is it risky to turn all my money to bitcoins?

[Gcee02]

Yes its very risky, put your money that you can afford to lose. Better half of you is in bitcoin invest it and the other half in banks or do skme business that will grow more.

[sevendust777]

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

I am not putting all my money into bitcoin knowing the risk it will take, though i believe in the potential of bitcoin that will gain us big profit. Still we never know what will be the future for bitcoin. Do short trade and take your investment out i think is the best way. Then go long on your profit.

[LodisMcguire]

Yes of course it is,because if you put your money into bitcoin with high volatile price,you can lose all your money if bitcoin crashing
But it depend on yourself,if you sure bitcoin will grow more in price,you can make profit from that

[emberbekas]

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

Anyway, saving money in the bank will be safer than we invest our money in bitcoin. Fiat is more stable and you can get interest if you put it on your local bank. Btw, if you want to get involved in bitcoin investment, it is better to use a part of your money. It is risky not just because bitcoin is a very volatile asset but there are some possibilities that you can lose it due to other things like got hacked, got scamed, etc.

[noemmekoen]

Some people say it is a bubble

[raisulmushfeq]

There is always two types of people, even financial experts that are divided in this thought whether or not bitcoin will gain and survive in the long run. So depending on who you are getting advice from, you will really get his prospective on the bitcoin future. It is really up to you to decide how much you want to invest in the bitcoin knowing there is some risks involved. But you should not invest much more than you afford to loose. Personally I think bitcoin will see much more gain in the long term.

[bitvalak]

for now not all country can receive bitcoin transactions. I think better we save a half for bitcoin and half for money cash.
Let's say the bitcoin is like a gold, so we'll use it for future investment

[bitorama]

If your private keys are safe, it's not risky

[Delarock]

There is also a risk if you keep them at home. There are many ways to safely keep your capital, bitcoin is one of them

[Zackgeno96]

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

Yes, it is risky at this moment. Bitcoins value is extremely volatile and it has to be stable enough to attract such kind of investment. Although, we believe in the bitcoins but anything can happen in the future, so it is advisable to invest only some part of your money into the bitcoins which will be less risky and in case of any unfortunate incident, the loss will be limited.

[FaithETH]

Some time ago I have invested all my money into Bitcoin and... it paid off! I have earned a lot of money thanks to Bitcoin. I'm still investing in by buying when the price declines, investing in ASIC miners and trading. I would recommend anyone to invest in Bitcoin right now. Bitcoin is still going to develop in the future and it will definitely have higher price! I wouldn't be suprised if it reached $100000 in the next 10 years.

[Koadharber]

If your private keys are safe, it's not risky

Yes its one of the important thing to keep your private keys safe but talking on other risk like price inflations? How would you able to handle such thing? This is why its risky to put all of our money into bitcoin because theres no assurance if it would last for longer years.It may give potential profits but thinking off that we would also lose up money.

[killerfrost]

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

The money in the bank is money dies, and it can not make as much profit as you invest in Bitcoin. So, you should use that money to launch into Bitcoin, you will earn a huge profit. In addition, you should use that money to invest in some other Altcoin, there are also many other advanced digital coin like Bitcoin

[Anonylz]

It would be risky if you are moving ALL your funds to bitcoin, i mean, if you have only ten thousand dollars on you bank account right now, and you want to invest those $10k on bitcoin, then it is risky, you dont know what is going to happen to bitcoin tomorrow, maybe it looks so tentative to invest all money, but trust me.
Only invest $7,5k at max, and use the rest for other kind of investment, or just save it.

[Orange Guy]

Out of all the coins bitcoin is problaby the most stable to invest your money in. But NEVER invest all your money in bitcoin

[Cling18]

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

Yes, it is because any investment is risky. If you will invest, make sure that you will only invest the amount of money you can afford to lose. However, if you trust bitcoin, you can investment your money. Don't forget that bitcoin is a long-term investment, so you should be ready to hold it for a long period of time.

[surix]

It is risky. But, what is your expectation about your money? You want them to sit there and lose value?

Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.

[lionheart89]

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

yes it is very risky because bitcoin is very volatile and nobody knows how the future of bitcoin is. but in my opinion than you keep money in the bank with a small interest rate, better invest in bitcoin but do not stay long. understand when to buy and sell.

[Quietman]

If you are going city convert your money and just store it in your wallet. It is not that risky I think. It will profit ad bitcoin's price goes up. Bit if you will invest it in some projects related to bitcoin, that would be so risky. You might have loss big part of your money so it will depend on how you'll going to invest you money into bitcoin.

[bnlllamo]

Yes it is. Lots of people loose their money in entering in the field that they dont know or did not research before entering. Risking in investment is not giving out your money you might want to know what your risking for. Now bitcoin is nearing to another all time high so if you throw your money now and it suddenly dip then it will take a while to be up again. It's a very volatile market so you need to learn about it if you don't want to loose your money.