i think to store my salary in crypto wallets. it's good or bad decision? - page 2.

ymirymir

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

I think that's a risky idea for you to making. Risking your properties or all of your salary in an investment is not quite a good idea to make because you might face some consequences. Just put enough of your money in it and always leave and enough part for your daily expenses. What if the investment fails? I bet you'll regret it if you'll lose your whole salary. Be sure to make wise decisions.

kodtycoon

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

The decision is pretty good while you save xrp or another coin when you are salary, I hope the same $100 is a great very difficult to achieve that value. But in crypto the hard things become possible even be easy, maybe 100$ will passed.

jasonhart

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If you are doing this then you need to be careful, it might be a safe option but it's a risk. You may want to make some profit from it but there is a chance the price of the coin will drop if this happens then you'll lose your money.

But you can choise several altcoins and the chance of losing your money will be minimal because its almost impossible for all coins prices to drop at the same time.

Rizwan Javed

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I think it's not a good idea at all. Investment in wallet should not affect your daily lifestyle at least.

Freezingel

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Quote from: slcryptoking94 on January 06, 2018, 06:44:45 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.

yummy23

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

save a little or maybe half of your salary to xrp

AravinthP

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BAD DECISION ANY GIVEN POINT OF TIME. Any investment with this risk potential as crypto should have only throw away cash as investment

mia khalifa

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

Saving your salary in kriptocurrency like bitcoin or other is very good because with you save there you can get profit when the price goes up and you are not charged admin fee every month, so you have to save your money like that in order to get a lot of profit Currently you save it in ripple is great because it has excellent developers and teams that fit their technology development plan.

semarmesem195

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I think you are too obsessed into crypto if you put all your salary every month to crtypto. Especially if you have a family then you are a bad husband or parent, because you do not think of your family. The thing you should do is divide your salary for crypto and family finances. That way you have an asset in crypto and no need to fear financial problems in your family.

Singwala

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Wisely, you think, well if you have preserved money for your future. But you should think carefully about what you will do because of the risks involved. You should know that you will buy altcoins and you know every news about it. Before you invest in you learn about the things you should avoid. For your entry into this field you will know what to do

fanbeila

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Quote from: nakamote on January 06, 2018, 07:08:47 AM

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

Thats the worst decision you will ever made,you can try other alts but not XRP it is controlled by the bankers,this coin will destroy our cryptocommunity.

Absolutely.Ripple is a centralized coin controlled by the bankers.So,its not trustworthy.Instead,you could try bitcoin or any other potential altcoin.

But instead of saving your whole salary,you could save to 60% in crypto coins.Such a decision could be taken only by those people who know the potential of bitcoin.

triciaa478

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It is good decision to store your salary in crytpo wallet but I dont think is to be all of your salary. Only part of your salary which is meant for savings should be on a crypto wallet and the rest for unforseen event and daily transactions be kept as fiat.

Malaya

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

I have thought the same too before. However, when you do it you should also consider the risky side of it. Meaning, the value of the specific crypto you want to put your money to is not that really big and it can depreciate the value of your money. However, it could be also a good way to make a valuable asset to earn over time. To be safer on it, do not put all your salary in your crypto wallet.

posi

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

Ripple is a good coin but all crypto currency are volatility in nature which mean you can either gain or loose. If I were you I will split the money into 4 invest one in XRP, one in ETH, BCH and keep the rest because the act of plunge is not good when investing into crypto.

Jonsnowstark

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

That is a good idea but make sure you have enough to finance your daily needs. You really don't have to put it all.in, you have to leave some coz you might need fiat to buy some necessities. In crypto, we don't always get our gains the minute we want to. Sometimes it takes a little more time and sometimes none at all. So what you put in must be something you are willing to lose.

mpufatzis

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If you can pay your rent with cryptos and your bills and generally your living, I think it is an excellent idea.
If not, there is a problem, because you have to make many transactions fiat to cryptos and vice versa.
I think that the best option would be to invest a small percentage of your salary to cryptos and wait until the day everyone is going to use cryptos.
I am not sure if this day is near, but I am very optimistic.

WalkerIVIV

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Quote from: MostafaGamal on January 21, 2018, 05:01:42 AM

This is a reflection of advantages and disadvantages, because it is possible when you need money, the price will be low. What will you do? , But in the long run it can be useful

it can be useful if you are investing or put your salary in the correct form just like major crypto but the risk can't be avoided. Sometimes you will see your amount will drop drastically causd by big bearish of crypto. That's why if you are wanna storing your salary in the crypto should be considered as big risk decision. It's bad.

Tapyaks72

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Quote from: fabuloveu on January 21, 2018, 05:08:01 AM

I like to know how you survive when you put all your monthly salary on xrp only. Firstly investing only on xrp is not a wise investment, you maybe lucky anyway. Secondly how do you survive when you invest all salary on cryptocurrency, or maybe you are not yet a family person. My advice is that you need to hodl some fiat for contigency reasons. Remember this crypto world is still too very young, anything can happen. As for me, I pay myself monthly salary from my investment in crypto to create another physical investment( business). That is the way I moved.

Being a business minded is a good virtue because people like would probably be a successful because aside from being business minded you show also that you are a risk taker. at your young age you also imply and learn financial management you should divide your income according to needs because you should also set aside some of your salary to your daily needs, it is a good idea to invest to a currency because crypto currency has a good future but you should also left some for bad eventuality that may arise because this is always risk involved.

cryptoprophecy

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Bad decision to put your salary into XRP,theres a lot of better alts than this centralized XRP,try to search NEO,ADA,and ETHEREUM these are the most solid coins in the market,just put it in hardwallets to your holdings are secured.

xumit

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Yes, it is a good idea,you can make a profit for long term

Topic: i think to store my salary in crypto wallets. it's good or bad decision? - page 2. (Read 655 times)