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Topic: How safe it is to invest in cryptocurrency - page 8. (Read 2413 times)

sr. member
Activity: 1045
Merit: 273
Security of bitcoin itself is not a questionable thing, it is impossible to crack into it and many people have tried. Remember that satoshis wallet has 1 million bitcoins and its out there and if it was even possible to crack into that and get it, then people would have done that without a doubt. The reality is that, if you are getting scammed then it is because of you, something you have done.

After the security part is over, we have the price action which means that if you invest into bitcoin and get something you are not content with then it is a bit of a problem based on your belief, I am invested and I am feeling quite safe about it, but if you do not then maybe you should consider another investment.
member
Activity: 949
Merit: 48
It’s a new form of digital currency. It’s the future,so you can trade without a doubt. The safest cryptocurrency right now is bitcoin. It depends on what cryptocurrency you are investing in. Bitcoin and Ethereum are proven investment options. Also, you better check before investing in any currency, whether it is legit and worth investing in. There are many scam currencies as well.
I agree that bitcoin and ethereum is the most safe cryptocurrency to invest. Cryptocurrency is composed of different coin with different function and use case so the safetiness depends on the coins that you choose, so we need to do research before investing before deciding what coin we wanted to buy because in crypto there is also a risk scam project and scam coins are still the problem a big problem in crypto and we need to take care to avoid losses.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
The current level of crypto security is very worrying where many fraudulent projects are scattered, where the fomo of one coin can also trigger fraud between users.
I think it's different from bitcoin, which is single in nature and doesn't have children on its network, it's different from ETH and BSC which use their network a lot to invest,
Therefore, before investing more in researching the coin/token,
jr. member
Activity: 63
Merit: 1

The crypto market is liberated from the political ideology or conviction.

I wouldn't say that crypto market is fully liberated from the political ideology or conviction. Many crypto exchanges are US based or operate there hence they will do everything what US government will tell them to do. As you mention Russia/ Ukraine situation, recently Coinbase exchange blocked all accounts related to Russian citizens. I'm not sure about exact number but I heard about 25k accounts. Crypto exchanges are also part of crypto market and to say that they are liberated from the political ideology or conviction is total BS. Crypto was meant to be liberated from the political ideology or conviction but in fact it's difficult to find place where you can be sure that your account and funds won't be blocked. Unless you store your crypto in cold wallets.
jr. member
Activity: 42
Merit: 1
If someone drove their car and crashed almost eeryday causing injuries all the time, they would have their license revoked and car impounded.  Bitcoin retarded kikes are looking at much stiffer penaltie for crashing everyday. War is oon and killing is the right thing to do to a reckless driver who doesnt stop crashing and hurting people.
hero member
Activity: 2170
Merit: 530
Every investment certainly has its own risks.but investing in the world of cryptocurrency, of course we can control the assets that we have stored in cryptocurrencies with a relatively high level of security so that they are not easily broken into by hackers or scammers who are not responsible for the assets that are stolen.we have today, maybe this is one of the advantages of storing assets in cryptocurrencies so that there is no longer any sense of concern that miners have about the level of security of their assets

For me the word safe for cryptocurrency depends on how you protect your seed phrases, where did you choose to save or preserve your assets either it is in a hard wallet or in online wallet. The word safety of assets in cryptocurrency lies on the hand of the owner because at the end of the day the responsibility to keep it safe is in his hands unlike fiats which we can save it in the bank. Let's practice properly how to secure our assets in crypto because once it is stole ot's hard to retrieve.
jr. member
Activity: 42
Merit: 1
0 it drops in value pretty much always. if there is nuclear war now I do hold some of you kikes responsible. you crash too much and you may have to be wiped off th earth
sr. member
Activity: 1330
Merit: 289
Even if you do involved yourself with traditional investments then risk would be always present even on simple decisions in life does have some risks into it and thats why we should really accept that fact or reality.

Never ever tend to mind off about being safe because once you do step your foot on crypto investment then prepare out yourself with lots of possibilities of losing your money.

So the way you do able to handle is to make yourself knowledgeable and skillful and of course having that risk taker kind of mindset.
I'm not saying risk is not right, because i know that a risk take is liable to acquire a diversified wealth, cryptocurrency investment is by process and if you understand the process full well you will land by losing your capital every time, and i know one of things that can make some one to correct itself is through the mistake that happens through personal investment, but i assure you that any one who knows his way into cryptocurrency does not experience many lost in crypto, so it depends the kind of cryptocurrency investment you are into
sr. member
Activity: 1218
Merit: 254
Trphy.io
Every investment certainly has its own risks.but investing in the world of cryptocurrency, of course we can control the assets that we have stored in cryptocurrencies with a relatively high level of security so that they are not easily broken into by hackers or scammers who are not responsible for the assets that are stolen.we have today, maybe this is one of the advantages of storing assets in cryptocurrencies so that there is no longer any sense of concern that miners have about the level of security of their assets
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
To me I will say cryptocurrency is safe to invest in became it used cryptography to secure transaction and it didn't have any central issue, instead using a suburbanized system to record all the transactions. Though, is at risk to invest but is safe if we're acquainted with the market. It also safe because you know when market is going against you, and when you are making profit because is a currency that one can no it movement and easy to monitor.
yes it is risk to invest in cryptocurrency but no investment that is not risk both offline business or investment and online investment, for cryptocurrency investment is sure investment but it is investment that requires time investigation to know if what you are investing on is from legit source or not, %30 of investors who registered into cryptocurrency investment today and get lost is people who did not make successful research of the coin, the risk of coin come's in when their is no potential investigation result
Even if you do involved yourself with traditional investments then risk would be always present even on simple decisions in life does have some risks into it and thats why we should really accept that fact or reality.

Never ever tend to mind off about being safe because once you do step your foot on crypto investment then prepare out yourself with lots of possibilities of losing your money.

So the way you do able to handle is to make yourself knowledgeable and skillful and of course having that risk taker kind of mindset.
sr. member
Activity: 1330
Merit: 289
To me I will say cryptocurrency is safe to invest in became it used cryptography to secure transaction and it didn't have any central issue, instead using a suburbanized system to record all the transactions. Though, is at risk to invest but is safe if we're acquainted with the market. It also safe because you know when market is going against you, and when you are making profit because is a currency that one can no it movement and easy to monitor.
yes it is risk to invest in cryptocurrency but no investment that is not risk both offline business or investment and online investment, for cryptocurrency investment is sure investment but it is investment that requires time investigation to know if what you are investing on is from legit source or not, %30 of investors who registered into cryptocurrency investment today and get lost is people who did not make successful research of the coin, the risk of coin come's in when their is no potential investigation result
full member
Activity: 812
Merit: 108
Honestly, crypto is more fertile ground than any other out there, but each one needs to be taken seriously and disciplined to limit side risks.  Every investment corner has different levels of risk tolerance, but it is a road with a future ahead.  Therefore, the management of risky assets is an urgent task with an obligation to learn and improve.
newbie
Activity: 9
Merit: 0
To me I will say cryptocurrency is safe to invest in became it used cryptography to secure transaction and it didn't have any central issue, instead using a suburbanized system to record all the transactions. Though, is at risk to invest but is safe if we're acquainted with the market. It also safe because you know when market is going against you, and when you are making profit because is a currency that one can no it movement and easy to monitor.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
Even though there's high risk incurred in crypto investment, it can still be considered to be safe if we're very conversant with the market structure and also able to run our analysis properly.

It should also be registered in our minds that there's virtually little or no investment without risk, so as an investor If there's anything to always be prepared for, it's risk.
A very important skill that a trader needs to have is to accurately evaluate the risk they are taking and the possible reward they can get against each other and decide if it is worth it, however this is a difficult skill to obtain and it is without a doubt one of the great flaws of the newbies that are just entering the market.

After all when they invest in a shitcoin they only see the potential profits they could make, but they never consider the risk they need to incur to get those profits, because if they did it they will soon realize that it was not worth to invest in such a shitcoin, when the possibility of losing all the capital they invest in it is so ridiculously high.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
Cryptocurrency is safe for me because if i buy bitcoin and other cryptocurrencies i do see it in my wallet without asking someone to help for monitoring my investment, and when market is going against you in market you know and when you are making a profit you also know, so because is a currency you can know it movement i think is safe, but some people only think of the profit alone but not really boarded of it positive, when market is dip your investment is safe but when is in bearish your investment is yielding.
hero member
Activity: 980
Merit: 947
Before start investing in bitcoin, you need to thoroughly understand all about the security and storage of your coins. This is a very important moment that you can not miss and hope that everything will be fine. Therefore, it is very important to take the time to study all the issues that interest you and only after that buy bitcoin. If at some point something is not clear to you, you can ask a question on this forum and they will answer you.

Personally, I am interested in bitcoin for investment, so the issue of reliable storage is very important for me. At the moment, the Ledger wallet is considered one of the most convenient and reliable options. A cold wallet is also considered safe, but it is not so easy to manage.

Bitcoin has very big prospects in the future, it is much better than fiat money, it is not subject to inflation. I believe that the price of this asset will grow very much in a few years and this will bring a very good profit to everyone who understands this now and will patiently hold bitcoin. Over time, people will increasingly trust cryptocurrencies, they will be in their daily circulation, and it is important to understand this now, when everything is just beginning.
sr. member
Activity: 1246
Merit: 254
Trphy.io
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.
If you say crypto currency maybe all types of crypto currency will be included there, such as shitcoin, altcoin and bitcoin, I dare not say other coins are not safe to invest, but I do not dare to invest other than bitcoin, because I believe more in investing in bitcoin compared to other coins, because in my personal opinion investing in bitcoin is very safe, easy and reliable, because as long as I invest in bitcoin I have never once felt cheated, the risk I face is only a matter of price, sometimes it goes up like a ladder, sometimes it goes down like raindrops.
newbie
Activity: 53
Merit: 0
It's not that it's not safe, it's just that you need to know that it's very risky and also not like the conventional investing in the stock market.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
Even though there are some good projects but still investing in crypto is something that is very risky and indeed very high risk.
must be aware of this because indeed this is related to money and of course when it comes to money then it is definitely very dangerous to do.
Accuracy is very important in this case besides continuous learning is also very important because even though they are very difficult to predict but by learning all these movements it will be a pretty good thing at least we can minimize failure
Just because there is a big upside potential shouldn't mean a guaranteed investment anyway. Bitcoin is as guaranteed as it gets in the crypto world and even that has like 50% drops, where do you see that kind of drops in the regular stock world, sure some drops but 50% is very rare there, happens like maybe once a decade, or to very bad stocks.

This is why I believe that we shouldn't really be shocked at the results, we should be feeling a bit more comfortable about the fact that it is risky but its fine because we are getting into it since it has a better chance to change our lives completely if we are right and that is what people trust.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting

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.
I tried to imagine how wonderful it would be if the actual picture wasn't the opposite.  Bitcoin is more than just a thing that can exert its inherent power, yes value is what creates false opinions and arguments to increase the position of the intrusion.  You can see the volatility of bitcoin is far different from that of crypto.  Either way for any of the parties involved, I think it will be difficult to merge
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