Is it safe to invest all my savings in cryptocurrencies - page 21.

Nastinmel

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Activity: 378

Merit: 10

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?

No, no, and no. Look how many people have become bankrupts this year and give up the idea of investing all your money here! The best way is to invest 10-15% of your savings! The market is as risky as a casino!

tanvir232

member

Activity: 252

Merit: 10

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?

Investing all of your saving means you have nothing to use in the future. That's hugely risky. You should use a fixed portion for your future. Crypto market is highly volatile. You may end up losing 90% of your investments. So, I think you shouldn't invest all.

Harkorede

copper member

Activity: 2044

Merit: 793

That is definitely not advisable, In crypto the more you invest the more you could gain but also the more you could end up losing. And there is a saying that don't invest what you can't afford to lose. So, if you really know you can afford to lose all your savings then it could be worth giving it a shot, else you can minimise your investment in order not to have any inconveniences with you/or your family means of livelihood.

NotFoundGlobal

member

Activity: 314

Merit: 11

I'm not investor

That's not a good choice. However, CryptoWorld is sweet for get a huge profit. But if you are investing not at the best moment, you'll be cry every time.
But if you want trading, it's ok if you have skill trading

wanted sliter

member

Activity: 398

Merit: 10

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?

NO, it is not a wise move
invest in this market equal to prepare lose them all
I think you should invest what you're willing to lose. may be the half of that saving money

gogrowglow

jr. member

Activity: 308

Merit: 5

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.

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: iram1011 on October 04, 2018, 12:20:44 PM

Being an early investor in cryptos, I would suggest against it.

Divide your savings in at least 3 parts.

Put 1 part in saving account. This is for some emergency purpose. Don't care about the returns you're getting on that. They are the most easy to liquidate when required.

Put the other 2 parts in 2 different investment assets. Don't rely only on cryptos. Put one part in something else. It could be anything among property, gold, silver, shares, forex etc.

Good partition and i would suggest the same thing. 3 allocations will be ideal or making yourself avoid on possible wreckage when it comes to investment failure. Not all things will succeed and would go as your expected specially on this cryptocurrency where all is very volatile and unpredictable. Putting up your life savings full force will really just act or like that you are doing suicide. No assurance if the result would be joy or totally messed up your entire life.

Open4lies

sr. member

Activity: 552

Merit: 250

It's a really stupid idea. LOL. I don't think anyone in here willl agree with you about your idea cause maybe your money will be /10 or /20 if you invest in wrong cryptocurrency or wrong time. It's not easy to earn money by investing in cryptocurrency as you guys still think. Don't risk your money if you don't have enough knowledge and experience about investing in crypto.

mahilchii

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Activity: 560

Merit: 13

Quote from: Choyor on October 04, 2018, 08:03:56 AM

I think crypto investment is a very risky investment, before investing as well as we do research and study it more deeply, but all back again to those who have money, all the decisions are in their hands.

Definitely it is very risky to invest your hard earned money as it is in cryptocurrency. Either it can give you profit or you will lose money. Time and knowledge plays a big role here, if you invest then keep calm and have faith in cryptocurrency.

Rafiqul

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Activity: 1358

Merit: 10

www.cd3d.app

I think it is not safe to invest all savings in cryptocurrencies. Because invest in crypto is very risky although it is more profitable. It has no guarantee for any profit. So you can invest a part of your savings in cryptocurrencies.

iram1011

hero member

Activity: 896

Merit: 521

Being an early investor in cryptos, I would suggest against it.

Divide your savings in at least 3 parts.

Put 1 part in saving account. This is for some emergency purpose. Don't care about the returns you're getting on that. They are the most easy to liquidate when required.

Put the other 2 parts in 2 different investment assets. Don't rely only on cryptos. Put one part in something else. It could be anything among property, gold, silver, shares, forex etc.

jony35490

jr. member

Activity: 422

Merit: 9

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?

No it is not safe. Don't invest your saving money into cryptocurrency. Also don't invest your borrowed money into cryptocurrency. Because cryptocurrency investment is very risky. Anytime anything can happen.

r_delossa

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Activity: 490

Merit: 10

It is a great idea to invest in crypto currencies, rather than hold a bank deposit. But never invest everything in something you do not understand. Investigate a project and if you like it, invest a small part of your deposit and look at the outcomes first, before investing everything.

nurulhmani1280wat

jr. member

Activity: 394

Merit: 1

XEGGEX

Yes, cryptocurrency is a wise choice, because the current market price has begun to increase and soon we will get satisfactory results, instead you save money in the bank and after that your money will be deducted monthly, if you trade in crypto your money will increase if you invest right.

otunyot

member

Activity: 224

Merit: 10

If you invest all your savings provided you have a job that bring weekly wages, why not. Sometimes we invest with our hearts in our sleves. You may be seeing what other people are not seeing in terms of opportunities and future success. Go for it!

Diablesfunis

full member

Activity: 448

Merit: 100

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?

It's never safe to put all your savings into some kind of investment as the purpose is completely different. If you put your money into crypto then there will be investment risk as you can lose a large portion of your money, if you leave it at the bank then you'll only lose a little to inflation. I think you shouldn't use your saving to buy crypto and leave it for emergency fund.

mpandam123

jr. member

Activity: 177

Merit: 1

for now it is better to invest in cryptocurrency for example bitcoin for the next 1/3 year, because the value can go up if we invest in a bank it will get stuck

selenophile

member

Activity: 244

Merit: 10

No it is not. I won't do that necause of the fact that the market is very volatile and unpredictable. There is no assurance that you will gain profit once you invested in cryptocurrency. What I am very is it is risky and not adviseable. Yes, you can invest but not all your savings.

Holla123

full member

Activity: 504

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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?

Depends on your volume of savings. If it is a few K put it in different cryptos. If it is more, split it between crypto, real estate and silver coins. The silver coins is more for the mad max scenario while crypto well is the star trek scenario. Real estate hm long term always good but totally overpriced in general right now because the rich put significant money into real estate already.

godspree

member

Activity: 294

Merit: 10

To be honest I don't think that investing all your money in one kind of a thing is a good idea. The best strategy, it seems to me, to diversify your investment. It increases your chances to gain profit.

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