is it risky to turn all my money to bitcoins?

[Riya R]

I don't think that it is wise to invest all your money in bitcoin. Bitcoin is really volatile, it will not be always running on the positive side.It can affect your personal life and you may get stuck without money.
I just have a single opinion, think wisely before you put your money in bitcoin. All of us know bitcoin is pretty risky.

[Aldrinx00]

Of course it's very risky. What if bitcoin price turns very low and never cope up to increase, your money will be worth nothing so be intelligent in exchanging your money for bitcoins. Just what most of the people say " invest only what you can afford to lose".

[cheesyspoils]

You have several catastrophic risks so its a terrible idea for you to convert all your savings to Bitcoin. Leave some.

[LancienMaleAlpha]

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

Yes it is. All crypto is risky. Who knows what's gonna happen to Bitcoin. But it looks reliable when stores and schools are starting to implement Bitcoin into their financial system.

[criz2fer]

Its still better not to invest all your money in bitcoin even if the high return really attracts you because it volatile, rather invest only a portion of it. Whos know's, maybe bitcoin will be more than your savings in the future.

[SyamSoedin]

if you wanna get bigger profit so invest more , but it too risky , i prefer left some in my bank saving account , and some for invest on bitcoin / altcoin

[Morchid]

I personally wouldn't invest all my money on bitcoins. Only way I would was if there was a big dip on the cryptocurrency market like it did few weeks back to $3000. 

[Pejoh Asu]

Of course this is risky, maybe some time ago the bitcoin price hike continues to happen making people boldly say that bitcoin investment is very profitable, but I think there is no guarantee that future prices are better than now so I think the safe way is not to put all the money we go to bitcoin.

[KalaiBTC]

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.

Investing in bitcoin is really a good thing to do but investing all your money into bitcoin is not a good option really. It is often said that do not put all your fruits into one basket. There are likely chances that you will suffer some kind of loss as well. You actually need to be very much careful while deciding this thing that how much money you have to invest in bitcoin. You need to have something in your account for bad times.

[supto005]

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

Obviously, it's risky to turn your all money to bitcoin. because of bitcoin have not any fix price it's always up as well as down. So, it's little bit risky. but if turn your all money to bank it better than to bitcoin because here you haven't any risk like bitcoin here you also you get money with a very low interest.

[NyLymZbl]

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.

Yes indeed. Some of them are trying to invest more money to bitcoin because of knowing that the value of bitcoin will be going to arise. But then, the risk is always be there.

[Mrengage]

It's risky because of its volatility and I also see it as gambling fine if it went up, what of if bitcoin price goes down.... Dats a headache

[Raihan050]

Personally, i think it's risky to turn all your money into bitcoin. Bitcoin price always up and down. for that here are risk because of know one know what will happen on the other hand you can deposit your money at bank where you can get money with a very low interest which is better than Bitcoin.

[moooonu]

Putting you money into something always have risk but if we look into past history of bitcoin I don't think its that much risky at all. But you will make profit from investing in bitcoin which you haven't made by investing in real stuffs.

[Dapallo]

Its risky because i think you can lose all your money. All the coins are unstable and they can fall down very hard sometimes. So i would just invest a little bit and then a little bit more.

I never did turn all of my money to btc because i need the most of them.

[Zicadis]

If you ask an early adopter they will obviously say its not and if you ask someone new to the world of bitcoin they will consider it an investment which has risk tied to it and of course going all in will be a bad idea but when you go all in at what value of the bitcoins do you want to cash out....if you answer that then give it a go.

[chukaday]

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

Even though I did something almost similar yeah I still gotta say it is not the smartest thing to do and is quite risky. Why not go half and half? You will lessen the risk while still having skin in the game, worth a thought imo.

[OverKiII]

Indeed it is very risky. Because bitcoin not have access to a regular value. Should you commit all of your money at bitcoin you do not have to expect the same worth or do not assum to earn as you anticipated. Indeed it's business which means you need believe ways of how you can earn more and to avoid your capital in a possible loss. You dont have to take a position all your cash,depart some for the cost savings and every day requirements. And have other source of income to fullfil your family's needs and wants.Business is like a betting dont give every thing that you have.

[nithin@123]

BTC price is varying day by day.So we can't say that we can get good output.So it is risky to turn all your money into bitcoins.

[noel2123]

BTC price is varying day by day.So we can't say that we can get good output.So it is risky to turn all your money into bitcoins.

correct don't put all your money in one basket ! there still many investment opportunities aside from bitcoin ! you must be well aware of the risk before you start investing ! only invest what you could afford to lose so you will not regret and blame yourself when something bad happens to your investments !