is it risky to turn all my money to bitcoins?

[Bes19]

Investing all your money will be very risky. Bitcoin is volatile and you could lose everything. I suggest you try it with small portion first especially if you're still new in crypto world. And also, don't just invest on bitcoin coz there are lots of coins with high potential of growth.

[btccointalk]

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

Yes, it is really risky because we are still in doubt about its long term existence and besides that most of the countries did not accept bitcoins yet.

[Momoamzad]

Yes for me. You can't invest all your money in bitcoin. It can be a loose investment.  You can invest in different crypto like bitcoin. It will be less  risk .

[edsnow2017]

Yeah it's risky because of price fluctuation

[BitNinja2017]

No u should absolutely do it haha

[cryptedbull]

  Bitcoin has moved very fast. In case of any regulation or any fraud this currency price will move down very fast.

[Macai]

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

Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt.

[Pettuh4]

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

Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt.

It's best if you can diversify and so putting all your eggs in one basket doesn't make business sense and you might end up regretting should things not go your way so in as much as i also believe in bitcoin's future i think you shouldn't just turn all your money into bitcoin but you can spread them and turn a portion of it instead.

[Klestar]

All your money ? are you serious ? are you drowned in the idea of earning profit without thinking the possible outcomes ? just add money on it and get profit or lose your money don't take the risk to win or lose.

[Syakir1989]

Yes, of course it is very risky if you invest all your money into bitcoin, we all already know that bitcoin prices are unstable, always down and up, the risk you might receive is when bitcoin prices go down and not rise again, If this happens then the money you buy for bitcoin will be lost...

[Joriecoinbit]

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

Well anywhere you want to invest in there is always a risk involved, the bigger the amount the bigger the risk but investing all your money on bitcoin is not advisable. Try investing a considerable amount or start small and go bigtime if you succeed from your first attempt.

It's best if you can diversify and so putting all your eggs in one basket doesn't make business sense and you might end up regretting should things not go your way so in as much as i also believe in bitcoin's future i think you shouldn't just turn all your money into bitcoin but you can spread them and turn a portion of it instead.

Putting all your eggs in one basket is risky as it might turn your money to profit loss. Instead of earning profit,  you'll end up having nothing in return. Set an amount on what you can only afford to lose. There's no assurance that you'll earn huge profit when you turn all your money into bitcoin due to its volatility and it keeps on fluctuating.  

[Crypto_khalisee]

Yes it is a risk. It is advisable to invest as much as you are prepared to lose.

[znapitf1]

Bitcoin is good investment plan but it is unstable currency,it is risky to turn all money to bitcoin.if person  have the most experience and knowledge about the bitcoin then he can turn all money to bitcoin.

[Tongpinyhk]

It is definitely good to be diverse. Definitely not my take to turn all my money to bitcoin no matter how much it can fly up

[ms.moon]

If you put Bitcoin as other for comparision and have a wide thought, you will see: Not only investing on Bitcoin is risky, same to other.
Only 01 different point that all of people scare is Bitcoin's determined value higher many time than other, when you invest successful, you will get huge profit, if not, you lose huge money.

[jekanmasin]

it will be very risky to put all egg in one basket for sure. if you really wanna do it just split it over to other top coin also. and spent what you afford to lose. not only think to gain. nothing in this world last forever. sometimes it up and sometimes it  will goes down. so make sure you have a good plan to invest.

[szpalata]

it will be very risky to put all egg in one basket for sure. if you really wanna do it just split it over to other top coin also. and spent what you afford to lose. not only think to gain. nothing in this world last forever. sometimes it up and sometimes it  will goes down. so make sure you have a good plan to invest.

True, it is in fact stupid to invest everything you have in the form of money into bitcoin as you will be bearing so much risk that could be disastrous if things go the other way. I will suggest that you rather split them into other investments and keep some in cash on you.

[siopao23]

Nope, it is not. We all know the characteristic of Bitcoin which is volatile and turning all of your bitcoins to money is risky since the price is not fixed. It might go down or go up. For example having 1 bitcoin = $20,000 and then the price goes $25,000. The profit that was lost is $5,000 which is enough to bought the things that you needed

[Erichallig]

yes, very risky. trading is risky, not just on bitcoins but on everything. Invest What You Can Afford to Lose! When done properly, it can typically make more money for you than the interest you might earn in a nice, safe savings account or certificate of deposit. But with reward comes risk. If you make poor choices or even if things beyond your control go wrong, you could lose that money.

[Jhun030383]

In life,there are risks to make, but I you also want to be successful you need to be a risk-taker just be wiser.