is it risky to turn all my money to bitcoins?

[doblok]

I think it's good if some of my money is made a bit but we have to be ready to take the risk but for now it is not a problem because I am sure the value will go up well and hopefully later what I do succeed and will be good luck

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[longskie0327]

Yes, it is too risky to turn all your money to bitcoin if the prices drop your money also will be in danger of losing.. so better keep coin update from time to time in the market or in exchange.so that when it gets high you'll a chance of redeeming it, and encash it so you will get your profit.

[Wayan_Pedjeng]

Normal logic does not apply with Bitcoins. So I am not going to say that it is risky to invest all your money in a single volatile asset. Also, those who have taken the risk by investing in Bitcoins in the past have received good returns from it.

[MarySher]

Yes it is. I think all investments have risks but for turn all you money its to greedy and how you can buy something without money.
So better invest only for what you can afford to loose or you will regret, nobody can predict what is going to happen crypto currency.

[mekie]

Most certainly. Have you never heard the saying "don't keep all your eggs in one basket"? spread your money around Bitcoin has a place in a well planned portfolio of investments.

[BitcoinManiak]

Yeah mate, it is risky as hell. But there are people who do that. For example, there is a man from the Netherlands who sold his house and bought bitcoins. Now he leaves somewhere in Asia with his wife and kids in a tent    I hope he has a good wallet 

[nelsmining]

Yes but it is risky to put all money into any one thing. Always diversify and you will be on the winning side long term. You may get rich in one thing but more likely you will remain about the same or be less wealthy than before you started.

[Marry Finch]

At the moment, I think that investing in the bitcoin of all your money is the most extreme investment that you can only make. Bitcoin is not perfect yet. The main problems of bitcoin are high commissions and falling speed of transfers. The network bandwidth is limited by the "block size" - the memory that stores the transaction records. Because of this, the Crypto currency is illiquid and investments in it become too risky.

[josephpogi]

For me, yes. because even though bitcoin's value is continuously rising, it is not certain whether this increase will keep on going. ever investment holds some kind of risk and bitcoin is no exception to this. and as a responsible and wise investor, it is suggested that you do not invest all of your resources on the business.

[ICO BLOG]

Yes it's too volatile and do not forget emergency

[echo11]

exactly, friends have expressed different opinions and different angles. Now it depends on you, what you will do and you plan. I just remind you, you should always learn everything thoroughly. so you do not get a loss that is not in want.

[LindaFallar]

I think it is really risky to turn all our money to bitcoins. We just invest and roll out a little amount of our money at first. Because it's to painful if our money will be just like a bubble and turns into nothing. Bitcoins can do everything just to make people/user be comfortable in any transactions. And for this, I think it is not a reason why should people turn all their money into bitcoins.

[azizsatrasia68]

It's obviously very risky. If you have a lot of money and want to invest in bitcoin, you must be careful in determining the amount of money to be invested. If all your money is invested, you might as well entrust your life to someone else. Lucky if the investment is trustworthy, otherwise you will bear it for your own loss.
If all your money is converted into bitcoin, how can you meet your needs that can not use bitcoin payments?

[triettman]

Many hackers are busy with BTC so the chance of you losing everything is high. And if BTC will become illegal. So if i were you i should keep a save amount of money on your bank.

[delarossa]

If the problem is like this, likened to put all the eggs that have been purchased in one basket. if an accident occurs, then the egg basket is dropped and consequently all the eggs become broken. So it's better your money is saved in other currencies as well, like Ethereum. if only the bitcoin price was falling but the price of ethereum was rising sharply. That's better than you lose it all.

[Milletsky]

Yes its true, invest only what you can afford to loss and also not to put all the eggs in one basket only. Diversification is the key to success.

[Sithara007]

Yes its true, invest only what you can afford to loss and also not to put all the eggs in one basket only. Diversification is the key to success.

Diversification is not needed, if you are investing in a low risk asset such as the United States Treasury Bonds or bullion. But in case you are investing in a high risk asset such as Bitcoin (or in altcoins such as Ethereum or Ripple), then I would advise you to diversify your portfolio. But we should still remember the fact that those who had made their investment in Bitcoin has immensely profited from it till now.

[koyo12]

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

Yes it's too risky to turn all your money to bitcoin. Invest in bitcoin but save some of your money.

[Deubila]

When we accept to invest money in a market or project, we must take risks. That is obvious. But in my opinion this is a market full of potential so you can take the investment. Sometimes you want to get rich, you have to accept the risk

[Henrobakkara]

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

when you invest on bitcoin and the price dump. u will know the risk dude