i think to store my salary in crypto wallets. it's good or bad decision?

lionheart89

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

if you keep all your salary on the crypto wallet it is bad. you should menyimpan some of your money outside the purse crypto because cryptocurrency is very difficult in the prediction, you can lose or gain profit quickly.

slashz9

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I think it's a good idea to start investing in crypto, but if you invest all your paychecks regardless of your needs, I think that's a bad idea, because I think its growth is a bit long enough so you will not be able to make a profit in just 1 or 2 months.
but as long as you're okay after investing it I do not think it's a problem.

arteezyy

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It is a good idea. If you stored some earnings for your needs and not invested all of your salary in that investment, then it would be a really good decision. Investing in crypto is a smart move. Well you did your research and picked the alt that you think that will pump. Congratulations for making a really smart decision.

mammoniter

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

Much better than just putting your savings in the bank though I suggest you still save a portion of your salary for emergency purposes. Cryptocurrency wallets are much more accessible than banks and do not have a lot of requirements to manage or change plus you can also use it directly anytime you need in the net which also gains profit as you hold though not certain it investment is still much better than just saving money.

fuer44

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

not bad, I think it's a good idea. you will earn a lot of profits if in case the ripple really goes up to the moon up to $ 100. that's what you're investing for, better than you spend your salary on unimportant things.

NataTahur

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The whole salary? I think a bad idea, risky. What do you satisfy your everyday needs? I would distribute the investment for several coins in your place.

UZIzzzz

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I think it's a good decision.
Because 2018 is still a bull market in cryptocurrency markets, I think investing in crypto-currencies will still make a decent profit, which will give you more money to get your hands on. Grin

cheezcarls

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I don't think it's a good idea to store all of your savings in a crypto wallet. The best way for you do it is diversify them. I don't know how much salary you've got there, but here's what I do in case I received it.

50% - Basic household needs (bills, food, etc.)
10% - I donate it to the church
10% - I save it to a bank
20% - I put it to a crypto wallet or trading or investing in an ICO
5% - Give back to the family
5% - Personal needs

This is just my own, and I know we all have different ways to diversify our funds. However, I can't be the one to decide for you. It's up to you if you want to take this advice or not, nobody's gonna stop you anyway.

Denies

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in every investment you should be prepared with the risks you can face at any time. there are many options you can do in investing in altcoin, a good altcoin to invest long term I think is just eth, or you can look for other options. most importantly you always try to do the analysis first.

carlisle1

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

this is a good idea,since xrp now has low price that easily to capitalized,the only problem that i see is,what about your daily need?who will feed you?what about your family dont you have a obligation to them?i try to figure out things before making a decision so no one would be in trouble,or much better make if halfway,out half of your salary and the other half will be your budget,what about that?

akkocoin

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

This is a good decision. I think it is more valuable and profitable than putting your money into a bank. Of course you can also put some of them in a bank or diversify your investment to avoid risks.

anobtc

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I don't think XRP is a good choice, because price was pumped hard. You can choose other Alt in top 10, or find a good crypto in top 30 Grin

hiddenmist

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Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

It is a bad idea if you put your salary in a centralize coin. You need to have an emergency fund first before you invest. That is why you always read the advice "Invest what you can afford to lose". Putting all your portfolio in one coin is a bad idea unless it is bitcoin. As the saying says "Don't put all your eggs in one basket.

hesham51

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All your Salary to XRP!!!
It's really dangerous to do!, only invest in Cryptocurrency what you can lose it,
the best choice to distribute your money among several coins then you will have a big probability that one of your portfolio will pump up and you will win!

legenduim

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Quote from: Freezingel on January 24, 2018, 12:29:56 AM

Quote from: slcryptoking94 on January 06, 2018, 07:44:45 AM

Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future

No, ripple won't get to 100 as the marketcap will be insanely huge, please learn some basic first before investing so you understand what is possible to happen and what's not. Investing some of your salary into crypto is fine but please at least do some research before buying something so you won't be angry if you lose it.

As for me this is not a good decision. Ripple is volatile (oh, sure here I am talking about its XPR coin), and you can lose some money. Now the market is unstable, and altcoins lose their positions. Yes, it is a temporary phenomenon, but it can affect your income if you do what you plan.

lsd400

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It's not safe. There is always risk considering crypto market volatility. Wallet security another will be also crucial. Imo, 100$ for XRP is unlikely. It would take a long time to reach such price.

HongKong

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Quote from: Greenrace on January 26, 2018, 10:23:02 AM

investment in alt-coin is great even if only by saving it in the coin wallet but if saving all our salary would be very risky if alt-coin that we save does not match our expectations

It's not a smart thing for anyone to do if they are working a full or part time job for real money. That money is better spent elsewhere.

Greenrace

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investment in alt-coin is great even if only by saving it in the coin wallet but if saving all our salary would be very risky if alt-coin that we save does not match our expectations

ASHLIUSZ

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Quote from: SiiGLe on January 26, 2018, 07:44:37 AM

I think that is a little risky. It could be a better idea to divide it to couple. Keeping all of them in one place is risky no matter what. I don't know what is amount of money your are talking but still it would be better to split it 2 or 3.

The risk associated with it is very big, because just think about the present price along with the price a month ago. The difference is much big and if one has kept his entire salary in crypto wallet, he'd have ended up with a big loss which might have affected his living. Better is to have a diversified plan to get rid of loss happening as a whole.

SiiGLe

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I think that is a little risky. It could be a better idea to divide it to couple. Keeping all of them in one place is risky no matter what. I don't know what is amount of money your are talking but still it would be better to split it 2 or 3.

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