Topic: How risky to invest in cryptocurrency? - page 9. (Read 3046 times)
Not necessarily, it depends on whether you are lucky or you have a very unique vision, otherwise the loss is normal, for example, if you choose ICO and then the risk is very large, it will make your money disappear.
The risk is always present and everywhere. But if you study a lot of literature and learn how to invest wisely by trial and error, then over time all your risks will be reduced to zero
Investing in cryptocurrency can be of high risk especially if you make wrong decision of coin or project to invest in and at the end, they are scam but if you take very good precaution to choose a potential project of coin and you have a very good strategy of how long to hold your coin, yo will make profit. In life generally, you need to take some rich in other to achieve greatness.
I think cryptocurrency have a high risk high reward scheme specially on ICO projects. We have to do our background check first to the developers and team behind the project so that it will make a huge success on our investments.
Everyone should remember , investment is a risk , crypto too, investing in crypto - large risks )...
If you are beginner have learn and ask to the other to know about how to invest and trade on cryptocurrency, you can start with small amount and you have take your experience how to start trade or investment on bitcoin or cryptocurrency. You can start with take less profit and never waiting for take higher profit with small amount.
Cryptocurrency is one of the riskiest ventures to get in to currently, The market is characterized by High risk and unpredictability, Telling what turn the market will take isn't as easy as its impossible to tell what the market will go through the next hour, thats exactly why we are advised to take necessary precautions before venturing in the crypto arena
It is very risky for beginners to invest in cryptocurrency because the price of crypto is volatile means it will go up or down without prior notice. as well as the risks are numerous and diverse, you can lose all your money because there are many scammers and shitcoins.
I think that it's rather risky to invest in the crypto currency, especially for beginners. Without the necessary knowledge it is very easy to lose all your money
Actually it is highly risky to invest in cryptocurrency, you need to have more knowledge and experiences before joining or investing to avoid much losses of your money.
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
Cryptocurrency investment and trading is a risky venture for the beginners and even the professionals but it can be very rewarding and profitable if you master it well and are lucky to invest at the right time. Take your time to read, research and study the market well and don't be in an hurry or rush to start investing because the market will always be waiting for you anytime you are ready.
Investing in crypto currency is very risky. Never borrow money for investment. Even if the project is successful, you can get into a bears market and lose your investment.
My advice to beginners, do not rush to invest, start to study the forum, here you can find a lot of posts about what mistakes are the most common . Read and learn
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
Investing is like a life, if you want to be success you should have many experience and should learn first. Absolutely all investment have a high risk. So to minimalize it you should learn firstly about how to investment in cryptocurrency and how to read the diagram of cryptocurrency, but i believe if people have already known about how to investment in cryptocurrency, they will earn so many profits due to cryptocurrency is promising for the better future. How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
It is very risky but high risk comes high gains. The price fluctuates extremely. One can multiply his investment ten folds in an instant and can also loose ten folds in an instant. You have to DYOR(Do Your Own Research) diligently. As a newbie, my opinion is to focus first on acquiring free cryptos using bounties and airdrops while you are still studying the trend of the market. Acquiring free cryptos minimizes your risk of losing great.
For your reference, you can read these threads for everything you want to know about crypto:
https://bitcointalksearch.org/topic/overview-the-one-thread-to-link-them-all-1217042
It is indeed a very big risk for beginners to invest in cryptocurrency. First of all, such people are novice as far as investment is concerned. There is also likelihood to get scammed cheaply for beginners who are just about starting investment in cryptocurrency. Part of the things I think is highly required for beginners is knowledge.They should not just start investing in an investment that they know nothing about its goals and future plans. New investors should seek for people who can enlighten them on what cryptocurrency investment is all about and how to invest in cryptocurrency. Another thing that is very crucial for new investors is that they should not put all their money into cryptocurrency investment but should start with little and see how they progress with it.
For beginner its very risky, i think its best to participate in bounties, after that invest into some icos, and only after some of icos start some trading.
This is very risky and it is definitely true . For beginners it is better to read about the mistakes of other investors
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?
I believe that cryptocurrencies are one of the most risky types of investment. This is due to the fact that the market is subject to strong manipulation. As well as with the unclear legal status of cryptocurrencies. The only solution in this situation is training. We need to study and analyze as much as possible.
I would not advise beginners to invest in crypto before you do this you need to gain experience and look at other people and their mistakes
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