How risky to invest in cryptocurrency?

[RoryDennis]

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

It is risky! Investments are risky but this could be reduced and I think the way people choose is risky. Research matters a lot and if you go for every Tom, Dick and Harry project you’re gonna lose a lot. For example I’m thinking about Liven right now, so I would dig it. Whitepaper and every article about it, instead of trusting rating sites I did my own study so that would give me more confidence now, because I know it’s a great project.

[Trecs]

It is risky to invest in the crypto currency. Since the crypto currency market is very volatile. And any person with a large fortune can move the course

[trrewqs]

Cryptocurrency is a risk. If you are afraid of losing your money, then do not go in here. In this area, you need to invest money that is not a pity to lose

[Laace]

I guess 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

[anilsaini0327]

Yes markets are very risky as the market are Volatile where the price of every altcoins can fall and the price rises only in the short term. So if you experience it the best thing you can do is keep it up and wait for the market to return to a better condition.

[Katekuz]

I work on different projects and sometimes there is a good profit

[ntarah langger]

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

when talking about the risks of bitcoin investment, the answer is very very high risk.
you can lose it all in an instant. but this is different from gambling, you can minimize losses.
by always following the market, I think that's it. everyone has a different opinion.

[Bill205]

How risky is it to invest in share market? Ask yourself this question, it is risky to invest in any kind of market but if you look at the history of cryptocurrency you will find out that cryptocurrencies are here to stay. As long as you keep your private keys safe and take appropriate safety precautions you are safe.

[PIMPdev]

Every part of investment is risky in some way, but you always need to get to investing with maximum serious attitude. Because you are risking your own money, cryptocurrency is able to manage the risks.

[mariomerula]

the worst error is to have FUD of FOMO.. you have to be patient and wait the good moment to enter (and exit) to the market, coins picking is the most difficult thing to do actually

[miyat23]

Investing on cryptocurrency is very much risky. You to take your time and effort and being patience in every fluctuate the market prices. But to avoid regrets on whatever it takes, just invest your asset which you can afford to lost.

[jackjones53]

If you know what to do the risk is reduced to an absolute minimum. So in my opinion it is better to carefully study the market, and then draw conclusions about its danger or safety

[INAQAMAQQU]

Do not try to invest in crypto if you do not have any knowledge about it, because you will lose all of your money. If you want to invest always check the team behind the project and the roadmap.

[Lwtelencio]

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

One of the percautions is you've done already.  What I mean is this post this will be a good idea to avoid the risk by asking an openion on this forum. Like what I'm doing before I also ask for help and suggestion on this forum and it will make a big help for me as a begginer.

[vasilisc555]

You should clearly understand that you only need to invest the money that you are ready to lose and the loss of which will not be critical for you? For any investment, follow this rule

[firefighters01]

I am with my investments at the beginning of this year amounting to 10,000 dollars. Now on the account if I sell my coins I will have only 5000 dollars. This is a very risky investment

[Black Angel]

All kinds of investments are of course a risk, let alone a crypto investment that is like a roller coaster, with this fact of course we must be good at determining which coins have the most promising future prospects, and I think the most important thing is to be ready with risk.

[royalfestus]

if you have been in the space for more than 8 months you can understand the risk in the space. whether in ICO or bitcoin hodling the few months had been a lot of struggle. In the past years 80% of ICO projects had been a scam (Harvard Business Review) and most wealthy men in the had only exploited the good ICOs, some still make their money from the scam ICO, If you understand when to run. Hodling is not always a good/best strategy for altcoins, maybe for bitcoin.

[Sofiyah]

very risky. investing in cryptocurrency is very risky, if not careful, you will lose a lot of your money without profit. better before you decide to invest in the ceypto, find out first how the investment on the crypto could be profitable. do not just come investing. and do not use important money for investment. use your savings money that you are prepared for investment.

[Fedor2018]

Of course it has a risk , you need to have experience and knowledge. Learn how to analyze projects and minimize the risk of fraud. For beginners, I advise to start to participate in the bounty and gain experience - it's a good school for beginners. There you will not spend money - only time if you make mistakes in the election of companies