What are the dangers inside cryptocurrency investing - page 2.

sapnu

sr. member

Activity: 1036

Merit: 286

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/

There are lots of dangers when we talk about cryptocurrencies. The very first of them all is scammers. There are projects that are taking advantage of the people they are giving promises especially investors and also the bounty hunters. There are also some dangers in investing, for example, the project didn't go well but they didn't intend to scam the investors, yes it really happens. For me, for you to be able to secure your money you should study the project itself and read the whitepaper and the roadmap so you should check if they can possibly make the project successful.

AndrewIdena

jr. member

Activity: 47

Merit: 30

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.

johnmason92

newbie

Activity: 18

Merit: 0

The risks in the BTC trade are no different from the risks associated with gambling and other activities where the profit is uncertain. If a person gets dragged and starts investing unreasonably, puts in almost all their assets in the form of BTC or withdraws a loan to buy BTC, then the person is having a problem and things become dangerous for the investor.

Meowth05

sr. member

Activity: 854

Merit: 267

★777Coin.com★ Fun BTC Casino!

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/

Investing in cryptocurrency is risky indeed especially to investing in unknown tokens. To reduce the risk you should go for the coin that has proven themselves as worthy of investment like bitcoin and eth. I choose those coins basically because they have the highest volume in the market hence you should not worry about it. Crypto is extremely risky yet profitable at the same time, the riskier it is the more profit you'll get.
You don't need to use your life earning or savings to invest in crypto but rather invest only the money that you can afford to lose.

MicroGuy

legendary

Activity: 2506

Merit: 1030

Twitter @realmicroguy

While some coins are fine, probably best to avoid BTC.

1. Proof of work is not sustainable.
2. 1 MB pushs Tx onto L2 custodial nodes.
3. Banks now control BTC development.

If these secrets don't get out BTC will rise. If the masses discover the truth, it will probably crash.

Choose your cryptos wisely!

Sahyadri

sr. member

Activity: 744

Merit: 266

High volatility and no regulations bring high risk along with them. The main danger is the high risk associated with cryptocurrency trading. Unless done properly, there is a big chance of you losing your money due to fud/fomo.
Another danger is you losing your money to fake exchanges or wallets. Crypto theft because of fraud and hacks has almost doubled this year. Since there isn't much regulations, there isn't much you can do about the lost funds.

jarhed

sr. member

Activity: 672

Merit: 254

Quote from: Rodeo02 on October 17, 2019, 01:58:19 PM

Quote from: gandame on October 16, 2019, 09:47:48 PM

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/

There is danger by investing in cryptocurrency. Why? Because you may lose your money. Like investing in altcoin you can lose your money if the altcoin become Dead.
But if you choose only bitcoin or ether is much better but waiting is need for this investment because the price now is down.

You should also look with other danger with crypto not only in investing and buying a token.
Example
Hacked there is possibility that you may experience this one if you are not careful enough.

Forget/lose important key such a passphrase and private key .

Regarding the fact that they forgot the storage location of the private key or this place was robbed. We see quite a lot of risks when cryptocurrency takes over.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: gandame on October 16, 2019, 09:47:48 PM

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/

There is danger by investing in cryptocurrency. Why? Because you may lose your money. Like investing in altcoin you can lose your money if the altcoin become Dead.
But if you choose only bitcoin or ether is much better but waiting is need for this investment because the price now is down.

You should also look with other danger with crypto not only in investing and buying a token.
Example
Hacked there is possibility that you may experience this one if you are not careful enough.

Forget/lose important key such a passphrase and private key .

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Well, actually the danger inside cryptocurrency investing is you might lose it huge amount of your money when you do panic selling if the price drops down so you must keep on holding on no matter how low the price is because since the value of bitcoin is volatile so it may rise up again and you can it big profit if you wait patiently.

Another reason if you are investing in a project that going to scam, because you are lack research and to dig more before to know which is the potential one. Or might you have an option to stick in a top 10 cryptocurrencies that listed on CMC.

bitcoinposts

member

Activity: 448

Merit: 10

They are lot of dangers inside bitcoin investment one should be aware of risks before going investing in crypto

DaftAjax

sr. member

Activity: 532

Merit: 284

Quote from: LUCKMCFLY on October 16, 2019, 11:32:15 PM

1) ....you must apply the techniques of the big investors, which is "Wait as long as necessary, until you get a gain ".

2) Volatility is usually a double-edged sword .

3) Volatility can do everything faster, but the key is knowing how to wait, in fact, now is a good time for investment, I have as a premise that the value of Bitcoin of less than $ 10k is always a good price.

1) I don't know where you heard this from, but that's not how (big) investors do their thing. They're on constant watch to the Market price charts, and every time they see profits they will not hesitate to trade, rinse and repeat. Holding is not really an investors strategy, but a Hoarder.

2) I can sympathize with this. You could use Volatility to your advantage if you know what you're doing.

3) Though we could argue that statical-prediction does not really portray the actual result, but we can at least expect something, rather than going in blind.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

The biggest danger is that the money you decide to invest, you don't need it, not even for an emergency, because at the time of allocating that money you must apply the techniques of the big investors, which is "Wait as long as necessary, until you get a gain ".

You cannot fall into despair when the market does not move in your favor, suppose your currency is Bitcoin and has a low price, you can not sell out of fear, because it would fail completely in investment, Volatility is usually a double-edged sword .

In Bitcoin, the movements are generally fast, due to their volatility, compared to the stock market, important movements occur every 8 or 10 years.

Volatility can do everything faster, but the key is knowing how to wait, in fact, now is a good time for investment, I have as a premise that the value of Bitcoin of less than $ 10k is always a good price.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: mitchr4 on September 26, 2019, 09:24:15 AM

Quote from: ?? on ??

Quote from: Mulann2 on September 26, 2019, 09:00:23 AM

It will be highly risky to use your life savings or take loan from the bank to invest on crypto especially alts coins, but if you all in btc, it is risky as well but if you are patient enough it is worth it, if i had invested my life savings in btc alone in 4-5 years back, i would be singing a different song by now Grin

Compounding interest is a sure thing though and it's going to hurt, I would never take a loan to invest in crypto, I can already barely stand the huge swings, imagine if you're borrowing the money, heart attack city.

The longer the time period to repay the loan, the higher interest to be paid in accordance with the initial agreement. Of course, taking a loan is a very risky thing, especially using that money to invest in crypto, which is not certain that we will get profit quickly. This will make it hard for us to repay loans because of this pressure.

That is why it is not advisable to get loan to invest in bitcoin, for me, I save up portion of my salary to invest in bitcoin little by little though we can trust bitcoin our savings but it may take sometime, the profit is not instant, it may take months or even year to get profits because the price is very unpredictable and if you get loan the interest loans is becoming bigger the longer you pay them. This will only make your life hard because you will worry how to pay your loan and at the same time worry about the price.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: Naughty Princess on October 16, 2019, 09:54:13 PM

Quote from: darthmaul on October 16, 2019, 05:47:17 AM

There are two types of dangers involved here. One is the risk of hacking or phishing while other is risk of volatility and losing your money. Especially if you have invested money in shit tokens they are more likely to fail and you will end up with nothing therefore avoid such things.

I agree. When you know nothing about what you are investing, you end up losing. If you cannot handle your emotions on investing, you might end up losing too. You have to understand things in crypto and how to play with the volatility to avoid the crush. Crypto is very risky because of many fraud created that when you take their bait you will be the victim.

Searching and investigating is one of ways we should do on our part if we don't want to get scam easily, as per me, I am reading some of scam revelations about other person, so I can learned from their experiences, don't invest much of your money especially if you don't have savings yet, it is fine to take risk but not at all as it is not easy to earn money.

Naughty Princess

full member

Activity: 952

Merit: 107

Quote from: darthmaul on October 16, 2019, 05:47:17 AM

There are two types of dangers involved here. One is the risk of hacking or phishing while other is risk of volatility and losing your money. Especially if you have invested money in shit tokens they are more likely to fail and you will end up with nothing therefore avoid such things.

I agree. When you know nothing about what you are investing, you end up losing. If you cannot handle your emotions on investing, you might end up losing too. You have to understand things in crypto and how to play with the volatility to avoid the crush. Crypto is very risky because of many fraud created that when you take their bait you will be the victim.

gandame

hero member

Activity: 924

Merit: 505

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/

There is danger by investing in cryptocurrency. Why? Because you may lose your money. Like investing in altcoin you can lose your money if the altcoin become Dead.
But if you choose only bitcoin or ether is much better but waiting is need for this investment because the price now is down.

Xxmodded

sr. member

Activity: 2254

Merit: 309

Seabet.io | Crypto-Casino

The danger side with cryptocurrency only with price suddenly drop, we can't prediction about bitcoin how back lower price, just big investor know when bitcoin up or down. Cryptocurrency give many surprise for you when you make investing have higher or lower price, you can invets with bitcoin but you have ready when bitcoin or your investment go to lower price.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

There are a lot of dangers in investing in crypto. One of them is volatility. Also, the crypto space is full of scams. legit projects are very few and a lot of exchanges manipulate their volume. This are just a few among them. since it is not regulated, a lot of unethical behavior full everywhere

rodel caling

full member

Activity: 952

Merit: 104

The danger investing inside crypto currency is if you didn't know how crypto handle well in times of drops because of high volality fluctuations and most important thung to avoid danger and loses our investment always remember if the price dropping do not panic just be patience and hold crypto investment that way I believe can control the dangerous risk investing in crypto.

barabarian1

sr. member

Activity: 938

Merit: 250

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/

yes you are very dangerous when we enter cryptocurrrency without knowledge and just follow the trend. and think crypto is how to get rich quick. To succeed in crypto requires patience and also hard work. we must learn about cryptocurrency in earnest before investing. and I suggest that when investing crypto don't use borrowed money it's very risky. because we never know when coins will rise and fall. better start investing crypto with small capital but the money itself is not a loan.

Topic: What are the dangers inside cryptocurrency investing - page 2. (Read 1408 times)