is it risky to turn all my money to bitcoins?

[bitcoinposts]

yes it is 100 percent risky to convert all money into bitcoins bitcoin is asset we cant risk our life for bitcoin

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[btcdepo]

All of us very much believe in bitcoin, but still there is a small risk that everything will collapse at one point, and you can not do anything about it. Are you ready to stay with nothing? If so, then you are very brave, and you can safely invest in the crypto currency.

No matter how much you believe in crypto currencies, it would be a total catastrophe to put all your money into bitcoins. this is the number one investing rule; never put all your eggs into one basket.

[janah]

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

Turning your all money in bitcoin is so risky why? Because the you cant control the price of bitcoin what if the bitcoin price will fall down? And your money is 100k$ you put it all in bitcoin it has a total of 4 bitcoins now after one day bitcoin price fall down to 100$ per coin then you have 4 btc then your 100k$ turn to 400$ so thats not advisable that put your all money in bitcoin.

[HTHP]

It's alway a good idea to diversify.
Don't put all your eggs in the same basket !!

[sopromat]

It is not risky unless that you do not know a fuck about what the hell are you doing. I heard about people who bought bitcoins at $20,300 each.
Now how could they be at this moment? Of course, they want to kill themselves, lmao

[Donaldturp]

All of us very much believe in bitcoin, but still there is a small risk that everything will collapse at one point, and you can not do anything about it. Are you ready to stay with nothing? If so, then you are very brave, and you can safely invest in the crypto currency.

No matter how much you believe in crypto currencies, it would be a total catastrophe to put all your money into bitcoins. this is the number one investing rule; never put all your eggs into one basket.

Never invest all money in bitcoin or another coin. This is the highest risk for you. You need to more careful, no need to lose big money with this.

[illete]

Its a rule of trading and investment do not put all money at one place it will be risky,It should be divided in different kind of portfolios.No doubt Bitcoin is leader and profit oriented coin but put all in it will encourage the risk.There is also many profit oriented altcoin which give you good weekly or monthly earning also will save you and will make stable financially.

[ballexplorer]

An old rule says: Do not put everything on a card. Unfortunately, greed stops people's brains in some people.
I would never invest more money in BTC than I am willing to lose.

However, the brave ones were the winners last year. But that does not have to be the case every year.

[matanglawin]

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

Clearly, it is. Bitcoin is volatile so there's a risk on investing into it. You are about to bet ALL of your money, and it is obviously risky. I would suggest you to invest only half of it to avoid unnecessary things too happen such as losing total wealth. Do some research also about investment in order for you to know what you are actually engaging yourself with.

[oviudiu]

Aside from being risky it would be dumb. Never go all in, in gambling, in investing, in life, it's a general rule. Keep some for yourself and for your needs. Only invest money you can lose.

[hx37071101]

it is very risky, especially it is not a dip right now and showing a decending trend. I would suggest split your investment, into different investments or different coin.

[Prince Edu17]

I know that you want a big profit that's why you wanna turn all your money in bitcoin but yes it's totally risky even if it small money it's risky too, better if you learn how to trade it's better

[linda078]

why not try a pump and dump, get some high reward and take your starting money out? I just did a pump and dump and got 40%. The group I used was pump4coins.

[Stimah23]

Its absolutely risky and also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses for if you lose in one you can cover the losses from other coins or businesses.

[coinbitrade]

All money can and is risky now. And earlier it was possible even to build a house and a car. The bank is also not always reliable. Banks sometimes burst and money is simply lost. So you can take a chance and put everything in bitcoins

[Minnie1928]

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

I feel you mate. The dream of getting rich with bitcoins is really tempting if you ask me. And that can really make you think of putting everything you have on it. As good as how bitcoin looks today, it might seem like a good idea to do as what you are saying but you see, bitcoin has no assurance. If you lose, then you lose. So it is better if you just go and invest money that you don’t need. And work regular jobs at the same time. To avoid big mistakes or regrets.

Every investment in the cryptos is the risk. Bitcoin has a lot of potentials and its current curve on the market is very promising but like the most of the members here said - Nothing is safe. Try to think thoroughly and properly and think about your investment in a Bitcoin a little bit.
Money in the bank maybe cant bring you the amount of the profit that you desire but at least is safe there and there is no fear of the sudden value loss. Bitcoin is fluctuating a lot and even if it has the potential to double its value no one is guaranteeing you that you will make the profit.
There is the possibility of the utter market crash and if that happens you will make a big regret because of your false decisions.
Be smart and only invest the money you are willing to lose.

[Bounty-Manager]

I'd like to echo what people in here are saying is true; It's very risky to turn all your money into bitcoins. It's volatile, meaning its worth fluctuates unpredictably. Just turn some of it and save the rest in case of emergencies.

[vincentong17]

In my opinion,It's a 50:50 situation if you don't need money then you can invest your money to bitcoin and wait for a year. but i suggest 50% cash and 50% of bitcoin. hope you do the same thing.

[lalunalaguna]

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

Yes of course there is a large possibility that you will be undertaking a risk by turning all your money from real money into virtual money since we all know that a lot of risks can be get from being virtual because even though there is a boom in the modern technology, we cannot still deny the fact that crimes and corruption are also associated in virtual world. Also, we are not that sure when will Bitcoin lasts so it will be much better if you will still keep your physical money and virtual money

[mycoinlife]

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

dude you should have a backup plan who knows what will be the value of bitcoin tomorrow or future you should have the right knowledge before investing in it