is it risky to turn all my money to bitcoins?

[nesterpu]

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

If you want to put your entire money into bitcoin it's a good choice. Bitcoin is something that is very potential and will rise sharply in the future.

[ngerok]

Bitcoin is the digital currency. in the internet world is very risky, do not you change or invest all your money to Bitcoin. because investment is definitely a risk and in the internet world is very much hacking. invest some of your money to minimize the risk of loss.

[Bittoshi]

It's too risky to turn all your money into bitcoin. You need something as a reserve in case you need to repair your car or buy a new fridgerator or something. Turn 50% of your capital into BTC but leave the rest on your banking account for living.

[MRX-]

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

Yes, turning all your money into bitcoin is risky. And that goes for all the investment that you will make. Business involves risks, you risk nothing you gain nothing. But bitcoin is like a high risk high reward kind of investment. It can be very rewarding and you can earn a lot of profit at the right time.

[kingjofri]

In a way it is same as storing your money in the bank. Each sides has its up and down. So I suggest research first and where you fell comfortable at then go for that decision.

[Jarr]

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

you still have a risk but it is no problem i think because potentiality bitcoin price to go to the moon still high.  we can see now that the price of bitcoin get new highest prices.

[momopi]

You mean "ALL" of your funds?. Of course it's risky. You don't put ALL your funds to an investment that's very volatile

[TTITA]

i would love to invest 70% my money in bitcoin as invest assets.
this price going to raise up every time.

[lazaruseffect11]

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

It will be risky for you to turn all your money to bitcoin if you dont have any prior knowledge what bitcoin is. You need to learn more about it first before turning all your money to bitcoin because you may lose all of your money or bitcoin if you dont have any idea what it is and how it works.

[BossMacko]

No it is not risky to turn all your money to Bitcoin. But always think of the worst case scenario that can happen and also always have a plan B. As we can see Bitcoin price always rise almost every time but it is not guarantee that it will always rise, so investing 50% - 80% of your money to Bitcoin is a good move and the remaining should stay in your bank for emergency purposes.

[slapper]

i think all investment have risk so when you turn all your money to bitcoin have risk but it's worth because you can see bitcoin price's always rise up.

Online investment could be more vulnerable for any scam, that's make this into more risky than having investment locally. It is not a good idea of putting all your money into a single investment because a single mistake is gonna make your money falls into nothing. Half of your saving is enough for an investment but be sure to have a research before engaging into investment.

In my country, you can be scammed by offline investment, too. There are many people who lure investors to thier trap and invest into non real project and lose a lot of money. So, you need to be wise and determine which projects are legit and which are not. Do not trust 100% on what you hear and what you see. And, I do believe that bitcoin is legit and true enough for people to spend their money on bitcoin

[Flagship11]

Not risky at all

jk somewhat risky but the reward down the road will make it all worth it

[loragean03]

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

to take all over your money in bitcoi is not necessary to do, I think dont invest too much in bitcoin, just invest the amount that you can afford to loose, maybe 60%-70% of your money you will put/invest on bitcoin and the rest are for the other options of the other investment project you want.

[iamKiko218]

Of course yes, it's very risky to turn all your money into bitcoin. I would suggest to leave half of your money in the bank and only invest half of it because bitcoin is still volatile. Let's just say, if you turn all your money into bitcoin and one day you lose it all, then it will definitely give you so much pain. All the money you earned from your blood and sweat will be lost. It would be better if you still have real money in the bank in case of emergency needs.

[PeRo]

That would be crazy and very risky, you should convert some smaller amount that you can afford losing (I mean losing a part of it). With all your money at stake it could be a  great loss(depending how much money you have), so I do not recommend trying that.

[greeklogos]

Investment pros always say that you never need to invest more than you can afford to lose, but 39-year-old Didi Taihuttu decided to go against this rule. He sold everything he and his family had, and stuck in bitcoin. He now lives in a tent camp with hope for the growth of bitcoin, waiting for when he will reach the moon. I respect such risk and hope he will get his target within 5 years, but I'm not so brave, so I will just save my bitcoin earnings weekly.

[cryptojac17]

That would be crazy and very risky, you should convert some smaller amount that you can afford losing (I mean losing a part of it). With all your money at stake it could be a  great loss(depending how much money you have), so I do not recommend trying that.

Yeah it is not sound reasonable if you should convert your money into BTC although it seems that you want to become rich instantly aren't you? because maybe you've seen how the price of BTC soaring high , because BTC  is a crypto currency  and its volatile it is little bit risky if I were you it is wiser to just set aside part of your asset to buy fixed investment like real properties, and other part of it for BTC trading. defending on your assessment regarding the percentage.

[laravuemaster]

You do not really need to spend all your income to earn bitcoins, Just by working in campaigns or doing services that will benefit for ico's platform they will pay you coins. Just try to explore bounty campaigns thread and maybe your'e going to find something there that will make you earn more coins instead of investing using your own money.

[Sadlife]

Well all i can say is that everything has a risk even putting your money into banks there are also risk that. The bank that you have entrusted your money might go bankrupt by many reasons and some instances that it is only a con act to deceive people the bank is bankrupt but in reality they've already steal your money and this banks are highly vulnerable to hackers where everyday they tell people some false is of security. I suggest you first research bitcoin to what it can do and decide whether or not to invest in it.

[Dudeperfect]

Yes. Especially if you don't have any source of income to survive in case of emergency. I believe that Bitcoin will give good returns in the long run and that's why I am investing some part of my portfolio in it but that doesn't mean I don't invest anywhere else. One should diversify his investment in multiple options to spread the risk and maintain the secure position. However, do your own research before taking any investment decision.