is it risky to turn all my money to bitcoins?

[Destroyeroff98]

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. I would not advise you to buy Bitcoins for all the money.
Although I'm sure that Bitcoin will increase in price, but you can stay for a while simply without money, if you invest everything.

[Golerm]

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.

Probably the best advice in this thread. I would never invest more than 50% of my money in a single asset, just in case something goes wrong.

[bitcoinvamp]

yeah it is insanely risky to turn all of the money into bitcoins. as bitcoin is highy volatile u don't know when its gonna drop and when its gonna rise . but could lead you to loss if you convert your whole money into bitcoins. instead you should covert some amount into bitcoins and let them in the wallet and whenever you see that the price has gone up you could again convert them into real money and save it the bank

[mx667]

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.

I think investing all your money into something is risky. But it also depend on the thing you invest. In this matter, Bitcoin is risky. Because the price of Bitcoin can dump and rise. We do not know how long the price will go down, and how long the price will rise. But if you invest in property such as house, you will not lose. Because the price of property like house will always increase and will not decrease.

So I guess I have made my decisions like this :

• I will invest 50% of my salary in Bitcoin
• The rest of 50% will go to my bank account to buy food and pay bills

So what do you guys think ? My salary is around $200 a month because I live in a third world country.

[Coin12]

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

I have been buying bitcoin with a sizeable amount. and the rest I buy for investment allcoin and ico. I had a lot of speculation, but it was worth the money I earned.

So wise if you can use your money like this. Split it into some different coin is very good strategy. And also use money that you can afford to lose.

[supandi wiharja]

I think it's very risky when someone spends his money to buy all the bitcoins.
We must have many different business branches not just focus on bitcoin, because if we suffer losses it will be covered with other business.
We can invest in bitcoin but not for everything.
Because i myself am a very careful person and do not want to take risks.

[star19]

I Thing it is a very risky to turn all money to bitcoin. Never put your all money in a one bag.

[Sadlife]

Nope it's not bitcoin already matured from volatility due to the increase of acceptance and adoption of other countries and merchants it is now considered as safe haven for investment. But if you dont know how cryto currencies work you should first take time ti learn before investing in something you dont know. Its better to first invest 50% of your money to see hiw it works then you go all out once you master it.

[rocketbits]

Sure,It has high risk.No one people do it,If anyone do it might be he has lost his scene. Bitcoin is a virtual currency.No one can surely said what will happen with bitcoin in future.so never try to invest all of your money into bitcoin.

I strongly disagree. I must say if someone get into this world then he might have been satisfied at his level about bitcoin that bitcoin will never die. What will happen to bitcoin, this is really a mystery but you can’t say that one have to be much sensitive about putting all investment in bitcoin. We all believe bitcoin will never die, so nothing remained unanswered.

[zais]

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.

if the problem of risk is definitely there. if I was better off holding real money security, more guarantee, because I was afraid of what happened to James Howells also happened to me

[pendekar cinta]

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

If you have the most powerful strategy to take the money into bitcoin is not a big deal later. But if you do not really understand about it do not ever be desperate first because the possibility of your chance to lose could have happened even the capital in use will not be left at all. Better to learn first in order to run well the job.

[wallstone]

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

Well of course. Every investment have their own risks. So don't invest all your money. You can start with a little amount and be careful to in using BTC. If you could see it's gaining profit, then add more investment. But still, you should keep some in the bank so even if some bad things happen, you are financially secured. You can also use some of your savings in other things like try to start a new business. In the end, whether you profit or not, you know that it still the best to play safe.

[Question123]

Ofcoarse its very risky yes we say  bitcoin price is good opportunity and possible your money will grow if you choose bitcoin. But if you want to take all your money in bitcoin is bad Idea brcaude what if price kf bitcoin decrease or die your money gone if that happen. Its better if you want to invest make sure invedt only you can afford to lose of the 50 percent of your money to prevent losing all your money.

[Peashooter]

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

Don't be a fool. That money in bank doesn't just sit there. If you're bored of your slow profit, you can try to invest some, but not all. There are many things you can invest to. Just be smart in money and you'll do well.

[yrreg ger]

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.

You are right if bitcoin is successful in the future but we can't predict what will happen, only speculation. The decision we can do is to earn a bitcoin than use a capital for investing. The earned bitcoin was use in investing or trading in this way we can avoid to lose money. That's true to put all money in bitcoin, another reason is bitcoin was banned in some countries and it is possible to the whole world.

[TheGodson]

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

This is a terrible terrible terrible idea. Diversification is key. It is better to have something than to be totally broke. I don't think bitcoin will collapse, but the possibility is still there. There are plenty of other things to invest in as well. There is a saying that goes "Don't put all your eggs in one basket". This applies here.

[krisnt80]

Bitcoin has already proved its value on the last years, soo it has some risk, but the potencial is bigger and the reward will be as well. Bitcoin is starting to be accepted worldwide, soo we are getting slowly int mainstream, and soon bitcoin will be used as store of value as well became the biggest investment option.

[kevinzxz]

it is not risky if you buy your money to invest in bitcoin because the bitcoin investment is very profitable, because bitcoin price is always increasing, which we need patience if bitcoin price according to wait until bitcoin price is normal again and increase. because the bitcoin price is very fast to return to normal again 

[Daniel91]

It depends on your personal situation and plans.
If you see bitcoin as a long-term investment, and you have a surplus of investment money, then it's definitely a good idea to invest in bitcoin.
If you do not have a surplus of investment funds, and you are a short-term investor then bitcoin is not for you.
Bitcoin has a very good profit potential but needs patience and time.

[HasHe]

Definitely,its a risky investment for turning all of your money in to bitcoins.Bitcoin price is highly unstable and its due to variation in demand for bitcoins.Instead,you could turn half of your money in to bitcoins.that would be safe.

However,some people who have thoroughly analyzed the concept of bitcoin and its previous price movements and find its future to be great,they just dare to invest all of their money in to bitcoins.It needs huge courage and also patience to see the expected results.

But for those who are new to this crypto world,its better to play a safe game.