Is it safe to invest all my savings in cryptocurrencies - page 11.

faceoff97

full member

Activity: 644

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Quote from: Absolutep on August 24, 2018, 05:02:10 AM

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Its going to be safe if you only have a good and secure wallet. Instead of bank you should choose to invest it in Crypto since Bank is potential for inflation or the money you store in Bank losses its purchasing power over time. When investing in Crypto it is essential to choose a wallet, and basically the most secure and safe wallet would be an opensource wallet. Investment would be more effective if you'll be diversfying your investment or buying different kind of coin. To organize your investment, you may choose to have a multi wallet.
You may check out HODLER wallet, this has all the feature I am telling. It is a open source multi wallet that offers the most effective way to hold investment in the most secure and safest way.

KofiAdepa

jr. member

Activity: 140

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Well it is safe to invest in cryptocurrency but I will not advise you to put your all into it since crypto does not always yield profit. You can sometimes incur some loses that is why we normally advise crypto novice to invest what you can lose.

coin-hamster

jr. member

Activity: 350

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crypto world has a good rule, you should invest as much as you not fear to lose, too many risks around crypto still that time

BBbill

newbie

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We have a pump group with over 1000 accredited investors that pump and hold coins for over 24 hours. The team also spends thousands of dollars on advertisements during the pump making it last longer so everyone can profit. Unlike other pump / dump groups we don't instantly sell at the initial spike and do whatever it takes to keep the pump going. Users on average make 500%-2700% in profits during the pump. An investment will be happening this Saturday 10/20/2018 - t.me/iblockchainglobal

apitico

full member

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If you have enough money, I would invest in real estate. Cryptocurrencies are currently experiencing not the best of their times and everyone is waiting for the SEC decision.

newb-dev

full member

Activity: 406

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I think in times like this you should consider investing only a part of your money, not the entire amount. It is worth investing because the prices are low...but be careful in what you are investing

Badboy[BTC]

sr. member

Activity: 490

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★YoBit.Net★ 1400+ Coins Exchange

The stupidest question I've ever heard. Well, of course, to invest all your money in cryptocurrency is very dangerous and can happen anything from stealing your money and ending with a complete bankruptcy of the project in which you have invested. So evaluate the risks and good luck

Bolivar_Tony

member

Activity: 322

Merit: 10

It's not safe at all, investing into crypto currency is taking a risk, and when you are taking a risk, you don't take risk with everything you have, you should only take risk with what you can afford to lose, take football betting as a good example, if you are betting on a game, you won't bet with your whole money, because you can never tell the outcome, no matter how good the team you are betting on might be. same apply to cryptos.

bchdfsy

jr. member

Activity: 60

Merit: 1

i think investing all of your something in something is never a wise choice because you have to keep in mind that you may lose it.

milani

sr. member

Activity: 1092

Merit: 254

In my opinion it is not safe at all to invest all the savings into one direction. It is even not because it is crypto currency, but because the principle to invest all the money into something single it is a bit risky and not wise. Because you should have some variants for your actions, if some direction decreases, the other one may appear successful and profitable, in this case you may not loose everything. In is something like your minimal insurance from the total losses.

Kulitha

member

Activity: 644

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absolutely not. Because investing crypto is riskily investing method. any time we should not invest our whole money on to crypto. When coins dumping the people who have invest their whole money have less ability to bear that situation. investing on market by dividing saving would free our mind also.

el_lobo

copper member

Activity: 266

Merit: 0

Crypto is not a safe haven for money if you invest in the wrong coins or pay too much for your coins.
You have to inform yourself in advance and think carefully about whether and how much you invest.
Also, you should never invest more money than you are willing to lose!
The crypto market is not a money press and not recommended for everyone.

bit-freedom

sr. member

Activity: 658

Merit: 256

In investing, don’t invest more than you can afford to lost. There are risks in investing and you shouldn’t be investing all your savings. This is an extremely risky move and you might just lost all your savings.

Abuchi2

jr. member

Activity: 134

Merit: 2

No it's not safe for you to do that why because it's really a big risk for you investing is just about hodling and you can not invest your savings and hodl it. Its bad just invest a little and HODL it for some time.

picaszo

member

Activity: 434

Merit: 10

big no. using all savings for crypto is very risky. it's better to use half of it for crypto or some. or looking for capital through the bounty will be better

Ferris419

hero member

Activity: 1008

Merit: 501

Quote from: Absolutep on August 24, 2018, 05:02:10 AM

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

Its really mad thinking. Not only cryptocurrency section, if you invest your whole savings to bank or any business it will full mad work. By chance your all money goes to finished, then you will be poor. So don't think bad. Be punctual and always remember that backup money is most important to any sector.

jan.nicolas

full member

Activity: 672

Merit: 100

Always, remember, there is always the opportunity to lose everything, because the rate of the cryptocurrency market is constantly on the move, so it seems to me that now it is best to just understand what you have in mind and move, but do not forget about the bad.

isen

sr. member

Activity: 854

Merit: 250

I think this is just crazy, think about the people who invested all their savings in Bitcoin when its price was $ 20,000, and what happened next? How do you feel these people? Be smarter and do not put all your eggs in one basket, especially since these are all your eggs.

colenax

full member

Activity: 376

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Quote from: Absolutep on August 24, 2018, 05:02:10 AM

Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?

the first thing you should know is about every risk in crypto investment. so this is not safe at all
That's why you should seek knowledge first and seek a lot of insights about ico, altcoin and the technology.

stiletos

newbie

Activity: 28

Merit: 0

This would be the worst mistake anyone ever made in any business. I won't say is the wise decision. plus never invest anything that you can't withstand if lost.

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