Is it good to convert all fiat to crypto?

[Naylor89 1223]

Never do investing all your fiat to cryptocurrencies. you should always have money for bad days. the market is now very volatility and you can lose big money.

[samislam 403]

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

[johant123 1559]

19 minutes ago, Niloy12 said:

66% of retail investor accounts lose money when trading CFDs with this provider Exchanging fiat currency for cryptocurrency is typically most people’s first step into the cryptocurrency world Coinbase is one of the leading fiat to crypto exchanges for a reason.

But trading CFDs is not the same as investing in crypto currencies of course. CFDs are futures, and very risky indeed. 66% sounds even low, for such volatile contracts (currency futures).

[Pearls Before Swine 815]

No, not a good idea at all.  Most people don't even spend bitcoin for their daily needs and still have a need for having a bank account or at least having some cash on hand.  I wouldn't expect them or anyone else to change that, plus if you converted all your fiat into crypto you'd be taking an enormous risk.  I know bitcoin and the whole altcoin market have been beaten down in the last few years, but there's still a chance they could go down even more.

[Naga 1250]

On 12/17/2019 at 8:35 PM, Iftekhar75 said:

Yeah it would be good if you convert all your fiat to crypto. As crypto is a digital asset and one of the best cryptosite. But still the risk is that this currency is illegal in many countries.

not just the part where bitcoin is illegal in some countries but the fact that its very risky to turn all your fiat money to crypto because the market could go into red at any moment and you will lose a lot.

[Roomi 1119]

On 12/17/2019 at 3:29 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. 

No this will be not good foe you as there will be a lot of chances to loss in crypto field. Its better to invest only that amount which you can afford to loose 

On 12/17/2019 at 3:29 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. 

No this will be not good foe you as there will be a lot of chances to loss in crypto field. Its better to invest only that amount which you can afford to loose 

[AlexGreyCryptoman 73]

I believe that you should not invest all your paper currency in crypto, because cryptocurrency does not allow you to pay in everyday life. You can invest 50 percent or less so as not to risk it. It may take a long time to make a profit from this amount, so think carefully before investing all the paper currency.

[cryptozalmii37 257]

I don't think this is a good idea to convert and invest all your fiat in Crypto you should convert it in batches to buy more coins with every dump and to over come your loss if you ever come in loss which is more probably you will come 

[Muhammad atif iqbal 569]

 it is a fact that crypto currency is the future currency but convert your all fiat currency into crypto currency it is not a good idea because in current days crypto currency is not legal currency it is banned in many countries you should invest certain amount of money  in crypto trading and try to increase your investment slowly slowly

[tienda 8776]

No is not a good idea the best option is to keep some of Fiat money and also to keep some of Bitcoin or any other cryptocurrencies, because at any moment you can a best opportunities of Bitcoin price down or go up you can sell or buy with good price.

[CryptoLover21 0]

Yes you should convert all of your crypto to FIAT , but remember you will always Convert or buy Crypto from FIAL When Its value is less  , and you can earn profit by Selling them while price is high

[rajonmia 181]

I am sorry to say that I can not agree with you. Also I recommend you do not do that because digital currency is not uses normal money. If you do that you face some problem. Like buying, household activities,and regular activities.

[Kuroashii 181]

It is not a good idea. Remember that cryptocurrency's price fluctuates meaning, your fiat at hand can not have the same value when you convert it into cryptos. If yoi gonna run a test, do not convert all.

[Soaib khan 1035]

dont convert your all flat currency to crypto currencies invest wisely or with resarch follow big signals i not suggest you to convert all flat currency

[khan22 3478]

This is not a good idea because some time market will not goes in your favor then you are in loss on that time and you blame on the market on that time, i just suggest you that invest some fiat money in crypto and buy good coins and wait for the market and when you got profit from the coins again invest your money n it.

[johant123 1559]

Not more than 20% in my opinion. And only money you can afford to lose! If you already know that you need it in a few months, it is very risky to put it in crypto currencies.

[Hatred 1388]

2 hours ago, UUSMAN1718 said:

Yeah, it should be the best option, because it will make everything to be in safe and secured place

But not all the time crypto is safe. I mean yes, yhe transaction or blockchain is safe. But the crypto itself is not. So its not referrable to transfer all your fiat to crypto.

[mladilo 2]

3 minutes ago, Hatred said:

But not all the time crypto is safe. I mean yes, yhe transaction or blockchain is safe. But the crypto itself is not. So its not referrable to transfer all your fiat to crypto.

never invest what you cant afford to lose, at any time the regulations or the government can stop or put a limit on holding decentralysed systems. stay safe.

before investing be sure you re going to read the good and the bad news or information about a certain project

[Suhannewaz 245]

Currency that the government has declared as a legal tender is fiat money (or fiat currency). There is no legal tender for bitcoin and the government does not endorse it. Crypto-monnaie implies that' a decentralized and digital medium of cryptographic exchange.' Fiat means "let's be done."

[Hatred 1388]

12 minutes ago, mladilo said:

never invest what you cant afford to lose, at any time the regulations or the government can stop or put a limit on holding decentralysed systems. stay safe.

before investing be sure you re going to read the good and the bad news or information about a certain project

Yes, your right. Luckily our government are not stopping us to use crypto. But of course, I didn't invest all because I always think that if an investment is a scam, I didn't lose all of my money.

[mladilo 2]

1 minute ago, Hatred said:

Yes, your right. Luckily our government are not stopping us to use crypto. But of course, I didn't invest all because I always think that if an investment is a scam, I didn't lose all of my money.

You don't get it right, its not about something getting scam or not. It's just about not working out as planned, thats not a scam.

For example if you invest in an ico and you dont make profit where they close the business after 1 year, that doesnt mean they are a scam, its all about pure management.

And again, sure there can be cases where they are actually scammers

[Shahud 1319]

i think it will not work .but some of the fiat currency you can convert to crypto.you shoud  always have some backup ..you can convert your 50% of fiat currency to the crypto currency

[Maxtron73 3269]

Well an old saying has always said to never put all eggs into one basket. You best diversify by buying stocks and crypto and also leasing some liquidity or fiat money for emergency.

[johant123 1559]

2 hours ago, Cryptokiller said:

Its very bad to change all fiat I to crypto because crypto scammers can make you zero.

The market can do that on its own (well, not to zero, but you could lose quite a lot).

 

I really hope nobody on this forum really thinks of doing this!

[Marsellous 934]

It is not good to convert all 100% of your money in crypto, like with every investing, It should be about 40-60 percents I think, not more. And choose crypto stable coins, don't invest in shitcoins or noname altcoins.