fiulpro
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September 28, 2019, 08:32:35 AM |
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I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
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Malsetid
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September 28, 2019, 09:09:58 AM |
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The dangers are GREED and EMOTION and these two things dictate the losses and the profits that can be gained from Crypto currency investments. People SELL too early because of these two factors and when they lose money, they want to blame Crypto currencies. You cannot allow GREED and EMOTIONS to come into play, when you deal with Crypto currency investments, because it will lead to mistakes. Bitcoin is not like other commodities or financial investment tools, because it is very volatile and you can be fooled to sell too early or to buy too late. Also make sure to protect your tokens, after you bought them on the exchange. You can say that greed is a product of people's emotions in certain instances. And i agree that giving in to one's emotion can be very problematic especially for a new trader. By nature, the movements in crypto trading is heavily fluctuating more than your stocks or forex trading. It can trigger emotions that can dull anyone's decision making. Anyone who's ever had to hold on to their assets during a massive dump will be aware of that urge to sell at a loss.
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bhabygrim
Sr. Member
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Activity: 994
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Best Bitcoin Casino www.coinsaga.com
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September 28, 2019, 10:00:29 AM |
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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/Danger inside the cryptocurrency investing is , Investing without a plan just joining because it is on trend or investing without even considering the risk. We shouldn't just invest in something just because we have seen someone gain from it we should also know the risk and do some plan in order to have a successful investment. And always remember that invest only what you could afford to lose, I don't think that it would be a good idea to invest your life earning or saving or even take a loan , Because those idea could really destroy you if your investment go bad.
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shoreno
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September 28, 2019, 10:00:37 AM |
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I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
government banning them in a bad manner ? i didnt know that banning can be a good or bad. what i know is that once they ban it , they are bad because they dont hear what others are saying or feeling. they didnt know that people actually loves to use cryptos. about the other one , price going up and down . that is normal because cryptos built that way except to those stable coins . this can be taken care of , like what you said because people can hold to not loose when the value is down or they can also buy . then they can sell once the value goes up
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boris2470
Jr. Member
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Activity: 113
Merit: 5
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September 28, 2019, 11:12:31 AM |
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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/Is it necessary to start with large volumes for investment? In my opinion, to gain experience you do not need to take loans and invest. For trading, it is also enough to start from a sum of about $1k. It all depends on how you analyze the market and act and not on the amount of investment.
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coolcoinz
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Activity: 2632
Merit: 1104
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September 28, 2019, 11:59:32 AM |
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IMO the only danger in crypto investing that does not depend on you and your knowledge is manipulation, especially from the government. Without regulators Bitcoin would be progressing in its own pace and I'm willing to bet a lot of money that it is going to be successful anyway, even with all the regulators and FUDsters. Currently I have more that 90% of my money in cryptocurrencies (mainly Bitcoin) and maybe 5% in fiat. I haven't taken any loans, it's money that would otherwise be in a bank and I prefer to keep it in crypto because the interest in a bank is a joke. So far this has been working out pretty well for me and if someone asks me I'll honestly tell them to buy bitcoin. The ups and downs you see on the daily chart don't matter. Buy, hold, forget about it, and come back in a year or two.
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yazher
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September 28, 2019, 12:51:05 PM |
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The danger of investing in this industry if you went too far like for example selling something valuable just to earn big when a bull run comes. No one in this community can tell you the exact date of bull run cause everyone is waiting for that moment too.
The problem here is If those people say some hype about the happening of the bull run where $1,000 can turn into $10,000 in a single week. these ignorant people make a decision so fast and sometimes they went too far by selling their house or some personal properties just to buy bitcoins.
In worst cases, they went to take some loan to buy it without even thinking about the possible consequences. If you already bought some with all you've got and you see the price has become higher before you bought it, you really need to think about selling it right now because you may not have a second chance to see a price like that.
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bitcoin31
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September 28, 2019, 01:54:54 PM |
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Cryptocurrency investment is very risky, I strongly do not recommend to investing if you do not have knowledge about cryptocurrencies. because out there, there a lot of fraud, scams and cybercrime, cryptocurrency investment without knowledge you will be an easy target. better do a research first so you know, how investments work, how to avoid fraud and cryptocurrency that is worth for investing in.
Having a knowledge of a person when they enter to the cryptocurrency can prevent him to lost his capital or the money that he use in investing to cryptocurrency. We know there is a lot of danger in cryptocurrency and better for every investors to aware of every ways that have possible to lost. But if the investors avoid all the scam or any bad investment the good profit they get for sure. Knowledge is very important so keep learning is needed even a person who lots of knowledge in cryptocurrency they still researching and discovering new knowledge that can help for them to grow and to use so they can be able for them to get more money.
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doomistake
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September 28, 2019, 03:06:58 PM |
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I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
The reason behind this sudden price drop of bitcoin is because China banned mining(if I'm not mistaken) correct me if I'm wrong, and hashrate's dropped. I just want you to know that these are just normal scenarios, that bitcoin's price is going up and down from time to time because of its volatility, making it harder to predict. There is no danger in cryptocurrency, because this bearish market is also an advantage to the poeple whow wants to invest in cryptocurrency. and in no time, bitcoin's price would go back to normal, I hope the bull is coming soon.
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rafajunior99
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September 28, 2019, 03:24:42 PM |
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The danger of investing in the world of Cryptocurrency in my opinion is, there are many risks that we do not know about the world of Cryptocurrency in investment, because prices cannot be predicted briefly without knowing more clearly in exchange, and not to mention the theft of money that you invest when a fraudster shrinks in what that you have invested, so basically if you want to invest in Cryptocurrency you must have good knowledge and experience to do it.
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drumamat
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September 28, 2019, 03:33:11 PM |
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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/It seems to me that those who take money on credit in order to buy cryptocurrency almost no.People still got smarter over time.Who still decided to take out a loan-you have to understand that you very much at risk of losing their assets.Volatility is both good and bad.But in this case - badly.
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NewBet
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September 28, 2019, 03:34:35 PM |
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Day trading is a risky proposition in the cryptocurrency space. the swings are so large that you never know what is going to happen on a day-to-day basis. It could be that the price Rose then you sold only to lose all your money because you were trying to get a 1% profit, but you have to buy it at a higher price because you made a mistake.
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kr105
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September 28, 2019, 04:27:21 PM |
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Making investment by using your savings is never an easy decision. All kind of investment methods have some potential risks. But i think the most risky part of crypto is volatility, prices can start to drop suddenly. You never know what is waiting for you tomorrow because there are so many aspects from all around the world can affect the price. But i don’t like to talk negative stuff only. Crypto market is full of surprises and taking some risks might help you to get some earnings in the end.
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skarais
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Merit: 2134
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September 28, 2019, 05:22:51 PM |
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Day trading is a risky proposition in the cryptocurrency space. the swings are so large that you never know what is going to happen on a day-to-day basis. It could be that the price Rose then you sold only to lose all your money because you were trying to get a 1% profit, but you have to buy it at a higher price because you made a mistake.
The risk of cryptocurrency trading is loss. Daily trading carries a higher risk compared to long-term investment. As you said, price fluctuations at any time will be very draining patience if we do daily trading. Without knowledge, the risk of loss will be even greater.
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marcuslong
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Activity: 1036
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September 28, 2019, 05:25:26 PM |
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The dangers in cypto-currrency is if you trade or invest all of your money even if you don't know how it works. Like me, in my first investment I trade and invest my money. And I thought that it simple to buy and hold coins. But when bear market hits the market it's hard to see that your investment value lose.
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CLS63
Legendary
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Activity: 1750
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September 28, 2019, 09:03:13 PM |
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This is the basic knowledge people should know about Bitcoin and any other cryptocurrencies. There will always be risks. I absolutely do not advise any people to take huge risks and invest in e.g. all their earnings. There is always a possibility for losing all the money you invest in.
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dimastegar
Sr. Member
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Activity: 798
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Small Trader
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September 28, 2019, 11:47:11 PM |
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Recognizing risk is a basic science in crypto. I always remind repeatedly to some people I know about the risk of investing in crypto. They are interested because I can get profits from crypto and ask for crypto investments. And I always say DWYOR. Because the risk can come to anyone.
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fitty
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September 29, 2019, 12:00:18 AM |
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It will be highly risky to use your life savings or take loan from the bank to invest on crypto especially alts coins Actually I think no one would ever be using their life savings to something they are not sure that they can profit,for sure they will do some intensive study on how a thing works before throwing money in,if and only if they are smart investors.Taking a loan from bank is just advisable if youre gonna be building a business not to invest onto something
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Leyss
Member
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September 29, 2019, 11:55:08 AM |
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Cryptocurrency always represents and will present moderate risks for investors. As a matter of fact, any commercial activity is fraught with the danger of losing the money invested in it. Cryptocurrency can be considered one of the types of commercial activities. As in any other activity, for it to be successful, it needs to be well studied. However, I do not recommend taking a loan to engage in cryptocurrency. Cryptocurrency is very unpredictable in its price. Here you cannot draw up a business plan, as in another type of commercial activity, and calculate profit in advance. Even if we are sure that in a certain period the cryptocurrency will grow in value, it will always be just one of the options for the development of events, but in reality it may turn out to be completely different.
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qiwoman2
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Oikos.cash | Decentralized Finance on Tron
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September 29, 2019, 12:19:06 PM |
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It's extremely risky and since losing most of all I earned in 2016/2018 by reinvesting and holding and putting in some centralized as well as decentralized projects, I have come to the conclusion that if you want to burn your money then invest. I prefer from now on to just earn my crypto and see if I can convert it to stable coins to earn interest, as fiat devalues if you have it in the Bank. NEXO gives good interest in stablecoins if you house them there, then you just take to the bank what you need for living expenses. This is my plan for the moment but as for investing, will only invest in projects that will give me a decent rate of return and they need to be really legitimate projects with transparent and opensource stuff going on that we can all view publically with no hidden agendas.
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