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Is crptocurencies safe investment?

  • Thread starter Thread starter Ashu
  • Start date Start date
yes tomato is a safe investment for every individual to invest because it is very lucrative and you can get some out of your money that you invest in a fast rate.
 
Cryptocurrency can be an unsafe investment for you if you see it a thing to be afraid of or safe if you see the potential of what it holds for you financially
 
From my point of view, every investment has its risks, some greater than others. Cryptocurrencies do not escape from this, therefore I think it is not safe, many insiders always publish "invest only what you are allowed to lose" as well as you can win a lot, you can lose everything.
 
A friend of mine, an Italian webmaster says not safe at all for the following reasons:
1)we can't know when our government, especially talking about tier3 and tier4 countries, decides without previous warning to declare cryptocurrencies illegal. This issue yet happened to several countries, so he is worried about Italy too, even being considered a top tier country
2)he says even coinbase or binance (and whatever custodial exchange) may scam from a day to another, flying away with our cryptocurrency stored (the reason to store into custodial wallets, is sometimes due to interest rate (staking) or to easily and no cost conversion (coinbase)
My friend's ideas are the main reason I don't invest in cryptocurrencies, but I prefer to earn them by online tasks. As I convert to FIAT the main amount, I only leave a discreet earned amount staking mode.
 
I think cryptocurrency is a safe investment. You can treat crypto investment just like investing on stocks and shares. While earning and losing are 50-50 with shares, if you invest on crypto you are always likely to earn
 
I can say that cryptocurrency is about one of the safest investments you can lay your hands on if you can understand quickly how it works to your advantage
 
One is a currency with intrinsic value, such as gold or silver. Two, a currency that has been given in exchange for a specific commodity. Central banks, for example, used to keep gold and issue currencies against it while the world was on a gold standard. Third, there is fiat currency, which is money that the government declares to be legal tender.
 
Cryptocurrency is a safe investment. You just have to trade with a good platform like binance or coin base. The two are very secured and good.
 
Crypto currency is a safe investment ,those who have gained more from it knows that its a safe investment and its a reason you see many rich people investing in the platform
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Crypto currency is a safe investment ,those who have gained more from it knows that its a safe investment and its a reason you see many rich people investing in the platform
 
Last year I bought around 1000 Doge with 3$ or 4$. In few days the price get down and I lost around 1$. Was all my money in crypto at that time :D and I sold fast my Dogecoin and get 3$ back. Few days ago I checked my dogechain wallet and I found I still have 30 Doge, worth of around 7$ now. I was happy, but if there was more...
 
For one to start any business or whatever you have to take risk in order to survive in life, investing into cryptocurrency you can take risk so to make a living.
 
AlexandruCrudu said:
Last year I bought around 1000 Doge with 3$ or 4$. In few days the price get down and I lost around 1$. Was all my money in crypto at that time :D and I sold fast my Dogecoin and get 3$ back. Few days ago I checked my dogechain wallet and I found I still have 30 Doge, worth of around 7$ now. I was happy, but if there was more...
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The price of doge coin is very unstable. Just one tweet from a certain man can make the coin gain value. They are saying it will soon become $1, I think you need to hold into your dgecoin
 
Yes cryptocurrency is a safe investment. Just do your own part in understanding how the parts of trading and using cryptocurrency fits in to your advantage
 
The risks attached to the crytocurrencies is at least very minimal and the reason is that the encryption around cryptocurrencies is already coded so that makes it the most safest investment.
 
Cryptocurrency investments is Avery safe type of investment. In fact, it is even safer than investments in the foreign exchange markets, though it is more volatile I'm comparison to the foreign exchange market
 
Yeah to some extent I think I can confidently say that cryptocurrency investment is one of the safest investments anyone can make nowadays.
 
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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There is no investment that is safe in this world but crypto currency investment is just safe in some aspect, anything can happen , the price might hut the bottom rock and the coin might crash, but i still prefer the crypto investment to other investment.
 
I wouldn't say it is very safe, one can lose all his or her funds to the system. Again the system or exchange platform is not that safe it can be hacked or ones wallet can be hacked if it not well protected and one can lose his or her funds to the hackers. Again the system can crash out.
 
I like to think of crypto currency as high risk investment than fixed deposit in banks because the crypto currency Market is very volatile and may lead to loss of funds.
 
No investment us safe, as long as their is risk. Either you take the risk or you abandon it. Remember the higher the risk, the better the return of interest. And crypto isn't an exemption of risk taking investment scheme.
 
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