Is it safe to store your wealth in cryptocurreny?

[Gray]

Reasons?

[Kalunomics]

I wouldn't put all my eggs in one basket. It surely is a nice idea to invest a part of your resources in crypto but all of it? Na na!! Highly volatile

[benres]

The future is blockchain technology and there are now blockchain technology that you can store part of your wealth.

[Coin_trader]

It's a risky move to store your wealth into the cryptocurrency but where is the safe place on earth? I would likely to store my wealth (if i have some) in crypto than in a banks where the money is earning very slow, i'd rather put them in the Bitcoin and other crypto and take the risk.

[Rinaxu]

Diversification of your funds is probably safer, as they say "don't put all your eggs in one basket"

[Zed0X]

It is safe to store your wealth that you can afford to lose in cryptocurrency similar to any other investment.

[investwarrior]

Im diversifying all my capital, around 70% is in crypto, also i have small 2 bedroom apartment and some cash, so its always better to split money.

[ZionRTZ]

It is not safe to store ALL your wealth in cryptocurrency. Diversify is still the best option.

[luvr1000]

I would not advise you to do this, you can buy a few coins and store them, but I do not advise you to transfer all the money to the crypt

[cryptothief]

As some have mentioned above, diversification is the key, especially as most (all?) crypto investments are still high risk. Personally I wouldn't suggest putting more than 30-40%, but percentages will vary depending on your attitude to risk and other commitments. If you're young and single, then it makes more sense to increase your exposure to risk/reward investments. Older with family, not so much.

[Bobcrypto]

Yes, i like divertcification of investmen pot folios for safety reasons base on "profit and lost" sinero. When you put your money in many crypto, there are chances that some of your investment may crash while you stand to gain in some also.
Placing all your income in crypto may sound very risky but some people do take the risk. However, it is better to spreed your income into various altcoins to safeguard the future from any eventualities.

[Mbah Jenggot]

Reasons?

I think Itnis risky to store your wealth un crypto currency. The crypto currency is high volatile.

[therozaq]

Reasons?

For Now, Crypto currency is high volatile. It is very risky. Maybe in the coming year Crypto currency will more stable.

[Agnitayo2]

Store all of your wealth in crypto curency!?, no way .  there's no guarantee that you you're money or investments will be doubled because there are also lot of scammers around ready to stole your money or coins in crypto world.

[altery0518]

I think yes, crypto is safer to store our wealth but we should not put all our wealth in crypto since we dont know yet what happens in the future.