is it risky to turn all my money to bitcoins?

[camsss]

Yes it is very risky to convert all your money into bitcoins. The value of bitcoin is not steady or permanent. It changes everytime. There is no assurance that the value of it is always high. It depends on the market.

[orions.belt19]

Yes, it is risky. Even with the trust you have on Bitcoin and cryptocurrency, you'll be in trouble let's say for example if the market crashes. It would still be ideal to have some back up in the form of fiat money even if it's just sitting in the bank and do nothing. Its better to have it there for the purposes of security. You should have a variety of assets so that all your funds and investment is just in one place.

[Kahoy01]

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

Yes it' risky to invest all your money but if you have a trust on bitcoin go invest your all money but for me if im going to invest my money? 30% of my money go to invest and the others go to my mom and dad to buy our debts.

[acpr23]

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

Life is all about risks, but i can say risking into bitcoin is quite a sure success, especially bitcoin is starting to become famous now, the more it trends the more will invest, the more it will grow. dont be afraid keep calm & trust in bitcoin and watch your investment grow.

[mrfaith01]

Yes it is to risky to invest your all money in bitcoin because we dont know when the bitcoin price will go up or down...I suggest you can invest your 1/4 of your salary very payday...

[LordDisick]

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

Absolutely true, why in earth you will turn all your money on bitcoin? What are you going to use in case you really need cash? And its really risky because of the volatility nature of bitcoin. What you can do is to divide your money,  put some on it to bitcoin for investment and leave some on your bank account or wallet. Only invest what you can afford to lose.

[barbara44]

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.

There is no risk in investing into the bitcoin it is so versatile and as far as I am knowing this thing from past 2 years it never gave loss to anyone and bitcoin always put investor on the first priority and a lot of people are around me who invested there whole money into bitcoin and it blesses them and now they are holding an ownership of companies.

[EXITCORNER]

if u have full convidence with btc just do it,
but i'm suggest don't go too far better 60% from ur money
u never know what happen tommorow, keep it on your mind

[Dannaey]

Everything you invest has its own risk. When you buy all your money with Bitcoin, it might get hacked. Or what if one day you need money, a big amount of money. So you have no choice but to sell your Bitcoin. What if the price of Bitcoin is lower when the time you bought. You sell at loss. You do not want that to happen. right? So I suggest, invest your excess money. Money that you won't be able to get in a long term. Diversify is the key. Left something for a short term use, and invest something for long term purposes.

[lunnatic]

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

Any investment including bitcoin, the risk is borne by yourself. Investing is not always profitable so accept the risk that will be earned when investing bitcoin the risk of profit and loss. Although Bitcoin value is good for now do not mean you will get profit later.

[pandanaran]

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

I think it's risky, even though bitcoin prices are practically going to go up in the future, we have no guarantee whether it's true but if it's true you'll get a lot of profit, you can make money in a bank into a deposit or buy an apartment and rent it out or sell it for a higher price.

[sicparvismagna]

Definitely because if you invest all of your money in bitcoin then would result all of mode of payment would be in online but would happen if there is no internet or power supply then it would result you no way of paying some of your bills. But at the same time it is also considerable to invest in here because the higher chance of return in investment.

[henmark]

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

This is something which you need to decide yourself. It is no doubt risky but you need to think carefully at the time of deciding the amount of money which you will be investing in bitcoin. Bitcoin is indeed a very good investment but you need keep some money in order to meet your daily needs. Think well before making any decision so that you feel no regret in the future.

[KingOfWinterfell01]

Yes it is to risky to invest your all money in bitcoin because we dont know when the bitcoin price will go up or down...I suggest you can invest your 1/4 of your salary very payday...

Don't place everything on bitcoins if you know the risks. Don't go all in and end up being poor. Keep some cash for yourself and then invest the rest on bitcoins. The higher the risk, the higher the rewards. But if you have nothing to risk, don't give all of your cash. 1/4 of your salary is enough to keep you in-profit.

[amishmanish]

Why ask such questions???

AND why answer after 30 pages of replies. Ohh wait...ACTIVITY hey..
But frankly, just for the sake of it, It is a definite risk to turn ALL of your money into any single commodity, leave alone bitcoin.
Though if you've decided to go the natural way and subsist only on what the earth provides you, you may put all your money into bitcoin and then wait for it to rise. Bide your time as a forest dweller in that while. You'd learn survival skills, become so much fitter, and come back to a fortune many times what you invested. Good Luck.

[Nivir]

No way you are gonna do that. You should be able to look and understand bitcoin's history and its charts. I am a bitcoin believer with around 50% of all my assets into it but I will never make it all-in, even 90%. Diversification of assets and investments is the best.

[taiwww]

We must invest our money in various forms rather than any one, it may be bitcoins or banks or equity markets. It is always recommended to invest your money diversified sectors. Currency notes, FD,Savings Certificates have bank or governments guarantee. Gold have a universal acceptance it comes in a tangible form. Though bitcoins are emerging as good tool of investment, it lacks regulatory authority backing. Its buying and selling needs proper infrastructure setup. This setup is not possible every country.

[Restmand]

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

yes of course! it is too risky of you'll turn all your money in to the bitcoins .if you do that what are you used for your everyday needs now? its good to turn your money in to bitcoin but take note all the that's much you've done was a negative effect or have a bad effect. keep some cash on your pocket for your everyday needs and other you can secure on banks . but its up to you men its your choice i hope that you will not repent later what have you done. but i suggest you don't get risky its a bad idea

[StonedWolf]

It depends on the time in which you go to do this operation, and to be very specific it is the value of the bitcoin that counts the most.
For example, if you buy bitcoins with a low price you can make huge gains in just a week or even before. While, if you buy with high price, you can have similar earnings but in a longer duration.

[sourabhgupta2391]

i find it very risky unless my government declare it legal in our country..
but also in that case i find it risky for example i buy bitcoins and and price goes low
and if on next day i need money very urgently so i will have to sell my bitcoins at low prices.

its not only about bitcoin but any other share,stock or commodity

"don't put all your eggs in a single basket"