The Risks and Rewards of Cryptocurrencies - page 8.

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Quote from: ?? on ??

This is actually a battle between small fishes and big whales. Here, without anything natural, all pump and dump operations are arranged by the whales. That's why one day the crypto market can fluctuate between 10% - 20%.

That's somehow possible because whales would not stop doing it if they can continue to make money from it.
The more the price is volatile, the more they can make a lot of money doing day trading.

HOWEVER....

Quote from: ?? on ??

If we work in groups and fight the whales, we will really be able to make a big profit.

This seems to be impossible, it's not about the number of people matters here, but the amount of crypto you are holding.
Even if you form a group of 100 people that holds a total of 10 BTC, but one person can beat you when he holds 100 btc, that's the logic here.

jamesndungu1

member

Activity: 434

Merit: 25

What people need to understand is that every trader loses money at times. What you need is a risky management strategy. You need to learn how to take losses at the early stages and thus cut them short. This will help you avoid letting your losses accumulate into massive ones which puts you in a much worse situation. Your profits will still keep running, which could be massive as well depending on the value of a certain coin at a particular time.

Bitcoin Seller

full member

Activity: 567

Merit: 148

Quote from: trickyriky on September 11, 2019, 01:54:02 AM

Quote from: noormcs5 on September 08, 2019, 11:17:20 AM

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

What are you talking about ? Business has loss and profit regardless of which currency you use in business.
You should not compare crypto currencies with any business. This is the wrong perception and usage of crypto currencies.
If you want to compare, you can compare it with fiat currency.

Risks are much higher exactly in the crypto world. Cyberattacks are the greatest problem here, and literally for all. The hacker attacks are becoming more common, and fraud methods are becoming much more sophisticated. Bitcoin wallets and the large amounts that are traded are extremely attractive to thieves. Crypto exchanges have been hacked constantly, and many of them have to close.

Trading cryptocurrency on the exchange, like trading on the stock exchange, is associated with certain risks. Most strategies are based on statistics, that is, on the dynamics of an asset, an analysis of its current situation, and so on. In fact, trade is the transformation of risks into profits, that is, the higher the probability of a positive outcome of the transaction, the less income will be.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: trickyriky on September 11, 2019, 01:54:02 AM

Quote from: noormcs5 on September 08, 2019, 11:17:20 AM

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

What are you talking about ? Business has loss and profit regardless of which currency you use in business.
You should not compare crypto currencies with any business. This is the wrong perception and usage of crypto currencies.
If you want to compare, you can compare it with fiat currency.

Risks are much higher exactly in the crypto world. Cyberattacks are the greatest problem here, and literally for all. The hacker attacks are becoming more common, and fraud methods are becoming much more sophisticated. Bitcoin wallets and the large amounts that are traded are extremely attractive to thieves. Crypto exchanges have been hacked constantly, and many of them have to close.

without the legalization from the government, I think fraud will continue to grow. in a situation like now, we ourselves must take full responsibility for the risks that may occur. therefore calculate our risk before entering the crypto business. if you can control the risk, I don't think there will be a problem

The Cryptologist

full member

Activity: 546

Merit: 100

Quote from: Janation on September 07, 2019, 01:58:59 AM

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

Despite the fact that you are educated, there still lies a risk.

Who can predict the exact price of Bitcoin after years? Who can tell what will happen in the next 6 months? Are we still getting profit after 3 months? How about 1 and a half? A week maybe? We can't tell that, that is why despite the knowledge you have, you can still lose but obviously you know what to do to lessen that losses and get back the next time.

I could not agree more but he also right on the first part. To back up that statement, the rise of online shops made huge companies to file bankruptcy like Toys R Us and Forever21. Cryptocurencies are definitely rewarding when there is a strong bull market but the patience of anyone will be tested whenever there is a bear period and that is where is the risk lies and also the possibility of a scam project.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Irvinn on September 08, 2019, 10:14:18 AM

If earlier I received income due to rewards for the company's bounty, today this situation has changed for the worse.

That's the kind of experience that we will treasure forever, earning is a privilege here as we are not risking our money to earn and that's the best of making money here.

Quote from: Irvinn on September 08, 2019, 10:14:18 AM

Today, using the cryptocurrency market, you can only earn by investing your money in promising projects for a long period and using daily or long-term trading. But it should be borne in mind that today the cryptocurrency market is almost the same as a gambling game, where you can not spend too large amounts of personal funds or the last money from the home budget. The risks are always very large.

We can earn or we can lose, that's the only possibilities when we are investing our money here.
Short term or long term, we will decide on how we will manage and we need to understand the risk and reward here that we don't study when we are just doing some bounty hunting to earn.

Investing is way different, we are like gambling here using our skills because that way, we have a chance, unlike blindly investing in the market.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: trickyriky on September 11, 2019, 01:54:02 AM

Risks are much higher exactly in the crypto world. Cyberattacks are the greatest problem here, and literally for all. The hacker attacks are becoming more common, and fraud methods are becoming much more sophisticated.

It is possible to prevent them by keeping your wallet keys safe and use a hardware wallet if you the money to buy it. It is considered to be a good security investment for big traders who have a large volume portfolio. Cyberattacks are always there with any digital format commodity or service. You have to learn to protect your funds.

Quote

Bitcoin wallets and the large amounts that are traded are extremely attractive to thieves.

Attractive yes, hackable - not so if you secure them.

Quote

Crypto exchanges have been hacked constantly, and many of them have to close.

Hence dont store coins there after you are done exchanging. You will be in control of your coins then.

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: noormcs5 on September 08, 2019, 11:17:20 AM

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

What are you talking about ? Business has loss and profit regardless of which currency you use in business.
You should not compare crypto currencies with any business. This is the wrong perception and usage of crypto currencies.
If you want to compare, you can compare it with fiat currency.

Risks are much higher exactly in the crypto world. Cyberattacks are the greatest problem here, and literally for all. The hacker attacks are becoming more common, and fraud methods are becoming much more sophisticated. Bitcoin wallets and the large amounts that are traded are extremely attractive to thieves. Crypto exchanges have been hacked constantly, and many of them have to close.

noormcs5

hero member

Activity: 2758

Merit: 617

Leading Crypto Sports Betting & Casino Platform

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

What are you talking about ? Business has loss and profit regardless of which currency you use in business.
You should not compare crypto currencies with any business. This is the wrong perception and usage of crypto currencies.
If you want to compare, you can compare it with fiat currency.

Irvinn

full member

Activity: 966

Merit: 104

If earlier I received income due to rewards for the company's bounty, today this situation has changed for the worse. Today, using the cryptocurrency market, you can only earn by investing your money in promising projects for a long period and using daily or long-term trading. But it should be borne in mind that today the cryptocurrency market is almost the same as a gambling game, where you can not spend too large amounts of personal funds or the last money from the home budget. The risks are always very large.

sana54210

legendary

Activity: 3276

Merit: 1128

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

They thought that it is like a Ponzi scheme that would just promise you certain percentage on a daily basis without you ever having losses, and this is what they use to deceive people and make them bring out their money, the real investment in cryptocurrency has its risk, there is a high risk and low risk, we just need to know which of them we want to take.

Investing in cryptocurrency generally and trading is a risk business, but we have some people that are taking higher risk of leveraging trading, but they are still able to carry that risk because they have the proper knowledge, skill and strategy already, and one more thing is that education about cryptocurrency does not stop t one place, many new things keeps coming into the market that we need to keep ourselves abreast of.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: samridhi20 on September 06, 2019, 08:08:41 AM

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

Despite the fact that you are educated, there still lies a risk.

Who can predict the exact price of Bitcoin after years? Who can tell what will happen in the next 6 months? Are we still getting profit after 3 months? How about 1 and a half? A week maybe? We can't tell that, that is why despite the knowledge you have, you can still lose but obviously you know what to do to lessen that losses and get back the next time.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: Oilacris on September 06, 2019, 07:45:56 PM

Quote from: ?? on ??

Quote from: guoyu78 on September 06, 2019, 12:55:28 AM

Quote from: TheUltraElite on September 03, 2019, 11:13:07 AM

Quote from: vian30 on August 27, 2019, 09:08:46 AM

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

and unfortunately many projects whose products are not real, so they only rely on the velocity of money from investors and traders. and usually there are only a few investors with large funds, so they can easily play with prices. , therefore I prefer to choose a coin with a real project needed by many people, so it has a smaller risk

Liquidity and actual product is one of the best thing for you to spot on and you can eventually differentiate it compared to those projects who don't have actual product.

I agree that most of them doesn't have any working product and just being supported because of the hype or just relying on a blueprint of the things that they do gonna supposed to built up.

indeed, most projects that can last a long time and have a large community, they have the products that the community needs, and of course this will shape investor confidence in a project. we take the example of ethereum, which was much needed during ICO. and now it's declining because of IEO, but ETH will innovate by launching Ethereum 2.0, steps like this that should be done

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: ?? on ??

Quote from: guoyu78 on September 06, 2019, 12:55:28 AM

Quote from: TheUltraElite on September 03, 2019, 11:13:07 AM

Quote from: vian30 on August 27, 2019, 09:08:46 AM

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

and unfortunately many projects whose products are not real, so they only rely on the velocity of money from investors and traders. and usually there are only a few investors with large funds, so they can easily play with prices. , therefore I prefer to choose a coin with a real project needed by many people, so it has a smaller risk

Liquidity and actual product is one of the best thing for you to spot on and you can eventually differentiate it compared to those projects who don't have actual product.

I agree that most of them doesn't have any working product and just being supported because of the hype or just relying on a blueprint of the things that they do gonna supposed to built up.

samridhi20

newbie

Activity: 16

Merit: 0

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success Shocked

koura_cc

newbie

Activity: 28

Merit: 0

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

Even when crypto is highly volatile, and therefore risky, it doesn't mean it's necessarily a downside aspect of it. This aspect is actually quite convenient if your objective is to turn into a crypto trader. The volatile fluctuation it's what makes it an effective trading asset allowing you to buy low and sell high if you follow the market closely and exercise a correct timing. Besides in crypto’s case the volatility isn't manipulated by a single elite and privileged group, like what you have in oil investments, this volatility is influenced by many factors and players, but it’s also resulting of the trading in itself.

tonyvo2017

member

Activity: 526

Merit: 10

Lifestyle & Wellness Platform

I don't think these podcasts can help us better understand the direction of the market, because I just love to read.
But I have a vision for the next 2 years. Our 2019 will focus only on Bitcoin, the altcoins will be greatly eroded in the near future. altcoins may drop up to 20% in the next few months.
But 2020 will be the season of altcoins, when sharks will use bitcoin to buy more altcoins because of the difference.

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: TheUltraElite on September 03, 2019, 11:13:07 AM

Quote from: vian30 on August 27, 2019, 09:08:46 AM

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

OnceTwiceThird

member

Activity: 606

Merit: 10

When you trying become part of cryptocurrency you have ready your source income money to keep half, never put all in bitcoin or altcoin because some time you get bad thing.

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Quote from: ?? on ??

Quote from: BUK2016 on August 18, 2019, 10:42:12 AM

I don't think the volatility of bitcoin is something that will stop soon not until there is mass adoption of bitcoin before one can be talking of stable bitcoin market value and possibly less risky for business owner who will now start accepting bitcoin and crypto currency in general as a means of exchange for goods and services.

Can volatility in bitcoin and crypto be avoided by market stability? There will be no trade like this now. but in some projects such as payments, the price must be stable to maintain value.

It cannot be avoided, the market will remain volatile, even the stock market is volatile but as massive adoption happens, it's expected that the volatility will be reduce but will remain.

The fact that we are dealing crypto here with limited supply and increasing demand, that would certainly make this market attractive for traders and investors as well, volatility makes this market successful, and since we are now witnessing a high price volatility movement, it means the adoption is still low, and it's still good time to invest.

Topic: The Risks and Rewards of Cryptocurrencies - page 8. (Read 5529 times)