is it risky to turn all my money to bitcoins?

[powermagic]

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

very risky, but depending on your beliefs and knowledge of bitcoin to invest all your money one thing is for sure in the investment world there is not an investment that always gives significant profit in the near future it takes a lot for you to achieve it

[conected]

too risky. yes its growing now but trends are not constant...

It is risky to turn all your money into bitcoin from one aspect. That is, if you are going to invest al your money in bitcoin, then there is a possibility that you are going to face some difficult situations. During such situation, you do need to have some paper money in your account. It is better to save some amount for difficult situations. This will help you in facing all kind of problems.

- Investment is always a story revolving around the risks, especially with bitcoin, this is a super-profitable investment, many people have invested in bitcoin and have become millionaires in just a few years, however, there are also hidden risks behind it, risks is gradually higher when the price of bitcoin is higher, so putting all the money into bitcoin is very dangerous. No one can be sure about the future of bitcoin, I know that everyone thinks the future of bitcoin will be very nice and we will become the new rich but we should accept life is never the same as in a dream, we should think about the worst situations and prepare the measures to deal with it, not always think about the good things, that just makes us blind in thought

[weblouartisan]

In my opinion, Yes it is risky. There is no doubt that bitcoin is good for long term invest but we are all really not sure about the future so its better to have remaining money on your pocket just in case this industry will come down.

[tokensale.wtf]

Of course it's risky. But considering your situation which I do not know, you may beat the karma (or chance or Universe or probability) and get off with it pretty good. Life's the absolute risk! That constant inevitability of death sure makes it easier to do crazy things

[RifatAB]

NO it is not a risky thing to turn all money to bitcoin. Because bitcoin is more safe than real money. So you should turn all your money to bitcoin.

[Captain Sneeze]

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

it will depend how you will turn your money into bitcoin even it is not in the bank instead you will convert it. However there is possible your money will increase if you convert it in bitcoin and it will be a big risk if all your money is made in Bitcoin because bitcoin does not have a fixed price, that
is depends on your own choice.

[rameshEl]

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

I do not recommend at all. "Do not put all your eggs in one basket" is one basic rule when you are investing.

[Amanda Krause]

Obviously, it's so risky! Look at the price of Bitcoin. It's not static - it always increases and vice versa. Remain your money in your pocket as we can't predict the future.

[M_Haris]

Yes, it is risky indeed. But invest 50% of your money, risk is part of life. 

[hxk451]

Obviously it is dangerous to change over all the cash that you hold to BTC. You can lose it effortlessly of you're not sufficiently watchful. On the off chance that you need to go out on a limb then you can do it. Despite the fact that I inform that you contribute half concerning your cash to cryptographic forms of money and half of it stays to your bank funds.

[Eureka_07]

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

I think it is risky to turn all your money to bitcoins because if you don't have enough knowledge about investing then your money may turn into nothing! And as I said that it is risky to turn "all your money to bitcoin" because as soon as you convert it to bitcoin the value of your money will decrease but it will increase as soon as the bitcoin price will increase in the market. I suggest that you should try some of you money not all of your money when investing in bitcoin.

[saqibmunir]

Yeah it's very risky it is because that crypto values are volatile. These currencies are undergoing big ups and downs in a short period of time. You won't know if you'll get a profit or not or you'll just suffer the negative outcome.

i don't ever think that it is risky or any type of factor of risk in this technology. When it comes to malicious threats like hack and scam, this the most worst thing happen if you invest all your money in any other crypto other than btc, You could hardly recover your money. in the case of specially btc i think the risk factor is much low.

[megalith07]

Indeed it is unsafe putting all your cash into BTC in light of the fact that you can't tell what's going to happen tomorrow BTC is so flighty today it has a decent esteem yet you may progress toward becoming shock tomorrow it never again have the value it has today and may all of a sudden crash and lose its value.so better sheltered and don't put all that you have in a dangerous circumstance

[atileture]

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

yes, risky better to divided your money into gold , cash , bitcoin and altcoins so all time you will win .

Bitcoin  have value  at 2017 because price increase 1000% that make all try to put them money in bitcoin.

[diegz]

NO it is not a risky thing to turn all money to bitcoin. Because bitcoin is more safe than real money. So you should turn all your money to bitcoin.

In terms of safety, I think bank is still safer in keeping your money, they are insured and accessible once you need it. While in bitcoin you need to convert it to fiat when you need it, paying the transaction fees.

I would not advise turning all of your cash into bitcoin, it's a bit of a hassle when you need it, except if you can use bitcoin as it is in where you are.

[Noesly]

For me I think is it risky to turn all my money  to bitcoin for me also, why because we didn't know all what happen, I didn't say don't trust to bitcoin but careful if we invest or etc.to bitcoin.

[musharaf]

in the currency market every thing is risky and that' why these are high demanding things like in the fiat currency if you put the money into the bank for several years they will give you a minor amount of interest over that. but on the other side the money is devaluing day by day so if they pay you high in the future that will be not the profit. on the other side if you buy the crypto currency now at a low price you can sell them tomorrow at a high price therefor it is good to turn all your money into bitcoins.

[crocozino]

just forget it! never ever do it! It is always risky to invest all money in one currency or segment. Like put all your eggs in one pot!  Always invest what you have in diversified tool. I agree that  bitcoin is the most popular and successful cryptocurrency, but it risky as hell too. Bitcoin is more volatile than any other currency therefore can suffer a lot of ups and downs.  So watch out!

[fempat]

Its very risky. Don't forget the golden rule of investment, "Don't invest more than you can afford to lose." Bitcoin is not stable yet. One moment it could soar, another moment it could dip.
If you want to invest in cryptos, try diversifying your portfolio. Look for promising altcoins and invest in them. That way you are better off.

[KpopLord]

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

Yes, it is indeed risky. You should save some money for yourself. Yes, investment is indeed all about gambling and giving your all but you should always calculate risks before doing it. You should consider the things that you are going to gain and going to lose. Just like in love department, you should always save something for yourself.