Quote from: Oceat on October 25, 2017, 05:59:41 PM

Quote from: Mumbeeptind1963 on October 25, 2017, 05:21:54 PM

Quote from: richcorner100 on October 25, 2017, 02:23:54 AM

In my opinion by investing all savings in cryptocurrency no good idea, I think maximum 80% of all savings and other 20% keep on fiat. Because we need to keep Fiat for urgent needed, and when this happen and the price of cryptocurrency down then we should be withdraw it. So that we are in loss. In my research good coin for longterm investment is BTC, ETH,WAVES and DASH by portofolio 50% BTC and other 50% for those altcoin.

I think you should divide it into three parts, the first part is for your investment this is the half of your saving or 50%,but make sure pick the best cryptocurrency to invest second is for your saving make it 30%, and for the third for your emergency need and make it 20%

It should be like this.

50% - BTC investments
30% - Savings
20% - Emergency

I think the 'savings' and 'emergency' is just the same because somehow when you have a savings you can easily use it in times when there's an emergency. How about it if we change that 'emergency' into their daily basic needs. I know there were times that we are out of budget in food because we do eat a lot and you'll never know when will you gonna use it. It's better safe than sorry, once you've run out of money. Where would you run to? Especially if you are living alone you might wanna save some extra grand for your safety.

Even on 50% partitioning on BTC investment would really be still risky just like what others saying here.Always prioritize first the things that are essential on our daily living and as you said it better to save up than sorry later on when somethings happen unexpectedly.We cant be sure if theres someone would able to help up when it comes on financial matter.Its always being suggested to play safe and only risk the amounts on bitcoin investment on small percentage.Dont trust too much.