is it risky to turn all my money to bitcoins?

[Fretcy]

Bitcoin is highly volatile so we cannot predict the value, bitcoin chart shows that there is a pump and dumb in the market if you are investing for long term then that would be a good option as there is high growth potential for bitcoins and I will not suggest anyone to invest all your money in bitcoins as it's highly risky, but in order to gain profits also you need to take risk so if you are ready to take the risk means then go for it buddy sometimes it might change your life for the better. Always keep in mind that investing half of the money is less risky than investing all your money like there should always be a second option if the first thought does not work.

[cramblimp]

Yes, other people take the risk, more risky, more money you can get. In fact, it depends upon you if you take the risk, then you deserved it. For me, don't turn all your money into bitcoins instead, just put a half of your money in bitcoin because your remaining money will be reserved for other purposes. Just in case.

[Gabrieelle]

Yes of course it is too risky because you're talking about a long term investment. When investing don't turn the money you can't afford to lose always put that in mind. You better think twice if it is going to be good because we can never tell the price of bitcoin because it is continuously fluctuating. You should divide your money in a way that it is going to be profitable for you.

[crustez00]

well, you should invest to bitcoin. but i think if you want to turn all of your money to bitcoin, it is highly risky. because bitcoin itself is volatile. Better to take 50% of your money to go on long term invest in bitcoin. 

[Valzzz005]

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

Yes it is pretty risky because you cannot say what will happen after you invest all of your money. It is all of your money, remember that, if you lose it, you have nothing left. So my advise, don't invest all of your money, instead invest like 20-30% of it because investing on bitcoins are going to be a long ride. But it is gonna be worth it I promise. You can even be a millionaire if the price of it rises tremendously like before and that is not impossible to happen.

[chichan13]

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

Yes, all investment have their respective risks. You should be cautious where you will put the use of your money. You can start investing a small amount and save the remaining. You can also try a small business. Just be sure that you still have enough savings in case of emergency. Bitcoins are not for short tempered people so play nice.

[Lancebellon]

For now, it is. Just keep a little Fiat and some of the cryptocurrencies. It will give you a win-win situation in the end.

[Nikola95]

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, everything is risky here. But it is better to try with this than to leave money in bank. 20-30 days ago there was BTC dump and price was around 3300$ . Now it is 4500. You could earn a lot with short term investment. About long term investment, I don't know. But everyone think BTC will worth a lot for few years to 10 years from now.

[Ammad1999]

BTCbitcoin is not a risky to turn all money to bitcoin currency,Bitcoin seems like a Gold Coin.

[Christian13]

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

Actually, you can simply say that its too risky because the price of bitcoin is volatile and there are time that value of bitcoin goes down so that it will result to low income. Furthermore, if you faith on bitcoin you must turn all your money into bitcoin because there is possibility that the price of bitcoin will goes up so that it will result to high income.

[Biggapp]

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. Bitcoin has good potencial, but no one knows how well it will go. A lot of regulation is still going to happen, and some countries might even consider it illegal, forcing you to use it underground if you really want to do it. I still say invest in it, but only invest what you can lose, if anything goes wrong in the process.

If the people are not having the knowledge about the bitcoin and they are not aware of the value about eth bitcoin that how to invest and where to invest then it is not so good to go at the first investment. First of all you will have to hold your bitcoin and then sell it at the high rate. The importance of the bitcoin is all about the investment.

[Betwrong]

Yes, It is highly risky.
Diversity your portfolio.
Maybe 10% in crypto is good.

No one should invest 100% of their money in anything, but why are you saying 10%? Can you name other good things to invest in? Bitcoin is the best investment option around imo and I don't think one should invest 10% in Bitcoin and then look for 9 other things as good as Bitcoin to invest. However hard you try you will hardly find so many such things because they simply don't exist. Maybe to diversify your investments is a good idea in general, but Bitcoin is an exception from general rule.

[Zadicar]

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 

You do have some points but this suggestion is really a very risky thing to do. We dont know on when bitcoin would last up and we cant be sure that its price would keeps increasing and increasing.We do know all investment do have risk this is why we should only put the amount that we can afford to lose on bitcoin investment.

[lady Royal]

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

Actually the money which sits in the bank is safe and if you have savings account you can earn some interest on monthly basis. But when you turn all of your money in Bitcoins you will always have a risk of losing your money. Price of Bitcoin is always increasing or decreasing, You can earn money too but there is also a risk of losing your money.

[xskl0]

do it! You know that is the right decision.


Just remember use a hardware wallet.

[kpcian]

every business decision must be composed of risk. without taking a risk, you don't expect anything special. you will gain what you have taken as a brave decision. so you have to set up your mind to take a potential risk then you must be financially benefitted. but Bitcoin will not betray you.

[RubyM]

I think its very risky to put all your money into bitcoin since you will never determine where the value might end. Diversify with some othet coins and you might end up winning both sides.

[bozo333]

every business decision must be composed of risk. without taking a risk, you don't expect anything special. you will gain what you have taken as a brave decision. so you have to set up your mind to take a potential risk then you must be financially benefitted. but Bitcoin will not betray you.

Yeah, it's a risk to put you all money for the business. So care full to more the process and invest the money. I need to invest you will know the bitcoin and business process and how to handle it ya important for the future growth. If invest 50% you will put you save 50% money for the your saving. It looses it will help you so care to handle the full process.

[syntac]

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

Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful.

[equator]

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

Yes it is all very risky. I advise you, better allocate 40% of the money you have for bitcoin and the rest for others. May be useful.

Ya it is always good to not keep all funds in one investment let it be bitcoin also, so it is better to invest in multi investments so that if any investment goes wrong others can be saved.