Is it safe to invest all my savings in cryptocurrencies

[kidbounty]

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

it's too risky, you'd better rethink your plan. crypto is currently in difficult times. if you don't want to lose your money better don't do it.

investing in crypto is good, but putting all your money into one coin is something different.

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[Litefoxx1698]

At this time I don't think thisis a good choise because as we can see market is going down. So banks are the best alternative now.

[Gandam23]

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

It actually depends on how you manage your money. If you do research in every ICO you are investing in theres nothing to worry about that actually you can see if that is a scam or not in their platform if you can see that theres a big possibility that their project will succeed maybe that the time you invest.

[(o)(o)ilikeboobs(o)(o)]

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

luckily you did not put all your money into this market.
this, and maybe next month is the time to invest. cause BTC price is so low right now, and it might dump once again

[Linhkej]

I think that's not a good idea. The market is unstable, is fluctuating abnormally. I think this is not a good time to send money to this market. At this time, the risk is very high. In this market you should invest in the long term and hopefully it will recover in the near future.

[kanmo]

Its not safe to invest all your savings in cryptocurrency at all because crypto is volatile in nature and its difficult to predict what happens in next minute in crypto market. If you invest all your money in crypto and you really need money in a situation just like the current dip then you will be forced to sell at loss.

[humantraffic]

I think that is not a good idea, the cryptocurrency market is very volatile. If you want to keep their savings in the cryptocurrency, then choose bitcoin. I'd split 50/50 of my savings if I were you.

[Barbatos]

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

Why do you want to become poor so desperately? I cannot get a point of investing your whole budget in something so unstable.

[Chomsy]

Hmmm.. Seems village is calling you. How can you think of investing all your savings in crypto? Haven't you heard of the saying "don't put all your eggs in one basket". Split your savings, invest some in crypto and look for other physical investments too like buying a landed property.

[yingfeng]

No. Cryptocurrencies are very high-risk investments. You can earn a lot of money here or lose everything. You have to be reasonable in investing your money.

[gurupauts]

it's up to you, but you should know that crypto currencies have a big risk and crypto prices are difficult to predict, so think again and be wise in making decisions

[cepot9]

this is something that will make a person experience stress because of losing their money especially that is saving money, you better invest with the real thing don't invest it in crypto except that with more money you have. this is very risk

[Golstrim]

Tell me, which options except crypto do you have? Where would you like to invest except crypto?
Are there such opportunities?
What is ROI and risk in that alternative investment?

[Xising]

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

I would not agree mate. The operative word their is "all". I mean, it's still better to have savings rather than putting it all on cryptocurrencies. I say that because this market is not reliable, and most of the time, it experiences losses that many investments like you and me need to just swallow. Therefore, if you will put everything in it, and in the event you lose everything, I don't know what you would feel that all your money has been lost. I mean, I know that part of investing is embracing the negatives, but then, you should try to be practical here mate. There's no sense putting more risk than there is already by way of investing all your savings.

[Connectivity]

I think you should only invest money, you don't necessarily need on short term. There is this familiy in Holland who have sold almost all of their belongings to invest in Bitcoin. You can imagine how they are feeling at the moment...

[dio1715]

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

It seems to me that storing money in crypto is not a good idea. The market is very volatile. This is too risky investment. The bank gives you the right to a small but stable passive income. Crypto is the complete opposite. You can make good money, but you can lose all your assets.

[bitjoin]

I see investment in cryptocurrency very promising, besides that it's quite risky too, from that I suggest that not all of your total capital invest in cryptocurrency at least half of your total capital, I say so because habits will definitely have special needs in economic terms so we don't need to sell coins first because we still have the remaining savings we can take to wait for the investment we get profit.

[sergeykravchenko1959]

I believe that investing in cryptocurrency is a good opportunity to get a big profit, because it has a great future. But to invest all your savings in crypto, which is subject to high volatility is not very reasonable. The investment portfolio should consist of several coins, as well as cash, in order to reduce the risk of losing your investments.