Topic: Transfer My Entire Savings to Cryptocurrencies? - page 6. (Read 4073 times)
If you would like to invest a significant amount of money to crypto, than it worth to buy a hardware wallet, where it is safer to hold the coins. Also, use the bigger exchanges, Binance is fine IMO.
Yeah it was a good thing to know that you already have that big money but for me I think it is not a good idea to put all your money in cryptocurrency well let us just be practical. Its a nice thing to put some investment in cryptos but not all you have even if we say that part of cryptos are risk but thats too much risk so instread of all just put some of it.
I think putting all your savings in Cryptocurrency would be very risky and dangerous as crypto is volatile and one could lose as well!
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 would not agree with that plan mate. I say that because the cryptocurrency market is a risky market to be in. I am not saying that there is no chance for you to succeed, but it's just too hard, especially these days. Therefore, I would suggest to only use a part of your savings and be smart about your investments rather than using it all. It's because money is still more widely accepted than cryptocurrencies, and there may come a time when you would need the money more than the cryptocurrencies in your holding.
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.
I agree. Also, I think it would be far too dangerous and risky if you would put all your savings into cryptocurrency. Whether you focus on one coin or diversify it; the operative phrase here is "entire savings". You may not know when you will need the money for some important thing or even for an emergency. Thus, it would be better if you would just put a part of it because you may now know when you'll need the money. As far as cryptocurrency has been through, money is still king when it comes to things that needs to be paid.
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.
The best thing that you can do is starting your own business from your savings because focusing into cryptocurrency is very risky due to the market prices which is unpredictable and you will never determine if you are going to earn profit or not.
Transfer your money to cryptocurrency is good. But better if you invest only the extra money because cryptocurrency is risky investment and possible your money gone if the altcoins that you buy dump or gone. But once the altcoins you buy increase you can get more profit.
No, don't do that. It is too risky, if crypto will collapse you'll be left with nothing left, I don't thing that you desire that thing.
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.
Transferring your entire saving to cryptocurrency is very risky because the market is volatile and you will never know when you are getting profit so just invest a small amount and save something for your self.
That would be an ill-advised decision.
I recommend you only trade with what you can spare, regardless of how profitable (potentially) the project might be.
Nothing is certain in this sphere.
I recommend you only trade with what you can spare, regardless of how profitable (potentially) the project might be.
Nothing is certain in this sphere.
You may already know that there is higher risk in Crypto trading ... But the risk is worth taking when you do it wisely. Why not try out a few altcoins, and try trading with 20% profit perhaps weekly. But do not soak all your money into on altcoin because you may not like the result. If you invest in 3-4 altcoin you have thoroughly studied, if 3 don't bring you profit, 1 or two may bring profit that could cover for all other.
This will be the worst idea you are ever going to make. Cryptocurrency investment is a high risk option so please invest wisely.
Sure, in the cryptocurrency place, no mistakes are allowed. Also, the volatility is much higher than stocks, which means more potential earnings, but also losses. Right not, it is not a bad time to get some more crypto I think.
You can transfer your all funds to cryptocurrencies but put it in your mind that it requires risks to be handle. You are the one who managed your accounts so you are also the one that can take profits and regrets. Before you invest , make sure that the altcoin/s you are going to invest are having potential to go with bull market.
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.
Do you think that it is a good decision? You can't even ensure if you can grow your investment. Do not just put all of your saving in cryptocurrency world because there is a high chance that you lose it. There are risks that you are going to face if you will make investment. 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.
Aren't you afraid of losing everything? I think that it is not very wise, we can't know for sure whether it will rise or fall down in price, i think it is not good for the trader to invest in everything as it is too risky
I think that is not a good idea you should atleast save something that you will be needing in case of emergency. You can try as well other options just like working in the campaigns and other online jobs that do pay crypto currency because if you invest your savings you are not sure how secured your investments because it might go down too or you loose everything. So better think first before you do that.
Before doing this decision better to study first how crypto market is and try to invest some portion of your savings and once you get familiarize then that's the time to think again if you pur all your saving or not in crypto as this form of investment is very risky and volatile you may end up losing you savings if tou Don't know how to properly choose good coins to invest.
Even bitcoin is almost trusted in cryptocurrency world there are still a big risk with it because crypto currency is so volatle and we dont know when to dump of when to pump. I suggest you to divide you savings to 3 to 5 parts before investing.
This was very unwisely decision that a trader could made. Yes even though we trusted that investing in Cryptocurrency especially in bitcoin is profitable but the risks is still there and cannot be avoided so better be think wisely and make a wise decision before you end up feel lost for what you've been invested. 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.
If you’re going to put $50,000 in cryptocurrency I will advise you better not put it in exchanger but a real wallet that is very secured , maybe the Blockchain wallet, cause it’s very securer and has 2 factor authentication to prevent unauthorized access to your funds, unlike some other wallets that doesn’t have it. 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.
Exchanges are always the main target of hackers that’s why I said you should not go for it. And by the way, have you taken out time to study about Bitcoin and know how it works? Cause the price fluctuates.
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