is it risky to turn all my money to bitcoins?

[warning_btc]

Its most stupid way invest all your moneys into bitcoin, not only bitcoin invest in crypto also.
We dont know what wil be with this market tommorow, all crypto can be go to the zeroprice. But if you have plan for this way you can invest all what you have

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[keroykeroy]

There is risky situation if you turn your money in to bitcoin. Well, if you don't use it proper and not nicest way it will waste your bitcoin. Be sure it will be invested in good people that is legit.

[ciubix2]

It is like on trade market - invest all into a volatile active only if the price limit have not been achieved. So, we can make another topic - have Bitcoin touched its limit?

[darrly]

Its really risky. Because we are still in the time where fiat system reigns. Maybe start small then increment slowly in buying bitcoin. Don't put everything in bitcoin. We cant be cettain about its future. Too many factors that needs to he considered for it to be successful. But i think it is worth investing to just dont use all your resources.

[MarySher]

Yes, because of the volatility. Be careful and only invest what you could miss in normal life.

[Xccute]

It's not recommended to put all your money in bitcoins to reduce the risk investing in stocks or saving your money in the bank is also a good choice. Don't put all your sugar in one cup coffee

[BobbyZounours]

The rule of trading states, Invest only that much that you can afford to loose. So yes, definitely its risky, as crypto is a highly volatile market unlike  fiat currency. Our fiat currency is something we can trust, the money we own is what we will have with us. Even if it doesn't increase we can be assured it wouldn't even decrease.

[Pakhi22]

Yes it's risky to invest your all money in bitcoin. because crypto is a highly volatile market any time you will loss your all money. but if you have free money then you can buy some bitcoin.

[bad_apple]

Yes indeed it is risky. Given the fact that bitcoin is done online thru internet, there are many hackers (black hats) waiting for your wallet to be filled and then boom! All of your investments are gone! That's why there's a warning that you should always withdraw the coins in your crypto wallet to avoid severe issues such as massive loss of money. You can turn some of your money into bitcoin, but make sure to trade it in days but not so much long before it's too late to know that your money is gone.

[farhan28]

I think it is risky to turn all money to bitcoin... because when Bitcoin price is down, at that time all your price will be be decrease & sometime you won't find the same amount again...

[tycsols]

Yes, it will be risky, diversify in atleast top 5 cryptos, but yes btc alone can be lucrative once it resolves its scalability issues.

[BadGuy1945]

It's least risky to turn all your money into bitcoin.Still there remains some question for bitcoins are not legal in most of the countries.So,you may face difficulties as long as it gain legality.But bitcoin will give you a huge number of advantages that may overcome it's dark side and go a long way.You can hold bitcoin,(it's price is raising rapidly),exchage it from any corner of the world without expressing your identity,can trade though it and even you can do shopping in online etc etc.My suggestion is you can turn most of your money into bitcoin but keep a little amount of money with you only to avoid unexpected situations.Best of luck./b]

[lordpidey]

It is very risky to turn all your money into bitcoin because if bitcoin goes in a dip then you will lose all your money that is why it is smarter to invest just 30 to 50% in bitcoin and if you make profit with that you invest more.

[BitNaija]

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

It is like putting all your eggs in one basket. Very risky to do that. Although you can decide to risk it for 24 hours. If the price goes up, you withdraw this extras.

[hotcoin1234]

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

I think that you should not throw all your money into bitcoin even we know that it has 99.9% it will rise however there is still a very slim chance of 0.1 that it will drop instead of rise. I was a forex trader from the start and i got some free time so i started to come into bitcoin to learn on this and i once read before you should only trade those money you afford to lose rather than your whole assets.

[RaphB]

It is risky. But, what is your expectation about your money? You want them to sit there and lose value?

Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.

[jakeartuz]

keep buying btc but never put all your eggs in 1 basket mate 

[angeandr]

Yes it is very risky because bitcoin is volatile. You should invest your extra money.

[RoccoSiffredi]

It is extremely risky. In the past I had put all my money in Gold and the gold's price tanked. Even Gold can be dangerous, even though it cannot disappear. Bitcoin, on the other side, can disappear. It just exists if its networks exists, and there are a lot of things I can think at which could jeopardize its existence.

[Arthoerra]

Should not. Don't invest all your money on bitcoins unless you are fully prepared for the risks you will bear.