Topic: How safe it is to invest in cryptocurrency - page 7. (Read 2413 times)

Just never invest in shitcoin and that will save your asses mate, because there are so many coins to choose from but there are only little that has secure and sure to stay long.

the best option? Invest in Bitcoin and that's all, because in the years to come? for sure you will taste the benefits of your hardship in investing.

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.

You have to get two things here, talking about cryptocurrency and Bitcoin.
Directly referring to cryptocurrency which we known to be (Altcoin) and bitcoin has its own values so if i may say you have to note specific cryptocurrency you are investing your resources and most cryptocurrencies likely to be over hyped leading to pump and dump. But bitcoin remains and will not fall drastically unlike other cryptocurrencies out there basically people are being carried by news.

This is the reason why people have Bitcoin as the biggest investment in their portfolio if they know what they are doing. I have seen plenty of newbies who got into crypto for the first time ever and then invested all of their money into silly shit memecoins and lost it all. Why did they do that?

Because, there were a few people who invested 2% of their money into these shitcoins and suddenly it got hyped and had a fake breakout which made them rich, but that breakout caused a huge dip to the price eventually when the follower newbies joined and they lost a lot of money. This is simply it, anyone who knows bitcoin would know that it is the most trustworthy one.

do you know how many people who turn to billionaire because of bitcoin investment bitcoin is already making people rich because it appreciate and that is what is making people to be investing in bitcoin to be expanding more. Bitcoin investment is not hard because you can do buying and selling, buy at low price and sell in high price but not for trading because is trading that requires big things to learn

Cryptocurrencies are definitely here to stay. A lot of people have started making cash from them. The returns are just much higher than anything else. However, there are certain risks associated with them too. You should have proper knowledge about them before doing any transaction.  You should also track the market closely and regularly. Since there are no regulations, there are a lot of scams and frauds in the market.

No investment is safe, there will always be the risk of losing, the investment that has the least risk for me due to history and in terms of the movements of its cryptocurrency chart is and always will be BTC, because BTC may go down to a value anyone but I know his last ATH was in the $70k range and I know that at any moment the next ath will be much further from $70k based on what we can expect and many are hoping is that it will hit at least $100k but I think that if it reaches $100k it will continue to grow much more, it may reach $150k, and I'm not saying it, many experts say it.

It is important to understand both the security and the risk when it comes to cryptocurrency investment. Like everything has two sides, and it has a thin line. Similarly, if you do not take proper precautions when investing in cryptocurrency, you may lose your investment.

Since cryptocurrency is based on decentralized technology, it does not have customer support or back-office support. This makes it dangerous to invest in cryptocurrency without full knowledge.

So always do your own research before investing in cryptocurrency. Get proper knowledge, even never invest that much amount, which you cannot afford to lose.

I do agree that bitcoin is safer than a bank and it is also quite good that you could make more money this way as well. This means that government can't reach to your funds neither, and you could make more money than they are comfortable with as well. Not only you will profit, but they can't do anything about it neither, like if they run the nation to ground, your money will be in bitcoin, and you will be doing fine.

Imagine people who owned bitcoin before Venezuela became like this, I am pretty sure that they are doing fine. It means that bitcoin is both safe because it gives you better returns, but also safe from governmental overreach.

Investing in cryptocurrency never confuses me. I have invested all my money in cryptocurrency without leaving the bank.I have now invested in buying some more coins including BNB Bitcoin Ethereum. And USDT fixed deposit.I have seen that the fixed deposit that USDT has made comes from a much better profit from the bank. For this, I bought USDT directly without leaving any money in the bank and kept it in savings.

Investing certainly has risks, the level of risk that we get depends on how we study and analyze market conditions properly. As of now I can still say that cryptocurrencies are still safe to invest in, but not all projects are there. When it comes to bitcoin, this is not a big risk. You have to be patient and have good skills. Some people have a weakness because they can't invest at the right time, sometimes they are often reckless and influenced by the framing of negative issues on social media.

Due to the current legality issues and lack of crypto laws that will help you protect your investment from hackers, loss of passwords, loss of device, malware or ransom attacks, and cyber frauds which may result in permanently losing your money, it is not the right time to invest in cryptocurrency, especially for investors who are looking for a safe and secured means of investment. To read more kindly click this link
https://www.fintoo.in/blog/is-it-safe-to-invest-in-cryptocurrency-here-is-all-you-need-to-know/

I think how safe it is to invest in crypto depends on you. You have to start with yourself, keep it in your heart if crypto is really safe. If it has been passed a little bit your burden will lessen. In addition, don't ever say or leak your Bitcoin code to other people, even the closest people. No one will know what it will be like in the future, therefore it's a good idea to store the code properly and safely.

I don't believe the answer to this question is as simple as choosing between white and black. Between these, as with any asset class, there will be ups and downs. It is entirely dependent on your decision-making after researching the project/company. In the same way that the stock market has both good and bad companies, you should do extensive research before investing in any cryptocurrency. By stating that you do not consider crypto currency to be currency, but rather stock in a company. However, everyone can agree that blockchain will change the world in the same way that the internet and other technologies have in the past, and crypotocurrency is simply a byproduct of the blockchain technology.

bitcoin is the safest place to invest among other coins even with high fluctuations, but later it can provide better returns. at least with bitcoin it will be more profitable than saving in a bank, even though the price of bitcoin does not increase every year, but if we are patient the value will exceed the first time we bought it, therefore we must know its characteristics. while saving in the bank will not increase the amount of our money, sometimes it even decreases when the interest we get is not worth the administrative costs. especially when compared to the inflation rate, of course not comparable, it's just that the value we save remains the same.

Here's a look at some of the cryptocurrencies and bitcoins. Whenever you move into a cryptocurrency, it will display all the currencies, including shit coins.It is better for you to invest in Bitcoin instead of investing in cryptocurrency.I think investing in cryptocurrency is very save. If not, keep saving or stacking with USDT.Even so, owning one is still beyond the reach of the average person.If we all invest in something better than shit coins, then of course people will have faith in cryptocurrency.And the crypto world will go a long way.

here I only mention Bitcoin not altcoins...

100% investment in Bitcoin is very safe, as long as you save your BTC in hardware wallet, keep your private key in the safest place and don't tell anyone else. Altcoins that have emerged so far are only trying to take a small part of the market that Bitcoin dominates. make Bitcoin your main investment and don't hesitate to invest in Bitcoin.

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

I don't blame those that are yet to support the existence of bitcoin, such people are the types that exhibit uncertainties, fear and doubt, they are people whole are not willing or ready to take risk but wanted to succeed in life, they'd better watch things happening than for them involved in the happenings.


This is an aspect whereby everyone have different thoughts and views about what bitcoin is, some called it ponzi scheme, some gambling while other sees it as a hideout avenue for scamming and money laundering, but the truth is that bitcoin is a digital decentralized currency.


None, no one has come out to profess any loophole in bitcoin, not even a single one, they lack every jurisdiction to claim the allegations moreover on who will they lay it? on a decentralized entity? its not possible and that's to the fact the i most respect about Satoshi Nakamoto, decentralization and anonymity.

I also assumed about some government that collect tax on bitcoin activities and yet they never accept it as a legal tender or recognized its standard and role in the current economy trend to be fast growing, i asked myself are they afraid or just in doubts about adopting bitcoin, the worse scenario is that politicians uses bitcoin to save up their assets because it is knowingly to them that fiat banks could raise an alarm to the AML and other government agencies for a suspicious transaction which can easily deprive them of their privacy.

When it comes to dealing with money, I don’t think it could ever be safe. However, if you have a clear mind and are certain you won’t get lost in translation, then sure, it can be safe, as long as you take measures like secure your wallet and do not pass the password to multiple people.