Bitcoin Forum

 Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

It is a good decision by the way just wait XRP price will go to the moon.

Yeah, it is a good idea. At least you will earn from the money you have stored. The money you have stored in your wallet will increase through time.

if you store all of your salary into XRP and leave nothing for your real life is a bad choice.
you need to spare some of it for your needs,
if you do that,everything should be ok.
because XRP has a potential for a year time or months,but for a short time.
it does not

I don't think it is a bad idea for you to save your salary in crytocurrency. However, you have to research properly the particular crypto to use to ensure that you do not loose at last. another important thing is that you choose a good wallet to also make sure that your sweat and blood does not grow wings and fly away.

It is a good idea to save a portion of your salary in crypto. But remember to diversify your portfolio, investing in one coin alone carry more risk.

I think it is a good idea. Although i suppose you may need to convert your money from one cryptocurrency to another during the year :)

Did you mean some of your salaries? Don't put all of it in the only ripple.

I don't think its a good decision. First: its your only income (as far as I can see) you need to put in stabilized place. You can cut some portion and invest into crypto anytime but NOT all.

Becarefull with it, it maybe safe but have a risk. you maybe want to gain some profit from it but there still a chance where to coin price drop and you'll lose your money. If you still want to do it please chose several coin the chance of losing money will decrease because its almost possible to all coin droping price in same time.

Thats the worst decision you will ever made,you can try other alts but not XRP it is controlled by the bankers,this coin will destroy our cryptocommunity.

You should at least diversify with the other top currencies (BTC,ETH,LTC,XMR,XLM). Having cryptocurrencies is already a risk, with only one is even riskier

Yes it is a good decision since it a kind of investment but make sure that you do not put all your money in one altcoin or either your money needed for daily needs because cryptocurrency is too volatile, it may triple your money the next day and it can be gone the next week.

I hope you know cryptocurrency itself is a risk..and I don't think storing all your salary in one coin if at all is the best, diversify and keep part of your salary for daily use. U can keep the rest for long term holding.

OMG. Are you serious? Of course, crypto develops but you put all your money in one basket. And there is already a bubble in crypto. What will you do when the market faces correction?

If the whole salary, there is nothing more stupid than seen. At some point you can lose all means. Then what are you doing?

it all depends on your choice, because there is a positive side and the negative side of keeping your salary in crypto currency, the positive side of keeping your salary in crypto currency there is the possibility of your money will increase and growth, because we know crypto currency is very volatile the price is changing fast, because the price changes have an impact for your money, which is stored in crypto currency, and the negative side you can lose your money, because crypto is a place for your money to decline, I personally do not want to take risks like that, you better save it for emergency needs and the other you save it in crypto currency

I think diversification is key. Diversify within different asset classes such as equities, bonds, crypto; and diversify within cryptocurrencies itself. In that way, you will be able to reduce the volatility of your investment portfolio.

You should invest only you can afford to lose, so if you will not be sad if you lose all your investment then it is okay to invest all your salary in crypto.

don't put all ypour salary into the crypto wallet, put a half of it or just the part of the salary that you can allow you to loose. and go trading, that may make you richer nevertheless you may loose all this funds

Absolutely not.

Because:

- It's generally not wise to buy a crypto which is bullish right now, or has been bullish for a while.
- You must not put all your money on a single entity (yeah, egg and basket and all that).  :)
- You must not invest any money which you can not lose on the market. So, invest only the money that doesn't kill you if it's gone!  ;D

This is a very very bad idea. You are putting all your eggs into one basket. Do not just focus on the upside but also consider the downside should XRP become worthless.

The recent euphoria behind XRP may be misplaced because the banks are making use of RippleNet and XRP only plays a very small part in the transaction fees if it is not utilised as the token of exchange.

how much do you allocate your salary?
Why did you choose XRP?

First of all, I want you to answer my question first. Because I think your idea is not so promising more profit. Maybe it's better if you set aside your salary in savings, then when the price is down, that's the right time to convert your money into cryptocurrency. If every week or month you always make conversions using your salary, that means you do not care about price fluctuations. Because you always buy, even at a peak price.

"Do not invest in something you can't afford to lose". The very basic to remember when investing in cryptocurrency. If you are planning to invest your salary in crypto, you should diversify. do not invest all of it in a single altcoin. At least leave some for your daily expenses. For example, 50% for your daily expenses, then 50% for crypto investment, then diversify that 50% on different altcoins, do not stick to one.

Do you just decided to store it or what really happened, on reading your subject I just couldn't figure out why you are thinking of this. To me if you have other source of income apart from this you can but if not please don't do it.

Yep, it is a very good idea to invest in cryptocurrencies but try to diversify your investment and don't invest what you can't afford to lose. If you invest your salary in cryptocurrencies then you don't need money in real life right? So it should be safe

I think it is a bad decision. Firstly because you are putting all your fiat earnings in crypto, which is not a good thing as fiat is still more stable than cryptos. Secondly, you are only investing in XRP. You should diversify your portfolio and certainly include Bitcoins, ETH and some other coins and tokens.

Buying at set time intervals without regard for price is actually a sound investment strategy called dollar cost averaging.

https://www.cryptoinfomag.com/2018/01/06/taking-the-emotion-out-of-investing/

Will it be in USD?

There is not much risk in it, when the security features were enabled to make it more secure. Storing the salary in the crypto wallet is good, because for what we hold the user gets added profit with respect to time. The same earning can't be got, if we keep hold of the salary in the form of fiat.

Storing some of your salary in your cryptowallets is a good idea but storing all of your salary is a bad idea. I think that it is better for you to budget your salary so you will not lose anything. You still need to have money in your pocket and your piggy bank for emergencies. It is good that you invest to a certain coin if it will give you more earnings but think for your daily living. You need money for your daily life. Your life is daily not yearly so you really need to budget your money. Don't put all of your salary to cryptowallets, put some in your pocket and your piggy bank.

I suggest you invest in some ICO instead of putting money in XRP. I think if you choose an ICO project investment every month, you will be rich next year

Worst coin you will ever have,bankers are controlling its price it can go down to less than a dollar if they wanted too.

Well i think it is a good thing for you. Ripple or should I say XRP has a great future within this year. It will grow due to business partnerships that it engages on, nothing is impossible to happen and it might achieve your goal in no time.

Convert your whole salary is probably the worst option. You should always keep a backup of like real paper currency and who knows you might need it for emergency. Also cryptos are not something you can trust ! Who knows , the coin you invested your whole salary just died suddenly ! Buying trusted coins with it is suggested but not converting your whole salary.

If the money you invest is free, then this is a good idea, the main thing is that this was not the last money you need for life

Put what you can afford to lose, so for example
Salary - living costs - entertainment/holidays - other expenses = your monthly crypto invesement.
And I would suggest to chose 2-3 crypto currency which you will invest each months, don't forget to research before investing.

Well done, a good choice, but a ripple is unlikely to reach $ 100 with such a volume of coins. Leave some money for life, but how to live that?

Well its a good idea and you have chosen a altcoin like ripple which is growing day by day and in future it is expected to grow to $100 for sure but I would request you to play it with safer side or with a caution because you are planning to invest all your salary into this coin, but I will suggest you invest only half of your salary into this coin and remaining half of your salaary you either invest in other coin or put safely in your bank account because I dont you to put all your eggs in the same basket.

I think this is a cool decision) You make a kind of contribution to which every month there is a payment, the only thing if the ripple is constantly growing and the amount on the purse is dripping all the same would  better to buy this some amount right away. And yes - diversification of risks!) It is better if you buy a few coins.

Very good way to invest your earn money. Not letting it sit with dust and have a chance to earn profit from it.

it's the same as giving your salary to the bank at a percentage, but you can withdraw it at any time

Hi. I think it's safe to put every month a part of your salary in crypto. Also put a small portion on the bank in case shit hits the roof. So what i do is the part i would deposit to my savings i take put 65% in crypto and about 35% in the bank. Also make sure you alwayse have a plan B!! Dont fully trust 100% on crypto. Gotta have backup fiat!

You know better that it's a good decision or Bad.I guess if you doesn't want your salary in present you should invest it.by investing they will increase their cost instead of stand at one point or getting down  ::)

Well, in any case, it's better than keeping extra money under the pillow. Although if the money does not work it makes no sense. Try to invest in a promising currency and increase your savings.

Never. Cryptocurrency is very volatile and it is very risky to put all your money into cryptocurrency.
The golden rule: Invest what you can lose. Invest some money, learn the game, then this will come a second source of income for you.

Not a wise decisions to put all your salary into crypto wallet. Yes it is very volatile also always think of to be safe your money in other investment. It is also good to invest in different worth return of profit.

Yeah you sure are in the right direction but never put all your eggs in one basket.  I suggest you invest in other top alt coins

You are doing right thing presently it will grow for future and later it might reach $50 to $100. Good luck for your investments.

I don't think it's a good decision because the cryptocurrency market is now saturated, so it's likely to fall.

it's good because you'll somehow earn from it. however, you have to take extra good care of your wallet because there is possibility of it to be hacked and your money will go down the drain.

I will advice that if you are converting your fiat salary in to cryptocurrency, make sure you put your fund in bitcoin and ethereum! Ripple is not a normal cryptocurrency in a sense. Investor could be played out by centralized system of ripple and the scheme could crash!

I would save keep some cash in case of rainy days dude. dont put all your eggs in a basket.

This - very sound advice. :) And dont "invest" money you can't loose. :)

I think that all my salary to be stored in one cell is too dangerous. It is necessary first of all to allocate some part for own needs, and the rest to distribute in different baskets

I think its good as mostly the cryptocurrencies grow well overtime but just holding xrp can be risking, i would suggest you to diversify in btc, ltc, eth atleast.

congratulations you just lost more than half of your salary because the coin you chose (ripple) got dumped hard ever since you started this topic and the drop was big as it always is.

if you ever had the time, check out the history of the coin you want to invest in and you will see there that the price movement is not healthy at all. it is a clear example of pure pump and dump.

I think not of all your sallary will put on a crypto wallets.We can predict if youre money will be succesful or not because value can be pump or dump

that's so bad for the op.
even though he is not investing in XRP, i believe he should not go all-in to crypto with his salary (assuming it is the only source of living for him).

Well if you did your research or study about that coins before placing all your money in crypto wallet and you think that coin is worth it then it is a good decision because you know you will earn a huge profit from that. But if you just chose it without any knowledge about it then it is a bad decision. Placing your money in an investment is very risky so you just invest the amount that you can afford to lose and leave a portion for your needs.

Not all of your salary, put in crypto curremncy only that sum of money that you can allow yourself to loose. Don't turn crypto currency into financial pyramid and never do something like selling a car or a flat to buy Bitcoin. That's nuts.

never use money that you can not afford to lose to invest
actually that is an old advise that I hear a lot from this forum
salary must use to what it must to do
if your basic need already well funded, than use the rest to invest

that is my opinion

That's very risky. Good or bad, i don't know. It could be bad for you if you need the money and XRP price decreased, but also good if XRP price increased. Everyone is responsible of his action. It is gambling...

Please don't do that , crypto is high risk invesment , just invest your extra money in crypto , But you think it'll hit 1XRP = $100 in the future , are you seriously ?

It is very good idea to keep your salary into growing crypto currency. But Crypto is very good for investment as highly growing asset. Daily needs can not be fullfill with Crypto similar as fiat currency.

Did you ask for financial advice?  You will still do it regarding anyone said here according to your bias.

Well, honestly that's a quite risky but still a great idea. Holding your salary would be an effective idea for you'll get a high profit from it. However, you must still keep some cash for you to be able to survive until your next salary. Be sure to keep something for your daily expences.

If you think your money you saved will increase through the time yes its a good decision but if your money stay and not increasing its the time to change your decision. or invest it in other currency

your sallary into XRP
this post made in jan,6
so i think your sallary should be down in current rate

just use free money, i hope you dont have problem with holding your moeny until the price bounce back

not all your salary as many others have mentioned, but maybe like 10-30% should be fine because you will need money daily as well. xrp is a good choice but maybe not smart to only put it into it by itself. should spread atleast 2-5% in some others as well in case xrp does not reach that goal.

for me it sounds great. I also want to keep my salary in crypto wallets. In a few years I will become rich

The idea of accumulations in the form of kriptavalyut is good. But the portfolio is better to diversify. For example between Bitcoin, ETH and other alternative currencies. One third of the share.

It all boils down to the question: are you prepared to lose it all?
If you don't need it, and you are willing to lose it (worst case scenario), then jump right in (after you do some research of course...)

Eventhough xrp or any coin has a great future,, doing such investments in only one particular cryptocurrency is a bad idea.. We should not depend our future on just one but a divided great project with small capital and also have the same or better instance to progress like TIO and LOC.. I can’t advice more about your hard earned salary,, on how you must spent it but do it right or regret in the end..

You can not keep all your money in one place (it's a crypto currency). In terms of hedging financial risks, this is unacceptable.

I think that you did not understand the essence of the matter. We are talking about savings in the form of a crypto currency. Not necessarily it should be in one purse. In my opinion - the author's decision is correct. Surely the forum thinks so most of the participants

Only invest what you can afford to lose. Yours would be a very smart move if you put a portion of your salary into your cryptocurrency wallet not all of them. But I'd suggest you to add different coins to your portfolio and a big percentages of these should be Bitcoin. Bitcoin is proven and the future of it makes it reliable whereas others altcoins like xrp could be worth a good amount in a couple of years.

Be ready to lose everything or be really rich, but honestly you should just use money that won't make a difference in your life.

This is a reflection of advantages and disadvantages, because it is possible when you need money, the price will be low. What will you do? , But in the long run it can be useful

I like to know how you survive when you put all your monthly salary on xrp only. Firstly investing only on xrp is not a wise investment, you maybe lucky anyway. Secondly how do you survive when you invest all salary on cryptocurrency, or maybe you are not yet a family person. My advice is that you need to hodl some fiat for contigency reasons. Remember this crypto world is still too very young, anything can happen. As for me, I pay myself monthly salary from my investment in crypto to create another physical investment( business). That is the way I moved.

Your decision is very controversial. If everything collapses, your work at work will be depreciated, I think you are very upset

Perhaps XRP will actually rise to $ 100. Then you will become a millionaire (probably). But while it is hard to believe. I think it will grow, and it will cost around $ 30 by the end of 2018.

Bad decision. Aside from the volatility of cryptocurrencies, I have heard many stories of people's wallets getting hacked. If you're planning on doing that, then at least get a hardware wallet, and change your eth address and password every so often to help prevent you getting hacked.

Yes, it is a good idea,you can make a profit for long term

Bad decision to put your salary into XRP,theres a lot of better alts than this centralized XRP,try to search NEO,ADA,and ETHEREUM these are the most solid coins in the market,just put it in hardwallets to your holdings are secured.

Being a business minded is a good virtue because people like would probably be a successful because aside from being business minded you show also that you are a risk taker. at your young age you also imply and learn financial management you should divide your income according to needs because you should also set aside some of your salary to your daily needs, it is a good idea to invest to a currency because crypto currency has a good future but you should also left some for bad eventuality that may arise because this is always risk involved.

it can be useful if you are investing or put your salary in the correct form just like major crypto but the risk can't be avoided. Sometimes you will see your amount will drop drastically causd by big bearish of crypto. That's why if you are wanna storing your salary in the crypto should be considered as big risk decision. It's bad.

If you can pay your rent with cryptos and your bills and generally your living, I think it is an excellent idea.
If not, there is a problem, because you have to make many transactions fiat to cryptos and vice versa.
I think that the best option would be to invest a small percentage of your salary to cryptos and wait until the day everyone is going to use cryptos.
I am not sure if this day is near, but I am very optimistic.

That is a good idea but make sure you have enough to finance your daily needs. You really don't have to put it all.in, you have to leave some coz you might need fiat to buy some necessities. In crypto, we don't always get our gains the minute we want to. Sometimes it takes a little more time and sometimes none at all. So what you put in must be something you are willing to lose.

Ripple is a good coin but all crypto currency are volatility in nature which mean you can either gain or loose. If I were you I will split the money into 4 invest one in XRP, one in ETH, BCH and keep the rest because the act of plunge is not good when investing into crypto.

I have thought the same too before. However, when you do it you should also consider the risky side of it. Meaning, the value of the specific crypto you want to put your money to is not that really big and it can depreciate the value of your money. However, it could be also a good way to make a valuable asset to earn over time. To be safer on it, do not put all your salary in your crypto wallet.

It is good decision to store your salary in crytpo wallet but I dont think is to be all of your salary. Only part of your salary which is meant for savings should be on a crypto wallet and the rest for unforseen event and daily transactions be kept as fiat.

Absolutely.Ripple is a centralized coin controlled by the bankers.So,its not trustworthy.Instead,you could try bitcoin or any other potential altcoin.

But instead of saving your whole salary,you could save to 60% in crypto coins.Such a decision could be taken only by those people who know the potential of bitcoin.

Wisely, you think, well if you have preserved money for your future. But you should think carefully about what you will do because of the risks involved. You should know that you will buy altcoins and you know every news about it. Before you invest in you learn about the things you should avoid. For your entry into this field you will know what to do

I think you are too obsessed into crypto if you put all your salary every month to crtypto. Especially if you have a family then you are a bad husband or parent, because you do not think of your family. The thing you should do is divide your salary for crypto and family finances. That way you have an asset in crypto and no need to fear financial problems in your family.

Saving your salary in kriptocurrency like bitcoin or other is very good because with you save there you can get profit when the price goes up and you are not charged admin fee every month, so you have to save your money like that in order to get a lot of profit Currently you save it in ripple is great because it has excellent developers and teams that fit their technology development plan.

BAD DECISION ANY GIVEN POINT OF TIME. Any investment with this risk potential as crypto should have only throw away cash as investment

save a little or maybe half of your salary to xrp

No, ripple won't get to 100 as the marketcap will be insanely huge, please learn some basic first before investing so you understand what is possible to happen and what's not. Investing some of your salary into crypto is fine but please at least do some research before buying something so you won't be angry if you lose it.

I think it's not a good idea at all. Investment in wallet should not affect your daily lifestyle at least.

If you are doing this then you need to be careful, it might be a safe option but it's a risk. You may want to make some profit from it but there is a chance the price of the coin will drop if this happens then you'll lose your money.

But you can choise several altcoins and the chance of losing your money will be minimal because its almost impossible for all coins prices to drop at the same time.

The decision is pretty good while you save xrp or another coin when you are salary, I hope the same $100 is a great very difficult to achieve that value. But in crypto the hard things become possible even be easy, maybe 100$ will passed.

I think that's a risky idea for you to making. Risking your properties or all of your salary in an investment is not quite a good idea to make because you might face some consequences. Just put enough of your money in it and always leave and enough part for your daily expenses. What if the investment fails? I bet you'll regret it if you'll lose your whole salary. Be sure to make wise decisions.

I think that is a little risky. It could be a better idea to divide it to couple. Keeping all of them in one place is risky no matter what. I don't know what is amount of money your are talking but still it would be better to split it 2 or 3.

The risk associated with it is very big, because just think about the present price along with the price a month ago. The difference is much big and if one has kept his entire salary in crypto wallet, he'd have ended up with a big loss which might have affected his living. Better is to have a diversified plan to get rid of loss happening as a whole.

investment in alt-coin is great even if only by saving it in the coin wallet but if saving all our salary would be very risky if alt-coin that we save does not match our expectations

It's not a smart thing for anyone to do if they are working a full or part time job for real money. That money is better spent elsewhere.

It's not safe. There is always risk considering crypto market volatility. Wallet security another will be also crucial. Imo, 100$ for XRP is unlikely. It would take a long time to reach such price.

As for me this is not a good decision. Ripple is volatile (oh, sure here I am talking about its XPR coin), and you can lose some money. Now the market is unstable, and altcoins lose their positions. Yes, it is a temporary phenomenon, but it can affect your income if you do what you plan.

All your Salary to XRP!!!
It's really dangerous to do!, only invest in Cryptocurrency what you can lose it,
the best choice to distribute your money among several coins then you will have a big probability that one of your portfolio will pump up and you will win!

It is a bad idea if you put your salary in a centralize coin. You need to have an emergency fund first before you invest. That is why you always read the advice "Invest what you can afford to lose". Putting all your portfolio in one coin is a bad idea unless it is bitcoin. As the saying says "Don't put all your eggs in one basket.

I don't think XRP is a good choice, because price was pumped hard. You can choose other Alt in top 10, or find a good crypto in top 30  ;D

This is a good decision. I think it is more valuable and profitable than putting your money into a bank. Of course you can also put some of them in a bank or diversify your investment to avoid risks.

this is a good idea,since xrp now has low price that easily to capitalized,the only problem that i see is,what about your daily need?who will feed you?what about your family dont you have a obligation to them?i try to figure out things before making a decision so no one would be in trouble,or much better make if halfway,out half of your salary and the other half will be your budget,what about that?

in every investment you should be prepared with the risks you can face at any time. there are many options you can do in investing in altcoin, a good altcoin to invest long term I think is just eth, or you can look for other options. most importantly you always try to do the analysis first.

I don't think it's a good idea to store all of your savings in a crypto wallet. The best way for you do it is diversify them. I don't know how much salary you've got there, but here's what I do in case I received it.

50% - Basic household needs (bills, food, etc.)
10% - I donate it to the church
10% - I save it to a bank
20% - I put it to a crypto wallet or trading or investing in an ICO
5% - Give back to the family
5% - Personal needs

This is just my own, and I know we all have different ways to diversify our funds. However, I can't be the one to decide for you. It's up to you if you want to take this advice or not, nobody's gonna stop you anyway.

I think it's a good decision.
Because 2018 is still a bull market in cryptocurrency markets, I think investing in crypto-currencies will still make a decent profit, which will give you more money to get your hands on. ;D

The whole salary? I think a bad idea, risky. What do you satisfy your everyday needs? I would distribute the investment for several coins in your place.

not bad, I think it's a good idea. you will earn a lot of profits if in case the ripple really goes up to the moon up to $ 100. that's what you're investing for, better than you spend your salary on unimportant things.

Much better than just putting your savings in the bank though I suggest you still save a portion of your salary for emergency purposes. Cryptocurrency wallets are much more accessible than banks and do not have a lot of requirements to manage or change plus you can also use it directly anytime you need in the net which also gains profit as you hold though not certain it investment is still much better than just saving money.

It is a good idea. If you stored some earnings for your needs and not invested all of your salary in that investment, then it would be a really good decision. Investing in crypto is a smart move. Well you did your research and picked the alt that you think that will pump. Congratulations for making a really smart decision.

I think it's a good idea to start investing in crypto, but if you invest all your paychecks regardless of your needs, I think that's a bad idea, because I think its growth is a bit long enough so you will not be able to make a profit in just 1 or 2 months.
but as long as you're okay after investing it I do not think it's a problem.

if you keep all your salary on the crypto wallet it is bad. you should menyimpan some of your money outside the purse crypto because cryptocurrency is very difficult in the prediction, you can lose or gain profit quickly.