is it risky to turn all my money to bitcoins?

[malikusama]

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

To put all of your eggs in one basket is always risky and you should not do that. Although risk involves in every business but try to minimize your risk before doing a business. Bitcoin is no doubt the best investment to earn huge profit but we can't deny the fact that it is unpredictable having high volatile price. Invest in bitcoin but don't put all of your savings in it, be on the safe side.

[ajmapalo22]

Yes it is risky putting all your money into bitcoin because you cannot tell what's gonna happen tomorrow bitcoin is so unpredictable today it has a good value but you may become surprise tomorrow it no longer have the price it has today and may suddenly crash and lose its value..so better safe and do not put everything you have in a risky situation

[maman09]

exactly, friends have expressed different opinions and different angles. Now it depends on you, what you will do and you plan. I just remind you, you should always learn everything thoroughly. so you do not get a loss that is not in want.

[susila_bai]

Ya not only bitcoins but it is always risky to turn all money to any one investment because tomorrow if it goes dead then you are also dead. So it is always good to split the investment and invest it. Which is good for all investors.

[Skieleton]

I would not do it. Unless in your country you are able to pay for everything Bitco. In Poland it is not possible.

[PacePay]

Definitely yes! It is very risky but it is still up to you if you are a risk taker then go. But for me, I won't going to do that, just remember the phrase "Only invest what you can afford to lose".

Indeed very risky but looking at the value of bitcoin, it's really surging and looks pretty fine. If only i got enough money, i would invest in trading too and willing to take the risk because i think bitcoin is a long term cryptocurrency.

There is only one person who can make the best decision regarding putting all the money at one place or splitting it and that person is none other than the one who owns that money. In my opinion, it is indeed very much risky for the one who don’t know much about bitcoin to invest his whole earning into bitcoin. You can invest all in bitcoin when you are confident enough that you will not suffer any loss.

[ClvrGmr]

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

Ofcourse it is. Putting all your money in bitcoin is a one shot decision. If fortunate you can double it but more or less it will just go to waste. Why is it recommended to invest to many things? It is because if one of it will fail to succeed you won't be losing everything. Unlike what you want investing everything to bitcoin may lead to success but most likely it has a higher chance of failing.

[chesthing]

btc just climbed 10x over a short period and is near it's ath. No, this is not the time to go all in.

[Markzuckertion]

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

I think it is so risky, we still can not find merchant who accept bitcoin in our town. But there are many in american continent.  But if you brave and take the risk you will be rich man in the future

[crypto4lambo]

Of course it is risky. As the saying gies do not put all the eggs in ine basket. Learn to diversify my friend. There are so many opportunities to earn, Just look for something that suit your way of investing. It is always smart thing to learn how to maximize your earning, but always proceed with caution. It is your hard earned money so invest it wisely.

[Ziomuro27]

Of course it is. Turning all your money without thinking first will lead you to a risky way because we don't know yet when bitcoin will increase and decrease of it's value sometimes it decrease a lot so be careful. If you wanted to invest something give your self a time or be patient this will help you to make your bitcoin money increase and when that happen buy the things that you wanted and give yourself a time to make a decision on where you will use it .

[Gabz999]

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

Yes ! In crypto currency theres always risk but if you are a risk taker you can go all in. The golden rule here is "Invest what you can afford to loose" so be it, if you can afford to loose it.

[Sithara007]

btc just climbed 10x over a short period and is near it's ath. No, this is not the time to go all in.

Not 10x. It climbed 20x during the past 1.5 years. And my biggest worry is that we haven't witnessed a major correction since then. So either the demand is so strong that a correction will not occur, or a very sharp correction is going to occur sometime soon. I can't predict which one of these scenarios are going to happen in the near future.

[cpfreeplz]

I wouldn't exactly convert everything to bitcoins because if you have an emergency and you need to spend money you don't want to find a plumber or electrician that accepts bitcoins in your area (and is licenced / has good reviews).

[bololord]

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

Yes it's so risky to invest all your money in bitcoin but if you have a faith and trust to bitcoin i'll sure that you'll get a lot of profit someday becuase when you see the value of bitcoin is totally increasing and bumping up so just believe to bitcoin.

[naocb]

many friends ask me wether purchase bitcoin now, and i always tell them to start dollar cost averaging. extreme volatility is friend of long-term investor...
putting all money into something at one time is definitely gambling. good luck

[pecson134]

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

In my opinion I think it is better that you invest just a part of your money on bitcoins and observe if you are profiting from it. There will always be a risk on everything you do when it comes to money or the likes but it depends on what action you will take. Just like in trading it does impose a higher treat than others but it does give you a much larger profit in return if you were successful enough.

[wolfracer]

If you live in a country with a currency in constant devaluation, really isn't anything risky, otherwise, it would be the option most logical and prudent you would take.

[pragna]

Actually all things in a house is always risky. No need to do this i think though is has a bright future. It may hack then you will lose every investment. Good and bad people in everywhere. So you can invest a risk free amount that you can bear.

[oegarod]

If you live in a country with a currency in constant devaluation, really isn't anything risky, otherwise, it would be the option most logical and prudent you would take.

Investing everything into bitcoin is something risky, because nothing is assured for tomorrow. Issues arise quite often and to overcome the same people need a stability, when everything is invested into it sometimes can't overcome. So it's good to diversify even if the devaluation of the currency happens.