is it risky to turn all my money to bitcoins?

[Hobo66]

I would say no, I would not put all my eggs in one basket
the basket can fell and we lose all, Investing a fraction of money in bitcoin will
be fine. Its up to you if you would do so such a thing investing all your money, if you fell comfortable with it.

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[geegaw]

I would say no, I would not put all my eggs in one basket
the basket can fell and we lose all, Investing a fraction of money in bitcoin will
be fine. Its up to you if you would do so such a thing investing all your money, if you fell comfortable with it.

First, I agree with you not to put all the money in one place, if the bad situation happens, we will probably lose everything, this is the first rule I learned when I wanted to participate in investing. But bitcoin is really a very good investment, we can see its profitability and potential in the future, it still has a long way to go, and put all the money into Bitcoin, I think that's a pretty good decision although I know it is risky but I think it is pretty low, we can get a bigger profit ever with Bitcoin, opportunities only come to us once or twice in life, we should take advantage of this opportunity well, should not be afraid of risk and deny this good opportunity.

[Alok_Yadav]

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

Invest what you can afford and you can survive even if that all would lost if you are thinking for safe side.

[Sithara007]

I think it's very risky. I would turn some money into bitkoyn, and spend the other money on tasty food, clothes and rest. and suddenly you forget the password for your wallet?

Believe it or not. This happens quite often and sometimes people lose more than $100,000 worth of coins because of this silly mistake. And forgetting your password is not the only risk involved. There can be others, such as some hacker stealing your coins, and 2FA getting lost. We should be very careful while storing Bitcoins. Because now it is very valuable.

[Sithara007]

I think it's very risky. I would turn some money into bitkoyn, and spend the other money on tasty food, clothes and rest. and suddenly you forget the password for your wallet?

Believe it or not. This happens quite often and sometimes people lose more than $100,000 worth of coins because of this silly mistake. And forgetting your password is not the only risk involved. There can be others, such as some hacker stealing your coins, and 2FA getting lost. We should be very careful while storing Bitcoins. Because now it is very valuable.

[CrowdFunder]

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

Looks like you would have done great doing it, but yes it is definitely an extremely risky thing to do now because we never know when bitcoin is going to crash. Even if you believe in it long term and it continues its trend of going up you never know what will happen in the future.

[omorfi]

yes it is very risky. I think you should invest some of your money to btc but not all of your money because bitcoin is losing its uptrend and it will be a long term run not quickly so save some money for other investments.

[campica]

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

For me it's definitely high risk investment. Maybe if you did it 2013 when price was dropped from 1000$ to around 400$ , because there was a good chance that price will goes up to 1000$ again.
Today when price is 16 000$ it's seems pretty risky to invest all money. I have good saving on bank too I getting only 2,5% interest per year , but there are no risk for losing that , and I will never invest that money in something like bitcoin. Because I can lose it all.

So for my opinion invest only amount that if you lose all , you can live with it.

[JJack@]

Absolutely, please have a look at the daily/ weekly chart. This chart has been overextended for the longest time, even though there is so much hype atm around BTC a lot of people are expecting a correction. I wouldnt buy in at these prices.

Sidenote: Everyone thought 10k would be a big resistance and we would have gotten a correction but here we are at 16k now. It is difficult to give good advice on this. But I wouldnt touch this now.

[hahay]

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

If you can, then do it. Saving money on bitcoin will definitely be profitable in the long term. But if you expect quick profits in a short time, then you better not to put your money in bitcoin.

[Kamote_1102]

Yes it is. it's not a good idea for someone to invest all their money in one place or business. you must have the benefit of the doubt. because not all businesses were successful at the beginning. you should keep something just in case worst scenario happens. it's better to be cautious than to invest it all. try to invest first a small amount and when you saw it was successful, then invest some again. you can invest in other business. so do not invest all your money in bitcoin. save some for yourself.

[Ponzi Shame]

I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value..

[PossibilityMiner]

Just having a good chunk of your money 'sitting in the bank' at some dumpster tier interest rate is 'risky' if you want to have a comfortable retirement someday.  At the very least you should be diversified and have some money in say the stock market which returns about 10% on average.

Personally I would take the opportunity to invest in crypto as I think the risk is worth the reward.  Putting all your money in one coin, even bitcoin may not be wise.  Diversification in all things.

[gundala]

its very risky,only invest what u can lose!u wont lose all ur money,bitc can crash to a few dollars again.
bitcoin is bubble when it burst u maybe gonna lose all ur money.

that's right, too risky to use all the money on one type of investment, not just bitcoin, but also for altcoin. it's because cryptocurrency is so volatile, now of high value, it could be tomorrow worthless.
it would be better if the investment is divided, so when the loss on one coin, there is still a reserve.

[uDwcHYO]

too much hype around the crypto currency leads to too rapid growth, and not very good for the stability of the coin rate

[Bowly88]

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 because bitcoins are volatile and that is mot always positive even if you be optimistic about it the reality is bitcoins have a chance tobfade and they can be like a bubble then they will explode or in other words go in a huge fall price so if you put all you money in that you might lose a lot money too. So my advice is do not stick into one coin if you wanted in a crypto investment there are a lot of coins so learn to diversify you money because you need to have plan b if plan a doesn't work you need to think of all those possible outcomes

[charlemagne_15]

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

Of course it is risky to turn all your money to bitcoin but you can also consider it as a smart move for you to have your money growing more. If ever you will turn all your money to bitcoin, there's a possibility that the money you've had will fall or rise. Right now, there are more pumps than dumps so it can be a good idea if you will turn all your money to bitcoin at this kind of situation.

[bestbiz9]

Dont turn all your money in to bitcoin it is too risky to invest all in, in bitcoin but if you made the right decision and invest to bitcoin you will get your money back in no time because bitcoin keeps higher and higher in terms of value in short period of time.

[Troysen]

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

Dont ever do that, there are thousands of altcoins you can put percent of your money, dont rely on bitcoins try to spread your investments from others so if the bitcoin crash, the losses wont hurt that much.

[bojanstef]

Unless you're ~12 years old, living with your parents, and all your money is a total of $100. I'd say exactly what jonathan said. Bitcoin is volatile, and most of the world still operates on standard fiat currency.

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 to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.