How safe it is to invest in cryptocurrency - page 5.

Rengga Jati

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Quote from: Asiska02 on March 29, 2022, 06:50:37 AM

How safe it is to invest in cryptocurrency

If we only read the title of this thread, we can just say
"of course, it is not 100% safe to invest in cryptocurrency, high gain, and high risks.
We can see how risky in invest in cryptocurrency. But, why do many people still invest in cryptocurrency? Because there are still many changes that can make someone gain more than the loss, because we know and understand that investing in crypto is not gambling, so that we must know about the basics of investment, trading, crypto, and also of course the knowledge about the cryptocurrency itself and the money management for invest

alik111

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Quote from: fashcoca on March 30, 2022, 06:38:00 AM

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.

fara_buduk

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I don't know from which side and side we look at in the investment world, both traditional and cryptocurrency, because basically everything has clear security in terms of ownership but in terms of value, price, and profit everything can't be confirmed because it depends on the attitude and method. we choose....
it's just that cryptocurrencies offer more benefits and security because we fully have the power full rights without any third parties

Vaskiy

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People invest into stocks, bonds, properties, real estate based on the trust that it'll grow with time. With cryptocurrency the same happens in a much larger scale compared to the traditional forms of investments. Just because it is highly volatile, often there arises the question how safe is to invest in cryptocurrency.

When you invest into cryptocurrency, only thing need to be considered with caution is the selection of coins as well as the wallet to keep the cryptocurrencies in a highly secure manner.

UmerIdrees

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Quote from: Asiska02 on March 29, 2022, 06:50:37 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.

Can I ask the question is How safe it is to invest in Fiat money ? You may see that paper money is more centralized and safe but you will never look at things like inflation and infinite printing of the paper money. I would conclude that it is unsafe to keep the money in paper notes.

It's best to invest in bitcoin due to its limited supply, no inflation and above all it's a truly decentralized currency.

Oilacris

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Quote from: Woodie on April 16, 2022, 06:44:56 PM

Other than stablecoins, One thing is for sure about all other cryptocurrencies including bitcoin is that they are highly volatile if you are considering to invest in them as price is constantly fluctuating and in terms of value security, well non guaranteed which is why professional financial advice from an accountant , investment manager etc is needed. Otherwise cryptos are highly rewarding provided you take the risk.

You are right on this one on which whenever you do step your foot into this market then you should really be prepared on the risk involved with it.YOu cant just make out investment if its risk-free because

this isnt how the reality works.You do need to sustain and be wise on making with your investment decision or else you would really be ending up on losing money
rather than on earning.So SAFE isnt a right word or even on traditional investments as well where risk is just on default.

Woodie

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Other than stablecoins, One thing is for sure about all other cryptocurrencies including bitcoin is that they are highly volatile if you are considering to invest in them as price is constantly fluctuating and in terms of value security, well non guaranteed which is why professional financial advice from an accountant , investment manager etc is needed. Otherwise cryptos are highly rewarding provided you take the risk.

decodx

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Quote from: rhodelmabanal on April 16, 2022, 05:36:35 PM

Crypto has a safe and a risky side and you'll be the one to choose what side you are. If you wanted a big profit then you need to take the risk the more risky the more profit you can possibly get, but if you wanted to less the risk i think ethereum and bitcoin is the safer choice because this two coins is proven and tested.

In many cases, people invest huge amounts of money in crypto without understanding it or the potential risks that come with it. And without realizing they might lose their entire capital. So, as an investment, it is a risk, but it is only good as long as you can handle the risk and as long as you know what you are doing.

DoublerHunter

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Quote from: rhodelmabanal on April 16, 2022, 05:36:35 PM

Crypto has a safe and a risky side and you'll be the one to choose what side you are. If you wanted a big profit then you need to take the risk the more risky the more profit you can possibly get, but if you wanted to less the risk i think ethereum and bitcoin is the safer choice because this two coins is proven and tested.

^ No, they are safe haven those coins that are on the top of the CMC.
Because they already tested that you will have a profit when there is a bull market and we will experience that when BTC has a massive hike increase of the price. All you have to do is set a profit, when you will see that your profit was there, then cut it off and reinvest again your profit once BTC has a correction of the price. Top 5 altcoins also have the potential to gain profit and avoid investing in meme coins which only increase the price when there is hype. People will always fall into their trap because they are FOMOed with the hype.

rhodelmabanal

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Crypto has a safe and a risky side and you'll be the one to choose what side you are. If you wanted a big profit then you need to take the risk the more risky the more profit you can possibly get, but if you wanted to less the risk i think ethereum and bitcoin is the safer choice because this two coins is proven and tested.

haasanjui

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There are many wallets and websites where your fund will be safe but after investing in Cryptocurrency then you need to do some spare from scammers. And you have to follow terms and conditions of your wallet. Which make your wallet secured.

Jody.Drummer

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Quote from: mayfair_coin on April 15, 2022, 04:17:23 AM

According to us,investing in cryptocurrency is completely safe keeping one thing in mind that crypto must be legal in that nation where you are living and having your economy.Investing in crypto can give you good results after some time after all crypto is the future currency of the world.

No, even if they are legal in a country but still the word safe is not very suitable for bitcoin, they are not safe because if you read this whole thread then you will know the answer. here a lot of Scam, Fraud or even other frauds that can cause you to lose the assets you have.
other than that, people's habits are relatively real, some are trading, some are investing for a longer term. for profit here we cannot guess whether it will be profitable or not in a certain period of time because we are talking about volatility. this is far from safe but being in bitcoin is something that is quite worth it to do

bitcrystal

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If by safe you mean that to avoid rug pull projects then I will say you should stick to bitcoin and try some other top 10-20 coins. Another thing is that you should ensure you have your coins in your personal wallet. Any coin you buy let it be in your wallets and not on exchange. Lastly ensure you do your research yourself.

LUCKMCFLY

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When talking about investment, what my mind shows me is Bitcoin, Now if I want to diversify safely, it is the technique that I learned after all the boom happened and it is an ilpogia technique, when you have full confirmation that BTC will give its trend bullish, where the altcoin season is activated is when you should expect BTC to have a small correction, to buy altcoins at that time, because when the BTC correction occurs, the altcoins fall even more in price, and at that moment you should buy because when btc goes up again those altcoins will give at least 2x, 3x, 4x and if you are very lucky up to 10x... I think that is the safest way to invest in another currency that is not BTC, because BTC will continue his way to heaven.

crypver

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Quote from: mayfair_coin on April 15, 2022, 04:17:23 AM

According to us,investing in cryptocurrency is completely safe keeping one thing in mind that crypto must be legal in that nation where you are living and having your economy.Investing in crypto can give you good results after some time after all crypto is the future currency of the world.

Well Investing is the battle against volatility which goes against your direction. One of the main drivers against cryptos is their legal status. Slowly but surely they will be suppressed more and more.
Luckily law and order is only relevant as long it is enforceable and there are already numerous solutions out there which dissolve this enforce-ability especially for cryptos.
Sure the price of cryptos will go down with every kind of suppression but on the other hand other solutions will come up to ensure the existence of cryptos as well.

mayfair_coin

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According to us,investing in cryptocurrency is completely safe keeping one thing in mind that crypto must be legal in that nation where you are living and having your economy.Investing in crypto can give you good results after some time after all crypto is the future currency of the world.

josgandosbro

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It not easy investment. Before investing you about the all coins. So before investing check the marketplace price and follow the marketplace price day by day then know about the coins price and then invest. It any time changes and scam some people. So learn everything then invest it. Choose the best coins for the investment.

Kelvinid

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Quote from: Asiska02 on March 29, 2022, 06:50:37 AM

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.

Well, people just did it already. They'll already be spreading negative views about cryptocurrency
1. scam
2. fraud
3. use in illegal activities

I'd look in the opposite view of the market, I'd ignore listening to them. Because the only thing I believe about "security investment" just only happens if we invested the right coins, the right wallet where to store our assets, the right system we use upon holding. That all lies on us eventually...

Nrcewker

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Quote from: Nerdy doctor on April 14, 2022, 10:19:20 AM

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

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.

tokyohd

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Quote from: Asiska02 on March 29, 2022, 06:50:37 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.

Investing in cryptocurrency is always risky. Your money is never safe here. Anything can happen at any time. However, if you invest in Bitcoin, the risk will be relatively low.

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