Maybe the OP meant [no investment is 100% risk free] because I think that phrase is much more suitable for any type of investment. A safe investment is an investment that is not inherently against the regulation of the government where you live and bitcoin is generally a safe investment because only a minority of countries prohibit it.
Safe and risk-free may have different mean, but they can still be achieved with bitcoin if you don't think of it as an investment asset but as a savings for your future. In the long term bitcoin still has the potential to go higher, this has been proven over the last 10 years. However, because bitcoin is a very valuable currency, it is our duty to keep it safe from the cunning efforts of scammers.
Topic: No where is actually safe - page 9. (Read 1177 times)
I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market.
It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
I consider in a crypto market is a big ocean in which are there are small fish and the big fish, once when you at loss it means you have been eaten by a big fish which is commonly a whale. There is no actually safe in crypto, you have a good point about your friend and saved him/her from possible massive loss which is very common in newcomers in crypto. It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
The problem is people don't understand how crypto will work, they always have this thought of always making money in crypto.
I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market.
It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
Just right for us to be that sensible on whats happening around in the market on where we shouldnt really believe when it comes to those kind of approach and its true that if its easy to make profits or money into this market then everyone would really be diving into it.It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
You are good on telling it because people do really hook up to those people who do easily get fooled to believe that it does exist or actually works but you dont know that theres some intention behind those things.
Only you could actually save up yourself no matter what.
But the truth remains crypto investment is more difficult compared to manual businesses
How do you mean on this precisely. Are you saying here that real life businesses are free from risk? This is not true buddy because every aspect of our endeavour is risk oriented and that is why some days you profit and other days you lose. No man has profit every day or the same amount of profit every day but the amount of profit varies. Therefore, online business too has this kind of model what you need to do is avoid scam sites, learn more and research better. Life is a risky also but taking a better risk is better.To be perfectly honest, if you work 5 days a week, 9-5 everyday, rarely overtime, and earn enough to survive then even I would prefer that. However I know that type of job is not possible for me so I decided not to do anything about it and just focused myself to this life. What we are doing is riskier compared to salary earners, but it is also more profitable if you find it right. I can't say everyone does, there are plenty who lose money but at least it is possible to get rich this way.
I've got a friend that approached me if crypto is a good business. I've just told him, if it's easy then everyone are already into it. I've told him the truth that it's too risky for someone like him that has no enough knowledge about crypto and is conservative about the volatility of the market.
It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
It's not for everyone and us who got experience, we just know how to deal with the risk and the market every time it gets to dump because it's the most emotional moment whenever it happens.
That’s the wrong mindset that a lot of people are having these days: thinking that cryptocurrency is going to be the final solution to their problem. Sometimes when I talk to people about cryptocurrency, what they always ask me about is whether they are going to get rich when they start investing in cryptocurrency and how long it is going to take them to get rich.
Seriously, I don’t like when people keep asking that kind of question, because we all know that this was not what cryptocurrency is meant for, first of all it was meant for transactions, and simply for transactions. Although the fact that it is volatile change things in some kind of ways. But, people should stop having this kind of mindset that they will get rich immediately when they start using and investing in crypto. Getting rich takes hard work and patience, and of course luck can play its own part as well.
Seriously, I don’t like when people keep asking that kind of question, because we all know that this was not what cryptocurrency is meant for, first of all it was meant for transactions, and simply for transactions. Although the fact that it is volatile change things in some kind of ways. But, people should stop having this kind of mindset that they will get rich immediately when they start using and investing in crypto. Getting rich takes hard work and patience, and of course luck can play its own part as well.
sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories.
True, they don't know how they feel for those people that have been losing so many times because sometimes those successful traders not necessarily share their loss publicly everytime they lose. So, people who doesn't know yet about this situation will think that trading is just an easy way to earn money from the internet But in the reality, it's really difficult. Simple rule is, While you are making profits, it means someone has made a loss. It's how markets are. Not everybody is going to make profits. The smartest win while the dumb ones lose.
For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.
Exactly, many people never understand this fact because they think of the market as a faceless opponent, but the market is made of individuals that are looking for the same as us, so if we happen to win then that means that someone else is losing due to our more accurate predictions and actions, and if we happen to lose than that means that someone else is receiving the money that is leaving our account, it is that simple which means that the markets no matter what we do are always going to be extremely competitive and only a few will beat them consistently. For example the current bull run favours the smart ones who bought during the market. The dumb ones who are buying now due to FOMO might make losses should the market reverse for long periods of time.
Any type of investment has its risk and anything that is profitable isn't 100% safe. However, having enough knowledge in the risky world of crypto investment has an advantage for you will be able to know what's legit and what's not. Instability is one of the characteristics of cryptocurrency but holding reputable coins and investing with coins with a good foundation is an edge.
Crypto is very safe compare to other centralized currency. Obey crypto rules and regulations will help you to be more safe and remain in profit making. Many countries right now are seriously investing on crypto business because is more safe than their fiat money in the country.
Those crypto investors are more safe in my community than those fiat investors who are always afraid of robbers because many of them are use to fiat money in the societies.
Many government are doing everything possible to make crypto investors more secure in the community so that the country economy will start functioning and well safe to all users in the country. With this budget the government has include to give crypto users good and safe environment in my country will really improve the economy to her next level.
Those crypto investors are more safe in my community than those fiat investors who are always afraid of robbers because many of them are use to fiat money in the societies.
Many government are doing everything possible to make crypto investors more secure in the community so that the country economy will start functioning and well safe to all users in the country. With this budget the government has include to give crypto users good and safe environment in my country will really improve the economy to her next level.
therefore I do think its not exactly as stable as fiat but it's giving the best returns for most investors. Patience is a virtue in this business.
Cryptocurrency is not stable in terms of volatility but I think fiat too isn't stable because it price in global market fluctuates too either in a way that it is not noticeable. You know there is inflation affecting fiat more and that decreases the value of that fiat that it won't be able to purchase as much as it was purchasing years back even the US dollar or Pounds, Euro have not remained the same and purchasing same value years back. During the Brexit, the Euro Pounds suffered against US dollar and just recovering now, that is fluctuation but some don't know this. Cryptocurrency is volatile though because of its uncontrollable volume , fiat too gets fluctuated from time.
Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
I don't think that crypto investment is more difficult than running a business or investing in some businesses. The fact is that while it seems like cryptos are all over the place, only 2% of the population actually use them, so we are still at the early stage of adoption. Also, while I completely agree there is no 100% guarantee with cryptos, the same goes for any other investment and, historically, Bitcoin and Ethereum have been wonderful investments so far as long as you don't sell too early. So it's a relatively safe long-term investment (as far as investments can be safe). Of course, investing in altcoins is a different story, and you can lose a lot of money, so perhaps 'crypto investment' is not the best term to describe it since it's too general. I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
No one ever talks about relying just on crypto investments, people talk about crypto investments because at the end of the day the market is crumbling and the government itself is making very stupid decisions. Which does mean that sooner of later the value of the particular currency you are dealing with might go down, causing unrest and problems for the general public. That's when cryptocurrencies like bitcoins would come into play. People would be able to use them generally to have more options, they would also be able to explore financial freedom. No one stops you from encashing unlike most stocks where you are supposed to hold for a particular amount of time.. therefore I do think its not exactly as stable as fiat but it's giving the best returns for most investors. Patience is a virtue in this business.
Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
I think you have it the wrong way around. If a business is sustainable without any cryptocurrency involved then offering a new payment method is simply adding customers rather than overhauling the very foundations of their business. People who run businesses are normally entrepreneurial and will test out many different ways to make money, so they tend to be very experimental leading to more money. They'll also be more aware than the average person how difficult it can be to really make money so I doubt many will think crypto is somehow a golden goose that will instantly shower them with extra money. What I find interesting is how so many crypto buyers think they are somehow pioneers when many just jumped in when they saw the price going up and hoped to get rich off a continual rise with no wider thought process.
sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories. when they enter into investment and without sufficient knowledge, then things like that will be dangerous for them, because only then do they realize that investing in crypto is not as easy as they previously imagined
That happens with many people out there when they see their friends or family can earn much money from crypto. They are feeling excited to do the same thing as the other people without researching what they need to do before they start. Those people only hear the happiness story from the other without thinking how hard they can earn that money. It is why many people who do not learn much about crypto will fail in the middle of their journey without coming back and trying to make money.
sometimes people who join only see from the side of the benefits, without considering the risks, they look at people who have been successful before with fun stories. when they enter into investment and without sufficient knowledge, then things like that will be dangerous for them, because only then do they realize that investing in crypto is not as easy as they previously imagined
People who think will already know this, there's no safe haven because in investment there's no such thing as safe as everyday is always a different level of risk. Maybe if you're looking at bitcoin as a long-term then you're probably wrong about it not being a safe haven but in a short-term it's right and also it shouldn't discourage anyone to not invest in bitcoin because if you aim for the long-term, you will be rewarded more than you could've expected.
But the truth remains crypto investment is more difficult compared to manual businesses
How do you mean on this precisely. Are you saying here that real life businesses are free from risk? This is not true buddy because every aspect of our endeavour is risk oriented and that is why some days you profit and other days you lose. No man has profit every day or the same amount of profit every day but the amount of profit varies. Therefore, online business too has this kind of model what you need to do is avoid scam sites, learn more and research better. Life is a risky also but taking a better risk is better.
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I think the point here is to keep a balance between FOMO and Logic.
The increased social media coverage of crypto makes people feel the FOMO and that makes them buy some assets in crypto using their own assets. However it is completely a correct statement to say that no investment is a safehaven and in fact the term safe haven is inappopriate when it comes to asset classes. Research on what you are investing has importance that no investor understands till it is too late.
Therefore it is a wise choice to know where you stand, what your country is doing about crypto and how you can take advantage of that. It would not be wrong to collect crypto from different sources and keep them aside if in future your country becomes more lenient to crypto, you could sell them and get a profit then. But again for the time being, such a user should also invest in stocks, bonds, commodities and so on from the fiat markets as they wish and have expertise in.
It is important to have a backup plan for every risk taking. It provides both mental and financial calm.
The increased social media coverage of crypto makes people feel the FOMO and that makes them buy some assets in crypto using their own assets. However it is completely a correct statement to say that no investment is a safehaven and in fact the term safe haven is inappopriate when it comes to asset classes. Research on what you are investing has importance that no investor understands till it is too late.
Therefore it is a wise choice to know where you stand, what your country is doing about crypto and how you can take advantage of that. It would not be wrong to collect crypto from different sources and keep them aside if in future your country becomes more lenient to crypto, you could sell them and get a profit then. But again for the time being, such a user should also invest in stocks, bonds, commodities and so on from the fiat markets as they wish and have expertise in.
It is important to have a backup plan for every risk taking. It provides both mental and financial calm.
Crypto requires a lot of time and knowledge. I know some safe ways how to make money on crypto. First of all, staking and yield farming on reliable platforms, just passive incomes. Secondly, holding mainstream currencies, passive income again. But if you don't have a big capital to invest a lot, there are some more dynamic activities such as ambassador programs and keeping nodes.
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