Topic: Crypto currency are digital assets (Read 288 times)

A very important point is missing, if you aren't talking about diversification you aren't making sense, even if you know where to invest your money there is still a chance that your asset will perform worse, the only most effective way of dealing with this is diversifying into more than one digital assets, like five different projects and all you need is one to come out with flying colors, one successful project is enough to give you an incredible returns, enough to cover your initial capital and also enough ROI. Don't put your eggs in one basket, always remember this.

There are times when cryptocurrencies are definitely unstable, but that doesn't mean you can't make money with them. Keep learning, monitoring the market, issues and always hard words.

There are people out there who are doing very well in the market, and that's because they are determined and knowledgeable. In my opini is worth noting that cryptocurrencies are assets, and assets tend to hold their value better than cash over time. But, I know that not everyone has the patience to wait for the market to turn in their favor. That's why it's important to stay patient and keep an eye on the price, volume, and market trends.

I think that cryptocurrencies can be a great way to earn some extra cash, but it's definitely not a get-rich-quick scheme. It takes time, dedication, and a willingness to learn to succeed in this market. Best of luck to anyone who's interested in investing in cryptocurrencies! Cheers

I will not deny the opinion that you express, all of that can indeed happen, at unpredictable times. But crypto assets that experience such large increases are very rare, and when they do, usually prices that soar high don't last long, in a few weeks or months they will definitely return to the lowest price.
So even so, I would not recommend investing in crypto, because of the high risk and fast-changing volatility, it is very risky to lose all the money for nothing.

In contrast to bitcoin, bitcoin is more secure, with its regular volatility, and with its decentralized nature, making bitcoin the most secure digital asset. That's why at this time I only invest in bitcoin, because the risk is minimal and not centralized, which is the main attraction for me.

Saying cryptocurrency are digital assets you are quite correct but you need to more explanation on this so that people will no be scam. There are more 2000 altercoin that someone have to run away from, because they are all scammers, has for me the crypto I will have as asset is bitcoin, I have full confidence in bitcoin that no matter what my money is save and I can access it at anytime.
Bitcoin is reliable because of it potential, trading with Bitcoin is far higher than any other alternative coin. Please I'm just saying my side view on having an asset, I'm not go against anyone view.

Of course this is a good view my friend.
More or less like that reality that we often see while in the crypto space. The purpose of the creation of many "cryptos" is not wrong as you say, namely to make a profit without caring about anything else.

Many cases have occurred that have made many people lose money like FTX lately.
Bitcoin is so complete in its creation that we always say that Bitcoin is the best investment asset.

Yes, it is very possible with shitcoin but not with any other reputable coin, and it usually happens during a bull run when all projects appear real due to the influence of the rising Bitcoin price.

"It is not all that glitters are gold"
You can use Bitcoin instead of Cryptocurrency because Bitcoin is the only reliable coin with the guarantee of being held over Fiat currency due to its transparent future. Most of these altcoins can crash at any time, as we have seen with reputable coins like Luna, FTX, and others, so Bitcoin is the only reliable coin to hold for a long time that will have a significant advantage over Fiat in the future.

As for me, bitcoin is also a cryptocurrency, the birthplace of the crypto industry. But you are right, it has a huge difference with the rest of the market. I was told that it was created as an alternative to a centralized fiat system rife with irreparable errors, not as an investment asset. Meanwhile, I dare to affirm 100% of the purpose of altcoin projects is to create tokens to sell for profit, not to put the purpose of the use case first like bitcoin. Therefore, if talking about investment then I will not miss any opportunity but when it comes to reliable coins only bitcoin.

I didn't understand the part where you said "Many people don't have patients though". Could you expatiate or probably just correct the post?

By cryptocurrency you mean altcoins? Yes people who were heavily in altcoins end up losing their hard earned cash, most of them not all of them. But there are still some projects that are lasting for a long time and will go far. I was into altcoins before but I had my lessons.

Yes bitcoin is future and I am now in bitcoin with everything,  I believe in bitcoin. Every should avoid altcoins as investment asset and focus on only bitcoins.

Not all cryptocurrencies are of the same in value, while generalising cryptocurrencies we need to be able to differentiate Bitcoin especially from all other altcoins., The current downtrends in the market situations of the coins has obviously defined and explained better how the massive effects of the bearish trends has made it known how weak other cryptocurrencies are compared to bitcoin that has always stood strong even in the past and up till now. Bitcoin is the greatest asset of all other coins which would rather be a priority even before talking about other cryptocurrencies in the digital world today:

Cryptocurrencies almost all end sadly. But many types of cryptocurrencies appear all the time which makes many new people who enter into crypto activities have difficulty choosing the right one so that many of them lose cash.

Bitcoins are not like that. For us Bitcoin is a future asset that can provide a guarantee that exceeds the value of fiat money.
Beginners should understand the difference between cryptocurrencies and Bitcoin.
More or less like that parable.

Most newbies misunderstood bitcoin and they think it is the same as other crptocurrency which is wrong. Amongst all crpytocurrency bitcoin is the only one that can survive in this harsh economy and is a better asset to use as a store of value. Other altcoin are scam projects and in no time their value will go down to zero. Don't get it twisted OP, you statement will mislead those that don't have the idea of bitcoin to go and invest on any crpytocurrency, so please be more specific on using the word bitcoin. Everything that you said about bitcoin is right and I hope with your understanding on bitcoin investment, you will surely make profit if you can hold for long.

This is the most accurate answer to this topic I sought.
It's like a newbie writing tutorial for newbies. A newbie suggesting to other newbies what to do 
Guys, Don't hear newbies. You don't have to hear me because I am also a newbie. 

A bunch of misconceptions here.

1. Cryptocurrencies can be decentralized, but most definitely aren't. Non-custodial and open-source =/= decentralized
2. Something being decentralized doesn't make it immune to regulations. It's just that regulations are far easily bypassed because of crypto's non-custodial and pseudonymous nature.
3. Something being "an asset" doesn't make it automatically volatile.

Well, I kind of agree with this one. In fact, that volatility could be like two-sided blades, which could give you advantages but also slice you. Volatility is the one that attracts many people to jump into the crypto world since people could gain profits from the price discrepancy. I just want to add that, beside determination and knowledge, in order to be successful in trading, you also need good emotion control since it's important to have a clear head when you make a decision.


Talking about volatility, it could even take just a minute or hours for the price to flip, but yeah, in general, it happens when we're in the bullish season, but it's true we should prepare for the possibility you've mentioned too when the market gets bearish.


DYOR will always be mentioned in the crypto world since you can't depend on other people's decisions to decide your fate. Your money is your responsibility, not theirs, and you can't be angry at other people's judgment when many people in the crypto world just want to hype their bags and drag you in. When theyre able to sell their bags for a good price, they'll leave you out. Be careful.


Well, I should say that cryptocurrencies are unique assets where you can't treat them all the same because there are cryptos that have a long-term basis, a short-term basis, or are not even valuable at all at some point. Yes, Bitcoin could be a long-term basis asset. Some alts could be too; other alts could be on a short-term basis or trashes too. So be careful about this.


Patient is the key. Just like I've said above, besides the determination and knowledge that you've mentioned, we also need good emotion control to succeed.

Bitcoin has the protocol rules which regulates it. It is as certain as any system in the world and does not need any human interference to operate.

• Every ~10 minutes a block would be confirmed,
• every 2,016 blocks there would be a difficulty adjustments,
• Every 210,000 blocks there would be a reward halving.

We does not rely on flawed means of regulation, bitcoin has its own system which is supported by consensus rule to ensure there are no bad actors and maintain the security. You do not need to trust anyone, just verify.

- Jay -

 Cryptocurrency is also decentralized, which means it is not subject to the same regulations and restrictions as traditional financial assets, making it more accessible to people in some parts of the world. but for the fact that is an asset, it's a risky investment due to its volatility and the lack of regulation in the cryptocurrency market.

You can only make money on crypto by learning and it is possible that $25 could turn into $200, as I'm sure many of us have experienced. By learning how to earn money from crypto, you will know several ways to get started, even just by investing in crypto with a limited amount of money. And yes, DYOR will be the most important part of making money from crypto. Apart from that, we must learn to be patient because cryptocurrencies fluctuate and we must be observant to get the right moment to start buying.

And if you want to have assets to invest, only bitcoins are eligible, while other coins will be your support to make extra money. So you should focus on bitcoin as the main asset when investing in crypto.

We really can't say that every cryptocurrency has some value and is a good project.
For something to be an asset, it must be resistant to risks and disturbances in the market and hold value over a long period of time.
Personally, btc and eth seem to fit the definition of digital assets the most right now, in my opinion.
There are some other good crypto projects but they have yet to pass the test of time.
However, when you think about investing in crypto, you should analyze the crypto market in detail and, in accordance with your financial capabilities, make an investment plan and have a clear exit strategy.

Yes, man, I never thought of that, but you are right, and it's good that you added. These are really the things one must consider before carrying on with their investment so they are aware of the level of risk involved. I know about a few altcoins that have stuck around for several years, but investing in them is just a matter of waiting for the price to appreciate, but instead they keep dropping in price and there is not enough trading volume; some exchanges even end up delisting them from their exchange. Is really good to check those factors before choosing to invest in any altcoins, and by the way, I would even be the least person to advise a crypto newbie to invest in altcoins except Bitcoin, because unlike experienced crypto enthusiasts who some times are able to filter out some few altcoins that they can earn profit from before they dump, newbies are not easily able to filter out good coins to invest in and if they are unlucky, can buy when the price of the token is high and after some weeks, they dump, and may never have a good attraction in the crypto market.