The Risks and Rewards of Cryptocurrencies

[Silberman]

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

Partially yes, a lot of money can make the price more stable for cryptocurrencies. But where get these all money? The most controversial thing that people don't want to invest in cryptocurrencies by high volatility and fix this volatility could a lot of people with a lot of money

A lot of people join with crypto to be faster rich person, they think bitcoin and altcoin are the best way how to get much profit in short time, maybe many people lucky by choosing an altcoin and get much profit, when you make mistake with get bad coin you have waiting more than one year for getting back your investing and stop for dreaming much profit.

And that is by far one of the biggest problems in this market, the mentality of the new investors that come to this market, instead of treating bitcoin and altcoins like any other investment they treat them as a way to get rich really quickly and do not take the appropriate precautions, then when they predictively fail they claim that cryptocurrencies are a scam and scare away potential investors that do not want to go through that not understanding that a less risky approach will work wonders in this market.

[sapnu]

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

Partially yes, a lot of money can make the price more stable for cryptocurrencies. But where get these all money? The most controversial thing that people don't want to invest in cryptocurrencies by high volatility and fix this volatility could a lot of people with a lot of money

A lot of people join with crypto to be faster rich person, they think bitcoin and altcoin are the best way how to get much profit in short time, maybe many people lucky by choosing an altcoin and get much profit, when you make mistake with get bad coin you have waiting more than one year for getting back your investing and stop for dreaming much profit.

And that is by far one of the biggest problems in this market, the mentality of the new investors that come to this market, instead of treating bitcoin and altcoins like any other investment they treat them as a way to get rich really quickly and do not take the appropriate precautions, then when they predictively fail they claim that cryptocurrencies are a scam and scare away potential investors that do not want to go through that not understanding that a less risky approach will work wonders in this market.

In a business like this, risks are your weapon because it is the one you before winning or even losing a battle. In order for you to win, you must take a risks making a decision that makes your goal possible, but if you lose why not take another decision and make better ways than ever before, most important part of your journey is learning not trying, because all of your loss will be nonsense if your mistakes have been occurred multiple times, we should learn at our mistakes. There are rewards if you already make your decision and it makes you possibly get what you want.

[GunsLair]

The risks of cryptocurrencies are that these are the same risks as in any investment. You must objectively understand how sum you can set, so that in case of failure, you can safely part with it. And awards are an opportunity to operate cryptocurrency practically all over the world with minimal time and financial expenses.

[Silberman]

And that is by far one of the biggest problems in this market, the mentality of the new investors that come to this market, instead of treating bitcoin and altcoins like any other investment they treat them as a way to get rich really quickly and do not take the appropriate precautions, then when they predictively fail they claim that cryptocurrencies are a scam and scare away potential investors that do not want to go through that not understanding that a less risky approach will work wonders in this market.

In a business like this, risks are your weapon because it is the one you before winning or even losing a battle. In order for you to win, you must take a risks making a decision that makes your goal possible, but if you lose why not take another decision and make better ways than ever before, most important part of your journey is learning not trying, because all of your loss will be nonsense if your mistakes have been occurred multiple times, we should learn at our mistakes. There are rewards if you already make your decision and it makes you possibly get what you want.

Risk is a weapon and just as you can use it against the market the market can use it against you and that is a problem, there are many traders out there that have taken huge risks to reach their goals and while some of them have been successful while doing this the majority have lost everything that they had, and when you think about this it is fair to ask who are the ones that took away that money from them? And the ones that obtained those profits are those that took very low risks.

[desticy]

Once again, I am convinced that cryptocurrency is a place where the concentration of risks just rolls over. And to blame for all the volatility of the market.
They turn the market as they want. It is impossible to predict something all the time. You have to rely on those things that the market is manipulated by those who have large volumes and they may want something.
In fact, it is very difficult to set and make forecasts of any kind in such a market. In view of this, the only less risky strategy is HOLD. Everything else is gambling.

[Kambal2000]

Once again, I am convinced that cryptocurrency is a place where the concentration of risks just rolls over. And to blame for all the volatility of the market.
They turn the market as they want. It is impossible to predict something all the time. You have to rely on those things that the market is manipulated by those who have large volumes and they may want something.
In fact, it is very difficult to set and make forecasts of any kind in such a market. In view of this, the only less risky strategy is HOLD. Everything else is gambling.

It is very different in forex or stock market, here in crypto, the price can be dropped anytime without our further knowledge, without any valid reason, and this is because crypto is controlled by whales wherein you don't have any idea what is on their mind, when they will buy and when they will sell. The reward is that if we will take risk we will have a good profit unlike to other form of investment.

[X-ray]

Once again, I am convinced that cryptocurrency is a place where the concentration of risks just rolls over. And to blame for all the volatility of the market.
They turn the market as they want. It is impossible to predict something all the time. You have to rely on those things that the market is manipulated by those who have large volumes and they may want something.
In fact, it is very difficult to set and make forecasts of any kind in such a market. In view of this, the only less risky strategy is HOLD. Everything else is gambling.

It is very different in forex or stock market, here in crypto, the price can be dropped anytime without our further knowledge, without any valid reason, and this is because crypto is controlled by whales wherein you don't have any idea what is on their mind, when they will buy and when they will sell. The reward is that if we will take risk we will have a good profit unlike to other form of investment.

Forex and stock market is actually the same thing. If you don't believe there are so many people out there talking about their stories that they got drained and ended up broke after trading forex. It's basically the same thing but forex is draining slowly and lure you deeper and deeper.
Stock market also prone to the market manipulation that could drive down your entire portfolio to nothing just becasue there's internal conflict or various factors that could affect the stock. Have you seen some company after they got exposed into something their stock suddenly drops hard? there are plenty of such cases happened.

[joshy23]

The risks of cryptocurrencies are that these are the same risks as in any investment. You must objectively understand how sum you can set, so that in case of failure, you can safely part with it. And awards are an opportunity to operate cryptocurrency practically all over the world with minimal time and financial expenses.

It's the same in the sense when you understand what you are doing, there's really risk but if you go deeper and you seek for more knowledge the chance for you to enjoy and take advantage is high. It's a matter of how much you are willing and how far you can proceed according to your proper understanding. It's profitable once you learned everything around.

[BobBct]

I think that in every investment, business or opportunities there are always corresponding risks and rewards.  Just like in cryptocurrency, there are a lot of risk since most of the projects are start-ups and we don't know if it gonna make it or fail. There are a lot of scam projects as well.  The big reward is if the project you believe in will accept and prosper.  Cheers.

[EdvinZ]

Indeed, although cryptocurrencies are only 10 years old, it is still a very young branch of the economy. Cryptocurrencies can have a future if society realizes the benefits of digital money and governments will loyal to cryptocurrencies. As for the blockchain technology on which cryptocurrencies are based, it definitely has a very good future. This technology optimizes processes not only in the financial sector, but also in any other areas. Already, blockchain is being actively implemented at the level of States in their infrastructure. Blockchain is one of the most amazing useful technologies in recent years.

[crossabdd]

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

[meliodas]

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

I am not sure about that. You cannot achieve financial freedom just because you have cryptocurrencies because you need to put some work in order to get what you want. The transaction in cryptocurrencies are not instant because most of the cryptocurrencies that we have need to undergo certain confirmation in the blockchain in order to pass through. Yes, there are benefits of cryptocurrencies but it is not instant transaction or instant financial freedom.

[NewRanger]

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

crypto industry could reduce all of that. Blockcchain will give us efficiency  and save many cost that occur.  Financial freedom only happen if we hard work and take every opportunity in around us . maybe it could come from reall business or from crypto market.  Its will be hard to , need our struggle and hard effort from us and maybe not every people could do this.

[Savemore]

The risk of cryptocurrency is mainly about losing money due to the volatile nature of it. Apart from this risk of instability of values, other risks can be avoided when you're careful.

There are some who say that cryptocurrency lacks acceptance and that's why they don't want to make use of it, well that used to be true, but right now there are lots of businesses that are starting to accept the crypto payment such as bitcoin. Though another problem is that you have to be careful with them or just don't use your bitcoin for buying things online.

The next thing is theft: cryptocurrency wallets can be hacked, but you can still avoid this by being careful and securing your wallet with the proper security. These are the only risks I'm sure about and they can be avoided except the price instability.

Everyone already knows that the risks involved is that you can lose your money. If you're lucky you will be able to make lots of money. Anyone who is investing in cryptocurrency should always be aware of the risks that are involved.

When I started cryptocurrency I was never aware that Bitcoin can be really volatile and I was using a Xapo wallet then and the price if Bitcoin was $250 or so. So, I received some bitcoins from someone and left it in my Xapo wallet with plans to sell it the next day. The next day I opened the wallet and logged in and realized that the price dropped down to $240+.

I contacted support and questioned them about what happened to the money and they told me that that's how cryptocurrency is, that your money can go down at any time. Don't blame me for it, I never knew that cryptocurrency is something volatile. I was looking for a payment method to use and I searched on Google and Bitcoin came and I checked and it was available in my country, I didn't take out time to research more about it since people said it was legit. It was after this incident that I decided to do further research on Bitcoin and cryptocurrencies in general.

Considering the risks and the potential reward before putting our money in an investment is important. My mentor in cryptocurrency trading told me that I should know the risks that I taking for me to handle it very well. I identified it and that's why I didn't suffer any major losses. I know what I am doing and that's why I keep surviving in the market challenges.

[abhiseshakana]

I think we will go on a financial freedom. which there is no more about the cost of the transaction, about the length of time the transaction, about too many rules in a financial transaction. the crypto industry changes everything. everything is instant and profitable.

It seems you have chosen the wrong word "financial freedom". There is no correlation with your exact explanation that might be the freedom and efficiency of transactions using cryptocurrency.

Financial freedom is a condition where a person reaches quite a lot of savings and is relatively safe, and the results meet his needs to live the desired lifestyle. Financial freedom can also be defined as a phase when we are in peace and the choice not to work anymore for money, because money is working for us (passive income). What is meant by passive income here is money that goes in without us having to work. while active income is income earned from working and then paid or earned wages and if it does not work will not get income.

The essence of financial freedom is that your passive income each month can meet your monthly expenses. For example, spending per month is USD 1000, then you are financially free if your passive income every month is USD 1000 or more.

Financial freedom can only be achieved through passive income, ie income earned outside of work that can support you, with enough passive income, you can be financially free for life even if you resign from your job.

[doomistake]

The risks of cryptocurrencies are that these are the same risks as in any investment.

I disagree.

The risk that we are taking when we are investing in cryptocurrency have much higher risk than investing on real state properties, or in a business, why is that, because we are talking about volatility here that could spikes, either it goes up very wild or goes down very wild, like as of now, bitcoin's price dropped again to $7,500 and it is still very puzzling when will be the next bull run going to occur to recuperate our losses.

Although the rewards of bigger risk are always big, that is what I am sure about.

[AniviaBtc]

We don`t get rewards if we don`t risks. After all, we are the one that will experience the result. No matter we lose, we always want to get up and fight. Cryptocurrency is a life changer. Many people are looking for this investment as a way to become rich. But they also see this as a great SCAM. Whatever we are perceiving in crypto industry, it will still remain cryptocurrency. We just part of their development which in vice versa, we are the stakeholders of crypto.

Taking a risks isn't enough to have a great rewards. You also need to work hard and smart for you to be able to become more successful doing cryptocurrencies. How can you say that cryptocurrency is a life changer?

 There are a lot of sectors that need to be affected and helped by this crypto. You're saying life changer in an individual aspect, what if we help other people using this cryptocurrency, we should share the best reward to those people who are lack of necessities in everyday life like people in Africa.

[cotton ball]

We don`t get rewards if we don`t risks. After all, we are the one that will experience the result. No matter we lose, we always want to get up and fight. Cryptocurrency is a life changer. Many people are looking for this investment as a way to become rich. But they also see this as a great SCAM. Whatever we are perceiving in crypto industry, it will still remain cryptocurrency. We just part of their development which in vice versa, we are the stakeholders of crypto.

Taking a risks isn't enough to have a great rewards. You also need to work hard and smart for you to be able to become more successful doing cryptocurrencies. How can you say that cryptocurrency is a life changer?

 There are a lot of sectors that need to be affected and helped by this crypto. You're saying life changer in an individual aspect, what if we help other people using this cryptocurrency, we should share the best reward to those people who are lack of necessities in everyday life like people in Africa.

When you can manage and control with bitcoin situation I think less risk with your investing on bitcoin and altcoin, by joining cryptosurrency you have increase higher profit with your investing. Don't worry when you lost your chance with selling bitcoin on higher price because there are still have once chance how to get back your profit with bitcoin and altcoin for next time.

[DevilSlayer]

The volatility of the cryptocurrencies are the real deal. The price of the bitcoin can easily change because of the demand and supply in the market. Many people thought they people is easy money and they are not considering the risks, it is the reason why many people are losing investment in the market.

[deisik]

The risk that we are taking when we are investing in cryptocurrency have much higher risk than investing on real state properties, or in a business, why is that, because we are talking about volatility here that could spikes, either it goes up very wild or goes down very wild, like as of now, bitcoin's price dropped again to $7,500 and it is still very puzzling when will be the next bull run going to occur to recuperate our losses

Well, that actually remains to be seen

In fact, you are making sweeping generalizations here. First, investing in neither business nor real estate is a guarantee of stable income of any kind (as far as volatility is concerned). Further, these investments are not guaranteed to succeed at all. Your property can lose all its value due to a multitude of external factors up to a point where it will start to generate negative money flow as you will still have to pay property taxes on it, regardless of its market price. And then most businesses fail in their fresh year

The point is, investment reality is very distant from how you see or rather imagine it. To sum it up, investments in Bitcoin are overall less risky unless you are a genuine expert in the field where your are going to invest in (real estate or whatever). Bitcoin is already firmly established, and it is not going to kick the bucket any time soon, no matter how high its volatility can be. And volatility works both ways anyway, so you can ride it and earn a couple of bucks here and there which would amount to a handsome percentage annually