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Topic: Is Investing into crypto really safe? - page 6. (Read 1636 times)

newbie
Activity: 8
Merit: 0
January 11, 2024, 06:08:21 AM
#39
Making investment into crypto is very important to those who are not living a standard life. Having an opportunity to invest into crypto as a poor business man can help you grow more money into your own business. Cause the investment you have made will give you more hope to put more effort and help you make savings.


And also when you make investment it's helps you get affordable credit and archive more... despite is risky, but that is what makes you an investor.
full member
Activity: 560
Merit: 161
January 11, 2024, 02:31:47 AM
#38
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.
hero member
Activity: 1260
Merit: 765
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January 10, 2024, 06:40:38 PM
#37
Cryptocurrency investment na one of the most smartest kind of investment but, it involves high risk and if you lack the fundamental knowledge of the whole thing, you may likely miss out on the right time and risk to take, just as you pointed out, cryptocurrency is a volatile assets and as that, no one can tell when the right time to invest or to predict what the price of coin will be, so for that, the buy time and price is very important since it far better to buy low and sell high, that is the basic concept that have proven effective for many investors.

First check the coin and it potential and secondly check what the best price to buy them and how stable are their in the market, having the knowledge of all of thos will place the investors in the best possible positions.
full member
Activity: 588
Merit: 119
January 10, 2024, 06:35:03 PM
#36
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.

This may depend on the part of crypto you are investing in. Crypto is wide and the option or part you pick to invest in will determine how safe you are. You can never compare a spot trader with a future trader. Both has incvested in crypto in two different ways in which one is more risky than the other. No matter area you are investing in crypto, you really need the basic knowledge of how crypto works to succeed and lower your risk in the crypto space.
sr. member
Activity: 476
Merit: 316
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January 10, 2024, 06:26:42 PM
#35
Investing in crypto is a 50-50 gamble in which you may lose your $1000 within some hours. There is so much manipulation in altcoin coins and if you are not smart enough the whales will take liquidity on your head. For instance, if a new crypto project is launched and is still in the $400k market cap, some whales can decide to push the market cap higher by investing thousands of dollars into the project, and once they are in profit they will dump the token and you that invested few dollars will be at loss, because the token price will not rise to where it will give you a profit. That is why it is good to invest in Bitcoin where you will not lose your money even though there is a drop in Bitcoin price.
hero member
Activity: 644
Merit: 520
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January 10, 2024, 05:10:42 PM
#34
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.
Bro, life itself na risk so and na only people wey dey willing to take risk nai dey standout from the general public and I believe say na this reason many people dey get this regretful feelings so tay dem end up ves for their self and the matter fit turn the other way round sef but one thing is certain and that one na be say risk na part human life. Anybody wey dey go into Bitcoin investment supposed know say the matter no be easy one oo, but another thing be say na understanding be everything because many people dey feel say the moment you join them go rich unknown to them that's the issue of is very delicate yet so complex.
legendary
Activity: 1106
Merit: 1372
January 10, 2024, 02:32:34 PM
#33
This risky wey we dey clamour every day, nobody don tok di why Bitcoin e dey risk and everyone just dey tok say Bitcoin e dey risk. Then I won to know "how"? Though as for me dem dey say like that because it volatility but if you understand Bitcoin dat has nothing to do with the risky people dey talk every day. Ok. You invest in Bitcoin when it is very low and you store it in the wallet until when di price goes up then you sell them and take you profit. And di risky wey people dey tok, when you invest in Bitcoin when the price is high and you dey expect am to go up but instead him dey come down then you go loss and dat is weti dem mean. But you have to keep hodling it for a very long time until di price goes up again before you can make profit. So I don't see the risky wey other people dey see. Bitcoin is not risky as you guys are saying.
hero member
Activity: 1064
Merit: 501
January 10, 2024, 02:08:02 PM
#32
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.
To take a responsible risk na for bitcoin na, as for altcoin, na big risk be that cos you no wetin come out from am tomorrow. Na for bitcoin investment wey I know sae peso go invest and em go get rest of mind because em know sae no matter how the price of bitcoin depreciates reach, em go rise back, no shaking but for altcoin matter, once there price begin to the depreciates peso go d hold em hand for chest because peso know no some of the coins wey d hodl for em portfolio go survive for the bearish market or the price dem go end up to, wey go land them of being at loss badly
legendary
Activity: 2478
Merit: 4341
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January 10, 2024, 12:30:37 PM
#31
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.

Take calculated risk when investing in cryptocurrency, invest in only assets that are guaranteed to give you profits like Bitcoin and not in hyped altcoins that'll lose its hype immediately another altcoins is launched. Invest like how smart investors dey invest and you no go worry about the risk of investing in cryptocurrency. Investing in cryptocurrency mightn't be safe because you fit go buy wetin you no know say na rug pull or exit scam scheme project wey the project wan do but if you put all those money inside Bitcoin, you no go worry say Bitcoin go crash make you lose all your money.

Is investing into anything really safe, you'd dey take risk the moment you put your money into any investment because you no know how the outcomes of the investment go be. Not only cryptocurrency wey dey risky any investment you wan do starting from investing in our local stocks to the Real estate business dey risky and na wetin make investment be investments. The outcomes are always two sided, E fit dey profitable or make you lose money.

Cryptocurrency dey volatile no go make you no invest, you can use that volatility to your advantage, people dey do am so E no dey impossible. You fit invest by trading or hodling, everything depends on wetin you fit do. If you buy Bitcoin you no need worry about volatility by staying off the market and just waiting until it's time to take profits then you do so because the market go dun give you better profits based on how Bitcoin dey increase overtime.
newbie
Activity: 8
Merit: 1
January 10, 2024, 09:32:10 AM
#30
My people e get some kind topics way them they bring for this forum way dey sweet my body wel wel. See to invest for crypto no bad at all in fat e dey even dey safe lifes. Because at that time way you invest, you go no say your moni dey somewhere dey grow for you. Cause ego make you get control to economic future. I swear to invest for crypto really dey important. Your standard of living go change by false. So make ona invest for crypto.
sr. member
Activity: 966
Merit: 391
Underestimate- nothing
January 10, 2024, 05:30:21 AM
#29
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.
I see a lot of posts about people saying you can buy whenever you want, and I usually comment that it's not reasonable to me because, just like farming, there are times and sessions for farming, so imagine buying and selling high is not reasonable at all, so knowing when to buy the way you said it and knowing the right channel of investment to take. There are numerous ways to invest and profit from cryptocurrency, and it is up to the individual to decide which ones to pursue.

The number of shitcoins available is more than the number of more reasonable ones, and once the euphoria has passed, people will be eager to earn rapid money, which is one of the reasons why many believe they can make quick money from bitcoin. When it comes to security and assurance, bitcoin provides a complete package. All you need to do is be patient and know what you're investing in. It's as simple as that, yet people don't learn.
sr. member
Activity: 448
Merit: 351
January 10, 2024, 01:55:12 AM
#28
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.
But talking about the right time to invest into crypto currency, according to my research, it's seeems between the months of October/November and April/may are the best times to invest in crypto currencies, but does this timing stop it from  dropping prices , so as investors can buy at a lower price and make profits on a long run,  because with the right timing I think investors can take advantage of it and buy.
I don't really know the kind of research you made and the process used in carrying out your research to arrive at your conclusion, but it would have been nice if you could share more of the research techniques, but nevertheless it is what it is. Adding to that October/November last year we saw some good pump in the market and the pump has been sustained till this new year. So according to your research, is it good to buy when there is green candles in the market? Or the money October/November, April/May are months or red candles? There has not been a perfect timing when it comes Bitcoin investment, rather keep buying as the money comes in using the DCA methods. Or you can adopt a method that works for you.
sr. member
Activity: 854
Merit: 451
January 09, 2024, 05:32:06 PM
#27
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 you dey invest in cryptocurrency, d first thing wey we suppose do na to hustle for better coin if you wan invest, and the coin wey I go recommend na bitcoin, na d only coin we I trust be that, and you suppose ready to hold for long time. I know say all coin get him own risk na why we no suppose invest all Wetin we get in cryptocurrency, na the mistake wey some people dey make be that, if u wan invest, make sure say you invest Wetin no go affect you incase if anything happens.

If you wan take risk, make sure say reasonable risk you dey take, no go take risk wey be say na for hospital you go land if things go wrong, make sure say you no put all your money for crypto, make u get money outside cryptocurrency, make that one be back up.
sr. member
Activity: 546
Merit: 265
January 09, 2024, 04:48:15 PM
#26
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 you must Invest on a reliable crytop coin that posseses the potentials of considering its investors aim of investing in making profits and get your coins secured, then you must Invest on Bitcoin and forget about the AltCoins.
The volatility nature of Bitcoin is no an enough hold reason to secure investors away from the crytop investments because investment already is an risky engagement that has minimum probabilities to swing towards the investors path of making profits unless a highily marketing skill of security phrases are authenticated. This is another reason why you must Invest on a secured crytop coin being Bitcoin.
And of course yea, one have to take the risk in investment if you are to make tangible profits but must risk responsibly with a minimum amount that one could always tolerate Incase the market goes biased.
sr. member
Activity: 658
Merit: 441
January 09, 2024, 04:06:27 PM
#25
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.

Cryptocurrency na very risky investment, e dey very volatile and di value of your asset fit fall or rise anytime. Sadly, some persons no know this and di mindset wey dem dey take join the space be say any coin dem buy and hodl e go jellof for dem. Naso dem go end up buy shitcoin hold wey dey useless and dem go lose deir money. Even Bitcoin wey don cement him self for di space, you go still need a good knowledge of the market to know wen to buy and wen to sell. So e dey advisable make we always do due diligence before investing in any coin and make make we only invest the amount wey we know say we go fit afford to lose.
sr. member
Activity: 728
Merit: 354
January 09, 2024, 04:06:06 PM
#24
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.

When they said business, see OP. As long as you invested in crypto, don’t fully put your mind to getting profit. You need to be expecting two things to come out of that investment: either you lose money or you gain profit, and not only in crypto, that's how business works. However, saying that some people are making while others are losing Of course, that’s how it works. You don’t expect everybody to get profit from their investment; some people might lose while others will generate profit from their investment. So the only thing that is very important is to know where you are putting your hard-earned money and to be knowledgeable on how to secure your investment from loss.
sr. member
Activity: 532
Merit: 250
January 09, 2024, 02:33:53 PM
#23
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 dey very risky but bitcoin investment they come with less risk. The risk that you need to take and that can make you a good amount of profit na to invest in bitcoin. But if you wan gamble with your money and wan take bigger risk wey you no fit dey sure of the outcome na to invest in altcoins. Na true say many people don make money from crypto investments for altcoins but na calculated risk dem take achieve am, so if you no get dat mindset and good calculations no follow dem gamble because you go lose wella for the thing and e go make you hate on crypto.
hero member
Activity: 700
Merit: 577
January 09, 2024, 02:28:22 PM
#22
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.
When we talk about cryptocurrency, it is all the the coins in the ecosystem but if we specify then there are different projects and the only risk we have in the cryptocurrency ecosystem is the altcoins and not for Bitcoin because Bitcoin is already well known to all but the altcoins are not so the risk in altcoins are more. And for altcoins I don't have any trust in them because anything can happen at any time. Be careful with altcoins.
jr. member
Activity: 32
Merit: 1
January 09, 2024, 12:31:14 PM
#21
Most cryptocurrency investments are risky and you don't know the good ones to investment your money, I know that Bitcoin is better than every other cryptocurrency. I know that it is good to invest in it, when the price dump it will pump again, but some cryptocurrency will dump and will not pump again, this is the reason why Bitcoin is the best and it has no risk of your money being wasted as you are sure that price will rise and be better than before. I know that altcoins have risks and if you don't do careful research you can a lose investment.
sr. member
Activity: 224
Merit: 195
January 09, 2024, 12:13:20 PM
#20
But talking about the right time to invest into crypto currency, according to my research, it's seeems between the months of October/November and April/may are the best times to invest in crypto currencies, but does this timing stop it from  dropping prices , so as investors can buy at a lower price and make profits on a long run,  because with the right timing I think investors can take advantage of it and buy.
I don't consider using some specific months to detect when to invest, the market is not controlled in any form but depending on their demand and supply. For Bitcoin specifically the right time which we should have assumed of being most profitable to invest would have been during this festive season but everyone saw what happen earlier, instead of the price going down so more investors can come in rather it was even going higher, so you never can tell. Either you apply your DCAING or wait for the DIP.
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