Topic: Now Is The Time To Invest Your Life Savings In Cryptocurrency. $150,000 invested (Read 256 times)

Wow, if I was you, I really wouldn't put my life savings into crypto. While profits may be good, the market is unpredictable and may just cause you to lose everything. Also, where do you get all these analysis from?

What a strange post! Well intentioned I suppose, but wouldn't you think that people here in bitcointalk have already invested?
Also, the coins that you have put your money in, nothing new or cutting edge about your advice.

But on a side note, you really put your life savings into crypto?
Phew! That is incredibly risky.
It seems like you have thought about when these coins will reach their peak, but have you thought of an exit strategy?
How are you going to liquidate that large amount of assets and how are you going to pay tax on them?

If you are the evil type (well, evil is subjective I suppose) then you can use localbitcoins.com and just sell directly to someone.
I have a couple colleagues that even deal in cash only.  They put up a sell advertisement, meet the person face to face, then exchange the btc for cash.  They don't report it when filing their taxes.
Another colleague even has people mail cash to him.  Yeah, I don't think I would do that.

If you are thinking of cashing out through exchanges, that is incredibly difficult to do.
On most exchanges, even with the highest level of verification, you are looking at only a couple thousand to tens of thousands a day.
And you withdraw that to a bank so you would have to report taxes on it.

Well, I guess what I am trying to say is, with such an incredibly large sum of money invested, back up plans for back up plans on how to cash out are necessary.

I think invest is good idea. Joining in cryptocurrency will get many rewards if they work hardly. Lets go to invest or you will regret 

The fact is that a lot of what you portrayed here is what people know already while those who will invest, will still do it and those who wouldn't will still not be involved. A lot of people knew when ETH was 11$ but they did not invest now today, they will blame the whales for being responsible for why its price its touching $1000. You have said your own but know that its a risk which you are willing to take but some people are not cut out for such amount of risk especially when it comes to an emerging currency like what we have in our hands.

I recommend you wait for a dip in the market and then invest any money. Altcoins in general - they are showing positive movement so even if they dump they will start pumping again eventually.

Although I agree that investing in cryptocurrencies is probably the most profitable thing you can do, it should also be noted that it also involves huge risk of loss. You can as well go to a casino.
As was said many times: you should never invest more than you can afford to loose. If you sold a house to buy some altcoins, there's probably something wrong, unless you have another 20 houses

Investing money that you can't afford to loose is arguably the most foolish thing you can do.

By all means invest and reap the rewards, but don't put your financial future at stake.

What a joke, whoever believes these "predictions" should stop investing in crypto!

Yes, now the market is in very good growth. I think for investment in the growing position is not the best moment. How long will this growth not be understood. Will not the recurrence of prolonged depression, as in the fall?

Lolx, Ethereum go back to $100, YOU'RE INSANE

The market is literally skyrocketing, I truly believe that this is the year for Altcoins. Ripple and Ethereum are shining right now.

Litecoin served 186502 transactions yesterday, bitcoin 392442. It's a matter of time for Litecoin to replace bitcoin,  Litecoin has all advantages of bitcoin and can serve x4 more transactions on chain just now, and there never will be a limit on block size so litecoin can scale both with LN and on chain bitcoin cash style scaling.
Litecoin is bitcoin made right.

I am pretty sure that you are wrong about Litecoin replacing Bitcoin. I do agree that people should invest more than they can afford to lose.

Although it is now the best time to CryptoCurrency. But I don't recommend putting all the money in. CryptoCurrency investment is a high risk and high return project. All I would advise you to invest in idle funds. Keep an investment portfolio at the same time.

Please don't put any money in you can't afford to lose. I agree on litecoin, though. It's a coin made by actual engineer, only coin with a fair launch in all crypto space. Litecoin can replace bitcoin as a currency soon.

Let me tell you about the Cryptocurrencies. I am pretty sure you have constantly run into articles about the Internet of Things. Well, Cryptocurrency is going to fuel this. We are the early investors of a new era. Remember when the internet was invented, you would have become Bill Gates if you invested what you should now. Here is the case, and heed these words. You will regret it for the rest of your life if you do not. I have completed 700+ hours of unpaid research, but the crypto pay shall be grand..

Bitcoin (BTC): If you have some, hold onto it, it is not done increasing. But it will crash terribly because of one deed. So time wisely. I cannot say when, for I will be targeted as a suspect when it happens.

Etherum (ETH): is increasing tremendously, but it will go back to $100. When it does, invest as much as you can, but not everything. It will increase to $250 by the end of next month. Eth is a good increase, but I waited too long to start investing in this. If you have a lot of Eth, hold onto it and prepare for wealth.

Litecoin (LTC): Ah, yes. I have invested plenty into this, and so should you while it is the lowest it will ever be during this week or two. It will increase tenfold in the coming 2 months. I have sold one of my houses for this investment, and let me tell you, it is a good deal. You must invest in LTC if you are a late investor. Invest at least $50,000 and you should be fine.

Ripple (XRP): it will reach $3 low, $5 high by 2018

My life savings are invested in the Cryptocurrencies simply because they are the future, and the future is now. The bitcoin increase from 2013-present was only the beginning.

Let me tell you, invest or regret.