Is it safe to invest all my savings in cryptocurrencies

[NotFoundGlobal]

That's not a good choice. However, CryptoWorld is sweet for get a huge profit. But if you are investing not at the best moment, you'll be cry every time.
But if you want trading, it's ok if you have skill trading

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[Harkorede]

That is definitely not advisable, In crypto the more you invest the more you could gain but also the more you could end up losing. And there is a saying that don't invest what you can't  afford to lose. So, if you really know you can afford to lose all your savings then it could be worth giving it a shot, else you can minimise your investment in order not to have any inconveniences with you/or your family means of livelihood.

[tanvir232]

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

Investing all of your saving means you have nothing to use in the future. That's hugely risky. You should use a fixed portion for your future. Crypto market is highly volatile. You may end up losing 90% of your investments. So, I think you shouldn't invest all.

[Nastinmel]

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

No, no, and no. Look how many people have become bankrupts this year and give up the idea of investing all your money here! The best way is to invest 10-15% of your savings! The market is as risky as a casino!

[blackhawkeye1912]

A big NO. Don't you think that cryptocurrency is a high risk investment. Don't get blinded by its huge profit. Those glory days were over last year. Currently, the market is a bit stable at a lower price. Let's be happy for this for the meantime, compared to sharp falls. Hoping that this stability will be a momentum-builder in preparation for a bull run.

Before you invest in cryptocurrency, it's a must to study and research on it before investing.

[askmecrypto]

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

Certainly NOT.
One of the most important rule of financial investment is "Never invest everything in 1 instrument", thats being said, it never makes sense to put all your money in cryptocurrency.
Yes, crypto is a blooming market and with future perspective it holds very good potential on your investments, however, no one has seen the future, your investments must include risk management and that makes you diversify your portfolio.
Put a part of your investment in crypto, other parts in other instruments, like real estate, gold, stocks, bonds, etc. Depends on person to person but eventually diversify your investment.

[CryptoToxicAvenger]

Investing in cryptocurrency is certainly good, but you do not need to invest all your savings. The volatility of the cryptocurrency market cannot guarantee the security of your money. Because you can lose some of them if crypto goes down. If you want to keep your savings, it is better to do it in the bank.

[chocopapaya]

Actually no, that is not a wise choice at all.

No matter what the investment is, you don't want everything in one thing.
For example, you don't want all your savings in just real estate or stocks.
Same goes with crypto, (even if you buy a bunch of different coins).
You should always have some actual cash in a savings account (high interest CD is better) along with other investments.
This gives you the opportunity to take advantage of other future investments that come along.

On top of all of this, crypto is totally unstable.
Eventually, it will stable out, but now, I would say it is almost impossible to tell which coins will be around and valuable even 5 years from now.
So I would invest, but look at short to midterm profits.
Then, as it starts getting clearer what coins will be around longer, then go all in.

[sergeykravchenko1959]

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

Personally, I have divided their money and keep some in fiat and cryptocurrency. You can never predict how the market will behave and investing in crypto-currency can be long-term .

[Bonsaiav]

As humans, we certainly want an increase in living standards in the future. I think investment is the best way rather than saving. There are various ways to invest, ranging from building your own business, buying property, buying company shares, or buying cryptocurrency.

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.

That way cryptocurrency can also provide high profits even the highest among other types of investments. However, regarding investment in cryptocurrency, we also need to pay attention to risk factors which we can face. If, we buy coins which perform poorly then it's not impossible, the money we invest will actually decrease in number and it can even run out.

[tekinekan98]

In no case do not need to invest all your money in cryptocurrency. Invest as much money as you are willing to lose. Cryptocurrencies are very risky investments especially in the negative market.

[bangjoe]

Investing in cryptocurrency is certainly good, but you do not need to invest all your savings. The volatility of the cryptocurrency market cannot guarantee the security of your money. Because you can lose some of them if crypto goes down. If you want to keep your savings, it is better to do it in the bank.

I really agree with your opinion because basically investing in cryptocurrency is indeed a high risk because each coin has its own developer and this is what makes it difficult for us to get a guarantee because not all developers really improve their projects that will make high coin prices

[Escan0r]

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

I suggest that not all assets you saving are invested, if you lose what you will do. It is better for you to set aside 50% of your assets and invest in various ICOs so atleast you not too much loss.

[Iandi anne]

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

Investing everything in cypto is not a good idea. Cryptos are highly volatile and is a very risky kind of investment. Better to put some but not all. As the saying goes, only invest what you can afford to lose.

[miropp]

Cryptocurrency has not yet come to stability and therefore it can be dangerous to keep your money in it. You should invest in crypto only what you can lose without harming yourself.

[mbluxs]

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

it's not wise because as you know whether crypto is safer than being banned?
Do you think that if you are banked, your money will be lost when you pick it up but in crypto? Have you thought so far?

[zarintasnim]

Investment is the best way to earn very good profit. But you all saving put into investment it is not good idea, because investment is also risky. If you fail to choice right coin you can lose your hole capital at a time. So careful and keep invest how much you afford.

[Eildosa]

I agree that investing all your money in crypto is a very stupid step. We could lose everything in an instant. You should always divide your money into parts and be sure to leave a little in the fiat.

[ivanleon]

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

I'm just very surprised at this question, especially after the recent events, when the market rolled back. Investing all your savings in cryptocurrency is clearly a very rash decision, as your money may not return for a long time, as the market is unpredictable. I would invest 5-10 percent without hoping for a quick profit.

[gravitik]

Yes, I invested my savings in cryptocurrency and I think it is a reasonable choice because you can get a lot more profit than in the Bank