is it risky to turn all my money to bitcoins?

[taiwww]

Indeed, it is risky to make an investment in single instrument.
Investment must be made in diversified sectors, because if one sector fails others will survive.
Due to limited supply bitcoin is becoming more and more volatile.
So its prices are roaring up and also coming down with same pace so it is always risky to turn all your money in bitcoins.
Banks are centralised agencies protected by governments so risk of losing your money is minimum, at least invested amount is insured.
Investment in tangible assets like gold, silver is always safe, they are not volatile as compared to cryptocurrencies.
After all it depends on our expectations from our investments, more risk gives more income, but it will not happen all the time.

[PokerStein1]

Even if it is Facebook share , LinkedIn share or Bitcoin , whatever it is , it is risky to put all you money on it because if something very bad happens how you can survive from it ? And also if you have your kids and family with you it is so dangerous even if you have %5 of losing percentage.

[masstahcoiner]

Bitcoin in 2 years for sure 15-20k range

just becouse of worldwide adoption

ALL IN DUDE

[pushups44]

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

I would argue that it's risky to put all eggs in one basket, no matter the investment. In the case of bitcoin, it is especially volatile, so there is extreme risk in putting all of your money into it. Diversification will generally minimize risk and stabilize net worth.

[Arkhan.Cimot]

if you invest all your money it depends on you whether you want to take advantage in your risk and bitcoin is very unstable with the price the most important thing is you have to look at the trade so you can see the price and that is where you will learn how you will invest as you secure your money on bitcoin safely and earn a profit there is definitely a risk you might get

[bitorama]

it's very risky, do not put all your eggs in one basket

[Delarock]

Yes it is risky to turn all my money to Bitcoins. A good idea is to diversify your investment in other crypto currencies.

[thecodebear]

since april I have been putting all my money in crypto, mostly bitcoin. And I'm loving it. Though I'll probably stop after next month. Gotta get back to paying off loans and it's getting hard to accumulate any decent amount of bitcoin now. Putting all my money in bitcoin for this half year plus is gonna change my life in the next five years!

Its hard to recommend putting all your money in bitcoin. But as long as you aren't gonna lose your job anytime soon and you keep at least a little bit in the bank for an emergency, sure it would be deemed "risky", but in terms of making lots of money bitcoin is about as sure as it gets so I don't consider it risky.

That said, diversification is very smart. After this year, any investments I make will be outside of crypto in more traditional markets in order to diversify my portfolio even though those gains will be much much slower than bitcoin.

[Zentor]

it is safe for a else one year imho, then you need to check out situation, because hype can go down

[DAVETUN]

There is no way you can turn all your money into Bitcoin,you will always require fiat, It can only happen when a Bitcoin has been accepted globally tht even the unskilled can use then youc can transfer all your fiat to Bitcoin.Still a longtime thoum when the use

[caeles]

Yes that's definitely risky, you should not turn all your money to bitcoin for it might be hacked or the value might go down. Instead of turning all your money to bitcoin why don't you invest in different cryptocurrencies? That will help you you to earn more money than spending all your money just to buy bitcoin and wait until it become huge.

[Giebaymax]

I think it's very good as long as bitcoin still runs smoothly, if you want something big then investing in bitcoin is wrong a good solution, while bitcoin will still continue to increase until the end of this year..

[XbladeX]

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

I think on curret stage of  game this is worst time.
Time to buy bicoin is when noone wnat touch it like ill people.
You need good entry and exit stragy like:
i buy deeps 10% of capital .
Inesting in Bitcon is great even today but we have hudge risk now.

[A.H.Rassel]

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

High risky to turn all your money to bitcoins in light of the fact that this year bitcoin give us a lot of benefits
my assessment is bitcoin at the present time on the top level but fundamental change anything.

[Clavulanic]

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

I think on curret stage of  game this is worst time.
Time to buy bicoin is when noone wnat touch it like ill people.
You need good entry and exit stragy like:
i buy deeps 10% of capital .
Inesting in Bitcon is great even today but we have hudge risk now.

For me I don't think much risk for now, because bitcoin price still on development to higher value in sooner time. If most of the speculations now coming out I guess they just make rumors about it, and I can recommend to all people having extra savings of their money to really invest their future with bitcoin. That's better idea rather than saving it in their vault and making it stagnant without gaining any profit due to its a fiat cash currency. If we compared it when invested to bitcoin asset it may be doubled in less than a year of holding, and although there's a risk I don't think so all that risk on all investments is exempted with that; we are all part of it as long because you won't be successful if you don't take risk your money.

[wxxyrqa]

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

High risky to turn all your money to bitcoins in light of the fact that this year bitcoin give us a lot of benefits
my assessment is bitcoin at the present time on the top level but fundamental change anything.

The fact is that in order not to fire others, there is always a risk of losing everything by investing all your money in bitokoyn. Of course, the near future of bad changes should not happen, but who can give a guarantee for the future.

[EmmanCryp]

It will be risky to put all your money in Bitcoin investment. It should be certain percentage and use remaining for other offline investments

[Lastly]

I am also thinking like you. I really see the tremendous potential of bitcoin in the future due to the adoption of bitcoin all over the world. Putting all your money into bitcoins is an effective investment.

[lepricoin]

Of course there are always risks, but they can be reduced if you invest with intelligence. Yes, and it seems to me that Bitcoin has the least risks compared to other crypto currencies, and sooner or later Bitcoin can put them up

[romec1701]

I read about a man in Australia who did just this. Turned all of his money into bitcoin (sold his house / all assets etc). Then took his family travelling paying for it by gradually turning small amounts of bitcoin back into fiat wherever he was. Sound like an interesting idea, but too risky for me