Post
Topic
Board Bitcoin Discussion
Re: is it risky to turn all my money to bitcoins?
by
CoffeeForMe
on 20/12/2017, 07:57:44 UTC
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.
Yes, it is risky o exchange your money into bitcoin because you don't know if it is a scam or it is true? If you want to gain your money exchange it a small capital of your money to invest it.