Investing all my savings!

[maydna]

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

i think you are only risk your money to invest in altcoin although we know that crypto currency can give us a big profit but its still to dangerous because we don't know what is happen later. i think you can invest $7500 in crypto currency, buy 1 bitcoin and use the rest money to buy ethereum and litecoin and use the rest of your money to other things that you might need. i am not recommending to invest all of your money and its better to only use half from the total of money.

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[teslabrik]

i think you are only risk your money to invest in altcoin although we know that crypto currency can give us a big profit but its still to dangerous because we don't know what is happen later. i think you can invest $7500 in crypto currency, buy 1 bitcoin and use the rest money to buy ethereum and litecoin and use the rest of your money to other things that you might need. i am not recommending to invest all of your money and its better to only use half from the total of money.
[/quote]

don't put all your eggs in the one basket

[QHoster.]

I would not recommend you to do that. You need to have certain amount of money  you are not going to lose and not going to invest.
Even Wiki article DOES NOT recommend to consider Bitcoin as subject of investment.

[karmakeddon]

Is this your first time investing in something or do you already have experience in investing in stocks and bonds? If you have no prior experience, what I would suggest is you do not go all in. Invest like maybe $5000 and see where it goes. Do not be reckless and just go all in just because a lot of people around you says that they are earning a lot from trading.

Do some research first and test the waters out. In a year or two, if you are making good profit, re invest. There will always be a wave that you can ride so do not rush in.

[vegethegreat]

Its very tough decision.  I would not recommend you to put all your savings in crypto as it has capability to wiped all your investments since no one can predict what will happen next. Thats the risk in trading

[btcdevil]

If i was in the OP side i wont do this because no one can guarantee that it will surely increase because anything can happen to any investment. So it is always good to invest only 50% of our income in cryptocurrency and balance invest in fiat currency savings scheme. So if any of the either goes wrong their is always another investment to save you.

[teslabrik]

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Re: Investing all my savings!
Today at 12:44:56 PM
Reply with quote  Edit message  Delete message  #42


i think you are only risk your money to invest in altcoin although we know that crypto currency can give us a big profit but its still to dangerous because we don't know what is happen later. i think you can invest $7500 in crypto currency, buy 1 bitcoin and use the rest money to buy ethereum and litecoin and use the rest of your money to other things that you might need. i am not recommending to invest all of your money and its better to only use half from the total of money.
[/quote]

don't put all your eggs in the one basket

buy bitcoin and have fun with altcoin]

[reliable]

Its very tough decision.  I would not recommend you to put all your savings in crypto as it has capability to wiped all your investments since no one can predict what will happen next. Thats the risk in trading

I will also agree to you and not recommend any one to put all their saving under one basket. Ideally depending upon the risk appetite and age factor and earnings accordingly you should be putting the money in their volatile cypto currency. We have seen how badly the rates fall and it can be a huge loss in such cases.

[Jorgis94]

Wow, Thanks for great response everybody!
I see some really good advices here that I will carry with me.

I definitely understand how a lot of you guys think that this is a very risky move, but its not like im going all inn with no safety net.
I should mention these things:

-I have very good insurance's on everything I own, so Im pretty well covered if something goes wrong.

-I make a decent amount of money in my daily job compared to my expenses (enough to actually save some every month..)

-im not laying all eggs in one basket. This is just the start of my portfolio, and I will continuously buy other coins and stocks with a small part of my future savings.

So all in all this is just a thing I feel like I have to to. I have been following the moves of the cryptomarkets for about a year now. And I have been waiting a long time to make my own portfolio and to get started with my first big investment (at least for me its big). But the most important thing is that this if this investment goes straight to hell, I will still survive... :p

But I would really like to hear some more inputs regarding the coins I wanna invest in, and the percentage in each coin. Do you agree this is the best way to invest the money? Or do you have any better ideas on how I should spend my money? Let me know guys

[Ctn]

Okay now that’s the first sign of how people get bankrupt!


Really you are going to put everything that you have into your savings account. What about your real life and urgent situations in the life. I think you should put only 70% of your savings into it because for a reason of uncertain crypto currency and their fate. You can then divide 70% into proper ratio to have free investment. Putting all the money doesn’t sound good according to me. The ideal investment would be long term and liquid. The liquid. ? Well you can put x amount each month or week into these coins to increase your chances of getting higher profits. This you won’t loose the savings too. ;-)

[shezu007]

every thing have his own idea but according to my opinion investing is better for future but not to invest your total money but invest some amount of your saving money in various places and save some money in your wallet for the future emergencies because no investment in the world have guaranteed to give you always profit.

[albert11]

Investing in trading is a serious matter. And if you do not know it and just enter it you will definitely lose money and it will affect you especially if you have all your savings in crypto. So if I ask you to study it first well. It is better that you only have half your savings on your trading capital. To find out how trading is

[Blamsud]

Investing in trading is a serious matter. And if you do not know it and just enter it you will definitely lose money and it will affect you especially if you have all your savings in crypto. So if I ask you to study it first well. It is better that you only have half your savings on your trading capital. To find out how trading is

That is true. For some people that get lucky on trading. They said that it was easy to earn. But if you are in the actual condition. You will experience so much lose if you are in bad luck. The good thing I learned about trading is by joining on different signal group reading some predictions from well known traders. It helps me a lot to choose the right coin and when to buy/sell.

[spngebob]

In my opinion you should buy bitcoins for 12500$.
Nobody can tell you what will happen in 5 or 10 years from now but if something is here to stay i think it is bitcoin. Ether could fail because of all smart contract scams running trough that platform, people could simple lose interest for ETH, and i don't see bright future for litecoin.

Okay now that’s the first sign of how people get bankrupt!

Really you are going to put everything that you have into your savings account. What about your real life and urgent situations in the life. I think you should put only 70% of your savings into it because for a reason of uncertain crypto currency and their fate. You can then divide 70% into proper ratio to have free investment. Putting all the money doesn’t sound good according to me. The ideal investment would be long term and liquid. The liquid. ? Well you can put x amount each month or week into these coins to increase your chances of getting higher profits. This you won’t loose the savings too. ;-)

OP want's to know where to invest all 12500$, not 70% of funds he has.

[xFiber]

Investing in trading is a serious matter. And if you do not know it and just enter it you will definitely lose money and it will affect you especially if you have all your savings in crypto. So if I ask you to study it first well. It is better that you only have half your savings on your trading capital. To find out how trading is

If had read the actually post you would know that OP isn't going to be actively trading their capital. They stated that they would buy in at the next dip and hold for at least 5-10 years. So we're talking about a rather long term trade.

I can't recommend putting all your savings into cryptocurrency die to obvious reasons but you've made a very good selection of coins to invest in (I also like the ratio's). So if you're very confident that it's going to be a good investment than why not do it.

[garytheasshole]

Investing in trading is a serious matter. And if you do not know it and just enter it you will definitely lose money and it will affect you especially if you have all your savings in crypto. So if I ask you to study it first well. It is better that you only have half your savings on your trading capital. To find out how trading is

If had read the actually post you would know that OP isn't going to be actively trading their capital. They stated that they would buy in at the next dip and hold for at least 5-10 years. So we're talking about a rather long term trade.

I can't recommend putting all your savings into cryptocurrency die to obvious reasons but you've made a very good selection of coins to invest in (I also like the ratio's). So if you're very confident that it's going to be a good investment than why not do it.

Hah, holding for 5-10 years. It doesn't work that way, especially if you have all you got on it, you'll compulsively check the price every few seconds and eventually make an emotional decision and you'll be at a loss.

[orions.belt19]

The ratio how you've split the funds among cryptocurrencies is good. Still I wouldn't invest all my saving in anything not just in cryptocurrencies. No matter how the situation is looking good and attractive and the price is high this can change and will change at some point so it's too risky to spend all your saving. Reconsider your decision one more time and maybe consult somebody that is maybe more experienced with cryptocurrency investing.

I would like to agree. You may have allocated your investment nicely but as said, it would be too risky for you to use up all your savings. The coins you plan on investing on have good potential however cryptocurrencies are very risky. There is a risk in investment and trading - a risk of losing all your savings. Are you prepared for that? It would be best to set aside some in case of a rainy day because you can never tell whether a day like that may come or other emergencies. Only invest the money which you could afford to lose.

[Gotomoon]

The ratio how you've split the funds among cryptocurrencies is good. Still I wouldn't invest all my saving in anything not just in cryptocurrencies. No matter how the situation is looking good and attractive and the price is high this can change and will change at some point so it's too risky to spend all your saving. Reconsider your decision one more time and maybe consult somebody that is maybe more experienced with cryptocurrency investing.

I would like to agree. You may have allocated your investment nicely but as said, it would be too risky for you to use up all your savings. The coins you plan on investing on have good potential however cryptocurrencies are very risky. There is a risk in investment and trading - a risk of losing all your savings. Are you prepared for that? It would be best to set aside some in case of a rainy day because you can never tell whether a day like that may come or other emergencies. Only invest the money which you could afford to lose.

You have a point all, it is not a wiseable decision to invest all your savings in trading. It is best to save on other investment type,as most said don't put your eggs in one basket. And also you know how to take risks that we could be able to learn and earn with.

[tobs]

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

I think the quality of your idea it depends of what do you mean by all your savings. Is it some spare money that you have lying around and wish to multiply it while possibly losing it all or is it some important money that you have in case of emergency. It's good if you have a steady income or full time job and want just to try become rich with your savings. In that case, I guess your choice of coins seems resonably and very safe, as you have chosen the biggest cryptocurrencies. If you want to risk more but expect bigger returns, you can try some smaller altcoins like Lisk, Monero, Zcash or Waves. Your amount of money is significant enough to even spare 2k into these other altcoins, and you can still expect big returns of like 10x if you get lucky.

[mace15]

The ratio how you've split the funds among cryptocurrencies is good. Still I wouldn't invest all my saving in anything not just in cryptocurrencies. No matter how the situation is looking good and attractive and the price is high this can change and will change at some point so it's too risky to spend all your saving. Reconsider your decision one more time and maybe consult somebody that is maybe more experienced with cryptocurrency investing.

I would like to agree. You may have allocated your investment nicely but as said, it would be too risky for you to use up all your savings. The coins you plan on investing on have good potential however cryptocurrencies are very risky. There is a risk in investment and trading - a risk of losing all your savings. Are you prepared for that? It would be best to set aside some in case of a rainy day because you can never tell whether a day like that may come or other emergencies. Only invest the money which you could afford to lose.

I agree with you all, above chosen lists are actually good investment even long term. It is a matter how you manage your investment and to grow your money. The fact is Im not into savings all my money into cryptocurrencies, spreading investing is a good choice.