What are the dangers inside cryptocurrency investing

[BitcoinPanther]

It's not dangerous to invest in cryptocurrencies, it's just riskier.

Danger is twin brother of risk.  So if we say it is riskier then we directly saying that it is more dangerous.  I agree, without proper knowledge it is very dangerous to invest in cryptocurrency because of the several reasons stated by OP.  We need to acquire more knowledge in order to minimize risk that is involved in cryptocurrency investment.

[1713428762]

1713428762

[1713428762]

1713428762

[1713428762]

1713428762

[Yaunfitda]

Just to be fair though, every investment has risk involved remember that.

One thing that separates crypto though is that this market is prone to manipulation that's why the risk factors multiply. And then this is a speculative asset as well, so there's a lot of dangers wherein you don't know how the market will move in the next couple of minutes and hours.

That's why if you are a investors, you really need to understand the circumstances behind this crypto market and then decide for yourself how much money you are going to invest on it.

[imstillthebest]

If you going to invest here in crypto then you can really lose because this is very risky like that's the danger inside cryptocurrency investing

calling it risky is more better than calling it dangerous   . risky because there is a chance that we loose but not dangerous because cryptos cant harm us phhysically  . it will only be risky if you will not take time to read and investigate if what is good and bad but as soon as you know what your doing youl be just fine  .

So if you point out that if your money coming from your salary,saving or you loan to invest here then that's worth it like we can really earn here in crypto that's why this are still continue to grow and long already

money came from saving or loans are not the best source to put in cryptos because saving meant to be in your future and loans were meant to be for emergency purpose or can also work for future use  .   salary can be a good source however because you can always earn it from working .

[ScamViruS]

It is not advisable to invest in cryptocurrency with a loan or Lifetime savings . Investing in crypto is very risky if you have not good knowledge about crypto currency. It is not right to invest in your lifetime savings in crypto. Because it's difficult to say when the crypto market will go in which direction. You can invest a small percentage of your savings in crypto, which will not hurt you even if you lose it.

[Bob Smith]

Yes, investing in cryptos can be dangerous, but then which investment venue is free of that today. To have good returns, you have to be at risk. Just keep working on how you can minimise this risk.

[Krismanto]

This question will probably continue to appear. Because new people nowadays many are interested in investing in crypto. But they will also surely ask about the risks they can face.

Huge gains in a short time can be acquired and the Crypto industry. So it will be a lot of people trying to find capital through bank loans, or selling land and taking money from savings.

That's what I think you might be able to do, but it's very risky. As a beginner, it is better to use reasonable capital and try to learn more about Cryptocurrency.

[yoseph]

Someone gave me an advice about investing and he said that we shouldn't invest any amount that we are not ready to lose in the first place and I do believe that this is very true for all investments in the world. There is a 50% chance that you may end up losing it all but with cryptocurrency investment,  you only lose your investment when you sell , so if you are patient, you may end up making money.

[Digitalbitcoin]

Someone gave me an advice about investing and he said that we shouldn't invest any amount that we are not ready to lose in the first place and I do believe that this is very true for all investments in the world. There is a 50% chance that you may end up losing it all but with cryptocurrency investment,  you only lose your investment when you sell , so if you are patient, you may end up making money.

In addition, I would like to add some important aspects related to cryptocurrency investments as :

Cryptocurrencies are digital assets so while accessing them keep your device secure and safe.

the second important thing is keeping your data private or safe.

the third aspect is being more active and updated with the market.

the last one grabs knowledge to make a positive decision confidently.

[pieppiep]

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/

You should not invest in the cryptocurrency if you don't know the risk. You risk your life earnings and savings by invest in something you don't know. You don't have to take a loan to invest because you can invest with your money no matter how much you want. The return of the investment is bigger if you are in the right time to cash out your investment, but if it's not, then you need to realize that the chance to lose your money will be there.

I don't read the article because I think every people will have to realize that if they want to invest, they need to know the details, so they don't have a regret in the future. The volatility of the price is something that we must concern so we can leave the market with the money and stay calm for a while until the price can down again so we can get a low price to buy.

[seagates]

I hope that times than people were taking loans for crypto are gone

[Ris88]

There is nothing wrong if someone wants to invest in Cryptocurrency, at least have enough insight to understand because the risk for someone who invests in bitcoin or altcoin is quite large, because you might lose so much money and get a big loss or lose ...

[fullhdpixel]

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/

When we are going into any business or any business investment, we should always know that there are risks that are always associated to it, and what makes us a very good investor is the ability to recognized the risk and then learn how to deal with it. For us who has been in the investment of cryptocurrency, we should already know by now that the one big risk that is associated to cryptocurrency investment in general in the volatility aside that risk of scam and other ones.

Volatility drains the pocket if we don’t know how to manage it, and one way we can manage it is to identify project that are very good first to invest in or trade with, it is when we trust the project that we will be able to learn and device strategies that we can always use to deal with the volatility of the coin. Bitcoin has a very high volatility, but because of its real use case, it is easy to manage it.

[AicecreaME]

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!”

I recommend using your earnings and savings if you really want to invest in cryptocurrencies but never take out a loan just for this, because you'll just add problems in your life, you might be wondering why, well let me tell you. If you don't have any earnings or savings as of now and you wanted to invest in cryptocurrencies to take advantage of the market and decided to take out a loan, then you'll just end up having too many debts, we don't know when the bull market will come, and the payment you need to pay when you take out a load will not wait for it.

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/

It is not a horrible idea just because someone posted an article that he didn't end up well when he invested his money on cryptocurrencies, we have different choices in life so maybe I guess he made the wrong choice or maybe he is not just a fan of cryptocurrency.

[Apaxy]

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!”

I recommend using your earnings and savings if you really want to invest in cryptocurrencies but never take out a loan just for this, because you'll just add problems in your life, you might be wondering why, well let me tell you. If you don't have any earnings or savings as of now and you wanted to invest in cryptocurrencies to take advantage of the market and decided to take out a loan, then you'll just end up having too many debts, we don't know when the bull market will come, and the payment you need to pay when you take out a load will not wait for it.

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/

It is not a horrible idea just because someone posted an article that he didn't end up well when he invested his money on cryptocurrencies, we have different choices in life so maybe I guess he made the wrong choice or maybe he is not just a fan of cryptocurrency.

I believe that after the mistakes that the newcomers made at the end of 2017, users have already learned to be more careful and cautious in their desires and their actions.  At that time, everyone was hoping for a quick and rich profit when they started buying cryptocurrency at the end of the 2017 bull run, which was a very big mistake.  Even so far, these cryptocurrency users have not fixed their mistakes and could not even return the money spent.  I think that today the cryptocurrency market does not show such rapid indicators of capitalization growth, because users have already realized the complexity of the risks that accompany activities in the cryptocurrency market.

[ChrisPop]

I don't recommend taking out a loan for any investment unless you are a professional investor. Volatility is not the only danger of investing into cryptocurrency. There are many risks associated such as being an unregularized environment. Then we've got to acknowledge the fact that cryptocurrencies are a high risk, high reward bet. The blockchain technology is being adopted for sure, but that does not mean that Bitcoin for the example sake will be the world currency. Governments might just issue their own cryptocurrencies and people might just go with that.

The truth is that most people are not really "hungry" for anonymity and privacy/freedom. In a way they want to be protected by the governments and want a currency that is regularized from all points of view. But if Bitcoin gets adopted it will be huge. So as I said: high risk, HIGH REWARD!

[Dread Pirate Roberts]

investing in crypto mostly on ICO projects or cloud mining is very controversial because the nominal needed to to get real profit or get ROP ASAP like that always ended as fraud investment . and with the truth of investing in the internet this is an opportunity for them to make their way to make instant money . and sadly still many people fall for it.

[suhadi88]

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/

At first, I know Crypto produces huge gains very easily. So I am also interested in investing. I took my savings money and at the moment it was pretty big. The gains I get are great, but I can also lose it quickly. I may have good fortune, despite the loss of money, but I have made many profits.

For now, for those of you who want to invest and trade better, learn about crypto. You know better the risks you can get in this industry. So you can take the next step to determine the capital you're going to use.

[finaleshot2016]

Obviously scam projects, it's our risk when investing to any platform because we didn't know if it's legit. Some people are just spending money without checking the legitimacy of any exchange or platforms. But I think it's normal to risk since it will reward you high profit too.

Learn about cryptocurrency so you'll absolutely avoid being scammed.

[ethereumhunter]

Investing in a cryptocurrency will have a risk because of the volatility, and I think you already knew it, but maybe people in out there don't know that. They invest their money in cryptocurrency because they read some news that when they can invest let say $10k, they will make a bigger profit in some short time. Well, that is not true because if they get involved deeper in the crypto world, they will see that news is wrong, and they will leave the crypto after they know the truth.

We don't suggest people to take a loan to invest in cryptocurrency nor investing all of their money because the risk will bigger than they can thought. We don't want to see they are lose all of their money because of the volatility or they don't want to learn more about how to make a profit from the cryptocurrency. But we can let them decide.

[Ailmand]

I guess people who are prone to the danger in investing in crypto are those who are not fully aware of how the market works. Sometimes the hype in the market entices people to put all their money in crypto without even understanding the risk of what they are getting into. One friend of mine a few years ago when we are both new in crypto had earned $1,000 when he first invested. And being too confident on the crypto market, he even sold some of his personal belongings and property put all in crypto and had lost multiple times of what he first earned. A lesson that would really hit you so hard. Always invest what you can afford to lose, and never be to complacent that crypto will always bring you great fortune if you are a risk taker.