is it risky to turn all my money to bitcoins?

[Dr.Osh]

For now, i would say it is risky to convert all your money to bitcoin; reason being that the cryptocurrency hasn't been accepted globally.

Maybe, but they say life is full of risk its up to you if you take it or not. But i think turn all your money to bitcoin is not wise to do because when you buy something in store, what shall you pay if you turn all in bitcoin, since money is very convenient to pay in store.

well, i still think it's risky, because we do not know when bitcoin dump is severe. bitcoin has an unstable price, so it will be very difficult to control. if you buy it in large quantities, it will be very big risk you face. but it could have brought you great profits.

[cryptopher1]

let me borrow from Babel investing strategy from Nassim Taleb. invest 85% of all your money in secure investments and 15% in risky but probably promising areas such bas crypto ot venture capital. that way you are secured, the 85% is not lying idle so its earning something even if small. then 15% you can gain hilly or lose all. then with time, you can increase each proportion as you gain knowledge

[rathaha10]

Yes its risky, because bitcoin is not a stable currency it can go hard sometimes. I mean by this that bitcoin can fall really hard and it can rise very high at unexpected times. I would if i was you just invest not more than half of your money. I think you need that money to pay things like taxes in your country. What if you lose all your money ? You would have nothing left at all.

[xandriel]

It is too risky when putting all your money to Bitcoin. You should divide for Bitcoin, altcoins, and new tokens. Don't put all the eggs in one basket

[BitHerring]

Your money is in the bank and money is circulating. Due to which you accrue additional interest on your account. Money even in the bank works, not just. Personally, I'm not ready to spend all my savings on bitcoin

[Lannie25]

i dont think so because bitcoin is safe cryptocurrency if you buy bitcoin then hold it a few year you will see you will earn money on bitcoin
but you will lose your money if you turn it to bitcoin then give to others your code or account where your bitcoin is

[judaspriest]

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

very risky, but worth the profit. so I think you just take more time to learn about crypto and bitcoin.

[Cjbrinces11]

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

Yeah. It is risky to turn all your money to bitcoin. Everything that we talked about money when trading, mining, converting, buying and selling is a matter of risking your money. So you must be wise and knowleadgeable everytime you use up your money.

[Nana21]

if you believe in bitcoin, then make all your money into bitcoin. because in bitcoin you can develop it like investing and trading. despite having many risks, you have to be smart to do this all.

[shohelalam]

So i did no understand!

Shoold i invest all my money all half?

We All knows about this line, "Don't put all your eggs in one basket" You invest all or half money with bitcoin, it's doesn't matter. It's matter how much you have capability and how much you maintaining your Money management System when you invest your money. Its profitable but not easy its also risky. Because Suddenly bitcoin big down that's time you can't mange your Financial activity if you invest your full money so you  have to plan about money management.     

[jer]

There is no risk, but there is a risk of risk. The fact that something unpredictable can happen with Bitcoin is possible, but, most likely, it will not be related to the very technology of production and protection of bitcoin. This will be some kind of side-effect - cardinal changes in the world (war, natural disaster), the global Internet shutdown, the global economic crisis, etc.

[tom101]

Yes, but not only with bitcoin, it's always risky to put all your money into a single investment.

[Mike Mayor]

It's risky to go all in with anything in life. Make sure your basics are covered. For everything else use Bitcoin. You want have regret. You have to believe in bitch and it as an investment. Always make sure you have a good plan and see the final result. Then work your way back from the final result to where you are now and if you follow through you will get there. This is called forward planning. You figure out where you want to be and then trace steps on how to get there. So no matter what you choose to do please make sure you have a good plan and not just that but you follow through. Don't have self doubt. You must believe in yourself.

[kimochidesh]

It is not just risky...I think it would be stupidity also. As you know central authorities are still not clear about BTC legalization. If any big country like China, USA, India or EU taken a negative step or make a negative announcement against Bitcoin or crypto, its value can fall like anything.
So INVEST only what you are capable to lose.

[Freegan]

No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

[swaptaker]

No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

If you be right in your theory, you can be a rich person in short term because bitcoin is likely to rise. In the opposite scenario, you obtain some loss of money because of bitcoin selection of you. I find it risky anyway.

[kendra1107]

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

Of course it's risky! You should never place all your eggs or tomatoes in one basket as the old saying goes...It is not a wise decision to do so. Only invest what you can afford to lose. At least you will still have something to left to start  off with.

[finzyoj]

No I dont think so. I have made the decision to carry out most of my finances through Bitcoin, and it has been especially beneficial for me during these days when Bitcoin has been in continuous climb. It is true that volatility can be a particularly critical factor, but the possible effects are completely reduced when you use bitcoin exclusively as a means of payment.

It is a nice decision of yours and your lucky because you fund your money in bitcoin during there is increase in the price. It give opportunity to you to get high profit but not all the time it will be like that.  It is too risky to place all funds in bitcoin because the is a chance that you are loss your funds and its profit.

[TomUyamot]

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

There are always risks involved everywhere. This will magnify if we put all our money in a single storage or investment. It is always an advice from the experts to scatter our saving as well as our investments. So I think it would be good to store money through banks and then others through Bitcoins. Bitcoin is much better because the value growth is much much faster as compared to the money in the banks.

[Babu_Moshai]

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

Ofcourse isn't it risky!  When you have money in Bank and since it is stable, you can trust and sleep! In a volatile currency, it may go anytime