Is investing in cryptocurrency a risky game? 🚨

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

But it got me thinking, is investing in cryptocurrency really a risky game?

If you say cryptocurrency, that means we are discussing Bitcoin and Altcoins, but these two things have different risks. If you put your money in Altcoins, there is a big possibility that you can lose money, especially if you put your money in meme coins that rely on speculation, it is much more risky. So consider putting your money in Bitcoin because it has a lower risk compared to Altcoins. You can accumulate or DCA as a starting investment in Bitcoin if you still need confidence in it, and then you can hold it in the long term to be able to secure profits with more certainty.

GIF-JOBS

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Indeed, cryptocurrency is a risky game. It's almost like gambling. Because it is full of high risk just like gambling aunt. Here we have to invest with high risk just like gambling. However, some coins have less risk, such as: Bitcoin, ETH, BNB, SOL, DOGE, also the top alt coins have less risk in long-term investment. But we must invest for long time to accept less risk. Because investing in them for a long period of time is less risky, and investing for a short period of time is full of risk.

MarjorieZimmermanGinger

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

Ask him whether we driving do not have risks and how we keep trusting to go anywhere with him. Then are There is a place that is not at risk for the issue of money now.

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

That means he is not a person who dares to get out of your comfort zone and I suggest you to stay and don't need to teach anything. Because people like this will ask for accountability when the investment they live in losses. My question is you ready for that?

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

Of course it has a level of risk and wherever you put money and of course the risk cannot be separated. But what must be understood how these risks can be minimized and when investment involves knowledge it will be a little easier to minimize. Bitcoin has a recurring cycle level so it does not become a problem even though there is a risk in it because you can see the recovery process.

Fraud has nothing to do with Bitcoin and it must be separated because those who do are individuals or groups. Therefore you need knowledge to verify so that you are not trapped by the fraud formula that people run.

michellee

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Investing in cryptocurrency have its risks but as long as you can learn how to manage the risks, you don't have to worry. Besides that, when you use your money to invests in something, you should know that only invest with the money you can afford. That is for prevents if something bad happens so you will not lose much money.

The risks of investing in cryptocurrency will always be there so we must have skill to prevents the risks becomes bigger. But the risks is worth with the return that you can gets so that is why many people still invest their money in cryptocurrency. They know how to manage the risks so they will still fine until now.

The big risks you may face is the volatility of the price and the chance to gets scam if you pick the wrong projects. You can avoids that by research before invests so you will knows about many things. When you invest in cryptocurrency, you must not use all of your money, even if the project offer a big return because the risks will still be there.

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By cryptocurrency we usually mean bitcoin, altcoins, Shit coin and various memcoins. When a member wants to invest in cryptocurrency he should keep in mind that crypto is volatile and involves risk. Invest according to what you can afford to lose.

However, investing in altcoins and meme coins is the most risky of cryptocurrencies, as investing in these coins is the most likely to lose money. Investing in Bitcoin is less risky than these coins but not risk free. Also the risk depends on you because if you invest in a coin, if the price of that coin goes down then you can be successful if you take the risk and wait long enough for the price to go up.

Russlenat

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Crypto investments are undeniably risky. Most especially if you are a beginner in the market, you will be more susceptible to mistakes and losses that will make you more motivated to to achieve success.

However, no one do investments without losses on one side, that's already given in any form of investment. But we can always minimize those risks and increase the chances of profitability potentials through embracing those risks and develop high risk tolerance. And by focusing on bitcoin rather than altcoins, we can therefore maximize the chance to stay in profits.

Ojima-ojo

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There is no too much a risk in investing in cryptocurrency like Bitcoin and the only time one could face any risk is when the price of the asset you hold moves against your predictions of it market value, and at such time a short terms investors will have to wait longer time before witnessing what they desired price could be before theyake any profits from they investment.

So the only risk faced is in the area of timing because when it comes to cryptocurrency investment having a specified time is near impossible.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

It is a risky game and she's right if that's what is in her mind. You can't remove that from her but you can change her mind later on after proving that it's not entirely the cryptocurrency market that she needs to get involved with. She can start by doing it safely through BTC, this is the blue-chip of cryptocurrencies that she's safe to invest. The risk is there due to volatility but if for long term, she needs to be patient and see the result of it.

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Based on my personal experience, the risk is worth it. If I hadn't taken that, I don't know what my life would be right now. And I'd say that I'm confident with how I invest now and I've brought this up as well to other investments that I'm interested with because it seems that investing in Bitcoin or crypto is the most volatile investment ever. I'll choose 100% to be in Bitcoin than with those intriguing and attractive ads of forex.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

Yeah there are risks involved in cryptocurrency but when you play your cards you should be able to minimize the risks involved so she’s right to get scared but then they say risk takers are the successful ones so when you don’t take risks and leave your comfort zone you won’t be able to achieve anything.

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

When you say cryptocurrency it comprises of Altcoins too and Altcoins are very risky and they are not so reliable but bitcoin carries lesser or no risk except trading bitcoin. Bitcoin is a well established asset and by mere holding you can earn profit without the fear of losing your money but the only thing is that your duration of holding will determine your profit. As a beginner i would advise you stay away from Altcoins unless you have some knowledge about them but that doesn’t guarantee anything still.

The entire crypto space is a risky place especially for beginners but if you safeguard yourself properly you will have nothing to worry about and become successful so risk is always worth taking if you want to succeed.

STINKYBEE

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Lesson learned: don't invest your hard earned money in things you don't understand, if it looks too good to be true it probably is😉

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Quote from: goaldigger on June 26, 2024, 04:32:17 PM

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Every investment have their own risk so if you will not do your own diligence, then you might fail.
To minimize the risk, you have to be prepared and be more knowledgeable about how the market works because investing is not just a buy and sell strategy, you have to be more strategic so you can have a better chance to make profit. Consider this market as your riskiest investment so you will have your 101% effort to learn and take this seriously.

And this is something that you should really that realize for yourself on which on the moment that you would really be tending to make out such investment then always consider the risks. There's no such thing about
risk free on this world and at the same time you would really be able to make money without having those possibilities of losing it on which this is something that do really happens in dreams.
This is why making those self awareness on how investment works is something that recommended so that on the moment that you would really be experiencing some loses then you wont really be that
making yourself that being that disappointed or would really be that getting too much stress on the time it happens. There are really people whose something like this when they do expect too much.

Crypto dealing is something that you would really be toughing up your emotions and mindset because dealing up with a volatile space is something that will make those emotions be played on
specially when prices is really that moving up and down on a very random manner.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Every investment have their own risk so if you will not do your own diligence, then you might fail.
To minimize the risk, you have to be prepared and be more knowledgeable about how the market works because investing is not just a buy and sell strategy, you have to be more strategic so you can have a better chance to make profit. Consider this market as your riskiest investment so you will have your 101% effort to learn and take this seriously.

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Quote from: uswa56 on June 26, 2024, 02:00:20 PM

Quote from: letteredhub on June 25, 2024, 03:45:00 PM

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

You making mention of cryptocurrency which encompasses both altcoins and bitcoin. Does your friend knows any difference between altcoins and bitcoin because a whole lot of people are so ignorant about this difference risking their money with shitcoins only to get dump or rug pulled and all you hear is that it's bitcoin that's because it's the most popular cryptocurrency in the world.

It's a risky game when you're investing in altcoins but a risky investment when investing in bitcoin. Bitcoin investment isn't a game.

For some beginners, of course they don't understand crypto well so they will just be afraid to start, but when they can take the time to learn about investing in crypto they will certainly be able to differentiate between Altcoins and Bitcoin and for those of them they choose to hold shitcoin assets of course. they have put their money into very risky assets and it would be better if they chose to hold Altcoins. You must really understand these assets well and don't do in-depth research on an asset that you will hold to make a profit. and choosing to be able to run both assets will certainly be better.

They don't understand because they have not giving time to understand it, cryptocurrency as a whole is not that hard to understand how's everything works and the difference that exists. Some intended newbie investors don't actually know how to take good advantage of the internet to do research at ease for themselves. There are many things we don't know that we can learn online through platforms like YouTube without having to spend much and it will save from ignorance.
Shitcoins aren't profitable to hold they are aren't reliable, but just fine for an immediate hit and run for traders.

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Quote from: Oshosondy on June 24, 2024, 03:47:58 AM

Cryptocurrencies means bitcoin and altcoins. Altcoins investment is very risky. It is not good to invest in bitcoin when the price is already high. You may need to wait. So investing on speculative asset should be done at the right time when the market has been very bearish for a long time. Bitcoin will get to all-time-high unlike altcoins that might not. It makes it less risky.

Hack will not be the reason I will not invest because if you avoid hack, coins are safe. Read and learn how to avoid hacks.

It is worth investing but do it at the right time.

There are things people are still mixing up here between bitcoin and altcoin..
At first they don't know that bitcoin is not as same as altcoin and they don't also know that bitcoin is the mover of the market whereas altcoin depends on bitcoin movement to gain more strength towards price increase. To whatever that affects bitcoin immediately affects every other altcoin they can lose without control even some of them devalue to a way they can't survive the bear market, therefore it's encourageable to invest more in bitcoin than any other altcoin out there.

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Quote from: uswa56 on June 26, 2024, 02:00:20 PM

Quote from: letteredhub on June 25, 2024, 03:45:00 PM

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

You making mention of cryptocurrency which encompasses both altcoins and bitcoin. Does your friend knows any difference between altcoins and bitcoin because a whole lot of people are so ignorant about this difference risking their money with shitcoins only to get dump or rug pulled and all you hear is that it's bitcoin that's because it's the most popular cryptocurrency in the world.

It's a risky game when you're investing in altcoins but a risky investment when investing in bitcoin. Bitcoin investment isn't a game.

For some beginners, of course they don't understand crypto well so they will just be afraid to start, but when they can take the time to learn about investing in crypto they will certainly be able to differentiate between Altcoins and Bitcoin and for those of them they choose to hold shitcoin assets of course. they have put their money into very risky assets and it would be better if they chose to hold Altcoins. You must really understand these assets well and don't do in-depth research on an asset that you will hold to make a profit. and choosing to be able to run both assets will certainly be better.

Newbies could really be that neither that too scare nor really that too careless into something that they do first time be able to encounter on which on the moment that they've seen that they cant really be able to understand and getting curious with it then they might be having that probability that they would really be listening and would really be interested on the moment that you would really be making out those mentions on which it would really be that opposite into those people who had been have that tons of experience on getting scammed online on which on the moment that they've been hearing out something
new that in connection to online things then they would really be directly making out those kind of generalization and there's nothing we can do about it.

If ever you would really be able to convince her, then its good but if you do see that she didnt really put up any sign of interest towards it then its better to
let her be and deal up on things that she do want and dont bother her.

uswa56

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Quote from: letteredhub on June 25, 2024, 03:45:00 PM

Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

You making mention of cryptocurrency which encompasses both altcoins and bitcoin. Does your friend knows any difference between altcoins and bitcoin because a whole lot of people are so ignorant about this difference risking their money with shitcoins only to get dump or rug pulled and all you hear is that it's bitcoin that's because it's the most popular cryptocurrency in the world.

It's a risky game when you're investing in altcoins but a risky investment when investing in bitcoin. Bitcoin investment isn't a game.

For some beginners, of course they don't understand crypto well so they will just be afraid to start, but when they can take the time to learn about investing in crypto they will certainly be able to differentiate between Altcoins and Bitcoin and for those of them they choose to hold shitcoin assets of course. they have put their money into very risky assets and it would be better if they chose to hold Altcoins. You must really understand these assets well and don't do in-depth research on an asset that you will hold to make a profit. and choosing to be able to run both assets will certainly be better.

Ricardo11

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Yes of course, cryptocurrency investment is a risky investment. Not only cryptocurrency, but every investment is a risky investment. But we can take this risk more or less.

As long-term investments in bitcoin and altcoins at the top, it is less risky. Those who want to invest money in some Good coin for long term and want to take less risk, they are all investing in Bitcoin and top alt coins.

And the other is high risk. That is, the possibility of risk is very high here, we can earn a lot of money in a very short time by investing money here, and if the luck is bad, it may happen that all your money will disappear. That is, these are investments in Meme coins or new alt coins. They are completely uncertain, most of the time they come out fake, and suddenly one or two coins come out very good from which we can earn a good amount of money. But in most cases we will lose. That is why it is high risk investment.

Now it is entirely your responsibility to decide exactly what kind of risk you will take and invest. You can only take less risk and more risk, but risk you must take. You will not find any investor 100% risk free. In every case you have to take risk, even if it is a small amount. but without risk nothing good can be expected.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

You making mention of cryptocurrency which encompasses both altcoins and bitcoin. Does your friend knows any difference between altcoins and bitcoin because a whole lot of people are so ignorant about this difference risking their money with shitcoins only to get dump or rug pulled and all you hear is that it's bitcoin that's because it's the most popular cryptocurrency in the world.

It's a risky game when you're investing in altcoins but a risky investment when investing in bitcoin. Bitcoin investment isn't a game.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Investment does have that particular risks involved on which this is something that would really be basing up into your own choice whether you would really be trying out to
deal with it or would really be that trying out to avoid as much as you could. You cant be able to force up someone on making some investment. If he/she turned out to be that skeptical with it,
then let them be on which it wouldnt really be that wise on forcing up someone on investing on which he isnt really that accepting the risks because on the moment that he/she would lost up money
then it would really be definitely be ending up for you to be that getting blamed in the end because you have forced him/her on which this is something that i dont really like.

This is the main reason why on which i dont really tend to make some recommendation or trying out to hook someone on investing on crypto because i do have some bad
experience about being blamed on the moment that they have lost money and after that then i didnt tend to make those suggestions again.

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Quote from: Uhochi on June 24, 2024, 03:36:54 AM

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know

Your question seems pointless to me.
If investing in crypto wasn't worth the risk, then nobody around the world would be investing in crypto and the cryptocurrency prices would be close to zero.
Obviously, investing in crypto is worth the risk, but what exactly do you mean by "investing in crypto"? Do you mean altcoin day trading or buying BTC and HODLing them in your cold wallet for 5 years? There's a big difference. Some people think that crypto day trading is "investing", which far away from the truth.
So far I never had any horrible experiences with Bitcoin. I've never got hacked or scammed with a big amount of BTC(only one time I got scammed with 100 USD). Dealing with BTC and crypto in general isn't that risky, if you know what you are doing.

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