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Author Topic: The risk of investing in cryptocurrency  (Read 251 times)
gantez
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January 30, 2020, 07:56:52 AM
 #21

Every smart investor knows that with every investment there comes unavoidable risk, so the investing rule #1 is: Never ever invest more than you can afford to lose.

However, the higher the risk is, the higher chances of profit are. Of course, the Bitcoin is way less risky than altcoins, however, Bitcoin and cryptocurrencies as a whole seem very risky compared to even Forex, which is much more predictable than crypto.

The more you invest, the bigger likely profit is, but if you are wrong, the losses are bigger as well.

What are your opinions in cryptocurrency and risk?

Since you made a kind of comparison between bitcoin/cryptocurrency and forex trade, I will say that the risk in crypto is that you don't and can't have the opportunity to make profit while price is going down. But this is not the same case with forex. In forex, there is adequate opportunity to make money when price is deprecating. In fact, that is the purpose, to make profit both ways.

Therefore. in crypto, you can lose the value of unit of coins you have as price stays down.
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January 30, 2020, 06:18:18 PM
 #22

We have many impatient investors that are too afraid of everything, the real truth about crypto is there is always time to make profit, you only lose when you sell at a loss, there are opportunities in every corners of crypto space, just don't put your eggs in a basket and use diversification instead
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February 01, 2020, 11:24:36 AM
 #23

This have been said many times on this forum already, cryptocurrency investment is a high risk investment plan, you have to be ready for any possible out come, to get the best result you have to be willing to learn and the most important part is investing what you can afford to lose
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February 02, 2020, 10:25:38 PM
 #24

Hello,
it exist a risk to invest in cryptocurrency but the risk is real for all currency (fiat or crypto). The BEST solution is already invest what you can lose (the worst result). With all types of crypto currency, it's very difficult to knows the future for all. The most crypto lose but when it's grow up it's exponential.
If the project is good for you with all verifications (team, project, budget, ...). You will earn more with altcoins but have a good feeling !!!
#relictum.pro #relictumpro #relictcoin
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February 03, 2020, 02:11:45 PM
 #25

Of course it's risky. Who isn't ready to take chances stays away from this kind of investments. It's all a matter of your mindset. If you want to win, be ready to lose. And don't invest everything you own, too!
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February 12, 2020, 02:50:04 AM
 #26

Well, I realize the risk and I am ready to take it. I never use the money needed to cover bills or to pay for my child’s education, but I invest in crypto permanently.

Tha's a clever decision, investing in Crypto now is like investing in the domain names's boom in 2000, as long as we are responsible and e only invest the amount we are willing to risk or lose if that occurs.
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February 12, 2020, 05:50:15 PM
 #27

The biggest risk are emotions and lack of knowledge. The lack of knowledge could lead to things such as believing that a shit coin is going to be big. And emotions can cause you to panic, whether buy or sell.
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February 14, 2020, 08:12:13 AM
 #28

Every smart investor knows that with every investment there comes unavoidable risk, so the investing rule #1 is: Never ever invest more than you can afford to lose.

However, the higher the risk is, the higher chances of profit are. Of course, the Bitcoin is way less risky than altcoins, however, Bitcoin and cryptocurrencies as a whole seem very risky compared to even Forex, which is much more predictable than crypto.

The more you invest, the bigger likely profit is, but if you are wrong, the losses are bigger as well.

What are your opinions in cryptocurrency and risk?
You've already said it the bigger you invest the bigger your profit/lose would be.
The only difference is in crypto we could always make our own way to cut lose and to earn more if we know how to trade.
Don't rely on investment schemes,Fake mining ,Pyramid schemes doubler or any kinds of investment in the internet,Learn to make your own money grow.
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