is it risky to turn all my money to bitcoins?

[superloy]

Turning all your money into investing Bitcoin is very risky because the volatility is very high but instead it's a clever idea if only 50% of your money will be in Crypto-Currency although you'll get less profit than 100% but still you are confident if whatever happen with your investments at least you still have money to survive.

[Nold]

I'm part of their money is stored in bitcoin, some in ETH, the smallest part of sell for cash. In my opinion, safer.

[krishnaverma]

You should never convert all your money in bitcoin. Only invest 5-105 of your savings so that you are not affected much if you loose the money invested.

[Smpdytz]

Yeah it is risky .but you can manage the risk,but invest every money in one filed is not good .dont put all eggs in one bucket .i think it is good to invest 20% of your money in bitcoin

[snedyolo]

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

I think so. It is true that it guaranteed that with proper management and strategy you could possibly double your money. Still, I find it not wise to give all of your money. What if there will be an emergency whereby you'll need money? Where would you get some? Perhaps there would be any incident that would require you to pay. So, you need to leave some in case of emergencies.

[TitanGEL]

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

Investors are aware that most of the investment in the cryptocurrency are extremely risky.  Bitcoin investment is also risky but for me it is really good investment. I am continuing to earn money because of bitcoin investment.

[haxker007]

Truly it is especially dangerous on the off chance that you transform your full cash into BTC as it is profoundly unpredictable and costs are fluctuating every moment with incredible variation.keeping it in bank will give it enthusiasm at an ostensible rate however putting resources into BTC will give enormous benefits yet there is chance included. There is stating that higher hazard higher benefit and coming November fork will likewise have impact on BTC.

[saffira]

Yes it is risky. The value is volatile and we cannot know when we are already losing it. Invest only the extra amount you have. Investing is like gambling, be ready because not at all times you will win. What if you lose? Invest only what you think is alright to lose.

[jovs]

That's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank. This way you will have money in case of need, and you can let your BTC converted money increase in value throughout months!

Yes, people need to consider the volatile characteristic of bitcoin in terms of its value changes on the market. We all know that bitcoin price always depends on the support of the people, but our individual support is not enough for it to have a good development and changes on the market. But it is not highly recommended to give all of your funds just to support bitcoin, because a part of earning through investment is by dealing with savings.

[wolfgang56]

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

Yes it is kinda risky because you can lose some money or worse you can lose everything. As bitcoin is unpredictable we don't know when will it drop or increase so if you put your money on bitcoin instead of getting high profit you will just lose your money.

[m1c0]

Yes it is risky. Never put money you can't afford to lose into bitcoins because you can lose them all if you don't save them correctly and also bitcoin is a volatile market, but you should know that when looking at the chart

[NewBet]

I would say, ask yourself which is more likely to bring a better return on your investment (ROI) in the next 10 years?

If you think fiat is going to grow more in 10 years, go for fiat. If not, buy Bitcoin instead. But just consider fiat loses about 2% of its value on a tearly basis whereas Bitcoin's price increases due to deflation...

[sletra]

Idk why everyone started to keep doing this. There are some risks about everything, always. You can’t be sure, why don’t you try to put some money instead of everything you have.

[FLoving]

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.

But it is not a risk to put all our money in Bitcoin as you can see that the price of Bitcoin is always in forward direction and it increase more. The fluctuation is there in the price but all of the users are earning the profit with time.

[wenas]

If you can survive a downside period of a few days than you could actually invest everything you have and be happy some days later, payout what you need and stack on with the rest.

[wellsontheja]

Yes it's risky because no one can predict bitcoin price sometimes it would be crash and aside that bitcoin price is so volatile.
There are still some risk to doing anything but it would be better if you take a risk than do nothing and regret because you do nothing.

[DabsPoorVersion]

Idk why everyone started to keep doing this. There are some risks about everything, always. You can’t be sure, why don’t you try to put some money instead of everything you have.

Maybe the 30% of your money as your starting profit of maybe 10-20%? There nothing wrong when it comes to investing or you use your money in trading but yeah it is too risky, because there's a chance that might be you can't gain what you expected amount and on the other hand you might gain as half, you invest in your bitcoin.

[spinach98]

Turning all your money to bitcoin is really risky due to bitcoin price is volatile but if you will trust bitcoin you can be able to succeed.As we all see bitcoin price keeps on increasing at this moment to if you invest right now and wait for a couple of months or year so that bitcoin price will be very high at that time then you will sell all you bitcoin and get rich instantly,it is not too late to invest,As what others say that you cant achieve success easily but if you wont give up on bitcoin then you can achieve success.

[verygusmansyah]

If we turn all of our money of course very risky, all we have to know is that bitcoin will be profitable if we keep for a long time, I'm not sure all users will be patient to not sell in less than 2 year

[SoliDCoiNs]

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

I don't think so, is not possible for a bank to give you the same amount you could earn by just holding bitcoins.