Before you invest in crypto know the risk.

[SmartCharpa]

I’m not in the league of being knowledgeable first before accumulating bitcoin,there’s absolutely no time to waste.I don’t consider acquiring knowledge before investing a waste of time anyways but that’s what you can do as you’re accumulating bitcoin.Most investors started their bitcoin investment journey with “bitcoin is volatile” that was only the knowledge they had then but as time goes on they became more exposed and enlightened about bitcoin.So in my own perspective,don’t allow acquiring knowledge to hold you from starting right away with your bitcoin investment journey.

Accepting to what Op dey try to explain. E get some people wey be say dey don’t understand what they are doing. Many people misunderstood Bitcoin as one of those shitcoins where you can make quick profits. The most important thing is that knowing what you are doing. As an investor, understand waiting you dey try invest your money into. It’s not when the market begin to they drop, some people go begin to sell, thinking maybe the market will not recover again.

In addition, it’s not a good idea make person try to understand everything before they invest, all the time wey you dey use to understand everything, you could have use them to invest and understand it much better. They say practice makes perfect. So the more you invest in Bitcoin the more you gain more knowledge. And if you no get money to invest, dont go and borrow, you can just continue to dey learn.

[Pi-network314159]

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

There are 3 classification of crypto currency
1) a digital currency
2) An asset
3) a store of value

It function in many ways, so if you say you are purchasing crypto currency with fiat don't also forget that it's Also a currency of it own but a digital currency. Which means it can be used for payment, not only payment within but across the universe i.e botherless transaction. It  is Also an asset which ca be bought and kept and it increases in value over Time. So when explaining it don't only explain it the way you Know, Think outside the box.

[JoyceBTC]

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.

Knowing cryptocurrency like bitcoin involved risk doesn’t necessarily mean one shouldn’t take the risk, the risk is worth taking, that why people take the risk to buy cryptocurrency, more especially bitcoin. Every investment involves risk, which the risk is inevitable and anyone scared of taking the risk is not yet ready to start investing.

Bitcoin is a store of value and despite the high risk, over the years so many has still benefited. Profit is never guaranteed but it is worth taking more especially for long term investors.

[Zackz5000]

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.

Knowing cryptocurrency like bitcoin involved risk doesn’t necessarily mean one shouldn’t take the risk, the risk is worth taking, that why people take the risk to buy cryptocurrency, more especially bitcoin. Every investment involves risk, which the risk is inevitable and anyone scared of taking the risk is not yet ready to start investing.

Bitcoin is a store of value and despite the high risk, over the years so many has still benefited. Profit is never guaranteed but it is worth taking more especially for long term investors.

Investing in other cryptocurrency that is not Bitcoin is where the risk becomes much, some persons has committed suicide because they choose to invest into shitcoins and altcoins, of a true no investment is risk free but the risk in investing in Bitcoin and holding it for long is less risky mostly when you are accumulating your Bitcoin with your discretionary income, as a volatile asset the market is full with uncertainty so investing with your discretionary income and holding for long keeps in a more better side.

[Showlove01]

Investing in other cryptocurrency that is not Bitcoin is where the risk becomes much, some persons has committed suicide because they choose to invest into shitcoins and altcoins, of a true no investment is risk free but the risk in investing in Bitcoin and holding it for long is less risky mostly when you are accumulating your Bitcoin with your discretionary income, as a volatile asset the market is full with uncertainty so investing with your discretionary income and holding for long keeps in a more better side.

You are absolutely correct Bitcoin investment is not guarantee but at least it is safer than any other crypto Investment especially those memecoins, most of them if not all of them are all scam project they have their strategy of making folks belief they are genuine and then after pumping in large amount of money the market will drop massively, in this kind of situation if you don't use your discretionary income and this happens one can be tempted to take their life. However, greed will not allow some people to do what is safe for them and encourage.

[Hyphen(-)]

You are absolutely correct Bitcoin investment is not guarantee but at least it is safer than any other crypto Investment especially those memecoins, most of them if not all of them are all scam project they have their strategy of making folks belief they are genuine and then after pumping in large amount of money the market will drop massively, in this kind of situation if you don't use your discretionary income and this happens one can be tempted to take their life. However, greed will not allow some people to do what is safe for them and encourage.

The real crypto investment is Bitcoin investment and maybe some reputable altcoins that have gain recognition which is also very risky compare to Bitcoin investment, therefore, we can say that the only reliable crypto investment is the Bitcoin investment because all these meme coin investments is just a means to get quick profit in cryptocurrency, we can consider them as investment because you will not have rest of mind if you invested in such meme coins, your attention will always be in the market, monitoring everything movement instead of buying Bitcoin and have peace of mind as long as you hold in a non-custodial wallet were you have your seed phrase in your possession.

Nevertheless, the risk management we need to learn is important even in Bitcoin investment, learning about how Bitcoin works alone is a step to prevent the risk of losing your coin, therefore, learning how to protect your seed phrase, the right way to send Bitcoin, wallets, keys and address are all important, with these knowledge, one is good to go and have no fear about Bitcoin investment.

[Olatundespo]

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.

Knowing cryptocurrency like bitcoin involved risk doesn’t necessarily mean one shouldn’t take the risk, the risk is worth taking, that why people take the risk to buy cryptocurrency, more especially bitcoin. Every investment involves risk, which the risk is inevitable and anyone scared of taking the risk is not yet ready to start investing.

Bitcoin is a store of value and despite the high risk, over the years so many has still benefited. Profit is never guaranteed but it is worth taking more especially for long term investors.

As you said, Bitcoin is a store of value. That is why we need to increase our investment in Bitcoin. Bitcoin is better than spending time and money on something cheap and worthless. Even if someone does not have the funds available to take risks, they can invest in Bitcoin if they have a discretionary income stream available. Simply put, whatever your income is, buy Bitcoin from the amount of funds available after meeting the basic needs of the family every week. You will be successful in long term investment only if you are regular without wasting time or money.

If you can acquire the basic knowledge required to understand the value of Bitcoin, you will be able to build a large Bitcoin holding. It will take morale and discipline in investing, this disciplined plan will make you aware of creating an emergency fund and keeping a floating reserve and focusing on accumulating Bitcoin regardless of the price until you reach overaccumulation.

[Sulegzy39]

The true cryptocurrencies capital is Bitcoin investing and maybe some trusted cryptocurrencies that have gained awareness, that is also very risky when compared to Bitcoin investment, and therefore, we can say that the only reliable crypto investment is the Bitcoin investment because all these meme coin assets are just a means to get quick profit in cryptocurrencies, so we can consider them as investment because you will not have rest of mind if you invested in such meme coins, if you pay your consideration.

However, risk analysis is important to learn even in Bitcoin investment; learning how Bitcoin works alone is a step towards reducing the risk of losing your coin; thus, learning how to protect your seed phrase, knowing the proper way to send Bitcoin, cryptocurrency wallets, keys, and addresses are all important; with this knowledge, one is ready to go and have no fear about Bitcoin purchasing.

[Freeveto]

However, risk analysis is important to learn even in Bitcoin investment; learning how Bitcoin works alone is a step towards reducing the risk of losing your coin; thus, learning how to protect your seed phrase, knowing the proper way to send Bitcoin, cryptocurrency wallets, keys, and addresses are all important; with this knowledge, one is ready to go and have no fear about Bitcoin purchasing.

Risk analysis is mostly needed in trading aspect especially in the futures trading aspect where you will protect your capital through applying risk management to reduce the risk of losing your capital in a single trade.
When it comes to bitcoin investment, the only risk you should manage is the risk of losing your investment if you don’t hold your bitcoins in a good wallet or you leave your bitcoins in an exchange. It is good to use good wallet with good reputation, so that your assets can be safe.

[Itz-prisigold]

You are absolutely correct Bitcoin investment is not guarantee but at least it is safer than any other crypto Investment especially those memecoins, most of them if not all of them are all scam project they have their strategy of making folks belief they are genuine and then after pumping in large amount of money the market will drop massively, in this kind of situation if you don't use your discretionary income and this happens one can be tempted to take their life. However, greed will not allow some people to do what is safe for them and encourage.

Another factor  that we humans often overlook is the fact that risk does not only come from the asset you want to invest into, risk can come from how much exposure an investor takes.  To some extent it's actually true that Bitcoin does not have much risk, but the moment you invest all your savings into just one investment, any little price movement can create unnecessary pressure.

That is the reason why it is very important to understand what you are putting your money into and don't invest above your limits.  The moment an investor understand his or her risk tolerance and they don't go above their limit, short term price movement will become something they can manage and not a reason to make emotional decision.

[Silikiem]

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.

Knowing cryptocurrency like bitcoin involved risk doesn’t necessarily mean one shouldn’t take the risk, the risk is worth taking, that why people take the risk to buy cryptocurrency, more especially bitcoin. Every investment involves risk, which the risk is inevitable and anyone scared of taking the risk is not yet ready to start investing.

Bitcoin is a store of value and despite the high risk, over the years so many has still benefited. Profit is never guaranteed but it is worth taking more especially for long term investors.

Investing in other cryptocurrency that is not Bitcoin is where the risk becomes much, some persons has committed suicide because they choose to invest into shitcoins and altcoins, of a true no investment is risk free but the risk in investing in Bitcoin and holding it for long is less risky mostly when you are accumulating your Bitcoin with your discretionary income, as a volatile asset the market is full with uncertainty so investing with your discretionary income and holding for long keeps in a more better side.

You’re right, altcoins possess more risky threats than bitcoin as majority of them aren’t viable even though you’re holding them for a long term they’re not just adding anything of value. At least judging from past bitcoin performance we can see that bitcoin has great potential especially when held for long term,  It doesn’t just pump and dump and couldn’t recover, it had a great potential to recover after every market downturn as its evident of the current sharp increase in bitcoin at $77k currently after being dumped several weeks around 63-$64k.

[ruykeri]

Investing in other cryptocurrency that is not Bitcoin is where the risk becomes much, some persons has committed suicide because they choose to invest into shitcoins and altcoins, of a true no investment is risk free but the risk in investing in Bitcoin and holding it for long is less risky mostly when you are accumulating your Bitcoin with your discretionary income, as a volatile asset the market is full with uncertainty so investing with your discretionary income and holding for long keeps in a more better side.

You are absolutely correct Bitcoin investment is not guarantee but at least it is safer than any other crypto Investment especially those memecoins, most of them if not all of them are all scam project they have their strategy of making folks belief they are genuine and then after pumping in large amount of money the market will drop massively, in this kind of situation if you don't use your discretionary income and this happens one can be tempted to take their life. However, greed will not allow some people to do what is safe for them and encourage.

Greed makes people forget about risk. It can turn an investor into a short-time trader, and sometimes it is seen that many people sell bitcoin and start trading in other cryptos in the hope of making 20x profit. Such decisions cause even greater losses. Bitcoin has many good aspects due to which people invest in bitcoin, its acceptance is quite good, but other crypto are not as strong as bitcoin. Sometimes the price increases very quickly, but when it starts to decrease, the entire fund is lost. For this reason, all investors should be patient and continue investing regularly. If you are too greedy, you ultimately lose everything. And investing in bitcoin means that it creates an opportunity to make profit in the long term. Due to the unstable price of bitcoin in the short term, it is not possible to predict it. So if someone wants to do short-time trading in bitcoin, it will also become like gambling. Where there can be loss or profit depending on luck. If someone has made a profit in bitcoin by trading in the short term, then he has also lost the opportunity to make  profit in the long term.

[Johnlomape]

Investing in other cryptocurrency that is not Bitcoin is where the risk becomes much, some persons has committed suicide because they choose to invest into shitcoins and altcoins, of a true no investment is risk free but the risk in investing in Bitcoin and holding it for long is less risky mostly when you are accumulating your Bitcoin with your discretionary income, as a volatile asset the market is full with uncertainty so investing with your discretionary income and holding for long keeps in a more better side.

You are absolutely correct Bitcoin investment is not guarantee but at least it is safer than any other crypto Investment especially those memecoins, most of them if not all of them are all scam project they have their strategy of making folks belief they are genuine and then after pumping in large amount of money the market will drop massively, in this kind of situation if you don't use your discretionary income and this happens one can be tempted to take their life. However, greed will not allow some people to do what is safe for them and encourage.

There is no way we can assume that all memecoins are scam when there are good ones in the market that are still trending and their holders are also making money from holding them. Bitcoin is the only coin I am proudly holding and its better than thousands of altcoins in the market. Bitcoin has been pumping and their are so many people that are happy now making money from their holding.
Immediately the price of Bitcoin starts going down, their will be so many people complaining about their holding which is something we have been seeing in the market.

[Btcdeybodi]

There is no way we can assume that all memecoins are scam when there are good ones in the market that are still trending and their holders are also making money from holding them.

You're right that all memecoins are not scam but the chances of many of the being scam is high because these are coins that came out as a result of social hypes and influence. You can just go on social media and see a memecoin that people are hyping and decide to join them to invest in it. Most people who invest in memecoins do not use a large amount of money because they know that it can later turn into a scam by pumping and dumping instantly after a lof of investors might have started to flood in.

Bitcoin is the only coin I am proudly holding and its better than thousands of altcoins in the market. Bitcoin has been pumping and their are so many people that are happy now making money from their holding.
Immediately the price of Bitcoin starts going down, their will be so many people complaining about their holding which is something we have been seeing in the market.

Bitcoin do not even necessarily needs to pump, even with the little increase you will see that it is not one of those coins that can dump so badly and find it difficult to recover. For example, the price of bitcoin dropped below $60k about a couple of months ago but just look at how the price increased recently and crossed $80k and possibly in the coming weeks or months, we can even see the price climb further so all you need is just to invest in Bitcoin and hold, then be patient with the market.

[Somto9Light]

I’m not in the league of being knowledgeable first before accumulating bitcoin,there’s absolutely no time to waste.I don’t consider acquiring knowledge before investing a waste of time anyways but that’s what you can do as you’re accumulating bitcoin.Most investors started their bitcoin investment journey with “bitcoin is volatile” that was only the knowledge they had then but as time goes on they became more exposed and enlightened about bitcoin.So in my own perspective,don’t allow acquiring knowledge to hold you from starting right away with your bitcoin investment journey.

Acquiring basic knowledge is necessary because as someone who wants to start investing in bitcoin, you must have a direction of how to buy bitcoin, which wallet to use and how to secure your seed phrase. These are just the basic knowledge you need but if you say that you don't even want to have any knowledge before you start investing, it sounds like you want to invest blindly without knowing some primary things that should important at the start. Of course you don't need to acquire all the knowledge but it will be appropriate to have a glimpse of what bitcoin investment is all about

[Fiasem20]

I’m not in the league of being knowledgeable first before accumulating bitcoin,there’s absolutely no time to waste.I don’t consider acquiring knowledge before investing a waste of time anyways but that’s what you can do as you’re accumulating bitcoin.Most investors started their bitcoin investment journey with “bitcoin is volatile” that was only the knowledge they had then but as time goes on they became more exposed and enlightened about bitcoin.So in my own perspective,don’t allow acquiring knowledge to hold you from starting right away with your bitcoin investment journey.

Acquiring basic knowledge is necessary because as someone who wants to start investing in bitcoin, you must have a direction of how to buy bitcoin, which wallet to use and how to secure your seed phrase. These are just the basic knowledge you need but if you say that you don't even want to have any knowledge before you start investing, it sounds like you want to invest blindly without knowing some primary things that should important at the start. Of course you don't need to acquire all the knowledge but it will be appropriate to have a glimpse of what bitcoin investment is all about

Just like I said in my post,it’s still important to acquire the basic knowledge about bitcoin before investing but to me it seem like you’re delaying your investment journey,the reason why I said it may seem as a delay is because alot of newbies have been using this excuse of acquiring knowledge to procrastinate their bitcoin accumulation journey and at the end of the year they would do nothing.And again both acquiring basic knowledge and accumulating bitcoin can be done same time,acquiring the basic knowledge doesn’t stop one from investing in bitcoin,and the newbies on this forum are more privileged to become more enlightened about bitcoin because this forum stands as a guide.

[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.

of course before putting money into crypto you should understand the risk it involves and if you would be able to handle it without panicking .Also you should understand that market changes fast and what you think is a certain amount today can drop drastically the next day.crypto can offer opportunities but every opportunity comes with risks which can help you avoid unnecessary mistakes  so before thinking of investing in crypto the question you need to ask your self is “How much you can make,what you could lose and also if you are prepared for anything like risks that comes with it.”

[Babeth534]

Knowing the risk means knowing the rules. Before you put your money into cryptocurrency, you  should be prepared for the gains and losses. Setting your mind for just the benefit will eventually put you in trouble when trouble arises, lol. Always make sure you are well prepared and can handle the worst  that can happen.
Crypto is very unpredictable, get to know how specific coins work and how fast your money can shrink within a twinkle of an eye. Knowing this means knowing peace so you make calm decisions rather than an emotional one. 

[MainIbem]

Knowing the risk means knowing the rules. Before you put your money into cryptocurrency, you  should be prepared for the gains and losses. Setting your mind for just the benefit will eventually put you in trouble when trouble arises, lol. Always make sure you are well prepared and can handle the worst  that can happen.
Crypto is very unpredictable, get to know how specific coins work and how fast your money can shrink within a twinkle of an eye. Knowing this means knowing peace so you make calm decisions rather than an emotional one. 

When you understand the risk in a particular thing you'll try manage it to avoid losing completely, lose is inevitable in every investment but manaing it is important and that's where understanding the risk comes in. People who understand the risk of certain things especially when it involves losing money doesn't just go all in but use their leftover funds incase anything goes wrong it won't affect you much you didn't risk money meant for important things.

[Brizi5000]

Knowing the risk means knowing the rules. Before you put your money into cryptocurrency, you  should be prepared for the gains and losses. Setting your mind for just the benefit will eventually put you in trouble when trouble arises, lol. Always make sure you are well prepared and can handle the worst  that can happen.
Crypto is very unpredictable, get to know how specific coins work and how fast your money can shrink within a twinkle of an eye. Knowing this means knowing peace so you make calm decisions rather than an emotional one. 

It is equally important that when investing in crypto it’s important that you don’t waste your time investing in shitcoins as most of this cryptocurrency are shitcoins without any real value even when held on the long run. Bitcoin have proven to be the most valuable crypto asset and has demonstrated a high potential value on the long run even though it’s goes down at some point it has the potential of recovering and increasing in value.