Investing all my savings!

[Robertqueen2]

I don't agree with investing all your saving in cryptocurrencies, the bad thing which affects bitcoin will affect all other cryptos. We all trust bitcoin, but it has a lot of haters (banks, governments...), thus we don't know what the future hide.

[1715150692]

1715150692

[reflector]

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be  withdraw it. So that we are in loss. In my research good coin for longterm investment  is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

Go for the multiple coins would be good for the altcoins investment but if see with the comparison with bitcoin and altcoins you need thing that which coin is best in the market and value would increase future all that time.
In such cases, bitcoin is every time best investment option so you can invest all your money only in bitcoin itself.

[Oceat]

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be  withdraw it. So that we are in loss. In my research good coin for longterm investment  is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

It should be like this.

50% - BTC investments
30% - Savings
20% - Emergency

I think the 'savings' and 'emergency' is just the same because somehow when you have a savings you can easily use it in times when there's an emergency. How about it if we change that 'emergency' into their daily basic needs. I know there were times that we are out of budget in food because we do eat a lot and you'll never know when will you gonna use it. It's better safe than sorry, once you've run out of money. Where would you run to? Especially if you are living alone you might wanna save some extra grand for your safety.

[Koadharber]

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be  withdraw it. So that we are in loss. In my research good coin for longterm investment  is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

It should be like this.

50% - BTC investments
30% - Savings
20% - Emergency

I think the 'savings' and 'emergency' is just the same because somehow when you have a savings you can easily use it in times when there's an emergency. How about it if we change that 'emergency' into their daily basic needs. I know there were times that we are out of budget in food because we do eat a lot and you'll never know when will you gonna use it. It's better safe than sorry, once you've run out of money. Where would you run to? Especially if you are living alone you might wanna save some extra grand for your safety.

Even on 50% partitioning on BTC investment would really be still risky just like what others saying here.Always prioritize first the things that are essential on our daily living and as you said it better to save up than sorry later on when somethings happen unexpectedly.We cant be sure if theres someone would able to help up when it comes on financial matter.Its always being suggested to play safe and only risk the amounts on bitcoin investment on small percentage.Dont trust too much.

[xCryptoManiaX]

Dude, don't. Better go in like 50%, you neve know when you'll need money.

[JayJuanGee]

A lot of advice, but i'm still not understand why people trust own money to bitcoin. Just invest in real product, hi-tech.

If you do not recognize the distinction of bitcoin, as compared with other kinds of investments, then you are missing some information that is vital. 

In essence, bitcoin is distinct from other kind of investments (such as tech) because it is decentralized and thus can serve as a hedge against other kinds of investments.

Certainly, I agree with your point about not investing everything into bitcoin.. maybe up to 10% is o.k. but more than that can be very risky - even though some people may be willing to invest up to 50% and to fill o.k.

When I first got into bitcoin in 2013, my goal was to invest up to 10% of my quasi-liquid investment money within my first year; however, since prices went down so much during 2014, I ended up investing around 13%, and then when price went up in 2016 and 2017, my allocation of bitcoin has become more than 50%, through price appreciation.. amazing performance... but past performance does not indicate future performance, so whatever strategy is employed should attempt to account for present circumstances and account for a person's timeline, finances, view of risk, cashflow and other pertinent particulars.

[ployfit]

Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.

I am investing the money at the next dip.
Please post your opinion guys.

Edit: I should mention that this is for a longtherm hold, about 5-10 years

Sorry for my bad english, but I am better reading it than writing it.. :p

It might not be a right decission to invest all of them into only 3 coins. Bitcoin is major one, but you need to invest in nice projects too.

[Itjoker]

It is better to invest some of part of your savings into several coins. For example partially to Bitcoin, etherium and DASH or NEM.

[mast3rm1nd]

never put all your eggs in one basket. never trade what you can't afford to loose. and holding to me is just a very long trade. so it's a bad idea mate; anything above 20% is a bad idea.

[Enzo05]

Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.

I am investing the money at the next dip.
Please post your opinion guys.

Edit: I should mention that this is for a longtherm hold, about 5-10 years

Sorry for my bad english, but I am better reading it than writing it.. :p

Well its good to invest but dont put all of your savings there ...   

[ArnoldChippy]

I don't agree with investing all your saving in cryptocurrencies, the bad thing which affects bitcoin will affect all other cryptos. We all trust bitcoin, but it has a lot of haters (banks, governments...), thus we don't know what the future hide.

It will depend upon the expertise you gained on investment and trading because there are a lot of complications I mean fluctuations in prices etc so I recommend that some portion of your capital may be invested while some may be kept in your pocket. Because some time we can feel the intense need of money, and therefore it is much more important to have some good money in hand.

[Twinscoin2017]

Never put eggs in one basket

well i think we can never put egg in one basket if we are not really sure that it will work.i think investing all your savings is really risky in terms of making profit .i believe that it is really dont have an assurance that we  can gain because btc is really un predictable.

[garytheasshole]

Never put eggs in one basket

Don't put them in a basket at all, eat them right away. Then you have nothing to lose.

[Blitzboy]

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be  withdraw it. So that we are in loss. In my research good coin for longterm investment  is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

There is no point saving your money unless you do not want to be rich. Money which we are saving can be considered as death money because it is slowly damaged by the inflation. Investing is always the best. I believe that we should spend 50% of our money to invest in the cryptocurrency and the rest will be for real estate

[josefelix]

They are the all good coin to invest. Bitcoin as the greatest community group, ethereum  is the second for capitalizations, litecoin could grow a lot the next years in price. I would like to suggest you also to invest some in a new project like Pivx or Utrust or Eidoo too

[Casdinyard]

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be  withdraw it. So that we are in loss. In my research good coin for longterm investment  is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

There is no point saving your money unless you do not want to be rich. Money which we are saving can be considered as death money because it is slowly damaged by the inflation. Investing is always the best. I believe that we should spend 50% of our money to invest in the cryptocurrency and the rest will be for real estate

Yeah I agree that saving a lot of money could affect the money circulation in the community that's why banks are not tolerating this king of "hoarding ". And we should not invest all our money in just one thing. Instead good diversion of it is a must, as it can help you to have a fast return of income.

[Rahar02]

If you have faith in bitcoin, ethereum and litecoin, go ahead.
5-10 years is a long time and the price of these cryptocurrencies should increase over time.
But, how if there's something happen to you or your family which require funds to cover it?
As long as you can handle any problem, it's fine. But, the best thing regarding investing in cryptocurrency is; you can withdraw/convert it into fiat currency at any time, no need to worry about your investment.

[Nerman]

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

[mrcash02]

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

I agree, an emergency fund in fiat is needed. We never know when we will need money from our savings for something important in our lifes, especially when we talk about health and as Crypto-Currency is unpredictable, you can have some losses on the middle of way when investing in Bitcoins, Litecoin, Ethereum, if a depreciation in price happens and you need money for any reason at same time, you will have to cashout some money to cover your expenses and on this case, you will have financial losses... Anyway, his configuration investment between Bitcoin and AltCoins are good in my opinion.

[tmawheba]

The very big question investing all the saving in cryptocurrencies, the answer is no from my side at the end investors has to take decision want to invest or not we can just guide them only. Bitcoin is progressing very well there is no doubt but others I have no idea so just keep your part investment as backup and once you reached the targeted amount don't hesitate to book your profit which is must.