is it risky to turn all my money to bitcoins?

[Omega Weapon]

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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.

[domgamer]

Yes it's always risky to put all of your eggs in one basket because we don't know what will happen to bitcoin. Put only the amount you can afford to loose.

[yamortsac]

I think it is risky to turn all your money to bitcoin since it's price is not yet stable, if something bad suddenly happen nothing will be left to you. It is better to turn only half of your money so that you would not feel afraid everyday looking at the price of bitcoin. But be positve because i believe bitcoin price will continue to rise.

[mammoniter]

Certainly I will not recommend you to risk all your money, because it will negatively affect your personal life, you will have to constantly look at bitcoin prices. Maybe you'll see meaningless numbers in your dreams

True, you should also spend your money to the things you love and enjoy your life as long as you can regardless of your financial status. Investment is a good way to secure the future but it is nothing if you can't enjoy your present. We all should live a balance life while in pursuit of our happiness and I think we could finish and do our job well when our mind and body are in good conditions which is also a form of investment for our future.

[romero121]

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, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank.

As mentioned, it has got risks along with the growth as an attachment. Here one need to understand that, for the risk it has the higher will be the earning. As mentioned bitcoin price fluctuates in unexpected time, but the same haven't made users into loss if the user have patience. For emergency requirements it's good to keep certain amount in banks, so that can be withdrawn without much complications by the time of need.

[learner 7]

Why then sometimes we go to extremes. In my opinion, everything should be done judiciously. It is not necessary to translate everything into bitcoin. Also, it is not necessary to earn all the money. In any situation, you have your part, be happy.

[MetalGear]

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

Everything has their own respective risks. That money in your bank is your financial support. I cannot tell you what exactly to do but remember if you ever decide to buy bitcoins in large amount, be sure you still have some money left. You cannot live entirely dependent to bitcoin. Combine them! Use each other's advantage to cover up the disadvantages. Fiat or crypto, they are still both money so use it wisely.

[beezare]

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

yes of course very risky because you can lose all your money and you will lose bankruptcy just because put all your money in bitcoin, bitcoin price is unpredictable if you are lucky you will get many advantages but if you are not lucky then you will experience big loss , you better put money in bitcoin only a few, and the rest remain in the bank

[Brigalabdis]

Dont put your money on bitcoin only.  If you save your money, you can be ready for what happen atleast you have a money for some needs when you wait for rising the bitcoin.

[The_prodigy]

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

Bitcoin has a reputation for the ability and its characteristic to have stayed and suvived this long. Howver one of its major flaws is its volatility and umpredictability which have hampered capitalists and invnestors on being completely getting sold on it. That is why ai think it is not wise to turn all your money into bitcoin just yet

[mikki14]

It is very very risky. Bitcoin price may continuously increasing (the rise is higher than the price fall), the interest that you might get from BTC compared to banks may be attractive and tempting. But risking all your money, I don't think it's advisable. BTC's volatility ia very high. It's always up to you.

[SacriFries11]

Of course, it's risky to put all your money into bitcoin since bitcoin's price is not stable, it will not guaranteed you an easy money especially if you're only targeting a short term investment. You should try to put your money for long term investment so that this will give you more profit at the end. Investment always come up with a risk but we should know how to minimize it so that it will regret it at the end.

[idorez]

in my opinion, there is no risk investing all of your money in bitcoin. I believe that in long term bitcoin will certainly rise. but for me, I wouldn't dare doing it.

maybe you could just download an app that could track down your investments and pretend like you invested all your money on BTC, write it down on the app and see how it's going. in a couple of months you'll see if this would be a right step or wrong.

[Core.BUSTER]

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

Follow your heart but never forget your brain. Always remember that bitcoin is a long term investment so it requires a lot of time and a lot of patience. Holding to it until such time you can hear the money talks. It is still a good idea to save up at least a little in the bank in case of misfortunes. Nothing beats the investment which you know put up with for a long time.

[Mechill]

Dont put your money on bitcoin only.  If you save your money, you can be ready for what happen atleast you have a money for some needs when you wait for rising the bitcoin.

It doesn't make any sense, either we turn all of our coins in bitcoin or not, we are still going to get our money back if we are going to sell it, simple as that, so there is no reason to doubt it and hesitate because I assure you that it is worth to try.

[ZaynDale]

Actually the risks of very high. WE don't know the future and maybe one of these days Bitcoin will cripple alongside with all Altcoins..although Bitcoin's speculation to $10k is very high e can't assume that would happen according to the experts predictions. Don't put your money to Bitcoin but only portions of it.

[Troilo]

Putting your money anywhere is risky, even in banks. Just choose which one your prefer.

[noormcs5]

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

yes of course very risky because you can lose all your money and you will lose bankruptcy just because put all your money in bitcoin, bitcoin price is unpredictable if you are lucky you will get many advantages but if you are not lucky then you will experience big loss , you better put money in bitcoin only a few, and the rest remain in the bank

Why it is risky? If he has ability to do investment or trading then why not he should try it. But i am agree on point with you, the risk is that if he is using his all money, better for him to invest on bitcoin little money and then test it, if he get profit, then continue it. But i rely he will always in a profit if he invest his money on bitcoin.    

[jakoylantern]

For me yes, it is risky to turn all your money to bitcoin. Even you can profit a bigger money into bitcoin you can’t change the fact that bitcoin price is not stable. A bigger investments have a bigger risky. In the end spend money into bitcoin that you are afford to loss, maybe in the end bitcoin price fall down. 

[vegethegreat]

You're asking about the risk in investing all your money in bitcoin, yes its a vey risky decision. As we know cryptocurrency is not yet established & uncontrolled by the government, the price might dropped and totally wiped all your investment. You should be careful in your decision specially when it involves money.