Topic: Transfer My Entire Savings to Cryptocurrencies? - page 18. (Read 4072 times)

I personally will not put all of my money on cryptocurrency it's such a risky way, it is better to invest only what you can afford to lose, just don't put all of the eggs in one basket if you won't lose it, about cryptocurrency that you'll invest I think they should have better future, in my opinion for now bitcoin and etherum are better while the other I'm not sure, too many altcoins in this industry.

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.

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.
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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.
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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.

this is a bad decision to transfer all your funds into cryptos, this a high risk investment

My advise is that you can divide your fund into two then invest half in cryptocurrency. My advise on the exchange finance exchange is a good exchange I recommend you continue with the exchange.

As many others have said, I would not put all the money in the crypto world, why not split it 50/50 or whatever suits your risk willingness.
A note on the exchanges: In the end, I would use different exchanges, so if one gets hacked you will not lose everything.

Beside this the most important point IMO is: transfer the money to your private wallet and store it in a paperwallet or a hardware wallet like the Nano ledger. It will cost you a bit for each transaction but once your money is stored on something not connected to the internet you won't get hacked anymore

Or better would be not to invest all in one cryptocurreny and decide it into multiple so as to contain the risk.

I think that these are not justified risks if you transfer all your funds to Bitcoin. Really, each of us has 100% confidence and confidence that Bitcoin will grow further? You think, after all its value for today is unreasonable and that will occur in the future it is not known.

If you have means and character required for you to stay focus on holding your coin even when the tide is working against your portfolio, why not If not. Till date there is no any asset that has out perform bitcoin.

If you have huge sum of money, risk only 40% at most.

Never exceed some certain levels to protect your life. You can get rich, but you can get a poor person at the end if you take excessive risk.

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 !

NO NO, that is not a good idea, you may take a very high risk that you will lost money if the coin you invested in crash or become useless because cryptocurrencies are just digital money, it may lost forever, so i wont suggest you should do that, instead you should split your money in half, one for cryptos investment, one is for investing somethings else.

A bird in hand is worth two in the bush, if investment in the stock exchange has proved to be very lucrative, I really don't see any reason you would stop that and invest into something even more riskier. Just invest some of the money that you have made in cryptos but i suggest you don't go and invest a whole lot.

Many have turned all their money into crypto instead of saving. If you make the decision to invest in crypto this will be a good choice. You can make a lot of money from this.

I wouldn't recommend you transfer entire savings to cryptocurrencies, I think it wouldn't be a wise decision. You should invest a reasonable amount not more. Binance is a good exchange you can continue trading there.

Its true that there is no return in this world as there is in cryptocurrencies. We generally see there is a coin each day which gives a 80-100% rise. Thinking this even if you aren't lucky enough you can make such return easily in month. But then comes the next question which is regarding the security. In my mind I don't even know a single exchange which doesn't has any scam or accusation against it. So I recommend you shouldn't transfer whole amount to exchange begin with small amounts only.

Cryptocurrencies has a lot of surprises although we believe that bitcoin will grow and that will really make us profitable and rich still some of the cryptocurrency cannot say that they will live just like bitcoin had right now, if we will invest our money I suggest to do a 70% savings on bitcoin and 30% save it in a bank.

Although, I really love bitcoin and would love to have it as much as possible still  I wont risk all my money and saving for this crypto, I will be grateful to have this but not all, what if I need money? then I will have to cash out my bitcoin savings what if that time it is at low price right?

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.

Very bad idea. Risks are excessively high. The negative outcome of the investments will leave you without any savings. And this leads to destructive consequences.

Fomo always make people act like greedy , you need to be wise to spread it instead do allin.
But of course it is your own money and if you think you can be responsible on any action you make to take that high risk , why not?
It gives you a big potential return , as long as you aware about the scheme where your whole money could disappeared in crypto!