Transfer My Entire Savings to Cryptocurrencies?

[robotrobert]

Hope he didn't lose too much money or he did cut loss when the price was still high or just starting to drop down,
I wonder how much did he put in cryptocurrencies and how much did he loss.

Well i dont really think that it is a good idea to turn all of your savings into cryptocurrency but i am advicing you that you should just put the 70% of your money in a very promising crypto, just like putting your savings on bitcoin and ethereum.

When I get here I used to have read one statement in most of the comments that don’t put all of your eggs in one basket as if it fall down, you wouldn’t be left with anything. And that seems so right now. I understand it now that what that really meant. Surely you mustn’t be putting all of your investment in one coin. Or you don’t have to put all of your investment in this world.

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[TheNotoriouss]

Wow what a question at 2017 dude, hope u did it and then sold on peak Btw right now they're several interesting ICOs, f.e. Kelvin Blockchain personally for me, have you heard about this one guys??

[CASTIEL05]

This is a bright idea during the year of 2017 where cryptocurrency reached its peak. However, it is a wrong decision right now since we do not have an idea on how cryptocurrency goes when BER-months will come. Aside from that, cryptocurrency do not have an assurance that your deposited money will be returned to you. In fact, many people are already stopped in crypto because they lost a lot.

[ufaiz50]

I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.

I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.

What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.

For more security I'm sure many of the trading providers who already have names like binance okex or bittrex have multiple security features, now to increase your balance limit you are usually required to do KYC, maybe a bit complicated but it is also one form of securing your account. Advice from me if you are still in doubt whether it's a security account or anything better do not do it, think repeatedly is good.

[itscomplicated]

Start with a minimum first,  don't go all in.
explore and experience, and reflect is crypto for me?

As for exchanges, all exchanges have the possibility of getting hacked
So my recommendation is use multiple exchange. 

[sultanGol]

If you are satisfied with the current situation with stocks, don't see why exchange all your funds to cryptocurrencies. Maybe better diversify first.

[Leo.eth]

Not bad, a good marketing move! The 3des project that's doing their ICO now listed their additional token  on etherdelta.

[Gashakarr]

Interesting, why some projects list the tokens before the ICO ends? For example, 3des listed their additional futures token on etherdelta - an interesting marketing move.

[Jaci]

If you think about your savings and you want to transfer savings to cryptocurrency so it is a good decision because nowadays cryptocurrency market is the world largest investment platform. I suggest if you have a more money then you can move your money to cryptocurrency. You can start investing in altcoin because altcoin have bright future so don’t late to buying altcoin for your better future. There are too many people invest in altcoin market so you can do it without any thinking.

[coffigayo]

Yes now we better not throw all our money in stock but diversify our portfolio today. Stocks are really good for us but in terms of profit making trade with cryptocurrency is the best market for us nowadays, I think bittrex is safer nowadays that we use. In the meantime, make your own research on the ongoing altcoin and you are sure to achieve high marks in the future.

[alexsandria]

No, don't do that. It is too risky, if crypto will collapse you'll be left with nothing left, I don't thing that you desire that thing.

Investing in cryptocurrency is one of the best decision to do because a lot of people who will invest on a good crypto can able to became profitable but i dont think that it is a good idea to put all of your savings into crypto maybe you should just invest the 70% of your savings and you should keep the 30% for other purposes.

[margaret22]

I don't think it is a good idea to put all your savings to cryptocurrencies, if you are not confident in your decision. Start with a smaller part would be better.

[samycoin]

I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.

I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.

What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.

In that case I think much better to don't put your all savings in crypto because a huge money like that is so risky. Maybe divide it so you can assure that you will get a good earnings or profit.

[lushlife]

Going all-in is too risky, well if you really believe that you'd
go all-in to that coin, then go. don't be too optimistic, think
of the bad side too.

[kevpantof]

I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.

I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.

What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.

I wouldn’t advise you to move all your savings to cryptocurrencies, it’s very risky, there is nothing wrong with it if you leave it in bank. If you want to put your money into cryptocurrency, don’t put all, just divide it and put half of it or any amount you can afford to lose. Bitcoin is risky and profit does not come all the time. I remember that there are people who lost up to 50% last year.

[MrKubeem]

One of the best advices of experts is not to transfer all you entire savings to cryptocurrencies due to the fact that you will need it in case of emergency. On the other hand, if you want to deal with trading or investment then you should have enough knowledge about it. Knowing whom you will trade and invest with is the best thing you can do in order not to get scammed and ended with an empty wallet.

[letsfly]

Im not sure if you have read or heard one famous idiom about investing " Do not put all your eggs in one basket." If you havent, then there you have it. Dont put it all maybe half is safer or maybe the most is 75% and put the remaining 25% for insurance or immediate funds.

[mdw1962]

Putting all your money into crypto currencies is good but very risky and not advisable to do so for me. It is better to use Bittrex as an exchange site cause their security system is good (but annoying).

[Gheka]

I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.

I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.

What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.

I wouldn’t advise you to move all your savings to cryptocurrencies, it’s very risky, there is nothing wrong with it if you leave it in bank. If you want to put your money into cryptocurrency, don’t put all, just divide it and put half of it or any amount you can afford to lose. Bitcoin is risky and profit does not come all the time. I remember that there are people who lost up to 50% last year.

What you say is very reasonable, cryptocurrency does not always bring us profit, risk is something that always exists and appears very unexpected in this market, just with a few minor flaws and if we do not spot it in time, losing more than half of the capital is very normal. However, we still can not deny the profit that crypto has brought, many people suddenly become rich with crypto in just a few nights when they invest all their savings on it, so back to the question of the topic, the answer would be that as long as we know what we are doing, everything is possible

[Traslavin]

Going all-in is too risky, well if you really believe that you'd
go all-in to that coin, then go. don't be too optimistic, think
of the bad side too.

It would be better for you to have a proper budget allocation instead of trying to put all your eggs in one basket. Even though this is profitable but still you should consider the risks, the loses and the fear that you may get  when you encounter failures and above all you should consider to have a proper allocation for you can't tell the emergency incident.