Topic: How safe it is to invest in cryptocurrency - page 4. (Read 2354 times)
The safety of your money is in your hands. You can’t blame anyone for your losses if you failed at analysing the market correctly and making a profitable trading decision. Study well to stay safe.
If it is about securing the future, then without doubt it is the safest way to enjoy the future. What we save today will surely help us in the future.
I can agree that investing in crypto is the way to help our financial strength in the future. But I don't think it is the safest way, investing in crypto has a high risk, no one knows what to happen to crypto investment in the future. That's why we don't invest all our money in crypto, just use the money that we can afford to lose. Put all money in crypto investment isn't the right way to secure our future.Ever since crypto investment can't be considered a safe haven. That is why it has always been said that "Invest only the amount that you can afford to loss". This clearly means that there is no guaranteed assurance upon investing crypto as anytime, you will your money as it was hacked or you emotionally sell them at a cheap price.
However, if you can afford to face the risk and manage to hold your funds long-term surely you make a huge profit from it, especially if you are investing in Bitcoin as it this been proven it was growing.
If it is about securing the future, then without doubt it is the safest way to enjoy the future. What we save today will surely help us in the future.
I can agree that investing in crypto is the way to help our financial strength in the future. But I don't think it is the safest way, investing in crypto has a high risk, no one knows what to happen to crypto investment in the future. That's why we don't invest all our money in crypto, just use the money that we can afford to lose. Put all money in crypto investment isn't the right way to secure our future.
If it is about securing the future, then without doubt it is the safest way to enjoy the future. What we save today will surely help us in the future. If you go through any of the article, for what purpose cryptocurrencies were preferred by people will give the answer. To overcome the inflation happening with their traditional currencies the best choice is cryptocurrencies. Earlier people used to have lots of criticism, but now things are different with the institutional investors participation.
Cryptocurrency investment also has some risks, currently most governments in the country do not have the same protections for cryptocurrencies as for real money in bank accounts. However, if you want to succeed in changing your life, you have to take risks, because now I see bitcoin investing as having a high chance to be rich in the future.
The risk you're talking about are scams and hacks but indeed that is another risk here when it comes to investing in cryptocurrency but other than that, the main risk that everyone should worry about are from the effects of volatility. In some countries their governments don't regulate cryptos but it doesn't mean a bad thing but in fact people like this because cryptos are supposed to be independent and free from government control.It's only the responsibility of the person that invest in cryptos and they should accept it whatever happens to their money but if they get lucky and pass all the hazards of crypto, they can become really profitable.
Cryptocurrency investment also has some risks, currently most governments in the country do not have the same protections for cryptocurrencies as for real money in bank accounts. However, if you want to succeed in changing your life, you have to take risks, because now I see bitcoin investing as having a high chance to be rich in the future.
Cryptocurrencies are one way or another a promising direction for investment. Another thing is that choosing the right asset for this can be difficult, and here the same lottery begins as with any other assets for investment.
You are correct and can say that because it is exactly what it has turned to now. Lottery is in most cases better because we do not have to pay to be in lottery apart from buying a product or service and get raffle tickets for them without seriously hoping to win. But when we buy cryptocurrencies all our attention is on it to do well and make money from it. This is hard to guess right these days as alot are now managed by scammers.
Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency. A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency.
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Safer than everything you know about Investment , specially if you are going to invest in Bitcoin alone because this is the most secure? most reliable? and most profitable at all time.
so Look at it? invest at it? and never hesitate as long as you can keep holding the coin and not just looking for easy money.
so Look at it? invest at it? and never hesitate as long as you can keep holding the coin and not just looking for easy money.
Answering this question directly, they are safe in this case if we talk about Blockchain technology (it stores, encrypts and protects all the information related to them without mentioning that they are decentralized). But when we talk about insurance to invest as such, it is not entirely safe, we must bear in mind that they are currencies that do not have a fixed price, so their value can go up or down, but when talking about cryptocurrencies such as BTC, ETH and others because it is a little safer (there are equal risks but less than others) due to the great manipulation that these have in the market, they are volatile and if today it is down, investors buy and obtain benefits in the long term when is in a bullish state… so yes, it is safe to invest in cryptocurrencies, as long as you are aware of the subject and take into account the risk involved.
volatility is common in crypto market. "Safe" word describes those cryptocurrency that has potentiality for long term (they dumped temporary but increase in long period). Bitcoin, eth are for example. But shitcoins are also crypto-currencies where you need to face full of risk. They doesn’t has any Safety zone. It means you can lost your fund even whole fund if investing with them.
In terms of knowledge, those long-term assets are projects that can be hold while the market continues to dump down. There's no safe zone as you as investor is the one who knows how to handle pressures. With this kind of volatility, you needed to have a strong foundation that will allow you to be compensated when the market start to pump back.
Your decision making is very crucial when you are aiming for your investment to be safe. Every action you take will reflect back
to your hold projects.
Investing in cryptocurrencies is definitely risky. We have to invest knowing that it is risky. However, it is possible to avoid some of the risks by keeping the market informed from regular active. Moreover, you have to invest by choosing a good project.
Investing in Bitcoin is safe but if someone invest in newly launched coins then there's a big chance that you invested in a shitcoin.So to be a safe crypto investor I would recommend to know about the trading strategy. And you must follow some rules to be a safe crypto investor like you should never invest on shitcoins, need to research more about crypto projects.
Bitcoin is a source of income for many families who were poor, but they need capital
You should say Bitcoin is a digital Virtual currency which can be used for digital transection and we can make money by Bitcoin if we trade, hold or do doing crypto promotions.
Its not safe for new crypto investors to invest in Bitcoin.
volatility is common in crypto market. "Safe" word describes those cryptocurrency that has potentiality for long term (they dumped temporary but increase in long period). Bitcoin, eth are for example. But shitcoins are also crypto-currencies where you need to face full of risk. They doesn’t has any Safety zone. It means you can lost your fund even whole fund if investing with them.
Investing in cryptocurrency is very safe as long as the key you hold is not known by others if you store the key in an unsafe place like you store the key on an android that is connected to the internet then there is a possibility that the key can be hacked by other people and your assets will be stolen by someone else.
I think you have misunderstood the word SAFE that the OP meant, from what I understand the OP write , he did not discuss how safe our investments are from theft or hacking, but I think the OP is trying to compare how safe bitcoin investments are than other types of investments such as property or gold, so what the OP discussed I think has nothing to do with wallet security or whatever, apart from investment security in providing returns or profits that we can get in every condition such as conflict, pandemic or in the event of a monetary crisis 
.
In my opinion, everything will depend on what your approach really is, if what you say is how safe it is to invest in any cryptocurrency or in Bitcoin. Of course, there are some cryptocurrencies that I would classify as "safe investments". But that is more than anything it would be those that are relatively stable, bone that are supported by something.
But if you say Bitcoin I think it would be safe to invest if what you want is money but not in the short term, of course in terms of study it is the most reliable thing to buy, and if you have a little knowledge of trading, you will know that it is the best option.
But if you say Bitcoin I think it would be safe to invest if what you want is money but not in the short term, of course in terms of study it is the most reliable thing to buy, and if you have a little knowledge of trading, you will know that it is the best option.
How safe is it to invest in anything??
In my opinion, there's always a chance of getting zero return on investment and possibly losing your capital.
Investing is a risk and profits are the reward if successful
In my opinion, there's always a chance of getting zero return on investment and possibly losing your capital.
Investing is a risk and profits are the reward if successful
OP is talking about investing not gambling mate.
There is never any chance of getting 0 return when you invest on something.
Either you lose some or gain some profit.
Unlike gambling it doesn’t makes your balance zero in one bet.
Regarding safety, if Bitcoins are legal in OP’s country , then you must invest in cryptos.
Just remember unlike other investments, it the interest rate is high then the risk of the investment is also high.
Rest everyone is well matured to invest in the proper place.
I understand and if it is necessary to clarify what you are saying, whenever it is talked about investing, the person has to be clear that they have to put their money in a certain asset, let's say 1BTC, in order to have bought it cheap so that in the long term or the time that is necessary to obtain a good benefit.
When it comes to cryptocurrencies in general I do not recommend any, only the only one I recommend is Bitcoin, because it is the currency that has its own life and that I know will never fail, this is something that everyone should keep in mind to be able to operate and establish a point of balance.
In the Stock Market, the big investors like WEarren Buffet, do their corresponding research for the investment, because they know that in 8-10 years they will be richer, instead with BTC they no longer have to do that research because the safe action is BTC , with other cryptocurrencies it can be done, but the risk factor is very high.
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.
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 can't make a centralised view of the different beliefs and critiques beacuse bitcoin is decentralized.
I mean everybody can freely share his/her opinion and this opinion will have the equal weight, but the total view will be unstable.
Investing in cryptocurrency is very safe as long as the key you hold is not known by others if you store the key in an unsafe place like you store the key on an android that is connected to the internet then there is a possibility that the key can be hacked by other people and your assets will be stolen by someone else.
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