is it risky to turn all my money to bitcoins?

[webdevmastery]

Yes it is risky, Because even the value of bitcoins today is very high, Still we did not know if it will still bloom in the future but think positively like everyone is doing and continue to support the bitcoins industry.

[Skieleton]

I guess that money you have is your saving and that you won't need it in near future? I would advise that you buy as much Bitcoins as you can.

Would you really spend all your savings on buying a BTC? At present price is quite risky. The price is +/- 1000 $ is a huge difference. I would not risk it. Unless you have time to keep track of the price ...

[valentine401]

There is always risk in different decisions that you made. Investing in bitcoins is also risky because there is a chance for bitcoins to fail. The reason why everyone is keep on investing is because of faith that the value will still increase in the future.

[ice_man75]

It is highly risky to turn all your money into bitcoins. If you were to check recently there has been a fall in bitcoin price it went from 7500 to 6200, and this is going to keep falling. Yes, it will rise but no one can be sure when and how much it will rise. So yeah at the end of the end it is not wise to turn all your money into Bitcoin.

[South Park]

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.

Lack of diversity in your investments not only has to do with bitcoin, most people make the mistake of having all their money in fiat or in real estate and that is a mistake as well, you need to have several different investments, if you have gold, stocks, crypto, real estate and fiat you have a well diversified portfolio.

[Colt81]

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

Its very risky if you turn all your money in bitcoin because the price of it is not stable so that it may lead to lossing money. Furthermore, you have trust in bitcoin you may turn all your money into bitcoin and I do believe that having a lot of bitcoin is an opportunity to become rich.

[Jinz02]

yes its very risky i thinl you need to do is half of your money turn to bitcoin so that you have some money to save

[Davidbugs2]

If you are a hodler then its not a problem I can assure you. But if you are a patient of high blood pressure then dont do that.

[katiecbell]

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.

Knowledge is the key to the success and this is the reason why all the people are having the bitcoin income and the profit, if you want to earn the high income of the best profit you must have the good income and the huge investment I can say the future of the bitcoin is bright because almost all the people are buying and selling the bitcoin I hope the coming time will be the time of the bitcoin.

[interactivecrypto]

yes it's war betwen Bitcoin and Bitcoincash https://www.interactivecrypto.com/bitcoin-bitcoin-cash-will-win/

[Granxis]

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

[phpartisanmaster]

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

Bitcoins is not increasing within just a month. It take years for you to get large amount of profit. Just work on bounty campaigns while waiting for you coins to increase its value, In that way you can still earn profit monthly from advertising the platform of ico's.

[Mulavad]

Probably a good investment, but you can make it safer.
Spread your money to another coins just in case or some other investment.
Not all in in one go.

[Guzztsar]

I certainly do not recommend buying Bitcoin in large quantities, because I've experienced it, it has negatively impacted my social life, so I started to stress. Stress is very damaging to human life .

It's almost impossible to buy bitcoins and don't get worried and stressed by those fluctuations, rumors and forks.
Besides that, you could get a little paranoid with the security. So, i agree with you, invest large amounts can be harmful to your emotional stability

[mayidid]

It is risky. But, what is your expectation about your money? You want them to sit there and lose value? If you are always afraid of taking a risk then you will never make anything good for yourself. Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into bitcoins.

[zesiro]

Probably a good investment, but you can make it safer.
Spread your money to another coins just in case or some other investment.
Not all in in one go.

Yes investing your money in different coins is good it will give you good profit in long term. investing in bitcoins need big investment that many people can't afford.

[Jessy Mediola]

That's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank. This way you will have money in case of need, and you can let your BTC converted money increase in value throughout months!

Yes it is very risky to invest here in bitcoin but if youll choose an ICO that you think is trusted dont hesitate to invest because it is really good to invest here in bitcoin because as you can see the price of bitcoin as of now it is really rising and reaching the high amount that is very interesting.

[FoxSilver]

I think everything is (at least a bit) risky in crypto.

[jlanzago]

Yes, of course. One of the key concepts in investing is called diversification, which is used to reduce risk in the portfolio (in an efficient manner, smart diversification aims to maximize the potential return, given the amount of risk you can accept).

[kriticko29]

yes it is risky. I think you should invest some of your money but not all of your money because bitcoin is moving slowly towards its target and it will be a long term run not quickly so save some money for other investments.