is it risky to turn all my money to bitcoins?

[sondrik]

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

Yes friend, every investment is a risk. It's up to you to control that risk and make a profit from it.

[rpg]

Never say never. And never put all your money in one place. IMHO no more then 50 % of all money in crypto and no less then 50% of crypto in BTC

[btcdepo]

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.

Definitely. It is one of the biggest mistake that newbies do it all the time. We should always manage our risks and should not have amount of transaction that we cannot hold. That is the number #1 rule in investing. Never put all your eggs to one single basket. Always divide it to different baskets so if something bad happens to one or few baskets, you still will have some.

[Mel0nSmasher]

I think that it's some what dangerous to invest on BITCOINS for brief term expense. You can go for long term expense and can invest your hard earned money to BITCOINS if you are searching for ling phrase revenue.Nowdays it has a steady marketplace and no one can forecast that what will gonna take place in future.Just do not do not change your all money to BITCOINS put a lot of it with you if you want to invest for short phrase profit

[geo43]

Yes, that would be risky and you shouldn't put all of your eggs in one basket. You should also pick up other cryptocurrencies like Ethereum or Ripple if your investing in Bitcoin.

[kuruyama]

Yes it is risky to convert all your money to bitcoin because it is not still accepted as a currency. Besides, bitcoin is unstable. What you convert may not be the same value as it was before. But you can actually try investing if you want and if you're the risk-taker type of person,it's business after all. It is for you to decide. If you think it's profitable then give it a go.

[partysumo]

It doesn't make sense to invest all your savings in a certain way. It's the oldest rule in the book: Diversify and distribute your risk.

[daarul50]

I suggest that not all of your money is converted into bitcoin because it is still a legitimate transaction in every country by using paper money. However, if in your country there are facilities such as bitcoin ATM may be the risk will not be too influential on you. However, there are still few countries that facilitate the community to switch to using bitcoin as a means of transaction. Turning all your money into bitcoin is not the solution for now because not all real deals can be done with bitcoin.

[faycel96]

yes of course it's risky to turn all your money into bitcoin , bitcoin market is still very volatile we do know that Bitcoin is capable of volatility in the price form of 10x changes in price versus the U.S. dollar .

[Aztek]

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

It is very risky as an invetor do not put all eggs in one basket because the crypto market is volatile if bitcoin decreases you might loose more of your investment but if you know how to play the game of trading you can tolerate the risks you will encounter.

It is never a good idea to put all of your money into bitcoin. I mean you gotta save some or invest some on others. Because bitcoin is very risky and sometimes you will lose some or maybe all in investing onto it. But yes always remember to not put of what you have into something because it is a very risky thing to do. And you have to be ready with the consequences.

[psibenik]

Very risky, very volatile, but a really good bet

[Melquart]

Yes, it's risky. With bitcoin not all days are good for withdrawal. In case of urgent need of money you may sell with loss.

[ZZ8ZZ]

It's definitely better to put them all on BTC instead on alts, but still there's always a risk involved.If I were you i'd put all of the money I can invest into Vanguard stocks and forget about them, but if you mean all, like ALL the money you have, then it's definitely a bad decision to invest them all in BTC.

[nethan1btc]

It's definitely better to put them all on BTC instead on alts, but still there's always a risk involved.If I were you i'd put all of the money I can invest into Vanguard stocks and forget about them, but if you mean all, like ALL the money you have, then it's definitely a bad decision to invest them all in BTC.

If you're believeing in bitcoin and knows a lot about it, there's no doubts to make invest on it for a long-term conditions. So that for the years past by , your money will growth as well done in 2x or more base of how much money did you invest on it. But speaking of altcoins, it's all about short investment and you must search first before take a,decision which alts do you want to invest because nowadays there's a lot scams so beware of that.

[Dirkson]

It sounds like you're freaky. You shouldn't put all eggs in the one basket. This rule is right for everything in our world!
Even if you believe in future of cryptocurrencies, you shouldn't invest all your money. Think about risk you can take on yourselve and than create your own investment strategy. Like 20% — deposit, 30%  - crypto, 10 % - bonds and stocks, etc.

[Blackwhite69]

Risk and profit if you make your money to Bitcoin because of unstable price.

[Byakuya]

I think, it is very risky to turn all my money to bitcoin because bitcoin is not that much trustworthy. It can collapse easily. You should also have dolar and other cryptos like ethereum.

[Catswold]

Investing all money at single place will always an huge risk as the future of bitcoins is still unpredictable and anything can happen in future and there is also an chance that bitcoin will get replaced by some other innovative currency in future and if that happens then you will be loosing all your money at once and there wouldn't be any way to recover your loss so to minimize the risk its always good to diversify your investments in multiple products.

[Darknight31]

I think you are very passionate if you invest all the money you have in bitcoin, because with the condition of the very fluctuating bitcoin price this makes bitcoin very risky. So if you want to invest all your money in bitcoin I think is not the right thing

It will never be the right thing to do, to invest all of what you have to bitcoin. Yes bitcoin is legit, and can be a trusted investment for nowadays but to put all as in all of what you have onto it is very risky. The moment you decide to put it all is also the moment you need to be ready frmor the consequences of doing it. And the losses be ready for it.

[Diggorry]

I think it is quite risky, though investment and trust, but you should not put all eggs and a single
You can split them up into two to three times for different portfolios