is it risky to turn all my money to bitcoins?

[DrYe5]

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

For me it's definitely high risk investment. Maybe if you did it 2013 when price was dropped from 1000$ to around 400$ , because there was a good chance that price will goes up to 1000$ again.
Today when price is 16 000$ it's seems pretty risky to invest all money. I have good saving on bank too I getting only 2,5% interest per year , but there are no risk for losing that , and I will never invest that money in something like bitcoin. Because I can lose it all.

So for my opinion invest only amount that if you lose all , you can live with it.

Any operation of this type can be risky, but I think it is really worth it. If you want to locate your money somewhere, Bitcoin is the best option. Your decision what to do with it but I really recommend it.

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[annbagira]

Hello all! You know any investment are risky and nobody never will return to you even 1 cent if bitcoin starting dump. All my logic say to me its sounds like never put all eggs in one basket. If I was on your place then I never go all-in sometime its better pass or check or even fold

[Luckylegs]

I understand where you are coming from. I also have those same thoughts, although as I haven't got a great deal of cash stashe'd away so I haven't got yoo much to risk. It is a risk investing in any one thing so I've come to the conclusion to spread the risk. Including some other altcoins.

[Matimtim]

Definitely yes, its better to invest a half of your money but not your all money because bitcoin has a changeable value, its because bitcoin is a digital currency, means there is a high risk to invest your all money.

Even the risk is there when you are investing in bitcoin but if you realy want to do that you are able to have good profit from that way but always remember you have to take the risk.

[Kanda Yu]

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

Yes it is but it depends on the situation. If the value of bitcoin is pumping, then turning all your money to bitcoin is a good idea but if the value is falling, you will surely risk it all since there are chances that your money will have a deduction due to the dump that is occuring. It may be risky but most of the successful people here happens to convert some of their money to bitcoin.

[Hannibalis]

I think bitcoin is over evaluated now and the price risks to decrease anytime. If you plan to hold for long term, even if the price decreases soon it will rise again later.
But, i don't advise you to invest all your money in whatever, you can invest just a part of it.

[birra guzez]

It is definitely a risky move because despite bitcoin being on the rise and it's really coming close to the moon a bit closer every day , the chance of it dropping down or falling to practically nothing at all still exists because like bitcoin came and did a revolution , something else could come up and be more crazy and innovative than bitcoin's concept and just get all the people ! And if that happens you'll find yourself in the streets so don't do it .

[Sean25pogi]

It absolutely risk if you turn all your money to bitcoin why? Because isn't subjects include to the law of the government that bitcoin is secure to be hold. So possible that all your money get loss if you don't have duties and responsibility to secure your money on all the risky situation. And always think before you enter into the not sure or secure situation if it is good or bad to our side.

[BAGOBO]

I think it's not a big deal to convert all your money into Bitcoin. if you play Bitcoin for a long time but do not invest Bitcoin I think that is the biggest mistake because Bitcoin investing is very profitable. look at me yesterday when Bitcoin touched $ 16 000 Bitcoin does not take a long time to make the highest price again

[AllGoodNamesAreTaken]

If you can stomach having all your money in a single asset... I probably could not.

[The Monkey King]

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, to stay safe don't turn it all in bitcoin. You need to divide it in your savings and to invest in bitcoin. Taking the risk is a part of a business so that we can learn from it. Every mistake has a lesson so if erver that bitcoin fails there is a another time dor you to be a successful.

[Gondwanaland]

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

In my perspective it is risky to turn all your money in bitcoin because you do not know what will happen next, ut will rise or fall. But everyone should take the eisk for thwm to earn a lot. If you don't take ut nothing happens on you and you can't learn something new about business.

[CryptOliver]

yes risky because if it becomes a decrease in auto bitcoin your money will decrease the price, not the amount is reduced but the price of the bitcoin we have. but if the price of this bitcoin rises, of course we get a profit, well this is where the benefits that we can.

[meebs]

It's a foolishness to turn down all your money at a single place either in real world or in digital world and investing all money only in bitcoins is surely a huge risk as none of us know what is the future of bitcoins and if we put all money into it and if price drops massively then it can give us huge loss on our investments.

[daarul50]

Every decision must have risks that follow depending on each of us, are we ready to bear the risk in the future? In bitcoin investments, we all already know that the risks are very high compared to other investments because the price movement (fluctuation) bitcoin is so active that the risk is very high. But, if we are ready with all the risks then there is nothing to worry about if we want to turn all our money into bitcoins.

[thet]

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

If you want to take the risk, then do it. If you want to earn a lot then do it but be ready with the risk that you can get some loss also in trading.

[criptoman83]

the higher  profit you expect from the investment, so it is more risky. On your side i wouldn't put all your money just in bitcoin.Yes,that's good idea to have 40-50% of your portfolio in BTC, but save other  50% in altcoins. I believe that next year will be the year of alts and top coins will go up rapidly. Don't miss a chance!

[miyong]

I think it is but theres a greater chance of earning more but with a great risk as well. For me, it is better to divide your money and invest it in different aspects.

[Rascar Capac]

Actually all things in a house is always risky. No need to do this i think though is has a bright future. It may hack then you will lose every investment. Good and bad people in everywhere. So you can invest a risk free amount that you can bear.

[pratik._.]

It's always risky if you invest all your money on any one investment and Bitcoin is unpredictable there could either be a great price drop or a great hike so investing all your money is too risky