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Author Topic: How safe is cryptocurrency?  (Read 9501 times)

Offline cryptoworld1

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How safe is cryptocurrency?
« on: August 20, 2023, 09:07:47 AM »
Compared to other asset classes such as stocks and government bonds, investing in cryptocurrency  can be considered very risky.While cryptocurrencies are generally seen as legal across Europe, may aspect of cryptocurrency remain unregulated- or may be subject to shifting regulations.Fluctuating regulations are apart of what can make crypto markets more valnerable to instabilty as saw in summer of 2021 when china's crackdown on crypto-related activities coincided with drop in bitcoin's price.

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How safe is cryptocurrency?
« on: August 20, 2023, 09:07:47 AM »

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Offline MVL~$

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Re: How safe is cryptocurrency?
« Reply #1 on: January 01, 2024, 09:17:07 AM »
Just as it is difficult to say that cryptocurrency is safe, it is also very difficult to say that cryptocurrency is safe. Because it will be safe for you if you protect the privacy with your account and other things and keep your privacy security properly. Cryptocurrency will be safe for you only when you have a proper understanding of its security and you reflect the knowledge taken from it in your real life. If you are investing your money in cryptocurrencies, you need to know very well about the token or coin you are investing in and about the crypto market. Because when the market goes down, you can get hurt. But you can't blame cryptocurrency for that. Cryptocurrencies are often neutral, when something illegal is done with them. All in all, it has its pros and cons as well.

Offline Wiseman

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Re: How safe is cryptocurrency?
« Reply #2 on: February 16, 2024, 07:58:37 AM »
Just as it is difficult to say that cryptocurrency is safe, it is also very difficult to say that cryptocurrency is safe. Because it will be safe for you if you protect the privacy with your account and other things and keep your privacy security properly. Cryptocurrency will be safe for you only when you have a proper understanding of its security and you reflect the knowledge taken from it in your real life. If you are investing your money in cryptocurrencies, you need to know very well about the token or coin you are investing in and about the crypto market. Because when the market goes down, you can get hurt. But you can't blame cryptocurrency for that. Cryptocurrencies are often neutral, when something illegal is done with them. All in all, it has its pros and cons as well.
Absolutely right, cryptocurrencies are a tool for making money and not (the loot button) which, as a rule, they believe in most often and then suffer because they lost everything without studying how everything works, but simply invest in some very dubious project simply because it is very well promoted and not because he is worthy of attention.
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Offline FOKA33

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Re: How safe is cryptocurrency?
« Reply #3 on: March 03, 2024, 01:41:01 AM »
Compared to other asset classes such as stocks and government bonds, investing in cryptocurrency  can be considered very risky.While cryptocurrencies are generally seen as legal across Europe, may aspect of cryptocurrency remain unregulated- or may be subject to shifting regulations.Fluctuating regulations are apart of what can make crypto markets more valnerable to instabilty as saw in summer of 2021 when china's crackdown on crypto-related activities coincided with drop in bitcoin's price.
Cryptocurrency is quit safe, not like that of assets.
Whereas it's not issued by the Central government or top officials. There are hardware's wallet that can be guaranteed by keeping your cryptocurrency via investment.

Offline Trisha Rola

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Re: How safe is cryptocurrency?
« Reply #4 on: March 30, 2024, 02:53:24 PM »
Cryptocurrencies are based on blockchain technology, which provides security via centralized management, immutability, and cryptographic processes. Blockchain networks are dispersed over several nodes, making them less susceptible to single points of failure and fraud. furthermore, transactions on the blockchain are cryptographically secure, making them difficult to alter.

Offline R100K-Martin-Lunger

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Re: How safe is cryptocurrency?
« Reply #5 on: April 04, 2024, 11:16:44 PM »
Yes, when compared to other more traditional asset classes, crypto can appear to be "unsafe". However, as with any other investment, you need to know what you're doing when it comes to crypto. Yes the market is absolutely volatile and you can face losses unexpectedly, which is why you should never invest more than you can afford to lose. The truth is that you need to do comprehensive market research, diversify your portfolio, do DCA for long-term investments, and stay on your toes to find crypto success. Or you can put your trust in a crypto trading bot that will ensure your portfolio remains balanced. I have done that and am currently enjoying 162% profits. You can also read how to ensure a balanced crypto portfolio allocation here: https://r100k.com/blog/crypto-portfolio-allocation-for-a-balanced-portfolio

Offline Mr. Magkaisa

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Re: How safe is cryptocurrency?
« Reply #6 on: April 11, 2024, 02:53:19 PM »
          -   You know cryptocurrency is safe if you know how to read legit or not legit cryptocurrency. That means it's still up to us whether the crypto we're going to invest in is right or not. It's simple, right?

If we are sure about a crypto, it will be easy for us to invest in it. But if we are also sure that it has no potential, it will be easy for us to avoid it and not invest in this coin that has no potential. That's how simple it is.

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Re: How safe is cryptocurrency?
« Reply #6 on: April 11, 2024, 02:53:19 PM »


 

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