Topic: Is Cryptocurrency a Good Investment? - page 2. (Read 1068 times)
It's a bit of both yes and no, because I think that before investing on crypto or even at anything, you should do your own research and learn as much as you can before jumping in and then when you do it, cryptocurrency becomes profitable.but if you are just in it for the quick money grab, then there is a likely chance that cryptocurrency will not be profitable.
Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.
P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky
Exactly and for some reason, new traders feel like every coin is worth investing until they face the raucous reality. It's true that crypto investments are much more worth than non-crypto investments because the market is still expanding but that doesn't mean all the projects are legit and all the promises are true.P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky
If you invest in a serious and legit coin then even 100x is possible but if you made a mistake and invested in either a not-so-serious project or a meme coin, then only
Crypto investment is profitable but the precautionary measures you need to take are more than you take in the stable stocks market.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Of course, investing in cryptocurrencies is profitable, but you need to choose the right time for this, choose good cryptocurrencies and have a clear strategy. If you invest simply without these at least three factors, then there is a high probability of losing your funds. If we talk about investing in cryptocurrencies right now, I think now is a good time for this, since there is a high probability that by the end of 2021 there will be another growth phase. All that remains is to choose the right cryptocurrencies for investment and have your own strategy for holding down and then selling purchased cryptocurrencies.
Re: Is Cryptocurrency a Good Investment?
Investing in it's entirety is mostly subjective. I could think $AMZN is a good investment, and you may think it's not; and it's the same for literally any other asset in general. The only way to find out is to do your own research and go decide for yourself.
It is such a shame that this has happened because not only they invested in a coin that is not the worst that we have here in the market but it is really far away from being the best
-snip-
That's just the problem in a (currently) unregulated market like cryptos ... Everybody can advertise for anything and doesn't have to fear any consequences. This would not be possible in the stock market, for example, or would result in severe penalties if advertising was done and the price then plummeted massively - as is the case with Doge. -snip-
I'm not even accusing Elon of malice, I just think he likes the fact that he can manipulate the market like this and does it primarily for fun.
The best investment choice, no need to hesitate and no need to worry too much about this.
I wonder if anybody has come across something else that can give as much return as crypto investments does without having to wait for several years before gaining that profit! From my experience nothing has even come close to it. Sure, there's risk due to the volatility but sometimes there are risks worth taking, and to me crypto is a perfect example of this.
The best investment choice, no need to hesitate and no need to worry too much about this.
I wonder if anybody has come across something else that can give as much return as crypto investments does without having to wait for several years before gaining that profit! From my experience nothing has even come close to it. Sure, there's risk due to the volatility but sometimes there are risks worth taking, and to me crypto is a perfect example of this.
Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.
P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky
P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky
It's easy to see the investment that you've got to drop if it came from bounties or airdrops.
You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.
You might feel emotional and might do a quick panic sell.
You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.
You might feel emotional and might do a quick panic sell.
yeah totally..I feel sad too if my airdrop goes to -80% lol
It's more exhausting to trade/invest on our own money, tried a few times, can't stomach it better than money from the airdrop.
So I just stick with what I do best, doing bounty and airdrop. Casually throw some of my own money too, but rarely.
If you do, then you lose your money.
But using your rewards from bounty, whether you lose or not, you won't feel bad because you've taken zero money off your pocket.
Indeed. But some people out there still do not realize that crypto is the best investment even they say bad things about crypto. I hope those people can learn and open their minds to accept crypto and invest in crypto.
When they invest in crypto, they can buy and hold and let crypto works for them. That is the only solution for those who can't learn or don't want to learn much about making more money from crypto. They still make a profit in the future, especially if they can hold bitcoin as the best investment.
Using their spare money that will work for them, just invest and hold then do nothing,
In the long run the market will bring them huge benefits but it's not easy as it is, knowing those people who don't believe this venue
they'll rather to look for other types of investment than risking their money inside this market. we can't for them as the mindset that
they've got is far different from how we seen this opportunities that crypto provides.
If this will be over, and I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.
The problem with Doge is quite simply that the Elon hype has caused a lot of people to jump on board who have never been in contact with cryptos before and have at most read about Bitcoin in the newspaper. If you look at the Doge chart now, you can also see that a lot of "newcomers" have burned their fingers with it and will certainly not come back so quickly. It's easy to see the investment that you've got to drop if it came from bounties or airdrops.
You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.
You might feel emotional and might do a quick panic sell.
You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.
You might feel emotional and might do a quick panic sell.
yeah totally..I feel sad too if my airdrop goes to -80% lol
It's more exhausting to trade/invest on our own money, tried a few times, can't stomach it better than money from the airdrop.
So I just stick with what I do best, doing bounty and airdrop. Casually throw some of my own money too, but rarely.
The best investment choice, no need to hesitate and no need to worry too much about this. Because sometimes some people just say at the beginning that is in the middle of the journey.. they turn into disbelief because of some risks.
In addition in crypto, we really have to know which coins are of higher quality and more popular from time to time, and the top coins are still very worth holding//as an investment choice.
In addition in crypto, we really have to know which coins are of higher quality and more popular from time to time, and the top coins are still very worth holding//as an investment choice.
Contributing to crypto resources is hazardous but moreover possibly greatly beneficial. Cryptocurrency may be great speculation in case you need to pick up coordinate presentation to the demand for computerized money, whereas a more secure but possibly less profitable elective is to purchase the stocks of companies with a presentation to cryptocurrency.
It is a good investment as long as it is not a shitcoin or memecoin. If that particular crypto has a real project then there is nothing wrong investing to those coins. A crypto can soar more than 500% of its price after some years as long as its development is continuous. If we invested to those coins in their early stage, it could bring us a huge amount of money that could be enough to use in our retirement. Been into crypto since 2016, price is really volatile but investing to it for long term is really a good choice for me.
Yes, I agree that cryptocurrency is a good investment but have a high risk also, you maybe win big and lose big. But still it is a great investment if you know how to run this and what is the process to gain a high profit. But, just like how other people define cryptocurrency as investment, some of them says it was good and the best place for investment but some of them says its not because there is a possibility that you might lose such a big amount of money in this. Investing in cryptocurrency might be hard since you need to research a good coins where you can earn a high profit but you should be aware with the risk. Don't invest something if you don't really know what to do. For my years in this market , i already experienced both to profit and to lose but i knew this from the start and i know that for me to gain then i must invest and risk.
But Correct , Crypto investment is the most profitable and the best way to earn money if you know how to wait and focus and never expect something for easy way , instead learn how to take time and wait.
It is a good investment as long as it is not a shitcoin or memecoin. If that particular crypto has a real project then there is nothing wrong investing to those coins. A crypto can soar more than 500% of its price after some years as long as its development is continuous. If we invested to those coins in their early stage, it could bring us a huge amount of money that could be enough to use in our retirement. Been into crypto since 2016, price is really volatile but investing to it for long term is really a good choice for me.
Yes, I agree that cryptocurrency is a good investment but have a high risk also, you maybe win big and lose big. But still it is a great investment if you know how to run this and what is the process to gain a high profit. But, just like how other people define cryptocurrency as investment, some of them says it was good and the best place for investment but some of them says its not because there is a possibility that you might lose such a big amount of money in this. Investing in cryptocurrency might be hard since you need to research a good coins where you can earn a high profit but you should be aware with the risk. Don't invest something if you don't really know what to do. 
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Indeed, the popularity of these coins has all the potential for market strong competition. However, it takes a lot of years to mature and establish higher demands to cater or orders just to make it higher. Not only with india but also for other bigger countries with having such top growing economy.
Asking if crypto is a good investment? Yes it does but doesn't mean that it would be simply in terms of selecting which coins you would be getting.If we do consider on how many coins overall
in the market then you would really be finding hard to determine so its better to stick with top rank ones to avoid the hassle and headache and you should always aware with the risk
as always be because theres no guarantee on making profits or money within this market if you don't really know on what you are doing.
Indeed, the popularity of these coins has all the potential for market strong competition. However, it takes a lot of years to mature and establish higher demands to cater or orders just to make it higher.
Those coins were already established and some even got an issue against SEC. They all got the potential and they've shown it already because all of them are listed at the top ranking of the market.Not only with india but also for other bigger countries with having such top growing economy.
It is for every country that shall adhere to the adoption of cryptocurrencies if they're looking for its growth. 
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Indeed, the popularity of these coins has all the potential for market strong competition. However, it takes a lot of years to mature and establish higher demands to cater or orders just to make it higher. Not only with india but also for other bigger countries with having such top growing economy.
For some, this may be a good place to invest, for some, a place where he will lose all his money. It all depends on the right moment.
After all, if you had invested half a year or a year ago, you would have received great results and would not have asked such questions. However, right now, your investment may be drowning in a bearish trend market.
That is why are some people asking "It is too late to invest in Bitcoin?" If we don't give doubt about crypto and start investing them earlier, we might become a millionaire now but too unfortunate that we have lived that kind of human instinct and mostly we have driven by such doubts and uncertainty. After all, if you had invested half a year or a year ago, you would have received great results and would not have asked such questions. However, right now, your investment may be drowning in a bearish trend market.
We are afraid to risk because we wanted to see the result first as proof. It is not actually wrong because we want assurance but it was too late to find it and now, we are in regrets.
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