Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Claus on May 22, 2018, 11:05:25 AM
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Imaging turning all your wealth in to cryptocurrency and see them rising like the speed of light. You will get profit by all means. But one thing I want to know is, is it really advisable or risky to turn all your fiat money into crypto?
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Cryptos can increase or decrease by large% in a matter of seconds. If you need to change them back to fiat quickly you may suffer a large loss. I keep fiat as well as cryptos.
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It's no secret that now more and more people are beginning to realize the fact that crypto currency is not a soap bubble, but our future, which has already begun its development. Naturally, those who now have crypto currencies in the future will get a good profit. The news background shows that crypto currencies enter our life day by day and will become the same usual calculation tool as payment by a plastic card. Of course, there is a risk, but you are more likely to miss the chance to increase your capital as an early investor.
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The fact that crypto is a groundbreaking innovation doesn't necessarily mean you should put all your eggs in one basket. One thing about money in a general sense is that you have the sense of security, live a good and proud life, have/buy what you want and this doesn't exclude crypto, but then crypto is still at the starting phase and volatile.
mind you if crypto becomes generally accepted in the world today all countries will have their own coin which will be used the country and look very carefully bitcoin is not the big buzz anymore it is slowly declining being taken over by most altcoin with the likes of Eth and co..
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I disagree to turn your fiat into digital currency. It is not practical move. Image if you ride a taxi and you don't have any fiat what will you do to pay the bill if the taxi wouldn't accept crypto? And in more cases nowadays fiat money is still the most needed in the world. It is the major tool to pay bills and everything that fiat is involve.
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Imaging turning all your wealth in to cryptocurrency and see them rising like the speed of light. You will get profit by all means. But one thing I want to know is, is it really advisable or risky to turn all your fiat money into crypto?
I will not suggest this right now, only if you put your money into a cryptocurrency like trueusd ir tether because they have fixed value.
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Don't do that because we are not yet at the time of total cryptocurrency generation maybe someday it will be a perfect plan in life turning fiat into cryptocurrency.
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Yes very risky indeed. It is not good decision because we are not at the momentum of fiat turning into crypto currency. If you do it you will face very vital consequences.
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I think it is risky. I suggest you convert some of your fiat currency into Cryptocurrency. At a point in time of the price of Cryptocurrency goes low, you might want to hold it for sometime to gain more profit. If you need money urgently, you might want to sell it and you might loose money
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No problem as long as you know what you are doing, you know what the next possibilities, you know what will happen. What the matter the most is step by step planning and you are so assured that you will succeed because I think after you turn all your fiat to crypto you can possibly turn it again to fiat.
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Yes, this is probably a risky undertaking today, but I'm sure that in the near future, when cryptocurrencies become a more customary way of paying for goods and services, then the degree of risk will significantly decrease. I already have most of my money in cryptocurrency.
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Of course it is risky, Just imagine you turned all your fiat into bitcoin. Then something happens and bitcoin gets to the price of 10 $ , what would you do ?
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Imaging turning all your wealth in to cryptocurrency and see them rising like the speed of light. You will get profit by all means. But one thing I want to know is, is it really advisable or risky to turn all your fiat money into crypto?
absutely yes! very much risky! u can recommend to put all your money to cryptocurrency.. ad the olds says here invest only what you are willibg to loss... the market is very unpredictable, profit is nit within reach. you have to struggle hard...
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I have a lot of examples that such a strategy is sure to lead to the loss of part of your money. Don't make that mistake.
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It's very risky in my opinion. prices are unstable and can not be predicted. I just set aside my salary of 25% for crypto.
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well, I do not know, but personally I don't have such kind of courage to risk everything of mine into crypto which I already know how it works.
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Turning all your fiat to cryptocurrency to me is very risky because cryptocurrency fluctuates and can drops at any point in time. I will advice not to turn all your fiat to cryptocurrency.
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Imaging turning all your wealth in to cryptocurrency and see them rising like the speed of light. You will get profit by all means. But one thing I want to know is, is it really advisable or risky to turn all your fiat money into crypto?
I think its would be wise if 50% of your fiat currency turn into crypto to currency because fiat currency is very helpful in your daily financial problem.
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Absolutely risky risky and risky. To turn all fiat to crypto means you are putting your all hope to crypto which is not good because it is risky and too risky.
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Don't turn all your fiat into crypto, we can't predict the market. As the saying invest what you can afford to loss
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Yes! Because we still can not deny the fact that in crypto space the risk is always there with you and anytime can hit you hard too much.
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Look at the current situation, how much the crypto has fallen.It is not known when the growth will begin. Yes, it's very risky!
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Imaging turning all your wealth in to cryptocurrency and see them rising like the speed of light. You will get profit by all means. But one thing I want to know is, is it really advisable or risky to turn all your fiat money into crypto?
For now it is because the crypto market is very volatile and you can loose it all.Wait for the regulation.