What's the worst can happen while investing in cryptocurrencies?

[Josemendez]

I'm thinking about investing in cryptocurrency next year and I want to know what's the worst that can happen while investing in cryptocurrency. Is there any danger or red flag I should look out for?
I'm afraid of making mistakes.

The worst thing that can happen in cryptocurrency is when you buy at a lower price ,and the price keeps dipping lower as days goes by. Such will take long time for profit to be made from such investment

 

[Sake]

You are right, but the price of popular cryptocurrencies also increase after they drop. What do you think about it?
Like Bitcoin price decreased in the start of December 2020 and it raised again .so I think decrease in a popular cryptocurrency is not matter of tension for investors.

Indeed that's why investing on popular Cryptocurrencies has less risk than investing in new ones. Because it's normal for Coins like Bitcoin to Drop and Rise every year all you need to do is wait.

 

[BrolySSJ]

I'm thinking about investing in cryptocurrency next year and I want to know what's the worst that can happen while investing in cryptocurrency. Is there any danger or red flag I should look out for?
I'm afraid of making mistakes.

I think that naturally the worst that can happen in any investment, and this is not limited to the investments into crypto, is that the price starts to drop or dump after you purchase your investment. In order to try and avoid this there are two things that you can do. The first is to try and be patient and not rush into selling or cashing out based on fear. Second is to invest in reputable coins such as bitcoin. Even if these coins drop in value it is likely that with time the value will rise, allowing you to be able to still profit from your investment.

 

[Peterlight]

Well nobody is above mistakes so the worst that can happen is for the price to reduce and you lose 2-3% of your investment.

You don't have anything to fear except you are trading in ethereum network, you will find out that the coin have a lot of fees when doing transactions if you know that you are investing a small amount.

 

[Sotherefore]

I think the worst thing that can happened to you when investing in cryptocurrency is having the price of cryptocurrency coming against you, a situation in which you buy a cryptocurrency of $500 expecting it to go up so you can make profit but unfortunately the price go up against you and you are a lost which you didn't expect is the worst thing that can happen to you in crypto investment, that is why investing in cryptocurrency can sometimes be risky if you invest on the wrong coin

 

[Nova]

Two things happen. If it's your hard earned money, you could lose that considering a lot of people who invested their bank money. They have kind of lost that. And also the people who invest into the crypto from other spare money. They could lose it if they choose to invest into the wrong sources as well.

 

[Ojonuyo]

You wake up one morning and discover that all the money you invested into crypto currency let's say bitcoin or ethereum is gone forever and no means of you recovering back. That's the worse that can happened. Most investors do not survive this stage and might not recover from the experience.

 

[Deleted member 6201]

Well i don't really know much on crypto currency since am just new to it but i think we little observation from people who have and are involved in it, it feels right to say us a high risk investment which is not really certain on what can happen at anytime ....is good you trade carefully.

 

[kayode10]

The worst that can when you invest in cryptocurency or any other investment is that you loose all your investment. This can only happen when you let greed run over your logic while you are investing. One thing I want you to know is that there is no way to make money without losing some. As for the mistake, it's just a learning experience someone must avoid repeating.

 

[ahmedo24]

The worst that I feel can happen in the Crypto currency world is the crash of all Crypto currencies to zero value , if this happens , the whole world will be shaken because a market with over trillion dollars to crash without any reason will not be taking lightly

 

[Chief]

Crypto is worth investment in because it is the future, If you invite in crypto then you have sense but if you are a doubting Thoma then you will be among those poor and wretched people I a few years time. So I urge you to inveats in crypto.

 

[Kamon c4]

There’re two factors which may pose to be a great threat in cryptocurrency trading. Cryptocurrency is like a normal investment. The loss/gain is a risk that all businesses encounter and cryptocurrency is no exception. Cyber attack is another threat that online investments encounters. Cryptocurrency wallets may be subjected to cyber attack and your investments may get stolen

 

[Adebayonle7]

The worst that can happened in investing with crypto is the same as any other businesses or investments. As much as you can have a break through once & hit sky high profit. The same way the market can turn around and things goes south and you lose a lot of money. Losing a lot you can't recover from them or bring up again easily is what I see as the worst thing that can occur to you.

 

[Highflyer]

By no means are cryptocurrencies the only asset to be hacked by thieves, but there are serious fraud and theft concerns that accompany bitcoin. For instance, novice bitcoin investors may not understand the need to store their tokens in a digital wallet, thereby leaving them susceptible to theft by hackers.The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. ... It is not uncommon for the value of cryptocurrencies to quickly drop by hundreds, if not thousands of dollars.

 

[Bookwormlux]

I'm thinking about investing in cryptocurrency next year and I want to know what's the worst that can happen while investing in cryptocurrency. Is there any danger or red flag I should look out for?
I'm afraid of making mistakes.

Make sure you do a proper research before investing in any coin. Understand the trends. Make sure you do not buy when the price is high. Wait for the price to drop before investing so that when prices Start going up, you will also make a fortune. The worst that can happen is selling out of panic and losing everything you invested. Be careful.
[automerge]1610571260[/automerge]

I'm thinking about investing in cryptocurrency next year and I want to know what's the worst that can happen while investing in cryptocurrency. Is there any danger or red flag I should look out for?
I'm afraid of making mistakes.

Make sure you do a proper research before investing in any coin. Understand the trends. Make sure you do not buy when the price is high. Wait for the price to drop before investing so that when prices Start going up, you will also make a fortune. The worst that can happen is selling out of panic and losing everything you invested. Be careful.

 

[Khezo]

I'm thinking about investing in cryptocurrency next year and I want to know what's the worst that can happen while investing in cryptocurrency. Is there any danger or red flag I should look out for?
I'm afraid of making mistakes.

Well the worst thing that can happen is losing all your investing as you know this coins rise and fall it can be very pain or you forgetting your id password without a way of getting it back. Very painful it will be

 

[singlej007]

The worst that can happen to cryptocurrency is for it to go low beyond imagination making you to lost huge amounts of your fund..

And this can only happen when crypto is rejected by a chunk of Wales holding the most potion of the coin... It is a bad situation to experience...

 

[Oloritoks]

The danger about investing in cryptocurrency is that once it goes high there's a tendency it crash after a month which may lead to you losing some money unexpectively, this one danger you should look out for

 

[Rimsha kanwal]

Worst things can happen is when you invest for example in Bitcoin is when you buy right now and the whales starts to dump their holdings it will make the price go a lot lower than the price you bought it for. In some other coins that's fairly new it can even lose all it's value overnight

Its worst when you purchase bitcoin at when they are on very high rate.. Because its not have chance to increase more... So its best to purchase your bitcoin for cryptocurrency when its available at lowest price.

 

[Erik4150]

The worst that I feel can happen in the Crypto currency world is the crash of all Crypto currencies to zero value , if this happens , the whole world will be shaken because a market with over trillion dollars to crash without any reason will not be taking lightly

While it is not possible for a cryptocurrency to crash to zero value, it is possible for a cryptocurrency to experience a heavy price fall. That is what is happening to bitcoin now, it had price surge of almost 300% in a few months and now it's crashing down fast from $40k to $14k in just 2 weeks. Many investors who made the mistake of buying bitcoin in bulk when the price was very high are bound to get heavy losses now.