is it risky to turn all my money to bitcoins?

[Jaxon1234]

i think if we know that everything that we invest have a risk then we should know that investing in bitcoin is also risk and we don't have to risk all of our money with bitcoin. You need something as a reserve in case you need to repair your car or buy a new fridgerator or something.

[Matthew1968]

You do not really need to spend all your income to earn bitcoins, Just by working in campaigns or doing services that will benefit for ico's platform they will pay you coins.It can be too dangerous if things does not go right as per you then you may loose a huge amount of your money unless it is extra then its fine.

[shaheer001]

It is 100% risk so never put your all eggs in one basket. always trade with controlled investment and don/t think or wish to become rich overnight. wait,hold and keep calm.

[Harvey1960]

 Every day bitcoin price is increasing but money price is not increasing. So I think you should convert your all money to bitcoin. If you convert your all money to bitcoin then you will receive a great profit in far future. You can invest in here but I suggest not all of your noney. Because in this business you can either earn big or you wil loss. But at this moment the value of bitcoin is really high. So bitcoin is getting stronger.

[teoco161]

Well, to some extent I will say it is risky to convert all your money to Bitcoin because of the volatility of Bitcoin.Be comfortable with the amount you are ready to lose however with high risk you can also get high reward. I think if you have a good understanding then you can gain a large portion of profit by investing your money.

[teoco162]

Indeed Bitcoin's market value is continuously increasing as years are passing by, but still, it is an opensource system and volatile which are risk factors.I suggest you can put your money in bitcoin in the perfect timing, if you sure that it was time to buy then buy.

[jacob161]

 Our fiat currency is something we can trust, the money we own is what we will have with us. Even if it doesn't increase we can be assured it wouldn't even decrease. You can lose it easily of you're not careful enough. If you want to take risk then you can do it. Though I advise that you invest half of your money to cryptocurrencies and half of it remains to your bank savings.

[danie161]

Yes,Inverse of full money in some how risky.If the price reach high means ,you will get profit .If the price of bitcoin reaches low value means, Your inverse of bitcoin will be sit waste.To get profit you have to avoid sell of bitcoin when the price reach low value. Avoid of panic selling. In my opinion what is risky is waiting now because it looks like Bitcoin is going up and probably right now is a good opportunity to buy when the price is still low compared to what will be in the future.

[lhadygreen]

I highly recommend not to turn all your money to bitcoins. It may be profitable but it may affect your identity.
It is very risky and volatile. It used to the law of supply and demand. Because it's price sometimes decrease or increase.
Remember also not to sell your btc.

[VampKing]

Why you want to put all your money into Bitcoin? Look it's all about investment and gain. If you have more money than you need for daily expenses, you can invest it as a portfolio. I mean invest in more than one particular project. Btc may make you rich but it may take more time than other coins. Look at the percentage that other coins have grown.Than make a plan and of course that can be long term or short term.

[dafone]

Its very risk. Do you know this statement? ,"High Risk High return"

[DispatchLabs]

Never invest more than you are willing to lose.

[sampath19]

yes. i can't say 100% risk. but don't do your all money investment to BTC or another things.

[aoki231]

The answer to this question is based on your risk status. If you go for high risk, then turn all of your money to bitcoins but this is risky. And if you risk tolerance is low, I know for a fact that you won’t turn everything you have to bitcoins. The best strategy would be to apply conservatism. Just the right amount of risk would result to the right amount of return.

[Tomihiro0428]

Yes it is risky. Specially when we are new to trading or investing in market. Bitcoin market is more volatile and risky rather than those stock markets. We might get carried away of our emotions. It will depend on how would you trade om spot or live market. Never put all your money in crypto currency. It’s much wiser if you would invest let sy 1/4 on mutual funds, 1/4 on crypto and others will be keep for emergency purpose

[Adeyemi]

Very risky.

Why would you do that in the first place?

How will you survive?

How will you meet your daily needs?

Unless you've got no responsibilities whatsoever, then you can take all the risks you want and bear the consequences alone. All by yourself.

[dhka]

Very risky.

Why would you do that in the first place?

How will you survive?

How will you meet your daily needs?

Unless you've got no responsibilities whatsoever, then you can take all the risks you want and bear the consequences alone. All by yourself.

Bear the consequences alone, it hurts LOL
But I guess what you are saying is true

Only invest the amount you can afford to lose, that is the m9st important thing to keep in mind. Do not put your live savings into speculative assets like cryptocurrency. This is to prevent the possibility of you doing a suicide

[btccointalk]

Yes,It can be risky...I suggest not to turn all your money to bitcoins it's price often decreases and increases.

[engrdaver]

Very risky. I would not recommend it. Although it is in the bank, it is better because you will have that sense of security that you have money when you most need it. Turning it all into Bitcoin does not guarantee easy access to money. It may grow in the form of investment but it takes too long to process and convert to cash. If you really want to invest maybe put in 30-50 percent of what you have in the bank, depending on your financial capacity and comfort and keep the remaining for emergency purposes.

[hydeevanz]

Yes, it is very risky to turn all your money into bitcoins because we all know that there is a big chance that bitcoin will fall, which happened after the year 2017 which leads to losing huge amount of money of some investors. Many people here on the forum got disappointed and blamed their self for the sudden dumping value of bitcoin. If you don't want to experience what they've felt, never ever turn all your money to bitcoins if you don't want to have an empty wallet.