Topic: i think to store my salary in crypto wallets. it's good or bad decision? - page 6. (Read 655 times)
January 06, 2018, 09:04:30 AM
Do you just decided to store it or what really happened, on reading your subject I just couldn't figure out why you are thinking of this. To me if you have other source of income apart from this you can but if not please don't do it.
January 06, 2018, 08:55:13 AM
"Do not invest in something you can't afford to lose". The very basic to remember when investing in cryptocurrency. If you are planning to invest your salary in crypto, you should diversify. do not invest all of it in a single altcoin. At least leave some for your daily expenses. For example, 50% for your daily expenses, then 50% for crypto investment, then diversify that 50% on different altcoins, do not stick to one.
January 06, 2018, 08:12:01 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 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
how much do you allocate your salary?
Why did you choose XRP?
First of all, I want you to answer my question first. Because I think your idea is not so promising more profit. Maybe it's better if you set aside your salary in savings, then when the price is down, that's the right time to convert your money into cryptocurrency. If every week or month you always make conversions using your salary, that means you do not care about price fluctuations. Because you always buy, even at a peak price.
January 06, 2018, 08:04:18 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 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 very very bad idea. You are putting all your eggs into one basket. Do not just focus on the upside but also consider the downside should XRP become worthless.
The recent euphoria behind XRP may be misplaced because the banks are making use of RippleNet and XRP only plays a very small part in the transaction fees if it is not utilised as the token of exchange.
January 06, 2018, 07:59:30 AM
Absolutely not.
Because:
- It's generally not wise to buy a crypto which is bullish right now, or has been bullish for a while.
- You must not put all your money on a single entity (yeah, egg and basket and all that).
- You must not invest any money which you can not lose on the market. So, invest only the money that doesn't kill you if it's gone!
Because:
- It's generally not wise to buy a crypto which is bullish right now, or has been bullish for a while.
- You must not put all your money on a single entity (yeah, egg and basket and all that).
- You must not invest any money which you can not lose on the market. So, invest only the money that doesn't kill you if it's gone!
January 06, 2018, 07:42:29 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 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
don't put all ypour salary into the crypto wallet, put a half of it or just the part of the salary that you can allow you to loose. and go trading, that may make you richer nevertheless you may loose all this funds
January 06, 2018, 07:39:06 AM
You should invest only you can afford to lose, so if you will not be sad if you lose all your investment then it is okay to invest all your salary in crypto.
January 06, 2018, 07:32:26 AM
I think diversification is key. Diversify within different asset classes such as equities, bonds, crypto; and diversify within cryptocurrencies itself. In that way, you will be able to reduce the volatility of your investment portfolio.
January 06, 2018, 07:27:58 AM
it all depends on your choice, because there is a positive side and the negative side of keeping your salary in crypto currency, the positive side of keeping your salary in crypto currency there is the possibility of your money will increase and growth, because we know crypto currency is very volatile the price is changing fast, because the price changes have an impact for your money, which is stored in crypto currency, and the negative side you can lose your money, because crypto is a place for your money to decline, I personally do not want to take risks like that, you better save it for emergency needs and the other you save it in crypto currency
January 06, 2018, 07:21:20 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 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 the whole salary, there is nothing more stupid than seen. At some point you can lose all means. Then what are you doing?
January 06, 2018, 07:15:33 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 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
OMG. Are you serious? Of course, crypto develops but you put all your money in one basket. And there is already a bubble in crypto. What will you do when the market faces correction?
January 06, 2018, 07:15:26 AM
I hope you know cryptocurrency itself is a risk..and I don't think storing all your salary in one coin if at all is the best, diversify and keep part of your salary for daily use. U can keep the rest for long term holding.
January 06, 2018, 07:13:07 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
Yes it is a good decision since it a kind of investment but make sure that you do not put all your money in one altcoin or either your money needed for daily needs because cryptocurrency is too volatile, it may triple your money the next day and it can be gone the next week. 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
January 06, 2018, 07:12:33 AM
You should at least diversify with the other top currencies (BTC,ETH,LTC,XMR,XLM). Having cryptocurrencies is already a risk, with only one is even riskier
January 06, 2018, 07:08:47 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. 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
January 06, 2018, 07:06:43 AM
Becarefull with it, it maybe safe but have a risk. you maybe want to gain some profit from it but there still a chance where to coin price drop and you'll lose your money. If you still want to do it please chose several coin the chance of losing money will decrease because its almost possible to all coin droping price in same time.
January 06, 2018, 07:03:57 AM
I don't think its a good decision. First: its your only income (as far as I can see) you need to put in stabilized place. You can cut some portion and invest into crypto anytime but NOT all.
January 06, 2018, 07:02:05 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
Did you mean some of your salaries? Don't put all of it in the only ripple. 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
January 06, 2018, 07:00:33 AM
I think it is a good idea. Although i suppose you may need to convert your money from one cryptocurrency to another during the year
January 06, 2018, 06:53:59 AM
It is a good idea to save a portion of your salary in crypto. But remember to diversify your portfolio, investing in one coin alone carry more risk.
Jump to: