Topic: No where is actually safe - page 7. (Read 1177 times)

To me it depends on which field in crypto space you choose, there are ways to win without losing your money for example buying good coins before they become popular through launchpads, every business has their risks and disadvantages but newbies just need to learn the risk factors and rules, almost all tokens I invested money on this year gave me 3x and higher

Why do you say so? The truth is that neither is guaranteed when you invest in the well established coins. Some people would say that profit is guaranteed in the long run, but I think we can't be sure about that. However, saying that because of the market volatility you are guaranteed to lose is a bit strange thing to say. High market volatility may cause loss of your investment, so don't invest more than you can afford to lose, but, on the other hand, it can help you to gain big profits.

It's risky, no doubt.
That's why I think most of the people who get into crypto are either the fooled or the courageous types who take the leap where they want to put their money in.
It is not a safe haven unless you do your job in protecting your money. No financial advisors, no managers, you are on your own.
There is no bank anymore that can insure you, you lost it, your fault.

There isn't really a hundred percent safe place for you to store your assets that could guarantee you a huge profit in a short span of time. Everything takes time. An investment needs time to mature may it be in crypto or other investment vehicles. If someone offers you easy and big return of investment in a snap, probably it is a form of scam. Do not be fooled because there's no such thing as that right now, most especially that we are in the middle of a crisis. Having a profit in investment is not an overnight process. If you want to invest your hard-earned money in crypto, then expect your money to generate profit after several years. If you want a fast profit, then do trading or scalping. Go for the short-term if you want to see your money gaining instantly. Or you could do both if you have the means. That way, you will see how long and what it takes to make money both passively and aggressively.

If you want more than what I mentioned to secure your future, then you can opt to invest in other investments as well that are trusted and reputable. You can also try to put up some sort of business if that's your thing. Or you could hustle using your passion while doing crypto to have other money-making alternatives. You see, we have to have many streams of income to be financially independent someday. Sticking into one income-generating source won't guarantee us to be financially stable in the future.

if you have the will to learn, you can educate yourself on what is right and wrong. definitely, crypto is not a safe haven for your investments. in every investments, there's risk involved. and with the volatility feature in most cryptocurrencies, this is one of the aspects that make it attractive to traders or users.
if you are not sure what you're getting into, better not to spend your hard earned savings, because more then likely you will only lose in the process. if you want a lil bit of insurance with your money, better invest in tangible investments like real estate or precious metals. but if you are a risk taker, you can always explore the world of crypto

Indeed, we may find it difficult if we don't have exact knowledge towards cryptocurrency and other virtual currencies. Seeking safety for our finances would be so hard but with strong motivation and courage everything will be easy and smooth. Overcoming scams needs our verification before trusting unknown platforms that aggressively taking advantage with our efforts and hardwork.

There is a saying from scammers "I have never scammed anyone who didn't want to scam me" and that's true for most cases. If you are looking to scam people and you found someone who believes that they could get something very valuable from you for very cheap, they are trying to scam you as well. Why would you be able to pay 1k dollars to someone and get 100 dollars each month forever? That's a very believable scam because the amount is low and yet people still fall for it.

All in all I have to say there are some cases of scamming that was deservedly done, I know I should not be victim shaming, but it is not like stealing money from old lady situation, we are talking about young and smart people who got too greedy and went into risky stuff just because they wanted to get rich quick and ended up getting scammed, that's a bit of their fault as well isn't it?

And that is because people want to feel that they are doing something to improve their situation, it is very common that after a tragedy happens there are calls for the government to do something and the government does, but many times they make things worse by their actions than if they did nothing, however if the government did nothing then people will complain about the inaction, people see inaction by nature as laziness when many times that inaction is the best thing you can do, and this is the case when you are holding your bitcoin, once you buy there is not much else to do except to keep it, but many people cannot simply accept this and decide to become traders only to lose their investment to other more talented traders.

Everyone want's to make money! We are all driven by the interest to earn or make a profit by investing if we have what to invest... and of course, nothing is without risk, turn it upside down we always risk something in order to get something! Crypto or anything else it's almost the same in my opinion, the better we are doing something more money we can make, nobody will keep us safe we have to do that wherever we are! So nowhere is safe, we need to learn how to walk before we start running! And when we start running we need to be even more careful than we were, and pay more attention to the things around us!

May I ask what they are driven by if not their interest to earn or profit by it? of course, the majority of people in crypto are driven by the interest to earn quick profit, it will be better if people can learn a bit before diving in, but many invest before learning which is not very wise since the person will miss much vital information on how the whole market operates as well as hoe to be safe in this space.

I understand that most of the people joining crypto are hardly driven by their interest to earn or profit from it due to its growing value. They may think its easy but surely not. It is not safe, its risky. Its better to learn before getting in and hopefully not in a hurry to skip and earn. You might end up losing what you've worked hard for.

All types of investments have associated risks. You are not 100% sure that you will become successful in your every investment because there is always a losses. But of course if you have enough knowledge about your investment, you can handle it with cautious to gain profit and avoid losses either in crypto or other type of investment.

that is the reality that is happening around us. on the other hand, many of them feel proud and smart as if they can predict prices even though they don't have enough knowledge. confidently they invest and in the near term will get doubled returns, until a bullrun occurs they are still optimistic that prices will soar, but the reality of the market is different, and finally a panic sell occurs

I agree with basically everything you’re saying here and the truth is bitcoin and bitcoin and other cryptocurrencies shouldn’t be your entire portfolio anyhow. It’s important to have a diversified portfolio and maybe make cryptocurrency part of it only if it fits (meaning you can afford to take on its risks).

My friend once told me, "it will only become difficult if you don't know how to play them". And I agree to him.

Crypto investment is so difficult because we don't truly know how to play it. Its just that, most of us assumed that we know how to play this but actually we don't. So why? I think it is because we lack knowledge. There's a lot of technical things in crypto investment and not just throwing money anywhere where hype exist.

And you know what, you're right there is no safe place here in crypto and even outside crypto. There will always be a risk either crypto investment or not. But we can limit the chances of us losing money if we equipped ourselves with the right knowledge on whatever it is we are involve.

One thing that really guarantees you in the world of crypto and blockchain is by losing money due to market volatility. We are not guaranteed to profit, but losing is guaranteed. It’s the reality nowadays. In order for you to be a winner, you have to decide and trade smart and not just harder. But still no matter how smart you are, there are no astronomical guaranteed returns or promises because of the unpredictable movement of the cryptocurrency market.

Not an easy thing to the extent that there are so many competitor in the industry that's why this should never be comparable to crypto investment since for me this is different criteria knowing that both of them have different risk. Although there's a high chance for us to earn huge on crypto but we can't deny that the risk to lose is so huge also. While in our business we can solve the problem if there is and we can scout to see the demand in certain areas and improve what we built.

Diving into cryptocurrency is one the best thing that happened in my life and I agree that nothing in this crypto world is safe even with bitcoin itself, but before that we must know that everything you invest you should know that you can lose everything that you invested. There's lots of people already adopt bitcoin as their payment and not a little too someone who wants to crush it with their power.

It is to say that many people got stupid and this implies that people are too greedy. Then, they lose and make blame others, not themselves.

Well, I hope that everyone knows about it and clearly understands what is "risky" means.
Coz majority that is investing in crypto now have no knowledge. They mostly just brag and get influenced by others talking and showing money out from crypto. They might be telling the truth but they also send people to lose their money.

But same as crypto, manual businesses you are talking is also not an easy thing, I have my small business in my location and comparing this two, crypto investment is much easier and faster to earn than offline business. In business you need a capital and a lot of hardwork to become successful, you really need to manage things differently. The only strategy I saw to invest in crypto successfully is when the market is like -50% or even higher and then hodl for some years  for a long term investment. For everyone not to lose money in crypto you need to be really wise and have patience.