Is Cryptocurrency a Good Investment?

[Ararbermas]

Of course it is. that's why a bunch of people always going crazy when market drops because it's a good opportunity to make good profits wherein even it's short term or long term. But remember it depends on what crypto currency where do you want to make investment, and also don't just rely on what's others thoughs and positive news about some projects out there, wherein always make research because that's the most important to determine if the coin is good or not.

[Distinctin]

Cryptocurrency is one of the biggest investments at the present time. The growing number of investors gives you the proof that this is a good investment but behind those opportunities, the risk is there. All investment corresponds to risk but crypto is riskier than the other due to its volatility feature. I don't want to believe in me and consider that I was an influencer as it was you to think it if I am telling the truth or not. Of course, you need to do a search in order for you to know more about crypto and to finally make a decision.

[batang_bitcoin]

For me, Yes! Many people get rich by investing in cryptocurrency and now even the millionaires and billionaires have invested in crypto which is the proof that investing in crypto is really good and profitable if you have knowledge about it.

But I wouldn't have that introduction to anyone who's wanting to invest in cryptocurrencies. He/she might believe that he can be a millionaire someday by just doing nothing. That's the mindset of what I've encountered in the past. I'm very optimistic with those talks that I did in real life and dealt with my friends and they seem to be disappointed when the market starts to correct just as what's happening today. I guess it's not enough to say that there really were those people that became rich through cryptocurrencies but let's also say that they took a big risk from reaching that point and it's not just all about being rich quickly.

[Fivestar4everMVP]

As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places.
But it still won't be a bad idea to diversify ones investments, as we all the one of the financial rules states that we should never put all our eggs in one basket, so from this, I believe that it's wise that as one is investing in crypto currencies, he or she should also try to invest in other financial sectors too like forex, stocks, real estates and so on, as my people normally say, one does not chase masquerade while starting in one spot.

[kawetsriyanto]

If you truly know about crypto, yeah this is a very legit and promising investment both for the short term and also long term. However, if it is only following other people and you don't really know about it, it may be bad for you. high risks, and also panic situation.
Crypto is not something easy and not the thing that will lead you to be rich very easily at this moment moreover during this crash market.
HIgh risks.
however,r if you are really going to learn at first and decide to be ready with the risks, I am sure that you can start with the top coins as you said. And be sure that you don't only follow the hype.

[CryptopreneurBrainboss]

Is Cryptocurrency a Good Investment?

Without mentioning any project, the industry has proven to be the best investment in the last decade with majority of the project been very successful that if you have have invested some few hundred dollars by now you probably would had been thousands in profits.

You have to be very cautious though when choosing the project to invest in as blinding following a project merely because it's been hyped is a wrong way to invest that most likely will end you up in losses. Choose project that have very strong fundamentals and community.

Not all top projects today will be in their positions in years to come but only very few will still retain their positions which some are Bitcoin and ethereum. Irrespective of what you buy try to make sure you have these coins in your portfolio and then other projects you must have researched on.

[GreatArkansas]

As per the question on the subject, crypto currency is a good investment for me, atleast, I've gained some good money from it, much more than I've ever gained in other places.
(....)

In this case, we should aware of some of the scenarios or events on entering an investment in crypto, like the time of investment, when he/she will start putting his/her money on crypto. Because there is always a huge possibility that he may lose his/her investment because of suddenly drop of the price.
So for me, cryptocurrency is a good investment once you will know how crypto works, what are the risks and positives of investing in cryptocurrency, so you will understand how your investment will go, in good or bad.

[imstillthebest]

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

this dont needs to be asked . crypto is a good investment but only if you will chose the best cryptos   .  your list consist of top cryptos but still of them is being called as a shitcoin .
 you know the coins like xrp , doge and maybe eth ? theres some hate in tether but for me this is helpful , you will be needing this in this volatile world of cryptos . for cardano , this coin is getting noticed .

[Kelvinid]

I think someone just needs clarification if cryptocurrency is a profitable investment or not. People who have been in this community for many years (especially for the pioners) they can justify how it changes their life. They can't be millionaires but for sure they are improving their lives because of this.

Well, I don't brag at people and think like that because not all have come in this investment able to survive and make good money, many of them are also quitting due to unfavorable results. So, even though I said it was a good investment but couldn't make sure that it works for you then since it matter on the way we manage our investment and most probably, we are not the same.

[Mpamaegbu]

If you've a shock absorber (so to say) to withstand shock of loss (that will surely come with time), then you're good to go with the risk of investing in cryptocurrency. I had to put it that way, not to scare anyone but, because of the volatility and uncertainty that come with the industry. To be on the safe side, a lot of investors like going into Bitcoin, ETH, BNB and the top listed tokens. It doesn't mean that the lesser tokens aren't safe too. In fact, the lesser tokens are known to even give more ROI than the top listed ones only that top ones are believed to be more reliable not to exit as scam. However, just DYOR before casting your cash on any.

[rhodelmabanal]

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

I think crypto is a good investment but sometimes profit depends on the coins that you choose. If you pick a right coin you will earn a profit depending on how you handle the buy and selling process. The coin that you mention is a good coin and it is already well known to crypto investors so i think that's a good coin to invest.

[romecheo]

Many who invested on cryptocurrency made a huge profit, I am not saying, just buying top cryptocurrency listed on CMC will definitely make you rich,

You also need to invest in learning, for the past few years, I have seen, there's a lot who make a good fortune with these.

And besides, most of the cryptocurrencies, you have mentioned are good choice.

[danherbias07]

I pick Bitcoin, Ethereum, and Cardano in your list. I am sorry about Dogecoin and XRP but those are not in my lists of good investment.
Dogecoin was just hyped by Elon Musk and there is no project to back it up. So, in the long run you might end up just losing everything.
Not preferred for holding. Same goes with XRP, hyped because of their SEC issues about securities.
BTC had all the reason to be kept, I mean just look at the market today, everytime BTC moves every known altcoins is being dragged by it.

[clorasteinberg]

Of course, it is but only if you understand it well. The crypto investments can get riskier with time. So, you better learn and enhance your understanding of the market to take advantage of the market movements.

[SacriFries11]

We've seen visible proof from long term traders and investors that investing in Cryptocurrency is really profitable. People who have invested in it could prove it since they already experienced gaining a good profit out of it. However, we couldn't disregard its risks since it's too different from other investments because of its volatility. Cryptocurrency is actually multifunctional and it provides lots of opportunities.

If I have strong hands not able to sell my tokens and just hold them since 2017, I gained a lot of profit right now. I used to have some tokens that have big value right now. Tokens that I didn't imagine that it will become a huge project right now. Cryptocurrency is really a good investment, as you can see right now even rich people and companies all over the world, see the great value & potential of cryptocurrency. If long-term investment, it really worth it. You cannot denied the fact that it also help a lot of people from being poor and now they already have a good status in life. It's a huge opportunity for us to know this technology. Start to invest in NFT related projects, they are the next big thing in crypto space.

[molsewid]

Cryptocurrency is one of the biggest investments at the present time. The growing number of investors gives you the proof that this is a good investment but behind those opportunities, the risk is there. All investment corresponds to risk but crypto is riskier than the other due to its volatility feature. I don't want to believe in me and consider that I was an influencer as it was you to think it if I am telling the truth or not. Of course, you need to do a search in order for you to know more about crypto and to finally make a decision.

There's no doubt about it mate i mean investing in cryptocurrency now is the most in and in trend. Now almost everyone are preferring to invest in their favorite coin also lets add the fact that the growing number of investors of crypto are exponentially going up and not just that those investors that being attracted to invest in cryptocurrency are one of the one of the richest in the world and other well-known personality in business world.

[South Park]

Cryptocurrency in India: Today, some of the most popular cryptocurrencies are Bitcoin, Dogecoin, Ethereum, XRP, Tether, and Cardano.

That depends on what you mean, bitcoin has proven to be a great investment since the beginning so the answer is a clear yes as I think that any one that buys now will obtain great profits during this year, there are other good coins like ethereum and the like, however there are some awful investments, one of them is XRP, the coin despite the incredible bull market we have went through was not even close to reach its ATH and there is a pending case against it, tether is also not a good investment since you are basically holding dollars with the added risk the company behind it could disappear.

[kapalmabur]

To answer your question, yes cryptocurrency is a good investment, remember that a lot of people have their lives turned upside down for the better and a few for the worse because of investing in cryptocurrency. Plus, you don't need a lot to invest in cryptocurrency, just put some kittle by little and wait for the prices to go up and then reap the benefits.

Even so investing in cryptocurrency is not as easy as one might think,
besides that the risk of investing in cryptocurrency of course very large so if we are not mentally strong I do not recommend investing here,
actually people whose lives are better because investing in cryptocurrency of course it takes hard work and obviously we can't get it quickly

[AakZaki]

Good for those of you who can survive and make a profit. Bad for people who give up and lose. I think there will be two opinions like this. For myself, crypto is a good investment, provided you understand its nature. In the end you are able to take advantage of its properties. Moreover today more and more token coins don't have to be ETH, XRP or other old coins. I think investing in the moment is a new technique nowadays. Even some tokens have gone up by thousands of percent. But remember you have a risk that you have to accept.

[maxreish]

Choosing good and potential coins like what you have chosen is one of the many reasons why crypto investments considered good. And good management with your picked coins should integrate, too. As long as you are in a profit, whether those on top CMC coins or not, profit is more important than being deficit.

Honestly, ive been investing cryptocurrency many years now and I can say that it entirely changed my life.