is it risky to turn all my money to bitcoins?

[PrimeBlackBelt]

Please think about this for a minute. It's called diversifying what you invest in. The short answer is YESYESYES.

[nutildah]

As of today.... EXTREMELY!!!

DON'T DO IT!!

I wouldn't buy a single satoshi until after the launch of the BTC ETF.

Then see how the market reacts and go from there.

It might be a good time to start buying alts or shorting BTC if you have the capability.

[jackhdt]

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

yes, it really is risky. Bitcoins can be give you with a much bigger profit than banks but can also cause loss of your money, or if there is a Bitcoin day die, you lose all. however I think the likelihood of success is high, please consider the investment decision, good luck

[thecodebear]

As of today.... EXTREMELY!!!

DON'T DO IT!!

I wouldn't buy a single satoshi until after the launch of the BTC ETF.

Then see how the market reacts and go from there.

It might be a good time to start buying alts or shorting BTC if you have the capability.

...well that's terrible advice

[Keeping Up]

Of course it is.
The chance of gaining a lot from bitcoin is a lot but also the change of losing it is also inevitable that is why i advice my friends that if ever do invest with bitcoin they must only use what can they freely lend and not anything more.

[Nivir]

I think Bitcoin potential is still too high. But still it is not advisable to put all your eggs in one basket. Why not diversify it. Maybe half into Bitcoin and the other into other promising altcoins or just put it in your bank account for emergency purposes.

[Domenc]

Yes , it is risky to convert all the your money into bitcoin
 The value of bicoin keeps increasing and decreasing . In this scenario it is hard to know when one is going face some heavy losses . But on the other side it can also turn out to be highly profitable. So using some amount to invest in bitcoin is good to be on a safer side.

[Bitcoininvestment]

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 to turn all your money in bitcoin. It siky because you do not know when the bitcoin will rise or fall. Bitcoin is volatile which the value of it is not constant. But you need to take risk than nhave nothing. It make your money double or bigger than before but you need to face the result of it even it is negative nor positive.

[zhopas]

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, but you need to take the risk when you convert your money in bitcoin. On the other hand when you  convert it  you need not to convert all just have a safety money for you to be safe. BItcoin can make you money double but you don't know when it rise or fall so you need to take risk for your sake.

[Gondwanaland]

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

To turn all your money in bitcoin is a risk, but you need to do it for you to earn than make it decay in bank and do nothing. Taking the risk is part of our life for us to be success. We all know that in time we make our money be bigger if we turn it bitcoin but we need toke the risk than nothing happens.

[moudazhang]

I think bitcoin is very safe, at least for now, this way of existence is the safest one, so I think you should rest assured

[Keeping Up]

Even in a normal investment such as stock market.
It is very risky to turn all your money into it. One wrong move and you may lose everthing.  And thos is also true with bitcoin,  you cannot put all your money on it.  Just invest what you can freely lend.

[gambitcoin53]

of course it is risky, any investments are paired with risk. dont put all your money in one place, btc for example, the rates are rapidly changing, now is a good time to invest, but who knows tomorrow's rate will be. you can invest your money in other cryptocurrency, just dont focus on one coin.

[markk94]

there are many people that said it is risky to turn all your money to bitcoins because of unstable prices, yeah im agree to that opinion. at least you have some fiat urgency backup so you not counted as bankrupt if all of your money is gone/ massive loss.

[sheamus10]

Of course it is.
The chance of gaining a lot from bitcoin is a lot but also the change of losing it is also inevitable that is why i advice my friends that if ever do invest with bitcoin they must only use what can they freely lend and not anything more.

Investment in bitcoin must be limited if you do not want to get bigger risk like loss. Maybe you can invest 30 to 40% of the money we have, if you do not want to risk it.
At least we can anticipate it. 

[Vladcrypto20]

Hey guys,

With bitcoin going up 3k for the last few weeks, does that mean that there will be a sudden surge in the price of bitcoin and a lot of money being lost. I am saying this right now, because a lot people can get scared from little things like Geordan Belford saying stuff like ICO`s and cryptostuff are an economic bubble. Can we trust the general public not to get scared or is this currency doomed to fall?

[prlelbnwh]

You should stop thinking about it.If you've already done so, I suggest you cash most of the bitcoins.Because most of the countries in Eurasia are much more stable than bitcoin.Bitcoin is supposed to be a good investment product, not to convert all its money into bitcoins, which requires a lot of tolerance.

[Frost149.6]

Of course, it's risky any investment is paired with risk of loss. I think you should wait until the value of Bitcoin is raised to it's maximum.
When it's maximum as you have predicted, but you shouldn't convert all the Bitcoin into money some of Bitcoin you should save in case there is more increase in the value of the Bitcoin.
And yeah you should do some research about the increasing value of Bitcoin to predict your maximum value of Bitcoin.(Note:- I said to predict).

[bitcoinveda]

better convert to USTD and once bitcoin falls u can buy bitcoin with USTD

[lesfrigosa]

Yes it is risky unless you have a lot of money and then you can spend it how much you want i would not put all in to bitcoin because if it fails you will regret it every moment i would put 50% in it and keep the other 50%.