Investing in Bitcoin, or any cryptocurrency for that matter, can be risky and there is always the possibility of losing money.
That being said, many people have made significant profits from investing in Bitcoin, and it has become a popular investment option for those looking to diversify their portfolios. Some people even consider Bitcoin to be a form of digital gold, and a hedge against inflation and economic instability.
If you're still interested in investing in Bitcoin, it's advisable to only invest what you can afford to lose
Topic: whether investing in bitcoin many lose - page 2. (Read 270 times)
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
Firstly welcome to the forum, there's so much to learn and you shouldn't rush any of them. Take your time and make sure you understand properly what you're learning and not stopping halfway as that can be very dangerous. When it come to exchange to buy Bitcoin, we have centralized and decentralized ones. Personally I don't care where you buy your coin but make sure you're holding them in a decentralized wallets that gives you full control of your coins by issuing you your private keys. Bitcoin investing is actually safer than other investment out there as it gives you a chance to be incharge of your investment and not trusting some broker or centralized service providers to handle your portfolio for you.
As for the price fluctuations, that's what make the market very interesting and entertaining to follow. You can avoid all this by just been a holder in which you just buy and hold unto your coins but if you want to partake in the speculations of the price through trading, that too is safe if you understand what you're doing. If Bitcoin investment wasn't safe, it won't have gotten as big as it currently is and lasted more than a decade, so no need to be scared of the market.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not?
Don't judge the quality of the investment based on the returns you get or don't get. You know, a Ponzi scheme can give you 100% returns at the right time, but that doesn't make it a sound or recommended investment. If you buy bitcoin now at $21k and it drops down to $19k, that doesn't make it a bad investment. The market moves in cycles and right now we are in a negative one. If you are going to need the little money that you have (because you said you don't have much for investments), in 1-2 months, it's better not to invest it. A good investment is a long-term commitment. Look at 2 or 3 years from now. The global economy is in a bad spot overall now. ...and I can guarantee you that in the comings months, your invested money would have doubled or triple
No, you can't! You can't possible know where Bitcoin will be a few months from now. I think we are in for new drops and shake-outs before things get better towards next year hopefully. Everything is speculation, while the market has its own rules. 
Take a look at bitcoin’s price history. Seeing the historical charts should give you a good idea on what to expect.
As for wallets and exchanges, you have a lot to learn. https://cryptosec.info/wallets
As for wallets and exchanges, you have a lot to learn. https://cryptosec.info/wallets
It's good you have pointed out your inefficiency, but you will still be the decider eventually. Bitcoin could be used to send and receive money, you can hold it, in which your gains or losses will be proportional to the market price, and you can decide to trade it. These three categories have their benefits depending on what you want, and they show that Bitcoin dealing is not useless in any ramifications.
But trying to make money through Bitcoin is technical, you need full knowledge of trading and investment which anyone cannot single-handedly teach you here. So investing now when you don't have basic knowledge is too risky and will surely make you lose.
Invest only when you are fully prepared for the task ahead.
But trying to make money through Bitcoin is technical, you need full knowledge of trading and investment which anyone cannot single-handedly teach you here. So investing now when you don't have basic knowledge is too risky and will surely make you lose.
Invest only when you are fully prepared for the task ahead.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
but is investing in bitcoin really safe or not?
Bitcoin is safe but not for people like you. Before you decide to invest in bitcoin you should gather lots and lots of information about it, as from what you are asking it seems you have no idea.
Deciding to buy bitcoin should not be based on what we tell you but on what you are clear about:
1) Why you are buying (because they tell you in a forum or because you have understood what bitcoin is?)
2) Where you are going to buy (DEX are usually better than CEX for privacy).
3) How are you going to store it (online or are you going to keep your private keys?).
4) How much you are going to buy and what system (are you going to buy a lump sum all at once or are you going to make recurring purchases, known as DCA?)
5) How long are you going to HODL and on the basis of which system (again, do you plan to sell all at once in the future or do partial sales in bull markets?)
Please understand that Bitcoin is not a stable digital asset, it fluctuations in value every time, I believe that's an unsafe area for a newbie that doesn't how Bitcoin works, so it is better if you can invest only what you can afford to lose. The good side is it also appreciates, for example right now you can buy Bitcoin, because we are in a bear market, use DCA ( Dollar Cost Average ) and I can guarantee you that in the comings months, your invested money would have doubled or triple, it's a game of patience, how long you willing to keep DCAing and holding your Bitcoin, the best time to sell will come.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
and what is a good application for buying and selling crypto, and is it safe?..............
Depends on your perspective to define "safe".and what is a good application for buying and selling crypto, and is it safe?..............
In terms of security:
Investing in Bitcoin is really safe as long as you hold your coins on hardware wallet or cold storage, but if you leave your coins on web wallet, closed source or exchange, you have a chance to lose all of your coins in the future.
In terms of price:
Bitcoin have been proven to recover from dump market for multiple times and most of the time you will make a good profit after holding for around 4 years. You might lose in the first 1-2 years, but the next 2 years you will make money, although there's no 100% guarantee.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
If by safe you mean guaranteed profits or no risk of loss, then there is no investment that is 100% safe.If you do adequate research and understand the underlying value of Bitcoin, and plan out how to buy so you are not tempted to panic sell; you'll be able to hold till your desired profit range.
What causes people to lose is when they rush into investing as the price rises and panic to sell if it drops, cause it's a volatile market. Or when they invest more than they can afford to lose and eventually need that money soon after to settle real life problems.
and what is a good application for buying and selling crypto, and is it safe?..............
Bitcoin is a decentralized, immutable, unregulated form of transacting from one user to another. It frees one from the control of centralized authorities.
I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
and what is a good application for buying and selling crypto, and is it safe?..............
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...
and what is a good application for buying and selling crypto, and is it safe?..............
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