Is it safe to invest all my savings in cryptocurrencies

[energodar2019]

Cryptocurrency is a high-risk investment and you need to invest as much as it is not a pity to lose! In the Bank, if you invest, your money will not decrease, but in the crypto currency can.

[apirmalakas]

It is not wise to invest all of your savings in crypto. It is best to diversify your assets. First you must build your emergency fund worth 6-12 months of basic needs, then after that you can proceed to building your fortune through investing in different types of assets. Invest in crypto an amount that you are willing to lose just in case.

[iSparta]

It is not safe. Do not make adventurous steps in your life. Invest only the amount that you can lose without serious consequences for you.

[CamboT]

I would definitely invest half of that savings if your not utilizing that savings for the next 2-3 years.

[rishitech]

Im my opinion, cryptocurrency is good choose for make more money but it's unsafe and Bank always good for saving money because it's safe. So both's option is good.

[lonlonmarlon]

I think yes safe your all savings when you invest in the cryptocurrency becauae in the cryptocurrency we have legit investment and scam but be careful to scam and when you don't know about that ask your friends about that and check the background.

[Restmand]

I think yes safe your all savings when you invest in the cryptocurrency becauae in the cryptocurrency we have legit investment and scam but be careful to scam and when you don't know about that ask your friends about that and check the background.

we know that the cryptocurrency is volatile  so if you save your savings in this kind of thing, we don't know what might happen next.it would be happy if the cryptocurrency industry would rise up but it is too much hurt if the cryptocurrency will turn in to bloody color. it is up to you. it is only my opinion we are free to say our opinion in here right.

[SamboNZ]

That's a bad idea you got there. Crypto can make you rich but are you willing to risk it all? You have to know on where you're gonna invest your hard earned money and crypto is a good choice but don't invest on it all in, just invest the amount you can afford to lose.

[maflec0713]

hi. it is not the best idea to invest your all savings in cryptocurrency for it is not consistent of its value and you will never know if the project you join is successful. For a beginner without knowledge about cryptocurrency is not good idea to invest for it is prone to scammers. If you insist to invest, better be a bounty hunter and the amount you receive is the one you will use for investment and not your savings. I think this way, you can learn at the same time you invest.

[Specialforce]

Yes it is safe to invest in crypto currencies if you know what you are going to invest and you know how will your investment work because if you do not know what will happen next that will be bad for you and your investment as well

[Todoroki]

Yes it is safe to invest in crypto currencies if you know what you are going to invest and you know how will your investment work because if you do not know what will happen next that will be bad for you and your investment as well

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

[commentsbit]

Before you join Crypto, there are things you must know. If you are ready to win, you must also be ready to lose here. This means that there is a high risk when you join Crypto. But there are advantages to joining this crypto, because your money will grow faster. This is very different when you save your money in a bank, money will grow but not much. But saving in a bank is safer than the risk of failure.

[hualy2]

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

This is certainly not a wise choice. If you put all your assets into the cryptocurrency, then you are likely to go bankrupt. You only need to take some of the savings to invest in crypto.In this way, if your investment fails, it will not affect your life.

[bep42]

Of course it is at least unsafe and stupid. Even if you invest part of your assets in cryptocurrency, you must diversify the risks. Cryptocurrency can well complement your investment portfolio.

[Tuofu1821]

It is a wise choice to invest money in cryptocurrencies, but not to bring all the money in. I deem that is necessary to leave some emergency money in the bank. As the proverb goes, in nature there are unexpected stroms and in life unpredictable vicissitudes.

[ghosong]

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

Investment and saving are different things, you cannot compare them. if you want to make a lot of money choose investment, but it has a risk. if you want your money to be safe then saving is the best choice. if you want to choose they invest half of it so that your money is not lost entirely when your investment fails.

[okaypool]

I always recommend not investing all of your money in the crypto currency. This is a very dangerous and risky way of investing. Starting from the possibility of simply losing all of their investments from the drop in the price of the coin, ending with the possibility of getting caught in the tricks of scammers.

[aimata27]

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

Well no, the market price is so volatile so if you invest all your savings will be a huge mistake. It can go down at any moment and you will lose all of your investment, but also it can go high too if you're that lucky. But the best thing to do is just to invest all that you can afford to lose.

[vladuch1]

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

I do not think investing anywhere in your money is a smart decision. So, some of the money you can invest in crypto currency. Purchase some promising coins or invest in progressive ICOs. Then you can get a good profit and not spend all the money.

[Cassidyblaze55]

It is no where safe to invest all your savings into cryptocurrency. Its not good as this space is volatile and you can lose all your money on the instant which is not advisable. You can only invest a fraction of your savings so that you won't feel much pressure if things go wrong