is it risky to turn all my money to bitcoins?

[streetlight]

It is not risky if you are comfortable with what you are doing. If you are doing what someone else told you and you think it's a great idea, but you didn't do the research then I suggest you do not turn all your $ into BTC.

[1715288027]

1715288027

[1715288027]

1715288027

[1715288027]

1715288027

[1715288027]

1715288027

[Ekanenf]

yes  ,  it's risky to turn all your money to  bitcoin . Bitcoin will be volatile if you know risk and all day long thinking about risks , the risk will come . I tell you the truth, why are you thinking of bad things, bad things will come to you? Why do not you think of the good things that will come, great things await you? a 'fat profit' from bitcoin? I think you should ask the question: are the ways to make a profit from bitcoin better?

Well every investment is risky and in case of bitcoin where the price of it is volatile and can easily be worthless once most of the millionaire decided to leave bitcoin then all your investment will easily be gone. So better invest everything that you can afford to lose just like on gambling. Remember you spend money everyday and think what will happen if you someday lose all your money and become sick.
Anyway, I remember someone who've done invested everything on bitcoin and luckily all the days he waited is worth it but life was hard for hime before that because temptation on selling it got him and he tried to not spent any of it.

[MutualCoin]

Well, it is always risky to turn ALL of your money into a volatile market, such as Bitcoin. A good rule of thumb is to invest around 25% of your money, into such market.

[sirmitchel]

No never is it not risky to turn all your money to Bitcoin.Because Bitcoin is very reliable digital currency it is started in 2009 still now very trusted and  running with loyalty.So of course you invest Bitcoin.

We may see that bitcoin is becoming popular and a lot of people are getting into it but putting your money in one basket is risky, every investment is risky because we don't know what will happen next we might lose our money or may make it double. Investment is not just about making money and its 100% that it will workout.

[Eugenar]

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

In my opinion, Yes, it is risky to convert all of your money to Bitcoin especially if it is not yet legal as a currency in your country, or even if it is already legal, still, Bitcoin is volatile. Its volatility is what makes it risky since there are jnstances that its market value is falling and you'll surely be in trouble if this thing happen.

[Jonsnowstark]

It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.

[Beparanf]

It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.

It's a risk,don't ever made decisions out of yur control, it's enough that we still left some amount on our pockets and bank account that can help us whenever needed,but it will be much a help if you have put more for saving in btc but never let your self empty handed.

[Gudhal Untu]

Things depend on our courage to speculate, many people put all the money into bitcoin and they get the profit, the most important is we have to be ready if the price goes down.

[GreenBits]

Things depend on our courage to speculate, many people put all the money into bitcoin and they get the profit, the most important is we have to be ready if the price goes down.

cryptocurrencies have a high sharpe ratio. better than any other asset class in fact, including bonds and US equities, depending on the timeframe. while bitcoin is indeed extremely volatile; way more than real estate, oil, or stock, the rewards are unusually good for the risk. so empirically its a good bet, but you have to be prepared for a retraction at any time, or a complete run to ruin (very unlikely, but still quite possible).

ive basically been all crypto for some years now. no regrets.

[24core]

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

Turning all of your money into bitcoins is not a good idea.  Please always leave an emergency fund or always have a savings account in case of emergency's.

You can always set aside a portion of your funds but not all of them. 

[bobitza]

It certainly is. If you think about it, not all merchants accept bitcoins so you wont be able to use it in your daily expenditures. Turn to bitcoins only the money you are willing to use. Investments are always risky.

Of course investing in bitcoin is always risky, and you have to accept it, however, at present, the risk of investing in bitcoins is very small, as the market still prefers bitcoin. It's still a good choice.

[poisonivy77]

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

I think so too, I believe it is risky to turn all your money in to bitcoin because bitcoin operates on line you'll be needing the aid of the internet once the system fails so thus your investment. It would be advisable to take some in the form of fiat, because it is centralized.

[Hotel_Prodeo]

If we turn all of our money of course very risky, all we have to know is that bitcoin will be profitable if we keep for a long time, I'm not sure all users will be patient to not sell in less than 2 years.

[Risktaker31]

We all know that bitcoin or other cryptocurrency is highly volatile . Bitcoin is known for its wild fluctuation value so there's a chance that you'll end up lossing money or having a 100% profit. Don't invest all of your money on crypto try saving it or investing it on some real estate company . Remember you are responsible to all of your investment or what you do on your own money so keep watching the movements of bitcoin's value on the market.

[Granslam]

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

No doubt that bitcoin is a very risky thing that i've seen but many  people become rich people by investing and giving them all money in bitcoin if you take the risk in bitcoin i think you will become rich like others so it's up to you.

[Mr.grin]

If we turn all of our money of course very risky, all we have to know is that bitcoin will be profitable if we keep for a long time, I'm not sure all users will be patient to not sell in less than 2 years.

that's right, because there are 2 possibilities that happen if you hold the bitcoin you have. the first, when the bitcoin price goes down, you'll be anxious to sell it. and secondly, you may want to sell it immediately when it goes up, even if the increase is not so high. well, there will be so many risks you think of when holding bitcoins.

[Konco126]

Yes, I think it's risky to change all the money you have into bitcoins. Indeed investing in bitcoin is very good for life in the future. But remember the bitcoin prices are volatile unstable. That is where you should be able to understand the risks. If I think, if you want to change your money to bitcoin, change half of it.   Don't turn your all money into bitcoins, just in case, afraid will be a big risk.

[virasog]

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

Yes its risky.You should start with low. For example if you have 1000$ so you should invest 200 or 300$. If you invest your all money on bitcoin and the price fall down you'll lose your all money. Everyone aware about the fact of bitcoins that its volatile and change price every single second. My suggestion is to keep extra money in bitcoins and keep a close look at bitcoin market prices daily.

[migueltiu]

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!! You shouldn't invest all your money in one thing only. From what I do, I invest my money in one thing and if it turns out great, then nice! But I proceed to finding another investment. Allocating your money to different investments would be the best option especially with the value of bitcoin going up and down.

[apoteos]

Very risky, high risk with high rewards. A better idea would be to diversify it and not have all your eggs in one basket.