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

[Hamza1999]

cryptocurrencies are currently just additions to the current money payment system. However, in the next decade they could be replacements. Deutsche Bank predicts that the number of cryptocurrency users will grow 4x in the next ten years, reaching 200 million.
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.

 

[Ellozyy]

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 a whole lot can happen. It is quite dangerous.
I think the worst that could happen is what's currently ongoing with ripple, the lawsuit saga.. This might totally devalue the price of any asset you invested on.
My advice is to make a very deep research on the cryptocurrency you Want to invest in.. That's very important

 

[WhiteHouse]

Volatilityis part of the trading, so I will not think of it as a significant danger, I'll simply term it high danger/high prize marvel . You have etherum going up by 4000% in a half year, that is immense, yet additionally u need to know etherum can implode 4000% in one month (this doesn't appear to be likely however, at the present status, yet a period may come), accordingly you need to realize how to take benefit and not be insatiable.

 

[Hasan Raza]

The most terrible that can happen is purchasing at an exceptionally higher worth and abruptly cost dipped under norm, you would free a ton of cash which is very agonizing. I don't petitions God for such to end up night my most noticeably awful adversary

 

[Sotherefore]

When you invest in cryptocurrency and maybe you decide to trade cryptocurrency and after placing an order for a particular cryptocurrency and maybe you wanted to sell at a particular price, but immediately you place a trade the bright start falling against it that is the worst of it all.

 

[Xerryl]

The risks of trading are very high and this is because of the high volatility in the crypto market. For example you may purchase a coin and the value may drop so drastically that before you even get the time to sell you'll have lost a lot of money. If is this same high volatility that makes cryptocurrency trading also profitable.

 

[Draysongz]

the worst thta could happen, happens when you buy a coin and its pumping, then all of a sudden it starts to dip and dip and dip and dip. Thereby making you lose value but if you can HODL. you can still take profits.

 

[Kinglegend01]

I think the worst thing that can happen to you when you have invested in cryptocurrencies is the very advantages of cryptocurrencies which is its volatility. The volatile nature of cryptocurrencies is the ability of a certain coin to increase and decrease in value within a short time. You might buy a coin for a price now and wake up tomorrow and find it half the price you got it.

 

[Caali]

It depends person to person basically and there are more than 5000 cryptocurrencies in this market. So it is not safe to invest in each and everything so before investing always do a good research about the coin or cryptocurrency.

 

[Diddi01]

The worst that can happen is when the price of the coin goes down (crashes) and does not go up for a very long time or ever again. That is why one has to be very careful to research and access the kind of coins they plan to invest in because if not you could use all of your money and will be lost.
Always check the charts of the coins and see the manner in which it goes up and down.

 

[iori23]

I was a scam, that was the worst thing that happened to my invest .. so now I have been taken to those invests .. I just use the website for free.

 

[Olubayo12]

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.

There are many things that you should expect while trading cryptocurrency expect to make losses, losses upon losses so that you will have your mind prepared against any challenges that might come your way. Luckily, you might not make any losses but just be prepared.

 

[Victor001]

We all know that life itself is a risk, but what is really important should be is it worth taking. In the case of crypto its advisable to get prior knowledge and foundation, Also startup with funds you can afford to loose and give in maximu attention.

 

[Profwriter]

The worst that can ever happen in the crypto currencies world is that you will loose your hard earned money and if you have invested all you got, you will certainly loose your sleep and peace over that loss, it's important that you don't trade what you can't afford to lose.

 

[Dowenship]

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 you can ever imagine in crypto currency is losing money in your portfolio. If you don't make use of stop loss your portfolio is in danger

 

[Sincerem]

That's why you need to trade with experience, know what strategy to use to avoid losses but profit that is higher than losses by far. As a trader you'll make losses and profits. But ability to make more profit makes you an experienced trader.

 

[Awais814]

Before you begin trading, make sure you are fully aware of the risks involved. Just invest if you are a seasoned investor with a thorough understanding of capital markets. Trading cryptocurrencies could not be suitable for all.

 

[DareIsrael]

Keep in mind that crypto currency market is a very volatile market and at that, one can sudden lose a lot of capital hence the need to be very careful.

 

[Sariana23]

We are all the same looking for the worst that can happen. In this case I think the worst thing is to lose the whole investment, that's why I restrained myself from investing, because something very true is "invest only what you are allowed to lose" I think that is the biggest risk.

 

[Kingsley]

Making a very predictions and buying a coin when it has already hit it peak and naturally is suppose to face some strong resistance that drops the whole thing to the lowest posing and get one out of the market. That can be very disastrous and it becomes irrevocable.