Is investing in cryptocurrency a risky game? 🚨

[Odohu]

Investment is not a game, it is something that can make or mar you depending on what you invest in because not everything that is addressed as cryptocurrency is worth your time and money. So yes there is some level of risk involved in any investment be it in cryptocurrency or other asset classes but for the same of this discussion, since you made this post in the Speculation board where the price of Bitcoin is being discussed, I will give my response with respect to Bitcoin. Bitcoin is risky but the risk is lower when the investment is made with the intention of holding it for a long time like 5-10years time. Altcoins are generally risky and some of them will make you lose all your capital. Unlike Bitcoin that gets better with time, most altcoins die with time so their risk is very high. If you are looking for a reliable investment portfolio, I will suggest you buy and hold Bitcoin.

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks.

Hacking doesn't make investing in altcoins risky because it is your duty to protect your crypto wallet so that someone else does not have access to it. What makes investing in altcoins risky is that most altcoins are built on hype, with no solid use case behind them, and they just want to scam investors who lack the knowledge to know the altcoins that will do well. Since it is difficult to tell which altcoins will do well, you should stay away from investing in altcoins so that you will not lose your money. But if you start a bitcoin investment, you will not lose your money to any unknown team because you will not be scammed.

I agree with you and I find it strange how people associate the risk of cryptocurrency to hacking and other forms of attack. Even fiat account can be hacked and the account emptied. Hacking happens in anything related to the internet and not only cryptocurrency so I will not use it as the risk of cryptocurrency. Although there is growing interest in hacking cryptocurrency infrastructure due to the seemingly anonymous nature it portrays. So care must always be taken not to fall victim of such incidence.  

[yudi09]

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

The cryptocurrency I invest in is Bitcoin. From Bitcoin I learned a valuable lesson that I have to be careful with the public. Be careful when storing keys.
Investing in Bitcoin requires me to have patience with price fluctuations that change all the time so that I don't panic when the market experiences a price decline.
Buy when it is low and sell when the price is considered appropriate by implementing regular purchases during the current period. This is called the right time in my opinion.
In the long run, Bitcoin is very good.

[Justbillywitt]

Hi everyone, I'm still learning about crypto currency and the lots but I  wanted to share a conversation I had with a friend. 

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

If you are careful enough nobody will scam you and you will easily detect what is a scam is by mare looking at it. The more you deal on crypto currencies the more aware you become about crypto scams and hacks. When you are able to stay away from connecting your wallet to different malicious sites in the name of airdrops, secondly when you don't expose your wallet phrase and private key to third parties, nobody will be able to hack your wallet. As a new investor that hasn't really understand how things works in this space, you should avoid investing in shit coins as they are highly risky and they have a higher tendencies of rug pulls and scams. You should consider investing in bitcoin and other alt coins that has been there for years now. There is no investment that's not prone to risk. Any investment that doesn't have an atom of risk is not an investment. Risk is not just associated to crypto currencies alone, but if you are careful you can avoid most things that will put you in trouble.

[Hamphser]

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

The cryptocurrency I invest in is Bitcoin. From Bitcoin I learned a valuable lesson that I have to be careful with the public. Be careful when storing keys.
Investing in Bitcoin requires me to have patience with price fluctuations that change all the time so that I don't panic when the market experiences a price decline.
Buy when it is low and sell when the price is considered appropriate by implementing regular purchases during the current period. This is called the right time in my opinion.
In the long run, Bitcoin is very good.

Risk management would really be mainly needed or something that would really be that crucial because even if we do say that we do stick with Bitcoin investment but it wont
really be giving out that assurance that you would really be able to make yourself having that guaranteed profits. Somehow if we do speak or talk about long term approach then we
could somewhat tell to ourselves that we are on the right path or way because we do know that Bitcoin does have the potential.

On the moment that you do make out some recommendations in speaking about crypto investment then never ever make those guarantees or having those words
as if you are assuring that they could make profits. Always focus about on explaining about the risks because on the moment that you do make them positive
but ending up on losing money then for sure you would really be getting blamed for that.

[tygeade]

Investment is not a game, it is something that can make or mar you depending on what you invest in because not everything that is addressed as cryptocurrency is worth your time and money. So yes there is some level of risk involved in any investment be it in cryptocurrency or other asset classes but for the same of this discussion, since you made this post in the Speculation board where the price of Bitcoin is being discussed, I will give my response with respect to Bitcoin. Bitcoin is risky but the risk is lower when the investment is made with the intention of holding it for a long time like 5-10years time. Altcoins are generally risky and some of them will make you lose all your capital. Unlike Bitcoin that gets better with time, most altcoins die with time so their risk is very high. If you are looking for a reliable investment portfolio, I will suggest you buy and hold Bitcoin.

Most of the people in the crypto world still do not understand the crypto world unfortunately. There are way too many people who joined because they saw some other person get rich, and they wanted the same thing to happen to them as well, which is why they are in this market.

We can't make them understand it unless they are willing, they need to be doing something that will benefit them first, and if they do that then we are going to benefit in the end, we should consider the situation to be very different. If they eventually decide to learn then they are going to get better, but we can't make it work any other way. I hope that people could find it themselves to make it work and learn more about crypto and not stay ignorant about it.

[MarjorieZimmermanGinger]

Most of the people in the crypto world still do not understand the crypto world unfortunately. There are way too many people who joined because they saw some other person get rich, and they wanted the same thing to happen to them as well, which is why they are in this market.

We can't make them understand it unless they are willing, they need to be doing something that will benefit them first, and if they do that then we are going to benefit in the end, we should consider the situation to be very different. If they eventually decide to learn then they are going to get better, but we can't make it work any other way. I hope that people could find it themselves to make it work and learn more about crypto and not stay ignorant about it.

Most of it is true as you say and it is a bad decision because getting involved here is just a matter of seeing other people get richer in investments. In fact, after they get involved, what they see is actually different and they lose control of maximizing their investment responsibly. That's why it's important to have knowledge before starting and not look at other people's success as a reference for getting involved here. Motivation from other people's success is no problem for getting involved in investment as long as we are willing to learn first and try to make an analysis of investment patterns.

When involved in crypto and have the knowledge then I believe people will be much better prepared to get started and each time make definite decisions based on correct analysis. To make everything function well, only with knowledge so that they slowly have experience in making decisions before investing.

[Strongkored]

But it got me thinking, is investing in cryptocurrency really a risky game?

Before investing you must first change your mindset, that investment in any form is not a game, because if you think investment is a game then you can not take it seriously, even though this is something that can change your life either for the better or just the opposite because of the wrong choice of investment.

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

The scary stories with the successful ones both exist, so it's not just the scary ones and the successful ones are the ones that choose to invest in the right form like Bitcoin and it's worth it.

Since you mentioned cryptocurrencies then it is altcoins that are much more risky that's why scammers are around altcoin projects, Bitcoin is safer than altcoins, and caution is what can keep you safe here because it will not be easy to choose crypto as an investment even it would be better if you only choose Bitcoin.

[$weetne$$]

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

For me it is worth it but it might not be worth it for any individual because they do not have the kind of attitude that I have. I can invest in any type of cryptocurrency and not get worried if the market is falling because I did my research before joining and I have understood how the market works. Cryptocurrency are risky because the quantity of investors are not very big. The market is not that big because it is only very few coins that are making the full market value to be big. Bitcoin is taking almost 2 trillion dollars while the whole cryptocurrency market is barely above 3 trillion dollars. The market is not that big therefore volatility is always going to be experienced. But because the market is not very big yet, it is an opportunity to invest and this is why I said I know taking the risk to invest in the market is worth it.

[mirakal]

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

As we all know, it is a risky investment and you mentioned some reasons already. But quite not enough to think we should be afraid of because nothing is risky when it comes to investing. It is risky but profitable...

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

Why people are here although it was risky? because it is worth taking.
All I can say is to buy bitcoin and some potential altcoins, not shitcoins. We can't lose any amount if we manage to stay aligned on the simple investment strategy --buy low and sell high.

Just to figure out how many investors become successful here which means that we can make a fortune in the crypto market if we know how to manage our investment properly. Of course, we can't deny that some people are suffering losses but that is the result of their wrongdoings and falling into broken promises made by scammers. We can avoid this if we are not greedy and do research before buying.

[cryptoWODL]

Hi everyone, I'm still learning about crypto currency and the lots but I  wanted to share a conversation I had with a friend.  

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

Investing in crypto currency can't be without risk. There is certainly risk involved in investing, but it is less and less. It is important for investors to know the basics of investing before starting early stage investing.

Market should be well analyzed before investing i.e. you have to be experienced otherwise your investment may face losses. Also you need to decide which coin you will invest in Bitcoin or Altcoins or MemCoins. You me and all of us have a tendency to double profit before investing i.e. we want to make more profit in less time which is why many people get greedy and invest in meme coin. As a result of which later it is seen that their investment suffers a lot and even they lose their entire money. If you want to take less risk in investing then you should invest in Bitcoin because investing in Bitcoin is less risky in the cryptocurrency market.

[Gaza13]

By cryptocurrency we usually mean bitcoin, altcoins, Shit coin and various memcoins. When a member wants to invest in cryptocurrency he should keep in mind that crypto is volatile and involves risk. Invest according to what you can afford to lose.

However, investing in altcoins and meme coins is the most risky of cryptocurrencies, as investing in these coins is the most likely to lose money. Investing in Bitcoin is less risky than these coins but not risk free. Also the risk depends on you because if you invest in a coin, if the price of that coin goes down then you can be successful if you take the risk and wait long enough for the price to go up.

If we invest anywhere, everything has the potential to lose, especially if asset holders panic if prices experience a large enough decline, it is that panic that causes large losses. It's true that a lot of altcoins are emerging at the moment, they are competing to be the best in the CyptoCurrency market, indeed the price offered has now decreased so that many people are interested in investing there, but there are also many who are not. survive long enough in this case, it's best to choose an alt that has pretty good fundamentals in this case.

[Marvell1]

Investing in crypto currency can't be without risk. There is certainly risk involved in investing, but it is less and less. It is important for investors to know the basics of investing before starting early stage investing.

Frankly, the cryptocurrency market is the market that can offer the best returns but also the highest risks. The higher the profit, the higher the risk, and limiting risk will depend on each investor's knowledge and experience.

Market should be well analyzed before investing i.e. you have to be experienced otherwise your investment may face losses. Also you need to decide which coin you will invest in Bitcoin or Altcoins or MemCoins. You me and all of us have a tendency to double profit before investing i.e. we want to make more profit in less time which is why many people get greedy and invest in meme coin. As a result of which later it is seen that their investment suffers a lot and even they lose their entire money. If you want to take less risk in investing then you should invest in Bitcoin because investing in Bitcoin is less risky in the cryptocurrency market.

OP said he is learning about the market, meaning he can accumulate knowledge by spending a lot of time learning but experience takes time and practical experience. If you think he needs experience to start investing then he will never have the opportunity to invest in the market.

In short, if he is newbie and wants to minimize risks, it is best to focus 100% on bitcoin, say no to altcoins, memes, and shitcoins, and say no to the idea of ​​getting rich quickly overnight.

[Barikui1]

Hi everyone, I'm still learning about crypto currency and the lots but I  wanted to share a conversation I had with a friend. 

So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.

She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.

But it got me thinking, is investing in cryptocurrency really a risky game?

I mean, a lot of people are into it and we've all heard the horror stories about scams and hacks, but we've also seen the potential for huge gains.

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

Cryptocurrency generally is quite risky, just as every other investment out there, but when referring to to Bitcoin and different types of asset to invest in, it comes with their own level of risk entirely,  for example now, if you invest only on Bitcoin, in as much as it's also risky due to it volatility, but it's no way near as dangerous as investing in meme coin or shit coin as we call it,  which to me is like gambling.

Another aspect that makes it very risky is that if you are not knowledgeable enough to know all it entails and how to protect your asset in this crypto space, at some point, you might lose all your hard earned money due to lack of knowledge on security, so in essence is that, in cryptocurrency, their are level of risk in it, such as low risk investment, which is Bitcoin and a higher risk investment which is alt coin and shit coin.

Lastly, until that your friend is ready to put his money to work, he is not ready to make money, because the  fear of losing money will not take him anywhere, and it's even more risky not investing in Bitcoin now with the current economic situation in the world.

[STT]

Yes and no because its how you frame that involvement and also the time frame of your participation in BTC markets.   If you hope to day trade BTC its extremely risky and hard to do without losses, BTC has high volatility and not good uncertainty day to day.

The surprising thing about BTC is its long term aspect and this will be mentioned by a few people involved over many years.   BTC does gain well long term but also with harsh pullbacks involved.    Your best chance of reducing risk is to be involved with BTC over a longer term time period, that involves your own perspective and ability to hold.  The worst thing to do is to borrow or use money you do not have spare, if you are forced to sell it might be at the worst time for the BTC pricing hence you will lose.

[Rabata]

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

I have been following Bitcoin for a long time. I believe Bitcoin is a permanent asset of life. Although no one can guarantee anything, I personally believe in Bitcoin. If one is not willing to take risks in cryptocurrency space then he will never get anything as per his expectations from here. Moreover, an investor should not invest on blind faith. There are definitely risks involved in investing, but those who invest with a long-term plan have less risk. All investments involving money are risky but based on probability if one takes the risk and holds the investment for long term they will surely succeed.

I didn't buy Bitcoin in 2018 because I thought it would lose its value and then I missed it in 2021 but since then I didn't want to miss out. If you start investing from every bearish position, there is a great chance to get more profit from Bitcoin.

[GIF-JOBS]

So, is it worth the risk?

Have any of you had experiences that have made you more cautious or more confident in investing in crypto?  Please share I'd love to know

I have been following Bitcoin for a long time. I believe Bitcoin is a permanent asset of life. Although no one can guarantee anything, I personally believe in Bitcoin. If one is not willing to take risks in cryptocurrency space then he will never get anything as per his expectations from here. Moreover, an investor should not invest on blind faith. There are definitely risks involved in investing, but those who invest with a long-term plan have less risk. All investments involving money are risky but based on probability if one takes the risk and holds the investment for long term they will surely succeed.

I didn't buy Bitcoin in 2018 because I thought it would lose its value and then I missed it in 2021 but since then I didn't want to miss out. If you start investing from every bearish position, there is a great chance to get more profit from Bitcoin.

Every Bitcoin dip should be viewed as a buying opportunity. When I started to understand about cryptocurrency and Bitcoin, I saw the success of Bitcoin since then. I became addicted to Bitcoin after seeing its success, and became addicted to buying Bitcoin. Next I started buying bitcoins. Gradually, as I started making profits, my interest in investing increased. So I now choose Bitcoin as my sole investment trust. The more bitcoins I hold, the more returns I get.

So I can definitely say that long term investment in bitcoin is risk free, Your investment must be for the long term. Then it will give you guaranteed profit. So I started investing with DCA method long ago, now I have built up a fairly good portfolio, and I have made good profit from it.

So currently the price of Bitcoin is on the dip, make your mind to buy this moment and hold for long time, and don't limit yourself to buy now, start investing in DCA method. You will always have extra expenses in your daily life, invest that money instead of extra expenses, it will bring you huge profits over time.

[yudi09]

-snip-

On the moment that you do make out some recommendations in speaking about crypto investment then never ever make those guarantees or having those words
as if you are assuring that they could make profits. Always focus about on explaining about the risks because on the moment that you do make them positive
but ending up on losing money then for sure you would really be getting blamed for that.

Of course, I don't mean to give a guarantee that it has to be done, but that is the reality that I feel while being with Bitcoin.
Besides, every word that sounds like convincing him to do it requires doing his own research before deciding because we don't bear the risk but he will bear the risk. Vice versa, when people gain profits from their investment choices in Bitcoin, it is not given to us but to them.
Up to this point it seems clear and understandable.

[DaNNy001]

-snip-

On the moment that you do make out some recommendations in speaking about crypto investment then never ever make those guarantees or having those words
as if you are assuring that they could make profits. Always focus about on explaining about the risks because on the moment that you do make them positive
but ending up on losing money then for sure you would really be getting blamed for that.

Of course, I don't mean to give a guarantee that it has to be done, but that is the reality that I feel while being with Bitcoin.
Besides, every word that sounds like convincing him to do it requires doing his own research before deciding because we don't bear the risk but he will bear the risk. Vice versa, when people gain profits from their investment choices in Bitcoin, it is not given to us but to them.
Up to this point it seems clear and understandable.

Don't be so certain on that because they are some crazy folks who totally follow and lay on suggestions that other give them without they themselves even trying out how to better make things work efficiently or to access if therr might be doubt about the information being passed. The cryptospace is a wild place especially base on the fact that it doesn't necessarily mean just Bitcoin when you utter that word because crypto includes all coins even the shitcoins.

[Obulis]

Yes and no because its how you frame that involvement and also the time frame of your participation in BTC markets.   If you hope to day trade BTC its extremely risky and hard to do without losses, BTC has high volatility and not good uncertainty day to day.

The surprising thing about BTC is its long term aspect and this will be mentioned by a few people involved over many years.   BTC does gain well long term but also with harsh pullbacks involved.    Your best chance of reducing risk is to be involved with BTC over a longer term time period, that involves your own perspective and ability to hold.  The worst thing to do is to borrow or use money you do not have spare, if you are forced to sell it might be at the worst time for the BTC pricing hence you will lose.

A look from investment point of view (putting in resources monetary and otherwise for potential gains) is important. You sometimes gain when u thought you will lose and lose when you thought u'll gain vice-versa. With that in mind yes and no as stated above is very reasonable... Proper know how should be be in place concerning the chosen area of investment. BTC to say, as said also day trading is not advisable, and probably facts must be taken care of as well as possible leaving any other thing to the outcome..
So you might not really be able to tell how risky it will be for  you if you didn't try since it will definitely be different or similar experience for two people . However you can also after all search and done accept or reject crypto business.....

[dunfida]

-snip-

On the moment that you do make out some recommendations in speaking about crypto investment then never ever make those guarantees or having those words
as if you are assuring that they could make profits. Always focus about on explaining about the risks because on the moment that you do make them positive
but ending up on losing money then for sure you would really be getting blamed for that.

Of course, I don't mean to give a guarantee that it has to be done, but that is the reality that I feel while being with Bitcoin.
Besides, every word that sounds like convincing him to do it requires doing his own research before deciding because we don't bear the risk but he will bear the risk. Vice versa, when people gain profits from their investment choices in Bitcoin, it is not given to us but to them.
Up to this point it seems clear and understandable.

Don't be so certain on that because they are some crazy folks who totally follow and lay on suggestions that other give them without they themselves even trying out how to better make things work efficiently or to access if therr might be doubt about the information being passed. The cryptospace is a wild place especially base on the fact that it doesn't necessarily mean just Bitcoin when you utter that word because crypto includes all coins even the shitcoins.

It would really be that included on overall and thats why informations that would really be able to read up is something that needed that should really be precised or something that will really be that be true for you to be able to have that kind of awareness on how this market really works and on how you would really be that dealing with it accordingly. If we do speak about crypto in overall then of course it would really be that meaning on dealing up with all coins/tokens which is really that available in the market on which it would really be just that right on trying out to point out on which one you would really be that trying out to engage with it.
Investing with crypto is really that a risky thing but its never been a game because this isnt something that you would really be needing to deal up as if you are on a game or simply being doing gambling.

On the moment that you have decided to deal up with this market then you should really be that making yourself that get prepared or else you would really be finding yourself having that kind of
hardship when it comes to the situation that in talks about predicting prices and other stuffs.