Investing all my savings! - page 55.

DevilSlayer

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Quote from: Jorgis94 on October 24, 2017, 02:24:41 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.

Paulcrypt

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Invest what you can afford to Lose or let us say 50% of your money not 100%. 50% has a big return .
Then diversify that 50% into short term and long term investment.
Chose the Best coin where to invest.

Fujiati

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Quote from: Jorgis94 on October 24, 2017, 02:24:41 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

if you are ready for the risk of your choice, then invest, my edge advises to make short term investment ,, nominal you mention is high so the risk of loss and profit from your investment is 50% .. and many friends who recommend to invest short term, so good luck with your choice I hope you get a lot of profit.

tamilbitcoin

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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.

TTITA

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Quote from: Nerman on October 25, 2017, 09:15:29 PM

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

good point of advice.
we may dream to gain big profits, but we also have to be realistic about our lives as well.
in our lives also sometimes experience things that are unexpected and require urgent funds. so split your money for other purposes.

Kiweikoo

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Quote from: vegethegreat on October 24, 2017, 08:14:23 AM

Its very tough decision. I would not recommend you to put all your savings in crypto as it has capability to wiped all your investments since no one can predict what will happen next. Thats the risk in trading

Well I think the bitcoin is the best crypto currency so it is the best and the common thing to invest the money in the bitcoin, the bitcoin is getting more and more high so I would like to say you should invest in the bitcoin and you will see how fast your money will get high and you will be able to earn the high profit from it, it is the new era and it is the need of the time to invest in bitcoin to get the high profit from it.

fasdorcas

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Quote from: mace15 on October 24, 2017, 10:45:58 AM

Quote from: orions.belt19 on October 24, 2017, 10:11:43 AM

Quote from: bitbunnny on October 24, 2017, 02:47:18 AM

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.

I would like to agree. You may have allocated your investment nicely but as said, it would be too risky for you to use up all your savings. The coins you plan on investing on have good potential however cryptocurrencies are very risky. There is a risk in investment and trading - a risk of losing all your savings. Are you prepared for that? It would be best to set aside some in case of a rainy day because you can never tell whether a day like that may come or other emergencies. Only invest the money which you could afford to lose.

I agree with you all, above chosen lists are actually good investment even long term. It is a matter how you manage your investment and to grow your money. The fact is Im not into savings all my money into cryptocurrencies, spreading investing is a good choice.

If you have savings and by seeing the trends you want to invest it into crypto then you must choose the best coin of the time so that you can never get to the loss and that is bitcoin savings are for the hard times and why not multiplying your saving and then cashing them out in your hard time this will generate a good revenue for you in hard time to overcome the financial crisis as well as for other needs.

chineseprancing

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Quote from: Nerman on October 25, 2017, 09:15:29 PM

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

Yeah that is not good idea, because if you invest your all savings there's a possibility that the bitcoin value was decline, so the tendency instead you earn income probably you will earn lost. Therefore there's a lot of investing company, you better to invest there than to waste it in one business. Definitely trading, lending and mining sites are one of the good sites to invest.

Mumbeeptind1963

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Quote from: Nerman on October 25, 2017, 09:15:29 PM

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

Its not right to invest all your saving because you dont know what will happen, its better to think first and make plan what to do to your saving. Divide it into 2, make 50% for your investment and when you gain your profit, buy or trade some of your bitcoin and the other half is for your saving.

gabbie2010

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Quote from: Jorgis94 on October 24, 2017, 02:24:41 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

My advice to you is to split your fund into two I.e 50:50 then invest 50% into Cryptos like,
25% bitcoin.
12.5% ethereum.
12.5% litecoin.
And invest the remaining 50% into other businesses or preferable saving it.
Doing this will reduces or minimizes any risk to your investment.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: Nerman on October 25, 2017, 09:15:29 PM

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

Its not right to invest all your saving because you dont know what will happen, its better to think first and make plan what to do to your saving. Divide it into 2, make 50% for your investment and when you gain your profit, buy or trade some of your bitcoin and the other half is for your saving.

StarofBTC

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Quote from: Dudeperfect on October 24, 2017, 11:18:37 AM

It's great that you are going to start investing and that too from your savings. However, I would HIGHLY recommend you not to invest your ALL savings in the wild market of cryptocurrencies. I don't have any intentions to demotivate you but to be honest, you should invest the amount which you can afford to lose and that doesn't mean that I have a negative opinion about it.

I believe that Bitcoin is going to perform very well in the period mentioned by you but still, I won't invest my entire capital in the crypto world. Now coming back to the choices, I would give a green signal for your first two options as I have not researched enough to comment about investment in Litecoin.

Investment for earning more is good habit but investing the entire amount in just one business is not a good idea. I think different kind of business should be chosen for investment of the entire amount because if unfortunately one business fails to run then may be the other earn for you.

I know that investment in the bitcoin is safe and bitcoin is much trustful business but investing all the amount in bitcoin is not wise decision almost.

thulisman

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I think you should only invest in Crypto a fraction of your savings. Do not invest all your savings on it. Should leave a reserve amount will be better.
Do not invest whole money into an investment, this is not appropriate.

tmawheba

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The very big question investing all the saving in cryptocurrencies, the answer is no from my side at the end investors has to take decision want to invest or not we can just guide them only. Bitcoin is progressing very well there is no doubt but others I have no idea so just keep your part investment as backup and once you reached the targeted amount don't hesitate to book your profit which is must.

mrcash02

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Quote from: Nerman on October 25, 2017, 09:15:29 PM

Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

I agree, an emergency fund in fiat is needed. We never know when we will need money from our savings for something important in our lifes, especially when we talk about health and as Crypto-Currency is unpredictable, you can have some losses on the middle of way when investing in Bitcoins, Litecoin, Ethereum, if a depreciation in price happens and you need money for any reason at same time, you will have to cashout some money to cover your expenses and on this case, you will have financial losses... Anyway, his configuration investment between Bitcoin and AltCoins are good in my opinion.

Nerman

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Man that's a bad idea, before you invest make sure that you have an emergency fund. You will never know what will happen in the future. If you have a job and have health plan then if iwere in your shoes i will probably invest about 60% - 80% of that amount and keep the remaining as an emergency fund. Also ask your self how long are you willing to wait for the profit.

Rahar02

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If you have faith in bitcoin, ethereum and litecoin, go ahead.
5-10 years is a long time and the price of these cryptocurrencies should increase over time.
But, how if there's something happen to you or your family which require funds to cover it?
As long as you can handle any problem, it's fine. But, the best thing regarding investing in cryptocurrency is; you can withdraw/convert it into fiat currency at any time, no need to worry about your investment.

Casdinyard

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Quote from: Blitzboy on October 25, 2017, 05:48:07 PM

Quote from: Mumbeeptind1963 on October 25, 2017, 12:21:54 PM

Quote from: richcorner100 on October 24, 2017, 09:23:54 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%

There is no point saving your money unless you do not want to be rich. Money which we are saving can be considered as death money because it is slowly damaged by the inflation. Investing is always the best. I believe that we should spend 50% of our money to invest in the cryptocurrency and the rest will be for real estate

Yeah I agree that saving a lot of money could affect the money circulation in the community that's why banks are not tolerating this king of "hoarding ". And we should not invest all our money in just one thing. Instead good diversion of it is a must, as it can help you to have a fast return of income.

josefelix

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They are the all good coin to invest. Bitcoin as the greatest community group, ethereum is the second for capitalizations, litecoin could grow a lot the next years in price. I would like to suggest you also to invest some in a new project like Pivx or Utrust or Eidoo too

Blitzboy

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Quote from: Mumbeeptind1963 on October 25, 2017, 12:21:54 PM

Quote from: richcorner100 on October 24, 2017, 09:23:54 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%

There is no point saving your money unless you do not want to be rich. Money which we are saving can be considered as death money because it is slowly damaged by the inflation. Investing is always the best. I believe that we should spend 50% of our money to invest in the cryptocurrency and the rest will be for real estate

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