Topic: Transfer My Entire Savings to Cryptocurrencies? - page 24. (Read 4072 times)
It is good to spread your risk and not haveyohr investment stack in a particular segment. Investment in cryptocurency is the wayo go in this age,share lose value and return on share over the years cannot be compared to what crypto pays.but ensure yu research well on the coin you want to invest in.
It would be good idea. Personally, I receive my salary in bitcoins and I hold it in my hard wallet. I spend money from freelancing incomes and invest the rest in promising crypto projects. Remember, DON'T PUT ALL EGGS IN THE SAME BASKET. Your entire savings in crypto => yes Your entire savings in bitcoin => NO
You started it out well, and then you ended it badly. Sorry, I had to say that. I am not sure if the only place you get your salary is from the crypto world and probably you also get some from the outside world which you are saving some of it or investing in other areas. Sure, crypto may be here to stay, but the last word of even investing all in crypto is still a risky move.You should have a certain part of your savings into the crypto world, and then you can diversify some of it which i feel is the best thing to do.
I do not subscribe to the idea of putting all eggs in one basket. I am a believer that nothing is ever guaranteed hence you have to play smart at all times. While I am a solid believer of Bitcoin, I still do not recommend you to transfer your entire savings to cryptocurrencies because you would be putting too much risk on ALL your hard earned money. That move is not so bright and can in fact make you down to zero.
Always diversify in business. It is ultimately the key to save you from exigencies.
Always diversify in business. It is ultimately the key to save you from exigencies.
Diversify your investment to reduce your risk , don't put all your saving in stock or cryptocurrency. I think you should add some promising cryptocurrencies like Bitcoin, Ethereum and Ripple to your portfolio since they are very well know cryptocurrencies. you can be millionnaire if you pick the right cryptocurrency since x10 is nothing in cryptoworld but remember only invest in altcoin with high liquidity so you can cashout easily. When it comes to storing your cryptocurrencies, you need to store your erc20 and Bitcoin tokens in a hardware wallet.
Diversification is a game changer and that can save you from loosing money. Putting your savings in cryptocurrency is really a good decision but learn to spread it. Invest and hodl good coins so you can have your profit in the future.
I do read these types of threats over and over again and mostyl all of the answers sound like: never ever invest all your savings in afluctuable market like this. For sure you should have been doing this back in 2013 or back in 2014 or last month but even since I am a strong believer in btc and some alts (ltc, for example), your investment could turn out to be worthless one day...
good luck though
Even at 2013, no one should have done that. For those who did, it could have paid them now, but that does not remove the fact that it is still a very risky one to take. The bigger the risk, the bigger the profit as well as the loss and unless for someone who is not afraid of starting all over again, then that is their call to make.good luck though
No one can make that decision for anyone, but at least any decision that one is ready to make, there must be readiness to accept the outcome however it happens.
Diversify your investment to reduce your risk , don't put all your saving in stock or cryptocurrency. I think you should add some promising cryptocurrencies like Bitcoin, Ethereum and Ripple to your portfolio since they are very well know cryptocurrencies. you can be millionnaire if you pick the right cryptocurrency since x10 is nothing in cryptoworld but remember only invest in altcoin with high liquidity so you can cashout easily. When it comes to storing your cryptocurrencies, you need to store your erc20 and Bitcoin tokens in a hardware wallet.
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 agreed to the fact that it is risky to put all your money in stocks because if the account was hacked and tried to send your money into their accounts then for sure it will only take one click and your money will turn to zero and you have nothing left even a single penny. Since you said, you had lots of money now, I think you should put your 50% of money in the bank to make sure you still have money in your wallet and it will be safer than ever. Or you should think of some portfolio that is more secured and safe than what you are using right now.
You can divide by a ratio of 70% in cryptocurrency and the rest in stock this is just my advise.
I use Poloniex and Bittrex platform. Currently there are many exchanges that require members to verify using National ID or passport, and my advice before making a deposit make sure that your exchange account is verify so that your funds are not stuck in that exchange.
I use Poloniex and Bittrex platform. Currently there are many exchanges that require members to verify using National ID or passport, and my advice before making a deposit make sure that your exchange account is verify so that your funds are not stuck in that exchange.
Investing on the stock market is more riskier than crypto investment so it is better to invest all his savings into cryotocurrency.If he is storing his entire savings then it might be a bigger amount so he have to store it in a cold storage than exchange wallets so maybe go with a hardware wallets for full security on savings.
I agree...
As a young person you can afford to be riskier in your investments, though I would also be cautious about investing your entire savings. If I were you I'd put a good chunk in but still retain some savings and other investments.
Never put all your eggs in one basket... remember that, cliques have meaning for a reason.
As a young person you can afford to be riskier in your investments ?? I do not agree with this. It is risky to invest in btc or altcoin. Moving all the savings into investing btc is a stupid job, not risking investment. Why do not you think about investing only half or a third of the money you have?As a young person you can afford to be riskier in your investments, though I would also be cautious about investing your entire savings. If I were you I'd put a good chunk in but still retain some savings and other investments.
Never put all your eggs in one basket... remember that, cliques have meaning for a reason.
This is a good idea but you should remember to transfer your savings only. You should have more investments to reduce your risk because the current crypto market has a lot of potential but it also comes with huge risks.
Perfect. Crypto space, despite the fact that there are a lot of huge potentials; it is just a space one needs to be very careful with as well.It is still in its early stage and even with all the developments that look like bitcoin is getting established, it is still a risky investment and one should not even consider putting one's egg in just a basket even if the investment is not a huge risk let alone crypto.
A good decision is to use a equally weighted portfolio with both stocks and cryptocurrencies. Read more about this on google.
Never put all of your money into one investment. This is always a bad choice.
Never put all of your money into one investment. This is always a bad choice.
You can divide by a ratio of 70% in cryptocurrency and the rest in stock this is just my advise.
I use Poloniex and Bittrex platform. Currently there are many exchanges that require members to verify using National ID or passport, and my advice before making a deposit make sure that your exchange account is verify so that your funds are not stuck in that exchange.
I use Poloniex and Bittrex platform. Currently there are many exchanges that require members to verify using National ID or passport, and my advice before making a deposit make sure that your exchange account is verify so that your funds are not stuck in that exchange.
I would never put my entire saving in cryptocurrencies.
Let's be honest, it's true that the market is performing very well but you don't know what can happen, and you can't deny the risk to lose money (for whatever reason, I am not talking about to be hacked or something similar, it's something that you should take care with everything).
If you diversify your portfolio you minimize the risks of loss, diversity is a golden rule in investments. To be greedy often lead to the wrong decision, especially when you're young. Use a little wisdom, it will be more beneficial in your decisions
I agree. Even if bitcoin is showing phenomenal temps of growth, exchangers and wallets are still not so safe place, but to move your founds from exchanger to a paper wallet all the time firstly will cost a lot for you and second can take a lot of time with such sum of money. I am still swatting my not little deposit from Ladger wallet, but time is passing, I am actually loose money with this entire waiting. So, I would also not recommend you to do so with all of your money. Let's be honest, it's true that the market is performing very well but you don't know what can happen, and you can't deny the risk to lose money (for whatever reason, I am not talking about to be hacked or something similar, it's something that you should take care with everything).
If you diversify your portfolio you minimize the risks of loss, diversity is a golden rule in investments. To be greedy often lead to the wrong decision, especially when you're young. Use a little wisdom, it will be more beneficial in your decisions
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.
There is a big auge for cryptos right now, maybe a lot of people are going to tell you that you need to put all your money in here, but the reality is that you are the only one who can look for that answer.
You are the only one who can say if you really want to put all this money in here.
If you do not feel confortable about putting your money in here, then why would you put it all? Just invest a twenty percent or so.
Use several exchanges, I think it is the only answer, and leave some part of your portfolio in other assets, don`t forget about diversification
Keeping all the funds on crypto currencies is not a good idea actually there is huge risk you will find in the time price fluctuation. Your investment may doubled after some months or may half of the fund sinks in the crypto currency you have invested itself.
If you are fine to face risk put the fund on exchange on multi altcoins. Just add some of the funds on bitcoin and ethereum. Apart from this all the other cryptos cannot be guaranteed for long time investment.
In order to be successful in what you want or do, you need to take a big risk. If your guts telling you to do that then take the opportunity.
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 you should analyze your step, because replace all your saving to cryptocurrency is a bad idea. Crypto world should become alternative income after your real job ( stocks ). You can replace your trust ( money, skill, knowledge ) if you understand what and how real market is? Send all your asset is not recommended, because if market falling your loss become reality. Think again and see you next time.
if this happend in my case, im doing such thing. its too risky, though we think a bigger brighter future with bitcoin, sometimes what they called benefit of the doubth is helpfull. just think of, what if you need to claim that money for emergency purposes and in that time, cryptocurrency is on its low value point. come on? dont tell me you will trade it. so, it will be more wise to maybe transfer some... but not all my friend
Use several exchanges, I think it is the only answer, and leave some part of your portfolio in other assets, don`t forget about diversification
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.
The decision is up to you. But I want to ask you a question so you can make your own decision. If you spend all your savings on investing in crypto and failing, how would your future be? 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.
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