Bitcoin Forum

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

It will always be good to spread out and increase your investment diversification with different assets like cryptocurrency, especially if you don't have that yet. It's a great deal to have crypto, but first, you should not expect to profit early and invest a significant amount in crypto if you are not willing to lose it. Many people have been burned towards that, and it's sad to see them hate BTC or crypto in general because they didn't do the right thing to research.

The coins you mentioned are in the top currency in CMC. I think those are great picks as well.

Investing in it's entirety is mostly subjective. I could think $AMZN is a good investment, and you may think it's not; and it's the same for literally any other asset in general. The only way to find out is to do your own research and go decide for yourself.

Yes.

AFAIK, after RBI has been positive to crypto. They're made it cleared that everyone is now worry-free because it's been the problem before that made have been thinking of. As an investment, cryptos are very much good investment but it's also volatile. Only those people who understand its volatility can be the ones who can capitalize from it.

You need to study certain thing,before investing your money.Because it's money not a paper.So we need to give some respect to that.And if you play a attention and time for it.You will earn more for it.Money is like the girl,if you get attention.They will support us emotionally and soulfully.So you need to give huge time for it.

I would say crypto is the perfect speculation tool with an enormous profit that you won't get on any market. As a long-term investment, maybe only 5% of all cryptocoins are suitable.

Cryptos are a high-risk investment, and that means they can make you win big or lose big. Some people buy bitcoin some years ago at $1000 and now each coin is worth $34k so, for them, it was a good investment. But some people buy at $60k and now they are losing almost half of their money, so, for them, it was a terrible investment.

If it's a good or a bad investment it's about how you ride the wave. Play it smart and you will end with huge profit.

These group of coins mentioned here has the huge potential to soar in different exchanges, and I believed that this is considered to be a good investment. What I am looking after if you already have this on your safe storage, don't just dump it without a specific reasons while you don't see a green days happening yet. Because, it there's another market that's going to bloom again we might miss all the big opportunities to come.

When we do tend to look on whats the current trend here on cryptocurrency investment then we could really say that its a considerable investment to be made but doesnt mean that you wont be considering other forms of traditional investment.

The thing that what makes crypto popular is the volatility that it does have which means huge or big swings involved could give out big profits but of course
it would be giving out the same risk.

So always do your own research and dont rush up yourself into investing and dont make out blind actions which might really cause up losing investment.

^ As always, but never include altcoin if you don't have research first on this, you should learn that some of them are under with the community of pump and dump which is the coin will suddenly pump up and later on it will go down the price. Just go for BTC, which is very volatile but at least we can consider it safe because it needs a lot of money to manipulate and for now, it is rarely that has a manipulation in the market. If you have a good amount to start, I can tell BTC is the best for you, and for sure you will never blame me. Nevertheless, don't forget to have your own research first before studying what I gave it to you.

Can you give the source of these data?

But if you are asking this:
There will be two answers:
- YES:
If you know what you invest in, you are ready with the risks on investment, your investment choices really reputable and promising for the future in a certain period, you invest based on what you can afford to lose, and you have a good strategy on investing, it will be a good investment.
- NO: If you are only following others without your own research, investing with loan money or money that you cannot afford to lose, it will be a very risky investment and probably will make you stressful moreover if the price drops and not like what you are expecting.

And if he is very new to this market, better stick to top alts like btc or eth up until he knows more about crypto. Some people are attracted in crypto just because of the hype like in doge. But they don't know yet, what drives the price in the market. And they need to learn more about this before spending their hard-earned money. It can be a good investment if you know what you are doing, but if not, you can lose your money in an instant. So for the OP, if you have time, just roam around this forum to get an idea what's going on in crypto.

If there is no problem in your country in doing this, then help yourself to start buying cryptocurrency while prices are still in cheap.

This is a great opportunity for anyone who can really afford to take a risk. But first, you will need to ask yourself then if you are ready enough because this is risky and you might lose everything you started if you were not able to manage it carefully. A lot of people make a good money in here but many were also lose their money.

It is always good if you know how to manage capital and have experience in today's market, invest in projects with a good foundation and more developed future.

For me investing cryptocurrency nowadays is really really good.just think that like a money that you put in the bank and will increase someday...that's what I thought.although not all currency should be to invest.just think about it first.know what currencies now you think will be known and be used someday.for me choose those crypto that been known already and has potential to boom. For me like bitcoin,eth and xrp, this three are the best to invest.

Cryptocurrencies have proven over the past few years that they can bring excellent returns to their investors, however, you must consider the risks and be able to wait. Of course, investing in cryptocurrencies is worth it, but you need to do this when prices for cryptocurrencies have decreased, and then your chance to make money will be very high. It is also very important not to be greedy, and if you have already earned, then you need to fix the profit or at least return your invested funds. These are the standard investment rules and you need to know and follow them.

Cryptocurrency is not only a good investment but also a good currency...

I don't know how things are in India but in my country, since cryptocurrencies have become increasingly popular since the beginning of this year, the government in my country seems to be afraid of the development of cryptocurrencies.

if you are new to crypto and want to start investing then don't randomly choose tokens, choose those in the top 100 so that your investment is safe.

Yes, cryptocurrency is a good investment. People who are already involved in crypto for a long time ago will agree that they will search for more opportunities to invest in bitcoin, ethereum, bnb and many more. Bitcoin will be the main investment for the as bitcoin can give them a big profit in the future. If beginners want to invest in crypto, they should learn that crypto has fluctuating prices, so they need to learn about controlling themselves to see the price will always change.

as a crypto user I would say that investing in cryptocurrency is a good, safe place to invest, and of course that is based on our observations of what crypto will be the investment target. and the best way to invest is in Bitcoin.

but I can't be selfish just because I love crypto, maybe Stock lovers don't agree with my statement. so back to your interests and interests. be it in crypto or in stocks, gold etc.
the most important thing is that you have done your research before making an investment decision.

do not use FOMO as your benchmark for investing, but on the basis of your conscience in determining future financial benefits.

We've seen visible proof from long term traders and investors that investing in Cryptocurrency is really profitable. People who have invested in it could prove it since they already experienced gaining a good profit out of it. However, we couldn't disregard its risks since it's too different from other investments because of its volatility. Cryptocurrency is actually multifunctional and it provides lots of opportunities.

Of course it is. that's why a bunch of people always going crazy when market drops because it's a good opportunity to make good profits wherein even it's short term or long term. But remember it depends on what crypto currency where do you want to make investment, and also don't just rely on what's others thoughs and positive news about some projects out there, wherein always make research because that's the most important to determine if the coin is good or not.

Cryptocurrency is one of the biggest investments at the present time. The growing number of investors gives you the proof that this is a good investment but behind those opportunities, the risk is there. All investment corresponds to risk but crypto is riskier than the other due to its volatility feature. I don't want to believe in me and consider that I was an influencer as it was you to think it if I am telling the truth or not. Of course, you need to do a search in order for you to know more about crypto and to finally make a decision.

But I wouldn't have that introduction to anyone who's wanting to invest in cryptocurrencies. He/she might believe that he can be a millionaire someday by just doing nothing. That's the mindset of what I've encountered in the past. I'm very optimistic with those talks that I did in real life and dealt with my friends and they seem to be disappointed when the market starts to correct just as what's happening today. I guess it's not enough to say that there really were those people that became rich through cryptocurrencies but let's also say that they took a big risk from reaching that point and it's not just all about being rich quickly.

As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places.
But it still won't be a bad idea to diversify ones investments, as we all the one of the financial rules states that we should never put all our eggs in one basket, so from this, I believe that it's wise that as one is investing in crypto currencies, he or she should also try to invest in other financial sectors too like forex, stocks, real estates and so on, as my people normally say, one does not chase masquerade while starting in one spot.

If you truly know about crypto, yeah this is a very legit and promising investment both for the short term and also long term. However, if it is only following other people and you don't really know about it, it may be bad for you. high risks, and also panic situation.
Crypto is not something easy and not the thing that will lead you to be rich very easily at this moment moreover during this crash market.
HIgh risks.
however,r if you are really going to learn at first and decide to be ready with the risks, I am sure that you can start with the top coins as you said. And be sure that you don't only follow the hype.

Without mentioning any project, the industry has proven to be the best investment in the last decade with majority of the project been very successful that if you have have invested some few hundred dollars by now you probably would had been thousands in profits.

You have to be very cautious though when choosing the project to invest in as blinding following a project merely because it's been hyped is a wrong way to invest that most likely will end you up in losses. Choose project that have very strong fundamentals and community.

Not all top projects today will be in their positions in years to come but only very few will still retain their positions which some are Bitcoin and ethereum. Irrespective of what you buy try to make sure you have these coins in your portfolio and then other projects you must have researched on.

In this case, we should aware of some of the scenarios or events on entering an investment in crypto, like the time of investment, when he/she will start putting his/her money on crypto. Because there is always a huge possibility that he may lose his/her investment because of suddenly drop of the price.
So for me, cryptocurrency is a good investment once you will know how crypto works, what are the risks and positives of investing in cryptocurrency, so you will understand how your investment will go, in good or bad.

this dont needs to be asked . crypto is a good investment but only if you will chose the best cryptos   .  your list consist of top cryptos but still of them is being called as a shitcoin .
 you know the coins like xrp , doge and maybe eth ? theres some hate in tether but for me this is helpful , you will be needing this in this volatile world of cryptos . for cardano , this coin is getting noticed .

I think someone just needs clarification if cryptocurrency is a profitable investment or not. People who have been in this community for many years (especially for the pioners) they can justify how it changes their life. They can't be millionaires but for sure they are improving their lives because of this.

Well, I don't brag at people and think like that because not all have come in this investment able to survive and make good money, many of them are also quitting due to unfavorable results. So, even though I said it was a good investment but couldn't make sure that it works for you then since it matter on the way we manage our investment and most probably, we are not the same.

If you've a shock absorber (so to say) to withstand shock of loss (that will surely come with time), then you're good to go with the risk of investing in cryptocurrency. I had to put it that way, not to scare anyone but, because of the volatility and uncertainty that come with the industry. To be on the safe side, a lot of investors like going into Bitcoin, ETH, BNB and the top listed tokens. It doesn't mean that the lesser tokens aren't safe too. In fact, the lesser tokens are known to even give more ROI than the top listed ones only that top ones are believed to be more reliable not to exit as scam. However, just DYOR before casting your cash on any.

I think crypto is a good investment but sometimes profit depends on the coins that you choose. If you pick a right coin you will earn a profit depending on how you handle the buy and selling process. The coin that you mention is a good coin and it is already well known to crypto investors so i think that's a good coin to invest.

Many who invested on cryptocurrency made a huge profit, I am not saying, just buying top cryptocurrency listed on CMC will definitely make you rich,

You also need to invest in learning, for the past few years, I have seen, there's a lot who make a good fortune with these.

And besides, most of the cryptocurrencies, you have mentioned are good choice.

I pick Bitcoin, Ethereum, and Cardano in your list. I am sorry about Dogecoin and XRP but those are not in my lists of good investment.
Dogecoin was just hyped by Elon Musk and there is no project to back it up. So, in the long run you might end up just losing everything.
Not preferred for holding. Same goes with XRP, hyped because of their SEC issues about securities.
BTC had all the reason to be kept, I mean just look at the market today, everytime BTC moves every known altcoins is being dragged by it.

Of course, it is but only if you understand it well. The crypto investments can get riskier with time. So, you better learn and enhance your understanding of the market to take advantage of the market movements.

If I have strong hands not able to sell my tokens and just hold them since 2017, I gained a lot of profit right now. I used to have some tokens that have big value right now. Tokens that I didn't imagine that it will become a huge project right now. Cryptocurrency is really a good investment, as you can see right now even rich people and companies all over the world, see the great value & potential of cryptocurrency. If long-term investment, it really worth it. You cannot denied the fact that it also help a lot of people from being poor and now they already have a good status in life. It's a huge opportunity for us to know this technology. Start to invest in NFT related projects, they are the next big thing in crypto space.

There's no doubt about it mate i mean investing in cryptocurrency now is the most in and in trend. Now almost everyone are preferring to invest in their favorite coin also lets add the fact that the growing number of investors of crypto are exponentially going up and not just that those investors that being attracted to invest in cryptocurrency are one of the one of the richest in the world and other well-known personality in business world.

That depends on what you mean, bitcoin has proven to be a great investment since the beginning so the answer is a clear yes as I think that any one that buys now will obtain great profits during this year, there are other good coins like ethereum and the like, however there are some awful investments, one of them is XRP, the coin despite the incredible bull market we have went through was not even close to reach its ATH and there is a pending case against it, tether is also not a good investment since you are basically holding dollars with the added risk the company behind it could disappear.

Even so investing in cryptocurrency is not as easy as one might think,
besides that the risk of investing in cryptocurrency of course very large so if we are not mentally strong I do not recommend investing here,
actually people whose lives are better because investing in cryptocurrency of course it takes hard work and obviously we can't get it quickly

Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

Choosing good and potential coins like what you have chosen is one of the many reasons why crypto investments considered good. And good management with your picked coins should integrate, too. As long as you are in a profit, whether those on top CMC coins or not, profit is more important than being deficit.

Honestly, ive been investing cryptocurrency many years now and I can say that it entirely changed my life.

Indian Government till now hasn’t legalised Cryptos.
This is the main reason why many Indians aren’t aware of what are cryptocurrencies.
I would say if you are investing in stock market then better to invest on cryptos.
The reason i am saying this as cryptos and Stock market, both have almost similar algorithms.
And guess what cryptos can give more profit than forex trading.
And to the OP’s crypto list i can suggest the addition of Litecoin.

I think that that trait is already given or should be natural to the person when they want to invest into something because being mentally strong is a tacit requirement for investing. It's not just hard work but also being smart on how to do your work is going to help you get a better financial stability much faster.

Just because the memes coins are giving profits few weeks ago doesn't make then good investment choices as you could lose all your investment capital when the trend loses it hyped. Same way cryptocurrency aren't good investment just because others are profiting. You should also do your own personal research and not just blindly follow what others are doing.

Cryptocurency are good investment because they're the future of the finance system. The world is going digital, soon the paper money will be a thing of the past just as we have other inferior things get overthrown by more superior ones like the mailing system or shopping system, that of currency won't be any different and this isn't the first time such turn out of event will be happening.

Success will come to those who have sound judgment and patience. There are various methods required for profitable trading, but only educated and experienced traders get it. Cryptocurrency are obviously good investment but not to those give up after a few losing trades. If you think you perform your up to the mark then release, if not stay calm and always motivated.

Those things that you are saying can only be achieved if the person tries to trade because that's how you gain experience and knowledge, by doing it but besides doing it, you also need to read the important things because it's not enough that you have experience if you have a little knowledge. Crypto is a good investment if you are dedicated to becoming good at it.

https://c.radikal.ru/c24/2106/ae/c2a2e5a5d58c.jpg (http://www.radikal.ru)

It looks like OP still doubts about Bitcoin...I'm not saying it a good and profitable investment because that went matters in how you manage your investment and I'm not sure if it works with you knowing that cryptocurrencies are moving in sideways. If you can adapt and adjust yourselves the way it works, might say that it was a good investment for you.

I may conclude that I was having a good experience in the crypto investment and give me decent returns but I can't assure you that you might have the same experience as me. May be you have to try and see what is the result.

I wanted to say that cryptocurrency is a good investment but be aware also that not all coins are worth an investment. Just to tell you that the market is so tricky, having the wrong choice of coins will simply cost you a lot. Honestly, many people had fallen into the wrong invested coins, that is will be going to happen when we don't have knowledge about crypto and also when we are not sure of what we doing.

Many had come and ended up nothing but just failure, it possible to happen to you that is why you need not rush in here but to do some search first before having an entry in the crypto market.

There’s a lot of crypto investors coming from India and it’s a good time to buy right now especially your country experiencing a big problem facing this pandemic. You might see your fist money in in term of it’s value because of the inflation and investing it on cryptocurrency is a good move. That popular coins are the best in the market, you just have know how to deal with some projects because there’s so many scam projects right now.

As the crypto market continues to grow, the more it gains more potential in terms of profit gains. The stock market is still there but many had diverted their investment into crypto as these investors feel that they can make huge money here compared to the stock market. However, if we think and consider the risk here, no doubt it is riskier than the others, and losing possible is too high. But, if we know how to take care of our investment, we can minimize the chances of losing.

Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

And it will become higher if you invest in unknown coins and those that are newly made meme coins. This technique has become popular because there were those people that have made a lot of money from it. But I don't think that it's still a good strategy yet there are those that still follow what has happened in the past with those successful investors who bought those types of coins.

Buy bitcoin and you'll for sure have that.

You sound like you are looking for quick profits but for the case of this year (a strong bullish year) you might be able to attain what you are looking for, but after this year you might need to wait at least 2 to 3 years to get profits for your investments even with any of reputed coin. Because bitcoin is having four-years cycle and out of them only one year is having bullish trend and all others might be having bearish and sideways markets. So, you cannot expect all the times to get good profits in next few months itself.

Only when you are ready to hold and wait, you should go for investing with crypto currencies. Already cryptocurrency is known for its risk involved but still people are recommending it because it is always profitable in long run. So, profits in next few months may not be the case on all the times in crypto space.

Everything has its own risk it's only up to you on how you will minimize the risk to handle the situation. In terms of trading we have a diversification and technical analysis, with the use of it you will be able to gain a good profit in return if you know what you are doing.

OP, just need to know what crypto he has been investing or do some research before investing into something. It's not that the hype makes it popular you so also follow what other's been doing. You should learn to do your own research first then invest carefully and always minimize the risk especially with crypto market who's always in a high volatility movements.

Good for those who are not just a risk taker but also have a knowledge and passion of learning on how to invest and make a profit in investing in cryptocurrency. Investing in cryptocurrency is a continuous learning but to be able to engage first you must see to it that you have already done in researching or studying how the market goes a basic knowledge may be enough at first but in the long run you will get to know more about it. For me investing in cryptocurrency is always good but you only need to prepare yourself for any possible loses.

Diversification makes sense in the case you are already happy with your wealth, after all the purpose of diversifying your assets is to protect your capital, however I hope people consider real diversification, many people in this market think of diversification as having several altcoins but still keep 100% of their capital in the market of cryptocurrencies.

Real diversification means been part of several different markets like precious metals, stocks, bonds, art and any other market you may like to form part of, however if we have not reached that stage then it could be a good idea to instead do the opposite which is to concentrate our capital in a single market and there is no better market for that than this one as the profits are on average higher than in any other market.

Even the most newbie (in the crypto market) people can earn from Bitcoin if they are investors rather than traders. I don't think everyone can earn if they trade bitcoins but I am 100% sure everyone can earn if they invest and don't trade. Basically, buying BTC and holding it for long enough such that you get higher value for your coins. It may take more time than expected but it is one of the simplest yet most effective techniques in the market right now.

Crypto is a great investment but I cannot say the same for traders because the market is hell unpredictable and unless you have the patience and financial freedom to hold for months and maybe years, you cannot really guarantee profits.

Some of the popular altcoins can also be seen on Coinmarketcap's 10-20 rankings. Apart from some of the coins mentioned by the OP, BNB is also the best altcoin to date, because BNB is a coin developed by Binance Exchange.
there are still many potentially good altcoins. Doing research in advance is necessary to choose what coins will trend well in the future.

Yes, I agree, investing in crypto currency is like your taking risk on waiting for some high market prices everytime. It is good to a risk takers especially to those who have knowledge on this type of investment. When you invest in crypto currency, you must need to research or study those crypto coins who gives more profit and how it processes during downfall.  Investing in crypto currency is a continous learning since you must need to know more about it especially when it experiences downfall for a long period of time. For me, investing in crypto currency is good, but you must always expect losses since market prices are not always the same or stable. You need to have patience when you want to invest in crypto currency and have more knowledge on it.

Of course cryptocurrency is good investment plafrorm because I don't believe Fiat but cryptocurrencies. Crypto currency is a popular investment plafrorm but only long term investment. Bitcoin and Ethereum, Binance coins the best investment coins in the cryptocurrencies Coinmarketcap.

Well that's true but if you check that cryptocurrencies sometimes have different reactions and responses within the market. Some don't follow the Bitcoin trend and I think it can be considered as diversification already. Technically, it's all in the crypto market but as long as it's a different coin within, I think it's okay unless you are talking about a different asset class.

This choice would depend if you are really passionate about one asset class and believe you can profit from it or not but ideally, it's still better to have multiple investments instead of one.

why cryptocurrency could be good investment portofolio , especially bitcoin ? i have my personal reason to describe it, bitcoin have limited supply that is oonly 21 million, meanwhile fiat have infinity suppy. Government could print it anytime , moreover in pandemic situation they will print more and more money to give stimulus for driving economy . And also using cryptocurrency it could applied in any field due bockchain technology which is give high efficiency. SImple example if ,how much fee needed if we make millions or billions money tranfer using bitcoin? it will need only around dollars. but when using banking system , it will spend more than thousand dollar.s

Not any coin buddy, some coins there have their season and if you're not active in the market, you might get dumped on and a typical example is dogecoin. If you have been following the market, at some point is almost reached 1 dollar as it was trading around the 70 plus cent price but currently it has lost most of its value and now trading below the 30cent price.

Pumping and dumping of coins are a common practice in this industry so you choosing a coin to invest in has to be a very due diligence process because of you picked th wrong project to invest basing n, you might lose all your investment capital.

Going for the top coins isn't a solution either as they mightn't stay at the top forever, if you flash back to years ago, most coins on the top 20 list based on market capitalization aren't there anymore as more superior or hyped projects has replaced them and so it'll be in the next 5-10years, Invest wisely.

Why not? Cryptocurrency is a really good investment for sure. So anyone who is investing in them is going to benefit from it. The cryptocurrencies you have mentioned are really good, but I am not fully sure about that Dogecoin that is there, although it was bullish, but it is clear that was triggered by price manipulation.

So, you might have to avoid coins that can easily be manipulated and invest in the good ones that can be more stable. Tether is a stable coin, but you can still useit, some people use it as a savings and also to save their money when the market is bearish. Tether is a big coin and is very stable, another one is DAI. I like Cardano and I am investing in it also, and Bitcoin is always the first thing you get to know about and a truly decentralized cryptocurrency.

Losing a few trades is fine the problem is that a great deal of those that come to this market try to make a fortune quickly and this means that they take such a high risks that a single loss can be devastating to their capital, and then when the inevitable happens instead of understanding they made a mistake they try again their strategy thinking they were just unlucky, and when they suffer another loss that is when it becomes impossible for them to ever recover their capital despite the huge growth this market can experience.

uninfinite supply be main reason why we should have bitcoin as investment portofolio. it really destroy finance system which has been running for  years. Printing money by any government in the world shows how could be very rare bitcoin asset if used to millions citizen in world. tranfer fee very small even its used to send billions dollar. bitcoin really suitable used as global finance system and global trade, every single tranfer will done only in few minutes.

Almost the majority of the coins you stated at the above are all good actually for the long term.
Except for the Dogecoin, because this coins so far move only through Elon Musk, the one who manipulated
the price in the market volume in the exchange site platform. But of course, be careful still if you choose other
altcoins here in this field of business industry.

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. If this will be over, and  I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.

If given a question like this of course the answer is "YES"
Cryptocurrencies are getting more and more popular day by day, this is what makes the price of crypto assets like Bitcoin go up

Cryptocurrency will not be left behind by people who already feel profit from it
so there is nothing to worry about when investing in cryptocurrencies, you only have to choose promising crypto assets

It's the best option if you can risk some money in your stash.
Rather than letting it rot without movement of profits or loss (that's part of it) it's better to put it to something that might give you a chance to make passive money.
Speculations are high that Bitcoin can still reach numbers that we won't really expect to happen. i.e. $100k up
Make your research first, then pick some of those coins that you can manage to buy, I suggest Bitcoin first.

If you are on the long-term side of investment and you believe in the potential that bitcoin is going to go up in prices in the future then probably you can consider it as a good investment because of it's high volatility, you can get in the market at a cheap this day and then get some profit the next day or the other or not depending on how long you are going to wait for the prices to really go back up. But that volatility is something that you should watch out for too because if you aren't careful, it can wipe out your savings.

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

The problem with Doge is quite simply that the Elon hype has caused a lot of people to jump on board who have never been in contact with cryptos before and have at most read about Bitcoin in the newspaper. If you look at the Doge chart now, you can also see that a lot of "newcomers" have burned their fingers with it and will certainly not come back so quickly.

For more than a decade of its market existence, I think it was clear enough for us to tell our self that crypto investment is worthy. Perhaps, many people had changed their life status to a better one and improve their living. But because of the massive growth of crypto, some people had taken the advantage to scam people and a reason why many had to change their minds and even think that crypto is a market of scams.

Very disappointing that there are people wanted to ruin the image of crypto and make fun of it. That is why investing in crypto is very risky and sometimes we face the consequences of losing if we are not careful in choosing coins to buy.

I would say doge is the least worthy of a good long term investment, it skyrocketed all due to meme status it had with people and Elon Musk pumping it, nothing more. We need it to go more and more higher to keep everyone satisfied and it can't do that, it was already at the top for a while around 4th rank or so and that was it, you can't expect it to go beyond bitcoin or something, which is why doge already saw its peak and not going to see that again.

Others, the btc, eth, bnb type of high level ones are fine, those are things that we can all agree to say it is great, and I do not think that people would argue against that, it made us all money and they are all very good coins that has a very good reason to be high, not just joking or memes but actual use case where people need to keep buying to make it go up. That is why they are at the top, and very good investment for long term.

Lots of us who experienced good gained from this venture will attest that this venue really bring us great benefits,

People who managed to make something good out from this market as even volatility give us opportunities to earned decently,

If you focus and you really aiming to succeed from this industry, cryptocurrency is a good venue to invest your money, just have
to tie your time finding all the right information to make a good call placing your investment.

It is a good investment as long as it is not a shitcoin or memecoin. If that particular crypto has a real project then there is nothing wrong investing to those coins. A crypto can soar more than 500% of its price after some years as long as its development is continuous. If we invested to those coins in their early stage, it could bring us a huge amount of money that could be enough to use in our retirement. Been into crypto since 2016, price is really volatile but investing to it for long term is really a good choice for me.

I also see the same thing with DOGE, Elon musk and his followers are the only ones making DOGE pump but recently we can see that Elon's tweets aren't much effective as before. Maybe due to the losses of other people's last crash that makes his old followers doubt about his manipulation. Doge isn't really the best for the long term, there are many good mainstream tokens to choose from so why would people go to DOGE for long-term investment. BTC is always the go-to in investment and long-term hold but if we talk about alternatives, ETH, BNB, and other fundamentally strong token are pretty good to hold.

Indeed. But some people out there still do not realize that crypto is the best investment even they say bad things about crypto. I hope those people can learn and open their minds to accept crypto and invest in crypto.

When they invest in crypto, they can buy and hold and let crypto works for them. That is the only solution for those who can't learn or don't want to learn much about making more money from crypto. They still make a profit in the future, especially if they can hold bitcoin as the best investment.

Yes you said the right difference between Cryptos and FIAT.
Crypto trading can be considered similar as Stock Market trading but here you can control your decision and funds own way.
If you are also planning to invest on Gold rather than crytpos then i can say that go for only Cryptos.
Cryptos soon will overcome all the asset market in the near future and will stand with great heights.
So yes you can conclude that crypto is a good investment.

Any investment should be made consciously and carried out at the most appropriate time for this. If you buy coins on high, then in certain cases you will have to wait a very long time for such an investment to bring you a profit. It is possible that now is the time when you need to buy coins, but at the same time, many traders are waiting for the market to fall further. Therefore, the final decision on the purchase remains with the investor who risks his wallet.

Only just to hopes that investors will never dump their crypto but instead to accumulate more. Now, the situation is becoming uncertain to pump or dump as the market moves in sideways. We never see a long time recovery after the market had fallen, even Bitcoin, after reaching back to $35k it drops back to $33k.
So, if the situation will remain like this, it is really hard for small capital to gain profit.

except when we trade daily, of course, sideways situations like this can be used as moments to profit many times, because the market does not break the lower support limit, so we can use it to look for a little profit and it happens many times, and the results are still fantastic. but if we want to invest must require patience until we meet the next bullrun.

I would say gold is not that bad, but fiat is definitely horrible. You go out and check every single person who has ever bought bitcoin and you will see that they are all hating fiat and that is why they are switching to crypto. Do not get me wrong there are corporations that go into bitcoin and they may like fiat, but even they do not love it, fiat is a broken system that will never be fixed because this broken system helps the ones who broke it to begin with. Crypto is nothing like that, its something that is beneficial for everyone and that is why it is so much loved.

Gold on the other hand is in the middle of the pack, it is not as great as crypto obviously, but I have to say its not as bad as fiat. Why? Because governments can't just print more gold and that is why it is obvious that we could simply just store it and it will gain value over course of decades.

Personally, I will say yes, it's something you buy and forget.

For the past 3-4 years, my source of crypto investment mainly from bounties/airdrop. So the R/R so good, because I only lost my spare time doing this rather than my actual money (if someday my coin holding go to zero, I have less regrets rather than using my own money mind you).

Everyone himself can answer this question. I think the most important thing here is the answer to the question "when".
After all, those who entered the market during its peak values are now suffering losses, the same thing happened in 2018. A lot of people came to the market and complained that they could not earn.

It's easy to see the investment that you've got to drop if it came from bounties or airdrops.

You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.

You might feel emotional and might do a quick panic sell.

For some, this may be a good place to invest, for some, a place where he will lose all his money. It all depends on the right moment.
After all, if you had invested half a year or a year ago, you would have received great results and would not have asked such questions. However, right now, your investment may be drowning in a bearish trend market.

It will consistently be nice to fan out and increment your venture expansion with various resources like cryptocurrency, particularly in the event that you don't have that yet. It's an incredible arrangement to have crypto, above all, you ought not to anticipate benefitting early and put a huge sum in crypto on the off chance that you are not able to lose it. Numerous individuals have been singed towards that, and it's tragic to see them disdain BTC or crypto overall since they didn't make the best choice to explore.

For sure cryptocurrency is a very good investment, but you still have to play your game the right way to be able to benefit from the market. If you don’t play your game right, then you’re not going to benefit from the market. That’s why you have to take out the time that’s needed and learn the market, learn about the ways you’re going to be able to benefit from the market, whatever you know that you’re going to do to benefit, whether it is through HODL, trading, etc.

You just have to know what it is you want to do and then study very well. You have to understand fundamental analysis and technical analysis, these things are what will help you decide and trade perfectly.

That is why are some people asking "It is too late to invest in Bitcoin?" If we don't give doubt about crypto and start investing them earlier, we might become a millionaire now but too unfortunate that we have lived that kind of human instinct and mostly we have driven by such doubts and uncertainty.

We are afraid to risk because we wanted to see the result first as proof. It is not actually wrong because we want assurance but it was too late to find it and now, we are in regrets.

Indeed, the popularity of these coins has all the potential for market strong competition. However, it takes a lot of years to mature and establish higher demands to cater or orders just to make it higher. Not only with india but also for other bigger countries with having such top growing economy.

Those coins were already established and some even got an issue against SEC. They all got the potential and they've shown it already because all of them are listed at the top ranking of the market.

It is for every country that shall adhere to the adoption of cryptocurrencies if they're looking for its growth.

This actually talks in whole globe or international and doesn't only limit out in India alone where the market is totally been mainly supported on different countries by different people.

Asking if crypto is a good investment? Yes it does but doesn't mean that it would be simply in terms of selecting which coins you would be getting.If we do consider on how many coins overall

in the market then you would really be finding hard to determine so its better to stick with top rank ones to avoid the hassle and headache and you should always aware with the risk

as always be because theres no guarantee on making profits or money within this market if you don't really know on what you are doing.

Yes, I agree that cryptocurrency is a good investment but have a high risk also, you maybe win big and lose big. But still it is a great investment if you know how to run this and what is the process to gain a high profit. But, just like how other people define cryptocurrency as investment, some of them says it was good and the best place for investment but some of them says its not because there is a possibility that you might lose such a big amount of money in this. Investing in cryptocurrency might be hard since you need to research a good coins where you can earn a high profit but you should be aware with the risk. Don't invest something if you don't really know what to do.

Every investment and profiteering needs to be risky , we all knew that and if you have no problem with that then you should not be on this process.
For my years in this market , i already experienced both to profit and to lose but i knew this from the start and i know that for me to gain then i must invest and risk.
But Correct , Crypto investment is the most profitable and the best way to earn money if you know how to wait and focus and never expect something for easy way , instead learn how to take time and wait.

Contributing to crypto resources is hazardous but moreover possibly greatly beneficial. Cryptocurrency may be great speculation in case you need to pick up coordinate presentation to the demand for computerized money, whereas a more secure but possibly less profitable elective is to purchase the stocks of companies with a presentation to cryptocurrency.

The best investment choice, no need to hesitate and no need to worry too much about this. Because sometimes some people just say at the beginning that is in the middle of the journey.. they turn into disbelief because of some risks.
In addition in crypto, we really have to know which coins are of higher quality and more popular from time to time, and the top coins are still very worth holding//as an investment choice.

yeah totally..I feel sad too if my airdrop goes to -80% lol

It's more exhausting to trade/invest on our own money, tried a few times, can't stomach it better than money from the airdrop.


So I just stick with what I do best, doing bounty and airdrop. Casually throw some of my own money too, but rarely.

It is such a shame that this has happened because not only they invested in a coin that is not the worst that we have here in the market but it is really far away from being the best, and they did it because of the influence of Musk, and while everyone should be responsible for their own actions when it comes to investing or trading we know that many times this is not the case and people decide to invest based on superficial reasons, and Musk took advantage of this to get money out of them.

Using their spare money that will work for them, just invest and hold then do nothing,

In the long run the market will bring them huge benefits but it's not easy as it is, knowing those people who don't believe this venue
they'll rather to look for other types of investment than risking their money inside this market. we can't for them as the mindset that
they've got is far different from how we seen this opportunities that crypto provides.

The difference of trading coming from your money is that you need to be sure with your every trade and you'll have to think that there's no space for making a mistake.

If you do, then you lose your money.

But using your rewards from bounty, whether you lose or not, you won't feel bad because you've taken zero money off your pocket.

Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.

P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky

I wonder if anybody has come across something else that can give as much return as crypto investments does without having to wait for several years before gaining that profit!

From my experience nothing has even come close to it. Sure, there's risk due to the volatility but sometimes there are risks worth taking, and to me crypto is a perfect example of this.

Yes, I agree, investing in cryptocurrency is taking a risk of something you don't know if it will really give you a good profit or if it is really worth it. But for me, yes cryptocurrency is a good investment especially to those people who are not afraid on taking risk or they are already into it. It was a good investment to those people who understand how crypto market runs and understand or have the knowledge on what to do during ups and downs. Cryptocurrency is a good investment to those people who are willing to wait and have patience. It was a good investment if you invest it right especially there are lot of scam projects and the cryptocurrency market is flooded with low-quality coins. If you invest, wait to the opportunities when markets already correct especially their prices.

That's just the problem in a (currently) unregulated market like cryptos ... Everybody can advertise for anything and doesn't have to fear any consequences. This would not be possible in the stock market, for example, or would result in severe penalties if advertising was done and the price then plummeted massively - as is the case with Doge.

I'm not even accusing Elon of malice, I just think he likes the fact that he can manipulate the market like this and does it primarily for fun.

Yes, I entered the cryptocurrency circle since 2017. I deeply believe that your perception determines whether you can discover some opportunities. As far as cryptocurrency is concerned, although it has a history of 10 years, But there are indeed very few who can really understand, and there are also a few who can have wealth here. You must continue to learn and experience to have a more comprehensive understanding of cryptocurrency.

Of course, investing in cryptocurrencies is profitable, but you need to choose the right time for this, choose good cryptocurrencies and have a clear strategy. If you invest simply without these at least three factors, then there is a high probability of losing your funds. If we talk about investing in cryptocurrencies right now, I think now is a good time for this, since there is a high probability that by the end of 2021 there will be another growth phase. All that remains is to choose the right cryptocurrencies for investment and have your own strategy for holding down and then selling purchased cryptocurrencies.

Exactly and for some reason, new traders feel like every coin is worth investing until they face the raucous reality. It's true that crypto investments are much more worth than non-crypto investments because the market is still expanding but that doesn't mean all the projects are legit and all the promises are true.

If you invest in a serious and legit coin then even 100x is possible but if you made a mistake and invested in either a not-so-serious project or a meme coin, then only Elon Musk God can save you.

Crypto investment is profitable but the precautionary measures you need to take are more than you take in the stable stocks market.

It's a bit of both yes and no, because I think that before investing on crypto or even at anything, you should do your own research and learn as much as you can before jumping in and then when you do it, cryptocurrency becomes profitable.but if you are just in it for the quick money grab, then there is a likely chance that cryptocurrency will not be profitable.

I think in year 2021, no need to say that crypto investment is one of the best investment where huge investment came from year 2020 and market also are in good position. Yes this market is too much fluctuated and more dangerous also but where there is risky, there is more possibility also. So be positive here.

We all know that crypto is one of the best platform of investment .It is bestter than stock market ,Forex and commodities etc .Crypto market is always high volatile that's why its a platform where we can earn quickly even we can loose quickly as you said .Actually we need to study more before enter on the market and its always better to hold for long term it helps us to get a almost sure profit .I think India has got that the next world will be on crypto that's they make decision not to banned its a great opportunity to get a big platform to invest .So the investor get a good chance to earn more from here .

There's no need to talk because the success of the crypto early adopters are the main voice to tell that it is really good to invest in cryptocurrency. Yes, it is risky but if you would choose to play safe and not going to try to take the risk you will going to miss the chance to ride on a rocket. I'm a newbie crypto investor today and one thing i could only say is that i missed many chances to get started earning a knowledge which I bet i took advantage first thing first when I heard about crypto, especially bitcoin.

Just so you know, we're already in 2021 and less half of the year until this year ends.

You're saying that there's a balance on the market and that is true. But if you don't think that there's no need to say that crypto is the best investment. It's your choice not to say it if someone asks you.

The reality of the matter is that there are people who would like to get rich, and get rich quick and bitcoin can't give you that. Unfortunately there are copious amounts of people in the world that sees bitcoin and crypto as a get rich quick scheme and they want to get in, make money in a day and get out and never work again, which we as people who are veterans with experience know that is just a silly approach to crypto however that doesn't change the fact that there are some idiots like that.

So what we should teach people is that bitcoin and crypto in general is not a place to get rich right away, nothing in the world is, maybe one in a million chance some people can get lucky but that is highly unlikely not going to be you. That is why people should stick with crypto that is valuable and invest into those coins to make a good return.

Cryptocurrency is a good but volatile investment. As we saw over this past 6 months bitcoin (as an example was as high as $63,000, then it dropped to about $29,000.) When professional traders, like those who trade commodities are looking for opportunities in volatile markets they will use a hedging strategy to manage drawdowns but still profit from the expected positive trend.
It's not sexy, but it works.
There are bitcoin options and starting to be some in ETH as well but still quite expensive. And you have to understand options to put together a sensible strategy.
This service is a AI based risk management tool that I use. They have models that work on about 30 markets including BTC, ETH, ADA, UNI, DOT, XRP etc. I use it on my holdings which are primarily in BTC and ADA.
Those models started hedging my position on May 11 and by May 12 it had put my position into USD. I look at what they are doing ever so often but what I can say is that when the market starts trending again and the models remove the hedge, I will get in at a lower price.
More BTC and ADA in my account.
It's not perfect. During a trending market you make less but my PnL is much more stable with a Sharpe Ratio of over double that of bitcoin.
https://panxora.io/panxora-labs/treasury-management-service/

 

cryptocurrency was good for long term investment. it have high risk but if we could manage it well , multiple return we will got from crypto. there are alot successfull investor which is have gain more than 10x from initial value. If compare with another investment portfolio which have same risk , crypto currency still be best asset.

Cryptocurrency is a good investment. However, there are many projects in the currency circle, and not all of them are worth investing. It is best to choose mainstream coins such as Bitcoin when investing. Such coin risks are low and can ensure the security of investment. With the continuous growth of the crypto market, investing in currency and holding it for a long time, and having the ability to analyze and identify the blockchain market, will get more profits from it.

Cryptocurrency is a good investment if you do think it really is. It is a good investment due to its volatility feature that enables it to go up and down making different opportunities for both the investors and holders. But being a good investment do also have pros and cons since in any investment, there is no such stability that you are always earning profit as you think it was supposed to be. Putting investment into crypto is worthy if you will know the best cryptocurrencies to invest with and you manage your funds on diversifying it into those worthy crypto even many people are saying Bitcoin is already enough to stand with. There are lots of opportunities scattered in this vast market so we must not just lock up ourselves into Bitcoin alone. You can primarily put the biggest part of your investment into Bitcoin then diversify the remaining part into other crypto you find worthy.

I think everyone on this forum will agree that cryptocurrency is a wonderful investment, however, everything will depend on the time when it is made.
Everyone should have a cryptocurrency in their portfolios, because this is the money that has a certain independence from classical financial systems. And who knows how far all this can go, the possibilities are endless.

This is the advantage and the disadvantage of unregulated markets, the fact that you do not have to report to anyone means that anyone that wants to create a coin can do it but this also reduces the quality of the projects we have in it, and if to this we add that powerful individuals like Musk can do whatever they want and not face any consequences then he is going to keep doing it, the only way to protect ourselves from this is to not listen to him, something that I think is happening already.

May be or maybe not ...when You invest good successful project which a good investment for you but when you invest a fake or shit projects then it consider a bad investment. It should always risky for investment in shit projects.

Agree on this because everything will really be depending on what you do choose.Investment turns out to be profitable if you have chosen the right one but if not then expect the opposite outcome.
Its just a matter of risk taking because not all would really be having that kind of risk taking factor and still have hindrance or doubts when investing on crypto and some do make out investment
without even thinking on whats the risk behind which do results into frustration and regrets.

Investing in cryptocurrency is profitable and a good investment, investors can make profits by investing in cryptocurrency. But the price of cryptocurrency fluctuates greatly, and there are certain risks. Therefore, study and research before investing to reduce risk and loss.

Of course, we can't eliminate the risk here but as a trader/investor we have to find a way and that by choosing a good and promising project.
I can say that crypto investment is a good investment as well but if we are careless with our actions and decisions, it gonna be our nightmare.

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So before we have a plan to invest in crypto, better to know more about this and don't push ourselves if we are not yet prepared.

Cryptocurrency is the best investment opportunity，it promotes the development of the blockchain digital field. We can see that many investors make profits by investing in cryptocurrencies, and it is indeed profitable. More and more investors can prove that cryptocurrency is a good investment. However, investing in cryptocurrency also has certain risks, so you must understand and analyze relevant information before deciding whether to invest.

In a sense you can say that cryptocurrency is a good investment, but after investing in cryptocurrency you need to know about it, how it will give you profit and what kind of circumstances it needs? After knowing nothing about it and investing in it, you will absolutely get loss. So try to know as much as you can about cryptocurrency, that will be beneficial.

And it is your duty and responsibility to choose only those good projects or cryptocurrencies that you have to invest. It's better to invest with knowledge to what you're investing in.

Rather than to randomly guess and invest with those projects that you're just seeing on the trackers. You don't invest with bad projects and if you do, you didn't do research.

For new projects, we really have to do detailed research, but why don't we choose bitcoin for the main investment in cryptocurrency, or do we only use a small part of the capital to invest in new projects, so the risk we accept will be smaller. I think that in investing, the security of funds is the main thing, besides we are looking for profit of course

Cryptocurrency can always be a good investment but you have to keep in mind how much profit the investment you make actually pays you, If you can do market trends and market analysis properly then you can make a profit forever but market analysis and trend is important to remember that you may face losses for some time but you may have to wait a long time to recover them.