Quote from: Batang Hambog on November 29, 2017, 07:11:52 PM

Quote from: terrific on October 05, 2017, 10:20:39 AM

Quote from: jonathan6655321 on October 05, 2017, 10:15:45 AM

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

Bitcoin is really a risky job or a business because theres so many people that doing scamming by their own greediness and that the way why im too afraid baout investing here.

We need to know that not all bitcoin users commit fraud even though there are many out there who commit fraud using bitcoins. However, bitcoin is dominated by investors and users who really support the advancement in economic technology so that many people are happy with the bitcoin. Indeed the risk of using bitcoin is much higher than real money but if we know the basics and how to use bitcoin wisely then the risk can be reduced in such a way.