Is it safe to invest all my savings in cryptocurrencies

[hanlap]

If you invest all your savings in cryptocurrencies. I think you should invest at right now when the market is red and Bitcoin price is only $ 5400. It will increase again before Christmas day.

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[simplelove]

I think that investing all your money in Crypto, it's a very wise and very safe choice. Because I think that so your money can continue to grow and you can also make a profit. With you buying several coins included in the list of the best coins, you can benefit from long-term investments.

I am afraid I disagree. How can you put all your money in one thing? What do you do if you need to pay somewhere there is no crypto accepted? What if the cryptomarket defaults or you just lose on crypto, which means you will lose everything?

[mbluxs]

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

tidak bisa diselamatkan karena risiko yang bisa akan kecil
kalo anda meminta pendapat, saya akan menyarankan Anda menyimpan dibank karena seperti yang saya katakan tadi diatas, saya sih yakin uang akan aman disana

[Andika23]

I think for those of you who are just entering the world of cryptocurrency it is better not to invest all your money in cryptocurrency, it is better to invest part of all your money, because if your investment fails you will lose all your money, do not I suggest investing in ICO you have carefully developed in the future of the coins you buy. Never make a mistake to make a decision because if you are wrong it will be fatal. You must be more careful in choosing the ICO that you will invest.

[knightmairesaint]

Even the best crypto traders play safe with their savings let alone plunging their lifetime savings into it.

What i mean to say is that plunging all of your savings into cryptocurrencies is a bad idea. Start with the amount that you can do without and make out a plan to grow it into that Vault of crypto you've always wanted it to be.

Cryptocurrency remains the fastest way to loose a million dollar and also the fastest way to gain such amount.

Kindly apply due diligence in all you do.

I agree with you, nonetheless if you put up all your money into crypto, you are risking it all with a 50-50 of chance of loosing and gaining. As mentioned above, though it is faster to gain more money, the risk of the market fluctuating exponentially is much more alarming. After all no one can predict if the market will continue to rise, halt and fall.
The safest and smartest way is to set some into crypto investment and the other is for backup if anything goes wrong making you not getting into a financial trouble. It is not a bad idea to gain a little but loosing a lot is very worrying.
So, in short dont be too greedy and betting all your asset just to gain more, the risk is bigger even though its 50-50.

[CoinCowgirl]

If you ask my advice, i will say to you, don`t do that! And please for your own sake, never invest money what you can afford to lose........good luck!

[darefreads]

I don't think it is safe to invest all of your savings in Cryptocurrency because we know that the market is hard to predict if the value of any currency will increase their value in the market and I think it is better to invest when the currency has their own stable value but it is your decision if you have a trusted currency that can make it grow in the future it is the great strategy to make your investments grow.

[DeKingCrypto]

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

Please I would advise you do not try to do this you are thinking, some experts says cryptocurrency investment is 50/50 which means you can profit or loose, sometime it could be everything you invest especially when a project turns scam.

[Trixie28]

I would suggest it is not safe to invest ark into a cryptocurrencies. I would put money as an investment, but not in full so that I do not regret in the end. Investing is risky, but if you think it will you a good profit then you may continue with it. We should enough research and study on it.

[popolite11]

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.

The probability that you will earn much is also high. Everything will depend on the choice of the cryptocurrencies. Meanwhile, do not invest all of your money only in the crypto. Buy some gold, for instance.

[george_hured]

No, security in cryptocurrencies and in investing in cryptocurrencies is not and will not be until investing in cryptocurrencies is regulated at the legislative level, do not you understand this?

[babyxxbaby]

Why not? Crypto is the main way that is developing so fast now among similar technologies. I prefer this one because of its stability and bringing something new and useful for the whole world and it is changing us too. I Like crypto more than banks because I can trust crypto, because I can control all my moves with money here.

[goodluck0319]

you always need to distribute your portfolio. no need to try to guess what will shoot and what-no.

[chrismartin]

Putting your savings into cryptocurrency is a risky doing mate, by investing into crypto, lets think thats those investments are worth to loss. We could not perfectly predict the outcomes or those prices in the future. And if you truly believe in crypto, then go mate. But make sure its for a long term holding because right now prices are too much low.

[arikassuja]

for investment you should first know what the risks are if you invest in cryptocurrency because cryptocurrency has a very high risk and can make your assets burn out but it can also make you rich, so if you have money that is not too used then invest in cryptocurrency is a smart choice.

[Rafiqul]

I think it is not safe to invest all savings in cryptocurrencies. Because invest in crypto is very risky although it is more profitable. It has no guarantee for any profit. So you can invest a part of your savings in cryptocurrencies.

[anobtc]

I think you should stay out and learn about this market for a while before deciding on investing. Researching and choosing a proper time to participate is much better than getting involved in it right away.

[memFISTO]

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

Risk is extremely high, a lot of people had told you this, but what if you will manage to get the right investment point and make a forutne during several days.

[Anies_Sandi]

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

maybe for now banks are still the best choice because the government in my country is still banning transactions directly using crypto currencies and there is no guarantee of security in saving our assets in investing

[rachman mahesa]

For security it is certainly very safe if you move money from savings to cryptocurrency. But for the price or amount of money it will change according to the price of the coin. So you can get an advantage if the cryptocurrency coins increase in price.