Is it safe to invest all my savings in cryptocurrencies

[ligerti]

I believe that today investments in various cryptocurrencies have become a unique, very useful opportunity to generate income. But in any case - you never need to invest all your money exclusively in one direction. I am sure that you need to distribute your money in different directions for investment, and not be limited to working with the crypto market.

[kolsernik]

Recently, interest in cryptocurrencies has increased significantly.Due to the fact that the capitalization of cryptocurrencies is very large, respectively, for many it is a very good opportunity for investment.To approximately compare the income from the storage of cryptocurrencies in the Bank and in the cryptocurrency, I will give 1 example.Keeping your money in the Bank you will receive a maximum of 12% per annum of your amount.By storing in bitcoin (drawing an analogy with prices in the past and present year) Your funds would increase by 50%.This is the simplest example.The possibilities in cryptocurrency are much wider and 50% it can be the smallest percentage in relation to the fact that you can earn the maximum.This you can see by going to the successfully conducted ICO last year and see how much they gave X.

[rasmadisulaiman]

I think you have to share it, between savings and investment money. I think if you invest all of your savings into cryptocurrency, you don't have spare money for your daily living expenses, if something happens. In conclusion, you must separate between savings and investment money.

[ethereumhunter]

I think you have to share it, between savings and investment money. I think if you invest all of your savings into cryptocurrency, you don't have spare money for your daily living expenses, if something happens. In conclusion, you must separate between savings and investment money.

That is right, so you don't have to use all of your saving to invest in cryptocurrency. You need to think about your life too and not just for the investment. How can you continue your life without having money to buy your daily needs? It is important for every people who want to invest in cryptocurrency. I hope that you can decide with wise so it will not impact your daily life.

[Mia Wallace]

Your confidence in the crypto currency and through the above to make quick money is good and appreciable but it will not be advisable to invest the entire savings in crypto currencies.This is a technological transition period so which can change to any level. The technological developments can supersede the current form of proceedings so it is advisable to schedule the savings to split in different ways to invest and make money. Crypto currency is the modern form of economical systems and found suitable to the modern era.

[andyge]

It is safe to deposit all of your savings in crypto currencies. I think the local currency we keep in the bank is not safe. The Bank assures a certain limit. The money above the limit is not protected by insurance.

[Bakugan]

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

I dont think that it will be good because as experts say we must invest our "extra money" not all of it. Because you dont know the consequences of your actions or the result of you decisions. But if that is your decision then be strong.

[iyke12]

I will advice you from my heart, Do not invest what you cannot afford to loose . Not like crypto is a gamble, but you can't put all your eggs in this very basket alone . Try to find something else to also invest in .

[Robert de Crypto]

Don't be careless in saving all your money in crypto. wise in investing. investment in fact always has two conflicting sides. advantages and disadvantages. You have to think of potential losses not only profits

[yukihirasouma]

before you invest in crypto you must know the risk about crypto.
if you want safe better in bank.
crypto use the your extra money because crypto risky if you don't know about the risk.

[rltim555]

it is not a wise choice, by the way I've invested all my money in crypto.
i've already lost all in margin trading and I am ready to lost all again, but finally I will be rewarded let's say in 5 years, while crypto will make 20x

[coinic]

it is not a wise choice, by the way I've invested all my money in crypto.
i've already lost all in margin trading and I am ready to lost all again, but finally I will be rewarded let's say in 5 years, while crypto will make 20x

As you look in market still market encountered dump ,I think it's not safer to put all your savings here because this is an decentralized investment which no stable price for you to make sure halve your savings and the other is involve in investment maybe there are potential to grow more.

[wewe123]

If you not really familiar or you have knowledge in cryptocurrency , it is good to invest for an initial sum of money to cryptos , do not just invest all your savings to cryptos ,make some more observations for your cryptos to grow and gain ,before making another decision to fully invest your total savings ,if you see that it will really profits.

[aprilnot]

I warned you never to do that. but if you want to burn money it's okay. putting all your money in crypto is something crazy I've ever heard. in the past few months many people have complained because of losses. can you imagine if they put all their money in crypto. some big problems that must be borne in order to smile again.

[andrej.safronov.1990]

All the savings just not worth it to invest in the cryptocurrency. Invest only the money that can afford to lose. Of course, in the future, cryptocurrency will be the same stable as the banks, but it will be in the future.

[kevinzxz]

It is true, crypto is the right choice to save your money so that in the future your money can become more (profit from investing in crypto), but my advice is better you invest in the top 10 cryptocurrency because it is safer and definitely gives you profit.

[RoftheN]

Not at all, if you are doing that then you are taking a very big risk which I would not advice you to do, there is no way that you can tell what is going to happen to the price of the coins and if you put all your savings and something happens that you need money for then what? Just put a portion of it into cryptos and keep the rest in fiat in case of emergency

[Papcio77]

Not really a good idea mate, there are still possibilities of lossing money here in crypto. Wrong decision like buying a coins which not worth to have can end up lossing all your funds. So just put some money and try if you were aware enough on crypto currency. Feel it and learn

[abake]

Let me give you my candid advice. We all are aware cryptocurrency investment is cool but risky, so considering the fact that there is more investment risk compared to keeping FIAT, I would rather say you keep both crypto and FIAT and not investing entirely or solely on crypto. You don't keep all your eggs in one basket.

[opv321]

Bitcoin/crypto is a much a bigger concept for people to fathom. Once people do have an understanding, I still believe the UI/UX around purchasing and storage is still not simplistic to gain mainstream adoption.