is it risky to turn all my money to bitcoins?

[Asmonist]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes its risky. Better divide it in the bank and in bitcoin. Your money in the bank will be secured but of course with less returns or interest. However, in bitcoin you grow it higher than a bank deposit. Of course its risky also because you can have losses. Unlike in the bank that what you put in when you get it back its the same. Its purely saving with lesser interest. So better have both to have your money for security and money for investments.

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[youok]

is it risk to turn all the  money in bitcoin ?
in my opinion, there are some things to be attention  if we want to invest in bitcoin. some of them are as follows:
1. the bitcoin range price is very volatile.
2. bitcoin trading is risky.
so in conclusion no one is not at risk in this world. I just advise you, do not put all the eggs in one case. do not keep your money in bitcoin only, because the risk is very high.

[bitalive]

Don't Put All your Eggs in One Basket - basic investment rule.

[MoonJeina]

It is bit risky to turn all the money into bitcoins because of main two reasons ..
The bitcoin is highly volatile , it keeps changing in fraction of seconds and there is a high risk that when you withdraw your money bitcoin's value hikes up. So there is a need to keep some of bitcoin with yourself and manage it in an efficient way by checking the current value and price.
Another reason is that still bitcoin is not accepted by many governments so if you withdraw a lot of money out of bitcoin questions can be raised against you.

[Fatemablabla]

Dnt put all of your asset in one bite-i maintain this.why all?use on the basis of your profit and keep some for the back up

[Kabul]

Don't Put All your Eggs in One Basket - basic investment rule.

But bitcoin is one of the greatest invention of our world and there is no risk in turning all of my money in to bitcoin. Bitcoin was $400 when I first knew about it and now it is more than $6000. I wish that I could have know bitcoin sooner so that I can buy more bitcoin.

[Slipknot79]

Absolutely it is. Invest wisely. Its possible you will be very successful if you did. But......................................

[yourialfa]

I think it's risky because bitcoin itself is an unstable crypto currency. But that does not mean it's bad, it can be a big profit but risky.

[loof99]

Yes it is risky to turn all your money into bitcoins because we never knows until when does the price of the bitcoins are high.

[josephdenne]

I'm 100% with the majority of responses here. It's risky putting all of your money into anything, including banks. Diversify.

[jyotianand01]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it is risky to put all money to bitcoin as crypto currency market is highly volatile market like other trading markets i.e. forex, shares, commodity and it can give you big profits but also can wipe out your hard earned money. Money markets have many pros and cons. A good news takes this market to moon and a bad news take it to deep sea. I would suggest, Never put all your eggs in one basket.

[skylark001]

Yes, it’s a risky proposition to put all money in Bitcoin as it is highly volatile. Currently, it’s gaining but may go down as it’s a market trend for all currencies.



If you are young enough and have the appetite to take risks, then only you must turn your all money in Bitcoins as there is also a possibility for high gains.  High Risk=High Gains is the key.



Otherwise, it’s always recommended to invest money in different currencies/commodities to diversify risk involved.

[phuclzu12]

Don't Put All your Eggs in One Basket - basic investment rule.

But bitcoin is one of the greatest invention of our world and there is no risk in turning all of my money in to bitcoin. Bitcoin was $400 when I first knew about it and now it is more than $6000. I wish that I could have know bitcoin sooner so that I can buy more bitcoin.

LOL, $400 is good time and really the best price for you. You can't blame anything because you had ignored that chance in the past. Honestly, I knew Bitcoin was $800 but in that time, I had not money to buy Bitcoin and need to work hard to earn it.

[pantgaurav]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes

[procryptoguy]

Yes its always risky to put all of your eggs in one basket may be you can do like 80% in bitcoin an 20% in other crypto currency.
The best strategy is to put 505 of your all money in your banks.
and then buy bitcoins and then invest in crypto currency

[Xester]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it is risky to put all money to bitcoin as crypto currency market is highly volatile market like other trading markets i.e. forex, shares, commodity and it can give you big profits but also can wipe out your hard earned money. Money markets have many pros and cons. A good news takes this market to moon and a bad news take it to deep sea. I would suggest, Never put all your eggs in one basket.

Yes that is the rule of investment to not put all eggs in one basket because if it collapsed, then all your hard earned money will turn into ash.  When doing investment try many other things and part or allot money or bitcoin into many investments.  By doing so, since you do not know what will become successful, you are making yourself more secure to the disastrous effect in case one investment fails.  

[heppot]

trading and invest in cryptocurrency like bitcoins is full of risky but we know if you stand in right side you will gain profit in very-very short time.
but in fact bitcoin value are going gain and gain by the time.

[_Legendary_]

It's certainly very risky to put all of our money into bitcoin, although bitcoin is very profitable, but there is no guarantee we will profit, I suggest to divide the finances and do not just put all the money into bitcoin.

[FDC1412]

Of course, physical money when converted to bitcoin becomes very risky since when using bitcoin currency, as thinking of it as an investment, providing and limiting your money to only one firm brings your money into bigger threat. bitcoin is very volatile in which you can either earn or lose bitcoin in a fast phase. You have bigger threat is you let you bitcoin converted money stay put on the other hand, utilizing your money to different activities involving bitcoin will have bigger benefit if you really are into joining the complex world of bitcoin.

[Nefarious]

Very risky indeed, but also potentially very rewarding. Simplest advice is don't invest more than you can afford to lose.