is it risky to turn all my money to bitcoins?

[Marileno]

Not only is moving all our assets into bitcoin risky, but it is absolutely stupid. The same concept applies to any asset. Would you put everything you own into 1 company? or 1 property? So why would you consider putting it all into bitcoin - which is exponentially more risky and volatile than any other asset class?

Diversification is the only way to make money long term. if you not not diversified, then you are being irresponsible.

[Bandon]

It's a bad move to turn all your money to bitcoin. Bitcoin is at its early stage right now. Even though the price is high only limited people and establishments use and accept bitcoin. The best way would convert some to bitcoin but also save some money.

[JK47XdeCrypT]

Question is - what is the best store of value and cannot be inflated. As the network growth, becomes less and less risky

[radjie]

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

for what turn all your money to bitcoin? what about your need? for life everyday, to buy stuff or whatever what you need.
you can get more money if you can, but you can loss all your in one turn

yes, it is very risky to exchange all your money with bitcoin, because as you know that bitcoin prices are very unstable and difficult to predict. if we have redeemed all the money that is in bitcoin but the bitcoin price goes down then we will get a lot of losses, so better clay the chances first and make sure that the bitcoin price is stable after that then you exchange your money into bitcoin slowly.

[ms.rose]

If you can accept the risky, I encourage to do it

[Hippos4ever]

history of BTC price says no, but investment mindset should say yes. Invest no more than your willing to lose man. In time or cash.

[amilla041184]

If you can tolerate the risk of losing everything you have now in case misfortune slaps, then go convert all your money to BTC and start praying for good to happen.

[merlyn22]

all kinds of investment are risky. if you plan to  exchange your money into bitcoin what about your daily needs. i suggest not to invest all of your money in bitcoins. spare only 1/8 or 1/4 for the long time investment and keep the profit.

[Mersterious]

Yes because if the value of bitcoin is low you money is low of the value is increasing your money is high it is very risky

[Azzhan]

This is clearly unreasonable, and if bitcoin surges, then your assets will also increase, so if bitcoin starts to fall? There will be a substantial reduction in your assets.

[Mr.grin]

I think, bitcoin prices will still go up next year. even that will make many countries accept bitcoin as an investment tool, and online transactions. the price will be higher, and many people will support this. but that's just my thinking, all risk is your own responsibility.

[raihan09]

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

Of course it's risky. Because of the price of bitcoin is increasing & decreasing so fast.

[paulGems]

In my own opinion, that's a very bad investment strategy. Don't put all your eggs in one basket. Better by far to diversify your investments so that if one fails the other will succeed.

[newgal2017]

I think that yes, it is indeed a risky decision to turn all of your money to bitcoins. In making an investment it is not necessary to risk all of your possessions but, to take a portion of it to make profit, to let it grow. We all should assumed that the fact that bitcoin is under this digital world, which can grow in an instant, it can also fall and vanish promptly. You should risk what you are willing to lose.

[R21]

I think at present situation of bitcoin it's value growing so fast, so if you invest here about your 50-60% money then you can earn very good profit. i think no risk for your 50% money because day by day bitcoin bitcoin demand rising so high!

[quocsi]

I think you should not spend your entire capital on bitcoin. You should spend some money to invest in bitcoin. The value of bitcoin is really unstable. Many say that at some point its value will decrease. High risk.

[Superturacoin]

A big YES,  it is too risky to turn all your money to bitcoins it is because we really dont know the value of the bitcoin. Everybody wants a good profit make it sure your money will grow.

[sudzee2196]

Converting all ur money into btc wont be a good option.... we know that the prices are rising day by day but still u need to keep some of ur money...u can convert some of the amount..but not whole!!

[Transformbitz]

If you don't know blockchain and its purpose then your money is at risk. Our future will tells us in your own decision we can't hide it but we can be a game changer someday. people love bitcoin coz its best heaven asset. so right now I will recommend no. don't turn all your money into bitcoin. maybe 50-70% of your capital and invest it to altcoins if you want to gain more.

[Rebisco]

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

Do not afraid to put all of your money in bitcoins. There is nothing to be afraid because bitcoin is full of potential. Bitcoin will give us good future if we will do bitcoin investment.