Topic: How safe it is to invest in cryptocurrency - page 9. (Read 2413 times)
If asked to invest in a crypto is safe or not then the answer can be safe and can also be risky, depending on how the assets are managed. one person with another will certainly get different results in investing in crypto because it depends on how their strategy and how they manage their respective assets. Regarding the ongoing war, I don't think it's only cryptocurrencies that will be affected, but other fields will also be affected. so that's one of the risks of a war where it has an impact on market prices dropping drastically. basically because I little more knowledgeable about the crypto world so I think the crypto investment is a safe and profitable investment..
I would rather say that Bitcoin is a decentralized way of saving money, once a vast majority of other cryptocurrencies (so called shitcoins) will make you lose money in the mid/long term.
Who really cares about Bitcoin and understands how different it is compared to the fiat system, also understand the importance of hodling it. Those who are seeking for the quick buck will get into the other coins, trade, etc, and will eventually win and lose money over time, but in the long run, I believe most of those coins will have little to no value.
Who really cares about Bitcoin and understands how different it is compared to the fiat system, also understand the importance of hodling it. Those who are seeking for the quick buck will get into the other coins, trade, etc, and will eventually win and lose money over time, but in the long run, I believe most of those coins will have little to no value.
Bitcoin is indeed a store of value. I believe it is safe to invest in cryptocurrency in general despite all the negative news circulating the mainstream media. As long as you know how to store well your private keys and do all safety measures in order to secure your funds, then youvhave nothing to sorry about.
Bitcoin can act as both mode of payment and store of value. In fact, a lot of people nowadays use it for both of its functionalities. It is very handy and convenient for people to have their assets stored in crypto because it can accummulate over time, and it is not prone to inflation as well as hacking, only if you know how to store and handle well your account's information.
If people would be knowledgeable enough about bitcoin, there would be so many advantages and benefits waiting for them out there. Vast opportunities such as profiting due to their skills and techniques could be given. Hopefully, more people would see bitcoin as a thing to entrust so they could make the most of what they have.
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.
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.
If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).
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
Due to its volatility, crypto will always be a way more risky investment than any traditional stocks like gold or shares of top companies.
At the same time, there's a number of advantages, so it is highly recommended to do your own research and estimate the risks vs potential profits.
At the same time, there's a number of advantages, so it is highly recommended to do your own research and estimate the risks vs potential profits.
Every investment that can store assets from its owner certainly has an advantage, of course, it cannot be separated from several factors.such as asset storage in cryptocurrency, which is very easy to reach by the miners themselves.so it is not easy to be hacked by irresponsible people. currently rampant hacking of assets from owners is certainly something we should be aware of considering that we have to control the assets we store anywhere, including cryptocurrencies.
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.
There are no 100% safe investments, things like that don't exist. And I would argue that that's not the important part here. Crypto wasn't initially thought up for investment purposes and was an ideological far cry from what it is today, but those core principles still hold true to this day. It's hard to say how crypto will look in the future as it will definitely need to adapt for it to become more accessible and adoptable, and some of those core principles will, unfortunately, have to be left on the sidelines.
Without mincing words, I will tell you straight up that it's not safe investing in cryptocurrency. A lot of investors have been wrecked through that but then is there any business venture that's absolutely safe to invest in? Nah! Every business comes with a certain level of risk. There's none without it. Except that crypto is mostly unpredictable. There's a caveat that people should not invest more than they can afford to lose, and it's rightly so. Again, if you want to minimize risk to a greater extent I would advise that you invest in Bitcoin only.
Imagine everyone is worried about their money in the banks and the banks are closed due to some sort of disaster, in the other hand, you are fine because you keep your BTC in a safe place.
this is also a big disadvantage, imagine that someone withdraws money from the bank and buys 1 bitcoin and decides to keep it in his wallet and the next day this person gets sick and is hospitalized without being able to speak, the family has no money and is starving and days later the person who is hospitalized dies and the family does not know about the existence of bitcoin, and they went through difficulties for many, many years, but if the person had kept the $47000 in the bank, the family would have access to the money and could cover expenses of food and take to do some business
investing in the cryptocurrency world certainly has its own advantages where miners can control their assets very securely so they can avoid hacking by irresponsible people, especially in the cryptocurrency world we are free to withdraw assets with unlimited limits if miners want to leave the bitcoin world for a long time so that it can be done in the digital currency
Bitcoin is giving us an opportunity to save our money we are the only one who has full control of it and no banks can decline or hold it if anything goes wrong with ourselves. The authority cannot force us to withdraw it from our wallets even though they know the balance inside, they are just totally helpless and with that, we can securely save our assets from any other form of disaster especially wars and sudden chaos in our country. Imagine everyone is worried about their money in the banks and the banks are closed due to some sort of disaster, in the other hand, you are fine because you keep your BTC in a safe place.
Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.
The investment gives no SAFE assurance as it totally depends on us but I guess working it and investing knowledge here gives some light and safety to our funds.
Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.
The investment gives no SAFE assurance as it totally depends on us but I guess working it and investing knowledge here gives some light and safety to our funds.
I'm on Bitcointalk since 2014, but knew about Bitcoin since 2012-2013. Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.
Bitcoin, Ethereum, Binance coin, Polkadot are a few notable options to invest, however, there are plenty of others out there waiting for you to seize the day.
P.S Woo 1900th post.
Bitcoin, Ethereum, Binance coin, Polkadot are a few notable options to invest, however, there are plenty of others out there waiting for you to seize the day.
P.S Woo 1900th post.
Even up tontjis moment, many still look up to cryptocurrency as a bubble that is almost ready to burst. With each increase 8n price bringing it to its elastic limit. Is that really it people? Because I think not!
Over the years, I've learnt not to go both foot in all cryptocurrency but, I can't say the same for bitcoin. Although, in doing this, one has still got to play by the rules and always invest with what you can afford to loose. This little pennies grow on you and can turn out to be what you can't afford to loose but the main idea is, at your time of investment, it was what won't cost us such and you should have a plan for your investment.
Bitcoin is relatively the safest cryptocurrency out there, truly decentralized and have been known to stand the test of time. Its the only coin I could recommend for an investment.
Over the years, I've learnt not to go both foot in all cryptocurrency but, I can't say the same for bitcoin. Although, in doing this, one has still got to play by the rules and always invest with what you can afford to loose. This little pennies grow on you and can turn out to be what you can't afford to loose but the main idea is, at your time of investment, it was what won't cost us such and you should have a plan for your investment.
Bitcoin is relatively the safest cryptocurrency out there, truly decentralized and have been known to stand the test of time. Its the only coin I could recommend for an investment.
Bitcoin is decentralized and Bitcoin is quite safe for you to invest. If you say cryptocurrencies are not safe at the moment because of the war between Russia and Ukraine, I think you are wrong. Cryptocurrencies have many other Altcoins, the negative problem caused is more for Altcoins centered in these two countries. Supposedly when chaos occurs the only best solution to save our money is in Bitcoin. The biggest fear with our finances is inflation after the war. The financial turmoil of our country can be seen from the experience of the First World War. Money will be meaningless, massive inflation occurs in these countries.
Always do a lot of analysis before investing, when we get to know bitcoin and cryptocurrencies the first thing we do is use spare money to invest, don't use main money because the market is unpredictable, I hear a lot of people stress and commit suicide because of debt and lose assets because of investing in bitcoin in 2017 and when 2018 the market dropped and this became an important lesson for us.
Not only the moment you begin but also if you are already ready at investing, it is best to always use spare money because like you said the market is not predictable and at any moment we can lose but that's okay and acceptable because it was not the main money that we use but if ever we earn a profit then that's nice. We can keep some of that profit and use that for re investing till we can grow it bigger.It is okay to get stressed but it should not get to the point of ending your life. Money can still be replaced anyway but not our lives. It is also bad to enter because of hypes, like what happened to the people that invest in the year 2017, as it can only discourage you once the hype is over.
If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).
Other than the trusted top order cryptocurrencies there is always risk with cryptocurrency investment. As mentioned more number of traditional stock investors never look for the cryptocurrency investment. In recent months this has changed and more traditional investors have turned towards cryptocurrency investment. One such happened with the statement of Goldman Sachs terming bitcoin to compete gold as a store of value, years back bitcoin was termed as a ponzi by Goldman Sachs.With time changes have been taking place with the network, so is with the investors who once revealed negative thoughts about bitcoin.
Broadly speaking, the top of the crypto market cap is the safest investment. Bitcoin, Ethereum, BNB, LTC and other top lists are proven safe and are favorites of well-known investors as you mentioned Goldman Sachs and several BTC critics who have turned pro crypto.
I think how safe we are to invest in crypto depends on how much we understand crypto and how much experience we have with conditions in the crypto market. If we don't understand what crypto is then crypto is the worst place for us to invest.
It shouldn’t always be about what people thinks about cryptocurrency, it should be what you yourself thinks about it. I don’t really care about people’s opinion as long as I believe that something is right. Some people have a problem with seeing what is right, when they see something right they tend to condemn it and only choose what is wrong. This can be due to misunderstanding and lack of information.
If you truly understand cryptocurrency and you feel it is right for you to invest in it, then you don’t need anybody’s opinion on it. This is your own money that you are investing in the market and it it’s not other persons money, it is yours so you have the full right to do as it pleases you when it is your money.
If you truly understand cryptocurrency and you feel it is right for you to invest in it, then you don’t need anybody’s opinion on it. This is your own money that you are investing in the market and it it’s not other persons money, it is yours so you have the full right to do as it pleases you when it is your money.
If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).
Other than the trusted top order cryptocurrencies there is always risk with cryptocurrency investment. As mentioned more number of traditional stock investors never look for the cryptocurrency investment. In recent months this has changed and more traditional investors have turned towards cryptocurrency investment. One such happened with the statement of Goldman Sachs terming bitcoin to compete gold as a store of value, years back bitcoin was termed as a ponzi by Goldman Sachs.With time changes have been taking place with the network, so is with the investors who once revealed negative thoughts about bitcoin.
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