Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Celph on October 27, 2024, 03:06:33 PM
-
Before investing in cryptocurrencies and making investment decisions,i think it's important to be aware of both the benefits attached while investing in cryptocurrencies and the risks involved while investing in cryptocurrencies also.
Cryptocurrencies likewise other investments and bussiness brings benefit and good profits as well but alot of risks are also attached.All investments are risk attached,your bussiness might fall,or it might boom positively as well.
Crypto investing is basically for:
•Risk-takers
•Long term thinkers
•Block chain enthusiasists among others..
When an investor can't meet up with any of this,it is literally advisable not to engage yourself in crypto or invest in crypto.know that losses are also inevitable It is not a fully safe haven unless you make it one.
The benefits and the advantages which are the joy of investing in cryptocurrencies are:
•Huge returns i.e profit maximisation is high.(If you time it right)
•There is limited supply which can literally drive up demand.Take for example bitcoin with an average supply of 21 million Bitcoins..this basically drives up demand.
•Fast and efficient global transactions which means you can send and receive money and assets without the use of intermediaries and the rest among others...
This alone are little of the benefits involved in investing in cryptocurrencies.
Some risks involved while investing in cryptocurrencies are:
•Loss is inevitable:Else you make the right investment choices,loss is basically inevitable.
•Theft:Loosing private keys or password can result in irreversible losses .
•Security risks:Wallets,exchanges and transactions are basically vulnerable to hacking.
•Volatility:Markets basically fluctuates rapidly and losses might be made.
This are some of the risk involved in investing in Bitcoin among others.
Anyways,there are also some ways you can mitigate this risks such as:
-Diversification.
-Investing what you can afford to loose
-Making researches and having due intelligence.
-Staying informed and alot more.
It is also advisable that before investing,it is important to ,
Understand blockchain technologies,
Research cryptocurrencies
Consult financial advisors..and also,
Set clear goals.
Remember, investing in cryptocurrencies carries and pertains risks..Therefore,educate yourself and invest responsibly.
Stay safe comrades.
-
You don't need a financial adviser for you to be able to invest in bitcoin, and become a long-term hodler. I will say that newbies should focus only on investing in bitcoin, and hodli for long because that's the best way to limit the risk of investing in bitcoin and make profit in the long run. The reason is that bitcoin price increases overtime. Investing in altcoins or staking your bitcoin is a very risky move, so avoid such and don't trade when you don't understand much about it. If you must diversify, let it be to a different investment that is not cryptocurrency.
-
Because there is risk and loses in cryptocurrency doesn't mean you can't go into cryptocurrency. There are risk management plan that can help you thrive in the market.
There is much excitement in profit making in cryptocurrency so as pain when loses occur. But this is why when going into cryptocurrency it is advisable to be mentally prepared for the bad days cause they would definitely come. I always say invest what you can afford to lose in crypto so this won't have a severe impact on your financial status also buy more when the market is bad so when the market bounces back you are definitely getting more :)
-
You don't need a financial adviser for you to be able to invest in bitcoin, and become a long-term hodler. I will say that newbies should focus only on investing in bitcoin, and hodli for long because that's the best way to limit the risk of investing in bitcoin and make profit in the long run. The reason is that bitcoin price increases overtime. Investing in altcoins or staking your bitcoin is a very risky move, so avoid such and don't trade when you don't understand much about it. If you must diversify, let it be to a different investment that is not cryptocurrency.
You have well spoken, newbie investors should start their investment on Bitcoin because Bitcoin has a long term potential to rise on the long term.
Now some of the advantages of Bitcoin is as as follow:
1. Scarcity, the total supply of Bitcoin is 21 million, there is already about 19 million mined, and the current circulating supply is about the same figure. Scarcity drives demand, and an increase in demand will always increase prices over times.
2. Decentralized, the concept of Bitcoin is decentralization, that is, no Centra authority controls it existence, it is completely driven by the community.
3.Demand/ supply, because the total number of Bitcoin that must exist is 21 million, if this number is fully mined and distributed over times, the demand for Bitcoin will rise in near future, and that will cause a higher demand with a potential price increase because there is minimal supply.
-
Because there is risk and loses in cryptocurrency doesn't mean you can't go into cryptocurrency. There are risk management plan that can help you thrive in the market.
There is much excitement in profit making in cryptocurrency so as pain when loses occur. But this is why when going into cryptocurrency it is advisable to be mentally prepared for the bad days cause they would definitely come. I always say invest what you can afford to lose in crypto so this won't have a severe impact on your financial status also buy more when the market is bad so when the market bounces back you are definitely getting more :)
Topic tittled benefits and risks of investing in cryptocurrencies do not pose as a means to shy away investors and newbies from investing in crypto at all for the sole reason that there are risks attached while investing in crypto.
The main point is trying to make investors and newbies mostly aware that there are alot of benefits and risks while investing in cryptocurrencies.
This is meant to create an awareness,not shy away investors or newbies.
Stay safe.
-
As we know, all investments have risks and require in-depth research, especially crypto, if we take the wrong steps, our money will be lost without a trace, seeing the benefits of crypto is indeed good but it takes enough time to get the benefits, it's actually not instant,
I agree with you if we want to invest in crypto at least we look for data, information first, don't just follow fomo and temporary trends that are misleading in my opinion
-
You don't need a financial adviser for you to be able to invest in bitcoin, and become a long-term hodler. I will say that newbies should focus only on investing in bitcoin, and hodli for long because that's the best way to limit the risk of investing in bitcoin and make profit in the long run. The reason is that bitcoin price increases overtime. Investing in altcoins or staking your bitcoin is a very risky move, so avoid such and don't trade when you don't understand much about it. If you must diversify, let it be to a different investment that is not cryptocurrency.
I agree, newcomers to crypto just think it is the easiest investment as they indiscriminately buy everything without even thinking once about the use case of the said coin. For me it is all good to invest in Altcoins as long as you better understand what you are doing. It needs time to get all necessary knowledge and ideas about crypto and became profitable with it.
-
Literally all investment comes with a risk and so cryptocurrency is as well inclusive. Ome thing that anyone should know about an investment plane before taking action is his profits and loss that comes along side the investment.. yes cryptocurrency can be risky due to its high volatility but most times why people do loss in crypto is their inability to minimize their risk and store their coins properly. Most people don't actually know how to properly store their coins, which is one risk any cryptocurrency investor should be aware of.
-
In any investment, whether crypto or otherwise, there are gains and risks, but some investments have gains that outweigh the risks and some have the opposite, so the decision is ultimately up to the investor to enter into the investment that suits him.
In general, any investor must have risk management so that he studies the ratios of potential risks to potential gains and makes the right decision on this basis, otherwise he will inevitably face very bad results for his investment that may lead to the loss of his money.
-
Remember, investing in cryptocurrencies carries and pertains risks. Therefore, educate yourself and invest responsibly.
Stay safe...
Actually, investing on anything can be risky and this risk is very much magnified in the cryptocurrency market since this is still relatively new and there are things that still resemble the idea of the Wild, Wild West. Now, the other side of risks can be the possible rewards presented by opportunities which can be found anywhere here...just like the gold rush experienced in the past eras of humanity. to contain and minimize the real risks on our face, we have to learn, to be educated because knowledge and information can be powerful allies as we are wading in this expanding industry. We also have to be safe by making sure we can recognized possible red flags so we will never be scammed and be victimized by evil people who are taking residence in the crypto paradise.
-
You don't need a financial adviser for you to be able to invest in bitcoin, and become a long-term hodler. I will say that newbies should focus only on investing in bitcoin, and hodli for long because that's the best way to limit the risk of investing in bitcoin and make profit in the long run. The reason is that bitcoin price increases overtime. Investing in altcoins or staking your bitcoin is a very risky move, so avoid such and don't trade when you don't understand much about it. If you must diversify, let it be to a different investment that is not cryptocurrency.
it's just a suggestion and not a primary requirement... considering the position of a financial advisor or perhaps a professional investor is usually also important in giving advice to newbies... that's what makes a newbie grow faster, if there is no financial advisor or professional investor, the newbie will still run, but in a longer time because he will go through more failures before reaching a point that makes him more settled.
even though it's a simple decision, like holding only... it still requires advice from a professional, right? because even holding can put us in a state of loss if it turns out that we are late in making a decision.
-
it still requires advice from a professional, right? because even holding can put us in a state of loss if it turns out that we are late in making a decision.
Sometimes it's best to do research on your own and so that you will not end up learning the wrong thing from some who calls himself a gig but actually just wants to take peoples money. There's nothing wrong in having one but you still have to go out on your own to pursue your target. Again some people get into more risk by purchasing some shit coins as give to them by their advisor, more reasons why you don't need them. Cryptocurrency is risky but it becomes safer when you know the right thing to do.
-
As we know, all investments have risks and require in-depth research, especially crypto, if we take the wrong steps, our money will be lost without a trace, seeing the benefits of crypto is indeed good but it takes enough time to get the benefits, it's actually not instant,
I agree with you if we want to invest in crypto at least we look for data, information first, don't just follow fomo and temporary trends that are misleading in my opinion
Entrepreneurship is the process of investing, launching and running a business venture it involves risk, investment, profit and loss and cryptocurrency can be related to that. Crypto involves investment and there can't be investment without risk; every wrong risk is a loss and once you're making the right steps it's a benefit which account to profit.
As we all know the number one benefit of cryptocurrency is decentralization, the fact that the crypto currency is not regulated by anyone and it operates independently is like a big time benefit in this platform. The lower transactional cost is another benefit of cryptocurrency, the cryptocurrency often have lesser and lower fees than financial institutions or systems especially for international transactions. Cryptocurrency has one of the fastest speed of transfer which can be processed within minutes both international or across the borders. These benefits have led to crypto currency being reliable and a significant focus of innovation in finance and technology.
Cryptocurrencies carry several risks that can impact investors, users, and the broader financial system. Cryptocurrencies are highly volatile, with values fluctuating drastically over short periods. This can result in losses for investors. While block chain technology is generally secure, individual users and exchanges can be hacked. If a wallet is compromised, it is almost impossible to recover the funds. Although the acceptance of cryptocurrency has grown, it is still not universally accepted for goods and services and it hasn't been accepted in some countries. This limits its practical use and liquidity in the everyday economy. These risk makes it essential for individuals to approach cryptocurrency with caution, education and adequate knowledge of what cryptocurrency is all about before making investments and adopting it's use.
-
The risks in investing in the world of crypto are more or less the same as investing in forex or any other sector, however the benefits in my opinion are greater because the crypto market is truly volatile, unstable and large profits can be made, and then there is more privacy, fewer controls, more freedom of movement
-
You don't need a financial adviser for you to be able to invest in bitcoin, and become a long-term hodler. I will say that newbies should focus only on investing in bitcoin, and hodli for long because that's the best way to limit the risk of investing in bitcoin and make profit in the long run. The reason is that bitcoin price increases overtime. Investing in altcoins or staking your bitcoin is a very risky move, so avoid such and don't trade when you don't understand much about it. If you must diversify, let it be to a different investment that is not cryptocurrency.
Newbies most times are been given some wrong information or maybe an information that is true but passed to them in the wrong way. Telling them that cryptocurrency is a get rich quick scheme and if they focus more on bitcoin, they may not have that big money they wish for when they joined the crypto market. Bitcoin is a very powerful cryptocurrency than any other crypto and it’s the best they can have their investment on with minimal risk as compared to the big risk experienced by many other cryptocurrencies. They can get rich through cryptocurrency but if they have the wrong information and invested into the wrong coin, they’ll have a very big loss in their investment. Knowledge and understanding it are very important in crypto and if you fail to honour and work on that, you’ll lose big and hate having investing in crypto in the first place.
-
If you want to invest in cryptocurrencies for most benefits and least risks then go for Bitcoin and top altcoins as those are the best option for investors who want to earn risk free or low risk profits. All other options are risky and one who doesn't understand the market very well should stick with Bitcoin only.
-
Remember, investing in cryptocurrencies carries and pertains risks..Therefore,educate yourself and invest responsibly.
Stay safe comrades.
All investment is actually risky, like I said earlier. But the of you can have enough knowledge about the one you have in mind then you might be able to climb higher in a matter of time. You said on your op that one has to be a crypto enthusiast before he can invest, though it's considered partially as to me, you just need the basic knowledge on how crypto investment works then everything else will come along the way. You don't necessarily need someone to guide you but what you need is a mentor to look up to. This will help you drive up your ambition
-
Remember, investing in cryptocurrencies carries and pertains risks..Therefore,educate yourself and invest responsibly.
Stay safe comrades.
Your gain and profit very much depend on how knowledgeable you are in cryptocurrency, from how it works to the right way to invest and to protecting your assets. Investing in cryptocurrency is not for the weak investors; you have to experience the ups and downs of the market; its not enough to read; you have to experience everything about cryptocurrency for you to have an insight on its profitability.
-
If you want to invest in cryptocurrencies for most benefits and least risks then go for Bitcoin and top altcoins as those are the best option for investors who want to earn risk free or low risk profits. All other options are risky and one who doesn't understand the market very well should stick with Bitcoin only.
I agree the risk is not that big if we invest in the right coin in my opinion, but if we invest in the wrong coin, it cannot be expressed in words. Investing in meme coins if we can choose the right time can also provide short-term benefits in my opinion, meme coins are not to be held for a long time, where if you have made a profit immediately sell and leave, don't try to buy it back with the capital and profits you get
-
There are so many cryptocurrencies, if you diversify and buy so many of them, you may still end up buying many useless coins, without making any good returns. I buy only BTC and then a few altcoins sometimes, BTC is decentralized and has real life utilities, so you can be sure that it cannot just go to zero, unlike many new coins and projects.
-
If you want to invest in cryptocurrencies for most benefits and least risks then go for Bitcoin and top altcoins as those are the best option for investors who want to earn risk free or low risk profits. All other options are risky and one who doesn't understand the market very well should stick with Bitcoin only.
Yes, we can consider Bitcoin as the most risk-free long-term investment in cryptocurrency investing. bitcoin is the king of cryptocurrencies, Bitcoin offers the most profit and security to a long-term investor. Because long-term bitcoin holdings do not result in bitcoin risk, those who are not aware of the depth of the market should only look at bitcoin as a means of investment, and make long-term holding decisions. As the crypto market is fast changing one should always be careful and definitely invest in the right place. And Bitcoin is the safest long-term investment among cryptocurrencies.
-
There are so many cryptocurrencies, if you diversify and buy so many of them, you may still end up buying many useless coins, without making any good returns. I buy only BTC and then a few altcoins sometimes, BTC is decentralized and has real life utilities, so you can be sure that it cannot just go to zero, unlike many new coins and projects.
Yeah,when buying coins or investing on cryptocurrency,it si undoubtedly better to invest in coins whoch you know have more returns or outcomes and wgen we talk about coins that possess tgis quality,bitcoin should be the no1 listed,no coin supersedes bitcoin.
I personally,do not invest in so much other coins apart from bitcoin and altcoin,basically cause this are the coins i am passively sure of and expect more returns than others coins.
Although, investment decisions could vary,it is better to purchase coins you are sure that would likely be profitable in the market.
-
Yes, we can consider Bitcoin as the most risk-free long-term investment in cryptocurrency investing. bitcoin is the king of cryptocurrencies, Bitcoin offers the most profit and security to a long-term investor. Because long-term bitcoin holdings do not result in bitcoin risk, those who are not aware of the depth of the market should only look at bitcoin as a means of investment, and make long-term holding decisions. As the crypto market is fast changing one should always be careful and definitely invest in the right place. And Bitcoin is the safest long-term investment among cryptocurrencies.
I agree that Bitcoin is best long term investment in cryptocurrencies because it is secure and stable and has great growth potential. Its strong market position and limited supply and increasing popularity make it great choice. While crypto markets can be unpredictable Bitcoin stability makes it good long. term opportunity. New investors should learn about market and set clear goals and spread their investments to minimize risks. Overall Bitcoin track record and widespread acceptance make it safest long term crypto investment for steady growth and stability.
-
If you want to invest in cryptocurrencies for most benefits and least risks then go for Bitcoin and top altcoins as those are the best option for investors who want to earn risk free or low risk profits. All other options are risky and one who doesn't understand the market very well should stick with Bitcoin only.
Yes, we can consider Bitcoin as the most risk-free long-term investment in cryptocurrency investing. bitcoin is the king of cryptocurrencies, Bitcoin offers the most profit and security to a long-term investor. Because long-term bitcoin holdings do not result in bitcoin risk, those who are not aware of the depth of the market should only look at bitcoin as a means of investment, and make long-term holding decisions. As the crypto market is fast changing one should always be careful and definitely invest in the right place. And Bitcoin is the safest long-term investment among cryptocurrencies.
Here we can identify Bitcoin as a number one of long-term investment within the sphere of cryotocurrencies due to its higher stability compared to other digital currencies. As with any things, long-term bitcoin storage is morearily secure and has more worth in comparison to Ethereum.
But the main market related to cryptocurrencies often fluctuates and undergoes significant shifts, so one should be cautious. In this way, we can safely use Bitcoin as the means to preserve the value of our assets by being more accurate with following the market changes and selecting the right investment.
-
It is also advisable that before investing,it is important to ,
Understand blockchain technologies,
Research cryptocurrencies
Consult financial advisors..and also,
Set clear goals.
Remember, investing in cryptocurrencies carries and pertains risks..Therefore,educate yourself and invest responsibly.
Stay safe comrades.
One of the most important thing that newbies and people new to the crypto space should watch out first before investing in crypto currency should be their knowledge base of crypto currencies because lack of sufficient information about crypto which is sometimes volatile has made people to loose money and that has discouraged many to go into the crypto market. Knowledge is power as it plays a very important aspect of anyone going into crypto investment . acquiring the relevant skills and knowledge that the crypto market needs gives you an edge and will put the person going into the crypto market at an advantage
-
One of the most important thing that newbies and people new to the crypto space should watch out first before investing in crypto currency should be their knowledge base of crypto currencies because lack of sufficient information about crypto which is sometimes volatile has made people to loose money and that has discouraged many to go into the crypto market. Knowledge is power as it plays a very important aspect of anyone going into crypto investment . acquiring the relevant skills and knowledge that the crypto market needs gives you an edge and will put the person going into the crypto market at an advantage
Indeed, A clear understanding of associated cryptocurrencies which are the building blocks of this market, is a prerequisite for investment in this market. That neurodivergent speculation can act unexpectedly sharply means extensive risks for those who do not approach the situation correctly; therefore, it is vital for us to get all the correct data to make more precise moves. Achieving mastery of such skills and an even deeper appreciation for the needs of the crypto market will put us in a better position to offset risk and better leverage opportunities as currently available.
-
One of the most important thing that newbies and people new to the crypto space should watch out first before investing in crypto currency should be their knowledge base of crypto currencies because lack of sufficient information about crypto which is sometimes volatile has made people to loose money and that has discouraged many to go into the crypto market. Knowledge is power as it plays a very important aspect of anyone going into crypto investment . acquiring the relevant skills and knowledge that the crypto market needs gives you an edge and will put the person going into the crypto market at an advantage
Indeed, A clear understanding of associated cryptocurrencies which are the building blocks of this market, is a prerequisite for investment in this market. That neurodivergent speculation can act unexpectedly sharply means extensive risks for those who do not approach the situation correctly; therefore, it is vital for us to get all the correct data to make more precise moves. Achieving mastery of such skills and an even deeper appreciation for the needs of the crypto market will put us in a better position to offset risk and better leverage opportunities as currently available.
We all will agree that before starting something, knowledge is the most important thing that we must have. And in the crypto space, this is the same, we must understand what we are doing.
And to make us more prepared, we should also know the risks of something we are going to do. Because I see some of them (beginners) sometimes do not see a risk, they only know about the benefits. I think this is not quite right, because I can say that we do not fully know what we are going to do.
-
We all will agree that before starting something, knowledge is the most important thing that we must have. And in the crypto space, this is the same, we must understand what we are doing.
And to make us more prepared, we should also know the risks of something we are going to do. Because I see some of them (beginners) sometimes do not see a risk, they only know about the benefits. I think this is not quite right, because I can say that we do not fully know what we are going to do.
As the saying goes knowledge is indeed the main thing when starting something, especially when it comes to the crypto world. At least, people will begin to have clear understanding of what we are doing so that we will make better decisions and have increased confidence for every action.
Similarly, risk appreciation is a cardinal value proposition as much as knowing what is to come out of it. A lot of people especially starters are more eager on the pros or the glowing side of a particular investment and end up compromising themselves. That way we are also able to be more prepared and have a better look into the actions taken since risks are seriously thought of.
-
Risks becomes an actual risk in investing in crypto when the investor isn't informed and lacks of knowledge about the assets that he's buying in. Once informed and learned the market and the set backs of investing here, the risks becomes minimal and becomes so easy to the point that the dumps and sudden fluctuations are no longer worrying anymore. Only if you are learning the market on your own and you're taking this market seriously.
-
Risks becomes an actual risk in investing in crypto when the investor isn't informed and lacks of knowledge about the assets that he's buying in. Once informed and learned the market and the set backs of investing here, the risks becomes minimal and becomes so easy to the point that the dumps and sudden fluctuations are no longer worrying anymore. Only if you are learning the market on your own and you're taking this market seriously.
Yes, and talking about risk, I spoke to someone just now, he said that he wanted to invest $1000 on Bitcoin. And I say yes, why not? But I told him that he really needs to understand how it works and so there is a technical side and I don't want to baby sit him even if he was close to me.
So that's why I ask him first, I gave him some reading material, websites to understand everything, including wallets and exchanges and how someone will fall for the trick of being scam. So at least if he understand it well, then he might really think of the risk involved because he thought that it is easy as it sound.
-
We all will agree that before starting something, knowledge is the most important thing that we must have. And in the crypto space, this is the same, we must understand what we are doing.
And to make us more prepared, we should also know the risks of something we are going to do. Because I see some of them (beginners) sometimes do not see a risk, they only know about the benefits. I think this is not quite right, because I can say that we do not fully know what we are going to do.
As the saying goes knowledge is indeed the main thing when starting something, especially when it comes to the crypto world. At least, people will begin to have clear understanding of what we are doing so that we will make better decisions and have increased confidence for every action.
Similarly, risk appreciation is a cardinal value proposition as much as knowing what is to come out of it. A lot of people especially starters are more eager on the pros or the glowing side of a particular investment and end up compromising themselves. That way we are also able to be more prepared and have a better look into the actions taken since risks are seriously thought of.
It is actually natural when we see the positive, because I also can't say no, that when we start our journey in this space, the first thing we see is the benefits that will be obtained.
However, don't overdo it and close our eyes to see the risks too. Sometimes this is the wrong thing, seeing the positive side is not wrong, but we also have to see the risks too. Everything must be balanced,
-
Before investing in cryptocurrencies and making investment decisions,i think it's important to be aware of both the benefits attached while investing in cryptocurrencies and the risks involved while investing in cryptocurrencies also.
A proper understanding of the benefits and risk involved with cryptocurrencies and investing in it is that you put yourself in a better position to avoid bad experiences and also in place to get the best gains from it. Without proper knowledge, you are just dancing at the danger gate because you have no idea of the value of what you own and, as such, will not treat it with the expected importance. If you also do not understand the risk with what you are having and investing in, there will be little effort from you to keep it safe.
-
However, don't overdo it and close our eyes to see the risks too. Sometimes this is the wrong thing, seeing the positive side is not wrong, but we also have to see the risks too. Everything must be balanced,
There are a lot of cases like this; they know the risks, but they close their eyes and accept them because of greed and envy, and they treat investing like gambling when you can make a profit even small if you do research.
In every situation, you have to be comfortable with your losses, but this is after you exert all your effort and double check if you're investing in the right coin and at the right time.
-
Before investing in cryptocurrencies and making investment decisions,i think it's important to be aware of both the benefits attached while investing in cryptocurrencies and the risks involved while investing in cryptocurrencies also.
The knowledge some people have about crypto is one-sided. The hype some cryptocurrencies get often, has made a lot of people assume that mere buying those coins will solve all their financial problems. These beliefs about bitcoin has led many into making wrong bitcoin investment decisions which most times ends in regret for these investors.
Instead of buying these cryptocurrencies because of the fear of missing out, it will be more profitable to conduct a proper research to actually understand what they are investing in.
-
However, don't overdo it and close our eyes to see the risks too. Sometimes this is the wrong thing, seeing the positive side is not wrong, but we also have to see the risks too. Everything must be balanced,
There are a lot of cases like this; they know the risks, but they close their eyes and accept them because of greed and envy, and they treat investing like gambling when you can make a profit even small if you do research.
In every situation, you have to be comfortable with your losses, but this is after you exert all your effort and double check if you're investing in the right coin and at the right time.
Greed is a bad emotion and we must avoid it. because it will make us not think clearly in formulating strategies, making analysis and making decisions. Many investors are greedy and do not think about the risks they will receive even though in investing the risk is very high and they should understand, but they oppose it. Many people only think about profit without thinking about the risks they will receive, especially if they choose the wrong coins because they are very risky but they still take them because they will get profit,
-
+ The advantage of cryptocurrency is a decentralized system that everyone can determine, create prices and is not tied to third parties or governments and this is what can make someone in cryptocurrency get more profit. Many cryptocurrency coins that were initially worthless (under 0.0001 dollars) have become valuable and are in great demand by everyone including Bitcoin and Doge.
- The risks of cryptocurrency are also numerous, including hacking, prices that plummet in just a few seconds, there is no insurance except ourselves that secures our assets. The losses that may also occur are Scams with newly created cryptocurrency coins, many buy but eventually Dev runs away or sells all the coins he created, and there are many more examples of losses.
-
However, don't overdo it and close our eyes to see the risks too. Sometimes this is the wrong thing, seeing the positive side is not wrong, but we also have to see the risks too. Everything must be balanced,
There are a lot of cases like this; they know the risks, but they close their eyes and accept them because of greed and envy, and they treat investing like gambling when you can make a profit even small if you do research.
In every situation, you have to be comfortable with your losses, but this is after you exert all your effort and double check if you're investing in the right coin and at the right time.
Yes you are right, if that is the case then what is the difference with gambling. In gambling everything depends on luck and we should not treat the same thing in the world of investment.
This is what will be something that will raise questions in the end, maybe we are familiar with the question of someone who questions whether investment or trading is the same as gambling. Well, people like this are the ones who misunderstand it well.
-
Before investing in cryptocurrencies and making investment decisions,i think it's important to be aware of both the benefits attached while investing in cryptocurrencies and the risks involved while investing in cryptocurrencies also.
When it comes to investing in cryptocurrencies, there are both benefits and risks involved. cryptocurrencies value can change constantly, showing high highs and low lows, that's why you need to be emotion-free if you want to invest in crypto because most of them when their value goes down, there's no guarantee that they'll rise again, and that's why you should invest in bitcoin and hold for the long run because it has less risk than other coins.
Store your funds in a non-custodial wallet and conduct thorough research before any movement because some of these non-custodial wallets and cryptocurrencies are made by scammers to target users, and you could lose your funds if you misplace your private key or if your wallet gets corrupted by a virus.
-
We know that cryptocurrency market will be depending on risk. But if we can understand in cryptocurrency market, and also follow in cryptocurrency market level i believe that it could not be very risk for us. Because i believe that investment and trading is also depending on our personal skills. So i believe that investment is also the best profitable site in cryptocurrency world. So i think that when we want to invest in cryptocurrency market, we must be conscious about this matter.
-
If you want to invest in cryptocurrencies for most benefits and least risks then go for Bitcoin and top altcoins as those are the best option for investors who want to earn risk free or low risk profits. All other options are risky and one who doesn't understand the market very well should stick with Bitcoin only.
that's right, by investing in bitcoin and the top altcoins the rate of loss is small and the opportunity to gain is very large. Lots of people choose to invest in meme coins or new coins in the hope of getting big profits but they forget the risks and the risks are very dangerous, we might go bankrupt if we experience losses because the level of loss is very large... it's better to choose something that is clear like top investing. 10 coinmarket, and this is a very small loss and a very big profit.