tldr; crypto is high risk high reward
The cryptocurrency market is simply not stable now because of low liquidity(compared to the liquidity on stocks). If everything goes decently, the crypto market volatility should decrease over time, as more money comes into the cryptocurrency markets.
Right at this moment, the stock markets are probably the worst places to "invest" your savings. This is my opinion, and I believe that we are now in a bear market for stocks, and probably for dollar based bonds.
Definitely. Some of economists have been saying that the bear market on stocks should've happened more than a year ago, even as far as predicting a financial crisss on the US.