Bitcoin Forum

Hi,

Anyone is doing this? Basically if I am not wrong BTC, ETH and maybe a few others seem pretty safe. Money in the bank gets nothing in return.

Is there any drawback/risks from keeping one's savings in these top cryptos for the long term? I don't see how they could all crash rather than bring you significant returns, compared to keeping the money in the bank, watching it stay the same year after year?

Maybe these cryptos go down a lot, but in the long term they are always going up.

Is this a smart thing to do?


Thanks in advance.

Yes, In this case your money is more safe if you invest in Bitcoin, Ethereum, Litecoin, Dash, Monero and Ripple. Coins with lower market caps can be easily manipulated by whales and investing in them is like a gamble.

Well, I think there are always risks, for example, I keep 80% of my savings in a cryptocurrency, but it is very risky and it's better not to do so.

You'll hear this all the time, but don't invest what you cannot afford to lose.

Whilst everything is good, it's easy to think that there is no risks in keeping money in the popular coins. Unlike a bank though, there is no protection and if something were to happen to make the market plummet you will lose a lot of your money.

^^^^ What this guy said. Dont invest what your not willing to lose. These currencies are still VERY young and suffer from crazy volatility.

There is too much volatile on the market, you can not just put all your life savings in here because you dont know what is going to happen.
Maybe another crazy guy wants to do a new revolution just like it happened with bitcoin cash on the last few days, and maybe he can make it done, and replace bitcoin, and if you are not smart, you are going to lose all your money in a few hours.
It is so risky, this is the main reason of why i would not put all my life savings in here. Investing in bitcoin is just another source.

I believe yes specially those belong on top 10 it is more secure because you can see that it is not a scam and some/many invested those coins.

It's smart thing, as you can see the marketcapitalization of the cryptocurrency goes even more. That means the more demand will come to the crypto to increase the price.
But it will be better to learn to get in at the bottom of the price. it will become a very good choice to invest your money or keeping it for the long term investment.
But remember there is another promising project just like eidoo to store your money. remember each eidoo even worth $1.8 and this time the price was $2.3

Yes, I would say that is the safest bet as those two coins are not going anywhere. No matter how much due diligence you do any of these new alt-coins could turn out to be scams, as many of them specialize in deceiving people. Even with the profits made from ICOs these past 6 months, keeping my earnings in BTC would have probably outperformed those ICOs.

I keep about 80-90% of my crypto in DASH and ETH.

However I am now trying to increase my BTC and BCH holdings just incas.e

Nothing wrong we do it because then we open the opportunity to be able to gain profit. the risk that we have is quite large because we could have a loss when the price of Cryptocurrencies decreased. I as a traders of course have to do the analysis and strategy in order to get the best results, I always see how the price of Bitcoin move because I know that when the price of Bitcoin moves then all prices Cryptocurrencies also change including Etherum. This is risky but when we do not dare to take risks then we can not open opportunities, any risk must exist in a business. the opportunity to take action to buy Bitcoin is a fantastic advantage !!! when we choose the right time to buy and sell Bitcoin then we can get tremendous profits, but when we make the wrong decision in determining the time to sell and buy then we could lose some investment / money we have. (just calm down because this will not eliminate all the money we have).

you don't see any drawback/risk in buying a practically useless coin at 6500$ per?

It is very risky, never invest all your savings.
You don't know what can happen in next few years, maybe bitcoin will drop to 1000$ and then you will lose your savings - or maybe it will jump to $50K and you will make money - no one can know that. Too risky if you ask me.

Yes but BTC has 160+ billion backing. This is not a joke money so I don't think it will go away. That's why I said it seems better than to keep in bank. Also it seems like there is a huge divide here among opinions.

Although Bitcoin price has reached such high amount. It is safer than any other coin in long-term. Demand is still high and the price is rising.

I would never keep all of my saving sin crypto, gotta have a balance of crypto and fiat. Crypto is just so volatile, you never know what it could do.

Try to have some research, and if your research seems good to put savings in btc and eth, just go on. And for me, putting savings in thier is good because right now. Prices are all rising

Yes, but why is the price so high? Does it make sense that it rockets in price while at the same time it becomes more and more unusable and more and more clear that no near-term solution to the problem exists? To me this seems like an exceptionally dangerous time to invest in BTC

its good to split savings
or keep it in $ at exchanges , and rebuy with this $ at dips

I'd say that at this point in time, it is generally safe to keep your money in crypto.

The potential for growth in the cryptocurrency industry is massive and almost everything is on a steady uptrend. Remember that it is easier to win in a market that is skewed upwards. By investing in "prime" cryptos such as BTC or ETH, you also reduce the risk of extremely volatile price movements which can also protect you in case the market crashes (you will have time to sell)  :)

You must remember a basic rule, the greater the rewards the greater the risks, if you have your money in your bank you are not going to get a lot of money in return, but if you invest most in bitcoin then your returns are going to be way bigger than anything a bank could give to you but the risk is that bitcoin also goes down in value and when that happens many people panic, so you could lose a significant amount of money.

Really, don't do this, you never know what may change in your future that could lead you to need urgent access to your savings, by all means invest a significant portion in cryptos but always leave yourself a buffer.

I think there are still some risks associated in keeping all your assets in bitcoin or cryptos. That is why I would limit my crypto investments within 30% of my money. I would put some on other investments like real estates and stocks. That way, I can limit my risk and if cryptos fail (hope not) I have other investments on my hand and I do not lose all my money.

I think things like this are not good enough to make a certainty that must be done, but if if this could harm the users btc / eth and so on. do you think this is a necessity not but because it has provisions given by a project then it must be done.

I wouldn't say that it is going to be a very smart move. Because from what I have noticed, whenever the exchange rates of Bitcoin goes down, the prices of the alts also crashes hard. And the price of Bitcoin can fluctuate by as much as 10% in a single day. If you can afford that sort of losses, then there is nothing wrong in keeping your wealth in crypto. If not, then please diversify your portfolio.

I think you are fine with saving bitcoin and ethereum, but why you dont think you should invest a small percentage of money into some altcoins like bch or dash and waves, these altcoins are rising so they can bring you many profit if you diverse your coins.

I want to do that too using a fraction of my prime cyptos, i.e. 10-20%.

I think the most safe crypto currency is bitcoin because the price is always up every year since 2016 so you do not have to worry, besides btc is not safe. cmiiw

Money in bank definitely would give you small percentage of profit. But its nice if you could invest also in cryptocurrency like btc, eth, waves and other altcoins. As btc moves is usual increasing in these investment will give totally a good profit.

Yes, it's the best strategy actually you can implement, and it makes sense. BTC especially has been in the market for about eight years, it has been through a lot and it has proven itself to be a risk worthy investment. The problem with many other coins (newer one's) is that you don't know whether they will survive in the long term, so even though you might have better returns investing in them, you are running a higher risk of not getting any return at all. That's why it makes sense to invest in BTC and ETH (I'd recommend you ETH over BTC). These coins are the most capitalized, which means most of the money in the blockchain sector is invested in BTC and ETH, and that means that people trust these coins enough to put their money in it, so you should consider doing the same.

I think it is not bad to put a lot in BTC and ETH. But you need to be sure that you don't need the money immediately. Because you could lose if you change the money when their value are low. And there is also a risk that if you need a lot of money, it may be difficult to change a lot of your crypto to fiat money.
But if you don't need this money, it is okay to put it in crypto coins.

Yes bitcoin and eth are a good choice and leading the cryptocurrencies. I dont think its a bad idea however think carefully before putting all your savings in crypto.

Yes it can be profitable for long term but are you aware of the risk? while its true that in the bank your money is freeze its not growing but for me its safer and i prefer to leave some of my money and invest 50% of it.

oh yes bright idea from you investing in any btc or altcoins surely you can get huge of benefits holding for long terms all kinds of coins because i believe every day month year have an increasing the value, but you need to monitor your coins because the being volitile currency manny hacker around there keep your coin in the safe wallet to avoid risk for your investment.

Currently it's not risky to keep them in btc or ETH but you never know what happens the next day . If some powerful person talks shit about Bitcoin then the prices of Bitcoin will fall down. And that might affect your savings. It's better to keep a part of your savings in the form of Cryotocurrencies as even if something happens you always have a backup

Putting all your hard earned money into cryptocurrecies  is not recommended.Its really risky as you never know when a crypto might crash but at the same time you could make a fortune out of it too.The risk is worth taking.If you have already made up your mind to invest all your savings into cryptocurrencies then all the best.But don't forget to do a deep research on which crypto you are going to invest in.

Btc and eth are the best option of investment. It is always risky when you invest that's why you should only put your extra money on it, not all of it. Because we never know what will happen, tho there's a low probability that btc and eth will crash instantly.

It sounds good but i will not put all eggs in same bag. Why not to split them ?
You can buy Gold or stocks to split your risks.

It is never smart to keep a lot of funds into a single coin. Always diversify to distribute and dilute the risk.

To keep their money in crypto currency it's a good idea, but into them do not need to store more than 30% of their funds in my opinion.

For me, moving most of your money into these top cryptos is a smart move. They already have history and backed by a good community and developers. They still have constant developments. But keep some of your funds in the bank (for ease of access anywhere with an atm) or at home as emergency funds.

Bitcoin and Etherium are among the safest bets in the crypto. Litecoin has also maintained its ground and is my 3rd choice among large cap crypto currencies which are least volatile. So if I were to place my money is most stable currencies in crypto, I would split it among btc, eth and ltc.

Simple answer is yes, if you want little risk, then btc, maybe eth is the way to go. btc especially has seen huge growth in the past two months. If you're up for high risk high reward investments, go for altcoins

If you are an avid investor then yes it would be wise to have a portion of your money in those coins.

If you aren't investing in Crypto that much then no.

I think its not advisable to invest majority of your savings in cryptos. Yes, there is no question that cryptocurrencies change the way we look at our financial   capability. Yes its also true that you  will profit more when you invest in cryptos than in banks. But you should always remember than these are  digital currencies,  and its  very  risky.  You will never know when the value will decrease, its very unstable. Maybe its value today  is very high, but it might decrease its value drastically overnight. I think its best if you invest 50%  of your savings in cryptos and 50% in banks.

This is common sense, we should only invest what we can afford to lose and no more than that, so it is important to keep a good amount of money in hand and not invested that way if something were to happen we will be able to cover those expenses without having to sell our investments, but if you can afford to invest in stocks and bonds do that as well since that reduces the risk of your portfolio.

Your savings will be safe only if you put it in stable coins like BTC ETH LTC ASH XMR other than shit coins will be a high risk,whales can easily manipulate the lower cap coins.

The smartest thing would be to diversify your investments. Owning many different coins isnt the right thinig to do because at the end of the day all your money is still in the same ''asset'' which are the cryptocurrencies.

But of course this depends on your age and investment profile. If youre not too risk averse, its ok to maintain a higher risk higher reward portfolio with most of your savings in crypto.

Atleast take some profit. Having it all in crypto is very irresponsible.

I also invest my money in bitcoin and eth because in long term i know i can earn with these coins. However i didnt go all in despite of its potential, for me its not wise to invest all your savings because every investment has risk.

Its better to save atleast 30% of your money in bank so if theres emergency situation you have money to turn on to, its hard to rely in your investment. Nevertheless the decision is yours its just a piece of advise.

Bitcoin and ethereum are the 2 safest coins to invest in the crypto market, so it makes sense that a big part of your portfolio should be in those 2. But id suggest setting aside 20 or so percent to invest in good and upcoming alts with promising futures.

Yes I guess, this is the right choice and can promising profits opportunities in terms of saving and waiting for profits that will definitely to gained in the long term. Btc and Eth have prices that tend to increase in the long run, and it's has been proven.. so far, from the previous months/years indeed is like that on its facts. Already many people to gain profits from Btc and Eth in investing.

Yes cryptocurrency will give you lots of gains in years to come but dont forgot that it can still be the other way around. Cryptocurrency or the blockchain technology is still very young and who knows maybe some technology will get these obsolete. What best to do is invest what you can afford to lose just like most people here says. If you dont want your money sitting in banks doing nothing. Try investing in other markets like stock markets or alike and not just in cryptocurrency.

Its depend upon you, if what you choice to save your money..
Btc and eth is good and safe, but when you start saving just becareful as always, and be wise.

yes, it is the right choice your money will be safe if you invest in bitcoin, etherium or litecoin. bitcoin is one of the safest ways to invest long-term because the price keeps rising.

In my opinion crypto is not “free money”, do you have stress when you have your savings stored in a bank? Do you keep looking at your bank account to see if it dropped 20%. You will not have peace of mind when you have all your savings in crypto. Only invest what you can afford to lose, and if that is a big chunk then that is ok. Think of it like this, from the moment you put money in crypto then theoretically you have lost everything. If you are ok with that then sure.

I think it is not desirable, because encryption monetary itself has enormous risks, although for now, the mainstream of the COINS are up, but there is no guarantee that the future will also drop, even to zero

Putting your money in a bank is not really investing since you are not going to get any returns on it, remember it is a mistake to let your money sleeping in a bank account you are losing money when you do that, invest that money in a business, or invest in some diversified portfolio of stocks or buy gold or whatever, just do something with that money.

It's risky imo, but who knows..if bitcoin went x 100 and crypto space in it's entirety went x20 then yeah...it would have been really smart.
But if not...

Yes it’s if the money nothing to do with your day to day life then it’s highly profitable to keep in crypto for long term .Based on my experience this money even nothing to do with critical emergency situation then you will get good profit.

well a long time ago i would have said no way that they have already had there run and you can make a lot more in other coins. But after the events of this week who knows maybe it is the smart thing to do. What if bitcoins rise doesn't stop and it reaches 20k usd in price soon. than all the people that sold theres and are waiting for bitcoin to dip before they buy back will all miss out.

Yes, it is. In a way this is the choice of those people, who do not like to risk and who choose the variant that will bring them any profit, even the smallest one.
Risky persons often trust minor cryptos and win a lot, but the risk to lose here is also big.  :o

I don't think someone should invest all of his/her money in cryptocurrencies as their is always a risk. The prices of the cryptocurrencies are not stable and they might fall. I think someone should invest about 25% of his savings or maybe a little bit more but never 100% of it. If might not get loss even if you invest all of your money in cryptocurrencies though but still you should be careful and don't invest if you don't want to lose any money.

as life showed, if I kept all my investments in bitcoin and eth, I would get a lot more profit than with altcoyins. now I'm sitting in the altcoys and wait until my balance is profitable

It is always wise to keep the investments in long term altcoins (BTC,ETH) .There are many other coins as well but it all depends on the market cap and their performances in the past. I still advise invest only what we can afford to loose , i would always invest 80% of the portfolio in major coins and rest of them in other altcoins based on the research and their market cap. Keep investing in good coins and reap profits.

In case you are not a risky person and prefer to get better a small amount of profit money without a fear to lose much, you should better keep ETH, DASH and Bitcoin. Trading with smaller coins might be more profitable, but it is risky.

I do not think !You can not just put all your life savings in here because you dont know what is going to happen.
If u put all your saving to cryptos, a little drop will make u very discomposure.
It is so risky, this is the main reason of why i would not put all my life savings in here.

Is it smart to put all your eggs in one basket? No not really.
Is it smart to keep all your savings in crypto? This is a question for the future, if you end up being a millionaire then this will end up to be a "smart" move.

Hi
Even though i do consider Bitcoin, Ethereum and many other altcoins as reliable, I do not think you should keep all your savings on just crypto whether Bitcoin, Ethereum or other altcoins for that matter, as it is always good to have some cash around in case you need it for whatever, or even gold. So yeah...a great percentage of savings in crypto is good but also real cash and gold.

Smart split seems to be needed at all times in order to make sure you have more chances to avoid any fail just in rare case that everything goes wrong, even in theory. Going or keeping "all in" every time with regard to anything can be risky.

Actually Yes, BTC and ETH are the only currencies that is safe to entrust all your incoming savings. This a smart move cause you are consistently aware of the outcomes of your savings time by time instead of investing big time all at once. But in my stance, I keep all my 70% savings to ETH and BTC and 30% to my USD wallet. Just to have a safety line to fiat and currency cause sometimes these cryptocurrencies are having some major breakdowns. But it is all up to our personal strategy. Hope we all make our plans and keepnour savings and investments safe. Goodluck!

Yes investing in prime coins are somewhat safe. But investing in New coins, ICO are like gamble.

In general the closer it is to the top in market cap, the less of a risk it is. But it is all a risk to some extent.
The biggest mistake I made early on was to go all-in on alts and not have any BTC. Thankfully I rectified that, and I now have a split that I'm happy with. But I would say always have a good percentage of your crypto in BTC.

I already keep my savings in bitcoin and ether but I think I'll sell part of it as I think that the price will drop a bit for everything but for now I'm in meditation :-\

man bitcoin is also being manipulated haha, but i guess it is a good one because it gives you so much value with its massive price pumps

Maybe this isn’t smart but it is wise to keep your investments in some most popular cryptocurrencies. ETH continue to grow, Bitcoin smashes $15000 barrier already. So this is wise decision to buy this coins.

The situation turned out that it has become really a very smart decision to keep all cryptos in Bitcoin and Ethereum. The market of cryptocurrency is shaking — the unpredictable situations happen, some exchanges are offline as they are overloaded.

Absolutely yes, I believe btc and eth are the best coins to hold, I do not like quick flipping in icos or pump or dump, if you think the same then just hold btc and eth.

For me that would be the smartest move. Keeping your money on Bitcoin and Ethereum. Putting my money in the bank is not that I can call an investment. In our country, the highest annual return in the banks is 0.25% and it is also taxable. So after a year, you get losses and your money is subject for inflation. It is the safest move if you will invest in cryptocurrency, put it in prime coins but if you want for faster results, I suggest try investing on other altcoins and ICOs. All you need are proper knowledge about it.

very smart if there is someone who stores btc and eth let alone in the long run. because eth and btc now has become one of the coins that have good price and bright potential in the future.

every market has its manipulations. there are no exceptions in the real world.
what matters is that how much a market is manipulated and how successful it is. i would say for bitcoin the success rate is small and it is shrinking as bitcoin grows bigger.
but for altcoins it is extreme because when someone simply has millions of some coin out of thin air (eg. premining it) that is not a fair market you can play with. you either have to stay away or go with the wave and dump before the whales do.

I keep all only what I can afford to lose. I accept the fact that I can lose it all. Keeping all in crypto is quite stressful

If you want to store coins within a wallet and you are hoping to make money on it then just put the money in Bitcoin.

I agree...bitcoin will not only save money but will also multiply them...especially now

If you are a risk taker then its your call. Personally I wont keep all my savings in crypto, I want to have a balance between having fiat and cryptocurrency because we never know what will happen in the future. Maybe im still skeptical about the fluctuating value and I don't to risk all my savings.

Banks will not give you high interest on deposits. Bitcoin and other altcoins can multiply your investments and multiply them by zero. As I understand from your message, you are ready for this. Just calculate the percentage of your income in real life, which you can invest in crypto-currencies. There is always a risk.

Yes, this is quite safe, but you missi the opportunity of some real 100X gain, which happens only with coins relatively unknown.

It depends on your plans a young person may decide to invest most of his earnings in bitcoin at first and as he becomes older he could begin to invest in safer alternatives, while I do not know how many people are doing this, this is in fact a very known tactic when investing, when you are young you need to invest in assets that give to you the biggest profits but when you get older you switch and invest in safer options.