Investing all my savings!

[Webetcoins]

Good split for sure. The rate on spliting is brought you the best profit according to the present price.a

That’s the best thing you can do with you saving to putting it into the right place and still there is more coming in future that will give you millions out of your saving s just you have to keep patience and don’t get panicked and don’t left the side of of bitcoin it will give you more than you expect and I am doing same I invest my monthly saving into bitcoin because I want that bitcoin will rescue me in financial crisis to live easy.

[bnm123]

I would definitely make sure you understand the tax effects before investing your entire savings. This paper explains the IRS's position: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/. Make sure you understand all the costs before making that decision.

[ripti]

Foolish to invest all of the savings. However, it is also the most beneficial sector. Investment plans at Bitcoin and Etherium are very good. Because the price of these two coins is increasing day by day.

[Mr.Dick]

HI there, my golden rule is never to invetst more than you can afford to loose!

I do not know about how imporntant your safings are to you or about the value of your savings but you should consider in worst(most worst) case it is gon e or nealry worthless,
even though I would agree on the divison of the CC's you'd like to invest in.

Good luck anyway!

[Decade_Later]

Everyone trashing this strategy, it's not putting everything in one basket and at least he has savings! Most individuals in the US don't have anything and are underwater in debt. At least this guy is trying.

[bitcoinqueen08]

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 your plan is right. already you mader more than 2x if you already invested these coin when you post. just hold your coin you will be rich soon

[Ziskinberg]

Foolish to invest all of the savings. However, it is also the most beneficial sector. Investment plans at Bitcoin and Etherium are very good. Because the price of these two coins is increasing day by day.

There is no guarantee that we will be profitable when investing so why would we risk all our savings, we work hard to save money and it would ruin our life if in just unlucky time we lose all our savings. Investing is good but we need to put at risk what we can afford to lose, dividing savings in different allocations should be the way, we should prioritize first our savings for our health, leisure, and then the last one is the investment.

[ekans45]

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.

It is good to always study and analyze our decision before we take our part to decide. Becasue in every form of investments, we also need to be aware to read the risk it would takes for us to want in the future that could affect our decision in the future becasue it could give us more opportunities if we will do the right decision in time.

[onemoretime8520]

you have a good plan and these coins are 3 of the most promising ones, and they have the less risk.

[Decade_Later]

you have a good plan and these coins are 3 of the most promising ones, and they have the less risk.

Definitely right about the lower risk. I'd even throw in some icos if I were OP

[Akash1243]

Investing all your saving would be very risky, i would not recommend as crypto currency can change very quickly and it can drop hard making you lose all your money.Although the distribution you made would be quite profitable if the prices increases but it would be quite a risk too.And now currently all coins are at peak of the value so they can even drop.

[karungbitcoin]

In my opinion this is good idea because all of that coin has strong fundamental, so the price will be trend up in the long term , but will be better after made some profit withdraw little bit amount in fiat for daily needed and urgent.

[Uno17]

No,not ideal to invest all my savings! It is necessary to to divide wisely all the money that you have, because we all have our primary neccessities to prioritize too, after dividing all the funds it is good also to invest the extra money that you have, to grow the money also so that you can have extra enough in the future, for me that is how i will put dividing my funds, there is nothing to sacrifice... right funding

[syaripudin]

Chart is everything guys, examine charts before investing in any crypto. Many scams with ICOs recently

I agree with you that with what you have described in detail not just a post but you give a picture in a very detailed chart table. and as you said that we should do before committing to an investment activity on crypto, we should first find out about an ICO you will do to invest in the development of the project. so do not we make a carelessness that can cause losses for what we have invested on a large scale because I think a crypto investment is an investment that can not be seen by naked eye is very different from the investment offline. I think we should not do a faux pas by including all the funds we have through crypto investment. of course there are many other forms of investment that can be done offline. one example of an investment that can be done offline is reallestat investment. I think the form of investment offline does not have a high enough risk. so what I mean is split some of your money with an investment offline.

[kissme09]

This is a smart decision, instead of saving you should turn the money into altcoin and hold it for a long time and you will suddenly become wealthy.

[diegz]

This is a smart decision, instead of saving you should turn the money into altcoin and hold it for a long time and you will suddenly become wealthy.

I won't do that, investing my whole savings in bitcoin, much more in altcoins and hold them for a long time? that would be a big mistake. Just go 50/50 half in bitcoin and half in fiat. Atleast when the transaction fee rose like this days, you still have money in real life that you can use even if you don't move your bitcoins.

Holding altcoins long term I think is not gonna give you a good ROI, most of them after booming, they return back to being a shitcoin.

[Cotton Candy]

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

Investing all of your money is a big move and a pretty much risky move but it is up to you. I agree that youbare gonna diversify you investment because investing all into one coin is not advisable especially if that involves a large amount of money. Then i am advising you to lessen the amount that you will invest on litecoins because i do not feel that they will boom in the future kist 15% for them then buy another coins or  ethereum if you want.

[levancov]

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 would advise such an order
-50% bitcoin.
-25% usdt
-25% different altcoyin

[std1391]

im not sure about investing whole saving but if u had that portfolio in Oct 24 u must be so happy now coz all of them has been pumped up so well!
congrats!

[A.Chanaka Bandara]

It is not so good idea. Because Crypto system can be hack and so scams here. So this field has some of risky. I think better idea to investing part of your savings.