is it risky to turn all my money to bitcoins?

[daarul50]

The risk to an investment is the sole responsibility of the person making the investment. Then, if you dare with all these risks all possibilities can be obtained by you and the possibility could be beneficial and detrimental. Many suggest that it is wise to invest in cryptocurrency because price movements that we can not always predict at all times make the risk very high. It all depends on you.

[Addywealth]

It is very risky to put all your eggs in one basket what if the basket got broken that is means all your investment is gone. I will advice that you  convert part of your money into bitcoin while you leave part a physical cash

[Brithon]

Currently Bitcoin prices are going up like crazy. It's likely that the price will stabilize at around US$10 from the current US$200. Currently the price is going up so fast a webshop would have to adjust their prices almost daily if they wanted to accept Bitcoins. It's not very convenient.

[Edrahil]

Inevitably the question arises whether one should get involved in this new phenomena. I don't recommend putting large sums of money into it as the bubble will inevitably burst in a matter of weeks but nobody knows when exactly. But I do think it's a good idea to get familiar with the system and perhaps buy just a small amount for the experience or to support the growth of the Bitcoin eco-system.

[CryptoZ7]

According to me it's not just risky but also not a wise thing to do. The wisest thing would be to have a diversified portfolio. Invest your money in various different coins or businesses. If you lose in one you can cover the losses from other coins or businesses.

[carlisle1]

If you want , you could turn your all money to bitcoin, but I think you should not put all eggs in one basket. things you need to know before investing " No Central Command, Secure Your Wallet, Bitcoin Price, Bitcoin Exchanges, Bitcoin Isn't Completely Anonymous, Unconfirmed Transactions" 

thats it,if you think that bitcoin anonymity is indeed thats a mistakes,because  the transactions we made are open to all to know.so better watch out of that.and never put all your wealth in single business because if you fail,theres no recovery point to start,so keep something for future needs

[mir1127]

In my opinion it will be risky! The risk is obviously there, even if you invested a bit of your money in bitcoin the risk is persists but the impact of those risks for you is smaller. But if you invest all your money in the bitcoin the risks you will face become bigger and I do not think it's a good idea,,I wouldnt advise turning all your money to bitcoins. Due to the price instability of Bitcoin which can't be totally avoided also it's advisable to have some liquid cash kept seperately because it will definitely be needed at some times,hence having these wouldn't leave you stranded of cash,best of luck,

[Mcdacillo]

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

Unfortunately it is yes. Its risky because bitcoin is volatile and it is not held by the gorvernment. Therefore, its price is cannot be change as much as you want but bitcoin price can rise so fast and can also be reduce also very fast. If you turn all your money and invest iit on bitcoin there is a big possibilities that the you invested on bitcoin will be decreased but also on the other hand, bitcoin can also give you additional money not included the money you invest.

[Shwester]

If you have less money it will give you benefit .if you have large amount and you are going to  invest in bitcoin it will be risky.

[sandaru]

What you need to you understand first is bitcoin is an investment and every investment is always risky. I think you got the answer now

[desanti]

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 also not a good thing to do, the best thing is to have a diversified fortofolio investasikal your money with different coin or different business, so if you lose one then you can cover the losses of the coin or business others. but it's up to you if you are a risk taker, but for me I will not do that

[cryptomoon1002]

invest only what you are willing to loose.. It can make you or break you - both possibilities exists

[baydewant96]

I think if you want to try definitely all have their own risks, such as bitcoin. If all your money in the bank is used to invest in its risk bitcoin when one day the bitcoin price falls so your money will be lost and you will incur losses due to the fluctuating bitcoin price nobody can set the bitcoin price to remain stable, but if the price bitcoin rises, then your money will multiply multiply, so you will earn money quickly without working. It all depends on you whether you are ready to accept any risks that come when you invest in bitcoin

[Ram krish]

yes it is really risk to turn your all money to bitcoin. because the value of bitcoin is volatile. some governments banned bitcoin. if u put all your money in bank you can get a low interest. but in bitcoin you can get more profit. if value dropped what will you do. so don't turn all your money.

[Christian13]

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

Is it risky to turn all my money to bitcoin? Yes, it is risky if you will turn your money into bitcoins, because bitcoin is volatile and you won't know when it will rise or fall. But if you trust bitcoin enough, then go turn it.  and because we all know that bitcoin's price is keep on rising nowadays, but we also need to think in advance that not all the time its value will keep on increasing and if you will turn all your money into bitcoins, then you need to be ready of the possible happenings that you might encounter or experience in the future.

[RudeeTam]

It's very risky to turn all your money to bitcoins. If you're really into it, I would suggest just using half of it. This way, you will have money for emergency situations. If bitcoin depreciates, the you'll have half of it safe.

[acell101]

Yeah its risky..Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion.

[joanshu]

It is such a foolish thing to turn all your money to bitcoins as bitcoins are just an investment form which we can try to expand our wealth .The market value of the bitcoins keeps changing every now and then so it will be really a foolish action to turn all your money to bitcoins. It is always best to buy bitcoins out of the money which is left out after your investment .Which means the amount which you are okay to loose even if you end up on loss as it will take time for the market to recover if there is deflation in the market value so if there is an emergency need of fund you will have to sell of in the available rate which will result in loss if the market is down so it is always better to make investment out of the money which is okay for you even if it is gone.

[Matildada]

Yes, it is a very dangerous investment.
The price of bitcoin is volatile, and no one knows whether it will fall or rise tomorrow.
You shouldn't put all your eggs in one basket.

[Englebabylove]

Yes, it's risky.
Buying bitcoin as an investment is risky.
The price of bitcoin is not stable, it is changing at any time.