Is it safe to invest all my savings in cryptocurrencies

[masterzino]

It is never safe to invest all your savings on one place. And crypto market is more violent than the other options available. I would suggest to invest no more than 35% of your savings in crypto market and this money should be spread along couple of different coins.

[ostsee77]

Puuuuuh     that's far too big a risk. i would never do it. 30% of my money i would invest in crypto. the other 70% i would invest safely. and if you buy the wrong coins, your 30% will be gone faster than you think.

[camperous]

To me it's not good to do such. Invest what you can afford to lose and what you can leave for a long term since cryptocurrency is a long term investment

[lousie9]

I would not advise and be able to ensure that Crypto is safer than a bank, but we have to compare our opportunities to be able to make a profit if we put our funds into Crypt rather than the Bank because in Crypto we allocate funds as assets but if the bank is only a savings the value will not it rises and decreases every month for administrator purposes, but if in Crypto we can make a profit if the price at Crypto rises high but with a huge risk if prices continue to decline but everything is just a matter of time.

[AyeshaS]

Crypto is extremely volatile so its not a wise idea to invest all your savings in it, it can make you bankrupt in a single day, just watch the waves and invest only as much as you can afford to loose.

[gabum19]

That's really not good idea,you shouldn't' put all of your saving in cryptocurrency. I would suggest you to put only even 25% of your saving in crypto,if you learned already a lot of strategies that can help you to be successful on every crypto activities.

[kipozer]

No, of course not, because crypto-currencies are risky assets or it's right to say this place where the chance of earning something is very small, because most people are constantly losing money that's terrible.

[kudosbadazz]

well to me its never a wise choice. You can't test the deepness of water with both feet. Anything you do in life , there must be a back up for you. Why would you invest all you have in crypto. No one is wishing for failure . However you might regret to your last breathe when things go wrong. The markets are in their reds so you must be very careful when taking decisions and make sure you calculate your risk

[paveel90]

I don't think this is the best time to make that kind of investment. Recently, I have more confidence in conventional banks than cryptocurrency exchanges or wallets. I think that the loss of funds from an ordinary Bank is much more unlikely.

[invo]

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

crypto is a wise choice, but you must be ready for the risk you might face after you have invested. there are some better investment like building up your own business, buying a land, or any other things which is less risk. but if you can take the risk, its up to you.

[manojpatelme]

Not at all, do not even think about that, where ever market risk is involved it's not gonna safe anyway. Might be you heard a famous qout " Don't put your all eggs in a single basket". Diversification is must in terms of any type of investments. If you want to make profit from crypto then you can put some ratio of your money into crypto and some in others investment option. Choice is upto you.

[contactmike1]

I would do the same and currently I try to keep all of my money in crypto. banks can give you like 10% annually and it is absolutely nothing.
Try crypto and get rich,because current prices are attractive for long term

[xuv500]

It's not so much easy to predict the status of the market these days, so investing your entire saving on crypto is a risky move. Make a part and invest in crypocurrency and must be very cautious also make sure that you are investing in a right coin.

[cizatext]

Well taking into consideration how volatile the cryptocurrency market is, it will be better not to invest all your saving in it because you never know what might happen to the market and that is why people are advice to invest what they can afford to lose in this business of cryptocurrency. You may invest some good amount of your savings but not all.

[kjn311]

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

Cryptocurrencies are a good way to make enough money, but I don't think it's the right way to store your investment right now. They are too unstable and I don't think we should trust them.

[Soundy]

It is not safe at all, to me it is a very bad investment decision. The best advice in crypto investment is to invest what you can afford to lose because you don't have control over the market and you can't predict the market trend per time.

[tensports]

it's a very bad idea to putting all your savings in cryptos it is better to divide your investments in proportion in the crypto currency in gold in real estate and stock exchange

[10BTCaDay]

All of the savings you can't invest , because you have no guarantee especially if you a Bank gives the guarantee of a cryptocurrency that can not give
.

[Milla Kross]

I think it is safe only in that case. If all projects or selected cryptocurrencies have the potential. Good design, growth. It must be proven coins. And so, if you invest in all will give. This is a big risk, of course.

[Choyor]

I think crypto investment is a very risky investment, before investing as well as we do research and study it more deeply, but all back again to those who have money, all the decisions are in their hands.