is it risky to turn all my money to bitcoins?

[NovaNewbium]

Yes it is very risky to turn all your money in to bitcoins i would suggest to do 50/50 because that will give you more knowledge about how everything works and that way you can learn how to invest and what to do if it goes wrong or good.

[ride22]

I can't believe people are still posting in this thread. 

[Kizaki]

Yes it is very risky. You should put about 50% if you really want to take risk and invest. But putting it all means you'll be out of money when you fail. The idea here is to take risk but only the minimal you could take. As long as you earn, you are good. Don't put too much because you'll likely be someone who will lose all of that in the end. This is a good advice not only for bitcoin investment but also other investment you'll take in life.

[Tahid12]

Yeah. Although We know that Bitcoin,  the world number one cryto currency and more reliable cryto currency  which is hit around  7.5k  but  now 6.8k and still dumping.  What will you do if Bitcoin price go down around 3/4k??

[South Park]

Yes, a volatile currency that may fail at any time. Then, you will be screwed, your assets turned into worthless cryptocurrency. You should put a bit into btc, but not ALL of it in their.

It seems unlikely that bitcoin is going to become worthless but we never know what may cause the next crash or correction, just look the price of bitcoin it went down because the segwit2x fork got canceled anyone that bought at the top now is losing money and if things do not go right they may remain there for a long time.

[Tipsters]

Yes, we actually do not know what will happen to bitcoin. Why not invest only half of your money in bank in bitcoin? Just for safety purposes. Your money in the bank compounds but the resulting profit is not that big compared to investing in bitcoin. But still, your money is guaranteed to be safe inside the bank so just convert only half of it.

[dharnibbx]

In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins. You need to diversify your investment, speculation should be the least of your investment if you are a sane person.

[noorammak]

i think using all of my money to invest in bitcoin is very dangerous, because bitcoin is very unstable, it could bring you a lot of money if you dare to invest your money in bitcoin, but no one can guarantee you will be safe if you invest in bitcoin, because bitcoin is virtual currency so it has the risk that you have to take if you want to invest in bitcoin.

[Hotrod_88]

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

yes it is pretty much riskier than you thought, knowing that all of your money, that would be ridiculous. If you are going to invest in bitcoins or buy bitcoins do not invest all of your money, because what would you used to buy foods in the next days if you invested all of it into bitcoins. And what if bitcoins value became worthless after you spend all of your money in it. A lot of things van happen, so we better have another plan or a back up plan. So I advice that just spend at least a half of your money then gain money again then spend a half of it just do not spend it all, think about the other things that you need to spend your money on.

[yusupjatigumilar]

In the world of investment or trading must always be followed by the risk on every action we do, it returns to each of us as a trader or investor in managing these risks in order to become a profitable opportunity. Investing all our money is a big risk if we make the wrong decision, my advice "do not keep all the eggs in one basket" to anticipate when the worst thing happens we still have eggs in another basket.

[Twentyonepaylots]

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

I think it's a little bit risky to do that, because unlike real money, bitcoin is only virtually generated which means it's life depends on the internet, while actual money is more accessible and can be used anywhere anytime.

[rynah011991]

Yes it is risky to turn all your money into bitcoin, however the more the risk the greater the return on your money

[crzy]

that's very risky, if you want to invest in bitcoin, you have to use money that will not be hastily use, so you do not panic to sell it when the price of bitcoin fall,

That's right you will surely face big risk when you put all your money into one investment. Learn how to diversify your assets so you can make sure that no matter what happen you will earn money. Bitcoin is everything for me, but you have to more careful when choosing investment.

[sp01_cardo]

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

Yes, it is so risky if you turn all your money to bitcoins. Its much better to convert half of your money so you have some money remaining you need in everyday expenses. It is your chioce if you want to convert all your money and accept the outcome in the future if its income or loss.

[Getcoinsite]

How can you recover if you will put all your money in bitcoin then suddenly drops down?always remember that theres no 100% assurance here in crypto that your money will gain in as glimpse of an eye.we need to takw time and effort if we want to prosper here

[siddu67]

You can turn half of your money to bitcoin but all of money will be risky . bitcoin is so profitable but no one can guranty you that it will always be profitable . it might risky some time because no crypto currency has guranty. Its price may ups and down.

[Jafri101]

Turn your 100%money in bitcoins and soon it reaches 8k ,turn 30% back to fiat money and hold the rest 70%. That would be profitable to you and better with both crypto and fiat currencies.

[acmagbanua21]

 depends of your skills and I know that you can invest and earn flinty of money. But are you sure that you want to give it all or use all your money to bitcoin? Can you afford to lose all your money? If you can afford to lose all your money go. But if not don’t do it, just invest or use your money that you know you can afford to lose.

[w33man]

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

For me it is. Thinking about your financial needs then there might be a problem. So, the best ways is to leave some for expenses to avoid having problems, especially when needed.

[Pinoyfan]

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

Yes if you want to get a lot of money just take the risk or do something  i can say many people become rich just taking a risk to invest in bitcoin or to hold it don't panic just believe believe bellieve that bitcoin is the best crypto in the world.