is it risky to turn all my money to bitcoins?

[DiscretePatriot]

A lot of people here have warned you of the possible risk and I would like to add that even if so many people trust and buy Bitcoin, it doesn't mean that it will never crash or experience any major problems that might potentially cost you your investment if you go all in.

[1714963106]

1714963106

[Polipog]

Don't put all your money into bitcoin investment, just only put only few amounts.
Bitcoin sometimes we can say that it is risky because of the price movement. When you put or turn your money all to bitcoin, im sure you gain, but you must have a long patience, because sometimes price will up and down, bitcoin risk is on what the price moving.

[Sunyoto]

for you want to convert  money into bitcoin is also a high risk, but if you can control that risk, you will get better results because bitcoin price every day is always up. It is very good for you, than you invest in the bank, because income in banks is very low, compared with bitcoin.

[patz22]

Whatever you do there's a risk, especially when money comes in but when it comes to bitcoin for sure your money will grow. Currently, it is hard to see if bitcoin will go down/up that's why in my own opinion it would be better to invest in altcoins based on the trend in the past few days. You may pick for like 2-3 coins, read articles on which is a good investment,  comments from known people but make sure to make a good decision,your own decision so that you will not regret it IF in case that it will not work.

[X2PR8888]

It's definitely risky to turn all of your money into bitcoins.  You know how the value of bitcoins changes every minute or hour and this volatility makes it hard to rely on it 100%.  You cannot rely on something that volatile edpecially if you have other things tonworry about like living! I recommend you put in only the amount that you are comfortable with not seeing in its actuality (not being able to touch it).  Put in an amount you're comfortable with being just out there, circulating in the world of cryptocurrencies so that you have money to spend on the essentials of life: food, mortgage, utilities, travel, and other things which matter to yoi.  So don't gamble wverything you've got, it does not work that way with bitcoins!

[valentinen39]

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

Yes it is very risky to turn all your money to bitcoins because you will never know when the value will increase or decrease. The best thing to do is always look at the news and read different speculations in order for you to build up your own idea on how to react on different situations.

[DarLim11]

Bitcoin certainly is risky, you are like gambling your money if you put it all in. Bitcoin is beyond your control we control how it grows and continually grow, its value can suddenly depreciate.

The best option is always to diversify your funds. It is the best way to prevent losing all of your money. And your money can also grow in other investments

[donalfonso]

A very important rule when investing. never put all your eggs in one basket.This is an age old rule or theory that has always been proven right, no matter how astronomical bitcoin is rising now or in the future. it is always a good thing to spread your investments

[raypinch]

If you don't risk, you won't have a chance to be better than others, so yes my recommendation is to to risk everything !

[cybersofts]

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

Yeah, it is very risky to put all your money into bitcoin, there might be a very huge risk involved because the bitcoin and cryptocurrency market is unpredictable. You should invest half of your money in to the market and taste waters and if you feel you need to add more money to it then you should.

[Christian13]

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

 i don't think that it is wise to invest all your money in bitcoin. Bitcoin is really volatile, it will not be always running on the positive side.It can affect your personal life and you may get stuck without money.I just have a single opinion, think wisely before you put your money in bitcoin. All of us know bitcoin is pretty risky.

[Emerge]

I don't say it is risky, but try to invest only that part of money you can afford to lose.

[sino22]

I don't say it is risky, but try to invest only that part of money you can afford to lose.

instead of bitcoin is risky yes, so we have to be careful in the transaction and manage our bitcoin ourselves, because hackers are now increasingly rampant, to the extent that we are difficult to watch him.

[derdgzmn30]

Yes. Too risky.

[blue_dragon]

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

Yeas, bitcoin is very risky. But it will depends on you if you will be a smart one that can handle your situation and have a useful information about investing to bitcoin.

[infposs]

There is no doubt that you put all you money in bitcoin. That will make you care so much on loss. Hope this will help..

[Janation]

If you don't risk, you won't have a chance to be better than others, so yes my recommendation is to to risk everything !

But even bitcoin is having a pump now and then, I think you don't need to immediately turn all your money into bitcoin. You can always monitor the price first so you can know when to turn your bitcoin with less risk. Well waiting for the low price of bitcoin in that time is the right move but who knows how low it will go since it is unpredictable. Better set a goal in buying them just like on selling them.

[Meowth05]

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

It definitly risky but remember the more risk you take the more profit you will get. However, before you put all of your money think twice and be wise on your decision because one mistake could lead into your loss. I think if you are hesitating then you should try to diverse your money into half. Life is full of risk and all we need to do is try our best and make our best decision in order to overcome those risk.

[lhea056]

If you convert all of your money yes it is risky always save money for yourself and if you are going to risk all  of your money well what will you use for your daily needs . If you are going to convert your money just convert spare money so if you converted your bitcoin and price dumps it will not hurt you a lot but don't convert it again when bitcoin dumps don't get panic just go with the flow and wait and see and before you convert or enter bitcoin make sure that you have enough knowledge about bitcoin and know its characteristics because bitcoin increase price rapidly which people invest in it . Always remember when converting bitcoin you have to study its graph chart on how it flow so you will know when to convert so you can get profit from it . Take note don't get panic easily .

[heureca]

The best way is to invest in 10-20 perspective criptocurrencies. BTC is good but you will have more stable portfolio with different coins