Transfer My Entire Savings to Cryptocurrencies?

[tech72]

Its best not to put the entire money in cryptocurrencies. As the popular saying goes - "Don't invest money in cryptocurrency which you can't afford to lose". I would suggest, may be 20% of your savings.

Or better would be not to invest all in one cryptocurreny and decide it into multiple so as to contain the risk.

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[OrganicCoin]

As many others have said, I would not put all the money in the crypto world, why not split it 50/50 or whatever suits your risk willingness.
A note on the exchanges: In the end, I would use different exchanges, so if one gets hacked you will not lose everything.

Beside this the most important point IMO is: transfer the money to your private wallet and store it in a paperwallet or a hardware wallet like the Nano ledger. It will cost you a bit for each transaction but once your money is stored on something not connected to the internet you won't get hacked anymore

[Xclusive5]

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.

My advise is that you can divide your fund into two then invest half in cryptocurrency. My advise on the exchange finance exchange is a good exchange I recommend you continue with the exchange.

[Partizanai]

this is a bad decision to transfer all your funds into cryptos, this a high risk investment

[rodel caling]

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.

good for you mate but absolutely you are correct trading investment in cryptocurrency is have much greater risk, and right decisoin for your money investing into stock exchange become profitable but be careful you need to monitor your unvestment from time to time to avoid losing of your money.

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.
[/quote]
do not push yourself to put much to invest in cryptocurrency, the risk using online exchange wallet is still have a risk if you didn't know to protect your investment alway take care of your privatekeys.

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.
[/quote]
as i said above do not push yourself to invest much into cryptocurrency small amount you can start to invest become profitable you need to save for daily needs, binance as i heard are have good reputable online exchange using for trading job.

[btccashacc]

I personally will not put all of my money on cryptocurrency it's such a risky way, it is better to invest only what you can afford to lose, just don't put all of the eggs in one basket if you won't lose it, about cryptocurrency that you'll invest I think they should have better future, in my opinion for now bitcoin and etherum are better while the other I'm not sure, too many altcoins in this industry.

[Triple]

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.

good for you mate but absolutely you are correct trading investment in cryptocurrency is have much greater risk, and right decisoin for your money investing into stock exchange become profitable but be careful you need to monitor your unvestment from time to time to avoid losing of your money.

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.

do not push yourself to put much to invest in cryptocurrency, the risk using online exchange wallet is still have a risk if you didn't know to protect your investment alway take care of your privatekeys.

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.

as i said above do not push yourself to invest much into cryptocurrency small amount you can start to invest become profitable you need to save for daily needs, binance as i heard are have good reputable online exchange using for trading job.

As for your exchange question, yes of course. There's a couple good reputable exchanges out there such as Binance, Bittrix, etc. Your worry about hacking is unnecessary. I know for Binance, even before you can log into your account to see the balances, you have to have 2FA enabled. If you try to withdraw any currency for any amount, you have to input the right password, 2FA, and also it sends a confirmation link to your registered email account.

No need to worry about putting large amounts of money on exchanges.

[suzanne5223]

Crypto currency investment is quite different to stock investment and there's no crypto currency exchange that will refund all your investment if any hack issue occur which is why I think it every important not be greedy in terms of crypto currency investment.

[Sum24]

Investing on bitcoin will make you a very rich millionaire or everything is gone before 2020 ! So make sure that you've think very carefully before invest all in.
I'm ever read about 1 family that invest all in into bitcoin so for now, they on profit point ! After some issue like South Korean exchange's problem ,etc they must prepare that bitcoin is going to downtrend once again !

It seem like something funny although bitcoin is very good for investment and you can invest here as much as you can even rich are also investing here and now a lot of banks have accepted bitcoin so now it’s good for investment but I did not see any one who invest their all money in bitcoin and even I will never do so because only little part of your investment can make your money double and everyone are doing same.

[noictib]

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 don't think that it is risky until you handle it according to your need and also according to the market . Here if your money is at the third party site ( trading exchange ) then surely you are under the risk because if it is site than that is hackable but still we should be sure 99% that not only your money is at your site but also many people have putted Thier money and also security is high . Here my suggestion for you to have account at all possible trading exchange and sites because this way will help you much to lower the risk of hacking loss .
Since in my  whole career of crypto I seen once the incident of etherium theft at every secured exchange but after that no hacking like things .
So be sure that there is no risk to out your money at trading site .

[zemb]

Diversification is a game changer and that can save you from losing money. Putting your savings in cryptocurrency is really a good decision but learn to spread it. Invest and hold good coins so you can have your profit in the future.

[slashz9]

I agree with stocks but I think cryptocurency is a good choice as well for now, it's a risk here is much higher but if you can keep your account safe I think it does not matter, for example use google authenticator double security, or add a phone number, so suppose your account is hacked they still need a password to login.
I hope this helps

[bennie4]

You should do it sooner. Value for money is falling, saving every year will reduce 5% of value. Cryptocurrencies is increased by 50-100% per year. So you can see what is a valuable investment channel

[Zicadis]

others have gone to the extreme of selling their houses and everything in it so this isnt really new but you need to get your timing right to avoid holding your coins for too long to recover your invested funds but transferring your entire savings am not in support of this, try go with 70% of your savings or invest in different crypto projects, not one.

[blue_nexus15]

If you feel that you have entered the market long enough for you to understand and grasp the market, then your investment decision is reasonable. But if you are still vague about the market and do not understand it, then I think you might consider investing only a fraction of your assets because you can not invest all your money. Save on a market where you have no knowledge of it. While the Cryptocurrency market is relatively new, the chances are high that risk is high, consider this.

[quantumcomputing11]

I seriously don't understand why everybody is dead set on putting all their money into cryptocurrencies. It isn't a guarnteed thing people despite the fact there will be much growth in this area, nothing is a guarnteed thing! I would tell you to take all your money out of stocks and invest at most 50% here. That way if you mess up you can invest more but you won't end up being broke neither. For exchanges try sticking to the top ones to begin as they will serve you best most probably. That includes exchanges like Poloniex, Bittrex, Binance, and Bitfinex.

[Partizanai]

i know a guy who sold every property he had and invested in BTC, current price was 7k USD. He took that risk and he got rewarded. Bold move.

[neonshium]

Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.

Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. 

Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.

[Nasty23]

Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.

Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. 

Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.

In this situation we need to diversify our savings so that we have a money for the emergency situation and the other one is for investment in cryptocurrency that helps our savings grow and we can also have an emergency fund that we can use easily whatever happens.

[nethan1btc]

Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.

Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. 

Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.

In this situation we need to diversify our savings so that we have a money for the emergency situation and the other one is for investment in cryptocurrency that helps our savings grow and we can also have an emergency fund that we can use easily whatever happens.

I agree, whatever good exchange services was that and have a good reputation since the day it was started, but we still cannot assure if our money to invest being safe. Because like what you said everything come a risk in crypto, If he really like to try then he may try to invest that only he can afford to lose.