What are the dangers inside cryptocurrency investing

DaftAjax

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Quote from: EdenHazard on November 01, 2019, 04:10:09 AM

Yet everyone can't compare that horrible moment to the current and future cryptocurrency investment condition ... that was just a misfortune investment, a decision to invest at the wrong time, really people can't continue comparing this all the time.

Cryptocurrency well known as a high risk investment it's written everywhere. So if people did not fully aware and learn more about this then it's their own fault.

Sure we can say that it's their own fault. But the thing is, they saw an opportunity to make money--or should I say easy money. But then again, last December 2017, the price of Bitcoin is very misleading, the fact that many people don't really know that much about Bitcoin, they thought it's the "real" price of Bitcoin. Little did they know it was a fluke--a bubble as we call it here. Due to unfamiliarity, many people jumped on the train and didn't actually know where it's heading. So when the price goes back to its "respectful" price, people panicked and get devastated in the end. That resulted in discouragement on using Bitcoin, and we thought that it was the start of Bitcoin to have its well-deserved recognition.

So my question is, who is to blame? The people who blindly invested in Bitcoin or the people (aka Whales) who pushed the Bitcoin's price to be a bubble?

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You can't blame anything but yourself who randomly go straight to make money in short time period like it's a gambling , even speculators do some research when it comes to cryptocurrency investment, the dangers is in yourself who uneducated.

That's not true. Some things are inevitable, even if you train so hard, learn so much, there are always things/events that you have no control over of.

Wawa2013

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The pressure for people who use loans to invest is that they will feel rushed to get a quick profit, so they may become uneasy at the thought of having to pay their debts every month and this is not an actual investment goal.
So do not ever invest if you use borrowed money because investing in crypto is not easy to get profits quickly and will not be able to get rich quick, investing in crypto takes years to get a profit, it can't even be targeted by us, crypto is very volatile , prices can change at any time quickly, especially if for a beginner who has not been able to regulate emotions and can not guess the crypto market. They might get angry easily because of market conditions that are not yet understood and that can disrupt someone's life psychologically, because they have a debt burden.

Suharti12

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Every investment has risks and dangers, especially if we do not understand and know what we are investing. Similarly, Cryptocurrency, the value of Crypto fluctuations will make people panic when prices suddenly drop dramatically, therefore before someone invests in Cryptocurrency then they should first learn what Cryptocurrency is. And actually, Cryptocurrency investments are investments that have very good potential, and we can get huge profits if we can get good coins.

bitzizzix

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It seems like investing anywhere will definitely have a level of danger and risk faced, and all can be minimized or prevented if you study it first and understand everything well because investing in cryptocurrency will have the opportunity to get good profits if you study it well.
and what I see is that cryptocurrency users are growing and developing and that's all there must be a reason, you have to find out and make sure cryptocurrency can be profitable and the security level is guaranteed safe and it all depends on using it, and you have to know when you buy and when you resell and if you are afraid or doubtful you can make a long-term investment to avoid your worries.

GideonGono

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Quote from: Duzter on September 26, 2019, 07:15:53 AM

Investing into cryptocurrency is really dangerous when you get into it without understanding what cryptocurrency is all about. The danger can be explained in a short with the present price drop. If a newbie have entered the cryptocurrency market and invested $1000 when the price was above $10000 what he have at present might be around $840. This will be understood by an long term user that it'll recover, but the same won't be accepted easily by the newcomers. This will end up the cryptocurrency involvement of the user.

There is danger in different forms, starting from the fluctuations to the hack. It is our responsibility to secure ourselves and stay active to overcome the dangers.

It is danger but if you are not the one who prepared from losing a money then do invest because investment show on how you can sacrifice a thing for a good or a bad.

If you think that you are always losing then don't invest using a big money and also try to save money.

AskGamblers

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The dangers hiding behind cryptocurrency investing can be explained in one word - greed.

People have always wanted to become rich overnight, which is a great risk, regardless of the investment method.

oxgroth

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I hope that times than people are came in crypto for easy money are gone. This is a really risky story

RIDER_tej

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To engage in the different crypto currency investments, or even in just a natural investments, we can say that there is a danger. That danger which I know is the 50/50 percent chance of losing and on the other hand, the opposite of it. There are people who are into investment, some are in neutral but some are getting out of their bounds that turn addicted that somethings invest more than what they are afford to lose, resulting from the danger of different circumstances of life.

Jayson (Torum)

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I believe the statement "You shouldn't invest more than you can afford to lose" is the golden rule of investing in cryptocurrency. There is a lot of guys who take loans from banks to invest during the previous bull run. Well, I wonder where they are, now that the crypto winter has lasted for 2 years.

Another thing is follow the market sentiment to earn. I pretty much earn quite a lot from it. In the previous bull run, there are lots of dumb ass keep on talking about XVG and goes on and on hyping about it. I exited with 500% return of my initial investment on XVG. Big Thanks to XVG Hodlers

Good luck to you

Darooghe

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Obviously one of the main risks that come with bitcoin is it's volatility. If you had purchased bitcoin on Dec 19, 2017, each coin would have been worth $19,000. But just a couple of days later, on Dec 23, each coin was only worth $14,000. That’s a 26% drop, or a loss of $5,000 per coin, just within the span of a 4 days. And it’s not the first and likely not the last time that the price of a cryptocurrencies swing so fast.

However, I sometimes see people say that more risk often brings more profit, but the losses associated with Bitcoin are more certain than earnings because it is highly unpredictable and esoteric. even seasoned investors and hardcore supporters of Bitcoin don't deny that trade in cryptocurrency is an extremely risky affair but greed has made them addicted to this digital gamble. also, consider legalization issues as a reason that one should no invest in Bitcoin immediately.

EdenHazard

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Quote from: AndrewIdena on October 18, 2019, 10:29:53 AM

Quote from: ppblockchain on September 26, 2019, 06:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

We all witnessed it back in the end of 2017 when newbies with no experience either in crypto or traditional investing took loans and then found themselves in debts. Education and research is everything.

Yet everyone can't compare that horrible moment to the current and future cryptocurrency investment condition ... that was just a misfortune investment, a decision to invest at the wrong time, really people can't continue comparing this all the time.

Cryptocurrency well known as a high risk investment it's written everywhere. So if people did not fully aware and learn more about this then it's their own fault.

You can't blame anything but yourself who randomly go straight to make money in short time period like it's a gambling , even speculators do some research when it comes to cryptocurrency investment, the dangers is in yourself who uneducated.

Eureka_07

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Quote from: ppblockchain on September 26, 2019, 06:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

Start from small amount. Do not give everything you earned because you expect for a positive outcome. Invest small amount and the money that you will earn from that small amount may be another amount for investment. Think twice and be wise when making decisions because it will be a lifetime outcome.

numizmat

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Most people understand the good perspective of investments in cryptocurrency quite well, buy they afraid to invest in cryptocurrency just because they (1) can’t choose a specific coin to invest, and they are also (2) afraid that they will be late with the withdrawal of cash in the case of the widespread collapse of the entire cryptocurrency market (as it was in December 2017 - January 2018) - they simply do not have enough experience and time to keep track of all this stuff related to cryptocurrency.

However, in most cases, these concerns can be mitigated significantly by placing assets into some crypto investment fund, which will rationally redistribute assets depending on the market analysis between different coins and cash.

For example, Crypto10 smart index fund provides investors with exposure to the top 10 cryptoassets by market capitalisation, while limiting loss of capital through a dynamic cash hedging mechanism. The weekly rebalance period allows the fund to be nimble and it would have been able to retain the vast majority of the fund value at the peak of the bull market. For example, in January 2018, the algorithm rapidly allocated the funds to cash, providing drawdown protection.

DaftAjax

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Quote from: TriplexXx on October 23, 2019, 12:55:23 PM

I think there are two major problems with investing in cryptocurrency the first one is hacking issues--you can solve all that by using the hardware wallet or by keeping your private keys safe somewhere.

Saving it on hardware wallets or keeping privates key safe doesn't really prevent people from being hacked. Just because people do the things you mentioned will mean that they will never be hacked. Now, I'm not saying that your tips are worthless. I'm pretty sure if you do those things you can lessen the chances of being hacked. But we can't deny that there's still a chance.

Might I add, being aware of your accounts' security--might that be a wallet, e-mail, etc. will also lessen the chances.

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and the second one is the price volatility-- you have to know when to buy cryptos and when to get out that is the only solution.

Volatility isn't really a danger. In fact, you can use it as an advantage when trading. Though you're right, buying when its low is a pretty good strategy.

TriplexXx

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I think there are two major problems with investing in cryptocurrency if you don't know how to handle them more professionally. the first one is hacking issues and the second one is the price volatility. For hacking issues, you can solve all that by using the hardware wallet or by keeping your private keys safe somewhere. the price volatility is the biggest part, you have to know when to buy cryptos and when to get out that is the only solution.

angrybirdy

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Quote from: ?? on ??

in my opinion the right phrase for crypto is risky, not dangerous. crypto has a volatile nature and is very risky for people who invest or trade with capital looking for loans or by selling something of value in their lives. indeed with crypto someone can get rich if the price of crypto is as expected. Not a few people who suffer losses because their speculation is not in line with expectations. but not a few people are successful because they trade or invest crypto. I think by learning about the science of trading, will make the risk level smaller. do not be overly ambitious with large profits in investing or trading crypto because they see the success of others. but learn about how that person can succeed.

That's actually right,
Dangerous is not the right term to point the risk inside the cryptocurrency. When we say dangerous, it is something that we should avoid.
Cryptocurrency should not be avoided, because it is not dangerous, it is only risky for every investor. The risk that we are facing when we invest in every cryptocurrency.

jhoanamaesalles

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the danger inside cryptocurrency investing is the people scammer

cotton ball

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Quote from: ppblockchain on September 26, 2019, 06:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

Delist coin from exchange market is very danger site of investing in cryptocurrencies, we buy or invest on altcoin without check what problem faced by an altcoin, will they keep exist on some exchange market for long term or not, with problem delisting on exchange market will give bad altcoin price very low, now we get scam with many altcoin have delist from exchange market.

ufaiz50

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Quote from: ppblockchain on September 26, 2019, 06:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

Just an investment when you understand the risks of cryptocurrency. Rapid fluctuations can be a big loss, but can also give big profits. If you don't understand and have never been in an investment like crypto, then it's better to avoid it. Or at least you can learn in advance about the cryptocurrency market, after that try to invest.

panganib999

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Quote from: ppblockchain on September 26, 2019, 06:59:00 AM

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

Well nothing is more dangerous in investing here in crypto space than your impulsive decisions and not so careful actions. Not thinking about what you will do deeply will lead you into a avery horrible situation and being irreversible is what's making it worst. In terms of external factors, there are scams that will surely take away everything you've invested. All in all, not being vigilant enough and well knowledged upon entering here is by far the dumbest decision you might do and will screw you up.

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