What are the dangers inside cryptocurrency investing

[bitzizzix]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

This is one of the things I tell to my friends, who are new to crypto currency. It's still better to invest what we can afford to lose. Because we do not know the flow of different crypto currencies and it may even cause us to lose our hard earned money.

Yes, I agree with your idea and I also don't always recommend cryptocurrency about the benefits or good things about cryptocurrency and have to tell the risks that will be experienced.
and what I do to invest in cryptocurrency gradually in small amounts and it is to avoid when experiencing losses so as not to regret it.

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[Sadlife]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings?

For me it’s a no,I will never risk my savings that allotted for my family to invest here,I have enough in my folio that I gain from various areas here and some are from my own money vested here

Or should I take a loan out? Since I heard that the returns are so great!”

This is what people here must not never do because if we don’t met the target or if market go the other way then you will be in debt the whole life

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Exactly my friend and this will end our life in misery if we take the wrong way!invest what you can afford to lose

[diazepam666]

You may feel that price volatility make some differences in the price chart but actually we need to be careful while we are going to to trade using the signals and the the ideas from the experience traders.
Since most of the cryptocurrency sir decentralized people who are more embedded with centralised medium are worrying about this Bitcoin and other altcoins.

[Pinkris128]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

There are some time that we actually need to think before we do or perform such things because we don't know what it is penalties. It depends on the people who will handle the cryptocurrency and if you go to the wrong people, your money and allnof your investment will disappear easily and all of this will go for nothing.

[kayvie]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings?

No 100 % negative in doing this because this will be the end of your career if something went wrong

I do agree. It would be better to use the spare money we had, its hard to risk your career over investing.

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings?

No 100 % negative in doing this because this will be the end of your career if something went wrong

Or should I take a loan out? Since I heard that the returns are so great!”

The most stupid idea I ever heard in crypt,there was a thread in previous year that concerns like this.when bitcoin is on pick last 2017 December a man make a load without his wife’s knowledge and all the loaded money he invest in bitcoin the sad part is hours after he invest the market starts to fallen continuously downing until the amount he loaned turns 1/4 and he don’t know how to explain to his wife lol

Right, its NOT SO COOL BRO, Its all about the risk, taking a loan for investment is like killing yourself. Why would you risk money for investment that is not yours in the first place.

[rafajunior99]

If you don't know more about cryptocurrency, it's better not to invest with your savings or income, especially with you borrowing, in my opinion investing in cryptocurrency must have mature knowledge and good experience to get benefits in the future, because this is all very risky if you make inaccurate predictions for your investment, unless you are directed by friends or relatives who truly understand the science of cryptocurrency, it will be an excellent investment in your future.

[Astvile]

People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

This is where everybody goes wrong.Investing their whole life savings and earnings through bitcoin and putting all their time onto it without even having enough experience about it,some people do retire at their job in order to just go on full time trading and end up losing and having a hard time finding a new job.They treat bitcoin like its a job but seriously it isnt a job and not made to be a job.

[hahahafr]

The volatility and uncertainty in cryptocurrency investments is what makes it quite dangerous. I would not advise anybody to invest his lifetime earnings because that's insane and damn risky. At least a portion of your salary which you can give it out without a blink. Another thing that you should also know is that crypto investment can take time before getting you that huge profit you wish so learn to be patient when the market is swinging up and down.

[Pinkris128]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

There are a lot of treat of having involved with the cryptocurrency. We all know that cryptocurrency has a lot of impact in making the economic of one country grow more bigger than before. Many people gain some profit and earn a lot of money with the help of some cryptocurrency but not all are helping. Some of them is too risky because of many people scam the money and the earning of the other people. And with that,many people are scared now of investing in cryptocurrency.

[aces777]

Just like almost everything in life, even living itself, there are risks associated with investing in cryptocurrencies. One of the reasons for people are faced with these risks anyway is mal-information, or inadequate knowledge which makes them make decisions that can cost them a whole lot. When you don't have the right knowledge, you might end up making bad investment choices, which can lead to loss of funds. This is the major risk people are aware of, and are scared of as well.

[Cacingkemi]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

investing in cryptocurrency is actually not dangerous if we are good at making the right decision, but this type of investment clearly has a huge risk. therefore, before deciding to invest, you must first understand the risks that will be faced. not recommended if the money we use to invest in cryptocurrency from the results of the loan because it is very dangerous, because the benefits obtained from the investments we make may not necessarily get the expected results

[jostorres]

Just like almost everything in life, even living itself, there are risks associated with investing in cryptocurrencies. One of the reasons for people are faced with these risks anyway is mal-information, or inadequate knowledge which makes them make decisions that can cost them a whole lot. When you don't have the right knowledge, you might end up making bad investment choices, which can lead to loss of funds. This is the major risk people are aware of, and are scared of as well.

Many people are misinformed because they chose to be misinformed and there is absolutely no one forcing them to accept the information before they first verify it. People always listen to opinion too much rather than heading for a better research on any decision they wish to make, and this is why many people have fallen victim of some of these scam projects and hackers.

Life is full of risk generally, but we have so many strong people that have always learnt to deal with the associated risk everyday of their life and they have been succeeding in dealing with it. The only risk that is most found with cryptocurrency which we cannot blame anyone that falls into it too much is just the volatility, decisions being made during this period is not that easy, and except that, everyone that has made wrong decision is to be blamed for their action for not being able to manage the risk involved.

[bounceback]

if you don't know much about investing in cryptocurrency you should not focus too much on investing in coins (bitcoin) which is quite expensive especially for you if you want to use loans from other people to invest in bitcoin because currently bitcoin and other cryptocurrency prices are less stable than a few weeks ago, my advice if you want to invest better do not use other people's loans because it can harm yourself.

[Finestream]

Danger and risk, its all the same, and since my definition of crypto investing is a high risk form of investment, I believe we need to ensure we understand the market before we invest so we will not be surprise and complain if we loss.

When we say high risk, there's a high chance of losing, but on the bright side, there's also a chance that you will a decent return if you succeed.
I am here because I believe on the potential, so whether I lose or I succeed, I'm always ready.

[alexsandria]

As what i can see to you, you are very new to bitcoin that you aren't even aware of what it is, things about it that you only know it because of hear says. That is the danger right there, investing on something you didn't know. You even want to loan which is risky yet you will do it just because of hear says? I mean, I believe in bitcoin and what it can do to people but if you are a person that will engage in it even though you are not knowledgeable, then it will just bring you to disaster. All investments, not just bitcoin, requires everyone to be knowledgeable about it.

[Darooghe]

You can reduce investment risk and the negative impacts of the investment by focusing on a few things. 1) Research constantly, but if you are the kind of person who gets swayed easily, don't check prices constantly. Have confidence in your approach. There will be bumps in the road. 2) Don't purchase Crypto with money you 'need' in any sense that directly impacts your quality of life. Crypto is highly risky and any money you actually need should be invested in much safer places. 3) Look at the fundamental use-case of the project, and only invest if you have a good reason to. 4) Whatever you do, wait longer than you feel comfortable waiting. Whatever a project is or isn't, it nearly always takes longer to become that thing than we imagine it will. Don't rush into buying unless there's a good reason. 5) Don't be afraid to take profits. profits are always a good reason to sell.

[dessyhodin97]

it'll be crazy to use your life savings to invest in cryptocurrency. prices cant be predicted so anything can happen. invest something you can afford to lose.

[DaftAjax]

1) There are a lot of treat of having involved with the cryptocurrency. We all know that cryptocurrency has a lot of impact in making the economic of one country grow more bigger than before. 2) iMany people gain some profit and earn a lot of money with the help of some cryptocurrency but not all are helping. Some of them is too risky because of many people scam the money and the earning of the other people. And with that,many people are scared now of investing in cryptocurrency.

1) No, it will not do such a thing. If that is true, then why haven't these countries done it already? Because they can't, and they won't. They will care for their own economy, their own fiat (dollar). And will not risk anything just because Cryprotcurrency tends to have a higher price.

2) Exactly, cryptocurrency is for the benefits of individuals and not the country. You could say that cryptocurrency is a way to ease the financial situation or to make financial status even better than what they already have.

[Zeke_23]

Dangers inside crypto investing
People may ask: Should I do invest in the cryptocurrencies by using my life earning and savings? Or should I take a loan out? Since I heard that the returns are so great!”

First off, that is really an extremely horrible idea. Cryptocurrency volatility can kill your pocket and rapidly reduce all your hard-earned investments.

Read : https://paperblockchain.com/what-are-the-dangers-in-cryptocurrency-investing/

investing in cryptocurrency is actually not dangerous if we are good at making the right decision, but this type of investment clearly has a huge risk. therefore, before deciding to invest, you must first understand the risks that will be faced. not recommended if the money we use to invest in cryptocurrency from the results of the loan because it is very dangerous, because the benefits obtained from the investments we make may not necessarily get the expected results

There is no investment that is not dangerous or risky, all types of investment has its own risk even in cryptocurrency. Even in investing in bitcoin, it doesnt mean that it is safe if you invest.
Investing in the wrong time is risky, we all know that crypto is volatile, investing at the highest amount of crypto is not good, there is always a right time to invest.

[DaftAjax]

You can reduce investment risk and the negative impacts of the investment by focusing on a few things. 1) Research constantly, but if you are the kind of person who gets swayed easily, don't check prices constantly. Have confidence in your approach. There will be bumps in the road. 2) Don't purchase Crypto with money you 'need' in any sense that directly impacts your quality of life. Crypto is highly risky and any money you actually need should be invested in much safer places. 3) Look at the fundamental use-case of the project, and only invest if you have a good reason to. 4) Whatever you do, wait longer than you feel comfortable waiting. Whatever a project is or isn't, it nearly always takes longer to become that thing than we imagine it will. Don't rush into buying unless there's a good reason. 5) Don't be afraid to take profits. profits are always a good reason to sell.

All of these are good points.

As am reading this, as meaty as it sounds. I was confused midway because I am not sure if you're encouraging me or discouraging me. After I read the whole thing, I was more convinced about not even bothering on being interested in any projects at all. Considering that the intentions of the project aren't as clear as it was laid out.

So I was thinking about making profits elsewhere. Since this one has a lot of risks.