Investment in cryptocurrency

[Asuspawer09]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

Cryptocurrency is a good investment but I suggest having research before investing because investing in cryptocurrency or in bitcoin is a big risk and a lot of times investors could easily lose their money in crypto.

After your research or maybe a friend could help you to invest you could find a wallet to put your cryptocurrency or either find an exchange where you could trade your altcoins.

You could buy and sell cryptocurrency in an exchange and make a profit in it by buying low and selling it at a high price just like a stock market or a business.

[skarais]

Nothing can really guarantee you a profit from this investment if you don't have a good understanding of crypto yourself. Your friend has advised you to invest in crypto, but he himself cannot guarantee that your investment will be successful without knowledge. There is no point in randomly investing in crypto as it can consume a large part of your capital with volatility. Consider low volatility assets if you are not familiar with crypto and are spending a little time learning about proper crypto investing.

Bitcoin is a safe investment instrument for potential investor to pay attention to, but with a high risk. If you can't afford to take the risk, don't invest here. The best advice for investing in my opinion is "don't be swayed by the words of people who say that crypto can provide huge return for investor, but always consider risk before wanting to profit".DYOR

[akirasendo17]

You are in the right place to ask this questions, to invest in crypto currency you need first need to know where to invest you money or savings
1. First thing is you need to have wallet address, you can choose for bitcoin or ethereum this are the top coins that are mainly use for exchange.
2. Then the second one is you need to deposit money to exchange it to either of the two in step 1.
3. Now you need to deposit it in an exchange if you are interested in trading.
4. There is a choice for this keep it in wallet or do step 3.
5. This is very important, don't just put your money or bitcoin or ethereum to invest in unknown coins saying 100x profit, remember that there is always risk.
6. Investing in crypto takes time , and sometimes the price plummet, so always have a strong heart or else, you will loose.
7. Don't let others scam you , with sweet promises or words
if you really don't know what to do there are always do research and create topics so that we can help you out,
Good luck i hope you will be successful
 

[CryptopreneurBrainboss]

Your question has to be addressed with caution because no body knows the real intention behind you asking such question. Were you referring to it been safe from political manipulation, safe as in regards to it been a store of value or been safe from the hands of criminals etc. The fact is no currency or asset is safe from any of the above highlighted worrie.

But the one advantage the industry (most especially Bitcoin) has over other traditional asset is, it give you the power to your finances which means you're in charge of making your assets safe. In the scenario of the market getting manipulated, you have the power to either sell or abstain from such temptation. Investing in cryptocurrencies is a high risk high reward game but that doesn't mean you can't outsmart the system.

By holding just bitcoin and staying committed to just acquiring sats, you can easily avoid having to make decision that would either cost you in future or put you at advantage over the market. Before adventuring into any business, make it a priority to understand what that business is all about meaning you should always do your personal research and not depend on what others tell you but can use those advice/suggestions as guides.

[lovesmayfamilis]

There have always been risks of investing in cryptocurrency. But as described above, the most competent act would be a thorough acquaintance with the theory. So that after you can safely move on to practice. It is necessary to weigh all the advantages of the disadvantages of cryptocurrencies, as well as learn about the principles of digital assets.

Today, there is no such currency that could guarantee 100 percent instant profit to investors. However, all the coins that are in the top meet some positive selection criteria. The most important thing is to understand the risks associated with the dishonesty of currency creators. It is possible to increase your capital prospectively only if there is a good store of knowledge in the financial sphere, as well as a clear understanding of your further actions.

[YOSHIE]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

Before you invest your money into digital currency / crypto, I want to show you a little about: Regulation of Cryptocurrency Around the World, This rule depends on which country you live in and you can find out everything related to cryptocurrency.

After you know all about the law and everything related to crypto, you just make the decision to invest and trade what you want to do.
You can see and choose a crypto trading site below.

The Top 10 Bitcoin And Crypto Investing Sites

So you can ask your closest friends the best platform in your country that you can invest your money in.

[acroman08]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

if you have no idea where to invest it, then don't. your friend suggested but it doesn't mean that you have to to do it. but if you are interested or at least curious. learn it, search it, etc.. and if you think you are confident about your knowledge then try it. start with a small investment and increase the investment if you think you can and comfortable with it.

But my query is cryptocurrency safe?

if you know what you are doing? then, yes. but if you don't? no.

[Maroons]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

if you have no idea where to invest it, then don't. your friend suggested but it doesn't mean that you have to to do it. but if you are interested or at least curious. learn it, search it, etc.. and if you think you are confident about your knowledge then try it. start with a small investment and increase the investment if you think you can and comfortable with it.

But my query is cryptocurrency safe?

if you know what you are doing? then, yes. but if you don't? no.

This has to be the most accurate answer to the OP's question, once you don't have any idea to what you are doing no matter what it is it will always lead to failure for you do not have a good grip to the nature ofnthe world you are entering. I agree that you ahould learn it first because maybe the time you hear that cryptocurrency is very volatile you might quit thinking about crypto, learn the whole nature of crypto and is to why it is very volatile and if its going to really give you the investment that you have in your mind because you might experience the expectation to reality thing, learning crypto will make you see its reality.

[blckhawk]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

That's is quite risky I'd say. Investing in crypto using your savings is not a bad idea but if as what I have said it is risky so if you cannot afford to lose it then much better if you will invest in something else like stocks. Or perhaps learn more about crypto first before you invest. Personally, investing in crypto was definitely one of the best, however, without enough knowledge would only put you at risk. Regarding your query, it is definitely safe as long as you have enough experience and knowledge. One last thing if you want still to invest in crypto, top tier coins would be good to place it at such as Bitcoin Ethereum, and more.

[Assface16678]

1. What kind of coin does your friend talking about please specify.
2. Does your friend inform you that there is a chance you may lose money because of the being volatile of the market?

These are the common mistakes of the newbies they are getting dependent on the people and do not secure if this is true or not. Also, the problem you are facing is risky because not all the time the market of the crypto is good positions.

So right now you made a research to open up your insecurity about cryptocurrency if you are wanting to use a bitcoin to store your funds right now I recommended you use an electrum for sure this is the wallet mostly recommended by the other members too.

[Text]

2. Does your friend inform you that there is a chance you may lose money because of the being volatile of the market?

You got it!  This is what I forgot to say.  It is really important that he should know this on the other side as well.  It is not only positive that you can please when it comes to investment.  So that he does not expect that he will always earn something.  I think he should also be prepared for what might happen when he enters this trend so that he has nothing to blame when it comes to the end.  They say that entering this kind of income is only for risk-takers.  Not only that, but it is also important to have the proper knowledge.

[gagux123]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

There are several factors to be analyzed
I advise you to study about cryptocurrencies, how they work, what is bitcoin / altcoin, how can I store my cryptocurrencies (cold / hot wallet)
Research in general how everything works, and if this type of investment fits your investor profile. I think it's interesting that you buy some bitcoin to see how things work in practice
One thing I say, in cryptocurrencies don't invest what you can't lose, because the market is very volatile

I'm glad that I can help 

[aioc]

I want to invest my savings but I have no idea which is best place to invest some money. One of my friend suggest me to get a cryptocurrency. But my query is cryptocurrency safe?

I advice that you study first or have a knowledge first on how Cryptocurrency works, investing in Cryptocurrency is risky because of it's volatility do not invest on suggestions and because your friend told you to invest on certain coins, do your own research and see if the coin he is recommending you is really worth investing, it's not always profit.