plus yes, it is always risky 
Topic: Transfer My Entire Savings to Cryptocurrencies? - page 11. (Read 4040 times)
I would say that we need to know what are the amount of your savings, before answering that question plus yes, it is always risky
plus yes, it is always risky Do not do that. We should be living a way. Profit comes with great risk. Do not know what will happen. Do not take the risk: D
He should take a risk but that this big. Investing all savings is not wise. He should do it in conjunction with some real estate projects or he can go for gold as well. Investing all in the market with no experience is going to be a full time risk. Either he can earn huge amount or lose all that he had saved so far. My sincere advice is to go for investing half at the moment and increase it later when got some experience. 
dont put you all of money you can't afford to lose it, invest or trading is risky to lose of money
so, it be better to be smart for the investment.
As far as he will be choosing bitcoin, I am actually going to pump him for this action. It will be the best decision of his life. Even if he does not possess the skills of a trader, a simple holding which is world’s easiest task, can make him millionaire. Let’s take example of Eric, a 12 year old who invested in bitcoin at early stages and did not give up on his asset for years was rewarded with millions of dollars. so, it be better to be smart for the investment.
I think that this is too risky. Yes, you may get much more but on the other hand who knows what will happen in the future. You can do this right now but maybe not your entire savings. at least some part
The most riskier thing anyone and specifically experience trader will put all his eggs in one basket. I think one must only invest the amount he or she is comfortable to lose, and this rule shouldn't ever be broken.
Most replies here says it is risky which I also agreed since crypto market is a very risky form of investment but as long as you are careful in selecting your coin to invest there is no doubt you can multiply your investment in several folds in the future
Good information you have shared and the logic is also good because everyone wants to be safe and secure, Crypto exchanges are good and secure also because when you are using any exchange they some security relevant verifications if you do these verifications properly than you have no chances to stolen of you money because scammers have no chances to hack if you have proper verification for your mobile and pin code and tow factor verifications,
for me, i will not put all my savings in crypto.I would rather invest fifty percent of it and keep the other half.Just in case myinvest doesn't work good,i still have money left to be used.Not all of us are lucky in one type of a business so you still have money left to capitalized for another business
Divide the 50,000 into 5 and put them on five strong exchange like kucoin,poloniex,okex,cryptopia and lakebtc. With this strategy if one or two exchanges got hacked or compromise you will still have something to lay on.
No man! No way! The market now is so unstable! Follow risk-management
Actually, this is a nice point to enter the market but always remember about risks!
If you want to invest here, start with 33% of your finds, 33% I would like to recommend to invest in traditional markets and 33% leave to yourself and decide what to do with them later
This is the safest way of investment
Actually, this is a nice point to enter the market but always remember about risks!
If you want to invest here, start with 33% of your finds, 33% I would like to recommend to invest in traditional markets and 33% leave to yourself and decide what to do with them later
This is the safest way of investment
I think with security layers of binance you should not be so worried about security. However, anything can happen. In general, high risk is a big profit
Yes, risk is already given here in Cryptocurrency though let say that security layers is already in a high secured but we shouldn't be feel comfortable with it, anything can be possibly be happen. So it is not advisable to transfer all your savings to cryptocurrencies even though it was profitable but it was also high riksy.
I think with security layers of binance you should not be so worried about security. However, anything can happen. In general, high risk is a big profit
As many others said, it is not recommended to do so but of course the decision is yours. You are free to do whatever you want with your money, it is OK to put all your saving into crypto as long as you are ready to accept the worst case. Otherwise, you may regret it so much.
Because in the end of the day he's the one who will decide for his investment because everyone here advice him not to but if he still do then he really have the courage to risk all his savings. I just hope I don't see him post here again and mocking how much how he loss.
Though to be honest, these days are the best to invest before the third quarter starts because bull will be back in the market.
If you take extreme risk, you can retire very much earlied than a regular person, but you can also be in danger with crypto investments. Because you won't have fiat money savings in your accounts since you asked this in the thread.
As per what i have seen on your current status, you are already on this forum for a long time and you are an experienced person enough to do this kind of decision. If you want to play safe on your investment and still not decided to put it all in bitcoin then try putting other on altcoins.
Though the decision is yours to make, I just hope you have made your mind now and noticed that almost all would say not to risk it all. As you have said, you are aware that if anything bad happens like the hacking issue, you have no guarantee that you can get your investment back. Good luck to you.
As many others said, it is not recommended to do so but of course the decision is yours. You are free to do whatever you want with your money, it is OK to put all your saving into crypto as long as you are ready to accept the worst case. Otherwise, you may regret it so much.
Because in the end of the day he's the one who will decide for his investment because everyone here advice him not to but if he still do then he really have the courage to risk all his savings. I just hope I don't see him post here again and mocking how much how he loss.
Though to be honest, these days are the best to invest before the third quarter starts because bull will be back in the market.
Just take some of your investment and buy a crypto with it, Do not keep your crypto currency in exchange because many of the exchanges have faced the problem of storing it in the wallet. Download your personal wallet and move your coin into it. Consider buying a hardware purse because this is the safest.
I dont think transferring all your savings to cryptocurrency is a good idea. We know that it is very risky to do. But it is all up to you, it is your money, but you should bear in mind that cryptocurrency is very volatile, so I guess it is not a wise idea to do it. Maybe you can gain a lot but also there is this risk that you may lose a lot. So think about it very carefully.
As many others said, it is not recommended to do so but of course the decision is yours. You are free to do whatever you want with your money, it is OK to put all your saving into crypto as long as you are ready to accept the worst case. Otherwise, you may regret it so much.
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 wouldn't recommend that if I were you. Since you have noticed that crypto is so volatile and might even go to zero if something will happen very wrong.
In my opinion, you shouldn't transfer your entire savings to cryptocurrencies. You can keep a decent amount (20 percent of your savings) with you in case you need it. By the way, as you have got the funds trading cryptocurrency is a good idea. You can make a good profit in the long run.
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