Post
Topic
Board Bitcoin Discussion
Re: is it risky to turn all my money to bitcoins?
by
Loopper
on 29/11/2017, 05:52:43 UTC
That's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank. This way you will have money in case of need, and you can let your BTC converted money increase in value throughout months!
It is actually risky depositing your money especially in technology like computer or maybe in a website. Actually all of the transaction with ibvolves money is risky. But it depends on you if you trust on it.

This will have a big risk if everything you bet for Bitcoin my suggestion better you think first. Wink