Panko1991
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Activity: 7
Merit: 0
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October 16, 2018, 11:18:27 AM |
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Don't do that  There are many other possibilities to invest your savings, but for me cryptocurrencies are the wrong choice unless you know what you are doing. Good luck! |
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Crypto Lady
Full Member
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Activity: 378
Merit: 102
dApps Development Automation Platform
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October 16, 2018, 11:48:55 AM |
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I think that such investments are very dangerous. Every investor should be aware of risk diversification and have several assets in their investment portfolio.
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craked5
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October 16, 2018, 11:56:44 AM |
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that would be a big mistake. no one knows what will happen with crypto market next day. do not hold more than 50% of your holdings in crypto.
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dimox
Legendary
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Activity: 1610
Merit: 1003
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October 16, 2018, 12:06:31 PM |
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Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
i dont think if cryptocurrent is safest dan bank. in crypto, the risk is in your single finger. but in bank, no need to worried about risk. they will make sure if your money always multiple. but in a fact, crypto can make much more than bank. they have own advantage with different method |
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Endorphinity
Full Member
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Activity: 378
Merit: 101
dApps Development Automation Platform
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October 16, 2018, 12:13:01 PM |
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It was profitable last year. Many people sold homes and cars to invest in crypto. They wanted quick money. But the cryptocurrency has shown that it can be very dangerous.
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Russlenat
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October 16, 2018, 12:24:37 PM |
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Don't invest all of your savings to crypto especially this time because it is crypto crisis, just try to invest part of you savings on ethereum and hold it for a while maybe it's a wise move and it maybe worth more than what you expect during the bullrun on this coming months.
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steinkopf
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October 16, 2018, 12:48:17 PM |
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It all depends on whether you are willing to take big risks. I think that in this situation on the market for such currencies such a risk is unjustified and we must diversify the risks.
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anatolij.shishkin
Copper Member
Jr. Member
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Activity: 995
Merit: 1
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October 16, 2018, 01:01:13 PM |
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Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I can’t say with cryptocurrency that the perfect solution for savings. It is only due to scammers. But those who are at risk in our industry can significantly increase their capital. It is a fact. I am sure that on the part of the rich community this is the best solution that the investment market can offer. |
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jambul_kribo
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October 16, 2018, 01:05:05 PM |
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Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I can’t say with cryptocurrency that the perfect solution for savings. It is only due to scammers. But those who are at risk in our industry can significantly increase their capital. It is a fact. I am sure that on the part of the rich community this is the best solution that the investment market can offer. personally it is too risky for us if we want to save our asset on cryptocurrency.we could not predict what will happen in future, i am just curious if someday cryptocurrency suddenly die and we lost all of our money. |
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baby222
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October 16, 2018, 01:07:57 PM |
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There are times when it is very profitable so have investments in cryptocurrencies. It was last year and I think it will be again so you might consider investing a part of your savings to see how it's going.
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vova.andreyan.94
Jr. Member
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Activity: 336
Merit: 1
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October 16, 2018, 01:12:07 PM |
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I think it is not safe. It seems to me better to keep part of the funds in fiatnoy currency, and the other part to invest in cryptocurrency in different coins!
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brenzosa
Jr. Member
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Activity: 162
Merit: 1
GPTCash Weekly Airdrop: https://discord.gg/YHngU9x
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October 16, 2018, 01:15:09 PM |
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It would be wise to diversify your funds into different portfolios. Some in fiats, some in real estate, some in cryptos. For cryptos, you also have to diversify into many coins and altcoins. Maybe half in bitcoin and the other half into different altcoins.
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iTradeBit
Jr. Member
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Activity: 224
Merit: 1
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October 16, 2018, 01:18:34 PM |
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Be careful. You shouuldn't invest everything in crypto.
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tonbit1239
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October 16, 2018, 01:32:28 PM |
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Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Not really recommended. I advice you to invest only a portion of your savings into cryptocurrency. Test the water first before you go full time. Diversifying your into other investment is a better idea so that you won't get broke just in case it didn't go as plan for you in the cryptoworld. Try to make due diligence first before you go the battlefield of cryptocurrency. |
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Vilagra
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October 16, 2018, 04:58:47 PM |
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I think when we speak about crypto word "safe" is inapplicable, you can lose all your savings, if we speak about potential profit/risks we have a good proportion but you shouldn't invest what you aren't ready to lose.
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Karina 3340
Member
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Activity: 168
Merit: 10
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October 16, 2018, 05:06:46 PM |
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I think it is very risky. But if it is wise to invest. I think risks and fears can be minimized. After all, any investment, large or small. Bring success when used correctly.
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poiska7662
Jr. Member
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Activity: 192
Merit: 1
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October 16, 2018, 05:16:05 PM |
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budget your saving for your daily needs and invest only in crypto if you had remaining savings. you can see the market are red its good to invest but save something for your future needs. if everything goes south you have prepared for it.
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romantic007
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Activity: 224
Merit: 10
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October 16, 2018, 06:15:52 PM |
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Yes crypto is a good choice for an investment but don't invest everything. It's more safe to diversify your investments. It's too high of a risk otherwise.
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megaplage
Member
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Activity: 320
Merit: 10
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October 17, 2018, 11:14:05 AM |
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In any case, I will recommend you - no need to do so. Indeed, in any case, investments in cryptocurrency involve certain risks. Of course, this can be a very profitable and promising solution, but the risk of losing money remains. Therefore, in any case, part of their money should always be stored in the bank.
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Volk-05
Jr. Member
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Activity: 434
Merit: 1
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October 17, 2018, 11:32:08 AM |
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It seems to me to invest all my money in a single project is not reasonable and risky!
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