Is it good to convert all fiat to crypto?

[Ad.shah 0]

admiring dout.ok here's virtuousness.underreckoning. competently memorise corresponding cryptographic algorithms until you to find the overall righg decitions. wherever yoj eang inbest a do short selling is virtue not ball-hawking to take action converg entirely r u decree in order to encryption . excluding beauty uo as far as then you also.

[Onden 2098]

I don't think it's good to turn all the money you have into crypto. You need fiat money as a daily living expense, it's better to invest according to the capabilities you have. You can buy ETH or BCH crypto for your investment or trading. And make the best use of it so you can benefit.

[Cryptic 0]

Don't invest all of your fiat money if you don't sure if you will gained some profit by doing so, because crypto is unpredictable. Better to invest some but not all like half of your fiat money, so that you have something to use if bad things will happened like you lost in your investment. We must always anticipate the bad things because we don't always get lucky.

[gbfisher 1815]

Thats not a good idea my mate we use fiat currency for our daily expenses. If we convert all fiat to cruptocurrency for huge earning, thats require a lot of time. Sometime due to lack of knowledge or any crash in crypto market,  you lose your money as well. So i give you an advice to all members especially newbies, Some percentage of your fiat money convert to crypto and then start work on crypto fields and gain experience and enhance your skills. 

[BraveHeart01 1569]

It is not recomeded  to convert all the fiat to cryptocurrency  because  there is high risk of the loss but also there is a hope of increasement in money. If you can take the risk you can do this.

[Maaz sultan 265]

I think if you keep some of your fiat for the time of need its good and invest those fait which you have reserve in bank or your home but before buying with your fiat you need to learn all about trading of crypto currencies .

[Naylor89 1223]

Transferring all your Fiat into cryptocurrencies is not a wise decision because of the unstable price of cryptocurrencies. it might caused you big losses in the coming weeks or months. It's like a gambling. always keeping a small percentage in fiat Because funds like that would come in handy when the market isn't bullish.

[Zafarwaheed 0]

I think it's not the right way to convert all the Fiat currency into the crypto currency. Because all the online work may be performed with the crypto currency. But without online work Fiat currency must be need and it depends on the country economy . And cryptotalk also helps to build up the country economy. And also there is a risk because the Bitcoin price is unstable if it turns down you will face Los if turns high then you will get a healthy amount. Plz guide us

[ajabe2 1485]

I think it is risky,, you should spend part of the money on electronics currency, because this market is constantly changing if you concentrate on investing all you will regret if you lose money. You can save some money for the stock and any additional investment.

[Izeal 4404]

I think investment is the easy way to earn only you have to choose which is the write coin then if you invest in that price then you can easily more report. I would suggest you to invest 70% of your fiat into cryptocurrency.

[Danii2312 34]

Today it’s worth buying bitcoin and for this, you need to make an exchange of fiat for bitcoin. I think that at 6,800 dollars, the price is suitable for a purchase

[MalikAdnan 1662]

I think it is not. It is not good that all fiat currency you convert to crypto it is easy but not all the useful. Your pocket money and your country run with fiat. It is good to do business with crypto but all currency fiat to crypto is not good.

[pacific 2268]

Sometimes, the same question hits my mind, over and again -"Is it really safe to convert all my fiat currencies to Cryptos?"

 

But that's a big No. Cause, Cryptos are volatile and they do not have fix prices. Since, Cryptos are not stable at most times and investing all the fiat earnings into cryptos might be a heavy risk. On the other hand, if you meet a sudden accident or any medical or health related issues you might need fiat currencies for your treatment and this time your Crypto assets maynot help you, with your hospital bills. 

[bogdanoff 3173]

If you have shops that accept crypto near your place it can be good to convert it all and if you live in a country with hyperinflation then it is the best choise you can make, so go ahead but careful with the risk and know that you can also lose too, there is risk involved.

[Kamrulhasan1809 42]

My dear friend, I would never advise you to convert all your money into cryptocurrency.  This is because there is some risk involved.  Your wallet may be stolen or you may lose your money in trading, so you need to be careful and keep some money with you.

[Danii2312 34]

I don't think it would be good to convert all Fiat currency to cryptocurrency, because without online transactions we need Fiat currency, and depending on the economy of a country, on fiat currency, all the cryptos will have a big impact on the country's economy.

[Gluttony 1775]

Having a cryptocurrency is no doubt a good idea because it could be a passive income for you especially now because of limited things you can do. But if you put it like that where you would convert all of your flat currency into digital coins that would not be practical but ambitious move I guess. Yeah, you could potentially make a huge amount of investment since you get to convert all of your money but the possibility of having a scammer also is there which is why it is better to play safe and don’t risk your money that you have. You still need to think practically not just about the futuristic ideas that you have about getting too much profit because of having a huge amount of investment. Still save for your own to provide your basic needs then you convert all the remaining money that you have in the flat currency to cryptocurrency.

[annayks 2314]

Soon we will do that without even asking. When our fiat will mean nothing and we have venezuela style inflation it will be over and everyone will be dumping fiat. This can happen as money is centralized and it seems they don't care a lot to control it correctly.

[Mess3 10]

Learn more about crypto until you get rig decisions.  Just because eos ing ebest or trading is good doesn't mean that all ur fiats have to be converted to cryptocurrency.

[CryptoMaxim 2372]

On 17.12.2019 at 14:29, 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. 

Of course not. You can exchange Fiat for cryptocurrency for long-term investments as well as for trading. But it is not practical and risky to change the entire Fiat. You can change 20% of the Fiat.

[Sykkuno 2887]

Yes this is what you should be doing so long. Unless we are at the top which we have not gone yet, you can take the risk if you don't own too much and you can buy cryptocurrencies with this money. You have two thousand dollars lets say. What can you do with this money? You can't do anything, try to make them twenty and then withdraw half and trade with the rest.

[khan22 3478]

This is not a good idea because no one will know that on what time BTC or other crypto coins make a bull or it will comes down so just invest those money in if you make loss your life is not effected on that loss becasue crypto is a great business and no one will know exactly what will happened in the market.

[yato987 2811]

this is a very bad idea , no one converts all his stable valued money into crypto , there is a huge risk in that even traders don't do that , what if the currency you chose fallen and its price dropped , you will end having nothing , i suggest you to learn more about trading so you can be able to choose the right decision when dealing with crypto

[percare 3192]

It is not good to do that. You will not have fiat to pay for anything but if you live in a place that they accept crypto then it can do good for you and maybe you with the prices of cryptocurrencies rising you can buy a lot more after some months if you don't spend them.

[whatislovebabydonthurtme 23]

It`s new=ver good to put all of your money into one asset, like crypto. you should always have risk-management and diversify - part in crypto, part in cash, part in stock market, part in gold and so on