How safe it is to invest in cryptocurrency

Ebede

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Quote from: Quidat on June 25, 2022, 02:59:41 PM

Quote from: Ebede on June 25, 2022, 02:54:53 PM

Quote from: Mr.sprin on June 17, 2022, 10:38:24 AM

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.

investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition

Putting your funds into stable coins is never considered to be an investment and also you cant really be having that peace of mind in terms of reliability and security we know that these things are centralized.It does have that specific purpose on why people been touching up stable coins which is to save up themselves on volatility but not in terms of investment which is really out of the option.
Investment on crypto is never been a safe one and we know on how volatility could really fucked you up if you dont know on what you are doing in the market and with your investments.
Decide on something which could really be beneficial for you.

is an investment in another way because dollar rate used to be high and also used to be low because of inflation so when you convert it into stablecoin and USDT so if the value goes up then when you're converting it you will have a profit because of increment of value so that is why another way around you can consider stablecoin as investment because inflation can only act on it when it is low

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Quote from: Ebede on June 25, 2022, 02:54:53 PM

Quote from: Mr.sprin on June 17, 2022, 10:38:24 AM

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.

investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition

Putting your funds into stable coins is never considered to be an investment and also you cant really be having that peace of mind in terms of reliability and security we know that these things are centralized.It does have that specific purpose on why people been touching up stable coins which is to save up themselves on volatility but not in terms of investment which is really out of the option.
Investment on crypto is never been a safe one and we know on how volatility could really fucked you up if you dont know on what you are doing in the market and with your investments.
Decide on something which could really be beneficial for you.

Ebede

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Quote from: Mr.sprin on June 17, 2022, 10:38:24 AM

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.

investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition

livingfree

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Quote from: virasisog on June 23, 2022, 01:04:14 PM

Quote from: livingfree on June 23, 2022, 12:32:56 PM

It is what volatile speaks for that.

We don't have any control on it but we can control our emotions and as well as money to invest in. So before investing, there should be the idea on what may happen to your money.

It's not reassuring but that's the reality. It's better to know the reality than sweet lies because it will suck your hard earned money if you don't know the actual thing that happens after investing in crypto.

Every form of investment has its risks and so as a crypto investment. That's why before investing, we're always advised to invest what we can only afford to lose and if you're smart enough to deal with every market situation, the volatility of the market isn't a threat to you but rather an opportunity to earn. Buy during the bear market and sell during the bullish trend.

Just before you invest, you should know everything what may or may not happen to your money mostly if it's going to be in crypto.

The thing is, there are a lot of investors, the new investors have been buying cryptos that they have no idea. And they're only going to ask when they're done purchasing it.

So, there's no sense of asking when they've just done it and will have those negative opinions from the others that they can't take for doing the wrong thing.

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Quote from: livingfree on June 23, 2022, 12:32:56 PM

Quote from: Awwal08 on June 23, 2022, 12:05:35 PM

Because of the ups and downs of the market, you do not have complete control over your investment, in my opinion, thus it is not 50% safe. Your investment's return is based on the direction of the market.

It is what volatile speaks for that.

We don't have any control on it but we can control our emotions and as well as money to invest in. So before investing, there should be the idea on what may happen to your money.

It's not reassuring but that's the reality. It's better to know the reality than sweet lies because it will suck your hard earned money if you don't know the actual thing that happens after investing in crypto.

Quote from: Awwal08 on June 23, 2022, 12:05:35 PM

You still have access to withdraw money whenever you need to.

And you only lose if you sell, the same goes for profiting.

Every form of investment has its risks and so as a crypto investment. That's why before investing, we're always advised to invest what we can only afford to lose and if you're smart enough to deal with every market situation, the volatility of the market isn't a threat to you but rather an opportunity to earn. Buy during the bear market and sell during the bullish trend.

BITCOIN4X

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Quote from: OgNasty on June 23, 2022, 12:13:53 PM

If you ask around about how safe investing in cryptocurrency is, you will most likely come across one statement quite frequently.

"Only invest what you can afford to lose."

That is because cryptocurrency is an extremely speculative investment. You might make 10x on your investment here, or you might watch it fall 85%. Those are the risks. If losing 85% of your invested money would be life changing for you, then you probably shouldn't do it. Manage your risk tolerance, only invest what you can afford to lose, and stay away from fly by night cryptos making big promises. The test of time is a great evaluator of crypto investments. Stability while gaining adoption being what you should look for.

If the OP wants to invest in bitcoin now then I'm sure he won't lose 85% of the value of his investment. Bitcoin has fallen more than 70% since its last ATH, so the OP will be more likely to lose 15%-20% (based on history of biggest 85% declines) of the value of his investment before the bitcoin price returns to bullish.

OP, I feel safe to invest in crypto especially for potential assets, bitcoin is one of them. But of course you can't force your will if you don't like the risks that may exist. Bitcoin is also still not safe if you don't know how to secure your wallet from hacker attacks and anything else that causes you to lose assets, a small mistake will lose you everything.

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Quote from: Awwal08 on June 23, 2022, 12:05:35 PM

Because of the ups and downs of the market, you do not have complete control over your investment, in my opinion, thus it is not 50% safe. Your investment's return is based on the direction of the market.

It is what volatile speaks for that.

We don't have any control on it but we can control our emotions and as well as money to invest in. So before investing, there should be the idea on what may happen to your money.

It's not reassuring but that's the reality. It's better to know the reality than sweet lies because it will suck your hard earned money if you don't know the actual thing that happens after investing in crypto.

Quote from: Awwal08 on June 23, 2022, 12:05:35 PM

You still have access to withdraw money whenever you need to.

And you only lose if you sell, the same goes for profiting.

OgNasty

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If you ask around about how safe investing in cryptocurrency is, you will most likely come across one statement quite frequently.

"Only invest what you can afford to lose."

That is because cryptocurrency is an extremely speculative investment. You might make 10x on your investment here, or you might watch it fall 85%. Those are the risks. If losing 85% of your invested money would be life changing for you, then you probably shouldn't do it. Manage your risk tolerance, only invest what you can afford to lose, and stay away from fly by night cryptos making big promises. The test of time is a great evaluator of crypto investments. Stability while gaining adoption being what you should look for.

Awwal08

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Because of the ups and downs of the market, you do not have complete control over your investment, in my opinion, thus it is not 50% safe. Your investment's return is based on the direction of the market. You still have access to withdraw money whenever you need to.

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It’s true that crypto trading comes with a risk. But anyone who has decided to trade cryptos probably knows that trading is prone to losses. Now that bitcoin is moving downward, traders are still prepared with their plans. One more thing, a stable crypto would never give you opportunities to make money as much as an unstable crypto would give you.

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Quote from: AmoreJaz on June 19, 2022, 06:29:18 PM

Quote from: KaliLinux on June 19, 2022, 05:52:31 AM

Quote from: ChiBitCTy on March 29, 2022, 07:27:01 AM

Well the truth is that bitcoin and or other cryptocurrencies are not that “safe” in regards to investment. They would be considered highly volitile investments, if you view then as such (investments). As with any volatile food investment is should normally be a smaller more “gambling” part of a portfolio.

I do agree with you. Which or what kind of investment can we really consider as safe? There are a lot of things we can think of that can affect investment in Real Estate, Transportation, etc. Any financial form of investment is also as unsafe as we might consider Bitcoin and other cryptocurrencies to be however, I think Bitcoin is still a good choice for investment because apart from its high-level volatility which could be the highest downside, that's also the highest Upside in terms of profits.

i guess, no investment is safe but you can contain your losses. like for example, if you invest in real-estate, the value is usually increasing over time. so i think, real-estate is one of the few investments that you can hold as seemingly safe. but when you talk about crypto, this is highly volatile where a day in crypto market would change your life. i don't think anyone would consider investing in crypto as safe. we can tackle the situation of btc right now. if you have urgent needs of cash, you will be cashing out at a loss in the current market price, if you bought it above 20k.

Real Estate, Gold is a safe type of investment, but to get a profit it takes a long time but remains stable.
Crypto is indeed very volatile because the volatility is large. Crypto can be a get-rich-quick scheme or a get-rich-quick scheme. Cryptocurrencies have a greater risk, so they need valid knowledge to be able to invest in crypto. The btc situation like now is a situation where some people panic because they bought bitcoins above $20k and some even bought at the ATH price yesterday. Panic will only cause anxiety to do a cutloss. No one can guarantee crypto, everyone is at their own risk.

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Quote from: Masplanc on June 20, 2022, 02:09:49 PM

I can say bitcoin is safe for investment but I can't give account of other cryptocurrencies. In general cryptocurrency can be safe to some set of persons who knows what cryptocurrency is, those who can have patience to hodl for long. I don't think cryptocurrency is safe to invest for those who want to make money so fast.

Agree. Those people who are knowledgeable about cryptocurrency can testify that it is safe to invest in crypto. Because cryptocurrency is not a scam. As long as you do your proper research about a coin, you can benefit from it. Most especially if you know how to do right technical analysis and not really relying on lucky guessing.

Those people who often call crypto a scam or not a safe thing to invest with are not really knowledgeable about it or perhaps experienced to be scammed using crypto as a bait. Often times, people use crypto trading to lure their victims. Promising hefty amount of money in exchange for some funds. Despite this being too good to be true, unfortunately, people still fall victim to it.

It's safe to invest in crypto as long as you know how to countercheck and do a background check of every coin, its founder, and history. As long as you are not gullible and knows how to do proper risk assessment and management, your money will be okay.

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Quote from: Mr.sprin on June 17, 2022, 10:38:24 AM

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.

With this bearish market situation, it is indeed very difficult to choose to invest in Altcoins because the level of risk is also very high, investing in stable coins is a good choice and I also confirm it, for example as you said, USDT is very safe for integrity. your assets.

Even if you are someone who really likes Altcoins, then you can also invest in Altcoins, including BNB and Ethereum which are already included in the big and very good Altcoin category, and it is very likely that in the future these two coins will rise at a higher number ( Prediction ), but this will happen if Bitcoin goes green and the Market will Bullrun again.

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Quote from: Asiska02 on March 29, 2022, 05:50:37 AM

Cryptocurrency is a decentralized means of saving money. Many have embraced bitcoin and invested exclusively in it while others keep on giving it negative claim upon their ideology about it.

The crypto market is liberated from the political ideology or conviction. Some believe there are myths encompassing the bitcoin which are stowed away from the knowledge on the general population.

Today the conflict among Russia and Ukraine significantly affects the monetary area and furthermore tech organizations among different ventures. Foreign organizations or firm won't have any desire to put resources into them, particularly the sanction on Russia. Individuals are starting to lose revenue on the monetary area in light of its centralized strategy, assuming this prompts bankruptcy, it will influence every one of those that have reserve funds with them.

Cryptocurrency as a decentralized means of saving money won't be impacted adversely in any way as its approach and policy has no terrible impact in the general public

As I would see it, there should be a largely if not an overall view of the different beliefs and critiques surrounding bitcoin. Not coming into conclusion without proper findings and proof to back up false claims about it.

In the current scenario, investing in cryptocurrencies is very risky.I myself have invested a lot of money in cryptocurrency but I have huge losses there.But if you can save or stack on USDT, I think your investment will be much better.Otherwise bitcoin BNB ethereum these are very risky. They bought all these coins at a very high price and invested today but from there they lost a lot.I think cryptocurrency investing is very risky considering the current market situation.

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I can say bitcoin is safe for investment but I can't give account of other cryptocurrencies. In general cryptocurrency can be safe to some set of persons who knows what cryptocurrency is, those who can have patience to hodl for long. I don't think cryptocurrency is safe to invest for those who want to make money so fast.

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Quote from: KaliLinux on June 19, 2022, 05:52:31 AM

Quote from: ChiBitCTy on March 29, 2022, 07:27:01 AM

Well the truth is that bitcoin and or other cryptocurrencies are not that “safe” in regards to investment. They would be considered highly volitile investments, if you view then as such (investments). As with any volatile food investment is should normally be a smaller more “gambling” part of a portfolio.

I do agree with you. Which or what kind of investment can we really consider as safe? There are a lot of things we can think of that can affect investment in Real Estate, Transportation, etc. Any financial form of investment is also as unsafe as we might consider Bitcoin and other cryptocurrencies to be however, I think Bitcoin is still a good choice for investment because apart from its high-level volatility which could be the highest downside, that's also the highest Upside in terms of profits.

i guess, no investment is safe but you can contain your losses. like for example, if you invest in real-estate, the value is usually increasing over time. so i think, real-estate is one of the few investments that you can hold as seemingly safe. but when you talk about crypto, this is highly volatile where a day in crypto market would change your life. i don't think anyone would consider investing in crypto as safe. we can tackle the situation of btc right now. if you have urgent needs of cash, you will be cashing out at a loss in the current market price, if you bought it above 20k.

Ebede

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Quote from: CryptSafe on June 18, 2022, 02:13:04 AM

Quote from: Asiska02 on March 29, 2022, 05:50:37 AM

Cryptocurrency is a decentralized means of saving money. Many have embraced bitcoin and invested exclusively in it while others keep on giving it negative claim upon their ideology about it.

The crypto market is liberated from the political ideology or conviction. Some believe there are myths encompassing the bitcoin which are stowed away from the knowledge on the general population.

Today the conflict among Russia and Ukraine significantly affects the monetary area and furthermore tech organizations among different ventures. Foreign organizations or firm won't have any desire to put resources into them, particularly the sanction on Russia. Individuals are starting to lose revenue on the monetary area in light of its centralized strategy, assuming this prompts bankruptcy, it will influence every one of those that have reserve funds with them.

Cryptocurrency as a decentralized means of saving money won't be impacted adversely in any way as its approach and policy has no terrible impact in the general public

As I would see it, there should be a largely if not an overall view of the different beliefs and critiques surrounding bitcoin. Not coming into conclusion without proper findings and proof to back up false claims about it.

You are asking how safe is it to invest in crypto currency? You should know that before you venture into anything you have to do a little research on it. Now to your question, it is advised that you invest what you know you can afford to loose and secondly you should as well know that crypto market is volatile. Currently it's bear market and as a smart Crypto investor, you should know what to do.

nothing is saved for investing with. I know that bitcoin is worth to invest but before we invest for cryptocurrency which is officially recognize as Bitcoin you have to know that bitcoin have negative way of surviving and positive way of surviving, the process is that you can make your Profit if you reach good before investment and your research will make you to know the coin you are suppose to buy and invest for, so that you won't regret of investing for bitcoins

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Quote from: ChiBitCTy on March 29, 2022, 07:27:01 AM

Well the truth is that bitcoin and or other cryptocurrencies are not that “safe” in regards to investment. They would be considered highly volitile investments, if you view then as such (investments). As with any volatile food investment is should normally be a smaller more “gambling” part of a portfolio.

I do agree with you. Which or what kind of investment can we really consider as safe? There are a lot of things we can think of that can affect investment in Real Estate, Transportation, etc. Any financial form of investment is also as unsafe as we might consider Bitcoin and other cryptocurrencies to be however, I think Bitcoin is still a good choice for investment because apart from its high-level volatility which could be the highest downside, that's also the highest Upside in terms of profits.

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I think investing in cryptocurrency is very easy. Investing in cryptocurrency has never been so easy. If you put money in your wallet or any other wallet, everyone will understand. So investing is not easy, but investing in cryptocurrency is not easy. The most important thing is that those who invest in cryptocurrency should have a good idea about cryptocurrency. Understand cryptocurrency investing and how to invest safely. And cryptocurrency means bitcoin and alt coins. However, making money in Bitcoin will not be easy for newcomers to invest in cryptocurrency. They need to know better about bitcoin investing. By investing in this cryptocurrency a long time ago, everyone has gained confidence. But investing in cryptocurrencies is the easiest way and the safest.

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Quote from: Mr.sprin on June 17, 2022, 10:38:24 AM

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.

Investing in stablecoins, are you serious? Stablecoin is just a holding instrument when we cashout or we need to buy bitcoin or altcoin, holding stablecoin does not generate profit so holding it is not called investment. If you want to find profits, invest in bitcoin and altcoins, risks always exist in the investment environment so be cautious before investing.

This is the best time, I advise you to focus on bitcoin altcoins at this time are not safe and may crash if bitcoin continues to fall. However, the decision is still up to you.

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