Topic: How safe it is to invest in cryptocurrency - page 12. (Read 2413 times)
In times of war, Bitcoin is a much better option for you to keep your wealth intact. Not only will you be controlling your funds even in the middle of destruction, you will also be making sure that your wealth's value is not affected by the economic repercussions of the war. However, given that shops and stores are still not accepting Bitcoin, it is always best to have a good amount of cash in your possession, an amount which you could easily carry across international borders should the necessity arise.
Of course, every investment has its own risks, such as investing in the world of cryptocurrency, of course, there will also be loopholes to break into or we lose assets in bitcoin if we are not careful in carrying out intensive supervision at all times, for example, bitcoin security against cross-sectional assets is also closely monitored. by the bitcoin itself but if there is a scam then we also can't do much about the assets we have, but this is very rare in the world of Cryptocurrency
From what I got from your post, crypto won't be affected much by whatever issues that could arise from the Russian Ukraine issue right? On the title first though, it's safe if you consider how you're your own bank, that is unless you use centralized exchanges then well, you're pretty much ruining the idea and are only there for the investment part most likely. On the post itself though, it wouldn't bring any significant change imo, the biggest change would've already happened at the start really and seeing as it didn't really do anything, I don't think the Russia Ukraine issue would still affect the market.
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.
The level of safety in investment depends on each investor. Each person will have different thinking and investment methods, so they will bring different profits and risks. As with all financial investments such as forex, stocks and cryptocurrencies, there will always be certain risks. Nothing is 100% safe.
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.
Your title sounded like you wanted to know if crypto currencies are safe to invest or not, but your post says something else which is very confusing to understand what you are actually trying to express. 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.
If you are talking about how safe it is, then you should know that it is "safe" as long as you invest only what you can afford to lose. This is because the market is very volatile and the volatility can catch you off guard. It is safer if you invest in well known crypto currencies and hold them for long term.
And yes, you are right. People shouldn't come to a conclusion about crypto currencies without doing their own study. Sadly most people follow those mainstream media which spreads FUD on regular basis.
Until now, investing in crypto is still very safe. crypto is a common word, if you invest in it by choosing a trusted coin, you don't have to doubt your money. You only do an analysis before investing so you don't lose when a dump occurs. crypto is not safe, if you invest in a new project, a lot of fraudulent projects happen. lots of coins left by their owners. to our detriment. so if investing, always be careful in choosing coins.
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
Regardless of the conflicts and policies, Bitcoin will restore its reputation as the most trustworthy cryptocurrency. Even despite all of these disagreements, the general public continues to embrace Bitcoin.
Nowadays investing in bitcoin and other cryptos is way safer and simpler than years ago. Before it was a huge bet, the whole system could've failed any moment, now we have even big companies and banks investing in cryptos. Of course there still are a lot of scams and price volatility, it's something that mustn't be forget, but in the long run we should be fine.
Too big to fail? Probably but not into the point that you could really be having some assurance because everything could fail or shall we say that there might be other coins which would overtake bitcoin into this manner.The main key on here is that invest on the amount or money that you can afford to lose as always because you couldnt be sure on what would happen since future isnt something guaranteed.
I do agree though that on these years it is much more safer than or compared into the past considering the adoption and recognition rate.
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.
The level of safety in investment depends on each investor. Each person will have different thinking and investment methods, so they will bring different profits and risks. As with all financial investments such as forex, stocks and cryptocurrencies, there will always be certain risks. Nothing is 100% safe.
And this market is the same, if you have a strong money management strategy that controls your risk, you store your coins safely and you only invest in bitcoin then you are making your journey here as safe as possible, but if you do not have a strategy, store your coins in a computer full of viruses and pirated software and invest in shitcoins then your journey here will not be safe at all.
Nowadays investing in bitcoin and other cryptos is way safer and simpler than years ago. Before it was a huge bet, the whole system could've failed any moment, now we have even big companies and banks investing in cryptos. Of course there still are a lot of scams and price volatility, it's something that mustn't be forget, but in the long run we should be fine.
No investment is safe in a war like situation. Still compared to fiat and precious metals, bitcoin has probably done better. The stock market in my country is catching up on greens and thus the effect of the war was temporary even though it has not ended yet.
While weighed against the long term pros and cons of Bitcoin, there is ample support to the fact that Bitcoin is a good investment compared to other fiat sectors. That is what should be used as a metric, not a temporary change in the world.
Truely the long term effects of the war cannot be predicted today, but whatever happens because bitcoin is decentralised and will be in a position to be traded freely everywhere in future, it will be a better mode of transaction and store of value.
While weighed against the long term pros and cons of Bitcoin, there is ample support to the fact that Bitcoin is a good investment compared to other fiat sectors. That is what should be used as a metric, not a temporary change in the world.
Truely the long term effects of the war cannot be predicted today, but whatever happens because bitcoin is decentralised and will be in a position to be traded freely everywhere in future, it will be a better mode of transaction and store of value.
A good analogy if it's about a person that's part of the war, it's safe to invest in crypto because you're literally saving your assets by converting them into cryptocurrencies.
But for someone who's new to investments, it's not really safe at all. They may not take how high the fluctuations are and that could lead them to a very big discouragement upon experiencing and seeing it personally that the value of their assets is dropping if the market goes down.
But for someone who's new to investments, it's not really safe at all. They may not take how high the fluctuations are and that could lead them to a very big discouragement upon experiencing and seeing it personally that the value of their assets is dropping if the market goes down.
So if you think there are large conflict of belief and disbelief then at the end of day it’s all about what side you choose and how you make it more brighter. For me crypto currency is whole new era and just like we can’t live without our phones These days, I’m not able to live without crypto currency! That’s how the life has become now and it’s totally different before I got introduced with the crypto. For me, I have developed immense interest in the same and I think it’s my belief so that’s my choice at the end of day.
Now coming to the safety of crypto, well in the financial zone there is always conflicts. You have to have good management skills. The more you risk it the more you loose it. Crypto is safe heaven if you play well with it.
Now coming to the safety of crypto, well in the financial zone there is always conflicts. You have to have good management skills. The more you risk it the more you loose it. Crypto is safe heaven if you play well with it.
It is safe as long as you know how to handle your investment and knows what you are investing on.
There are lots of investor right now who just came into crypto because of the profit that they heard or seen by someone.
Every investment has their own risk so investor should know how to handle it.
There are lots of investor right now who just came into crypto because of the profit that they heard or seen by someone.
Every investment has their own risk so investor should know how to handle it.
I would rather say that Bitcoin is a decentralized way of saving money, once a vast majority of other cryptocurrencies (so called shitcoins) will make you lose money in the mid/long term.
Who really cares about Bitcoin and understands how different it is compared to the fiat system, also understand the importance of hodling it. Those who are seeking for the quick buck will get into the other coins, trade, etc, and will eventually win and lose money over time, but in the long run, I believe most of those coins will have little to no value.
Bitcoin is indeed a safe choice because it's clear the development has clear uses, it's clear the community. However, most of the shitcoins are still in doubt because they do not have guarantees. But several other altcoins such as ETH, BNB and several altcoins that are included in the CMC top 10 list can still be trusted because they can see their progress.Who really cares about Bitcoin and understands how different it is compared to the fiat system, also understand the importance of hodling it. Those who are seeking for the quick buck will get into the other coins, trade, etc, and will eventually win and lose money over time, but in the long run, I believe most of those coins will have little to no value.
Investing in crypto, even if it's bitcoin or altcoin, both have risks due to price fluctuations and high volatility. For those who can't manage crypto investments well then they will lose their profits.
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.
The level of safety in investment depends on each investor. Each person will have different thinking and investment methods, so they will bring different profits and risks. As with all financial investments such as forex, stocks and cryptocurrencies, there will always be certain risks. Nothing is 100% safe.
We have to first evaluate what do you mean by safe. Let's consider some situations here :
1. Safe from the governmental bodies
- They cannot just take your bitcoins and other cryptocurrencies and then block your accounts, how they usually do it during the times of war and such, to increase the overall value of their currency and to decrease fluidity.
2. Safe as in *value*
- You should know that cryptocurrencies are volatile which does mean that if the value is down at any moment it's going to certainly go up the next which also mean that you need to have 'patience' if you can't you are ofcourse going to loose a lot.
Safe for different people mean different things and at the end of the financial freedom, financial safety is also considerably important.
1. Safe from the governmental bodies
- They cannot just take your bitcoins and other cryptocurrencies and then block your accounts, how they usually do it during the times of war and such, to increase the overall value of their currency and to decrease fluidity.
2. Safe as in *value*
- You should know that cryptocurrencies are volatile which does mean that if the value is down at any moment it's going to certainly go up the next which also mean that you need to have 'patience' if you can't you are ofcourse going to loose a lot.
Safe for different people mean different things and at the end of the financial freedom, financial safety is also considerably important.
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
Will it not be affected? how negative news is often thrown into crypto and finally the price drops sharply. And plus the issue of the government banning mining, banning exchanges, and recently India levying a huge tax on cryptocurrency holdings due to the large uncontrolled flow of funds?
When it comes to investing, you need to know cryptocurrencies and Bitcoin. Cannot be compared because of their different nature when talking about cryptocurrencies means talking about all cryptos of various types. Let's get straight to the point and focus on Bitcoin. If you invest in Bitcoin then please don't include the problem that occurred as a reference. Because Bitcoin has nothing to do with war. Bitcoin is independent and works as it should even without war. Even without the Russo-Ukrainian conflict, the movement of BItcoin is relatively off track.
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.
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.
By answering your question in the spirit of the discussion, I think it is relatively risky to invest in cryptocurrencies if you plan on profiting on your investments. Due to its inflationary nature and value, its price may change every second/minute without any given notice, compared to all the available investment mechanisms present.
But, one thing that cryptocurrencies (BTC, to be specific) is relatively safe is that it can be a good store-of-value due to its significant and high value on the market. Many people have started investing into cryptocurrencies due to their value on the market. I guess that one of the benefits of having crypto is that you can always withdraw and cash them out without anywhere in the world.
Jump to: