Is crptocurencies safe investment?

[Tundeoguns1]

There is no business or investment that is 100% risk free, there is always an amount of risk allocated to each business or investment, it is now left for you as an investor to know if such a risk is worth taking, cryptocurreny is risky and also profitable at the same time and at times , it worth taking the risk to invest into it and have your money hold on for a long term in your wallet because cryptocurreny is volatile. The more you hold, the more the profit gained

 

[Klismannm12]

of course little bud and sissy very good investment people are making money every damn day from it you just need to be careful about the coin in which to invest in make a data research and know how far they going with you if it is a boy that is destined to go far then invest in is definitely he will make your money

 

[iori23]

It's safe to invest in cryptocurrency as long as you only invest in legit websites now scammer just be careful when investing don't give details to scammer.

 

[Kiko]

Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive payments. Cryptocurrency got its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.

 

[Jesuyemi 08]

Yes. Crypto currency is a safe investment.. It is one of the largest way of making money and profits now as long as you have the basic knowledge of it.. It can be very complex but still one of the best to invest your funds in.

 

[Adeyoola7]

Investing in cryptocurrency is risky, to say the least. Of course, all investing carries a degree of risk. But you should always avoid unnecessary risks, especially when it comes to your hard-earned money. Don't play poker with your financial future.

 

[Sake]

I think Cryptocurrency is one.of.the safest investment anyone can at the moment. If you.know which coin to invest to and you know when to sell your assets. Since Cryptocurrencies are constantly rising and dropping. You can get the best lowest price it can reach and get your profits when it rise and all that happens in just a short period of time

 

[Nurudeen]

Definitely all money spent or invested in crypto currency exchange Business are safe unless the investor deposit on a wrong platform. This system Is a decentralized system whereby it gives room for people from different countries to participate in it without any hassles

 

[Ralphjoe]

Cryptocurrencies investment is the most safest investment ever, there is no way that you will lose your investment if you invested well. The idea of cryptocurrencies and it's execution is a top-notch idea that has led to great digital assets that millions of people invests on.

 

[Luckboy]

Invest in cryptocurrencies is good but also in risk
Trading in cryptocurrency is like gambling. Because it’s exchanged peer to peer without any tie to regulatory standards, there’s no pattern to the rise and fall of its value. You can’t predict changes or calculate returns like you can with growth stock mutual funds

 

[iamgroot]

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.

When it comes to investment, anywhere and any platform. that is, there is no exception to the word RISKY. Even in cryptocurrencies, especially if you do not know how and when to buy and sell it. One mistake can cost your capital.

 

[Alexandoy]

Right now I am not in the position to invest in crypto currency because I still lack knowledge. What I want to know is how the crypto currency is produced because it is not like gold that you mine down under. We should remember that crypto currency is a digital commodity which is not physical. It is just like an imagination that we buy and keep and then we sell. When there is no buyer anymore then what would happen to the crypto currency in your digital wallet?

 

[Yasmin]

Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into "blocks" and time stamped. It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with.

In addition, transactions require a two-factor authentication process. For instance, you might be asked to enter a username and password to start a transaction. Then, you might have to enter an authentication code that's sent via text to your personal cell phone.

 

[Jimmie150]

I would say yes it is a great one considering the way bitcoin has seen it's all time highest in recent time. Cryptocurrency in the last couple of years has done a whole lot. Today some businesses accept cryptocurrency as a means of payment.

 

[Asad Ali]

There is no 100% risk-free business or investment; any business or investment still has an amount of risk, it now remains for you as an investor if such risk is useful, cryptocurreny is risky and at the same time lucrative and it is often worth taking the risk of investing in it and getting your money kept onto your pocket in the long term. The higher you carry, the greater the benefit.

 

[eenya00]

Crypto currency is a form of investment and as Every other forms of investment, it comes with a degree of risk associated with it. But the risk ratio is a bit much more rewarding on the long run. Cryptocurrency has made more millionaires in dollars per ratio than any other form of investment in the last 5 years.

 

[Tito4u]

Crypto currency could be safe to invest in at this point in time but there's still need to trade with extra care and wisdom because it can drop at any time. If it's well studied, there's going to be a great profit.

 

[Kelvin7656]

Cryptocurrency is digital money. That means there’s no physical coin or bill — it’s all online. You can transfer cryptocurrency to someone online without a go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.

People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.

 

[Mahnoor]

It's possible to get filthy rich by investing in cryptocurrency. But you could also lose all your money. How can both of those things be true? Well, like most investments, crypto assets come with a host of risks but also vast potential rewards.

Let's take a look at some of the key aspects of the cryptocurrency market and whether it makes sense for you to invest in digital assets.

 

[bhennie]

Risk is something that is always attached to any venture that one decides to embark on either it is cryptocurrency or trading or whatever thing you can’t think of. But I always say with out risk there is no reward, so invest in cryptocurrency