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Author Topic: Before you invest in crypto know the risk.  (Read 773 times)
OfficialGratejoy (OP)
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February 07, 2025, 12:26:14 PM
 #1

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.
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February 07, 2025, 01:52:10 PM
Merited by Promocodeudo (3)
 #2

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.
Yes you are very correct. It's very important to know the risk and uncertainty involve in any investment before considering it as your line of investme because one of the reason why most investors are not sustaining their is that they tend to invest on sometimes base on what someone may tell them about the investment and profit he make from the system without trying to know what the system really entails and the risk involve.
Before considering digital currency investment you need to know the history and the economic performance of the coin you are investing in and when making investment it's important to have a descrisionery income that will help you in your daily financial needs because to make a good profit in digital currency investment require time and patience to hold it for long term .
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February 07, 2025, 02:59:46 PM
 #3

You should revise your perception about cryptocurrencies. Not all cryptocurrencies are scams except Bitcoin. You can research the top cryptos. Bitcoin is the best of the best, with its vastness compared to other currencies. You are a new member and you need to learn more about Bitcoin so try it regularly. Known as a store of value, Bitcoin offers higher profit potential through long-term investment compared to investments in globally recognized real assets. Saving money in a bank or insurance company means you have entrusted your assets to a third party thats centralized control. Holding Bitcoin means you are the sole controller of your assets, without any third-party control and in a decentralized system.

OfficialGratejoy (OP)
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February 07, 2025, 03:16:29 PM
 #4

You should revise your perception about cryptocurrencies. Not all cryptocurrencies are scams except Bitcoin. You can research the top cryptos. Bitcoin is the best of the best, with its vastness compared to other currencies. You are a new member and you need to learn more about Bitcoin so try it regularly. Known as a store of value, Bitcoin offers higher profit potential through long-term investment compared to investments in globally recognized real assets. Saving money in a bank or insurance company means you have entrusted your assets to a third party thats centralized control. Holding Bitcoin means you are the sole controller of your assets, without any third-party control and in a decentralized system.
I never said all cryptocurrencies are scam,I only said that crypto is being traded on blockchain technology,only blockchain technology anything aside this is scam,my points are specific,no coin was tag scam on my thread.
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February 07, 2025, 04:21:54 PM
Merited by CryptopreneurBrainboss (2)
 #5

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

Buddy with this mindset of yours, are you sure you'll be investing in Bitcoin, as I checked you are a newbie and I believe what you need to be doing now is to build your mindset towards accepting and investing in Bitcoin instead you chose to discourage yourself with this kind of writteup, I want you to know that as far investment is concerned, risk must be involved,  I think you need to know more digital assets and again am not talking about all the digital assets am much concerned about Bitcoin which I will be happy if you get to know more about it.
As a newbie your message is very discouraging to your fellow newbies because no OG here would want to get stuck with this your writeup, if you've all this mindset about digital currency then am afraid you may not be ready for bitcoin investment.
Buddy haven't you heard about investing in Bitcoin for a long-term or are you not aware of the history that Bitcoin has made since it existence, the price of Bitcoin can depreciate and also upsurge but one thing you should know if you don't know already is that the value of Bitcoin remains and will be being valued more than both virtual money and fiat itself, I advise you understand the concept of this investment and start doing the needful instead of getting yourself stucked with this kind of procrastination mindset.

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Tbillion
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February 07, 2025, 05:05:04 PM
 #6

Actually I think investing in crypto is not bad. It is one of the lucrative platforms that adds so much value. Before anyone invest in any. They should do so research about it before investing
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February 07, 2025, 06:27:35 PM
Merited by Anayochukwu (2), Derekfunds (1), Bryan jessy (1)
 #7

Watin you talk na true, no be for only cryptocurrency self any business you won start you need to know the risk way they inside before you start am, like for crypto you need to carry am for the back of your mind say e they highly volatile in nature which mean say you fit use your money buy coin today and tomorrow the money reduce, maybe you use 30 thousand naira buy the coin e fit reduce the money to 10 thousand naira, so we need to know the risk before we investment when you know the risk way they inside e go help you make better choice of the kind of coin to invest your money into, for now the coin way better way be say volatile no they too affect am na only Bitcoin, some people go tell there friends about cryptocurrency investment but then no go tell them the risk way they inside.

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February 07, 2025, 07:56:17 PM
 #8

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,
Just to clarify something cryptocurrency is not just a digital asset, rather that's just a single view of it.  It's still much a currency but a digital one at that it can be used for paying or receiving for goods and services just like the fiat currency. Even, fiat currency are still also being used to purchased other fiat currency. Example, when two countries trades or make business deals, they have to convert to the currency they both agree upon.

 
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February 10, 2025, 05:12:21 PM
 #9

Watin you talk na true, no be for only cryptocurrency self any business you won start you need to know the risk way they inside before you start am, like for crypto you need to carry am for the back of your mind say e they highly volatile in nature which mean say you fit use your money buy coin today and tomorrow the money reduce, maybe you use 30 thousand naira buy the coin e fit reduce the money to 10 thousand naira, so we need to know the risk before we investment when you know the risk way they inside e go help you make better choice of the kind of coin to invest your money into, for now the coin way better way be say volatile no they too affect am na only Bitcoin, some people go tell there friends about cryptocurrency investment but then no go tell them the risk way they inside.
  I'm very glad that i came across this thread because it will not enlighten us the risk at ahead of us in every business we invest on but this thread will be here to refresh our mind on the risk relating to crypto, then we have to learn crypto or Bitcoin very well before investing on any project.
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February 11, 2025, 07:55:04 PM
 #10

Actually I think investing in crypto is not bad. It is one of the lucrative platforms that adds so much value. Before anyone invest in any. They should do so research about it before investing

Because of how lucrative it is you will like to invest in it and the bitcoin community continues to grow the more every day because what people are hearing about and it is not about having intrest alone it is about how serious you are about your investment but a lot of people are finding it very hard to believe that bitcoin can actually be influential and when it comes to other investments people are still looking up to bitcoin to be the best and there is no didgital assets like bitcoin.

And the research they do will be the one to determine if they will be able to invest or not because we have a lot to learn when you want to actually invest in bitcoin and for people to be comparing bitcoin and gold shows that bitcoin is getting more levels and we don't need to struggle to much when we have the money the best decisions is to invest.
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February 11, 2025, 09:42:51 PM
 #11

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.
Yes you are very correct. It's very important to know the risk and uncertainty involve in any investment before considering it as your line of investme because one of the reason why most investors are not sustaining their is that they tend to invest on sometimes base on what someone may tell them about the investment and profit he make from the system without trying to know what the system really entails and the risk involve.
Before considering digital currency investment you need to know the history and the economic performance of the coin you are investing in and when making investment it's important to have a descrisionery income that will help you in your daily financial needs because to make a good profit in digital currency investment require time and patience to hold it for long term .
just like any other business you want to invest on,you should beable to relate well with the business and also know the nature of the business alongside the risk involve,you must be acquainted with that particular business system with its operations.I think with this you can explore very well in a crypto space without fear because you already know and been aware of its concept.The major reasons why many people is not doing well in crypto investment is because they lack basic knowledge about bitcoin and we see that as limitations.In a nutshell,you must try to find out how bitcoin investment and how its work before you invest, so as to avoid any story that touches the heart.
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February 11, 2025, 10:21:56 PM
 #12

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.
While others are already talking you down, I’ve read your post thoroughly and I will have to commend you for your effort and yes, you didn’t present yourself very well but I think, as a Nigerian I bet your point and your post basically is talking about risk management and proper research before investing in crypto and as such, I along with you and it’s true that bitcoin is a digital asset which is decentralized meaning not controlled by anyone except the holder and on this note, people need to be extremely careful while dealing with it as whatever mistake you make might not be easily resolved.

I also agree with you, that’s the volatile nature of cryptocurrency is what determines the profit and the loss and for an investor to stay on the profit margins, they need to do a proper research of what they’re intending to invest in.

 
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Dzwaafu11
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February 11, 2025, 11:14:38 PM
 #13

Crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

You are right. If you know what the risk of the investment you are about to put your money into is, you will know whether you should invest in it or not, but some people are failing to do the necessary research before they invest in the crypto market regardless of how promising that thing will be. We need to do our necessary research or know the risk behind the investment before doing it.

However, sometimes don’t follow the hype and think you will get huge rewards; sometimes you will lose the money. Also, there is some risk that you already know you will lose, so that kind of thing—don’t think the crypto space is risky so you will invest in it. Sometimes there is some risk you should avoid.

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February 11, 2025, 11:59:38 PM
Last edit: February 12, 2025, 12:23:53 AM by odunybiz
 #14

Crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

You are right. If you know what the risk of the investment you are about to put your money into is, you will know whether you should invest in it or not, but some people are failing to do the necessary research before they invest in the crypto market regardless of how promising that thing will be. We need to do our necessary research or know the risk behind the investment before doing it.

However, sometimes don’t follow the hype and think you will get huge rewards; sometimes you will lose the money. Also, there is some risk that you already know you will lose, so that kind of thing—don’t think the crypto space is risky so you will invest in it. Sometimes there is some risk you should avoid.

There is a wide difference between investment and gambling. Some people see crypto industry as an investment while some look at it as a means of gambling.

👉👉The investors: This group of people take their time to make necessary researchand look deeply into project before investing their money. They know the risk involved in the space, so they also make a move on how to manage the risk.
👉👉The gamblers: They are always eager to make money. Even when they see high risk on project, they still invest thinking every thing in the space is risky.

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February 12, 2025, 12:53:25 AM
 #15

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

One thing I know for sure is that in the space or you lose, but to position yourself own the right path, you have to know why you go in to this journey first , then focus on expanding yah knowledge, because in this space no knowledge is waste . So firs focus on building your knowledge first then as time is go on you can start finding ways to accumulate more stacks with that you have learnt .

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February 12, 2025, 05:46:20 AM
Last edit: February 12, 2025, 06:11:36 AM by Proty
 #16

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.
There is nothing you can do in this life that risk is not involved, even our daily business risk is also involved you can invest in a business and lose all your capital. Life itself is risk,  same with crypto currency. Volatility is one of the characteristics of crypto currency so risk is involve in crypto investments that is why it is advisable to invest your discretionary income, you are not to invest money that is meant for project in crypto or money for your daily expenses so if you don't have discretionary income crypto currency is not for you. 

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February 12, 2025, 09:05:43 AM
 #17

Wetting you talk now truth at least before person go invest for something the person need know the risk so that him go fit know weather ehh go fit take the risk or manage the risk for the investment.
As for BTC now very volatile investment wey go fit give you high return, but ehh get risk wey you go fit handle if only you invest only what you can afford to lose.
 and me so tell anyone wey won come into crypto to invest in BTC Now the coin wey legit pass be that every other coin for there now shitcoin nothing good fit come out from them.
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February 12, 2025, 12:34:20 PM
 #18

Wetting you talk now truth at least before person go invest for something the person need know the risk so that him go fit know weather ehh go fit take the risk or manage the risk for the investment.
As for BTC now very volatile investment wey go fit give you high return, but ehh get risk wey you go fit handle if only you invest only what you can afford to lose.
 and me so tell anyone wey won come into crypto to invest in BTC Now the coin wey legit pass be that every other coin for there now shitcoin nothing good fit come out from them.
Yes to lessen the risk it is better to invest into Bitcoin for a longer time instead of going into shitcoins there is how you will invest into Bitcoin you have already kill the risk in it by buying bitcoin and hodling for long and this investment is easy to start up if your discretionary income is ready you can gradually start accumulating Bitcoin small small either weekly or monthly to continue to hodl for long.

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February 12, 2025, 03:52:04 PM
 #19

You are just seeming to be new in this crypto space my friend, it's nice coming up boldly to write the least of you have understood about crypto and I'll vehemently urge you to keep on learning, practicing and growing.

Blockchain technology does not only covers cryptocurrency, it is used for every other purposes like the medical system, book keeping, industrial process system and other sectors, it can be used to store data and informations while making everything transparent and reliable, that's why it's suitable for cryptocurrency, not that blockchain technology is a scam, it's not so.


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February 12, 2025, 04:13:56 PM
 #20

Watin you talk na true, no be for only cryptocurrency self any business you won start you need to know the risk way they inside before you start am, like for crypto you need to carry am for the back of your mind say e they highly volatile in nature which mean say you fit use your money buy coin today and tomorrow the money reduce, maybe you use 30 thousand naira buy the coin e fit reduce the money to 10 thousand naira, so we need to know the risk before we investment when you know the risk way they inside e go help you make better choice of the kind of coin to invest your money into, for now the coin way better way be say volatile no they too affect am na only Bitcoin, some people go tell there friends about cryptocurrency investment but then no go tell them the risk way they inside.
Knowing about Bitcoin volatility or the crypto market volatility in general dey very important because some people once dey hear Bitcoin now say people they cash out as per BTC lord. Dem go think say once they put their money today by next week or next month their money go double or triple dey no go calm down ask question or even ask the person wey show them make em explain or even use their hand browse out one or two.

  All their mind na say na Bitcoin people dey use make money so once dey put 50k  na next month dem go see like 150k then if they come and see see say their money don drop to like 30k dey go wan get heart attack or fight person wey carry them enter bitcoin market. so this part of knowing say the money wey you put today e fit increase or decree tomorrow dey very important, so anything you see you go hold yourself then you go still they follow up the market for when better bull run go happen so you go see better profit from your money. So yes if you know the risk wey you go face for any investment or business wey you go fit stay for that business for long.

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