is it risky to turn all my money to bitcoins?

[Greasysprite]

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%.

I agree i think that it is very risky to turn everything into bitcoin because then if bitcoin ever would go down in value you will lose all your money and will become homeless. So i think that it is smart to have a bit of your money turned into bitcoin.

[Kurokonobasuke]

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

Even if th3 market value of Bitcoin is continuously increasing at this point that it is already expensive, it is still risky in my opinion. Bitcoin is still volatile and there's always a probability that its market value will fall anytime so turning and converting all of your money will be risky because it wilk also be technically an investment.

[cryptodyn]

I would never put all my money into BTC. Would you do it with gold?
As you probably know, never put all your eggs in the same basket.

[backedbyscience]

It depends not all options can be suitable on every situation
If your country is widely accepting bitcoin its not risky infact its a smart move to make because bitcoin is really flexible hence the situation is different when your location is not yet bitcoin supported

[Dannaey]

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%.

Yes true. All investment have risks. And we do not know what future of the Bitcoin is though there will be a large chance that it will have a positive future. We never know. So put just money that you can afford to lose.

[kmxl45]

Everybody said it...its risky....I will never take all of my money to BTC. You have to thing. If you are investor you can give part of your money to BTC like investment. If you are trader, you can put part of you money and trade, but never all of my money. You never know. I read about the guy who sold his car, take a mortage to his house and buy BTC and some altcoins to...he is totally crazy...I thing the guys cannot sleep anymore...

[CoinFlippo]

It is always risky to spend your money into something like this but you should just believe in it and think that it will be good but i will also say you should have knowledge how everything works this way you know what you are doing and don't do anything wrong.

[bitfornewbs]

Yes there's a lot of risk to turn your money to bitcoins. Basically, bitcoin is not stable as you know it. Well it is up to you if you will risk your money and you'll need to be sure you have the secure to place. Every investment you take there is always a risk. I suggest that you invest some of your money to bitcoins and not all of it. Just to be sure you will not be scam on your investment. Go for it and try it yourself.

[StrikerEureka]

It is absolutely risky! Bitcoin has a great influx of newbies right now but at someday the influx will end and that means no one is willing to buy btc at a higher price than before and people will start a massive selling like it always has been with every hype there was before. After this big correction we will see the true value of btc and it will not be its all time high... but if you like gambling you can put all the money into it that you are willing to lose

[gurupauts]

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 if the price drops and rises again in a long time it will be a loss

[mjacer]

Yes its too risky but good investment also.
Invest only what you can afford to loose.
Good investment since bitcoin grow fast as compared to other coins.

Have yourself a portion wherein you can spend and support your need.

[Bezobraznike]

It is absolutely risky! Bitcoin has a great influx of newbies right now but at someday the influx will end and that means no one is willing to buy btc at a higher price than before and people will start a massive selling like it always has been with every hype there was before. After this big correction we will see the true value of btc and it will not be its all time high... but if you like gambling you can put all the money into it that you are willing to lose

   I saw many threads on this forum from people who invested life savings in bitcoin, some people sold what they had and invested in bitcoins.
Until now this people did not made any mistakes cause they did that, they risked and now they can just take profit or wait more and take more
profit.
   We will see correction StrikerEureka, that happens from time to time. Price is rising and in long term price will go to $10000 and more, that is
not gambling. Many people still do not use bitcoins, demand is increasing and price will rise. It is risky to go all in with bitcoins, but much less
risky then gambling.

[sandos]

Investing all money to Bitcoin is a smart choice. Money in the bank just gets low interest. Investing in Bitcoin can get 30%-40% profit.

[Sendibere]

It depends on you. If your view is risky your money on bitcoins is not to go ahead. But I suggest that the price of bitcoins is rising and if you invested when you asked them here in the forums forums. It's definitely worth the amount you invested now. So take advantage of these times to buy because the time will come when bitcoins are hard to buy and you will definitely regret because the 0.001 BTC is extremely high in value not compared to the previous one at just 3 $ to 5 $.

[MarkusIsaiah]

Yes its risky if you put all your money in bitcoin, if you invest thier will be absolutely a risks attached. Bitcoin has several risks like hacking our wallets, the price of the bitcoin will totally dropped. But it is up to you if you think bitcoin is your choice to invest all your money then go ahead but be sure you will not get scam.

[grandmasters2]

Only put in what you are willing to lose!

[dustboy]

Investing all money to Bitcoin is a smart choice. Money in the bank just gets low interest. Investing in Bitcoin can get 30%-40% profit.

True that keeping your money in a Bank will get low interest only but there is no way for you to lose, different if you spend it all on bitcoin. You may get so high interest but you may lose huge as well if the bitcoin price goes down unexpectedly. We cant compare between Bank and Bitcoin imo because they are so different in any aspects.

[eann014]

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

Absolutely in a matter of investment strategy putting all eggs in a same basket would be risky but bitcoin has its own dynamics you never know what will happen in a short period of time we faced an incredible jump on prices, it is not a normal market strategy

I agree, very well said. Putting all eggs in one basket is realy risky so I suggest that put some of yout capital and look for it and if you think that it would be good  for your eggs to stay there then add some more eggs. Don't put them all so if ever you lose them, you will not lose all of what you have.

[Baby Dragon]

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

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

We all know its too risky if we put our money in bitcoin because the price of bitcoin is volatile so that there is a chance that you couldblose a lot of money. All investment is risky but you must still invest in bitcoin because it will really help you to gain more income.

[amspec]

yes it is very risky it can wipe out all your money or you money will decrease without noticing because sometimes the price of bitcoin will dump or maybe you may lost your btc wallet just deposit it in a bank for safety