Is Cryptocurrency a Good Investment?

[crwth]

Diversification makes sense in the case you are already happy with your wealth, after all the purpose of diversifying your assets is to protect your capital, however I hope people consider real diversification, many people in this market think of diversification as having several altcoins but still keep 100% of their capital in the market of cryptocurrencies.

Well that's true but if you check that cryptocurrencies sometimes have different reactions and responses within the market. Some don't follow the Bitcoin trend and I think it can be considered as diversification already. Technically, it's all in the crypto market but as long as it's a different coin within, I think it's okay unless you are talking about a different asset class.

Real diversification means been part of several different markets like precious metals, stocks, bonds, art and any other market you may like to form part of, however if we have not reached that stage then it could be a good idea to instead do the opposite which is to concentrate our capital in a single market and there is no better market for that than this one as the profits are on average higher than in any other market.

This choice would depend if you are really passionate about one asset class and believe you can profit from it or not but ideally, it's still better to have multiple investments instead of one.

[NewRanger]

why cryptocurrency could be good investment portofolio , especially bitcoin ? i have my personal reason to describe it, bitcoin have limited supply that is oonly 21 million, meanwhile fiat have infinity suppy. Government could print it anytime , moreover in pandemic situation they will print more and more money to give stimulus for driving economy . And also using cryptocurrency it could applied in any field due bockchain technology which is give high efficiency. SImple example if ,how much fee needed if we make millions or billions money tranfer using bitcoin? it will need only around dollars. but when using banking system , it will spend more than thousand dollar.s

[CryptopreneurBrainboss]

Seriously the risk is very high in investing in Cryptocurrency which I believe in any business there is always risk attached to it but if you can really take the risk then you will definitely make it. Investing in Cryptocurrency is a very good idea which I believe if you can buy and hold any coin listed above I believe in the next few months you will definitely be in good profit.

Not any coin buddy, some coins there have their season and if you're not active in the market, you might get dumped on and a typical example is dogecoin. If you have been following the market, at some point is almost reached 1 dollar as it was trading around the 70 plus cent price but currently it has lost most of its value and now trading below the 30cent price.

Pumping and dumping of coins are a common practice in this industry so you choosing a coin to invest in has to be a very due diligence process because of you picked th wrong project to invest basing n, you might lose all your investment capital.

Going for the top coins isn't a solution either as they mightn't stay at the top forever, if you flash back to years ago, most coins on the top 20 list based on market capitalization aren't there anymore as more superior or hyped projects has replaced them and so it'll be in the next 5-10years, Invest wisely.

[doomloop]

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

Why not? Cryptocurrency is a really good investment for sure. So anyone who is investing in them is going to benefit from it. The cryptocurrencies you have mentioned are really good, but I am not fully sure about that Dogecoin that is there, although it was bullish, but it is clear that was triggered by price manipulation.

So, you might have to avoid coins that can easily be manipulated and invest in the good ones that can be more stable. Tether is a stable coin, but you can still useit, some people use it as a savings and also to save their money when the market is bearish. Tether is a big coin and is very stable, another one is DAI. I like Cardano and I am investing in it also, and Bitcoin is always the first thing you get to know about and a truly decentralized cryptocurrency.

[South Park]

It is always good to choose cryptocurrency as your investment, there are already a lot of big stock investors who are now investing in cryptocurrency because they know now the potential of cryptocurrency especially bitcoin for investing in the long run. There are so many opportunities in cryptocurrency so always explore it and try to invest some in a good coins, it would be better if you research first before you invest in a coin.

As the crypto market continues to grow, the more it gains more potential in terms of profit gains. The stock market is still there but many had diverted their investment into crypto as these investors feel that they can make huge money here compared to the stock market. However, if we think and consider the risk here, no doubt it is riskier than the others, and losing possible is too high. But, if we know how to take care of our investment, we can minimize the chances of losing.

Losing a few trades is fine the problem is that a great deal of those that come to this market try to make a fortune quickly and this means that they take such a high risks that a single loss can be devastating to their capital, and then when the inevitable happens instead of understanding they made a mistake they try again their strategy thinking they were just unlucky, and when they suffer another loss that is when it becomes impossible for them to ever recover their capital despite the huge growth this market can experience.

[Serco]

why cryptocurrency could be good investment portofolio , especially bitcoin ? i have my personal reason to describe it, bitcoin have limited supply that is oonly 21 million, meanwhile fiat have infinity suppy. Government could print it anytime , moreover in pandemic situation they will print more and more money to give stimulus for driving economy . And also using cryptocurrency it could applied in any field due bockchain technology which is give high efficiency. SImple example if ,how much fee needed if we make millions or billions money tranfer using bitcoin? it will need only around dollars. but when using banking system , it will spend more than thousand dollar.s

uninfinite supply be main reason why we should have bitcoin as investment portofolio. it really destroy finance system which has been running for  years. Printing money by any government in the world shows how could be very rare bitcoin asset if used to millions citizen in world. tranfer fee very small even its used to send billions dollar. bitcoin really suitable used as global finance system and global trade, every single tranfer will done only in few minutes.

[cryp24x]

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

Almost the majority of the coins you stated at the above are all good actually for the long term.
Except for the Dogecoin, because this coins so far move only through Elon Musk, the one who manipulated
the price in the market volume in the exchange site platform. But of course, be careful still if you choose other
altcoins here in this field of business industry.

[Yamifoud]

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

Almost the majority of the coins you stated at the above are all good actually for the long term.
Except for the Dogecoin, because this coins so far move only through Elon Musk, the one who manipulated
the price in the market volume in the exchange site platform. But of course, be careful still if you choose other
altcoins here in this field of business industry.

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. If this will be over, and  I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.

[Tumanggor]

If given a question like this of course the answer is "YES"
Cryptocurrencies are getting more and more popular day by day, this is what makes the price of crypto assets like Bitcoin go up

Cryptocurrency will not be left behind by people who already feel profit from it
so there is nothing to worry about when investing in cryptocurrencies, you only have to choose promising crypto assets

[Reid]

It's the best option if you can risk some money in your stash.
Rather than letting it rot without movement of profits or loss (that's part of it) it's better to put it to something that might give you a chance to make passive money.
Speculations are high that Bitcoin can still reach numbers that we won't really expect to happen. i.e. $100k up
Make your research first, then pick some of those coins that you can manage to buy, I suggest Bitcoin first.

[Obito]

If you are on the long-term side of investment and you believe in the potential that bitcoin is going to go up in prices in the future then probably you can consider it as a good investment because of it's high volatility, you can get in the market at a cheap this day and then get some profit the next day or the other or not depending on how long you are going to wait for the prices to really go back up. But that volatility is something that you should watch out for too because if you aren't careful, it can wipe out your savings.

[maydna]

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

[Lakai01]

If this will be over, and  I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.

The problem with Doge is quite simply that the Elon hype has caused a lot of people to jump on board who have never been in contact with cryptos before and have at most read about Bitcoin in the newspaper. If you look at the Doge chart now, you can also see that a lot of "newcomers" have burned their fingers with it and will certainly not come back so quickly.

[Kelvinid]

If you are on the long-term side of investment and you believe in the potential that bitcoin is going to go up in prices in the future then probably you can consider it as a good investment because of it's high volatility, you can get in the market at a cheap this day and then get some profit the next day or the other or not depending on how long you are going to wait for the prices to really go back up. But that volatility is something that you should watch out for too because if you aren't careful, it can wipe out your savings.

For more than a decade of its market existence, I think it was clear enough for us to tell our self that crypto investment is worthy. Perhaps, many people had changed their life status to a better one and improve their living. But because of the massive growth of crypto, some people had taken the advantage to scam people and a reason why many had to change their minds and even think that crypto is a market of scams.

Very disappointing that there are people wanted to ruin the image of crypto and make fun of it. That is why investing in crypto is very risky and sometimes we face the consequences of losing if we are not careful in choosing coins to buy.

[justdimin]

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. If this will be over, and  I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.

I would say doge is the least worthy of a good long term investment, it skyrocketed all due to meme status it had with people and Elon Musk pumping it, nothing more. We need it to go more and more higher to keep everyone satisfied and it can't do that, it was already at the top for a while around 4th rank or so and that was it, you can't expect it to go beyond bitcoin or something, which is why doge already saw its peak and not going to see that again.

Others, the btc, eth, bnb type of high level ones are fine, those are things that we can all agree to say it is great, and I do not think that people would argue against that, it made us all money and they are all very good coins that has a very good reason to be high, not just joking or memes but actual use case where people need to keep buying to make it go up. That is why they are at the top, and very good investment for long term.

[Pamadar]

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

Lots of us who experienced good gained from this venture will attest that this venue really bring us great benefits,

People who managed to make something good out from this market as even volatility give us opportunities to earned decently,

If you focus and you really aiming to succeed from this industry, cryptocurrency is a good venue to invest your money, just have
to tie your time finding all the right information to make a good call placing your investment.

[xSkylarx]

It is a good investment as long as it is not a shitcoin or memecoin. If that particular crypto has a real project then there is nothing wrong investing to those coins. A crypto can soar more than 500% of its price after some years as long as its development is continuous. If we invested to those coins in their early stage, it could bring us a huge amount of money that could be enough to use in our retirement. Been into crypto since 2016, price is really volatile but investing to it for long term is really a good choice for me.

[abel1337]

OP didn't mention BNB, which is worth for an investment rather than having Dogecoin. I'd never think if that is not accepted in India or it was just the OP's watchlist
Anyway, we have done with Elon, Dogecoin will become dead soon, only just to happens that the market still on the bullish side that is why traders are enjoyed using Doge for trading. If this will be over, and  I don't know if Dogecoin holders were still able to keep it on their hands or they will sell and dump it.

I would say doge is the least worthy of a good long term investment, it skyrocketed all due to meme status it had with people and Elon Musk pumping it, nothing more. We need it to go more and more higher to keep everyone satisfied and it can't do that, it was already at the top for a while around 4th rank or so and that was it, you can't expect it to go beyond bitcoin or something, which is why doge already saw its peak and not going to see that again.

Others, the btc, eth, bnb type of high level ones are fine, those are things that we can all agree to say it is great, and I do not think that people would argue against that, it made us all money and they are all very good coins that has a very good reason to be high, not just joking or memes but actual use case where people need to keep buying to make it go up. That is why they are at the top, and very good investment for long term.

I also see the same thing with DOGE, Elon musk and his followers are the only ones making DOGE pump but recently we can see that Elon's tweets aren't much effective as before. Maybe due to the losses of other people's last crash that makes his old followers doubt about his manipulation. Doge isn't really the best for the long term, there are many good mainstream tokens to choose from so why would people go to DOGE for long-term investment. BTC is always the go-to in investment and long-term hold but if we talk about alternatives, ETH, BNB, and other fundamentally strong token are pretty good to hold.

[maydna]

From my experience, since I joined cryptocurrency, it is a good investment, the best if I want to say because we can make a profit after holding for a while, and it is different than the other investment. Yes, the price is too volatile, but behind that, the profit can be bigger, especially if the price can jump to the very highest price, and we saw that happen. With cryptocurrency, you can invest your money for a short-term or long-term investment so that you can take profit from that term. But unfortunately, many people are losing their money because they do not have much information about using crypto for their investment.

Lots of us who experienced good gained from this venture will attest that this venue really bring us great benefits,

People who managed to make something good out from this market as even volatility give us opportunities to earned decently,

If you focus and you really aiming to succeed from this industry, cryptocurrency is a good venue to invest your money, just have
to tie your time finding all the right information to make a good call placing your investment.

Indeed. But some people out there still do not realize that crypto is the best investment even they say bad things about crypto. I hope those people can learn and open their minds to accept crypto and invest in crypto.

When they invest in crypto, they can buy and hold and let crypto works for them. That is the only solution for those who can't learn or don't want to learn much about making more money from crypto. They still make a profit in the future, especially if they can hold bitcoin as the best investment.

[LimLims]

Of course cryptocurrency is good investment plafrorm because I don't believe Fiat but cryptocurrencies. Crypto currency is a popular investment plafrorm but only long term investment. Bitcoin and Ethereum, Binance coins the best investment coins in the cryptocurrencies Coinmarketcap.

Yes you said the right difference between Cryptos and FIAT.
Crypto trading can be considered similar as Stock Market trading but here you can control your decision and funds own way.
If you are also planning to invest on Gold rather than crytpos then i can say that go for only Cryptos.
Cryptos soon will overcome all the asset market in the near future and will stand with great heights.
So yes you can conclude that crypto is a good investment.