is it risky to turn all my money to bitcoins?

[DoublerHunter]

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

Sure that bitcoin is risky so if you turn all your money here in bitcoin it is a big risky because tha value of bitcoin is not stable compared to others but dont worry if you believe in bitcoin i think you will get a  huge of money someday.

It is better if he will just pull out the amount or the percentage of money that he can't afford to lose so he will be safe for his investment in bitcoin because bitcoin is very risky but if he can afford to lose all of those money then it is alright for him to turn all his money into bitcoins but just always stick to the saying "Do not put all the eggs in one basket".

[Waleed rose]

The Bitcoins is the only cryptocurrency who's prices are going higher and higher rapidly and its seems that the next 100 the Bitcoins could be easely survived so the idea of converting all your money to Bitcoins is good because you could also use your Bitcoins as a cash but the Bitcoins is more safe then the cash so you should convert all your money into Bitcoins.

[Dr.Osh]

maybe it will not be a risk if you buy it when the price is down. Well, for now, maybe the risk you get is small. and of course it can make you profit if bitcoin prices go up. I'm sure the bitcoin price will go up at the end of the year.

[ekkoadmiral]

i think it is risky not small, but sometime the risk can help you success. When you accept the rick, you can have many money or nothing.

[Chienna]

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 for you to achieve the success that you want. It is risky because you do not know when is the time that bitcoin will rise or fall. Bitcoin is volatile so it is risky to turn all your money but if you want to earn a lot it is the right thing to do. So better to get the chance now than never.

[Cacaparg]

Surely it is risky
My appriach is risk minimization
Also is better to have financial pillow and plan B.
Dont put all eggs in one busket.

[Gondwanaland]

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 because the bitcoin has no consistensy in value, it is volatile whih you can predict when the value of it will increase or when it will decrease. But taking risk is one thing to do to earn a lot in bitcoin. Take risk for you to have a huge money.

[Lonthe]

Of course very risky, do not ever keep all the money in one type or one place, if there is a problem then we can die or stress. I suggest to use a maximum of 40% for bitcoin.

[etsonarrantes]

Ofcourse it's risky. You are talking about all your money.. If you have money you should not invest all to one place. Spread the risk. You may try some altcoins too.

[tushin4]

No, it is not risky to turn all my money into bitcoins.If we look at the history of bitcoin,gradually it is growing.Several times it crashes its price but that is temporary.After the dump it again goes back to its position and pumps even higher.So there's no risk at all.

[Vinget-crypto]

Money's working when in a bank, so probably it's better to put some money on your bank account and convert some other sum into BTC. Just keep in mind that you only can convert the sum you may afford to.

[Hanebel]

Ofcourse it is very risky!Not a good decision, knowing that bitcoin price is very volatile and unpredictable today. Even if you say that bitcoin is rising and rapidly increase these few days, it's still very risky because price may drop unpredictably.My suggestion is you should diversify your investments into bitcoin, altcoin and invest in safe investments other than ceyptocurrency.

[Deddy_Kazekage]

If you say safe still 80% for it .. but we have a comparison of our money security doubt .. start early Bitcoin market opened there may be some complaints or fears .. but increasing days of the Bitcoin itself has done a lot of changes, especially in comfort Investors .. from there maybe you can interpret it ..

[cellat87]

I've invested 25% of my savings into crypto and I'll invest more if there will be a great dip at the market

However, only small portion of my crypto portfolio is invested in bitcoin, because altcoins will show greater return in future

Bitcoin is too heavy right now. Hoever, it is the most safe crypto investment

[Charot12345]

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

It is really risky. Even it sits on the banks without doing nothing it is much safer than in bitcoin because in bitcoin the price is volatile that means it rise up and down in no time. But if are a great risk taker you can invest it on bitcoin but invest only what you are afford to lose. If you invest in bitcoin there is a possibility that you will get very high profit or return.

[kimamaxgreen]

Buying the dip
The drop in BTC resulted in a substantial buying opportunity. Investors who bought at the lows - around $5,700 - would have realized nearly immediate 20 percent returns in just 72 hours. This only further entrenches the view that the best way to invest in Bitcoin is to ‘buy the dip’ and then HODL (‘Hold On for Dear Life’).

The apparent swap in position was set off by the SegWit2X cancellation. This along with many other negative news stories this year led to a massive short term loss. However, Bitcoin continues to remain buoyant.

[jazmuzika217]

Thats pretty risky dude. BTC demand and price is very unpredictable and very volatile. Maybe like me you should want to learn more about this thing. But I do not recommend you to invest all your money on BTC. Well maybe a lil bit of money, lets say you have invested $500 for now. But thats it dont try to invest with a bunch of money.

[RealKhan]

It is crazy to put all money in one place. As nothing is guaranteed and IF we go without thinking much then we are just going to throw up our chances to succeed. I keep my options open. I have Bitcoin and Ethereum, but I am still investing on future ICOs, as I know how much of a difference they could make. As for me< itis really wise to do as I do.

Yoy never know what will happen with its price tommorow, before dumping all your money you should think twice. I suggest you to be aware of all the risks. What you can also do is to find someone , like an expert that you can talk to.

[Scorpion]

I wouldn’t say risky it just isn’t wise to do because you need money in all forms just in case something happens and you also have an emergency. Only put money you’re comfortable being without with, also I am not a financial advisor and you will need to do your own research and make your own decisions.

[King Sastro]

Do not do stupidity, put all the money into one type of investment or one place is very risky, in life there must be a balance between risky or safe. divide up to 60% for bitcoin investment and the rest saving to the bank.