How risky to invest in cryptocurrency?

[WhenMoonWhenLambo]

I think that backers that invest in cryptos believe risk is high for a period of time and then shifts towards limited mid-term.

[adorathris]

when it comes to cryptocurrency, it is impossible to be sure of a good result. There's always a chance you can lose your investment but if you invest money for a long time then the risks are reduced because in the long term coins will cost more

[sheryl26]

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

If I am gonna scale them from 1 to 10 then I am gonna say 7 to 8 because of course ypu are a beginner and you do not havr any experience at all that becames much more risky rather than those people who have a history or a background in it but as time goes by and as you gain experience of course the risk will be leasen because you are getting used to it. The things are just having a lot of risk if it is new to you. So do not be afraid to take the risk and to explore new things.

[clairdelune]

For the beginner it is too risky to invest especially when you do not know something about the crypto, it would be hard for you to make money in crypto if you do not know how to make money. You should learn and study the crypto before you do it because you might lose the crypto you have it might be hacked by someone if you do not know how to keep it. So I suggest before you invest in crypto you have to study and read some article so you will not lose the crypto.

[deean_3one]

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

The risk in cryptocurency is like two sides of a coin. Distance Between profits and losses are very thin. This is because the price in crypto is very volatile, so the price can change at any time.

[jc89]

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

Whenever I see the word INVESTMENT, I see "risk" written all over it. Investing in cryptocurrency is very risky that could even result to negative profit including the capital. There are many points where the risk resides. It could be on the project/coin itself. Failing project/coin means no profit. Another is in your side. Your decision could compromise your profit. This is the decision regarding when to buy/sell. Your way of safekeeping your coin is also a factor. Hackers are always around so if you are not good at keeping your coins then your "should have" profit could be theirs.

It is advisable to pick strong coins to invest in. The stronger the coin is the less the probability of loss.

[jhache]

Well let's just say that cryptocurrencies are the riskiest investment. Its especially risky for new investors as they are prone to getting easily scammed and fall into the false hype surrounding a coin. Also if you don't take proper security measures then your coins could get hacked easily from your wallets.

[sakokinak]

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

Risks are everywhere. Watch on opportunities that could be offered during the work with cryptocurrencies. And there are really immense possibilities to every person who is quite smart and brave to become an investor.

[jahepahit]

investing in cryptocurrency is very high risk and as a beginner the sense of do not make any investment if you don't have a better experience a lot of reading and learning so you don't lose a lot of money

[mummybtc]

For me the risk is very high, I know some people will disagree, for now most of these tokens on exchanges do not have any usecase, we are just speculating on them, just look at the market over 70% of the value of the market is gone, this is a huge figure, What I would agree with is that there is vaalue in the current market but don't invest what you can't afford to lose

[jamesdean35]

Since the crypto-currency exchanges are not yet fully accepted in the world, the amount of risk is much higher than in other legal bourses. By doing research you can reduce the risk of your investments.

[elrugrim]

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

THe main risk is your attitude to crypto. You can lose believe into it and sell coins when they are cheap. But all crypto will grow, for sure.

[dollurs]

Not only for the crypto investments. For all kind of investments there is a risk. Specially if that person has no any knowledge or if the knowledge is very little about that field then always there is a high risk . For the crypto the risk is very very high.

[karma_project]

I think that crypto currency is a very big risk. Many beginners think that it is very easy to earn money in crypto. But they are wrong and lose their deposit.

[Deviaan]

investments in cryptocurrency We've had a very high risk, especially for those who are just joining. lack of understanding, knowledge, and attitude are easy to panic would be influential in this investment. It takes patience and a high level of need process to be able to adapt to this digital investment.

[Btcalimie]

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

Well, for beginners its a high risk for them to invest cryptocurrency. This is base on the fact that cryptocurrency investment alone is already a high risk investment. Adding the fact that beginners don't have enough knowledge on crypto then the risk will add up to a higher rate.  

[eaglewhite80]

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.

This is extremely important, and we need to keep in mind when investing in cryptocurrency. But in the future, cryptocurrency will be stable and will not fluctuate when the government controls the cryptocurrency.

That is actually more like the normal risk which anyone should understand, but the necessity of having some real basic knowledge of how things are done with respect to security, opening of wallets across board, what differentiates coins and tokens and other tokens from each other and so on. I said this because I noticed a lot of people do not usually equip themselves even with all these little knowledge first and they end up making a huge mistake and fall victim to hackers or making wrong transactions and so on which on its own is a huge risk.

[Alohadanc3]

It's a little bit risky for a beginner if they have almost zero knowledge .Cause if you dont know about crypto you can loss everything almost full of your portfolio.Mainly the new people dont know anything so some people scam them hard.Some people youtuber manipulate the market or trying to manipulete so some new people listen to them and  and they dumb their coin and.So if your are think about investment before investment better you gather some ,knowledge before investment

[Kseniya17]

If you do not study cryptography well, then investments in it can be risky. You can get a good profit if you have carefully researched everything in which you invest money, have patience and endurance.

[EmJay]

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

For beginners it is more risky because they don't know the flow of prices and also lack of idea what is really happening in crypto world. I think as a piece of advise they should do the thorough research before investing . They should learn which coins to invest or which ICO project they should invest. if they will just invest without knowing all the information needed , they will end up losing their money.