Topic: Is it safe to invest all my savings in cryptocurrencies - page 30. (Read 4662 times)
I think it's not safe to invest all your money in the cryptographic market. You should keep some capital in order to prevent things that may happen such as the price of the coins down, the market changes. Do not put all the capital into a coin. Choose to buy some valuable coins in the market.
It is a wrong choice to invest all your life saving into crypto currency, In crypto currency only invest what you can afford to lose, because the crypto space is a volatile space, just keep your saving in the bank, when you have enough money to spare then you can invest.
Your savings, of course, cannot and should generally be split into parts and invest each part in different projects
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It would be risky. It is like you will gamble all of your savings without the assutance of earning profit especially at times like this that the cryptomarket is on continuous downtrend which scares most of the investors. It would be a more advisable thing to invest only some of your savings and to wait for recovery to start. Also be careful on the crypto that you will invest because not all would be a good one. Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It will be a very bad decision for anyone to do this. If the cryptocurrency fails, you are doomed forever. Invest only a part of what you have. Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
Crypto currencies do provide great opportunities for profit. Your steps to investing in it are a good step, but you need to first study the projects that interest you to avoid things that might harm you. I think by investing all your savings at risk, I suggest making an initial investment with only a few percent of your wealth.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I will advise you not to invest your saving into crypto currency, crypto currency market is so volatile and you could lose the money because of the volatility of the market, so it is good to keep your saving in the bank.
Taking all your savings from bank to invest in crytocurrencies is not a prudent and wise decision, you can better still take some percent to invest In some stable coins, investing in crypto is good but you must be aware of the volatility of cryptocurrency so you prepare for the risk which is why it's not wise to invest all your savings into cryptocurrency,,, always remember invest what you can afford to lose
This is not safe, do not build illusions, but if you successfully invest, it can bring quite a good profit.
If you want to learn the crypto market, try. This is a suitable time for you to invest a small sum. As the whole market is at a very low level since the beginning of this year.
The risk in cryptocurrency surpasses risks in any other investment class. It's too volatile for you to invest all your life savings in. Very confusing, today you can make a whole lots of cash and the next minute you can also lose everything. Don't put all your savings in crypto, 15% will be okay. The advice is not to invest more than you can afford to lose.
Investing all savings in crypto is the worst thing which you can do, because crypto is very unstabe and you can not be sure about profit. If you really want invest do it but only with safe amount which you can lost
I don't remember how many people here have said that they are going to invest all their money in crypto. What risky idea it is. I think if someone has even a little idea about the market, they will never do that mistake. Ask others.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
just put it in your bank, investing all of your life saving into crypto is a huge no no you will never know what will gonna happen to the future of the cryptocurrency, i think investing on stocks will be better but not all of your life saving just a part of it, stocks may be volatile but not the same level as crypto currency . 
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
not at all invest 25% of your savings in crypto and keep the rest of the money in the shape of fiat and make the portfolio of crypto to diversify your risk moreover this is the best time to buy the dip but not with all of your money
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I do not think this is a wise decision. You should know that you can only invest what you are ready to lose. Now a very unstable situation. I would not advise you to do this
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
I wouldn't recommend you to invest all your savings on crypto-currency. You should keep in mind that crypto currency investment is filled with risk. There is no guarantee about the future price. You might end up falling in a dilemma about cashing out your investment or not when you are in dire need of money, specially during price fall. Better to keep some fiat backup just so that you remain financially safe.
dont invest all. you can invest 50% of your money in crypto now. anyway crypto has a bright future and total market will be around 3 trillion in coming years
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
No that is not safe because:
1) Any wise person will ask you to diversify. This is for more safety.
2) Crypto prices are very volatile. Your funds might be locked for some time.
3) Another issue possible is that if you invest all in crypto (and it is high amount), you may come in radar of tax authorities.
Am thinking of investing my savings instead keeping it in the bank,is cryptocurrency a wise choice?
It is not wise if you are not sure of what you are doing. How much is your savings?Invest only what you afford to lose, this will be the reminder for you by everyone.
Jump to: