is it risky to turn all my money to bitcoins?

[anjaydut]

yes it is very risky, but the risk can be minimized as long as we act with care
instead of letting our money in the bank and not growing letting it go, I'd rather take the risk than just shut up

[dhestwu]

In think that is very risky, as we know that bitcoin and cryptocurrency is a type of high volatile investment so if you turn all your money to btc , u can rich very fast and u can poor very fast too

For me it is better to invest small amount of money that you can put at risk.

[Malintha1996]

Yeah it's risky.Because Bitcoin is a currency which depend on the internet. If internet dies bitcoin and all other crypto currenciea die along with it. Further if bitcoin is banned tgere is a possibility to lose your money.However,either of above facts has a very rare possibility to occur.So as bitcoin will be the digital currency of future we shouldn't just wait thinkig that this is not reliable.Otherwise we will be too late. Therefore the vice decesion is to invest a certain amount of money.

[candy21]

The answer I think is YES! Putting all your money in bitcoin is risky and you should not do it.

[barabut]

So many people investing on crypto money, big expectations  are structured, misrepresenting the lack of information and causing significant financial loss. Crypto money has not yet had a legal basis and the transactions carried out within this scope are not under the authority of any official authority.

[ilovestroberi]

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

Yes, it is too risky to convert all your money into bitcoin. Even the value of Bitcoin is high, no one can really predict the next value in the next days, months or years to come. You should invest atleast 30% all of your money in btc.

[adriaymati58]

It is risky. Maybe split it somehow why you remain with something that provides you a safety net and invest what you are willing to lose

[alphaomega.f]

yes. its pretty normal for the bitcoin's value to fluctuate and its fluctuation has a possibility of increasing at a high value and decreasing, also at a lower value. there are many factors that determine its votality or fluctuation so it is really hard to read its next valie since it's not definite.

that's why its risky, so much, to turn all your money. might as well, buy bitcoin using a percentage of your money but don't use all. you have to be cautious because its hard to predict what will happen next.

[cryptojac17]

So many people investing on crypto money, big expectations  are structured, misrepresenting the lack of information and causing significant financial loss. Crypto money has not yet had a legal basis and the transactions carried out within this scope are not under the authority of any official authority.

All though it has no legal basis that will protect you againts scam, Bitcoin still  good for investment because  many people earn out of it and even changes thier life from nothing to something than those hisitant to invest but it is not a good idea to invest all your money you should also set aside for not volatile investment.like real state properties .but thier is a saying goes" strike while the metal is hot" take advantage for the oppotunities.

[bennysax]

I think it is risky to invest all your money into bitcoin. Note that you would need your local currency to transact other businesses. Trust me not all would accept bitcoin because they are yet to believe in it. I’ll advise you invest part of your money for trade purposes

[SAYDAKHMETOV]

I think the risk is in all areas, everywhere. And bitcoin is no exception.

[Lun4t1c]

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

Yes there is always a risk if you put your money into something, but putting your money in bitcoin is a risk but most importantly it is a great oppurtunity

[caloy06]

If you turn all the money that you have we must think and good decision what happens if you are a scam or legit site. I'll make sure that I will either see it here or just be fooled by the money I can spend on money. things you do or you will only be fooled and break your trust in them and enjoy your money to earn more money than you entered. Make sure and be responsible for what happens if you lose to earn money. so risky but make be professional and be intelligent to join.

[Xenophoto]

It is indeed risky because bitcoin does not really guarantee that the price will always be like this. On the other hand, the price being volatile can be a good thing for you and me. Who knows? This might be the lowest price bitcoin will ever have again, at least in our lifetime. But all these good thoughts are negated by the simple thought that bitcoin is nothing but a speculative asset and it can go down at any given time. Remember that we are just simple bitcoin users and we are not whales like Roger Ver who can manipulated the market and even protect it by putting up walls in the buy order to support the price and prevent it from going down even further.

I would recommend that you invest in bitcoin but in the same way you would invest in any other types of investment. You would only invest the amount of money that you would not care about losing.

[shaun98]

Of course it is risky. The market is just too volatile to invest all your money in Bitcoin. You should save some money in the bank in case of any emergencies. Also, diversify your investments.

[Millertheguy]

That is such a bad move and i would highly advice against it. You can not bet all your odds on one thing. There are emergencies and other investments you can use the money for.

[Ajinomoto40]

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

It is very risky specially right now that pumps and dumps are occuring very often. Maybe it will be more better if you'll think about it carefully first before doing something. This can help you in avoiding some few regreys during the transition. You can benefit a lot if you'll be able to surpass all the risk but still be careful and smart before making a move or else you'll get disappointed.

[Nasty23]

Of course it is risky. The market is just too volatile to invest all your money in Bitcoin. You should save some money in the bank in case of any emergencies. Also, diversify your investments.

Yes it is risky when you put all your funds in bitcoin because bitcoin have a high volatility it is fast to loss in a short period of time that's why it is recommended that you must invest the money that you can afford to loss and it is good that your investment will diversify in many coins.

[Spontebob]

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

I think it is because the value of bitcoin is volatile which means it is changing over time. I think it would be a better idea if you'll watch over the price changes in the market. Take a look if the value is low then go turn all your money to bitcoin so that when it rise, you will gain a lot of benefits. You should atleast be careful before making a move so that you won't loose during the process.

[Mahiyaing rosas]

You must think of it first,  every investment  means risk. But I think buying bitcoin is less risky,because price of bitcoin is getting high. And if the price get low it is just for temporary, maybe just for a day or less than a week and getting high again. Just have enough knowledge about bitcoin.