is it risky to turn all my money to bitcoins?

[Saikoleqz]

Yes, it is especially if you don't know it well. As many investors say "only invest money you can afford to lose". You can also try altcoins like ETH. Do some research to help you decide easier.

[jelly19]

Please do not turn all your money into Bitcoin. If you are trying to get rich quick you can lose all your money quick. I personally think this is what you should do if you don't have much money to invest in Bitcoin.

Use what you can afford to lose and invest it into other cryptocurrencies that are much cheaper and have potential to grow as biggest Bitcoin. Many people underestimate other currencies. They see BTC as a god of this field because that's the only currency they hear online and in TV but if you have a closer look at other cryptocurrencies some are much better than bitcoin and definitely have promising future.

[jonahlife]

Yes it is very risky. As the saying goes invest what you can afford to lose. What happened if the market gets lower value in an instant you don't have extra money how will you recover with that? Although you can wait to normalize the market again. You can earn lots and fast in crypto currencies but you can lose fast as well. But with work hard and knowledge plus full effort you can overcome almost everything and you can be successful. Do not be like others that is jumping into something that is not doing some research at least all that's in their mind is to earn money. If you have studied this technology you will have a good future and the money will just come as a bonus.

[Saveplus]

Yes its risky to turn all your money in bitcoin maybe a 50% of yours and the other is save it in a bank.Just invest what you can afford to loose at this time we are not sure in price value its continues to dump but we are hoping that it will be recovered soon.Although we all know that its always flactuating and we all know that sooner or later it will increase again.

[blockchain09]

It's a risky choice. Money in the bank is still your property. One day you need to invest in something, not just bitcoin. If you invest all in bitcoin then that is a very dangerous thing. The current price of e-currency is losing weight. If not wise in making investment decisions, you can lose all within 24 hours. Think carefully before making a decision.

[Brik03]

Never bet all you have not even on bitcoins... you only bet what you are willing to lose!

[adamlillian]

My point is that thinking big will do the job well. If you really want to risk raising the money in your bank, I will always support you. I like people with bold thinking. But first of all I think you should consider this market carefully before investing a large amount of money. Or you could invest in other altcoins instead of bitcoin. But the currency is less valuable at this point after few days its price easily climb.

[armarsterling7]

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

I think the present time that investing in bitcoin is not the case. You can choose the other altcoins to invest. Its cost is that experts are not aware it is going up or down since 2017 is a shock of electronic money. The price of the altcoins goes up and down erratically and no one can predict what. So I think you should invest in Etherum, which is a fairly large and stable currency.

[desanti]

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 very risky if you turn all your money into bitcoin because everything there must be a risk that we must take, because the market is still very fluctuactive bitcoin therefore can have many ups and downs and suppose you again need money but the price of bitcoin being down and not equal to the purchase value and if you sell it then you will lose. so I suggest you to invest your money some of your money in bitcoin and some of your money in the bank in this way you will easily take it if you need it and you can let your money invested in bitcoin in long term while waiting for a higher price.

[bigblackdeck45]

That would be a bad idea turning all your money to bitcoin. The best thing you can do is, save some and turn your money into crypto. Don't just focus on bitcoin, try investing on different coins as well so if one fails, you still have other options left.

[marites]

Yah its too risky to turn all your money to bitcoin..
Value of bitcoin is not stable so dont sacrifice all your savings..

[rancidgash]

Yes, it is especially if you don't know it well. As many investors say "only invest money you can afford to lose". You can also try altcoins like ETH. Do some research to help you decide easier.

Above all, this is a market with almost complete anonymity of players and very high turnover. to play on the market requires the knowledge of the subtleties for the sales and purchases , and this is definitely not for everyone and not for people with weak nerves.Before turning your money, educate yourself on bitcoin.

[Bloodseekers]

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

I think better if you turn all your money from bank to bitcoin this is great option and for me it not risk anymore. bitcoin price higher and higher again over years. Even if the price is dump but surely will pump soon. Bitcoin better than bank.
I just have little money in bank but in crypto like bitcoin, ethereum and other crypto a have alot almost 98%

[As As]

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[clarkgeneral86]

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

I think better if you turn all your money from bank to bitcoin this is great option and for me it not risk anymore. bitcoin price higher and higher again over years. Even if the price is dump but surely will pump soon. Bitcoin better than bank.
I just have little money in bank but in crypto like bitcoin, ethereum and other crypto a have alot almost 98%

That's just your thinking, according to most people it is not advisable because it's too risky. Bitcoin have dropped in the past few days, they have lost a lot of money because of the panic. Not everyone can calm down.

[munify]

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

It's very risky to turn all your money into bitcoin, if the bitcoin price goes down you will incur losses. Better half of your money is converted into bitcoin.

[ms.moon]

Very risky, Bitcoin's price can down 1000$/day. If you can accept it, you can invest all your money.
For recent example, Bitcoinnect down 80% value/day, it's unbelievable news to who is invest.

[xsudo23]

It's very risky to convert all of your money in Bitcoins as, bitcoin is very volatile. It has no set laws in any country. Few countries are even declaring it illegal. You can use bitcoins as investment, but make sure you don't invest all of your money.

[newgeneration16]

I turn all my money to BTC, ETH and XRP. dividing to 3 biggest coins is safer to me.
the market is down now. It may be a chance to jump in

[fern123]

Yes it is risky. there is a possibility that bitcoin would drop and you'll lose a big amount of money. but if you're in a great luck, you could earn a lot.