Topic: Is investing in crypto a good idea? - page 19. (Read 10633 times)

As a beginner, you better learn about the crypto market movements. When looking at market conditions now it is very difficult to predict. Altcoins have decreased and are very slow in responding to Bitcoin price increases. But with the current conditions, you can invest in a coin that already has a large volume. As Bitcoin and Ethereum will be a pretty good investment place.

It still is but I would only agree if you have prior knowledge about cryptocurrencies and blockchain itself. This new financial system is not built to be an investment scheme but rather a solution to the problem, which if you could understand could put some value on it. With knowledge I mean those basic things like security, trading platforms and those fees, you also better choose your platform when entering crypto coz you might end up losing huge bucks for obvious high fees.

Have to think about it and look around and lessen what people could say about crypto.
Many would say YES and someone will say NO. It is a big help to decide our own and formulate ideas that could support why it is worthy for our investment or not. The readiness and willingness to take the risk will boost you up as high-risk takers make more money than those who are low-risk takers. Try to examine our self if we are ready into these.

Yes, and no.
If you invest in the right projects, it can be extremely lucrative, but you need to stay cautious of all the shit tokens, and scams out there with nothing going for it.

You can play it safe, by investing in BTC and ETH, but the real gains that are gonna be life changing is still in the low marketcap projects, which could potenially reach 100x again.
Finding these projects is tricky though, you need to look for projects with active development, but not only that, what they develop needs to be accounted for as well. There are a lot of small niche projects, with next to no real world demand, yet people jump on them hoping for a quick profit.

One of the most legit projects, that actually enhances BTC and LTC users the most is Stakenet (XSN). With all the recent regulation rules, KYC, and limits on peoples accounts, not to speak of exchange hackings, and frozen assets.

Decentralized exchange trading is what everyone wants, but the current DEX solutions is not really feasibly for that, since they use atomic swaps to make the trades. These swaps takes several minutes to process, and frankly, nobody wants to wait for that, especially if you're a day trader.
Stakenet has a solution that makes the Lightning Network decentralized with the help from 2000+ masternodes in their network running it.

This makes it possible to run a decentralized DEX with NO KYC, NO registration, NO syncing time with the network. Near instant transactions, with very low fees.

And this is just ONE of many dApps to run on their eco system of masternodes btw.

Since you are a novice trader, before you start using cryptocurrency and investing in it, You need to know all the positive and negative sides that cryptocurrencies have.Ie the answer is obvious,to invest?-Yeah.But only before that to protect themselves with useful information.

The speculation will be better than investing in cryptocurrency.
Because businesses do not provide us with financial statements, so long-term investment will be a big risk for us.
speculate right now, you will still have a great profit if you choose the right time to buy and sell.

When I was beginning in the crypto world, had little doubts. But after trying to invest, I can make a profit. So I think that investment decisions in crypto are a good thing. But we must also be patient and continue to learn about the crypto world. You are not too late if you want to invest now. Many people think that Altcoin will definitely return successfully.

The most important part of the knowledge to really go for first is how to identify bad project from good ones, for me, I think if you are able to differentiate the two, then you will be able to successfully make a very good choice and then have  a benefiting investment. One of the thing that kills people’s money and discourage them is bad projects and scam projects.

It has sent a lot of people out of the crypto market, I use to imagine how much the total capital of cryptocurrency would have been right now if we didn’t have scammers in it, look at the amount of money that has been stolen out of the market, and also consider the amount of money that would have been put in by investors, maybe by now, most of those top altcoins would have even gone 5x today.

For some people who do not understand Cryptocurrency, then Cryptocurrency investment will be considered a folly.  But for investors who have been in the investment business for a long time, they must understand that investing in Crypto has very good potential. Instead of investing in Gold and Land, it's better to invest in Crypto. And you can invest in this Crypt anytime.

It's never too late to invest in crypto currencies, but you gotta invest wisely these days...

Bitcoin will NEVER go mainstream in it's current state. Why? Here's why:

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

I'm obviously biased, since I invested some of my portfolio in XSN, but I see huge potential in the project, since it's not a direct competitor to BTC, but rather enhances the overall user experience.

You can split if you have a good amount of money to invest, bitcoin should be the first priority and have the large portions of your assets, and then find good alts where you can put your money, split it up with top 10 projects inside CMC chances to find a good projects that will bring good outcome with
your invested money, crypto industry's still young and there's still a big picture to expect when adoptions occurred.

Investing always have a good future if you are willing to take the risk and make your time worthy while seeking for your best options.

Every day, crypto is always developing, so I think in this case, it's never too late. it's just that your words are right, you must be prepared for all the risks that can occur.

if you are new to this, you need to learn a lot about price analysis, as well as information on current crypto developments. For starters, try learning from news about prices, for example, you can read information from this cointelegraph

https://cointelegraph.com/news/price-analysis-19-08-btc-eth-xrp-bch-ltc-bnb-eos-bsv-xmr-xlm

This news was just posted 20 hours after I posted this, so this is good enough for learning.

Investing in crypto is a good idea and not late to invest as long you are ready to face the risks. Before investing gain knowledge about crypto as this will guide you about the market.

I think you should wait for a moment because the market seems to increase and if you try to buy it, I am afraid you will buy at a higher price. If you can be patient to wait for the price is down, then I think you can buy bitcoin at that time, and you will get bitcoin at a lower price. But that will be your decision, I only advise according to the market situations, and I don't want to see you buy bitcoin at a higher price.

You can buy right now if you don't mind to get bitcoin at a price now but try to buy with little money to see where the price wants to move so you can know what you need to do later.

If investing is a good idea, then everyone invests in crypto-currency. If you have a proper or accurate knowledge about crypto, then you should invest in crypto. Investing on right or perfect crypto is useful and profitable. You should buy crypto anytime, there is no time to fix buying crypto or It's too late.

investing now or waiting is your decision to see price movements, but in my opinion personally now is the right time
BTW Which coins will you choose for investment? bitcoin or altcoin?

for now crypto investments is the best opportunity if we comparing with other investments mate
because, if you can predict the right coin to invest, you can gain your money in short period time

People usually think crypto as a way to become rich instantly, make money easily. I supposed to believe that before but when I've been in here for a while, I realize that it will be wrong, no such thing happens in here. Yes, we can make money here but we need to work it hard, having the right decision and willingness to take the risk otherwise, we lost our funds in just a single click.

A good friend of mine said "the market is never too late"
This is a very risky activity that punishes those who are in a hurry. And it is important to remember that it is necessary to spend on investments no more than the amount that is not afraid to lose.

Yes it is a good idea, provided that a) you pick a good coin, and b) you put money in at the right time.
For 'a' I would say BTC or ETH to start with, and for 'b', well, this can be tricky. Just make sure you're not putting money in at what looks like a price peak.