is it risky to turn all my money to bitcoins?

[Maureenjoy]

Foe my opinion, I say yes it will be risky if you put all your money to bitcoin because bitcoin value goes up and down. You’ll never know when it is high and you cannot predict when it goes down. So it is safe to save some of your money for future investment.

[inturist]

Don't put all eggs in one basket!!!
To invest, devote, or commit all of one's energy or resources into a single venture, opportunity, or goal, generally at the risk of losing everything in the event that that thing fails or does not come to fruition.

[loty1825]

The market is highly volatile and we cannot predict what is to come in the crypto market. The Bitcoin market always shows a huge leap in the crypto market every year in the beginning of 2017 the bitcoins started of with $ 1000 and now the value has surpassed $ 16619 which is a positive sign and it proves that it is a good investment and it will increase your investment by more than 20 thousand times than the current value of bitcoins. I would not suggest to put all your money in a single basket as it is too risky you can consider putting half of your earnings to the bitcoins, still you will get good returns on your investment.

Every serious investor knows that past performance doesn't tell anything about future performance. There's no sense in saying BTC will go up x20 next year just because it performed so well this year. On the contrary it may be overpriced at current price because of the CME futures market that's coming on 18 December. When people see futures market won't how such an impact on the price as they expected BTC price might even crash. Nothing guarantees you that holding BTC in next year will make profit. After such gains this year in theory there's even more chance for the price to crash, than to make x20. The more the price rises the more risky it is to hold. So putting half of earnings just in one investment? I'd rather not.

[dealer79]

The answer is yes. Imagine you get your salary in bitcoins and rate drops with 50%. Fiat money is baked by us, the people, who is behind Bitcoin? It seems NSA. Just read the following article: Evidence points to Bitcoin being engineered by NSA http://noch.info/en/2017/12/evidence-points-to-bitcoin-being-engineered-by-nsa/ , one more sorce: Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html.

[Wong Gendheng]

It's certainly very risky to put all the money into bitcoin, as we know that bitcoin is decentralized and can not be controlled so it all depends on the need, if the price drop needs to drop.

[HodlingCaulfield]

The answer is yes. Imagine you get your salary in bitcoins and rate drops with 50%. Fiat money is baked by us, the people, who is behind Bitcoin? It seems NSA. Just read the following article: Evidence points to Bitcoin being engineered by NSA http://noch.info/en/2017/12/evidence-points-to-bitcoin-being-engineered-by-nsa/ , one more sorce: Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html.

You're an idiot. Let me guess, you believe the US government was behind 9-11, right?

[loty1825]

The answer is yes. Imagine you get your salary in bitcoins and rate drops with 50%. Fiat money is baked by us, the people, who is behind Bitcoin? It seems NSA. Just read the following article: Evidence points to Bitcoin being engineered by NSA http://noch.info/en/2017/12/evidence-points-to-bitcoin-being-engineered-by-nsa/ , one more sorce: Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html.

That's just conspiracy theory guessing, not evidence.

[barbara44]

I think it's very risky if you trade all your money into bitcoin, the bitcoin price is now going up, but we have to see any future can happen including the drop of the bitcoin price. It's good for you to exchange half or some to avoid that risk.

Agreed, It is not at all a good option to put all your oranges into one basket. Bitcoin is no doubt the best possible option for investing your money and it can help you make wealthy. Even then, do not go for investing all and all your money into bitcoin.

You do need to have some money in your pocket as your backup so that in case of suffering any kind of loss, you can invest more money to recover your loss.

[AwesomePython]

That would be the dumbest thing you could ever do.

[Harper6]

Yes its risky if all our money should invest to bitcoin. We should keep some of our money for our daily needs and for our family. But if the world already accept the bitcoin. and can be used to all stores.. Maybe its the time to invest all our money to bitcoin.

Well its risky or not it’s something different question is why would use all your money in investment and as far as I know it’s not a good way to do so even billionaire are not doing so and I will tell you about bitcoin when you invest your little amount of money here it can make your money double and I’m one of the example of it because when I join bitcoin so there was very less amount of money in my pocket and now I have a lot of money just because of bitcoin.

[doycku]

I think at this time, the risk of losing capital is minimal, bitcoin is growing and will continue to grow. It is necessary to keep in bitcoin and not be afraid. you can still invest somewhere else.

[heninur]

I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

[Bitcoinjheta]

I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

I don't think its wise to invest all your money to bitcoin because its price value is unpredictable. Sometimes it's high and sometimes it goes down. It is better to balance your finances and do not just put yourself at risk. Better keep some for yourself so that whatever happens you have a back up plan.

[_noname_]

I think this is very risky, because the bitcoin price is uncertain, the price rises down unexpectedly. If the price goes up maybe it's a lucky thing for you, but if the price goes down, you could lose your money. In my opinion, do not keep all your money in bitcoin, better keep some.

Idea of the mate is correct that bitcoin price is changing with time and there is no guarantee that when the price of bitcoin is increased or decreased so it is more risky to keep all your money in bitcoin because if the price of bitcoin is fall then you can face huge loss. so the best option for you is that keep your money in some different place.

[Savemore]

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 but you can earn big amount of money if you will put all of your money to the bitcoin. Bitcoin can give you bright future. The price of the bitcoin is continuing to increase so it is better if we put all of our money.

[Ulumorzki]

Yes very risky. If you want to invest in Bitcoin maybe half of your money today but not all, since Bitcoin price is very unpredicatble, no one can tell when it will go up and when it will fall. Better to be safe.

[jobjorn]

yes. don't all in if you are not 100% sure

[mejalipat]

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

yes, too risky if you put all your money in bitcoin because bitcoin prices sometimes rise and sometimes down and unpredictable so you can lose a lot and even lose all your money if you put it all

[RawDog]

"is it risky to turn all my money to bitcoins?"


Risky or not risky - that isn't a very good question.  The only question of importance is this:
"Is it MORE risky to have bitcoin or fiat?"

If you love risk - keep your Euros.  If you want to be safe, buy Bitcoin.  It is far more risky to hold fiat like Euros than Bitcoin.

[Genemind]

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

I think if you are talking about all of the money that you have, then I guess it is really risky. The fact that you wouldn't have any money left in case of an emergency or a scenario where you'll be needing a big amount of money then you'll have none for it. In addition, not all establishments like hospital accept bitcoin yet.