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Is crptocurencies safe investment?

  • Thread starter Thread starter Ashu
  • Start date Start date
Yes investing on crypto currency is just the best investment so far, becomes the money will continue to appreciate provided that the particular coin is adding in value, and even if you lost your phone the money is still in your wallet, all you need to do is just to buy another phone and then install the wallet again, and you will see your money,
 
Cryptocurrencies are a safe form.of investment as we all know it to be today. Investing in cryptocurrencies is also a very good way to earn some money on the fluctuating prices of the coins. You must know the risks involved in any business to mitigate losses
 
Crypto currency is a lot very reliable investment if well look into the particular one you want to invest on thoroughly. You stand to earn a lot within a short period of time when you invest in crypto currency that is reliable.
 
Cryptocurrency exchanges have been prone to hacks and other criminal activity. These security breaches have led to sizable losses for investors who have had their digital currencies stolen, never to be seen again. Frauds and scams are also rampant in the crypto industry
 
Ashu said:
Investing in any medium is risky i know, specially we should avoid unnecessary risk when it comes to our hand-earned money. For crptocurency same things apply.
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The first time of investing, especially any high risk one, is that one must never invest more than you are willing to lose. Your whole portfolio can be wiped out Ina day, especially when one trades constantly.
 
If you are looking for a quick gain, I think think crypto currency can be considered profitable, however, for long term investment strategy, crypto currency can be considered very profitable. Price fluctuates, therefore, short term gain may not work
 
Cryptocurrencies can be a safe investment and also be a risky investment at the same time, their is no business or investment that has no risks in it,only that you weigh the both sides and venture into the one with lesser risks.
 
Investing on crypto currencies is actually different from trading. What i can say is that for a person who wants to invest on crypto currency the person should bear in mind that he is going to a long trade. its not profitable to invest on crypto with money that u cant lose
 
All business online and offline is risky, no business is safe the way you think. Ability to take the risk, with calculation stands you a chance to make future investment profit on any one you choose to invest your money in.
 
Mostee501 said:
Cryptocurrencies can be a safe investment and also be a risky investment at the same time, their is no business or investment that has no risks in it,only that you weigh the both sides and venture into the one with lesser risks.
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I think cryptocurrency investment is safe in the sense that cryptocurrency price has the full capability to rise. The problem is that the rpice can fluctuate at any time and remain constant for a very long period of time. I have noticed that this has happened with the Cardano cryptocurrency. This is why it is wise to sell the right crptocurrency at the right time.
 
whenever you think about investment,always think about the lost ahead of the gain of profit they might have tell you about it..
Cryptocurrency is very volatile and so is not really safe as a saving, but it is very good as investment. Except if you want to use USDT.
 
Daniel52 said:
whenever you think about investment,always think about the lost ahead of the gain of profit they might have tell you about it..
Cryptocurrency is very volatile and so is not really safe as a saving, but it is very good as investment. Except if you want to use USDT.
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Yes, I have noticed that USDT Tether is the only currency that is not volatile at all and its price has remained consistent for a very, very long period of time. I think USDT Tether has soemthing to do with the USD and this is the reason wht its price does not fluctuate at all. It has something to do with USD and its price only fluctuates in terms of fiat dollar currency, not its actual value.
 
It is a two edged sword. The rate at which crypto currency pumps money just like under six months bitcoin made a lot of people millionaire and so does it take the money
 
Crptocurrency is a safe investment. But youbshould really know how to go about it so as not to risk too much and end up lossing your investment
 
I think you can absolutely trust cryptocurrency investment. However, if you are thinking about short gains, cryptocurrencies may not help you much. You need to invest for a long term
 
investment in crypto means taking risk if you are not ready to beat the risk don't even try it because you may lose an then you may at the same time succeed.
 
There is no investment without one form of risk or the other. Every business comes with it own risk, once we have the dept knowledge of what the business is all about the challenges surrounding the risks is half solved.
 
Buying cryptocurrency is a safe investment and it does not come with too much risk. However you need to be knowledgeable if you want to invest in the right coin.
 
Concerning if crypto currency is a safe investment. Well, I would consider the safe aspect quite high than it unsafe part. Investment in crypto currency is encouraged when you as a trader understand the basics and how the market operates, with these, you can be rest assured that it is a safe investment, one can be scared at times because of hacks and insecurities problems
 
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