is it risky to turn all my money to bitcoins?

[mjohn]

It's always risky. Investments are risky. You never want to risk your money on just one investment tool. You have to divide it, divide and conqueror

[Oo ako to]

Bitcoin is certainly a good investment but at least try to leave a good amount for yourself. Remember that there are time in the past that bitcoin had a major fall that everyone cause to panic then selling it that leads to huge losses.

[mervs003]

Of course. What would happen if the bitcoin drop its price to the lowest ? Then you will also lost a lot of money.

[Psyloc9302003]

yes it is risky imagine if your btc wallet has been robbed(hacked) you cannot get it back not like in bank where it can it depends on the insurance of the bank..but every investment is a risk and a gamble..if you know how to play it you can earn a lot..every investment do have a drawback..

[warunacrypto]

i think go for half BTC and  half fiat currency  theory, i case BTC dump you need to money to stay, don't take risk every time, i think this time period better investment plan is collecting BTC as we can.

[hhxcwz]

The price of bitcoin has climbed to $10,000,so the answer is quite clear.At any time,buy bitoin is wise,and the price is appropriate.Bitcoin will keep go up.HOLD YOUR BITCOIN!

[Yanisumin]

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

Well well well, welcome to the crypto cummunity and to the age where almost everyone is investing some of their wealth to BTC, one of the greatest milestone of mankind.

If you have nothing to do in your money at bank why don't you try cryptocurrencies? Of course it is risky and the price discovery purely relies at the demand and supply, unlike gold the adoption are still new and fresh, so you can't expect a stable market in here. Millions of people are buying and selling for some reason, they are taking advantage of the volatile market.

When you said all of your money, it's not smart to turn all your money bro. As Warren buffet said "never test the dept of the water by both feet" and same goes for investments, always diversify and always have a countermeasures on whatever might happen in the future. Change is stable, so does everything that moves within change. Be careful on your harderned 💰.
Good luck.

[Bittoshi]

Well, I would not recommend to turn all your money into any asset (no matter if Bitcoin, any altcoin, gold, stocks or whatever). Invest 50% of your money in Bitcoin if you believe in it but keep the rest as a reserve.

[kenzruiz]

Obviously yes, it is too risky to turn all your to Bitcoins. Yes, the value of Bitcoin is continuously increasing but it is safer if you will not invest all your money in Bitcoin; invest your some money but not all.

[Bitcoinismylife12345]

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

Ofcourse it is risky because bitcoin price is changing, its value is getting higher everyday and you can profit greater amount if you invest more money in it, but it is better/safer for you to just turn 20%-30% of your money to bitcoin when its price is lower and wait for it to increase then invest the other percent to the bank. You can always risk a huge amount of money to bitcoin but you must be ready on its consecquences even if it is good or not.

[Mjeramirez]

What I can say is that bitcoin is a good and profitable investment and we can check that in our history, people who have invested in bitcoin has now basking with their profit, credible prediction says that it is likely that bitcoin will further increase it value and will continue to next year. But I am also telling you that a good investor knows to diversified, putting all your money in one investment platform no matter how good it is foolish.

"Every once in a while, the market does something so stupid it takes your breath away." - Jim Cramer

[Lancelot04]

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

Well, it depends if you're good on protecting your money. I always going in all in, but of course I'm a bit cautious about my trades and look for the news and charts.

[eviaellis]

It is a high reward with high risk investment, I suggest to invest wisely and invest only the amount which you can afford to loose. Investment all of your money in one commodity is not advisable.

[kuncimobil]

yes it is very risky when put all the money in bitcoin because bitcoin prices are fluctuating and sometimes unpredictable will make a loss if suddenly the price is down and if put all the money then we can lose all the money

[CryptoLD]

Ah ah especially at this time, don't even take this risk if you can't loose this money!

[SOHAIB BAIG]

Yes this is very risky...if yours country law bans btc then your all moneys gone...

[jinksters09]

Yes very risky! It's like put these in your mind what if the use of bitcoin happens to be banned from your country your money would turn out to be nothing. Also what if no one in your country accepts bitcoin for cashing it out then where will you get your money from. The point is always think of the risk or impact on every decision you made especially when your money and love ones are on the line.

[Naoko]

it is risky in any case, how to store all of your property in one place...there must always be a plan B...no one can guarantee an unambiguous future

[nerverd99]

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

Bitcoin is not regulated by the central bank. Investors may face extreme instability. There are risks that can pose considerable harm to the entire investment.
We can not accurately estimate the Bitcoin price from year to year. Investors can earn or lose money half of the capital invested in just a few hours.

[kunalqwe]

yes it is risky because the  value of bitcoin will be change anytime so be carefull and dont invest all your money in bitcoins.