Investing all my savings! - page 40.

pinoyden

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Quote from: richmcrich on November 25, 2017, 05:18:40 AM

my opinion, it is not a good idea to divide your investment and that too at the time when you are investing for the very first time. It will be better for you if you will only go for investing your capital into only one coin say bitcoin. It will not only help you in making more money but it will also help you in managing the things in better way. It is really a difficult thing to get to know about different coins and deal with them simultaneously.

focusing or investing only in one coin wont give him much profit, thats why its better if he can divide his income and diversify it on some promising altcoins like waves, neo, strat, etc.. to have a better grasp and a wider range of portfolio, in this way he can be able to maximize his potential income. overall , theres nothing difficult in trading and investing on crypto as long as you are willing to learn and manage it.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Take the risk, if you think that investing all of your savings is going to be worth it for you as you are asking people about your decision go for it. But before you invest make sure that you are ready for everything since what you'll do is very risky. And if you are good for long term, go for bitcoin and eth it's either 50/50 or 70/30.

DRAWDE_3691

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Decentralized Escrow currency for Crypto world

Quote from: Jorgis94 on October 24, 2017, 03:24:41 AM

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

Thinking of you putting your every cent in crypto, It is very risky at all, for a simple reason that BTC, ETH and LTC and everything else in these is very unpredictable, and also susceptible to spams. You can invest only portion of it,just to be safe.

JayJuanGee

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Quote from: alj024 on November 25, 2017, 11:30:17 AM

No, Never do that, invest only that money you prefer to lose or doesn’t lose sleep if you lost 100% of its value.

Actually, if you are investing long-term, then you have to make sure that you are not investing more than you can afford to lose, and in that regard, you have to make sure that you have all of your monthly expenses covered with your cashflow, including possible emergency funds for several months in advance.

Further, if you take a stake at time one, then you may just let that stake ride out, however, it can also be good to continue to keep a similar kind of allocation going in on a dollar cost averaging basis. However, with the passage of time, your thoughts about the allocation might differ and cause you to reconsider your allocation or to even reallocate because your thoughts about the long term have changed.

el kaka22

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Quote from: Allan Ramanda on November 13, 2017, 12:58:23 AM

Quote from: Marrionbitcoin on October 24, 2017, 04:16:14 AM

For me, investing all your savings to 3 cryptocurrencies you have mentioned is not really good idea. Why? because you cannot say what will happen the following days or months if the prices will either go up or down. It is very risky and the rates are flactuating. Also, what if something emergency that might happen in few days or months with your own personal life. Be proactive about uncertainties.

it is true what you mention, because if you are not experienced in investing, and the price of bitcoin and altcoin always up and down so as not to have a stable price, you should not be too confident with all this. but if you look at the potential long-term investment is better you choose bitcoin and ethereum.

The price going up and down is really not a challenge but the thing here is cryptocurrency coming to stay. The latter is something that is really becoming glaring, although it is still a huge risk to take. Most especially for bitcoin, it is growing pretty fast and then I thought one day that if I had really gone in with my savings even like 2 years ago when it was even more risky, then I can imagine what I would be worth now.

Life is all about risk and depending on how ready the person involved is willing to accept such risk, and then leaves the choice in their hands. It could pay them hugely and then it may not. But come to think of it, which do we really think is possible at this stage?

x86Daddy

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I quitely agree with your strategy. Both of them are big coins. They will help you get profit

bozo333

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Quote from: zanezane on November 25, 2017, 12:35:53 PM

Quote from: ?? on ??

Quote from: alj024 on November 25, 2017, 11:30:17 AM

No, Never do that, invest only that money you prefer to lose or doesn’t lose sleep if you lost 100% of its value.

If you have high confidence to get a high coin price in the future it is better. Don't be too scared Wink

But don't cry when you got broke. Grin

Investing all your savings is like jumping in a cliff so if you think you can survive then go for it. But be ready for all the consequences that might occur.

If need to invest you will check the bitcoin prices. and gather for the investing process. Bitcoin is good for the future business process. but you will know the business process and bitcoin information. So you will know the bitcoin process then you will get the more profit. life will be change and you will get the future business improvement idea.

zanezane

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Quote from: ?? on ??

Quote from: alj024 on November 25, 2017, 11:30:17 AM

No, Never do that, invest only that money you prefer to lose or doesn’t lose sleep if you lost 100% of its value.

If you have high confidence to get a high coin price in the future it is better. Don't be too scared Wink

But don't cry when you got broke. Grin

Investing all your savings is like jumping in a cliff so if you think you can survive then go for it. But be ready for all the consequences that might occur.

Hannahanto

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Quote from: Jorgis94 on October 24, 2017, 03:24:41 AM

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

I really appreciate you have chosen the right coins to invest. They really have a good growth in the market. What if you still look at other currencies along with the above ones. Ripple, Neo, Monero, bitcoinconnect and so? These as well have good growth. All the best.

alj024

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No, Never do that, invest only that money you prefer to lose or doesn’t lose sleep if you lost 100% of its value.

Mapagmahal

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Quote from: kateryana81 on November 25, 2017, 09:49:31 AM

Quote from: BlackBird13 on November 21, 2017, 01:41:42 PM

As much as trading might be profitable.
You can lose all your savings.

So please do think twice before investing ALL of your savings mate Grin

I don’t go for your maybe. This is my belief and it is of many others too, that if you have high goals and then you have high intentions to do more then don’t be worried about your results. They are definitely on your side and you will be enjoying the perks of you hard work at the end of the day. High risks along with much hard work, you are just going right towards success and good results.

If you go invest all your money in bitcoin or any investment. There is a high risk and expect a big loss if your investment lose it's value or the price decline. But you can't lose it as long as you hodl it and don't sell. If somehow your investment grows then you are lucky because you believe in your guts that it will grow.

kateryana81

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Quote from: BlackBird13 on November 21, 2017, 01:41:42 PM

As much as trading might be profitable.
You can lose all your savings.

So please do think twice before investing ALL of your savings mate Grin

I don’t go for your maybe. This is my belief and it is of many others too, that if you have high goals and then you have high intentions to do more then don’t be worried about your results. They are definitely on your side and you will be enjoying the perks of you hard work at the end of the day. High risks along with much hard work, you are just going right towards success and good results.

adamvp

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Investing all the savings is very bad idea.
You should invest some savings in yourself f.e. your education, hobby etc..

part which you would like to invest in crypto you should divide for few parts:
Fiat for occasional buying on price correction; some crypto itself "mainstream crypto" (btc, eth, dash, xmr);
"second league promising crypto (f.e. iota, eos, bts, xem and many more)
And any promising ICO: you can consider algory.io for example like me; but there is high risk level: you can earn most but you can lose too. It is good if you invest in something which you believe; I would like to invest in algory.io because I believe in tool which they are going to develop.

ricardobs

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Quote from: LRPchange on November 24, 2017, 10:13:37 AM

I seriously think you have a strong determination and guts in order to do this. Phew. Not only is it risky with the volatility but also the security. 5-10 years @@ A safebox should come into ur mind Cheesy

LOL, that’s true, I can’t take such risk, I’d rather use my savings (if it was a lifetime savings) to start up an offline business, like investing on a farming business cause I believe that will bring more benefits than Bitcoin if managed properly.

I’m not saying it is wrong for him to invest it on Bitcoin, if something tells him he’s doing the right thing, then there is no need to delay, just go on.

enawati

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In my opinion will be too risky if you make investment by all saving in crypto because we dont know what happen with future of crypto. I think by maksimum 70% of all saving is good idea and less risk. And for other 30% maybe for stock or gold / other kind of investment. And for the chooised and portfolio of that altcoin is good because these coin strong in fundamental.

Sand King

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I dont think that investing all our savings is we will be a good idea for us, because if we invest our all money or savings how we gonna fulfil our daily needs and how we gonna buy our other purposes in life, and my suggestion is we can invest the 60% of our savings and then the remaining 40% is we can keep for our other purposes in life.

rysea2

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Quote from: Jorgis94 on October 24, 2017, 03:24:41 AM

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

for me you do is a very risky thing. but if you have been thinking unanimously and have made such choices then I can only give you advice, if you are a newbie you should look for some information and knowledge about the world of crypto before you do that.

Destroyeroff98

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Quote from: Jorgis94 on October 24, 2017, 03:24:41 AM

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

I do not advise you to invest all your savings in the crypto currency. For example, out of 12,500, invest 7,000 in the crypto currency. All the same, the crypto currency is unpredictable.
Also, it seems to me that it is better to invest like this:
Bitcoin - 30%
Ethereum - 35%
Litecoin - 35%

richmcrich

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Activity: 1120

Merit: 507

Quote from: Babyjamz3026 on November 21, 2017, 11:45:50 PM

Quote from: Jorgis94 on October 24, 2017, 03:24:41 AM

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

That's a huge amount, the thing I could say to you is buy altcoins such as Ethereum, Xem, Waves, Mysterium/myst, Adex/adx, and Bitcoin. Now its up to you how many percentage you are going to divide it in the altcoins which I had mentioned.

In my opinion, it is not a good idea to divide your investment and that too at the time when you are investing for the very first time. It will be better for you if you will only go for investing your capital into only one coin say bitcoin. It will not only help you in making more money but it will also help you in managing the things in better way. It is really a difficult thing to get to know about different coins and deal with them simultaneously.

sharkvn

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I think that if you are a beginner you should invest a small amount of your money as surely you need more experience to succeed in this crypto market. Once you have captured the market, consider investing the full amount you have.

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