is it risky to turn all my money to bitcoins?

[jonval21]

I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%,  increase of bitcoin price 2000% so imagine the huge differences.

[1715026506]

1715026506

[1715026506]

1715026506

[soenaderecho10]

I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%,  increase of bitcoin price 2000% so imagine the huge differences.

For me that is not good if your all money  turn become bitcoin because we dont know if bitcoin continue rising up so keep your other money the 10% of that you put in bitcoin because you can get a profit dont be hurry of your money going up keep slowly and surely.

[Shrinath]

It's not just risky but also not a wise thing to do.
The wisest thing would be to have a diversified portfolio.
Invest your money in various different coins or businesses.
If you lose in one you can cover the losses from other coins or businesses.

[tegarp90]

that's too risky to put all your money/assets in real life to bitcoins because we don't know what will happened next, just use "fresh" money for bitcoin which is if this "fresh" money gone, you had nothing to worried

[redhondaxrm125]

I have turned all my money to bitcoin due hiperinflation here in Venezuela i dont have an option, what im saying is depend of where you live, here is less riscky have bitcoin than bolivares, and there where you are is posible that is less riscky have fiat money than bitcoin.

for me was the right choice hiperinflation 1400%,  increase of bitcoin price 2000% so imagine the huge differences.

Wow, that is really scary. If you ask me, if i was in your shoes, i would probably be doing the same. Since it is logical judging by the happenings in your place. Thank god for bitcoin. Because there really is no other choice. No other way to protect your assets. But nevertheless, putting all your money into bitcoin is still a pretty bad thing to do. Bitcoins aren't that easy to use or spend for daily needs. Leaving a good amount of cash at hand is more logical to do if you had to protect all your money by investing into Bitcoins.

[chadtn]

Of course it is risky if we speak about all your money. But if you want to invest part of it it's not risky it's normal. Good luck

[joshua05]

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

It's not dangerous to invest big money on bitcoin because the bitcoin price is now rising, and you will not lose a lot of money if you invest in bitcoin

[geopolisch]

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.

Definitely it is not good and wise decision to put everything in bitcoin but I disagree with this statement in a way that you said bitcoins have high and low prices. That is fine, but don’t you think there are risks everywhere when you are going for making something big out of a small. Bitcoins have define shaking prices but that doesn’t mean you don’t put investment in bitcoin.

[kallen02]

For me, i think yes its to risky to turn my all my money to bitcoins. Because pricing of bitcoin is not stable. The increase of its value is not steady. It is not wise if i put all my money, otherwise i used to invest in bitcoin but not all. I do some strategy given to the price value of BTC. It depends how the pricing value.

[Bianxee]

For me, i think yes its to risky to turn my all my money to bitcoins. Because pricing of bitcoin is not stable. The increase of its value is not steady. It is not wise if i put all my money, otherwise i used to invest in bitcoin but not all. I do some strategy given to the price value of BTC. It depends how the pricing value.

I definitely agree in this.We can never escape the presence of risk in all things we do. Therefore, putting all your salt in one pot will result to a not so good taste. Meaning we have to be wise in deciding whether to invest all your money in bitcoin. I don't say that bitcoin is not good because obviously, I'm a bitcoin investor. But learning is the best prevention.

[RequiredBTC]

If the money isn't working for you and just stay in your bank account. So if me, will definitely soon invest in bitcoin. Because then we know the potential of money we have earned.

[Fujiati]

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

yes it is very risky, lest you exchange all your money with bitcoin because it will make you uneasy with the price of fluctuating bitcoin, lest you lose then hit by a sudden stroke.
just infest some of your money, and be careful.

[jirene21]

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

it is definitely risky. what if bitcoin price suddenly fall then you have nothing in return and you lose some of your money. investing is a good plan but you should always prepare a backup plan nothing will go as planned that's what life is.

[shalnark]

Definitely yes, its better to invest certain percent of your money 1/4, or half of your money but not your all money because bitcoin has value are fluctuating everyday, its because bitcoin is a digital currency, means there is a high risk to invest your all money so please be careful.

[skorupi17]

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

Everything we do in life is a risk and it is in our hands whether to take it or not. If you have confidence in btc then go ahead and invest your money. It is better to take the risks than later on think of what ifs. At least you don't need those money for now, right? So rather than it sitting in the bank it have better chances of getting profits in btc which you cannot have if it's just in the bank's vault

[Andika23]

not at risk I prefer to redeem because it would be more profitable if all currencies are redeemed into bitcoin let alone bitcoin prices are currently going up so high it's very lucky if for me

[Ronyx]

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

very risky if bitcoin prices decrease but it would be a great advantage if bitcoin prices increase. where there is a big advantage there must be a big risk too.

[dupee419]

Yes it is risky for me especially if the value of bitcoin is too high and you will invest all your money? Please do it wisely and don't do it fast always think carefully before you do because the price of bitcoin is volatile and if the you see the price of bitcoin is decreasing go ahead just grab the opportunity to invest your money and invest the money that you can afford to lose and if you are lucky maybe you'll gain a big profit or maybe small because bitcoin is unstoppable and please you have to be very wise to your decision

[BeGoods]

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

It's not dangerous to invest big money on bitcoin because the bitcoin price is now rising, and you will not lose a lot of money if you invest in bitcoin

I think it's still dangerous. basically bitcoin investment is at risk even though bitcoin is currently in good development but the future remains a mystery and may be beyond the expectations of many people. then using all the money is a dangerous thing other than you need a backup when you need money for emergency situations. you will also be very damaged if the bitcoin price goes down and does not match your expectations. keep doing the calculations before investing dude!

[nhattori27]

Yes, it is risky. Bitcoin is very volatile, it's price goes up quickly, it could also go down quickly. So It is not a good idea.