How safe it is to invest in cryptocurrency - page 6.

Lanatsa

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Quote from: Vaculin on April 14, 2022, 04:41:56 PM

Quote from: cheezcarls on March 29, 2022, 07:47:25 AM

For me, it’s safe to invest in cryptocurrencies if the wallets, exchanges and platforms that we’re using are “safe” and respects “privacy” no matter if it’s Bitcoin or any altcoin out there. But when it comes to the cryptocurrency’s history, reputation, market capitalization, trading volume, etc., “safe” isn’t the word of choice because of the market volatility and has unpredictable movement.

When it comes to an investment, i think everything is not totally safe even if you invest in decentralized coins like bitcoin, and in decentralized exchanges. Everything comes with risk, and as long there are always losses waiting every time we invest, investing in cryptocurrency will never be safe. However, investing in bitcoin through buying at a low price and selling at its high price, has always been safer and most likely create guaranteed profits than investing in altcoins that are mostly associated with scams.

Its never been safe no matter how good looking it might be or how huge potential it might have on near future because we know that theres always a associated risk when it comes to these dealings.You cant just put up

money into something without having the risk of losing it but of course you would need to risk for you to earn therefore you dont really have some choice honestly.

If you do have some money to spare or willing to lose then investing in crypto is a good idea but dont anticipate nor even expect that you would really be getting profits in the future.

Vaculin

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Quote from: cheezcarls on March 29, 2022, 07:47:25 AM

For me, it’s safe to invest in cryptocurrencies if the wallets, exchanges and platforms that we’re using are “safe” and respects “privacy” no matter if it’s Bitcoin or any altcoin out there. But when it comes to the cryptocurrency’s history, reputation, market capitalization, trading volume, etc., “safe” isn’t the word of choice because of the market volatility and has unpredictable movement.

When it comes to an investment, i think everything is not totally safe even if you invest in decentralized coins like bitcoin, and in decentralized exchanges. Everything comes with risk, and as long there are always losses waiting every time we invest, investing in cryptocurrency will never be safe. However, investing in bitcoin through buying at a low price and selling at its high price, has always been safer and most likely create guaranteed profits than investing in altcoins that are mostly associated with scams.

cintaku008

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First of all - I would advise you to start with training. At least when I started working, I used the demo account of Amarkets broker. I find this option quite interesting.

to invest in the crypto world for beginners you have to study it first on the website, because crypto is different from company shares which is clear by the existence of the company.
a little bit you choose a token or coin your money will be lost if the crypto is a scam, I suggest investing in bnb it is still very possible to profit in the future

amishmanish

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Bitcoin is foundation of crypto currency, it is safest. Ethereum is also a safe house, there are a few others, which can be considered as safe. If you invest in these , probably there is no risk But there is another market of shill coins, where you kind of gamble. These coins are very hard to predict and invest there only when you have researched well, else you can loose all you invest

Altryist

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Quote from: suzanne5223 on April 12, 2022, 12:00:17 PM

The volatility which is the great kick in cryptocurrency investment is also the reason why it generates great benefits and not knowing when the market will reach full maturity is the reason why I think we should not consider crypto or Bitcoin investment to be totally safe.

High volatility provides great opportunities compared to stable assets, but the risks are also much greater. You can talk about risks if you are a trader, and to a greater extent a short-term trader or a scalper. Because for hodlers it does not matter, they buy and patiently wait for the right price. Holding will always outperform trading, of course there are exceptions, but they are too few.

Nerdy doctor

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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

wiss19

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Quote from: bakasabo on April 12, 2022, 05:32:16 AM

From my point of view, the only safe way to invest in cryptocurrency is to invest in an altcoin that is created by your trusted friend or a company. Invest in a project only if you know that its owner has positive reputation and have enough funds to cover losses. In other words, invest into something that you can get something back in case of bankrupt. Every other investment is a gambler or random.

That is a very very very risky way to invest. I mean your friend should not be able to build something that 100+ people build together, it would be very rare to see something like that. I am sure there must be friends of those people in the world, but how many? It must be a low number.

It means that if I wait for my friends to build a project then I will be screwed. Not that it hadn't happened, I have telegram "friends" and they have built 3 projects, I am so capable of building one right now that with like 100k I could build one o the top projects that gets super hyped all because I know the "tricks" o it, but all of them fail in the end.

topman21

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I think investing in cryptocurrencies is a lot safer. When I invest in cryptocurrency, I invest in Bitcoin, BNB and Ethereum.Besides, I keep stacking on savings account using USDT. From here they give me a profit every day.That's why I like investing in cryptocurrency You can also invest in cryptocurrency this way if you want. If Bitcoin and Etherium seem to be a lot of risk, then you should use USDT and keep stacking on the savings account.

Pesona1

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All existing investments of course have risks as well as cryptocurrencies, crypto sometimes has a large return but can also be very risky too if we do not understand and not choose the right investment in crypto, before investing in crypto we should be aware of all the possibilities that will happen , and that's why many experts recommend using cold money if you really intend to try investing.

olib123

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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.

Lubang Bawah

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Quote from: Jafar-Safari on April 13, 2022, 02:24:50 AM

Yes investing in cryptocurrencies is safe.
while investing in cryptocurrencies, prudent investment practice would recommend a diversified portfolio so that a sudden drop in any one cryptocurrency does not wipe out the entire invested amount.

All types of investments including cryptocurrencies have the same opportunities, namely up and down significantly, and all investors know that cryptocurrencies are like a roller coaster, the opportunity to rise in tens of percent is common in a day so if we hope for big profits then we must dare to take big risks. also big.

Jafar-Safari

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Yes investing in cryptocurrencies is safe.
while investing in cryptocurrencies, prudent investment practice would recommend a diversified portfolio so that a sudden drop in any one cryptocurrency does not wipe out the entire invested amount.

alik111

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For you and all the new Traders, investing in crypto is very risky.Becasue crypto has both scam and legit projects.You have to find out which one is good and which one might be scam.You have to be an experienced crypto investor.

Brownish1

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Well, I will say that investing in Crypto currency is so risky, but it also have potencially extremely profitable. investing in Crypto is risky because the money that is put in Bitcoin or any cryptocurrency is not save, but it has high level of security. And also investing in Bitcoin appear to be save and very secure. But incase of making it save you have to determine the knowledge of the investor, because most of the investors hmake losses just by have the mentality of Bitcoin been safe

crussaders1411

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Crypto investment is one of the investment instruments that was successfully born because of the sophistication of technology that exists today. The type of investment that offers high returns.
as part of technology, cryptocurrencies such as bitcoin actually have a very high level of security.As a piece of technology, bitcoin is very secure, there has never been a story where bitcoin was hacked
What becomes vulnerable to being hacked is the tool or platform of the exchange or buying and selling of bitcoins. Therefore, education in choosing a company or trading platform for cryptocurrency is important

suzanne5223

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Quote from: amishmanish on April 12, 2022, 10:23:18 AM

I believe investing in bitcoin is as safe as investing in any major hedge funds.

TBH, nothing in this world is totally safe and yes, investment in Bitcoin appears to be safe but what will make it safe is determined by the investors knowledge.
A lot of investors have made losses just by having the mentality of Bitcoin being a safe investment in terms of hedge funds while they lack the proper knowledge.

Quote from: amishmanish on April 12, 2022, 10:23:18 AM

The volatility of bitcoin gives a kick and it is pretty unpredictable where it will go as this market is yet to reach its full maturity. Yes it is quite safe as, it has achieved a size too big to ignore, and we are seeing its increasing day by day.

The volatility which is the great kick in cryptocurrency investment is also the reason why it generates great benefits and not knowing when the market will reach full maturity is the reason why I think we should not consider crypto or Bitcoin investment to be totally safe.

Xampeuu

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Quote from: riso2015 on April 12, 2022, 11:42:56 AM

Quote from: amishmanish on April 12, 2022, 10:23:18 AM

I believe investing in bitcoin is as safe as investing in any major hedge funds. The volatility of bitcoin gives a kick and it is pretty unpredictable where it will go as this market is yet to reach its full maturity. Yes it is quite safe as, it has achieved a size too big to ignore, and we are seeing its increasing day by day.

Although bitcoin does not have an official company, bitcoin is very much loved by almost all people, even every year there is always a significant increase, even bitcoin has been operating for more than 12 years, no one has ever been deceived by bitcoin investment, so until now I are still comfortable investing in bitcoin.

those who feel cheated by bitcoin investments are those who are less knowledgeable about cryptocurrencies, and are usually beginners who want a quick return with a big profit, until they finally buy at the top and the price undergoes a correction that no one knows when it will end. thus they say that bitcoin investment is a scam. this happened a lot in 2018. but for those who already understand bitcoin it will be fine to see the price reaction, because they believe that bitcoin will be more popular and increase its price later

riso2015

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Quote from: amishmanish on April 12, 2022, 10:23:18 AM

I believe investing in bitcoin is as safe as investing in any major hedge funds. The volatility of bitcoin gives a kick and it is pretty unpredictable where it will go as this market is yet to reach its full maturity. Yes it is quite safe as, it has achieved a size too big to ignore, and we are seeing its increasing day by day.

Although bitcoin does not have an official company, bitcoin is very much loved by almost all people, even every year there is always a significant increase, even bitcoin has been operating for more than 12 years, no one has ever been deceived by bitcoin investment, so until now I are still comfortable investing in bitcoin.

amishmanish

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I believe investing in bitcoin is as safe as investing in any major hedge funds. The volatility of bitcoin gives a kick and it is pretty unpredictable where it will go as this market is yet to reach its full maturity. Yes it is quite safe as, it has achieved a size too big to ignore, and we are seeing its increasing day by day.

Mikky.Crypto

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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.

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