Topic: Is investing in cryptocurrency a risky game? 🚨 - page 5. (Read 1645 times)

It's normal for beginner investors to be fearful and become quite hesitant to invest due to its associated risks. As long as money is concern, you have to make sure that everything you dare to risk won't go into waste through investment losses or even from scams that are very common most especially when it comes to bitcoin. I understand OP's friend concern but if she won't jump into investing but will take an in-depth research first and familiarize how bitcoin price moves in the market, then most probably the risk to lose will be reduced and she will gain more chances of making profits instead.

The truth is that every business or investment carries its own risks, but the risks are just bigger in some than in others. However, know that with proper knowledge, all these risks are always minimized. As you know, cryptocurrency involves risk. It is now left for you to do your own proper research about what to do to avoid all the silly mistakes that lead to cryptocurrency risks.

Let's take Bitcoin, for example. When someone invests in Bitcoin, to avoid scammers, you must not share your wallet private key or seed phrase. Additionally, you must not save it on the internet, such as in your email, and so on. You must also not leave your funds in exchanges. If you want to make a profit, you must hold on to your Bitcoin investment for a long period of time. Once you have all this  kinds of knowledge, I believe it will really limit your risks in Bitcoin.

Hodling long term or short term has different risk therefore we can not avoid the risk when investing in both. The risk of short term investment is that you can sell early and you miss making the full profit that you would had made if you kept on hodling. And when you hodl for long term, you can hodl for too long that you find yourself in the bear market and when you want to sell you will be selling at a lost. There is a risk in anyway you want to invest in Bitcoin therefore you have to decide on which risk that you are comfortable with and go with it either long term or short term. Investing in altcoins is the same thing because there are some altcoins that you are going to hodl and it will give you profits long term while there are other that if you hodl for long term, you will lose.

Is there any investment that has no risk? NO. regardless of how small it is. So if you really want to invest in bitcoin or any other cryptocurrency, then you should learn about the risks and how the market works, as well as how to save your investment. Protect yourself from getting scammed or hacked of the wallet I think these are the risks attached to the investment,

and after you know this and you are ready for a long-term investment and ready to take the risk, you can do it, but for you to say, if the risk is something you can’t invest in, then I think you are not ready, and I won’t advise you to do that because you will still be scared after investing and it will result in losing your money.

However, you have already mentioned some risks of the investment, which are the things you earlier mentioned, which are hacks and scams, but as you said, it is kind of bad for someone to lose money in this kind of economy, which shows that you are still scared of the investment. 

As much as bitcoin investment is risky, altcoins are indeed risky as well. Even if we study those coins prior to investment process, still the risk to lose is there most especially if we end up investing with altcoins that are suddenly hyped and then lose its value also in an instant. That's really possible with altcoins.

Risks cannot be totally eliminated but we can always lessen or reduce its occurrence in such investments. The best solution is to allocate more funds to bitcoin and invest a small amount to altcoins. That way, the risk to lose is only low, as long as we always prioritize bitcoin over any kind of altcoins.

The thing that you should bare in mind is on the moment or time you  do step your foot into this crypto field is that you should really be wary on the risks involved with crypto because if you do treat this up like a gambling game then you would really be losing that big time on this space on which this is something that you should be wary of or that's how you should really be having that kind of approach on things.Being profitable in crypto trading won't really be that simple on which it would really be that understandable that risks management would really be that crucial.You would find it for yourself on how risky it would be and you would realize on how you should gonna deal with it.This is why it would really be that relevant that every actions taken must be done with analysis.

The wrong thing with other people is that they do become that impulsive on the moment that they are losing money and becomes that desperate on which it do really ends up on having that bad approach on things and becomes a gambler like mind on which we know that
This isn't really that good in any case.invest on what you can afford to lose and never make yourself that being desperate would be the key for you not to have that kind of bad situation in the end.Profitability will be basing up on how well you do make out decisions.

You are correct in saying that newbies should not explore the altcoin market, starting up the bitcoin market is the way to go as a newbie in the crypto space.

Having said that, bitcoin is worth the risk of having an investment in it, but for altcoin, we can't give someone full assurance on altcoin investment if they want to have a try of investment in them because having a lost investment in them can be terrifying when you learn that they hardly come up in price compared to bitcoin that tends to get to its previous high price in a matter of time if only the investor could have a long term plan of their bitcoin investment.

Many people have experienced life-changing financial status through bitcoin investment, and some have had unforgettable experiences, bad ones I think, because they refuse to invest with their spare money but instead with emergency money. When an important issue that relates to money arises, they sell out of loss because they never had a save up money for an emergency.

Everything in this life certainly has a risk, especially in the world of investment there are definitely risks. How could you not feel the same way? Bitcoin and alt itself have potential risks in them, whether it's losses or profits. Regarding this choice, it depends on you, whether you have sufficient knowledge or not regarding investing in cryptocurrency. If you already understand or understand, of course you will never make a mistake in choosing an alt, there are also alts that have quite good potential, such as eth, bnb and so on. You should not just create one foundation, in this case, use it as best as possible during bearish times like this to create a new foundation to buy alt at quite affordable prices this week.

You can make a bank loan to get an investment budget as long as you can pay the installments from your other business profits. This can be done based on experience and knowledge, and quite a few investors even borrow to invest. The problem is that you have to have another source of income to pay the installments on time, but this is also not recommended financial advice.

If I could choose, then I would choose to save to invest rather than give a loan to invest. The price of bitcoin or this investment asset is never stable so there are always risks that need to be considered wisely. If there were more options, I think selling the car would be a better option than taking out a loan.

It is true that no one can guarantee with certainty that the price of Bitcoin will continue to rise, so for some people of course they don't choose to invest in Bitcoin and I agree with what you say not to invest with borrowed money which will make us difficult when investing. we have not been able to make a profit so we have to think about how to pay off the loan and of course it would be very good if we invest according to our abilities and can hold it for a long period of time to be able to make a profit.

When someone invests, of course they must have sufficient knowledge to be able to carry out their investments well and it is impossible for them to make profits easily without having sufficient knowledge of the investments they are carrying out, because without sufficient knowledge it is of course difficult for them to make a profit. us to be able to decide something appropriately about the investments we make.

Very risky indeed. Bitcoin has no certain future that its price will eventually move upward, and that makes it more fearful to invest. That’s exactly the reason why we are told from the start to never invest with your borrowed money, just invest at your own risk. And considering a lot of new investors here rush to invest with only less knowledge and experience, that increases even more the risk and might have bigger chances to see theirselves losing in the end. So I’ll always tell everyone that crypto investment is really risky, but you can always somehow manage to minimize the risk if you enter crypto with sufficient knowledge and clear understanding on how bitcoin works in the market.

You're right. Every loss and negative market trend has brought back more positivity in the following days. Bitcoin market and altcoin markets look more confident for the next couple of months, and I expect an uptrend after the June correction. Historically, the market's ups and downs are normal. Those who hold for the long term usually come out winners, so it's up to the investor to decide whether to play a risky or risk-free game.

If one is just a beginner in crypto market, he should not explore the alts market yet. Try to understand the bitcoin market first as it has solid market to begin with. Exploring alts without sufficient knowledge what's going on can easily screw up your budget.

I understand some of these newcomers are tempted to jump on board because of the thought of earning high profits at a short period of time. They got such notion over the net when people are saying that they got good chunk of money from selling their meme tokens. But there's more than meets the eyes here. Not all projects are profitable. You will be very lucky if you happen to buy some alts and earn more than 50% out of it.

Nothing in life is without risks. The funny thing about trying to avoid risks when it comes to your finances is that you will eventually lose it to something you least thought will pose a risk. When investing in cryptocurrencies, especially Bitcoin, it's best to not put all your money in it, at least start with an amount that will not make you regret if things don't pan out the way you planned it. I specifically chose Bitcoin as the best choice for any crypto investment as it's got more potential over the others and I'm sure you won't advise her to put her money in altcoins.

Let's assume that she put her money and it garnered her more profits, will she make the statement she's making now? I feel some people are not putting their money in Bitcoin not because they don't have but they are hesitant to because they still regard it as something new and it has the probability of making one run into losses than gain, on other words, there's those who still regard it as a ponzi scheme.

Crypto investment is a risky game but one should be mindful of how they can decide to take the risk in it because not every risk you take in crypto will pay out as well as anticipated. After all, crypto comprises bitcoin and altcoins. There are big differences between the two when it comes to investment profits.

An investor can decide to take the risk to invest in bitcoin and turn out to be a successful investor in the future. Someone who took the risk to invest in altcoin will not feel the same. They are most likely to be at a loss if they intend to hodl their altcoin for long like bitcoin. This points out that altcoin investment is riskier than bitcoin to consider ahead of bitcoin investment. Bitcoin is a safe haven type of investment that you never lose unless you decide to sell at a loss price

It would really be that included on overall and thats why informations that would really be able to read up is something that needed that should really be precised or something that will really be that be true for you to be able to have that kind of awareness on how this market really works and on how you would really be that dealing with it accordingly. If we do speak about crypto in overall then of course it would really be that meaning on dealing up with all coins/tokens which is really that available in the market on which it would really be just that right on trying out to point out on which one you would really be that trying out to engage with it.
Investing with crypto is really that a risky thing but its never been a game because this isnt something that you would really be needing to deal up as if you are on a game or simply being doing gambling.

On the moment that you have decided to deal up with this market then you should really be that making yourself that get prepared or else you would really be finding yourself having that kind of
hardship when it comes to the situation that in talks about predicting prices and other stuffs.

A look from investment point of view (putting in resources monetary and otherwise for potential gains) is important. You sometimes gain when u thought you will lose and lose when you thought u'll gain vice-versa. With that in mind yes and no as stated above is very reasonable... Proper know how should be be in place concerning the chosen area of investment. BTC to say, as said also day trading is not advisable, and probably facts must be taken care of as well as possible leaving any other thing to the outcome..
So you might not really be able to tell how risky it will be for  you if you didn't try since it will definitely be different or similar experience for two people . However you can also after all search and done accept or reject crypto business.....

Don't be so certain on that because they are some crazy folks who totally follow and lay on suggestions that other give them without they themselves even trying out how to better make things work efficiently or to access if therr might be doubt about the information being passed. The cryptospace is a wild place especially base on the fact that it doesn't necessarily mean just Bitcoin when you utter that word because crypto includes all coins even the shitcoins.

Of course, I don't mean to give a guarantee that it has to be done, but that is the reality that I feel while being with Bitcoin.
Besides, every word that sounds like convincing him to do it requires doing his own research before deciding because we don't bear the risk but he will bear the risk. Vice versa, when people gain profits from their investment choices in Bitcoin, it is not given to us but to them.
Up to this point it seems clear and understandable.

Every Bitcoin dip should be viewed as a buying opportunity. When I started to understand about cryptocurrency and Bitcoin, I saw the success of Bitcoin since then. I became addicted to Bitcoin after seeing its success, and became addicted to buying Bitcoin. Next I started buying bitcoins. Gradually, as I started making profits, my interest in investing increased. So I now choose Bitcoin as my sole investment trust. The more bitcoins I hold, the more returns I get.

So I can definitely say that long term investment in bitcoin is risk free, Your investment must be for the long term. Then it will give you guaranteed profit. So I started investing with DCA method long ago, now I have built up a fairly good portfolio, and I have made good profit from it.

So currently the price of Bitcoin is on the dip, make your mind to buy this moment and hold for long time, and don't limit yourself to buy now, start investing in DCA method. You will always have extra expenses in your daily life, invest that money instead of extra expenses, it will bring you huge profits over time.