Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It's not better to invest all your savings in cryptocurrency cause we know it is very risky. It is better to invest that money afford to lose. It's better to think twice before you make a decision cause in a wrong move it will lose your money. 
Topic: Is it safe to invest all my savings in cryptocurrencies - page 20. (Read 4652 times)
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It is a wise choice if you really understand about it clearly. This is a investment channel which can bring you the very good profit more than saving money in bank and just be received a small profit
Invest only what you can afford to lose - This should be the official mantra for not only Cryptocurrency, but other forms of trading as well. Its’ applicable to virtually all other aspects of our daily lives. Currently, many folks are taking loans, selling off lucrative assets and channeling them into any coin they lay their sights with the hope it becomes the next ‘Ripple’ or ‘Moon like Bitcoin or Ethereum’.
This is not only reckless but could have long-lasting consequences if such outlay goes south. The best way to go about it is to consider the money gone as soon as you invest. Imagine that it doesn’t exist ( can be hard for some of course). This way, you won’t be forced to check the daily charts or BlockFolio without panicking.Never put what you can’t afford to lose.
This is not only reckless but could have long-lasting consequences if such outlay goes south. The best way to go about it is to consider the money gone as soon as you invest. Imagine that it doesn’t exist ( can be hard for some of course). This way, you won’t be forced to check the daily charts or BlockFolio without panicking.Never put what you can’t afford to lose.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I do not think that investing all my money in a cryptocurrency is a reasonable solution. Like any investment, investing in a cryptocurrency is quite risky and under adverse conditions you can lose all your money. Therefore, in no case should you invest all the money in a cryptocurrency, as it is not worth taking. for these purposes a loan. It is also better to periodically withdraw a part of your profit in a cryptocurrency and a common currency.
Yes, I invested my savings in cryptocurrency and I think it is a reasonable choice because you can get a lot more profit than in the Bank
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I'm just very surprised at this question, especially after the recent events, when the market rolled back. Investing all your savings in cryptocurrency is clearly a very rash decision, as your money may not return for a long time, as the market is unpredictable. I would invest 5-10 percent without hoping for a quick profit.
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.
Investment is the best way to earn very good profit. But you all saving put into investment it is not good idea, because investment is also risky. If you fail to choice right coin you can lose your hole capital at a time. So careful and keep invest how much you afford.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
it's not wise because as you know whether crypto is safer than being banned?
Do you think that if you are banked, your money will be lost when you pick it up but in crypto? Have you thought so far?
Cryptocurrency has not yet come to stability and therefore it can be dangerous to keep your money in it. You should invest in crypto only what you can lose without harming yourself.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Investing everything in cypto is not a good idea. Cryptos are highly volatile and is a very risky kind of investment. Better to put some but not all. As the saying goes, only invest what you can afford to lose. Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I suggest that not all assets you saving are invested, if you lose what you will do. It is better for you to set aside 50% of your assets and invest in various ICOs so atleast you not too much loss. 
Investing in cryptocurrency is certainly good, but you do not need to invest all your savings. The volatility of the cryptocurrency market cannot guarantee the security of your money. Because you can lose some of them if crypto goes down. If you want to keep your savings, it is better to do it in the bank.
I really agree with your opinion because basically investing in cryptocurrency is indeed a high risk because each coin has its own developer and this is what makes it difficult for us to get a guarantee because not all developers really improve their projects that will make high coin prices
In no case do not need to invest all your money in cryptocurrency. Invest as much money as you are willing to lose. Cryptocurrencies are very risky investments especially in the negative market.
As humans, we certainly want an increase in living standards in the future. I think investment is the best way rather than saving. There are various ways to invest, ranging from building your own business, buying property, buying company shares, or buying cryptocurrency.
That way cryptocurrency can also provide high profits even the highest among other types of investments. However, regarding investment in cryptocurrency, we also need to pay attention to risk factors which we can face. If, we buy coins which perform poorly then it's not impossible, the money we invest will actually decrease in number and it can even run out.
Investing all your savings in anything is stupid, let alone in something as volatile as crypto. I would say 10% max. Spread the rest around high interest accounts, stocks, shares and bonds, or perhaps even metals or property if you are so inclined.
That way cryptocurrency can also provide high profits even the highest among other types of investments. However, regarding investment in cryptocurrency, we also need to pay attention to risk factors which we can face. If, we buy coins which perform poorly then it's not impossible, the money we invest will actually decrease in number and it can even run out.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Personally, I have divided their money and keep some in fiat and cryptocurrency. You can never predict how the market will behave and investing in crypto-currency can be long-term . 
Actually no, that is not a wise choice at all.
No matter what the investment is, you don't want everything in one thing.
For example, you don't want all your savings in just real estate or stocks.
Same goes with crypto, (even if you buy a bunch of different coins).
You should always have some actual cash in a savings account (high interest CD is better) along with other investments.
This gives you the opportunity to take advantage of other future investments that come along.
On top of all of this, crypto is totally unstable.
Eventually, it will stable out, but now, I would say it is almost impossible to tell which coins will be around and valuable even 5 years from now.
So I would invest, but look at short to midterm profits.
Then, as it starts getting clearer what coins will be around longer, then go all in.
No matter what the investment is, you don't want everything in one thing.
For example, you don't want all your savings in just real estate or stocks.
Same goes with crypto, (even if you buy a bunch of different coins).
You should always have some actual cash in a savings account (high interest CD is better) along with other investments.
This gives you the opportunity to take advantage of other future investments that come along.
On top of all of this, crypto is totally unstable.
Eventually, it will stable out, but now, I would say it is almost impossible to tell which coins will be around and valuable even 5 years from now.
So I would invest, but look at short to midterm profits.
Then, as it starts getting clearer what coins will be around longer, then go all in.
Investing in cryptocurrency is certainly good, but you do not need to invest all your savings. The volatility of the cryptocurrency market cannot guarantee the security of your money. Because you can lose some of them if crypto goes down. If you want to keep your savings, it is better to do it in the bank.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Certainly NOT.
One of the most important rule of financial investment is "Never invest everything in 1 instrument", thats being said, it never makes sense to put all your money in cryptocurrency.
Yes, crypto is a blooming market and with future perspective it holds very good potential on your investments, however, no one has seen the future, your investments must include risk management and that makes you diversify your portfolio.
Put a part of your investment in crypto, other parts in other instruments, like real estate, gold, stocks, bonds, etc. Depends on person to person but eventually diversify your investment.
A big NO. Don't you think that cryptocurrency is a high risk investment. Don't get blinded by its huge profit. Those glory days were over last year. Currently, the market is a bit stable at a lower price. Let's be happy for this for the meantime, compared to sharp falls. Hoping that this stability will be a momentum-builder in preparation for a bull run.
Before you invest in cryptocurrency, it's a must to study and research on it before investing.
Before you invest in cryptocurrency, it's a must to study and research on it before investing.
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