Topic: Is investing in cryptocurrency a risky game? 🚨 - page 2. (Read 1704 times)

Very often, people have an attitude that shows they think that everything is going to turn as they want, never making preparations for when things could go differently, and this is a big mistake, as when it comes to a business or an investment, this is the kind of attitude that can easily get them in huge financial trouble, and we see this all the time with the people investing in meme coins, which get surprised when instead of getting the huge profits they wanted, they get huge losses from which it is unlikely they will ever recover.

to be fair anything is risky game, even business is risky 90% literally just went bankrupt the first year I think btc in some category fare better than conventional business but always it's the money and risk management that helps massively.
the people who plays risky game should know they should spend money where they can afford to lose and make it up easily.

the problem with most of people though, is that they just become too overconfident thinking they are different than other people and think they can come out victorious from the market, truth can never be further from that.
because i'm also sure the people who got liquidated of their perpetual trading are having the same mindset.

Its not a game but if someone said they only put in spare cash and dont risk too much, I dont find that to be an incorrect attitude.  Worse would be people ignoring the risk, putting in large amounts they cannot afford to lose then you will find out its not an easy game or anything easy to play.

We get days like today and it shouldnt be ignored that it can happen thats why it has to be said to be risky and never put all your life savings into something too risky like this.  Its not the only asset thats risky, Ive heard of people who went into diamonds as a trade and found the market fell apart on them; lots of things should be taken with caution but are still quite valid.

I agree with that. Hacks can't be stopped, even if someone is an experienced individual and has vast knowledge about cryptocurrencies and everything, they can still become a victim of a hack, but when someone has knowledge and experience, they can mitigate the risks of getting hacked by using better security measures and storing their cryptocurrencies in places where the possibilities of them getting hacked will be very less.

However, scams are pretty easy to spot and avoid with knowledge and experience. In this industry, most people who get scammed are newbies, and that is because they lack knowledge and understanding of how things work and what things they need to avoid in order to stay safe.

When it comes to trading or investments, both require knowledge, but as you said, trading requires more because one needs to constantly work with the market to gain success whereas in investments, you put in your money and come back at a later time, only keep an eye on the market.

Regarding taking advantage of market trends, that's what makes us say that basic knowledge is needed and it can be obtained by learning. One of them is using small capital to trade. If it's an investor, the best strategy is to buy regularly with financial capabilities. If the first purchase is made at a price of 60,000 with the BTC/USDT pair, then when the second purchase is at a price above 60K, let's say at a price of 63K, maybe the next purchase can still be covered so that the chance of loss is minimized. CMIIW

Fear and panic are not permanent, but can change when you are used to dealing with market price fluctuations equipped with knowledge and experience.

Yes, the loss factor should also be kept in mind before investing. Because if there is a loss after investing then that investment has no value. New coins are constantly being added to the market, it is not possible to invest in all the coins, and it is also impossible to say which coin is risk-free. Considering all these factors if one invests in Bitcoin then that investment is definitely safer than others. Although there is a risk here, those who hold these coins for a long period of time will definitely be able to profit. But the investor should keep in mind before investing as it is a risky investment platform so it is best to invest as much as he can afford to lose.

Experiencing panic due to a price drop that causes the asset value to be minus is a very normal thing to happen to everyone, although it often happens to those who are new to crypto investment or who have just held Bitcoin as their investment asset. But people who already have enough experience can also panic even though it is not born publicly to everyone and often looks relaxed when facing such things, even though they also feel panic in their own hearts.

In addition, what differentiates old investors from new investors is the way they take advantage of market trends, where old investors will always buy more often in conditions like the current ones than new investors who are still afraid to buy in conditions like the current ones because they still have to add some more capital to be able to do this.

We are used to it and will never get tired of saying that if you want to do something, you need knowledge of the actions to be taken. Investing in crypto is prone to risk, although other types of investments are also not free from risk. At least the type of Bitcoin investment can minimize the risk rather than choosing other coins.
I agree that not many people are ready when they experience big losses, unless they are familiar with the investment we are discussing. Even laypeople when they lose a little because of the issue game have panicked.

Scams are hacks are very common in crypto being a completely device based currency but scams are also common in fiat too.

It is a speculative market when it comes to the price of bitcoin. If you are trading you are more likely to lose money if lacking the experience. If you are just holding for long term then there is less risk.

Of course investing in crypto is risky, but understand the risks and you will be able to navigate the grounds with less risk.

I think it's obvious that if someone will ask for advise, more likely they don't understand the inner or outer workings of crypto specially Bitcoin. So it's understand that at least we will try to help anyone with the knowledge that we have in this market and from out experience.

And base on that, then yes, good to start small, and then guide them all throughout the process although we don't want to spoon feed them. I still remember someone, not a friend but a neighbor of mind who are interested on Bitcoin and I guide him and later when he moves out of the neighborhood, he thank me for that.

I see that you use the word thrive there and according to its meaning, it is both negative and positive. This was indeed the company can experience when they start involving their selves in Bitcoin, as we know how volatile this coin is but as long as they are doing the right measures, the final outcome can still be positive. If they do invest in Bitcoin, it's also a good thing for us to do the same thing. Not only that Bitcoin is beneficial to us but the more we will benefit because of their effects, however even without them, we still can invest on our own and this is the right approach, and that is we must not compare our selves to other people.

And in order to see this, we can use the chart to see that up and down or zigzag movement of the price. We are talking about crypto here and this is not only limited to Bitcoin but also to Ethereum and other altcoins and tokens. Despite the high volatility in Bitcoin, surprisingly it is still the safest coin among all cryptos up to this date because it can bounce back easily if in case its value got dumped for some reasons.

The real risk in crypto doesn't come from a simple observation but it is when you are already involved in the actual thing. We still can mitigate it by investing only amounts that we can easily afford to lose and also by choosing the right set of coins that will be included when we create our own portfolio.

Giving such steps has also involved them in direct investment even though only with small capital which is generally not bad as an initial test. However, I would agree more with giving them special learning and education about investment and assets that are worth investing in so that we can let them decide for themselves what they will choose after knowing some facts about assets and how to invest in certain assets. Because it will be quite painful when you are blamed when they experience losses due to their lack of patience in doing so because you are the one who invited them directly to start investing in something even though only with small capital.

Directly involved in an investment?
Hmmmm, it can also be done, but there is really control from others or just follow with a small capital or just try.

Beginners who really want to learn will remember every instruction and learn from every experience.
But some beginners who only come with their own knowledge, without getting good knowledge,
they only come with quite a lot of money at the beginning, but then they will just disappear.

Seeing many of these phenomena today, ordinary people only look at the advantages of others without seeing how much they lose.
Crypto is not an investment game, it is a real investment using money.

That should be the case because convincing others to get involved in investment will actually create problems, especially if they do not understand how to run it at all. I agree more with giving them the opportunity to learn first and not by convincing them that investing in crypto is very profitable. They can be taught in a simple way, for example, getting involved in small investments as a step for experience, after they gain knowledge and experience, they will automatically like it more.

By learning to understand the impact of risk, they will be much more prepared and maybe that should be learned and directly involved in investment. No one will be ready to experience big losses, therefore laypeople and beginners must try to get involved responsibly before thinking about the big profits from the investments they make..

There is no need to convince others of the investments we are running, and we trust, just breed them and let them learn and do their research.
If you succeed, and you make a lot of profits, they will consider and be interested in starting investing in crypto as well.

Laymen or beginners will not believe it until you get a real example of investment success.
With the increasing profits of crypto investment, more and more beginners are interested, but of course the risk will still exist, and the risk will also be greater.

It is true that investing in cryptocurrency is risky. There are thousands of altcoins in the market and investing in them is very risky. You can lose money by investing in different altcoins in the market. But if you can invest in a trusted currency like Bitcoin then it won't be so risky. Bitcoin is very popular currency nowadays if you can invest in Bitcoin and hold it for a long period of time you will surely profit. Before investing in Bitcoin you need to plan to hold it for the long term. Whatever you do involves risk, you cannot easily achieve success without taking risks. However, the risk in Bitcoin is very less than all the currencies in Cryptocurrencies, it can be said that Bitcoin is not risky if you hold it for a long time.

Every investment has it's shares of gain or loss, in the crypto space there are different kinds of coins, Bitcoin which is the main coin and others. However, Bitcoin is less risky as when compared with other coins, Bitcoin has proven to be the best considering it's historical performance till date and more so, the performance of other coins depends on Bitcoin and Bitcoin is less volatile than other coin. Generally, it is expected you invest only the amount that you can be comfortable with which should be more like a disposable income after ensuring that you have taken care of whatever might have been considered to be your basic needs and also ensure that you very careful not to fall victim of being scammed by securing you asset.

A person who is not a risk taker is not suited to crypto investment because the assets here are quite speculative and change so quickly. Convincing others to get involved in investment is not easy because not everyone has the ability to recognize the potential here.

Without risking you will never know the outcome and that is not just talking about crypto investment because in all forms it has the same. When you build a business can you guarantee that the business will be successful and that means the level of risk that is generated is still attached. What should be thought of is not risk but how to minimize it and that is also taught in economics how to control risk.

He should learn to understand potential coins and should study market movements because that is how he can understand how to run an investment. Without good knowledge taking risks is also a bad choice because if something happens he has no way to resolve it.

It's easier said than done, though I have so much trust for Bitcoin judging by the history it has recorded so far. But the context is not about me or any other experienced traders/investors but someone who is not even a newbie yet. The OP is still trying to convince the lady, so it can't be as simple as you think if the plan is not working as expected.

As the OP explained it, it could be scary if she planned to try Bitcoin investment for some months for instance and bought it at $70,000 and met Bitcoin lower than that level on the maturity date. Imagine those who bought Bitcoin close to the peak in 2021, won't they panic years after? That is why we should be careful in issuing investment advice for people which was my main point in the first post.

Anyone just needs to be aware and observe the risks very well and not be afraid of the risks because all jobs in the world always have their own risks and those who do not dare to face any risks will never get anything in their own jobs. So never be afraid of the risks as long as you are very aware of them and know how to make decisions in order to avoid certain risks and until now Bitcoin is still the best among many other cryptos with better returns on the profit side.