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Topic: Is Cryptocurrency a Good Investment? - page 4. (Read 1053 times)

hero member
Activity: 3052
Merit: 651
July 01, 2021, 06:34:25 AM
#70
It's the best option if you can risk some money in your stash.
Rather than letting it rot without movement of profits or loss (that's part of it) it's better to put it to something that might give you a chance to make passive money.
Speculations are high that Bitcoin can still reach numbers that we won't really expect to happen. i.e. $100k up
Make your research first, then pick some of those coins that you can manage to buy, I suggest Bitcoin first.
full member
Activity: 1050
Merit: 109
1xBit.. recovered their reputation
July 01, 2021, 04:58:28 AM
#69
If given a question like this of course the answer is "YES"
Cryptocurrencies are getting more and more popular day by day, this is what makes the price of crypto assets like Bitcoin go up

Cryptocurrency will not be left behind by people who already feel profit from it
so there is nothing to worry about when investing in cryptocurrencies, you only have to choose promising crypto assets
hero member
Activity: 2828
Merit: 518
June 30, 2021, 08:56:20 AM
#68
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

Almost the majority of the coins you stated at the above are all good actually for the long term.
Except for the Dogecoin, because this coins so far move only through Elon Musk, the one who manipulated
the price in the market volume in the exchange site platform. But of course, be careful still if you choose other
altcoins here in this field of business industry.
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.
sr. member
Activity: 1190
Merit: 253
June 30, 2021, 07:35:57 AM
#67
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

Almost the majority of the coins you stated at the above are all good actually for the long term.
Except for the Dogecoin, because this coins so far move only through Elon Musk, the one who manipulated
the price in the market volume in the exchange site platform. But of course, be careful still if you choose other
altcoins here in this field of business industry.
sr. member
Activity: 1050
Merit: 250
June 29, 2021, 04:37:10 PM
#66
why cryptocurrency could be good investment portofolio , especially bitcoin ? i have my personal reason to describe it, bitcoin have limited supply that is oonly 21 million, meanwhile fiat have infinity suppy. Government could print it anytime , moreover in pandemic situation they will print more and more money to give stimulus for driving economy . And also using cryptocurrency it could applied in any field due bockchain technology which is give high efficiency. SImple example if ,how much fee needed if we make millions or billions money tranfer using bitcoin? it will need only around dollars. but when using banking system , it will spend more than thousand dollar.s
uninfinite supply be main reason why we should have bitcoin as investment portofolio. it really destroy finance system which has been running for  years. Printing money by any government in the world shows how could be very rare bitcoin asset if used to millions citizen in world. tranfer fee very small even its used to send billions dollar. bitcoin really suitable used as global finance system and global trade, every single tranfer will done only in few minutes.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 29, 2021, 02:31:17 PM
#65
It is always good to choose cryptocurrency as your investment, there are already a lot of big stock investors who are now investing in cryptocurrency because they know now the potential of cryptocurrency especially bitcoin for investing in the long run. There are so many opportunities in cryptocurrency so always explore it and try to invest some in a good coins, it would be better if you research first before you invest in a coin.
As the crypto market continues to grow, the more it gains more potential in terms of profit gains. The stock market is still there but many had diverted their investment into crypto as these investors feel that they can make huge money here compared to the stock market. However, if we think and consider the risk here, no doubt it is riskier than the others, and losing possible is too high. But, if we know how to take care of our investment, we can minimize the chances of losing.
Losing a few trades is fine the problem is that a great deal of those that come to this market try to make a fortune quickly and this means that they take such a high risks that a single loss can be devastating to their capital, and then when the inevitable happens instead of understanding they made a mistake they try again their strategy thinking they were just unlucky, and when they suffer another loss that is when it becomes impossible for them to ever recover their capital despite the huge growth this market can experience.
hero member
Activity: 2408
Merit: 584
June 29, 2021, 02:21:19 PM
#64
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Why not? Cryptocurrency is a really good investment for sure. So anyone who is investing in them is going to benefit from it. The cryptocurrencies you have mentioned are really good, but I am not fully sure about that Dogecoin that is there, although it was bullish, but it is clear that was triggered by price manipulation.

So, you might have to avoid coins that can easily be manipulated and invest in the good ones that can be more stable. Tether is a stable coin, but you can still useit, some people use it as a savings and also to save their money when the market is bearish. Tether is a big coin and is very stable, another one is DAI. I like Cardano and I am investing in it also, and Bitcoin is always the first thing you get to know about and a truly decentralized cryptocurrency.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
June 29, 2021, 02:28:04 AM
#63
Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

Not any coin buddy, some coins there have their season and if you're not active in the market, you might get dumped on and a typical example is dogecoin. If you have been following the market, at some point is almost reached 1 dollar as it was trading around the 70 plus cent price but currently it has lost most of its value and now trading below the 30cent price.

Pumping and dumping of coins are a common practice in this industry so you choosing a coin to invest in has to be a very due diligence process because of you picked th wrong project to invest basing n, you might lose all your investment capital.

Going for the top coins isn't a solution either as they mightn't stay at the top forever, if you flash back to years ago, most coins on the top 20 list based on market capitalization aren't there anymore as more superior or hyped projects has replaced them and so it'll be in the next 5-10years, Invest wisely.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
June 29, 2021, 02:08:10 AM
#62
why cryptocurrency could be good investment portofolio , especially bitcoin ? i have my personal reason to describe it, bitcoin have limited supply that is oonly 21 million, meanwhile fiat have infinity suppy. Government could print it anytime , moreover in pandemic situation they will print more and more money to give stimulus for driving economy . And also using cryptocurrency it could applied in any field due bockchain technology which is give high efficiency. SImple example if ,how much fee needed if we make millions or billions money tranfer using bitcoin? it will need only around dollars. but when using banking system , it will spend more than thousand dollar.s
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
June 28, 2021, 08:47:15 PM
#61
Diversification makes sense in the case you are already happy with your wealth, after all the purpose of diversifying your assets is to protect your capital, however I hope people consider real diversification, many people in this market think of diversification as having several altcoins but still keep 100% of their capital in the market of cryptocurrencies.
Well that's true but if you check that cryptocurrencies sometimes have different reactions and responses within the market. Some don't follow the Bitcoin trend and I think it can be considered as diversification already. Technically, it's all in the crypto market but as long as it's a different coin within, I think it's okay unless you are talking about a different asset class.

Real diversification means been part of several different markets like precious metals, stocks, bonds, art and any other market you may like to form part of, however if we have not reached that stage then it could be a good idea to instead do the opposite which is to concentrate our capital in a single market and there is no better market for that than this one as the profits are on average higher than in any other market.
This choice would depend if you are really passionate about one asset class and believe you can profit from it or not but ideally, it's still better to have multiple investments instead of one.
sr. member
Activity: 993
Merit: 250
Moonbet.io
June 28, 2021, 05:06:46 PM
#60
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.
member
Activity: 282
Merit: 11
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
June 28, 2021, 04:58:51 PM
#59
Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

Good for those who are not just a risk taker but also have a knowledge and passion of learning on how to invest and make a profit in investing in cryptocurrency. Investing in cryptocurrency is a continuous learning but to be able to engage first you must see to it that you have already done in researching or studying how the market goes a basic knowledge may be enough at first but in the long run you will get to know more about it. For me investing in cryptocurrency is always good but you only need to prepare yourself for any possible loses.
Yes, I agree, investing in crypto currency is like your taking risk on waiting for some high market prices everytime. It is good to a risk takers especially to those who have knowledge on this type of investment. When you invest in crypto currency, you must need to research or study those crypto coins who gives more profit and how it processes during downfall.  Investing in crypto currency is a continous learning since you must need to know more about it especially when it experiences downfall for a long period of time. For me, investing in crypto currency is good, but you must always expect losses since market prices are not always the same or stable. You need to have patience when you want to invest in crypto currency and have more knowledge on it.
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 28, 2021, 04:24:06 PM
#58
Some of the popular altcoins can also be seen on Coinmarketcap's 10-20 rankings. Apart from some of the coins mentioned by the OP, BNB is also the best altcoin to date, because BNB is a coin developed by Binance Exchange.
there are still many potentially good altcoins. Doing research in advance is necessary to choose what coins will trend well in the future.
hero member
Activity: 2828
Merit: 611
June 28, 2021, 02:28:03 PM
#57
Success will come to those who have sound judgment and patience. There are various methods required for profitable trading, but only educated and experienced traders get it. Cryptocurrency are obviously good investment but not to those give up after a few losing trades. If you think you perform your up to the mark then release, if not stay calm and always motivated.
Even the most newbie (in the crypto market) people can earn from Bitcoin if they are investors rather than traders. I don't think everyone can earn if they trade bitcoins but I am 100% sure everyone can earn if they invest and don't trade. Basically, buying BTC and holding it for long enough such that you get higher value for your coins. It may take more time than expected but it is one of the simplest yet most effective techniques in the market right now.

Crypto is a great investment but I cannot say the same for traders because the market is hell unpredictable and unless you have the patience and financial freedom to hold for months and maybe years, you cannot really guarantee profits.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
June 28, 2021, 02:00:35 PM
#56
It will always be good to spread out and increase your investment diversification with different assets like cryptocurrency, especially if you don't have that yet. It's a great deal to have crypto, but first, you should not expect to profit early and invest a significant amount in crypto if you are not willing to lose it. Many people have been burned towards that, and it's sad to see them hate BTC or crypto in general because they didn't do the right thing to research.

The coins you mentioned are in the top currency in CMC. I think those are great picks as well.
Diversification makes sense in the case you are already happy with your wealth, after all the purpose of diversifying your assets is to protect your capital, however I hope people consider real diversification, many people in this market think of diversification as having several altcoins but still keep 100% of their capital in the market of cryptocurrencies.

Real diversification means been part of several different markets like precious metals, stocks, bonds, art and any other market you may like to form part of, however if we have not reached that stage then it could be a good idea to instead do the opposite which is to concentrate our capital in a single market and there is no better market for that than this one as the profits are on average higher than in any other market.
hero member
Activity: 2170
Merit: 530
June 28, 2021, 10:08:53 AM
#55
Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

Good for those who are not just a risk taker but also have a knowledge and passion of learning on how to invest and make a profit in investing in cryptocurrency. Investing in cryptocurrency is a continuous learning but to be able to engage first you must see to it that you have already done in researching or studying how the market goes a basic knowledge may be enough at first but in the long run you will get to know more about it. For me investing in cryptocurrency is always good but you only need to prepare yourself for any possible loses.
sr. member
Activity: 2506
Merit: 368
June 27, 2021, 02:42:07 PM
#54
Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.
Everything has its own risk it's only up to you on how you will minimize the risk to handle the situation. In terms of trading we have a diversification and technical analysis, with the use of it you will be able to gain a good profit in return if you know what you are doing.

OP, just need to know what crypto he has been investing or do some research before investing into something. It's not that the hype makes it popular you so also follow what other's been doing. You should learn to do your own research first then invest carefully and always minimize the risk especially with crypto market who's always in a high volatility movements.
legendary
Activity: 2884
Merit: 1117
June 27, 2021, 02:11:20 PM
#53
Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.
You sound like you are looking for quick profits but for the case of this year (a strong bullish year) you might be able to attain what you are looking for, but after this year you might need to wait at least 2 to 3 years to get profits for your investments even with any of reputed coin. Because bitcoin is having four-years cycle and out of them only one year is having bullish trend and all others might be having bearish and sideways markets. So, you cannot expect all the times to get good profits in next few months itself.

Only when you are ready to hold and wait, you should go for investing with crypto currencies. Already cryptocurrency is known for its risk involved but still people are recommending it because it is always profitable in long run. So, profits in next few months may not be the case on all the times in crypto space.
hero member
Activity: 3080
Merit: 603
June 27, 2021, 12:15:15 PM
#52
Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it.
And it will become higher if you invest in unknown coins and those that are newly made meme coins. This technique has become popular because there were those people that have made a lot of money from it. But I don't think that it's still a good strategy yet there are those that still follow what has happened in the past with those successful investors who bought those types of coins.

Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.
Buy bitcoin and you'll for sure have that.
hero member
Activity: 1484
Merit: 928
June 27, 2021, 10:58:40 AM
#51
Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.
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