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Topic: How safe is it to put everything in one cryptocurrency? - page 21. (Read 3727 times)

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
It is not at all recommended to put all your savings in to just one asset. The experts say to diversify your investment on to various assets so that when the price drops, not all of your assets go down in value.
You might have heard of the phrase " Don't put all your eggs in one basket" applies well here. If you put all of your investment in one asset you might end up loosing a significant portion of your investment if that asset crashes in price. So that's a very risky thing to do.
jr. member
Activity: 168
Merit: 2
It's usually recommended to keep your funds in different coins. If on one of them you lose due to price drop, then the other/others may override these losses.
Holding everything in one coin makes sense when you have reliable information about its rapid growth.
full member
Activity: 518
Merit: 100
It is not adviceable to put all your eggs in one basket! The risk is not just worth it. The loss do happen and things may not turn out as planned sometimes. What will you rely on in case of emergency!
hero member
Activity: 980
Merit: 523
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
Definitely too risky Cool. You should not even consider such a thing. Putting all of your money into anything is a bad option.
I have been talking about how we should improve our portfolio by not just getting bitcoin and other crypto currencies but also getting into stuff like stock markets and so forth so we could definitely increase the security of our portfolio because having one thing really hurts it.

Right now, having just one crypto currency is exactly the opposite of what I have been saying for all these time, I would suggest not only having 10+ coins in your portfolio I also suggest having 10+ stocks and a small number of gold divided equally. That way you can have one bad day on one of them but get better on others and so forth for years and in the end you will be the one who will profit from less risky moves.
jr. member
Activity: 199
Merit: 3
I cannot guarantee safe or not, if you store everything in one cryptocurrency. Investing requires learning or knowledge. What I know, the world of investment is full of big risks, but in the investment world you can also get big profits.
member
Activity: 267
Merit: 10
I think we can diversify our investments and find suitable portfolios. Reduce your investment risk. Before investing, you must study the project carefully. Investment impulse will easily make you lose money.

sr. member
Activity: 700
Merit: 260
safe or not, in my opinion it has become your choice to invest, but I suggest please be consistent to stick to one coin Cryptocurreny, but before investing don't forget to analyze it first
sr. member
Activity: 490
Merit: 250
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Keep all the money in one cryptocurrency in any case I do not recommend because the coin for example can be removed from some stock exchange and you can just instantly lose half of your money. It is better to invest in at least 10 altcoins, so you will reduce your risks
member
Activity: 364
Merit: 10
Do not put all your hard-earned money in cryptocurrency. Always consider it as a second investment, as this is a risky zone. Investing all your money is not secure as the market looks volatile.
sr. member
Activity: 770
Merit: 250
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
IMHO, that is totally unsafe, cause we can't really know the future of the coins that hold all our fortune. Cause in cryptocurrency everything can flip upside down in an instant, so having a backup in several cryptocurrency would be the best decision to make.
jr. member
Activity: 434
Merit: 2
I will advise you spread it all over different coin that have prospect, do not invest all in one,no matter how confident you are about the coin,it is safer to have it spread over different coin.
member
Activity: 602
Merit: 10
I think you better share your money in some cryptocurrency and never save your money in a cryptocurrency, because it's at risk of losing.
full member
Activity: 490
Merit: 100
I would not do that, because it seems to me that today people still have a very big opportunity to lose their deposit, if people ask about it, I think that they just don’t understand why this is happening.
hero member
Activity: 868
Merit: 502
This is a very bad idea to invest everything in one cryptocurrency. During the whole existence of cryptocurrencies, we can conclude that cryptocurrencies have always been volatile. Therefore, having invested all my funds in 1 cryptocurrency, the probability of losing all of my savings is very high. My strategy is 50% in Bitcoin, the rest 50% in perspective altcoins.
full member
Activity: 370
Merit: 100
It is safe when you know what to imvest and also it is good when you know that cryptocurrency very well like ethereum if you truly believe on it that would be good and also i prefer to invest in other as well
full member
Activity: 468
Merit: 100
The world’s first Play, Learn and Earn
It is not safe at all! If you want to put all of your money in 1 crypto,then put your money in bitcoin or in ethereum.
Both have biggest capitalisation and I consider them as stable
sr. member
Activity: 714
Merit: 250
To place your investments in one place is always a bad idea, not only in the cryptocurrency market. Moreover, the main feature of the crypto market is more volatile , ie the possibility to obtain a large and quick profit and quickly lose their investment . Therefore, I advise to spread your investments in multiple crypto coins , be sure after reading about them before.
sr. member
Activity: 532
Merit: 250
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
the risk of investing in cryptocurrencies is a security factor if cryptocurrencies have been recognized all over the world as a valid currency, of course security can be guaranteed for now, only our own security guarantees make it
full member
Activity: 952
Merit: 107
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
Sure, there are a lot of times this topic already discussed. I think you put all the money in one and two or more currencies whatever it's not full safe.
If you interested go to this plan but you have to more risk even initial money trigger into half or less in any stage. I think you shouldn't play this game with big amount.
When you want to put only one coin for investment for all of your fund,.it is good to get the coin that has potential on the market and your are willing to take long term and ready to take all risk. Many are advising to diversify investment to secure and make safe your funds because different coin has different potential and different time when to increase the price but if you want to take only one, you have to take more potential coin and be patient.
legendary
Activity: 1484
Merit: 1004
I've been thinking a lot about this issue. I heard more than once that many are discussing this topic. Is it safe to invest everything in one, two cryptocurrencies? Or to distribute all the money in all the coins available for this amount?
there is nothing safe if you put all your money in just one crypto, your potential is to lose your money because of the bad market.
Never keep all your finances in one basket, if you experience losses you still have hope in the other coins.
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