Is crptocurencies safe investment?

[Destinyfejiro]

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.

Using the word "safe" I think crypto currency investment are safe investment . Sincerely ,I see crypto currency as a way of getting rich easily provided you clearly know what you're doing . For example,if am not mistaken as at April or May $FTM was at 100 naira or one quarter of a dollar, but right now it's 1.58$ or 550 naira. So if some had invested any amount of money you would be making a x5 gain. So I do see crypto currency as a safe investment.DYOR & NFA

 

[Setho]

Cryptocurrencies are volatile markets and as such will not guarantee you only forward growth so I am not going to consider them as a safe means of investing your money.

 

[Ceeny007]

The volatility nature of the crypto market rules it out as a safe method of investment unless you're buying a stable coin like usdt

 

[Kubiat-Abasi]

It's not safe although it has good attachment to it. Crypto trade is not for the faint hearted. You must be a bonifade entrepreneur to trade on crypto.

 

[Justin]

Crypto currency is safe investment unless you are from my country or from China. In recent time, China has been mercilessly cracking down on bitcoin mining operations. Cryptos are illegal in my home counttry.

 

[Stylex]

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.

investing on cryptocurrency ,investing in cryptocurrency nowadays is risky ,very very risky ,you can invest on cryptocurrency and you will end up not getting anything in return ,that's why people don't want to invest in cryptocurrency....

 

[tyrim88]

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.

There are a lot of things involved in the trading of cryptocurency,it is volatile and you should always make use of money you can afford to let go,because the market can fluctuate and it can swing in a different direction.

 

[Kelly5]

Investing in any cryptocurrency in itself has its own share of risk as well,, just as it is with investing in any other type of business. You really should be very attentive to your research before investing though

 

[kayode10]

Cryptocurrency investment is a good investment but it is not hundred percent safe because of the price fluctuacion. You can easily lose all your investment if care is not taken.

 

[greenie]

No , it is the most volatile asset the world has ever seen. It has seen great upswing and downswing within seconds. The crypto price reacts almost immediately to any world news concerning crypto currency.

 

[Laurentta]

There's no investment that is safe. Anything might happen when one invest. Crypto currency is hard to tell if it's safe or not because we can't predict it.

 

[Justin]

Crypto currency is a risky investment. Few months ago, Bitcoin was $68K, now it is $46K. If you bought bitcoin when the price was $68K, you would have made a substantial loss

 

[Thinker009]

Crypto currency is a risky investment. Few months ago, Bitcoin was $68K, now it is $46K. If you bought bitcoin when the price was $68K, you would have made a substantial loss

Is really volatile to the extent that almost half of the person account could be wiped away due to volatility , because of the way the price fluctuates rapidly ,it's really a big problem

 

[HayKay]

Of course, there's safety in any time of market no matter how volatile the market seems to be.
There are stable coins and those that have potential at every point in time.

 

[ganibade]

Cryptocurrency is not 100 percentage save. The way cryptocurrency is move up and down make it unsaved to trade and relie on it. You can invest and stand to watch it, when start to come down you can withdraw it for profits.

 

[Joy123]

Yes, to a very good extent but from personal experience and our general knowledge of economic meltdown in the past, it is not totally correct to say that cryptocurrencies are safe to in especially going all in.

 

[Shigobad2020]

Nothing is forever safe in this life , but we have to keep making sure we make its safety our priority , most of the crypto currency investment are safe but we just need to be careful of scammers everywhere.

Just like trading a forex or actual currency, crypto also has the same tendency to either rise or fall, it is that risky, it could wipe your entire money out of the trade and it could also make you rich within a short time

 

[ahmedo24]

Everything on internet is not hundred percent safe but certainly you know best to trade cryptocurrencies and you're able to filter the good ones then I can say it is very safe.