Topic: What are the dangers inside cryptocurrency investing - page 9. (Read 1408 times)
Investing in cryptocurrencies can lead to a loss of deposit. The more passionate an investor, the more risk he exposes his deposit. If you invest in top cryptocurrencies, then even if the price goes down, you will lose only part of the portfolio. By investing in unknown coins, the loss can be significantly higher, up to zero. Therefore, the share of such coins in the portfolio should be no more than 10-20%. It is also always necessary to diversify risks, that is, invest in different trading instruments.
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.
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/
I do not agree if you invest in crypto using a loan.
Cryptocurrency price movements that are very volatile not only have the potential to gain profits, but also pose risks.
We can experience a large loss in only a short time because the price is very fluctuating.
It better to use savings. So if you lose, you can still hold it until the price goes up and not get into debt.
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.
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!”
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!”
Three years ago you can say that to anyone interested to invest in Cryptocurrency, I even read an article that sold all their properties because of the promised huge return of their investment check the article here https://cryptobriefing.com/bitcoin-family-still-living-the-dream-despite-market-slump/
But today if you are coming in the market you cannot apply what works three years ago, it's very different today than 3 years ago, you must be smart, updated and brave to risk investing in a new coin and putting your hard-earned savings will put you in trouble when you made a bad decision, so only invest what you can afford and only add when you are 100% sure of your investment.
Quote
Re: What are the dangers inside cryptocurrency investing
Cryptocurrency is new and since its an emerging market, there is a need to fine tune some of its flaws. Scammer are plaguing to benefits from this emerging market.Because of this, risk is higher. Its better to study and do more research first before diving in this new industry. Once you know the systems, this new technology is very promising.
Another risk is, people and investors are rushing to use this technology something like a race.In the long run, a few will emerge successful and more will lose as it progress. Lack of use cases, applications on daily lives makes this project failed.
Some project focused only on monetary gained and engaged only on hype. Pump and Dump on exchanges and gone.Project failed.
of course all investments have risks, in cryptocurrency, if you don't understand maybe you will lose a lot of money if you don't understand .. but we see the fact, more people are successful at playing cryptocurrency than people who fail
Friendly advice that doesn't take a loan if you are planning to invest in bitcoin. Just use your personal savings either but those you can afford to lose. This is sort of gambling because your capital may put in risk while investing but as long you can patiently wait your investment capital will be fine. Choose good potential coins to invest not just a random that you like, remember always that Do Your Own Research first before going to invest. People must understand how the market works and willing to wait until your profit was there.
Once the money is involve on investing, that is the time were your capital already in risking part. Not only in crypto currency but also in some category of business as well. But since that we are in crypto industry, it is very risky because you/we are buying digital currency or engaging in online schem of investment which there are no 100% guarantee that it can become a real money in my own opinion mate.
Obviously scam projects, it's our risk when investing to any platform because we didn't know if it's legit. Some people are just spending money without checking the legitimacy of any exchange or platforms. But I think it's normal to risk since it will reward you high profit too.
Learn about cryptocurrency so you'll absolutely avoid being scammed.
Learn about cryptocurrency so you'll absolutely avoid being scammed.
Many new adopters get scamming by investing or cloud mining. and there are still many people affected by things like that. Avoid unclear investments and understand the ponzi scheme. that is mostly case investment in crypto its all about. ponzi thing.
The danger associated with investing in cryptocurrency would stem from the lack of security and guarantee of payments.
Unlike conventional and traditional methods of investing, your money is backed upon by security and collateral in case the investment fails. In stocks, you will always have the choice to cash out your investments based on trend, data, and research. Also be reminded that all of these are governed and managed by a company and regulated by laws.
In cryptocurrency, the returns may be relatively higher and faster but the risks associated is proportionate to the amount you invested. Meaning, there will be no guarantee and security that you'll receive your amount in case the market fails. There are already instances wherein people invested in bitcoin but its price plummeted to the ground.
Unlike conventional and traditional methods of investing, your money is backed upon by security and collateral in case the investment fails. In stocks, you will always have the choice to cash out your investments based on trend, data, and research. Also be reminded that all of these are governed and managed by a company and regulated by laws.
In cryptocurrency, the returns may be relatively higher and faster but the risks associated is proportionate to the amount you invested. Meaning, there will be no guarantee and security that you'll receive your amount in case the market fails. There are already instances wherein people invested in bitcoin but its price plummeted to the ground.
if you don't understand bitcoin, don't start trading bitcoin because it's very dangerous because if you don't know about bitcoin, so you have to understand bitcoin before you invest in bitcoin or trade bitcoin if you don't want to experience huge losses
I guess people who are prone to the danger in investing in crypto are those who are not fully aware of how the market works. Sometimes the hype in the market entices people to put all their money in crypto without even understanding the risk of what they are getting into. One friend of mine a few years ago when we are both new in crypto had earned $1,000 when he first invested. And being too confident on the crypto market, he even sold some of his personal belongings and property put all in crypto and had lost multiple times of what he first earned. A lesson that would really hit you so hard. Always invest what you can afford to lose, and never be to complacent that crypto will always bring you great fortune if you are a risk taker.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Investing in a cryptocurrency will have a risk because of the volatility, and I think you already knew it, but maybe people in out there don't know that. They invest their money in cryptocurrency because they read some news that when they can invest let say $10k, they will make a bigger profit in some short time. Well, that is not true because if they get involved deeper in the crypto world, they will see that news is wrong, and they will leave the crypto after they know the truth.
We don't suggest people to take a loan to invest in cryptocurrency nor investing all of their money because the risk will bigger than they can thought. We don't want to see they are lose all of their money because of the volatility or they don't want to learn more about how to make a profit from the cryptocurrency. But we can let them decide.
We don't suggest people to take a loan to invest in cryptocurrency nor investing all of their money because the risk will bigger than they can thought. We don't want to see they are lose all of their money because of the volatility or they don't want to learn more about how to make a profit from the cryptocurrency. But we can let them decide.
Obviously scam projects, it's our risk when investing to any platform because we didn't know if it's legit. Some people are just spending money without checking the legitimacy of any exchange or platforms. But I think it's normal to risk since it will reward you high profit too.
Learn about cryptocurrency so you'll absolutely avoid being scammed.
Learn about cryptocurrency so you'll absolutely avoid being scammed.
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/
At first, I know Crypto produces huge gains very easily. So I am also interested in investing. I took my savings money and at the moment it was pretty big. The gains I get are great, but I can also lose it quickly. I may have good fortune, despite the loss of money, but I have made many profits.
For now, for those of you who want to invest and trade better, learn about crypto. You know better the risks you can get in this industry. So you can take the next step to determine the capital you're going to use.
investing in crypto mostly on ICO projects or cloud mining is very controversial because the nominal needed to to get real profit or get ROP ASAP like that always ended as fraud investment . and with the truth of investing in the internet this is an opportunity for them to make their way to make instant money . and sadly still many people fall for it.
I don't recommend taking out a loan for any investment unless you are a professional investor. Volatility is not the only danger of investing into cryptocurrency. There are many risks associated such as being an unregularized environment. Then we've got to acknowledge the fact that cryptocurrencies are a high risk, high reward bet. The blockchain technology is being adopted for sure, but that does not mean that Bitcoin for the example sake will be the world currency. Governments might just issue their own cryptocurrencies and people might just go with that.
The truth is that most people are not really "hungry" for anonymity and privacy/freedom. In a way they want to be protected by the governments and want a currency that is regularized from all points of view. But if Bitcoin gets adopted it will be huge. So as I said: high risk, HIGH REWARD!
The truth is that most people are not really "hungry" for anonymity and privacy/freedom. In a way they want to be protected by the governments and want a currency that is regularized from all points of view. But if Bitcoin gets adopted it will be huge. So as I said: high risk, HIGH REWARD!
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!”
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!”
I recommend using your earnings and savings if you really want to invest in cryptocurrencies but never take out a loan just for this, because you'll just add problems in your life, you might be wondering why, well let me tell you. If you don't have any earnings or savings as of now and you wanted to invest in cryptocurrencies to take advantage of the market and decided to take out a loan, then you'll just end up having too many debts, we don't know when the bull market will come, and the payment you need to pay when you take out a load will not wait for it.
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/
Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/
It is not a horrible idea just because someone posted an article that he didn't end up well when he invested his money on cryptocurrencies, we have different choices in life so maybe I guess he made the wrong choice or maybe he is not just a fan of cryptocurrency.
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!”
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!”
I recommend using your earnings and savings if you really want to invest in cryptocurrencies but never take out a loan just for this, because you'll just add problems in your life, you might be wondering why, well let me tell you. If you don't have any earnings or savings as of now and you wanted to invest in cryptocurrencies to take advantage of the market and decided to take out a loan, then you'll just end up having too many debts, we don't know when the bull market will come, and the payment you need to pay when you take out a load will not wait for it.
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/
Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/
It is not a horrible idea just because someone posted an article that he didn't end up well when he invested his money on cryptocurrencies, we have different choices in life so maybe I guess he made the wrong choice or maybe he is not just a fan of cryptocurrency.
Jump to: