is it risky to turn all my money to bitcoins?

[bitcoinvestor]

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

It is not wise to spend all money in one thing. You should split your money into some boxes. Saving, investing, spending for daily life, and Buy properties are some kinds of investment you can do. Take some of your money for bitcoin or other altcoins. You can also buy etherium and start investin in ICO. Many ICOs are legit and promising. When you spend all the money in bitcoin, you should think about the secuirty.

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[Sir Cross]

Yes of course it’s risky. Because we don’t know what can happen tomorrow. The best option will be to invest part of your capital 

I agree. And of course, after investing a capital in bitcoin, there are other ways on how to earn some profit from it besides waiting for the price to surge up and exchange it.

Always remember that there's always a risk when it comes to money investment. It's either you earn some profit or you loss your capital.

Yes, risk always gets associated with each and every form of money making or money related activities. Importantly with bitcoin what's happening is much risker than the common form of money related activities. Even at this situation, there are people who have turned everything they have into bitcoin and had benefited out of the same.

As there is risk in almost any form of investment or money related activity - then it is best to diversify your investments or portfolio. Invest a little on bitcoin, save some money in the bank, buy some stocks etc. There is risk in each of these so just to maximize your investment, put it in different places. Don't put it in one place because you would lose everything the moment there is a market crashes or collapses in value. Again, a rule of thumb for investors is to never invest what you can't afford to lose.

[barabut]

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

Diversification is a must as an optimum investment strategy, not all of your money, the amount that you reserve for a certain period of time

[iMark]

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

There is risk in exchanging all your money to bitcoin, but there is no possibility to lose all of them. There are 2 possibility where bitcoins price will go either up or down, where in each case your money will be more or less. But keeping bitcoins in this present moment is not that risky since in the past few months, bitcoins price have increased by i think 30 % now.

risk will always exist, let alone the future nobody knows and whenever it can not be unexpected even though many people predict bitcoin has a bright future, but I think taking a big risk is not a good thing you know, even though it gives a big chance of profit, but play safe I think will be much more well, after all you need a necessity to be paid right ? it is impossible you will use all your money right ?

[LyQaN]

oh yes,all the money to bitcoin is next level risk game,bitcoin price keeps on changing , at time when you will need them you dont whats price gonna be if it will be low you are in loss,also what if market crashes then you have to bear all the loss so invest it in some place which is giving interest even if its low but your money is not going anywhere and you will still have a little profit like banks.or just save it.invest a little from your money into bitcoin,so tragedy does not left you empty handed

[PokerFace3]

oh yes,all the money to bitcoin is next level risk game,bitcoin price keeps on changing , at time when you will need them you dont whats price gonna be if it will be low you are in loss,also what if market crashes then you have to bear all the loss so invest it in some place which is giving interest even if its low but your money is not going anywhere and you will still have a little profit like banks.or just save it.invest a little from your money into bitcoin,so tragedy does not left you empty handed

Chance of prices fall is zero because it has become so high that at this point of dump occur it will only fall to 200 usd and not more than that so why no to change all the money in such a value able coin who is giving 1000USD profit o weekly basis and price will soon cross the 10000 figure and that time will be no far when profit of bitcoin will be in billion so don’t get late, invest all you’ll see benefits in one week.

[Alok Yadav]

yes it is always risky to invest all your money in bitcoin. Its very volatile. So invest as much amount so that you would have some money if something would happen to this market.

[Macukica]

All the money put on bitcoin is a big risk, we need to put some money and monitor the situation of growth and fall

[annmarie]

I think around 25% of your current wealth is a good idea to invest into Bitcoin. Certainly not all your money.

[Xenoph0bia]

Yes, it is quite risky to turn all your money into bitcoins and also not a very wise choice. Bitcoin has always been unstable. The fluctuations in the prices are so much that it is like a rollercoaster ride. So you can never know when you could have a huge loss in it.
Also as bitcoin has started becoming so popular and it is decentralised, the governments start looking for ways on how to control it and when they are not able to do so, either they accept it or they ban it. But its volatile nature puts a huge risk on our savings which is our hard earned money.

[specsmuluk]

if I think it is not risky, it will be profitable for you if you invest your money in bitcoin ..

if i have a lot of money i will invest my money in bitcoin  ...

[HiringYou]

There is always a risk involved in investing your money in Bitcoin .As Bitcoin is volatile in nature so its price keeps on fluctuating. It is difficult to predict that what will be it's price in the coming future . So if you will invest all your money into it then either it can give you huge profits or you will face a big loss.The risk factor is always there.So investment should be done wisely.The wisest way will be to invest some amount of your money and keep the rest with you .

[blackr15]

if I think it is not risky, it will be profitable for you if you invest your money in bitcoin ..

if i have a lot of money i will invest my money in bitcoin  ...

if it is true what you are talking about, I want to try to invest my money here, but how, if profitable I want to try again ,. good night thank you ...

[Sadnu]

Yes because there is no such extra money when you need it. For example, if the Bitcoins have fallen and it's still in need of money. How can you now get your money if it has fallen. and when you get rid of it you are more likely to lose it. so you should spend money on bitcoins and banks

[Bitcoins Network]

There are a lot of times when I have wanted to just buy bitcoins and save them, hoping they will rise, but I never did, and always regret it

[Malamok101]

I think thats possible but for me its ok because many of users of bitcoin has already buy more than a million of money or dollar i mean but if your money is a thousands of dollar thats ok atleast you do want is the best for your money and its up to you if you gonna focus and earn money here in for forum.

[Taskford]

Yup it is risky to put all your money to bitcoin because when you do that then you will not have much money left and when you don't have money that is left then there will be a huge chance that you will lose money in bitcoin because of the volatility but you can still have balance if you will not just put all your money into bitcoin.

[Xester]

Yup it is risky to put all your money to bitcoin because when you do that then you will not have much money left and when you don't have money that is left then there will be a huge chance that you will lose money in bitcoin because of the volatility but you can still have balance if you will not just put all your money into bitcoin.

I am positive that if you will just let your invested bitcoin sit for long term, it will generate an income that is really big.  It is hard and not good if you will put all your money into bitcoin.  How will you be able to survive days of your existence if you turn all your money into bitcoin.  Where you will get money to buy foods and stuffs.

[slaman29]

Even with something that people might consider a super safe haven like gold (Aurum, not the bitcoin fork!), it's always unwise to put all your eggs in one basket. The prime rule of investment is never risk everything. Probably the only thing you could risk the majority of your savings... is in savings. A fixed deposit with a trustworthy bank. That is just to protect your lifetime savings. And don't fall for what people say about Bitcoin. I believe in it, but it's foolish to risk everything with Bitcoin!

[denulh]

everything has it pros and cons, so before turning all of your money into bitcoin, first you must know if you do that, that will make you harder for exchanges, and second you must accept risks to lost profits whenever bitcoin drops.