Is it safe to invest all my savings in cryptocurrencies

[Shinpako09]

All investment comes with risk even you invest into those leading coins. Risk is always there no matter what you do but you can lessen the risk by investing only to those leading coins. If you still have doubt, much better if you don't go all-in. You can still earn without doing that.

[Enataramel]

Investments cannot be protected. Any investment can turn into 0 or into 1,000,000,000 dollars. So the economy of investments works.

[ui_zakharchenko]

I think completely give 1 is very dangerous in any case. I would have agreed to it if I personally knew the CEO of this company and he was my brother.

[prashanta]

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

Do now not try this to endorse me. it's miles safe to preserve a few money inside the monetary group. perhaps crypto is in reality worthwhile however making an investment in cryptos is a first rate possibility to make investments inside the account. you can lose all your cash when the marketplace starts offevolved churning. So it's safer to hold a number of your cash in a bank or several finances. maybe wealth or some different aspect

[TDR87]

Never invest everything in to one basket, successful investing happens when you spread it out. Crypto, Gold, Real estate, Stocks Etc

[akishang]

I don't think so  Savings are used for emergencies and if you invested on crypto, you will be pressured to make decisions since you are using the money you need. Also if there is the time that you will be needing the money, you will be forced to sell even if the coin price is low. Marc Cuban  the billionaire says that the golden rule will always be "Don't invest the money you can afford to lose".

[akihiko]

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

i bet you have to analyze all the details before investing to something. make some research my friend.

[inanilujimi]

if you are ready to lose all your savings money there is no problem for your choice, but for me personally it is not very advisable to put all the savings into crypto.

[honghe99]

If the money you invest is long enough to maintain the price of a cryptocurrency, then your investment can be safe, otherwise you may go bankrupt!

[bitcoin31]

Investing money in cryptocurrency good way to earn money but it is also cause losing your money to because price is not stable mostly price decreasing and increasing and you didn't when the price increase or decrease better if you have money on bank and also to cryptocurrency in case whatever happened to crypto coin that you help you still have money in a bank that can help you to recover from losing money in crypto

[Pr0st0Pr0be1]

It's unsafe. Imagine putting all your savings on the street in a drawer . Do you think they'd be there for a long time ?

[terencio]

It is very unsafe, what if Crypto will experienced  the dotcom crash, can you handle it or fall in the cliff? Investm but don't invest it all so you won't lose your sleep at night.

[RuJuliette]

To invest all your savings in only one kind of assets is not sure it all! If something goes wrong, you will lose everything! But imagine you invest in 5 different assets like gold, cryptocurrencies,real estate, shares, fonds; so if by one of them something goes wrong, you still have 4/5 of your investment.

[mdenys]

No,I wouldn't recommend you to do it,as for me it s too risky,it is not the proper moment nowdays,all crypto is still down,but maybe in a year or two such an action will make sense,so you would better wait and accomulate more money.

[pelumi20]

It is not safe to invest all your savings in cryptos, you don't put all your eggs in one basket (especially a shaking basket). The crypto market is very volatile in nature, so investing all your savings in it is suicidal.

[francedeni]

All your money isn't safe or shouldn't invest in Crypto. You should invest which is you can afford or hold for long time. In Crypto you could benefit if you're a long term investor

Investing all of our money in crypto is not really safe we have to be careful in investing all our savings. Let us be wise enough not to invest all although in crypto a huge chance to earn and grow our money. Invest on what you can afford to lose.

[yora12]

according   to  me  to  invest  all  of  your  savings  in  cryptocurrency  for  me  is silly  idea  because  it  is volatile  marekt  and you do not  know  what will happen i would  never  do such a thing.

[calandra78]

you have to make sure about your choise, crypto investment are risk, but if you sure and do that , not posible you can make profit to the future. before that, look at crypto market first, analysis what you want to buy.

[losiva]

It's really a bad idea to put all your savings into crypto currency, though cryptos is a good thing but there are many risk associated with it, even if you want to make long term investment, it's risky, any thing could happen, It's better you invest only what you can afford to lose.

[brocardinf]

Why all beginners forget about diversification. Now in every subject it is mentioned, but the feeling that people don't want to see and understand.