Is investing in cryptocurrency a risky game? 🚨

[taufik123]

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.

A person who is not a risk taker is not suited to crypto investment because the assets here are quite speculative and change so quickly. Convincing others to get involved in investment is not easy because not everyone has the ability to recognize the potential here.
-snip-

There is no need to convince others of the investments we are running, and we trust, just breed them and let them learn and do their research.
If you succeed, and you make a lot of profits, they will consider and be interested in starting investing in crypto as well.

Laymen or beginners will not believe it until you get a real example of investment success.
With the increasing profits of crypto investment, more and more beginners are interested, but of course the risk will still exist, and the risk will also be greater.

[lizarder]

There is no need to convince others of the investments we are running, and we trust, just breed them and let them learn and do their research.
If you succeed, and you make a lot of profits, they will consider and be interested in starting investing in crypto as well.

Laymen or beginners will not believe it until you get a real example of investment success.
With the increasing profits of crypto investment, more and more beginners are interested, but of course the risk will still exist, and the risk will also be greater.

That should be the case because convincing others to get involved in investment will actually create problems, especially if they do not understand how to run it at all. I agree more with giving them the opportunity to learn first and not by convincing them that investing in crypto is very profitable. They can be taught in a simple way, for example, getting involved in small investments as a step for experience, after they gain knowledge and experience, they will automatically like it more.

By learning to understand the impact of risk, they will be much more prepared and maybe that should be learned and directly involved in investment. No one will be ready to experience big losses, therefore laypeople and beginners must try to get involved responsibly before thinking about the big profits from the investments they make..

[taufik123]

-snip-
By learning to understand the impact of risk, they will be much more prepared and maybe that should be learned and directly involved in investment. No one will be ready to experience big losses, therefore laypeople and beginners must try to get involved responsibly before thinking about the big profits from the investments they make..

Directly involved in an investment?
Hmmmm, it can also be done, but there is really control from others or just follow with a small capital or just try.

Beginners who really want to learn will remember every instruction and learn from every experience.
But some beginners who only come with their own knowledge, without getting good knowledge,
they only come with quite a lot of money at the beginning, but then they will just disappear.

Seeing many of these phenomena today, ordinary people only look at the advantages of others without seeing how much they lose.
Crypto is not an investment game, it is a real investment using money.

[Republikcoin.com]

That should be the case because convincing others to get involved in investment will actually create problems, especially if they do not understand how to run it at all. I agree more with giving them the opportunity to learn first and not by convincing them that investing in crypto is very profitable. They can be taught in a simple way, for example, getting involved in small investments as a step for experience, after they gain knowledge and experience, they will automatically like it more.

Giving such steps has also involved them in direct investment even though only with small capital which is generally not bad as an initial test. However, I would agree more with giving them special learning and education about investment and assets that are worth investing in so that we can let them decide for themselves what they will choose after knowing some facts about assets and how to invest in certain assets. Because it will be quite painful when you are blamed when they experience losses due to their lack of patience in doing so because you are the one who invited them directly to start investing in something even though only with small capital.

[dezoel]

Michael saylor with his massive buying up of BTC really does put into perspective of how BTC investing could be a massive drive that could make an investment company thrive.
his company MSTR stock is having a good time with its stock prices right now

I see that you use the word thrive there and according to its meaning, it is both negative and positive. This was indeed the company can experience when they start involving their selves in Bitcoin, as we know how volatile this coin is but as long as they are doing the right measures, the final outcome can still be positive. If they do invest in Bitcoin, it's also a good thing for us to do the same thing. Not only that Bitcoin is beneficial to us but the more we will benefit because of their effects, however even without them, we still can invest on our own and this is the right approach, and that is we must not compare our selves to other people.

You can see that investing in cryptocurrency is very risky by observing the price fluctuations of Bitcoin over different periods.

And in order to see this, we can use the chart to see that up and down or zigzag movement of the price. We are talking about crypto here and this is not only limited to Bitcoin but also to Ethereum and other altcoins and tokens. Despite the high volatility in Bitcoin, surprisingly it is still the safest coin among all cryptos up to this date because it can bounce back easily if in case its value got dumped for some reasons.

The real risk in crypto doesn't come from a simple observation but it is when you are already involved in the actual thing. We still can mitigate it by investing only amounts that we can easily afford to lose and also by choosing the right set of coins that will be included when we create our own portfolio.

[Dave1]

That should be the case because convincing others to get involved in investment will actually create problems, especially if they do not understand how to run it at all. I agree more with giving them the opportunity to learn first and not by convincing them that investing in crypto is very profitable. They can be taught in a simple way, for example, getting involved in small investments as a step for experience, after they gain knowledge and experience, they will automatically like it more.

Giving such steps has also involved them in direct investment even though only with small capital which is generally not bad as an initial test. However, I would agree more with giving them special learning and education about investment and assets that are worth investing in so that we can let them decide for themselves what they will choose after knowing some facts about assets and how to invest in certain assets. Because it will be quite painful when you are blamed when they experience losses due to their lack of patience in doing so because you are the one who invited them directly to start investing in something even though only with small capital.

I think it's obvious that if someone will ask for advise, more likely they don't understand the inner or outer workings of crypto specially Bitcoin. So it's understand that at least we will try to help anyone with the knowledge that we have in this market and from out experience.

And base on that, then yes, good to start small, and then guide them all throughout the process although we don't want to spoon feed them. I still remember someone, not a friend but a neighbor of mind who are interested on Bitcoin and I guide him and later when he moves out of the neighborhood, he thank me for that.

[TheUltraElite]

Scams are hacks are very common in crypto being a completely device based currency but scams are also common in fiat too.

It is a speculative market when it comes to the price of bitcoin. If you are trading you are more likely to lose money if lacking the experience. If you are just holding for long term then there is less risk.

Of course investing in crypto is risky, but understand the risks and you will be able to navigate the grounds with less risk.

[yudi09]

-snip-

By learning to understand the impact of risk, they will be much more prepared and maybe that should be learned and directly involved in investment. No one will be ready to experience big losses, therefore laypeople and beginners must try to get involved responsibly before thinking about the big profits from the investments they make..

We are used to it and will never get tired of saying that if you want to do something, you need knowledge of the actions to be taken. Investing in crypto is prone to risk, although other types of investments are also not free from risk. At least the type of Bitcoin investment can minimize the risk rather than choosing other coins.
I agree that not many people are ready when they experience big losses, unless they are familiar with the investment we are discussing. Even laypeople when they lose a little because of the issue game have panicked.

[CageMabok]

We are used to it and will never get tired of saying that if you want to do something, you need knowledge of the actions to be taken. Investing in crypto is prone to risk, although other types of investments are also not free from risk. At least the type of Bitcoin investment can minimize the risk rather than choosing other coins.
I agree that not many people are ready when they experience big losses, unless they are familiar with the investment we are discussing. Even laypeople when they lose a little because of the issue game have panicked.

Experiencing panic due to a price drop that causes the asset value to be minus is a very normal thing to happen to everyone, although it often happens to those who are new to crypto investment or who have just held Bitcoin as their investment asset. But people who already have enough experience can also panic even though it is not born publicly to everyone and often looks relaxed when facing such things, even though they also feel panic in their own hearts.

In addition, what differentiates old investors from new investors is the way they take advantage of market trends, where old investors will always buy more often in conditions like the current ones than new investors who are still afraid to buy in conditions like the current ones because they still have to add some more capital to be able to do this.

[GigaBit]

Its not possible for you to make an investment and not consider the risk associated to it, but if you're investing on Bitcoin in particular, then you're safe and have reduced the chances on the risk, cryptocurrencies in general is a game of those who are ready to learn and go by the way of expectations in choosing and doing the right thing, if we so wish, we could achieve more in it than making losses.

Everyone certainly does not want to experience losses so they will continue to try to get profit through good ways such as trying to choose the best assets among the many cryptocurrencies today. And Bitcoin is the right choice that has been tested for years so that it can be quite suitable as an investment option for many people even though the level of risk is very different from the others. Because it is true as you said that in any case, of course everyone must understand the risks first before making a decision.

Yes, the loss factor should also be kept in mind before investing. Because if there is a loss after investing then that investment has no value. New coins are constantly being added to the market, it is not possible to invest in all the coins, and it is also impossible to say which coin is risk-free. Considering all these factors if one invests in Bitcoin then that investment is definitely safer than others. Although there is a risk here, those who hold these coins for a long period of time will definitely be able to profit. But the investor should keep in mind before investing as it is a risky investment platform so it is best to invest as much as he can afford to lose.

[yudi09]

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In addition, what differentiates old investors from new investors is the way they take advantage of market trends, where old investors will always buy more often in conditions like the current ones than new investors who are still afraid to buy in conditions like the current ones because they still have to add some more capital to be able to do this.

Regarding taking advantage of market trends, that's what makes us say that basic knowledge is needed and it can be obtained by learning. One of them is using small capital to trade. If it's an investor, the best strategy is to buy regularly with financial capabilities. If the first purchase is made at a price of 60,000 with the BTC/USDT pair, then when the second purchase is at a price above 60K, let's say at a price of 63K, maybe the next purchase can still be covered so that the chance of loss is minimized. CMIIW

Fear and panic are not permanent, but can change when you are used to dealing with market price fluctuations equipped with knowledge and experience.

[lixer]

Scams are hacks are very common in crypto being a completely device based currency but scams are also common in fiat too.

It is a speculative market when it comes to the price of bitcoin. If you are trading you are more likely to lose money if lacking the experience. If you are just holding for long term then there is less risk.

Of course investing in crypto is risky, but understand the risks and you will be able to navigate the grounds with less risk.

I agree with that. Hacks can't be stopped, even if someone is an experienced individual and has vast knowledge about cryptocurrencies and everything, they can still become a victim of a hack, but when someone has knowledge and experience, they can mitigate the risks of getting hacked by using better security measures and storing their cryptocurrencies in places where the possibilities of them getting hacked will be very less.

However, scams are pretty easy to spot and avoid with knowledge and experience. In this industry, most people who get scammed are newbies, and that is because they lack knowledge and understanding of how things work and what things they need to avoid in order to stay safe.

When it comes to trading or investments, both require knowledge, but as you said, trading requires more because one needs to constantly work with the market to gain success whereas in investments, you put in your money and come back at a later time, only keep an eye on the market.

[STT]

Its not a game but if someone said they only put in spare cash and dont risk too much, I dont find that to be an incorrect attitude.  Worse would be people ignoring the risk, putting in large amounts they cannot afford to lose then you will find out its not an easy game or anything easy to play.

We get days like today and it shouldnt be ignored that it can happen thats why it has to be said to be risky and never put all your life savings into something too risky like this.  Its not the only asset thats risky, Ive heard of people who went into diamonds as a trade and found the market fell apart on them; lots of things should be taken with caution but are still quite valid.

[TastyChillySauce00]

Its not a game but if someone said they only put in spare cash and dont risk too much, I dont find that to be an incorrect attitude.  Worse would be people ignoring the risk, putting in large amounts they cannot afford to lose then you will find out its not an easy game or anything easy to play.

to be fair anything is risky game, even business is risky 90% literally just went bankrupt the first year I think btc in some category fare better than conventional business but always it's the money and risk management that helps massively.
the people who plays risky game should know they should spend money where they can afford to lose and make it up easily.

the problem with most of people though, is that they just become too overconfident thinking they are different than other people and think they can come out victorious from the market, truth can never be further from that.
because i'm also sure the people who got liquidated of their perpetual trading are having the same mindset.

[South Park]

Its not a game but if someone said they only put in spare cash and dont risk too much, I dont find that to be an incorrect attitude.  Worse would be people ignoring the risk, putting in large amounts they cannot afford to lose then you will find out its not an easy game or anything easy to play.

to be fair anything is risky game, even business is risky 90% literally just went bankrupt the first year I think btc in some category fare better than conventional business but always it's the money and risk management that helps massively.
the people who plays risky game should know they should spend money where they can afford to lose and make it up easily.

the problem with most of people though, is that they just become too overconfident thinking they are different than other people and think they can come out victorious from the market, truth can never be further from that.
because i'm also sure the people who got liquidated of their perpetual trading are having the same mindset.

Very often, people have an attitude that shows they think that everything is going to turn as they want, never making preparations for when things could go differently, and this is a big mistake, as when it comes to a business or an investment, this is the kind of attitude that can easily get them in huge financial trouble, and we see this all the time with the people investing in meme coins, which get surprised when instead of getting the huge profits they wanted, they get huge losses from which it is unlikely they will ever recover.

[Oilacris]

Its not a game but if someone said they only put in spare cash and dont risk too much, I dont find that to be an incorrect attitude.  Worse would be people ignoring the risk, putting in large amounts they cannot afford to lose then you will find out its not an easy game or anything easy to play.

to be fair anything is risky game, even business is risky 90% literally just went bankrupt the first year I think btc in some category fare better than conventional business but always it's the money and risk management that helps massively.
the people who plays risky game should know they should spend money where they can afford to lose and make it up easily.

the problem with most of people though, is that they just become too overconfident thinking they are different than other people and think they can come out victorious from the market, truth can never be further from that.
because i'm also sure the people who got liquidated of their perpetual trading are having the same mindset.

Very often, people have an attitude that shows they think that everything is going to turn as they want, never making preparations for when things could go differently, and this is a big mistake, as when it comes to a business or an investment, this is the kind of attitude that can easily get them in huge financial trouble, and we see this all the time with the people investing in meme coins, which get surprised when instead of getting the huge profits they wanted, they get huge losses from which it is unlikely they will ever recover.

Or simply they do become that too confident on the thing that they are really that dealing into. On the time or moment that they do find out that it seems that too easy that they could be able to make money or profits then this is where they would really be having those kind of conclusions that it was really that too easy for them to do so.On the time that they are doing such actions then this is where self realization would really be kicking in and would really be telling into themselves that these arent the things that they are really that expecting into. Actually its never been that too easy on dealing up with things specially on investing/trading here on crypto space. You shouldnt really be making up conclusions directly because sooner or later you would be able to face up the potential risks involved on dealing up with a volatile and unpredictable space. On the moment that you would really be considering up crypto for you to invest on then it would really be best that you should really be making up some research first on what are the things that you would really be that mainly be able to need to deal off with or be wary about into those particular things in terms of risks management.

[lizarder]

Beginners who really want to learn will remember every instruction and learn from every experience.
But some beginners who only come with their own knowledge, without getting good knowledge,
they only come with quite a lot of money at the beginning, but then they will just disappear.

Seeing many of these phenomena today, ordinary people only look at the advantages of others without seeing how much they lose.
Crypto is not an investment game, it is a real investment using money.

Everything that is learned using knowledge will give satisfactory results and forcing to be involved randomly and not having knowledge will only accelerate failure. There are many types of people who are currently failing in investing and there are many people who only see people's success without seeing the process so that they get caught in the wrong way. In crypto investment we will never succeed without having knowledge and will actually give losses.

The closest example is when we try to accumulate purchases when the price drops and if the conditions get worse because the price drops again it will have an impact on panic so that in the end people start selling during that period because they want to cut losses, I think knowledge and experience are very important.

Giving such steps has also involved them in direct investment even though only with small capital which is generally not bad as an initial test. However, I would agree more with giving them special learning and education about investment and assets that are worth investing in so that we can let them decide for themselves what they will choose after knowing some facts about assets and how to invest in certain assets. Because it will be quite painful when you are blamed when they experience losses due to their lack of patience in doing so because you are the one who invited them directly to start investing in something even though only with small capital.

I much more recommend that they study first and then get involved in investing with a much smaller amount. Recognizing potential coins that can be chosen as a step to start and I am sure that with the many coins available it will make it difficult for them to decide without knowing which coins are much more potential. It is not easy to invite other people to get involved in investing because there are many things that need to be taught and I prefer to be in the middle.

If people want to learn to invest, teach them how to deal with risks and provide education on how to run investments properly. Don't force yourself to get involved directly if you don't have knowledge about investing because this can cause problems for him or for ourselves when we experience unwanted losses.

We are used to it and will never get tired of saying that if you want to do something, you need knowledge of the actions to be taken. Investing in crypto is prone to risk, although other types of investments are also not free from risk. At least the type of Bitcoin investment can minimize the risk rather than choosing other coins.
I agree that not many people are ready when they experience big losses, unless they are familiar with the investment we are discussing. Even laypeople when they lose a little because of the issue game have panicked.

The problem is because people will never be ready to experience losses and that will be the initial impact for them to blame us. But when education is given properly and they understand the impact of the risks that are generated, then we are not the target to be blamed. Of course we want to help anyone to achieve financial freedom, but sometimes not everyone is ready to invest in bitcoin. Get used to providing education on investment about risk so that they will learn how to minimize it and that will give them strength when running.

[EarnOnVictor]

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.

A person who is not a risk taker is not suited to crypto investment because the assets here are quite speculative and change so quickly. Convincing others to get involved in investment is not easy because not everyone has the ability to recognize the potential here.
-snip-

There is no need to convince others of the investments we are running, and we trust, just breed them and let them learn and do their research.
If you succeed, and you make a lot of profits, they will consider and be interested in starting investing in crypto as well.

I disagree with you about this, if you love some people, you would want the best for them and find a way to convince them to succeed, especially if the investment you are introducing them to is a good one, like cryptocurrency. But what we need to do in addition is to make sure that we educate them so that before they start, they would have already known the risk and the gain tendency of the investment, so that they will not be pointing accusing fingers at us when the whole thing goes south.

And of course, if someone invested rightly in cryptocurrency, overall, the success will be great. Now, about the approach to use, it's possible that you either convince them directly one way or another or try to use your own success in the same investment as a practical example to convince them.

[mirakal]

..
 if you love some people, you would want the best for them and find a way to convince them to succeed, especially if the investment you are introducing them to is a good one, like cryptocurrency. But what we need to do in addition is to make sure that we educate them so that before they start, they would have already known the risk and the gain tendency of the investment, so that they will not be pointing accusing fingers at us when the whole thing goes south.

And of course, if someone invested rightly in cryptocurrency, overall, the success will be great. Now, about the approach to use, it's possible that you either convince them directly one way or another or try to use your own success in the same investment as a practical example to convince them.

We are not forcing people to invest, but we are guiding and helping them make the right investment that gives them a better future. Of course, it involves risk and some responsibilities on our side, but we take this because we want them to improve as well as what we have now. If we put high-risk investing in crypto in their minds, they would also be doubtful about whether they would take this. But if put in their minds that this is profitable, that absolutely gives them interest and courage. 

To convince them wasn't easy, but at least we are giving them some hope, and one day when they are ready, they will remember those words and ideas we shared. Maybe someday they will just see us back and say thank you; that is a wonderful word to hear. 

[rhodelmabanal]

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

Well we don't have the same future with regards to crypto investment there are people who loss and there are also people who earned big amount of profits, crypto investment is different from gambling or any other play yo earn etc., it always depends on you and your decision if you sell at loss because of fear then you will end up lossing but if you hold and wait for the right time even if it takes a decade then you will earn a huge amount of profit just like what happen to those who buy btc on year 2009 and sell on year 2017 or even in 2021,they are now holding a big profit so think twice.