How crucial cryptocurrency investing is?

[Tribalchief]

However, the reason I created this post is for us to discuss the benefits of cryptocurrency investing. I believe this will be an interesting topic that will also help newbies understand how important investing in cryptocurrencies is right now, and everyone's efforts for contributing will be appreciated.

I want to believe that in majority of the countries around the world, the prices of most goods (if not all) increases every now and then. Inflation rate keeps growing most especially in undeveloped countries and some well developed countries. An average citizen that is trying to survive should never suffer for a problem he or she never caused.

The purchasing power of fiats keeps depreciating, which I believe has made some cryptocurrencies a perfect investment asset. Bitcoin and very few others can appreciate over time with a decent amount, and if something other than the fiats can appreciate, then it will serve a massive benefit.

There is nothing technical here. Jus know that few crypto currencies appreciates, and can serve a better purpose than the fiats thereby adding a little value to it's purchasing power.

[bayu7adi]

What is certain is that investing in anything is not a life or death choice, so if you see people investing, believe me, they are at a point where their wealth is about to grow, while for those who are still struggling in their jobs to improve their finances, they tend to prioritize survival...

Investment has its own time and subject, so if you can't invest right now, it's not a big deal... the important thing is to always consider investing when you have good enough finances, because the opportunities are so promising for old age.

[joniboini]

What is certain is that investing in anything is not a life or death choice, so if you see people investing, believe me, they are at a point where their wealth is about to grow, while for those who are still struggling in their jobs to improve their finances, they tend to prioritize survival...

I agree with this to some extent, but the majority of us probably don't live in that condition (I hope). Sure, some might struggle to pay their monthly rent, but investing doesn't necessarily have to start big. I believe saving $10 per month is quite achievable unless you're living in a country with unstable financial conditions, plagued with wars, etc. You could even argue that using crypto might be better if it provides more stability at that time.

The purchasing power of fiats keeps depreciating, which I believe has made some cryptocurrencies a perfect investment asset.

That's true. Even my fiat savings don't seem enough to live for 3 years without working as of now, while a few years ago I could easily use that for 5 years without problem. Everything is expensive nowadays.

[Crypto Library]

We talked about the risks associated with cryptocurrency investment everyday, which is important in my opinion because knowing the risks will make us more cautious with our investments. However, the reason I created this post is for us to discuss the benefits of cryptocurrency investing. I believe this will be an interesting topic that will also help newbies understand how important investing in cryptocurrencies is right now, and everyone's efforts for contributing will be appreciated.

We only focus on the benefits of investing in crypto currencies and try to skip the negative sides most of the time. Yes, investing in crypto currency is profitable but it is not mandatory, according to me if one has idle fund to invest and wants to invest. So the first thing he has to do is to gain knowledge about crypto market, explore about analysis, then if he thinks he can invest here with time, then he can do short-term investment or trading, or else he can do DCA management in bitcoin for long term. For this investment can continue which will be more beneficial for beginners.

[taufik123]

Whether it is important or not depends on each one's perspective, whether the investment can provide profits or not, and whether it can be a long-term investment.

People who start investing certainly believe in what they hold, as in Bitcoin investments today, if you buy Bitcoin when the price is still below $20k and hold it until now, of course this is a successful and profitable investment.

It is very important when the investment makes real profits and not just an investment that only promises vague profits.

[taufik123]

In my opinion, it is very important, because investments made in crypto provide more profits and can be faster than investment profits on other platforms.

I have been in crypto for almost 10 years and witnessed how bitcoin gave an advantage to its holders who believed that the price of crypto would be higher and it is proven now.

At least as a crypto user, I should have my crypto investments for the long term.

[Tribalchief]

~snip

I have been in crypto for almost 10 years and witnessed how bitcoin gave an advantage to its holders who believed that the price of crypto would be higher and it is proven now.

At least as a crypto user, I should have my crypto investments for the long term.

10 years ?, that's a f*cking long time. Maybe when next people wants to talk about the benefits of crypto currency, they should probably make more reference to people like you that've been in the game for a very long time(just kidding, but that's just the truth). And i believe that this recent bullish movement tends to put smile on your face every morning.

Crypto investment is very profitable, especially when an investor gets into a good project, and not just some pump and dump project. Long term hodling even makes it crazier.

[kai]

Basically, when a business or trade does not know its science, it will definitely be dangerous, but if those who trade and do business already know its science, they will definitely get profit. Cryptocurrency is also the same as regular trading if we know its science, for example, we trade fruits that we sell apples, the apples must be fresh, don't let them rot or sell too late because if you sell too late, you will lose. Bitcoin trading is the same, we must dare to Take Profit before the price of Bitcoin drops which results in our portfolio being minus.
And there's more, don't ever trade with altcoins that don't have a very good or clear vision and mission because it will cause our money to be lost. If we only trade and invest in Bitcoin, then what is crucial is the time to buy and the time to sell because Bitcoin is a coin that is fought over by many people, unlike altcoins which can turn into a scam dead coin today, tomorrow or the day after tomorrow.

[Wonder Work]

Personally, I think investing in cryptocurrency is definitely important because through investment we can see something profitable. I definitely like the investment system because through investment we can get something fairly good from here.

In fact, there is no profit in keeping money or there is no profit in keeping it in something, so it is better to use the money in one place if you can expect any profit and success from there.

But of course, to invest, you have to choose a good coin so that you can do something good by investing. You cannot invest without understanding, you must recharge before investing, and you have to invest in this way.

[|MINER|]

We talked about the risks associated with cryptocurrency investment everyday, which is important in my opinion because knowing the risks will make us more cautious with our investments. However, the reason I created this post is for us to discuss the benefits of cryptocurrency investing. I believe this will be an interesting topic that will also help newbies understand how important investing in cryptocurrencies is right now, and everyone's efforts for contributing will be appreciated.

How crucial investing in cryptocurrencies is for you is something you can tell better than us. And if I express my personal opinion, I will say that it is not such a crucial thing that we must invest in or our life will not run if we don't invest. We can be more profitable than we would be from here by investing elsewhere.
So, if you have idle funds and do not use them for long term, then you can invest in Bitcoin for long term if you want. On the other hand, if you have a certain amount of money to invest and you are enthusiastic about investing in crypto currency, then I would suggest you to first learn about trading and analysis, then experiment and then invest in real money.

[bitterguy28]

How crucial investing in cryptocurrencies is for you is something you can tell better than us. And if I express my personal opinion, I will say that it is not such a crucial thing that we must invest in or our life will not run if we don't invest. We can be more profitable than we would be from here by investing elsewhere.

you say that our life will not run if we don't invest but then you say we can be profitable by investing? or do you mean investing in crypto? either way investing is always a must it doesn't matter where be it in real estate or other assets if you have an investment i would say you are on your way to being financially secure

So, if you have idle funds and do not use them for long term, then you can invest in Bitcoin for long term if you want. On the other hand, if you have a certain amount of money to invest and you are enthusiastic about investing in crypto currency, then I would suggest you to first learn about trading and analysis, then experiment and then invest in real money.

i actually think that holding is a lot easier than trading so if you are looking for something to invest in for long term then you should start with learning about holding first because trading can not only just be an investment but your day job considering how demanding it is

[TomPluz]

I would say that there are lot of important benefits associated with investing in cryptocurrency, assuming of course that one is involved with the right coins and not shitcoins which may not be giving us the financial windfall we are looking for. All of us are looking for money, naturally, and compared to other type of investments I would say that crypto can be a lot more rewarding most especially during the bull run season. In cryptocurrency, we are also participating in a movement for greater freedom and control of our financial lives as the government is getting bigger, more powerful and influential. Take Bitcoin, for example, it is considered as deflationary asset and not inflationary which can be not working for all of us and can reduce the value we hoard for years.

[Primo1760]

In fact, real proof of how important cryptocurrency investing is if investing can be seen. Currently every investor is very profitable especially those who invested in Bitcoin are the most profitable. I'm really profitable and happy right now because the price of bitcoin makes me so happy but if the price of ethereum could go up with bitcoin I'd be even happier because most of my investments were ethereum investments. In fact, the purpose of investing is to grow more wealth from the wealth we hold. But if you want to get success overnight from something, you must invest in crypto currency, but there are some risks of investment and you have to accept that risk because if you don't risk, you can't achieve success in anything.

[JoyMarsha]

The benefits of investing in crypto are numerous; many have been mentioned in this post thread. However, investing for the future, and having Bitcoin as a store of value is the most interesting part I find most in crypto investment because I am somehow securing my future profits in crypto. That idea gives me joy, that hundreds of dollars invested in crypto can turn into thousands of dollars in the future

[Z-tight]

That idea gives me joy, that hundreds of dollars invested in crypto can turn into thousands of dollars in the future

Crypto is a broad term, there are so many cryptocurrencies that if you put your money into, you will probably lose it, there are so many pump and coins, fake and scam projects, etc, so investing in crypto does not mean you will make money, you can still lose it. I believe in BTC, so my crypto investment is majorly in BTC.