Topic: Transfer My Entire Savings to Cryptocurrencies? (Read 4072 times)
the experience of each person will make absolute decisions personally, if you do not have this do not ever invest fully blindly and only rely on self-confidence, do it slowly while looking at the conditions, if you are very confident, then consider also storing it in the form of USDT as a safe alternative before making another decision.
Not bright Idea because if you invested your money in DecemberDecember 2017 your money gone and only have a little bit for sure because price decrease very low. But better to invest right now some of your savings not all.
I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
If I were you, I will not do it. You should refrain from putting all your money to cryptocurrency even if you think it's the revolutionary trend in his moment. You should think about the insurance of your fund, so dividing it into two or more means of investment is what suits best for your funds.
Unfortunately, no exchange can guarantee that it will not be hacked. Of course, good exchanges will try to pay the money that hackers have stolen, but still ... If you plan to invest in cryptocurrency, then I would recommend transferring them to a hardware wallet after buying, so your assets will be safe.
Before you do this my friend, you will prepare yourself first for the possibilities it will bring to your life. For me, your plan was very dangerous. I can not really imagine that you transfer your entire savings to cryptocurrencies investments. Only one mistakes here, your life will be affected and ruined.
Yes I agree with you, better to be prefer of what is really happen to your savings once you entered in cryptocurrency because yes we know this is great opportunity to earn money but it is also cause for you to lose your money when the coin that you entered decreased the value or any investment. 
Don't you think that it is now too late to do this? If you had done the same in 2011 or 2013, then you would have become a multi-millionaire now. But crypto has gone up by so much and now it will be too risky.
Before you do this my friend, you will prepare yourself first for the possibilities it will bring to your life. For me, your plan was very dangerous. I can not really imagine that you transfer your entire savings to cryptocurrencies investments. Only one mistakes here, your life will be affected and ruined.
I think you should divide up the funds for your investments and consider your decisions. Before investing in the electronic money market you should understand its risks. You should equip yourself with knowledge of this market before joining
switch your money to cryptocurrency is right. however higher in case you invest best the extra cash due to the fact cryptocurrency is volatile investment and viable your money gone if the altcoins that you buy unload or long past. however as soon as the altcoins you purchase boom you may get more earnings.
But not everything! You must agree, the guy should leave the money for his life and emergency. Yes, the crypto investments finally bring the profits but you will have to wait for it too long! Just think it over.
Exactly not everything here in crypto can you ever have to trust on , what exactly also have to think is how much money are you able to save by your self that making profit and make to have some double your money for are not as to take to be bad but always think every possible to happen.
I think investing in e-money is not a good idea. Invest in risk-free investing so you invest your spare coins so that it does not affect your life. 
switch your money to cryptocurrency is right. however higher in case you invest best the extra cash due to the fact cryptocurrency is volatile investment and viable your money gone if the altcoins that you buy unload or long past. however as soon as the altcoins you purchase boom you may get more earnings.
But not everything! You must agree, the guy should leave the money for his life and emergency. Yes, the crypto investments finally bring the profits but you will have to wait for it too long! Just think it over.
I would suggest you to make balance on how much money you want to put in your savings as well as in cryptos, better to divide it wisely, cause just like what i've said, bitcoin and other cryptos continues to prove itself in the market, there are also possibilities where it can give as better profit and it would be a big regret if you do not make wise decision on what to do with your money.
Right, when you take a decision like that, always remember that at least 35% of all your assets must be left untouched. The market is not stable, and you can lose before you earn.
I would suggest you to make balance on how much money you want to put in your savings as well as in cryptos, better to divide it wisely, cause just like what i've said, bitcoin and other cryptos continues to prove itself in the market, there are also possibilities where it can give as better profit and it would be a big regret if you do not make wise decision on what to do with your money.
I think I’m gonna agree with rumexx. You can invest a part of your savings in crypto and leave the rest on the stock. As for reputable exchanges, I think that you might try something like cex. They’re offering cold storage for crypto funds and many other security measures, which inspires confidence.
You should not put all your money in the cryptocurrency so you will not lose what you cannot afford to lose. You can divide your saving to a different coins so that if you lose the one that you invest there is on the rise you up from your lose. If you only invest in one coin the it lose you will not earn what you invest and you might say that if you did not invest in the crypto currency then you still have money for your daily needs.
Of course that is so. You should never invest all your money in one crypto because it is too risk You never know the future of the coin you invest in because the crypto is an uncertain world and one should hold a diverse portfolio of good coins to reduce his risk of loosing and maximize the future profit. You should also invest a part of your savings in some traditional asset to have a constant flow of income. 
I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
I think it would be too risky for you to rely all your necessities in crypto alome since you are investing all of your savings. There should be a limit when it comes to investment. There should be something left for your needs as well because it would be risky to put a lot in a kind of investment.
No this is not the best of all the moves, yes give at least 40% of your savings to bitcoin or any other long-term investment in the cryptocurrency but never invest all of your money in one market, no matter how sure you are you can never be certain of its success
transfering all the saving into crypto currencies will be very bad move u should be facing lot of problems once the crypto market is on crash mode so dont do that step
Investing all of your savings in to cryptocurrency is great decision because we all know that cryptocurrecny is will be the future of this world and if you can able to choose a great crypto, like bitcoin and ethereum for sure the money you will invest can grow very high.
Better not to put out all your money in stocks instead diversify you portfolio. Stocks are really ok for me in terms of making profit but yeah trading with cryptocurrency is a best market for me right now, I think bittrex is more secured compare to other but I'm not sure of course, better to do your own research about this but investing in cryptocurrency is always a good choice.
It was not an ideal to convert all your savings to crypto currencies. Because, based on the price in the market, it was not yet stable. And it is not marketable, so you can not easily convert it into cash when you need it.
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