Profit and Loss in Crypto Currency...?

[pieppiep]

You are right, the ease of crypto currency will be exploited by scammers to launch their tricks to find victims who can be deceived, and the facts are there. Our ease in accessing and transacting in crypto often brings us to face the threat of fraudsters who carry out their actions there, but as people who have invested in crypto for about 7 years, we already understand their actions, remain careful in making transactions in crypto.

Indeed, one could safely assert that seven years of active participation in the crypto-world must have provided ample of lessons and insights. It would be interesting to let others know of the strategies or incidents that you undertake or encounter, so they don’t have to be the same victim of deceit. Additionally, there is a possibility to continue with several practices, such as tracking emerging trends in technologies and laws related to cryptocurrencies. The world is changing at a faster rate, therefore being informed enhances our ability to make safer transactions or decisions.

[luckyledger]

You are right, the ease of crypto currency will be exploited by scammers to launch their tricks to find victims who can be deceived, and the facts are there. Our ease in accessing and transacting in crypto often brings us to face the threat of fraudsters who carry out their actions there, but as people who have invested in crypto for about 7 years, we already understand their actions, remain careful in making transactions in crypto.

Indeed, one could safely assert that seven years of active participation in the crypto-world must have provided ample of lessons and insights. It would be interesting to let others know of the strategies or incidents that you undertake or encounter, so they don’t have to be the same victim of deceit. Additionally, there is a possibility to continue with several practices, such as tracking emerging trends in technologies and laws related to cryptocurrencies. The world is changing at a faster rate, therefore being informed enhances our ability to make safer transactions or decisions.

Sounds really reasonable. There are still new ways to get to somebody's funds or to trick them into doing something that would harm them, and it's really unfortunate. We should strive to stay vigilant and share such experiences so that we won't get into situations like that.

[jeraldskie11]

You are right, the ease of crypto currency will be exploited by scammers to launch their tricks to find victims who can be deceived, and the facts are there. Our ease in accessing and transacting in crypto often brings us to face the threat of fraudsters who carry out their actions there, but as people who have invested in crypto for about 7 years, we already understand their actions, remain careful in making transactions in crypto.

Indeed, one could safely assert that seven years of active participation in the crypto-world must have provided ample of lessons and insights. It would be interesting to let others know of the strategies or incidents that you undertake or encounter, so they don’t have to be the same victim of deceit. Additionally, there is a possibility to continue with several practices, such as tracking emerging trends in technologies and laws related to cryptocurrencies. The world is changing at a faster rate, therefore being informed enhances our ability to make safer transactions or decisions.

Sounds really reasonable. There are still new ways to get to somebody's funds or to trick them into doing something that would harm them, and it's really unfortunate. We should strive to stay vigilant and share such experiences so that we won't get into situations like that.

I agree with that. Even in real life there are so many scammers, how much more the cryptocurrency that is big money being talked about here. So we should really know what we are doing with cryptocurrency because money is involved. If we are not sure what to do to make a safe transaction, we should do some research. Let's not rush, let's make sure the things we decide.

[luckyledger]

You are right, the ease of crypto currency will be exploited by scammers to launch their tricks to find victims who can be deceived, and the facts are there. Our ease in accessing and transacting in crypto often brings us to face the threat of fraudsters who carry out their actions there, but as people who have invested in crypto for about 7 years, we already understand their actions, remain careful in making transactions in crypto.

Indeed, one could safely assert that seven years of active participation in the crypto-world must have provided ample of lessons and insights. It would be interesting to let others know of the strategies or incidents that you undertake or encounter, so they don’t have to be the same victim of deceit. Additionally, there is a possibility to continue with several practices, such as tracking emerging trends in technologies and laws related to cryptocurrencies. The world is changing at a faster rate, therefore being informed enhances our ability to make safer transactions or decisions.

Sounds really reasonable. There are still new ways to get to somebody's funds or to trick them into doing something that would harm them, and it's really unfortunate. We should strive to stay vigilant and share such experiences so that we won't get into situations like that.

I agree with that. Even in real life there are so many scammers, how much more the cryptocurrency that is big money being talked about here. So we should really know what we are doing with cryptocurrency because money is involved. If we are not sure what to do to make a safe transaction, we should do some research. Let's not rush, let's make sure the things we decide.

Golden words.
Self-responsibility should be a corner stone for anybody who starts using crypto, and in general too.
There are lots of ways people try to outsmart others to scam them, but that shouldn't discourage us. To the contrary, we should strive to become better with their futile attempts.

[doc]

Golden words.
Self-responsibility should be a corner stone for anybody who starts using crypto, and in general too.
There are lots of ways people try to outsmart others to scam them, but that shouldn't discourage us. To the contrary, we should strive to become better with their futile attempts.

We must always be better and learn from past mistakes. We may have been scammed in the past because the promises of scammers were very attractive by giving big profits. We must always be careful and seek knowledge in crypto, because if we do not have knowledge and experience, it is difficult to get profit and can become victims of scammers.

[kai]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

[Rubel007]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

You have to take the investment decision by considering your ability. If you are not ready to invest in crypto considering its volatility then no problem. But if you hope to get more profitable from the investment based on the potential, I think crypto platform is best suited. There are risks involved in investing in this platform, but long-term investment has a higher chance of making profit. But the investor must choose the right platform for investment. Bitcoin is the best platform for investment but need long term planning. Short-term investors rather lose they invest in Bitcoin. Those who do not have enough investment assets i also suggest not to invest. Especially who don't have long-term holding ability.

[Ricardo11]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

You have to take the investment decision by considering your ability. If you are not ready to invest in crypto considering its volatility then no problem. But if you hope to get more profitable from the investment based on the potential, I think crypto platform is best suited. There are risks involved in investing in this platform, but long-term investment has a higher chance of making profit. But the investor must choose the right platform for investment. Bitcoin is the best platform for investment but need long term planning. Short-term investors rather lose they invest in Bitcoin. Those who do not have enough investment assets i also suggest not to invest. Especially who don't have long-term holding ability.

Those who can't afford to hold long-term investments should stay away from investing, as this will expose them to more losses, as crypto investing is not a get-rich-quick strategy. Here an investor must hold for a long period of time without diluting his holdings.

Those who cannot afford long-term holdings will have to rely on this invested money when they run into trouble, and at that moment they may even face losses if they sell their holdings, as crypto investments are extremely volatile.

So before investing in crypto you must have a reliable income that will definitely pay you on a weekly or monthly basis. So that your holding is not damaged under any circumstances.

[rizqillah]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

You have to take the investment decision by considering your ability. If you are not ready to invest in crypto considering its volatility then no problem. But if you hope to get more profitable from the investment based on the potential, I think crypto platform is best suited. There are risks involved in investing in this platform, but long-term investment has a higher chance of making profit. But the investor must choose the right platform for investment. Bitcoin is the best platform for investment but need long term planning. Short-term investors rather lose they invest in Bitcoin. Those who do not have enough investment assets i also suggest not to invest. Especially who don't have long-term holding ability.

Those who can't afford to hold long-term investments should stay away from investing, as this will expose them to more losses, as crypto investing is not a get-rich-quick strategy. Here an investor must hold for a long period of time without diluting his holdings.

Those who cannot afford long-term holdings will have to rely on this invested money when they run into trouble, and at that moment they may even face losses if they sell their holdings, as crypto investments are extremely volatile.

So before investing in crypto you must have a reliable income that will definitely pay you on a weekly or monthly basis. So that your holding is not damaged under any circumstances.

I agree that if we have to make long-term investments, we should have other income that we can use to meet our living needs, because investing in crypto should use free funds. But if you can do trading, especially daily trading, you can also get profit and don't have to hold for the long term. There are many methods that we can use in crypto investment. Although the safest is long-term holding, I think trading will be more profitable.

[pieppiep]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

You have to take the investment decision by considering your ability. If you are not ready to invest in crypto considering its volatility then no problem. But if you hope to get more profitable from the investment based on the potential, I think crypto platform is best suited. There are risks involved in investing in this platform, but long-term investment has a higher chance of making profit. But the investor must choose the right platform for investment. Bitcoin is the best platform for investment but need long term planning. Short-term investors rather lose they invest in Bitcoin. Those who do not have enough investment assets i also suggest not to invest. Especially who don't have long-term holding ability.

Those who can't afford to hold long-term investments should stay away from investing, as this will expose them to more losses, as crypto investing is not a get-rich-quick strategy. Here an investor must hold for a long period of time without diluting his holdings.

Those who cannot afford long-term holdings will have to rely on this invested money when they run into trouble, and at that moment they may even face losses if they sell their holdings, as crypto investments are extremely volatile.

So before investing in crypto you must have a reliable income that will definitely pay you on a weekly or monthly basis. So that your holding is not damaged under any circumstances.

I agree that if we have to make long-term investments, we should have other income that we can use to meet our living needs, because investing in crypto should use free funds. But if you can do trading, especially daily trading, you can also get profit and don't have to hold for the long term. There are many methods that we can use in crypto investment. Although the safest is long-term holding, I think trading will be more profitable.

Timing of entering into the market and pulling out from the specific market is another important factor in getting the maximum of the investment. Besides, it can also incorporate global news and technology analysis to gain insights to foresee the movement in digital assets. By devoting time to keep learning and practicing analytical skills, the chances of making improved decision will be boosted. In this way, it will be possible to enhance the level of confidence of investors concerning volatility and remain concerned with long-term objectives to invest.

[kai]

For now, I avoid investment or trade in cryptocurrency because the speed of rising and falling can not be controlled and this is very dangerous for me personally including mental health and personal finance. I better invest in gold in order to get ROI that is clearly visible in front of my eyes because cryptocurrency can go down and rise at any time.
For example, I invest in ETH with a value of $ 100, then tomorrow it drops to 90, 80, 70 dollars and for rising we do not know when, while for daily needs we definitely need money or profits from our investment in ETH.

...
Short-term investors rather lose they invest in Bitcoin. Those who do not have enough investment assets i also suggest not to invest. Especially who don't have long-term holding ability.

I also feel that I am in a hurry to invest in Bitcoin because I need money for my daily needs so I can give an opinion like the first reply. If only I had a little cold fund to buy Bitcoin then I would definitely use the investment for the long term, according to your statement. Unfortunately, I don't have a cold fund yet and this is a problem for me now.

[akeemqaz]

I think Bitcoin's high volatility is reducing every year, but it's still concerning because it's much higher in volatility than fiat currencies and most stocks. And also, the concern with this volatility is reducing over time because there are other cryptocurrencies with higher volatility than Bitcoin, and these are not only low market cap cryptocurrencies, but top ones too.

[JISAN]

I think Bitcoin's high volatility is reducing every year, but it's still concerning because it's much higher in volatility than fiat currencies and most stocks. And also, the concern with this volatility is reducing over time because there are other cryptocurrencies with higher volatility than Bitcoin, and these are not only low market cap cryptocurrencies, but top ones too.

Price volatility is a religion of cryptocurrency. And that's why we are able to profit from this and it is gradually gaining a lot of popularity. Bitcoin prices show high volatility, but holding for a long period of time can make a standard amount of profit from Bitcoin. Because it forms a new ATH after a certain period of time. If one invests in Bitcoin and holds it till the next ATH.  Then in this case it is possible to make a good amount of profit.  Investing in crypto requires proper knowledge of these issues and acceptance of these risks.

[Legion]

I think Bitcoin's high volatility is reducing every year, but it's still concerning because it's much higher in volatility than fiat currencies and most stocks. And also, the concern with this volatility is reducing over time because there are other cryptocurrencies with higher volatility than Bitcoin, and these are not only low market cap cryptocurrencies, but top ones too.

Price volatility is a religion of cryptocurrency. And that's why we are able to profit from this and it is gradually gaining a lot of popularity. Bitcoin prices show high volatility, but holding for a long period of time can make a standard amount of profit from Bitcoin. Because it forms a new ATH after a certain period of time. If one invests in Bitcoin and holds it till the next ATH.  Then in this case it is possible to make a good amount of profit.  Investing in crypto requires proper knowledge of these issues and acceptance of these risks.

Yes, although this volatility becomes less accute year after year the risk remains waaay higher than in fiat money or most shares. That is why many investors still stay always alert. But interestingly, as the crypto market grows, people become accustomed to these changes in value, particularly as other types of cryptocurrencies are making their way to the market, which have a higher level of volatility than Bitcoins.
 
 Actually, this high level of volatility is not only observed in small coins but also in several large altcoins with fairly a good market capitalization as well. Therefore, while Bitcoin remains flavoured as ‘volatile’, many investors look at it as relatively more stable than several other crypto- assets. This is also what seems to have mitigated the risk of risk in fluctuations in prices of bitcoins for the more experienced traders.

[rizqillah]

I think Bitcoin's high volatility is reducing every year, but it's still concerning because it's much higher in volatility than fiat currencies and most stocks. And also, the concern with this volatility is reducing over time because there are other cryptocurrencies with higher volatility than Bitcoin, and these are not only low market cap cryptocurrencies, but top ones too.

Price volatility is a religion of cryptocurrency. And that's why we are able to profit from this and it is gradually gaining a lot of popularity. Bitcoin prices show high volatility, but holding for a long period of time can make a standard amount of profit from Bitcoin. Because it forms a new ATH after a certain period of time. If one invests in Bitcoin and holds it till the next ATH.  Then in this case it is possible to make a good amount of profit.  Investing in crypto requires proper knowledge of these issues and acceptance of these risks.

Yes, although this volatility becomes less accute year after year the risk remains waaay higher than in fiat money or most shares. That is why many investors still stay always alert. But interestingly, as the crypto market grows, people become accustomed to these changes in value, particularly as other types of cryptocurrencies are making their way to the market, which have a higher level of volatility than Bitcoins.
 
 Actually, this high level of volatility is not only observed in small coins but also in several large altcoins with fairly a good market capitalization as well. Therefore, while Bitcoin remains flavoured as ‘volatile’, many investors look at it as relatively more stable than several other crypto- assets. This is also what seems to have mitigated the risk of risk in fluctuations in prices of bitcoins for the more experienced traders.

Bitcoin is considered relatively stable compared to other crypto assets, but in my opinion, Bitcoin is still volatile, because Bitcoin's vitality is what attracts investors to buy Bitcoin and hold it for the long term, because the longer the price of Bitcoin becomes more expensive.