Atleast take some profit. Having it all in crypto is very irresponsible.
It depends on your plans a young person may decide to invest most of his earnings in bitcoin at first and as he becomes older he could begin to invest in safer alternatives, while I do not know how many people are doing this, this is in fact a very known tactic when investing, when you are young you need to invest in assets that give to you the biggest profits but when you get older you switch and invest in safer options. 
Topic: Is it smart to keep all or almost all savings in prime cryptos like BTC, ETH? (Read 1196 times)
December 14, 2017, 11:51:51 PM
December 11, 2017, 06:07:03 PM
Yes, this is quite safe, but you missi the opportunity of some real 100X gain, which happens only with coins relatively unknown.
December 10, 2017, 05:48:37 PM
Banks will not give you high interest on deposits. Bitcoin and other altcoins can multiply your investments and multiply them by zero. As I understand from your message, you are ready for this. Just calculate the percentage of your income in real life, which you can invest in crypto-currencies. There is always a risk.
December 10, 2017, 04:49:15 PM
If you are a risk taker then its your call. Personally I wont keep all my savings in crypto, I want to have a balance between having fiat and cryptocurrency because we never know what will happen in the future. Maybe im still skeptical about the fluctuating value and I don't to risk all my savings.
December 10, 2017, 03:40:11 PM
I keep all only what I can afford to lose. I accept the fact that I can lose it all. Keeping all in crypto is quite stressful
If you want to store coins within a wallet and you are hoping to make money on it then just put the money in Bitcoin.
December 10, 2017, 01:26:55 PM
I keep all only what I can afford to lose. I accept the fact that I can lose it all. Keeping all in crypto is quite stressful
If you want to store coins within a wallet and you are hoping to make money on it then just put the money in Bitcoin. December 09, 2017, 10:22:13 AM
I keep all only what I can afford to lose. I accept the fact that I can lose it all. Keeping all in crypto is quite stressful
December 09, 2017, 10:09:54 AM
Yes, In this case your money is more safe if you invest in Bitcoin, Ethereum, Litecoin, Dash, Monero and Ripple. Coins with lower market caps can be easily manipulated by whales and investing in them is like a gamble.
man bitcoin is also being manipulated haha, but i guess it is a good one because it gives you so much value with its massive price pumps
every market has its manipulations. there are no exceptions in the real world.
what matters is that how much a market is manipulated and how successful it is. i would say for bitcoin the success rate is small and it is shrinking as bitcoin grows bigger.
but for altcoins it is extreme because when someone simply has millions of some coin out of thin air (eg. premining it) that is not a fair market you can play with. you either have to stay away or go with the wave and dump before the whales do.
December 09, 2017, 09:56:34 AM
very smart if there is someone who stores btc and eth let alone in the long run. because eth and btc now has become one of the coins that have good price and bright potential in the future.
December 09, 2017, 09:44:41 AM
Hi,
Anyone is doing this? Basically if I am not wrong BTC, ETH and maybe a few others seem pretty safe. Money in the bank gets nothing in return.
Is there any drawback/risks from keeping one's savings in these top cryptos for the long term? I don't see how they could all crash rather than bring you significant returns, compared to keeping the money in the bank, watching it stay the same year after year?
Maybe these cryptos go down a lot, but in the long term they are always going up.
Is this a smart thing to do?
Thanks in advance.
Anyone is doing this? Basically if I am not wrong BTC, ETH and maybe a few others seem pretty safe. Money in the bank gets nothing in return.
Is there any drawback/risks from keeping one's savings in these top cryptos for the long term? I don't see how they could all crash rather than bring you significant returns, compared to keeping the money in the bank, watching it stay the same year after year?
Maybe these cryptos go down a lot, but in the long term they are always going up.
Is this a smart thing to do?
Thanks in advance.
For me that would be the smartest move. Keeping your money on Bitcoin and Ethereum. Putting my money in the bank is not that I can call an investment. In our country, the highest annual return in the banks is 0.25% and it is also taxable. So after a year, you get losses and your money is subject for inflation. It is the safest move if you will invest in cryptocurrency, put it in prime coins but if you want for faster results, I suggest try investing on other altcoins and ICOs. All you need are proper knowledge about it.
December 09, 2017, 09:41:33 AM
Absolutely yes, I believe btc and eth are the best coins to hold, I do not like quick flipping in icos or pump or dump, if you think the same then just hold btc and eth.
December 09, 2017, 09:37:43 AM
well a long time ago i would have said no way that they have already had there run and you can make a lot more in other coins. But after the events of this week who knows maybe it is the smart thing to do. What if bitcoins rise doesn't stop and it reaches 20k usd in price soon. than all the people that sold theres and are waiting for bitcoin to dip before they buy back will all miss out.
The situation turned out that it has become really a very smart decision to keep all cryptos in Bitcoin and Ethereum. The market of cryptocurrency is shaking — the unpredictable situations happen, some exchanges are offline as they are overloaded.
December 08, 2017, 01:54:36 PM
Maybe this isn’t smart but it is wise to keep your investments in some most popular cryptocurrencies. ETH continue to grow, Bitcoin smashes $15000 barrier already. So this is wise decision to buy this coins.
December 07, 2017, 04:09:40 PM
Yes, In this case your money is more safe if you invest in Bitcoin, Ethereum, Litecoin, Dash, Monero and Ripple. Coins with lower market caps can be easily manipulated by whales and investing in them is like a gamble.
man bitcoin is also being manipulated haha, but i guess it is a good one because it gives you so much value with its massive price pumps
December 07, 2017, 04:07:35 PM
I already keep my savings in bitcoin and ether but I think I'll sell part of it as I think that the price will drop a bit for everything but for now I'm in meditation 
December 07, 2017, 03:51:59 PM
In general the closer it is to the top in market cap, the less of a risk it is. But it is all a risk to some extent.
The biggest mistake I made early on was to go all-in on alts and not have any BTC. Thankfully I rectified that, and I now have a split that I'm happy with. But I would say always have a good percentage of your crypto in BTC.
The biggest mistake I made early on was to go all-in on alts and not have any BTC. Thankfully I rectified that, and I now have a split that I'm happy with. But I would say always have a good percentage of your crypto in BTC.
December 07, 2017, 01:53:59 PM
Yes investing in prime coins are somewhat safe. But investing in New coins, ICO are like gamble.
December 05, 2017, 10:28:42 AM
Actually Yes, BTC and ETH are the only currencies that is safe to entrust all your incoming savings. This a smart move cause you are consistently aware of the outcomes of your savings time by time instead of investing big time all at once. But in my stance, I keep all my 70% savings to ETH and BTC and 30% to my USD wallet. Just to have a safety line to fiat and currency cause sometimes these cryptocurrencies are having some major breakdowns. But it is all up to our personal strategy. Hope we all make our plans and keepnour savings and investments safe. Goodluck!
December 05, 2017, 10:24:36 AM
Smart split seems to be needed at all times in order to make sure you have more chances to avoid any fail just in rare case that everything goes wrong, even in theory. Going or keeping "all in" every time with regard to anything can be risky.
December 05, 2017, 10:23:39 AM
Hi
Even though i do consider Bitcoin, Ethereum and many other altcoins as reliable, I do not think you should keep all your savings on just crypto whether Bitcoin, Ethereum or other altcoins for that matter, as it is always good to have some cash around in case you need it for whatever, or even gold. So yeah...a great percentage of savings in crypto is good but also real cash and gold.
Even though i do consider Bitcoin, Ethereum and many other altcoins as reliable, I do not think you should keep all your savings on just crypto whether Bitcoin, Ethereum or other altcoins for that matter, as it is always good to have some cash around in case you need it for whatever, or even gold. So yeah...a great percentage of savings in crypto is good but also real cash and gold.
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