is it risky to turn all my money to bitcoins?

[posi]

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

It not risky mate but sometimes ones need to becareful not to be greedy. What I will advice you to do is to turn 50% of the money you had into bitcoin while to keep the rest and you can keep on doing that on a weekly basis because bitcoin will bullish pretty soon.

[putih]

Yes, because of the volatility. Be careful and only invest what you could miss in normal life.

[layoutph]

Yes its too risky, specially now while the market is in bearish situation. One more thing, bitcoin is in trouble. On November 2017 there will be a hardfork. This might cause another huge Bitcoin dump. If you can just predict what is the dip, then you can start buying bitcoin a portion of your investments from your local bank.

[johny.valencia2]

yes it is very risky to turn all money in bitcoin,because it is decentralized,and may be someone is used it in laundering process.

[Ivan16]

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

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

Yes i agree with you,better option is put money in bitcoin and wait in next year his value will be over 5000k for sure,and you see what is better for you to invest your money or to stay in bank.

[skjus]

I agree with all of the above. And I will say that yes, it's risky, invest ALL your money in anything.

[julius caesar]

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

Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.

[qwertyup23]

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

Yes, it is very risky to invest all of your money into bitcoin because even if the price history shows a constant increase on its price, no one knows when will bitcoin be removed from existence due to its decentralized nature. Its price is also highly volatile and may increase/decrease your profit anytime depending on the external factors that is impossible to know. Bitcoin may be a high-risk, high-return investment but its security in payment falls short compared to bank investments, stocks, and even gold investments.

[mostkey]

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

Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.

there is no harm to try, because all things need to risk, success also need a resiki if you are able / dare to invest in large quantities, it is in the future or next year to ensure that your profits can be doubled. this has been made sure and will not be denied

[shiningstar]

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

Yes ofcourse it's very risky, especially if bitcoin is not regulated yet in your country. Never put your money in one place, only invest what you can afford to lose. If your money doing nothing in the bank, you can invest half in bitcoin and hold it for at least a year.

[siti25]

It's very risky, I think because Bitcoin still has not been accepted in all places, I think bitcoin is still unstable, even countries that have received bitcoin can block a bitcoin sometime, it's like impossible but the future nobody knows and it could happen. So turn all your money to bitcoin is very risky, if one day bitcoin in block, then what will you do?

[Kprawn]

This whole Crypto currency thing, is just one untested experiment and can fold any day. We have role-players involved in it's

success that we do not have any control over. {governments / banks / competitors etc.} Any of these unforeseen events can

cripple this whole experiment and even destroy it. Never have all your eggs in one basket... that is the golden rule of any

investment strategy. 

[jsscswan]

Everything has risks like investing, saving, trading.
I suggest that you better buy bitcoin as necessary, do not turn all your money into bitcoin, leave half your money in case of sudden need. If you change all your money to bitcoin it is very risky.

[A1exander]

It's very risky. Bitcoin is not only volatile, it may lose value due to legal or technical problems. I consider it unlikely and have all reasons to believe that the long-term upward trend continues, but I do not turn all my possessions into it. A part of my savings is in a bank account - low interest, but low risk.

[Almat]

Of course it's risky. You should never put all your eggs in one basket. Bitcoin has been doing good recently, but can plummet by 20% in a span of a day. There should be no reason for you to take such a risk.

[YuginKadoya]

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

Yes its risky in the sense that if you are not surely aware on whats going to be happened or happening in your money , hackers may see you as a victim for them to trick. Bitcoin is type of system in which money makes it functional and accept the fact that there wwew people used to gained easily by doing some fraud in our fellow users, so I think it will be great if you conduct some question to a person who invest here usually and be guided by them, if you cannot afford to lose it dont bother trying without any assurance.

there is no harm to try, because all things need to risk, success also need a resiki if you are able / dare to invest in large quantities, it is in the future or next year to ensure that your profits can be doubled. this has been made sure and will not be denied

Why are you thinking that there is a harm in putting money over bitcoin? I really think that bitcoin is most secure than banks and if you put your money in bitcoin the value is increasing over time but it is also decreasing and has a drop every now and then but even if it did bitcoin will still increase it's value no matter what.

[Hassan02]

It's very risky, I think because Bitcoin still has not been accepted in all places, I think bitcoin is still unstable, even countries that have received bitcoin can block a bitcoin sometime, it's like impossible but the future nobody knows and it could happen. So turn all your money to bitcoin is very risky, if one day bitcoin in block, then what will you do?

I'm agree with you not all your funds can place here in bitcoin it is much better if you have some money in fiat on some bank for you to have in case of emergency because it is not good at all.

[GreenBits]

Its always risky going into a single asset. Diversity is the boon of a healthy portfolio. Would it be risky to go all in on a single traditional stock (even Google for example). All it takes is one tweet, and you could see you value plummet, at least short term.

This is all so much educated gambling. If you diversify, you can hedge against some of this extreme volatility that is both a great and terrible thing. While the markets do seem to decrease in tandem for the most part, having your value spread out does do alot to reduce the pain, if they re truly diverse.

So yes, its risky AF to go all in on one asset. If you must, dont go all in at once; go in in thirds or fourths, to getthe best purchase price over time.

[lvincent]

Of course it's risky so far Bitcoin did a good job it is outstanding but no one can tell what's gonna happen next, when you invest all of your money into BTC and bitcoin goes down then all of your money goes down too. It is much better to have savings and plan your life for real example having a business, also don't just invest in one coins so when one of them goes down you have another investment that can totally regained what you lost. Try other things too like stockmarket and just what i said Business, i know Crypto's are gonna last forever as long as there is internet but what if it suddenly crashed at least you have other savings and investment backing you up.

[Mr.John19]

Yes, so risky to put all your money the bitcoin, because we don’t know when it be might bitcoin krupt and we cannot control to avoid the interconnections of the global economy to human error and  the government like china that bitcoin banded.