is it risky to turn all my money to bitcoins?

[humanCNC]

I will not turn all my money into bitcoins, it's too risky. Bitcoin is in the early stages of development, it's future uncertain. If I risk making all my money into bitcoins, when my government forbids bitcoin, I will lose everything.

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[daarul50]

If you say risky, of course risky. We all know how the risks of trading and investment use bitcoin. the risk occurs due to fluctuations in the very active bitcoin price which leads to a fairly high risk. However, if we want to use bitcoin, of course, we must be ready with all the risks.

[ross09]

No its not, But do not spend all your money investing in bitcoins because there might be a chance anytime that it might shutdown but as of today the value of bitcoins is very high and those who invest earlier will really earn more profit.

Yes  it is a risky move if you turn all your money to bitcoin..  because there are lots of ways  of investing your wealth not just in bitcoin..or saving it in the bank.. because if you turn all your money in bitcoin you might loose it in just one click we all do not know how digital currency may going to happen if there's any trouble comes in...lets just think in a simple logic...you are doing your presentation in your personal computer and you just depending on it.. and when you are half way in your presentation then the electricity block out?? your PC restart abd everthing ...so the tendency of it was you are going to start again from the very start of your presentation...so you might do is make an back up on everything you are doin do not just depend in one ...

[BitBenefit]

Invest only what you can afford to lose. It could get you huge gains but it is also possible that you'll lose a lot of money

[Angelia46]

Yes, there are certain risks, because bitcoin is encrypted and there is a risk of being cracked, so most of the time it is part of the investment, not the whole.

[anatomst]

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

But you can earn it for free with telegram bots.
For example:
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https://t.me/DinoParkBot?start=336671839

Good luck)

[lunaalthea]

Yes it is risky to turn all your money to bitcoin because bitcoin's value continue to fluctuate, its nature is volatile although if you look into the trend of the value of bitcoin it continuously rises. Risk is part of the game to get more profit, a successful man once said trust your guts, risk is the best way to learn. I suggest to turn your money into bitcoin but not all, so that you have a safenet that when things go wrong you have money you can easily get.

[SIHIN]

each investment must have its own risk. there is no investment that has no risk. but I think for several years for the investment in bitcoin sangag profitable do not know the future like what but in my opinion for a period of 5 years this bitcoin very profitable

[sukoyomi]

If you want to make a profit then you must also be prepared to accept the loss. nothing guarantees that you get a profit in this bitcoin. plus if you are not good at investing in bitcoins, then you should not waste your money on bitcoins.

[BCTS]

There is such expression: "you can't keep all your eggs in one basket". Any investment is a risk. So just spread your budget on a large number of currencies. Even if something is bankrupt, you will not remain without pants.

[Agostosmori]

Too risky  to turn all your money to bitcoin. Unlike in the bank, if the bank is closed you can make a algal action to get all of your money in the bank. But in bitcoin you can't do some action to return all of your investment to in, it sounds scary.

[joebrook]

There is such expression: "you can't keep all your eggs in one basket". Any investment is a risk. So just spread your budget on a large number of currencies. Even if something is bankrupt, you will not remain without pants.

It's very important to diversify your investments so that in the case where one fails, you will have another investment that can support you. And don't invest all into cryptocurrency as well. Because they mostly follow the same trend.

[Xester]

each investment must have its own risk. there is no investment that has no risk. but I think for several years for the investment in bitcoin sangag profitable do not know the future like what but in my opinion for a period of 5 years this bitcoin very profitable

I agree.  It is risky and yet it is rewarding.  Putting all our money into bitcoin is okay as long as you are willing to put it all. But since the word is all, it would be really risky.  You can lose all your possession in just a snap.  Better to invest only what you can afford to lose.

[Mystika]

I think it is risky to turn all your money to bitcoin, you should invest it wisely so you won't loose all of your assets. Be wise enough on when you will place your money for bitcoin specially that the value of it are not that stable.

[futuret]

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

Yes, it is risky IF you are not watching on the movement of BTC price. Bitcoin and other cryptocurrencies are well known for their volatility - meaning, their price might go up or down anytime. If you put all your money on bitcoin, and left it for a long time there in your wallet or trading account, the tendency is that when the price of bitcoin by that time drops, then you'll lose a lot of your capital/investment. It is good if the price of bitcoin by that time rises up, but that's not the case most of the time.

I think it’s not a good idea to invest all your money and I think even billionaires are not doing so because I think it will be something stupid to do and bitcoin is such a currency where you can invest your little part of bitcoin and you can make a very good profit from it and I’m one of the example because when I take a start here so there was very less amount of money with me and now I have more than enough and it’s all is because of bitcoin.

[B0nnell]

Bitcoin will making background ithi the school books.The way forward for bitcoin is extremely vibrant .It will survive in the future however it needs updation on time to time .wn

[zentdex]

Most bank give loan fee depending in the sort of record you are into. I think there are banks that give 3% loan fee on the off chance that you won't pull back it in a while or years. Be that as it may, contributing bitcoins could give you much better returns and the 3% of a bank for a while could be one day in bitcoins market. Notwithstanding, the hazard is still there like organization going into bankruptcy and hacking. All things considered, it is smarter to leave a half in a bank for crisis purposes.

[Xabad]

We must always take into account the large volatility of the crypto currency and the possibility of a sharp drop in the exchange rate, even with the seemingly stable growth of its rate. It is best to invest in bitkoyn during the fall, and then only free money, leaving some of the money for everyday ordinary expenses.

[Sweeet123]

Yes it is risky to turn all your money into bitcoins, there is a famous saying never keep all your eggs in the same basket, as you might risk losing everything, invest only a part of your money in bitcoins, an amount that you can risk to put in bitcoins, so that touchwood if you make a loss that would not affect you in a big way. True that more the risk more the profit , but this is only true when you have a lot of resources to put on stake, else one should always play safe

[Zubayer]

No, there is no risky to turn all money to bitcoin. Because bitcoin is the best crypto currency in the world. There are so many people who invest bitcoin with his all money. Another thing that bitcoin age is so long and it can't died without giving your money.