Is it safe to invest all my savings in cryptocurrencies

[MOProgress]

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

Please investing all your savings in cryptocurrency is never a good choice. The cryptocurrency business is a 50/50 business which you need to invest wisely.

[antolinicio1]

When do investments happen safe? Any investments have the risks, somewhere they it is more, and somewhere they it is less. Cryptocurrencies have very big risks. It is very heavy to understand what will be with the crypto market in the future. Therefore I don't advise to invest all the money in crypto.

[nytrolic]

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

That is good decision actually. Beucase you can earn some money with investing banks only 2 3 percentage. But you can earn more money in crypto. But i can not advice you to investing all of your life savings.
Please invest wisely. and maybe you already know about that. there is a important sentence. please invest which you can afford to lose.  Do not invest with your all life savings please.

[Louis21]

That will be a very bad investment decision , it does not make for someone to invest all his savings in a volatile and unregulated industry. Anything can happen at any time and you may lost all your investment.

[nightwishx]

Of course not, unless it's a fortune when all your investments are the right choice, but if you speak wisely or not, of course not. because investing in crypto is something very high risk

[irenegaming]

Of course not, in fact the stock market is much safer, if you check the forum the advise number one is always hodl, haha, but the number two is "do not invest more than you can afford to lose" and I think that all your savings do not fall into that category, if it were your I've tested with half to see if it turns out, like any investment at greater risk greater reward.

[Dolarin]

This is obviously a stupid idea. Any investment has risks, especially investments in cryptocurrencies. And risking everything is obviously a bad idea.

[skip60]

If I were you I would think twice. Investing is a good idea, I believe in crypto and I think you ll definetly benifit. But investing ALL you savings may not be wise.

 Go slow, invest half of it. See what's going on. Plus important thing is to understand that crypto can be long term investment. You may be not lucky to get a good profit quick.

It takes time. Crypto is unpredictable. There are lots of bad alts. Be extremely careful, read a lot before making your choices. If you do well than continue you researches. Be ready to win a lot and lose a lot.

Good luck with your choices.

[Action Gamble]

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

I don't advice you to do this is very risky, specifically when you put all what you have, crypto world is not stable no body knows what will happen in the next year, maybe it will just disappear, the future of crypto is still not clear yet.

[goku1525]

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

I don't advice you to do this is very risky, specifically when you put all what you have, crypto world is not stable no body knows what will happen in the next year, maybe it will just disappear, the future of crypto is still not clear yet.

Before you invest all your savings make sure to have a deep knowledge in crypto, you can invest even a small capital in any coin then if you believe there's a improvements which is called as profit then it's up to you but I would like to advice you to invest in different coins that are affordable and most leaded coin in crypto.

[Genemind]

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

Of course it is not. Never ever put all you money in just one investment. Invest what you can afford to lose, cryptocurrency investment is full of potential as well as risk. You can either go rich or end bankrupt in just a matter of time. Sometimes it will take months or years for you to earn decent amount of money, you still have to pay your bills, so don't put all your savings in crypto.

[Maximal-Ether]

It is certainly very risky, as for me. But if cleverly dispose of their investments. They will always bring only success and profit. Therefore, how safe it is depends on us.

[whyrqa-1]

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

I don't advice you to do this is very risky, specifically when you put all what you have, crypto world is not stable no body knows what will happen in the next year, maybe it will just disappear, the future of crypto is still not clear yet.

Before you invest all your savings make sure to have a deep knowledge in crypto, you can invest even a small capital in any coin then if you believe there's a improvements which is called as profit then it's up to you but I would like to advice you to invest in different coins that are affordable and most leaded coin in crypto.

you still need to start with something, and even if there are any problems or mistakes, then we will learn from our mistakes and become more experienced. But in any case, you need to take a chance and take a chance to invest in cryptocurrency today, when prices are very low.

[drmasa]

Many people invested all their savings in bitconnect, and now are literally homeless. So when you ask about investing in crypto, how would we know that you arent planning invest on something like that?

[Kasabus]

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

It is a good choice for you friend but talking of your entire saving,  you better not invest them all.  I'm not discouraging you, but the safety of your money especially when you are still learning crypto investment it have a huge risk of losing rather than of gaining.  Anyways,  you can gradually increase your capital from time to time.

[olsyd]

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

No, it's not! There are a lot of stories about people who became bankrupts because they invested in crypto whole their savings, you can find them in Google with ease. Crypto market is unstable, unpredictable, very volatile and isn't regulated by laws. If you want to try your luck you can do this but before imagine what will you do if you will lose all your money

[Ingoats]

At times like this, hundred percent, it would be a bad idea. Risk is obvious since the market value of most cryptos are having a hard time to make a comeback from the continuous downfall at the beginning of this yeat. Assurance of when will the recovery happen is what makes investing at this point , risky.

[aioc]

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

No one with the right mind or who understand or in the right mind will advice you to invest all your money in cryptocurrency just watch youtube videos who lost by investing all their money in cryptocurrency, but if you can afford to lose all of your money then invest, just be sure to pick the right coin to invest.

[trofim21]

Cryptocurrency is a very volatile asset. You must understand that if you invest in cryptocurrency Suppose all your savings. The market is very unstable and you can lose all your money. therefore spread the risks and do not invest all the money in the Cryptocurrency

[coinholic]

This is the dumbest thing that anyone will think of doing. Yes we do say that we need to take the risk if we wanna earn in any investment. But we also need to be smart when doing it. I'm pretty sure you already know one of the golden rules, "Never place all of your eggs/tomatoes in one basket." Also, I'm sure that you cannot afford to lose your entire savings. So we come to another golden rule, "Only invest what you can afford to lose." This is clear and precise..which makes it easy to understand.