Investing all my savings! - page 53.

Shinza

member

Activity: 72

Merit: 10

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

The distribution of such investments I think is justified. But I think you should not invest the full amount of savings you have in crypto. Because the crypto system still has a risky rate. So I think you should keep some amounts in case of risk.

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: ausbit on October 29, 2017, 08:01:09 AM

Quote from: katiecbell on October 28, 2017, 05:39:25 AM

Quote from: diouf67 on October 26, 2017, 09:06:27 AM

As almost everyone has said, don't go all-in on crypto, you may need your savings for some unforeseen emergency in the near future, invest a sensible amount, 50% or so and see where that takes you. Other than that your split across 3 major coins looks okay.

That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

Investing your savings is definitely a good idea to make more money. Like you said, investing all your savings and that too in the beginning is not a wise thing to do. You need to start with some small amount of investment. After sometime, you can increase the amount of investment. This way you’ll be able to earn more money as well as there will be less chances of losing your money.

Yes, initially experimenting with a smaller amount from the savings is a better choice. Soon little by little can increase the investment capital depending upon the profit earned as well the legitimacy it holds. Because, these days only 5% of investments were legit and others were completely scams.

zeaderza

hero member

Activity: 896

Merit: 502

Quote from: Boys27 on October 28, 2017, 09:16:55 AM

it is a very big money value in my opinion, and your choice I think is a good coin, because the three coins have a future and will provide benefits because the value will continue to increase.

Best combination it is I must say. As you have said, these three coins are amazing in their own world. Bitcoin and altcoin if combined in a pair and then you have such management of how to deal these both parties in a best way.

Plus the investment is so much great, so all materialistic things are in your favor. You just need to be patient, decide wisely whatever comes good in your mind.

PORN_coin

full member

Activity: 210

Merit: 100

this is a very bold step
but to make it safer
I would recommend that you consult specialists

ausbit

legendary

Activity: 1330

Merit: 1019

Quote from: katiecbell on October 28, 2017, 05:39:25 AM

Quote from: diouf67 on October 26, 2017, 09:06:27 AM

As almost everyone has said, don't go all-in on crypto, you may need your savings for some unforeseen emergency in the near future, invest a sensible amount, 50% or so and see where that takes you. Other than that your split across 3 major coins looks okay.

That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

Investing your savings is definitely a good idea to make more money. Like you said, investing all your savings and that too in the beginning is not a wise thing to do. You need to start with some small amount of investment. After sometime, you can increase the amount of investment. This way you’ll be able to earn more money as well as there will be less chances of losing your money.

FrueGreads

legendary

Activity: 1582

Merit: 1059

That is a very bold and risky move. I know some people have done it already, but although I believe in crypto, specially in bitcoin, I still think that putting all your savings into crpto is a little dangerous. For me, a rule of the thumb when it comes to investments, is diversification.

That is of course your decision, but if you go ahead with it, I wouldn't use those percentages though. I like litecoin, but LTC is very tied to bitcoin itself, so you would be better off putting just 10% on LTC and the rest on BTC. If you want to spread your investments even further, I would put 65% in BTC, 25% on Ether, and instead of going to LTC, I would use those 10% for an emerging altcoin or ICO.

MOTHIT

member

Activity: 98

Merit: 10

Investing all your saving in cyrptocurrencies is not advisable the percentage which you mentioned is good enough but its all cryptocurrencies. Honestly saying percentage for bitcoins seems wise decision it is more then enough and other percentage which you want to invest divert into other things so your saving can support each other to grow and anything will go wrong also you will not panic and you will get time to take decision.

Wagako

full member

Activity: 249

Merit: 100

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 think its too risky to invest all your profits since scam and hacking is really rampabt nowadays. So i think it is better for you to invest the half of it or the 50% of it and split it into 3. And the half of your profits, you should hold it for emergency purposes.

boranes

sr. member

Activity: 644

Merit: 253

Change Your Worlds Build a New Era!

Invest all 12500$ in bitcoin, increase price more so I can buy myself new mobile phone for less money Grin

In my honest opinion I think this community need more users who will use bitcoin as a currency and not only...

I should mention that this is for a longtherm hold, about 5-10 years

...as investment.

Soranith

hero member

Activity: 798

Merit: 502

Quote from: Traslavin on October 28, 2017, 07:24:13 AM

Quote from: katiecbell on October 28, 2017, 05:39:25 AM

Quote from: diouf67 on October 26, 2017, 09:06:27 AM

As almost everyone has said, don't go all-in on crypto, you may need your savings for some unforeseen emergency in the near future, invest a sensible amount, 50% or so and see where that takes you. Other than that your split across 3 major coins looks okay.

That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

Practically speaking investing all your savings was not a good idea. And I believed it so because we all know that cryptocurrency's market price are unstable. And the idea of putting all your savings I beg to disagree. You can divide your savings for some important matters and put just 50% of your savings is enough. Well its all up to you if would believe us or not because the final decision is up to you.

I agree with you, investing all your money with any kind of investment is not really a good idea specially with crypto because the movement of crypto is very crazy it can give us big profit in just a couple of days and we can also lose everything it a couple of minutes. You should know that nothing is sure in this world so better spread your money with different kind of investment.

Boys27

full member

Activity: 329

Merit: 100

The Exchange for EOS Community

it is a very big money value in my opinion, and your choice I think is a good coin, because the three coins have a future and will provide benefits because the value will continue to increase.

Traslavin

full member

Activity: 461

Merit: 101

Quote from: katiecbell on October 28, 2017, 05:39:25 AM

Quote from: diouf67 on October 26, 2017, 09:06:27 AM

As almost everyone has said, don't go all-in on crypto, you may need your savings for some unforeseen emergency in the near future, invest a sensible amount, 50% or so and see where that takes you. Other than that your split across 3 major coins looks okay.

That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

Practically speaking investing all your savings was not a good idea. And I believed it so because we all know that cryptocurrency's market price are unstable. And the idea of putting all your savings I beg to disagree. You can divide your savings for some important matters and put just 50% of your savings is enough. Well its all up to you if would believe us or not because the final decision is up to you.

katiecbell

hero member

Activity: 644

Merit: 500

Quote from: diouf67 on October 26, 2017, 09:06:27 AM

As almost everyone has said, don't go all-in on crypto, you may need your savings for some unforeseen emergency in the near future, invest a sensible amount, 50% or so and see where that takes you. Other than that your split across 3 major coins looks okay.

That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

reda

sr. member

Activity: 910

Merit: 260

Quote from: yanto@1977 on October 28, 2017, 04:22:43 AM

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

Sorry, bad idea. But that's your money and I can't do nothing about it. I suggest you to see your strategy again, split is good but 25% litecoin is bad. Until now LTC has bad price action and low volume, is not good for investment/ trading. LTC part ( 25 % ) replace it still in currency not cryptocurrency is the best suggest I have. Never replace all your money because real market has their own answer and maybe you'll not like it at all. Have a nice investment.

Yeah it not good idea. So don't invest your full saving. You will get the more profit for the investing. So first you will understand the investing the business process. Then you will invest the saving for 5% don't invest your full amount. It not conformant to get the profit. So save 5% it will help to you for some issue.

yanto@1977

full member

Activity: 686

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

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

Sorry, bad idea. But that's your money and I can't do nothing about it. I suggest you to see your strategy again, split is good but 25% litecoin is bad. Until now LTC has bad price action and low volume, is not good for investment/ trading. LTC part ( 25 % ) replace it still in currency not cryptocurrency is the best suggest I have. Never replace all your money because real market has their own answer and maybe you'll not like it at all. Have a nice investment.

Emitdama

sr. member

Activity: 1848

Merit: 328

Quote from: tamilbitcoin on October 26, 2017, 04:02:16 AM

I think investing 100% is not at all necessary.

First start with your 30%, and after a period, put additional 20% if required. (To buy on dip. If necessary 10% more can be added.)

So, a total of 60% of your savings itself is a considerable risk. But, the returns may be higher.

Above all, it should not hurt you if anything goes wrong. That is the limit of investing.

I would invest 100 percent of my saving into bitcoin at least for few months because the experts are giving green signal. They have predicted its value to rise up almost 4k dollars more within a coming 5 to 6 months. Buying 1btc now means grabbing 4k dollars after 6 months and it is not a bad deal.

Is this possible to make such a profit by any other way? Not at all. During these months, there will be a dump for sure but patience is the solution for such situations.

mharz

sr. member

Activity: 336

Merit: 260

I was not agree with that because I was not yet truly believe that bitcoin are for long lasting, however I can't delete my trust in bitcoin. I still believe that bitcoin value are incredibly increasing in the next month so even I can't invest all of my savings in bitcoin. I'm pretty sure that I earn income because I have enough savings in my wallet.

tkamal

jr. member

Activity: 53

Merit: 10

If you are a long term planner you can go with the strategic also one more thing why you want to invest in cryptocurrencies only one is enough that also best one bitcoin is enough rest you can invest in other things to be safe side always keep in mind the mind that all in one place will collapse so your investment should be balance and support each other.

crptotrader007

full member

Activity: 292

Merit: 100

Never invest all your savings into crypto currency as it is too volatile and you might not know what's gonna happen next.
Besides that you must always keep 10% - 20% of your savings to buy more assets if there is another dip after your recent order.

rfouziha

member

Activity: 160

Merit: 14

The break down which you mentioned is seems very good strategy. What I observe in bitcoin is the rate is performing better then Ethereum so why you want to go with that you can better start trading with that so you will be get backup from bitcoin to your trading income. Investing all in one as a saving is not advisable and you have a idea about it so you try to analyze more by yourself don't depend on anyone's idea if you feel and confident enough do it other wise keep it as it is when you get more knowledge and confident go for investment.

Topic: Investing all my savings! - page 53. (Read 14329 times)