is it risky to turn all my money to bitcoins?

[Dapallo]

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

It's almost impossible to buy bitcoins and don't get worried and stressed by those fluctuations, rumors and forks.
Besides that, you could get a little paranoid with the security. So, i agree with you, invest large amounts can be harmful to your emotional stability

I agree that if you buy a lot of bitcoins you will be stressed because you have spended a lot of money in it so of course you are afraid to lose it. I would be too afraid to lose my money.

You will look like a zombie if you have invested a lot in it.

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[Notmanaspatil]

Tho Bitcoin has a huge demand and a lot of worth still there is a lot of risk to invest all the money in Bitcoin . Being a crypto currency it can fall anytime and and rise anyway. I will always recommend everyone to invest a bit of money in Bitcoin but investing in large quantities in really a headache

[Da Cambodia]

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

Yes it's risky especially when you really need money. as you said earlier you will put all your money. How do I have an emergency? You do not have any bank deposits. And yet the Bitcoins price has fallen. You're going to make sure you're really going to get rid of your bitcoins even if you lose the price.

[WannaCry]

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

Yes it is, although bitcoin is a good investment, there's no assurance since bitcoin price is volatile, it could go down to thousands of dollars in just a short span of time. Same goes with increasing, bitcoin price can go up fast in just a short span of time. Just invest the amount of money that you can afford to lose, so that you will not regret investing bitcoin.

[OrcaTech]

of course it's stupid. smart people who are good at finances always have their assets in different currencies and property, bcz you never know what gonna happen next

[CoinFlippo]

Yes it is very risky to turn all your money in to bitcoins i would suggest to put like 50% in it and just wait till it is done because it is very hard if you lose everything you will blame yourself forever with that just go safe and put 50% in it.

[damrianto]

yes obviously risky .. because the money if made in bitcoin it does not guarantee the safety of your money. if your money save aja a lot of the same bank or hard to keep in your bank just love me with my happy to accept .. he he.

[hxk451]

According to my advise  that in the event that you do that its excessively unsafe that transform your everything cash into BTC simply keep some for your self for your day by day needs, and possibly you have a crisis this can't be overlook since we know the mishaps is whenever and anyplace its alright on the off chance that you don't keep it in a bank they simply mentally program you. In any case don't transform all your cash into BTC in light of the fact that its conceivable to take your BTC of the programmer and all you cash was squandered.

[Dastramus18]

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

It is very risky to do that because the value keeps changing because it is a unstable coin and maybe one day it will go down in value and stay at a low value.
If that happens then you will lose all of your money. I think that you should only invest a little bit of your money.

[SHAWN-MIDWAYS]

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

A simple rule of thumb, never put all your eggs in on basket, No matter how good an investment will look let us try to diversify into other projects to avoid losing everything in an event of a crash. Besides crypto investments are usually volatile and risky which is basically not for the faint at heart, but the good thing is you can easily break even within a short period.

[HimJum2]

Of course.You must keep some money only to avoid unexpected situations as BITCOIN is not legal in many of the countries.

[Faxmate]

Please think about this for a minute. It's called diversifying what you invest in. The short answer is YESYESYES.

Well I don’t think so it’s risky but I mean to invest all your money it don’t make sense even if you have too money or you are billionaire so you can do this always invest your little part of amount in bitcoin because bitcoin changes his price in a week and you can get your profit fast so little part of your investment also give you a good profit.

[Raisul Islam]

it's a bigg risk i think in your life.bitcoin price up and down anytime .if u convert your mouny into bitcoin then bitcoin price falling down.you face a huge
loss this time .So you should know more about it.thank you.

[pushups44]

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

Absolutely. It is risky. Any cryptocurrency is highly speculative at this point. If you are concerned with low interest rates from savings, you can always put your money into the stock market or other higher-yielding investments. Diversification is key to minimize risk.

[Oasisman]

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

Thats a very big risk putting ALL your money to bitcoins. Well, investing btc is like gambling, you cant always win. Its volatility is the biggest risk of all time. I know you want your money to move even just a little percentage of interest, but putting all your money is not a good idea, why not just put lets say 40% of your money on btc. Invest what you can afford to lose.

[Pa1n]

Its risky move but if you understand how to invest BTC you will gain good money . But i think not turn all money cut in small pieces and turn to BTC.

[smauni]

Yes it is too risky to invest all your money in bitcoins. Because it's not a real currency, it's a online currency.  Also it's do not have any fixed price, so any time it canbe go up or came to the down. For that you money will be in huge risk. So devide your money and invest a % of your money in bitcoin for long term.

[barabut]

All time my investment strategy is to make diversification, never put all eggs in one basket even if something happen that I can not foreseen.

[TIDOVEE]

Hmm! Its not advisable to put all your money as bitcoin, any thing could happen. You can better trade with it to be at a safer side. If your money sits in the bank and is secured, its better . whatever could be wrong the bank would be responsible for it,unlike bitcoin. For bitcoin you are on your own.

[Ingoats]

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

It would be. Turning or converting your money on Bitcoin also means that you invest in bitcoin, from that, any form of investment involves risk, and in the case of Bitcoin which is volatile, there are chances and tendencies where its market value will fall and that's the downside. Also, Bitcoin is not yet legal to most of the countries and it will limit you as a user on using it as a currency.