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Topic: Is Cryptocurrency a Good Investment? - page 5. (Read 1053 times)

hero member
Activity: 2982
Merit: 610
June 27, 2021, 08:47:47 AM
#50
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.
full member
Activity: 2128
Merit: 180
June 26, 2021, 05:55:00 PM
#49
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
There’s a lot of crypto investors coming from India and it’s a good time to buy right now especially your country experiencing a big problem facing this pandemic. You might see your fist money in in term of it’s value because of the inflation and investing it on cryptocurrency is a good move. That popular coins are the best in the market, you just have know how to deal with some projects because there’s so many scam projects right now.
hero member
Activity: 3010
Merit: 666
June 26, 2021, 05:50:36 PM
#48
I wanted to say that cryptocurrency is a good investment but be aware also that not all coins are worth an investment. Just to tell you that the market is so tricky, having the wrong choice of coins will simply cost you a lot. Honestly, many people had fallen into the wrong invested coins, that is will be going to happen when we don't have knowledge about crypto and also when we are not sure of what we doing.

Many had come and ended up nothing but just failure, it possible to happen to you that is why you need not rush in here but to do some search first before having an entry in the crypto market.
hero member
Activity: 2954
Merit: 672
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June 26, 2021, 03:01:06 AM
#47
It looks like OP still doubts about Bitcoin...I'm not saying it a good and profitable investment because that went matters in how you manage your investment and I'm not sure if it works with you knowing that cryptocurrencies are moving in sideways. If you can adapt and adjust yourselves the way it works, might say that it was a good investment for you.

I may conclude that I was having a good experience in the crypto investment and give me decent returns but I can't assure you that you might have the same experience as me. May be you have to try and see what is the result.
hero member
Activity: 1988
Merit: 593
June 26, 2021, 02:48:01 AM
#46
member
Activity: 1120
Merit: 68
June 26, 2021, 02:44:18 AM
#45
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.
Those things that you are saying can only be achieved if the person tries to trade because that's how you gain experience and knowledge, by doing it but besides doing it, you also need to read the important things because it's not enough that you have experience if you have a little knowledge. Crypto is a good investment if you are dedicated to becoming good at it.
hero member
Activity: 868
Merit: 504
June 26, 2021, 01:04:05 AM
#44
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.
legendary
Activity: 2408
Merit: 4282
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June 26, 2021, 12:02:13 AM
#43
Many who invested on cryptocurrency made a huge profit, I am not saying, just buying top cryptocurrency listed on CMC will definitely make you rich,

Just because the memes coins are giving profits few weeks ago doesn't make then good investment choices as you could lose all your investment capital when the trend loses it hyped. Same way cryptocurrency aren't good investment just because others are profiting. You should also do your own personal research and not just blindly follow what others are doing.

Cryptocurency are good investment because they're the future of the finance system. The world is going digital, soon the paper money will be a thing of the past just as we have other inferior things get overthrown by more superior ones like the mailing system or shopping system, that of currency won't be any different and this isn't the first time such turn out of event will be happening.
member
Activity: 868
Merit: 63
June 25, 2021, 11:50:12 PM
#42
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Even so investing in cryptocurrency is not as easy as one might think,
besides that the risk of investing in cryptocurrency of course very large so if we are not mentally strong I do not recommend investing here,
actually people whose lives are better because investing in cryptocurrency of course it takes hard work and obviously we can't get it quickly
I think that that trait is already given or should be natural to the person when they want to invest into something because being mentally strong is a tacit requirement for investing. It's not just hard work but also being smart on how to do your work is going to help you get a better financial stability much faster.
sr. member
Activity: 1204
Merit: 272
1xbit.com
June 25, 2021, 11:42:22 PM
#41
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

Indian Government till now hasn’t legalised Cryptos.
This is the main reason why many Indians aren’t aware of what are cryptocurrencies.
I would say if you are investing in stock market then better to invest on cryptos.
The reason i am saying this as cryptos and Stock market, both have almost similar algorithms.
And guess what cryptos can give more profit than forex trading.
And to the OP’s crypto list i can suggest the addition of Litecoin.
sr. member
Activity: 1330
Merit: 326
June 25, 2021, 07:18:43 PM
#40
Choosing good and potential coins like what you have chosen is one of the many reasons why crypto investments considered good. And good management with your picked coins should integrate, too. As long as you are in a profit, whether those on top CMC coins or not, profit is more important than being deficit.

Honestly, ive been investing cryptocurrency many years now and I can say that it entirely changed my life.
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 25, 2021, 01:37:54 PM
#39
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.
sr. member
Activity: 2002
Merit: 250
June 25, 2021, 12:15:57 PM
#38
To answer your question, yes cryptocurrency is a good investment, remember that a lot of people have their lives turned upside down for the better and a few for the worse because of investing in cryptocurrency. Plus, you don't need a lot to invest in cryptocurrency, just put some kittle by little and wait for the prices to go up and then reap the benefits.
Even so investing in cryptocurrency is not as easy as one might think,
besides that the risk of investing in cryptocurrency of course very large so if we are not mentally strong I do not recommend investing here,
actually people whose lives are better because investing in cryptocurrency of course it takes hard work and obviously we can't get it quickly
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
June 25, 2021, 11:38:02 AM
#37
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
That depends on what you mean, bitcoin has proven to be a great investment since the beginning so the answer is a clear yes as I think that any one that buys now will obtain great profits during this year, there are other good coins like ethereum and the like, however there are some awful investments, one of them is XRP, the coin despite the incredible bull market we have went through was not even close to reach its ATH and there is a pending case against it, tether is also not a good investment since you are basically holding dollars with the added risk the company behind it could disappear.
hero member
Activity: 2170
Merit: 530
June 25, 2021, 08:57:27 AM
#36
Cryptocurrency is one of the biggest investments at the present time. The growing number of investors gives you the proof that this is a good investment but behind those opportunities, the risk is there. All investment corresponds to risk but crypto is riskier than the other due to its volatility feature. I don't want to believe in me and consider that I was an influencer as it was you to think it if I am telling the truth or not. Of course, you need to do a search in order for you to know more about crypto and to finally make a decision.

There's no doubt about it mate i mean investing in cryptocurrency now is the most in and in trend. Now almost everyone are preferring to invest in their favorite coin also lets add the fact that the growing number of investors of crypto are exponentially going up and not just that those investors that being attracted to invest in cryptocurrency are one of the one of the richest in the world and other well-known personality in business world.
sr. member
Activity: 882
Merit: 253
June 25, 2021, 08:27:27 AM
#35
We've seen visible proof from long term traders and investors that investing in Cryptocurrency is really profitable. People who have invested in it could prove it since they already experienced gaining a good profit out of it. However, we couldn't disregard its risks since it's too different from other investments because of its volatility. Cryptocurrency is actually multifunctional and it provides lots of opportunities.
If I have strong hands not able to sell my tokens and just hold them since 2017, I gained a lot of profit right now. I used to have some tokens that have big value right now. Tokens that I didn't imagine that it will become a huge project right now. Cryptocurrency is really a good investment, as you can see right now even rich people and companies all over the world, see the great value & potential of cryptocurrency. If long-term investment, it really worth it. You cannot denied the fact that it also help a lot of people from being poor and now they already have a good status in life. It's a huge opportunity for us to know this technology. Start to invest in NFT related projects, they are the next big thing in crypto space.
jr. member
Activity: 46
Merit: 1
June 25, 2021, 08:10:47 AM
#34
Of course, it is but only if you understand it well. The crypto investments can get riskier with time. So, you better learn and enhance your understanding of the market to take advantage of the market movements.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
June 25, 2021, 07:38:10 AM
#33
I pick Bitcoin, Ethereum, and Cardano in your list. I am sorry about Dogecoin and XRP but those are not in my lists of good investment.
Dogecoin was just hyped by Elon Musk and there is no project to back it up. So, in the long run you might end up just losing everything.
Not preferred for holding. Same goes with XRP, hyped because of their SEC issues about securities.
BTC had all the reason to be kept, I mean just look at the market today, everytime BTC moves every known altcoins is being dragged by it.
full member
Activity: 476
Merit: 101
June 25, 2021, 07:35:54 AM
#32
Many who invested on cryptocurrency made a huge profit, I am not saying, just buying top cryptocurrency listed on CMC will definitely make you rich,

You also need to invest in learning, for the past few years, I have seen, there's a lot who make a good fortune with these.

And besides, most of the cryptocurrencies, you have mentioned are good choice.
full member
Activity: 1140
Merit: 103
Buzz App - Spin wheel, farm rewards
June 25, 2021, 06:05:50 AM
#31
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
I think crypto is a good investment but sometimes profit depends on the coins that you choose. If you pick a right coin you will earn a profit depending on how you handle the buy and selling process. The coin that you mention is a good coin and it is already well known to crypto investors so i think that's a good coin to invest.
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