The Risks and Rewards of Cryptocurrencies

[JohnBitCo]

Do you want people to put on headsets and listen to this podcast for 28:33 minutes? why would people do that? I think you should listen to the podcast and then summarize what they said and post in this thread the summary you made

I would love to know your thoughts about where we are going and how you think the landscape will change.

if enter a lot of money in the crypto market, I believe that the volatility will not be very high as it is today, at least we will not see high increases and followed by very large falls

I'm visual guy , if only i have to put headset on my ears i prefer listening to my jazz and blues playlist rather than listening to some random podcast talking about crypto lol.

Don't you know that people at bbc telling a fish story? Especially when it comes to cryptocurrency,  i don't know why they do that. But it seems they realized it's a hot topic these days .. this podcast is beat the air.

What's more bad about these crypto podcasts is that they won't tell you anything constructive and randomly predict the upcoming movement of bitcoin and altcoins which will be wrong in most of the cases.

Since crypto is hot topic, we see many useless podcasts, trading signals groups and price predictions you tube channels running by those who do not have sufficient information about crypto and trading.

[coinluisa]

BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace


https://www.bbc.co.uk/sounds/play/m000676m

You know that taking risk sometimes is good in crypto because some investor or traders get the opportunity to take a profit.But of course its depend to their ability.So i think cryptocians choosing risk sometimes because they know what will be the reward after.

[buwaytress]

Oh, guys, if you want to read instead of listening, check out the Medium channel of Superorder team. The company writes nice articles about crypto trading, psychology, analysis, top coins, and so on. A good place to find some interesting ideas for your trading.

I can barely find a couple of minutes to scroll through the weel's headlines, much less find the time to go through nice articles.

I'm a freelancer mostly and writing has always been my business, so I won't knock any attempt to create more content in the space but I feel like the industry still lacks storytelling. Which is what I want my writing to focus on.

In that respect, I don't mind the kind of stuff BBC puts out but if this is the reaction on this forum, I wonder if I  on the wrong track.

Are people really just interested in trading articles and trending stuff? Stories not interesting no more?

[iMark]

~

Volatility is not a risk for investors and traders, it's been normal to the market to be volatile because of speculation in the future.
The price could move significantly even in a minute, and that has been proven many times, as an investor, you accept its nature and focus on its potential in the future, hold the crypto you invested and wait for the right timing to sell.

People in the past were able to earn a decent profit during last bull run, we could also do the same if we buy now and just hold until the next bull run will come. It's not easy but we are experiencing the same journey in the past where things are still uncertain, but because they hold, they were successful in reaching their goal.

It's been a while since I risked my asset during bearish days of Bitcoin back in the day. I think volatility is the risk itself in cryptocurrency. At the time you buy whatever coins you decided to invest, the volatility will tell the story of how worthy did your purchase of coins become.
Volatility won't be a risk if the price is such in an obvious price range that you would see it as the best time to buy.

Fluctuation can be a good risk and opportunity, depending on how you look at it. if you see it as an opportunity then you can certainly take advantage of fluctuations as an opportunity to make a profit, because there are many opportunities from price fluctuations that occur in the market. but if you see it as a risk, then you will be very scared and panicked when bearish or falling prices occur.

[breathlessz]

~

Volatility is not a risk for investors and traders, it's been normal to the market to be volatile because of speculation in the future.
The price could move significantly even in a minute, and that has been proven many times, as an investor, you accept its nature and focus on its potential in the future, hold the crypto you invested and wait for the right timing to sell.

People in the past were able to earn a decent profit during last bull run, we could also do the same if we buy now and just hold until the next bull run will come. It's not easy but we are experiencing the same journey in the past where things are still uncertain, but because they hold, they were successful in reaching their goal.

It's been a while since I risked my asset during bearish days of Bitcoin back in the day. I think volatility is the risk itself in cryptocurrency. At the time you buy whatever coins you decided to invest, the volatility will tell the story of how worthy did your purchase of coins become.
Volatility won't be a risk if the price is such in an obvious price range that you would see it as the best time to buy.

Fluctuation can be a good risk and opportunity, depending on how you look at it. if you see it as an opportunity then you can certainly take advantage of fluctuations as an opportunity to make a profit, because there are many opportunities from price fluctuations that occur in the market. but if you see it as a risk, then you will be very scared and panicked when bearish or falling prices occur.

therefore before making a transaction we must calculate risk and rewards, and therefore there will be profit and cutlos targets, where the area we have drawn before in the framework of the market. each person will place different risks and rewards, depending on the respective analysis. and I think this is the art of trading

[sana54210]

Fluctuation can be a good risk and opportunity, depending on how you look at it. if you see it as an opportunity then you can certainly take advantage of fluctuations as an opportunity to make a profit, because there are many opportunities from price fluctuations that occur in the market. but if you see it as a risk, then you will be very scared and panicked when bearish or falling prices occur.

It is long term investors that usually do not see any positivity in fluctuation of market because they are there to just watch the market to continue growing and the only time they can get benefit is when the market really increases to a particular percentage, but most traders are the ones that would really pick interest in fluctuation because those fluctuations you mentioned is actually what could make someone grow his coin from $100 to $5000, even if we had said he leverage, but leveraging would not have even paid or benefit him if there was no fluctuations.

I could remember that as a trader, when bitcoin was fluctuation between $9k and $12k then, it had that fluctuation severally and with the little I was able to grab, at least it got me about $2000.

[Lanatsa]

Fluctuation can be a good risk and opportunity, depending on how you look at it. if you see it as an opportunity then you can certainly take advantage of fluctuations as an opportunity to make a profit, because there are many opportunities from price fluctuations that occur in the market. but if you see it as a risk, then you will be very scared and panicked when bearish or falling prices occur.

It is long term investors that usually do not see any positivity in fluctuation of market because they are there to just watch the market to continue growing and the only time they can get benefit is when the market really increases to a particular percentage, but most traders are the ones that would really pick interest in fluctuation because those fluctuations you mentioned is actually what could make someone grow his coin from $100 to $5000, even if we had said he leverage, but leveraging would not have even paid or benefit him if there was no fluctuations.

I could remember that as a trader, when bitcoin was fluctuation between $9k and $12k then, it had that fluctuation severally and with the little I was able to grab, at least it got me about $2000.

Volatility is the main reason why most investors and traders do lurk on here.I do even had a friend which is a forex and stocks trader but still he do end up on trading with crypto due to high volatility and high probability on making good or high profit which cant really be equaled or can be gained thru stocks and forex but somehow
when it comes to risk then its an another different story.Lots of investors being wrecked when the market tends to have a u-turn which almost hit up themselves into the ground.For long term aspects on Bitcoin is capable or somewhat be worthy to invest on for future years to come.We have seen how big is the community support of BTC /Fluctuation will always be here because if this feature or characteristics isnt present then im pretty sure that this market wont really be nested in by investors and believers.

[vian30]

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here. Sometimes the prizes in the bounty campaign are destroyed by scam projects ... there are even many that don't meet expectations ... but here's an investment ...

[TheUltraElite]

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

Sometimes the prizes in the bounty campaign are destroyed by scam projects ... there are even many that don't meet expectations ... but here's an investment ...

Dont narrow your focus to only bounties. There are many other ways to getting coins too. The biggest one being simply buying them.

[freedomgo]

I don't think the volatility of bitcoin is something that will stop soon not until there is mass adoption of bitcoin before one can be talking of stable bitcoin market value and possibly less risky for business owner who will now start accepting bitcoin and crypto currency in general as a means of exchange for goods and services.

Can volatility in bitcoin and crypto be avoided by market stability? There will be no trade like this now. but in some projects such as payments, the price must be stable to maintain value.

It cannot be avoided, the market will remain volatile, even the stock market is volatile but as massive adoption happens, it's expected that the volatility will be reduce but will remain.

The fact that we are dealing crypto here with limited supply and increasing demand, that would certainly make this market attractive for traders and investors as well, volatility makes this market successful, and since we are now witnessing a high price volatility movement, it means the adoption is still low, and it's still good time to invest.

[OnceTwiceThird]

When you trying become part of cryptocurrency you have ready your source income money to keep half, never put all in bitcoin or altcoin because some time you get bad thing.

[guoyu78]

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

[tonyvo2017]

I don't think these podcasts can help us better understand the direction of the market, because I just love to read.
But I have a vision for the next 2 years. Our 2019 will focus only on Bitcoin, the altcoins will be greatly eroded in the near future. altcoins may drop up to 20% in the next few months.
But 2020 will be the season of altcoins, when sharks will use bitcoin to buy more altcoins because of the difference.

[koura_cc]

BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace


https://www.bbc.co.uk/sounds/play/m000676m

Even when crypto is highly volatile, and therefore risky, it doesn't mean it's necessarily a downside aspect of it. This aspect is actually quite convenient if your objective is to turn into a crypto trader. The volatile fluctuation it's what makes it an effective trading asset allowing you to buy low and sell high if you follow the market closely and exercise a correct timing. Besides in crypto’s case the volatility isn't manipulated by a single elite and privileged group, like what you have in oil investments, this volatility is influenced by many factors and players, but it’s also resulting of the trading in itself.

[samridhi20]

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success 

[Oilacris]

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

and unfortunately many projects whose products are not real, so they only rely on the velocity of money from investors and traders. and usually there are only a few investors with large funds, so they can easily play with prices. , therefore I prefer to choose a coin with a real project needed by many people, so it has a smaller risk

Liquidity and actual product is one of the best thing for you to spot on and you can eventually differentiate it compared to those projects who don't have actual product.

I agree that most of them doesn't have any working product and just being supported because of the hype or just relying on a blueprint of the things that they do gonna supposed to built up.

[awik p]

it would be wise if we risked capital not at every moment. However, I have seen a lot of evidence of payments and money they receive from investments, crypto is also a very risky investment, but that sometimes becomes a challenge for investing. it's true that there are no real rewards here.

True, but it is same for stocks, bonds, commodities and any other market where speculation drives the price. Organic growth is a rule that will happen always with bitcoin but there will be times when the prices will fall. Its not something to worry about but a time to buy more coins for yourself. Its better not to look for other coins to put your money in in order to get rich quickly because that does not happen.

I totally do not doubt that buying those coins is the best way to accumulate them, but there won’t be any different from what we get from ICO and what we buy in respect to the authenticity of the project if we buy coins that has no real use case, it would just be like we are scammed because that is what many of the coins that we are holding now is, there is no difference between a scammer that ran away with people's money and a scammer that didn’t run but watching as the coin is gradually being destroyed.

In other to minimize the risk of even buying those coins with our personal fiat, we have to make sure that the project is a quality project and has a real use case that will make our investment in it to be protected and not wasted like other ICO.

and unfortunately many projects whose products are not real, so they only rely on the velocity of money from investors and traders. and usually there are only a few investors with large funds, so they can easily play with prices. , therefore I prefer to choose a coin with a real project needed by many people, so it has a smaller risk

Liquidity and actual product is one of the best thing for you to spot on and you can eventually differentiate it compared to those projects who don't have actual product.

I agree that most of them doesn't have any working product and just being supported because of the hype or just relying on a blueprint of the things that they do gonna supposed to built up.

indeed, most projects that can last a long time and have a large community, they have the products that the community needs, and of course this will shape investor confidence in a project. we take the example of ethereum, which was much needed during ICO. and now it's declining because of IEO, but ETH will innovate by launching Ethereum 2.0, steps like this that should be done

[Janation]

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success 

Despite the fact that you are educated, there still lies a risk.

Who can predict the exact price of Bitcoin after years? Who can tell what will happen in the next 6 months? Are we still getting profit after 3 months? How about 1 and a half? A week maybe? We can't tell that, that is why despite the knowledge you have, you can still lose but obviously you know what to do to lessen that losses and get back the next time.

[sana54210]

In every Bussiness have loss and profit, cryptocurrencies do not differ from it so I think if you take proper education about cryptocurrencies then you enter in cryptocurrencies and get great success 

They thought that it is like a Ponzi scheme that would just promise you certain percentage on a daily basis without you ever having losses, and this is what they use to deceive people and make them bring out their money, the real investment in cryptocurrency has its risk, there is a high risk and low risk, we just need to know which of them we want to take.

Investing in cryptocurrency generally and trading is a risk business, but we have some people that are taking higher risk of leveraging trading, but they are still able to carry that risk because they have the proper knowledge, skill and strategy already, and one more thing is that education about cryptocurrency does not stop t one place, many new things keeps coming into the market that we need to keep ourselves abreast of.

[Irvinn]

If earlier I received income due to rewards for the company's bounty, today this situation has changed for the worse.  Today, using the cryptocurrency market, you can only earn by investing your money in promising projects for a long period and using daily or long-term trading.  But it should be borne in mind that today the cryptocurrency market is almost the same as a gambling game, where you can not spend too large amounts of personal funds or the last money from the home budget.  The risks are always very large.