It's smart thing, as you can see the marketcapitalization of the cryptocurrency goes even more. That means the more demand will come to the crypto to increase the price.
But it will be better to learn to get in at the bottom of the price. it will become a very good choice to invest your money or keeping it for the long term investment.
But remember there is another promising project just like eidoo to store your money. remember each eidoo even worth $1.8 and this time the price was $2.3
Topic: Is it smart to keep all or almost all savings in prime cryptos like BTC, ETH? - page 5. (Read 1244 times)
November 14, 2017, 06:17:04 PM
November 14, 2017, 06:05:52 PM
I believe yes specially those belong on top 10 it is more secure because you can see that it is not a scam and some/many invested those coins.
November 14, 2017, 05:45:08 PM
There is too much volatile on the market, you can not just put all your life savings in here because you dont know what is going to happen.
Maybe another crazy guy wants to do a new revolution just like it happened with bitcoin cash on the last few days, and maybe he can make it done, and replace bitcoin, and if you are not smart, you are going to lose all your money in a few hours.
It is so risky, this is the main reason of why i would not put all my life savings in here. Investing in bitcoin is just another source.
Maybe another crazy guy wants to do a new revolution just like it happened with bitcoin cash on the last few days, and maybe he can make it done, and replace bitcoin, and if you are not smart, you are going to lose all your money in a few hours.
It is so risky, this is the main reason of why i would not put all my life savings in here. Investing in bitcoin is just another source.
November 14, 2017, 05:42:19 PM
^^^^ What this guy said. Dont invest what your not willing to lose. These currencies are still VERY young and suffer from crazy volatility.
November 14, 2017, 05:39:15 PM
You'll hear this all the time, but don't invest what you cannot afford to lose.
Whilst everything is good, it's easy to think that there is no risks in keeping money in the popular coins. Unlike a bank though, there is no protection and if something were to happen to make the market plummet you will lose a lot of your money.
Whilst everything is good, it's easy to think that there is no risks in keeping money in the popular coins. Unlike a bank though, there is no protection and if something were to happen to make the market plummet you will lose a lot of your money.
November 14, 2017, 05:16:17 PM
Well, I think there are always risks, for example, I keep 80% of my savings in a cryptocurrency, but it is very risky and it's better not to do so.
November 14, 2017, 05:15:44 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.
November 14, 2017, 05:09:32 PM
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.
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