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Author Topic: I'm afraid of losing money  (Read 5689 times)
btcmi
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October 21, 2018, 07:33:42 AM
 #261

In order not to be afraid of losing money, do not invest more than are willing to lose. It's simple. Learn theory, test in practice. Start with small amounts.

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Pecunia non olet
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October 21, 2018, 07:48:10 AM
 #262

The most safest way where to store your cryptocurrencies is having a hardware wallet.
Recently, I have heard about Coolwallet, which seems to be more mobile than Ledger or Trezor.

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October 21, 2018, 07:53:31 AM
 #263

Safe your money in offline wallet, such as in USB or some other external device.

You will not lose money unless you do something bad by your own there is no such way that your money can be stolen in crypto.

like for online I use blockchain.info you can use that it is the most secure wallet and for cryptos if they are in tokens, then myetherwallet is the best for me but the choice is yours.
Yamifoud
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October 21, 2018, 08:00:32 AM
 #264

The most safest way where to store your cryptocurrencies is having a hardware wallet.
Recently, I have heard about Coolwallet, which seems to be more mobile than Ledger or Trezor.
Yes we can consider it but we still can't guarantee that it will be secured till last.  We engage into internet jobs and it requires keys to finish the transaction. In that case, we might get loss our keys due to visiting unsecured sites or phishing site which could lead into losing our accounts.  
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October 21, 2018, 08:17:59 AM
 #265

If you have such feelings, then you are a healthy person. The one who is not afraid, he usually loses the investments. Therefore, fear is normal.
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October 21, 2018, 09:10:18 AM
 #266

If you want to save your money (coins) more, I will recommend you to buy a cold wallet. He's the most, although you can say the safest available. Because it is not online, and offline wallet, password you enter yourself and mechanically, without the computer and keyboard, and most importantly, it is not subject to hacking, as it has no permanent contact with your computer.
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October 21, 2018, 09:13:59 AM
 #267

Personally, my portfolio has declined seven times since January. So in this market the loss of money was and will be. With this you have to accept and try to earn with such risks.
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October 21, 2018, 09:18:35 AM
 #268

depending on the value you save, if it's not too much in the exchange it's enough. but to save all three coins you can also save on the local wallet on your device it's much safer, but make sure you always have backups for access to your wallet.
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October 21, 2018, 11:10:03 AM
 #269

Yes, there are so many wallets you can use, but my experience is more comfortable using MEW, which is collaborating with Metamask. I think it's simpler and safer. And do not forget to make your MEW bookmart the correct site. and store the keys in a safe place. And good luck not to be seen by thieves
tisoysoy
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October 21, 2018, 11:18:17 AM
 #270

Yes, there are so many wallets you can use, but my experience is more comfortable using MEW, which is collaborating with Metamask. I think it's simpler and safer. And do not forget to make your MEW bookmart the correct site. and store the keys in a safe place. And good luck not to be seen by thieves
This is so risk to put our money here in crypto because there's a lot of hacker's who steal our earnings but I believe there will be solution for that by having a lot of wallets and we can transfer from time to time.
jojohamasa
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October 21, 2018, 11:22:37 AM
 #271

Hey, guys!

I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.

The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.

Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.
Ledger Nano if you want hardware wallet
Relax and do all that is required to secure your money and do not make fear defeat you
Then you will lose everything.
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October 21, 2018, 11:32:49 AM
 #272

Everyone is afraid. But no risk no fun  Grin Keep calm and hodl your coins until the better times. Even if you portfolio decreased by 5 times, do not sell anything or your will fix your loses. Hodling is the only policy. We will be rewarded for our patience one day.
I think you are misinterpreting the posts above. He's not afraid of losing assets due to price drops or token sell but he was more afraid of the direction the security of the wallet that he had. Its more horrible than losing money because trading.
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October 21, 2018, 11:34:46 AM
 #273

If the wallet from official developers, i am believe its safe for us to store our coin. I think as long we keeping safe our private key from others people, our coin is safe on our wallet. But if want to make sure, better buying hard wallet

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October 21, 2018, 11:41:39 AM
 #274

If you are afraid of losing money then join bounty campaigning. In this you have to devote your time and do social campaigning for different token. You have to do according to their rule and they will pay for your hardworking. By this you can't lose money money and experience crypto world too

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October 21, 2018, 11:57:10 AM
 #275

hardware wallets safest.
By the way, many keep their coins right on the stock exchanges, put various protections for authorization. I do not know how much you can trust the exchange)

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Sethrey (OP)
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October 21, 2018, 03:56:03 PM
 #276

hardware wallets safest.
By the way, many keep their coins right on the stock exchanges, put various protections for authorization. I do not know how much you can trust the exchange)

I don't trust exchanges a lot. Some of them seem to be good enough, but still I think that wallet should be used in a separate way.
Turkish88
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October 21, 2018, 04:00:03 PM
 #277

Exchanges have one benefit. You cant trade immediately on pumps.
Cryptomarket is very fast and you can late when wait deposit. So you must know your position in this game.
Holding in own wallet its for long time investors

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Sethrey (OP)
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October 21, 2018, 04:03:58 PM
 #278

Exchanges have one benefit. You cant trade immediately on pumps.
Cryptomarket is very fast and you can late when wait deposit. So you must know your position in this game.
Holding in own wallet its for long time investors

But even holding some money in my wallet I can trade and use exchanges when I need it..
So it isn't really needed to keep money on exchange all the time.
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October 21, 2018, 04:08:11 PM
 #279

Everything can be hacked.
I want you to spread your coins in several wallets anyway, also hold part of funds on exchange, because in case you lost 1 wallet or will be hacked, then you're bankrupt

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October 21, 2018, 04:09:12 PM
 #280

Nobody likes to lose money, but the wallets seem sufficiently safe, if the elementary precautions are respected.
About the "safety" of the exchanges, I think the best thing is not to keep all the money in a single exchange, hoping they will not collapse all together ...

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