is it risky to turn all my money to bitcoins?

[Thirio]

Of course it is. Imagine having a huge money invested today thinking it would grow, then it's value tomorrow drastically decreased, imagine how terrifying that will be. I think it's too risky. If you have a huge amount of money, it's better to use them slowly. For personal matters and for investing purposes so you wont have to worry of it disappearing.

[piter66]

Only invest money you afford to loss, don't take all your money to buy bitcoin or other cryptocurrency, this will protect you from possible loss of all funds in the market

Agreed it’s always a good idea to have some liquid and non risky assets. Bank funds are insured and if the bank collapses you will still manage to get the money

[zzxswqq]

No doubt about it. Investing itself is a risk. What more if you invest in bitcoins. A hundred fold. We all know that bitcoin is very much precarious. It will never become stable even in the years to come. It is it's nature. And for you to turn all your money to bitcoin is a very bad thing to do. If you really want to invest in bitcoin do it intelligently. Invest only that portion of your money that you can willingly afford to lose. In that way when things didn't go too well, you can still held your head high with a smile in your face.

Dumbest thing I heard all day, investing into cryptocurrency or stocks is a high risk investment, you might double your money but at the same time you also stand a chance for it to go to zero

[mkettler]

No risk no gain. If you can no accept risk then you can not the success. But, intellectual work to never invest in risky sectors with all the money.

You are right. If you use everything you have for one asset then the risk will be greater. If something bad happens to the asset, then you will lose a lot of money, so it's better to divide the asset on some items, if in cryptocurrency divide it into several coins. Although dare to take risks, must prepare Plan B for the future.

What is bitokoyne? Is that what BITCOIN is called in some alternative language perhaps? What language is that even?

[robynmario]

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

That can happen, if you really believe in bitcoin and really want to invest in the future. However, I think you should save more instead of buying all btc
Because bitcoin still has some hidden risks

[oaz7t]

It is very risky to convert all your liquid money and investment to bitcoins as the market is unstable and anything can happen anytime
it is safe to invest some part of your money in bitcoins and keep the rest as insurance for future
currently the prices of bitcoin have fallen from $19500 to $13950, if you sell everything to buy bitcoins and the prices crash then you would end up on the road

[paulo013]

Yes investing your all money to bitcoin is very risky. You don't know what happen next if you do that. You can invest but not all. Always remember, invest what you can afford to loose.

[nemesis_]

It is. Like any other investments, there is no assurance that you will gain profit for a long time. You may earn now, but may lose tomorrow as it bitcoin price fluctuate.  You may invest here whatever you can afford to lose. It is better to part your money to different kind of investments or savings to be sure.

[nevafade]

Nowadays, Bitcoin is more popular and my answer is definitely yes, it's risky to turn all money to Bitcoin. In stock market exchange, rate of Bitcoin and other cryptocurrencies is unpredictable, sometimes it increases, decreases, or becomes stable in your money invested. I will managed my money in important expenses for personal and family needs, for paying utility and insurance bills and other remaining money left for investments and Bitcoin. When investing Bitcoin, invest what you can afford to provide.. 

[senin]

As a general rule, you can not turn all available funds into one definite coin, even a very reliable and promising one. This also applies to bitcoin. Moreover, currently bitcoin has become very slow, its transactions are hanging by hundreds of thousands, and the commission costs for their holding are becoming more and more expensive. Many bitcoin holders in this regard refuse it and transfer their funds to the altcoyins. In this regard, the credibility of bitcoin is greatly shaken. Thus, the risks of investing bitcoin increase and so I would not recommend all of my savings to invest in bitcoin. Perhaps in the near future bitcoin will eliminate these shortcomings, but for now it is necessary to proceed from these realities.

[naufals4]

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

No it is a bit risky if you not strong enough to hold that you're gonna end up loss your money cause the bitcoin price right now it's a down trend but if you ended up invest your money do not sell them now just wait and hold that. i believe bitcoin price gonna normal again.

[amitkumratra]

Ya it is very risky to invest your all money in Bitcoin. First there is no regulatory authority for crypto currency world if u have in any trouble. Second the price of Bitcoin is booming. Third anytime anything can happen in this crypto world because no body knows about the trend of market when it was to up sight or to down sight. So it is better that u can divide your fund in 40-60 ratio and the lower part of fund will invest in Bitcoin and hold for long time. And rest of the money placed in bank for your house hold expenditures or also u can invest in secure funds.

[19Nov16]

This is certainly very risky, as we know that bitcoin and cryptocurrency is a type of high volatile investment so if we put all the money it will make us regret for not profit or loss.

[ausbit]

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

So very risky to turn all your money to bitcoins, no one knows if it will you much profit in the end. Its better if you only invest half of it and just take half of your money for your savings in case of emergency, you have some.

By all my money, I am pretty sure he means all of his saving or the extra money that he does not need to use for his daily needs and that is very safe. However, if he literally means all of money then definitely it is not a wise action to convert it all into bitcoin.

He will earn great profits this way but we all know that bitcoin is not accepted by all shopkeepers. It still has a long way to go before it goes mainstream.

Agreed! It is always very much risky thing to do and this can prove to be very much risky for you as well most of the times. Investing your money into bitcoin is very much profitable but it is not at all a good option to turn out all your money into bitcoin as there are chances of suffering some loss as well. For that, you actually need to have something back in your account which you can use as your savior.

[muddychowder]

Bitcoins can be risky in their own way and are volatile. You need to be careful on how much you invest, around 30% would be good enough.

[spicygummy]

Yes, it is a high risk to invest all your money in Bitcoin. As much as possible, divide your savings to different places such as your bank, wallets and for investment.

[munareal]

Yes it is very risky to turn all your money to bitcoin. The advice for crypto users is never invest what you can not afford to lose. I belief in bitcoin and that is has come to stay but to be on the safe  side and also  because of its volatile invest what you can lose and will not be sorry for it.

[mrhollis1]

Too radical. People seem to want to do all or nothing. Why not half your money?

[accm092]

Yes, highly risky to turn all my money to BTC because bitcoin can change rapidly and unpredictably.
For me it is better to invest small or moderate amount of money that you can put at risk.
as long as you are okay with it, no one can dictate you since it was your money were just trying to gamble our money if this will grow or turn into bubbles.

[moinul018]

Man, you are talking about putting your all eggs in a single bucket. Personally, I keep my 50% investment in Bitcoin and Ethereum. Another 50% in other altcoins. This is my strategy, because I don't have enough time to spare for trading.