Investing all my savings! - page 54.

Shishir99

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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

It is good if you invest your money for long term.
But if you want to gain high amount of money you need to take little risk.
You should invest in potential low marketcap coin.
Few of these are loopring,Ox,Kyber,Etp etc.
Other than that you can add some NEO and Qtum in your long term investment.

bobitza

sr. member

Activity: 560

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Quote from: ?? on ??

Bitcoin and ethereum is a promising selection, but no one can tell you today what are the best coins to invest for a longtherm hold of about 5-10 years.

You have to regularly read the news and observe the chart and if something substantial will happen you have probably to exchange your selection.

Never choose any virtual currency for long-term investments, because there is no guarantee that they will survive and grow over such long periods of time. Choose a safer investment goal, it could be gold or land.

Paid Piper

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Activity: 329

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Quote from: Mumbeeptind1963 on October 25, 2017, 01:21:54 PM

Quote from: richcorner100 on October 24, 2017, 10:23:54 PM

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be withdraw it. So that we are in loss. In my research good coin for longterm investment is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

I am not in favor of investment all the savings in bitcoin because one should keep some local money in his bank account for immediate use and the other reason is the reliability and security. Bitcoin control is in other hands therefore many people do not trust bitcoin because of the fear of losing and I think they are right although the controllers and wallet maintainers have made their sites very secure but still there is a fear of backing.

logicgate

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Quote from: HALLASTERA on October 25, 2017, 12:37:38 PM

A lot of advice, but i'm still not understand why people trust own money to bitcoin. Just invest in real product, hi-tech.

people believe in bitcoin that’s why they are investing into the bitcoin and the thing you are talking about is unknown to the world is it comparable to bitcoin I don’t think so and on top of it bitcoin can be accessed and used all over the world it has a promising as well as profiting nature so comparing it with some rubbish thing is stupidity and no one is competing to bitcoin as this time because it is unique.

jekjekman

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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

That is a good breakdown for the investment that you are planning, but as you mentioned it will be all your savings?
and everything is allocated to crypto currency?

I would suggest allocate some of your savings into a fiat investment for some sort of assurance.
Yes bitcoin is promising but it might be too risky to invest everything that you have on it.

Hutalar

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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.

We cannot deny the fact that there is risk in investing into digital currencies but there re many cases of even those who took risk and became millionaire with these currencies especially with bitcoin. So here in this market especially that of bitcoin, you need not to worry about the size of investment you doing because it is a rule that you will get refunded by bitcoin many more times than your original investment.

cryptoDARO

newbie

Activity: 56

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I've invested 1/4th of my savings and I think that's a lot. But I intend to learn more and more about crypto/trading so I expect some profits. If not then that's fine too because I wouldn't lose all of my savings then. Undecided

Oilacris

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Quote from: Jewell on October 26, 2017, 03:23:37 PM

Quote from: michellee on October 26, 2017, 02:58:03 PM

Quote from: tenkuna on October 26, 2017, 11:24:16 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

I like your method. I have also been investing in 3 types of coin. But I recommend investing 50% in ethereum

its too risky to invest all in of our money because we still need that money if in case we need to buy more amount if the coins is going down so we can add another amount. i am not suggesting to do this because if all the coins price is going down, we can not do anything and we can getting big loss. its better to have the quarter from the total money than go for all in so we can have another money and save it for later.

Yes that is right to say that it is too much risky to invest all your money in one kind of business, Although bitcoin is a very safe ans trusted investment, but still we cannot be so much sure and clear about bitcoin price because no one can predict the price of bitcoin so easily. In fact it is too much important to invest your money in different places, so as to reduce the risk of losing your money in one time.

Nothing is safe even on bitcoin and we do always know the risk behind it which anytime bitcoin would crash its price which would really lead up on total wreckage specially we did decide to put up all of our savings which i do agree on most people said here that this is a risky thing to do.If we do really mean on investment then dont focus on just one and diversification would always be suggested.

Jewell

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Quote from: michellee on October 26, 2017, 02:58:03 PM

Quote from: tenkuna on October 26, 2017, 11:24:16 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

I like your method. I have also been investing in 3 types of coin. But I recommend investing 50% in ethereum

its too risky to invest all in of our money because we still need that money if in case we need to buy more amount if the coins is going down so we can add another amount. i am not suggesting to do this because if all the coins price is going down, we can not do anything and we can getting big loss. its better to have the quarter from the total money than go for all in so we can have another money and save it for later.

Yes that is right to say that it is too much risky to invest all your money in one kind of business, Although bitcoin is a very safe ans trusted investment, but still we cannot be so much sure and clear about bitcoin price because no one can predict the price of bitcoin so easily. In fact it is too much important to invest your money in different places, so as to reduce the risk of losing your money in one time.

michellee

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Quote from: tenkuna on October 26, 2017, 11:24:16 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

I like your method. I have also been investing in 3 types of coin. But I recommend investing 50% in ethereum

its too risky to invest all in of our money because we still need that money if in case we need to buy more amount if the coins is going down so we can add another amount. i am not suggesting to do this because if all the coins price is going down, we can not do anything and we can getting big loss. its better to have the quarter from the total money than go for all in so we can have another money and save it for later.

Rinder

hero member

Activity: 868

Merit: 500

I dont know why you had choosen the eth and ltc since there are more and better coins then those two, eth is used for ICO purpose and speculation, it had reached 0,11 btc and crashed a lot since bitcoin jumped to 3000 dollars, i dont see any interest into it besides the smart contracts. Litecoin is good to transfer money, faster then bitcoin and cheaper, but i dont see it with more potencial to jump. The only safe investment you will make at this stage is invest all into bitcoin, even others saying to split, or search for some 5-10 new altcoins wich you believe has potencial to grow.

tenkuna

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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 like your method. I have also been investing in 3 types of coin. But I recommend investing 50% in ethereum

Siopao

full member

Activity: 182

Merit: 120

I dont think it's not a good idea to invest ALL of your savings, there's this saying "dont put all your eggs in one basket". Although its good that you consider investing but I suggest carefully reevaluate, it would be better if you save portion of your savings as is, we wouldn't know what's life instore for us so better be ready and have that "emergency fund" besides the reason why we invest is to be ready for the future.

HiringYou

sr. member

Activity: 574

Merit: 256

You should not invest all your savings into cryptocurrencies because there is always a risk factor involved. Sometimes their is a drop and sometimes their is a rise in price. If their are chances of earning huge profits then their are equal chances of facing loss also. So you should invest some amount of your earnings inorder to get some experience and then you should increase your investments.

zulkarnaen

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Quote from: burnchan on October 26, 2017, 08:47:38 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

it is not a good idea to invest all your savings. Investing your savings means you'll be ready to say goodbye to all your savings? Because in investing there is always a probability if losing your money. It is safer to secure half of your savings which will be use during emergency and half of it will be your investment. But if you are certainly a great risk taker then you will surely invest all your savings.

I agree with you it may be wise to invest using some savings you have because sometimes not all investments always go according to plan, for fear of something bad happening with your investment so that it will have an impact on losses, but if only part of the savings invested of course you still have some more savings that can be used for other purposes.

diouf67

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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.

burnchan

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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

it is not a good idea to invest all your savings. Investing your savings means you'll be ready to say goodbye to all your savings? Because in investing there is always a probability if losing your money. It is safer to secure half of your savings which will be use during emergency and half of it will be your investment. But if you are certainly a great risk taker then you will surely invest all your savings.

neonshium

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Activity: 1134

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Quote from: Savemore on October 24, 2017, 11:24:41 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

Investing your savings to the cryptocurrency world is good but before you invest your savings, you must have knowledge to the coin that you will investing. You must find out that the coin has potential in the market for you to gain profit.

I have always considered saving money as a wise deed and investing can be even more beneficial only if it is the right investment.

Sometimes, we can face loss if not choose the correct place to spend money. Like you have already mentioned, a person must have a good knowledge about the nature of his coin.This is the only way to get rich. For instance, I deal in bitcoin and I know that it is best in producing profits.

swscowods

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Activity: 419

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Quote from: keanne_isaac on October 24, 2017, 10:26:24 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

You Idea of distributing your investment is fine to me 50-25-25 and you have to buy on deeps is also another good strategy but I for me putting all your savings in investment is potential to high risk even it is in long term much better to divert some of your savings in other source of investment not all in cryptocurrency.

I am in favor of this strategy and I love it most. I have read one statement here on this forum so many times, “Don’t put all your eggs in one basket”. And I am deadly sure about it. There will be more risk to you ultimately and in business you have to go for the option that have less risk factor. Keeping that in mind, boy, go for this multiple investment modes and have a happy life.

Ronaldcoin2017

sr. member

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Quote from: DevilSlayer on October 26, 2017, 05:46:46 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

Investing your money in cryptocurrency is good but be sure first that you know that the coin is profitable. I agree to you that you must do long term investment than short term investment because long term investment is more profitable.

yes i agree investing is really a good way to multiply your saving but you really need to make sure about your investment because there are many ways to gain and sometime to loose.maybe you need to update if the thing you are investing is really legit.sometimes people really want a quick money so then they try everything that they think easy way to gain.without knowing that they are really slowly loosing money .scam is everywhere so beware on it.

Topic: Investing all my savings! - page 54. (Read 14329 times)