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Author Topic: i think to store my salary in crypto wallets. it's good or bad decision?  (Read 645 times)
slcryptoking94 (OP)
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January 06, 2018, 11:44:45 AM
 #1

 Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
LiquorBan
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January 06, 2018, 11:47:45 AM
 #2

It is a good decision by the way just wait XRP price will go to the moon.
Liquidathor22
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January 06, 2018, 11:49:30 AM
 #3

Yeah, it is a good idea. At least you will earn from the money you have stored. The money you have stored in your wallet will increase through time.
kumiskura
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January 06, 2018, 11:51:09 AM
 #4

if you store all of your salary into XRP and leave nothing for your real life is a bad choice.
you need to spare some of it for your needs,
if you do that,everything should be ok.
because XRP has a potential for a year time or months,but for a short time.
it does not
sirkings0003
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January 06, 2018, 11:52:39 AM
 #5

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
I don't think it is a bad idea for you to save your salary in crytocurrency. However, you have to research properly the particular crypto to use to ensure that you do not loose at last. another important thing is that you choose a good wallet to also make sure that your sweat and blood does not grow wings and fly away.

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Svelto
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January 06, 2018, 11:53:59 AM
 #6

It is a good idea to save a portion of your salary in crypto. But remember to diversify your portfolio, investing in one coin alone carry more risk.
weborsha
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January 06, 2018, 12:00:33 PM
 #7

I think it is a good idea. Although i suppose you may need to convert your money from one cryptocurrency to another during the year Smiley

helloinox
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January 06, 2018, 12:02:05 PM
 #8

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
Did you mean some of your salaries? Don't put all of it in the only ripple.
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January 06, 2018, 12:03:57 PM
 #9

I don't think its a good decision. First: its your only income (as far as I can see) you need to put in stabilized place. You can cut some portion and invest into crypto anytime but NOT all.

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ghonkz
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January 06, 2018, 12:06:43 PM
 #10

Becarefull with it, it maybe safe but have a risk. you maybe want to gain some profit from it but there still a chance where to coin price drop and you'll lose your money. If you still want to do it please chose several coin the chance of losing money will decrease because its almost possible to all coin droping price in same time.
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January 06, 2018, 12:08:47 PM
 #11

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
Thats the worst decision you will ever made,you can try other alts but not XRP it is controlled by the bankers,this coin will destroy our cryptocommunity.

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January 06, 2018, 12:12:33 PM
 #12

You should at least diversify with the other top currencies (BTC,ETH,LTC,XMR,XLM). Having cryptocurrencies is already a risk, with only one is even riskier

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January 06, 2018, 12:13:07 PM
 #13

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
Yes it is a good decision since it a kind of investment but make sure that you do not put all your money in one altcoin or either your money needed for daily needs because cryptocurrency is too volatile, it may triple your money the next day and it can be gone the next week.

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Lara644
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January 06, 2018, 12:15:26 PM
 #14

I hope you know cryptocurrency itself is a risk..and I don't think storing all your salary in one coin if at all is the best, diversify and keep part of your salary for daily use. U can keep the rest for long term holding.
natasha-lev
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January 06, 2018, 12:15:33 PM
 #15

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

OMG. Are you serious? Of course, crypto develops but you put all your money in one basket. And there is already a bubble in crypto. What will you do when the market faces correction?
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January 06, 2018, 12:21:20 PM
 #16

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

If the whole salary, there is nothing more stupid than seen. At some point you can lose all means. Then what are you doing?
v0rtecxz
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January 06, 2018, 12:27:58 PM
 #17

it all depends on your choice, because there is a positive side and the negative side of keeping your salary in crypto currency, the positive side of keeping your salary in crypto currency there is the possibility of your money will increase and growth, because we know crypto currency is very volatile the price is changing fast, because the price changes have an impact for your money, which is stored in crypto currency, and the negative side you can lose your money, because crypto is a place for your money to decline, I personally do not want to take risks like that, you better save it for emergency needs and the other you save it in crypto currency
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January 06, 2018, 12:32:26 PM
 #18

I think diversification is key. Diversify within different asset classes such as equities, bonds, crypto; and diversify within cryptocurrencies itself. In that way, you will be able to reduce the volatility of your investment portfolio.

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January 06, 2018, 12:39:06 PM
 #19

You should invest only you can afford to lose, so if you will not be sad if you lose all your investment then it is okay to invest all your salary in crypto.

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January 06, 2018, 12:42:29 PM
 #20

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

don't put all ypour salary into the crypto wallet, put a half of it or just the part of the salary that you can allow you to loose. and go trading, that may make you richer nevertheless you may loose all this funds
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