is it risky to turn all my money to bitcoins?

[devarajdp]

 "Bitcoins are neither legal nor illegal in India" · How to keep your money safe if you want to invest in ... I am not sure if I'll be able to recover my remaining investment in this scheme,” he says.

[malvinlee]

I think it is better invest in bitcoin than invest in bank bcos interest of bank is not big.

[KANKEGEND]

Of course there is a risk. You know, bitcoin is volatile and you do not know if you're going to suddenly get some money. For me, I tend to buy bitcoin with a portion of my money and another portion to invest in projects that have a steady yield. It's not a good idea to buy bitcoin for all your money.

[Painbird]

everyone knows that no risk no gain so risk is common chapter of peoples life.if you are gainer then you should be take risk.after all many peoples involved in bitcoin and everyone seeing that they are future so bright with bitcoin.

[$_Z]

It is dangerous. Bitcoin is still relatively optional connection and it's value can fluctuate a lots. It can appreciate a lots from here but can be unless as talking into account ease. Hope it will not become worthless. Bur the risk is there.

[Isaacck]

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

Yes, even though bitcoin's performance is quite good nowadays, we can not make sure that it will rise forever. Bitcoin is volatile and it is risky if you invest ALL of your money. Why not invest a fraction of like 50-60% and hold intelligently. You do not have to buy all of your money to bitcoin. Of course you also need to be secured just in case.

[Aya1]

No, admittedly or not, Bitcoin fever is engulfing the world. Cryptocurrency that is decentralized and not regulated or guaranteed by the central authority is busy used to transact in various countries, including Indonesia.

Despite having some advantages over the "conventional" currency, Bitcoin is not without risk. There are some threats that lurk these virtual money users. One of them deals with the issue of Bitcoin storage.

To be able to spend Bitcoin, the owner needs a special line of code called "private key". This line of code is stored in a "wallet" or a digital wallet. When it will be used, then the owner accesses the code and uses it for the transaction.

Private keys can be stored locally on the computer or printed with the printer. Problems arise because this line of code can be stolen or lost. When that happens, all Bitcoin associated with the private key will disappear forever from the owner's hand.

[Treshkilling]

of course, it is better not to do if you want to invest in bitcoin, you invest an amount without which you won't feel slighted, and if lost will not suffer

[Tantlizbat]

Just having a good chunk of your money 'sitting in the bank' at some dumpster tier interest rate is 'risky' if you want to have a comfortable retirement someday.  At the very least you should be diversified and have some money in say the stock market which returns about 10% on average.

Personally I would take the opportunity to invest in crypto as I think the risk is worth the reward.  Putting all your money in one coin, even bitcoin may not be wise.  Diversification in all things.

Agree with you; always invest that amount of money that you can afford to lose. Every kind of investment involves certain amount of risk so we cannot predict that we always get profit from it. Yes Bank offers very less amount of interest on saving but still it offers proper safety of funds.

Invest all of your money in order to get big Returns is big mistake in my views because anything can happen. The best thing is to make proper plan and then invest according to your strategy.

[senyorito123]

Taking risk is part of our routine in our daily life,bitcoin is very risky but before you doing a move you need to research first or study so that your hardwork will not in danger,because in this online world there is many scammer in the surroundings.

[Cointribute]

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

I heard of someone who took 401K load to invest in cryptos.

[CODE200]

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

Everyday we use our money in several transactions, we buy our personal needs and primary commodities using paper bills. If we turn all our money to bitcoin, How can we make transactions on establishments that does not honor bitcoin. So It is wise to turn some of your money to bitcoin as an investment, but secure some for your daily and immediate usage.

[conected]

Taking risk is part of our routine in our daily life,bitcoin is very risky but before you doing a move you need to research first or study so that your hardwork will not in danger,because in this online world there is many scammer in the surroundings.

- Bitcoin is only dangerous at a certain level, it is not too dangerous because we can recognize that bitcoin is becoming a trend that many people are most interested in now and in the future, so bitcoin will continue to increase in the future and investing all the money in Bitcoin will not have too much risk. But when bitcoin reaches a higher value than ever, we will face many different scammers, we will need to be very careful, and again, I would like to emphasize that this is just my opinion about bitcoin, I do not encourage people to follow my opinion, we need to have our own opinions and decisions, should not believe anyone in the online world

[ChristianPogi]

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

If you didn't try to risk your money or even a small percentage of your money, from the day you start this thread for sure your are regreting about the bitcoin price hike Me too, I regret not to invest bitcoin. I rather choose an altcoin than bitcoin but it's not too late, bitcoin is getting started.

[jepoyr1]

I don't turn all my money to bitcoins but I try to buy at least 10000 pesos every month.

[kasonhills11]

if bitcoin crashes and goes to zero you are dead in the water

[Vilenosleo]

It's very risky. It's very difficult to get up from scratch. I had it 3 times.
Always have a safety airbag, it can help to sleep peacefully.

[deniskiely]

you can learn about 80/20 rule. Only 20% of money can make 80% of profit , don't need to risk them all

[Coral27]

everyone knows that no risk no gain so risk is common chapter of peoples life.if you are gainer then you should be take risk.after all many peoples involved in bitcoin and everyone seeing that they are future so bright with bitcoin.

I don’t think so it’s a good idea to use all you money in investment even billionaire’s are not doing so in here I will tell you about bitcoin which is also one the good advantage of bitcoin and that if you can take a start with your little amount of money and I happen with me when I join bitcoin so there was no money with me and I barrow a very little amount from my friend and now I’m one of the good trader here and now I’m giving money to my other friends.

[BureauChef]

Taking risk is part of our routine in our daily life,bitcoin is very risky but before you doing a move you need to research first or study so that your hardwork will not in danger,because in this online world there is many scammer in the surroundings.

- Bitcoin is only dangerous at a certain level, it is not too dangerous because we can recognize that bitcoin is becoming a trend that many people are most interested in now and in the future, so bitcoin will continue to increase in the future and investing all the money in Bitcoin will not have too much risk. But when bitcoin reaches a higher value than ever, we will face many different scammers, we will need to be very careful, and again, I would like to emphasize that this is just my opinion about bitcoin, I do not encourage people to follow my opinion, we need to have our own opinions and decisions, should not believe anyone in the online world

It's actually one of the most risky things in the world. But people who invested in it early, earned a lot from bitcoin. They were lucky persons and they deserved this by taking the risk.