Is it safe to invest all my savings in cryptocurrencies

[Andrej Peiboski]

Investing everything in one direction is always very dangerous; let alone in the crypto market, where everything is resoundingly unstable and the whole market can get completely to zero.
Therefore, absolutely inadvisable.

[Pr0st0Pr0be1]

If you all saved up a month-it is. You do not lose anything. Dig a month. But if it's savings for your entire life, then it's not the best idea.

[Silifatmuda]

From my own point of view I think it is safe to invest most (not all) of your savings in crypto currency, it won't be in form of savings it would rather look like investing, because if you save your money in the bank, you don't have much interest in it, but in crypto currency it is just like investing your money in a project where you will see lots of profit within short period of time.

[Lilmon]

I would never invest everything I have spared in just one place, I mean, I could diversify as much as I want in cryptocurrencies but it will still be riskiers than investing in stocks for example, so try to find another markets to invest in along crypto.

[Na1l]

I think it is a good decision to invest 50%, but 100% can be very risky and dangerous. Crypto is very unpredictable.

[annango]

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

Truly I can’t tell you whether it’s a wise choice or not. If you have knowledge about crypto, you may know that it’s notoriously volatile, thus you will never know whether you can get a significant benfit like the way you think. We can’t say for sure anything, you can get a large income but you also lose all. In addition, it mostly depends on your effort, if you have a good amount of experience and skills, you can put trust on it with a big capital. However, you should use half of your savings for crypto  investment, and the other is bank. It would be much suitable.

[dewi91]

Do not invest all your saving especially in crypto because its very risky, you can loss your money when the market down. Just invest a few percent of your saving and learn how to get profit from your capital, buy high potential coins to minimize the risk.

[Dmitry.Vastov]

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

Bitcoin transactions are the safest and the most confidential one and thus is the most important reason that makes bitcoin so successful and so popular among all kind of investment but on the same hand we also know that bitcoin is decentralised crypto currency in many countries so I don’t think that it is right for now to invest all your savings into bitcoin, no doubt bitcoin is very potentiating crypto currency but till it not get centralised, it is not justified to invest the entire savings into crypto.

[micle222]

Do not invest all your saving especially in crypto because its very risky, you can loss your money when the market down. Just invest a few percent of your saving and learn how to get profit from your capital, buy high potential coins to minimize the risk.

I can suggest buying coins in cryptocurrency around 25% of your total savings.
When it rises 100% your money becomes 50% along with capital and 75% is still in the form of savings.

Remember !!!, don't be greedy in cryptocurrency before you will regret it later.

[Xclusive5]

I will advise you diversify your investment because of the risk in cryptocurrency. My advise is that don't invest all your savings in crypto but you can invest some part of your savings on real estate or gold. By doing this, you will reduce the level of risk on your investment.

[Mrs Juli]

It is not advisable to put all investment in cryptocurrency at all. If cryptocurrency failed or anything happened in cryptocurrency that mean someone will loss totally

[lilysbee]

It is not generally safe to invest all your money in one business.  Every business  has a risk just like crypto has its own risk.  So I will advise you spread your investments incase one fails you will have another to hold unto. Crypto market is highly volatile.

[FrosDiamond]

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

never do it, don't spend your savings on cryptocurrency. Look at crypto at this time down, if you spend deposits in crypto, then you might lose everything. it's better to use some of your savings for investing in crypto and some of you keep it in the bank.

[boolog]

i would never invest all my money in one thing, not in crypto either. when you risk your money, you have to be aware that you can lose all your money.

[Patient_Zero]

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

investment in crypto currency is very good, thinking of making a profit when saving is normal, but for crypto currency cases we must really understand price movements over time, because price movements are so fast that the possibility of profit and loss depends on how we monitor prices and make decision to buy, because if we are not sensitive then losses can occur at any time,

[Atlantic12]

It's a nice idea to invest in crypto but very risky to invest all your savings in crypto. You can't really predict the outcome of your investment on a long term. I would advice you to just invest 15%-20% of your savings.

[kyra0018]

For my side, it is not safe to put all your savings into investment. Just invest a desired amount not all so that when it comes to crisis you still have money to start another investment.

[Olaoye20]

I can't invest all I have, spare money should be used. It is very risky to invest all your savings in crypto. You can't really predict the outcome of your investment on a long term

[balamuda]

Investing in crypto is a good choice and can provide great benefits, but if you put all your savings in crypto it can be risky, and you better use half of your savings to invest in crypto.

[zingspeed123]

You can get high returns when investing in cryptocurrency. But it is risky. The bank is still a safe place for your money