is it risky to turn all my money to bitcoins?

[adiksau0414]

Yes, i believe so. People might have craze with bitcoin's popularity but this is not a sure ball that you will gain profit from it. It is risky to take your money and put an investments in bitcoin. This is very wrong move to do. You can invest in bitcoin but not all your money.  Not only your money might be in risk but your life also. I guess the best move is to divide your money and put priority. Invest only in portion in that way you can have back up for something more important.

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[xiaozhang11]

Yes, I think it's very risky.
Because the price of bitcoin is unstable.
You don't know the price of bitcoin in the future.
So you shouldn't invest all your money in bitcoins."
You should control the risk."

[Beehives]

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

of course . It all form of business is a bad idea turn all your money in single investment. Too risky, you will lost your money in a blink.
Do always a safety net in your investment. As rick Warren said; 'don't put all your eggs in one basket.'  Do not test the depth of water with your two feet.

[fanita]

I do not turn my money into bitcoin because for me it's risky, but I often turn bitcoin into paper money. when I invest I use bitcoin for investment capital and whatever I do is definitely the capital of bitcoin. I feel using bitcoin is safer and and gambang counts it off on using paper money. if you do it will probably have a little time, why spend more capital if there is already bitcoin as capital to invest.

[AdTraxis]

Bitcoin's mad volatility will give you ulcers and heart attacks sooner than later once you convert all your cash expecting it to appreciate in value but it goes down. Just invest a small portion of your cash.

[bitfocus]

Yes, it's way too risky, only invest the spare money in any investment, that's the rule.

[Jossy111]

putting all your money into bitcoin is a risk I will never advise anyone to take. the heist risk anyone can take is to invest all his/her into one site either ones you know too well or the ones you barely know. In my little experience on internet investment I have stationed my policy on the rule that says "never put all your eggs in one basket. there are lots of legal and legit online investment you can invest your money into and have rest of mind even on some cryptocurrency.
 never invest all your heard earned money on one bitcoin, pls be wise.

[TradeCrypto]

Yes it’s risky putting your all money into bitcoin . If we know 100% concept of bitcoin and it’s market the final picture of bitcoin is , bitcoin is trading it may get good profit or huge loss also . So investing all money into bitcoin is very danderous .

[Murica_Coin]

It is extremely risky to put everything into bitcoin. It is important to be diversifying your portfolio.

[Watashi Yamashita]

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

It is risky ofcourse because the value of bitcoin is volatile which clearly means there's a big potential of having your money lessen or improved depending on the situation. Many people regrets turning all their money to bitcoin because it cost them a wide lost of money while on the other hand, some lucky people benefits a lot after converting. It's just a matter of luck and timing so better be careful next time.

[Nightmare0619]

It's very unwise and risky mate, since btc fluctuates sensitively because of it's high volatility. We can't guarantee the growth of your money invested in btc.

But greater risk also means greater gain/loss. It's all about your luck and timing and also do some research before investing on any something. Because the idea of becoming rich in a short period of time is really tempting specially in btc.

[voltesbit777]

It's not risky if it's small amount of money. but if you going to put all your money you need to diverisfy all your money not just in bitcoin but there's an altcoins that will give you alot of bitcoin..

[EtherSportz]

Yes, that would be horrible judgment. Take a note from people who have been making money in other, comparable investments models since investing was a thing - diversify. That doesn't mean you can't have a substantial amount in crypto/bitcoin, but to put all of your money in ANY single thing is just a bad strategy. We can't entirely use past results to count on future outcomes, that's why people got screwed in the dotcom bubble, in the housing bubble, in the tulip mania bubble for crying out loud. I personally have substantial crypto holdings and think that there is a great amount of additional profits to be realized, but you should always hedge your bets.

[giletto]

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

It is risky ofcourse because the value of bitcoin is volatile which clearly means there's a big potential of having your money lessen or improved depending on the situation. Many people regrets turning all their money to bitcoin because it cost them a wide lost of money while on the other hand, some lucky people benefits a lot after converting. It's just a matter of luck and timing so better be careful next time.

Don't do that seriously. You must be a professional trader with a lot of experiences if you want to turn all money to Bitcoins. However, a wise man don't do that. How do you sure that you will get profit in the future. I can deny that Bitcoin is said to be the fastest way to be rich but it still have risks.

[Prem.Soorajpaul]

yes, it is very risk to invest your all money in one scheme.It also depend what level you entering but no body know, how much gain will be there. Is you will invest your all money in one investment scheme, it will create a panic on it's every monuments.

[Javed zaman]

It is risky to turn all your money in bitcoin because the market is going down nowadays. But turning about 30% can do.

[Nana99]

 I think no risk if you turn your all money to Bitcoin rather you get profit from Bitcoin for investment.

[mr.bitcoin2k17]

Yes, it is very risky and also stupid. You should keep your savings in different currencies and assets

[ShiroThe5th]

Yes it is because bitcoin is just like a investment but the interest is it depends of bitcoins price. If bitcoin is low, it is really risk to withdraw. While if it is high, it is the vise-versa of it. Sometime bitcoin is really high and you just need to have a great timing. But turning all your money to bitcoin is not suggestable.

[sanjay6121]

yes it is very risky to turn all your money in to bitcoin because the bitcoin price always change. the fluctuation in price of bitcoin is very good reason why you should invest all your money in bitcoin and no one knows what will happen in future.