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 to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.
I really agree to say that its is a very risky decision to put or invest all my money in bitcoins. Price of bitcoin is not stable yet and investing in bitcoin someone may get high profit and high loss.Anticipating this, we are recommended to invest our idle money only. If we have money deposited at bank in form of time deposit, just put some amount of it on due date to bitcoin investment and the rest still saved at bank. Doing this, investment risk can be minimized and we also can compare investment gain from time deposit at bank with bitcoin investment which one is better.