is it risky to turn all my money to bitcoins?

[silent17]

Yes, Puting all your money is very risky, because Bitcoin currency always change, what if you needed your money and then suddenly the bitcoin goes down?
The value of your money goes down as well, for me. Bitcoin is only for those people who want to invest and not make it like a bank.

[whoisyourking]

Do invest some of your money not all of your money bitcoin is not stable in terms of value and legality there are gossip that bitcoin will become banned in many country taking this kind of risk will lost all of your money and also ruined your life forever..

[waqarkahloon]

it dont seems risky right now but who knows about future. So never put ur all eggs in one basket. Invest a part of your money in bitcoin and make good profit or bit loss as this is a field of uncertainty where there is big profit or loss.

[poplolnman]

Yes very risk, you should save some your money to the other things. Better for bitcoin is for long term investment.

Exactly because if we convert all our assets to bitcoin and in future we need money for some reason and bitcoin is down at the same time then we will haveto face a loss because we have to exchange bitcoin at that time. So better is invest some percent of your savings.

it's just the matter how dare are you taking risk, we have seen a lot of stories about how someone take big move by sell almost everything include their house for the sake of long term investment and while waiting the price increase they are travelling around the world. and when they back from travelling they can see how their investment work. live is about taking risk isn't it? so , it's up to you! indeed risky but it's worth!

[thinkdifferent]

it dont seems risky right now but who knows about future. So never put ur all eggs in one basket. Invest a part of your money in bitcoin and make good profit or bit loss as this is a field of uncertainty where there is big profit or loss.

That is correct. Whether it is bitcoin or any other investment you shouldn't invest all your money in any single product instead try to diversify and reduce your losses.

[Usui-Kun]

The instability of bitcoin's value is a very good reason why you shouldn't invest all or most of your real or hard-earned cash. There are lots of other things to invest in.

[moamin77]

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

I always believe that BTC (and all crypto currencies) will eventually live in parallel with FIAT, i.e. the real money (FIAT) will always exist
So, I believe that it's not even wise to convert all your FIAT money to BTC
Moreover if you're getting into BTC or crypto for investment purpose; then, as with all other kind of investment, 'play' only with the money that you can live without

[KuromaYoichi]

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

It's always risky to put all your money in one basket, in this case bitcoin. As good as it is right now, there's always some unknown risk whether it's from regulation or something else. Bitcoin is very volatile that some bad news can basically make the price crash hard so i don't recommend to put all your money into bitcoin.

[djmixen]

I think it is ok like what you said that it is on the bank and nothing to do so, it's better to change it to bitcoin because the value of bitcoin are getting high as year passes by. So you will earn more if you exchange your money to bitcoin.

[Roman Abraham]

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 very risky, because bitcoin prices are very fluctuating so it make the big risk, but if you have the courage to do it, do it buddy it's doesn't matter, you will get big profits if your investment is big too.

[supine]

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

Of course it is, you should just invest the amount of money that you can afford to lose. Even though bitcoin is a good invest, however, investing is risky. Bitcoin price is volatile which makes it hard to speculate.

[Mawnis]

Yes it is very risky because if it goes wrong then you have lost everything you have also you only need to do that when u have enough knowledge about bitcoin and know what you are doing i would suggest that you don't invest all in bitcoin but like 30 to 50%.

[aldrian09]

Turning all your money to bitcoin is 100% risky, its a no no to put all your money in one basket even no matter how much you believe and trust your investment.

[roshanface123]

It's very risky to invest all money in your hand.It's just too volatile.It held a wild fluctuation in price. Those sudden ups and downs would be bad news for your portfolio.So compensate this you should need some savings in your hand.

[cherrymobile]

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

Yes it's so risky to turn all your money in bitcoin but many people became rich by investing so try to invest the half of your money then learn about investing to get more knowledge about it , bevuase bitcoin is volatile so no one can predict the value of bitcoin .

[saeron-ssi]

It is very risky to invest all your money into bitcoins, since it isa an online trend, and if you don't know what you are really into, there is a high kind of risk. Online accounts and online transactions can easily be hacked nowadays, so it is one of the disadvantages. Another thing is that the value or exchange value of bitcoins vary depending on the trend, there will be a case that your money will be earning or maybe, and likely possibly not. So if I were you, still try to invest some of your money in banks, in real estates, in stocks and make some of it for bitcoins.

[fredo123]

When it comes to malicious threats like hack and scam, this the most worst thing happen if you invest all your money thru btc, You could hardly recover your money, I used to suggest 30% of it to btc and the other just hold it to the bank for emergency cases and future purposes. Careful always in handling btc because there are so many worst possibilities may happen if encase.

[Bram 666]

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

Yes many exchange all money to bitcoin and lost a  lot  but generally RISK mean more income and more money

it is back to you if you exchange all money you may be very very rich or very very poor

[Klestar]

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

Yes it's risky to invest all your money in bitcoin becuase bitcoin is volatile sometimes decreasing sometimes increasing.

[globaturcana]

It is very risky because of bitcoin market is very volatile. If you hold your btc very long time it can be but otherwise you shouldn't turn all your money.