how to invest safely in cryptocurrency?

[biddicoin]

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

To be honest, I think there is no such thing as safe way to invest in cryptocurrencies. I don’t find it safe because the cryptocurrency market is so unpredictable nowadays. You may not know when the price will go up or down.

There are times that it will go high or low in value in just seconds, minutes, hours or so. When some of my friends who are inquiring to me about investing in cryptocurrencies, I always said to them that they should do it at their own risk.

So when it comes to investing in cryptocurrencies, I believe there’s no such thing as safe and effective way anymore. It’s now considered at our risks. Just sayin’ only.

yeah i agree with ur opinion. this is just OP made a wrong title. the right title is "how to reduce the risk of investing in cryptocurrency"

cryptocurrency is very volatile that has very high risk too. even so many scammer, scam project, etc around here

but, every risk can be reduce if we know how to do it. nah, the OP tells us how to reduce it

[DimitrisLodirogas]

Background check is essential and don't forget to check the project regularly on social media. Found a tool on Newscrypto platform which tracks desired coins and their performance (avaiable for free).

Also don't feel comfortable investing in new projects listed od unknown/low volume exchanges. Hope it helps! Have a great one!

[angrybirdy]

Background check is essential and don't forget to check the project regularly on social media. Found a tool on Newscrypto platform which tracks desired coins and their performance (avaiable for free).

Also don't feel comfortable investing in new projects listed od unknown/low volume exchanges. Hope it helps! Have a great one!

It will be useful to gather information to lessen the risk of investment. By doing a research, we can tell if the  investment is legit or dangerous which should be avoided by investors.
However, there is no safe investment. We all know that every investment has its own risk that we need to face.

[H1N1]

To invest safely in cryptocurrency, it is mandatory to always doing full research about the one we want to invest.
It is better safe than sorry, and your money will stay remain on your side.
That is why peoples choose to joining IEO than ICO, to minimize the risk of being scammed because lack of research.

[zidanw]

Investing in drcypto is very high risk for people who have jumped in and invested in crypto, so the points that OP describes are indeed steps that need to be considered in investing in crypto. But sometimes when we have run it all still there is a risk of loss, so in my opinion, it cannot guarantee 100% safety

There is no guarantee in an investment like crypto risk here is quite large. indeed the OP gave advice to be more careful in investing because we did not want to get big losses so in my opinion it was good with the education to provide more insight before making a decision to invest

[cryptothreads]

investment wherever there will never be a guarantee of profits, everything must have a risk of loss that can occur at any time without your knowledge, and when you make an investment in cryptocurrency you must be able to accept that the cryptocurrency price movements do not always go up, certainly one day it will also happen very long price reduction.

The crypto market has unexpected things happening and it is difficult to predict the future of this market so it is best to think many times before investing. I lost over half of my assets when investing but I still believe those coins will rebound because the crypto market is always a promising destination for everyone. I may not be making much profit now but things will be different in the near future.

Of course I still hold Bitcoin now because this is the safest long-term investment and only sells when the coin reaches $15,000.

[batang_bitcoin]

investment wherever there will never be a guarantee of profits, everything must have a risk of loss that can occur at any time without your knowledge, and when you make an investment in cryptocurrency you must be able to accept that the cryptocurrency price movements do not always go up, certainly one day it will also happen very long price reduction.

You've said it right. All investments doesn't guarantee profit as long as it's coming from an established company that's giving you dividends to earn. Well that's a low risk type of investment and also including the government bonds. The root of being safe investing to crypto is by simply educating yourself. Once you are aware of the sides of it, the pros and cons, the potential scams and people that you should avoid involved to a project, you can protect yourself by avoiding them.

[TrevorS]

There is a lot of fraud in the industry, ratings can be bought like the site and the roadmap and everything else. If you invest then in the top and time-tested coins.

I agree with you, almost everything is being bought at the moment, from ratings on websites to first places in local blockchain competitions. Trust is necessary only for those projects that are time-tested. And this, as the topic starter said, projects from the top 1-500. In general, I like investments in bitcoin and in not more than 7-10 altcoins in the proportions of 80% = BTC, 20% - altcoins.

[cdog]

There is a lot of fraud in the industry, ratings can be bought like the site and the roadmap and everything else. If you invest then in the top and time-tested coins.

I agree with you, almost everything is being bought at the moment, from ratings on websites to first places in local blockchain competitions. Trust is necessary only for those projects that are time-tested. And this, as the topic starter said, projects from the top 1-500. In general, I like investments in bitcoin and in not more than 7-10 altcoins in the proportions of 80% = BTC, 20% - altcoins.

That's right, I also like BITCOIN. It has been explained that investing in a new project has a greater risk than us investing in an old project. therefore if Bitcoin has proven to be the king we should choose a good coin (Bitcoin)

[Classica35]

If a project can outgrow its competitors, then that will be a good one to go for. There are so many projects with similar products, but the capacity of their products differ. Of I find a project, I look around for the competitors in the space, then I choose the best.

[Meysa_richa]

Nothing is safe for investment in Cryptocurrency, moreover it is a new project. Even though that Top Cryptocurrency project managed by a professional manager can make us lose money. In my opinion, investing in Bitcoin and Coins in the top 10 of Coinmarketcap may be safer than investing in new projects. Moreover, up to 500 Coinmarketcap ratings, it is very difficult to find coins that are safe to invest.

[pgbit]

And most importantly, bear in mind that nobody cares about making you a bunch of money in this space, they are more interested in lining their own pockets so if you see any projects being shilled too much, DYOR before you invest if you will  NEVER FOMO.

[TriplexXx]

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

Investing in new projects is very profitable if you find the right one. But you invest in a bad project that is the place where you will lose money. I think it is better to invest within the top 200 coins in the market instead of within the top 500 altcoins. Top 500 altcoins are way too many, you could fall into scam coin easily.

[tabas]

If following the way above, then I think very safe. Thanks bro for the way.

You need to be very cautious about them and be aware of what you're investing. Ignorance of it will surely pull you down to scam projects which we don't want to happen for everyone.

And most importantly, bear in mind that nobody cares about making you a bunch of money in this space, they are more interested in lining their own pockets so if you see any projects being shilled too much, DYOR before you invest if you will  NEVER FOMO.

Agree to this.

[ahyadinnn]

Investing in new is very profitable if you find the right one. But you invest in a bad project is the place where you will lose some money. I think it is better to invest within the top 200 coins in the market instead of withing top 500 altcoins. Top 500 are way too many.

If you want to invest in a new project, it's better to first research the project you want to invest in - Profit. However, the risk is also high if we invest in new coins, and I prefer to invest in a list of 1-10 coins in coin marketcap because I think those coins have the potential to increase in the future.

[huu78]

I agree with you. But there is no safest investing in crypto because the price change drastically can profit and loss. Investment risk in Cryptocurrency is greater. Why is it so because there is a significant decline and increase.
So, a big risk of giving a big profit but losses can end a lot or vice versa. Therefore, we must make a plan or plan in order to minimize the risk of loss and have a plan to refund the lost funds.

[ice098]

Nothing is safe for investment in Cryptocurrency, moreover it is a new project. Even though that Top Cryptocurrency project managed by a professional manager can make us lose money. In my opinion, investing in Bitcoin and Coins in the top 10 of Coinmarketcap may be safer than investing in new projects. Moreover, up to 500 Coinmarketcap ratings, it is very difficult to find coins that are safe to invest.

In able to be safe in investing we should know first the coin that we are investing, you may see the list in coinmarketcap if you want, there will be a top coins there, all of them are active and it is safe to invest with, they are also in a good exchange not like a shit exchange that has a fake volume. invest in those coins who has a good exchange because you knew that they have the budget in everything and they didn't abandon their coin when listed.

[p2pclub]

Haha, I guess that many investors lost their money. So, it's not 100% safe while doing investing in some altcoins.

You may choose big altcoins to buy and hope that grow fast. That's the only a safe way here.

[TelolettOm]

All things must be learned first to be able to invest in cryptocurrency because if we only hear people's advice about altcoin which is good is the same because we also can't analyze it. and in my opinion right now the main thing is to learn it. and there is no word "safe" for investment in cryptocurrency. Even altcoins that are said to be the best also carry risks. so indeed you must be prepared with all these things

[riso2015]

All things must be learned first to be able to invest in cryptocurrency because if we only hear people's advice about altcoin which is good is the same because we also can't analyze it. and in my opinion right now the main thing is to learn it. and there is no word "safe" for investment in cryptocurrency. Even altcoins that are said to be the best also carry risks. so indeed you must be prepared with all these things

Investing in the world of Crypto is indeed full of risk, but by choosing the right coin, which has a high volume on the Exchange, it can reduce the chance of loss. Indeed, at the moment it is very difficult to analyze which coins are right for investment, because Crypto price movements are still not stable.