Is it good to convert all fiat to crypto?

[basel23 1722]

I think you have to wait for the bitcoin price to drop in the market and then make a purchase, as it is the best trading process at the moment given that bitcoin is the most powerful currency

[energyl33t 443]

If you want to invest, trade or do something other with crypto of course you need to convert, now every exchange site allow you to buy and sell crypto

[Ch Ayyan 9781]

I can't suggest  You to convert  Your all currencies  to crypto  currencies.  I suggest you  to convert  as much  as much  You can afford  to loss. Because  there is 50 % chances  to loose  Your  own money. 

[Maroua 1159]

I do not advise you that if you are new in the world of cryptocurrency, you have to slow down in doing this matter, but why do you want to do this matter ?, Just collect good capital here from this forum, and then invest in it on your account on YouTube, don't risk your money.

[Babubu609 0]

On 12/17/2019 at 6:53 PM, Superred said:

If you can accept the volatility of crypto then it might be will good for you because i have to says it very risky and you can see your investment value will decrease following to market price itself

That is taking risk if you are a risk taker you shall really be successful mate 

[Ricardo Walker 196]

No its not a good idea.Because Crypto is digital currency and it is not accepted everywhere yet, moreover it is based on internet so transaction need time,so you need fiat currency for daily life.So convert little

[MrGeany 297]

i don't think that it is a good idea, unlsess you have some kind of inside informatino about coins' price and you want to profit from it. in that case you may convert most of your flat monay into cryptos.

[Mcd0d0 5882]

On 1/28/2020 at 8:22 PM, Janecai said:

It's not good to change this whole fiat for crypto. Because I think it's risky. Jangam does that. Buy crypto with free funds.

Well this is true mate, if you are a new from crypto world, you just need to invest a little money from it and just try if this is good or not because here is very risky, you need to have an good predictions to make your money doubled or tripled.

[magd 5231]

Banknotes are very important to you because digital currencies have not been approved in all countries and for this reason I advise you to convert a portion of your banknotes to digital and leave a section without converting so better

[Fedor00 74]

That's a very bad idea in my opinion. What's going to happen when you need to buy some food for yourself? There aren't any shops where you can buy food with cryptocurrencies 

[Captain Karim 0]

Certainly, this is not good and is not considered an investment, but rather a risk to everything you own. The smart investor does not put all eggs in one basket and resort to diversifying his investments. In the event that one investment fails, another will succeed.

[AkaCrafterCZ 1140]

You shouldn't ever invest that much to cryptocurrencies. You shouldn't invest no more than 5% of your capital into cryptocurrencies. If you buy Bitcoin, you're almost guaranteed to have profits. However, other altcoins can be more risky as they can be dumped easily. Only invest what you can afford to lose.

[Bruno52 1141]

It would be a bad idea to convert all your fiat currency into crypto currency because nobody knows the future prices of crypto currency and you can lose your money value by doing that.

[Thekingcallme 1975]

If I were you, I would convert 80% of my banknotes into cryptocurrencies in order to trade and make good profits through crypto, it is much better than paper money

[Mishu1234 101]

I do not think it is a good decision to convert all you fiat to crypto but you can convert a certain amount of fiat to crypto it can be profitable for you   

[Treat1234 0]

If you aren't afraid if volatility and you are ready to earn in cryptocurrency, then you can invest in cryptocurrency and your holding value will be increasing gradually

[Ridam 7455]

No i don't think you should go with that. In my view Invest in the Crypto that you could loose. Because if something bad happen and you need your fiat urgently you need to sell in cheap rate at that time you have to bear huge loss. So you can do Invest but i prefer Investing some profit in Crypto until you are full timer and have enough knowledge.

[guatazoo 7150]

If you have the reason to invest all of your fiat assets to cryptocurrencies, you can do it if you know when the bull run will happen, but if you invest all by predicting, do not do that, maybe you can invest 40% of your fiat assets.

[pablomarwan 3082]

All I do not agree with that if you are not able to get it from after that if I do not have a job to get it then I do not agree, perhaps you will need it after one of the purposes and it must be available for you not when you need it you transfer it again and it may decrease its security and It will cost you a lot. I tell you to take precaution only

[abualez 4106]

It is acceptable to see that converting paper currency to digital currency right now is not a good thing, but this may have many benefits in the future. Good luck, dear.

[ComeBackIsrael 185]

I think that there is no need to do this, it is better to leave a little Fiat, so that in the event of a fall in the cryptocurrency rate, you have at least some savings.

[Laboni 755]

It is very difficult to store Fiat in case it is centered and under the control of the government, the crypto is very good at saving. No one has to pay any taxes or taxes from here. It would be better not to convert all fiat to crypto for the time being.

[Kamila 291]

I think that no, I personally would never do this, it is very risky to invest all the available money in a cryptocurrency that can fall in price at any time.

[jamesvince 2389]

Are you making joke are seriously saying fiat are safe investment of us in crypto market only invest what you have to lose because its suddenly falls and ups can be seriously damages to us. So try to understand the level of risk if you want to convert your fiat currencies into crypto market currencies. 

[LeandroMesa 33]

On 12/17/2019 at 4:29 AM, Delgboke said:

I have been thinking what if I should convert all my fiat currency into digital currency/ cryptocurrency Is it adviseable to do that? Please what do you think. 

Maybe is good to convert it for example when the Bitcoin was in 3600 and then when rises his price you get a good profit but i dont recomend to do it when the price is probably in a fall