Is it safe to invest all my savings in cryptocurrencies

[Absolutep]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

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[reactorjuno]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Hi, it's not a safe choice at all, it's a very bad idea in my humble opinion.
Putting all your savings in cryptos is totally unreasonable, thats' what gambling addicts do.
You don't want to be that man, do you? https://www.businessinsider.com/didi-taihuttu-sold-everything-for-bitcoin-fans-2017-12

[guangzhouta]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

I think it may be not a good idea. I think you can put part of your money into the market but not all of your saving. It is not so safe for us to do that. You need to put away for your living, and to make preparation for the ocming risk of the market.

[bhaminihk2011]

I think investing in crypto is high risk high reward game. But if you are investing for long term view you can surely invest in bitcoin and good altcoins which have strong developer team and bright future. But if you willing to earn big money in just short term like 3-4 months, you should not invest in crypto because this market completely moves on news and now a days market reacts only bad news so you have to hold your coins for long term to get good profit.

[o_e_l_e_o]

Investing all your savings in anything is stupid, let alone in something as volatile as crypto. I would say 10% max. Spread the rest around high interest accounts, stocks, shares and bonds, or perhaps even metals or property if you are so inclined.

[Brunus]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Investing everything in the crypto is completely nonsensical: you are more likely to make a profit by playing slots.
Crypts are an interesting thing, and all the statistics say that for one who earns there are a thousand investors who lose.
So, be very careful.

[louie69]

Being a newbie deciding to put all the savings into cryptocurrency is actually a no good idea considering you do not have enough knowledge about crypto investment. I would suggest that you need to study first and understand more details about cryptocurrency in such away you know what you are doing and you know how to analyze the market trends. By the time you had enough knowledge, then you are ready to invest and only invest what you can afford to lose.

[Scott Evans]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

 Do it, just do it, in 2 months you will have at least 3x your savings. Fortune favours the bold

[Stimah23]

Investment in cryptos is a wise decision but putting all money in one investment is very bad habits, as an investors, you should have many projects to finance then split up the funds on each project.
This help in majorly minimizing risk.

[beleyeleazar]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

YES. Go save all your savings in cryptocurrency so that when the market goes down, you'll be left with nothing but tears in your eyes and all your savings wasted because you put all your liquid money in something as unstable as this market.

Think please. If you do that and the market goes down, you're dead. So don't do that unless the market stabilizes - something which we will see only in around 5-10 years.

[mariomerula]

No, I think you should not do this... my advice is to invest at maximum 10% of your savings in crypto because you can loose everything in less than 2 weeks!

[9tails]

In my opinion invest your half of your savings not all, Investing in crypto is very risky but it takes a huge profit if you have a patience to hold it long-term.

[JaoBadjap]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Probably its better to study how the market goes.
with trading you could familiarize on how crypto market works.
and youll see its very volatile. however if you insist on investing your money.
the way you would earn is when the hype start again. a bullish market.
by then if your hodling some crypto that gets affected by the hyped.
youll earn quite a lot

[justsimpleram]

For me no, Is it not safe to invest all your savings in cryptocurrencies. Because some of the crypto are not that good or scam before investing try to do a deep research about it before investing to a one project. But if you want to earn some using your savings just invest that you can lose it and just take a risk of it because crypto world is full of risk project.

[toolucky98]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

I think it may be not a good idea. I think you can put part of your money into the market but not all of your saving. It is not so safe for us to do that. You need to put away for your living, and to make preparation for the ocming risk of the market.

yes, there are still a lot of options for investing, but if you want to try crypto, i don't recommend you to put all your savings

[irsada]

I think at a price that is currently relatively cheap it's a good idea to put all your savings in bitcoin.
but remember every decision you are at your own risk that will account for it.

[Karlblaise1]

Even the best crypto traders play safe with their savings let alone plunging their lifetime savings into it.

What i mean to say is that plunging all of your savings into cryptocurrencies is a bad idea. Start with the amount that you can do without and make out a plan to grow it into that Vault of crypto you've always wanted it to be.

Cryptocurrency remains the fastest way to loose a million dollar and also the fastest way to gain such amount.

Kindly apply due diligence in all you do.

[bobo012]

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Yes it is but only bitcoin in the long term. Majority of altcoins will fail with time, but the same thing happens with startups. do your research and dont listen others, there is a lot of pump and dumps.

[Glory90]

nothing is safe when you decide to invest, cryptocurrency and other investments are not the right places for someone who wants to be safe because there are risks that you have to face in any investment and risk is something that must be avoided if you want to be safe

[Natusik]

Better to distribute your investments in proportion to: in the crypto currency, in gold and in real estate! Investing only in the crypto currency you run the risk of losing all of your savings!