Is it safe to invest all my savings in cryptocurrencies

[psycox]

keep investing but also in your calculations. because right now the risk of investing in cyptocurrency is very large and the risk of losing money is quite high and you have to be careful

[newb-dev]

I always thought that it is better to invest only the amount of money you can afford to loose. I believe in crypto but you have to be wise. Invest just a part of your savings, not the entire amount.

[gwaposakon]

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

I think that would be a bad idea, especially with the current market situation. The market right now is so unpredictable that it's hard to do trading and even investing. If you really want to trade or invest in crypto, maybe you should do so partially until you are sure that you will get a good return from it.

[AbyssLagiaz]

What the hell is that kind of idea? Unless you have more partial savings for your "wants", I am pretty sure that you are passively putting funds in the other which is your needs. I don't recommend dealing that much in cryptocurrency, especially if you're just somehow not focusing too much in your income in cryptos. Just save shreds of fiat cash then decide whether you can start trading with that amount. Don't play the "All-in" game in crypto, this isn't the poker game that you would want to lose.

[Prosperityforall]

Definitely not, but you can try this and become lucky or not.
just try it and make your own conclusions afterwards.
Why not?

[cryptonewsID]

I don't think we should invest everything in crypto we need it for our daily needs,
half of us invest in crypto and half in the bank. this is my opinion.

[RobotNIK]

I think yes.  Despite the situation on the market, I still consider cryptocurrency a suitable investment, only I don’t need to invest in just that one!

[conected]

keep investing but also in your calculations. because right now the risk of investing in cyptocurrency is very large and the risk of losing money is quite high and you have to be careful

- The current situation is probably a bell that makes those dreamers wake up, they will understand that the risks from investing in crypto has become too large, it is no longer a quiet place and they can easily make money, it has become the cemetery where buried all those who have blind faith and lack of knowledge in investment. The wisest and most sincere advice right now is that we should only invest a very small amount in crypto then develop gradually over time, put all your savings into crypto has no longer a reasonable option

[rozenkreitzer]

Investing in crypto ... everyone decides for himself, just like everything about personal choice. As for banks, you can invest money in a bank, and you can invest in a crypto)

[Golstrim]

I am thinking about selling my property to invest in crypto portfolio.
I bet crypto can grow like 10-20 x time within 10 years and I will become millionaire.

[red4slash]

keep investing but also in your calculations. because right now the risk of investing in cyptocurrency is very large and the risk of losing money is quite high and you have to be careful

- The current situation is probably a bell that makes those dreamers wake up, they will understand that the risks from investing in crypto has become too large, it is no longer a quiet place and they can easily make money, it has become the cemetery where buried all those who have blind faith and lack of knowledge in investment. The wisest and most sincere advice right now is that we should only invest a very small amount in crypto then develop gradually over time, put all your savings into crypto has no longer a reasonable option

there have been a lot of people talking that must be very careful when investing in cryptocurrency and I think the advice given is quite wise because most suggestions give you to invest a small amount for crypto the reason because cryptocurrency has a greater potential loss. keep your funds safe and always maintain well the capital being invested

[mammoniter]

Definitely no. Its not advisable to put all your savings in cryptocurrency because the nature of crypto is very unpredictable. It changes everytime and you might lose everything if the market goes down. You should just put some a portion of your savings in crypto. Put only an amount that you're willing to lose.

[nicecrypto]

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

If you think it is what you think you can afford to lose and I am guessing this is not the case since we understand in crypto we are always advised not to invest what you cannot afford to lose. So that said, I would advise that crypto is a good thing to invest in anytime however I think you should think of what percentage of your savings that is and really check which project is worth investigating in. So I would say again it is not wise to invest all your savings in crypto.

[BlackPanda]

No, I think you should share the portion of your investment. You can choose 50 percent to invest in crypto and the rest you can invest in the real world. I think it will be much safer because basically we don't know what will happen next. Conditions can change rapidly and we must be able to avoid any bad risks that might occur.

[gogrowglow]

I suggest,  do not   invest all your savings here in cryptocurrency, due to its volatility, it is very risky to invest all your saving here.  As the favorite saying in this  forum,  "Invest only the money you can afford to lose",  this is very true  because if you are not  lucky enough, you might go bankrupt and the future of your love ones may be jeopardize in the process.  Why not play safe, one half of your savings, invest it here in cryptocurrency and one half invest it in a tangible asset like real estate or put up a business, like store, that way you do have to worry about your  future and the future of your love ones.

[yingfeng]

No, cryptocurrency is a high-risk investment. There are very big risks. But you can also earn a lot. You can not invest all your money in cryptocurrency. In general, always invest as much as you are willing to lose.

[kostepanych2]

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

I think it's absolutely not wise choice to invest ALL savings in cryptocurrencies...
It's a very risky investment...
So invest only amount of money you not afraid to lose...

[#Darren]

It is not safe to invest all of your savings. Try to diversify your funds into 20 small parts and invest each one in different sector. Thats would help to reduce the chances of getting scammed and you will save a great sum of money.

[sidebyside]

I think you should invest money electronically. But it depends on your economic situation. The market is always volatile and the value of altcoin is very volatile. So, I do not want you to invest all your savings. You should invest half of your savings into electronic money.

[Korkorjkk]

It is not safe to invest all your savings in cryptocurrencies.  You should divide your savings and invest the amount that you can afford to lose.  The cryptocurrency market is not predictable and you can lose all your money.