Is it good to convert all fiat to crypto?

[teminalibug 309]

45 minutes ago, Sanjida Yasmin said:

Really it is good to convert because a person having a secret alligiance to a political creed,especially communism. So in this incommunicable or crypto is the best system in 2020.thanks for all.really all students happy from this.  

Crypto is risk, all the good of it comes with a risk, it is nit a good idea to convert all your assets to crypto.

[talo122 735]

That is very risky, unless you want to invest all your money in crypto market, but if you want to be safe leave your money in fiat is better as it is safer than crypto currencies. 

[Aereen 456]

I personally think that it is always up to someone's preference of how to earn. But for me I would not convert all of my physical money to cryptocurrency, I do not want to risk that much into investing something that has not certain return.

[Sumayya 493]

9 minutes ago, Nahid hasan said:

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.so at now it is not a good idea.

It is not good at all, if you change that you will lose them all

[Pilipinas 6]

On 12/17/2019 at 6:29 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. 

Ofcourse NO!!, I already tried its too risky and if you need it in your real world you'll shoulder the fee in withdrawal of your own money online unless your country accepts digital currency.

[Aereen 456]

On 12/17/2019 at 6:35 PM, Digicoin said:

I will not suggest you to convert all your to crypt. One of the rules in crypto is not to be greedy in order not to lose beyond expectation. Although, investing is less risky but I can not advise you to do just that. You can invest like 70% and not all. 

I agree with you, converting all of the fiat you have means you are risking all of your money for something that is not sure that will give you a return, engaging into cryptocurrency means that you should invest what you can afford to lose.

[Sohel Rana 406]

On 12/17/2019 at 4:29 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. 

I don’t support all fiat currency convert to  crypto or digital currency because we know crypto market are very risky and price manipulated all time. If market goes to down and price badly dumping then you shoud Lost your all fund and stuck you fund in some coin.    

[Mcd0d0 5882]

its all up to you mate if you do that because if ever the amount of bitcoin is big increased then you can sell it too or you can also stored the half for your future but all i said it's all up to you for me it is a ideal to convert to crypto to invest and store money.

[Luciferludz 1442]

15 minutes ago, kaneroot said:

I wouldn't do that Because it is risky. cryptocurrency is very volatile asset this isn't like any asset like stocks which it's price determine based on performance of a company.

Many of people are converting their all assets to the cryptocurrencies while they are the beginner, and that's why they lose and starting to say that's cryptocurrencies is gambling

[Mikeeee 220]

On 12/17/2019 at 6:29 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. 

I don't think that it's a good idea to use all your currency because there will be a time that it's value might increase more. Maybe converting some will not be a bad thing. Just try to hold the other half in every decision making. 

[Rickso 768]

On 12/17/2019 at 11:29 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. 

absolutely not, you can't put all that you have on the same boat. you have to be careful, because crypto is a very high risk investment that can let you lose money even in a few days. you have to put in crypto only what you are able to lose, so if you lose all what you have invested your life has no changes at all

[Sasaki 171]

Well I suggest that you must first have a knowledge how the market works and not just quickly do it, you should know what you're doing so you will not regret it.

[Laboni 755]

I don't think it would be good to convert all the fiat to crypto because it is worse than crypto. Fiat currency helps us work in crypto, and transactions are a lot easier, but not entirely dependent on it.

[Lunaa 238]

That is a bad example of investment. You only convert the ones you wanted to invest on crypto, no one can know if cryptocurrency will give you a good profits. Which is why, I personally think that only invest the amount you're willing to lose is a good phrases, not invest all of them. You'll soon understand why I'm saying this if you convert all of your fiat into crypto

[Munni107 3]

I don't think it's good to convert all fiat currency into cryptocurrency, because we need fiat currency without online transactions, and depending on the economy of a country, fiat currency, all secret will be big in the economy of the country. I think everyone should be careful about this. 

[Sasaki 171]

It depends, you must know how the market works and have knowledge in crypto so you can have an idea in that situation, don't immediately convert it especially if you don't know what you're doing. 

[Beromnia 733]

On 12/17/2019 at 11:29 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. 

welcome
I advise you not to convert all Fiat money into encryption
Cryptography is still not recognized by governments
I advise you to convert Fiat currencies to encryption to benefit from them in investment
However, invest what you can afford to lose

[Shaza Ahmad 1682]

I do not think that is a good thing. You always have to diversify your investments and not rely on a single source of income.

[Oxygen 1004]

When previous bull run passed i just think that i should have invested maximum that i can get bigger rewards. But time was slipped from my hands. If  you have spare money you can convert it to crypto currencies but only in that whom have greater value. And that can give you bigger rewards. 

[Usman Abdulmumin 354]

Yes is good this is a conceptual thinking, if you keep holding fiat money nothing will increase is only banks will be circulating your money for their own good, but if you buy bitcoin with it the more it goes up the more you earn.

[Armcannon 858]

At this moment it is a good idea to convert your money into cryptocurrency because it's price is increasing and possible that if you store cryptocurrency now you can make it's amount to be doubled soon.

[Ionescu 115]

I don't think that would be a very good idea because how could you live iif you exchange all your fiat into cryptocurrency? Because you can't use cryptocurrencies to buy food for yourself 

[doriahailee 643]

1 hour ago, Princeazam said:

I would suggest you not convert all of your fiat money to crypto.  Because if you loss then you will loss everything so save some money for future and invest  50% in bitcoin.  I hope it will ok for you.       

Yeap, Good decision. It's better to split it to separate fund like as you said 50% for bitcoin and 50% we save it on bank or anything that have stable price like gold, Also it's good to invest with only our extra money and not money used for our needs.

[Win 1015]

For me A big big NO.if the fiat you are talking is the fiat that is youre extra money only why not but if that fiat is you use in youre every day life dont.becouse it is so very risky specially that we dont really know exactly where and when the price pumps

[Rstunirk 151]

countless persons strength hold idea of converting altogether their fiat currency to crypto currency but that's extremely risky, I will tell who's ready to stealthy their fiat currency to total simply certain barely amount to crypto