How risky to invest in cryptocurrency?

[Lisa110386]

A beginner is certainly more likely to be deceived. But do not be afraid. Do not believe the scammers who write in PM and offer to participate in any project or invest. Take a lot of time to protect your data, passwords and private keys. This forum has a lot of useful information, especially in the section beginners.

[amanarora_1]

It is risky for all, not even for beginner! Because whenever we invest in any altcoin, we don't know confidently that it's price goes up or down. Just every crypto investor have to feel positive/ But for beginner is too risky then other experience investors. Firstly, they are new and they have no expereince how to handle the situation. Second, they don't know which project is good or which is not!

[dr_chen]

The crypto market is a market where 24 hours of trading are done, the investors are tired and can not follow up many changes. Even only this feature raises the risk more than other markets.

[infinity33]

There is also risk in the exchange of cryptographic currencies as it is in all local stock exchanges. Perhaps the risk rate may be higher because it is not legal and the stock market is very active.

Maybe if you are new in this field you need to know first and understand cryptocurrency especially in using your private key, and after that you will be aware of the risk in exchange or the risk link to our private key.

[Shreek]

very risky even if someone does not know at all about cryptocurrency
all need a lot of experience in order to get success
even now ICO, which is included in the investment is also getting worse with the number of SCAMMER

[unplug]

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

Yes for me its very risky because you don't know who are the people you are transacting with.  You don't know iff they are real or not. But I guess as time goes by your knowledge about crypto will be increase and you will immediately notice if that project is real..

[islakevin]

Just think of it as a gambling , risking your money , it is not that very risky but its like gambling that nobody knows what will happen , You might win or loose. So invest only the money that you are afford to loose.

[VayneAurelius]

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

If we are talking about how risky investing in cryptocurrency is, then we are talking about your life here already. If investing here in cryptocurrency world are done without even noticing or maybe thinking of the possibilities that might in the future. Yes it is so risky to let your money be invested in this digital world. Maybe at first you need to look at the altcoin that you will be investing in. You need to have speculations on the price of it in the future before investing on it. You should also not all-out your money in investing so that you can manage your loss if ever.

[cryptotycoon33]

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

 Yes there is a risk element in crypto investments however you have to reduce the risk by diversifying your crypto investment into different ICOs projects portforlio. Also you need to carry out proper research before parting your mazuma into investments.

[Kuningkuning1]

For me its too risky when you enter things you dont understand plus scamers and hackers all around the corners waiting to victim newbie on crypto. So when investing, use free money, in the sense that the money is not to be used for daily needs.

[elzjmirra]

Yes, all there are certainly risks, you could lose your money and get some scams here. But you have a lot to learn in crypto and get to know closer a variety of coins. With you has a lot of knowledge about crypto certainly you can prevent malicious to lose your money. And if it was successful you can benefit.

[corat coret]

actually for beginners who want to invest in crypto is risky if their knowledge about investment in crypto less, risky even get loss if one takes into account invested coin up or down, and if they wrong choose coin invested turns out not suitable and good for investment they also get a loss. but if their knowledge of investing in crypto is good it is likely to get a small loss

[Joyo Endho]

Any risk must exist in any investment even if it is small especially for a beginner, but it is reasonable, especially in this cryptocurrency, must withstand any risk, especially when the market conditions down is also called risk, so you do not need to panic will risk anything in an investment

[yrsat]

Investing in crypto is risky for all investors. Perhaps for beginners more risky due to lack of knowledge and experience, but also for investors with experience in investing in crypto is also a big risk. There are many factors that can cause this to be risky. The most common are hackers, scammers, fake ICO. Also, the volatility of crypto. Learn well these factors things before you start investing money in crypto.

[Miles123]

Many investors now experiencing a loss of money because the crypto is not successful in their project. Be wise in choosing a currency where you will put your money. There are many scammers here and your money will be at risk.

[Crypto.Expert]

For a newbie that there is no experience in crypto, if you invest your money will be wasted at all, so it`s better to gather more information that might help you for your actions.

[Fedoracoins]

I see many different risks but there is a simple solution to almost all crypto problems. It is necessary to diversify the only way you will be able to reduce risks and ensure the safety of their investments. If Kaka any coin will fall sharply in price, you will not lose a lot because you will have many more different coins.

[kostagr33k]

The most important risk is not to sell your coins until they are cheap. We must have patience and look at the market calmly.

[itrade777]

It is very risky to the beginners to engage on crypto currency without learning anything about it. Some mistakes of beginners are selling their coin at early stage and some are selling because of their emotions.

[Blackpanther399]

Investing in anything is really risky. You put your money and trust on it without assurance that it will grow. Investing in crypto is really no assurance. Sometimes you get luck and sometimes not. Just be sure to choose the best project to support. Consider the concept, their team and the flow of it.