is it risky to turn all my money to bitcoins?

[Polar91]

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

Sticking into just one currency like cryptocurrency is really risky because we do not know what will be the behaviour on it in any time since it was generated and operated online, we can conclude of it being volatile and still the best way to handle our money is still to have the contentment on the balance of having both currency which is real and virtual so that we can have a back up whenever the scenario of bitcoin became too low we still have another currency to obtain financial assistance.

[carlerha]

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

Yes of course because it is an investment and an investments always have a risk and the fact that you want to invest all of your money in the bank for Bitcoin, but for this time being I think it is worth a try because Bitcoin is showing a very good sign of positivity in the market and if you are thinking that this is the bad timing in investing because the price is in a bubble state then I can't advise you with that.

I believe that Bitcoin's price will keep on increasing even though I am not an expert with the financial market because on what I have seen in the market since I discover it. Just keep this saying in mind, Invest only what you can afford to lose, regret later because you didn't even try.

I think it is not only risky to put your money in bitcoin, but i think that if you are investing your all money in any place so it is risky. you need to distribute your investment in different places. Through this way you can reduce the risk of losing your all investment in one time.

[cjinny]

Yes the thing you will do to exchange all the money with bitcoin is a risky thing. At least you have some enough paper money to spare if the bitcoin price goes down.

[Bitcoin_Delivery]

It's risky you should be able to control to buy bitcoin. although this is a good thing but when it is excessive and the price goes down you have no more savings then this is a disaster.

[shunga]

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

Actually for i think no, some of my friend kept their bitcoin to use when it needed of i think they wait the right time when bitcoin currency become high after they will get it. 

[InBTC4years]

If you keep all your money in bitcoin I do not think there's a big risk, unless you keep it on altcoins. Saving all the money on bitcoin has tremendous potential for big profits in the future.

What about if all country declare bitcoin as illegal and ban it then within seconds your investment will become zero. So it is always said that invest in several investment option and lessen the risk.

I agree with your assumption that investing in any field should have many risks, although it is not possible if all countries forbid the circulation of Bitcoin that we all do not know.

To stop Bitcoin you would have to turn off the internet. If you turn off the internet, you lose fire, police, emergency services - not going to happen. Since it can't be banned everywhere, and it works over the internet, it would be basically impossible to ban it anywhere.

[GorillaDental]

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

Putting all of your eggs in one basket...well, it's something I wouldn't do, whether it's a particular crypto coin or a stock...unless it was a company that I ran myself and knew everything about, don't think that I would do it.

[laravuemaster]

Yes it is very risky and always remember that bitcoins value is not stable since it has a market but another thing to rely is on the date or year because in the past few months you will notice that bitcoin is continuously increasing and that is a very good sign to invest more on bitcoins.

[tienigarazz]

In every investment there will be always a risk. So try to think many times before you invest your money, because bitcoin price is varying you cannot exactly predict on what year its price will rise. Try to invest atleast a half of your money, because if ever it didn't work atleast you still have a money to stat again.

[lazygin001]

Yes, that's very risky approach to turn all your money into bitcoin. At some point when you have made a fair bit of profit you better off exchange it to USD and then look to invest again.

[KnightElite]

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

Its highly risky. There is no set laws in any country related to it. Moreover its heck of volatile. So investing all your money in bitcoin is going to give you a lot of heart shocks each day. But yes invest 30-40% of your money for long term.

Yes indeed. Turning money to bitcoins is to risky because there are no set law and it is not well-secured because bitcoins are not that versitile in terms of security because anyone can go in and out with or without permission from the owner of the account.

[yoseph]

Though it is a very good investment, i wouldn't really recommend putting all your money into bitcoins alone, you should diversify into a lot of investment opportunities so that in the case where one fails, you will have others to lean on.

[alexsamudra]

all have risks, for me what is wrong to try to multiply income in bitcoin body.

[barhavsky]

i think all investment have risk so when you turn all your money to bitcoin have risk but it's worth because you can see bitcoin price's always rise up.

[ethbringer]

though i look forward to botcoin, i think its high risk to put all your money into, do not put all eggs in one basket should be a priciple of investment, and no matter how promising it is, i will not all in

[Altero]

i think all investment have risk so when you turn all your money to bitcoin have risk but it's worth because you can see bitcoin price's always rise up.

Online investment could be more vulnerable for any scam, that's make this into more risky than having investment locally. It is not a good idea of putting all your money into a single investment because a single mistake is gonna make your money falls into nothing. Half of your saving is enough for an investment but be sure to have a research before engaging into investment.

[Zarbout]

I think it's too risky to invest all what you have in one project. Don't put all your eggs in one basket.

[jirene21]

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

Well it's too obvious bitcoin is risky. But all of us need to risk because no one can be success if no one risk right?

[maydna]

i think if we know that everything that we invest have a risk then we should know that investing in bitcoin is also risk and we don't have to risk all of our money with bitcoin. if you have big money in your account then you can turn half or quarter your money to bitcoin but you must know what is the risk. the bitcoin price is always change and if you buy bitcoin in high risk then you can loss the amount of your money although there is any chance for you to recover your money in other time.

[ReyshElle]

Indeed a bad idea, btc price change times its up times it down. Astill better if you have real money.

(another thing. what if btc price went crashing during an emergency?)