Hi,
Anyone is doing this? Basically if I am not wrong BTC, ETH and maybe a few others seem pretty safe. Money in the bank gets nothing in return.
Is there any drawback/risks from keeping one's savings in these top cryptos for the long term? I don't see how they could all crash rather than bring you significant returns, compared to keeping the money in the bank, watching it stay the same year after year?
Maybe these cryptos go down a lot, but in the long term they are always going up.
Is this a smart thing to do?
Thanks in advance.
In my opinion crypto is not free money, do you have stress when you have your savings stored in a bank? Do you keep looking at your bank account to see if it dropped 20%. You will not have peace of mind when you have all your savings in crypto. Only invest what you can afford to lose, and if that is a big chunk then that is ok. Think of it like this, from the moment you put money in crypto then theoretically you have lost everything. If you are ok with that then sure.