Is it safe to invest all my savings in cryptocurrencies

[Naughty Princess]

It is not safe to do it due to the risky nature of cryptocurrency.  I rather suggest that you scatter your investments to be safe of bankruptcy.  You may invest part of it in cryptocurrency and invest some in other tangible assets.  Have a plan and  study hard the consequences of it to avoid loses and disappointments in the future.

I agree. It is much better to diversify your investment on different thing that has potential for growing the profit. We all know that investment in crypto is very risky because it is volatile but we have chances to take whether the price is up or down. You have to invest on real state asset which can grow the price as the time goes by as well like land for the future.

[Noizebtc]

Of course you have to understand that investing all the money you risk being left with nothing. Firstly, there is the possibility of tampering by hackers. Secondly, there is a possibility that the market will go even lower.

[fadlyzuld]

Of course it's not safe. You can lose a lot of money. Currently, almost people have been lost, many of them has been lost more than 80% of their money.
However, I think if we don't sell our coins, that mean we still not really lose money. So you'd better to invest by the money that you can leave it there for a long time and will not impact to you much even if you lose it.

[Litefoxx1698]

Maybe you should try to invest at first some of you money and watch how you will get your first profit and only then decide how much money you can invest to crypto

[Don Lord]

I think that investing all your savings is reckless, but not even in crypto , and in any other activity no one invests everything that he has, allocate some percentage of your amount and invest.

[GatotKaca]

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

Investing all of your savings into the cryptocurrency is not wrong if you dare to take a big risk and you need more knowledge about cryptocurrency because if you only invest without doing anything you can get failure.

[rabinot]

This is a reasonable choice, but it seems to me that everything is not worth investing in the market because they can sink very hard and you will sell everything in a panic

[94K]

Investing in cryptocurrency is one of the best choices ever to make in investment. For me I won't invest all my money into cryptocurrencies because I think its not safe.

[jcmansah7]

No, it is not advisable to invest all your funds in crypto investment because you can lose it in case the cryptocurrency dumps and also sometimes you can go in for a short term investment which can turn into a very long one looking at the volatility of cryptocurrencies. In that case you will be left with nothing to fend for yourselves.

[Bonwin]

I am sure some people still invest all they have into cryptocurrency. Which is what we need to know, so as not to blame ourselves for any wrong decision we make. You need to be aware that investing all that you have, apart from the possibility of loosing your fund, it might not be effective enough. The reason i said this is that there are times you might need fiat,just because of some changes in the crypto market.

[bharatpatel]

It's more good you keep money in bank. Don't dive in the crypto market without knowing it. It's better you learn about this market and try to start with small amount instead of all your savings. If you find you are good then go for big amount but all savings really bad idea.

[Korkorjkk]

It is not safe to keep all your savings in cryptocurrency, it will be better you divide your savings and invest half in cryptocurrency. In crypto, you can make a lot of profit or lose a lot of money. You don't have to invest something you are not willing to lose.

[tomsoier]

If you are going to hold investing for several years, then investing in bitcoin may be a better solution than putting it in a Bank. Investing in altcoins for a long time is risky, because top altcoins change each other for several years.

[indobitcoin.tk]

If all your savings then don't. assign it some to remain stored in the bank. When things get into the crypto and this spring in a bad value then it would be a problem if should be forced to take the savings you have in a low value. Moreover, many hackers are popping up also makes it dangerous as it will increasingly make assets unsafe.

[Ruby_Official]

No Please don't do that sir. If you're asking it, that means you're not the advanced investor yet.
Investing is not like getting everything of mine in from beginning.

[abubakar.tapo]

I have invested in real time only those funds that I am not afraid to lose. I gain day trading experience. Under certain conditions, I will increase the volume of financial investments, but not all the available funds.

[missyqt29]

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

You can become an entrepreneur, but you shouldn't become much of an entrepreneur. You shouldn't put all your money in the crypto world, because some cryptos are not stable and it is like taking risk when you put everything. There is nothing left for you, if the cryto's market value drops, it is your responsibility to bear the consequences.

[itsik78]

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

I do not think that this is a wise choice, especially now, when such a situation in the market. I would not do it and I do not advise you

[muzkle]

Investing in electronic money can give you the opportunity to make a lot of money. But it can also hurt you when it comes to risk. The non-governmental electronic money market should be able to evaporate at any time. Therefore, I advise you only to invest in this market a capital which if lost you are not much affected. 20-30% of your savings is an acceptable choice.

[lelou]

Investing your savings on cryptocurrencies is a good alternative for storing your money on banks. It has a higher risk of losing money tho