is it risky to turn all my money to bitcoins?

[stendery]

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

Putting all your money in bitcoin is too risky because you cannot foresee the gain and losses when will occur it is better to be on the safe side invest not only in bitcoin save something also for emergency funds.

[L00n3y]

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

Everything is risky when it comes to the online world. Scammers are everywhere so i believe that you should your safety first before taking a step. It is better for you to hold your money to have an assurance that your money is secured.

[traderethereum]

many people saying that turn all of our money to bitcoin is risky and its true because we don't know how long the price will stay at the top price or will be down because of some bad news. if we can buy bitcoin at lower price then i am sure that no matter the price now, we still make profit. but today we see bitcoin price is too expensive for ordinary people so if he decide to turn all of his money, then i think its not wise for him because he can get stuck in top price. beside that, i guess that person still need money to buy his daily needs and for this he still need his money to buy.

[creative-raju33]

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

I think it has two aspect, risky and when it is not risky... One should know the all topic and system of bitcon currency and also the time change updating of BTc system,then he/she should decide that is it risky to do or not//

[goaldigger]

Yes it is. If you have that kind of money and willing to take a risk then try investing in bitcoin. If you are not afraid to become loss, why not try. Bitcoin is a good investment tho.

[ivrynx]

As an investor, i would say yes! It is too risky, bitcoin is very volatile, you need to come uo with a plan, that you know is going to be helpful to you, in ways that you will surely have a winning situation. Before you invest all your money into bitcoin, make sure that you know how predict bitcoin, but if not, and you find bitcoin to be very volatile, that even long time investors somehow, fail to predict when it will go up or down, it is much better and safer for you to use the excess money that you have, and not your savings, in that way, you can make a sound decision on your investment, knowing that you are betting it all in one investment, and always make sure not to out all your eggs in kne basket, so in the end, you can have a nice ride, when it goes up, and a lesson, when it goes down.

[yojodojo21]

Yes, it is to Risky especially if you invest all your money turn into bitcoins in to unsecured and scam sites.
you will just be depressed, so better not to put all you money into bitcoin.
Always be wise in the World of crypto currency.

[Singbatak]

Of course. Because we do not know the market trend and it can take a while, your money will be swallowed by so-called whales. So be careful and be smart. Because of that we have labored and we should not allow it to simply be lost. So if I'm up to you, do your own business and you'll invest half the money you have left in bitcoins

[jamids]

many people saying that turn all of our money to bitcoin is risky and its true because we don't know how long the price will stay at the top price or will be down because of some bad news. if we can buy bitcoin at lower price then i am sure that no matter the price now, we still make profit. but today we see bitcoin price is too expensive for ordinary people so if he decide to turn all of his money, then i think its not wise for him because he can get stuck in top price. beside that, i guess that person still need money to buy his daily needs and for this he still need his money to buy.

Bitcoin is really risky because of its volatility and for someone who would invest all his money to it would want to consider and think many times before doing it because though it may be highly risky, it can be highly rewarding as well which would really attract some people to invest on it. It would depend if he is a person who is risk averse or risk taker. Wise thing to do is to invest only what he can afford to lose because even if there is a possibility for him to earn big in his investment but the opposite may happen as well which can really be a bad thing for him if his retirement fund is in that investment.

[ArIMy11]

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

Converting ALL your money is definitely a risky, bad thing and not a good decision to make. Bitcoin price always fluctuate minute as you see and besides bitcoin is not accepted everywhere. What if you need money but the bitcoin price is low? You have no choice but to convert and to cut your losses. On the other side, we are not so sure what will happen to bitcoin on the next day, will it disappear or be ban by someone powerful?
Anyway, why do you ask that question? Are you willing to convert all your money to bitcoin? For trading, or for investing?

[keycellko]

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

It certainly is. Bitcoin is not yet stable. Incase you might need some we don't know if its in a time when the bitcoin is up or down. Always leave something for you to use. Only turn your extra money to bitcoins as for now. Maybe someday soon the tides will change by then you can go ahead and turn it all.

[mllake2]

it is a good idea to diversify your assets.  By that i don't mean putting 100% of your funds into the top 30 cryptos.  But put some in stock, some in crypto, some in commodities, and land if you can, maybe foreign currencies/bonds. While bitcoin has performed very wel,l which may be the reason for your all in idea, it doesn't mean that will always be the case. diversifying means you reduce the risk.  Sure if bitcoin continues to grow like crazy then,diversifying limits your potential gains and you'll feel like kicking yourself in the butt for not buying more.  Bit if something catastrophic happened to bitcoin, your other holdings would limit your exposure to a whole world of pain.  

[erickkyut]

Yes it is very risky! In fact, Bitcoin market is 5 times riskier than your local stock market. It is not advisable that you convert all of your money to Bitcoin because of the market volatility. Just convert the amount that you really need. Invest only what you can afford to lose. Do some research and studies before going into Bitcoin.

[Caladonian]

risky if you will not study what is the potential of bitcoin investment but if you does its much better to take some risk or most part of your money being invested into bitcoin, if we are talking about your money inside your banks which means that you still got money to finance your self just in case you will
be needing some for your own expenses.

[Ayush rana]

There are always some risks that have to be consider. Investing all money to bitcoin can be a good decision but it might happen that bitcoin loose its value and you get loss. It all kind of gambling that you may or may not get profit.

[sumonrud]

Definitely, it is still risky because bitcoins price is not stable, now a day it is a fluctuation.And it's risky to turn all your money into bitcoin.you know that BTC market is still very volatile.in my opinion,  it will be a bad decision to convert all bitcoins into money because bitcoin price will be high.

[NavI_027]

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

Definitely! You should not convert all of your money in bitcoin because of two main reasons, it's not yet legal and it's unpredictable. If you still insist to turn your cash into bitcoin, there's a chance that your money will suddenly fade away when it comes the time that bitcoins are banned (I hope it will not come ). Another thing, because of its unpredictable exchange rates, there's a chance that you will lose money and you might face bunkraptcy when you are not good in handling bitcoins.

My advice for you is you should only get a partial of your fiat money and use this to make profits through bitcoin.

[kyori]

Yes, it is a risk because bitcoin might go down anytime that you will surely lost some of your money but it can also pump up that your money will surely grow.

[zekeshawn]

All investment comes with risk and putting all your money in bitcoin is not a good idea its better diversify your money and invest to altcoins also because there will be time that bitcoin will dump and altcoins will go up. And in this way you can gain more profit.

[kpcian]

you have to take a risk when you want to make a profit, Bitcoin also a risky place where you can make a handsome amount of profit within a short time period. but this is the most profitable platform for business. I think if you have a good understanding then you can gain a large portion of profit by investing your money.