is it risky to turn all my money to bitcoins?

[najmul33]

Yes, it's Really risky to turn all your money into bitcoin. I agree Bitcoin value are awls increase, but try to invest your money multiple propose so even if You loss one side you can cove it other.

[1715686447]

1715686447

[1715686447]

1715686447

[1715686447]

1715686447

[1715686447]

1715686447

[rainezerr401]

Every decisions in life that you will made has a risk but the profit that you will earn from bitcoin is very promising, There is a lot of good news coming from bitcoins that's why investors are placing all their hopes to this industry.

[saedasda]

Yes! Its so very risky because you can lose all your money within a blink of an eye. Remember this, anything can happen. I will suggest that you invest some of your money to bitcoin or banks maybe both and if you want to be safe buy assest.

[jeraldskie11]

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

According to my opinion, bitcoin is not risky because it was made by developers in serious way, they made it very well for the sake of the investors or the bitcoiners money to be more secured and prevent the risk.
You will only putting your into risky way if you follow or made a wrong way.

[dzhan]

Yes it is very risky to turn all your money to bitcoins. Despite the high price nowadays but bitcoin's price still volatile, and can going down anytime, and it will cause a big lose for you . Always try to diversify your investments, and try to invest in some other promising currencies.

[FoxHound42]

Indeed its risky to place all your money in bitcoins. You should place a part of money in cryptocurrency not only to bitcoin. Bitcoin is huge therefore it won't grow too fast but there are more coins which can grow multifolds. For instance ETH, NEO, OMG and so on

[CreamyCrevice]

Yes ofcourse it is risky , what happens if btc is prohibited in many country's  .Just place in what you could afford to shed.

[Singletone]

Trading can be risky but if you turn your hard earned money into a great deal, I do not believe it is risky just make sure you retain them safe and secure so you will not lose them.

[FIower]

you must have an agenda and care to create choices for conjecture. if you have analyzed and observed bitcoin develops of course you should have a conjecture. and that conjecture will decide conjecture. if you have doubts much better dont.

[thecodebear]

Yes it is very risky to turn all your money to bitcoins. Despite the high price nowadays but bitcoin's price still volatile, and can going down anytime, and it will cause a big lose for you . Always try to diversify your investments, and try to invest in some other promising currencies.

People always mention Bitcoin's volatility to try to say it is very risky. I don't get this. If you are holding longer term Bitcoin's volatility doesn't matter at all and doesn't add any risk whatsoever. It only adds risk if you are buy bitcoin but need the money soon and have to sell it soon when the price may or may not be down, but in that case you shouldn't be using that money for bitcoin anyways. And when it goes down you only lose money if you sell. If you keep holding you won't lose any money and volatility doesn't matter.

[Alexnelepa92]

Personally, I divide 50/50 , calm down when a certain amount of money lying at home, and the remaining amount in circulation, but if 100% of the money pouring in it is possible and it is sad to finish

[rb26]

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

It's up to you. If you have enough money for everyday living and will not even notice that money in the bank missing then fine, you can do so. You cannot earn in the banks what you can earn with your money turned into btc sitting in your btc wallet. You might even double or triple your money by investing for a long term. Plus an additional tokens from the forks can also add to your savings. But you have to bear in mind that it really is risky. You should do your part to ensure the safety of your coins.

[well1985]

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

Yes it's always risky to put all of your eggs in one basket because we don't know what will happen to bitcoin. Put only the amount you can afford to loose.

[Qurczaku]

Yes it is as everything in what can we invest. Dont get me wrong im not saying that you shouldnt invest and keep all the money in bank account but you must remember that every investment may fail. If I would be in your place half of the money i will invest in many diffrent part of economy and the rest still keep in bank.

[Fear]

Don't worry! If it is your free money, you can put all to Bitcoin. In long-term, your budget will go up x10. 

[SnowAngeI]

Yes it is very dangerous to show everything in bitcoin simply because you would not have any money to survive in the real world i recommend to show the half in to bitcoin and yet another half to nevertheless be able to endure a little bit.

[Haxor321]

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

It is really not commendable to turn all your money to Bitcoin. Why? First because it is viotale. Also, the value of it isn't stable. It changes every now and then. I guess you should part of your money and then invest here and in business for it to grow and expand.

[BranZolt]

 it's risky to turn all your money into bitcoin I will not recommend you to risk all your money

[Gens09]

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

for me yes of course. because in just a blink of an eye your money can not be returned anymore if the bitcoin will gonna be shut down in our country let's think wise before we do something you never know what will happen so don't be too assure I know bitcoin is good but it is not wise to turn all your money in btc.

[danmoris]

Never place all your eggs inside a single basket!
Or, count your chickens before they hatch!
Always spread your wealth - never narrow your options.