is it risky to turn all my money to bitcoins?

[Digitalbitcoin]

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

This is important that make only that much investment that you can afford to lose.

Bitcoin was good investment at initial stage, which give good returns for supporter and holder. But Now time is changed, Bitcoin price is skyrocketing  and governments are still in testing phase.

So, think twice before making investment in Bitcoin.

But still, Its for sure that price of Bitcoin will rise up and up and up .....

[nick_nick]

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

It is certainly risky to turn all money to bitcoins. Bitcoin is highly volatile and is also not widely accepted for all transactions as at now. Price changes can be so drastic that if unfavourable, then it would have been better allowing your money to sit in the bank with a lower interest

[TKNG]

I think replacing a part of the assets with BTC is appropriate as an asset management method.

[CrytopiaRaRa]

In my opinion, investing your money in bitcoin is good but don't invest in you can't afford to lose.

[Tabanta]

I would never turn all my money into BTC, maybe half at most.. its just too unsafe to spend all your money on 1 cryptocoin.

[humanvelocity]

Yes it is risky there are lot of people who lost a lot of money in Bitcoin without knowing the right time to invest and sell. If you are confident and you know what your doing you can end up rich.

[reynilynedago]

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

Its up to ypu but turn all your money in bitcoin is not bad because bitcoin is a good investment so if you invest your all money un bitcoin you will get more money in the future just be patient and believe in bitcoins.

[heureca]

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

Its up to ypu but turn all your money in bitcoin is not bad because bitcoin is a good investment so if you invest your all money un bitcoin you will get more money in the future just be patient and believe in bitcoins.

It is better to have portfolio with different criptocurrencies: 50% BTC, 25% ETH and 25% for altcoins like NEO, STRAT, ETC

[sagipl]

In my opinion, don't convert all your money into bitcoin. but yeah you can turn some amount into bitcoin as an investment, cause, as we know now bitcoin value, is increasing day by day and many of Cryptocurrency app development project is going on in the market. More people are joining blockchains technology. I wish i can buy one bitcoin  

[daenarys_stormborn]

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

yes I think it is very risky, because you should not invest all your money into bitcoin, because bitcoin is very fluctuating, and uncertain. and usually people will panic sell if they invest all the money.

[markleal]

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

Hi there jonathan6655321! If you mean all is that mean you will left nothing in your bank account, I hope it is not what you mean. Most bank give interest rate depending in the type of account you are into. I think there are banks that provide 3% interest rate if you will not withdraw it in several months or years. However, investing bitcoins could provide you much better returns and the 3% in a bank for several months could be one day in bitcoins market. However, the risk is still there like company declaring bankruptcy and hacking. Nevertheless, it is better to leave a half in a bank for emergency purposes.    

[xlaalx87]

Hello,
  Yes, it's very risky to turn all your money into BTC. Anyway that depends on how much money you have, my suggestion is to split the money ( if you have many ) and spend them on alternate coins. Just start with low value coins investment ( value under 0$ and up to $1000 ). I will also suggest to take a risk with MLM bussines. Everyone fears a MLM but as we all know at the beginning they all return profits, so my ideea is to invest on medium term, recover my investment and then let the profit work. I have a lot of ideas but no one can guarantee that you will become millionaire.

[rehydrogenated]

How could turning all your real money into bitcoin possibly be risky? J/K

Risk = Reward. The reason bitcoin is rising so fast is precisely because of how risky it is. Imagine you make a million dollars in bitcoin and then suddenly someone hacks your account or the exchange goes out of business and steals it all. That doesn't happen at the bank. If the economy of Japan takes  hit you will see bitcoin drop like a rock. There are very real risks with bitcoin, including the fact that PoW stops no one knows how to continue to value bitcoin. It's very much a gamble.

Nevertheless if you are only earning <2% on your savings maybe you should put 5% of your saving into bitcoin. You may earn more than you would earn in the bank from that small investment. And if bitcoin drops 50% then at least you only lost 2.5% of your saving and your wife won't divorce you.

[ardhigalau]

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

If you compare it with your silent money in the bank, better invest 30% - 40% of your money to buy bitcoin. Let money work for you, not you who work for money.

[yusupjatigumilar]

All decisions must have risks included in the bitcoin investment world, it's back to us, the extent to which we can take advantage of opportunities and turn risk into a potential opportunity to generate as much profit as possible, Do not be afraid of the risk if we want to get a satisfactory result,

[Creating N Action]

It's better to turn some amounts of our money to bitcoin because we all know that the value of bitcoin is increasing day by day. By now bitcoin is a good investment to increase and get the higher income from your money. When you don't get all your money in your bitcoin wallet and don't turning into bitcoin you cannot realized the growth of your money. That's why we need to procure nowadays on how to hold and to grow up our money in our wallet.I think it is risky to turn all money to bitcoins but it defend on the person and how much moeny he/she have.That's why we need to check our bitcoin day by day to make it safe anytime or have an update whenever you do bitcoin.

[mindfly09]

It depends on you, i think this is a good idea to turn all your money into bitcoin and its no risky. Today is a best time, Because bitcoin price is good and to the future it is still increasing. I think on the future bitcoin price become higher and we can earn good profit. Its good that turn all your money into bitcoin because now bitcoin is the best investment and popular currency. You don't need to worry that's a possibility that there is a big chance to double your money.

[xlaalx87]

Can I meet some people specialized in trading crypto for a new project ? I have some good traders by my side - Mihai Sorin Popescu - Search Google - it was the best trader in the world. I have some ideas to create a website for investments. Please contact me !

[ken0203]

it is too risky of you'll turn all your money in to the bitcoins .if you do that what are you used for your everyday needs now? its good to turn your money in to bitcoin but take note all the that's much you've done was a negative effect or have a bad effect.

[cramcram21]

Everything has it's own risk it is up to you if you could take the risk of it,
I think the only risky part in bitcoin along its price that keeps fluctuating is the bitcoin wallet if you couldn't keep your own wallet safe.