What are the dangers in investing heavily in cryptocurrency?

[McCree 713]

On 1/14/2020 at 9:19 AM, Fattkidd said:

There a saying "Ignorance is Fatal" Cryptocurrency is safe if you know what you are doing  but if dont know how its work  then Cryptocurrency is dangerous for you. To put it simple Let say Cryptocurrency is a Knife if you dont know how to use a Knife you get Cut  but when you know how to use it then you will not get cut plus you become stronger than rest.

 

If this help give me a(◍•ᴗ•◍)❤

I also suggest people look up bitcoin tutorials, blockchain tutorials and watch some youtube videos explaining how cryptocurrency works in order to get them initiated in a proper position to buy and hold the more well known cryptocurrencies.

[Sapdrx 469]

Like with all investmets, don't put your money on one horse. It evens says inthe bible to spread your investments over 7-8 goals. So just but 15% incrypto and invest your other money in other industries or assets.

[Sumayya 493]

There is a lot of danger. One you can lose all your money if the market starting to behave in a bad way second it will affect your health

[duncun007 3577]

12 hours ago, Chy123 said:

just choose the legit coins because if you cant choose and legit and profitable coin you won't be benefitted in this platform. 

you say this like its easy to choose a legit coin because right now we have over 4000 coins in the market and we dont know which of them is legit or not.

[BitMart 326]

This is very unpreditctable market and any thing can happen any time this is biggest danger here in this crypto market if you want to invest then surely you have to be some good knowledge and search about project before investment otherwise you can lost your all money and this is surely nonerefundable just becareful about this all and try to invest in good and reputable project.

[Naga 1250]

On 1/16/2020 at 3:33 PM, Sumayya said:

There is a lot of danger. One you can lose all your money if the market starting to behave in a bad way second it will affect your health

well i think it is dangerous to go all in on crypto but its most important to know that if you went all in on crypto then you should be aware of the risks and invest in trusted coins only.

[bentayebsalah 2280]

There must be discipline, order and lack of recklessness in the matter and everything will be fine if you work according to a good plan and you will achieve great success in investing in cryptocurrencies and avoid risks

[Razan alikac 1899]

Choose multiple currencies at once and divide your capital into multiple deals, this is better than one deal

[el-Muhammady 718]

The chance linked with investing mammoth quantity of change in crypto falsehood the current to loosing giant amount. Exept if you had to get into the investment in diverse cryptocurrencies not clearly one form.
 

[Sumayya 493]

On 1/16/2020 at 7:52 PM, Silvinator said:

Every investment has its risk and considering that the cryptocurrency market is quite volatile there is a possibility of losing a lot of money but you know what to do or you don't have a strategy to make a profit.

It all involves a lot of risk, so it is not advisable to invest all your money there

[MOProgress 363]

On 1/13/2020 at 10:12 PM, kingsbtc said:

Is it safe to invest heavily in the world of crypto currency are there any danger we should expect from it.

What is your opinion?

It is a good thing to invest but it is bad to invest foolishly, now, if you wish to invest heavily on cryptocurrency, make sure the projects are genuine. there are several scam projects out there, so invest what you can afford to loose. That's my take.

[miskyming 1588]

yes there is danger when investing in cryptocurrency like you withdraw all your life savings for cryptocurrency and you invested a shit coin which is it will turn to scam. 

[Oxygen 1004]

Actually mostly we trust only that which we can see physically that in case of any dispute we can sue anyone and can get our investment back. but on crypto currencies investment we can not catch anyone legally as crypto is not legalize in any way. Also Crypto currencies need so much education to live here, trade and earn.

[Usman Abdulmumin 354]

Don't invest money that you know you can't afford to lose,  so if you only have like 2500$ in your bank please don't invest all, i will advise you to invest like 400$ for good 2 months and sse the outcome. 

[Aereen 456]

I personally think the dangers of heavily investing into cryptocurrency is that people would then expect too much return from their investment knowing that investing into cryptocurrency will give them huge amount of profit.

[Lunaa 238]

The danger would be losing a lot of your investment. Especially if you don't have enough knowledge to do so or not skilled enough with your investments management. So, only invest the amount you're afford to lose. 

[fo1lluko1l 487]

The danger is that they can hack a wallet or exchange account if it does not have sufficient protection + you can lose this money if you make an investment incorrectly.

[Sapdrx 469]

Investing too much in one sector is always a risk. That's why large investment funds always spread their investments over tens or hundreds of companies and projects spread across at least 5 sectors.

[babaji 1228]

Well bitcoin can go to 0 and all your investments along with it. Is it possible, probably not, but can it happen, Yes it can. Would you like to be in such a state, where everything got to zero, and all your investments too. So why even do that. Just invest a little every month in crypto and wait for the bullrun

[zhaazure27 524]

The most basic danger that you will face is when the price suddenly drops. You will experience quite a lot of loss and need time to return it.

[mehek380 333]

In my opinion a person should not invest heavily in crypto currency because its a big risk. As the cryptocurrencies change their prices from time to time nobody can really say if they are gonna get a profit or not. 

[Benjamin 84]

12 hours ago, lakshmi said:

the finest opportunity is investing barely a function of volume.
 

Well, can you please follow the rules and regulations here in this forum? The requirements here is to posts of minimum 100 characters and if you are not do this thing, you can be banned here by admins and moderators.

[Luciferludz 1442]

The danger of investing much in cryptocurrencies is bad because you can lose all, so all you need is to invest low and earn big amounts

[Interface User 1070]

Take a chance to save some coins of different crypto currency to have a higher chance to have an income. It also lessen the risk of losing too much money because you use partitions of your income in every coin.

[fatima123 320]

due to high fluctuating in the prices of crypto market very dangerous for us to invest all saving in this market so be wise some portion investment in this market some others business.