is it risky to turn all my money to bitcoins?

[GiantArrow15]

Yes. As what they said, you should not put all your eggs in one basket. You’re taking risk with the decisions you made here in bitcoins. Just invest enougj money that you can afford to lose.

[DoublerHunter]

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 !

It is not a failure if you have a lot of patience and if you want to have a passive income and the most important is, if you are in the country that doesn't have a very expensive rate for electricity because that is the reason for a miner to be born. Mining is still profitable and a lot of people are doing this and i have a proof for you and that is the people who are sustaining the network of the coins.

[AteAJ]

turning all your money into a bitcoin is so risky because we dont know when will the value of it turns high the same way as it goes down.  much better if you invest your money in various businesses.

[Tagabukid69]

Yes, because bitcoins is unpredictable, the money you invest in bitcoin considered to be your losses, anytime of the day. It will collapsed in an instant and  nobody institution from central bank, back up
 bitcoins for insurance whenever it drops down it is considered lost. Even it is risky most of us eager to invest, because they can afford to lose their money and some other believe that " the greater risk,  the higher returns profit"

[maxdsign]

it is definitely a risk turning all the money into bitcoin.but you can invest some amount .but not now btc will dump to range 6000$ then you can get more bitcoin.i think this is the best thing if you really want to buy bitcoin for a long hold

[santieevanz]

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

Most of the people here on the forum will definitely answer that turning all your money into bitcoin is really risky. Yes, it has the potential to increase its value but at the same time, a decrease in value can also happen just like what happened in the month of January. Bitcoin is anonymous, if there's a current change of value/price, no one is manipulating it which means that no one ever known where it will pump and dump. The decision was commonly used by all of us and yes, it is always depend on us.

[christina30]

I think all investment is risky. But it will be less if you will just read and understand the profile where you invest. And i think investing all money in bitcoin is a bad idea eventhough bitcoin has big potential and i never lose to him. But we need to secured our future just make it 80% of your money invest and the 20% will remain on you just incase...

[linshuhow]

Yes this is risky. You need to have a balanced portfolio

[jayc89]

Yes this is risky. You need to have a balanced portfolio

It's like having two investments inside one. Bitcoin and the altcoins prices fluctuate a lot, it's hard to get an exit.

[Xester]

Yes this is risky. You need to have a balanced portfolio

And besides, selling your house to buy bitcoin is a total risk.  What will happen if you bought at this rate and its price will go down.  Maybe buy some half if you really want or just do not mind what we people gonna say.  Just invest half of it.

[bigbosma]

Unfortunately, this is the specifics of the market-we do not know how the market will behave tomorrow, in a week or a month. We make assumptions and rely on the opinions of analysts, but everything is too unpredictable.

[LAWoman]

Of course, it's very risky to transfer all the money into bitcoin. It's better to keep the eggs in different baskets and buy  some other ICO tokens.

[jbarcenas18]

yes it's risky, if you turn all your money in bitcoin how about your daily needs, just consider that btc is volatile so you can't predict the value. What if the value goes down so you will lose, it's good for u if the value of the bitcoin will always goes up. Don't take all your money by chance, because you will end losing or gaining profit.

[kaizie]

Yes of course it is to risky to turn all your money in bitcoin. It's ok if half of your money you put it like 50% if you really want to invest in bitcoin. But only invest what you are willing to lose in your life. so you will not regret it especially if you do not have the good results in your investment.

[Koobtcgal]

I am a bitcoin enthusiast but I won't advise you to turn all your money into crypto and for that matter, bitcoin. It is advisable to hodl btc but not to the extend that all your fiat will be changed to btc. Well, if you can stand the variations in market with the losses, then turn everything to bitcoin. What I mean is that the price of bitcoin fluctuates and for that reason when it is low, the only option is to keep hodling and what if you need money to buy something urgent? Will you exchange to fiat at the time it is low? I think you won't do that and that's why you don't have to turn all your money into crypto to save you when prices in crypto fall.

[Crystacool]

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

Investing in bitcoin is risky. The price of bitcoin has been volatile and it can crash at any time, leading to losses on investments. We can't invest all our money in bitcoins. Bitcoin is not a cash cow. We need to control the risk of investment.

[Tuyul Gupies]

I will not turn my money into bitcoin again, I'll just look for bitcoin to capitalize on bitcoin investing. bitcoin is very good to be a job in the year this year and in the future, bitcoin that has become my paper currency will not be so bitcoin again because I've put it on its place. better find bitcoin and collect it until it can be used for investment.

[Angletim]

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

You should know the price of the bitcoin is not stable, it can change at any time, in the past month, have taken place in the bitcoin collapse, the price down from $19000 to $6000, it is a big loss for the investors. So instead of investing all your money in bitcoins, you can invest some of your money in bitcoins.

[chengyinoing01]

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

Obviously you're taking a risk, and any investment is risky.

But for me, I'm not going to do that. I'm just going to invest in myself.

[pthnmj]

That is absolutely too risky to turn all your money to bitcoins. It's highly volatile.  I'm telling you never invest more than you are willing or able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.