In my opinion it is not advisable to invest your pension on cryptocurrency because it so volatile that can go up and come down at anytime. So none can determine the market,it is very risky to invest such money on it.
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I don't really have faith in crypto in Nigeria here .the government has even banned it over hereIn your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.
What is you opinion on this?
It's like the person that want to use pension money and invest in cryptocurrency like to gamble so much, because it's not advisable in anyway to take that huge risk because it didn't worth something to take that much risk on.so I can never advice anyone to do that with his or her pension money,because it is always advice to use a spare money to invest in cryptocurrency. So he or she could use money that won't take much effect in you when it get lost in the investment..In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.
What is you opinion on this?
I completely agree with you here. It is best to make use of spare funds with the volatility that we see in the crypto market and how it is changing from a constant day to day basis. Therefore I think that many people fail to see this as they feel that crypto is a sure thing and a good investment if you put in your funds ,but I think that the risk here is actually greater than the stock market.It's like the person that want to use pension money and invest in cryptocurrency like to gamble so much, because it's not advisable in anyway to take that huge risk because it didn't worth something to take that much risk on.so I can never advice anyone to do that with his or her pension money,because it is always advice to use a spare money to invest in cryptocurrency. So he or she could use money that won't take much effect in you when it get lost in the investment..
In this way, you run the risk of losing all the pension money you deserve for the years you have worked. And in just one investment you can be left with nothing and even more when you do not have enough knowledge in cryptocurrencies.Cryptocurrencies are volatile in nature and at such it is not advisable to use your pension to invest into it because by so doing you might loose all your pension on it which would be very bad to do.
Yes, pension can be used for investing in the digital currency also known as crypto currency, but not all of the pension funds should be used to invest.In your opinion, do you think that it is advisable for someone to make use of their pension as a means by which to invest into the crypto world and the various currencies that it has to offer. In my opinion I think that this is advised against because the crypto market is very volatile and so as the market changes there can be large losses, and profits of course, but however when investing one needs to consider the worst case scenario. Furthermore, pensions are often used and are necessary to sustain your lifestyle and be able to pay for essential in your old age. Therefore, I don't think that it is advisable to gamble them on the crypto market.
What is you opinion on this?