Bitcoin Forum

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

Yes you are very correct. It's very important to know the risk and uncertainty involve in any investment before considering it as your line of investme because one of the reason why most investors are not sustaining their is that they tend to invest on sometimes base on what someone may tell them about the investment and profit he make from the system without trying to know what the system really entails and the risk involve.
Before considering digital currency investment you need to know the history and the economic performance of the coin you are investing in and when making investment it's important to have a descrisionery income that will help you in your daily financial needs because to make a good profit in digital currency investment require time and patience to hold it for long term .

You should revise your perception about cryptocurrencies. Not all cryptocurrencies are scams except Bitcoin. You can research the top cryptos. Bitcoin is the best of the best, with its vastness compared to other currencies. You are a new member and you need to learn more about Bitcoin so try it regularly. Known as a store of value, Bitcoin offers higher profit potential through long-term investment compared to investments in globally recognized real assets. Saving money in a bank or insurance company means you have entrusted your assets to a third party thats centralized control. Holding Bitcoin means you are the sole controller of your assets, without any third-party control and in a decentralized system.

I never said all cryptocurrencies are scam,I only said that crypto is being traded on blockchain technology,only blockchain technology anything aside this is scam,my points are specific,no coin was tag scam on my thread.

Buddy with this mindset of yours, are you sure you'll be investing in Bitcoin, as I checked you are a newbie and I believe what you need to be doing now is to build your mindset towards accepting and investing in Bitcoin instead you chose to discourage yourself with this kind of writteup, I want you to know that as far investment is concerned, risk must be involved,  I think you need to know more digital assets and again am not talking about all the digital assets am much concerned about Bitcoin which I will be happy if you get to know more about it.
As a newbie your message is very discouraging to your fellow newbies because no OG here would want to get stuck with this your writeup, if you've all this mindset about digital currency then am afraid you may not be ready for bitcoin investment.
Buddy haven't you heard about investing in Bitcoin for a long-term or are you not aware of the history that Bitcoin has made since it existence, the price of Bitcoin can depreciate and also upsurge but one thing you should know if you don't know already is that the value of Bitcoin remains and will be being valued more than both virtual money and fiat itself, I advise you understand the concept of this investment and start doing the needful instead of getting yourself stucked with this kind of procrastination mindset.

Actually I think investing in crypto is not bad. It is one of the lucrative platforms that adds so much value. Before anyone invest in any. They should do so research about it before investing

Watin you talk na true, no be for only cryptocurrency self any business you won start you need to know the risk way they inside before you start am, like for crypto you need to carry am for the back of your mind say e they highly volatile in nature which mean say you fit use your money buy coin today and tomorrow the money reduce, maybe you use 30 thousand naira buy the coin e fit reduce the money to 10 thousand naira, so we need to know the risk before we investment when you know the risk way they inside e go help you make better choice of the kind of coin to invest your money into, for now the coin way better way be say volatile no they too affect am na only Bitcoin, some people go tell there friends about cryptocurrency investment but then no go tell them the risk way they inside.

Just to clarify something cryptocurrency is not just a digital asset, rather that's just a single view of it.  It's still much a currency but a digital one at that it can be used for paying or receiving for goods and services just like the fiat currency. Even, fiat currency are still also being used to purchased other fiat currency. Example, when two countries trades or make business deals, they have to convert to the currency they both agree upon.

  I'm very glad that i came across this thread because it will not enlighten us the risk at ahead of us in every business we invest on but this thread will be here to refresh our mind on the risk relating to crypto, then we have to learn crypto or Bitcoin very well before investing on any project.

Because of how lucrative it is you will like to invest in it and the bitcoin community continues to grow the more every day because what people are hearing about and it is not about having intrest alone it is about how serious you are about your investment but a lot of people are finding it very hard to believe that bitcoin can actually be influential and when it comes to other investments people are still looking up to bitcoin to be the best and there is no didgital assets like bitcoin.

And the research they do will be the one to determine if they will be able to invest or not because we have a lot to learn when you want to actually invest in bitcoin and for people to be comparing bitcoin and gold shows that bitcoin is getting more levels and we don't need to struggle to much when we have the money the best decisions is to invest.

just like any other business you want to invest on,you should beable to relate well with the business and also know the nature of the business alongside the risk involve,you must be acquainted with that particular business system with its operations.I think with this you can explore very well in a crypto space without fear because you already know and been aware of its concept.The major reasons why many people is not doing well in crypto investment is because they lack basic knowledge about bitcoin and we see that as limitations.In a nutshell,you must try to find out how bitcoin investment and how its work before you invest, so as to avoid any story that touches the heart.

While others are already talking you down, I’ve read your post thoroughly and I will have to commend you for your effort and yes, you didn’t present yourself very well but I think, as a Nigerian I bet your point and your post basically is talking about risk management and proper research before investing in crypto and as such, I along with you and it’s true that bitcoin is a digital asset which is decentralized meaning not controlled by anyone except the holder and on this note, people need to be extremely careful while dealing with it as whatever mistake you make might not be easily resolved.

I also agree with you, that’s the volatile nature of cryptocurrency is what determines the profit and the loss and for an investor to stay on the profit margins, they need to do a proper research of what they’re intending to invest in.

You are right. If you know what the risk of the investment you are about to put your money into is, you will know whether you should invest in it or not, but some people are failing to do the necessary research before they invest in the crypto market regardless of how promising that thing will be. We need to do our necessary research or know the risk behind the investment before doing it.

However, sometimes don’t follow the hype and think you will get huge rewards; sometimes you will lose the money. Also, there is some risk that you already know you will lose, so that kind of thing—don’t think the crypto space is risky so you will invest in it. Sometimes there is some risk you should avoid.

There is a wide difference between investment and gambling. Some people see crypto industry as an investment while some look at it as a means of gambling.

👉👉The investors: This group of people take their time to make necessary researchand look deeply into project before investing their money. They know the risk involved in the space, so they also make a move on how to manage the risk.
👉👉The gamblers: They are always eager to make money. Even when they see high risk on project, they still invest thinking every thing in the space is risky.

One thing I know for sure is that in the space or you lose, but to position yourself own the right path, you have to know why you go in to this journey first , then focus on expanding yah knowledge, because in this space no knowledge is waste . So firs focus on building your knowledge first then as time is go on you can start finding ways to accumulate more stacks with that you have learnt .

There is nothing you can do in this life that risk is not involved, even our daily business risk is also involved you can invest in a business and lose all your capital. Life itself is risk,  same with crypto currency. Volatility is one of the characteristics of crypto currency so risk is involve in crypto investments that is why it is advisable to invest your discretionary income, you are not to invest money that is meant for project in crypto or money for your daily expenses so if you don't have discretionary income crypto currency is not for you. 

Wetting you talk now truth at least before person go invest for something the person need know the risk so that him go fit know weather ehh go fit take the risk or manage the risk for the investment.
As for BTC now very volatile investment wey go fit give you high return, but ehh get risk wey you go fit handle if only you invest only what you can afford to lose.
 and me so tell anyone wey won come into crypto to invest in BTC Now the coin wey legit pass be that every other coin for there now shitcoin nothing good fit come out from them.

Yes to lessen the risk it is better to invest into Bitcoin for a longer time instead of going into shitcoins there is how you will invest into Bitcoin you have already kill the risk in it by buying bitcoin and hodling for long and this investment is easy to start up if your discretionary income is ready you can gradually start accumulating Bitcoin small small either weekly or monthly to continue to hodl for long.

You are just seeming to be new in this crypto space my friend, it's nice coming up boldly to write the least of you have understood about crypto and I'll vehemently urge you to keep on learning, practicing and growing.

Blockchain technology does not only covers cryptocurrency, it is used for every other purposes like the medical system, book keeping, industrial process system and other sectors, it can be used to store data and informations while making everything transparent and reliable, that's why it's suitable for cryptocurrency, not that blockchain technology is a scam, it's not so.

Knowing about Bitcoin volatility or the crypto market volatility in general dey very important because some people once dey hear Bitcoin now say people they cash out as per BTC lord. Dem go think say once they put their money today by next week or next month their money go double or triple dey no go calm down ask question or even ask the person wey show them make em explain or even use their hand browse out one or two.

  All their mind na say na Bitcoin people dey use make money so once dey put 50k  na next month dem go see like 150k then if they come and see see say their money don drop to like 30k dey go wan get heart attack or fight person wey carry them enter bitcoin market. so this part of knowing say the money wey you put today e fit increase or decree tomorrow dey very important, so anything you see you go hold yourself then you go still they follow up the market for when better bull run go happen so you go see better profit from your money. So yes if you know the risk wey you go face for any investment or business wey you go fit stay for that business for long.

Crypto investment has two major risk that I will always advise people about, one is volatility and the other is security. First, newbies that have interest in crypto should start their investment with Bitcoin, unless they have an experienced mentors that is guiding them on the altcoin to invest, if not, they need to start with Bitcoin, until they are experienced with other cryptos before they can invest in them. Bitcoin definitely has the possibility to bounce back after it dips, but many token pumps and dump without any possibility of pumping again. So, anyone that blindly risk their capital to invest into a shitcoin, might be dumped. In the aspect of security, if you don't protect your wallet phrase, you might lose your coins to hackers.

This your talk is somehow, because i don't know if you are against bitcoin or if you are for bitcoin, but if you are against bitcoin that is your choice, because when it comes to investment everybody will make their choice for themselves on what to invest in.
So what are my saying investing in bitcoin it's not compulsory, if you don't want to invest in bitcoin you can invest in something else and  allow us who are investing in bitcoin to be. Yes bitcoin is risky with high return only if you can take the risk by buying and holding for long term and not trading it.

Op first of all you need to improve in your writing skills, more especially after putting comma or fullstp you are supposed give a little space so that it'll enable person reading it to understand what you are saying. To be honest the topic dey very interesting oo but the way wey you come put am come make am looks some how to people to understand.

Normally as a newbie before thinking of investing in any cryptocurrency first thing you need to know is the risks involved in them. Because na just weting go help you hold for a long period of time.

As you dy talk about cryptocurrency so, I know say na mostly shit coin and alt coin you dy talk about, because Bitcoin investment no fall under the same category when it comes to risk, and to be honest na meme coin or shit coin as we normally call am nai dy risky pass because them dy live on hypes alone, and it mostly falls more than it rise, so on my own part, I no go ever advice anyone to thread that part because na really dangerous part to follow.

I know of so many people wey don invest in alt and meme coin wey them lose wetin no nice because of greed for 10x to 100x, while some na due to lack of the right knowledge, so as we dy invest in this crypto space, I go advice say we invest like 95% of our decretionary income for Bitcoin and we fit decide to risk the remaining 5% for those alt and meme coin, so that if things no go as planned, you no go too reason am.

I would like to clarify you op that no body can asertain all risk involved in any investment before venturing into it it's good one has a knowledge per risk but you can't weigh a risk because some risk can occur when you don't even think of it, besides investment itself is risk that is why those afraid of risk taken always fall prey of not investing.
Mindset to which you want to carryout your investment matters if your perception lies that all around you is fake and scam it's very difficult for such individual to take risk or take opportunity even when it's at his door step to take. Note that it's even more unwise and risky not to take a risk, evaluation to what you want is not bad but considering all around to be of negative impact will diminished your rate of success in anything you think of venturing into.

OP you dey correct person need know the risk of wetting eh won invest In and this talk no be only for cryprocurrencies it also applies to other investments like stocks and real estate them and others, because you go fit put money for some kind investment you fit no see your capital talk more of  profit, bitcoin too on the other hand now also risky investment now only people wey fit get mind and patience go fit run bitcoin investment, because now high risk high return.

Knowing what you aim to invest in is very vital and important, one of the demerits of cryptocurrency is that hackers are everywhere looking for those with not much knowledge on how to safe guard their crypto coin make mistakes. That is why we must learn first, aside cryptocurrency any other type of investment you're about to venture into, you must have a basic knowledge and also develop on that basic knowledge to maximize your profit. A single mistake in your crypto address could lead to loss of funds because your coins will only get lost. Proper knowledge is important to start up anything with monetary value.

I agree to wetin you dey talk, asides Cryptocurrency, before person involve themselves inside anything wey concern finance you suppose get idea about the risk factor wey dey behind am cause nothng for this life wey risk no dey inside especially the things wey involve money, na when you done know and understand the risk wey dey inside then you go know how to manage the risk so you fit dey successful inside come make better profits. Although Bitcoin investment no too dey risky but if person no go about am the right way (investing for long-term) then you go suffer the risk of making more profits in the future, another risky way of investing in Bitcoin na to dey use wrong neans of storing like storing the coin for exchanges or wallets wey no be non-custodial that na one big risk wey people dey make for Bitcoin investment, another one na to dey trade with Bitcoin instead buying and holding for long-term wey be the original concept of Bitcoin investment.

I completely agreed with you yeah especially when you made mention of how unwise and risky it can be not taken risk at some point in life and which of course there are calculated risks which one can actually take in regards to getting more experience, evaluation is more like a basics to which  it can be unwise for anyone not to do before venturing in to any kinds of investment, it really pays to be more of positive vibes than negative towards achieving certain objects and goals. Sometimes mistakes doesn't matter but how will react to then matters, that is to say one don't have to be overly and negatively carried with the feeling of making mistakes and refuse to try new things.

You are absolutely right, there is risk in almost everything we do in life even making it in life Is a risk because there is an extent you will have money people will begin to envy and plan evil against you and risk is something we can not avoid totally as a human but rather we can reduce it or control it somehow by being careful with our decision and actions. However, since we don't know the potential of those crypto perhaps we should be careful on how we go about investing on them and I can not advise someone to invest in something the potential is not know and even if one use his or her discretionary they can still make loss because there are some crypto that once they dump there's no going up again so I always advise people to go into Bitcoin investment and hold for some period of time.

D thing be sey you for dey add "for now" wen you talk sey crypto nor dey regulated. We nor fit know wetin go happen tomorrow bc anything is possible for dis crazy crypto industry. By d way sef, even wen stocks and banks dem be start, e go get so many things wen d pioneers dem nor go get right until gradually regulations and all dat com set in.

Anoda thing wey I go add be sey, make people nor dey act or talk like sey na only for cryptos risk dey. Every business get risk. Some risk sef get betta risk wey pass wetin dey for cryptos. Make we nor dey too carry fear enta dis crypto thing.

I agree with you, not all cryptocurrencies are scams except Bitcoin, many cryptocurrencies are doing well and they are well-trusted and recognized, the reason why we see Bitcoin as the best is that it is very trusted and has more profit than other coins, Bitcoin will always be number because it has won people, heart, with the way it going and making those who trust it succeed by providing more profit after holding bitcoin for a long period.

Every Cryptocurrencies is risky, even the Bitcoin that we are trusting is also risky because it is an unpredicted investment you don't know what will happen to the price at any time, the reason why Bitcoin is always different is that no matter how bad the price is it must rise and you must earn a profit if you are patient and hold your coin, Bitcoin is an investment that you will not doubt if the price is not going to rise again.

How you go take put money for Wetin u lack knowledge about, e no really make sense now, any investment wey you wan make, you suppose get proper knowledge about am before you put money inside, if people Dey tell you say profit Dey Wetin you wan invest in, you suppose do research before you go put money now, and na mistake wey plenty people Dey do be that.

Plenty people wey Dey enter crypto now Dey join because people Dey make money from it, and Dey wan make money also, but Dey don’t know that most of those people wey Dey claim say dem Dey make money no really Dey make money like that, some of them wan just feel themselves, and dem go encourage you make you come join also, immediately you put money, na when you go know say crypto no be play.

Most people wey Dey put money base on Wetin people talk, most of dem do end up losing money, because na all dis shit coins na him dem Dey put money, and people wey smart go dump am on people wey never too sabi, na y if I wan recommend coin give newbies, na bitcoin I Dey always recommend, and I go tell dem say Dey fit lose money the same way they can make money.

I can see newbie educating newbies, but anyway no problem, well you might be making some point but this place is not a place to categorise  Bitcoin as shitcoins or cryptocurrency as you may say, but making Bitcoin the top priority. People mistake shitcoins for Bitcoin and it makes them to invest in shitcoins and hoping to get the results of Bitcoin.perhapsts they are not thesame. It is good to know the risk in any business and identifying it. I could remember a story in social media where a man left his job for mining airdrop, hamstar combat precisely and hoping to get a get UpTo #500m maria was disappointed to have received $9 in total after spending a lot of time doing something that doesn't worth it.

The most evil part of this your writeup is that it demoralises members and scares of newbies. Firstly, I think you should be factual when posting such unverified and unfounded perception for reasons best known to only you. In as much as I'm trying to focus more on bitcoin investment just like every other newbie and junior members, it won't be fair discouraging me. With this your post any one who looses interest due to fear will forever regret stopping to read this post when bitcoin pays it's holders just like it has always done in the last.

Bitcoin is a moving train, you either join or watch it pass you by.

What you said is nothing but the truth before go a ahead to invest in something, nothing only cryptocurrency any business at all you wish to go into, you need to know the risk that is inside before you proceed, cryptocurrency is highly volatile, for insistence you can put 100k in a coin and the coin can reduce to 60k so you need to know how risky a coin is before you put your money inside, on like BTC, in BTC  volatility is not too effective so I we advice one should go for it as their choice of investment to enable you take control over your emotions.

This topic is one thing we've paid emphasis on for sometimes now because most person go on getting a project without looking at any risk factor involved in the kind of project they are embarking on,and when it turns out becoming dormant,and failing them,it will break their heart.
Before going into any project,it is very adviceable to check and go through everything about that project,check it best period,it worst period,and what can possibly be the outcome of that project,so you won't regret investing in the project.

yes perfectly said most especially the newbies, the risk bearing is done alone when u are not monitoring ur assets it might lead to your down fall of your coins always makes sure to work with an expert  investor who go carry u along and fir you to watch the process too.

If u can notice it the first three letters of crypto is 'cry' funny enough we most know that whatever we involve ourselves in crypto we must bear risk don't just go into crypto because you see people going into it and they succeed don't mean they don't bear risk as one going into crypto you most be a risk bearer prepare you mind for that so even when it happens you don't get surprised Above all get a good information about crypto or probably an online class be informed people get thinks wrong most at times because they are not guided

I have always seen shitcoins, binance ,altcoin, these are the means of earning good money in a short time. Maybe you have saved crypto coins and are trying to double the money accordingly. In my view, Bitcoin investment is similar to other currencies, if Bitcoin is paid, then after a long time you will enjoy a lot of money, which cannot be found in any other currency.
Bitcoin has shown that people can save and not imagine that they can save for Bitcoin with a certain money every day, but this time it will increase three to four times after. Calculation can show 5 % loss of 100 % profit which is not apparently no harm.

Investing in crypto, there  is a 50/50 chance of your stake going high. You loose some, you gain some. When investing in crypto, you don't just put all your savings and expect it to yield in a day or two No, it's not a ponzy scheme where your money yield within 24hrs. Before investing you must know that don't care about your emotions in crypto, you might invest a thousand dollar '$1000' in a blink of an eye it's  less than hundred dollar $100 that means you've lost about $900 in crypto. As the saying goes crypto isn't for the weak. If you have someone who has an upper hand in crypto you can seek for advice from the person on what coin to invest on although nobody is perfect when it comes to the crypto business. So you must brace yourself during investing in crypto.

Some risks can result in a huge payoff, but one should be aware of the risks before doing them. Many people have made the same mistake by taking such risks to invest their money without doing the necessary research, whereas some people know that the investment they want to put their money in carries a lot of risks and they could lose money if they invest their money, but greed will not prevent them from doing so.

I agree with you, no matter how promising an investment looks, there is always some risk involved. We are aware that Bitcoin investment is a highly trusted place to put money, and those who are unfamiliar with it will conduct research before putting their money in. It does not mean that Bitcoin investment has a lot of risks, but they want to understand where they can invest their money, and not all investments are worth putting our money into, regardless of the huge profits they can provide in return.

Anything you want to do and you are willing to succeed in it, it is very important to know the risk in that investment before you jump into it. because you not knowing the risk you waste your time and your resources.
It is not advisable to invest in business you don't know the risk.

Whatever you call investment or business, you have to take risks. The level of risk in the crypto space may be relatively high, but at the same time the potential for high profits. I approach my investments strategically in such a way that even if there is risk, the money will not affect my daily activities. Investments should be considered in a way that creates the possibility of running it in the long term and through discretionary income which is a more alternative source of income. The main goal is to get profit from the investment, but you should aim to hold it as expected before getting profit.

Op if you compare the risk in investing in bitcoin and other shitcoin you go see say that of bitcoin dey less compared to meme coin or other type of crypto. Even stable coin wey be like say e price dey static seff, that one sef still get em own for body. Stabke coin dey tied to one fiat currency so if that currency dey experience inflation the stable coin sef go join am dey experience that volatility,  and that na why I no support the idea of say make Nigeria get em own stable coin because then go just dey sell am against dollar and that fit trigger more volatility. Bitcoin sef dey volatile oo but em volatile tend to approach the bull rather than dump.

You are correct, Bitcoin is the best coin in the world and other coin are shitcoins they don't grow they are always stable you can invest in any of this shitcoins and for 10 years you will remain same place but not in Bitcoin and that is why it is always advisable that if you want to accumulate and hold for long term go for Bitcoin, if you are a trader you can decide to trade with shitcoins but is still very risky, it is true that Bitcoin is volatile in nature but it volatile nature those not stop it from growing if you check the history of Bitcoin growth you will discover this.
If you are are accumulating and holding Bitcoin for a long term it is less risky but when you are trading bitcoin you are at risk because of the volatile nature of Bitcoin, but just like you said one can't compare the risk in Bitcoin to other coins, Bitcoin is more trust worthy and it has proven it self for years now, a lot of people has lost money in shitcoins and it has lead to some death because of shock that there life savings is gone, some set of people still believe shitcoins will one day grow like Bitcoin, I don't see that happening because a lot of shitcoin creators are now using it to scam and extort people.

I understood your points, I see the op is only making a general point of view on cryptocurrency at large when it comes to risk involvement forgetting that Bitcoin stand out on it's own and shouldn't be pegged with such level of risks as when compared with other coins in the market, anyone treating Bitcoin the same way as other coins will only end up regretting, because it will keep surprising them over time with a value increase and wider spread adoption. What we  are seeing now is just the beginning Bitcoin has more way to go. Anyone can be skeptical for all I don't care provided we are investing from our discretionary income.

Your actually right because before you venture into any thing you should know what that thing is about about so that you will not blame any body when your expectations about that thing is not ment and when it comes to crypto currency especially Bitcoin it's essentially that people have a good understanding of what it is about about


Especially as it concerns volatility of Bitcoin as it affects the price of Bitcoin because most people are not aware that Bitcoin is volatile and that this volatile nature of Bitcoin can cause the price of Bitcoin to fluctuate which will make the price to be unstable so when considering investing into Bitcoin a thorough knowledge of crypto currency should be acquired by potential investors

Normally person no suppose invest in wetin him no get idea of and as such, I agree with you say, we suppose know wetin we Dey invest in because we rush go put money because this bitcoin if a thing and cryptocurrency as a whole and wetin Dey very risk and we suppose Dey careful and take our time before investing one dime because if any thing sub, na only you go still Dey fully responsible for the actions and na only you go bear the consequences.

Bitcoin and cryptocurrency in general is volatile and just as people and investors expect to make a fortune from the volatility, so do the losses come if not properly and carefully done.

Cryptocurrency is not done out of ignorance if not you will be heart broken when your expectations are not met how ever the probability of you making tremendous profit is also on the average but not to go in without more than enough knowledge of how it works to avoid being disappointed
Detailed knowledge of cryptocurrency is very necessary before investing no matter what amount you wish to invest knowing when and how to buy especially Bitcoin is essential

Yeah bitcoin and cryptocurrencies dey risky but when you make some risk management analysis you go see day bitcoin dey far better than all those shitcoin wey dey break people heart.  Though no be that one be the main topic sha but even as the risk dey less compared to other project make we still shine our eyes oo because thing dey sup for here. E dey hood make you do your own research know the tin by yourself, e go hardly comot when na you carry your own hand make the research than make na people con dey tell you wattin bitcoin be.

Planning to invest in cryptocurrency it is good for an investor to be aware of volatility and security, apart from these two, to also know the right investment one needs to partake in.
To me doing a personal research to know the coin to invest is even the best because some of the people we claim to be mentor they may also have interest in some altcoins that is not worth investing. In crypto beginners dont need to rely on mentors expecially when it comes to coins to invest and amount of money to invest.  Do your own research and and take the best decision that will be good for your investment.

I think people who are ignorant about cryptocurrency will not be interested in investing because in reality, most of the risks are related. Just as there is a possibility of making a profit through investing, there is also a possibility of losing money. Crypto is a long-term plan for investors who experiment with an informed attitude and continue to buy than he get profit. Expecting to make more profits later when the investment and the pile are more prosperous.

It is better u follow the risk of BTC by investing than shitcoins that will not return any meaningful profits to u because I have invested in some shitcoins hoping that the price will pump higher in few weeks later than to see the price dumping until the coins disappear from the market.

Taking the risk of BTC to invest in the bear run, it will create a good opportunity for u to earn big profit, but it depends how long u are hodling BTC that will determine the big profits u are going to achieve. Unless u are not looking for big profit to earn that will make u to invest in shitcoins because long time hodling can make u to earn big profits from the BTC.

Online influencers has made a lot of people think that Bitcoin is something that can make someone rich overnight, these people mislead beginners into thinking that it's very easy, they hide the fact that crypto can be a wide ride and it's important for newbies to know what they are getting themselves into. I mean, beginners have the right to know about that crypto rewards are high and so is the risks. And some of these beginners are so gullible that they forget that it's essential to carefully research in any project they want to put their money into.

Those that can't take risks can't invest in cryptocurrency, whether you like it or not every aspect of crypto involves taking risks but as someone that gets exposed to knowledge you start taking responsible risks. My reason for saying this is because most people use the excuse of taking risks to make irrational and irresponsible decisions that affect them over and over again. The more you become experienced the more your risks starts becoming strategic and calculative. Don't blow your accounts everytime all in the name of taking risks, learn to control it through the application of risk management.

No matter how we preach on how to be careful and take precautions when investing in crypto currency, there will always be crypto scam stories coming up everyday, and its anonymity and volatility nature has made it a fertile ground for scammers, we can never be too careful but we can be wiser than before while investing in crypto currency. Even in other investments there are high rewards, high losses and high risks but we should be able to take responsible risks.

As a matter of fact it is unwise and foolish to invest in nay business you don't know the risk involve or attach to it and it is very funny how people get carried away because of the positive side of any project or investment. There is something someone told me some years ago, the person said if you are calculating how much profit you are going to make in any business, you should also at same time calculate how much loss you will make if it doesn't work out well so checking only the advantage of anything is very wrong and it can make you not to succeed in that particular thing because when the challenge come up you won't know how to go about it because you never had a thought of it before.

You are absolutely right, if you can't take risk you can never benefit in crypto investment because anything is risky and if you are afraid to take the risk will definitely fail.  Is only bitcoin that can minimise your risk and get profit more. But if you wish to invest in other altcoins you can let profit and probably lose your funds because is not like bitcoin that can minimise your risk, because is only bitcoin i beleave that you will invest on it, and you won't get too much problems on it. if you can be patient enough and make investment for long term. But if you are willing to take risks, you may try other altcoins, and if you are lucky, you may be able to benefit from another coin. But if you not lucky u will losing all of your funds, as well as the coins that have dropped, making it difficult to increas. So, no matter what you're doing, consider carefully before acting. Anything in life, whether an investment or a business, is a risk, and it is up to you to choose which one you can afford to lose.

I saw some influencers that are not crypto tech mocking some crypto influencers that has been fueling people to buy coins and other things like NFTs. Now that the market is down, many of then has never understood the risk are on heat, they thought it's something they can make quick one from but at the end of the day, there is nothing of such, some of them are praying for their coins to go back to their buying price so they can exit the market quietly.

If you are the type that is hustling for your money and want to think of starting crypto, you need to understand the risk before you start any buying and selling. You should know the team behind the coin you are buying because their work and dedication is what determine the price of the coin later in the future, no good teams you don't get growth in the coin and the project and the price of the coin will drop drastically continuesly like it wasn't for real.

We know that they both have risk but shitcoins have more risk than bitcoin because there are a lot of scam projects pout there and that is why it is better in something you have more confidence in to invest because if its about bitcoin when the prices comes down it will eventually go up but when it comes to bitcoin majority of them done even survive the heat because we have seen different cases were its hard to be able to invest in bitcoin and not have rest of mind.

And just because of how unstable the price of bitcoin is you don't even need to worry because how on earth will you invest in bitcoin and you worry about your investment because i came across a financial advice that no matter what you don't need to keep your money in a bank account but rather invest it into something else this is the more reason you should choose what you want to invest and if it about shitcoin its a free place the person can decide to do the investment so this is more reasons we have to make a choice early than lagging in thought on what to do.

It is better to take BTC risk than altcoin risk, not that u are not going to earn profit from altcoin but the confident to hodl altcoin for long periods of time before u can trade to earn good profit is not too guarantee compare to BTC u will hodl like 3 or 4  years to earn big profits. For u to succeed in those decentralized currency investment that has risk, ensure u have the knowledge of the investment before taking their risk so that whenever the price is falling in the market it will not cause u high blood pressure.

Don't allow anyone to deceive u that those stable coins are more profitable than unstablecoins, BTC has proven to many investors to embrace BTC risk because the profit u will earn from BTC, it will be hard for u to earn such profits from stablecoins

You're right volatility is one thing that can affect the price of Bitcoin so people who are coming into Bitcoin should be well informed from the beginning so that they know what is really involved in Bitcoin related investment just as in every business that people go into there are risk factors involved Bitcoin is not an exception, there was a time that the price of Bitcoin was $100k but as it stands Bitcoin is fluctuating less than $80k so for people who must have invested in Bitcoin when the price was $100k must have been disappointed seeing the current price now so they have to be properly informed that sometimes it's like this but gradually the price will appreciate over the $100k that they invested with and that will take a little bit of time

Yes, you are right. Before investing, we all need to know about cryptocurrency. Nowadays, people are very lazy to gain knowledge themselves. They always think that someone else will devote complete knowledge to them. Such stupid people face losses again and again.

There are thousands of coins in cryptocurrency. But among them, the characteristics of Bitcoin are the most different. Bitcoin is controlled by a completely secure blockchain. It is the most volatile market leader. There are also many more shitcoins and mimicoins in the market. Shitcoins and mimicoins increase in price only once in their life cycle and after a short time it returns to its previous place.

So as an investor, you always have to remember where you are investing. If you want to be a right investor, you first have to find a reliable currency.

But yes, I request you to invest with a proper understanding of the risks of each investment.

You made a good comment. Everyone needs to know that the Bitcoin market will always be unstable Many people in the forum do not know what strategies to invest in Bitcoin Some people feel unrest when the price is worn, which makes the whole market an old market. Basically because of such investors, the Bitcoin market is always Throughout the instability goes. So prepare yourself mentally and economically then invest in Bitcoin.
 
I think it is not right to compare Bitcoin to any Altcoin and Shitcoin. If you can create a mindset of patience and long -term investment, then Bitcoin is above everyone. You can invest Shitcoin or Altcoin for a short time but it may not be eligible to get a high return. And if Bitcoin investment can be kept for a long time, then it is expected that you will be able to earn a lot of money.

Before you go wan do something you go actually check the thing na, because person no fit just wake up for morning talk say e wan make investment on crypto without am properly knowing what he is involving himself and that's why anyone way do such thing na just ponzi scheme e go don think say crypto investment be and he no go reach anywhere before e find out the truth himself. this kind person go lose money well because he go learn out the hard way about everything.

Cryptocurrency works more when you understand it, you cannot invest in something that you don't understand. You must also know that the market doesn't operate based on your mistakes...this is why you must understand the market first before you think about trading, don't just dive into it and start chasing Profit...go for the knowledge first and after a few months you can work on making money form it.. cryptocurrency is risky but the losses can be controlled when following the principle of risk management

Alot of newbies most time doesn't bother to know deeply about cryptocurrency. When they heare that money could be made there and they have some cash, they just invest immediately. And when it now affect them, they will now be saying bad thing about the space.

But at least before we venture into Bitcoin its is important to know about it, and have good knowledge about what we are trying to put our money into, This is not only Bitcoin but our everyday endeavor's.
That is why it is also important to understand the risk associated with Bitcoin which I boldly say as long as you have a good strategies you will have a
good return of investment. Bitcoin is a risk worth taking.

Sure, is very necessary for one to know the risk that is involve in crypto investment before investment will be made should incase the outcome didn't work as you expected you won't panick, or considering your own case being different from other investors. Because most guys always form the habit of jumping into something probably after they most have heard success story about how must folks are making a huge profit from thier investment without knowing that those folks do experience lose most times in the market.

To me, I think the major risk involved in Crypto investment is investing on the wrong Cryptocurrency, there are lots of Cryptos bur there's only one Cryptocurrency that's good for investment and it's no other but Bitcoin, others are pump and dumps with short-term features and the others of the project can take their profits which would cause a rug pull but that doesn't occur when you invest in Bitcoin, it has long-term goals and strategies that could help against volatility for instance the DCA.

 Investing in Bitcoin doesn't really need too much knowledge cause it's a process, you just have to take note of them most important things for a start then you'll learn the rest as time goes and it's less riskier that investing in other cryptos infact their would be no calls for panic expect you do it the wrong way.

What's the outcome of our actions if we failed to make proper decisions that will explore our very existence in the space? Cryptocurrency is very risky, first think it thoroughly through before embarking on the system to invest. I know how my colleagues rush into the space with good capital and at the end of the day, they left with nothing. Risk management is very crucial and important in the system. Atleast we know what we're doing for ourselves and bringing on tactical changes to endeavor good standards in the space.