Is it safe to store your wealth in cryptocurreny?

[nrubnach]

Reasons?

It is not recommended to store your wealth on one place. Placing all your wealth on crypto will be riskier.  Although it will have a possibility that will make a good profit.  However,  there is also a high probability of losing all your wealth.  So to have lots of place to store your wealth would be safer.

[frimpongtissue7]

Well, looking at the crypto market now, I will not store all my wealth in cryptocurrency. I will store just part of it.

[lavoncoin88]

Reasons?

If you have large holding you should consider much secure wallet option such like armory which you can have multi signature to secure your holding from being spend away so easily, be sure to try their system first and get acquaint with how their wallet works before you put in your cryptos there, because once it locked you may not have access to it.

[carcas]

I do not think saving all my wealth in crypto. only a few percent I invest in crypto. very risky when the crypto market decreases.

[Raboni]

Pretty sure not. Wealth means huge volume of money, or precious stones. Once you put your wealth in crypto make sure you are ready to engage in necessary and unnecessary things along your crypto seasons. Be careful and good luck. Much better to think hundred times.

[owmivmen]

No. because there are still many investments besides crypto. I use some of my wealth to invest in crypto and partly for my long term investments such as health investment, education and savings.

[laughingburger]

As of now if you does not want to trade in crypto currrency i will advice you to cash out into fiat. At least you can be more safe from the up and down in the market and rules or regulations by the government.

[dekafee79]

Reasons?

For now, I think It is still risky. Because the high volatile of crypto currency. Maybe at the coming future the price will more stable.

[Judybrown]

You can store part in Cryptocurrency and part in a bank. With Cryptocurrency too, it is better you store your coins in different wallets so that even if you are hacked you will not be greatly affected. You should also find out ways by which you can prevent hackers from stealing your coins.

[inewoods]

If it was me i will rather save the money in bank  i don't want to be sitting on a life of rollercoaster today i am filthy rich tomorrow i am a bankrupt.

[IyemRoker]

not safe, because cryptocurrency always changes its price.
it's better that you save your money in a conventional bank, because it's safer and when something goes wrong, you can also claim to the head office.

[legend45]

Reasons?

Crypto currency is high volatile It is safe But You must find the best time to buy and sell.

[gabteb]

Anyway dont think its best desicaion put everything in one place.

[Noni]

By saving all the money in Crypto it will disturb your peace, it is better to save some of it to become fiat money

[sugarchrisp]

I think some of your portfolio should be in crypto, but definitely not all of it.  I'd say anywhere from 20-50% depending on how much you can risk.  I think crypto has a very high chance of multiplying many magnitudes higher than it currently is, but there are no guarantees in life, so you MUST protect yourself by investing in other more tangible things like real estate or stocks.  If you don't have a huge amount of money, may as well dump it all in crypto though.  I don't think anything can have as high as a return as this will.