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Author Topic: Investing all my savings!  (Read 14276 times)
crazycatwoman03
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October 29, 2017, 11:55:06 PM
Last edit: November 02, 2017, 10:03:57 PM by crazycatwoman03
 #181

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 like your investment project. These coins seem to me reliable enough to invest in the long term, waiting for an acceptable return without too many risks. The only thing that does not convince me is your intention to invest ALL your savings in that project, which seems to me unnecessary since any investment always entails risks of loss, and this is especially valid in a market as volatile as this.

Always remember to invest the money you can afford to lose.

Right we should not force ourselves to invest if we can't afford it and also to invest if we are not ready to loss.  In trading,  we cannot guarantee that our coins will be sold to high prices or to its contract price.  The volatility of the coins is shown in a graph and it clearly explains what happened when coins are being bought ir sold. Trading is not always successful so we have to move on if what happened did not go the way we planned it.

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Fidemoga
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October 30, 2017, 12:31:18 AM
 #182

The portfolio is good, but I wouldn't take all my savings. I believe in crypto, but there always could happen something unexpected like bans, loss of wallets, hacks and so on.
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October 30, 2017, 01:06:49 AM
 #183

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
yes investing mean you put all risk on one places. not good idea even though your coin choices are great. just invest half or quarter  would be great.

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btcdiggingmaster
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October 30, 2017, 02:24:49 AM
 #184

The portfolio is good, but I wouldn't take all my savings. I believe in crypto, but there always could happen something unexpected like bans, loss of wallets, hacks and so on.

Yes, it is not good to invest completely into Crypto's with all your saving because if you are enough you will make more returns on your investment. Otherwise you may loose all the money, so always invest that it should not effect even though you loose them.
mx667
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October 30, 2017, 02:36:11 AM
 #185

The portfolio is good, but I wouldn't take all my savings. I believe in crypto, but there always could happen something unexpected like bans, loss of wallets, hacks and so on.

Yes, it is not good to invest completely into Crypto's with all your saving because if you are enough you will make more returns on your investment. Otherwise you may loose all the money, so always invest that it should not effect even though you loose them.

I do not think you should invest all your savings into Bitcoin. That's because we do not know whether the Bitcoin price will go up and never go down. Do not let Bitcoin price go down someday and lose with other Altcoin. We are now complacent with the Bitcoin price, so we forget the possibility of failure that is still there and maybe we can face.

So you should invest 50% of your money into Bitcoin, but do not invest everything. Remember always: "Never invest anything you can not afford to lose."
Minionnn
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October 30, 2017, 03:42:19 AM
 #186

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
whether you invest in the long or short term, investing in all the saving money you have is a stupid thing to do. Are you sure that after 5 to 10 years how everything will change?is it will be better or worse? And trading is always risky for your money, if you invest all, maybe you will lose all.

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October 30, 2017, 04:26:40 AM
 #187

I think you planned to invest all your money in cryptocurrency is not advisable the amount of bitcoin investment is ok as bitcoin track is proven so considering the rate of bitcoin future is acceptable. My advise is you should invest in other modes mixed portfolio is advisable so there will be less risk in your investment.

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October 30, 2017, 05:44:48 AM
 #188

Only invest money that you can afford to lost. Dont put your all saving on this. This crypto sometime crazy, it can make smile and also cry.
Investing all of your money in this crypto is not good planning.

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Pinoccio11
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October 30, 2017, 05:52:27 AM
 #189

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
You riskily act, it is better to invest all your savings in valuable assets or into real estate for the future. You can lose a lot on trading, bitcoin buy at a high price and then at the end of November the forecast for a fall. Alts is generally a separate story, now almost full stagnation in the price, so not the most successful time for investment.
pratik009
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October 30, 2017, 06:08:51 AM
 #190

I suggests you to not invest your all savings in the cryptocurrency.you can invest your 50% to 70% of your savings.and if you think for the long term investment then btc is the best option for you.beacause btc price averagely increasing everyday and it's also King of crypto currency.And for long term investment altcoins are not good.so if you think about long term then never invest into the ethereum and litecoin.
zokizuan
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October 30, 2017, 08:38:17 AM
 #191

I suggests you to not invest your all savings in the cryptocurrency.you can invest your 50% to 70% of your savings.and if you think for the long term investment then btc is the best option for you.beacause btc price averagely increasing everyday and it's also King of crypto currency.And for long term investment altcoins are not good.so if you think about long term then never invest into the ethereum and litecoin.

You, nailed it dude
d1ceplayer
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October 30, 2017, 12:03:42 PM
 #192

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
Holding for a long time, I don’t know if that would be a good idea, cause price can depreciate at anytime when you least expected it. So my advice is that if you’re going to keep it for a long time, you should always have an alert set up to notify you of any decrease in price; mobile wallets offers such features to users.
malikusama
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October 30, 2017, 02:08:19 PM
 #193

Why you are going to invest all of your savings in crypto after knowing the fact that their price is highly volatile, even many big investors never do such mistake of going all in cryptos, always diversify your investment.
Well bitcoin is much reliable than any other currency so your stated ratio of cryptos investment is quite good, i have invested approximately same to your stated ratio.
Jelly0621
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October 30, 2017, 02:24:44 PM
 #194

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

Great portfolio mate but I think it's not a great idea. Putting ALL your savings in cryptocurrencies is bad. We really don't know what will happen in the coming days.
Maybe you could invest 20-30% of your savings mate. Atleast you still have spare savings in your pocket if your investment will not go through.

But if you can afford to lose then go for your plan mate. Your list of coins are good and surely will give you big profit.
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October 30, 2017, 06:30:54 PM
 #195

The portfolio is good, but I wouldn't take all my savings. I believe in crypto, but there always could happen something unexpected like bans, loss of wallets, hacks and so on.

Yes, it is not good to invest completely into Crypto's with all your saving because if you are enough you will make more returns on your investment. Otherwise you may loose all the money, so always invest that it should not effect even though you loose them.
I am also not in favour of investing all my saving into one single platform. There should be something must left within your account for the rainy days. This is my phenomenon of life and I am pretty much confident that this is gonna work and this is the right way to deal with the savings of my life. No doubt that crypto is a new platform with potential profit but the profit is not guaranteed nor is any specific timeframe in which the profit will be received by any investor. You must look for other potential economic activities as well with some solid commodities to grow your money and circulate your money in a smooth way with less risk.
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October 30, 2017, 08:03:48 PM
 #196

It's an interesting topic, I wonder what made you decide to do so??? Why all savings? It's quite a huge amount. I would split it like 50-50% cryptocurrency (or less) and some other ways of investment, eg real estate or something else. Of course I don't know you situation and I can only judge from my point of view

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October 30, 2017, 08:49:03 PM
 #197

Same. I am invested all my savings into cryptocurrency several months ago. Value bitcoin now is really a blessing for me. Because, doesn't have to wait several years just to make it grow more than 100%.

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October 31, 2017, 01:29:41 AM
 #198

Same. I am invested all my savings into cryptocurrency several months ago. Value bitcoin now is really a blessing for me. Because, doesn't have to wait several years just to make it grow more than 100%.

Really good for you, well this is risky to put all your money here on bitcoin, better to diversify it so you can make more money for your brighter future. Invest what you can afford to loose.

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October 31, 2017, 01:43:14 AM
 #199

I think investing all the savings in trading is a great idea. for the long term will benefit because the prices are down and up .. but you also have to be good at taking steps when you should trade all your coins
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October 31, 2017, 01:51:42 AM
 #200

Don't forget a very important thumb rule for investment. Don't invest more than what you are willing to lose. Even though the investment seems secure it's not a wise move to invest all your savings if you can't afford losing all of it.

What should I invest in? PM me with your thoughts! Thanks
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