Before you invest in crypto know the risk.

[RockBell]

Op if you compare the risk in investing in bitcoin and other shitcoin you go see say that of bitcoin dey less compared to meme coin or other type of crypto. Even stable coin wey be like say e price dey static seff, that one sef still get em own for body. Stabke coin dey tied to one fiat currency so if that currency dey experience inflation the stable coin sef go join am dey experience that volatility,  and that na why I no support the idea of say make Nigeria get em own stable coin because then go just dey sell am against dollar and that fit trigger more volatility. Bitcoin sef dey volatile oo but em volatile tend to approach the bull rather than dump.

We know that they both have risk but shitcoins have more risk than bitcoin because there are a lot of scam projects pout there and that is why it is better in something you have more confidence in to invest because if its about bitcoin when the prices comes down it will eventually go up but when it comes to bitcoin majority of them done even survive the heat because we have seen different cases were its hard to be able to invest in bitcoin and not have rest of mind.

And just because of how unstable the price of bitcoin is you don't even need to worry because how on earth will you invest in bitcoin and you worry about your investment because i came across a financial advice that no matter what you don't need to keep your money in a bank account but rather invest it into something else this is the more reason you should choose what you want to invest and if it about shitcoin its a free place the person can decide to do the investment so this is more reasons we have to make a choice early than lagging in thought on what to do.

[Zanab247]

Op if you compare the risk in investing in bitcoin and other shitcoin you go see say that of bitcoin dey less compared to meme coin or other type of crypto. Even stable coin wey be like say e price dey static seff, that one sef still get em own for body. Stabke coin dey tied to one fiat currency so if that currency dey experience inflation the stable coin sef go join am dey experience that volatility,  and that na why I no support the idea of say make Nigeria get em own stable coin because then go just dey sell am against dollar and that fit trigger more volatility.

It is better to take BTC risk than altcoin risk, not that u are not going to earn profit from altcoin but the confident to hodl altcoin for long periods of time before u can trade to earn good profit is not too guarantee compare to BTC u will hodl like 3 or 4  years to earn big profits. For u to succeed in those decentralized currency investment that has risk, ensure u have the knowledge of the investment before taking their risk so that whenever the price is falling in the market it will not cause u high blood pressure.

Don't allow anyone to deceive u that those stable coins are more profitable than unstablecoins, BTC has proven to many investors to embrace BTC risk because the profit u will earn from BTC, it will be hard for u to earn such profits from stablecoins

[Agbe]

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.

You're right volatility is one thing that can affect the price of Bitcoin so people who are coming into Bitcoin should be well informed from the beginning so that they know what is really involved in Bitcoin related investment just as in every business that people go into there are risk factors involved Bitcoin is not an exception, there was a time that the price of Bitcoin was $100k but as it stands Bitcoin is fluctuating less than $80k so for people who must have invested in Bitcoin when the price was $100k must have been disappointed seeing the current price now so they have to be properly informed that sometimes it's like this but gradually the price will appreciate over the $100k that they invested with and that will take a little bit of time

[Mehmet69]

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 right. Before investing, we all need to know about cryptocurrency. Nowadays, people are very lazy to gain knowledge themselves. They always think that someone else will devote complete knowledge to them. Such stupid people face losses again and again.

There are thousands of coins in cryptocurrency. But among them, the characteristics of Bitcoin are the most different. Bitcoin is controlled by a completely secure blockchain. It is the most volatile market leader. There are also many more shitcoins and mimicoins in the market. Shitcoins and mimicoins increase in price only once in their life cycle and after a short time it returns to its previous place.

So as an investor, you always have to remember where you are investing. If you want to be a right investor, you first have to find a reliable currency.

But yes, I request you to invest with a proper understanding of the risks of each investment.

[asarfiar]

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.

You're right volatility is one thing that can affect the price of Bitcoin so people who are coming into Bitcoin should be well informed from the beginning so that they know what is really involved in Bitcoin related investment just as in every business that people go into there are risk factors involved Bitcoin is not an exception, there was a time that the price of Bitcoin was $100k but as it stands Bitcoin is fluctuating less than $80k so for people who must have invested in Bitcoin when the price was $100k must have been disappointed seeing the current price now so they have to be properly informed that sometimes it's like this but gradually the price will appreciate over the $100k that they invested with and that will take a little bit of time

You made a good comment. Everyone needs to know that the Bitcoin market will always be unstable Many people in the forum do not know what strategies to invest in Bitcoin Some people feel unrest when the price is worn, which makes the whole market an old market. Basically because of such investors, the Bitcoin market is always Throughout the instability goes. So prepare yourself mentally and economically then invest in Bitcoin.
 
I think it is not right to compare Bitcoin to any Altcoin and Shitcoin. If you can create a mindset of patience and long -term investment, then Bitcoin is above everyone. You can invest Shitcoin or Altcoin for a short time but it may not be eligible to get a high return. And if Bitcoin investment can be kept for a long time, then it is expected that you will be able to earn a lot of money.

[Jaycoinz]

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.

Before you go wan do something you go actually check the thing na, because person no fit just wake up for morning talk say e wan make investment on crypto without am properly knowing what he is involving himself and that's why anyone way do such thing na just ponzi scheme e go don think say crypto investment be and he no go reach anywhere before e find out the truth himself. this kind person go lose money well because he go learn out the hard way about everything.

[DaNNy001]

Cryptocurrency works more when you understand it, you cannot invest in something that you don't understand. You must also know that the market doesn't operate based on your mistakes...this is why you must understand the market first before you think about trading, don't just dive into it and start chasing Profit...go for the knowledge first and after a few months you can work on making money form it.. cryptocurrency is risky but the losses can be controlled when following the principle of risk management

[Jostern]

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.

Some risks can result in a huge payoff, but one should be aware of the risks before doing them. Many people have made the same mistake by taking such risks to invest their money without doing the necessary research, whereas some people know that the investment they want to put their money in carries a lot of risks and they could lose money if they invest their money, but greed will not prevent them from doing so.

I agree with you, no matter how promising an investment looks, there is always some risk involved. We are aware that Bitcoin investment is a highly trusted place to put money, and those who are unfamiliar with it will conduct research before putting their money in. It does not mean that Bitcoin investment has a lot of risks, but they want to understand where they can invest their money, and not all investments are worth putting our money into, regardless of the huge profits they can provide in return.

But at least before we venture into Bitcoin its is important to know about it, and have good knowledge about what we are trying to put our money into, This is not only Bitcoin but our everyday endeavor's.
That is why it is also important to understand the risk associated with Bitcoin which I boldly say as long as you have a good strategies you will have a
good return of investment. Bitcoin is a risk worth taking.

[Judith87403]

Sure, is very necessary for one to know the risk that is involve in crypto investment before investment will be made should incase the outcome didn't work as you expected you won't panick, or considering your own case being different from other investors. Because most guys always form the habit of jumping into something probably after they most have heard success story about how must folks are making a huge profit from thier investment without knowing that those folks do experience lose most times in the market.

[Princess Leah]

Sure, is very necessary for one to know the risk that is involve in crypto investment before investment will be made should incase the outcome didn't work as you expected you won't panick, or considering your own case being different from other investors. Because most guys always form the habit of jumping into something probably after they most have heard success story about how must folks are making a huge profit from thier investment without knowing that those folks do experience lose most times in the market.

To me, I think the major risk involved in Crypto investment is investing on the wrong Cryptocurrency, there are lots of Cryptos bur there's only one Cryptocurrency that's good for investment and it's no other but Bitcoin, others are pump and dumps with short-term features and the others of the project can take their profits which would cause a rug pull but that doesn't occur when you invest in Bitcoin, it has long-term goals and strategies that could help against volatility for instance the DCA.

 Investing in Bitcoin doesn't really need too much knowledge cause it's a process, you just have to take note of them most important things for a start then you'll learn the rest as time goes and it's less riskier that investing in other cryptos infact their would be no calls for panic expect you do it the wrong way.

[Africolo]

Sure, is very necessary for one to know the risk that is involve in crypto investment before investment will be made should incase the outcome didn't work as you expected you won't panick, or considering your own case being different from other investors. Because most guys always form the habit of jumping into something probably after they most have heard success story about how must folks are making a huge profit from thier investment without knowing that those folks do experience lose most times in the market.

What's the outcome of our actions if we failed to make proper decisions that will explore our very existence in the space? Cryptocurrency is very risky, first think it thoroughly through before embarking on the system to invest. I know how my colleagues rush into the space with good capital and at the end of the day, they left with nothing. Risk management is very crucial and important in the system. Atleast we know what we're doing for ourselves and bringing on tactical changes to endeavor good standards in the space.

[Dannyella]

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.

As a beginner in crypto you need to try to understand how it works. So when you lose money you don't think it's village people.the price of crypto can rise massively causing u to gain or it can fall heavily leaving u with so much loss.you don't have to panic cos it's how crypto works.there is no probability that market will always work in your favour.it's a risky ballgame but you keep being consistent you will begin to understand how it works along the line.you need to understand that there are also fraudsters everywhere looking for who to scam so you have to trade with caution and be careful of who you trust.it's better to learn about crypto to an extent before investing and don't put all your money all at once rather u can invest bit by bit.

[Hustle2025]

Knowing the risk and the uncertainties associated with cryptocurrency investment is as important as having the capital to start the investment. The prerequisite knowledge you have about the risk associated with cryptocurrency investment is a guide and a step towards achieving success in your investment.

Having the primary knowledge of the risk associated with cryptocurrency investment gives you an edge to succeed, because you will know how to analyze and manage the risk involved. It helps you take a calculated risk, it can also help you develop an investment strategy that maximize profits and minimize loose.

[Jubilee58]

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.

Cryptocurrency is a volatile asset , and more volatile than stock and at the same time more rewarding than stock. Take for instance Bitcoin, though a volatile asset but more rewarding than any stock that you can mention. Investing in cryptocurrency is risky, so that before you make any investment in cryptocurrency, it is necessary you know the fundamentals or the reliability of the coins you invest your money. Most cryptocurrency are not reliable, at some point they can crash and reduce to zero .

Many cryptocurrency are not trust Worthy, and for this reason most investors and industries have chosen bitcoin to invest in it because, bitcoin has proven to be a reliable cryptocurrency, it has stood the test of time without disappointing investors who are in for long term investment. While you are looking for a reliable cryptocurrency, Bitcoin has emerged the best cryptocurrency among others. Institutions, countries and individuals are accummulating bitcoin every now and then because of it's potentials and originality.

Cryptocurrency is not regulated for now, but debates are going on concerning the regulation. Cryptocurrency is a new investment sector among others like stock , forex etc. I understand that many investors are trying to remain cautious because is not yet regulated, as regulation will boost investors confidence. With the present bitcoin institutional adoption, I strongly believe regulation will one day become a reality.

[Mr_Brilliant$]

you know, this is something people ignore until it is too late...  Before putting money into crypto or bitcoin, you really need to understand the risks involved, because the market will be very very unforgiving if you go in blindly.. Prices move fast and anything can happen and if you are not prepared, it will mess with your head and your finances.

But this is not even about crypto or Bitcoin alone.. It applies to anything you’re investing in..  be it Stocks oo, business, real estate, whatever it is. You must know the risks involved and accept them before you enter.. And most importantly, only risk money you are permitted to lose, money that would not affect your normal life if e cast... That mindset alone saves people from a lot of unnecessary stress..

[Uhwuchukwu53]

Sure, is very necessary for one to know the risk that is involve in crypto investment before investment will be made should incase the outcome didn't work as you expected you won't panick, or considering your own case being different from other investors. Because most guys always form the habit of jumping into something probably after they most have heard success story about how must folks are making a huge profit from thier investment without knowing that those folks do experience lose most times in the market.

Your correct, knowledge of what the system entails is very crucial to any investor in Bitcoin or crypto generally, success story of others is never a convincing power to jump into investment without know other  side of the risk involved, many today cried for loss and even regret partaking in crypto investment because of how speedy the entered the system without any sense of details while investing, proper knowledge help in cutting down losses, allow proper decision when the expectations seem to be cut short, it removed regret and depression faced by many investor whose knowledge is very minimal or less before taking action. One must fully be aware that the system is not quick to get rich and is not forward movement it could be rigorous do to it's volatile nature.

[Yablee0]

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.

It is more saver knowing the risk involved before jumping into any investment to save your head from heart break or mental doom, however their was one of my friend that ran into a business deal without proper investigation about the potential risk involved if truely it was an authentic deal or  a scam , little did he knows that the single action of he's was the fastest track  to his down fall, though he was lucky enough to notice a fowl play on time but sadly enough he already lost over $1000 before realizing.

Stressing further, their is no investment that doesn't has a risky side of it, the ability of discovering the risk involved and figuring a better way of conquering it is what actually makes one a successful investor and that's true, moreover no investment is risk free you must be a risk taker if you really want to be a successful investor.

[Alonso_]

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.

Well that is a very good move, which means that we are going to have to study how things will pan out when it comes to investing in any cryptocurrency and how we can possibly manage the risk available, because there is no investment without risk and we have to find a means of managing that anyway possible.

But you would never be glad as much as I could really see how things scenario would have to pan out, but just learning and trying to have this little knowledge and details about how things work is just the best possible way to handle things.

[PremiumcryptoHub]

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.

It is more saver knowing the risk involved before jumping into any investment to save your head from heart break or mental doom, however their was one of my friend that ran into a business deal without proper investigation about the potential risk involved if truely it was an authentic deal or  a scam , little did he knows that the single action of he's was the fastest track  to his down fall, though he was lucky enough to notice a fowl play on time but sadly enough he already lost over $1000 before realizing.

Stressing further, their is no investment that doesn't has a risky side of it, the ability of discovering the risk involved and figuring a better way of conquering it is what actually makes one a successful investor and that's true, moreover no investment is risk free you must be a risk taker if you really want to be a successful investor.

You have explained your correct opinion, knowing the risks before jumping into any investment plays a more prominent role in saving you from mental breakdowns but we can emphasize that there is no such investment that is risk-free. So I think the OP may have created a great educational topic for us Nigerians who are ignorant about crypto because although investing in the crypto space may seem easy at first glance, it is not, because it requires market trends, charts and analysis. Therefore the friend you mentioned here may have known very little about these things because of which he has already lost $1000, he may be in the initial stages of correcting this mistake because this way he will gain experience and later try to invest through market trends, charts and analysis or try to learn about the risks.

[Su-asa]

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.

This is something we all already know, except the beginners which and they can also know this same thing if they are smart enough  to make their own research instead of relying on others. However, as a beginners in the future space, knowing what you are dealing with is something very important. Because by knowing how Bitcoin works you will understand that it's a digital asset that adds value with or every 4 years. Although they should also understand the risks involved into it so that they will know to invest or trade with what they can afford to risk. Another thing to know here is a good strategy to use in other to make good profits from crypto investments.