is it risky to turn all my money to bitcoins?

[Vaskiy]

I have two answer here :

Yes, it's very risky to turn all your money to bitcoin especially when new to trading or new to this technology era,  just invest your money you can't afford to lose. the positive part here if you hold it for long term you'll gain profit!

2.) If you're a good trader fundamental and technical analysis then you this one is for you turn all your money to bitcoins. just be sure you have a cold storage wallet or hard wallets to save your bitcoins

As in the quote, it's really risky to turn all the money into bitcoin. With bitcoin and other digital currencies we doesn't know what happens by tomorrow. The price fluctuates and in unexpected time drop in value takes place. This is the only risk on turning everything into bitcoin.

[helars2008]

Absolutely...
Its as if you are putting all of your life on something which is not really solid yet.
Bitcoin is indeed a worthy investment,  but to put all your money in it then you must really be crazy.
Dealing with bitcoin needs a lot of research and learning,  it is not just lile you will invest something then will reap the gains the next day.
It is still very volatile and a very risky investment.

[joebrook]

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

Even though i am a huge proponent when it comes to investing in bitcoins, I wouldn't recommend putting everything you have in bitcoins or any other investment opportunity as a matter of fact, one must always diversify and have a buffer in case something goes wrong you can safely land on your feet.

[riskarcher]

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

Very risky of course, can you imagine if every transact using bitcoin ?? there will be no more thieves that only hackers will get into our account. then how to catch a hacker? will be difficult for common people like me 

[Kennedymaster]

Of course it is. Because a lot of hackers are busy with bitcoin so the chance of you losing everything is pretty high. And what if bitcoin will become illegal? You will get destroyed by the government as if you were a pinata. So if i were you i should keep a save amount of money on your bank acc and the money you think you wont need invest it in bitcoin. 

[QHoster.]

I think that is very risky when it comes to any kind of the currency or items, not only Bitcoins.

[jhonjhon]

I think that is very risky when it comes to any kind of the currency or items, not only Bitcoins.

Exactly, as there is no 100% assurance that your money invested from here will gain profit because a single mistake is just a lost of everything. Just a half of your money is enough to invest In bitcoin. In fact not all investment are failed, sometimes it happens but not all. Investment is just an earning strategies that most of us are being practise.

[kram31]

very high risk with a golden stake on it !! if you are looking for a long term investment you must go to bitcoin and you can see the profit after months!
just wait for a nice dip then you can enter!

[TrumpD]

Yes it is, as good as thing look now, there are no guarantees the upward trajectory will continue. If the value crashes and never recover, it is a big loss, thread with caution and invest only what you can afford to lose.

[molsewid]

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

For me there nothing wrong with turning all your money to bitcoins as long as you can take all the risk the risk that your money can be gone or can be growth that easily since bitcoin is unpredictable price and in my own suggestion bitcoin can be easily grown when you only knew what you are doing about it. Since trading is there for you to trade.

[tmaleha]

If I am in your place I wont do this turn all your money to bitcoins is not advisable you can turn your money gradually only actually part only it is advisable when ever there is a dip you can accumulate it which will be more wise thing.

I am not expert It is my opinion only.

[Biglistener]

You need to know that it isn't a scam. If you do without checking if it is scam. You would maybe lose it. For me cashing a huge amount of bitcoin is always better, because i need to pay taxes.

If i cash a huge amount of bitcoins i only need to pay a few percentage for it. If you do it in more steps. You would lose money.

[mkhadazz]

Anything matters relating to financial action be at risk. It depends on our level of understanding. For me, investing in bitcoin is very risky and proportional to potential benefits that can be gained from it.

[AntonAnton]

Most likely this is not risky, but far-sighted

[umbara ardian]

certainly not. if you invest your money in bitcoin it will get a doubled advantage but it should be remembered if investing in bitcoin is committed not to take bitcoin within 5 years. you buy bitcoin today and hold it 5 years to come I am sure you are a bitcoin billionaire

[mware]

it's very risky to put all money in bitcoin because of unstable prices. But, this is where we get benefit. I think people keep their money in the bank because they want safety

[Kupid002]

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

For me there nothing wrong with turning all your money to bitcoins as long as you can take all the risk the risk that your money can be gone or can be growth that easily since bitcoin is unpredictable price and in my own suggestion bitcoin can be easily grown when you only knew what you are doing about it. Since trading is there for you to trade.

Yes and beside its your money so there is nothing wrong if all of it you want to turn in bitcoin there is a lot of way on how you can get some profit on it and i think its a good idea but you need to face all the risk all what would be the possibility that can be happen so for where you are profitable then go for it.

[xbl1008]

maybe it depends on the person, because each of us is different when the time of need arise is bitcoin widely accepted to your area? because you will always need basic needs to provide to your living you must sustain to that fact that all of us need. the case maybe different to other area like the western and some first world countries where bitcoin and other payment methods are really accepted where you can buy almost everything

[MFahad]

Not really, but some. There is always risk, even though Bitcoin will very likely return a profit. There is always the possibility that something could happen, especially in the short term time range. If it is money that you cannot lose, then don't do it. If it is a good long term investment, go for it.

Playing around and trading, then go for it there too. Just do not ever put the grocery money, kids college fund or anything like that in any investment.

[Gotumoot]

It can be risky especially when you put all your money into bitcoins. How about the incase you need money? And the bitcoins have fallen into the price of course that loss and you have nothing to do because you really need to. You will be forced to withdraw to use the money. There's a risk so you should be fine not to put all your money on bitcoins. I would prefer it to divide the half into the bank and the rest in Bitcoins. So when you need money you will just go to the bank