Topic: What are the dangers inside cryptocurrency investing - page 8. (Read 1408 times)
Day trading is a risky proposition in the cryptocurrency space. the swings are so large that you never know what is going to happen on a day-to-day basis. It could be that the price Rose then you sold only to lose all your money because you were trying to get a 1% profit, but you have to buy it at a higher price because you made a mistake.
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 seems to me that those who take money on credit in order to buy cryptocurrency almost no.People still got smarter over time.Who still decided to take out a loan-you have to understand that you very much at risk of losing their assets.Volatility is both good and bad.But in this case - badly. 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 danger of investing in the world of Cryptocurrency in my opinion is, there are many risks that we do not know about the world of Cryptocurrency in investment, because prices cannot be predicted briefly without knowing more clearly in exchange, and not to mention the theft of money that you invest when a fraudster shrinks in what that you have invested, so basically if you want to invest in Cryptocurrency you must have good knowledge and experience to do it.
I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
The reason behind this sudden price drop of bitcoin is because China banned mining(if I'm not mistaken) correct me if I'm wrong, and hashrate's dropped. I just want you to know that these are just normal scenarios, that bitcoin's price is going up and down from time to time because of its volatility, making it harder to predict. There is no danger in cryptocurrency, because this bearish market is also an advantage to the poeple whow wants to invest in cryptocurrency.
and in no time, bitcoin's price would go back to normal, I hope the bull is coming soon.
Cryptocurrency investment is very risky, I strongly do not recommend to investing if you do not have knowledge about cryptocurrencies. because out there, there a lot of fraud, scams and cybercrime, cryptocurrency investment without knowledge you will be an easy target.
better do a research first so you know, how investments work, how to avoid fraud and cryptocurrency that is worth for investing in.
Having a knowledge of a person when they enter to the cryptocurrency can prevent him to lost his capital or the money that he use in investing to cryptocurrency. We know there is a lot of danger in cryptocurrency and better for every investors to aware of every ways that have possible to lost. But if the investors avoid all the scam or any bad investment the good profit they get for sure. Knowledge is very important so keep learning is needed even a person who lots of knowledge in cryptocurrency they still researching and discovering new knowledge that can help for them to grow and to use so they can be able for them to get more money. better do a research first so you know, how investments work, how to avoid fraud and cryptocurrency that is worth for investing in.
The danger of investing in this industry if you went too far like for example selling something valuable just to earn big when a bull run comes.
No one in this community can tell you the exact date of bull run cause everyone is waiting for that moment too.
The problem here is If those people say some hype about the happening of the bull run where $1,000 can turn into $10,000 in a single week.
these ignorant people make a decision so fast and sometimes they went too far by selling their house or some personal properties just to buy bitcoins.
In worst cases, they went to take some loan to buy it without even thinking about the possible consequences.
If you already bought some with all you've got and you see the price has become higher before you bought it, you really need to think about selling it right now because you may not have a second chance to see a price like that.
No one in this community can tell you the exact date of bull run cause everyone is waiting for that moment too.
The problem here is If those people say some hype about the happening of the bull run where $1,000 can turn into $10,000 in a single week.
these ignorant people make a decision so fast and sometimes they went too far by selling their house or some personal properties just to buy bitcoins.
In worst cases, they went to take some loan to buy it without even thinking about the possible consequences.
If you already bought some with all you've got and you see the price has become higher before you bought it, you really need to think about selling it right now because you may not have a second chance to see a price like that.
IMO the only danger in crypto investing that does not depend on you and your knowledge is manipulation, especially from the government. Without regulators Bitcoin would be progressing in its own pace and I'm willing to bet a lot of money that it is going to be successful anyway, even with all the regulators and FUDsters.
Currently I have more that 90% of my money in cryptocurrencies (mainly Bitcoin) and maybe 5% in fiat. I haven't taken any loans, it's money that would otherwise be in a bank and I prefer to keep it in crypto because the interest in a bank is a joke. So far this has been working out pretty well for me and if someone asks me I'll honestly tell them to buy bitcoin. The ups and downs you see on the daily chart don't matter. Buy, hold, forget about it, and come back in a year or two.
Currently I have more that 90% of my money in cryptocurrencies (mainly Bitcoin) and maybe 5% in fiat. I haven't taken any loans, it's money that would otherwise be in a bank and I prefer to keep it in crypto because the interest in a bank is a joke. So far this has been working out pretty well for me and if someone asks me I'll honestly tell them to buy bitcoin. The ups and downs you see on the daily chart don't matter. Buy, hold, forget about it, and come back in a year or two.
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/
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/
Is it necessary to start with large volumes for investment? In my opinion, to gain experience you do not need to take loans and invest. For trading, it is also enough to start from a sum of about $1k. It all depends on how you analyze the market and act and not on the amount of investment.
I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
government banning them in a bad manner ? i didnt know that banning can be a good or bad. what i know is that once they ban it , they are bad because they dont hear what others are saying or feeling. they didnt know that people actually loves to use cryptos.
about the other one , price going up and down . that is normal because cryptos built that way except to those stable coins . this can be taken care of , like what you said because people can hold to not loose when the value is down or they can also buy . then they can sell once the value goes up
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/
Danger inside the cryptocurrency investing is ,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 without a plan just joining because it is on trend or investing without even considering the risk.
We shouldn't just invest in something just because we have seen someone gain from it we should also know the risk and do some plan in order to have a successful investment.
And always remember that invest only what you could afford to lose,
I don't think that it would be a good idea to invest your life earning or saving or even take a loan ,
Because those idea could really destroy you if your investment go bad.
The dangers are GREED and EMOTION and these two things dictate the losses and the profits that can be gained from Crypto currency investments. People SELL too early because of these two factors and when they lose money, they want to blame Crypto currencies.
You cannot allow GREED and EMOTIONS to come into play, when you deal with Crypto currency investments, because it will lead to mistakes. Bitcoin is not like other commodities or financial investment tools, because it is very volatile and you can be fooled to sell too early or to buy too late.
Also make sure to protect your tokens, after you bought them on the exchange.
You cannot allow GREED and EMOTIONS to come into play, when you deal with Crypto currency investments, because it will lead to mistakes. Bitcoin is not like other commodities or financial investment tools, because it is very volatile and you can be fooled to sell too early or to buy too late.
Also make sure to protect your tokens, after you bought them on the exchange.
You can say that greed is a product of people's emotions in certain instances. And i agree that giving in to one's emotion can be very problematic especially for a new trader. By nature, the movements in crypto trading is heavily fluctuating more than your stocks or forex trading. It can trigger emotions that can dull anyone's decision making. Anyone who's ever had to hold on to their assets during a massive dump will be aware of that urge to sell at a loss.
I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
The dangers are GREED and EMOTION and these two things dictate the losses and the profits that can be gained from Crypto currency investments. People SELL too early because of these two factors and when they lose money, they want to blame Crypto currencies.
You cannot allow GREED and EMOTIONS to come into play, when you deal with Crypto currency investments, because it will lead to mistakes. Bitcoin is not like other commodities or financial investment tools, because it is very volatile and you can be fooled to sell too early or to buy too late.
Also make sure to protect your tokens, after you bought them on the exchange.
You cannot allow GREED and EMOTIONS to come into play, when you deal with Crypto currency investments, because it will lead to mistakes. Bitcoin is not like other commodities or financial investment tools, because it is very volatile and you can be fooled to sell too early or to buy too late.
Also make sure to protect your tokens, after you bought them on the exchange.
Major "dangers" for traditional investors are
This all leads to uncertainty and manipulation which increase the risk associated with crypto trading. But higher the risk, higher the return. Because of the high volatility, you cam make avg of 20% in day trade. And if you trade futures, you can multiply those returns which is more than any traditional investment.
- Unregulated environment
- High volatility
- Major concentration in few hands
- Less volume
This all leads to uncertainty and manipulation which increase the risk associated with crypto trading. But higher the risk, higher the return. Because of the high volatility, you cam make avg of 20% in day trade. And if you trade futures, you can multiply those returns which is more than any traditional investment.
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/
I agree if anyone is trying to invest their hard earned money into crypto the losses can be really painful. The problem is that currently there are no laws, no standardised and un biased markets, no control over volatility and most importantly no team working upon their idea promised in whitepaper. So all the altcoins are worthless pieces of shit if their teams are not working upon it because it technically has zero networth if they are not generating any business. Currently these altcoins are floating much low below there ICO prices. So I would not suggest anyone to invest everything here. Invest only that much which you can afford to lose. 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/
Very large volatility value! Investment is risky, but the return is good if successful!
Dangers inside cryptocurrency investing is obvious as you can see today. If the forces are with you then the moment you invest the market will look like uptrend from your point of view but things may go against you also.
Just see this week analysis, The BTC was 10k usd plus and was trading smoothly, suddenly a 21 percent dump and we are left on 8k usd. 2000 usd is a lot of difference which you and i cant afford to lose.
I just advice to everyone , be careful while investing in anything and more careful while investing in cryptocurrency.
Just see this week analysis, The BTC was 10k usd plus and was trading smoothly, suddenly a 21 percent dump and we are left on 8k usd. 2000 usd is a lot of difference which you and i cant afford to lose.
I just advice to everyone , be careful while investing in anything and more careful while investing in cryptocurrency.
Sadly I agree with you. Actually invest in altcoins by life savings is a horrible idea, whoever did this in recent time, they are regretting sure! Invest what you can lose, don't invest by your life savings in crypto. Do you want to take the risk? Invest in Bitcoin! Bitcoin won't betray you, soon or later you can make a profit if you buy Bitcoin at a lower price.
Investment with solid project also gives you the opportunities to receive good outcome. There's a lot of opinions regarding with taking the risk around this industry. It's hard to invest money that you are not ready to lose especially if the money is your savings. Chances that you'll see downfall are always possible. You have to specify your investment risk management. It's dangerous to those who are not willing to take the risk and always find emotions to be at the top of their decision-making. 
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/
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/
More than ever there's a lot of dangers now, people coming in now at this point of time needs to read a lot, communicate a lot and educate himself on the risk in investing in Cryptocurrency, it depends on your risk appetite you can opt to look for a new coin and be one of its early investors.
if you want to be on a safe side then invest in more stable coins in the market, no guaranty but you can always cut your losses because it's already in the market and there's a big chance of bouncing back.
In cryptocurrency investing it is involved of risks and there is dangers when you put money in crypto. This is why mostly advised to study and learn about cryptocurrency before investing your money. It is not the way that automatic your money will grow. Learn first and understand the flow in this industry without learning it you will lose money.
You're right with what you said but logically every investment has it own risk/danger involving but the danger in cryptocurrency investment are 1) selecting the wrong coin/token.2) not have the required patience
3) exit the market at the wrong time
4) Using insecure wallet
5) Keeping much coin/token on an exchange site.
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