is it risky to turn all my money to bitcoins?

[rocketbits]

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.

The risk is present everywhere and the bitcoin has the risk so it does not need to be worry because all the people who are using the bitcoin and the other currency must be aware of the bitcoin risk but as much as the people are thinking about the bitcoin it is not very risk so if the person want to increase the income he will have to be ready about the risk that is present everywhere.

[zombie6]

I see that this is revolutionary garbage, and now any person who starts dealing with crypto currency can make good money and this is reality) I know many people who have already made a fortune on the crypto currency! Psychologically it is difficult and I do not think that everyone should immediately go to crypto currency from offline projects! Gradually or in part the answer is unambiguous - yes!

[xiaomingdada]

Of course, because bitcoin's price volatility is relatively large, if you choose to invest all your money, you will see the price volatility and can not help but sell bitcoin. You may lose money, so I do not recommend that you invest all the money, you can vote for a small part of the money. Long-term investment bitcoin.

[katarin2030]

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.

Expected answer is apparently yes, it is risky to convert all  money into bitcoin, by cryptocurrency you can't buy everything in the world, it's known truth to all that bitcoin is volatile, so better not to turn all money into bitcoin.

[Jhon3438]

Yes because btc is volatile money and the price is go up or go down and it is risky because sometimes scammers are just waiting a chance to hack your account.. And you already know the risk in entering such a platform you desire to come up.

[cammie16]

For me the best thing to do is invest half of your money or 1/4 of it to bitcoin then the rest hold it or invest in other things. We are not sure what will happen to bitcoin in the near future so never invest all your money in btc.

[Chyton]

If you are turning all of your money into something, I can assure you that it must be risky. Everything comes with risk even bank deposits.
But right now, I think it's a bad time to turn your money into Bitcoins since Bitcoin is at all time high right now.

[nano77]

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 too risky to put all the money into bitcoin because of the fluctuating bitcoin price, it's better to just put a few so that if the loss still has money

[charlenedave]

If you decide to turn all your money to bitcoin, it would be too risky. As we all know, hackers can interfere with your wallet in bitcoin, specially when they are too good. In bank, they are able to hack account and I think they are able to do it too in bitcoin. My advice, turning all your money to bitcoin is a kind of investment to you, don't turn it all, maybe 20% of your money will do.

[CryptoGoddess]

It is risky to go all in on anything in my opinion but some risks are worth the reward. Diversification is key, spread your risks and in that way if one or more things fail there is a chance something else will succeed to make up for any losses you may have made. That said, I think a lot of people wish they'd gone all in on BTC and I am sure those who did a few years or months ago have no regrets.

[osasshem]

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

If it is in the bank yielding nothing, then put in a 70% of the money into crypto or bitcoin itself and leave the other 30% there in the bank for a day to day activities.

[Marileno]

Not only it is risky but it is fairly stupid and irresponsible. The risks facing BTC right now are greater than ever, and plugging your whole roll into it seems super silly to me. BTC should be viewed as one asset class and part of a diversified balanced portfolio. This is investing 101. If you are a gambler with no fear of risk of ruin (if you go to 0) then go for it. Create a video blog on youtube and document your journey. That way even if you fail, you'll have an audience you can monetize

[gabmen]

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

If it is in the bank yielding nothing, then put in a 70% of the money into crypto or bitcoin itself and leave the other 30% there in the bank for a day to day activities.

Probably at this point that risk would be well received but its not a risk i'm willing to take. I've read about a family who sold all assets to buy btc and right now they probably have earned quite a lot from it. But i don't have that same craziness though. Sometimes the risks earn good dividends for risk takers.

[amspec]

yes its to risky you only need to invest the money that you can afford to lose not the money that you will need for daily needs like foods

[Loopper]

Will be a big risk if all your money is made in Bitcoin because bitcoin does not have a fixed price.
This depends on your own choice

[nagatraju]

Yeah, it's very risky. The market might be very volatile and you might loose some part of your money quickly. You might divide your capital and invest some part of it in bitcoins or several altcoins to reduce the risk.

[cipher-x_09]

Definitely very risky for me because what if there is an instance that the government in your country in which you are residing have permanently banned accepting the exchanging of bitcoin then what will to you and your loved ones all of your money would be wasted for good I am not saying that it's not good to invest in bitcoin but at any rate you should not place all of your money in one place because a good businessman knows where to place all his money not just on safebox but on something where it can earn.

[tanginamoo]

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

Yes. There is always a risk on investing. But in bitcoin if you take the risk there is a big chance that you will earn than losing your money. For me, don't turn all your money. Secure your money don't get to risky. Maybe about 80% you invest on bitcoin.

[JCO05]

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

I do believe that it is indeed risky to convert all of your money into Bitcoin because in that way, you are already investing. Also, Bitcoin is decentralized and is not controlles by the governments so it is somewhat less secured compared to cash or regular currencies which are produced by different countries. I suggest you to convert only a small amount to avoid losing money.

[Rajatruck]

to put everything in bitcoin is really risky, to invest only the money we are willing to lose, in addition to diversification is the best