is it risky to turn all my money to bitcoins?

[legenduim]

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

Diversification of savings is a common principle of finance keeping and operation. Don’t be mistaken by temporary success of Bitcoin. It is necessary to put the money in different currencies, in altcoins also.

[coat47]

First you have to keep some of your money in fiat in case of a hard blow. Then, with the money you do not need you can invest.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.

[Triss Merigold]

First you have to keep some of your money in fiat in case of a hard blow. Then, with the money you do not need you can invest.
Are you ready to lose that money without affecting your lifestyle or your morale ?
But invest all in coins it’s very risky. We must always diversify our investments. As we said don't put all your eggs into on basket. nobody knows what can happen to bitcoin in a few months/years.

Absolutely agree. What will you do if you lose everything? Invest as much as you can lose. And always leave a "financial paraschyut" and alternative sources of income.

[guxu219]

It's is unsafe for individuals to turn the greater part of their cash to bitcoin since the estimation of bitcoins change consistently. Despite the fact that individuals can make profit by it, they can likewise lose great measure of cash. Along these lines it's very hazardous for individuals to turn the majority of their cash to bitcoins.

[STATIK]

Had you bought in on Feb 6th no it would not have been a problem..

[izzabel]

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

It not as long as you believe and trust for it youronwy will gonna triple triple because of bitcoin to

[zmerol]

it is risky to turn all your money to bitcoins. Because it is all your money it’s like 100 or nothing. I know that you can invest and earn flinty of money. But are you sure that you want to give it all or use all your money to bitcoin? Can you afford to lose all your money? If you can afford to lose all your money go.Let's turn all the money into bitcoin which is a right choice, because bitcoin value is increasing and it is altcoin that has a lot of potential. Decide and implement it.

[Joylee]

if I think it is very risky if the money you have everything is stored in bitcoin because it is likely there will be thieves who do not want to be responsible for his behavior.and you could have experienced an unexpected loss before.

[mahekfatimag]

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

Don't forget the no. 1 rule. Never put all your eggs in a bucket. So my answer is a BIG NO, you should not invest all of your money into Bitcoin only. Instead, there are many coins and tokens, you can look out. I suggest invest in other projects that looks promising like ETH, Ripple and various tokens like electronium, crypterium and bankex.

[XEOP$]

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

If you don't know, ask your mom.

[Negyma]

yes risky if you enter all your money on bitcoin, when you enter the cryptocurrency you take risk and of course you need to accept if you lose, you can also start investing at a little.

[bearexin]

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

Yes it is risky because it's price can fall anytime and if you need the money you can lose many of them

[klim80]

In my opinion it is not riscky only for bitcoins but it is always risky to turn all money to one bank or one investment. It would be wise to split the investment.

[xwshamim]

if you can do it in the right tome there is no risk . you will make a huge profit so find the best time for doing it if you want to do so ..

[hoodi]

No it is not, I have already sold my 5 houses, 4 flats, 2 cars, 3 motorcycles and 1 yacht. Everything is in bitcoin , I bought it for 300 $ each.

[jerick06]

yes, you have many choice so don't limit yourself. Maybe you can decide in productive way like investing half of your money and put your half in trading. Don't pressure yourself my friend and I suggest that invest only you can afford to lose.

[Alex Dark]

It's an investment so it has a risk, not recommended to invest all you have. Do not put all your money in one investment, spread to other financial assets like stocks or bonds. Investment pros always say that never invest more than you can afford to lose.

[sycube]

You should never convert all your FIAT money to Bitcoin. Only invest what you are willing to lose.

[lamcouz]

its never too late to start, just dont try to mine bitcoin because its 100 percent failure! just invest and buy bitcoin then leaave it on your wallet for half or a year ! it will be a good outcome later !

[klavyemaus52]

If you need money now you can do this absulutly its your choose but if you dont need this money wait for it bitcoin will be 20 k dollar in months