is it risky to turn all my money to bitcoins?

[Janation]

it is basically not wise to invest all your money in one place...no one will give you 100% guarantees...you need to turn on the mind and act reasonably

Bitcoin is volatile so I think that is obvious that putting all of your money into these digital currency will be a huge risk. Yes, bitcoin may have a lot of pumps that is happening, but still, we cannot rely on things that we don't know what may happen.

Instead of putting all out on bitcoin, I guess you can part your money into your needs and your investing money. Before you invest, consider first the money that you will be needing for your everyday needs, after that you may consider where to invest and put an amount of money that you think is the best.

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[dasdo]

it is basically not wise to invest all your money in one place...no one will give you 100% guarantees...you need to turn on the mind and act reasonably

Correctly! It is worth remembering about the risks and diversifying your investment. This is how you can earn money

[puzif3r]

its risky the fact that not all store as of this writing are accepting bitcoins with high volatility of the market and the transaction fee that we are now experiencing who knows what will happen, its a risk that you might get richer if you we able to buy BTC during its pre 1k time better pre-5k time back in mid 2017, right now with its all time high everybody is just waiting for crash or shall we say corrections.

[cokkapaga]

Dont put you all money to buy bitcoin, bitcoin is the best investment but remember, an investment is have a risk.
it's better to put 10-20% total of asset for your investment.

[Glydel1999]

Investing all of your money in bitcoin is very risky. Please remember that the bitcoin's price is very volatile and no one can predict whether the price will increase or decrease. If you plan to invest I suggest that you only invest what you can afford to lose or you can earn bitcoins instead and use it as your capital.

[anselchild]

It is a risk. There is always risks in any form of venture of value. Bitcoin investment is not really different from any non crypto conventional investment. Anything can happen so don't do it if you can't afford to lose it. Having said that, I advise you manage your risks by spreading them. Don't put all your eggs in a basket.

[Ryan Dugan]

It is not about bitcoin being a good idea to have all your money in it is more about when. I don't think converting your all your money into bitcoin in one transaction is a good idea I think it is better to do it slowly and build up the ratio between money and btc untill you feel confident with it. But be aggressive and go for it!! Don't live with regret or what could have been. Bitcoin will rise more watch $15000 will come easily it's no problem because bitcoin is a beast!! 

[surbanaB]

it is not a danger to us when we know how to make it. you need to invest in a variety of business-based coins

i don't understand what do you mean when you said "it is not a danger" Crypto Currencies is a risky investing channel because it's not like stock or real estate which is real asset. Altcoins and bitcoin is digital currency which need internet to work, it can also disappear in the good day and you will be lost all money that invest in altcoins or bitcoin.
Warren Buffett advised that "Don't put all your eggs in one basket". you should invest in altcoin or bitcoin a part of your money that you are ready lost.

[Apes]

It is not that risky. But it is wiser if you are to exchange your money or buying bitcoins using your money. Well I am not saying that it is risky because the capability of bitcoin is really great. Probably more wise if you will buy at low price.

if changing it at the right time it does not matter because it compromises it or buy bitcoin from your money when bitcoin price is not a problem because you will sell it when bitcoin rises, it is very risky if your money is changed to bitcoin at high price because it will there is a big loss because no one knows the price of bitcoin in the future although it is expected to always go up but that is not necessarily proven. keeping better than you careless without thinking and the results are not as expected .. do ya g best and choose after you learn or master what you choose ..

[jakaria005]

yes, it would be risky because there is no for that but sometimes taking risk is great.

[Jackblack90909]

Yes it is risky because the Bitcoin's price still volatile and we can't guarantee that it will be high forever. It can going down anytime. Also Bitcoin isn't yet supported by most marketplaces and governments around the world.

[Harley29]

yes it is always risky to invest all your money in trading or bitcoin ..

Well it's risky or nor not it’s something different he important thing is why would spend your all money to invest it’s not a good idea and I’m not agree with this even billionaire are not going to spend there all money and to be honest with you bitcoin is full of good qualities and starting investment with little amount of money it’s also one of the good quality so bitcoin is totally safe and sound for investments and start from little amount.

[VIDEOsecure2]

Yes, it is 100% risk. Never should invest all money in one side. Because it is not good indeed.

[Thymoty]

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

at risk, of course, all the things in this world is very risky, for now, only a decrease in price that I think is very risky, if security Bitcoin not in doubt again...

[JL421]

dont turn up everything its better to invest little money in bitcoin if you go all in amd the price
tends to fall the very next day what will you try investing your savings dont go all in

[ace4549]

NO, actually is a wise decision that put all your savings in bitcoin wherein they provide you easiest way to earn money.
Through the help of bitcoin they can assure you your investment is in the good hands and can generate a huge amount of return on investment in just short period of time.

[fruitspirit]

of course its risky. never put all your money in the same place. at least put some in ethereum because it has at least same potential as bitcoin right now (in my opinion). also ICOS can be a nice income if you pick them wisely and study them before you invest. but nothing is ever certain so follow the golden rule: invest only money you can afford to loose. right now i would not put ALL my money into any one thing.

[Tungsten-1]

If you say risky, of course risky. We all know how the risks of trading and investment use bitcoin. the risk occurs due to fluctuations in the very active bitcoin price which leads to a fairly high risk. However, if we want to use bitcoin, of course, we must be ready with all the risks.

It is indeed very much risky thing to do it is not at all a good choice to put all your fruit in one basket. In case something goes wrong, you will be left with nothing and there will be no other option left with you using which you can actually recover what all you lost. So, do invest in bitcoin but do not make such sort of decision which can put you in danger. You need to invest your money wisely, make some part of your saving as it is and invest rest of the money.

[Minnaja]

To keep all assets in one currency is very dangerous. If you invest in different coins, then you will have more chances to make a profit. This is the most important investment rule.

[Zigzagkuy]

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

Of course it's risky because bitcoins are so unstable. But it can be a huge advantage if bitcoin continues to soar. But I suggest you do not change all your money to bitcoin.