is it risky to turn all my money to bitcoins?

[itsproblem2]

not really recommended, how you gonna pay your energy bill or at a local shop which outragesly not accept bitcoin?! Its not yet suitable for only holding btc.

[Crafts12]

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

Yes it would be risky but it would be not if you know what you will do. Before turning all your money to bitcoin, have your goals first. Focus on your goal and do an effort and spend more time to it. Then you will be successful with your money. You can gain profit with your money that you invest in bitcoin. It always depends on the person who manages his/her bitcoin.

[endlasuresh]

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

Please keep some funds for your future and family too since Bitcoin price can go up and down so their will be a loss too. however you will gain profits on one day.
Bitcoin is different than original money as you can spend bitcoin only the shops who accepts it, but your money is accepted in every shop, so think wise and invest it.

[crismass1225]

I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value...

[josephinerosdy]

don't do that dude. we don't know what happen in the future of bitcoin.
don't turn all your money is very risky invest all your money.

[DrCoinz]

It depends what you define as being risky.

If you believe in the long term value of Bitcoin and are not concerned with it's fluctuation in price relative to your local fiat currency then there is very little that could go wrong.

[chickenado]

I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value...

Precisely bitcoin has its own range of rising and falling value but the risk it has is minimal. Maybe not necessarily you will put all your money instead you make it a half. A half means the rest of your money will be invested in bitcoin while the other half would be for your personal expenses. For this reason,you won't feel difficult or having risk of your money but you are favoring both sides just to protect your money in case of some irregularities that you badly need to cash out your money. Therefore,that would be a better way to think wise for your money.

[Jeger]

In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins.
You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!

[Rahar02]

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, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.

[Patatas]

In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins.
You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!

'You need to diversify your investment' what does that imply ? To not only invest in bitcoins but also expand your horizons into the shitcoin market ? That could be riskier than anything else.Now if you study the graphs,you'd know statistically there is less risk involved when investing into bitcoins than any other coin.

Yes, it's risky, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.

I could really stab myself 100 times before having to meet such personalities on biitcointalk lol Do you guys even have brains ? Even if you do,does your logical part even work ? Really man ,you should stop posting,

[Xester]

don't do that dude. we don't know what happen in the future of bitcoin.
don't turn all your money is very risky invest all your money.

Yes, I believe in bitcoin but I think it is not wise to turn or buy all your money for bitcoin.  It is still better to have some money saved for time of emergency.  Just have something for you in times of trouble.  But if you will invest it for a long time for sure you will love the fruit of it.  Therrme is a big income when you risk.

[Hagmonar]

don't do that dude. we don't know what happen in the future of bitcoin.
don't turn all your money is very risky invest all your money.

Yes i think its better to be prepare on what will happens in the future probably no one knows about it maybe you can put some of your money in some coins that the good option i was thinking

[0t3p0t]

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

Yes of course you may divide it into half invest it with 50% in Bitcoin and 50% in fiat. It is always good to have a balanced investments just to avoid any problems from both. If Bitcoin drop its price you have your fiat money as back-up but if fiat money is compromised or stolen then you have also your Bitcoin as back-up either way you can always recover from loss. I think interests in banks compared to the movement of price in Bitcoin is not comparable I mean there is a big difference because Bitcoin is very volatile while fiat money is stable. Much better to make our money roll rather than just sitting in the bank and doing nothing.

[tramadols]

very risky, but I think it's worth the profit you can get. this is a matter of speculation and the future that you will decide. it's not a new thing for bitcoin to make people become better and successful.

[Vaculin]

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

Yes of course you may divide it into half invest it with 50% in Bitcoin and 50% in fiat. It is always good to have a balanced investments just to avoid any problems from both. If Bitcoin drop its price you have your fiat money as back-up but if fiat money is compromised or stolen then you have also your Bitcoin as back-up either way you can always recover from loss. I think interests in banks compared to the movement of price in Bitcoin is not comparable I mean there is a big difference because Bitcoin is very volatile while fiat money is stable. Much better to make our money roll rather than just sitting in the bank and doing nothing.

Very well said.We need to secure first our money before thinking of an investment.Yes i agree with you based on its percentage.I do have trust in bitcoin but we should always remember that its price is not stable,today it may rise up,then tomorrow will have a drop-off.Much better if we also have an investment in the real world.It would be very lucky for you if both of your investments will boom together.

[sukamasoto]

Bitcoin still volatile so better trade only for what you can afford to loss or you will regret forever
For example : Chinese and South Korean did not ban ICO without any reason, they did it because they want to protect their people from scam that usually being done by ICO

[granchio]

Of course this is so risky! A good investor never turn all his money to just a currency.

[cynical]

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

oh i would think that would be a risky move, nobody can predict what is going to happen to crypto currency and bitcoin lately seems very volatile. you shold only put in what you are confortable or prepared to loose. if you are prepared to loose it all - go ahead

[Potato Chips]

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, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.

you just said that it is risky so why are you going to divide your funds with 80% on bitcoin? in my opinion that is still risky because bitcoins price is not stable in fact it is wild so 80% is too much. and i think people keep their money on banks is not mainly because of interest but because of they want this security. seriously if you're into interest then just go with investment e.g. bitcoin although invest an amount you can afford to lose. also theres no sure in speculations and predictions

[ninabobo]

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

I have been buying bitcoin with a sizeable amount. and the rest I buy for investment allcoin and ico. I had a lot of speculation, but it was worth the money I earned.