is it risky to turn all my money to bitcoins?

[StockBet.com]

Bitcoin is not risk free.

The biggest threat to Bitcoin is an altcoin.

NEM, Dash, Monero, PIVX, Zcash all have superior features to Bitcoin, such as privacy.  However, Bitcoin has the brand, first mover advantage and name recognition.

Nobody knows which aspects will win out.

[silvari]

It is very risky to turn all your money into bitcoin because if bitcoin goes in a dip then you will lose all your money that is why it is smarter to invest just 30 to 50% in bitcoin and if you make profit with that you invest more.

[worle1bm]

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 much risky if you turn your full money into Bitcoin as it is highly volatile and prices are fluctuating each minute with great variation.keeping it in bank will give it intrest at a nominal rate but investing in BTC will give huge profits but still there is risk involved. There is saying that higher risk higher profit  and coming november fork will also have effect on BTC.So invest a moderate amount.

[Ljanesanti]

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

It is always risky. I would suggest just invest what you think you can or moreover what is the amount that you are willing to gamble. The industry as people say is indeed very volatile. Chnages time to time. The question that you should ask yourself is are you willing to lose the said amount? Or lets say a portion of it? Not that you will certainly lose it but idea of thinking the worst scenerio one of thing that you must consider before investing.

[cng-]

the simple answer is that as long as you dont need it within the next few years, it should be fine. even if you do, you can liquidate some. but you should have some liquidity in fiat for day to day needs

[Rajat97]

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

Yes turning all the money into bitcoins is risky because there is no sure data how the rates will change and you also need to need money for now. on the other hand bitcoin will take even more time to increase its current rate. Bitcoin as an investment is good but not to put in everything you have.

[yummydex]

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

Sometimes  you need to take a risk to be able to see the outcome.With that you'll be able to learn lessons in life most especially when it comes to money.

[m.vina]

It is significantly risky. Bitcoin is volatile so invest only what you can afford to lose. On the other hand, you get a relatively great price when bitcoin is high. As for me, investing in bitcoin is a definite yes. Deciding on how much of your money you should put is another story. Good luck!

[majeed]

It is significantly risky. Bitcoin is volatile so invest only what you can afford to lose. On the other hand, you get a relatively great price when bitcoin is high. As for me, investing in bitcoin is a definite yes. Deciding on how much of your money you should put is another story. Good luck!

There is no risk at all buddy. Do not bring fear to the people. If they love bitcoin, just let them buy it. As a veteran investor, I can say that ivnesting in bitcoin is totally safe. it is not wrong when you invest your money into the future. Nothing can stop the future, right? Therefore, the price of bitcoin will continue to go up and up and up and up. And you can x2 your capital in the next year or even x3. In the next 5 years, maybe you will x20 your balance by using bitcoin

[keeee]

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

First of all, dont turn all of your money to bitcoin because you still need fiat money for your to spend in your daily needs. If youre going to turn your money to bitcoin, make sure you have enough knowledge about bitcoin. Dont do some things that you are not sure especially if money is involve because its risky.

[dasdo]

This question is asked by people every time they learn about bitcoins. Every time they doubt and do not believe. So it was six months ago when bitcoin cost $ 1500, so it was a year ago when it cost $ 500, so it was in 2010, when it cost a few cents. Stop doubting, only at the risk you can achieve success.

[Candyflipboy]

I read lots of comments who say "I cannot recommend you blablabla".
Cmon, 8 years ago "mining" was some kind of madness. If any of you knew that btc will cost 5k$, you wont buy them for all the money?
BTC will increase.

[eldrin]

Investing in bitcoin is not that risky, but investing ALL of your money is not a good idea. You might need fiat money and cannot use BTC at that moment. Also, what if bitcoin suddenly disappear(but I don't think it'll happen ). Well, that's my opinion

[nexusfixus]

i think it is very risky. market might be very volatile and you might loose some part of your money quickly.
you might divide your capital and invest some part of it in bitcoins or several altcoins to reduce the risk.

[RavenHood]

Yes it is risky to turn all your money to bitcoins. Because it is all your money it’s like 100 or nothing. I know that you can invest and earn flinty of money. But are you sure that you want to give it all or use all your money to bitcoin? Can you afford to lose all your money? If you can afford to lose all your money go. But if not don’t do it, just invest or use your money that you know you can afford to lose. Like I said yes it is risky to turn all your money to bitcoins.

[kirikmax]

Let's turn all the money into bitcoin which is a right choice, because bitcoin value is increasing and it is altcoin that has a lot of potential. Decide and implement it.

[Misshi]

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

Yes. too much risk. We cannot tell what future Bitcoin holds. Even it is now having a great market impact, We cannot foresee what will happen in the future. All investments have each risk to take. So better not to put all your hard-earned money over investing in Bitcoin. Just invest what you can afford to lose.

[barcanigga]

Yes, it is very risky to put ALL your hard earned money in bitcoin. Let's just say invest 10 % or 20 % of your money in bitcoin, that way you won't be at risk of loosing large amount. The value of bitcoin is not the same it goes high and down, what if at the time that you needed cash the value is at its low point you wouldn't want that. Every investment have its own risk so we should be wise and cautious of our every move. Be educated and be updated, it won't harm if we put a safety border on up to how much we'll invest into something.

[dali_masmoudi]

Any kind of investisment is taking a risk but what matters is the pourcentage of risk. With Bitcoin the pourcentage is very low but it increases proportionally with the amount of money setted in that investisment. So personally I prefer to not invest all my money if I will do it.

[r1a2y3m4]

Yes. It is risky. Generally speaking, It is risky to invest all your money to one stream of income. to be safe, it is advisable to diversify your assets. for example, buy stocks with some of your money and but bitcoin with your other money so that if one goes down you can be saved by the other. It is like having multiple lives for a game. Diversifying your assets is like having save points. This practice is often observed in the top business man of our era. They have many business across many disciplines and trades. One may venture on the food industry and construction industry so if construction is down your food business will make you stay in the game.