is it risky to turn all my money to bitcoins?

[Cazemiro]

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

I believe it to be very risky because the market is very volatile, and you should diversify your money to minimize risk! Of course you can make lots of money as in some rare cases ...

[Delisaara]

turn money into bitcoin,it's very risky because bitcoin prices are unstable.
indeed looking for profit in bitcoin is very popular with some people because it is easy for those of you who know bitcoin.
many are losing money as well as the lucky ones because bitcoin prices go up and down.

[Cactushrt]

In the long term view risk is low I guess but put all money in anything is never a good choice, you should diversify.

It's not recommended to put all your money in bitcoins to reduce the risk investing in stocks or saving your money in the bank is also a good choice. Don't put all your eggs in one basket

[darthmaul]

Would you keep all your eggs in the same basket? The answer should be NO. I suggest that you should not invest more than 20% of your total savings into any share, stocks, property or commodity. Split them, its called risk management. Read about it please.

This one is good example to interpret the scenario of what can happen if you put all the money into bitcoin.


It's really risky to keep everything into bitcoin and that's really logical and we don't need to have very deep discussion about it really.

should not invest more than 20%

The percentage of investment how ever depends on the OPs bank balance! If he is rich enough and can just go easy with the investment then his 20% could be very much or less depending on the richness. So that's really personal thing to decide. But that's good figure for average investors like me!

[Titanos]

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 to put all your money in one place, even in a bitcoin wallet. Don't invest what you can't afford to loose.

[Lecsor]

I would not risk to turn all my money into bitcoin or other crypto currency. You need to remember the risks of losses in the event of a collapse and spread your money in different cells.

[Rhrokib]

Yes,Its very risky. Bitoin can dump huge anytime.so it will be bullish work. don't try to invest all of your money into bitcoin.

[jc89]

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

It's not just risky but also unwise of you if you did. You've worked hard for that money, didn't you? How would you feel if one day you accidentally lose your privkey? Or your wallet was hacked? I bet you'll tell yourself that your money should have stayed in the bank afterall. And you'll definitely be devastated and might suffer emotional distress. So better think it through before doing just that.

[Harriti]

Would you keep all your eggs in the same basket? The answer should be NO. I suggest that you should not invest more than 20% of your total savings into any share, stocks, property or commodity. Split them, its called risk management. Read about it please.

Other cryptocurrencies I can not invest much money into them, but with Bitcoin, I do not think we can not invest into it more than 20% as your said. Why do we need to negate the future of Bitcoin? It is the King in the cryptocurrency world. Bitcoin falls down synonymous altcoins also falls down, that is the rule.

[jasonjm]

It is not a wise option to invest all your money into Bitcoin there are many risks in that, so it is better to invest some of your money to Bitcoin and some to different altcoins which have the potential to grow and high market cap.

[rachelia13]

Yes very risky to turn all your money in bitcoin, but than your money just sitting in the bank without any results, why not take that risk? we never know what will happen, maybe you have luck so the money you turn in bitcoin can be doubled, but if you do not dare to take risks then my advice just put about 20% of your total money in bitcoin, and the rest you can use to buy a definite investment like gold for example

[pathapoddo]

Yes,there is risk to turnover all your money to bitcoin.Because bitcoins price always ups and downs.But if you want, you have invest in good project. Best of luck.

[hallo1488]

Yeap, it’s risky if you are talking about putting all you money into btc, it is too volatile

[zupptech0119]

today? i think yes 'cause internet are so deep, we dont know who can see us, who can spy us, and who can track us. it is better to keep your money safe and invest your small amount of money in bitcoin. we should take a risk to know/learn more about bitcoins.

[Phildo]

very risky, it’s not a wise thing if you are thinking to allocate all of your money to Bitcoin. Better you allocate it also to other sectors so if one of your investation fail then you still have another investation. besides, investation should not be allocated with all of our funds but with half or a small part of the funds we have, we invest to hope that its value will rise for future asset not become greedy.

[sublime5447]

yes it’s very very risky, BTC price can rise or fall at any time. Bitcoin market today is still very volatile, because of many new players here. if you invest your money then BTC price drop down at any time , what are you gonna do? will your hands be strong? from where money for your daily lives if you allocate all of your money to invest.

[nejibens]

Yes it is a bit risky to turn all your money to bitcoins. Bitcoin nowadays is stable and having high price, but we can't predict a guaranteed future for this crypto currency, or for its price. It will be used and traded for years surely, but the price is volatile, it can going down anytime.

[Triple]

Bitcoin is a very volatile currency in value, many people are interested in using Bitcoin because of it but the fluctuations occurred seem to have a good growth and more people want to make Bitcoin as a tool for investment, and investation is to set some part of money we have aside outside of our savings, investation is money that we save for future just like savings but fluctuate in value, it's not like you deposit it in the bank or buy gold whose its value certainly will increase. Bitcoin is heavily influenced by market sentiments, many inexperienced people, not well educated, and still have weak hands. So if you plan to put all of your money in Bitcoin you are just risking by riding a car going downhill without brakes.

[Evilmorty69]

It's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.

I think one should invest into real products or stable btc
If you are sure you wanna take risk, I'll ttry some of those: UnikoinGold or Confideal.
I have already invested 350$, hope to get some profit

[ubeng07]

very risky, it’s not a wise thing if you are thinking to allocate all of your money to Bitcoin. Better you allocate it also to other sectors so if one of your investation fail then you still have another investation. besides, investation should not be allocated with all of our funds but with half or a small part of the funds we have, we invest to hope that its value will rise for future asset not become greedy.

agree with you this is not a great idea if you will put all in just one basket much pretty better if others are on some sector cause we cant assure the possibility of it that it will never fail and we cant sure if this could be a successful thing that you must gonna do.