Is Cryptocurrency a Good Investment? - page 3.

jostorres

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Quote from: Ayub83 on June 23, 2021, 11:04:10 AM

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

For sure cryptocurrency is a very good investment, but you still have to play your game the right way to be able to benefit from the market. If you don’t play your game right, then you’re not going to benefit from the market. That’s why you have to take out the time that’s needed and learn the market, learn about the ways you’re going to be able to benefit from the market, whatever you know that you’re going to do to benefit, whether it is through HODL, trading, etc.

You just have to know what it is you want to do and then study very well. You have to understand fundamental analysis and technical analysis, these things are what will help you decide and trade perfectly.

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It will consistently be nice to fan out and increment your venture expansion with various resources like cryptocurrency, particularly in the event that you don't have that yet. It's an incredible arrangement to have crypto, above all, you ought not to anticipate benefitting early and put a huge sum in crypto on the off chance that you are not able to lose it. Numerous individuals have been singed towards that, and it's tragic to see them disdain BTC or crypto overall since they didn't make the best choice to explore.

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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.

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Quote from: panjay on July 02, 2021, 11:31:31 AM

Personally, I will say yes, it's something you buy and forget.

For the past 3-4 years, my source of crypto investment mainly from bounties/airdrop. So the R/R so good, because I only lost my spare time doing this rather than my actual money (if someday my coin holding go to zero, I have less regrets rather than using my own money mind you).

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.

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Everyone himself can answer this question. I think the most important thing here is the answer to the question "when".
After all, those who entered the market during its peak values are now suffering losses, the same thing happened in 2018. A lot of people came to the market and complained that they could not earn.

panjay

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Personally, I will say yes, it's something you buy and forget.

For the past 3-4 years, my source of crypto investment mainly from bounties/airdrop. So the R/R so good, because I only lost my spare time doing this rather than my actual money (if someday my coin holding go to zero, I have less regrets rather than using my own money mind you).

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Quote from: LimLims on July 02, 2021, 03:09:29 AM

Quote from: nhaila on June 28, 2021, 05:06:46 PM

Of course cryptocurrency is good investment plafrorm because I don't believe Fiat but cryptocurrencies. Crypto currency is a popular investment plafrorm but only long term investment. Bitcoin and Ethereum, Binance coins the best investment coins in the cryptocurrencies Coinmarketcap.

Yes you said the right difference between Cryptos and FIAT.
Crypto trading can be considered similar as Stock Market trading but here you can control your decision and funds own way.
If you are also planning to invest on Gold rather than crytpos then i can say that go for only Cryptos.
Cryptos soon will overcome all the asset market in the near future and will stand with great heights.
So yes you can conclude that crypto is a good investment.

I would say gold is not that bad, but fiat is definitely horrible. You go out and check every single person who has ever bought bitcoin and you will see that they are all hating fiat and that is why they are switching to crypto. Do not get me wrong there are corporations that go into bitcoin and they may like fiat, but even they do not love it, fiat is a broken system that will never be fixed because this broken system helps the ones who broke it to begin with. Crypto is nothing like that, its something that is beneficial for everyone and that is why it is so much loved.

Gold on the other hand is in the middle of the pack, it is not as great as crypto obviously, but I have to say its not as bad as fiat. Why? Because governments can't just print more gold and that is why it is obvious that we could simply just store it and it will gain value over course of decades.

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Quote from: Maslate on July 02, 2021, 07:44:35 AM

Quote from: tvplus006 on July 02, 2021, 07:33:54 AM

Quote from: ?? on ??

I think investing in cryptocurrencies depends on each person's view. For those who have studied the risks and rewards, and are interested in this investment, I think crypto is a good investment, we can see from the price decline during 2019, until now, of course for those who invested at that time have now made a fantastic profit, although this time it fell drastically, but the current price is above the previous peak.

Any investment should be made consciously and carried out at the most appropriate time for this. If you buy coins on high, then in certain cases you will have to wait a very long time for such an investment to bring you a profit. It is possible that now is the time when you need to buy coins, but at the same time, many traders are waiting for the market to fall further. Therefore, the final decision on the purchase remains with the investor who risks his wallet.

Only just to hopes that investors will never dump their crypto but instead to accumulate more. Now, the situation is becoming uncertain to pump or dump as the market moves in sideways. We never see a long time recovery after the market had fallen, even Bitcoin, after reaching back to $35k it drops back to $33k.
So, if the situation will remain like this, it is really hard for small capital to gain profit.

except when we trade daily, of course, sideways situations like this can be used as moments to profit many times, because the market does not break the lower support limit, so we can use it to look for a little profit and it happens many times, and the results are still fantastic. but if we want to invest must require patience until we meet the next bullrun.

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Quote from: tvplus006 on July 02, 2021, 07:33:54 AM

Quote from: ?? on ??

I think investing in cryptocurrencies depends on each person's view. For those who have studied the risks and rewards, and are interested in this investment, I think crypto is a good investment, we can see from the price decline during 2019, until now, of course for those who invested at that time have now made a fantastic profit, although this time it fell drastically, but the current price is above the previous peak.

Any investment should be made consciously and carried out at the most appropriate time for this. If you buy coins on high, then in certain cases you will have to wait a very long time for such an investment to bring you a profit. It is possible that now is the time when you need to buy coins, but at the same time, many traders are waiting for the market to fall further. Therefore, the final decision on the purchase remains with the investor who risks his wallet.

Only just to hopes that investors will never dump their crypto but instead to accumulate more. Now, the situation is becoming uncertain to pump or dump as the market moves in sideways. We never see a long time recovery after the market had fallen, even Bitcoin, after reaching back to $35k it drops back to $33k.
So, if the situation will remain like this, it is really hard for small capital to gain profit.

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Quote from: ?? on ??

I think investing in cryptocurrencies depends on each person's view. For those who have studied the risks and rewards, and are interested in this investment, I think crypto is a good investment, we can see from the price decline during 2019, until now, of course for those who invested at that time have now made a fantastic profit, although this time it fell drastically, but the current price is above the previous peak.

Any investment should be made consciously and carried out at the most appropriate time for this. If you buy coins on high, then in certain cases you will have to wait a very long time for such an investment to bring you a profit. It is possible that now is the time when you need to buy coins, but at the same time, many traders are waiting for the market to fall further. Therefore, the final decision on the purchase remains with the investor who risks his wallet.

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Quote from: nhaila on June 28, 2021, 05:06:46 PM

Of course cryptocurrency is good investment plafrorm because I don't believe Fiat but cryptocurrencies. Crypto currency is a popular investment plafrorm but only long term investment. Bitcoin and Ethereum, Binance coins the best investment coins in the cryptocurrencies Coinmarketcap.

Yes you said the right difference between Cryptos and FIAT.
Crypto trading can be considered similar as Stock Market trading but here you can control your decision and funds own way.
If you are also planning to invest on Gold rather than crytpos then i can say that go for only Cryptos.
Cryptos soon will overcome all the asset market in the near future and will stand with great heights.
So yes you can conclude that crypto is a good investment.

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Quote from: Pamadar on July 01, 2021, 12:41:53 PM

Quote from: maydna on July 01, 2021, 07:51:22 AM

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

Lots of us who experienced good gained from this venture will attest that this venue really bring us great benefits,

People who managed to make something good out from this market as even volatility give us opportunities to earned decently,

If you focus and you really aiming to succeed from this industry, cryptocurrency is a good venue to invest your money, just have
to tie your time finding all the right information to make a good call placing your investment.

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.

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Quote from: justdimin on July 01, 2021, 12:31:02 PM

Quote from: Yamifoud on June 30, 2021, 08:56:20 AM

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. 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.

I would say doge is the least worthy of a good long term investment, it skyrocketed all due to meme status it had with people and Elon Musk pumping it, nothing more. We need it to go more and more higher to keep everyone satisfied and it can't do that, it was already at the top for a while around 4th rank or so and that was it, you can't expect it to go beyond bitcoin or something, which is why doge already saw its peak and not going to see that again.

Others, the btc, eth, bnb type of high level ones are fine, those are things that we can all agree to say it is great, and I do not think that people would argue against that, it made us all money and they are all very good coins that has a very good reason to be high, not just joking or memes but actual use case where people need to keep buying to make it go up. That is why they are at the top, and very good investment for long term.

I also see the same thing with DOGE, Elon musk and his followers are the only ones making DOGE pump but recently we can see that Elon's tweets aren't much effective as before. Maybe due to the losses of other people's last crash that makes his old followers doubt about his manipulation. Doge isn't really the best for the long term, there are many good mainstream tokens to choose from so why would people go to DOGE for long-term investment. BTC is always the go-to in investment and long-term hold but if we talk about alternatives, ETH, BNB, and other fundamentally strong token are pretty good to hold.

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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.

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Quote from: maydna on July 01, 2021, 07:51:22 AM

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

Lots of us who experienced good gained from this venture will attest that this venue really bring us great benefits,

People who managed to make something good out from this market as even volatility give us opportunities to earned decently,

If you focus and you really aiming to succeed from this industry, cryptocurrency is a good venue to invest your money, just have
to tie your time finding all the right information to make a good call placing your investment.

justdimin

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Quote from: Yamifoud on June 30, 2021, 08:56:20 AM

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. 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.

I would say doge is the least worthy of a good long term investment, it skyrocketed all due to meme status it had with people and Elon Musk pumping it, nothing more. We need it to go more and more higher to keep everyone satisfied and it can't do that, it was already at the top for a while around 4th rank or so and that was it, you can't expect it to go beyond bitcoin or something, which is why doge already saw its peak and not going to see that again.

Others, the btc, eth, bnb type of high level ones are fine, those are things that we can all agree to say it is great, and I do not think that people would argue against that, it made us all money and they are all very good coins that has a very good reason to be high, not just joking or memes but actual use case where people need to keep buying to make it go up. That is why they are at the top, and very good investment for long term.

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Quote from: Obito on July 01, 2021, 07:33:47 AM

If you are on the long-term side of investment and you believe in the potential that bitcoin is going to go up in prices in the future then probably you can consider it as a good investment because of it's high volatility, you can get in the market at a cheap this day and then get some profit the next day or the other or not depending on how long you are going to wait for the prices to really go back up. But that volatility is something that you should watch out for too because if you aren't careful, it can wipe out your savings.

For more than a decade of its market existence, I think it was clear enough for us to tell our self that crypto investment is worthy. Perhaps, many people had changed their life status to a better one and improve their living. But because of the massive growth of crypto, some people had taken the advantage to scam people and a reason why many had to change their minds and even think that crypto is a market of scams.

Very disappointing that there are people wanted to ruin the image of crypto and make fun of it. That is why investing in crypto is very risky and sometimes we face the consequences of losing if we are not careful in choosing coins to buy.

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Quote from: Yamifoud on June 30, 2021, 08:56:20 AM

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.

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From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

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If you are on the long-term side of investment and you believe in the potential that bitcoin is going to go up in prices in the future then probably you can consider it as a good investment because of it's high volatility, you can get in the market at a cheap this day and then get some profit the next day or the other or not depending on how long you are going to wait for the prices to really go back up. But that volatility is something that you should watch out for too because if you aren't careful, it can wipe out your savings.

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