Topic: I'm afraid of losing money - page 45. (Read 5716 times)
you can use hardware wallet like trezor for your asset security. feel safe and keep access your asset while online or offline. Just take a look in google for Trezor hardware wallet.
The deal is, we are all afraid to lose our money, who likes to lose their money ?
Money is the thing that keeps the world running and if we do not have money than we are out of the game, just like monopoly board game, so we never want to be out of the game and always keep that flow of staying alive until the next turn so we can get the paycheck once again.
However, if you do not ever take risks and do any sort of investments or try to go one bit further than your current state than you will always live paycheck to paycheck. I do not mean go all in and risk everything, some people take out loans and pay them while they are actually not making any money because of the bear market, so do not go out and do something that risky however if you want to just save up a bit cash on the side, nothing huge and try to use that money to invest into something you truly believe in.
If you lose that money, it was small enough that it didn't matter, if you make money you gained more to reinvest.
Money is the thing that keeps the world running and if we do not have money than we are out of the game, just like monopoly board game, so we never want to be out of the game and always keep that flow of staying alive until the next turn so we can get the paycheck once again.
However, if you do not ever take risks and do any sort of investments or try to go one bit further than your current state than you will always live paycheck to paycheck. I do not mean go all in and risk everything, some people take out loans and pay them while they are actually not making any money because of the bear market, so do not go out and do something that risky however if you want to just save up a bit cash on the side, nothing huge and try to use that money to invest into something you truly believe in.
If you lose that money, it was small enough that it didn't matter, if you make money you gained more to reinvest.
If you are afraid of losing money then you should start with a small amount of money, the amount you can afford to lose. Cryptocurrency offers a lot of opportunity, but it is also very risky. In my opinion, you have to take some risk to gain some.
Don't worry.I recommend that you use Ledger Wallet or protect your private key.Use antivirus for security.And don't click spam link.Be careful !
It is a logic reaction on the crypto because a lot of people don't still believe this one till the end and their have some doubts about its future and influencing.
You should relax, you can choose the famous wallet software, the wallet is your own. As long as you have a private key, you can retrieve your wallet in any application. I use imtoken2.0, which is very convenient to store most of the coins you need.
Ofcouse, as the market today, most likely you'll lose money on these bear market but there's no assurance also that during a bullish market, you will no lose money. So the truth is, cryptocurrency is a very risky market. But we all know, high risk means higher chance of rewards.
I believe that you are not the only one wondering about their assets , but it should be well known by all bitcoin and crypto user that there is no investment without lose. By risk people supposed to learn more and consistently. They should be realize everything has risks.
Sometimes, most people know that there is a risk of investing in bitcoin or altcoin. However, when the money is spent too much, and in the short time it goes away quickly, making them feel panicked is understandable.
You are right, every investors know the ups and downs in trading. I always plan for long-term for a good return these days most of them invest in hurry and expecting good return in a short time. Only miracle has to happen if they think like this, they want to understand the market situation and hold the coins if he/she need a good return. Patience is key for success.
It was a risk of losing money. When it was included in crypto, then there will be a lot going on whether it's a scam or hacking. If you don't want to take the risk of it certainly will not be able to produce in this field because the real crypto will be able to produce even though the risk is pretty much in it.
I believe that you are not the only one wondering about their assets , but it should be well known by all bitcoin and crypto user that there is no investment without lose. By risk people supposed to learn more and consistently. They should be realize everything has risks.
Sometimes, most people know that there is a risk of investing in bitcoin or altcoin. However, when the money is spent too much, and in the short time it goes away quickly, making them feel panicked is understandable.
All wallets can be hacked. It is best to store coins in different wallets. The most reliable is the Ledger. Or you should install metamask necessarily.
Anyway, it's an extremely bad idea to keep everything in one wallet. I have at least 15 wallets and my worst nightmare is to forget or lose the keys to them. But at least no one will withdraw funds from all my wallets at once.
Most of my friends told me to buy a nano ledger or something similar and in the end I will have to buy one just to be sure that my funds will be in extra safety zone. With the latest crazy news I won't be surprise to see a new exchange getting hacked over night so ye ...better save than sorry.
If you are holding a nice chunk of crypto, its almost necessary to purchase a hardware wallet these days. But if the wallet is actually worth more than your holdings I would go for the option of holding your crypto on some well established exchange, Binance would be my first pick. I know that most people would recommend a hot/desktop wallet right after the hardware one but in these times when malicious software is getting more and more sophisticated its quite easy to loose the funds from hot wallets. On Binance you have more layers of security like the 2FA which is a must. And if there is a security breach, they will probably return your holdings as well (not in the situation if the breach was a consequence of your actions).
There are special flash carriers that in order to activate access to the wallet, you insert the flash media, and it is activated, this is an invention of the Apple company.
Hey, guys!
I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.
The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.
Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.
I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.
The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.
Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.
I think that is not weird when people afraid to lose money. People will protect their treasure as safe as they want. They earn money and they try to protect it. You should wise and keep it from loosing it.
I think it is necessary to divide the amount into several parts, for example:
The first part is divided into 3 exchanges
The second part is divided between ordinary wallets.
The third part is transferred to a cold wallet or hardware
The first part is divided into 3 exchanges
The second part is divided between ordinary wallets.
The third part is transferred to a cold wallet or hardware
This is a normal situation when you are afraid of losing your money, because no one really wants his honestly earned money to quickly disappear somewhere, so I say that this is normal, but you still will not be insured.
I also in loss but I'm waiting for good time and for me there is no option that I m exit from any position ,so I also suggest to you that please be calm and hold if you are in big loss.
I'm not going to sell anything. I continue to hold as I believe better days would come soon.
I just want to organize my coins in one place and looking for a good reliable wallet.
I also in loss but I'm waiting for good time and for me there is no option that I m exit from any position ,so I also suggest to you that please be calm and hold if you are in big loss.
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