What are the dangers inside cryptocurrency investing - page 10.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

When we are going into any business or any business investment, we should always know that there are risks that are always associated to it, and what makes us a very good investor is the ability to recognized the risk and then learn how to deal with it. For us who has been in the investment of cryptocurrency, we should already know by now that the one big risk that is associated to cryptocurrency investment in general in the volatility aside that risk of scam and other ones.

Volatility drains the pocket if we don’t know how to manage it, and one way we can manage it is to identify project that are very good first to invest in or trade with, it is when we trust the project that we will be able to learn and device strategies that we can always use to deal with the volatility of the coin. Bitcoin has a very high volatility, but because of its real use case, it is easy to manage it.

Ris88

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There is nothing wrong if someone wants to invest in Cryptocurrency, at least have enough insight to understand because the risk for someone who invests in bitcoin or altcoin is quite large, because you might lose so much money and get a big loss or lose ...

seagates

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I hope that times than people were taking loans for crypto are gone

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

You should not invest in the cryptocurrency if you don't know the risk. You risk your life earnings and savings by invest in something you don't know. You don't have to take a loan to invest because you can invest with your money no matter how much you want. The return of the investment is bigger if you are in the right time to cash out your investment, but if it's not, then you need to realize that the chance to lose your money will be there.

I don't read the article because I think every people will have to realize that if they want to invest, they need to know the details, so they don't have a regret in the future. The volatility of the price is something that we must concern so we can leave the market with the money and stay calm for a while until the price can down again so we can get a low price to buy.

Digitalbitcoin

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Quote from: yoseph on September 27, 2019, 02:39:37 AM

Someone gave me an advice about investing and he said that we shouldn't invest any amount that we are not ready to lose in the first place and I do believe that this is very true for all investments in the world. There is a 50% chance that you may end up losing it all but with cryptocurrency investment, you only lose your investment when you sell , so if you are patient, you may end up making money.

In addition, I would like to add some important aspects related to cryptocurrency investments as :

Cryptocurrencies are digital assets so while accessing them keep your device secure and safe.

the second important thing is keeping your data private or safe.

the third aspect is being more active and updated with the market.

the last one grabs knowledge to make a positive decision confidently.

yoseph

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Someone gave me an advice about investing and he said that we shouldn't invest any amount that we are not ready to lose in the first place and I do believe that this is very true for all investments in the world. There is a 50% chance that you may end up losing it all but with cryptocurrency investment, you only lose your investment when you sell , so if you are patient, you may end up making money.

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This question will probably continue to appear. Because new people nowadays many are interested in investing in crypto. But they will also surely ask about the risks they can face.

Huge gains in a short time can be acquired and the Crypto industry. So it will be a lot of people trying to find capital through bank loans, or selling land and taking money from savings.

That's what I think you might be able to do, but it's very risky. As a beginner, it is better to use reasonable capital and try to learn more about Cryptocurrency.

Bob Smith

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Yes, investing in cryptos can be dangerous, but then which investment venue is free of that today. To have good returns, you have to be at risk. Just keep working on how you can minimise this risk.

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It is not advisable to invest in cryptocurrency with a loan or Lifetime savings . Investing in crypto is very risky if you have not good knowledge about crypto currency. It is not right to invest in your lifetime savings in crypto. Because it's difficult to say when the crypto market will go in which direction. You can invest a small percentage of your savings in crypto, which will not hurt you even if you lose it.

imstillthebest

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If you going to invest here in crypto then you can really lose because this is very risky like that's the danger inside cryptocurrency investing

calling it risky is more better than calling it dangerous . risky because there is a chance that we loose but not dangerous because cryptos cant harm us phhysically . it will only be risky if you will not take time to read and investigate if what is good and bad but as soon as you know what your doing youl be just fine .

Quote

So if you point out that if your money coming from your salary,saving or you loan to invest here then that's worth it like we can really earn here in crypto that's why this are still continue to grow and long already

money came from saving or loans are not the best source to put in cryptos because saving meant to be in your future and loans were meant to be for emergency purpose or can also work for future use . salary can be a good source however because you can always earn it from working .

Yaunfitda

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Just to be fair though, every investment has risk involved remember that.

One thing that separates crypto though is that this market is prone to manipulation that's why the risk factors multiply. And then this is a speculative asset as well, so there's a lot of dangers wherein you don't know how the market will move in the next couple of minutes and hours.

That's why if you are a investors, you really need to understand the circumstances behind this crypto market and then decide for yourself how much money you are going to invest on it.

BitcoinPanther

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Quote from: shield132 on September 26, 2019, 03:57:01 PM

It's not dangerous to invest in cryptocurrencies, it's just riskier.

Danger is twin brother of risk. So if we say it is riskier then we directly saying that it is more dangerous. I agree, without proper knowledge it is very dangerous to invest in cryptocurrency because of the several reasons stated by OP. We need to acquire more knowledge in order to minimize risk that is involved in cryptocurrency investment.

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Quote from: chaoscoinz on September 26, 2019, 04:15:15 PM

Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

Sounds like people are mistaking Cryptocurrency for a get rich quick scheme. Now, I don't think anybody has gotten rich over night from crypto, but have certainly gotten wealthier much quicker than by most means.
When I was a noob here, people always told me to never go all in on an investment, instead, to practice my Due Diligence and only risk what I could afford to lose (disposable income), less you're willing to lose the shirt off your back.

Crypto investment is really risky so we should always see to it that we will only invest on the amount we can afford to lose. Not just in crypto but even in all other investments, we should always set aside savings for ourselves because there is no guarantee that there is always positive result after investing a huge amount in crypto. Although the returns is great, but it's not practical to risks all our earnings just for a single investment.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

Sounds like people are mistaking Cryptocurrency for a get rich quick scheme. Now, I don't think anybody has gotten rich over night from crypto, but have certainly gotten wealthier much quicker than by most means.
When I was a noob here, people always told me to never go all in on an investment, instead, to practice my Due Diligence and only risk what I could afford to lose (disposable income), less you're willing to lose the shirt off your back.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

No, you are wrong. That is not dangerous that is risking your money from the investment of highly volatile and that is how bitcoin works.
First, always remember to set an amount that you can afford, I mean not your all money inside the pocket and after a week you worry about the daily needs in your family. Invest that you can afford and willing to wait even how many years before you can get profit. The amount that you invested in bitcoin were never lost only the value between dollars and the bitcoin. If you can wait for a long time until bitcoin become expensive then, for sure your profit was there.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

It's not dangerous to invest in cryptocurrencies, it's just riskier. Problem is that some people who invest in crypto are dangerous themselves, why? Because I have seen some people on reddit for example who put house in a loan and invested all money in bitcoin. Just don't know what to call such action and the most sad fact is that that person did it when price was nearly 20k, he choose worst moment in his life.
It's another sad fact how blindly people fall in nice words. Just tell them to invest in something that will give them huge profit and they are ready for putting money in it. That's very sad fact, even nothing to talk about crypto, demands are still high on HYIPs. Crypto's risk is similar of USD investments and hyips are out of control.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 AM

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

Horrible idea? Has this article been written by someone who didn't invest on bitcoin when the price was very low or is it someone who invested on the wrong time, sold their coins, made a loss and is now regretting after watching the price go back? All kinds of investment has a risk. Investing on crypto currency is also risky. They are volatile but in the long run the price always tends to go upwards. Experienced traders can take advantage of this volatility and make some sweet profits within a very short time.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

The first rule of investment is to invest only what one can afford to lose. So obviously investing life earning and savings sounds like a bad idea. However, it's not about investing in cryptos specifically, it's about any investments. I agree with the obstacles listed in the article, all of those things are indeed the case. However, I still think Bitcoin is a great investment opportunity even nowadays. Surely, there's volatility, and of course, it's possible that Bitcoin will just collapse. But if you invest in something more reliable like gold, for instance, you can also be pretty sure you won't receive good profits from it.

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Quote from: ppblockchain on September 26, 2019, 05:59:00 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/

Never invest in cryptocurrencies using all your earnings and savings because there is no assurance in cryptocurrencies because of its upside-down price. Never ever use your hard-earned money to invest here. The extra money will do and make it grow but there is still no assurance at all. If you think you have enough extra money that you think you will not use for the entire Year then maybe that money will do for your investment. If you really want to invest huh.

lightningmelo

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Do not take credit to buy any cryptocurrency.

Do your research before buying. IMO the only asset you should worry about for now should be Bitcoin. If you want to dabble in other cryptocurrencies, make sure you know what you're getting into. Most of them have large pre-mines and the founders/investors are just dumping on you.

Buy only what you can afford to lose. If you're starting to feel anxious over your holdings, it's because you bought too much. Sell some and reassess.

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