It is very risky to use your entire savings to invest into crypto-currencies, there were a lot of stories about investors who became millionaire after a crazy bull run in the crypto-currencies trading market last year, but it will be difficult to predict when will the next bull market arrives in year 2018.
Keeping your entire savings in cryptocurrency is not safe, I will prefer to keep my savings in fiat because the value will not reduce and more on that I will get little bit interest from the bank. You can use some of your saving amounts to increase your capital but don't use the full amount because this crypto market is not stable. 
Topic: Transfer My Entire Savings to Cryptocurrencies? - page 17. (Read 4072 times)
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
If it was me, I would not do that. I think I should only invest 50% of my money in this market. If you invest all the money you have, this is dangerous if you run into any risk. 
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
It is very risky to use your entire savings to invest into crypto-currencies, there were a lot of stories about investors who became millionaire after a crazy bull run in the crypto-currencies trading market last year, but it will be difficult to predict when will the next bull market arrives in year 2018.
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.
That is very true i am also suggesting that putting all of your savings in cryptocurrency is not a wuse choice because remember they are volatile and they have the capabilities to fall down and you cannot even know when will you ever needed the money so what if you need the money but the value are on a huge downfall that means you cannot immediately get the money or else you are gonna encounter a loss. I am suggestung that you just invest in them they are a great investment but always put some cash savings in some emergency purposes
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.
That is very true i am also suggesting that putting all of your savings in cryptocurrency is not a wuse choice because remember they are volatile and they have the capabilities to fall down and you cannot even know when will you ever needed the money so what if you need the money but the value are on a huge downfall that means you cannot immediately get the money or else you are gonna encounter a loss. I am suggestung that you just invest in them they are a great investment but always put some cash savings in some emergency purposes
Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.
Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.
Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.
Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.
Better to not to do thing thing because you gain to much risk. I guess you should save some of your money because how about if need a money that badly? Where you will your money? Too much risk will have a destructive consequences so you must think twice before you come up to this decision.
Investing al of the savings into crypto currencies is going to give huge profits with time but you have also made a very good point here. In case of emergency it would be a little bit difficult to transfer crypto coins into cash first and then utilize that cash according to the situation. Paper money is essential as it is accepted by everyone at the moment where as digital currencies still have to go a long way before they become legal worldwide.
i know a guy who sold every property he had and invested in BTC, current price was 7k USD. He took that risk and he got rewarded. Bold move.
I seriously don't understand why everybody is dead set on putting all their money into cryptocurrencies. It isn't a guarnteed thing people despite the fact there will be much growth in this area, nothing is a guarnteed thing! I would tell you to take all your money out of stocks and invest at most 50% here. That way if you mess up you can invest more but you won't end up being broke neither. For exchanges try sticking to the top ones to begin as they will serve you best most probably. That includes exchanges like Poloniex, Bittrex, Binance, and Bitfinex.
If you feel that you have entered the market long enough for you to understand and grasp the market, then your investment decision is reasonable. But if you are still vague about the market and do not understand it, then I think you might consider investing only a fraction of your assets because you can not invest all your money. Save on a market where you have no knowledge of it. While the Cryptocurrency market is relatively new, the chances are high that risk is high, consider this.
others have gone to the extreme of selling their houses and everything in it so this isnt really new but you need to get your timing right to avoid holding your coins for too long to recover your invested funds but transferring your entire savings am not in support of this, try go with 70% of your savings or invest in different crypto projects, not one.
You should do it sooner. Value for money is falling, saving every year will reduce 5% of value. Cryptocurrencies is increased by 50-100% per year. So you can see what is a valuable investment channel
I agree with stocks but I think cryptocurency is a good choice as well for now, it's a risk here is much higher but if you can keep your account safe I think it does not matter, for example use google authenticator double security, or add a phone number, so suppose your account is hacked they still need a password to login.
I hope this helps
I hope this helps
Diversification is a game changer and that can save you from losing money. Putting your savings in cryptocurrency is really a good decision but learn to spread it. Invest and hold good coins so you can have your profit in the future.
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 don't think that it is risky until you handle it according to your need and also according to the market . Here if your money is at the third party site ( trading exchange ) then surely you are under the risk because if it is site than that is hackable but still we should be sure 99% that not only your money is at your site but also many people have putted Thier money and also security is high . Here my suggestion for you to have account at all possible trading exchange and sites because this way will help you much to lower the risk of hacking loss .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.
Since in my whole career of crypto I seen once the incident of etherium theft at every secured exchange but after that no hacking like things .
So be sure that there is no risk to out your money at trading site .
Investing on bitcoin will make you a very rich millionaire or everything is gone before 2020 ! So make sure that you've think very carefully before invest all in.
I'm ever read about 1 family that invest all in into bitcoin so for now, they on profit point ! After some issue like South Korean exchange's problem ,etc they must prepare that bitcoin is going to downtrend once again !
It seem like something funny although bitcoin is very good for investment and you can invest here as much as you can even rich are also investing here and now a lot of banks have accepted bitcoin so now it’s good for investment but I did not see any one who invest their all money in bitcoin and even I will never do so because only little part of your investment can make your money double and everyone are doing same. I'm ever read about 1 family that invest all in into bitcoin so for now, they on profit point ! After some issue like South Korean exchange's problem ,etc they must prepare that bitcoin is going to downtrend once again !
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Crypto currency investment is quite different to stock investment and there's no crypto currency exchange that will refund all your investment if any hack issue occur which is why I think it every important not be greedy in terms of crypto currency investment.
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.
good for you mate but absolutely you are correct trading investment in cryptocurrency is have much greater risk, and right decisoin for your money investing into stock exchange become profitable but be careful you need to monitor your unvestment from time to time to avoid losing of your money.Quote
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.
do not push yourself to put much to invest in cryptocurrency, the risk using online exchange wallet is still have a risk if you didn't know to protect your investment alway take care of your privatekeys.
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.
as i said above do not push yourself to invest much into cryptocurrency small amount you can start to invest become profitable you need to save for daily needs, binance as i heard are have good reputable online exchange using for trading job.do not push yourself to put much to invest in cryptocurrency, the risk using online exchange wallet is still have a risk if you didn't know to protect your investment alway take care of your privatekeys.
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.
As for your exchange question, yes of course. There's a couple good reputable exchanges out there such as Binance, Bittrix, etc. Your worry about hacking is unnecessary. I know for Binance, even before you can log into your account to see the balances, you have to have 2FA enabled. If you try to withdraw any currency for any amount, you have to input the right password, 2FA, and also it sends a confirmation link to your registered email account.
No need to worry about putting large amounts of money on exchanges.
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