Topic: Is Investing into crypto really safe? (Read 867 times)

Investing in crypto is safe because it’s decentralized,
 Transparency, security features, global access, diversification and technology innovation.

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.

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.

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.

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.

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.

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.

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.

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.

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

I like the fact that you said it all without been bias, like some people who only would say the benefit of the subject matter, but even as at that I would love to add to what you have already played on, cryptocurrency investments been risky is just like every other business that also suffer from high chance of profit and loss, but where I feel most individuals get it wrong especially most of our Nigerian brothers and sisters is that they fail to do proper market analysis before they jump into it, most of them just want quick money and they are usually filled with greed and pride.


So when they hear about a business model they just want to heavily throw all of there money into it without understanding what it is all about and at the end of the day they start complaining that it's a scam or the system doesn't actually work, i just wish people go through things before they engage on them.

The first investment one should think of before acquiring cryptocurrency is knowledge.  You can do without knowledge when dealing with cryptocurrency,  knowledge will determine if you are in the right investment or the wrong one. I think people what people needs most I crypto is knowledge,  the lack of knowledge has really made so many beginners to lose their money just because of too much desperation of making money quick from the Market.

E dey good to know say crypto currency investment get risk, because lots of different risks dey associated to this kind of investment, crypto currencies dey very up and down, e dey make people wey dey invest dem money for crypto, dey vulnerable to losses,  but some people no dey reason am, dem dey invest heavily, and some people don cash out, and some other people don lose money, if person wan invest money for crypto, e dey better make dem know wetin dey at stake, and manage the risk properly

Purchasing cryptocurrency requires extensive knowledge, so proceed with caution; investing without this knowledge will put your money at serious risk. You must adopt distinct investment methods and certain investment times. Your investment will be riskier if you are unable to purchase the proper currency at the right moment. Thus, your investment method will determine how much risk you assume. There is increased danger when making short-term cryptocurrency investments. Thus, you have to make long-term investments. Furthermore, investing in cryptocurrency requires taking a risk. Investing in cryptocurrency requires accepting risks. Thus, you must make cryptocurrency investments.

The most important thing to do an investor is to have a good knowledge of crypto in general and be very conversant with the particular coin you are investing in, no matter how risky a commodity is, your first approach determines your continues existence in such investment, you don't just wake up and see a coin, then decide to invest immediately without make thorough research about that coin, the crypto market is different from our usual goods, you have to study the potential profit attached to any coin before investing, the fact is at this point crypto market is not understand so investing in new projects without a good information about them will amount to high risk.

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

Tell me any business or investment without risk I will mention thousand of risky investment, all investment is full of risk just that investor apply wisdom and and trying to be smart because it's the high the risk the bigger the profit gain that's just the simple truth about risky investment. It takes men with lion heart to take risk. Have known that it's more risky not to take a risk. The only thing required in this crypto investment is to apply wisdom and be smart study the market and I've wisely.

Did I hear you say safe? You no go fit call shitcoin or memecoin investment safe, even Bitcoin investment is not entirely safe, you still need to get knowledge about the market, you need to know when to buy (bear season) and when to sell (bull season). Nothing dey certain with crypto, you fit burn or moon, na hyn make e dey advisable to do due diligence before you invest in any project and always invest wetin you no go fit afford to lose.

   Investing in crypto is one of the best thing and safe business you can ever reason because cryptocurency is able to produce profit, the market has expanded very well,the price is very volatile with any ups and downs, transparent and accessible, decentralized ,diversify, cost efficient, transactional speed, safe and secured. Yes it's able to save with crypto and most pleasing method of saving money. 

Cryptocurrency investment can come with risks, just like any other form of investment oh.. carrying out thorough research , understanding the market dynamics and most of all taking cautionary measures against potential scammers are all things you should look out for. Many people have found success in cryptocurrency investments with proper knowledge and caution .. Just try your best to invest what you can afford to lose and also diversify your portfolio … you’d be a stone-throw away from making progress

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.

Investing in crypto is not without risk, and there is no guarantee that you will make money. Cryptocurrencies are highly volatile, and their prices can fluctuate rapidly. In addition, there is always the risk of fraud or theft, as the crypto market is still relatively unregulated. That being said, many people have made money by investing in crypto, and some believe that it is a good way to diversify your portfolio and hedge against inflation. So, whether or not investing in crypto is safe really depends on your own risk tolerance and investment goals. It is important to do your research and understand the risks before investing in any asset,...

Another important consideration when investing in crypto is regulation. Because the crypto market is still largely unregulated, there is a higher risk of scams and fraudulent activity. Make sure to do your research on any company or exchange you are considering investing with, and only use reputable sources for your information. Finally, it is important to remember that crypto is a highly speculative investment, and the value of your holdings can go up or down very quickly. It is not advisable to invest more than you can afford to lose, and you should be prepared for volatility. Even if you do your research and invest responsibly, there is still a risk that you could lose money.
 you should make sure that you understand the technology behind it, as well as the various platforms and exchanges where you can buy and sell crypto. You should also be aware of the different types of crypto, such as Bitcoin, Ethereum, and Litecoin, and understand the risks and benefits of each. In addition, it is important to have a solid financial plan in place before investing in any asset. This includes having an emergency fund and a diversified portfolio. Investing in crypto should be seen as a long-term investment, and you should only invest what you can afford to lose.

Of course crypto investment is safe when you know what you are doing and when you don’t just invest in it without any knowledge or rather i should say the risk is minimal with knowledge. Most of us wey de invest is already aware of the risks associated with it but we don’t mind because we are cool with it and we understand how  e de be na why we no de reason am and still there are few who don’t understand it because they lack basic knowledge about it. Investing in cryptocurrencies requires two things if you want to minimize your risk and losses;

• Investing in the right coins.
  
• Investing at the right time.
  

These are the first things an investor should consider when investing in cryptocurrencies, knowing the right coin to invest is essential so you don’t end up investing in fake tokens or shitcoins and to succeed at this proper research need to be done to identify legitimate coins to invest and also knowing the right time to invest is crucial as well to minimize risk.

Since bitcoin naturally carries less risk and is more reliable due to its ability to control and affect the price movement of other coins, I urge all investors to think about investing in bitcoin before considering any other coin.

Yeah the truth is that there are so many risk associated with trading and also no matter how knowledgeable someone could be in times of trading it can never be a guarantee that you will not make lost but however most people that normally fall victim of trading are those who doesn't understand the possible risk involved but all they see is nothing but a chance to make money through trading and at last they end up losing there money.

Actually we no that in life is full of risk and the business or investment we venture into also involves risk but however there are risk that's actually not worth taking if you don't really understand much about the investment, for example we no that crypto trading can be very profiting and at the time very risky and however for you start trading is only when you understand the fundamental and technical analysis of the market to have an understanding of the market structure and perhaps even after knowing or understanding those analysis there is still chance of you losing money through the trading.

The way I see am nothing wey no get risk for this life and moreover before you go wan invest for crypto you supposed don know the actual coins wey you wan put your money. Dem get like over 1k coins for the market and some of this coins dem na rubbish and na these ones go make you throw away money because like you talk dem dey dum anytime and also e fit pump anytime too nai make e dey advisable to go with coin like Bitcoin wey get strong reputation and better chance of having better profit for the investment.

Crypto has several advantages for both users and investors , BTC and ETH are becoming more mainstream people buy crypto currencies like Bitcoin and Ether because they actually believe their values will appreciate over time,Many crypto experts argue that cryptocurrencies like Bitcoin and Ethereum may serve as a hedge against inflation. Which gives the user or investor an insurance, if one can hold Bitcoin and want to hedge against price depreciation, that means a short (sell) position on the Bitcoin.

Investment in cryptocurrency is risky, Therefore to save yourself from being screwed, you should any investment mistake occurs, because there is some percentage chance that you may invest in the wrong coin even after doing your research, and Luna is a typical example of it ,you should not invest in cryptocurrency with the money you can't afford to lose, that should be the very thing that you should first consider before you think of coming to invest. Try as much as possible to invest on cryptos that has utility case.

Investing in cryptocurrency is a relatively new and emerging market, and as such, there are some risks associated with it. While it is possible to make money investing in cryptocurrency, there is also the risk of losing money. Cryptocurrency is highly volatile, and the price can fluctuate rapidly. Additionally, there is a risk of fraud and scams, as well as regulatory uncertainty. That being said, there are also opportunities for potential growth and profit in the cryptocurrency market. So whether or not it is "safe" depends on the individual's risk tolerance and investment goals. For some, the potential rewards may outweigh the risks,..

prefer to invest in more traditional assets. It's important to understand the risks and potential rewards of investing in cryptocurrency before making any decisions. Additionally, investors should diversify their portfolios and not put all of their eggs in one basket. It's also important to stay informed and follow the news about the cryptocurrency market, as it can change rapidly. And finally, it's always a good idea to consult with a financial advisor before making any investment decisions. While investing in cryptocurrency may not be "safe" in the traditional sense, there are ways to mitigate the risks and potentially benefit from this emerging market.

When we are talking about cryptocurrency, it's a general term that constitutes all other digital currencies and am sure we may not want to recognize some as currency because they are just a piece of trash or shitcoins, but where to begin with is in the identification of bitcoin as the most recognized digital currency, which we can safely invest and have no fear about what may comes in after, if we don't make research about knowing what to do first, we may ended up wasting time on what is not necessary for us in cryptocurrency.

If na only me, investment for crypto(Bitcoin) better pass when I go carry my money keep for bank or hide am for one safe make e dey devalue dey go. By 2025 we nor no wattin to expect for the price of our fiat again, but at least Bitcoin dey increase small small, slow and stead wins the race. Though e dey risky, but e get some risk wey dey worth trying, and Bitcoin investment na one of those risk wey I no go even want my enemy to miss because e go later come thank me for the update. But I no dey advise anybody make Dem go buy altcoin oo, because na for there many scams for this crypto dey. Especially for the trending coin now, which is meme coin. No body deceive you because them dey do airdrop, scam airdrops sef don many well well for all those altcoins. My brother make una shine una eye oo, study well before you buy any coin.

Bitcoin apart from being risky, e dey very easy and no stress, I even prefer Investing in BTC pass most businesses we dey do for offline, because those offline businesses require Ur time , energy and strength, you gats they commot go monitor the business, but for BTC you just need Ur phone, power bank , data and light, you fit monitor am from the comfort of Ur house or anywhere you prefer,  every business dey risky, Na just to take responsibility of your risk,

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

I don't believe they will get anycoin that is save to invest more than bitcoin because he will minimize your loss but is also a risk because they don't have any coins that are not risk that is why if you want to start your investment journey on crypto you need to keep in mind that you are taking risk and you won't say you will get all your money back because the price is volatile. Change can occur at any time, which is why they want someone to invest for the long term to profit because that is where you can be lucrative in bitcoin, Except you want to trade since it is the only way to make a rapid profit and is also the most dangerous than investment, since in trading if you don't grasp the strategy  you will never succeed on it, you will lose money at any point because you don't know what you're doing, which is why some investors prefer to invest for the long term rather than trade because in minimize there risk.

Have you ever asked any investor why they choose to invest in other crypto and forgetting about bitcoin or probably they just want a short term investment, crypto investment is risky and a lot of people have fell to this trap of new tokens without potentials, even if crypto investment is said to be risky not all crypto investment serve as a risky investment, if you choose to invest I will advice you know the kind of coin you want to buy and sometimes coins like this will not profit in long term investment, as an investor you should be smart when choosing any coin, taking risk is not the problem cause you should be ready to take risk when talking about investment.

Everything we do has the tendency of either yielding positive result or not. It is the ability to make the decision responsibly regardless of the huddles that comes with it that makes the difference.

Crypto has it associated risk ranging from it volatile nature to the security angle that makes a stolen or lost crypto asset irrecoverable and this is why it is necessary that before one invest into crypto, one should get the basic knowledge that will better protect him against this loses.
 If you always fix your eyes on the disadvantages associated with a thing more than it advantages, you would not be able to make good decisions that will propel you forward financially and so the take here should be that you know the risk associated with crypto investment, device means to overcome them and then invest responsibly.

There is no investment without risk. Bitcoin investment is risky and at the same time it gives good profit if you can be patient with your investment. The problem most newbies have is that they tend yo think that bitcoin investment is a get rich quick scheme and for that they invest in a short term investment which has the highest risk. Sometimes newbies even go as far a taking loan in invest on bitcoin or they use the money that they want to for something important, and if the market dips below their entry point, they panic and sell at run at loss.

The best way to invest in bitcoin is to buy at the dip and hodli for a long term like 4yrs and more, as this will reduce the risk of bitcoin volatile nature because by the time you plan to sell after 4yrs circle, you will definitely be in profit. When investing it bitcoin it is good that you start first with only the amount that you can afford to lose and DCA regularly, either monthly or weekly. You cannot buy bitcoin today and expect it to give you millions the next day, there is no investment like that only ponzi scheme.

when a farmer wants to make profit from farming, he starts by planting and watering, and allowing the crop to grow for some period of time when it is ready to harvest. This is joq bitcoin investment is too, but the difference is that bitcoin circle is four years and longer than that of farming. This is why patience and sacrifice is what is needed to reap from your bitcoin investment to avoid loss.

If you have not invested it is better to invest now because bitcoin is still at a good price to buy.

There are risky in almost all markets even in government bonds. Although in government bonds, the risks are minimized by the government issuing the bonds. Even the stock market which is one of the most popular market have plenty of risks. Risks dey everywhere. You just have to pick your own risks and apply it.

Risk management strategies like DCA and others also help to offset some of those risks.

I used to be a risk taker in the early days with ICO investments — I'm not that much of a risk taker anymore but I'm getting back in the game but by bit.
Here's a popular quote about risks that my friends quote a lot.

Whenever you are taking  risks, always know that you only will be responsible for any consequences brought up later, so before you even try Investment at all especially in crypto make sure you have a good knowledge on what you are investing  on.
Confused and Afraid on what to choose as your choice Investment   Consider holding Bitcoin for a long period  while you earn profit nad you feel like investing decent amount  now is the time

Life is all about risk so investing in bitcoin na one of them. One important thing about bitcoin or crypto na the higher volatility Naim make am more important than other form of investment. Other investment like ponzy scheme go come and go but bitcoin remain thesame. Sometimes the business wey you go invest on fit fall because of no proper management but with bitcoin investment you no need to stress your self because e go dey compound profit for You as bullrun dey come. The best investment na investing on something wey get volatility. Even if volatility be like paper wey dey for air wey breez fit carry am go anywhere, e still better pass to dey stagnant. Because who dey one place wey no dey grow no dey get joy. So investing on bitcoin go give you the hope or opportunity to make profit through higher volatility  

If you want to invest in a reliable crytop currency that doesn't posses the potentialities to profer you nightmares, then you must Invest in Bitcoin and not the AltCoins. Bitcoin has a potential volatility which doesn't posses the abilities run your investment to zero level rather it has a volatile potentials as Pros and Cons which just requires your demands of time and patient to explore in your Bitcoin investment but AltCoins has you no pitty, no remorse and doesn't consider your investment a prior of making profits.

Dat is why den dey always tell us not to invest Wetin u no go afford to lose in BTC investment because, once u agree to join d investment, no say d Market price fit go up through out d year for people wey hodl till dat time to sell to make money, but don't forget say bear run fit occur through out d year dat will mak people not to sell than to continue hodling to avoid lost. Dat is why u need to think wise before making your decision in any investment because, if u make new project your choice, you can experience losses from the investment  but if u make old projects your choice, you will surely earn something dat will give u d boldness to invest another day.

Op you sound like person wey dey talk about about forex instead of crypto. Na true oo say e dey risky to invest for crypto, but your statement dey over hype the risk. I see crypto very risky for those people wey nor do better study before Dem start to dey invest for crypto currency, as it stands if you invest for Bitcoin, you no go dey worry about much risk unlike when you invest for other altcoins. Even though say you never know anything  about crypto you fit get guide to invest for Bitcoin and you'll be just fine. I been dey even expect to see things like seed phrase join the risk wey you dey talk about but you no put am. The volatility wey you talk about naim be one of the reason why crypto dey good to invest in, unlike some stable coin wey no too dey volatile you fit no even get 1 single profit or loss for one month. But Bitcoin or other altcoins fit give you either loss or win. But Bitcoin specifically, if you hold am for long period of time, I bet you say you no go regret.

Na true, cryptocurrency investment de very risy depending on the coin wey you de talk about, if na all dis hyped new projects dem, most na scam dem be, if you want invest in dem, make you know say you de gamble your money, because some go fit to give you many times your investment as profit in a short time, but e fit to dump and become worthless at anytime.

But investment for Bitcoin na im sure pass, if you buy am at di right time, when di price dip, na to hold am until price pump or you wait till bull run and you go get better ROI, e no be like all dos shitcoins wey go waste all your investment money finish. Also some beta top altcoins de wey de reputable like Bitcoin, but you need to carry out research before you buy any altcoins.

No go area na im be crypto trading, weda na Bitcoin or altcoins, you must learn am first, to minimize loses.

Normally every investment na risk. In fact, even life itself na risk because if you sleep there's no guarantee you go wake up. So the risk aspect no be something wey go scare person again as long as you know what you are doing and able to manage it well. From my understanding of your post, e be like say na trading you dey about because na the most risky category of crypto be that wey go make you lose money within a blink of eye.

If you invest in Bitcoin with reasonable amount wey you go fit lose, for sure your money go dey fluctuate up and down but if you go exercise patience and keep accumulating for a long period of time, you go definitely make a profit out of it. The reason some people dey shout about risky aspect of crypto na because some of them invest for coins wey no get future but they still invest maybe because of hype. Not taking risk is too risky on its own but you need to access your risk tolerance before you think of any investment and remember say crypto no be get rich quick scheme, na with patience people dey grind for crypto space.

If that's the case, every investment has risks attached to it and for people that are investment friendly and businesspeople, there is an associated risk with it and that's why risk management is one key aspect that we must learn as people who are interested in joining business.

If you understand this, it becomes more easier for you to invest in cryptocurrencies and have a peace of mind. When there is a bull run or bear, you will be able to manage the issues and control your losses. Being very ambitious is one thing that kills businesses easily likewise is greediness.

This your statement risk responsibly na true and I understand am. Because e better make we risk on better thing than risking on something wey no possible to gain like altcoins wey no get future. The only responsible risk na bitcoin investment.

Then about cryptocurrency being a risky kind of investment na true just like the way you talk about responsible risk. I think investing in bitcoin is the most profitable risk. E better to invest in bitcoin than some gambling wey people dey stake heavily and loose at the end of the day. One thing wey make me like cryptocurrency investment be say your money no dey go final like gambling wey you go play game and If e cut e don go. but for bitcoin, If the price drop your money go drop and if e rise, your money go also rise. So risk is worth taking when you know your destination. Just like knowing Your end from the beginning.

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 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.

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.