Hello..
No doubt it is a bad decision,you could suffer huge loss or bitcoins can be banned in your country or their market value could go down.
In fact this means there are a lot of things that are uncertain, thus I feel its completely unreasonable to put all your life saving at a stake.
Yes they are secured in a bank so thats not providing you with any income thus you are worried I understand but..
You should buy bitcoins no doubt but not... From every single penny that you posses.
How about thinking about investing in gold or real estate ?
Topic: is it risky to turn all my money to bitcoins? - page 187. (Read 37348 times)
According to me it will be a bad decision to convert all bitcoins into money. The value of bitcoins is highly volatile and uncertain so there is no surity when bitcoin price will rise and you will be in loss after reserving money in your bank accounts . The second reason it is a bad idea is because all countries does not consider bitcoin as a legal accomodity so they might question the transaction of such huge amount of money into your bank account and may not legalize it . So converting all your money into bitcoins is not a good idea.
It's risky no argument in that ..BTC cannot be replaced with all your money cause the BTC market is highly volatile..Bitcoin has not that level of security as much as real money ..People can lose all their money in a couple of seconds in bitcoin. mainly the insecurity is it's fluctuating price if you are an investor you would not prefer to change all of it into some currency
It's not risky at all cause it's depend on the time when you exchange all your money into Bitcoin. For example there are some guys exchanged money into Bitcoin when the price of Bitcoin was about 4k2$ and right after that Bitcoin price dumped to 2k9$ in only 1 day so there are a lot of people afraid of this dump and they had sold all of their Bitcoin to cut the loss. I think you should be carefull if you want to exchange your money into Bitcoin, try to find out the good time to do it 
it's risky in bitcoin or in (only one thing) , you should have more than one thing to invest on it
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I have been buying bitcoin with a sizeable amount. and the rest I buy for investment allcoin and ico. I had a lot of speculation, but it was worth the money I earned.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it's risky, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.
you just said that it is risky so why are you going to divide your funds with 80% on bitcoin? in my opinion that is still risky because bitcoins price is not stable in fact it is wild so 80% is too much. and i think people keep their money on banks is not mainly because of interest but because of they want this security. seriously if you're into interest then just go with investment e.g. bitcoin although invest an amount you can afford to lose. also theres no sure in speculations and predictions
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
oh i would think that would be a risky move, nobody can predict what is going to happen to crypto currency and bitcoin lately seems very volatile. you shold only put in what you are confortable or prepared to loose. if you are prepared to loose it all - go ahead
Of course this is so risky! A good investor never turn all his money to just a currency.
Bitcoin still volatile so better trade only for what you can afford to loss or you will regret forever
For example : Chinese and South Korean did not ban ICO without any reason, they did it because they want to protect their people from scam that usually being done by ICO
For example : Chinese and South Korean did not ban ICO without any reason, they did it because they want to protect their people from scam that usually being done by ICO
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course you may divide it into half invest it with 50% in Bitcoin and 50% in fiat. It is always good to have a balanced investments just to avoid any problems from both. If Bitcoin drop its price you have your fiat money as back-up but if fiat money is compromised or stolen then you have also your Bitcoin as back-up either way you can always recover from loss. I think interests in banks compared to the movement of price in Bitcoin is not comparable I mean there is a big difference because Bitcoin is very volatile while fiat money is stable. Much better to make our money roll rather than just sitting in the bank and doing nothing. 
very risky, but I think it's worth the profit you can get. this is a matter of speculation and the future that you will decide. it's not a new thing for bitcoin to make people become better and successful.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes of course you may divide it into half invest it with 50% in Bitcoin and 50% in fiat. It is always good to have a balanced investments just to avoid any problems from both. If Bitcoin drop its price you have your fiat money as back-up but if fiat money is compromised or stolen then you have also your Bitcoin as back-up either way you can always recover from loss. I think interests in banks compared to the movement of price in Bitcoin is not comparable I mean there is a big difference because Bitcoin is very volatile while fiat money is stable. Much better to make our money roll rather than just sitting in the bank and doing nothing. 
don't do that dude. we don't know what happen in the future of bitcoin.
don't turn all your money is very risky invest all your money.
don't turn all your money is very risky invest all your money.
Yes i think its better to be prepare on what will happens in the future probably no one knows about it maybe you can put some of your money in some coins that the good option i was thinking
don't do that dude. we don't know what happen in the future of bitcoin.
don't turn all your money is very risky invest all your money.
don't turn all your money is very risky invest all your money.
Yes, I believe in bitcoin but I think it is not wise to turn or buy all your money for bitcoin. It is still better to have some money saved for time of emergency. Just have something for you in times of trouble. But if you will invest it for a long time for sure you will love the fruit of it. Therrme is a big income when you risk.
In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins.
You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!
'You need to diversify your investment' what does that imply ? To not only invest in bitcoins but also expand your horizons into the shitcoin market ? That could be riskier than anything else.Now if you study the graphs,you'd know statistically there is less risk involved when investing into bitcoins than any other coin.You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!
Yes, it's risky, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.
I could really stab myself 100 times before having to meet such personalities on biitcointalk lol Do you guys even have brains ? Even if you do,does your logical part even work ? Really man ,you should stop posting, As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes, it's risky, so that I recommend to divide your funds like 80% into bitcoin, and the rest as your backup funds, just in case.
As you said this funds just sits in the Bank and do nothing, so it's safe to put it into bitcoin, especially for long term.
It's better to keep your funds in bitcoin than put it in bank with all of their interest. I'm sure bitcoin price will reach at least $8000 in the next year, so your funds will be doubled within a year.
In this case Bitcoin is a speculation which means it is super risky to turn all of your money to Bitcoins.
You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!
You need to diversify your investment, speculation should be the least of your investment if you are a sane person. But if you are a risk taker then I won't be shocked if you have more speculation investment than a safe investment.
Any investment comes with a risk, remember that!
I think I would be very risky to turn all your money to bit coin because investing always have a risk... I think it will also depend on how you will use your bit coin. And also the price of bit coin is not constant there will be days that you can exchange it to higher values and there will be days that it has lower value...
Precisely bitcoin has its own range of rising and falling value but the risk it has is minimal. Maybe not necessarily you will put all your money instead you make it a half. A half means the rest of your money will be invested in bitcoin while the other half would be for your personal expenses. For this reason,you won't feel difficult or having risk of your money but you are favoring both sides just to protect your money in case of some irregularities that you badly need to cash out your money. Therefore,that would be a better way to think wise for your money.
It depends what you define as being risky.
If you believe in the long term value of Bitcoin and are not concerned with it's fluctuation in price relative to your local fiat currency then there is very little that could go wrong.
If you believe in the long term value of Bitcoin and are not concerned with it's fluctuation in price relative to your local fiat currency then there is very little that could go wrong.
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