Of course it's not safe. You can lose a lot of money. Currently, almost people have been lost, many of them has been lost more than 80% of their money.
However, I think if we don't sell our coins, that mean we still not really lose money. So you'd better to invest by the money that you can leave it there for a long time and will not impact to you much even if you lose it.
Topic: Is it safe to invest all my savings in cryptocurrencies - page 19. (Read 4662 times)
Of course you have to understand that investing all the money you risk being left with nothing. Firstly, there is the possibility of tampering by hackers. Secondly, there is a possibility that the market will go even lower.
It is not safe to do it due to the risky nature of cryptocurrency. I rather suggest that you scatter your investments to be safe of bankruptcy. You may invest part of it in cryptocurrency and invest some in other tangible assets. Have a plan and study hard the consequences of it to avoid loses and disappointments in the future.
I agree. It is much better to diversify your investment on different thing that has potential for growing the profit. We all know that investment in crypto is very risky because it is volatile but we have chances to take whether the price is up or down. You have to invest on real state asset which can grow the price as the time goes by as well like land for the future. 
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Its going to be safe f 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.
Do not even think about investing everything in one sector. This is the first mistake of every fresh investor. Just diversificate your funds. Put for example 20 percent of your savings in 10 crypto currency projects and for another 10 percent buy something else. It is too risky to put everything in crypto.
The best option to earn money. It is to have capital to earn, which must be a constant. That is, any income you put in a separate bowl, and in the case when you lose and the capital decreases, then restore it at the expense of the second bowl. 
Crypto is a wise choice to invest. from on is stored in the bank and did not experience the increase in value which means it will be better to enter in a distant crypto can deliver results. However, must understand the factors and also a lot of risks there in the crypto because this is essential for deepening so that capital can thrive and not quite the experience of loss.
Do not even think about investing everything in one sector. This is the first mistake of every fresh investor. Just diversificate your funds. Put for example 20 percent of your savings in 10 crypto currency projects and for another 10 percent buy something else. It is too risky to put everything in crypto.
Just remember that there is a risk in turning your money in crypto currency or investing in it.
But it is your money you could do anything with it just be careful.
But it is your money you could do anything with it just be careful.
So far cryptocurrency has not taken full control of the financial system and economy of the world, it's never safe to invest all your savings into Cryprocurrency. There are other real life investments you can make that will yield you maximum profit.
it is very stupid to invest everything you always need to leave money in reserve because it is not enough that it can happen where they will be needed
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It is a bad idea to invest your entire savings to a high risk investment like cryptocurrency especially if you are still a beginner. If your savings is a hard-earned money then it would be better if you invest only some money that you afford to lost in case the price of the coin you will going to buy go down later. Investing in cryptocurrency could be a wise if you already know how to manage your investments to prevent future losses.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It is a bad idea to invest your entire savings to a high risk investment like cryptocurrency especially if you are still a beginner. If your savings is a hard-earned money then it would be better if you invest only some money that you afford to lost in case the price of the coin you will going to buy go down later. Investing in cryptocurrency could be a wise if you already know how to manage your investments to prevent future losses.
Don't put all your eggs in one basket. This is a goodwill reminder. Even if you really want to invest in cryptocurrencies, I think that you are using 50% of the funds is enough!
I think it's quite reasonable, especially if you are a new investor, you need to learn in advance about cryptocurrency and all related to crypto market, if you do not want to bear the losses. If you want to start investing, I would advise to start from crypto has the market was clear, and the high market volume. don't start investing in coins a new ico finished, because all the coins ico like gambling, you can just get an advantage could have been losses that you get.
Don't put all your eggs in one basket. This is a goodwill reminder. Even if you really want to invest in cryptocurrencies, I think that you are using 50% of the funds is enough!
Never suggested putting all your saving in cryptos
Put 10% or 20% of your saving in crypto and when you earn from that then use that earned amount to invest in another crypto.
make sure crypto market is highly risky market and make sure to invest in right coin or else you will be a victim, remember bitconnect
Thanks
Put 10% or 20% of your saving in crypto and when you earn from that then use that earned amount to invest in another crypto.
make sure crypto market is highly risky market and make sure to invest in right coin or else you will be a victim, remember bitconnect
Thanks
I agree that investing all your money in crypto is a very stupid step. We could lose everything in an instant. You should always divide your money into parts and be sure to leave a little in the fiat.
yes I do not agree if all your savings money is invested in crypto currency. it is a very stupid step, it is the same as you throw away your money and you can lose the money that you have collected in an instant.
Bad Bad idea
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
If you are thinking that you like to invest on crypto rather keeping it in the banks instead. For me in my opinion that's a good decision " IF " you choose the right altcoins where you like to invest in, like Bitcoin, Ethereum, Xem, Utrust, and Pundix are one of the good altcoins in cryptocurrency in terms of investment. But you can also check the top 10 coins in the coinmarketcap.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
All of your savings? Probably better to diversify somewhat and consider other asset classes like tech stocks not just cryptocurrencies
If you are thinking of a long term approach just invest in a balanced portfolio of the top 10 assets only better still just Bitcoin and Ethereum and HODL that for a few years
Lots of smaller/higher risk assets won't necessarily last long term or will be superseded or even become obsolete altogether so its best not to invest in those
Investing your all savings in cryptocurrency is surely not a wise decision .
In cryptocurrency returns are not sured or fixed. You cannot expect assured ROI on your investments. On the othe side in traditional investment ROI is fixed. I would suggest your don't invest invest your all savings in cryptocurrency. Partial investment would be a wise decision.
In cryptocurrency returns are not sured or fixed. You cannot expect assured ROI on your investments. On the othe side in traditional investment ROI is fixed. I would suggest your don't invest invest your all savings in cryptocurrency. Partial investment would be a wise decision.
Jump to: