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Topic: i think to store my salary in crypto wallets. it's good or bad decision? - page 4. (Read 655 times)

full member
Activity: 798
Merit: 103
That's very risky. Good or bad, i don't know. It could be bad for you if you need the money and XRP price decreased, but also good if XRP price increased. Everyone is responsible of his action. It is gambling...
newbie
Activity: 56
Merit: 0
never use money that you can not afford to lose to invest
actually that is an old advise that I hear a lot from this forum
salary must use to what it must to do
if your basic need already well funded, than use the rest to invest

that is my opinion
jr. member
Activity: 88
Merit: 2
Not all of your salary, put in crypto curremncy only that sum of money that you can allow yourself to loose. Don't turn crypto currency into financial pyramid and never do something like selling a car or a flat to buy Bitcoin. That's nuts.
full member
Activity: 154
Merit: 111
Well if you did your research or study about that coins before placing all your money in crypto wallet and you think that coin is worth it then it is a good decision because you know you will earn a huge profit from that. But if you just chose it without any knowledge about it then it is a bad decision. Placing your money in an investment is very risky so you just invest the amount that you can afford to lose and leave a portion for your needs.
legendary
Activity: 2170
Merit: 1789
congratulations you just lost more than half of your salary because the coin you chose (ripple) got dumped hard ever since you started this topic and the drop was big as it always is.

if you ever had the time, check out the history of the coin you want to invest in and you will see there that the price movement is not healthy at all. it is a clear example of pure pump and dump.

that's so bad for the op.
even though he is not investing in XRP, i believe he should not go all-in to crypto with his salary (assuming it is the only source of living for him).
full member
Activity: 406
Merit: 100
I think not of all your sallary will put on a crypto wallets.We can predict if youre money will be succesful or not because value can be pump or dump
brand new
Activity: 0
Merit: 0
I think to store all your money into crypto it could be a bad thing as you are betting on increases and completely forgetting that it can decrease. Only put in what you can afford to lose, that's how I work.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
congratulations you just lost more than half of your salary because the coin you chose (ripple) got dumped hard ever since you started this topic and the drop was big as it always is.

if you ever had the time, check out the history of the coin you want to invest in and you will see there that the price movement is not healthy at all. it is a clear example of pure pump and dump.
sr. member
Activity: 1442
Merit: 265
I think its good as mostly the cryptocurrencies grow well overtime but just holding xrp can be risking, i would suggest you to diversify in btc, ltc, eth atleast.
full member
Activity: 854
Merit: 103
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 all my salary to be stored in one cell is too dangerous. It is necessary first of all to allocate some part for own needs, and the rest to distribute in different baskets
jr. member
Activity: 63
Merit: 5
I would save keep some cash in case of rainy days dude. dont put all your eggs in a basket.
This - very sound advice. Smiley And dont "invest" money you can't loose. Smiley
full member
Activity: 137
Merit: 100
I would save keep some cash in case of rainy days dude. dont put all your eggs in a basket.
sr. member
Activity: 938
Merit: 251
I will advice that if you are converting your fiat salary in to cryptocurrency, make sure you put your fund in bitcoin and ethereum! Ripple is not a normal cryptocurrency in a sense. Investor could be played out by centralized system of ripple and the scheme could crash!
member
Activity: 154
Merit: 11
it's good because you'll somehow earn from it. however, you have to take extra good care of your wallet because there is possibility of it to be hacked and your money will go down the drain.
member
Activity: 224
Merit: 10
The Experience Layer of the Decentralized Internet
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 don't think it's a good decision because the cryptocurrency market is now saturated, so it's likely to fall.
jr. member
Activity: 68
Merit: 1
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


Maybe some but not all specially if it  is your only income...
full member
Activity: 756
Merit: 103
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
You are doing right thing presently it will grow for future and later it might reach $50 to $100. Good luck for your investments.
full member
Activity: 448
Merit: 100
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

Yeah you sure are in the right direction but never put all your eggs in one basket.  I suggest you invest in other top alt coins
full member
Activity: 560
Merit: 100
Never. Cryptocurrency is very volatile and it is very risky to put all your money into cryptocurrency.
The golden rule: Invest what you can lose. Invest some money, learn the game, then this will come a second source of income for you.
Not a wise decisions to put all your salary into crypto wallet. Yes it is very volatile also always think of to be safe your money in other investment. It is also good to invest in different worth return of profit.
newbie
Activity: 47
Merit: 0
Never. Cryptocurrency is very volatile and it is very risky to put all your money into cryptocurrency.
The golden rule: Invest what you can lose. Invest some money, learn the game, then this will come a second source of income for you.
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