is it risky to turn all my money to bitcoins?

[infinity33]

yes, it is too risky because we are not sure if the price of it may increase faster or maybe the price is always stable. In investing your money in bitcoin always remember."invest what you can afford to lose".

yes exactly and for in any other thing for that you may able to take all your money on that then you may able to see that this is so risky , you must atleast to have some other thing of on how you may able to earn for and not just depending on one.

[daarul50]

You should never do that. The risk that you are facing with your money in your bank is minimum, while investing in bitcoin is a high risk investment (so the probability to lose your savings is very high). If you want to invest in crypto (and that´s great because the profit is awesome) you should try to invest in many coins (it could be the main coins) to minimize the risk.

I also assume the same of you. The risk of investing all the money on bitcoin is too high because the fluctuations are so unpredictable, and to minimize the loss of that is to invest some of it against altcoin because altcoin has a lot of options and of course, its profit depends on our ability to trade as well as bitcoin. However, the advantage of this altcoin is that if we suffer losses then the loss will not be as big as if investing entirely on bitcoin.

[fmasta]

The best advice is to invest no more than you are ready to lose. Therefore, do not invest all your money, this sphere is very unpredictable and risky, you can stay with nothing.

[greggypiggy]

Yes its too risky to turn all your money to bitcoins. Actually, in every investment turning all money onto them is very risky. For me investing in bitcoin should start on your extra money , those money that is not needed to be spend because your already living a life everyday. Try to turn your extra money to bitcoin and do it consistently everytime you got extra money so that it will not affect you if you really have a difficulties on bitcoin.

[cryptojoe]

Don't risk all your money in just a single investment.

[Sumo]

It can be very tempting - the more money you invest, the more profit you will get. But there are many unforeseen circumstances that threaten you with the loss of all your means. The collapse of the market, fraud, hacking a purse. This is unlikely, but possible, so think carefully before investing a lot of money.

[ankit05]

It is very risky to use all of your money to invest in bitcoin because the price bitcoin go to down after spend all your money on investing in bitcoin. when you not gain profit.

[cryptojohn9]

Every business has a risk, if you take the risk you will gain. In my opinion it's risky to turn all money into Bitcoin because it’s so volatile. You can invest your money in various different coins I think it will be safe.

[ranz_18]

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

Yes it is very risky and not advisable to turn all your money into bitcoin, As we all know bitcoin is volatile. High risk but high profit if you invest in bitcoin. Just invest what you can afford to lose.

[fmasta]

Of course, you do not want to become bankrupt? Yes, the possible profits make the head dizzy and you want to invest everything that you have, but you always need to remember about unforeseen circumstances.

[cryptojoe]

If you made the right decision and invest to bitcoin you will get your money back in no time.

[Tungsten-1]

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.

It is advisable if you have good experience and you know it that you are having capacity to make amount of money from bitcoin. Money is hard to lose and easy to have but if you got a lot of skills. Not all people are able to earn money from bitcoin. Risk is part of life and risk is able to increase money indeed people are getting experience with fall and rise so have patience and invest in bitcoin, you will have to invest on time of small price and wait to sell at high price.

[Clark05]

Better if you invest only your extra money because if you invest all your money and once the bitcoin price decrease or die your money will be gone.  For sure those people have a lot of bitcoin who are invested in bitcoin they are millionaire and for sure even the bitcoin die they have extra money in the future. Lets talk about the reality if you don't have money it's hard to live because you cant buy your needs and wants.  Money gives you happy that's reality from now so better if you invest only the extra moneyand other will keep to bank even they did not get interest we have no choice is to save it to the bank.

[Bustart]

Better if you invest only your extra money because if you invest all your money and once the bitcoin price decrease or die your money will be gone.  For sure those people have a lot of bitcoin who are invested in bitcoin they are millionaire and for sure even the bitcoin die they have extra money in the future. Lets talk about the reality if you don't have money it's hard to live because you cant buy your needs and wants.  Money gives you happy that's reality from now so better if you invest only the extra moneyand other will keep to bank even they did not get interest we have no choice is to save it to the bank.

Well i think it is really risky specially to those who dont have  a big patience of waiting for the right price  to invest or maybe to sell i think we  must invest only the amount that we  can afford to loose because bitcoin is really risky yet profitable kinds of investment that is why we  need to have more experience on this feild to avoid loosing.

[ViktorTroshka]

The first rule of investing in the crypto currency is not to invest more than you are ready to lose. Mentally break with money, this is a high-risk asset. If there was stability here, then all countries and banks would transfer their funds to the crypt. But it's also worth remembering that high risks are high incomes;)

[pushups44]

Yes, it is risky to put all of your eggs into one basket, especially into cryptocurrencies. Cryptocurrencies are very volatile and subject to low barriers to entry. It's highly likely that only a small fraction of the existing cryptocurrencies will survive in the long run.

[cryptojoe]

It's very risky imo. You have to figure out the logistics let alone cashing it out.

[retnoanjani]

Yes, it is risky to put all of your eggs into one basket, especially into cryptocurrencies. Cryptocurrencies are very volatile and subject to low barriers to entry. It's highly likely that only a small fraction of the existing cryptocurrencies will survive in the long run.

It is true. There is a lot of speculation that can make the price of cryptocurrency easily falter and fall. The absence of an authorized administrator who regulates cryptocurrency is also a consideration, you do not complain about any such loss in the bank. Investing with cryptocurrency makes you like a CEO with full responsibility for all risks. So it's important not to spend the money you have here, do not put all the eggs in the same basket.

[marcuslong]

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

Well, As you observed your question, Do you think that many of us are pushing you to do that, You will do that literally? Ofcourse no, Isnt it? Many people are trying to push in investing with banks because they all know that they will gain a lot of money from here, But i will say NO! Well, in my opinion, This thing is so risky and i will suggest you to stop that kind of activity. Bitcoin is so volatile and you must able to wait for a long time until the price or rate will going to increase but, No one will define what's Bitcoin's future.

[bigvito19]

no risk, no rewards