Is it good to convert all fiat to crypto?

[Serbberq 724]

I think you shouldn't do that, it's not really safe, there's no guarantee you won't lose money or succeed. Don't be like that. I hope you haven't converted it.

[Reen 1120]

Actually, Putting entire money into bitcoin is really tough and making ourselves into the danger zone.So be careful and think alot before that. Maybe, One thing can be instead of earning high profit you can go with some safe plan like invest some part of your money instead of all money.

[alisen9506573 194]

My dear friend. This topic depends on several personal factors for the individual who wants to do it. Therefore, we should have responsibility for the things we do and those factors that depend: the budget is large or small, and when you transfer, will it benefit from investing it logically in order to transform it or not? All appreciation.

[Shadi29 871]

No my dear friend, I do not advise you to do such a behavior, it is very wrong to put everything you have in one investment, there is an example that says do not put all your eggs in one basket, if it happens you have lost everything, so you have to diversify your investments and distribute your money to several  Sectors.

[almayuki9 200]

No, my friend, I do not advise you to do this, do not put your eggs in one basket, I need fiat currencies as much as you need cryptocurrencies, at the moment due to the lack of cryptocurrency transactions around the world.

[Merry Cherry 670]

Hello my friend i think its not good idea to convert all fiat currency to cryptocurrency because we all know its online transaction takes time much rather then this we can use it in trading or we can invest and can start new project and we can get benefits from this when its price will get higher. 

[joemcgwa 3227]

The fact of cryptocurrency investment if you are not a trader, then you need to invest few amount of your assets which even you lost you lost few as you invested, but actually the cryptocurrencies has the feature to rise massively, so thats means you'll be benefited a lot from small investment once the coins has massively bull run.

[Saberali 530]

No it's not, Just use your spare fund in case you want to invest on cryptocurrency or even if you want to send someone with crypto don't convert your fiat, Crypto was not acceptable for some merchant that you need for everyday life so i don't really recommend it.

[Powell 572]

I don't know much about the cryptocurrency and also the fiat currencies, but I think this will be ideal to convert all your fiat currencies to cryptocurrencies because there are some transaction that can only be done through fiat balance, thanks.

[Vola1s 727]

I am not recommending you to convert all your fiat money into cryptocurrency because you need fiat finance to be able to finance your own life, invest according to your finances so you can still carry out the investment according to the strategy. This is the safest and most risk-free way for those of us who are new to the crypto world.

[AMAN KHAN 579]

Dear friend it's really up to you. If you want to convert all your digital currencies into fait currencies then you can easily do that. And if still you're willing to collect more digital currencies then make it from trading, investing or by collecting it from this forum. Anything you can do whatever you want. 

[april1221 303]

On 12/17/2019 at 5:29 PM, 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. 

If you have more money, there is nothing wrong with converting a large amount of your money into crypto. You can convert fiat to crypto when the crypto price is cheap, then when the crypto price is rising you can sell it all or part of it, later you will get a bigger profit from your previous fiat capital.

[Rehaan 380]

Indeed is acceptable this is a reasonable reasoning, if that you continue holding fiat cash nothing will increment is just banks will be flowing your cash to their benefit, however in the event that you purchase bitcoin with it the more it goes up the more you earned.

[cheri farah 487]

Not a good idea what if the prices went down for long time i think you should decrease the risk by distributing your money between fiat and crypto 

[Taj93 295]

Do not be reckless my friend, it is good to think of a project and start investing, but it is rational and I start with small amounts and do not buy with all your money one currency because if you lose, the loss will be great and you will be destroyed.Do not risk an amount that you cannot afford to lose.

[Sonii 386]

If you urgently need this money then you withdraw it or if you don't have any emergency then I will advice you not to withdraw it. Keep remain it in your wallet and if you have any experience and knowledge about trading or investing money then you should invest all of your money on youbit exchange so that you can get one percent daily profit... By this profit you can easily meet your requirements if your investment is too high.. So try to invest your money not withdraw at that time. 

[emilywillson 666]

I believe that each currency has its own fields, and that each currency has its uses, trades and investments that are different from the other currency.
Therefore, it is necessary to have paper currencies in order to be able to exchange them in their own appropriate fields, and it is also necessary to use cryptocurrencies because they are more profitable in the digital and virtual fields.

[Ali iskandr 600]

It is a good idea if you have enough knowledge about cryptocurrencies and can choose correctly, but if you make a wrong choice in the cryptocurrencies, you may lose all of your cash in return. 

In the end, that depends on you and your belief in the cryptocurrency and its future.

[Ramossss 963]

I do not think it is a good idea, it is true that cryptocurrencies are useful and the greater your capital, the greater the profits through investment, but you need some paper currencies in order to be able to buy with them what you need, especially since most countries do not allow their citizens to buy things with cryptocurrencies

[Adam X 323]

Why to do that while you can invest some of your savings money only as digital currencies due to the precept of not putting all your eggs in one basket. The invested amount could support your income and help you to expand your assets on the ground.

[Tomy2 375]

There are some risk involved in crypto currency so it won't be a good idea to invest all in crypto. You might still need your Fiat currency to sell and buy goods and services especially in paying of bills to help you out with these expenses

[Safaa 401]

 

This is not a wise decision to put all your fruits in one bag always.you can invest in the crypto but not all of your money.make safe decision and divide money in different places.so that you can recover one loss from others.