Is it safe to invest all my savings in cryptocurrencies

[pawanjain]

If you were into cryptocurrency discussion for a while then you would know that it is the least thing one should do. Don't even think of investing "All you have got" into crypto as it might ruin your life. They say that invest only the amount you can afford to loose because investing in crypto is risky. You can't blame it on anybody if you invest and loose the amount. The chances of earning high profits is same as loosing it. So think thrice before whatever you do.

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[SolomkA]

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

It's a little crazy idea to invest all your money. It does not matter in the cryptocurrency or any other project. Smart books say that investing in one project can not be more than 30%.
The choice is yours. But I think it's too risky.

[Nagibator007]

All your savings of course can not, and generally need to be divided into parts of their invetitsii, and invest each part in different projects, and then you get a good profit, you need to invest as they say with your head,and in any case, leave some of the money for life, so you have something to live on, and not all the money in the crypt

[Dynamist]

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

Of course not, maybe invest half and keep the remaining money into the outside world. Maybe start a business, that way you can easily get the money whenever you needed it.

[tycsols]

Yes investing in crypto generally and specifically in btc/eth is always a good idea especially now when the prices are low, however i will still suggest you to diversify your investment into crypto and a part into real world assets like real estate or book some cars with high premium on delivery.

[lafter]

The crypto market always has the opportunity to invest, but the investment is risky. So, you want to invest and learn experience in this market can invest some of your savings, the money you can lose. Because of the volatility of this market, it is essential to cultivate knowledge. When you have good knowledge, you will make the right investment decision for yourself.

[Ooppss5]

My and your attitude and value can be different, you can either earn good profits or even eat less, the crypto market is very unstable. Before making an investment, check all aspects.

[passwordnow]

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

It is not wise if you are not sure of what you are doing. How much is your savings?

Invest only what you afford to lose, this will be the reminder for you by everyone.

[krishnaverma]

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

No that is not safe because:

1) Any wise person will ask you to diversify. This is for more safety.

2) Crypto prices are very volatile. Your funds might be locked for some time.

3) Another issue possible is that if you invest all in crypto (and it is high amount), you may come in radar of tax authorities.

[Jamesdila1]

dont invest all. you can invest 50% of your money in crypto now. anyway crypto has a bright future and total market will be around 3 trillion in coming years

[adzino]

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

I wouldn't recommend you to invest all your savings on crypto-currency. You should keep in mind that crypto currency investment is filled with risk. There is no guarantee about the future price. You might end up falling in a dilemma about cashing out your investment or not when you are in dire need of money, specially during price fall. Better to keep some fiat backup just so that you remain financially safe.

[itsik78]

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

I do not think this is a wise decision. You should know that you can only invest what you are ready to lose. Now a very unstable situation. I would not advise you to do this

[Muhammad Muneeb]

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

not at all invest 25% of your savings in crypto and keep the rest of the money in the shape of fiat and make the portfolio of crypto to diversify your risk moreover this is the best time to buy the dip but not with all of your money

[Script3d]

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

just put it in your bank, investing all of your life saving into crypto is a huge no no you will never know what will gonna happen to the future of the cryptocurrency, i think investing on stocks will be better but not all of your life saving just a part of it, stocks may be volatile but not the same level as crypto currency .

[cryptomadu]

I don't remember how many people here have said that they are going to invest all their money in crypto. What risky idea it is. I think if someone has even a little idea about the market, they will never do that mistake. Ask others.

[altcointalk14]

Investing all savings in crypto is the worst thing which you can do, because crypto is very unstabe and you can not be sure about profit. If you really want invest do it but only with safe amount which you can lost

[wonderbarthsnr10]

The risk in cryptocurrency surpasses risks in any other investment class. It's too volatile for you to invest all your life savings in. Very confusing, today you can make a whole lots of cash and the next minute you can also lose everything. Don't put all your savings in crypto, 15% will be okay. The advice is not to invest more than you can afford to lose.

[Lacoste]

If you want to learn the crypto market, try. This is a suitable time for you to invest a small sum. As the whole market is at a very low level since the beginning of this year.

[mihtju]

This is not safe, do not build illusions, but if you successfully invest, it can bring quite a good profit.

[Pamela1966]

Taking all your savings from bank to invest in crytocurrencies is not a prudent and wise decision, you can better still take some percent to invest In some stable coins, investing in crypto is good but you must be aware of the volatility of cryptocurrency so you prepare for the risk which is why it's not wise to invest all your savings into cryptocurrency,,, always remember invest what you can afford to lose