What are the dangers inside cryptocurrency investing

[Genemind]

Volatility is one of the major reasons why investing in Bitcoin is risky. We can't predict its price and there will come a time where we'll see like were losing our investment. In cryptocurrency or any other investment, every risk is an opportunity to earn better. However, I don't think to loan just to invest in crypto would be a good idea because the market is always unstable. It's better if we'll use our earnings to invest than borrowing or loaning because we can't predict the future price of Bitcoin.

[1714546673]

1714546673

[1714546673]

1714546673

[1714546673]

1714546673

[1714546673]

1714546673

[jarhed]

Volatility is one of the major reasons why investing in Bitcoin is risky. We can't predict its price and there will come a time where we'll see like were losing our investment. In cryptocurrency or any other investment, every risk is an opportunity to earn better. However, I don't think to loan just to invest in crypto would be a good idea because the market is always unstable. It's better if we'll use our earnings to invest than borrowing or loaning because we can't predict the future price of Bitcoin.

It is necessary to adapt to the volatility in the cryptocurrency market. After all, you can make money on this, buy cryptocurrency assets at a very low rate, and sell quite expensive. Gain experience in the cryptocurrency market and will be well-developed in the future.

[GreenStox]

If you invest in buying coins and you control your own coins, it will only risk the price that may fall or go up, whereas if you invest in cloud mining or investing coins, but you leave them in the exchange then it will make you have the risk of losing your assets instantly when the website can no longer be opened.

[SummerBliss]

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/

Making money by investing is not an easy job especially when we are dealing or investing in highly volatile cryptocurrency market where prices fluctuates every time so you are on the edge of losing everything.Investing in this market without proper knowledge and skills is a big mistake.You need to do research about the coin in which you want to invest and monitor its growth regularly.Always invest the amount that you are willing to loose and be patient if you want to earn profits.

[Rufsilf]

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/

Making money by investing is not an easy job especially when we are dealing or investing in highly volatile cryptocurrency market where prices fluctuates every time so you are on the edge of losing everything.Investing in this market without proper knowledge and skills is a big mistake.You need to do research about the coin in which you want to invest and monitor its growth regularly.Always invest the amount that you are willing to loose and be patient if you want to earn profits.

I don't think it wasn't because of its volatility that keeps the market and seeing danger inside. But what I could see is that "inside our hearts and mind" decision making and being an impatient person. This is what makes people suffering losses instead of gaining.

It actually there is a risk in all kinds of investment and if we think this all the times, it much more affects in our lives and the way we go into trading.

[thesmallgod]

All I can say is that investing in crypto is very risky. Gone are the days when a lot of money can be made within a few days by trading. This was when it was rosy for the altcoin. A coin can go 10x of the ico price after listing but today reverse is the case. So many projects have not even been able to make the soft cap not to talk of hardcap. many of them do not even make an announcement of how much was made not to talk about listing. if you are lucky to see the coin you invested being listed, the listing price might want you to consider suicide.

[ReiMomo]

Well, the danger is that you might lose your money if the price drops down and you do panic selling. That the most important rule, you just need to know in the crypto world and how it works when you are in investing. Since the value of it is volatile, so it may rise or fall from time to time and you don't need to be afraid of it and just keep on holding until the price increases earn a big profit on it.

~snip~
It actually there is a risk in all kinds of investment and if we think this all the times, it much more affects in our lives and the way we go into trading.

Risk is always there but if you know how to manage it, you can gain a massive profit I guess. I recommend not to invest ICO's they are bullshit to me. Focus on bitcoin and other top 10 altcoins that has potential.

[dioanna]

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/

I do not advise doing this to all my newbie crypto friends, I introduce crypto to them as an opportunity where you can get free money
not the other way around.

[Reatim]

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!”

Never put in mind to use a capital in crypto investing or even in all investments that we will enter “Using Loan or Borrowed money because the very moment that the market never stop falling against our expectations what will happen is the interest from The borrowed money will increase and sometimes insignificant growth

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

Absolutely right,we all knew about the possible profit brings by volatility but we also at risk if the price I don’t go the way we look at it

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

Nice article thanks for sharing this really help us find reason for not trusting the investing 100% special in cryptocurrency.

[Colt81]

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 dangers inside of cryptocurrency investing such as hacking, money laundering, low price of cryptocurrency and etc. But i don't mind those dangers in investing in cryptocurrency because it normal in crypto to have this kind of risk or dangers, so it will better if we just focus on our investments.

[darthmaul]

There are two types of dangers involved here. One is the risk of hacking or phishing while other is risk of volatility and losing your money. Especially if you have invested money in shit tokens they are more likely to fail and you will end up with nothing therefore avoid such things.

[joinfree]

In addition to the high volatility of cryptocurrencies, you can also consider the numerous scams that you can get involved into. I invested in so many ICOs and now most of them are dead with no further development. That's why it's so important to do an extensive research before investing into any project.

[barabarian1]

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/

yes you are very dangerous when we enter cryptocurrrency without knowledge and just follow the trend. and think crypto is how to get rich quick. To succeed in crypto requires patience and also hard work. we must learn about cryptocurrency in earnest before investing. and I suggest that when investing crypto don't use borrowed money it's very risky. because we never know when coins will rise and fall. better start investing crypto with small capital but the money itself is not a loan.

[rodel caling]

The danger investing inside crypto currency is if you didn't know how crypto handle well in times of drops because of high volality fluctuations and most important thung to avoid danger and loses our investment  always remember if the price dropping do not panic just be patience and hold crypto investment that way I believe can control the dangerous risk investing in crypto.

[Zemomtum]

There are a lot of dangers in investing in crypto. One of them is volatility.  Also, the crypto space is full of scams. legit projects are very few and a lot of exchanges manipulate their volume. This are just a few among them. since it is not regulated, a lot of unethical behavior full everywhere

[Xxmodded]

The danger side with cryptocurrency only with price suddenly drop, we can't prediction about bitcoin how back lower price, just big investor know when bitcoin up or down. Cryptocurrency give many surprise for you when you make investing have higher or lower price, you can invets with bitcoin but you have ready when bitcoin or your investment go to lower price.

[gandame]

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 is danger by investing in cryptocurrency. Why?  Because you may lose your money. Like investing in altcoin you can lose your money if the altcoin become Dead.
But if you choose only bitcoin or ether is much better but waiting is need for this investment because the price now is down.

[Naughty Princess]

There are two types of dangers involved here. One is the risk of hacking or phishing while other is risk of volatility and losing your money. Especially if you have invested money in shit tokens they are more likely to fail and you will end up with nothing therefore avoid such things.

I agree. When you know nothing about what you are investing, you end up losing. If you cannot handle your emotions on investing, you might end up losing too. You have to understand things in crypto and how to play with the volatility to avoid the crush. Crypto is very risky because of many fraud created that when you take their bait you will be the victim.

[Edraket31]

There are two types of dangers involved here. One is the risk of hacking or phishing while other is risk of volatility and losing your money. Especially if you have invested money in shit tokens they are more likely to fail and you will end up with nothing therefore avoid such things.

I agree. When you know nothing about what you are investing, you end up losing. If you cannot handle your emotions on investing, you might end up losing too. You have to understand things in crypto and how to play with the volatility to avoid the crush. Crypto is very risky because of many fraud created that when you take their bait you will be the victim.

Searching and investigating is one of ways we should do on our part if we don't want to get scam easily, as per me, I am reading some of scam revelations about other person, so I can learned from their experiences, don't invest much of your money especially if you don't have savings yet, it is fine to take risk but not at all as it is not easy to earn money.

[jhonjhon]

It will be highly risky to use your life savings or take loan from the bank to invest on crypto especially alts coins, but if you all in btc, it is risky as well but if you are patient enough it is worth it, if i had invested my life savings in btc alone in 4-5 years back, i would be singing a different song by now

Compounding interest is a sure thing though and it's going to hurt, I would never take a loan to invest in crypto, I can already barely stand the huge swings, imagine if you're borrowing the money, heart attack city.

The longer the time period to repay the loan, the higher interest to be paid in accordance with the initial agreement. Of course, taking a loan is a very risky thing, especially using that money to invest in crypto, which is not certain that we will get profit quickly. This will make it hard for us to repay loans because of this pressure.

That is why it is not advisable to get loan to invest in bitcoin, for me, I save up portion of my salary to invest in bitcoin little by little though we can trust bitcoin our savings but it may take sometime, the profit is not instant, it may take months or even year to get profits because the price is very unpredictable and if you get loan the interest loans is becoming bigger the longer you pay them. This will only make your life hard because you will worry how to pay your loan and at the same time worry about the price.