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Author Topic: I'm afraid of losing money  (Read 5441 times)
coinsycrip09
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November 28, 2018, 12:11:05 AM
 #901

that's what I was afraid of and now it has happened, quite a lot of losing money that I have and I am not very wealthy, I wanted to get more but in fact lost the money I got, from now on my trust in storing altcoin has decreased and I am traumatized to save altcoin again. my mind now if the altcoin price rises I will immediately sell it and won't hold it anymore.
yeah, there are some people who are too panicked, because they lose their money in just a few moments. but if you panic, it will worsen the situation. indeed my advice will not help you well, but if you know the crypto market and the various risks. i think you will get rich again after being patient for a while while waiting for the market to return.

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November 28, 2018, 12:59:57 AM
 #902

Best choice(s):
- Ledger (Nano S)
- Trezor

Alternative:
- MyEtherWallet Offline Transactions
Note: Also possible with other coins - Google

Do NOT:
- store your assets on exchange-wallets
- store your private-key/recovery-phrase/seed/wallet.dat/whatever in a cloud or a computer with internet access
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November 28, 2018, 01:59:25 AM
 #903

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.
In this business if you want to earn much, you need to be a risktaker. Involving in crypto business is a very risky way of working for money but it can make a person rich. A risky business can give huge profit that is why a lot of risktakers are getting rich but it depends upon how you manage yourself as being a risktaker. If you want to invest also just invest the money what you can afford to lose that is the golden rule here.
In this world there isn't anything that you can use to get money without risk. all of them have risks. let alone investment and trade. if you are afraid of the risk of loss. you should not be here dude. because when you join you have to allocate funds according to you can afford to lose. you have to be prepared for all the risks
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November 28, 2018, 02:02:37 AM
 #904

People who are afraid of losing money is not meant to do great on crypto. This industry requires risk and if you are afraid, you will not be able to decide properly. I think of investments as a huge gamble and the more risk you take, the more chances of earning. Not unlike those investment on stocks where in it will remain the same even if a few months has passed.

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November 28, 2018, 05:28:30 PM
 #905

In this world there isn't anything that you can use to get money without risk. all of them have risks. let alone investment and trade. if you are afraid of the risk of loss. you should not be here dude. because when you join you have to allocate funds according to you can afford to lose. you have to be prepared for all the risks

You are absolutely right. Everything connected with money in this world is connected with risk. There is always a risk that you will not get the money earned, or the money that you received the reward will be discounted. Therefore, you should not be afraid of losing money, it is worth learning to manage risks.
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November 28, 2018, 05:38:24 PM
 #906

People who are afraid of losing money is not meant to do great on crypto. This industry requires risk and if you are afraid, you will not be able to decide properly. I think of investments as a huge gamble and the more risk you take, the more chances of earning. Not unlike those investment on stocks where in it will remain the same even if a few months has passed.

yea you right
but crypto doesn't sound like playing gambling with a greater chance of losing our money .
if we really have the knowledge of crypto I think we can certainly overcome our opportunity to lose even more money here.

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November 28, 2018, 05:40:11 PM
 #907

Dude if you affraid of the losing money, you can not earn money. This is normal on the invesment and cyrptocurrencies market has a more than risk from the other invesment instruments.

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November 28, 2018, 05:40:43 PM
 #908

If you are so afraid of losing money, turn to more guaranteed investment instruments. The bitcoin market is down.

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November 28, 2018, 05:41:43 PM
 #909

Losing money is half the fun of investing!! Ive lost loads of money its great  Cool
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November 28, 2018, 05:44:59 PM
 #910

Maybe here I suggest using 2-step authentication, so every time you open wallet application, you are asked to enter a code that updates and changes every few seconds. But it may not support all existing wallets. I hope this helps.

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November 28, 2018, 05:52:51 PM
 #911

I don't think anyone can advise you on the best wallet. nothing is perfect in this world. we should always consider the risks in any business. just pick the one that best suits your criteria.

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November 28, 2018, 06:01:29 PM
 #912

Investments are in principle risky. Fear of losing money when entering the market is a dangerous condition, because it often leads to panic in making decisions. Be careful in deciding and try to get rid of the fear of losing.
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November 28, 2018, 06:15:58 PM
 #913

Yes, a lot of good advice. for example, two-factor authentication. and you can use a lot of different tools. but nothing gives 100% guarantee of protection. and so we read about how this or that wallet was hacked.

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November 28, 2018, 06:29:51 PM
 #914

you have not lost anything accept you have invested in a scam ICO,if you were satisfied with the project before investing than you have nothing to loss, just be patient there will be a turn up.
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November 28, 2018, 06:33:11 PM
 #915

Cryptos are pretty secure. In fact, it is the most important selling point for cryptos. Don't worry about the safety. If price volatility scares you. then this isn't the right time for you to enter the market. Let the market mature a bit before you enter. Volatility will decrease with more adoption. If you are afraid of losing money in something, you probably should stay away.

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November 28, 2018, 06:39:24 PM
 #916

Many people are afraid, so they are selling everything in panic, but I think that they are doing the worst mistake in their life!
Nasdaq and Bakkt will offer Crypto futures, do you think that they will offer something which is going to zero? No!

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November 28, 2018, 06:39:45 PM
 #917

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.

Use cold wallets and you will be safe for sure. There are several good options to choose from at the moment like Trezor or ledger and so on. Why don't use them. There are a lot of different coins that you can store there and they will be save.

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vlad4561
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November 28, 2018, 06:47:54 PM
 #918

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.
I suggest you to use the purse myetherwallet. This wallet has proved itself very well. There's never been a break-in.

GIGZI - INDEPENDENT WEALTH MANAGEMENT
www.gigzi.com
thenorthblue
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November 28, 2018, 06:51:50 PM
 #919

Yeah its too normal. The market is too risky that you can lose your money in couple hours. And the amount is not little. So invest with not much money.

dimonarka
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November 28, 2018, 10:13:41 PM
 #920

everyone is afraid of me as well. but no one is immune from this, so you need to come to terms with the situation that has developed and hopes for the best
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