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Author Topic: How safe it is to invest in cryptocurrency  (Read 2354 times)
livingfree
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June 24, 2022, 07:33:10 PM
 #241

It is what volatile speaks for that.

We don't have any control on it but we can control our emotions and as well as money to invest in. So before investing, there should be the idea on what may happen to your money.

It's not reassuring but that's the reality. It's better to know the reality than sweet lies because it will suck your hard earned money if you don't know the actual thing that happens after investing in crypto.

Every form of investment has its risks and so as a crypto investment. That's why before investing, we're always advised to invest what we can only afford to lose and if you're smart enough to deal with every market situation, the volatility of the market isn't a threat to you but rather an opportunity to earn. Buy during the bear market and sell during the bullish trend.
Just before you invest, you should know everything what may or may not happen to your money mostly if it's going to be in crypto.

The thing is, there are a lot of investors, the new investors have been buying cryptos that they have no idea. And they're only going to ask when they're done purchasing it.

So, there's no sense of asking when they've just done it and will have those negative opinions from the others that they can't take for doing the wrong thing.

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June 25, 2022, 07:54:53 PM
 #242

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.
investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition

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June 25, 2022, 07:59:41 PM
 #243

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.
investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition
Putting your funds into stable coins is never considered to be an investment and also you cant really be having that peace of mind in terms of reliability and security we know that these things are centralized.It does have that specific purpose on why people been touching up stable coins which is to save up themselves on volatility but not in terms of investment which is really out of the option.
Investment on crypto is never been a safe one and we know on how volatility could really fucked you up if you dont know on what you are doing in the market and with your investments.
Decide on something which could really be beneficial for you.

Ebede
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June 26, 2022, 02:24:57 PM
 #244

I dare say if you invest in a stablecoin like USDT then you will be safe but if you invest in a volatile alcoin then it is a big risk and you can get a big profit too, if the current market position it is better to invest with a big coin like eth coin and coin bnb because there is a possibility that these two coins will go up in the future.
investing your money in stable coin it's like someone that is keeping he or her money from Fiat currency so whenever inflation happens do we still have such kind of value Bitcoin and the other cryptocurrency served why you keep them for longer time so the only changes there is that cryptocurrency changes because of value and that value through market condition
Putting your funds into stable coins is never considered to be an investment and also you cant really be having that peace of mind in terms of reliability and security we know that these things are centralized.It does have that specific purpose on why people been touching up stable coins which is to save up themselves on volatility but not in terms of investment which is really out of the option.
Investment on crypto is never been a safe one and we know on how volatility could really fucked you up if you dont know on what you are doing in the market and with your investments.
Decide on something which could really be beneficial for you.
is an investment in another way because dollar rate used to be high and also used to be low because of inflation so when you convert it into stablecoin and USDT so if the value goes up then when you're converting it you will have a profit because of increment of value so that is why another way around you can consider stablecoin as investment because inflation can only act on it when it is low

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