Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
i think investing all saving in trading is not good idea. because in trading has up and downs so you have to take step very carefully. all the money investing in bit coin is not good. you have to invest few amount of money in trading it is good idea. but total money investing is not good. for that reason i would like to explain you you have to few amount of money only in trading.
I agree. The operative word that made it distasteful to most is "all" your savings. By doing that, you are putting yourself in a very dire and bad spot, especially, in the event that all your ventures don't workout for the best. Unfortunately, that is always a possibility to consider in the cryptocurrency market. Therefore, having some savings for emergency and contingency would always be a better idea. I know that you're doing this to get more profit, but I think that that leap of faith is so miscalculated that it might turn out bad in the end. Thus, even if I support your percentage distribution of where you want to invest, I don't agree that you will be investing everything in it.