How safe it is to invest in cryptocurrency

[lixer]

Of course, every investment has its own risks, such as investing in the world of cryptocurrency, of course, there will also be loopholes to break into or we lose assets in bitcoin if we are not careful in carrying out intensive supervision at all times, for example, bitcoin security against cross-sectional assets is also closely monitored. by the bitcoin itself but if there is a scam then we also can't do much about the assets we have, but this is very rare in the world of Cryptocurrency

And the risk can vary, they can be low, medium, and high. Investing in cryptocurrencies can be rated as a high-risk investment, it is because they are highly volatile but on top of that, the rewards that you can expect are also higher than other investments.

There is no problem with bitcoin itself but the problem is in the exchanges, wallets and other platforms because they can sometimes be exploited however scams can be easily avoidable if you have already have an experience on this field. They are not deadly as the hacks but both hacking and scamming are not a rare thing in the crypto world but they actually happen all the time.

[Sebas.tian]

Always do a lot of analysis before investing, when we get to know bitcoin and cryptocurrencies the first thing we do is use spare money to invest, don't use main money because the market is unpredictable, I hear a lot of people stress and commit suicide because of debt and lose assets because of investing in bitcoin in 2017 and when 2018 the market dropped and this became an important lesson for us.

I agree with you, by always carry out personal research or analysis before investing to a particular coin to enable you to understand the market conditions at the moment. Bitcoin price is unpredictable, that is why is advisable to  investors not to use huge amount of capital or loan to  invest on bitcoin because the price can change at anytime either to favour the long-term investors or not to favour at the period. I believe many people has learned from other people mistakes not to use main money on bitcoin investment than to use little to invest to see what future will bring.

[lombok]

So far, Bitcoin has received the title of the best investment, which is able to provide returns of tens of thousands of percent in a matter of years. Whether or not it is safe to invest in Bitcoin depends on how we store our bitcoins.

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AFAIK, it said was one of the growing investments but it is also one of the riskiest investments. Well, we know the risk in investing but crypto is quite different and we consider the scam issue that changes and ruin its reputation.

If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).

[Webetcoins]

Don't put cryptocurrencies and bitcoin in the same basket when it comes to safety of investment. Putting money in bitcoin is very safe as long as you can accept short term volatility. If your goal is 3+ years in that time span you can be sure that either the stable average price will be higher or at least the volatility will give you some options to sell at a profit. IMO it's going to be the first option but if you become impatient there's going to be a higher price for you to capitalize on.

Altcoins are a 50/50 bet. I've seen enough of them die not to expect much. A dollar put in bitcoin is always a safer choice than that dollar invested in a pump and dump scheme like dogecoin.

Depends on the altcoin we are talking about. If this is eth or bnb we are talking about, or even ltc, then we are talking about a bit more stability compared to some of the other ones as well. LTC is not even in top 20 anymore, mainly because there are way too many stablecoins for some reason, but it is still a very solid and stable coin compared to all the other new projects.

So, what you are saying is true, bitcoin is more stable and less risky than 99% of the market but that also means that we are talking about a few coins that could be similar to bitcoin when it comes to less risk and I believe that we should consider them the same way.

[romero121]

If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).

Other than the trusted top order cryptocurrencies there is always risk with cryptocurrency investment. As mentioned more number of traditional stock investors never look for the cryptocurrency investment. In recent months this has changed and more traditional investors have turned towards cryptocurrency investment. One such happened with the statement of Goldman Sachs terming bitcoin to compete gold as a store of value, years back bitcoin was termed as a ponzi by Goldman Sachs.

With time changes have been taking place with the network, so is with the investors who once revealed negative thoughts about bitcoin.

[wozzek23]

It shouldn’t always be about what people thinks about cryptocurrency, it should be what you yourself thinks about it. I don’t really care about people’s opinion as long as I believe that something is right. Some people have a problem with seeing what is right, when they see something right they tend to condemn it and only choose what is wrong. This can be due to misunderstanding and lack of information.

If you truly understand cryptocurrency and you feel it is right for you to invest in it, then you don’t need anybody’s opinion on it. This is your own money that you are investing in the market and it it’s not other persons money, it is yours so you have the full right to do as it pleases you when it is your money.

[lombok]

If all cryptocurrencies, it is clear that investing in them carries great risks. Even many investment experts avoid cryptocurrencies, plus the many scam projects and useless tokens make cryptocurrency a ponzi paradise (although there are some good cryptos and have real use cases).

Other than the trusted top order cryptocurrencies there is always risk with cryptocurrency investment. As mentioned more number of traditional stock investors never look for the cryptocurrency investment. In recent months this has changed and more traditional investors have turned towards cryptocurrency investment. One such happened with the statement of Goldman Sachs terming bitcoin to compete gold as a store of value, years back bitcoin was termed as a ponzi by Goldman Sachs.

With time changes have been taking place with the network, so is with the investors who once revealed negative thoughts about bitcoin.

Broadly speaking, the top of the crypto market cap is the safest investment. Bitcoin, Ethereum, BNB, LTC and other top lists are proven safe and are favorites of well-known investors as you mentioned Goldman Sachs and several BTC critics who have turned pro crypto.

I think how safe we are to invest in crypto depends on how much we understand crypto and how much experience we have with conditions in the crypto market. If we don't understand what crypto is then crypto is the worst place for us to invest.

[Emitdama]

Always do a lot of analysis before investing, when we get to know bitcoin and cryptocurrencies the first thing we do is use spare money to invest, don't use main money because the market is unpredictable, I hear a lot of people stress and commit suicide because of debt and lose assets because of investing in bitcoin in 2017 and when 2018 the market dropped and this became an important lesson for us.

Not only the moment you begin but also if you are already ready at investing, it is best to always use spare money because like you said the market is not predictable and at any moment we can lose but that's okay and acceptable because it was not the main money that we use but if ever we earn a profit then that's nice. We can keep some of that profit and use that for re investing till we can grow it bigger.

It is okay to get stressed but it should not get to the point of ending your life. Money can still be replaced anyway but not our lives. It is also bad to enter because of hypes, like what happened to the people that invest in the year 2017, as it can only discourage you once the hype is over.

[Alisha FR]

Bitcoin is decentralized and Bitcoin is quite safe for you to invest. If you say cryptocurrencies are not safe at the moment because of the war between Russia and Ukraine, I think you are wrong. Cryptocurrencies have many other Altcoins, the negative problem caused is more for Altcoins centered in these two countries. Supposedly when chaos occurs the only best solution to save our money is in Bitcoin. The biggest fear with our finances is inflation after the war. The financial turmoil of our country can be seen from the experience of the First World War. Money will be meaningless, massive inflation occurs in these countries.

[Smartvirus]

Even up tontjis moment, many still look up to cryptocurrency as a bubble that is almost ready to burst. With each increase 8n price bringing it to its elastic limit. Is that really it people? Because I think not!

Over the years, I've learnt not to go both foot in all cryptocurrency but, I can't say the same for bitcoin. Although, in doing this, one has still got to play by the rules and always invest with what you can afford to loose.  This little pennies grow on you and can turn out to be what you can't afford to loose but the main idea is, at your time of investment, it was what won't cost us such and you should have a plan for your investment.

Bitcoin is relatively the safest cryptocurrency out there, truly decentralized and have been known to stand the test of time. Its the only coin I could recommend for an investment.

[Ultegra134]

I'm on Bitcointalk since 2014, but knew about Bitcoin since 2012-2013. Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.

Bitcoin, Ethereum, Binance coin, Polkadot are a few notable options to invest, however, there are plenty of others out there waiting for you to seize the day.

P.S Woo 1900th post.

[Ziskinberg]

Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.

The risk is really there, it found no exemptions in all kinds of investment but what makes this crypto investment consist of higher risk it was because of the volatile nature. However, the choice of the top coins in the market seems to be the best and ideal option to risk. Many people had lose their money in crypto because of having no idea and knowledge about this stuff, and even it is even seen in the stock market as well.
 
The investment gives no SAFE assurance as it totally depends on us but I guess working it and investing knowledge here gives some light and safety to our funds.

[Ultegra134]

Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.

The risk is really there, it found no exemptions in all kinds of investment but what makes this crypto investment consist of higher risk it was because of the volatile nature. However, the choice of the top coins in the market seems to be the best and ideal option to risk. Many people had lose their money in crypto because of having no idea and knowledge about this stuff, and even it is even seen in the stock market as well.
 
The investment gives no SAFE assurance as it totally depends on us but I guess working it and investing knowledge here gives some light and safety to our funds.

There's no such thing as safe investment, unless we're talking about bank deposits, which provide you with a tiny bit of interest every 3/6/12 months. However, there are definitely options that could be safer than others, such as investing on Stablecoin smart contracts, rather than other contracts which involve pairs with high volatility, susceptible to impermanent loss (IL).

[yazher]

Bitcoin is giving us an opportunity to save our money we are the only one who has full control of it and no banks can decline or hold it if anything goes wrong with ourselves. The authority cannot force us to withdraw it from our wallets even though they know the balance inside, they are just totally helpless and with that, we can securely save our assets from any other form of disaster especially wars and sudden chaos in our country. Imagine everyone is worried about their money in the banks and the banks are closed due to some sort of disaster, in the other hand, you are fine because you keep your BTC in a safe place.

[suryana]

investing in the cryptocurrency world certainly has its own advantages where miners can control their assets very securely so they can avoid hacking by irresponsible people, especially in the cryptocurrency world we are free to withdraw assets with unlimited limits if miners want to leave the bitcoin world for a long time so that it can be done in the digital currency

[Slow death]

Imagine everyone is worried about their money in the banks and the banks are closed due to some sort of disaster, in the other hand, you are fine because you keep your BTC in a safe place.

this is also a big disadvantage, imagine that someone withdraws money from the bank and buys 1 bitcoin and decides to keep it in his wallet and the next day this person gets sick and is hospitalized without being able to speak, the family has no money and is starving and days later the person who is hospitalized dies and the family does not know about the existence of bitcoin, and they went through difficulties for many, many years, but if the person had kept the $47000 in the bank, the family would have access to the money and could cover expenses of food and take to do some business

[Mpamaegbu]

Without mincing words, I will tell you straight up that it's not safe investing in cryptocurrency. A lot of investors have been wrecked through that but then is there any business venture that's absolutely safe to invest in? Nah! Every business comes with a certain level of risk. There's none without it. Except that crypto is mostly unpredictable. There's a caveat that people should not invest more than they can afford to lose, and it's rightly so. Again, if you want to minimize risk to a greater extent I would advise that you invest in Bitcoin only.

[TheNineClub]

Cryptocurrency is a decentralized means of saving money. Many have embraced  bitcoin and invested exclusively in it while others keep on giving it negative claim upon their ideology about it.

The crypto market is liberated from the political ideology or conviction. Some believe there are myths encompassing the bitcoin which are stowed away from the knowledge on the general population.

Today the conflict among Russia and Ukraine significantly affects the monetary area and furthermore tech organizations among different ventures. Foreign organizations or firm won't have any desire to put resources into them, particularly the sanction on Russia. Individuals are starting to lose revenue on the monetary area in light of its centralized strategy, assuming this prompts bankruptcy, it will influence every one of those that have reserve funds with them.

Cryptocurrency as a decentralized means of saving money won't be impacted adversely in any way as its approach and policy has no terrible impact in the general public

As I would see it, there should be a largely if not an overall view of the different beliefs and critiques surrounding bitcoin. Not coming into conclusion without proper findings and proof to back up false claims about it.

There are no 100% safe investments, things like that don't exist. And I would argue that that's not the important part here. Crypto wasn't initially thought up for investment purposes and was an ideological far cry from what it is today, but those core principles still hold true to this day. It's hard to say how crypto will look in the future as it will definitely need to adapt for it to become more accessible and adoptable, and some of those core principles will, unfortunately, have to be left on the sidelines.

[suryana]

Every investment that can store assets from its owner certainly has an advantage, of course, it cannot be separated from several factors.such as asset storage in cryptocurrency, which is very easy to reach by the miners themselves.so it is not easy to be hacked by irresponsible people. currently rampant hacking of assets from owners is certainly something we should be aware of considering that we have to control the assets we store anywhere, including cryptocurrencies.

[gleisson05]

Due to its volatility, crypto will always be a way more risky investment than any traditional stocks like gold or shares of top companies.

At the same time, there's a number of advantages, so it is highly recommended to do your own research and estimate the risks vs potential profits.