Topic: Investing all my savings! - page 35. (Read 14358 times)
No,not ideal to invest all my savings! It is necessary to to divide wisely all the money that you have, because we all have our primary neccessities to prioritize too, after dividing all the funds it is good also to invest the extra money that you have, to grow the money also so that you can have extra enough in the future, for me that is how i will put dividing my funds, there is nothing to sacrifice... right funding
In my opinion this is good idea because all of that coin has strong fundamental, so the price will be trend up in the long term , but will be better after made some profit withdraw little bit amount in fiat for daily needed and urgent.
Investing all your saving would be very risky, i would not recommend as crypto currency can change very quickly and it can drop hard making you lose all your money.Although the distribution you made would be quite profitable if the prices increases but it would be quite a risk too.And now currently all coins are at peak of the value so they can even drop.
you have a good plan and these coins are 3 of the most promising ones, and they have the less risk.
Definitely right about the lower risk. I'd even throw in some icos if I were OP
you have a good plan and these coins are 3 of the most promising ones, and they have the less risk.
The ratio how you've split the funds among cryptocurrencies is good. Still I wouldn't invest all my saving in anything not just in cryptocurrencies. No matter how the situation is looking good and attractive and the price is high this can change and will change at some point so it's too risky to spend all your saving. Reconsider your decision one more time and maybe consult somebody that is maybe more experienced with cryptocurrency investing.
It is good to always study and analyze our decision before we take our part to decide. Becasue in every form of investments, we also need to be aware to read the risk it would takes for us to want in the future that could affect our decision in the future becasue it could give us more opportunities if we will do the right decision in time. Foolish to invest all of the savings. However, it is also the most beneficial sector. Investment plans at Bitcoin and Etherium are very good. Because the price of these two coins is increasing day by day.
There is no guarantee that we will be profitable when investing so why would we risk all our savings, we work hard to save money and it would ruin our life if in just unlucky time we lose all our savings. Investing is good but we need to put at risk what we can afford to lose, dividing savings in different allocations should be the way, we should prioritize first our savings for our health, leisure, and then the last one is the investment. Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
yes your plan is right. already you mader more than 2x if you already invested these coin when you post. just hold your coin you will be rich soon -50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
Everyone trashing this strategy, it's not putting everything in one basket and at least he has savings! Most individuals in the US don't have anything and are underwater in debt. At least this guy is trying.
HI there, my golden rule is never to invetst more than you can afford to loose!
I do not know about how imporntant your safings are to you or about the value of your savings but you should consider in worst(most worst) case it is gon e or nealry worthless,
even though I would agree on the divison of the CC's you'd like to invest in.
Good luck anyway!
I do not know about how imporntant your safings are to you or about the value of your savings but you should consider in worst(most worst) case it is gon e or nealry worthless,
even though I would agree on the divison of the CC's you'd like to invest in.
Good luck anyway!
Foolish to invest all of the savings. However, it is also the most beneficial sector. Investment plans at Bitcoin and Etherium are very good. Because the price of these two coins is increasing day by day.
I would definitely make sure you understand the tax effects before investing your entire savings. This paper explains the IRS's position: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/. Make sure you understand all the costs before making that decision.
Good split for sure. The rate on spliting is brought you the best profit according to the present price.a
That’s the best thing you can do with you saving to putting it into the right place and still there is more coming in future that will give you millions out of your saving s just you have to keep patience and don’t get panicked and don’t left the side of of bitcoin it will give you more than you expect and I am doing same I invest my monthly saving into bitcoin because I want that bitcoin will rescue me in financial crisis to live easy. 
Investing all your savings is your worst and most risky decision. Crypto is very promising but you shouldn't making all your eggs in one basket, that's very risky. So it is better to invest some part of your savings and keep the rest for the coming issues.
Don't do that. You will learn first before inveat. Bitcoin prices not stabel. So you will know the bitcoin process and prices list. It will be helpful to you for the future growth. It need to invest you will hold the bitcoin 50%. So you invest the belance 50% it will helpful to you for the future growth and get the more profit.
Investing all your savings is your worst and most risky decision. Crypto is very promising but you shouldn't making all your eggs in one basket, that's very risky. So it is better to invest some part of your savings and keep the rest for the coming issues.
Annnnnnnnnnnd now the LTC bet is paying off. So much for the skepticism, nice play OP
This is a review for a certain trading platform I have been working with for quite a while and to do them a small favour I decided to leave a small note.
The name of the platform is Coinstec.com, they went public not too long ago and are accepting new clients in order to work with them for the long term.
In my experience I've deposited all my savings, and made lots of withdrawals and even kept a bit of coins with me as instructed.
I'd recommend to work with them and see what you can do, unlike many other trading platforms they are working in a good way.
the website is www.coinstec.com, my personal account manager is Alex Carter if you're willing to have the same experience as me
The name of the platform is Coinstec.com, they went public not too long ago and are accepting new clients in order to work with them for the long term.
In my experience I've deposited all my savings, and made lots of withdrawals and even kept a bit of coins with me as instructed.
I'd recommend to work with them and see what you can do, unlike many other trading platforms they are working in a good way.
the website is www.coinstec.com, my personal account manager is Alex Carter if you're willing to have the same experience as me
As of todays price, if you invested october. You profit now has gain more because of those price now in market. You dont need to wait 5-6 years. Good to sell now those holdings of yours
Putting all you're savings on cryptocurrency is not a good idea, you must to put at least 20% of your savings on bank for you're emergency purposes and we didn't know what will happened to your coins in the future.
Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
Exactly! You have the good choices! Bitcoin, ethereum, and litecoin. But my advice is can you change the percentrage, you can make more larger on ethereum and litecoin, since those 2 are still undervalued compare to bitcoin now.
The coins you're investing on would likely give you a very good return though i don't think going all in on crypto is advisable. Try to diversify more. You don't know if the requirements for crypto will be here all the time
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