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Author Topic: whether investing in bitcoin many lose  (Read 264 times)
DaNNy001
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February 13, 2023, 02:44:53 AM
 #21

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

and what is a good application for buying and selling crypto, and is it safe?..............
I guess i would say every investments has its own risk major and same applies to buying of bitcoin and any other cryptocurrency. Before you go into any crypto investments i would first advice you gather thoroughly all knowledge about the crypto space that has to do with bitcoin investment and the forum is just the right place for that. I came as a newbie just like you and didn't know much about bitcoin and the crypto world but the eager nature i had in me to learn, what was gave me so much knowledge about  bitcoin investment which i can boldly say it's lucrative means of growing your money. First you need to know that bitcoin is a volatile currency meaning your investment can go either ways @profit or loss, especially when you bought in a bull market then the price eventually drops drastically resulting to a depreciating capital. 

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February 13, 2023, 03:36:47 AM
 #22

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

and what is a good application for buying and selling crypto, and is it safe?..............

safe or not, profit or loss all depends on you.
it will be safe if you use a device that is indeed safe. I mean you don't use an untrusted origin wallet. or you keep your Bitcoin in the exchange.
Profit or loss is also up to you to decide. Bitcoin is quite a risky investment if you don't have enough knowledge to invest in it. now you ask a good question. that's a start. and you should also know about the market and other instruments that might affect the price of Bitcoin. it will be better support for you before investing.

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February 13, 2023, 07:00:59 AM
 #23

Since you don't have a good knowledge of Bitcoin, I will have you to exercise a little patience in this forum and learn more about Bitcoin trading before trying to invest and buy Bitcoin, investing in Bitcoin is safe, but to an extent,

What I mean is that Bitcoin is safe when your coin is just stored in your wallet, but the risk comes when the value for Bitcoin drops or when you start trading, because trading in Bitcoin involves profit and losses, 100% profit is not guarantee so as the losses..

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February 13, 2023, 11:06:33 AM
 #24

...but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not?....

There is no safe investment either in real life or in the cryptocurrency market. Moreover, you will have the highest chance of losing your money exactly when investing in crypto. But these risks will be lower when investing in bitcoin than when investing in altcoins.

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February 13, 2023, 11:36:55 AM
 #25

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
You are in the right place to learn as much as you can about Bitcoin and other Cryptocurrencies, but it is a good idea to supplement your knowledge with personal research.


Quote
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

and what is a good application for buying and selling crypto, and is it safe?..............
There is risk in any type of business or investment, including Bitcoin and cryptocurrency.

Nobody can guarantee you a safe investment because Bitcoin is a digital asset with no stable value. However, people are much more comfortable trading and investing in Bitcoin because it is transparent and has a bright future ahead of it considering how it started back then. There is hope on Bitcoin being a safe investment but with the risk involved, it is advisable not to invest the amount you cannot afford to lose.

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February 13, 2023, 11:52:37 AM
 #26

and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not?
Is investing in stocks safe or not? How you respond to that question should give you an idea of what you want to do with Bitcoin will boil down to. Nonetheless, l will let you know that everything investment comes with a huge risk.

Quote
and what is a good application for buying and selling crypto, and is it safe?..............
Get on an exchange if you want to buy and sell. Binance will be your best plug at the moment.

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February 13, 2023, 03:36:29 PM
 #27

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
Welcome to the forum, you have come to the right place, I am sure that if you study hard, the people on the forum can give you all you need to start your investment journey.

and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not?

Everything has risks, if you are not ready to take risks, do not rush to invest, but learn carefully before investing. Among all the investments, bitcoin is considered to be the riskiest, but also the most profitable.

and do many lose from investing in bitcoin or not? I want to hear from all of you...

Many people become rich through bitcoin but also many people lose money because of bitcoin. Remember that the financial market is like a battlefield, when there is a winner, there will be a loser, money from the weak hands to the strong hands, and who you want to be is up to you.

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February 13, 2023, 05:00:59 PM
 #28

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

and what is a good application for buying and selling crypto, and is it safe?..............

Investing in itself is something that is very risky given the word on itself. Especially that you want to focus on investing in cryptocurrency, going blind without first learning its fundamentals and characteristics would definitely put you on the risk of losing your investment and resources.

Before you invest, I highly suggest that you browse through this forum if you have certain questions that you want to ask (that might have been answered already). There are also tons of information, videos, and books online that you can search. Use all the possible search engines to learn about investing so you could lower the risk of losing your money.
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March 04, 2023, 03:34:46 AM
 #29

I don't have much experience in crypto, and hopefully by joining this group I will get a lot of knowledge about crypto..
and i have little money and plan to buy bitcoin.
but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

and what is a good application for buying and selling crypto, and is it safe?..............

Investing in itself is something that is very risky given the word on itself. Especially that you want to focus on investing in cryptocurrency, going blind without first learning its fundamentals and characteristics would definitely put you on the risk of losing your investment and resources.

Before you invest, I highly suggest that you browse through this forum if you have certain questions that you want to ask (that might have been answered already). There are also tons of information, videos, and books online that you can search. Use all the possible search engines to learn about investing so you could lower the risk of losing your money.

now I've read quite a lot in this forum and indeed the results are very satisfying, especially for me who is still a beginner,
and your explanation is very useful,
and now I'm going to lock this topic because I already understand enough.
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March 04, 2023, 11:46:04 AM
 #30

...but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not? I want to hear from all of you...

There is no safe investment and this applies not only to bitcoins, but also to real business. Accordingly, when investing in bitcoin, you should be aware of the existing risks and be prepared to lose your money. Most often, newcomers lose their money by buying bitcoins at a high price and after the price of BTC decreases, they sell everything, thus fixing the loss.

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