is it risky to turn all my money to bitcoins?

[SeniorRalap]

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

I think yes, bitcoin is a good investment. But the price of bitcoin is not stable. It can collapse at any time. It is risky. We cannot invest all our money in bitcoins. If bitcoin fails, we will lose everything.

[Script3d]

Every Investment is a risk like holding bitcoins/altcoins because its volatile there is no type of investment without a risk but there are still investment will minimal risk its up to you if you take the risk.

[Jacsnuffles]

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

Well, If I were you, I'll just use some or half of my money to crypto or in Bitcoin. It will be very dangerous to invest all your money in the digital asset. Because the price is volatile. You'll never know (exactly) if Bitcoin will go up or down. Then I'll use some of my money to other crypto coins that is promising. I'll use it to gain profit and don't forget to buy Gold. Just an opinion.

[turagsoy123456]

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

Yes, is to risky if you turn all your money in bitcoin.because we cannot predicts the price value of bitcoin its either decreasing to a very small value or increasing in higher value.bitcoin is very volatile so its to risky.like what happen in the past few months the price value of bitcoin in the market is decreasing.So there are many investors lost half of their money.

[tushin4]

Yeah dude it is risky to turn all your money to Bitcoins.though you can earn a good amount of profit through Bitcoin, you can invest in Bitcoin and make your life Shine. but mind that excess of anything is not so good.And I think you should not turn your all money to Bitcoins since there are some risks.

[Marco Ambrusini]

Well we shouldnt never invest into one single coin, even bitcoin being the most stable and best option to invest i would split my investment this way 40% into bitcoin and the remaining 60% i would put it into altcoins, soo i would diversify a bit the investment, even knowing bitcoin potencial.

[daarul50]

Investment on crypto cannot be 100% valid prediction because some factors that can influence market condition especially bitcoin millionaire who do pump or dump so it is very risky if we invest all our money to bitcoin. However, it is from these fluctuations that make crypto more desirable than other investments because with such fluctuations the bitcoin traders and millionaires can get some profit.

[Ekimzjames20]

Investment on crypto cannot be 100% valid prediction because some factors that can influence market condition especially bitcoin millionaire who do pump or dump so it is very risky if we invest all our money to bitcoin. However, it is from these fluctuations that make crypto more desirable than other investments because with such fluctuations the bitcoin traders and millionaires can get some profit.

Yes it is risky to turn all your money with bitcoin. Risk is always there even in a small or large business. That is part of being a businessman, in order us to grow. We can't predict what woud be the future. So if you invest, don't put all your money. Invest with what you can afford to lose.

[Pamela Jobelle]

 I will never turn my whole money into bitcoin Because bitcoin has no official approval by the government of my country to use, so a type of risk or fear will remain in the heart that what will happen if the government of my country will take the negative decision or will they ban than what will happen. It's ok to invest your money, SOME of your money, not the whole amount that you have.

[miang]

Yes its too risky, specially now while the market is in bearish situation. One more thing, bitcoin is in trouble. On November 2017 there will be a hardfork. This might cause another huge Bitcoin dump. If you can just predict what is the dip, then you can start buying bitcoin a portion of your investments from your local bank.

[patz22]

I leave some of my money in the bank even though it will not grow you can have your money immediately in case of emergencies thats why I didn't turn all of my money into btc. And also due to the fact that it is volatile and we cannot control the market thats why I Iose some of my earnings last year but still I will hold because it is starting to go green.

[Trilogy-AI]

I leave some of my money in the bank even though it will not grow you can have your immediately in case of emergencies thats why I didn't turn all of my money into btc. And also due to the fact that it is volatile and we cannot control the market thats why I Iose some of my earnings last year but still I will hold because it is starting to go green.

Yes, one of the under-appreciated benefits to keeping some money is cash is that it stabilizes your investing psychology. If you have some cash, you are less likely to panic on a drop in BTC price (and end up selling out at the worst possible time).

[bubble pop]

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

Absolutely yes! When you turn all your money to bitcoins were not quite sure if your money will gain high value of profit it can be double or triple or will go low it's value knowing that bitcoin value is so unpredictable. Bitcoin is a matter of luck take a risk or do nothing else.

[Stegobit]

Its much safer to keep your money in Bitcoin than in bank account or fiat cash.

[jazpreti]

Yes, its risky to turn all your money to bitcoin. There is no 100% sure for this kind of investment. There might a big chances but it is still risky because the small chances might happen for you. So it would be better not to invest all your money. That is it.

[akiraho]

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[iyan33]

yes the risk is quite large, because in the world of bitcoin there is no such thing as a responsible person if our coin is lost or stolen, but if we dare to exchange money with bitcoin keuntunganya big enough, but if saving money in the bank there is no profit , that's according to our courage

[Sampson7]

It is risky to turn all your money to bitcoins in sense that. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, then suddenly the BTC price goes down, and you no longer have the same value, you will be at loss here. I think you should invest some of that money in the bank, This way you will have money in case of needs, and you can let your BTC be converted to money or increase in value. I will never turn my whole money into bitcoin Because bitcoin has no official approval by the government of my country to use.

[White32]

In my own thought dont put all your money in bitcoin bacause in case of emergency you cannot convert it into fiat specially when the price of bitcoin dump. The bitcoin price is volatility and you will not know when the emergency comes out so much better if you kept money on the bank and invest bitcoin only the amount that you can afford to loss.

[panther16432]

I think it is not a risk. Beacause no one can destroy or hack bitcoin network. Bitcoin haven't central authority. Hence no one can make walls for bitcoin. I like to convert my all money to bitcoin