is it risky to turn all my money to bitcoins?

[ArloArlo]

A lot of people do not believe in hearsay maybe an evidence will help them understand what is bitcoin and how does it work and help in a society. really isn't anything risky, otherwise, it would be the option most logical and prudent you would take.

[mahilchii]

There's nothing harm turning all your fiat into bitcoins and this is the perfect time to buy bitcoin since the price is bit low. But, I suggest you to have some fiat for emergency or to face any unforeseen circumstances, you may turn 50% of you fiat to bitcoin now and have rest in bank itself. Once your country accepts bitcoin legally then you may choose to turn all your fiat to bitcoin. Hope only Japan have legalized bitcoin transactions so far.

[bitsharks95]

That may true in the short term, but in the long term no one knows,   
but Don't concentrate all your prospects or resources in one thing or place, or you could lose everything.
by the way I think BITCOIN is best investment advice,

[Loveaaronbaby]

I think so. Bitcoin is unstable.
We should control risk and invest half of our assets.
Because the price of bitcoins will change at any time.

[Bazinga442]

I wouldn't suggest you invest all of your money at once into bitcoin, try doing bit by bit. That would be the best

[mpufatzis]

As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.

[Sowik]

Of course it is!  I would never do this. With bitcoin changing its value every day, Invest only what you can afford to lose.

[Borisov]

It is very risky to invest all your money in bitcoin! if you are the adventurous type and you have a backup plan in case of a loss , feel free to contribute!) you can how to get rich quickly and quickly lose! in my opinion the situation on the market now will change for the better!

[vin22]

it is very risky for a man to turn all his investment into bitcoin because the feature can not be determined, thou their is a strong believe that nothing will happen to the blockchain technology.. apart from that aspect, consider if your wallet is being hack, what will be your faith as someone who have invested his life saving in it.  for me i will advice that you invest only part of your wealth in bitcoin and also invest in other things as well by so doing the risk and danger will reduce.

[jomarthegreat89]

I'd say it's very risky both because of thse controversial times for Bitcoin and for its scaling issue.. You could still invest, but try not to go all in right now...

[lunatics14]

I think investing all your money in Bitcoin is very risky because you will never know what will happen to the value of Bitcoin in the next few months and you don't have any assurance that you will be successful in Bitcoin. For me it is better to save some of your money in the bank and invest some of it to Bitcoin so that whatever will happen in Bitcoin (worst case), your future still safe and you will be able to survive again.

[Frustrated]

The value of bitcoin is not stable. And turning all your money in bitcoin is too risky. When you turn all your money then the price suddenly drop. You will lose your money.

[shalnark]

As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.

Yes, you must not convert all the money you got in to bitcoin as long as it is still very volatile. As you know, being volatile means that the value of bitcoin may be high but also be very low in an instant. So, if you convert all of your money in to bitcoin you can never be sure that it will have the same value before the conversion. This also means that you're putting yourself in a very risky situation. What I would recommend is to only convert your money in to bitcoin if you're going to use it for online transactions. If not, you must then keep your money in a stable currency.

[iyan33]

very risky because the price of bitcoin is not stable always, for example if we change the money $ 2000 to bitcoin maybe the money is not necessarily the future we will get the capital back. but there also if we change our money to bitcoin can get big profit, that's if we dare to take risks

[evgeshti]

Certainly this is risky and not justified! Now is the time when with a small amount you can earn a lot of money, and also plays a big role how much money from the bank you want to transfer to bitcoin. After analyzing the market and consulting with knowledgeable people, you can invest $ 200 in a few coins and get a solid profit in half a year.

[Lady Coquet]

Yes, too risky if I would rate 1 to 5 as 5 as the highest rate of riskyness then I would probably rate it as 5 because bitcoin value is not stable so if they would get dropped then probably it is your lose, and also if bitcoin disappear then that is the worst thing you would have on your entire life it is just like burning out all of your money.

[Sean25pogi]

maybe yes because theres a time you need to be Patience to have a bitcoin it has a hgh value so expected that it is lightly hard to have one bitcoin or to turn all money as bitcoin.

[teejayrichard2]

Oh yes it is very very risky. In as much as investment in bitcoin is lucrative and gives profit within a short time, the market is also volatile as anything can happen. A wise man doesn't put all his eggs in one basket. You should spread your money in different places for your own good. Don't invest all in bitcoin

[btcdepo]

As long as you can't buy your living and pay your bills with it, it is not advisable to keep all your money in Bitcoins. If one day in the future that will be possible, it means that the price will be more stable and it will be accepted by authorities and of course by the people.
Until the day that the volatility of the price is a past, fiat should be your main saving and cryptos a small percentage of it.

Yes, you must not convert all the money you got in to bitcoin as long as it is still very volatile. As you know, being volatile means that the value of bitcoin may be high but also be very low in an instant. So, if you convert all of your money in to bitcoin you can never be sure that it will have the same value before the conversion. This also means that you're putting yourself in a very risky situation. What I would recommend is to only convert your money in to bitcoin if you're going to use it for online transactions. If not, you must then keep your money in a stable currency.

True. That would be the terrible mistake to put all your money into bitcoin or any other crypto currency. it is the number 1 rule in trading / investing, if you really wanna make money you should not put all your eggs into one basket.

[CryptoPsycho]

Probably it is but also depends how much money you gonna turn into bitcoins Bitcoin is pretty unstable currency but to be honest you will not lose everything at once.