Is it safe to invest all my savings in cryptocurrencies

[vanya.pronin.1983]

It is never safe to invest everything into one single industry. But if you want to take the risk and to invest all that you have in crypto, try to invest in at least 15-20 projects to reduce the chances of getting scammed.

[jojowar]

It is not safe to invest all your savings in cryptocurrency but the best choice is a part of your savings MUST invest in cryptos then the other part maybe make or establish your own business.

[elzjmirra]

If you want your money to grow more, it's better to invest in Crypto. The crypto market is very large and has a very large volume of buy and sell transactions. And this is a very wise decision and many people get rich because they trade in crypto.

[syypro]

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

This is a very risky move. If you do not have a friend who could advise you on trading in CryptoWorld, I would not advise you to invest in Crypto.

[oxoxoxox]

You should not use all of your savings on cryptocurrencies because it is not as good as it seems. Many investors go bankrupt every day because they blindly invest in cryptocurrencies!

[beehimneff]

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

I think that if you choose between a Bank and a cryptocurrency, the choice is obvious. Only on the condition that you buy cryptocurrency for a long time, because at a short distance cryptocurrency can lose to the Bank.

[kdiag]

any investment implies risk, and investment in cryptocurrency is more risky but also more profitable compared to keeping it in the bank. in investing in cryptocurrency, the choice of a coin and the correct entry point are important.

[retnoanjani]

Of course not. You must consider risk factors, so you must prepare plan B if something bad happens to your assets in cryptocurrency. As we know, price movements are difficult to predict, although they can be analyzed sometimes unexpected things happen. So divide the assets that you have in accordance with the portion that is sufficient in your opinion, partly in fiat, and partly you can invest in cryptocurrency. I think it's safer.

[doroshok2]

There will be no definite answer. Keeping money in the Bank is more secure, but the percentage of keeping money is very small. On the other hand, if you keep money in cryptocurrencies, this is a great chance to increase your savings, but the risks that you will lose part of the money are much higher.

[sallasvve]

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

Now the world CryptoWorld associated with great risks. You can both earn a lot of money and lose. It's your choice whether to risk it or not. The main thing is not to invest all your money to stay with nothing.

[KolayZdun]

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

It is great that dreamers are still amoung us, but you shoud better spend all your money on charity, because we do not know what will happen to market.

[Monro3000]

If fast Bitcoin transactions are of interest to ordinary people and they want to change their attitude towards fiat money, then crypto has a great future. I am ready to transfer part of my money to crypto.

[bitcoinst]

If you want to put all your savings at risk, go ahead. Keep in mind that the% on which the market will change will have a very strong effect on your psyche, both in case of growth and in case of recession. Both situations will lead either to depression and mistakes, or to euphoria and even bigger mistakes. Keep it in mind.

[Troysen]

It depends on where you are, if inflation eats your savings is better cryptos, but you also have to take into account that to keep money you need stability and that is something you will not find here for now, so do it at your own risk, always taking into account that you can lose it or duplicate it.

[BobBct]

It depends but dont invest all of it. because if there is an bear market and you need money for an emergency you will have none, so i recommend about 60% of your savings but it depends on how much it is.

[rafi035]

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

maybe by investing everything you have for investment with crypto currency you should consider all the risks that will be obtained in investing my advice invest half for crypto currencies and half your real investment

[minttop]

For sure no. Crypto currency is a risky asset and the best solution is to split funds between several sources of income.
I would share between crypto, stocks, gold and assets

[santino11]

Investing is not secured as it is also like gambling.
we dont know the market and it can slide or rise.
Never invest all your savings on anything make sure you are safe for your future.
Though we all know that greater the risk will give more profit.
But still, better be safe than sorry. cryptocurrency is unpredictable and we should make research as always!

[Andrey13101991]

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

at the moment, the risks of losing money in the top 100 coins are not very high, because prices are now very low. risks are high in margin trading

[jackflag]

Investing is not secured as it is also like gambling.
we dont know the market and it can slide or rise.
Never invest all your savings on anything make sure you are safe for your future.
Though we all know that greater the risk will give more profit.
But still, better be safe than sorry. cryptocurrency is unpredictable and we should make research as always!

Many professional financial funds consider cryptocurrency one of the most risky investments. And they are right. What other asset in the world could fall by more than 50% in a week. Be very careful, sure that the current bear market is still able to surprise.