Is it smart to put all your eggs in one basket? No not really.
Is it smart to keep all your savings in crypto? This is a question for the future, if you end up being a millionaire then this will end up to be a "smart" move.
Topic: Is it smart to keep all or almost all savings in prime cryptos like BTC, ETH? - page 2. (Read 1196 times)
December 05, 2017, 10:16:33 AM
December 05, 2017, 09:46:07 AM
I do not think !You can not just put all your life savings in here because you dont know what is going to happen.
If u put all your saving to cryptos, a little drop will make u very discomposure.
It is so risky, this is the main reason of why i would not put all my life savings in here.
If u put all your saving to cryptos, a little drop will make u very discomposure.
It is so risky, this is the main reason of why i would not put all my life savings in here.
December 05, 2017, 09:35:48 AM
In case you are not a risky person and prefer to get better a small amount of profit money without a fear to lose much, you should better keep ETH, DASH and Bitcoin. Trading with smaller coins might be more profitable, but it is risky.
December 04, 2017, 05:13:04 AM
It is always wise to keep the investments in long term altcoins (BTC,ETH) .There are many other coins as well but it all depends on the market cap and their performances in the past. I still advise invest only what we can afford to loose , i would always invest 80% of the portfolio in major coins and rest of them in other altcoins based on the research and their market cap. Keep investing in good coins and reap profits.
December 04, 2017, 05:04:57 AM
as life showed, if I kept all my investments in bitcoin and eth, I would get a lot more profit than with altcoyins. now I'm sitting in the altcoys and wait until my balance is profitable
December 04, 2017, 04:04:15 AM
I don't think someone should invest all of his/her money in cryptocurrencies as their is always a risk. The prices of the cryptocurrencies are not stable and they might fall. I think someone should invest about 25% of his savings or maybe a little bit more but never 100% of it. If might not get loss even if you invest all of your money in cryptocurrencies though but still you should be careful and don't invest if you don't want to lose any money.
December 04, 2017, 03:49:39 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.
Yes, it is. In a way this is the choice of those people, who do not like to risk and who choose the variant that will bring them any profit, even the smallest one.
Risky persons often trust minor cryptos and win a lot, but the risk to lose here is also big.
December 01, 2017, 10:53:31 PM
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.
December 01, 2017, 10:52:12 PM
Yes it’s if the money nothing to do with your day to day life then it’s highly profitable to keep in crypto for long term .Based on my experience this money even nothing to do with critical emergency situation then you will get good profit.
December 01, 2017, 10:29:18 PM
It's risky imo, but who knows..if bitcoin went x 100 and crypto space in it's entirety went x20 then yeah...it would have been really smart.
But if not...
But if not...
December 01, 2017, 10:11:57 PM
I think its not advisable to invest majority of your savings in cryptos. Yes, there is no question that cryptocurrencies change the way we look at our financial capability. Yes its also true that you will profit more when you invest in cryptos than in banks. But you should always remember than these are digital currencies, and its very risky. You will never know when the value will decrease, its very unstable. Maybe its value today is very high, but it might decrease its value drastically overnight. I think its best if you invest 50% of your savings in cryptos and 50% in banks.
Putting your money in a bank is not really investing since you are not going to get any returns on it, remember it is a mistake to let your money sleeping in a bank account you are losing money when you do that, invest that money in a business, or invest in some diversified portfolio of stocks or buy gold or whatever, just do something with that money. November 26, 2017, 06:41:16 AM
I think it is not desirable, because encryption monetary itself has enormous risks, although for now, the mainstream of the COINS are up, but there is no guarantee that the future will also drop, even to zero
November 26, 2017, 06:01:54 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.
In my opinion crypto is not “free money”, do you have stress when you have your savings stored in a bank? Do you keep looking at your bank account to see if it dropped 20%. You will not have peace of mind when you have all your savings in crypto. Only invest what you can afford to lose, and if that is a big chunk then that is ok. Think of it like this, from the moment you put money in crypto then theoretically you have lost everything. If you are ok with that then sure.
November 26, 2017, 03:31:57 AM
yes, it is the right choice your money will be safe if you invest in bitcoin, etherium or litecoin. bitcoin is one of the safest ways to invest long-term because the price keeps rising.
November 26, 2017, 01:08:34 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.
Its depend upon you, if what you choice to save your money..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.
Btc and eth is good and safe, but when you start saving just becareful as always, and be wise.
November 26, 2017, 12:59:41 AM
Yes cryptocurrency will give you lots of gains in years to come but dont forgot that it can still be the other way around. Cryptocurrency or the blockchain technology is still very young and who knows maybe some technology will get these obsolete. What best to do is invest what you can afford to lose just like most people here says. If you dont want your money sitting in banks doing nothing. Try investing in other markets like stock markets or alike and not just in cryptocurrency.
November 26, 2017, 12:56:41 AM
Yes I guess, this is the right choice and can promising profits opportunities in terms of saving and waiting for profits that will definitely to gained in the long term. Btc and Eth have prices that tend to increase in the long run, and it's has been proven.. so far, from the previous months/years indeed is like that on its facts. Already many people to gain profits from Btc and Eth in investing.
November 26, 2017, 12:40:29 AM
Bitcoin and ethereum are the 2 safest coins to invest in the crypto market, so it makes sense that a big part of your portfolio should be in those 2. But id suggest setting aside 20 or so percent to invest in good and upcoming alts with promising futures.
November 26, 2017, 12:32:47 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.
I also invest my money in bitcoin and eth because in long term i know i can earn with these coins. However i didnt go all in despite of its potential, for me its not wise to invest all your savings because every investment has risk.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.
Its better to save atleast 30% of your money in bank so if theres emergency situation you have money to turn on to, its hard to rely in your investment. Nevertheless the decision is yours its just a piece of advise.
November 26, 2017, 12:27:56 AM
Atleast take some profit. Having it all in crypto is very irresponsible.
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