Quote from: doomloop on May 31, 2018, 08:09:48 PM

Quote from: potatocorner on May 30, 2018, 03:32:24 PM

Quote from: Pumapipa on May 25, 2018, 05:03:52 AM

I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?

I suggest that if you want to invest in cryptocurrency, a separate money will be used there. It will be too risky to invest in crypto and if ever you tou will use your savings, I hope not, instead, use that for your emergency purposes. Having a separate money will be better so that without noticing the change, you will gain from it.

I really want to know why it is risky to spend money in crypto currencies. As far as someone has bought a potential coin that is cherished by majority of investors, his money is not at stake. For instance, bitcoin is something that cannot be doubted now. It has made people millionaire. The only risk is losing faith and giving up which happens most of the times but investor is supposed to be blamed here.

The wise thing to do is for you to have your financial adviser if your have too much fund and you don't know exactly what should do with it, make a wise decision in everything we don't know when emergency comes, and we don't know if we are doing right, so just relay on the experts.