Topic: How safe is our money in crypto? - page 8. (Read 7735 times)
I think that investing in cryptocurrency is dangerous. We must constantly remember this and diversify risks. In addition, you can not invest all the capital in cryptocurrency.
Our money in crypto will never be in safety. The probability of breaking of a purse or the exchange is always present. It is necessary to secure our mrneta as much as possible. Therefore I use a hardware purse for storage of coins.
Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.
Indeed, You are right about that. Even though we have a safe wallet to store our tokens or coins still we need to be careful. We did not now how safe our coins inside the internet because if the hacker or scammer are knowledgeable enough to do it then we really need to be careful, even in real world we can encounter a scammer and a person who stole your money. In real world or in Crypto world we have all of kind of person to deal with. In crypto world make sure you do not share you private key to anyone, do not trust to share it with other because who knows who will still see it and stole your money right away.
We need to be aware to all of possibility of hacking and I think that is the best way to do.
The crypto atmosphere is one that is still saddled by uncertainties and limited by a lot of forces. I wouldn't get too comfortable by saying our funds are safe. The fact that the cryptocurrency sector is still unregulated calls for a whole lot of care as this is a market and place where a lot of atrocities are committed ranging from fraudulent ICOs to dubious developers. One has to be very careful with funds in this terrain in order not to get bitten. A lot could still be done regarding security, only then can we talk about safety.
Anyway long term investment is something good but must continue to follow up the investment and must know when to invest.
I agree with you, Projects who have a good team behind it, for sure it will succeed in the future, so when we decide to invest in some crypto, we should read carefully the white paper and search about the team, then with your experience you can decide to invest or not in the project.
Also investing in bitcoin and wait for long will surely give you a high amount of profit.
i think hold crypto for long term investments is good idea
Long term investment is always but you have to keep up to date with the market because sometimes good coins are not supported by developers for long time and holding those coins for long time may lose your investment.I have always been very successful in short and long term investment still i am holding BTC,ETH,NEO,BCH,XLM,EOS,MIOTA,TRX for long term but also keep check on the projects of these coins.
Moreover, when doing long term investment, it is best to choose a coin that has a great chance of growth and a technology that truly attracts not just Users but also investors. Though long term investment requires patience and the capacity to observe and wait since this type of investment doesn’t gain profits overnight but it actually takes months or even years.
And is your money safe else where??
ATM/credit cards can be stolen, banks can be hacked, governments can close the withdrawals, close your accounts, aprehend all your money...
at least with crypto you own and manage your money ...
of course that there are a whole lot of scammers, hackers, thieves, etc out there that are taking advantage of the unregulated market we live in... I hope this is only temporary and that some safeguards can be put in place to stop this madness
ATM/credit cards can be stolen, banks can be hacked, governments can close the withdrawals, close your accounts, aprehend all your money...
at least with crypto you own and manage your money ...
of course that there are a whole lot of scammers, hackers, thieves, etc out there that are taking advantage of the unregulated market we live in... I hope this is only temporary and that some safeguards can be put in place to stop this madness
Your money is totally safe in crypto if you do some safety measures and never share your password and private key to anyone for any reason. You can choose a hardware wallet to hold your crypto there as that is fully safe from any phishing attack.
For me having our money in cryptocurrency is already bounded with a huge risk but we all know that cryptocurrency is like gambling which we don't know if we are going to gain or to loss.
How safe is your money in physical fiat?
Your money is only safe in crypto when you own your private keys. The way you can loose your money in crypto is when you are hacked, investing in scam projects, price drop. The market right now is too volatile because its still in its infancy stage. With more adoption coming to play and rise in marketcap, there will bw no fear saving your money in crypto
Your money is only safe in crypto when you own your private keys. The way you can loose your money in crypto is when you are hacked, investing in scam projects, price drop. The market right now is too volatile because its still in its infancy stage. With more adoption coming to play and rise in marketcap, there will bw no fear saving your money in crypto
Yes in crypto our money is not 100 percentage safe. But is it same like real world ? Yes in real world also our money is not 100 percentage safe.
In crypto space there are too many scammers and hackers. I know in digital world if someone have too much knowledge about hacking they can hack everything. maybe they can not hack ethereum network but they can hack our wallets.
They can try to steal our coins.
That is really big and important issue. I believe in the future our wallets will be more safe than before. I know there are hardware wallets. But always we need to send our tokens to some icos or to exchanges etc. Always we have risk to lose our tokens.
In crypto space there are too many scammers and hackers. I know in digital world if someone have too much knowledge about hacking they can hack everything. maybe they can not hack ethereum network but they can hack our wallets.
They can try to steal our coins.
That is really big and important issue. I believe in the future our wallets will be more safe than before. I know there are hardware wallets. But always we need to send our tokens to some icos or to exchanges etc. Always we have risk to lose our tokens.
I also believe that if you have something to fear, then the best option is hardware wallets, now there are several options, you can choose for yourself!
if you have a tons of money sitting on a wallet i suggest you should buy a hardware wallet
it is not safe to store money in cryptocurrency. because hackers break into wallets. there were cases when hacked exchanges.
the greater risk of money is in crypto. As these are highly volatile. You can't predict its nature, SO high risk, may be high rewards.
Be careful when using wallets, buy and invest in the right time and need a little extra luck. You will succeed.
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