is it risky to turn all my money to bitcoins?

[Jgatsby]

All invest have their own risk, so always be wise investing, I'm not saying that Bitcoin ain't good to invest money on but as investors says invest what you can afford to lose, so if you can afford to lose all your money then go, the stakes are high but if you're luck then the return would be magnitude.

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[kiirz]

way too risky. You still need fiat in your daily life imo

[ride22]

Yes, convert everything to bitcoin, and even take out loans to buy more bitcoins.  Very solid plan!   

[Jessica_Doll]

It's risky to turn all of your money into ANYTHING. Maybe liquidate 25% of your investments for BTC and buy more every now and then with your spare change...

Yes that is right that it is always risky to put all your money in one kind of business, you need to invest your money in different places if you want make a secure profit.

[achikomimi]

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

It is right that letting your money sleep in bank is not good at all. But it is also not good to convert all your money into Bitcoin. Because Bitcoin's price is volatile in nature. Anytime it will decrease in value different from what you bought. What if you need money right away and you don't have a reserve in your bank then the price of Bitcoin is lower than what you bought. So that's a loss for you. So better invest money that you won't get for a long period of time. Invest only the excess, not all.

[SkyFlakes]

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

Yes it since due to the fact that bitcoin has a huge involvement with money hackers are just waiting for a prey here they are just waiting for some favorable situation where in they can get the profit of hard workof the other people. If youcannot afford some profit to lose you must be aware of not turning them into bitcoin especially if you are not that sure if you can something from that.

[dewynijhof]

turning all of your money into bitcoin can be risky, you may lost money whenever bitcoin drop, so you should divide them into may altcoins to keep your money safe.

[Bitcoin Guy]

Although Bitcoin is risky, it is not as risky as the altcoins.  The volatility of Bitcoin has reduced as its market cap is getting bigger.

[joebrook]

Although Bitcoin is risky, it is not as risky as the altcoins.  The volatility of Bitcoin has reduced as its market cap is getting bigger.

Even though bitcoin is currently the biggest investment asset currently in the world at the moment investing everything you have in it is not a good idea at all, You may be spelling doom for yourself in the case when the currency crashes and since we don't know what's going to happen in the near future, Anything is a possibility.

[Frank0209]

If you're just a newbie in cryptocurrency world and you just know a little about Bitcoin and cryptocurrency I think you shouldn't do that just start with small amount cause there are a lot of risks you will have to take when you want to invest in Bitcoin. Maybe right after you exchange your cash into Bitcoin the price of Bitcoin will be dumped that mean you lost a lot of money too, a lot of people will feel nervous and cut the lost )) it's not easy to find out the good time to exchange into Bitcoin so I suggest you should start with small amount and if the price dumped you just need to wait it'll rise back soon

[bitshah]

It is not just risky but foolishness to turn all your money into any volatile trade or commodity, including bitcoin. As a thumb rule you must define a minimum monthly savings, after you have deducted of all your fixed expenses and commitments. After this you could start investing a small part of your excess savings. In this way you can sustain if the prices go low and also hold long for better returns.

[artras]

Never Invest More Than You Can Afford to Lose!!!

[betMaster]

We can't deny that risk does exist when taking such decisions since you are putting all your life savings at stake and risking their actual value to drop significantly if bitcoin's value drops , yet you are also taking the chance that your funds could grow or even double their value just in few days . It is a risky move but with higher risks comes higher rewards and your life could change depending on bitcoin's value . As for myself i wouldn't ever take such risks cause i don't want to put my financial status under any pressure and thus ensuring a stable situation for myself and my family .

[Spendulus]

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

RIGHT! DO NOT TURN ALL YOUR MONEY INTO BITCOINS.

Keep $1 and frame it.

[Criptolog90]

I don't turn all my money to bitcoins but I try to buy at least 300 euros every month.

[dhas]

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

Even if this money was just sleeping in the bank and do nothing it still too risky if your turn them all in bitcoin. Bitcoin is really trusted currency but not just because it is trusted you will put everything here. You still need to be wise in dividing your investment. Because what if you become a victim of scam here? So all your money will lost. Your expecting for a profit and yet you let your money loss because of a wrong decision. So be wise in investing.

[btcdepo]

it is definitely risky. you should always divide your money into different investmen tools like crypto currencies, stock, commodities etc.

[Naster]

Never Invest More Than You Can Afford to Lose!!!

Exactly! It's the golden rule!
However, a good balance of winning and losing is important. If you just win all the time, you won't get anything out of it;
having some tough losses can be really important

[batang_bitcoin]

Never put all your eggs into one basket. In anything including Bitcoin. Bitcoin may well double in price or even surpass that in the next few years but you should not put all your savings into bitcoin just in case it goes the other way.

Yes we should not put all of our eggs in one basket, this has been said all over the forum. How about this family, what can you say about them? https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html They did bet all in for bitcoin. I can't do this but I love on how they are focusing with crypto's though it's still risky because we still don't know what can happen with bitcoin anytime.

- Exactly is they are betting everything, even the future of their families in Bitcoin, they have blind belief in bitcoin and they believe that bitcoin can change their fate, I feel they believe in bitcoin is a good thing but they are betting too big, they will not tolerate the feeling of failure
- If they succeed, they will change everything in their lives and become the new rich, I have nothing to say except congratulate them but if they fail, they will lose everything, even they will become crazy and do not believe in this failure, they will think this is an illusion. Although Bitcoin is a ideal investment but nothing is sure, bringing the future of the whole family put into it really is not worth

I'm worried with the future of their kids but it's either it will be worth it or not besides we are all here just want to be safe. We don't know on how long bitcoin will be on trend but base on what's happening they will get the best results for it once the price of bitcoin started to pump or will double or triple their current investment to it. This is a life changing testimony for a bitcoin investor but it could be a disaster if something wrong happens.

[Greenrace]

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

bitcoin is an investment tool, very risky if we invest our money in one type of investment because investment can be very profitable also can fall in price and also we still need cash for everyday needs