Topic: Is Investing into crypto really safe? - page 3. (Read 1636 times)
I like the fact that you used the word crypto and not any specific, investing in crypto as a whole is risky and as there there lots of shit projects or scam projects so I other to evade about 60% of that risk which is due to investing in the wrong projects then you have to learn to do your own research, what do you have to look out for when doing this, project team, any trading data, how long they have existed, and which exchange they are launched, you should look at tiny details that can help if there are scam or not which is to read their whitepaper, apart from this then if you have invested in the right project, then to learn the difference between memecoins and bitcoin, if you are investing into bitcoin then anytime is the best time to buy, but try not to buy at high with memecoins cause it could crash on you.
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.
I believe everyone going into cryptocurrency investment is aware of it’s risk, except those who probably didn’t have the opportunity to be taught before jumping into it. It’s just up to whoever wants to invest whether they are up to the task to take the risk involved in cryptocurrency, it’s volatile nature makes it an investment tool and it is what drives everyone into investing in it with the aim of making profits and since every investment or business is risky we just have to prepare our minds for whatever the outcome maybe. Crypto investment make investors vulnerable to losses only when they don’t know how to go about it, it involves risk doesn’t mean you should invest carelessly, it entails taking calculated risks and that way it will increase your chances of making profits and reduce the likelihood of losing money.
Investing in crypto is a long term investment thing. If the marketing is falling today, tomorrow it will rise again that's why you need patient and study the crypto market before you invest. Year's ago when bitcoin just came, many people were skeptical about investing in it but people that we're knowledgeable about it went ahead to invest. Today they are reaping the fruit of their investment. So when investing in crypto be patient and also invest smartly.
You know say people they always fear waiting go do their money because to even get the money this days no be something wey they easy, if no be person wey understand things we know how this only things they be and people they always confuse Ponzi scheme with bitcoin and na because of Waiting ponzi done do them, them no wan to put body for anything online. But the earlier the better them know say bitcoin they different the bette. Then secondly na the price, people they always they scared and their is nothing to be scared about even if the price come down for sure the thing go still go up. Bitcoin na investments wey person suppose get patience for before investing because if you no get patience you no fit invest in bitcoin. And I know say plenty people wish say them know about bitcoin since, them for know were they done reach now for the investment. Because na now them for they cash out well from the investment time never still go if you get money you still fit catch the train to invest, better late than never.
Crypto is not an investment where you rush into without getting full knowledge of it and inproper research, and also when investing into crypto let it be a long term investment and also have it in mind that there are two things involve when making investment expecially altcoin is either you loss or gain, to succeed in crypto you need to have full knowledge about the particular coin you are investing into. And again life it self is all about risk but let be a calculated risk when it comes to crypto investment.
Cryptocurrency is not safe for people who don't understand it. Rushing into cryptocurrency to invest is big risk that is why it is important that people needs to understand it very well before going into it . Without the right knowledge it will be impossible to invest in cryptocurrency. The currency is very volatile and one needs understanding to manage it very well so that their won't be lose of money .The most important things to first know are the coins to invest on and the right time to buy. Some people will invest on a shitcoins while some people will invest at the wrong time. These are the two most costly mistakes someone that wants to invest on coins and tokens can make.
The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
Exactly, most people don't know the right time to invest most jump into investment without any proper research due to fomo. That why is always advisable to invest on BTC mostly when yah newbie because the risk attached to is not as much as the risks attached to most cryptocurrencies. Because any time bitcoin undergo any dip it's always bounce back to beat that same price well as @Charles-Tim said never too late to invest in BTC.The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
Yes, you are correct, that is why it's always advisable before someone will go into investing in crypto, they should first of all know the basic knowledge and understanding of crypto, do research effectively on how it really works and the risks involved, knowing when to invest, sell or buy, with all this, one can be able to avoid too much loss, especially the newbies, they should learn how to ask questions, anytime they find something confusing and they also learn how to apply patient because one of the things crypto required to move forward is patient, it is also helpful.
One thing is Paramount in investment whether you have a basic knowledge and understanding how crypto works there's must always be a profit and a loss these two things are inevitable in investment, some people make profit based on their instincts why some people make loss based on their instincts too so one should know if his instincts is always good or not so that they will know whether to follow it or not.
Though some newbie may not know how to ask question cause they are still new to the forum and most of us don't understand that fact and sometimes they always criticize them because they ask the question wrongly so in this case if you are a newbie in the forum how will you feel, can you gather some courage to ask again off course it will be very hard for you to ask again because of fear not to be criticized but someone who is determined to learn will adjust and still ask next time. Patient is good no doubt but sometimes it is not always an option and can be disastrous at times.
The most important things to first know are the coins to invest on and the right time to buy. Some people will invest on a shitcoins while some people will invest at the wrong time. These are the two most costly mistakes someone that wants to invest on coins and tokens can make.
The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
Exactly, most people don't know the right time to invest most jump into investment without any proper research due to fomo. That why is always advisable to invest on BTC mostly when yah newbie because the risk attached to is not as much as the risks attached to most cryptocurrencies. Because any time bitcoin undergo any dip it's always bounce back to beat that same price well as @Charles-Tim said never too late to invest in BTC.The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
Yes, you are correct, that is why it's always advisable before someone will go into investing in crypto, they should first of all know the basic knowledge and understanding of crypto, do research effectively on how it really works and the risks involved, knowing when to invest, sell or buy, with all this, one can be able to avoid too much loss, especially the newbies, they should learn how to ask questions, anytime they find something confusing and they also learn how to apply patient because one of the things crypto required to move forward is patient, it is also helpful.
Bro I would not say that your not right cause in general all investment bears its risk and we only do it because of potential future gain that we can see, and its good to make informed decisions based on performance of this asset that we chose to invest in, in our case bitcoin or any other crypto currency, since its been generalised I won't use the stats of one to cover all, but I'll say that it all matters on your approach, there are many successful investors in the crypto industry and history and they all have one thing in common they were long term holders, so I'll advice you to follow long term holding if you want to make profit from crypto with little stress on your emotions about risk, cause as historical performance permits, crypto currency and assets in general gains value over time or lose value over time and there are many factors that cause this, and one of them is scarcity which bitcoin is a very good example, with only 21 million total supply, but would continue to be scarce as time goes on, so if you want to invest chose bitcoin and for sure as a long term investor you would be on the winning side
The most important things to first know are the coins to invest on and the right time to buy. Some people will invest on a shitcoins while some people will invest at the wrong time. These are the two most costly mistakes someone that wants to invest on coins and tokens can make.
The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
The recommended coin is bitcoin. Make further research to know some other ones. Last year has been the time we have been advising people to invest in bitcoin, but it is never too late for now.
You're right @Charles-Tim, when you stick to invest in the crypto markets by speculative influences and rumours without researches enquires to understand how reputable and reliable the coin maybe and ignores all that measures, of course you could end up being messed up. Wise enough keeping yourself off from the devastating shitcoins that you wouldn't know your state of stance then you must stick to Invest on the bitcoin digital assets.
Alot of post on the theead that i read talked more on the best cryptocurrency asset to biy which is Bitcoin because of the surge in it but failed to state one vital issue about the security of your wallet. Like we all know cryptocurrency is highly volatile prices fluctuate in the shortest period which makes it risky to invest.
Secondly, to the issue of cyberattacks on cryptocurrency exchanges and wallets. it is important to use highly secured exchange wallets if not your account might be hacked. Some reputable platform out there have secured their security by enabling using two-factor authentication to secure the storage of their users coins.
Secondly, to the issue of cyberattacks on cryptocurrency exchanges and wallets. it is important to use highly secured exchange wallets if not your account might be hacked. Some reputable platform out there have secured their security by enabling using two-factor authentication to secure the storage of their users coins.
Well for me, I go say na yes and no matter be that because the yes and no get advantages and disadvantages. E good to save for Bitcoin o but your fit dey der, dollar drop and we know say dollar fit drop anytime and when e drop, we don lose the value of our money that is we dey safe for Bitcoin with $10 and we dey hope say by next week you won use the money and na that next week u go exchange am, so that by then dollar don increase and you dey hope say as at that time wey you get $10, say if you exchange am, e go fit come out like 15k to 20k for Nigeria currency o, so wen you ready now, to exchange am, the value don drop well, to the extent wey you go dey regret say if to you know, you for don exchange am since and we know once Bitcoin or dollar drop e dey take a while to increase no be e go tey o but e go take small time to increase so na so the thing be, na e make I say na yes and no answer depending how long you won use the money.
Investing in crypto can be risky, it can make you win or lose money. Especially when you invest in crypto that lacks transparency, unrealistic promises and exaggerated marketing claims. So invest responsibly, to invest responsibly in crypto Start small diversify and research well because these are the most common mistakes over investing, lack of research and following hype blindly most of these altcoins are over exaggerated. But investing in the right coins at the right time is important and to be specific Bitcoin is a good choice to invest in, investing in bitcoin can be profitable with lesser risk you just have know when is the right time to invest in it, Altcoins are riskier.
Crypto is not an investment where you rush into without getting full knowledge of it and inproper research, and also when investing into crypto let it be a long term investment and also have it in mind that there are two things involve when making investment expecially altcoin is either you loss or gain, to succeed in crypto you need to have full knowledge about the particular coin you are investing into. And again life it self is all about risk but let be a calculated risk when it comes to crypto investment.
Cryptocurrency is not safe for people who don't understand it. Rushing into cryptocurrency to invest is big risk that is why it is important that people needs to understand it very well before going into it . Without the right knowledge it will be impossible to invest in cryptocurrency. The currency is very volatile and one needs understanding to manage it very well so that their won't be lose of money . 
The only cryptocurrency that is safe for me is Bitcoin, I didn't say that you shouldn't invest in altcoin if you want but that will depend on your choice, but as for crypto generally bitcoin is the best, I always hear people say that investors should know when to buy, though thats a good advise but what if a crypto enthusiast wait for a long time and the price keep skyrocketing will he still wait or go in with what he has, I strongly believe that every investment is starts when you have the fund to invest, so I come to the conclusion that an investor can invest anytime to avoid using the fund for another thing.
Omo if no be say as our country dey do us yeye like this, I prefer to safe for crypto pass all this our bank them, if na only me and them, bank no go dey exist again, our government them won just comot anything way they answer crypto for our we country Naija but God no dey gree for them, e just dey pepper them for body as e be say some people no they reason government matter, like to dey find job opportunities even after person go school finish but person go still dey suffer. So as e be like say, some people don wise up, them don dey find means to dey earn for online where them go they received dollar, dey use dat one dey hold their side too, but e no mean side effects no dey as we dey save for crypto o, because if Bitcoin drop, our money wey we save their don drop too, for example if we get 5$ for their and Bitcoin come drop we go come get 4$ so na e be but even as that I find more safe and secure to safe crypto.
You should be more specific, you would prefer saving in Bitcoin or just any Cryptocurrency. Bitcoin should be the main course of saving not any coin, to avoid risking our money. One should be aware of the volatility in terms of saving in Bitcoin, at the time which the money is needed may now become lower than what was deposited, it may also be the other way round when profits is made from the savings. 
Actually to me it's safe to some people, and not safe to some people because In this crypto space you only got what you deserve.
In the world of business, their is always a risk and the likelihood of you losing all your money, so that's why it's very much important you go for knowledge first, so as to know how to navigate your way in that particular line of business.
So if you are knowledgeable enough to know your way in the crypto space, you will definitely be profitable, but if you have no knowledge about it, their is a very high tendency of you losing your money, so that's what it is, so it's either you go for knowledge first, or your ignorance cost you dearly.
In the world of business, their is always a risk and the likelihood of you losing all your money, so that's why it's very much important you go for knowledge first, so as to know how to navigate your way in that particular line of business.
So if you are knowledgeable enough to know your way in the crypto space, you will definitely be profitable, but if you have no knowledge about it, their is a very high tendency of you losing your money, so that's what it is, so it's either you go for knowledge first, or your ignorance cost you dearly.
I can't say for sure that cryptocurrency is safe, let's call a spade a spade. Starting from wallets, we all know how dangerous it is to keep our seed phrase careless. Most times we even didn't plan for any disaster yet where we taught is safe for our seed phrase becomes unsafe. Let's just take for example, those leaving in areas where natural disasters do occur without their notice, like tornado, earthquake, rapid flood..... If paraventure they kept their seed phrase in a paper form and things like this happen, the probability they might loss their seed phrase and access to their wallet is very high, and we have been warned not to safe out seed phrase online.
Then when it comes to buying of crypto. The only factor that determines that we get profit from the coin is the volatility, at can also be a disadvantage to our holding. Currently there are many scam projects and after conducting your research and all of that, you can still end up buying a scam project, cause even those developers of scam projects try as much as possible to make sure the project looks legit and even pass through all the KYC and gets listed in exchanges.
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.
Actually to me it's safe to some people, and not safe to some people because In this crypto space you only got what you deserve.In the world of business, their is always a risk and the likelihood of you losing all your money, so that's why it's very much important you go for knowledge first, so as to know how to navigate your way in that particular line of business.
So if you are knowledgeable enough to know your way in the crypto space, you will definitely be profitable, but if you have no knowledge about it, their is a very high tendency of you losing your money, so that's what it is, so it's either you go for knowledge first, or your ignorance cost you dearly.
Crypto is not an investment where you rush into without getting full knowledge of it and inproper research, and also when investing into crypto let it be a long term investment and also have it in mind that there are two things involve when making investment expecially altcoin is either you loss or gain, to succeed in crypto you need to have full knowledge about the particular coin you are investing into. And again life it self is all about risk but let be a calculated risk when it comes to crypto investment.
The investment is catching but very risky, if you not prepared don't go into it, because you will just lose you money and that is what some people have heard and they are trying to avoid losing there money, but with the right knowledge you will do bitcoin and you wont lose your money. money understand things you suppose to understand and that way you will be free. and one of the easiest thing to do when your involved in crypto is for you to hold and people will want to trade and they don't have adequate knowledge to actually go into trading only few people like trading so for people that don't want to trade can hold. people do not want to lose all they want is to gain all the time and it wont work that way. there are days that you will win and days that you will lose so it is something you are suppose to have at the back of your mind.
Omo if no be say as our country dey do us yeye like this, I prefer to safe for crypto pass all this our bank them, if na only me and them, bank no go dey exist again, our government them won just comot anything way they answer crypto for our we country Naija but God no dey gree for them, e just dey pepper them for body as e be say some people no they reason government matter, like to dey find job opportunities even after person go school finish but person go still dey suffer. So as e be like say, some people don wise up, them don dey find means to dey earn for online where them go they received dollar, dey use dat one dey hold their side too, but e no mean side effects no dey as we dey save for crypto o, because if Bitcoin drop, our money wey we save their don drop too, for example if we get 5$ for their and Bitcoin come drop we go come get 4$ so na e be but even as that I find more safe and secure to safe crypto.
Crypto is not an investment where you rush into without getting full knowledge of it and inproper research, and also when investing into crypto let it be a long term investment and also have it in mind that there are two things involve when making investment expecially altcoin is either you loss or gain, to succeed in crypto you need to have full knowledge about the particular coin you are investing into. And again life it self is all about risk but let be a calculated risk when it comes to crypto investment.
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.
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.
Yes, you're correct. while newbies are frequently intended targets for scams and hacks, experienced users may also become a target. You brought up the "Bitcoin address hijacking" fraud, which is especially risky as it's simple to confuse a slightly changed wallet address for your own. Wallet addresses should always be double-checked, even if you believe you are sending money to yourself. It's better to be safe than sorry.
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