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Topic: Risks will be useless if anyone can see tomorrow (Read 5460 times)

member
Activity: 1274
Merit: 14
September 06, 2019, 02:11:24 PM
#94
Having the opportunity to choose an exchange from a larger number of applicants for trading is much preferable. The choice only has to be justified, not spontaneous. As with any issue, everything needs to be well thought out so as not to become a victim of fraud. But almost always preferable are those who have already established themselves and not newcomers to the market.
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member
Activity: 350
Merit: 10
HiveNet - Distributed Cloud Computing
Exactly. That's it. Risks will be useless if anyone of us can see tomorrow. Cryptocurrency business is a very lucrative business but involves  risks. Without risks, you can't enjoy the benefits.
jr. member
Activity: 280
Merit: 2
If there are no risks there will be no losers or winners in any business, neither will there be any profits because consumers will also wait to purchase at cheaper rates. Logically, If everyone knows tomorrow then there will be no point in life.

For sure it will be useless, and thats why people are making money on losers. Crypto has much potential, but it contains a high level of risks, and if you are ready to take those risks, get into boat and let enjoy the ride.
member
Activity: 742
Merit: 16
Since everyone keeps complaining about new exchanges getting released into crypto space i want you to know that not all these exchanges are going to be bad,many are scam exchanges and few are just here to just be a spare exchange like other exchanges we have already but

What will happen if we never knew any exchange called binance?

What if binance exchange is just getting launched into crypto space in 2019?

No one will know how good binance is going to be unless they take the risks

the fact is there is no way to know,dont get me wrong,what i meant is we shouldn't take our eye off new projects either coins,tokens or exchange projects,do research and take your shots,who knows what will happen tomorrow? NO ONE.



the OP's Theme : "Risks will be useless if anyone can see tomorrow"
the OP's Conclusion : "NO ONE knows what will happen tomorrow"
so,,
does it mean risks will be useful ?!?  Grin Grin Grin Grin  ( *my mind's laughing )
I would say yess,  Grin
all businesses, especially Cryptos, have risks. Business without risk is nonesense. that's why doing business would always be better when trust is involved. and about trust, time is the tester for it, that's why Binance be a name you kept mentioning.  Wink
What are you saying? doing something without knowing what the outcome will be is called risk,if everyone knows what will happen tomorrow there will never be anything called risks,either good result or bad result you won't know until you do your thing and wait for result. I understand what OP means,you need to think deeply
full member
Activity: 925
Merit: 100
Yes, no one knows what will happen tomorrow, but we can secure ourselves against the challenges or issues tomorrow might posses. Talking about exchanges, how many new exchanges are worthwhile now? How many can brag of offering their users good and effective services? When most upcoming exchanges compare themselves to Binance it baffles me, because most can't even come up with a genuine business model which will make them outstanding. Yes, it's true Binance didn't grow in one day, but they followed their roadmap, how many are willing to? I think I find it good investing in upcoming projects which aren't exchanges as they have proven to be better.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
You are right but your last paragraph said it all. Since there is no way to ascertain how wonderful an upcoming project will be it's better to take the risk. But it is  very important to make adequate research about any project before getting involved, the Binance you used as an example, the team showed various signs of seriousness, didn't relent and was developing their platform until the beat Bittrex and gained massive attention. Nowadays, most upcoming exchanges can't even showcase a manageable website nor offer services which will make them unique and different from others. While others once gotten the neccessary funds, comes up with different excuses.
member
Activity: 535
Merit: 33
here we go
Yes indeed no one knows what will happen in the future, such as crypto prices. But for a project, we can see and determine development of the project going forward, (looking at the team, road map, current developments, and several other reviews). If Binance is planned to be born this year, if they are serious and have planned, they can also compete, but not in a short time.
full member
Activity: 1260
Merit: 100
Since everyone keeps complaining about new exchanges getting released into crypto space i want you to know that not all these exchanges are going to be bad,many are scam exchanges and few are just here to just be a spare exchange like other exchanges we have already but

What will happen if we never knew any exchange called binance?

What if binance exchange is just getting launched into crypto space in 2019?

No one will know how good binance is going to be unless they take the risks

the fact is there is no way to know,dont get me wrong,what i meant is we shouldn't take our eye off new projects either coins,tokens or exchange projects,do research and take your shots,who knows what will happen tomorrow? NO ONE.



It would not be a risk, if we could see whats going on in the future.
There is always a risk when we investing on something, because we don't know 100% our investment will generating profit.
But we can minimize our risk by only investing on trusted project, such as IEO on trusted exchange.
full member
Activity: 770
Merit: 113
That is why the cryptocurrency is full of unthinkable and unpredictable things. Good analysis from experts is sometimes inferior to market fluctuations that are so fast. We must understand that cryptocurrency is full of risk, if we are afraid then we will not get anything, if we are brave and choose a path that can minimize risk then we will get a good opportunity to earn money. Is not it?
member
Activity: 476
Merit: 10
I think all the people who came to crypto are at risk to some extent. And I think that they don't regret it, and who considered this area a very risky one for a long time left.
legendary
Activity: 1722
Merit: 1014
Each new project here, on crypto market is good for us. New projects appearing enhances the hype around crypto and much more people are getting involved here. And that makes coins pumping easier Smiley
jr. member
Activity: 397
Merit: 1
The point is that if you don't dare to take risks, of course you will never know things you didn't know before, sometimes the risk is beneficial, but it doesn't happen to someone who is weak. Well, if you ever make a mistake in this market you will get a valuable lesson from that mistake.
sr. member
Activity: 859
Merit: 251
Not only will risks be useless if anyone can see tomorrow, anyone or everyone can be rich just by knowing what will happen. What stocks to buy. Which will be Google's successor in search engines, etc.
full member
Activity: 952
Merit: 104
We will know an good exchange will emerge when its going to be doing good.

But no matter what it always going to end up an DYOR.  I tell what is going to happen in the future because we have been here long enough  to know that those scam projects will still be SCAM. It won't change at all. It comes and go. Until there is no regularization and we support the scam by promoting them, they'd be part of crypto. SCAMbusters and paranoid users who will accuse new projects will also be here as always.



Unfortunately that is one of the risk investing in the newcomer exchange, but if they want to know all about it just learn and invest small amount for the trial for this legality and it works as friendly easy to use in trading most specially have low tf.
sr. member
Activity: 1414
Merit: 252
Keep it Simple guys :)
If there are no risks there will be no losers or winners in any business, neither will there be any profits because consumers will also wait to purchase at cheaper rates. Logically, If everyone knows tomorrow then there will be no point in life.

nice words and i agree with you
risk will always come and become a part on crypto investments,,
regards
copper member
Activity: 322
Merit: 8
There are too many cryptocurrency exchanges. I agree that having many exchanges will drive up competition for better and affordable services to users but it comes at a cost because the trading volume of most of the exchanges are lower since people are divided on the exchanges they use
jr. member
Activity: 152
Merit: 1
If there are no risks there will be no losers or winners in any business, neither will there be any profits because consumers will also wait to purchase at cheaper rates. Logically, If everyone knows tomorrow then there will be no point in life.
hero member
Activity: 1400
Merit: 674
it's the same as bitcoin and other top coins, what if they were born in 2019? will it only be shitcoin?

many complain about the number of new coins but new ones do not mean bad because in reality age is not a guarantee, just look at many old coins that remain bad coins and many new coins that are able to take a price on the market, basically, good things will still be good although still new
copper member
Activity: 350
Merit: 1
If everyone can see the future, I guess there may not be any word like risk since everyone has the opportunity to forsee and take necessary precautions to avoid issues. The Cryptocurrency industry may not be buoyant like it is now and there would be fewer projects and pressure.
hero member
Activity: 2660
Merit: 587
There has no accurate future for Binance. You thought is right, no problem for new exchange. As news more user increased, now need more exchange.
Yep you’re right about that, there are times it will reach and an exchange won’t be able to contain the activities and the number of people that are on the site, they either have to upgrade or if they keep on like that, then people will have to look for another exchanges that is good. Though one thing I don’t like about new exchanges is the fact that they usually fake their volume and doing that means that they are not sincere. It’s hard to find a new exchange that is reliable on a hundred percent.

Every investment has its own risk involving but we can blame newly released exchange which the crypto business is broad and I don't see any problem in having new exchanges getting released into the crypto market simultaneously.
This is the reason, we must risk only what we can afford on losing and also we must follow diversification rules. This way we may reduce the percentage of risk factor and still we cannot eliminate the risks absolutely.
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