is it risky to turn all my money to bitcoins?

[byteminr]

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

Any investment is a risk. If you want to quickly get a profit - then this is a greater risk, but if you look at the long term, I think everything in bitcoin and the crypto industry will be fine. But surely no one knows;) I think that at first it's better to study the material

[Rascar Capac]

Yes, Puting all your money is very risky, because Bitcoin currency always change, what if you needed your money and then suddenly the bitcoin goes down?
The value of your money goes down as well, for me. Bitcoin is only for those people who want to invest and not make it like a bank.

[jeffryluna]

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

Never go all in to any kind and form of investment. My suggestion and I’m not a financial advisor, this is just what I did and have given me more gains than my money sitting. In my bank account.

Only put 10% of that money out for bitcoin, ETH, LTC and other mainstream coins out there and  religously put out 5% of your income in. Just like in stocks, and the key is to forget the money you placed there.

ONLY INVEST MONEY THAT YOU CAN AFFORD TO LOSE.

If your portfolio do you great in 3 years time then that’s good, if it doesnt at least you did not “lose everything”

Hope that helps brother!

[haocoin]

to my opinion, it is dangerous when you  turn all your money into bitcoin because you can lost much of money whenever bitcoin price drop drastically, so my advice is you can seperate your money into many kind of altcoins like Eth, Waves,..

If the price of bitcoin drops, it will affect the price of other coins, so I think the price of bitcoin is directly proportional to the other coins. They influence each other and decentralize investment is correct. If it is me, I will choose to be more Robust monetary investment, and to give yourself a left.

[giletto]

Well in order to get successful you should also experience such trouble or downs in life.. just like in bitcoin ,Investing on it is truly Risky but its the best option for you to invest in this Era we live now..Its normal for you to fail on it but the best thing you can do is not to surrender..Learn how to get more Earnings in bitcoin try new things but you should also be careful..But now Bitcoin is still on its lowest price amybe you just Hodl you holding for now or buy as its now its best time to buy bitcoin

Everyone has an opinion and chooses his own way to invest or not, but remember never go at all money especially on credit, etc, play with their own money, start at 20-30% of your capital, and someone says that bitcoin is all bubble, so do not listen to in our time, all is risky , but do not say nothing, who does not risk does not drink champagne.

You are going to have a big problem after turning all of your money into Bitcoin. Why you ensure that Bitcoin won't drop down while you are investing it. A wise person will invest in many digital coin, not only Bitcoin. You have to have a lot of experience to have courage to turn all of your money into Bitcoin. I recommend you shouldn't do that. You could lose all.

[genology]

To be frank with you, that's not a wise thing to do when investing. As you can see, Bitcoin is not that stable in terms of growth nowadays.  You must diversify your money into different income generating tools to be safe. That if ever one goes down, you have another tool to back it up.

[uinu]

It is not necessary to turn all the money into bitcoin because Bitcoin is unstable and no one knows how much it will happen in the next second and how much volatility it will make and if you want it, you can invest half.

[TeraBitHoven]

Yes it is risky, bitcoin's value goes ups and down because it is unstable or volatile. And you should be monitoring it all the time. You need to be patient, if I were you, I would only turn 40percent of my money and alot the rest to ETH or Ripple.

[nseydoux]

As you already know Bitcoin virtual currency is now priced at over $ 16,000 / Bitcoin, with such value, investing in Bitcoin will be risky and risk losing. when investing in Bitcoin at the moment? Investing in Bitcoin to make money is not controversial because from a few thousand dollars worth a bitcoin a few months ago to the present time it has risen so high? But adding such value leads to a lot of risk because we do not know the stop or the end of Bitcoin. Can you get rich or go bankrupt?
  BTCBTCBTC

[pekavcilar01]

     It's entirely up to the strategy. If u are considering lon term investment in gol or other currencies. If u want to buy and sell like me, i suggest u use bitcoin or other coins.
     As a recommendation i would like to mention. Never do buy-sell without doing graphical follow-up. You lose money.

[Matrond]

Yes it is incredibly risky! Bitcoin relative to a bank is highly unsecure and you're far more likely to lose bitcoin than currency stored in a bank. Everyone says this, but it is best to only invest money that you can afford and are willing to lose into Bitcoin and any other cryptocurrency.

If you have money in the bank that isn't doing anything, consider investing a portion into cryptocurrency and another portion into more safer investments such as an ETF or P2P lending.

[Ahimoth]

Yes it is incredibly risky! Bitcoin relative to a bank is highly unsecure and you're far more likely to lose bitcoin than currency stored in a bank. Everyone says this, but it is best to only invest money that you can afford and are willing to lose into Bitcoin and any other cryptocurrency.

If you have money in the bank that isn't doing anything, consider investing a portion into cryptocurrency and another portion into more safer investments such as an ETF or P2P lending.

Yes it's a risky thing to do. Just like in any other kind of investment, it is not wise to put all your money. They say that you should only invest what you can afford to lose. Bitcoin value is fluctuating. Its value will sometimes go really down. Invest only a part of your money.  Also it would be a good thing to do research about bitcoin to have a knowledge of the right way of investment.

[TheBTCpost]

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 and strange to do that in this volatility and high fees

How will you live day to day? Food / rent / mortgage / expenses ect still mostly 90% done via Fiat cash or bank

[elvera]

yeah may be it depends on current market . May be one day BTC will be dump forever

[ArloArlo]

After all, he has grown so in six months. In this case, you need only a little bit of courage, determination and knowledge. Do not miss the moment. After all, it can not happen again.you are not gambling here by the way , still you need to make a careful analysis . just to make sure you won't sell it anytime in any condition . that's the meaning of taking risk allin investment for me.

[HugoHugo2]

 If you tke the risk you are responsible enough to manage it to make your bitcoin becone successful.The price of Bitcoin is very volatile and you need to know that anytime the price could go dramatically high or have a big drop. Besides, no investment is risky free. Investment always have risks and it is up to the investor on how they can manage and minimize the risk. And another thing, no one should actually turn all their money into any investment.

[paukerin]

I would never ever invest a huge amount of money in BTC (unless I'm a millionaire and want to gamble) and I also don't understand how some folks invested even their living expenses into crypto.
yet I still believe in crypto but I won't think that everything is cut in stone and you'll win in the long term.
 

[Tonygold1967]

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

Yes it is risky, but it depends on the amount of money you are going to invest in. If it is about the big amount of money, you should invest part of it, every investment is risky, but  it might be very profitable.

[Kuya Kim]

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

Totally it is risky turning all your money to bitcoins. As what they always say here just invest what you can afford to loss. So that no regret in the future just in case worse happens.

Yes, It is too risky to invest all your money in Bitcoin. Because market fluctuations is inevitable the price could go up and go down in a snap. It more advisable to invest if you have  excess money especially if it is for long term basis.

[Wonder_woman]

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

Of course it is risky to turn all your money to bitcoin because bitcoin is an unstable asset or currency, which means the price can go very low and it can go very high, so what if the price of bitcoin gets very very low? Then it means that the equivalent of your money will become very low also. So, if I am you, I won`t convert all of my money to bitcoin because it is really risky.