Topic: Is investing in cryptocurrency a risky game? 🚨 - page 6. (Read 1704 times)

I have been following Bitcoin for a long time. I believe Bitcoin is a permanent asset of life. Although no one can guarantee anything, I personally believe in Bitcoin. If one is not willing to take risks in cryptocurrency space then he will never get anything as per his expectations from here. Moreover, an investor should not invest on blind faith. There are definitely risks involved in investing, but those who invest with a long-term plan have less risk. All investments involving money are risky but based on probability if one takes the risk and holds the investment for long term they will surely succeed.

I didn't buy Bitcoin in 2018 because I thought it would lose its value and then I missed it in 2021 but since then I didn't want to miss out. If you start investing from every bearish position, there is a great chance to get more profit from Bitcoin.

Yes and no because its how you frame that involvement and also the time frame of your participation in BTC markets.   If you hope to day trade BTC its extremely risky and hard to do without losses, BTC has high volatility and not good uncertainty day to day.

The surprising thing about BTC is its long term aspect and this will be mentioned by a few people involved over many years.   BTC does gain well long term but also with harsh pullbacks involved.    Your best chance of reducing risk is to be involved with BTC over a longer term time period, that involves your own perspective and ability to hold.  The worst thing to do is to borrow or use money you do not have spare, if you are forced to sell it might be at the worst time for the BTC pricing hence you will lose.

Cryptocurrency generally is quite risky, just as every other investment out there, but when referring to to Bitcoin and different types of asset to invest in, it comes with their own level of risk entirely,  for example now, if you invest only on Bitcoin, in as much as it's also risky due to it volatility, but it's no way near as dangerous as investing in meme coin or shit coin as we call it,  which to me is like gambling.

Another aspect that makes it very risky is that if you are not knowledgeable enough to know all it entails and how to protect your asset in this crypto space, at some point, you might lose all your hard earned money due to lack of knowledge on security, so in essence is that, in cryptocurrency, their are level of risk in it, such as low risk investment, which is Bitcoin and a higher risk investment which is alt coin and shit coin.

Lastly, until that your friend is ready to put his money to work, he is not ready to make money, because the  fear of losing money will not take him anywhere, and it's even more risky not investing in Bitcoin now with the current economic situation in the world.

Frankly, the cryptocurrency market is the market that can offer the best returns but also the highest risks. The higher the profit, the higher the risk, and limiting risk will depend on each investor's knowledge and experience.



OP said he is learning about the market, meaning he can accumulate knowledge by spending a lot of time learning but experience takes time and practical experience. If you think he needs experience to start investing then he will never have the opportunity to invest in the market.

In short, if he is newbie and wants to minimize risks, it is best to focus 100% on bitcoin, say no to altcoins, memes, and shitcoins, and say no to the idea of ​​getting rich quickly overnight.

If we invest anywhere, everything has the potential to lose, especially if asset holders panic if prices experience a large enough decline, it is that panic that causes large losses. It's true that a lot of altcoins are emerging at the moment, they are competing to be the best in the CyptoCurrency market, indeed the price offered has now decreased so that many people are interested in investing there, but there are also many who are not. survive long enough in this case, it's best to choose an alt that has pretty good fundamentals in this case.

Investing in crypto currency can't be without risk. There is certainly risk involved in investing, but it is less and less. It is important for investors to know the basics of investing before starting early stage investing.

Market should be well analyzed before investing i.e. you have to be experienced otherwise your investment may face losses. Also you need to decide which coin you will invest in Bitcoin or Altcoins or MemCoins. You me and all of us have a tendency to double profit before investing i.e. we want to make more profit in less time which is why many people get greedy and invest in meme coin. As a result of which later it is seen that their investment suffers a lot and even they lose their entire money. If you want to take less risk in investing then you should invest in Bitcoin because investing in Bitcoin is less risky in the cryptocurrency market.

As we all know, it is a risky investment and you mentioned some reasons already. But quite not enough to think we should be afraid of because nothing is risky when it comes to investing. It is risky but profitable...
Why people are here although it was risky? because it is worth taking.
All I can say is to buy bitcoin and some potential altcoins, not shitcoins. We can't lose any amount if we manage to stay aligned on the simple investment strategy --buy low and sell high.

Just to figure out how many investors become successful here which means that we can make a fortune in the crypto market if we know how to manage our investment properly. Of course, we can't deny that some people are suffering losses but that is the result of their wrongdoings and falling into broken promises made by scammers. We can avoid this if we are not greedy and do research before buying.

For me it is worth it but it might not be worth it for any individual because they do not have the kind of attitude that I have. I can invest in any type of cryptocurrency and not get worried if the market is falling because I did my research before joining and I have understood how the market works. Cryptocurrency are risky because the quantity of investors are not very big. The market is not that big because it is only very few coins that are making the full market value to be big. Bitcoin is taking almost 2 trillion dollars while the whole cryptocurrency market is barely above 3 trillion dollars. The market is not that big therefore volatility is always going to be experienced. But because the market is not very big yet, it is an opportunity to invest and this is why I said I know taking the risk to invest in the market is worth it.

Before investing you must first change your mindset, that investment in any form is not a game, because if you think investment is a game then you can not take it seriously, even though this is something that can change your life either for the better or just the opposite because of the wrong choice of investment.

The scary stories with the successful ones both exist, so it's not just the scary ones and the successful ones are the ones that choose to invest in the right form like Bitcoin and it's worth it.

Since you mentioned cryptocurrencies then it is altcoins that are much more risky that's why scammers are around altcoin projects, Bitcoin is safer than altcoins, and caution is what can keep you safe here because it will not be easy to choose crypto as an investment even it would be better if you only choose Bitcoin.

Most of it is true as you say and it is a bad decision because getting involved here is just a matter of seeing other people get richer in investments. In fact, after they get involved, what they see is actually different and they lose control of maximizing their investment responsibly. That's why it's important to have knowledge before starting and not look at other people's success as a reference for getting involved here. Motivation from other people's success is no problem for getting involved in investment as long as we are willing to learn first and try to make an analysis of investment patterns.

When involved in crypto and have the knowledge then I believe people will be much better prepared to get started and each time make definite decisions based on correct analysis. To make everything function well, only with knowledge so that they slowly have experience in making decisions before investing.

Most of the people in the crypto world still do not understand the crypto world unfortunately. There are way too many people who joined because they saw some other person get rich, and they wanted the same thing to happen to them as well, which is why they are in this market.

We can't make them understand it unless they are willing, they need to be doing something that will benefit them first, and if they do that then we are going to benefit in the end, we should consider the situation to be very different. If they eventually decide to learn then they are going to get better, but we can't make it work any other way. I hope that people could find it themselves to make it work and learn more about crypto and not stay ignorant about it.

Risk management would really be mainly needed or something that would really be that crucial because even if we do say that we do stick with Bitcoin investment but it wont
really be giving out that assurance that you would really be able to make yourself having that guaranteed profits. Somehow if we do speak or talk about long term approach then we
could somewhat tell to ourselves that we are on the right path or way because we do know that Bitcoin does have the potential.

On the moment that you do make out some recommendations in speaking about crypto investment then never ever make those guarantees or having those words
as if you are assuring that they could make profits. Always focus about on explaining about the risks because on the moment that you do make them positive
but ending up on losing money then for sure you would really be getting blamed for that.

If you are careful enough nobody will scam you and you will easily detect what is a scam is by mare looking at it. The more you deal on crypto currencies the more aware you become about crypto scams and hacks. When you are able to stay away from connecting your wallet to different malicious sites in the name of airdrops, secondly when you don't expose your wallet phrase and private key to third parties, nobody will be able to hack your wallet. As a new investor that hasn't really understand how things works in this space, you should avoid investing in shit coins as they are highly risky and they have a higher tendencies of rug pulls and scams. You should consider investing in bitcoin and other alt coins that has been there for years now. There is no investment that's not prone to risk. Any investment that doesn't have an atom of risk is not an investment. Risk is not just associated to crypto currencies alone, but if you are careful you can avoid most things that will put you in trouble.

The cryptocurrency I invest in is Bitcoin. From Bitcoin I learned a valuable lesson that I have to be careful with the public. Be careful when storing keys.
Investing in Bitcoin requires me to have patience with price fluctuations that change all the time so that I don't panic when the market experiences a price decline.
Buy when it is low and sell when the price is considered appropriate by implementing regular purchases during the current period. This is called the right time in my opinion.
In the long run, Bitcoin is very good.

Investment is not a game, it is something that can make or mar you depending on what you invest in because not everything that is addressed as cryptocurrency is worth your time and money. So yes there is some level of risk involved in any investment be it in cryptocurrency or other asset classes but for the same of this discussion, since you made this post in the Speculation board where the price of Bitcoin is being discussed, I will give my response with respect to Bitcoin. Bitcoin is risky but the risk is lower when the investment is made with the intention of holding it for a long time like 5-10years time. Altcoins are generally risky and some of them will make you lose all your capital. Unlike Bitcoin that gets better with time, most altcoins die with time so their risk is very high. If you are looking for a reliable investment portfolio, I will suggest you buy and hold Bitcoin.

I agree with you and I find it strange how people associate the risk of cryptocurrency to hacking and other forms of attack. Even fiat account can be hacked and the account emptied. Hacking happens in anything related to the internet and not only cryptocurrency so I will not use it as the risk of cryptocurrency. Although there is growing interest in hacking cryptocurrency infrastructure due to the seemingly anonymous nature it portrays. So care must always be taken not to fall victim of such incidence.  

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.

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.

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.

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?

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.

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.

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.