Is Cryptocurrency a Good Investment?

[Pamadar]

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.

Using their spare money that will work for them, just invest and hold then do nothing,

In the long run the market will bring them huge benefits but it's not easy as it is, knowing those people who don't believe this venue
they'll rather to look for other types of investment than risking their money inside this market. we can't for them as the mindset that
they've got is far different from how we seen this opportunities that crypto provides.

[jossiel]

It's easy to see the investment that you've got to drop if it came from bounties or airdrops.

You only used your spare time but zero amount of money to start with. That's the feeling when you've taken it easily from those but in serious note, if you've invested with bitcoin and it drops.

You might feel emotional and might do a quick panic sell.

yeah totally..I feel sad too if my airdrop goes to -80% lol

It's more exhausting to trade/invest on our own money, tried a few times, can't stomach it better than money from the airdrop.


So I just stick with what I do best, doing bounty and airdrop. Casually throw some of my own money too, but rarely.

The difference of trading coming from your money is that you need to be sure with your every trade and you'll have to think that there's no space for making a mistake.

If you do, then you lose your money.

But using your rewards from bounty, whether you lose or not, you won't feel bad because you've taken zero money off your pocket.

[bonghip]

Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.

P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky

[DarkDays]

The best investment choice, no need to hesitate and no need to worry too much about this.

I wonder if anybody has come across something else that can give as much return as crypto investments does without having to wait for several years before gaining that profit!

From my experience nothing has even come close to it. Sure, there's risk due to the volatility but sometimes there are risks worth taking, and to me crypto is a perfect example of this.

[nowlscor18]

The best investment choice, no need to hesitate and no need to worry too much about this.

I wonder if anybody has come across something else that can give as much return as crypto investments does without having to wait for several years before gaining that profit!

From my experience nothing has even come close to it. Sure, there's risk due to the volatility but sometimes there are risks worth taking, and to me crypto is a perfect example of this.

Yes, I agree, investing in cryptocurrency is taking a risk of something you don't know if it will really give you a good profit or if it is really worth it. But for me, yes cryptocurrency is a good investment especially to those people who are not afraid on taking risk or they are already into it. It was a good investment to those people who understand how crypto market runs and understand or have the knowledge on what to do during ups and downs. Cryptocurrency is a good investment to those people who are willing to wait and have patience. It was a good investment if you invest it right especially there are lot of scam projects and the cryptocurrency market is flooded with low-quality coins. If you invest, wait to the opportunities when markets already correct especially their prices.

[Lakai01]

It is such a shame that this has happened because not only they invested in a coin that is not the worst that we have here in the market but it is really far away from being the best
-snip-

That's just the problem in a (currently) unregulated market like cryptos ... Everybody can advertise for anything and doesn't have to fear any consequences. This would not be possible in the stock market, for example, or would result in severe penalties if advertising was done and the price then plummeted massively - as is the case with Doge.

I'm not even accusing Elon of malice, I just think he likes the fact that he can manipulate the market like this and does it primarily for fun.

[Scarlett7777]

Re: Is Cryptocurrency a Good Investment?

Investing in it's entirety is mostly subjective. I could think $AMZN is a good investment, and you may think it's not; and it's the same for literally any other asset in general. The only way to find out is to do your own research and go decide for yourself.

Yes, I entered the cryptocurrency circle since 2017. I deeply believe that your perception determines whether you can discover some opportunities. As far as cryptocurrency is concerned, although it has a history of 10 years, But there are indeed very few who can really understand, and there are also a few who can have wealth here. You must continue to learn and experience to have a more comprehensive understanding of cryptocurrency.

[ven7net]

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

Of course, investing in cryptocurrencies is profitable, but you need to choose the right time for this, choose good cryptocurrencies and have a clear strategy. If you invest simply without these at least three factors, then there is a high probability of losing your funds. If we talk about investing in cryptocurrencies right now, I think now is a good time for this, since there is a high probability that by the end of 2021 there will be another growth phase. All that remains is to choose the right cryptocurrencies for investment and have your own strategy for holding down and then selling purchased cryptocurrencies.

[doomloop]

Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.

P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky

Exactly and for some reason, new traders feel like every coin is worth investing until they face the raucous reality. It's true that crypto investments are much more worth than non-crypto investments because the market is still expanding but that doesn't mean all the projects are legit and all the promises are true.

If you invest in a serious and legit coin then even 100x is possible but if you made a mistake and invested in either a not-so-serious project or a meme coin, then only Elon Musk God can save you.

Crypto investment is profitable but the precautionary measures you need to take are more than you take in the stable stocks market.

[zanezane]

It's a bit of both yes and no, because I think that before investing on crypto or even at anything, you should do your own research and learn as much as you can before jumping in and then when you do it, cryptocurrency becomes profitable.but if you are just in it for the quick money grab, then there is a likely chance that cryptocurrency will not be profitable.

[pragna]

I think in year 2021, no need to say that crypto investment is one of the best investment where huge investment came from year 2020 and market also are in good position. Yes this market is too much fluctuated and more dangerous also but where there is risky, there is more possibility also. So be positive here.

[sarmrakib]

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.

Yes, I agree that cryptocurrency is a good investment but have a high risk also, you maybe win big and lose big. But still it is a great investment if you know how to run this and what is the process to gain a high profit. But, just like how other people define cryptocurrency as investment, some of them says it was good and the best place for investment but some of them says its not because there is a possibility that you might lose such a big amount of money in this. Investing in cryptocurrency might be hard since you need to research a good coins where you can earn a high profit but you should be aware with the risk. Don't invest something if you don't really know what to do.

We all know that crypto is one of the best platform of investment .It is bestter than stock market ,Forex and commodities etc .Crypto market is always high volatile that's why its a platform where we can earn quickly even we can loose quickly as you said .Actually we need to study more before enter on the market and its always better to hold for long term it helps us to get a almost sure profit .I think India has got that the next world will be on crypto that's they make decision not to banned its a great opportunity to get a big platform to invest .So the investor get a good chance to earn more from here .

[molsewid]

I think in year 2021, no need to say that crypto investment is one of the best investment where huge investment came from year 2020 and market also are in good position. Yes this market is too much fluctuated and more dangerous also but where there is risky, there is more possibility also. So be positive here.

There's no need to talk because the success of the crypto early adopters are the main voice to tell that it is really good to invest in cryptocurrency. Yes, it is risky but if you would choose to play safe and not going to try to take the risk you will going to miss the chance to ride on a rocket. I'm a newbie crypto investor today and one thing i could only say is that i missed many chances to get started earning a knowledge which I bet i took advantage first thing first when I heard about crypto, especially bitcoin.

[jossiel]

I think in year 2021, no need to say that crypto investment is one of the best investment where huge investment came from year 2020 and market also are in good position.

Just so you know, we're already in 2021 and less half of the year until this year ends.

Yes this market is too much fluctuated and more dangerous also but where there is risky, there is more possibility also. So be positive here.

You're saying that there's a balance on the market and that is true. But if you don't think that there's no need to say that crypto is the best investment. It's your choice not to say it if someone asks you.

[dezoel]

Cryptocurrency is a good investment if you invest it right! It's really not as easy as you and many people think. The cryptocurrency market is flooded with low-quality,scam projects; and investors' job is to find information, then select reliable, high-quality projects! Besides, I don't think investing when the market is Fomo, waiting for opportunities when the market corrects.

P/s: It seems that your suggestions are all Top coin. It is suitable for those who want to invest for the long term, Doge seems quite risky

Exactly and for some reason, new traders feel like every coin is worth investing until they face the raucous reality. It's true that crypto investments are much more worth than non-crypto investments because the market is still expanding but that doesn't mean all the projects are legit and all the promises are true.

If you invest in a serious and legit coin then even 100x is possible but if you made a mistake and invested in either a not-so-serious project or a meme coin, then only Elon Musk God can save you.

Crypto investment is profitable but the precautionary measures you need to take are more than you take in the stable stocks market.

The reality of the matter is that there are people who would like to get rich, and get rich quick and bitcoin can't give you that. Unfortunately there are copious amounts of people in the world that sees bitcoin and crypto as a get rich quick scheme and they want to get in, make money in a day and get out and never work again, which we as people who are veterans with experience know that is just a silly approach to crypto however that doesn't change the fact that there are some idiots like that.

So what we should teach people is that bitcoin and crypto in general is not a place to get rich right away, nothing in the world is, maybe one in a million chance some people can get lucky but that is highly unlikely not going to be you. That is why people should stick with crypto that is valuable and invest into those coins to make a good return.

[AmazonPrincess]

Cryptocurrency is a good but volatile investment. As we saw over this past 6 months bitcoin (as an example was as high as $63,000, then it dropped to about $29,000.) When professional traders, like those who trade commodities are looking for opportunities in volatile markets they will use a hedging strategy to manage drawdowns but still profit from the expected positive trend.
It's not sexy, but it works.
There are bitcoin options and starting to be some in ETH as well but still quite expensive. And you have to understand options to put together a sensible strategy.
This service is a AI based risk management tool that I use. They have models that work on about 30 markets including BTC, ETH, ADA, UNI, DOT, XRP etc. I use it on my holdings which are primarily in BTC and ADA.
Those models started hedging my position on May 11 and by May 12 it had put my position into USD. I look at what they are doing ever so often but what I can say is that when the market starts trending again and the models remove the hedge, I will get in at a lower price.
More BTC and ADA in my account.
It's not perfect. During a trending market you make less but my PnL is much more stable with a Sharpe Ratio of over double that of bitcoin.
https://panxora.io/panxora-labs/treasury-management-service/

 

[Helpme_please]

cryptocurrency was good for long term investment. it have high risk but if we could manage it well , multiple return we will got from crypto. there are alot successfull investor which is have gain more than 10x from initial value. If compare with another investment portfolio which have same risk , crypto currency still be best asset.

[Caldear]

Cryptocurrency is a good investment. However, there are many projects in the currency circle, and not all of them are worth investing. It is best to choose mainstream coins such as Bitcoin when investing. Such coin risks are low and can ensure the security of investment. With the continuous growth of the crypto market, investing in currency and holding it for a long time, and having the ability to analyze and identify the blockchain market, will get more profits from it.

[Yatsan]

Cryptocurrency is a good investment if you do think it really is. It is a good investment due to its volatility feature that enables it to go up and down making different opportunities for both the investors and holders. But being a good investment do also have pros and cons since in any investment, there is no such stability that you are always earning profit as you think it was supposed to be. Putting investment into crypto is worthy if you will know the best cryptocurrencies to invest with and you manage your funds on diversifying it into those worthy crypto even many people are saying Bitcoin is already enough to stand with. There are lots of opportunities scattered in this vast market so we must not just lock up ourselves into Bitcoin alone. You can primarily put the biggest part of your investment into Bitcoin then diversify the remaining part into other crypto you find worthy.

[dotcoin.info]

I think everyone on this forum will agree that cryptocurrency is a wonderful investment, however, everything will depend on the time when it is made.
Everyone should have a cryptocurrency in their portfolios, because this is the money that has a certain independence from classical financial systems. And who knows how far all this can go, the possibilities are endless.