is it risky to turn all my money to bitcoins?

[longsor]

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

Its highly risky,if you turn all your money into bitcoin.
you can put half of it as investment and half saved for emergencies
so,invest only what you afford to lose

[Goodsamaritan]

In my opinion, yes it is risky to release all the money to bitcoins... because that will always depends on how big the difference of the value of bitcoins to your own currency. And also if you turn all your money into bitcoins, it is hard now to withdraw all the bitcoins your stored.

[illusion_ishita]

According to me yes its very risky to invest all your money to BTC because you never know when it going to fall as we saw in few days.. Yes its chances high to go upward but anytime its going to fall and for that situation you have to ready with your backup plan.. So for me its not a wise decision to turn all your money to BTC..

[Yousint0r]

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

it is risky to move all your bitcoins into bitcoin may loss more than gain.

you can make small local business better than bank.

[darshansetty]

No It is not risky to convert all your money to bitcoin just you need to pay your tax correctly without doing any wrong things

[Wipangga]

for me it's the best If your money is kept in bitcoin it is very good, Because the price is seen every day is always up we will get much we get. If you keep the money in the bank it is also good. will But still good again save in bitcoin. 

[GeorgeEden]

for me it's the best If your money is kept in bitcoin it is very good, Because the price is seen every day is always up we will get much we get. If you keep the money in the bank it is also good. will But still good again save in bitcoin. 

Its even better saving them as bitcoin , Rather than in the bank cuz you know some times they make cuts in the bank like in cyprus on 2013-2014 where they got all of ppl money and left them just 100k.

[songplue]

There is a very high risk here。

[mrayazgul]

Turing your all money into bitcoin is really a risky task for investor. Since its volatile and suffering some ups and down, like a week ago the price was unbelievable it all most touch the 20k and now the price fall down and decrease to 13k or maybe it will decrease more. So just one thing to consider if you had turned your all money into bitcoins a week ago, You would have surly become emotional and lose your all money by panic selling.

[S.Sandberg]

yes this is very risky depending on which price you're buying at.

let's say you buy at 13k and then price drops to 7k.

your networth would be then worth only half of what it was before investing....

you know bitcoin is not a magical machine, it still relies on physics, and is there is no more investor hyper, price just drop... its all natural.

[ronypro]

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

Yes its way too much risky.Imagine you need some bill to pay at the end of the month and suddenly bitcon price dropps to 40%.
Now what ?
Its best if you do a 50-50 split save 50% at your bank and other 50 at the crypto.

[Haley444]

In the long term investment it's risky to turn all your money into Bitcoin. There is no set of laws in any nation identified with it. Bitcoin is heck of volatile so invest in bitcoin more risk, more profit but invest only what you afford to lose.

[mlgblockchain]

Of course it's risky, it's too much risky and everyone will discourage you to do that. It's not a wise move either. BUT, if your money don't serve any purpose than it's completely useless. You can do anything you like to do with it. Turn them into Bitcoins, or burn them for some worm air in this winder,, it's your call.

[s0beit]

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

Yes it is, keep in mind that you shouldn't put all your money even your savings on investment. Investment is risky even if bitcoin is a promising investment, you can still loss some money if it's price goes down. Just invest the amount of money you can afford to lose. So that if ever bitcoin price goes down, you still have money to sustain your daily expenses.

[daarul50]

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

Yes it is, keep in mind that you shouldn't put all your money even your savings on investment. Investment is risky even if bitcoin is a promising investment, you can still loss some money if it's price goes down. Just invest the amount of money you can afford to lose. So that if ever bitcoin price goes down, you still have money to sustain your daily expenses.

I agree, invest half of your money in bitcoin and save half of your money for your daily needs if needed. Investing in bitcoin is very promising but we should not take very high risks because no matter how we must prepare a very bad occurrence of the investment.

[BelieveInBTC]

Even though Bitcoin value has been growing for a long time, it is still risky. Every kind of investment is risky but what about keeping your money in banks? What if the price of gold became unstable? Lots of people would probably lose their life savings. That's why Bitcoin is a great opportunity to finally get rid of that. I still wouldn't exchange everything what I have to BTC because many shops still don't accept BTC and transaction fees are quite high.

[abamatinde77]

no i think it's a good investments for your money and it's a good idea too instead of stocking it on bank..

[mintomia199]

i think it a bit risky to me to turn all money in bitcoin. as bitcoin price is not stable,it is very risky and there is a much more possibility to loss your money.you better earn bitcoin from bounty and mining.this will be suitable for you.

[Deathgamer]

Yes it is very risky if you turn all your money into bitcoin because we dont know what will happen to bitcoin in the future but all I can suggest is that you must only turn half of all your money so that whatever happens you still have enough money to start all over again.

[laguseklik]

very risky if you just save on one altcoin or token only. The fluctuating price of cryptocurrency is the reason. My advice is to be divided into at least 4 coins to make it safer. by the way I keep it in more than 10 coins and tokens...