is it risky to turn all my money to bitcoins?

[ronremsey25]

Indeed because investments are risky but sometimes you must take the risk to be successful. If you will turn all your money to bitcoin wait for a price you think is low enough and you think it might rise from that point. If the value fall and you panic sell that where you will lose money. Better hold and be patient to wait. If the price rise from where you buy it means you are earning. So dont panic sell if the price fall, remember Bitcoin is not stable. It might get high and it might low. It is based from the demand in the market.

[_Mikasa_]

Yes it is. It is too risky to convert all your money into bitcoin. It is like gambling all your assets without taking any insurances.

[rosepetals]

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

Yes there so much risk in investing all your money in bitcoins,i suggest that if you make investment dont put everything in it.Bitcoins votality seems so unpredictable and when you invest you will take risk and taking risk takes alot of courage to what will happen next.Be more smart in investing donot do panic selling when its price dumps better to hodl your bitcoin   its the best   way to profit when its price fluctuates after the correction happen.

[claydeey]

The risk is always there on the other hand the opportunity awaits your investment in btc. Just always remember that in investment do not put all the eggs in one basket.

[gustaf.berg]

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

Of course it would be risky for you if you invest all your money on bitcoin. I hope you do not do that, act wisely, because bitcoin prices keep changing no one is set, so invest your money partly. The rest you can invest in other things, in anticipation if you experience losses in bitcoin.

Any investment is risky and before you invest you must think and not afraid for the outcome especially in bitcoin where the price is always changing. Bitcoin price keep changing in the last few days and months and if you are weak in investing and will panic if the price goes down definitely you will lose all your money. If you wanna avoid this you must pick another altcoins too aside from bitcoin then spread it. So you will have your money spread across different investment.

Explained very well mate! Totally agreed. You should always divide your investment money into different instruments. Just imagine like storing your eggs. If you put all of them into one basket and if something bad happends to that basket you would lose all of your eggs but if you divide them maybe you will have some eggs.

[wjchong]

Yes it is risky to turn all your money in Bitcoin. You advised to invest some amount of your money in Bitcoin.

[alexsandria]

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

Yes. All i can say is that it is very risky to turn all of your money to bitcoin because we all know that bitcoin today isn't that good in a sense of its value. But what is the main risk of turning all of your money into bitcoin? Well, you may end up losing all of your money it things doesn't come up good. Your miney will somehow dump if bitcoin value dump.

[decoder88]

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

Agree. Turning money into bitcoin is definitely risky. In bitcoin the word risky is somehow always there. When you say bitcoin there are some risk you need to be considered and be sure to ready and have some enough knowledge on how you handle it. Bitcoin value is the one factor who make it very risky because if you turn your money into bitcoin and sadly the value of bitcoin dump, your money will dump too. You lose.

[digitalgame4life]

In my opinion, it is risky to turn all my money into bitcoin. Because the crypto world is volatile to the point that you won't know exactly when the price will go down or up. You can invest the small amount of money that you can afford to lose, so that you will not regret in the end.

Totally agree with you young padawan, never invest all your money into bitcoin, it has risen very much the last few weeks, and something that goes up must also come down, if you do invest a good amount of money you should invest into some of the better projects or altcoins, they have much potential and are way better than bitcoin if you talk about transaction fees and confirmations.

[Mumen Rider]

Well you have a bit of a point there but still it is risky. I mean what if you got scammed in some way? All of your money will be gone. If i would suggest a thing just put half of your money on bitcoin and try to win some. You need to keep some for yourself you see, it's hard to live without money.

[pwchan001]

Investing in digital coins can be very risky, I suggest you not to devote all your money to bitcoin. However, as mentioned by some users here, you can invest part of your saving in it. In this case Even if there is a big drop in the price of bitcoin, you still have something left.

[Gladz29]

Certainly I will not recommend you to risk all your money, because it will negatively affect your personal life, you will have to constantly look at bitcoin prices. Maybe you'll see meaningless numbers in your dreams

Some people say that when you invest bitcoin you can take a risk. But it depends to people. But for me before you take a risk your money just think twice. Because its hard to find money in this day. Not all the time you can find money. But for me, when you invest bitcoin its not risky.

[ambivvvert]

YES!!! To turn all your money into bitcoin is a very big risk. We are not sure on what future bitcoin has. You cannot risk all your wealth just because you saw the continues increase of bitcoin. Yes you can invest some huge amount in bitcoin, but not all your money. There are some other things to invest some of your money that give a sure profit.

[InnMind.com]

The risk is probably not that huge. It's unlikely that bitcoin falls back to $700 but imagine you've sold your house and everything in it, bought bitcoins and then they fall only $1000. It's not a 10 000 decrease but still in your mind you'll be very disappointed because the loss will still be huge. Cryptocurrencies volatility makes them a very risky field of trading. Suitable only for those who enjoy risk

[Sithara007]

You can find my earlier post somewhere in this thread, where I warned the OP not to do any such foolishness. But now I just hope that the OP ignored my advice and went ahead with his plans. Because when the thread was created here in this forum (5th October), the exchange rate of Bitcoin was $4,300 per coin. Now it is $17,200 per coin.

[Harlot]

In my opinion, it is risky to turn all my money into bitcoin. Because the crypto world is volatile to the point that you won't know exactly when the price will go down or up. You can invest the small amount of money that you can afford to lose, so that you will not regret in the end.

Totally agree with you young padawan, never invest all your money into bitcoin, it has risen very much the last few weeks, and something that goes up must also come down, if you do invest a good amount of money you should invest into some of the better projects or altcoins, they have much potential and are way better than bitcoin if you talk about transaction fees and confirmations.

Additionally this guy is talking about his money from the bank which means it is his savings nonetheless. Never ever put all your savings on a volatile asset as it is really risky for your money to be there. Yes your money remains idle and depreciates overtime in the bank but it is better than making all your savings be vulnerable to big losses. Why not just try a portion of your savings in the cryptocurrency market first as it is better than going all in on something that is subject to too much of change.

[JayT22]

its very risky,only invest what u can lose!u wont lose all ur money,bitc can crash to a few dollars again.
bitcoin is bubble when it burst u maybe gonna lose all ur money.

[ljm8888]

The code for bitcoins is open source, and anyone can modify their own programs, and anyone can change the upper limit. But as long as you modify the cap, the bitcoins won't be recognized by existing p2p networks. But if bitcoin is really in demand and there is a shortage of supply, that limit won't necessarily move -- as long as there are enough nodes to support it, the change will be successful.

[E50M]

I think it's very risky. I would turn some money into bitkoyn, and spend the other money on tasty food, clothes and rest. and suddenly you forget the password for your wallet?

[Crypto Bloke]

If anybody really has to ask this question they must not understand what Bitcoin is/how it works.

Diversify your portfolio!