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Author Topic: how much percentage of ones savings should invest in coins?  (Read 214 times)
robotrabbit (OP)
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January 24, 2018, 12:37:45 PM
 #1

i have some savings and want to invest in bitcoin. should i just input some pocket money or 10% or 50% of it or all in? i wont use the savings for a long long term. besides, if i lose all these money it wont effect my present life. advice please.
deciphertron
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January 24, 2018, 01:25:34 PM
 #2

It depends on how do you trust cryptocurrencies. It is good to save money, but if it only sleeps in your wallet, it has no use. You should use your savings, make it work for you. If you use it righteously, good for you. I think it is one one of investing your savings if you use it with bitcoin. I guess it is really a good to invest in bitcoin nowadays so If I were you, I will use my savings in bitcoin and other cryptos.
kc999991
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January 24, 2018, 01:33:24 PM
 #3

It depends, if you don't feel you have much burden in life you can invest a lot. But most people do have families so it would be hard to put too much savings into it. At the end of the day, it is still pretty close to gambling.
trumper
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January 24, 2018, 01:50:30 PM
 #4

It depends on you, I personally think 30 or 20% of the total savings can be invested in bitcoin. But as there are altcoins as well it should be 10%

Catmony
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January 24, 2018, 02:03:43 PM
 #5

You should not invest all your savings in crypto because it is full of risk and you can loss more than 90% of your investment within no time. I will suggest you to invest only what you can afford to loss or less than 30% of your total savings.
sidebyside
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January 24, 2018, 02:11:47 PM
 #6

I do not think you invest all your savings into bitcoin. You can buy a little to store. Investing in it must capture a lot of information and follow up daily. Its value is unstable. You should spend that money to take care of your life

zigfridkr
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January 24, 2018, 03:21:01 PM
 #7

10 to 20 5 should be invested. You can risk more if you do not have any responsibilities.
hotcoin1234
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January 24, 2018, 03:32:12 PM
 #8

i have some savings and want to invest in bitcoin. should i just input some pocket money or 10% or 50% of it or all in? i wont use the savings for a long long term. besides, if i lose all these money it wont effect my present life. advice please.

I will say maybe you put a 50% and make it into 2 or 3 different coin to diversify your portfolio rather than put all into a single coin. Although all on 1 single coin may be more profitable but is more risky and you wont want to be out of the market with a single trade.....
Dapper
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January 24, 2018, 03:32:29 PM
 #9

Around 7~8% at present for me.

sent from my X6
fiulpro
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January 24, 2018, 03:37:01 PM
 #10

I do think that you should go for 50% of whatever you get and try to adjust in that 50% .. you could for once spend less and live sober and simple and later on you can easily enjoy those savings in future , it's really not that hard to control your urges to a while.

Whatever you eat in Dominos and all try and limit it for a certain while .

Go for it and control , it will be gold for the future.

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asdlolciterquit
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January 24, 2018, 03:39:37 PM
 #11

Around 7~8% at present for me.

i agree! 20 or 30% is a very high percentage.

Think that is money you can lose! Maybe you can invest max 10% of your savings...
fatogre01
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January 24, 2018, 03:48:10 PM
 #12

i have some savings and want to invest in bitcoin. should i just input some pocket money or 10% or 50% of it or all in? i wont use the savings for a long long term. besides, if i lose all these money it wont effect my present life. advice please.

It depends on you as others have said: "only invest on what you can afford to lose". In your case, you said if you lose your money it won't affect your present state so I suggest to go "ALL IN" and let it grow.
eternalgloom
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January 24, 2018, 03:51:20 PM
 #13

Definitely don't use all your savings for investing into a Bitcoin casino, even if it's a trusted one.
I would only invest an amount that you're comfortable losing if anything happens, you need to decide how much that is in your case.

If it were me, I'd be investing only around 10% of my savings.

Carlsen
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January 24, 2018, 03:53:53 PM
 #14

i have some savings and want to invest in bitcoin. should i just input some pocket money or 10% or 50% of it or all in? i wont use the savings for a long long term. besides, if i lose all these money it wont effect my present life. advice please.

I would not invest more in risky things that I can afford to lose.
If somebody would ask me a number, I would say about ten, maybe 15%. Not more.
Losing such an amount is not nice, but it won't bring you close to a bankrupt either.
And when you look at the profit , you see that bitcoin price now is ten times higher than last year.
That would mean you could double your money in one year if things work fine, or lose 10% if things go really bad.
To me that sounds like a fair deal...

  It's me!!!
Goldenoaks
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January 24, 2018, 03:55:09 PM
 #15

Whatever level of risk you want to take and what you can afford. For me this means most of my savings. I'm also cutting back on unnecessary luxuries (coffee, etc.) to buy more coins.
sofi@
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January 24, 2018, 03:55:49 PM
 #16

For me at least 50% of your savings would be reasonable enough to invest in cryptos though in the past few weeks the value of most coins do not appreciate and rather depreciate it still a good point to plan holding them as a long term investment because chance are cryptos can probably hit the market and appreciate much in the future. Many are positive to the idea that bitcoin can reach $20000 and I think alts will be valued higher than today so I think its not bat to take a risk for cryptos

BrewMaster
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January 24, 2018, 04:01:35 PM
 #17

in my experience it depends on a couple of factors.
1. your age! if you are a teenager and your "savings" is  small amount then invest all of it in bitcoin, why not! you are not paying for your living anyways Wink
2. is it all the money you own in the world? then no. invest a smaller part of it to decrease the risk. as they say invest what you can afford to lose.
3. is it the money you saved up with a lot of efforts after a long time of working, or is it like a part of your salary, the new year bonus or something like that. obviously if it is the bonus investing it if you don't need it is better.

you see it is not a simple 5% 10% ,... 100% answer. and if you can not decide on your own then maybe you should consult someone else, a friend or even a financial adviser maybe.

There is a FOMO brewing...
tomahawk9
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January 24, 2018, 04:12:28 PM
 #18

There isn't a set number or percentage that people take as a reference when it comes to investing in cryptocurrencies, after all, it depends on you, it depends on how much money you have, and how much you are willing to lose. Remember that even though the cryptocurrency market is an attractive market to invest in, at the end of the day, you're also taking a big risk (your savings can always be of help in the long run).

However, I can throw a number given my personal experience: 50%. I felt comfortable with this number as it gave me the opportunity to buy the coins I wanted, and I was able to keep some fiat on the side.


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degraff
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January 24, 2018, 04:13:46 PM
 #19

A simple as day & night - amount which you can afford to lost. The point of time when you transferred FIAT to CRYPTO consider as possible lost (not only from price depreciating but also from hacks, bugs, regulation, etc.). Smiley

Hobo66
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January 24, 2018, 04:14:44 PM
 #20

I would say invest a certain amount you are
comfortable with investing in altcoins, dont
put all your funds in at once that could result
in allot of lost in the altcoins trading market.

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