How risky to invest in cryptocurrency?

[Vjatri]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

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[_Mikasa_]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

For beginners, it is risky because they still have little knowledge about the reliable websites and campaigns to join to. They are highly at risk when it comes to scammers. Also if they don't know the analysis of the values, they might end up investing at a bad time. The least they can do is to ask the ones who already joined in crypto and have already a long time experience. Also, search as much as possible about crypto related topics like how the system works and how to see if the websites you join to is reliable and trustworthy.

[Hui8]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

Risks are many and types are even versatile.

But most commonly you can get scammed with new ICO projects that keep coming in the market everyday. Many times poeople don’t do extensive research about it and just go on investing their money. Later on they come to know that it was complete scam and loose everything they have.

Scams and frauds can also happen with lending your crypto currency, the biggest ratio of scammer come from there.

Noobs does fall for cloud mining scams where they claim to give you high ROI. They are however Ponzi schemes which you shouldn’t rely on.

[Meraki]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

It is risky for a beginner to invest in cryptocurrency because the price of crypto is volatile means it will go up or down without prior notice. So the best way for a beginner to invest is to invest to major coin like bitcoin and ethereum, then if you have more knowledge and experience go try your luck in investing to ICO.

[EdwardClinton]

There is always a risk to gain something.Crypto is also like that. To earn in crypto you always have to take a massive risk. Without it you cannot achieve anything.Patient is also important key in this world.

[maaydin]

the risk is that you can lose all of your money as there are so many scammers and shitcoins. the preacuations are that you can start trading with a virtual money for some weeks and than invest the real money just for experience.

[bit-freedom]

I feel that it is high risk for beginners when they started to invest in crypto. Crypto currencies are highly volatile and there are a number of scams targeting to steal your private keys. Please remember to be careful and research well before investing.

[demenBTC]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

the most fatal risk for beginners in crypto investment is panic in the event of a sharp decline in the market, most beginners compete to sell their coins, to overcome the disadvantage you better learn to be patient

[ballerin and giroud]

Nothing is risky for a newcomers when starting an investment, all of which will have a big risk if it does not recognize the place you are investing in. Cryptocurrency is a new place, and everything about security every user will take care of it. Here the government does not work to make and convince your money to be safe. The greatest risk for a newcomers is that you either chose the investment place or it could be said the place is a scam. Many newcomers are offered promising things but the results are fake. So the first way to start an investment in cryptocurrency is to determine where you can find a place that has high credibility and is responsible if something bad happens.

[tom14cat14]

It is risky when you invest your last savings, and it is even worse if you get credit to invest. It could be very tricky and you can loose everything. Otherwise it is ok if you loose a little, and it could be better when you gain a lot. Every person should understand this

[JaniBaram]

Carefully research what coin and team you are investing into. Buying the top notch coins would usually be safe if you are looking to hold for a long period of time.

[galambo]

For a newbie investor in crypto, it's very hard for him to understand the ups and downs in the crypto market. A new person first needs to know all the market and get to know how the prices can drop and what are the probabilities of the coin to go up and down. This will help him in cutting unwanted losses which he will get when he has no knowledge. Investing in crypto is a profitable investment for sure but it is also a bit risky at the same time as any crypto can drop its price in very less time and also there are many Ponzi schemes out their so the crypto user needs to be careful about selecting any coin.

[MiChaeng]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

before starting investing for beginners should learn in advance about the correct trading techniques and explore all the flaws and advantages of the crypto world. because investing in crypto can be said to be high risk if you do not know how to trade well. the fluctuating price can change significantly over time making it difficult to guess. so it's better to learn more in advance about taking the right and right decisions in order to get the benefits expected.

[batang_bitcoin]

The risk isn't only for beginners but it's applicable to everyone.

But if you'll enter to this market as a beginner, there's a big risk for you if you are not equipped with proper education. You might end up buying wrong coins and get nothing in return so to lessen the risk, invest to education and know the basics first.

[doraemon26]

For a newbie investor in crypto, it's very hard for him to understand the ups and downs in the crypto market. A new person first needs to know all the market and get to know how the prices can drop and what are the probabilities of the coin to go up and down. This will help him in cutting unwanted losses which he will get when he has no knowledge. Investing in crypto is a profitable investment for sure but it is also a bit risky at the same time as any crypto can drop its price in very less time and also there are many Ponzi schemes out their so the crypto user needs to be careful about selecting any coin.

Thanks for reminding, also as a newbie, it is true that it is hard to invest in this kind of profit, it will gain me nothing if i dont have the knowledge about crypto currency ,it is risky in the fact that all resources could be burn in an instant , my advice to myself is not to risk more than I can afford to loose.

[BillCoin]

It's very risky.
Investing in bitcoin is counted to be one of the most riskiest investment options over the world, and it can be considered to be equal to invest in a common stock with a x10 leverage.
More then that, investing in altcoins can be considered to be even riskier then bitcoin, and you should take completely caution while trading, make sure that you know the market, make sure that you know the coin that you are investing in, that you are following the price and protecting yourself with stop losses, and also make sure that you don't invest money that you can't afford on losing.

[Fiord]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

The main advantage is that you are unlikely to lose the entire invested amount, although it is certainly possible to lose 90% of it. If you are a player, then investing in crypto currency is much better than just playing in casino for example.

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

It is risky for a beginner to invest in cryptocurrency because the price of crypto is volatile means it will go up or down without prior notice. So the best way for a beginner to invest is to invest to major coin like bitcoin and ethereum, then if you have more knowledge and experience go try your luck in investing to ICO.

I do agree with you? It is better to invest in bitcoin and ethereum, because thus coins are the most stable, if they grow then every other coin start co grow, but I think you should invest also about 10%-20% in many altcoins with low capitalization, sometime it appears to be very profitable.

[ibuddy122505]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

High risk, high reward, but you will be performed In case of getting success. Like beginner must continue to learn otherwise you will be learned your lesson the hard way. I would like to say, you're better off investing in good ICO's as a beginner.

[Andrew1337]

How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

I recommend you to start with demo account on any exchange so you can test your luck and  your mind . But also if you are ready to risk some money I recommend you to not start with big ammount such at 200$-300$ . Start with under 100$ and trade only BTC/USD & USD/BTC pairs

[kipozer]

Crypto currency is very risky, because crypto-currencies are very unpredictable, the volatility of crypto-currency is very often very risky and very dangerous, it is necessary to remember and know this.