is it risky to turn all my money to bitcoins?

[fransbenotius]

if bitcoin used as a payment it will be loss, but if bitcoin for savings, its very good and profitable

[engrdaver]

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

Although Bitcoin is in its peak and maybe getting higher in its value, it is still risky to turn all your money into Bitcoins. While its true that keeping your money in the bank will probably get you 3% returns in a year compared to Bitcoin which can give you 10 times the return in a short amount of time, it is still not a good decision to do so. Bitcoin is still tricky and we don't know if it can go on for how long. So I suggest you spend only what you can spare.

[darrly]

Yes its risky. Its risky even if you only have small amount in bitcoin. Risk is a part of investing in cryptocurrencies. You cant always be guaranteed about its security. Just be observant and be careful when dealing transactions in  cryptocurrencies.

[Creepings]

if bitcoin used as a payment it will be loss, but if bitcoin for savings, its very good and profitable

Why will it be loss? I think it is good for digital currencies to also circulate in the network. If bitcoin is just being at hold by whales and other people below them, I think the price will really fall down. If there are easy ways to earn bitcoin, the demand will increase, that will be directly proportional to the bitcoin price and not only that, it will also attract more users making a pump in the price.

[Innocant]

If I think it would be risky to turn all your money into bitcoin. Bitcoin is currently stable and always has a high price, but we can not predict the future for this crypto currency, nor the price. Bitcoin can be used and traded for years for sure, but the price is unstable or it can go down anytime.

If turn you money into bitcoin maybe you should be ready about that happen because their sometimes the bitcoin will going to increase the value and also decreasing the value. But don't worry about that we know you can earn some profit in bitcoin if you will never to surrender on that just try to experience in working on cryptocurrency.

[Ayanamirs]

The risk is put all your money in govt paper.

[CurtisNDavis]

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

you can loss it but every time can cash out your bitcoin and get real money.
try to make your money into many parties.

[gigatux]

base on my own experience I think it is a bit risky to turn over all your money to bitcoin since bitcoin is becoming unstable. I think you should atleast give yourself a credit or a chance to enjoy your money. and also you should hide money in your bank accounts so it will also increase due to its interest rate.

[Jose Mourinho]

If we place eggs in one place then the place fell off of course all the eggs will break, just like money, put all the money into bitcoin is too risky so it will make us stress if loss.

[drexie19]

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

Every act is risky if it's about money. But in that case, "all of your money" it is surely high risk. You dont need to spend more money in order to get a bitcoin. There have many ways stated or talked here in bicointalk that may help you to gain bitcoin. Just read and you will learn. Ask you will learn. And if you learned, share-it.

[neite99]

Well to turn all into btc would be a very risky investment, probably in long term you would make money but at the same time you could lose everything in this uncertainty.

[alonrono]

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

Yes!.
I think you need to putt what you can afford losing, because Bitcoin is still a risk.

[9jaflick]

It's very risking for not taking a risk and it more risking for taking a risk, life is all about risk.
Let your instincts direct you!

[loengrinm]

Certainly it is very risky to invest all money in bitcoins. You should invest 20-30 % of total income and try to diversify in alt coins as well.

[weblaraveluser]

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

Yes it was very risky. There is always risk in every investment that you did so always analyze the situation before investing on a certain coin, not every day is the best time to invest and not all the coins do really have the potential to grow its value so always think before selling or buying a specific coin.

[Akupuniard]

It's not risky, it's stupid to spend everything without backup, cause you never know what gonna happen tomorrow. At my opinion much better to invest a part of your goods into bitcoin and save other part for depreciation.

[Jexjatto]

I think it's risky and not a good business idea, because having all your money in cryptocurrency means you dont have your money in FIAT mode, meaning you can't have a declaration of what you really have, cryptocurrency markets fall and rise at will.

[Sean25pogi]

yes, it is too risky because we are not sure if the price of it may increase faster or maybe the price is always stable. In investing your money in bitcoin always remember."invest what you can afford to lose".

[jazmuzika217]

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

Yes it is! I strongly suggest that you may invest the amount that you can afford to lose. Or you may want to participate in trading. In trading you can generate profit fast unlike holding bitcoin. Holding bitcoin is so risky you didnt know when it is going up or down. In trading you can use trading tools like reading graphs and using trading tools like tradingview.com you can fairly predict that prices and you can also determine which coin is going to pump or dump.

[cryptojoe]

Yes it is very risky, you can loose all your money.