is it risky to turn all my money to bitcoins?

[carrymem79]

Yes of course. If you gonna ask me why because bitcoin is unregulated digital money. Investing money from exchanges has no legal protection. Do you know also that it can be stolen anytime because of hackers that will hack your digital wallet. Worse there is no guarantee about the value because anytime it will drop. Worst if you forgot and lost your password you cannot retrieve your money. For now, just turn your money into bitcoin what you can afford to lose a gentle reminder.

[Aura]

It could be effective if everyone accepted Bitcoin as a means of payment but that isn't the case. At this moment, the price of Bitcoin is really speculative because the majority is using it as an investment asset. Meaning that isn't really stable as a store of value, however better than altcoins. The rule of thumb is to never invest more than you can lose.

[online73]

Hello everybody. I understand those who think that investing in something that can not touch and feel in your pocket, at least - scary. But this is fundamentally not the right approach. Bitcoin, - first of all, this is the advanced technology of blockchain. And investment in bitcoin should be seen as an investment in technology, in progress. The downloading price is the imperative of the time, the weak points of the market, because the market can not do without such differences. For me, the price is normal and one hundred dollars and one thousand and one hundred thousand dollars. To my deep conviction, bitcoin will cross such levels of value more than once in this century. Once again I repeat, - such differences for the market are normal, you should decide for yourself where and at what price you should buy, and then whether it makes sense to sell it. And I am confident that in the long term, this is the most profitable and safe investment of this century.

[kuntet99]

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

not at risk, if i money it to buy btc only, because the current btc price again decreases, it's safer.

[Vorlk]

There are risks in everything, but the profit is worth it

[Gabb]

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 excessively risky. I made the decision to move all my finances to bitcoin and ethereum recently, and overnight I have found myself seriously compromised in my economic prospects for this year. So I think you should think more seriously about that option in case you have economic dependents. If this is not the case, perhaps it is worth taking the risk.

[Shinpako09]

There is always a risk when it comes to investment and you should know that and even more risky if you go all-in. That's why you should keep some no matter what happen atleast you still have an extra money and no matter how sure you are in one investment.

[makulo123]

Yes, it is risky. I wouldn't recommend you doing that because of obvious reasons (probably mentioned like 100 times before me). The best strategy is to invest like 20% of your equity to crypto, perfectly diversified between many projects.

[Ponzi Shame]

All investment comes with risk and putting all your money in bitcoin is not a good idea its better diversify your money and invest to altcoins also because there will be time that bitcoin will dump and altcoins will go up. And in this way you can gain more profit.

[Geoll29]

It's risky to turn all your money to bitcoins. If I am on your shoes I will diversify my money to several investment programs, not just bitcoin. You may try stock market or a side business. It will be more rewarding.

[anga3636]

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.

Even if you do that you’ll need to cashout cryptocurrency daily to buy your day to day needs like food lol

[FeArZ]

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

You need to only invest what you’re willing to lose, and I doubt you are willing to lose ALL your money due to cryptocurrency

[Isaac45]

We must invest our money in various forms rather than any one, it may be bitcoins or banks or equity markets. keep some cash on your pocket for your everyday needs and other you can secure on banks . but its up to you men its your choice i hope that you will not repent later what have you done. but i suggest you don't get risky its a bad idea

[Alexander195]

I'm very optimistic of the positive sides of btc, If i'm given a chance to hold a huge capital, Id rather invest it thru bitcoins because i witnessed how it remains to stand up until this present.With bitcoin and other digital currencies we doesn't know what happens by tomorrow. The price fluctuates and in unexpected time drop in value takes place. This is the only risk on turning everything into bitcoin.

[Joseph236]

 the case maybe different to other area like the western and some first world countries where bitcoin and other payment methods are really accepted where you can buy almost everything. If it is money that you cannot lose, then don't do it. If it is a good long term investment, go for it.

[Edward1977]

Also depends if you have a stable income or not. If you have a stable income and some savings aside, it can be safe to convert part or even all of your savings into BTC.It will profit ad bitcoin's price goes up. Bit if you will invest it in some projects related to bitcoin, that would be so risky. You might have loss big part of your money so it will depend on how you'll going to invest you money into bitcoin.

[Samuel185]

Bitcoin has so far this year beaten many traditional investment asset in terms of ROI it has to offer on invested amount in shorter period. This make Bitcoin to be a lucrative investment. It's not recommended to put all your money in bitcoins to reduce the risk investing in stocks or saving your money in the bank is also a good choice.

[Max79]

 Bitcoin nowadays is stable and having high price, but we can't predict a guaranteed future for this crypto currency, or for its price. It will be used and traded for years surely, but the price is volatile, it can going down anytime. Bitcoin is heavily influenced by market sentiments, many inexperienced people, not well educated, and still have weak hands. So if you plan to put all of your money in Bitcoin you are just risking by riding a car going downhill without brakes.

[andra-ierma]

It's too much to risk if we want to put on it. As we know this rate is so fluctuate and we can't to predict it. Price in february is $9000. We can imagine that the last december the price of btc is so high and the price is more less $15000. Just spend 3 month to put down of price btc. But it's our decision to put of it.

[Daniel355]

Yes i am quite fimiliar with you and i think putting all in it is quite dangerous or risky but i really believe in its potential and i think over the years we have seen its progress and i think it is now considered as safe haven for investment.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.