I believe it is not an ideal decision to put all of one's egg in a basket. And even for an economy of a nation to improve, there has to be diversification. I'd give you two simple advice's.
1, Don't put all of your savings into investment. There might be need for emergency fund.
2. Don't put your investments in a place. You should invest in cryptocurrencies as well as stocks.
Topic: Transfer My Entire Savings to Cryptocurrencies? - page 9. (Read 4072 times)
I wouldn't do that, transfer my life saving to Crypto. It's like putting all your eggs in one basket which is a no no. It has to be scattered in different places but withdrawable anytime if needed. I am not in favor of those investment with lock in periods. My savings would be 40% in Crypto and 60% in Fiat.
I don't think that it's a safe option. If you are good at trading, why don't you continue doing it?
investing all money in cryptocurrencies will be suicidal invest only money what u afford to loose nt to invest more than that why because we never know these market moves holding will lead more stress
People Should Learn They should never Transfer the entire saving to cyrptocurrency or any business in fact. I would say invest the money which you can only lose or bear to lose ,what you have extra. putting entire saving its big stupid mistake .You Posted this on dec 17 and look the price of market how is gone down . in crypto you should never invest your saving thats number one rule
By doing that it will be the biggest mistake of a lifetime , its better to share your money into stocks , crypto (not.all) and physical assets and Fiat besides even the worlds richest even the world's richest diversify their investment to stay safe
if you do verify this correctly than you do not have a chance to steal your money because the scammer does not have a chance to hack if you have the right verification for the mobile code and pin and verification and logic is also good because everyone wants to be safe and secure, Crypto exchange good and safe too because when you use any exchange, they have some relevant security verification
That would be tremendously risky. So you should better avoid picking all the money there. Risk will be too high
If you are young and is not married then you can invest all of your money in cryptocurrency. For a family person it is not possible to invest all hi money in crypto because crypto is not regular business and you cannot take profit on monthly basis. He would have to keep some money for his daily needs and financial problems. We can only invest extra money in crypto.
That would be tremendously risky. So you should better avoid picking all the money there. Risk will be too high
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 wrong move transfers your all saving on the crypto is not a proper plan. If you do it, I’m sure you will judge you mostly your family. The appropriate way of saving money is to split your funds into two or 3 categories. Saving on the bank, saving for the emergency, saving on crypto. If you want to save your money on the crypto, put all the amount that affordable to lose. The crypto is to volatility that is the reason you will do is not a proper strategy. 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.
A good piece of advice i received from my mentor was not to put all your eggs in one basket. I guess this still holds true even in the advent of cryptocurrencies where rewards are greater compared to the traditional stocks. This way you still have a fallback to one if the other goes south.
Think it is good decision to invest in Crypto as it is possible to achieve higher ROI with them than with stocs.
I believe in Crypto but only 30% of my savings is there, other 70 % in stocks, Fiat and other businesses.
It is risky to hold money on exchanges, it is better to hold the long term investment on a Ledger
Only the coins we trading with is recommended to leave on Exchanges.
I believe in Crypto but only 30% of my savings is there, other 70 % in stocks, Fiat and other businesses.
It is risky to hold money on exchanges, it is better to hold the long term investment on a Ledger
Only the coins we trading with is recommended to leave on Exchanges.
I think you should only transfer part because the value of cryptocurrency fluctuates so much that it can increase the money in your account but can also reduce your money quickly.
Transfer what you think is extra and you want to make maximum use of it. Converting all to crypto is not a bad idea, though it is having risk but there are greater chances of making good money as well. So if you think your monthly income is enough for supporting your expenditures, there is no need to think too much about the conversion. If you need to buy car or house with savings, invest small portion first.
You should not put your entire saving into one class of asset! Savings should be savings not investment. Your investment fund should have been developed and accumulate to the extent that you can gamble with it.
Well we all know that there is always a risk in investing your money so for your entire saving I think you should really think about it,
Take some time to think about it and for me I suggest that only put some money in crypto and make some profit from it.
Take some time to think about it and for me I suggest that only put some money in crypto and make some profit from it.
Don't, you should have a backup plan. Just invest the amount of money you are willing to lose guys!
This is not a wise decision. The crypto market is never certain and is full of uncertainties. These uncertainties can harm you any time in the form of red market. To escape to loose all your savings, you need to invest only a limited or small money in crypto and invest the remaining in property or save in some saving account. This will help you stay safe and able to invest further in crypto if desired.
it is nt at all advisable to transfer all ur fiat money savings to cryptocurrencies u should invest only what u can afford to lose then only u will make profits
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.
It is just fine to store or invest your earnings and savings in crypto if you have enough savings to use. However, it is not advisable of you'll put all your money at risk by investing it in crypto since we all know that nothing is stable here. You should still put limits for it. Know how to handle your finances well.
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
Me too I wouldn't dare to transfer all my savings to cryptocurrencies though we all know that investing in cryptocurrencies are profitable but it was unstable and constantly changing so you can't make sure that you're investment will turn out into a profitable one. Maybe just divide your savings that you're going to invest.I agree with your method. However, i think that 2018 may be the last year when we will be able to do so. Prices are quite big for the moment and even x10 may be the rare phenomenon.
Don't, you should have a backup plan. Just invest the amount of money you are willing to lose guys!
Jump to: