is it risky to turn all my money to bitcoins?

[Rozita]

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

I think this is risky. Actually not because we put a lot of money into bitcoin then become a risk But when we convert our money to bitcoin, it's already at risk. Because this is the same as we are trading. In trading, there will be two possibilities of profit or loss.

If any one read my past posts, understands that I really believe in bitcoin and I know it as one of best investments. But for sure it is really risky to turn all the money to bitcoin or any other asset.

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[reymartH]

You can invest in bitcoin, but not all your money.  Bitcoins aren't a stable super-liquid currency. They are a volatile investment that will go up and/or down a lot over time. I would not recommend investing more than 30% of your savings in Bitcoin unless you have steel balls and you know exactly what are you doing. Most investors in Bitcoin are tech-savvy people and fintech professionals. If you’re not one of them, try something more accessible first (like gold or stocks).

[yana0901]

Inlaying all money is not needed. I think better at first to try, and then slowly to inlay. Simply if he will collapse, will be very offensive!

[bitcoinVPSD]

Not safe. I think it's not appropriate at the moment. Its value is not stable. You are choosing high risk. I advise you to choose a safer solution. There are still a lot of ways for you to get bitcoin. You should be patient and hoard it slowly. I think it's safer for you

[Arumi.Bilqis]

this is good but also please understand first because we have to understand how the right time if you want to change our money into bitcoinn and we must understand the condition that we better buy when bitcoin down and sell it when bitcoin has a high price

[doblok]

it is necessary to think long and do not get the wrong prediction because this is for me very risky but we must have a strong mentality and need to know the price develop so be able to determine the right time to change our money into bitcoin.

[EmJay]

You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.

 You are correct, it is really risky to turn all your money into bitcoin which is a cryptocurrency. When we say cryptocurrency it is volatile. The price or the value of the coins are not fixed or stable. You may earn big time or you may loss all your money. So if I were you, invest but not all your money. If you want to invest then buy at the cheap price and sell ot when it pumps. At the end of the day it is your decision that matters but you must be careful in investing into something which involves money.

[SmarterCrypto]

Hi,

betting everything on one horse, is always dangerous…and to high volatile, unstable assets even more.
That is valid for stocks, bonds and any other investment.

If you have experience in trading, you can wait for certain technical aspects to develop (currently, we are approaching 200MA, which can act as support... ), but even in high developed markets, it’s very difficult to achieve stable long term results also with the best setups.
 
If you want to invest, you shall rather look for a diversified portfolio with a well defined, tested strategy behind.

[GentelMe]

Yes it's a highly risky thing because nothing is garanteed in cryptocurrency

[DoublerHunter]

You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.

 You are correct, it is really risky to turn all your money into bitcoin which is a cryptocurrency. When we say cryptocurrency it is volatile. The price or the value of the coins are not fixed or stable. You may earn big time or you may loss all your money. So if I were you, invest but not all your money. If you want to invest then buy at the cheap price and sell ot when it pumps. At the end of the day it is your decision that matters but you must be careful in investing into something which involves money.

Even though you are investing big amounts of money in the cryptocurrencies then you must apply the diversification process which is where you will be dealing to minimize the risk of your investment so even though the market will have a bad correction like happening right now, then you don't need to worry because you still have got some altcoins to earn.

[wilburwilbur]

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

there's always a risk in investing, anyhow invest only money that you can afford to live without it,
let's have an example
let's say you have 2500$ all in all
and you invest it all on btc
then the btc is crashing down (like now)
and you suddenly need money, your 2500 became 1800$
but you need 2000$
you know what I mean? only invest money you can afford to live wiThout it for many reasons =)

[azisdoank]

i think that's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank and it is not a wise thing if you will turn everything , all your money to bitcoin.  Where will you get money to buy foods and other necessities.  Also where you will get to pay your bills.  But if you will invest everything and you invest it before, then surely, you have a brighter future.

[mkettler]

Yes, that would be horrible judgment. Take a note from people who have been making money in other, comparable investments models since investing was a thing - diversify. That doesn't mean you can't have a substantial amount in crypto/bitcoin, but to put all of your money in ANY single thing is just a bad strategy. We can't entirely use past results to count on future outcomes, that's why people got screwed in the dotcom bubble, in the housing bubble, in the tulip mania bubble for crying out loud. I personally have substantial crypto holdings and think that there is a great amount of additional profits to be realized, but you should always hedge your bets.

Well if diversify into safer investments in cryptocurrency then I don’t see an issue with going all in

[Doge dealer]

It is not risky its a matter of diversifying your portfolio , bitcoins is still very much volatile (which is a good thing in my opinion)and as such the price will not remain stable so it makes sense to keep some cash that you may require for the medium term as investments generally perform better over the long term , bitcoins is  definitely a tool of the future and as such the only risk would be if the world were to end and given such an occurrence u would not need it anyhow , so invest away.

[xDsoGood]

Yes it will be risky if you turn all your money into bitcoin. Many people says that investing is too risky if you put all your money in it. Instead of gaining profit you might have losses because in investing it's hard to predict when the price will go up or go down. but if your a good analyst or your good at observing things you may have a future in investing in bitcoin. but I suggest not to put all the money you in it, because bitcoin is unpredictable.

[cposeidon]

Of course it is especially if you dont know anything about investing. You should first fully educate yourself before making steps that would bring you down. Then if you became a fully educated man you will then think that splitting the funds is a thing to consider and not to put all your money into it.

[Crash21]

It is always risky to invest money on something but when you investing in bitcoin be sure that your chanses to lose a lot will be doubled. I am not sure it is necessary for you.

[Konthol Ngaceng]

Yes, that would be horrible judgment. Take a note from people who have been making money in other, comparable investments models since investing was a thing - diversify. That doesn't mean you can't have a substantial amount in crypto/bitcoin, but to put all of your money in ANY single thing is just a bad strategy. We can't entirely use past results to count on future outcomes, that's why people got screwed in the dotcom bubble, in the housing bubble, in the tulip mania bubble for crying out loud. I personally have substantial crypto holdings and think that there is a great amount of additional profits to be realized, but you should always hedge your bets.

Well if diversify into safer investments in cryptocurrency then I don’t see an issue with going all in

Basically there is no safe investment and guarantee 100% profit, all things can change and I think this depends on our intentions, if we dare to take risks of course investment in cryptocurrency is very promising.

[Nana99]

I would not really advise you to exchange all your fiat money into bitcoins,
bitcoin is a good investment, but there is always a risk in every investment, you need to know that in the trading market of crypto-currencies

[Tzuan_bit]

if I think the possibility of risk is very small if you play tranding with patience so I think it will be profitable for you because bitcoin every year is always growing instead of declining so I think it is a good idea but you also have to prepare money to eat not everything you redeem to bitcoin