I have approached this matter with a long thought process a while ago. I have managed to save a bit of money for the last four years. I had hoped to buy a house one day. Though house prices rise faster than I can save while my savings have almost zero return and inflation eats into my saving pot. Just turning 53 years old and I discovered the block chain world. Our banking system has failed the people big time. For me it is a no brainer to invest a third of my money into crypto currency. Even if I loose it with a bang it is better than being drained over years with no chance of a good return(ever) The crypto market might crash but will recover because I(complete amateur) believe a lot of alt coins have a purpose and have a value and bit coin is also here to stay(maybe not as number one for ever). Block chain technology is the future(in my opinion) and it will be implemented into our daily life over the next 30 years. I have very limited knowledge as I only started to learn as much as I can in the past six weeks but it is fascinating and it has become my new hobby(..... like learning a new language) The more I understand the less I believe the crypto market and the block chain technology will disappear.
But I think investing is not enough. I recommend to understand in what one invests.
I my humble opinion the choice is:
Put your money in a bank and watch its value decrease year by year
Put your money in shares -probably not a good time as it must correct itself soon but after a correction(crash of some sort) same applies as for crypto market. Buy low sell high. Though dull in comparison to crypto market
Or try something new, risky and unpredictable. Crypto is rewarding but you need strong nerves. Patience and believe(and a bit of luck). And if you know that your coin is worth something and useful than just hang on until it comes up again.
Though it can take a long time for a coin to recover. But it is great fun on a daily base with all its up and downs and a very knowledgeable community.
And if everything crypto coin irreversibly crashes than I hope everybody only invested what they could afford to loose. ...And then move on to something new
But why should that happen. Far to much money involved now to make it disappear and that apart of the technology.