The Risks and Rewards of Cryptocurrencies - page 3.

TitanGEL

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Quote from: abhiseshakana on November 23, 2019, 06:02:16 AM

Quote from: crossabdd on November 23, 2019, 01:31:14 AM

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

It seems you have chosen the wrong word "financial freedom". There is no correlation with your exact explanation that might be the freedom and efficiency of transactions using cryptocurrency.

Financial freedom is a condition where a person reaches quite a lot of savings and is relatively safe, and the results meet his needs to live the desired lifestyle. Financial freedom can also be defined as a phase when we are in peace and the choice not to work anymore for money, because money is working for us (passive income). What is meant by passive income here is money that goes in without us having to work. while active income is income earned from working and then paid or earned wages and if it does not work will not get income.

The essence of financial freedom is that your passive income each month can meet your monthly expenses. For example, spending per month is USD 1000, then you are financially free if your passive income every month is USD 1000 or more.

Financial freedom can only be achieved through passive income, ie income earned outside of work that can support you, with enough passive income, you can be financially free for life even if you resign from your job.

Financial freedom is not just about having a lot of money it is about how you manage your money, there are many financial illiterate in my country and they do not know how they will manage their money if they have high paying jobs and that's why they keep experiencing financial problem.

juperos

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Quote from: Wallflower28 on July 03, 2019, 09:32:49 AM

We don`t get rewards if we don`t risks. After all, we are the one that will experience the result. No matter we lose, we always want to get up and fight. Cryptocurrency is a life changer. Many people are looking for this investment as a way to become rich. But they also see this as a great SCAM. Whatever we are perceiving in crypto industry, it will still remain cryptocurrency. We just part of their development which in vice versa, we are the stakeholders of crypto.

indeed, there is no reward for the shy, lazy, wanting to be acted upon by the big guy, that's what everyone knows. Electronic money is a good investment, it really helped my life a lot and to win big in this world you need to be persistent because it is still new.

Silberman

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Quote from: desticy on November 22, 2019, 09:50:09 AM

Once again, I am convinced that cryptocurrency is a place where the concentration of risks just rolls over. And to blame for all the volatility of the market.
They turn the market as they want. It is impossible to predict something all the time. You have to rely on those things that the market is manipulated by those who have large volumes and they may want something.
In fact, it is very difficult to set and make forecasts of any kind in such a market. In view of this, the only less risky strategy is HOLD. Everything else is gambling.

You can still make money in the markets even if you cannot predict them all the time, it is very common for people to believe that only if you can predict the market perfectly then is impossible to make money in those very same markets, but that is not true, as long as you can predict enough of the movements of the market and you use very strict money management techniques which reduces your losses when you are unable to do this then you will become a successful trader regardless of the manipulations of the market.

Vishnu.Reang

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Quote from: DeathProxy on November 25, 2019, 11:52:24 AM

For a very speculative asset like bitcoin, there must be risk presently the price of bitcoin is down at the moment and many that bought at a high price are in loss now, but the high risk and volatility of crypto makes it more rewarding if managed well. In a twinkling of an eye cryptocurrency can provide good profit which makes it also rewarding. The ecosystem of cryptocurency makes it a high level risky investment and also a highly rewarding investment if managed well

Those who had purchased the coins at high levels would be at a loss now. But the most important thing to remember here is that these losses are not realized. Until you sell your coins and book losses, it is not right to claim that you have suffered a negative return from the cryptocurrency investment. And with a volatile asset such as Bitcoin, we can't expect the prices to go up all the time.

agentx44

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Quote from: jjbanks994 on June 28, 2019, 02:02:45 PM

BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace

https://www.bbc.co.uk/sounds/play/m000676m

Once you enter the world of cryptocurrencies and start investing on it, you should look forward already with the risks and rewards you may encounter. Just like in life, most of your decisions is a gamble. You should learn how to find the best choices to be successful with your investments and make sure you are knowledgeable enough before entering the market. Knowledge is a crucial necessity here because it gets to determine whether you'll be able to handle the risk you will be involved with and the range of rewards you may get from your investment as you get to choose a good one.

DeathProxy

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For a very speculative asset like bitcoin, there must be risk presently the price of bitcoin is down at the moment and many that bought at a high price are in loss now, but the high risk and volatility of crypto makes it more rewarding if managed well. In a twinkling of an eye cryptocurrency can provide good profit which makes it also rewarding. The ecosystem of cryptocurency makes it a high level risky investment and also a highly rewarding investment if managed well

uray

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Quote from: Karmakid on November 24, 2019, 06:42:03 AM

The higher the risk, the higher the reward. That is the name of the game for cryptocurrencies. In order to make a lot of money, you need to take a lot of risk. All of those people who loses their money in the market are misinformed with the opportunity that the cryptocurrency has, they thought that cryptocurrencies are all high reward without risk.

The term of higher risk and higher rewards can be coined with coins that can be trusted and there are a very few number of coins in the market that can be trusted and then there are token projects that are like hit and miss, earlier people used to wait to dump everything once the market opens and now majority even does not get listed in the market.

judaspriest

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Quote from: Karmakid on November 24, 2019, 06:42:03 AM

Quote from: DevilSlayer on November 24, 2019, 04:55:44 AM

The volatility of the cryptocurrencies are the real deal. The price of the bitcoin can easily change because of the demand and supply in the market. Many people thought they people is easy money and they are not considering the risks, it is the reason why many people are losing investment in the market.

The higher the risk, the higher the reward. That is the name of the game for cryptocurrencies. In order to make a lot of money, you need to take a lot of risk. All of those people who loses their money in the market are misinformed with the opportunity that the cryptocurrency has, they thought that cryptocurrencies are all high reward without risk.

if they are only concerned with profit without thinking about risk, it's called gambling, of course in crypto currency the more you have a lot of money to trade and if your analysis is right you get a lot of profit, but if you don't have knowledge about trading knowledge everything will be useless

Karmakid

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Quote from: DevilSlayer on November 24, 2019, 04:55:44 AM

The volatility of the cryptocurrencies are the real deal. The price of the bitcoin can easily change because of the demand and supply in the market. Many people thought they people is easy money and they are not considering the risks, it is the reason why many people are losing investment in the market.

The higher the risk, the higher the reward. That is the name of the game for cryptocurrencies. In order to make a lot of money, you need to take a lot of risk. All of those people who loses their money in the market are misinformed with the opportunity that the cryptocurrency has, they thought that cryptocurrencies are all high reward without risk.

deisik

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Quote from: doomistake on November 23, 2019, 06:13:43 AM

The risk that we are taking when we are investing in cryptocurrency have much higher risk than investing on real state properties, or in a business, why is that, because we are talking about volatility here that could spikes, either it goes up very wild or goes down very wild, like as of now, bitcoin's price dropped again to $7,500 and it is still very puzzling when will be the next bull run going to occur to recuperate our losses

Well, that actually remains to be seen

In fact, you are making sweeping generalizations here. First, investing in neither business nor real estate is a guarantee of stable income of any kind (as far as volatility is concerned). Further, these investments are not guaranteed to succeed at all. Your property can lose all its value due to a multitude of external factors up to a point where it will start to generate negative money flow as you will still have to pay property taxes on it, regardless of its market price. And then most businesses fail in their fresh year

The point is, investment reality is very distant from how you see or rather imagine it. To sum it up, investments in Bitcoin are overall less risky unless you are a genuine expert in the field where your are going to invest in (real estate or whatever). Bitcoin is already firmly established, and it is not going to kick the bucket any time soon, no matter how high its volatility can be. And volatility works both ways anyway, so you can ride it and earn a couple of bucks here and there which would amount to a handsome percentage annually

DevilSlayer

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The volatility of the cryptocurrencies are the real deal. The price of the bitcoin can easily change because of the demand and supply in the market. Many people thought they people is easy money and they are not considering the risks, it is the reason why many people are losing investment in the market.

cotton ball

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Quote from: AniviaBtc on November 23, 2019, 10:16:15 AM

Quote from: Wallflower28 on July 03, 2019, 09:32:49 AM

We don`t get rewards if we don`t risks. After all, we are the one that will experience the result. No matter we lose, we always want to get up and fight. Cryptocurrency is a life changer. Many people are looking for this investment as a way to become rich. But they also see this as a great SCAM. Whatever we are perceiving in crypto industry, it will still remain cryptocurrency. We just part of their development which in vice versa, we are the stakeholders of crypto.

Taking a risks isn't enough to have a great rewards. You also need to work hard and smart for you to be able to become more successful doing cryptocurrencies. How can you say that cryptocurrency is a life changer?

There are a lot of sectors that need to be affected and helped by this crypto. You're saying life changer in an individual aspect, what if we help other people using this cryptocurrency, we should share the best reward to those people who are lack of necessities in everyday life like people in Africa.

When you can manage and control with bitcoin situation I think less risk with your investing on bitcoin and altcoin, by joining cryptosurrency you have increase higher profit with your investing. Don't worry when you lost your chance with selling bitcoin on higher price because there are still have once chance how to get back your profit with bitcoin and altcoin for next time.

AniviaBtc

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Quote from: Wallflower28 on July 03, 2019, 09:32:49 AM

We don`t get rewards if we don`t risks. After all, we are the one that will experience the result. No matter we lose, we always want to get up and fight. Cryptocurrency is a life changer. Many people are looking for this investment as a way to become rich. But they also see this as a great SCAM. Whatever we are perceiving in crypto industry, it will still remain cryptocurrency. We just part of their development which in vice versa, we are the stakeholders of crypto.

Taking a risks isn't enough to have a great rewards. You also need to work hard and smart for you to be able to become more successful doing cryptocurrencies. How can you say that cryptocurrency is a life changer?

There are a lot of sectors that need to be affected and helped by this crypto. You're saying life changer in an individual aspect, what if we help other people using this cryptocurrency, we should share the best reward to those people who are lack of necessities in everyday life like people in Africa.

doomistake

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Quote from: GunsLair on November 17, 2019, 04:22:33 PM

The risks of cryptocurrencies are that these are the same risks as in any investment.

I disagree.

The risk that we are taking when we are investing in cryptocurrency have much higher risk than investing on real state properties, or in a business, why is that, because we are talking about volatility here that could spikes, either it goes up very wild or goes down very wild, like as of now, bitcoin's price dropped again to $7,500 and it is still very puzzling when will be the next bull run going to occur to recuperate our losses.

Although the rewards of bigger risk are always big, that is what I am sure about.

abhiseshakana

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Quote from: crossabdd on November 23, 2019, 01:31:14 AM

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

It seems you have chosen the wrong word "financial freedom". There is no correlation with your exact explanation that might be the freedom and efficiency of transactions using cryptocurrency.

Financial freedom is a condition where a person reaches quite a lot of savings and is relatively safe, and the results meet his needs to live the desired lifestyle. Financial freedom can also be defined as a phase when we are in peace and the choice not to work anymore for money, because money is working for us (passive income). What is meant by passive income here is money that goes in without us having to work. while active income is income earned from working and then paid or earned wages and if it does not work will not get income.

The essence of financial freedom is that your passive income each month can meet your monthly expenses. For example, spending per month is USD 1000, then you are financially free if your passive income every month is USD 1000 or more.

Financial freedom can only be achieved through passive income, ie income earned outside of work that can support you, with enough passive income, you can be financially free for life even if you resign from your job.

Savemore

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Quote from: SirLancelot on November 17, 2019, 02:43:07 AM

Quote from: TheGreatPython on November 15, 2019, 12:42:34 AM

The risk of cryptocurrency is mainly about losing money due to the volatile nature of it. Apart from this risk of instability of values, other risks can be avoided when you're careful.

There are some who say that cryptocurrency lacks acceptance and that's why they don't want to make use of it, well that used to be true, but right now there are lots of businesses that are starting to accept the crypto payment such as bitcoin. Though another problem is that you have to be careful with them or just don't use your bitcoin for buying things online.

The next thing is theft: cryptocurrency wallets can be hacked, but you can still avoid this by being careful and securing your wallet with the proper security. These are the only risks I'm sure about and they can be avoided except the price instability.

Everyone already knows that the risks involved is that you can lose your money. If you're lucky you will be able to make lots of money. Anyone who is investing in cryptocurrency should always be aware of the risks that are involved.

When I started cryptocurrency I was never aware that Bitcoin can be really volatile and I was using a Xapo wallet then and the price if Bitcoin was $250 or so. So, I received some bitcoins from someone and left it in my Xapo wallet with plans to sell it the next day. The next day I opened the wallet and logged in and realized that the price dropped down to $240+.

I contacted support and questioned them about what happened to the money and they told me that that's how cryptocurrency is, that your money can go down at any time. Don't blame me for it, I never knew that cryptocurrency is something volatile. I was looking for a payment method to use and I searched on Google and Bitcoin came and I checked and it was available in my country, I didn't take out time to research more about it since people said it was legit. It was after this incident that I decided to do further research on Bitcoin and cryptocurrencies in general.

Considering the risks and the potential reward before putting our money in an investment is important. My mentor in cryptocurrency trading told me that I should know the risks that I taking for me to handle it very well. I identified it and that's why I didn't suffer any major losses. I know what I am doing and that's why I keep surviving in the market challenges.

NewRanger

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Quote from: crossabdd on November 23, 2019, 01:31:14 AM

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

crypto industry could reduce all of that. Blockcchain will give us efficiency and save many cost that occur. Financial freedom only happen if we hard work and take every opportunity in around us . maybe it could come from reall business or from crypto market. Its will be hard to , need our struggle and hard effort from us and maybe not every people could do this.

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Quote from: crossabdd on November 23, 2019, 01:31:14 AM

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

I am not sure about that. You cannot achieve financial freedom just because you have cryptocurrencies because you need to put some work in order to get what you want. The transaction in cryptocurrencies are not instant because most of the cryptocurrencies that we have need to undergo certain confirmation in the blockchain in order to pass through. Yes, there are benefits of cryptocurrencies but it is not instant transaction or instant financial freedom.

crossabdd

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I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

EdvinZ

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Indeed, although cryptocurrencies are only 10 years old, it is still a very young branch of the economy. Cryptocurrencies can have a future if society realizes the benefits of digital money and governments will loyal to cryptocurrencies. As for the blockchain technology on which cryptocurrencies are based, it definitely has a very good future. This technology optimizes processes not only in the financial sector, but also in any other areas. Already, blockchain is being actively implemented at the level of States in their infrastructure. Blockchain is one of the most amazing useful technologies in recent years.

Topic: The Risks and Rewards of Cryptocurrencies - page 3. (Read 5529 times)