Topic: How risky to invest in cryptocurrency? - page 31. (Read 3060 times)
As a beginner, you should be patient enough and a lot to learn about crypto. This world that I think it is difficult for novices to invest, by investing you must be sure and make the right decision. If not sure you will lose some of your money. And by investing long-term I think it would be better for the beginner.
User Error - Sending 10 BTC to a BCH address you don't own is a good way to set fire to 50k. Backing up your wallet on your porn-surf computer to a desktop file called BitcoinWallet.dat is a good way to lose too.
Risks are everywhere, but for newbies specially scams are more dangerous than actual risks. Scammers trap those newbie and take their money saying they would double triple their money which never happens. Don't fall for any pyramid scheme or lending platforms. Don't invest in any ICO just because someone said to invest in that, do your own research, find out everything possible about that ICO before actually investing in it.
Some other risks involved are wallet hack through phishing emails or links. Malicious softwares which can steal your keys/passwords. Selling your coins desperately because it has fallen in value.
In the end I would say, everything needs experience, everything needs patience and everything need your knowledge/your work
Some other risks involved are wallet hack through phishing emails or links. Malicious softwares which can steal your keys/passwords. Selling your coins desperately because it has fallen in value.
In the end I would say, everything needs experience, everything needs patience and everything need your knowledge/your work
You need to differentiate between personal risk vs. market risk. Crypto is an undeniably high-risk market, but your personal exposure to this risk is entirely under your control.
You minimize your personal risk by (1st) keeping your overall investment in crypto to what you can afford to lose tomorrow, and (2nd) securing your crypto coins yourself via hardware wallet or another secure offline method.
Lastly, when selecting which crypto(s) to hold, understand crypto coins tends to be a social/psychological/branding market, much more so than a technical one.
You're right, the likelihood all coins go to zero is nil...but you can't say the same for individual coins. So if you want to minimize your personal risk, you should focus on limiting the size of your investment over other strategies like portfolio diversification or analyzing the technical merits of any particular coin.
You minimize your personal risk by (1st) keeping your overall investment in crypto to what you can afford to lose tomorrow, and (2nd) securing your crypto coins yourself via hardware wallet or another secure offline method.
Lastly, when selecting which crypto(s) to hold, understand crypto coins tends to be a social/psychological/branding market, much more so than a technical one.
You're right, the likelihood all coins go to zero is nil...but you can't say the same for individual coins. So if you want to minimize your personal risk, you should focus on limiting the size of your investment over other strategies like portfolio diversification or analyzing the technical merits of any particular coin.
very risky, but it all depends on you, and each of us, how do we respond to it all, in real work there must be Risks. either big or small risk the greater the risk is sure the higher we get results.
just like all the market and every business you have a risk to invest always.all the market have same high risk ,cryptocurrency is also among them .because of it ups and down many people are very afraid to invest on it .but you have to take risk every time to do anything .whatever you want it have a risk.cryptocurrency has also a lot of risk and also can provides a lot profits then other can provides .
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
Risks are always in receipt when we invest because instantly invest we do not know whether we invest in one of the cryptocurrency can be successful or not we also do not know then from now on I also invest in promising altcoin because the price of crypto is also not yet stableHow risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
Risks are always in receipt when we invest because instantly invest we do not know whether we invest in one of the cryptocurrency can be successful or not we also do not know then from now on I also invest in promising altcoin because the price of crypto is also not yet stable
according to this, if you are panicked and upset because of the fear of future losses, which often happens, and it is very risky for beginners to invest in cryptocurrency because the price of crypto is volatile means up or down without prior notice. so you should do a thorough research before invest. They must learn which coins to invest or which ICO projects they should invest.
Make invest in cryptocurrency will be very risky if you don't have any trading plan to reduce the risk. And possible to reduce the risk when we always use risk management in every trade. High volatility of crypto is so high and this will be promising high profit too, and with risk management like use stop loss and trailing stop in every trade the risk can be lower. High profit and low risk can be possible in crypto, if we can manage the risk better.
Everything is still have a risk no matter no matter how little is. Before you starting investment in crypto you must learn from the experienced to avoid you get to lose everything. Learn everything about analysis, prdiction, and all the strategy about crypto world.
Yes, it is right to learn from people have much experienced in crypto, try ask to teach how to to do investing safely, just to avoid of losing some money.
It depends on your knowledge and skill. Some ICOs are potential groundbreakers while others will vanish sooner or later. You have to do your own research about them. Often there are signs of projects that can stand the test of time such as reputation of the owners, quality of the project, MVPs, etc.
Yes it all depends on yourself, all investments is risky, you just need to find a right time and good project or ICO you will invest to, also always think of the profit you will gain and have a timeline on that in order for you to classify if your investment will not go to waste, also always invest in the successful projects, research about everything to have some back ground about the project.
It depends on your knowledge and skill. Some ICOs are potential groundbreakers while others will vanish sooner or later. You have to do your own research about them. Often there are signs of projects that can stand the test of time such as reputation of the owners, quality of the project, MVPs, etc.
It's always the usage that we need to look for before placing our investment, there's always a risk if you wont study and do your research its betterto have proper information so you can place your entry in the right timing and you will be able to find projects that will be suit to your projections
and will bring you good judgement to invest and wait.
It depends on your knowledge and skill. Some ICOs are potential groundbreakers while others will vanish sooner or later. You have to do your own research about them. Often there are signs of projects that can stand the test of time such as reputation of the owners, quality of the project, MVPs, etc.
Everything is still have a risk no matter no matter how little is. Before you starting investment in crypto you must learn from the experienced to avoid you get to lose everything. Learn everything about analysis, prdiction, and all the strategy about crypto world.
if you don't have knowledge in the world of cryptocurrency then the risk for you to get a failure will big. because in the world of cryptocurrency requires a good understanding to manage the assets that we have and get the profits. we can learn from this forum or learn from people who have experience, so you will more understand it.
Theoretically speaking, it is 100% risk, because you can never predict the exact behaviour of the market. However, do not be afraid. When you are in crypto for a while, you are able to analyse the situation in a proper way and feel confident while investing.
This is an investment with an uncertain return - which can be verified by its volatility far more than the more traditional modalities of variable income, as is the case of investment in stocks or even more liquid currencies like dollar, euro and the yen.
To be sure, the risk of investing in crypto currency for beginners is losing. they could lose more than half their assets if they did not understand about crypto money, especially good coins. to prevent, they have to learn about crypto currency, learn to choose the best coin, learn patience, after that they can use capital to buy it.
90% risky because someone can still your coins and if you don't know the basic things of investment you can loose money because of mass panic. You have to learn a lot first
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