Is Investing into crypto really safe?

liasbaa

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Quote from: Miles2006 on September 14, 2024, 06:42:20 PM

Quote from: Su-asa on August 31, 2024, 11:22:23 AM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Logically the simple answer to this question is no, it's all risky, crypto is a life time opportunity it's left for you to buy at the right time and sell at the right time. The market isn't always stable so at any moment be prepared for anything. I prefer to invest what I'm willing to lose, taking calculated risks is very moment so Incase there's a drastic drop you won't start having emotional and regretful feelings. No one can tell you that investing in crypto is safe not even expert traders can tell you that, just invest what you can lose and have a target

You’re right, there’s no 100% guarantee about bitcoin investment and at this point over investing can be risky as well. Bitcoin investment is valuable, there’s a difference between a risky investment and a valuable asset. Anyone can earn profit from their investment only when they know how to invest, it’s always advised invest what’s available because there’s a probability bitcoin market might take long before anyone can make profit. Bitcoin investment is a long term investment that needs proper planning before investment to avoid lose.

Every investor invests based on assumptions and that applies to any investment, it is not reasonable for you to focus only on Bitcoin as it will expose you to investment risk or have no guarantees. You can rather say that investing in other shitcoins is not guaranteed and they can lead you to huge losses. I think bitcoin is a reliable means of investment and you should plan to save for long term. Many people invest because of not knowing about Bitcoin investment strategy and hoping to get more profit in short term, but if they can choose Bitcoin holding and gradually accumulate Bitcoin in DCA method for long term, they can benefit a lot.

Miles2006

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Quote from: Su-asa on August 31, 2024, 11:22:23 AM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Logically the simple answer to this question is no, it's all risky, crypto is a life time opportunity it's left for you to buy at the right time and sell at the right time. The market isn't always stable so at any moment be prepared for anything. I prefer to invest what I'm willing to lose, taking calculated risks is very moment so Incase there's a drastic drop you won't start having emotional and regretful feelings. No one can tell you that investing in crypto is safe not even expert traders can tell you that, just invest what you can lose and have a target

You’re right, there’s no 100% guarantee about bitcoin investment and at this point over investing can be risky as well. Bitcoin investment is valuable, there’s a difference between a risky investment and a valuable asset. Anyone can earn profit from their investment only when they know how to invest, it’s always advised invest what’s available because there’s a probability bitcoin market might take long before anyone can make profit. Bitcoin investment is a long term investment that needs proper planning before investment to avoid lose.

Yucky

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Is investing in anything really safe? Anything called an investment involves risk. Even people who buy physical goods, like those who do importation and exportation, sometimes lose their goods to the sea or to customs. Anything related to investment carries risk because you're not 100% sure; you're investing with the hope of getting a return on investment.

Where you can minimize your risk is by properly studying the market. You can either seek mentorship with someone who has been in the game for a long time and ask them about the pros and cons of that market. While doing this, you should also conduct your own research.

For cryptocurrency, which has potential in this digital world, it can be a good investment to make. However, you need to understand the principles behind it. You need to know when to invest, which coin to invest in, the capital you can start with, and how to progress as you go. You also need to know when to trade and other important details.

Remember, there is no investment that doesn't carry risk. It's your approach towards this investment and your long-term commitment that actually makes it profitable for you.

Zackz5000

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Investing into crypto is pretty safe if only an investor will know the best coin to invest on, the Bitcoin is safe and reliable to invest on if your plan is for long term not that Bitcoin investment is not risky it is but there is a less risk involved if it is for a long term purpose, an investor who has some basic knowledge about Bitcoin investment won't have much challenge during his Bitcoin investment journey with your DCA strategy of accumulating Bitcoin you can accumulate Bitcoin irrespective of the price level either weekly or monthly and hodl for long as long as your discretionary income is readily available.

AYOBA

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Yes off course the Bitcoin investment is the best coins to invest without in a long period of time without having any issues, the only people that we can see having some issues when ever they invest in bitcoins is that; are those that refuse to seek for knowledge before introducing themselves in to Bitcoin investment, we all know that every successful person most have to take a risk but if you know your way you can have the limit of losses.

That’s all about the cryptocurrency aspect, but some people don’t want to make research on their own that’s why they don’t know much on how the bitcoin investment works well, and this life at times if you don’t take some risks what suppose come to you can definitely passing away from you.

laijsica

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Quote from: asarfiar on September 11, 2024, 01:03:32 AM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

First of all we need to choose the time, and get proper knowledge about the risks involved in investing in different cryptocurrencies which are mostly for those of us who are new to investing in different shitcoins for short term. But the most important thing for us first is to invest in bitcoins and some people are wrongly investing in shitcoins, the proposed currency is bitcoin which we need to research more and as a result expose the mentality of investing in bitcoins long term. Take the risk of investing in Bitcoin and getting others interested in it and proceed responsibly.

Investing in Bitcoin will not require you to do any research because you are investing in a reliable asset. One method you should adopt is the DCA method in which you tend to accumulate long term and you should to build a huge stash. I will also tell you that DCA and long term holding are most useful for reducing risk in Bitcoin investment. Although the price of Bitcoin is volatile, I think investing in Bitcoin is relatively risk free and if you analyze the market, you will see that most investors are making huge profits.

Short-term investments are always risky because investors should avoid excessive greed and greed and focus on long-term bitcoin holdings. Most shitcoins can drain your invested capital periodically and you can face huge financial losses.

EarnOnVictor

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Overall, cryptocurrency is a blessing to Nigerians and the world at large, but the clause is that the potential investors should make sure they learn it, know it and apply it rightly for it to be completely helpful to them. Cryptocurrency is risky just the way it's promising, it's all about the investors and their luck because no one knows it all and the coin/token you undermine might be the most successful one while the ones you appreciate so much might underperform, this is why we need luck in addition to expertise.

But mainly, we need expertise here and the use of our instincts rightly is important. We should know the project we want to invest our money in from the beginning to the end for us to learn everything possible about it. We should also sharpen our analytical means and ensure we follow our speculations faithfully. We also need to ensure that we do not act based on emotion and let our investment reflect the high standard of management possible.

I don't think anyone with all these attributes will regret dealing with cryptocurrency, and above all, we should "invest the money we can afford to lose."

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Quote from: asarfiar on September 11, 2024, 01:03:32 AM

First of all we need to choose the time, and get proper knowledge about the risks involved in investing in different cryptocurrencies which are mostly for those of us who are new to investing in different shitcoins for short term. But the most important thing for us first is to invest in bitcoins and some people are wrongly investing in shitcoins, the proposed currency is bitcoin which we need to research more and as a result expose the mentality of investing in bitcoins long term. Take the risk of investing in Bitcoin and getting others interested in it and proceed responsibly.

Not that it's wrong to Invest in altcoins, the only thing people should avoid when it comes to altcoins is holding for a long term. Shitcoins aren't meant to be hodl, if you understand how these coins works behind the scene, you might notice that they were created for just one purpose, and that's to make quick profits and get rugged by the dev. Most people don't know this, and once they here about a coin that has been pumping for long, they might decide to jump in to also make profits. Unfortunately the project is dumped and their money gets lost. Before investing in crypto, you should go for those coins with long term plans from the developers and not just a pump and dump scheme.

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

First of all we need to choose the time, and get proper knowledge about the risks involved in investing in different cryptocurrencies which are mostly for those of us who are new to investing in different shitcoins for short term. But the most important thing for us first is to invest in bitcoins and some people are wrongly investing in shitcoins, the proposed currency is bitcoin which we need to research more and as a result expose the mentality of investing in bitcoins long term. Take the risk of investing in Bitcoin and getting others interested in it and proceed responsibly.

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Na true be say crypto na risky stuff but from the beginning you have to know the kind of coin you will take risk with, you know say them get some coin wey be say if you buy am you regret in your life for knowing about cryptocurrency, crypto currency na like understanding game wey if you understand am and You use your brain E go favor you, because the way you plan and do am na so you go see the result, many people dey lose and many people dey win but you should also know that in any thing or business wey you dey do for this like you go win or you go lose.

If you never even lose in crypto currency before that mean say God dey with you and you grace dey follow you because if you ask many people them go lose money still go and invest in all this shit coin, crypto currency no too hard if you know what you are doing and know the kind of coin you go put your money, so crypto currency na better better stuff if you sef your goals very well.

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Quote from: Hatchy on September 01, 2024, 03:53:49 PM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

If we put the word safe in play, then we might be missing it at that point. There's no investment that's not risky, even in real estate management, you can make losses when some of your property gets damaged or destroyed by unforseen circumstances. Cryptocurrency investments is as well risky but then if one takes the security of his funds seriously, he might have some % chance not to loss them to scammer or pump and dumps.
Investing in crypto, you first have to make proper research and plans on how to manage your investment. You have to make sure you are only investing in good coins that has futures and not on some shit tokens that are created for the pumps and dumps. It's very easy to make profit from crypto and at same time easy to loss. So it depends on how smart you are at this point.

Exactly right. There is risk in every investment and no one can say for sure that he will make a profit, they are only guessing. Experienced investors set their investment strategy in such a way that they are prepared to buy from every level and buy more during bearish times. In order to reduce the risk in investment an investor should choose the right crypto at the initial stage and hold accordingly through regular buy and at the later stage he can arrange his portfolio for long term or short term. I would also like to agree with you that crypto investing is definitely very easy and profitable too, you just have to be smart.

Yucky

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Quote from: Smartvirus on September 08, 2024, 02:20:59 PM

The thread say’s cryptos. As much as I for like to generalize, I go like stress am small say, Bitcoin Dey fairly stable and that no be about the price but, with regards as a crypto investment . Na the only one way you fit Dey hopeful about. Altcoins carry an unmatched amount of risk and so, you need Dey very thorough in your research.

Generally, cryptos na very risky investment. I no go advise person way no Dey very stable to venture into cryptos. You need get at least an alternative source of income to fuel your investment in cryptos and as you Dey do am, you no gats Dey too hopeful make you no Dey disappointed with the result. In the end, cryptos na good investment.

I agree with you!
Normally, peson no suppose invest into crypto with en feeding money or money for emergency, na who don chop belleful suppose reason crypto investment. Now, this one no be to discourage anybody but make we dey tell ourself the truth.

Many people don enter one chance because they go give themself high hope still give another person high hope say bitcoin investment na blood money. I gree say if you invest for crypto wella, study market well,sabi how to holdl and when to trade, if the profit come e go be like ritual but you suppose don sabi the market well.

You suppose don know say the money wey you take buy the bitcoin you no borrow an from person and you no squeeze am from your daily survival money. Before you invest, you go plan, plan your investment fund well, no too put your mind before you go get heartattack.

As you just invest with money wey you don already plan, remove your mind, keep your fingers crossed, go about your stable hustle and they observe market. Bitcoin investment dey profitable but you gats plan yourself well else you fit make investment mistakes.

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Quote from: odunybiz on January 20, 2024, 04:18:01 PM

Life itself is all about risk. Even sleeping at night is a risk. Our movement up and down the street sef na risk. So anyone who want to succeed in life should always learn to take risk. Although there are responsible risk and also some measures on can take to minimize risk in business and in life in general.

Risk has different dimensions and we have responsible risk and non responsible risk, however the responsible risk are the normal businesses we ventured into believing that profit will come later with the minimum amount that shouldn't bring us financially down to start afresh, though is not just only business but could be anything that can generate income, meanwhile the non responsible risk is when a person or an individual knows fully well that the kind of investment they want to risk there money has only a little chance becoming successful and decided to invest all the money they have do to the greed of also getting a bigger profit, so actually this is how I measured or classify risk because even if almost all the things we do includes risk but there are better ways to go about taking those risk.

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Quote from: Smartvirus on September 08, 2024, 02:20:59 PM

The thread say’s cryptos. As much as I for like to generalize, I go like stress am small say, Bitcoin Dey fairly stable and that no be about the price but, with regards as a crypto investment . Na the only one way you fit Dey hopeful about. Altcoins carry an unmatched amount of risk and so, you need Dey very thorough in your research.

Generally, cryptos na very risky investment. I no go advise person way no Dey very stable to venture into cryptos. You need get at least an alternative source of income to fuel your investment in cryptos and as you Dey do am, you no gats Dey too hopeful make you no Dey disappointed with the result. In the end, cryptos na good investment.

This na very good point you done make and wetin I wan add to this your statement na say eh depends on the Cryptocurrency and investment plan and I no go leave out level of understanding of Cryptocurrency too. Also, no Cryptocurrency dey 100% safe for investment even Bitcoin wey be the best Cryptocurrency still get em own disadvantage just that eh dey more preferable and go benefit investors with good profit overtime compared to others. The best idea for investor na to think of long-term, discover different strategies to accumulate more then comot their mind while they focus on other sources to generate money from cause if you person dey put too much hope on am dey fit get BP due to volatility that's why person need to get stable or other sources of income as them dey invest on Bitcoin cause no be wetin you fit survive on if you dey find daily bread and that's why experts say eh good for long-term purpose.

Smartvirus

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The thread say’s cryptos. As much as I for like to generalize, I go like stress am small say, Bitcoin Dey fairly stable and that no be about the price but, with regards as a crypto investment . Na the only one way you fit Dey hopeful about. Altcoins carry an unmatched amount of risk and so, you need Dey very thorough in your research.

Generally, cryptos na very risky investment. I no go advise person way no Dey very stable to venture into cryptos. You need get at least an alternative source of income to fuel your investment in cryptos and as you Dey do am, you no gats Dey too hopeful make you no Dey disappointed with the result. In the end, cryptos na good investment.

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Quote from: Y3shot on January 11, 2024, 02:31:47 AM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Bitcoin is only risky when you rush into it without having knowledge how to go about it then it becomes very risky that one can end up losing money. Bitcoin is very volatile but some People just want to go into it to make money not even bothered to know the basic things about it. When people invest their time to have knowledge in bitcoin understanding that bitcoin needs patience to stick to the market, then it is very easy to overcome every risk, lack of understanding makes people to lose in bitcoin investment.

First and foremost we should understand the concept of Bitcoin investment, Bitcoin volatility explains the fact that there is risk in Bitcoin investment because the price can not be predicted, the fluctuation favours either the dip or pump which we can't boldly predict when either of those will occur.
Many people end half way in Bitcoin investment just because they decide to invest based on what they heard without clarification, although its not necessary to have a versed knowledge of Bitcoin before you can invest, the major thing is to know basic things and follow up, it is very important for people to know that no matter how risky Bitcoin is, it is better for us to concentrate on the long-term benefit of bitcoin which is the major reason why we should know that Bitcoin is not meant to benefit us in a short while, if intending and existing investors understand this established fact it will help to put their head straight to concentrate on investing irrespective of the price at any giving time knowing fully well that the future is the goal.

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

If we put the word safe in play, then we might be missing it at that point. There's no investment that's not risky, even in real estate management, you can make losses when some of your property gets damaged or destroyed by unforseen circumstances. Cryptocurrency investments is as well risky but then if one takes the security of his funds seriously, he might have some % chance not to loss them to scammer or pump and dumps.
Investing in crypto, you first have to make proper research and plans on how to manage your investment. You have to make sure you are only investing in good coins that has futures and not on some shit tokens that are created for the pumps and dumps. It's very easy to make profit from crypto and at same time easy to loss. So it depends on how smart you are at this point.

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Crypto investment depend on sound understanding , knowledge and most importantly patience of . when you have all dis qualities you will understand that this investment is really save and less risky because wen u get knowledge you go know the right coin to invest in and then have patience.
Patience is really an important factor in this kind of investment because it is the main reason why people think say crypto investment is not safe. wen you are patient you can still hold on and continue wit your investment even though you loose money . many youth nowadays are not patient even and that is why they think is not safe and very risky. we have seen a very good example from the people wey invest in bitcoin from the starting ,dey were patient and dey reap the fruit of their labour and patient .so the bigest way to kill your fear for crypto is to believe in it and be very patient because the result of patient is always success.
Moving on we also have to take note of having proper knowledge and sound understanding of the whole crypto itself because if you don understand everything about it you will know how to convert to from the risky to the safer zone.

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Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

Logically the simple answer to this question is no, it's all risky, crypto is a life time opportunity it's left for you to buy at the right time and sell at the right time. The market isn't always stable so at any moment be prepared for anything. I prefer to invest what I'm willing to lose, taking calculated risks is very moment so Incase there's a drastic drop you won't start having emotional and regretful feelings. No one can tell you that investing in crypto is safe not even expert traders can tell you that, just invest what you can lose and have a target

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Quote from: Jaycoinz on July 26, 2024, 02:37:33 PM

Quote from: KupaCrypto on January 08, 2024, 07:22:07 AM

Crypto currency investment na risky kind of investment, because Several risk dey associated to this kind of investment, crypto currencies dey very volatile, come dey make crypto investors more vulnerable to losses, but most persons no dey reason am , them invest in am heavily and most of them done cash out, and still most of them still loose money, crypto investment fit profit you or fit make you loose money before you close eye open, because the price fit climb or drop before you close eye open. E better to take the risk, but take the risk responsibly.

My brother e no get any thing wey risk no dey for this life, even if you wan open shop start to sell or even wan go school sef you go see na life itself na risk so Bitcoin investment is no difference except sha if you dey go put your body for things and coins wey no make sense and when you look at the crypto market then you go see a lot of them wey full there but if na Bitcoin you put your funds instead then I fit tell you say the risk is not as much as you see am.

:

I agree with you that anything you want do have risk behind, it left for you to decide what to do even before investing in cryptocurrency, it's essential to have some experience or knowledge about it. If you're new to cryptocurrency, it's crucial to have someone who is well-versed in it to guide you. Don't jump into investing without understanding what you're putting your money into, as it can lead to panic and potential losses. Instead, take the time to learn and consider seeking advice from a trusted expert. But don't forget that Bitcoin is the the best.

Yes Bitcoin is the best. I think you don't need much experience to accumulate bitcoins because if you have the mindset that you will be a bitcoin holder then you can start today. For that you should have a reliable source of income and save a portion of the money left over after meeting your family's daily needs. Also you should gradually increase the amount of floating cash so that you can meet your urgent needs with cash. It is also important to increase the amount of real assets for regular Bitcoin deposits and long-term investments as you don't need to withdraw Bitcoins in an emergency.

Topic: Is Investing into crypto really safe? (Read 1617 times)