Yes, a volatile currency that may fail at any time. Then, you will be screwed, your assets turned into worthless cryptocurrency. You should put a bit into btc, but not ALL of it in their.
It seems unlikely that bitcoin is going to become worthless but we never know what may cause the next crash or correction, just look the price of bitcoin it went down because the segwit2x fork got canceled anyone that bought at the top now is losing money and if things do not go right they may remain there for a long time. 
Topic: is it risky to turn all my money to bitcoins? - page 121. (Read 37348 times)
Yeah. Although We know that Bitcoin, the world number one cryto currency and more reliable cryto currency which is hit around 7.5k but now 6.8k and still dumping. What will you do if Bitcoin price go down around 3/4k??
Yes it is very risky. You should put about 50% if you really want to take risk and invest. But putting it all means you'll be out of money when you fail. The idea here is to take risk but only the minimal you could take. As long as you earn, you are good. Don't put too much because you'll likely be someone who will lose all of that in the end. This is a good advice not only for bitcoin investment but also other investment you'll take in life.
I can't believe people are still posting in this thread.
Yes it is very risky to turn all your money in to bitcoins i would suggest to do 50/50 because that will give you more knowledge about how everything works and that way you can learn how to invest and what to do if it goes wrong or good.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
this is not harmful, if the risk may still exist because of the risk when you become panicked and desperate to sell cheap then you will lose for the rest of your life. that's the risk.
Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. It is also important to note that you should know that bitcoin has a volatile stock and it's not good to put all your eggs in one basket
Never put all eggs in one basket. I have read about this and I certainly agree about it for all crypto currencies like bitcoin is too volatile that putting all your money or your funds into it is very risky and dangerous. There are times that its market price is on rise but of course there will be times when it is falling. Tracking or knowing the past issues about it is very helpful to understand it. It will be wiser if what we do is to use only a part of the money so that if things did not go how we planned it, there will still be money left for us.
Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
This is very important advise actually. Out teachers taught us in the first lesson in Economy lessons. You should not put all your eggs into one basket. If something happens to this basket you may lose all of your eggs. To be able to minimize your risks you should always divide your capital into different investment tools.
Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
Agree with you that all forms of the savings are risky. Bitcoin price oscillation is too strong so we worry about it. But if we ventured with Bitcoin, profits when long-term investment is very large
Even the most seasoned and experienced holders of bitcoin will preach restraint on investing all your money on bitcoin and even on other investments as well. It is also important to note that you should know that bitcoin has a volatile stock and it's not good to put all your eggs in one basket
that's very risky, if you want to invest in bitcoin, you have to use money that will not be hastily use, so you do not panic to sell it when the price of bitcoin fall,
how much are you willing to lose, put that into crypto, if you can't lose anything, then don't play into crypto
I think its not risky beside if you want to use them anytime you can just convert some into fiat. Bitcoin is a good currency to hold either for short term or long term period specially now that the value keep increasing. Converting all your money into bitcoin does not mean you cannot use them when you need it so I think there's no risk with that
What you are telling is wrong investing whole investment to Bitcoins is always risky as you can see the price went down from 7800+ to 6700+ so who ever invested in high level is now i loss and suddenly he is in need of fiat currency then will have to sell in loss. So it is not good to invest fully in bitcoins but invest only that much amount which dont affect your financial position if the bitcoin price goes down.
Yes its risky to turn all of your money into bitcoins as the price of bitcoin is very volatile and you will probably lose especially if you don't have knowledge about bitcoin. If you want to invest, just get a percentage of your money in investing and don't put all of your money. As they said "Don't put your eggs in one basket".
Turning all of your money into ANY one asset class would be risky by definition, so....I would not recommend that
always risky, but hey, risk = reward right?
Yes. It is also very unwise since the Bitcoin value varies, you can't always expect it to increase since you will not be able to control it.
I think its not risky beside if you want to use them anytime you can just convert some into fiat. Bitcoin is a good currency to hold either for short term or long term period specially now that the value keep increasing. Converting all your money into bitcoin does not mean you cannot use them when you need it so I think there's no risk with that
Traders crypto currency have a golden rule - "do not use money that you are afraid of losing" you should not sell the house and buy bitcoin, but you can invest money that is dusting in the bank.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is very risky because sometimes Bitcoin price rise ups and sometimes Bitcoin price fall down. Some time hacker hack someone Bitcoin address or account. I believe all money transfer into Bitcoin is so risky.
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