is it risky to turn all my money to bitcoins?

[Taki]

Experts are saying that such decisions, invest all possible money and/or taking loans to invest in Bitcoin may lead to it's crush. There is no doubt that some of people who invested ALL will get the greatest profit ever, but there is a group that will not be able to take even those money that they invested. You simply can appear in this second group, but again, it is your own choice.

[Xester]

It's very risky, better take half your money to invest into bitcoin, the rest put in the bank even if it does not produce anything. Because if all your money you invest into bitcoin what you are ready if someday bitcoin price will return to $1

I agree with you.  Putting all your money is not just risking your money but your self and future as well.  Though we cannot deny the fact that bitcoin is a great investment, it is still better to keep some of our money and just invest some to bitcoin.

[redhondaxrm125]

Experts are saying that such decisions, invest all possible money and/or taking loans to invest in Bitcoin may lead to it's crush. There is no doubt that some of people who invested ALL will get the greatest profit ever, but there is a group that will not be able to take even those money that they invested. You simply can appear in this second group, but again, it is your own choice.

That is is no question very stupid. No matter the potential, risking all for bitcoin isn't bravery but stupidity in its highest level. And anyone who does this will surely either be rich, or suffer having a whole lot more percentage on the negative part. Since after you have invested everything you have, you are not orepared for emergencies. Emergencies that you don't imagone can happen which may do happen. I could go on explaining but i think you get my point already judging by your rank.

[TrunksIsHere]

If it is riksy ? Is insane dude if you ask me. You gonna cry so hard in the next coming months. I wonder , from where these ideas come into your mind man ?

[rudito]

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

Investing in bitcoin is beneficial because the price keeps rising, but beyond that bitcoin is also at risk of bitcoin values ​​can go down. I do not think it's a good idea to turn all your money into bitcoins.

[david_019]

Being an investor is always at risk, no one investor I think which is not aware about it. But a successful investors know what is worth to risk his/her money. Their are many ways of knowing it, by asking the others suggestions, searching the strength and weaknessess of the project and how much he can get from it.

[PPleaseman]

Hi. Yes it is very risky, you can loose all your money. Never but more than 20 or 30 % of your networth in one asset (with crypto because it is so risky it should be less, but the chances are so tasty). Just buy some over time

Cheers

[llyfee4u]

I would say not just risky but actually extremely risky to do that.  Regardless of how good the opportunity, it is always inadvisable and very risky not to diversify investment risks.  From a practical standpoint, it'll be difficult to make your everyday transactions for things that you need because fiat still rules in off line world.  Also, while it is an enticing prospect, things could equally go bad and that would almost certainly leave you in a potentially worse situation than you're in prior to taking such a step.  I wouldn't advise it at all.

[ngusmin]

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

It will be very profitable for you if bitcoin goes up. But you also have to consider also if at any time bitcoin value down, it will be the worst day for you. It's good if you set aside some in your bank.

[biboy]

I would say not just risky but actually extremely risky to do that.  Regardless of how good the opportunity, it is always inadvisable and very risky not to diversify investment risks.  From a practical standpoint, it'll be difficult to make your everyday transactions for things that you need because fiat still rules in off line world.  Also, while it is an enticing prospect, things could equally go bad and that would almost certainly leave you in a potentially worse situation than you're in prior to taking such a step.  I wouldn't advise it at all.

Even if I fully trust bitcoin I won't still settle for this to trust all my money in crypto, but for those who want then go, but for me I would suggest just to put at least 20-50% of your savings on it. Yes it is too risky, why? what if the bitcoin suddenly dumps and you don't have money on hand due to emergency reason then you don't have a choice  but to pull out your money at loss.

[harbin55]

From my own perspective there is no risk once you put your money in the company of bitcoin. Buying bitcoin will secure your future from all kinds of financial problems that may happen.
In fact it is a wise decision that you invest your money for a secured future.

[boyshx]

Though bitcoin has given highest returns any currency ever did. And in future will continue is upward trend. However it does not mean to invest all your hard earned money on single currency. All currency, equity markets are risky in nature due to their volatile nature. It is always advisable to invest in different instruments of investment. Invest some money in tangible assets like gold, silver, real estate etc. Keep some amount with banks, they are easy to liquidate. One can invest in altcoins, altcoins are also good to invest.

[sorin90]

Yes it is. And i stongly belive that no oneshould turn all their money in 1 single asset. Even if its bitcoin, or other cryptos that show a good eveolution, you can still lose a lot. Just think about it. You buy at the peek,then go on a trip where you don't have any internet conection or for different reasons you can't access the internet, so you can't see how the market goesthe a deep corection starts, if the market doesn't go up again you will lose a lot of money. And with crypto you don't even need a few hours (the time you sleep) for a deep corection to happen.  I still think that the BTC has a lot more to offer, but you never know. So only invest what you can lose

[kerjakuat]

yes it is very risky.. you have a potential to end losing your money if you only jump to the cryptos world. you need a solid plan and know about bitcoin.. if you have a friends that already has success in the cryptos world it will be  different story. you can easily to target which one will hit jackpot.

[blackpete]

turn money into bitcoin,it's very risky because bitcoin prices are unstable.
indeed looking for profit in bitcoin is very popular with some people because it is easy for those of you who know bitcoin.
many are losing money as well as the lucky ones because bitcoin prices go up and down.

[tushin4]

Of course it is risky to turn all the money to bitcoins.
Bitcoin price goes up to down in seconds like a roller-coaster. So we should be aware of investing into bitcoin.
If we invest money maintaining some rules then we will be  profitted

[Alok_Yadav]

Don't invest all your money into bitcoin. It is not that riskier than to invest in other cryptocurrencies but yes it is.

[StrikerEureka]

Yeah 100%. First of all it is never wise to invest all your savings in a high risk asset, you can lose it all in a blink of an eye. And secondly the price of Bitcoin already has risen like crazy and you have to ask yourself, is this valuation deserved or just blown up by pure speculation? I would rather suggest to look for young and promising projects that not many have on their radar and that still have much room to grow and only invest money you can afford to lose. This way you will be fine even if markets go down.

[henmark]

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

Definitely, it's a risk to turn all your money into Bitcoin. You have to think twice or many times before doing that. Bitcoin's price now is really high and if you'll buy it, you have to have a huge money. I suggest, you invest half of your money to bitcoin and let the half stay in your bank.

Well, I don’t think so there is any risk in investing maximum of your savings into bitcoin or all of your savings into bitcoin because of the nature of bitcoin to increase in value over days. Bitcoin has made many people rich and turned many unemployed into employed just because of its high tendency to increase in value. I will suggest investing as much as you can because after few years, it will be of million dollars.

[cepedacharles29]

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, you can trust bitcoin but risking all your money is not really recommendable. Bitcoins keeps changing its value everyday so no one can predict when it will go down or will keep going which may cause loss of all your money. Yes, bitcoin gives so many opportunities to everyone but please don't expect that it will stay always the same.  And There is no stability of price in Bitcoin. Maybe you can invest your money to Bitcoin but not all, you need to save for your future.