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Author Topic: Why believe cryptocurrency is good investment?  (Read 22504 times)

Offline Master107

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Why believe cryptocurrency is good investment?
« on: December 02, 2020, 12:14:54 PM »
You know that banks and gold are good to invest for long term. Your banks investment will earn few money interest within a year/s, it is safe investment though.
Your gold investment is safe as banks for both are stable investment.

If you invest in cryptocurrency the higher risk because of unstable movement of market. The chance to win higher profit than gold and bank investment in a short time is possible (know as quick rich especially in bull run), the same to lose in a day(drastic fall). By the way it depends on what kind of your crypto investment.

In some time there are circumstances and unexpected situations in cryptocurrency but why need to believe that it is good investment?

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Why believe cryptocurrency is good investment?
« on: December 02, 2020, 12:14:54 PM »

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Offline trauchot

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Re: Why believe cryptocurrency is good investment?
« Reply #1 on: December 02, 2020, 01:46:33 PM »
Of course, it is best to invest in cryptocurrencies than in gold or in banks, but in order to invest in cryptocurrencies you need to understand the cryptocurrency field and then you can earn very good money from your investments in cryptocurrencies, but of course there are risks in investments in cryptocurrencies, but there are also risks in investments in banks and in gold, but in investments in cryptocurrencies there are a lot more risks of course.
« Last Edit: December 02, 2020, 01:49:03 PM by trauchot »
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Offline shadowdio

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Re: Why believe cryptocurrency is good investment?
« Reply #2 on: December 02, 2020, 02:41:23 PM »
In my opinion investing in the banks yes it is safe but not good because low interest. Investing gold I guess it's good but still low but crypto, yes it is so risky investing in cryptocurrency but if you pick the top altcoins in the market for sure you can make profit in the future.

Offline bigcash2011

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Re: Why believe cryptocurrency is good investment?
« Reply #3 on: December 02, 2020, 02:43:43 PM »
Crypto has been proven to be the best performing investment asset historically, do not forget that bitcoin was available for 1 cent in 2009 and now check the price and profit yield after an year btc price will achieve new big milestones in terms of value so the profit percentage will explode even more.

Offline Confero

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Re: Why believe cryptocurrency is good investment?
« Reply #4 on: December 02, 2020, 03:10:10 PM »
We can invest in Cryptocurrency which is said to be good if we choose Crypto coin investment that has the best potential, In this case I say Bitcoin is the best Cryptocurrency.  Because the price of Bitcoin always increases every year, the condition for getting this benefit is that we must be patient waiting for the price to rise.  Because after all the increase in the price of Cryptocurrency when compared to Gold or Investing in a Bank, this Cryptocurrency is much higher and profitable.

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Re: Why believe cryptocurrency is good investment?
« Reply #5 on: December 02, 2020, 03:19:24 PM »
While we are waiting for alt season we can reassure ourselves we invested in alts instead of Bitcoin because we only want "modest returns" lol

Therefore lowering our expectations as Bitcoin continues to dominate

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Re: Why believe cryptocurrency is good investment?
« Reply #6 on: December 02, 2020, 03:22:40 PM »
I believe that investing in cryptocurrency is more profitable than investing in a bank. But I also realize that investing in cryptocurrency is very risky, so I don't put too much of my assets on crypto investments, only about 30% of the assets I have are in crypto.
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Re: Why believe cryptocurrency is good investment?
« Reply #6 on: December 02, 2020, 03:22:40 PM »


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Re: Why believe cryptocurrency is good investment?
« Reply #7 on: December 02, 2020, 03:26:00 PM »
I believe that cryptocurrency as the best investment can be considered for several reasons, and the first is the possibility of obtaining high and fast profits due to the volatility of cryptocurrencies. In addition, if the cryptocurrency market achieves the desired development result, then cryptocurrencies, and most importantly bitcoin, will become the greatest value in the cryptocurrency market and at the same time will act not only as a means of payment, but also as a storage for their savings. At the same time, you will be able to use your cryptocurrencies and not give a report to tax structures.
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Re: Why believe cryptocurrency is good investment?
« Reply #8 on: December 02, 2020, 03:41:15 PM »
I think investing in cryptocurrencies is much better than investing in banks and gold. Because the investment risk in the bank is less but the profit is very low, from there it is reduced after deducting other charges including tax. Apart from this, there is a fear of bankruptcy. Profits from investing in gold are also very limited. Investing in cryptocurrencies, on the other hand, is much more risky but the return is many times higher; If you understand the cryptocurrency field, the risk is greatly reduced.
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Offline Review Master

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Re: Why believe cryptocurrency is good investment?
« Reply #9 on: December 02, 2020, 05:02:39 PM »
but why need to believe that it is good investment?

I will explain that with real example. In 2017-2018, more and more newly investors took entry on Bitcoin when it's traded at ATH level zone and they got themselves as rekt. At this time, they are almost close to take profits if they hodl for those 3 years. So, cryptocurrency or bitcoin is a good investment for long time, not for short time.
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Offline zulfi125

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Re: Why believe cryptocurrency is good investment?
« Reply #10 on: December 02, 2020, 05:40:39 PM »
Cryptocurrency is a good investment due to the growing crypto market day by day, and every country will adopt this in the future, and every institution will use cryptocurrency; as you know, Facebook is also using crypto, PayPal also added crypto wallets, and there are more institutions using crypto XRP to send and receive fast payments so the demand of bitcoin and crypto will increase in future and I suggest we should hold strong cryptocurrency like BTC or ETH for future investment
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Re: Why believe cryptocurrency is good investment?
« Reply #11 on: December 02, 2020, 05:48:23 PM »
Investing in gold and banks also comes with risks. Even though the percentage of risk is small, we need to be careful. Gold has also experienced falling prices, but it is the trust that keeps people investing there. The same is with crypto. If people believe and are interested in crypto then they will invest there even though the percentage of risk is greater than other investments. Of course I don't just invest in crypto for my life
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Re: Why believe cryptocurrency is good investment?
« Reply #12 on: December 02, 2020, 07:17:12 PM »
Cryptos are very versatile, while it's possible to have huge profits (and huge risks) if you speculate on coins that are new or low-priced, you can also trade them to profit from the volatility, and if you use good analysis and a working strategy, it can be a lower risk option too (not as low-risk though as investing in bonds or gold, of course).
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Re: Why believe cryptocurrency is good investment?
« Reply #13 on: December 02, 2020, 08:53:53 PM »
It is possible to make a profit by investing in cryptocurrency, but you need to have a lot of knowledge about the cryptocurrency market. Every investor needs to keep abreast of market changes. The chances of cryptocurrency are much higher. Cryptocurrency is believed to be the second largest source of income worldwide. So I think cryptocurrency is spread all over the world.

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Re: Why believe cryptocurrency is good investment?
« Reply #14 on: December 02, 2020, 09:01:32 PM »
"Speculation is at the heart of the cryptocurrency market. Obviously, price speculation is present across all assets, but most thriving cryptocurrencies have survived largely thanks to speculation about their anticipated applications and promised potential."

 

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