is it risky to turn all my money to bitcoins?

[RayvenPierre]

Investing all of your money in bitcoin is very risky. Please remember that the bitcoin's price is very volatile and no one can predict whether the price will increase or decrease. If you plan to invest I suggest that you only invest what you can afford to lose or you can earn bitcoins instead and use it as your capital.

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[CodyAlfaridzi]

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

Not only risky but also foolish and unresponsible. Never put your eggs in one basket. Diversify your portfolio, maybe turn 20-40% of it to Bitcoin, and spend the rest on other investment. There are so many kinds of investment out there. Try to invest some in stock and real properties.

Bitcoin is extremely volatile and shouldn't be seen as a stable hedge fund like gold. Use it if you have some money that you can afford to lose and want to try something exciting.

[entrepmind23]

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

Yes it is! In any case do not put your money into something you cannot afford to lose. Yes we know that bitcoin has a higher chance of increasing in value in the future but what if your country suddenly decides to ban bitcoin so it would be hard on your part to get your money back. It is enticing to invest into something that has a possibility of making its value multiply 2x or even 5x in the future but there is also the possibility of the opposite happening. You can invest maybe 10 or 20% of your money into bitcoin and invest others to other investment options. Never put all your eggs in one basket. You should always diversify to spread the risk.

[Lancebellon]

Yes, it is. Why can't you just have both? Bitcoinand fiat can coordinate with one another.

[Merovius]

Well yes, it is pretty risky to turn ALL of your money into bitcoins, especially because in most places BTC cannot yet be used for regular living expenses. I think the old adage "do not invest more than you can afford to lose" applies here...bitcoin is notoriously volatile, so it is best to use savings that will not be used for a while for buying bitcoin. If you can manage to make enough profit from trading bitcoin you can move surplus funds into savings and other investment options besides bitcoin, and these can generate a more stable income for you.

[kateycoin]

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

Its okay to put your money in the bitcoin but I think put money that you can loss because in investment there is always a risk.

[fishbonez11]

It is too risky to put all your money into bitcoin. It is tempting to do when you see the market go up and up but once it drops, you will start losing your money and all the regrets will begin to come in tied up with panic and fear. I hope you would save yourself from that. May I suggest that you diversify your savings into different banks, coin wallets or investments if you may.

[desi92]

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

Yeah of course. Risk is always involved on any decision. Before choose to something you have to understand what the risk of it.
Learning is beginning of everything. When you learn then you will understand. I  prefer to split my money into another coin to recover if there is lost from another.

[pat4cryptoreal]

It is very risky to use all your money to purchase bitcoin because of high rate of cyber crimes nowadays .Hackers are developing different ways of phishing. I advice you to invest some in bitcoin and still leave some percentage in your bank account.

[SiDtHeBeSt]

Yes, I would say its kind of risky to turn all of your bitcoins into money because bitcoin's prices are not stable. If you get lucky and the bitcoin prices rise then you will surely make a lot of profit, but if its value falls then you'll lose a lot of money, so i wouldn't suggest doing a risky thing, you should put in some money but not full 

[mast3rm1nd]

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

Never put all of your eggs in one basket. you must have a diversified portfolio; never invest what you can't afford to lose. don't get into this game relying on hope, instead it must be calculated risk. Good Luck

[Betwrong]

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

You should be always aware of the risks associated with such investment. Research the whole history of Bitcoin first and you'll see that BTC is a highly volatile currency, which means you can see 10%-15% drop in one day, and if you'll panic and sell in that day you'll simply lose 10-15% of your investment and that would be it, you'll hardly invest in Bitcoin again.

Having said that, I still think Bitcoin is a good investment, but it's a good long-term investment, you may lose part of your money thinking short-term.

[lady Royal]

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.

I will not do that Investing all of money in Bitcoin.
I rather keep all of my money in Bank because at least I know that I have some saving, But In Bitcoin we don't really predict anything and anything could happen the price can go really low in no time. Also, When we will exchange Bitcoins for Fiat it will costs us fee we will lose money there again.
Just invest half of your money in Bitcoin so, if anythings goes wrong you will have some in your bankroll, you can gain your money again with the rest of money.

[Kingofbitcoin12345]

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

Yes it is,, shock? because risk is part of investment and it is not only applicable to bitcoin or in cryptocurrency,, it is also present on stock market investments.. It is better not to just all in but to be smart enough to portion it accordingly to what or how big is your willing to loss.. You heard it right,, in investment is a gamble you must have to be ready to loss some to profit bigger..

[pitiflin]

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

Its very very risky when you put your entire money in bitcoin and not keep at least a small portion in bank. In banks you can withdraw your money whenever you want and it will hardly take any time. But when you withdraw bitcoin it will take more time. Its always suggested that you keep your money in different places as you can have a backup as a Plan B when Plan A fails.

[faceoff97]

It might be risky because bitcoin's value is unpredictable and unstable. Its wiser if you'll just store money in your bitcoin account which you can only afford to risk. There is no denying that bitcoin may cause you big return of investment in the future but you still have to consider that storing all your money in it may cause you more consideration once you need and have to spend it. For example, you have to cash out your coins because you need cash, you have to pay transaction fee for the amount you will cash out. Instead of doing that, you should reserve money on hand. Maybe in the future, you can store all your money once all retail and institutions accepts bitcoin.

[affandi]

change all your money to bitcoin? do not ever do that, your daily life will cost you, and you have to remember that. Investing in bitcoin has the potential to have a big advantage, but you also have to know, all this is risky, because no one knows the price of bitcoin will continue to rise or just the opposite. So, use your money in a wise way.

[raymart0720]

some says that if you dont split your money or coins in different wallet it till be dangerous
but I think it will be risky if you invest regarding to BITCOIN and also if you use it in like gambling or trading
it will not be risky if you put it on wallet and store it for long time but your coins will sleep only

[yonjitsu]

Definitely yes! It is very risky but it is still up to you if you are a risk taker then go. But for me, I won't going to do that, just remember the phrase "Only invest what you can afford to lose".

Indeed very risky but looking at the value of bitcoin, it's really surging and looks pretty fine. If only i got enough money, i would invest in trading too and willing to take the risk because i think bitcoin is a long term cryptocurrency.

[ruskytailz02]

If you will put it on one only investment it will be risky of course
all of business have risk need to take and it will depends on every situation
then if that will succeed then your investments will result to happy ending.

I think you dont need to change all your money all instead earn it free here and do invest with that free earnings