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Quote from: Triple on December 04, 2017, 04:26:42 AM

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 wouldnt advise you to move all your savings to cryptocurrencies, its very risky, there is nothing wrong with it if you leave it in bank. If you want to put your money into cryptocurrency, dont put all, just divide it and put half of it or any amount you can afford to lose. Bitcoin is risky and profit does not come all the time. I remember that there are people who lost up to 50% last year.

What you say is very reasonable, cryptocurrency does not always bring us profit, risk is something that always exists and appears very unexpected in this market, just with a few minor flaws and if we do not spot it in time, losing more than half of the capital is very normal. However, we still can not deny the profit that crypto has brought, many people suddenly become rich with crypto in just a few nights when they invest all their savings on it, so back to the question of the topic, the answer would be that as long as we know what we are doing, everything is possible

I think this is one very bad idea to transfer entire savings to crypto because you cannot be so sure about the future of your invested money in crypto. Anything can happen. All you need is to apportion your savings and invest it in anything that can give you return and is free of risk. Invest in traditional assets, gold and silvers and finally in Bitcoin and ETH for these are the two extraordinary crypto in the market.

I also think it is advisable to diversify your investment instead of putting all the money you have into cryptocurrency. Risks are an unnecessary virtue in this market, investors need to use rational and market judgment to be able to make accurate decisions in each difficult period of the market.