Is it safe to invest all my savings in cryptocurrencies

[Dayx]

no that's really stupid idea, if you want to put all your money on something, then i guess it's better to buy a house or land because their value is keep raising every year. though it'll take sometime to sell it. but it's better than investing all of your money into cryptocurrency

[zeze18]

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

It depends on your faith and your luck.
But, if you want to safe way. you shouldn't do that.
Just invest money that you can afford to lose

[karashika0577]

For saving, you can adopt cryptocurrency  or bank. But your attitude and meaning can be different. As you know, at which rate you have deposited your savings in the bank, and what profit you will have. This is not the case in crypto, you can either earn good gains or even eat less. Because crypto's market is very volatile. Before you make your investment, check all the aspects.

[mirgo1791]

the use with customs on reference as trader attaining with details on characteristics as authorizing use of potentials on work with the efforts as managing plan gives as chance to collect with shifts of difference as returning nominals on profit as the end of the terms with the investment plan.

[Gaurav11kb]

What you're thinking of doing is more of a gamble than investment. Crypto market is highly volatile and no one knows what will happen in the market after even after 24 hours. So I would suggest that do not put all your savings in crypto, invest only which you can afford to lose and invest the rest in some safe investments like mutual funds or keep them in the bank.

[KarinaMix]

in my opinion, investing all your money is not worth it, because there is a possibility that you can lose everything, so think about it, I would invest 10-20 percent no more.

[krassy]

Most of the participants of this forum use cryptocurrency, but why then all of you now do not advise to make investments in cryptocurrencies?
There are a lot of cool projects and coins,which even in the downward market make a profit.
Of course, it is not safe investing all your savings even in fiat money and shares, but it is worth a little try and get your experience in this business.

[krky]

No its not, Its very volatile and erratic in nature, who knows what might happen to all of your savings, you better invest it outside the crypto, may it be business or anything of your choice then invest a portion in cryptocurrency, an amount you can afford to lose. Follow the saying "Never put all the eggs in one basket", better safe than sorry.

[trns.txt]

I don't think it is a wise choice. It is too risky to invest all savings in cryptocurrency. For me, mostly of investment in cryptocurrency are for long term. And it is hard to predict when your investment in crypto will give you profits exactly. Moreover, the market condition is very unstable right now. Just keep a half of your savings in the banks.  

[badykvik]

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

I will suggest that it is better you keep some of the money and invest in crypto with your spare cash and not your whole savings because crypto is very unpredictable and volatile. If you put all your money in crypto, you do not know what will happen to the coin you invested in but if you invest with your spare cash, even if the price is fluctuating, you will still have something to fall back on.

[xanxus.kun]

Most of the participants of this forum use cryptocurrency, but why then all of you now do not advise to make investments in cryptocurrencies?
There are a lot of cool projects and coins,which even in the downward market make a profit.
Of course, it is not safe investing all your savings even in fiat money and shares, but it is worth a little try and get your experience in this business.

Because we know that its not wise at all, I mean who would put all his/her savings in a very volatile asset. When he/she can earn those tokens through services in Bounty campaigns. Its not that we're against investing money here, but at least invest an amount you can afford to lose.

[seo-maestro]

Invest all your savings in cryptocurrencies now is like play casino - too high risks to loose, especially if you have small experience in crypto. Invest about 25-33% is more safely if crypto will dump more.

[iljamlnk]

There is always a risk .But judging by the current price, it's a good idea,I think you'll be in profit.

[Bm1905]

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

I would never do that. You may need money for urgent cases, but in the bear market you can loose a lot of money. In the very long term, i belive cryptocurrencies will be very important, however i wouldn't invest all of my savings.

[ACTrend]

Hello! I think it is dangerous to keep all the savings in the cryptocurrency. In my opinion, the most appropriate solution is to split funds. Save some money savings. Part in the cryptocurrency, but only in bitcoin. And to store bitcoin only on a cold purse.

[pelumi20]

I don't think that is a good idea. You shouldn't keep all your eggs in one basket. Imagine if you invest all your savings in cryptos and the market continues to fall, then you will go broke. Invest part of your money and leave the rest in the bank.

[Caesar-Giulius]

Don’t invest all your savings. The thumb of rule is to invest what you can afford to lose. 

[KluFf]

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

Yep there is so many risk . So plan very well because earning money is so hard.
Try to learn trading strat or stick with stock exchange it is more legal than crypto. If you want to try a long term investment

[Vikhy]

Another reverse question is , is it safe to ask strangers on the internet to take decisions about one's life savings on something dynamic like bitcoin.
Always DYOR.

[Svelto]

You must understand crypto investment is high risk. If you are willing to take the risk of losing all your savings, by all means. For me, I won’t be investing all my savings.