Transfer My Entire Savings to Cryptocurrencies?

[Katfilka]

The most riskier thing anyone and specifically experience trader will put all his eggs in one basket. I think one must only invest the amount he or she is comfortable to lose, and this rule shouldn't ever be broken.

[jorgelugra]

I think that this is too risky. Yes, you may get much more but on the other hand who knows what will happen in the future. You can do this right now but maybe not your entire savings. at least some part

[Webetcoins]

dont put you all of money you can't afford to lose it, invest or trading is risky to lose of money
so, it be better to be smart for the investment.

As far as he will be choosing bitcoin, I am actually going to pump him for this action. It will be the best decision of his life. Even if he does not possess the skills of a trader, a simple holding which is world’s easiest task, can make him millionaire. Let’s take example of Eric, a 12 year old who invested in bitcoin at early stages and did not give up on his asset for years was rewarded with millions of dollars.

[hatsoff2btc]

Do not do that. We should be living a way. Profit comes with great risk. Do not know what will happen. Do not take the risk: D

He should take a risk but that this big. Investing all savings is not wise. He should do it in conjunction with some real estate projects or he can go for gold as well. Investing all in the market with no experience is going to be a full time risk. Either he can earn huge amount or lose all that he had saved so far. My sincere advice is to go for investing half at the moment and increase it later when got some experience.

[thetruth123123]

I would say that we need to know what are the amount of your savings, before answering that question plus yes, it is always risky

[kidamazo]

Any of investments in our life is risky! and the cryptocurrencies are even more risky than that, so be careful with investment here

[ipanks]

Any of investments in our life is risky! and the cryptocurrencies are even more risky than that, so be careful with investment here

yes, it is risky but it's too risky because he wants to use all his savings to invest in the cryptocurrencies and I think he doesn't have to do this if he still depends on his savings. but if he has other money then he can free to decide to invest all of his savings in the cryptocurrencies and we only hope that what he does will give him a big profit in the future.

[MrKubeem]

Depending on how long you fund stay in cryptocurrency! If you are looking at a long term, that may not be a good idea. But if you stay six months, there is nothing wrong with that. About security, Find the meaning of cryptograph! Bitcoin is the most secure currency including many of he haxadecimal based addresses of many altcoin. Theft only happen when people make mistake.

[Ziskinberg]

Depending on how long you fund stay in cryptocurrency! If you are looking at a long term, that may not be a good idea. But if you stay six months, there is nothing wrong with that. About security, Find the meaning of cryptograph! Bitcoin is the most secure currency including many of he haxadecimal based addresses of many altcoin. Theft only happen when people make mistake.

Exactly, we are the one who are in charge of our own money here and we can hide our wealth with crypto.
Believing that we will be successful in the future is good but we need to be realistic to fully understand the risk, risking your entire savings is not really good.

[Dikpora77]

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 hope you don't put all your money from stocks to cryptocurrency, because it's too risky and the price of the coin can change anytime, sometime go up and sometime go down immediately.

[crazy-pilot]

Investment itself is risky but to turn your entire savings amount to cryptocurrency it is a step off faith Do what your heart is telling you

[money_amount]

Investment itself is risky but to turn your entire savings amount to cryptocurrency it is a step off faith Do what your heart is telling you

Whether that is so but I think that should not do this. If possible, you should keep some to prevent bad ones. I think that should only invest 70% of the money you are.

[KesoNie]

for me, i will not put all my savings in crypto.I would rather invest fifty percent of it and keep the other half.Just in case myinvest doesn't work good,i still have money left to be used.Not all of us are lucky in one type of a business so you still have money left to capitalized for another business

Me too I wouldn't dare to transfer all my savings to cryptocurrencies though we all know that investing in cryptocurrencies are profitable but it was unstable and constantly changing so you can't make sure that you're investment will turn out into a profitable one. Maybe just divide your savings that you're going to invest.

[DPrillio]

for me, i will not put all my savings in crypto.I would rather invest fifty percent of it and keep the other half.Just in case myinvest doesn't work good,i still have money left to be used.Not all of us are lucky in one type of a business so you still have money left to capitalized for another business

Me too I wouldn't dare to transfer all my savings to cryptocurrencies though we all know that investing in cryptocurrencies are profitable but it was unstable and constantly changing so you can't make sure that you're investment will turn out into a profitable one. Maybe just divide your savings that you're going to invest.

As long as my money is not compromise or time bounded for payment of anything then I will put it into crypto currency because I believe that I can make it double or even 10x higher if i'm going to invest and hold for my selected Altcoins, although there is some risk but we know that everything has its own risk that need to be address to avoid some consequences to come in.

[Mr.John19]

We realize that dangerous of the investment in the cryptocurrency. All master says they don't put all your speculation on single coins. We have designated of new coins, and we don't know which of the new coins will assist us with gaining benefits. You will need to diversify your investments. Endeavor to pick the best coin which has splendid future and potential. You must face the dangers, this being to success.

[icohunter1024]

I think you should only transfer part because the value of cryptocurrency fluctuates so much that it can increase the money in your account but can also reduce your money quickly.

[TheDarkRide]

I think you should only transfer part because the value of cryptocurrency fluctuates so much that it can increase the money in your account but can also reduce your money quickly.

Trading crypto needs calm so no other things will annoy it. For example the money in trading should be free from daily needs. Using all of our saving money will give a bad impact soon or later.

[taktik]

I think you should only transfer part because the value of cryptocurrency fluctuates so much that it can increase the money in your account but can also reduce your money quickly.

Trading crypto needs calm so no other things will annoy it. For example the money in trading should be free from daily needs. Using all of our saving money will give a bad impact soon or later.

You can not use all the money from your home budget. If you intend to make investments or trade, for this you need to allocate only a part of the total amount of funds. In any case, it is necessary to minimize the risks of remaining without funds for existence.

[abel1337]

I think you should only transfer part because the value of cryptocurrency fluctuates so much that it can increase the money in your account but can also reduce your money quickly.

Same idea here , It is risky specially if the money you save is for a specific type of usage. You cant just sacrifice all of your savings on crypto because everybody knows that it is so volatile that it can increase or decrease you money instantly.

[sarjilcse]

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.

Well, i think 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.