How risky to invest in cryptocurrency?

[zedaq]

The risk is very high, I think that before investing many people need to understand how dangerous and risky it is and not to invest money if they are not ready to lose this money, because this is a generally accepted rule.

[babarian]

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

the risk of investing in crypto currency is losing the money you invest and leaving only worthless coins. if you are a beginner to a trade or investor on crypto currency. I recommend to learn about market fluctuations on the price of crypto currency. so if you already know about the state of the market you will not be stuck at a loss if doing trade or investment

[ETHtotheMOON1]

Determine the time for monitoring the market, I think at least 3 months, during this time you can imagine how to act on the crypto market and not go bankrupt.

I don't think that even 3 months are enough. If you were watching last three months, all you could see was a steady decline in prices. It's good to have the experience of sharp growths, declines and also stagnation.

[secdark]

When you want to invest in cryptocurrency the risk is always there.  It really depends on your own approach and style of trading and investment techniques and strategies. But if you are confident enough and diligent in acquiring knowledge all about cryptocurrency maybe you will encounter minimal.  Mistakes can also be a best experience and teacher that needs to avoid for future investment.

[supto005]

As a beginner it is risky because of as a beginner still little bit knowledge and also the price of crypto is volatile means it will go up or down without earlier notice. So, as a beginner it's better to invest in BTC & ETH and beside this also increase knowledge about cryptocurrency.

[gurunanakji777]

There are many factors depends upon person to person. LIttle knowledge of anything is always risky and Its quite risky for newbies because newbies will be afraid to see the volatality of the market on the other hand experienced traders does not get panic because they are used too to watch such market. Trading is a game of patience and it could be learned by experience. One must learn the trading skill, Chart analysis, understanding of positive and negative news prior to enter into trading otherwise he/she can lost their investments and he/she must not depend on others opinion. One must do due diligence itself and believe on itself analysis to avoid the risk factor.

[salita23]

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

Well in investing it is kinda a business form it means their is always a challenge that goes on but cryptocurrencies is just like you run a business through money form it is similarities. But their is always a chance to boom the investment of you are persistence to accomplished everything.

[Cokodi]

investing in cryptocurrencies is as risky as investing in anything, there you need more specific knowledge to minimize these risks.

[felicity06]

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

Its a twin of investing that we will experience to take a risk...  Well if you're investing you are risking as well... There are a lots of factors why some called investing as a risky work... Well because we didn't know what we are investing...  Well even we conducted our pwn research but still it is not a reason why we will consider it safe unless if we earn...

[djgtr]

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 agree on your idea, because having a business it is trully risky especially you are still a beginner it means you all need at that time is to gather a lot of informations on how to run the investment and earn cryptocurrencies. Despite of ups and down persistence is needed to accomplished the task.

[roxbit]

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

Many people like me are investing in cryptos because we believe in the technology and the idea of making payments without control of any central institution. Your thinking is a demonstration that you are loosing the battle against speculators. Even if the graph of bitcoin and atlcoins now are not favorable I still believe in the trend of cryptocurrency that always making a pumps and dumbs. Soon it will rise again and I can earn double and even triple profit.

[derigop]

Well its excessively unsafe when you enter things you dont comprehend in addition to scamers and programmers all around the corners holding up to casualty amateur on crypto. I think about when you enter this market ensure you have enough knowlegde and precautionary measures. Continuously be cautious and never trust outsiders in crypto in light of the fact that the majority of them are scamers/programmers well, its excessively difficult, making it impossible to lost your well deserved cash in this market uncommonly its excessively valatile. Yet, when you aced all and on the off chance that you have enough experience then I think that is the time youll be beneficial.

[Kakady13]

The risk of investing cryptocurrency is very large and very unpredictable.
But it all depends on how your strategy will run and your attitude in dealing with various conditions in cryptocurrency.

[Dinsdendo]

investing in cryptocurrency has big risks. because it is unknown what will happen tomorrow with cryptocurrency.

[chixka000]

investing in cryptocurrency has big risks. because it is unknown what will happen tomorrow with cryptocurrency.

First of all, I recommend that you first learn how to do the right analysis of the market and be able to adapt to it

[loveinberlin]

Sure that there are certain risks that can't be avoided, however, there are some you can avoid if you are careful in your investments. I am sure that you should choose the reliable hard wallet and hold coins there

[misterj]

In my opinion, the first risk is that cryptocurrency is not tangible, meaning that you trust the process and people behind it to not go wrong during receiving and transfering payments by means of crypto. Risk is everywhere and people do not get rich without playing with the risk at all.

[lifesgood10]

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

The crypto space is a very risky place, it is difficult to define the magnitude of profit/loss and that is hard to comprehend.

Crpto trading/investing can either send you to the city (rich) or send you back to the village (bankruptcy)
so you need to do your own research always (DYOR) and monitor your portfolios too,

As a newbie in investing, you can choose to study the trends of the market, then observe it too before you start practise and start attempting trades of different sections.

Then you discover your strategy and hit it the big time.

[royal slave01]

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

As a beginner we should be careful in choosing a good cryptocurrency  to invest because not all crypto are profitable.

[BenRayfield]

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

It's not just risky for a beginner. Risk even for experienced investors. Today, there are a lot of projects that conduct ICO. I assure you that only 3-5 percent will bring profit to investors.