Topic: Is investing in cryptocurrency a risky game? 🚨 (Read 1682 times)

I am happy that with the past risks that I've taken for this market, holding BTC and some altcoins, they're all worth it. Very much appreciative that when all of those storms that came to the market, I was able to survive it. I've held a couple of it and sold a lot but still, this game is good for the risk takers that have an investment somewhere else and already had that experience of taking risks. But it's not limited to them, a new investor that hasn't taken any risk is also welcome here. I think that for the new investors, the advantage is on them because they all get to experience the brutality of the market and its side ways, ups and downs and they're already prepared to take it to the other markets when they're able to experience those.

Damn! That sounds like a miracle, thanks for the heads up! Never heard of that fact.

Every risk that we will take will of course have results according to our abilities and when we have understood the risks well, of course we will be able to get good results, so before deciding to invest, of course we must first understand the investment that we will run in order to use a strategy that can minimize the risk of loss that we will get, because without understanding the investment that we will run, of course it will be very risky to lose on the investment and the core thing will certainly be very detrimental to us.

When someone wants to invest in crypto, they must first analyze the market conditions so that they can know the right time to invest, because if they cannot analyze properly, of course we will take the wrong action when investing and we will not be able to make a profit in investing or trading.

Yes, but I guess everyone is not aware of that, or maybe they haven't experience it in their lifetime. As for me, there has been a lot of ups and downs in my investment, some really give a good returns, while others I lost money on it but learn a valuable lessons.

So whether putting a online business or starting new, there is always the risk associated with it. The difference is that how you deal with it, can you take it and stomach and continue or just sit around do nothing and totally quit. For crypto investment though, I would say that it's worth the risk as long as your investments are in the solid coin like Bitcoin or Ethereum.

In fact, investing in cryptocurrencies carries many risks as well as many rewards. As with any business, you have to trade according to your risk and profit loss. So far nothing has been done easily without taking risks so whatever you do has to be accepted. However, caution must be exercised if precautions can be taken to minimize the risk in any case. When it comes to investing in crypto-currencies, you must exercise utmost caution in investing, as you will be in a unique situation, if you carelessly leave your invested wallet behind. I have never lost my investment investing in cryptocurrency nor have I ever lost money to anyone who has not made such an experience. I have been careful here due to which I have not admitted to any fraud till date.

You could even try signing up for a website like Fold and get BTC back for buying gift cards to places you’re spending money anyway. I buy Amazon gift cards from there with my credit card and get cash back from my credit card and BTC from fold. You could even get their credit card and get BTC back for all purchases.

Every investment is a risk, so when it comes to bitcoin investment, there is also risk involved in it. So we should know that investing in cryptocurrency comes with a great risk, and that’s what I do tell most people that I am introducing to crypto. So if she is not ready to take a risk, then it’s better you don’t force her to invest in crypto, because if she ends up losing at the end, you are going to be blamed for that. Since she is not ready to take a risk,  just leave her. Not everyone will invest in crypto, but I am sure later she will discover that the risk is worth taking.

Price volatility is one of the risks in cryptocurrency, and also why most people do feel cryptocurrency is so risky is because of altcoins and meme coins in which they do invest their money. If you invest in bitcoin and you have the mind to hold it for the long term, then what you should take seriously is your wallet security. If you can protect your wallet, then nothing is supposed to happen to your bitcoin investment.

The risk is there everywhere, but when the real estate is nonprofitable - you can't do anything with it, basically, there should be a change in course or it would stay the same. The crypto world, however, changes on its own - and you just try to go with the flow or predict the flow, basically, by analyzing the projects and the situation on the market.

Any type of investment is risky but the investor should understand which investment is suitable for him. An investor should invest in the platform in which he/she has expertise. However, an investor will get an opportunity to invest in crypto with very little risk which is not possible in any other platform. A real estate business requires a lot of money to start its business. There are definitely more risks than crypto. So if an investor buys Bitcoin after getting the initial idea then he can be profitable. But one thing we often hear is that if one does not lose then he cannot profit from the investment. As such, we must develop the humanity of risk-taking.

Experience would really be the key and this is something that will really be making yourself be able to handle with this volatile space. If you cant be able to bare up with the risks then this investment is really that for you.
This isnt really be for the weak heart on which we know that when it comes into this kind of condition then it would really be just that right that you should really be accepting on whats the risks involved into it.
You cant really be able to make yourself that too confident if you are really that lacking that experience, even if  you are really that experienced but it wont really be guaranteeing that you could really be able to make
assured profits on the moment that the market would really be making up some movements. Investing on crypto is indeed a risky thing but this isnt really that a game that you could really be that in compared with gambling.

On the time or moment you do make investment with crypto then you should really be that prepared for the worst. Never ever make yourself that being too optimistic on things because this is where shit things happen
on which on the time or moment that market make out some unexpected movement then you would really be ending up on having those disappointment and impulsive emotions.
This is why it would really be that important that you should really know on what you are dealing with and act accordingly and of course risk management is really that important.

When you have knowledge and experience, it will help you increase your chances of winning, when you invest in bitcoin or top altcoins, it helps you minimize risks. As you said above, everything has its risks, so do not be subjective that investing in potential coins means you will not face risks, bitcoin is no exception. You should also not be subjective that your knowledge will make you invincible, you need to remember that the market is unpredictable so always have a backup plan for your investments.

The higher the profit, the higher the risk, nothing can bring high profits without risk. Everything must have its price.

Yeah, the OP's friend can try a DCA method with a little sum for it with the BTC to see how it goes, with little risk involved, in my opinion. That would be a good course of action.

When buying coins, consider that purchasing at a low price offers the possibility of higher returns if the price increases, and a lower cost per coin, allowing you to buy more coins with the same amount of money. Conversely, buying at a high price may offer potential for quick profits if the price continues to rise, and confidence in the coin's value and potential for further growth.
However, remember that buying low and selling high is easier said than done, as market volatility can lead to unpredictable price movements.

 have your financial plan, always invest the one you can afford to lose and do your research and consideration before making any investment decision,  as invest in crypto carries a risk

All types of investment have risk and risk is one of the main prerequisites of investing.  But if you know whether your investment will be risky and if you can master the ways to reduce the risk, your investment will definitely be profitable even if it is risky. But investing in crypto currency is definitely risky and if you can't invest at the right time and if you can't trade the invested currency properly then your investment will definitely be at risk. If you can't invest in the right altcoin then of course your investment is risky and you will never be profitable.

In the world, there is no business which gives you profitin terms of cash and  shares without or risk free profit. Every business has its own risk so in case of Bitcoin and Altcoins yes risk associated to these investments. But if you do trading wisely and invest only in potential coins them you will get profit without any risk but you have to wait for some period of time if the price drops!

Well we don't have the same future with regards to crypto investment there are people who loss and there are also people who earned big amount of profits, crypto investment is different from gambling or any other play yo earn etc., it always depends on you and your decision if you sell at loss because of fear then you will end up lossing but if you hold and wait for the right time even if it takes a decade then you will earn a huge amount of profit just like what happen to those who buy btc on year 2009 and sell on year 2017 or even in 2021,they are now holding a big profit so think twice.

We are not forcing people to invest, but we are guiding and helping them make the right investment that gives them a better future. Of course, it involves risk and some responsibilities on our side, but we take this because we want them to improve as well as what we have now. If we put high-risk investing in crypto in their minds, they would also be doubtful about whether they would take this. But if put in their minds that this is profitable, that absolutely gives them interest and courage. 

To convince them wasn't easy, but at least we are giving them some hope, and one day when they are ready, they will remember those words and ideas we shared. Maybe someday they will just see us back and say thank you; that is a wonderful word to hear. 

I disagree with you about this, if you love some people, you would want the best for them and find a way to convince them to succeed, especially if the investment you are introducing them to is a good one, like cryptocurrency. But what we need to do in addition is to make sure that we educate them so that before they start, they would have already known the risk and the gain tendency of the investment, so that they will not be pointing accusing fingers at us when the whole thing goes south.

And of course, if someone invested rightly in cryptocurrency, overall, the success will be great. Now, about the approach to use, it's possible that you either convince them directly one way or another or try to use your own success in the same investment as a practical example to convince them.

Everything that is learned using knowledge will give satisfactory results and forcing to be involved randomly and not having knowledge will only accelerate failure. There are many types of people who are currently failing in investing and there are many people who only see people's success without seeing the process so that they get caught in the wrong way. In crypto investment we will never succeed without having knowledge and will actually give losses.

The closest example is when we try to accumulate purchases when the price drops and if the conditions get worse because the price drops again it will have an impact on panic so that in the end people start selling during that period because they want to cut losses, I think knowledge and experience are very important.

I much more recommend that they study first and then get involved in investing with a much smaller amount. Recognizing potential coins that can be chosen as a step to start and I am sure that with the many coins available it will make it difficult for them to decide without knowing which coins are much more potential. It is not easy to invite other people to get involved in investing because there are many things that need to be taught and I prefer to be in the middle.

If people want to learn to invest, teach them how to deal with risks and provide education on how to run investments properly. Don't force yourself to get involved directly if you don't have knowledge about investing because this can cause problems for him or for ourselves when we experience unwanted losses.

The problem is because people will never be ready to experience losses and that will be the initial impact for them to blame us. But when education is given properly and they understand the impact of the risks that are generated, then we are not the target to be blamed. Of course we want to help anyone to achieve financial freedom, but sometimes not everyone is ready to invest in bitcoin. Get used to providing education on investment about risk so that they will learn how to minimize it and that will give them strength when running.

Or simply they do become that too confident on the thing that they are really that dealing into. On the time or moment that they do find out that it seems that too easy that they could be able to make money or profits then this is where they would really be having those kind of conclusions that it was really that too easy for them to do so.On the time that they are doing such actions then this is where self realization would really be kicking in and would really be telling into themselves that these arent the things that they are really that expecting into. Actually its never been that too easy on dealing up with things specially on investing/trading here on crypto space. You shouldnt really be making up conclusions directly because sooner or later you would be able to face up the potential risks involved on dealing up with a volatile and unpredictable space. On the moment that you would really be considering up crypto for you to invest on then it would really be best that you should really be making up some research first on what are the things that you would really be that mainly be able to need to deal off with or be wary about into those particular things in terms of risks management.