Topic: Is Investing into crypto really safe? - page 2. (Read 867 times)

Crypto investment dey attached with some risk because e dey volatile.One thing about investing in crypto is either u loss or u profit.And also choosing the right crypto to invest on like(Bitcoin),right now bitcoin dey the bearish period after now bitcoin investors wey hodl their assets for their digital wallet dey wait for the all time high price.So like dis person wey dey invest in bitcoin get the belief say the price of bitcoin go increase in the future. And also crypto investors choose the best asset for long term investment and invest with the money wey u fit afford no be all ur life savings u go use invest so that even if u loss e no too weigh u down.

Life currently is all about the risk and risk management. Owning a business aside is a risk same with investment on any cryptocurrencies, the market has many options and then we are left with the option to pick any that suits us. The amount of risk undergo determines the amount of success after investing, that is the reason people would prefer investing in Altcoins than Bitcoin knowing fully well the higher risk associated with Altcoins just because they want a bigger return of profits.

It's more risky not to take a risk this popular saying is truth about life once your afraid of loosing, you can not try anything good. All investment as long as life is concerned is made different kind of risk the question is will the risk be favourable, that is what you need check and that can only be through the study of people who have venture into it. Our people always say even if you don't know frog, just look at the tappole. That is to say even if your still indoubt  about Bitcoin investment you should see those  succeeding on it. others who are investing genuinely and directly to Bitcoin not on any altcoin or coin that is not real and begin to doubt.

Every investment comes with it's shares of gain and loss.
In the crypto space the acronym DYOR which stand for do your own research plays am important role, is a watch word that has do with conducting thorough research and due  diligence before making any investment decision.

Many has gained profit and some loss too  in investment
You should DYOR instead of depending of completely on others advice and opinion or tips from social media influencers that are paid to creat awareness or increase publicity. It is very important to have good understanding of any investment one want to get involve in, know the features, opportunities and the risk that maybe involve in other to make best decision but this are mostly prioritize in altcoins why some are just pumb and dump there are still good project that has made investors smile.

It is mostly advisable to invest in bitcoin which is a store of future wealth and value. Your DCA strategy of 10% or 15% weekly or monthly accumulation considering your income flow with your reserved and emergency fund kept aside to enable you not to sell your investment when there is an unforseen circumstances but to persist in your accumulation will leave you a generational wealth, wealth that will pass from one generation to another.am Really happy for knowledge that is being shared in this bitcointalk forum.

For me I will admit it is really safe to invest in Bitcoin but most importantly you have to follow it up as to know your stance on it cause no condition is permanent.
I still believe that up to this day many people who still do this Bitcoin trading still don't know much about this stuff.

I just decided to drop this cause it's a learning place for us all where you can drop the little you got for others to see through and I believe everyone should at least know about this before investing the root and how it came about.

Follow the link I will drop and comment on what you understand[urhttps://en.bitcoin.it/wiki/Bitcoin_Marketl] source[/url].

Alt coins are highly volatile, this is why it’s in very paramount to know the coin you’re investing in, we have different types of traders, the day traders and those who invest for the long run, first you need to know the kind of trader you wanna be, and be prepared to to face whatever effects that comes with its. If you want to be a long term investor/trader be prepare to have patience, long term traders are investing for the long run. They are willing to wait to accumulate a 100% return of their investment. While short term traders ( the day to day traders) should have that self discipline to avoid liquidation.
 To achieve success in both situations you need to have knowledge in trading and crypto trading as whole, of course you can’t start what you don’t know unless you just want give up your money. Gather the necessary information you need to begin your Bitcoin journey, this forum is one way you can gain authentic information and it is will give you guidance on your journey in the cryptocurrency. Alt coin may look cheap but not all have the strong community and foundations, not many will know what happening behind the scene, but if you are in forum or in community where you get first hand information you will know the kind of project to follow and invest in. Be careful with where you keep your money, not every thing that glitter is gold.

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Since the timing of when is supposed to invest in shitcoins it will be better for one to go for a reputable coin that is safe for longtime investment.  Altcoins are very risky and most time it is very complicated for people to invest in it because it is hard for investors to tell if it will bring profit.  It is better to invest in bitcoin that is reliable of bringing profits than trying to invest in altcoins because it is cheap. It is not about buying altcoins cheap that will determine profit.

OP I don't know how long you have been in crypto business or investment, your explanation on how crypto works is not bad but I must be sincere with you the only coin I will advice anyone to invest in without fair of any kind is bitcoin, despite how volatile it is, this digital asset remains the best among all, the value of bitcoin doesn't change no matter how it depreciates in price, as far as digital market is concerned BTC is excellent, talking about loss in the market it is normal, I wont say that Bitcoin is a saint but in terms of reliability and transparency it is the best beside no investment that loss is not involved, what matter is your level of risk management.

Its very much important that people learn the difference between investing she trading. From my understanding of this thread, OP is  describing trading and not good  crypto investment. Like you rightfully mentioned above, voice of con matters a lot and not necessarily when to buy, reason being that a good con like bitcoin has longevity as its  core features and any investment in this previous con should be long term.

A lot of  people who made fortunes from bitcoin were not traders, but investors who embarked on a long term investment. Its never late to start from where you're and you'll see that  correct crypto investment yields good benefits, and is relatively save when you're investing rightly.

Don't get me wrong, the fact that you haven't heard any talk about being scammed those mean they have experience it, besides the scam I mentioned earlier is one binance exchange, and not everyone uses binance exchange here. We were told not to keep our coins in exchanges so we only trade but not keep to keep our assets there for long.and beside that, I believe we Nigerian are very intelligent enough to fall for some scams that even an advanced outside man can't resist falling for. Some time I wonder if those who fall for some certain scam are so dumb enough to be blinded with enticing words.

That's just the fact here, newbie or not can experience this hack situation, talking about the hack no doubt that the target are meant for those who have accumulated huge amount over the years, are you trying to tell me that everyone who accumulated such bitcoin have fallen victim to this hack?, that's impossible cause they're safety measure to follow and this measure don't guarantee 100% but it's best to follow those measure. When I mean newbies I'm actually referring to investors who don't have any idea about bitcoin safety measure and I made reference of this forum, the forum can be of help just like the way you mentioned Charles Tim and the thread he created, seeing all this you'll get enlighten gradually except you're not ready to learn.
Concerning the scam, if I may ask have you ever experience such or your close friend, I believe if this method you mentioned is so smart everyone would have fallen victim, when dealing with crypto investment you need to be smart and alert cause we are actually talking about money. Nobody is above the scam and hack we hear everyday so you should not get me wrong.

Newbies are not the only one who fall for those scams or hacks, especially hacks. Hackers don't plan on hacking a newbie, but rather they aim higher at those who have accumulated more coins over the years. That is, they target exchanges and other businesses. Just like one of the post boss Charles Tim posted, talking about a scam in binance  exchange. Even an experienced user could fall for that scam. The scam is all about the scammer generating a Bitcoin address that look almost like your own, and keep it in a position were you can easily pick it up and use it thinking it's urs. And if you are not careful you might accidentally credit the scammer thinking it's your own address.

The only problem people face holding some altcoin is because of greed, taking advantage of the market is never a bad idea rather they believe the coin will experience a great and high potential, some coins are for short term investment not long term investment, if talking about long term investment you should consider bitcoin investment first.
Talking about the scam now, I don't think people still fall for their silly games and lie except the person don't know what to do and mostly newbies face this challenges of scam and hack cause they're not enlighten about bitcoin, people like this have enough chance to learn like e.g forums like this will always enlighten newbies about investing.

If you no sabi about crypto investment, e fit hard make you succeed because you need sabi everything about crypto investment before you fit invest. If you no reason well before you invest, your risk go dey high. You gats get specific time and strategy for your investment. If you no fit invest for the right coin at the right time, your risk go just dey high anyhow. The kind risk wey you go carry dey depend on how you don plan your investment. Investing for crypto wey go last small time dey carry big risk. So, na long-term investment you suppose dey look. To invest for crypto, you must ready to carry risk. You no fit invest for crypto without risk. So, you go need invest for crypto with risk for your mind.

In every investment there is risk attached to it, either you make profits or you loose. That why before you go into any business or invest your resources in any investments, make sure there is adequate knowledge of it before you invest.
Investing in crypto is safe, pending on which of the crypto you invest on because there so many of them. which most, are using different marketing strategies to push their crypto but not worth investing on.
Bitcoin, is the most reliable and safest crypto to invest on and highly recommendable for those that aspire to invest in crypto because of it rapid rise in bitcoin price.  Although bitcoin can be volatile but there are techniques and risks management  in volatile markets in other not have a large loss and to be in the game.

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Investing in cryptocurrencies involves taking risks, but it's important to understand that all investments or businesses come with their own set of risks. In the world of cryptocurrency, there are thousands of different coins available, and new projects are being launched every day. However, not all coins carry the same level of risk. Choosing a good coin wisely is crucial, and this requires having proper knowledge of the cryptocurrency industry before diving into investments.

Let's take Bitcoin as an example. Despite its volatile nature, Bitcoin doesn't experience sudden drops like some other coins. Throughout its history, Bitcoin has shown resilience, recovering even after a significant price drop over time.

This principle applies to other types of investments or businesses as well. Without a good understanding of the business one intends to pursue, there's a risk of ending up in a high-risk venture. Consider poultry farming, for instance. Different types of birds carry varying degrees of risk. A poultry farmer needs to be aware of the differences between chickens, ducks, or turkeys in terms of the risks associated with each type. Choosing a bird that is less risky is crucial for those looking to invest in a poultry farm.

In essence, whether in cryptocurrencies or any other business, informed decision-making based on knowledge minimizes risks and increases the likelihood of success.

We no fit lose our money in crypto, it just depends on where you invest your money, many people dey wey be say they prefer altcoins than bitcoin, as our naija take dey, no be everybody have the mind to invest their money in bitcoin for a long time, we know how our people take behave sometimes, they cannot invest their money on anything wey no fit give them profit on time, that is why many people they choose to they invest their money in those altcoins, after they lose their money they will now start to dey complain that people use to lose their money in crypto, we know say cryptocurrency is very risky, but if we invest in bitcoin with patient we can never lose our money.

Yes, it's good to take the risk but we need to know the kind of coin we want take the risk on, all this coin wey be like be gamble before you open eyes close, person don lose money that one is not advisable, it's best for us to take the risk in bitcoin because we know say even though the price dump, it will still rise.

All I talked about is the scams and hacks aspect of cryptocurrency, I never got the opportunity to mention the volatility of the market. Indeed one can minimize it's risk of losing in the market first by learning and studying the market, study a coin before you buy, watch the market behavior of the coin, don't be too greedy to take little profits. These tips I just mentioned doesn't apply for Bitcoin, because investment doesn't require you to become a trader. You can buy Bitcoin and keep the investment for years without worrying about the price movement, and you'll still reap your profit. But in altcoins/ shitcoins, you have to keep track of the market to sell your profit before the coin start experiencing losses.

One can minimize his/her risk when investing in cryptocurrency if you learn all it takes to be an investor. Most of the guru in this space so cash out heavily because they know when to opt in and opt out. This doesn't means they don't lose money at all in the space but theirs is always minimal.

Bro it seems you are referring to other investment and not crypto. Because as to stands, crypto is one of the greatest target by hackers now, and they are effortlessly looking for a way to either bring down an exchange or create a scam project that after it must have gained some reputation by passing KYC being listed by exchange and must have gained a good market cap, they will just run with your money, and that is the end of your asset or money. So this crypto despite say, Bitcoin dey very friendly and very impossible to hack the network, no be all coin for the network be like that oo