Is it safe to invest all my savings in cryptocurrencies

[udidrone]

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

Big no from me, invest in cryptocurrency only use money that you afford to lose. If pick both bank or crypto i will put 85% on bank, 15% on crypto. If you really believe cryptocurrency can give you big profit, a little of capital might already enough for invested

[TheDarkRide]

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

Big no from me, invest in cryptocurrency only use money that you afford to lose. If pick both bank or crypto i will put 85% on bank, 15% on crypto. If you really believe cryptocurrency can give you big profit, a little of capital might already enough for invested

Crypto is unstable and we can't relly on it to cover our needs. Putting all of our money is a bad idea and it can give us a bad experience if the price move down and keep in the bottom for a long time.

[Akselrod]

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

I believe in a bright future. It will be in a month or several years, it does not matter. If you want to invest for several years, then certainly this is the best solution than putting this money in the bank. But you should always understand that big profits carry great risks, so do not invest the money that you will need.

[Kamote_1102]

No, it's not safe. Investing in cryptocurrency is always risky. and who wants to risk all his money? you should make your own research or study more about Cryptocurrency before investing. you can start investing with an amount that you're ready to lose. don't put it all in one investment only.

[harapan]

investing all the savings you have is very risky, you should start by looking for investments without spending savings, namely joining several bounties, because if we lose the money we will not regret it because everything is free and our money in the bank will remain there is

[KayceeMae]

About 98%. Crypto was my first investment, and has done amazingly. I believe I have come to the end of my buy-in period, and now will simply hold.

Next I plan to save a decent fiat buffer. When I hit my target for that, I'll start aggressively paying down some loans. And then look at my options for Gold. Stocks are out of the question until the S&P takes a 30% haircut or more.

[ginobitcoiner]

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

don't be stupid because you are tempted by the benefits you can get in the crypto world. luck is not always with you, don't be too careless to invest all the capital you have in crypto currencies. it's very risky

[youngmobi]

Doing that is not best option for you and it's not advisable to do that why because doing investment in cryptocurrency need to give a lot of time before you will gain bonus on your money.

[bayarau]

I fully agree with the previous statements on reasonable investment! Tell me, would you place all your savings in a casino? I think not, unless you are certainly not a complete idiot. The first and most important law of a crypto currency investor is: do not invest in the crypto industry those finances that you are not afraid to lose forever. And if you have already done this, I congratulate you - you are lame duck!

[CarryMinati]

No, this time it's better to understand the market because this time market is very volatile and if you invest your savings then you have to be very careful and remember always research before investing in any crypotcurrnecy.

[Love1989]

it will be very risky if you invest all your savings in crypto, because of the many scams here. You must be wise when deciding to invest, if you choose the wrong project then you will lose all your savings.

[iAleff]

I dont think so... this is very risk to lose your money. Have lot of way to get money online and you will forget to make this kind of investment

[nagasaking]

If you have been in a cryptocurrency discussion for a while then you will know that it is the least necessary thing to do. Don't even think about investing everything you have in Crypto because it can damage your life. They say that only invest the amount you can pay to invest in risky crypto. You can't blame anyone if you invest and lose the amount.

[bkrobottc1]

Maybe a funny question  . The principle of investment is never all-in. You need to think about how to preserve your capital. If you run out of capital, there is no more invest..

[Stupidtrolley]

You can try to put the savings in cryptocurrency. But if it is only not the last savings. If available funds, then analyze the market and invest.

[Itjoker]

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

This is the worst decision, that ever can be. Main principal in investments is always to diversify investments. It is better to invest proportionally in stock, real estate and of course hold some fiat.

[speedy1987]

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

No man. Cryptocurrency investment is really a great idea but do not invest all your money into trading. Because we cannot predict market price, some time your might need money when market price low. Better invest partical amount in cryptocurrency.

[sergienkoe]

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

Finally an institutional investor.
You yourself understand that this is a bad idea. Especially now.
I would at the moment very carefully approach any investment in the crypto currency.

[Semosuchi Tesongrato]

You can not give advice without knowing the extent of the investment and - above all - if you have enough loss coverage assets.
With the crypts, the possibility of losing everything is absolutely concrete, and before investing ALL, I would think about it a lot.

[Ivy41]

As logical and wise to do this is, it's not hundred percentage safe and wise also to do. Perhaps of what good will it do one if all that is gotten is put into investments.