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Is crptocurencies safe investment?

  • Thread starter Thread starter Ashu
  • Start date Start date
True, like you said there is no business without risk, there is always an element of risk involved. Currently investing in crypto has been on the high. So yes you can invest on crypto but dont carry a mindset of making it instantly
 
Definitely I think cryptocurrency is a very safe investment especially if you're looking to invest on a long-term basis. So yeah cryptocurrency is definitely a safe investment because of the accumulation in value of some of the coins you invested in.
 
a lot of people are believing that cryptocurrency is what will be used in the future as digital currency and in this case I think it is advisable for you to invest in cryptocurrency because according to a lot of people it is the future digital that will be used in the world for purchase of goods and services.
 
Well as far as I'm concerned cryptocurrencies are legitimate investment but you have to be very wise when you are investing so that you will not invest in such a way that when you lose you will say that it's a scam.
 
Crypto is never a safe investment option online, is risky but legitimate way of earning money online. You should only adfford to risk what you think it can't affect you.
 
Well crypto is entirely a risk free but the risks of calculated well can be avoided by investors, it has it's risks no doubt and it's those risks that determines it's rewards too
 
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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Very true and well put. We should be very careful when it comes to making investments with our hard earned money on cryptocurrencies. They also have their own risk factors like any other business out there too
 
Cryptocurrencies is a safe type of investment. Yes it's true that every investment is a risk. But you can get the right knowledge on cryptocurrency Investment from someone who is actually making it in the cryptocurrency market
 
It is perfectly safe provided you hold your currencies for a long time. Currently the prices for most of the currencies are dropping, but it will go up soon.
 
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.
Click to expand...
Cryptocurrency is generally safe but you have to be very choosy in the type of coin you are investing in, if you choose popular coins like bitcoin and Ethereum and others you have little or nothing to worry about about security of funds.
 
I think crypto currency investment is safe investment provided you have invested for a long term.Let say, you buy bitcoin today for $35K, and hold for 5 years, you will surely make profits
 
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.
Click to expand...
No, truth be told. It's not totally safe. But it can guarantee you profits overnight. However with deep carefulness and extreme studies and analysis, you can make a successful cryptocurrency investment without any problem.
 
When it comes to cryptocurrencies, safe is a relative word as the market is inconsistent. Its up today and down tomorrow. However, for long-term purposes, I think it's a good investment.
 
As we all know, a lot of risk is involved in the crypto world. So, I will still go with the advise someone posted above, that if you don't have the heart, don't go into crypto investment. You can just hold some amount of money in some fewvpopular coins and watch the markets and decide to sell off or not. Or better still, there are many other earning opportunities to join. It is just my opinion and contributions.
 
cryptocurrency investment is something I still do not understand because I don't even know if I need to take a decision to invest in it or not,this could actually be a scam because the price and the volatility is trickish,I can't even understand if it is a safe investment I want to.
 
Cryptocurrency is a safe investment when you know and understand the right time to invest your money and the right cryptocurrency to invest on. Not by just relying on speculations from people.
 
Nothing like that in crypto currency!!!! Its never safe!? Its highly risky and if it works for you it can change your destiny. But you have to take a decision for yourself.
 
KvngMurphy said:
Yes it's very safe to invest in crypto currencies so long as the wallets you are trading with is secured. A friend of mine once got scammed from using a fake Crypto wallet and ever since he's been finding bit difficult to trade crypto.
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To me crypto currency investment is very safe and that's if you have a good and secure wallet that you can save your crypto currency coin without being hacked or getting a fake crypto currency.
 
No investment is safe for profit, if not everyone could've become millionaires investing around Cryptocurrency. It comes with its own risk.
 
Cryptocurrency comes with it's own risk and we only need to work towards positioning ourselves to be able to benefit from it in the long run. Research is necessary
 
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