Is it safe to invest all my savings in cryptocurrencies

[Vektrum]

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

I do not think that investing all my money in a cryptocurrency is a reasonable solution. Like any investment, investing in a cryptocurrency is quite risky and under adverse conditions you can lose all your money. Therefore, in no case should you invest all the money in a cryptocurrency, as it is not worth taking. for these purposes a loan. It is also better to periodically withdraw a part of your profit in a cryptocurrency and a common currency.

[The Scorpion]

Invest only what you can afford to lose - This should be the official mantra for not only Cryptocurrency, but other forms of trading as well. Its’ applicable to virtually all other aspects of our daily lives. Currently, many folks are taking loans, selling off lucrative assets and channeling them into any coin they lay their sights with the hope it becomes the next ‘Ripple’ or ‘Moon like Bitcoin or Ethereum’.

This is not only reckless but could have long-lasting consequences if such outlay goes south. The best way to go about it is to consider the money gone as soon as you invest. Imagine that it doesn’t exist ( can be hard for some of course). This way, you won’t be forced to check the daily charts or BlockFolio without panicking.Never put what you can’t afford to lose.

[juchin]

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

It is a wise choice if you really understand about it clearly. This is a investment channel which can bring you the very good profit more than saving money in bank and just be received a small profit

[Peashooter]

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

It's not better to invest all your savings in cryptocurrency cause we know it is very risky. It is better to invest that money afford to lose. It's better to think twice before you make a decision cause in a wrong move it will lose your money.

[AK47-]

Investing your all savings in cryptocurrency is surely not a wise decision .
In cryptocurrency returns are not sured or fixed. You cannot expect assured ROI on your investments. On the othe side in traditional investment ROI is fixed. I would suggest your don't invest invest your all savings in cryptocurrency. Partial investment would be a wise decision.

[moonblocks]

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

All of your savings? Probably better to diversify somewhat and consider other asset classes like tech stocks not just cryptocurrencies

If you are thinking of a long term approach just invest in a balanced portfolio of the top 10 assets only better still just Bitcoin and Ethereum and HODL that for a few years

Lots of smaller/higher risk assets won't necessarily last long term or will be superseded or even become obsolete altogether so its best not to invest in those

[Bunsomjelican]

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

If you are thinking that you like to invest on crypto rather keeping it in the banks instead. For me in my opinion that's a good decision " IF " you choose the right altcoins where you like to invest in, like Bitcoin, Ethereum, Xem, Utrust, and Pundix are one of the good altcoins in cryptocurrency in terms of investment. But you can also check the top 10 coins in the coinmarketcap.

[Aschcraw]

Bad Bad idea

[handini]

I agree that investing all your money in crypto is a very stupid step. We could lose everything in an instant. You should always divide your money into parts and be sure to leave a little in the fiat.

yes I do not agree if all your savings money is invested in crypto currency. it is a very stupid step, it is the same as you throw away your money and you can lose the money that you have collected in an instant.

[ziyush]

Never suggested putting all your saving in cryptos

Put 10% or 20% of your saving in crypto and when you earn from that then use that earned amount to invest in another crypto.

make sure crypto market is highly risky market and make sure to invest in right coin or else you will be a victim, remember bitconnect

Thanks

[Moxivuki]

Don't put all your eggs in one basket. This is a goodwill reminder. Even if you really want to invest in cryptocurrencies, I think that you are using 50% of the funds is enough!

[andra73]

Don't put all your eggs in one basket. This is a goodwill reminder. Even if you really want to invest in cryptocurrencies, I think that you are using 50% of the funds is enough!

I think it's quite reasonable, especially if you are a new investor, you need to learn in advance about cryptocurrency and all related to crypto market, if you do not want to bear the losses.
If you want to start investing, I would advise to start from crypto has the market was clear, and the high market volume. don't start investing in coins a new ico finished, because all the coins ico like gambling, you can just get an advantage could have been losses that you get.

[Seeker#9]

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

It is a bad idea to invest your entire savings to a high risk investment like cryptocurrency especially if you are still a beginner. If your savings is a hard-earned money then it would be better if you invest only some money that you afford to lost in case the price of the coin you will going to buy go down later. Investing in cryptocurrency could be a wise if you already know how to manage your investments to prevent future losses.

[ice098]

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

It is a bad idea to invest your entire savings to a high risk investment like cryptocurrency especially if you are still a beginner. If your savings is a hard-earned money then it would be better if you invest only some money that you afford to lost in case the price of the coin you will going to buy go down later. Investing in cryptocurrency could be a wise if you already know how to manage your investments to prevent future losses.

For me its not wise idea to invest all your saving because there are possibility it might lose all. I think its better to put only a small amout of yourmoney then keep the remaining of money you have or put it in a bank. Dont put all if you don't want to lose all, also it will help you if you have asset so that you will be able to get enough profit. Investing is one of the way to get big profit but the risk is also their.

[dreico]

it is very stupid to invest everything you always need to leave money in reserve because it is not enough that it can happen where they will be needed

[GodsChosenVessel]

So far cryptocurrency has not taken full control of the financial system and economy of the world, it's never safe to invest all your savings into Cryprocurrency. There are other real life investments you can make that will yield you maximum profit.

[Babylon]

Just remember that there is a risk in turning your money in crypto currency or investing in it.
But it is your money you could do anything with it just be careful.

[pufenduy]

Do not even think about investing everything in one sector. This is the first mistake of every fresh investor. Just diversificate your funds. Put for example 20 percent of your savings in 10 crypto currency projects and for another 10 percent buy something else. It is too risky to put everything in crypto.

[mbah]

Crypto is a wise choice to invest. from on is stored in the bank and did not experience the increase in value which means it will be better to enter in a distant crypto can deliver results. However, must understand the factors and also a lot of risks there in the crypto because this is essential for deepening so that capital can thrive and not quite the experience of loss.

[InflamesAndrei]

Do not even think about investing everything in one sector. This is the first mistake of every fresh investor. Just diversificate your funds. Put for example 20 percent of your savings in 10 crypto currency projects and for another 10 percent buy something else. It is too risky to put everything in crypto.

The best option to earn money. It is to have capital to earn, which must be a constant. That is, any income you put in a separate bowl, and in the case when you lose and the capital decreases, then restore it at the expense of the second bowl.