is it risky to turn all my money to bitcoins?

[Huskarls]

a very important thing to know is, this bitcoin is another form of an asset. and this asset is a good thing because it is integrated and uses technology. so it would be very vulnerable if changing all the money using bitcoin, and of course to access it requires an internet connection.

what happens if there is no internet connection but then you really need your money?

[JehanleMauvais]

For sure yes, don't put all your eggs into one basket as Warren Buffet said instead diversify your assets to lessen the risk, and i think this is the main strategy when you are investing although bitcoin is really fine it is still better to diversify your money.

[Sand King]

Yes I think it so risky to put all your money to bitcoin instead just put the amount of money that you can put in a risky but a wide opportunity..

Putting your all of money in bitcoin is really risky but if you will just put the 70% of your money here in bitcoin i am sure that it is not risky, because i am confident that investing or putting your 70% of money in bitcoin is the best strategy to do to have a lot of money in the future.

[Clark13]

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

In my opinion it will be risky but here to say risky or not will be bad thing because all this will depend upon that person where he lives ( country ) .
Here if I will be at your place then I will never turn my whole money into bitcoin Because bitcoin has no official approval by the government of my country to use , so a type of risk or fear will remain in heart that what will happen if the government of my country will take negetive descion or will they ban than what will happen ( Im actual it is not easy to ban but still a type of fear remain in our mind ).
But if you are living in that country than you Should turn 90% of money into bitcoin directly without.much tension because future of bitcoin is much better than fiat currency .
Here you should also take care that bitcoin is not accepted by every person currently , so to have fiat in your bank account also will be better for you in the case of emergency .

I agree. It is risky since you will let all of your money with the thing that you are not sure. We do not know when does bitcoin will rise or will go down. Bitcoin is volatile and cannot be surely predicted. Once it goes down, you lose your money but you are lucky if it goes up. It is a 50-50 situation. Better to invest a small amount first, study the graph of the price and do not leave your wallet without money. Do not turn all your money to bitcoin because we do not know, maybe bitcoin will disappear suddenly.

[Henry Sy]

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

For me, yes of course. Because turning all your real money into a virtual money can really be prone and associated to risks because even if Bitcoin was that popular and the price was really that attractive, still there can be risks to be found in it because of being virtual, malfunctions can be a risk to be associated with it and we can never tell that one morning, Bitcoin will go into a great loss which is impossible to happen yet there is stil a possibility so better keep holding into your real money and at the same time with your Bitcoin.

[Pattart]

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

Of course cause you didnt know how well rhat you can ever be if you turn all your money in Bitcoon since the it rapidly dump and loss will occur in your side which may be not a good opportunity to take, specially if you are going to need it already, a better way is half it nd then save the other half then the remaininv start up a business.

Thats true. what if you need money right away and you do not have a financial emergency because all your money is in bitcoin and by that time bitcoin prices are messed up? what would you do. Financial management is important dude. how you can divide between investing, saving and spending. of course it's  should be done so your finances are not messed up..

[rexter]

For me to risky and emotionally there is a saying "don't put all your eggs in a single basket" we all know that sometimes BTC is going dump and pump to the moon,better to invest in a business that is related to your skill that accept Bitcoin payment i rather prefer for this.

[vicemi]

you should do it - and gain a lot from price up

[TeraBitHoven]

Yes it is, its more complicated, more volatile or unstable, and it is not as widely adopted as solid money. Its not like something you can use right away if you wanted. There are also transaction fees which is high.

[Jembut Ireng]

There is no smart person who puts all the money in one place, if the place is problematic then it is certain life will end, including bitcoin, it is wrong if we put all the money on bitcoin as this will make us stress and depression when the price drops .

[ice18]

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

Its risky because no one knows if bitcoin will disappear in any moment all of your money will be lost forever It would be better if some of your money will be stored in a bank or in your own hands rather invest it all on btc. 

[Kanda Yu]

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

For me it is risky because bitcoin's value is known to be volatile so there's always a possibility that after converting your money to bitcoin, it will go down and you will end up disappointed. The best thing to do before converting is to observe what's happening in the market lately so that you may know if there's a potential dump coming which can help you avoid regrets in the end.

[abded1]

in the first hand : i suggest to you to spend a few time to learn about types of storing bitcoin and especially about cold storage
and after that you can do it
in the second hand : i suggest to spend a few time firstly , to understand blockchain and ....
secondly , to learn some skills in technical , fundemental analysis ...
and it will be very safe in all levels

[PANK21]

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

Yes of course. It is risky because the price of the bitcoin is not fixed. What i mean is its price rises and drops from time to time so if you are going to turn all your money in bitcoin you have to take a risk and also be aware of all times.

[criza]

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

I think somehow it's risky but still it has good sides too. You can clearly gain a lot of benefits if ever after converting your money to bitcoin, it pumps up. The risk here is if the dump occured and you've already converted your money to bitcoin, you will surely loose your money but still there's a chance that you'll get it back, just stay patient and wait for another pump.

[Ziomuro27]

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

Of course it so risky to convert all of your money into  Bitcoin without planning and realizing what will happen if you will convert that money even it is few or much. We need to consider first what will happen, because we don't know where it may lead, we must not make a decision so quickly make some time to think about it. If you convert all of your money into Bitcoin there will be a chance that you lose or gain it depends on what wallet you are using and the rising up of bitcoin currency.

[Hotel_Prodeo]

To get a big change in life takes courage, I am better principally live in poverty than ordinary ordinary, by putting all the money into bitcoin then in a few months then our life improves as the price goes up.

[mr_enoc]

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

Do not do that specially when you are not a professional  trader.  As a starter you may start with a smaller capital and try and learn the usual techniques after that put another part of your money.

[lovela]

That is too much risky indeed. Nothing will protect you when you loss, not even your government. It takes so much courage to turn all your money into bitcoin. But if bitcoin pumps up, your money will surely multiply. If you are emotionaly ready to take the risk, go and invest. But if you are afraid to loss them all, don't do it, give at least 30% of it as investment.

[Royal Jelly]

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

Yes of course very risky If you change all your money into a Bitcoin. Bitcoin development ahead of him cannot predict. Who's worried about Bitcoin cannot survive in the future.