Topic: Is Cryptocurrency a Good Investment? - page 6. (Read 1048 times)
If you've a shock absorber (so to say) to withstand shock of loss (that will surely come with time), then you're good to go with the risk of investing in cryptocurrency. I had to put it that way, not to scare anyone but, because of the volatility and uncertainty that come with the industry. To be on the safe side, a lot of investors like going into Bitcoin, ETH, BNB and the top listed tokens. It doesn't mean that the lesser tokens aren't safe too. In fact, the lesser tokens are known to even give more ROI than the top listed ones only that top ones are believed to be more reliable not to exit as scam. However, just DYOR before casting your cash on any.
I think someone just needs clarification if cryptocurrency is a profitable investment or not. People who have been in this community for many years (especially for the pioners) they can justify how it changes their life. They can't be millionaires but for sure they are improving their lives because of this.
Well, I don't brag at people and think like that because not all have come in this investment able to survive and make good money, many of them are also quitting due to unfavorable results. So, even though I said it was a good investment but couldn't make sure that it works for you then since it matter on the way we manage our investment and most probably, we are not the same.
Well, I don't brag at people and think like that because not all have come in this investment able to survive and make good money, many of them are also quitting due to unfavorable results. So, even though I said it was a good investment but couldn't make sure that it works for you then since it matter on the way we manage our investment and most probably, we are not the same.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
this dont needs to be asked . crypto is a good investment but only if you will chose the best cryptos . your list consist of top cryptos but still of them is being called as a shitcoin .you know the coins like xrp , doge and maybe eth ? theres some hate in tether but for me this is helpful , you will be needing this in this volatile world of cryptos . for cardano , this coin is getting noticed .
As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places.
(....)
In this case, we should aware of some of the scenarios or events on entering an investment in crypto, like the time of investment, when he/she will start putting his/her money on crypto. Because there is always a huge possibility that he may lose his/her investment because of suddenly drop of the price.(....)
So for me, cryptocurrency is a good investment once you will know how crypto works, what are the risks and positives of investing in cryptocurrency, so you will understand how your investment will go, in good or bad.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Quote
Is Cryptocurrency a Good Investment?
Without mentioning any project, the industry has proven to be the best investment in the last decade with majority of the project been very successful that if you have have invested some few hundred dollars by now you probably would had been thousands in profits.
You have to be very cautious though when choosing the project to invest in as blinding following a project merely because it's been hyped is a wrong way to invest that most likely will end you up in losses. Choose project that have very strong fundamentals and community.
Not all top projects today will be in their positions in years to come but only very few will still retain their positions which some are Bitcoin and ethereum. Irrespective of what you buy try to make sure you have these coins in your portfolio and then other projects you must have researched on.
If you truly know about crypto, yeah this is a very legit and promising investment both for the short term and also long term. However, if it is only following other people and you don't really know about it, it may be bad for you. high risks, and also panic situation.
Crypto is not something easy and not the thing that will lead you to be rich very easily at this moment moreover during this crash market.
HIgh risks.
however,r if you are really going to learn at first and decide to be ready with the risks, I am sure that you can start with the top coins as you said. And be sure that you don't only follow the hype.
Crypto is not something easy and not the thing that will lead you to be rich very easily at this moment moreover during this crash market.
HIgh risks.
however,r if you are really going to learn at first and decide to be ready with the risks, I am sure that you can start with the top coins as you said. And be sure that you don't only follow the hype.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places.
But it still won't be a bad idea to diversify ones investments, as we all the one of the financial rules states that we should never put all our eggs in one basket, so from this, I believe that it's wise that as one is investing in crypto currencies, he or she should also try to invest in other financial sectors too like forex, stocks, real estates and so on, as my people normally say, one does not chase masquerade while starting in one spot.
But it still won't be a bad idea to diversify ones investments, as we all the one of the financial rules states that we should never put all our eggs in one basket, so from this, I believe that it's wise that as one is investing in crypto currencies, he or she should also try to invest in other financial sectors too like forex, stocks, real estates and so on, as my people normally say, one does not chase masquerade while starting in one spot.
For me, Yes! Many people get rich by investing in cryptocurrency and now even the millionaires and billionaires have invested in crypto which is the proof that investing in crypto is really good and profitable if you have knowledge about it.
But I wouldn't have that introduction to anyone who's wanting to invest in cryptocurrencies. He/she might believe that he can be a millionaire someday by just doing nothing. That's the mindset of what I've encountered in the past. I'm very optimistic with those talks that I did in real life and dealt with my friends and they seem to be disappointed when the market starts to correct just as what's happening today. I guess it's not enough to say that there really were those people that became rich through cryptocurrencies but let's also say that they took a big risk from reaching that point and it's not just all about being rich quickly.
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.
Of course it is. that's why a bunch of people always going crazy when market drops because it's a good opportunity to make good profits wherein even it's short term or long term. But remember it depends on what crypto currency where do you want to make investment, and also don't just rely on what's others thoughs and positive news about some projects out there, wherein always make research because that's the most important to determine if the coin is good or not.
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.
as a crypto user I would say that investing in cryptocurrency is a good, safe place to invest, and of course that is based on our observations of what crypto will be the investment target. and the best way to invest is in Bitcoin.
but I can't be selfish just because I love crypto, maybe Stock lovers don't agree with my statement. so back to your interests and interests. be it in crypto or in stocks, gold etc.
the most important thing is that you have done your research before making an investment decision.
do not use FOMO as your benchmark for investing, but on the basis of your conscience in determining future financial benefits.
but I can't be selfish just because I love crypto, maybe Stock lovers don't agree with my statement. so back to your interests and interests. be it in crypto or in stocks, gold etc.
the most important thing is that you have done your research before making an investment decision.
do not use FOMO as your benchmark for investing, but on the basis of your conscience in determining future financial benefits.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Yes, cryptocurrency is a good investment. People who are already involved in crypto for a long time ago will agree that they will search for more opportunities to invest in bitcoin, ethereum, bnb and many more. Bitcoin will be the main investment for the as bitcoin can give them a big profit in the future. If beginners want to invest in crypto, they should learn that crypto has fluctuating prices, so they need to learn about controlling themselves to see the price will always change. Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Cryptocurrency is not only a good investment but also a good currency...
I don't know how things are in India but in my country, since cryptocurrencies have become increasingly popular since the beginning of this year, the government in my country seems to be afraid of the development of cryptocurrencies.
if you are new to crypto and want to start investing then don't randomly choose tokens, choose those in the top 100 so that your investment is safe.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Cryptocurrencies have proven over the past few years that they can bring excellent returns to their investors, however, you must consider the risks and be able to wait. Of course, investing in cryptocurrencies is worth it, but you need to do this when prices for cryptocurrencies have decreased, and then your chance to make money will be very high. It is also very important not to be greedy, and if you have already earned, then you need to fix the profit or at least return your invested funds. These are the standard investment rules and you need to know and follow them.
For me investing cryptocurrency nowadays is really really good.just think that like a money that you put in the bank and will increase someday...that's what I thought.although not all currency should be to invest.just think about it first.know what currencies now you think will be known and be used someday.for me choose those crypto that been known already and has potential to boom. For me like bitcoin,eth and xrp, this three are the best to invest.
It is always good if you know how to manage capital and have experience in today's market, invest in projects with a good foundation and more developed future.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
If there is no problem in your country in doing this, then help yourself to start buying cryptocurrency while prices are still in cheap. This is a great opportunity for anyone who can really afford to take a risk. But first, you will need to ask yourself then if you are ready enough because this is risky and you might lose everything you started if you were not able to manage it carefully. A lot of people make a good money in here but many were also lose their money.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
When we do tend to look on whats the current trend here on cryptocurrency investment then we could really say that its a considerable investment to be made but doesnt mean that you wont be considering other forms of traditional investment.The thing that what makes crypto popular is the volatility that it does have which means huge or big swings involved could give out big profits but of course
it would be giving out the same risk.
So always do your own research and dont rush up yourself into investing and dont make out blind actions which might really cause up losing investment.
And if he is very new to this market, better stick to top alts like btc or eth up until he knows more about crypto. Some people are attracted in crypto just because of the hype like in doge. But they don't know yet, what drives the price in the market. And they need to learn more about this before spending their hard-earned money. It can be a good investment if you know what you are doing, but if not, you can lose your money in an instant. So for the OP, if you have time, just roam around this forum to get an idea what's going on in crypto.
Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.
Can you give the source of these data?But if you are asking this:
Is Cryptocurrency a Good Investment?
There will be two answers:- YES:
If you know what you invest in, you are ready with the risks on investment, your investment choices really reputable and promising for the future in a certain period, you invest based on what you can afford to lose, and you have a good strategy on investing, it will be a good investment.
- NO: If you are only following others without your own research, investing with loan money or money that you cannot afford to lose, it will be a very risky investment and probably will make you stressful moreover if the price drops and not like what you are expecting.
Jump to: