is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes. It is really risky of turning all your money into bitcoin and putting your real money into virtual storage because we are less assured that our money is safe there away from hackers and scammers. Also with that we are not assured that the modern technology will be stable since bitcoin was generated and operated through modern devices that whenever it malfunction the money you have turned into virtual will be put out into nothing. So it is still best if you will have a real money and virtual money at the same time. 
Topic: is it risky to turn all my money to bitcoins? - page 150. (Read 37348 times)
Of course. It is very risky. We all know that bitcoin's price is keep on rising nowadays, but we also need to think in advance that not all the time its value will keep on increasing and if you will turn all your money into bitcoins, then you need to be ready of the possible happenings that you might encounter or experience in the future. It's better to be safe. So, you must not turn it all into bitcoins so you will not regret it in the future.
Considering the up and down chart of the bitcoin against the dollar signature. You cannot and are not advised to make such decisions or take such actions as the risk is way too high.
Yes, it is risky if you will turn your money into bitcoins, because bitcoin is volatile and you won't know when it will rise or fall. But if you trust bitcoin enough, then go turn it. And if you have nothing to do with your bitcoin then it is better to invest it so that it can grow bigger. But remember it is risky to turn ALL your money to bitcoins.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course. Putting all your money into bitcoin and turning into a virtual money it literally risky because we do not evenly sure of how stable bitcoin is to stand and hold our money for a long time span so it is still good if we will have a stock of money in the real world in which will serve as a back up source whenever our money experience a great loss in bitcoin because it is still unpredictable on when the price will fall or rise. 
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
bitcoin is an investment tool, very risky if we invest our money in one type of investment because investment can be very profitable also can fall in price and also we still need cash for everyday needs Never put all your eggs into one basket. In anything including Bitcoin. Bitcoin may well double in price or even surpass that in the next few years but you should not put all your savings into bitcoin just in case it goes the other way.
Yes we should not put all of our eggs in one basket, this has been said all over the forum. How about this family, what can you say about them? https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html They did bet all in for bitcoin. I can't do this but I love on how they are focusing with crypto's though it's still risky because we still don't know what can happen with bitcoin anytime.
- If they succeed, they will change everything in their lives and become the new rich, I have nothing to say except congratulate them but if they fail, they will lose everything, even they will become crazy and do not believe in this failure, they will think this is an illusion. Although Bitcoin is a ideal investment but nothing is sure, bringing the future of the whole family put into it really is not worth
Never Invest More Than You Can Afford to Lose!!!
Exactly! It's the golden rule!
However, a good balance of winning and losing is important. If you just win all the time, you won't get anything out of it;
having some tough losses can be really important
it is definitely risky. you should always divide your money into different investmen tools like crypto currencies, stock, commodities etc.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Even if this money was just sleeping in the bank and do nothing it still too risky if your turn them all in bitcoin. Bitcoin is really trusted currency but not just because it is trusted you will put everything here. You still need to be wise in dividing your investment. Because what if you become a victim of scam here? So all your money will lost. Your expecting for a profit and yet you let your money loss because of a wrong decision. So be wise in investing.
I don't turn all my money to bitcoins but I try to buy at least 300 euros every month.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
RIGHT! DO NOT TURN ALL YOUR MONEY INTO BITCOINS.Keep $1 and frame it.
We can't deny that risk does exist when taking such decisions since you are putting all your life savings at stake and risking their actual value to drop significantly if bitcoin's value drops , yet you are also taking the chance that your funds could grow or even double their value just in few days . It is a risky move but with higher risks comes higher rewards and your life could change depending on bitcoin's value . As for myself i wouldn't ever take such risks cause i don't want to put my financial status under any pressure and thus ensuring a stable situation for myself and my family .
Never Invest More Than You Can Afford to Lose!!!
It is not just risky but foolishness to turn all your money into any volatile trade or commodity, including bitcoin. As a thumb rule you must define a minimum monthly savings, after you have deducted of all your fixed expenses and commitments. After this you could start investing a small part of your excess savings. In this way you can sustain if the prices go low and also hold long for better returns.
If you're just a newbie in cryptocurrency world and you just know a little about Bitcoin and cryptocurrency I think you shouldn't do that just start with small amount cause there are a lot of risks you will have to take when you want to invest in Bitcoin. Maybe right after you exchange your cash into Bitcoin the price of Bitcoin will be dumped that mean you lost a lot of money too, a lot of people will feel nervous and cut the lost 
)) it's not easy to find out the good time to exchange into Bitcoin so I suggest you should start with small amount and if the price dumped you just need to wait it'll rise back soon 
)) it's not easy to find out the good time to exchange into Bitcoin so I suggest you should start with small amount and if the price dumped you just need to wait it'll rise back soon Although Bitcoin is risky, it is not as risky as the altcoins. The volatility of Bitcoin has reduced as its market cap is getting bigger.
Even though bitcoin is currently the biggest investment asset currently in the world at the moment investing everything you have in it is not a good idea at all, You may be spelling doom for yourself in the case when the currency crashes and since we don't know what's going to happen in the near future, Anything is a possibility. 
Although Bitcoin is risky, it is not as risky as the altcoins. The volatility of Bitcoin has reduced as its market cap is getting bigger.
turning all of your money into bitcoin can be risky, you may lost money whenever bitcoin drop, so you should divide them into may altcoins to keep your money safe.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it since due to the fact that bitcoin has a huge involvement with money hackers are just waiting for a prey here they are just waiting for some favorable situation where in they can get the profit of hard workof the other people. If youcannot afford some profit to lose you must be aware of not turning them into bitcoin especially if you are not that sure if you can something from that.
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