"Risks in Crypto" | (Just a friendly reminder)

[Elmadany 17]

Risks in Crypto  Malware - Hacker attacks  And many more, the most important of which is that you forgot your private keys or damaged your wallet

[Puzcoin 17]

Great risk is use unknown software for trading. if you want to use trade bots, don't load it from Internet, learn API and make your own bot with any programming platform. But if you will use third-party software, you can lose all of you money by stealing.

[dimaminecraft 17]

Putting resources into digital currency isn't a joke since we need colossal measure of cash to put resources into on the off chance that we need to increase gigantic measure of cash later on. Additionally in contributing, you have to have persistence since it require some investment and we truly need to have tolerance on it. Obviously remember to pick the correct coin since, supposing that you pick the correct coin for your venture, there is plausibility you can't get it back in light of the fact that it was a trick coin.

[jeramirez 43]

Anything that deals with money is a risk, the fact that you deposit money in a bank is not a guarantee that that bank will not fail, having a company is not the same in cryptocurrencies, there is a risk that we will be scammed
therefore everything in life is a risk
 

[kotto19 49]

This is totally true and it is too important to be clear in order to try not to make mistakes that can then take us away from this world of cryptocurrencies, knowing and knowing the volatility of this trade will help us to take away the nerves when making transactions, and with a calm mind, we will undoubtedly work better and be able to profit little by little from our investments.

[josbaq 46]

It is an excellent advice that you give, everyone who wants to join the world of cryptocurrencies should keep in mind that risk is part of this. You have to learn and read a lot before diving in. There are many factors that come into play when investing and taking risk is the main one.

[tedd556 16]

On 2/2/2020 at 4:52 AM, Ms.o said:

Their value depends only on such factors and one of this is the demands or sentiments of the people, so since there's no physical thing that exist,your investments can be wiped out and lose money in just a snap specially if you are lacking in knowledge. And although it is based on blockchain technology,and even how we keep to be safe as we wanted to be there still risk in the security as online world are full of scammers. 

 

This is completely true, I think that we always have to remember that specially when we are trying to start investing big on crypto, obviously sometimes in order to success you will have to take some risks, but that doesn't mean not being wise and studying all of your options first

[gbfisher 1815]

Thanks for reminding us my mate, Risk is always present in every business and investment in crypto is very risky but we can easily minimize that risk. Without knowledge if anybody invest in crypto, definitely he face loss. First gain more and more information about trading, its aspects and always secure youe wallet or exchanger accounts because hackers easily access on our account if we have lack of security. Prices of crypto coins are unstable and analyzing of the prices of any coins require a clever mind so first learn all tricks of trading then do investment  and get good profit. 

Edited October 6, 2020 by gbfisher

[diegoram 58]

One of the risks of using cryptocurrencies is losing the investment 
you made when buying it, since its cost can change constantly.

Another would be the possibilities of fraud, as well as its possible 
use in illegal activities they are also susceptible to errors and 
computer attacks and may be affected by market gaps.

 

[Just_Lucky 55]

There risk not just in Crypto trading and investments but in ordinary trading, investment and bussiness as well. If you chose to earn money that way you should be prepared that some day you can lose some money.

[hassan7951 25]

Yes it is a little very risky to invest in Crypto currency, often you can come across false projects that will ask you to invest and after having invested, you no longer find your money, and above all what is disappointing in  Crypto currency often becomes very low in value.

[mohamed mahrous 1]

There are many risks like fraud and customer exploitation, as well as the great instability in prices between highs and lows, these risks are perhaps the most prominent in my opinion.

 

 

 

 

[Wanderdark 2178]

Hello and thanks for the informative post. I think this subject is very important because people always seems to lose some funds in some point if they are not careful. 

Some mistakes are irreversible in crypto environment. 

One of this is when you are transfering money from one adress to another.

Some points to consider : 

1) You should always check multiple times if the target adress is correct

2) You should be careful not to send any other currency than intended adress (e.g. if you send ETH to a USDT adress, you may lose funds)

3) You should select the transfer protocol correctly. For example if the target doesn't support TRON (TRC20) transfers and you send the money through it, you may lose funds.

It is always a good idea to be careful and check everything multiple times.

 

[MrRobotElija 62]

I know something about the risks - they hacked the exchange where I kept 30% of my savings, please don't do that 😉

[ugur1905 9]

If you want to be both an investor and buy and sell in this market, definitely do not keep your investments in the stock market.

[gagwdadada 534]

Инвестиции в криптовалюту в 2020 году все еще актуальна и приносит людям деньги, но сперва вы должны ознакомится со всеми нюансами, а в дальнейшем вкладываться в валюту.

[Neoneonovich 116]

Adam Smith. Exchange gambling
Mike Bellafiore "One Good Deal"
.Jack Schwager "Technical Analysis: The Complete Course"
In these books additional additions to this topic have been added

[Cryptokool 14]

Spread your chances and follow your gutfeeling. Best way to dodge all these scammers

[hatambaba 1064]

You should take risks into consideration to reach success and get good profit. It is not always easy to take the risk but you should not be greedy and it is very important. If a coin gave you some profit, sell it and move to another one.

[Yuberperdomo 28]

According to what you say friend, but I tell you that the world of cryptocurrencies is something that should be done very well, but you also have to stumble to learn, with this I do not mean that you invest all your money to learn, no. But if you are learning with an investment that you say I did not lose anything, in case of losing. And well the steps to be rich you have to go looking for them will never come to you out of nowhere ... Greetings

[velasco19 1753]

On 2/2/2020 at 3:52, Ms.o said:

Invertir en criptomonedas es un riesgo, la mayoría de la gente se lanza a ello, sin saberlo primero y poniéndose en esos riesgos para luego arrepentirse o sufrir depresión.

Las criptomonedas son diferentes de las monedas fiduciarias u oro, en las que no existen monedas físicas, billetes de papel o cosas preciosas que pueda guardar en el banco o usarlas.

Su valor depende solo de tales factores y uno de estos son las demandas o sentimientos de la gente, por lo que, dado que no existe nada físico, sus inversiones pueden desaparecer y perder dinero en un instante, especialmente si no tiene conocimiento.  Y  aunque se basa en la tecnología blockchain, e incluso cómo nos mantenemos seguros, ya que queríamos estar, todavía hay riesgo en la seguridad, ya que el mundo en línea está lleno de estafadores. 

 

Tener un conocimiento adecuado y una mente positiva puede ayudarlo a lograr lo que busca. Sea prudente al tratar con criptografía, no permita que su emoción o los pensamientos de hacerse rico instantáneamente lo traigan, pero establezca una meta, ya que hacerse rico tiene pasos.

The first thing to do when entering the blockchain world is to educate yourself, that will save you inconveniences in the future.

I agree that many people come to cryptocurrencies with the illusion of generating money quickly.
Many people in their inexperience buy what they recommend on YouTube or Telegram communities which is quite risky and there is a high probability of losing money. Today we see that many crypto explode in price and when they see that they try to buy which is a serious mistake.

After you have done enough research, you can buy solid cryptocurrencies such as BTC, LTC and ETH or the one of your choice.

My advice is that you do not buy by FOMO.

[timudzhin 58]

Риск в сфере криптовалюты-очень актуальная тема. Можно вложиться в криптовалюту, купив её на большое количество денег, и валюта может резко упасть в цене или того хуже обесцениться.

[Mera 11]

It's a very useful post, but we have to take risks

[Adel97 35]

Anyway, everything has its own risk, and I think the risk in digital currency is a profitable investment and the future is for digital currency.

[Enrique77 50]

I believe that not only investing in cryptocurrencies is a risk. Investing in the stock market is also, in any of its ways, an investment is risky because it takes our money to a project that we do not know if it will work. I believe that being able to invest and not suffer along the way when the price of a currency falls is to remain calm and patient. These are two virtues that every investor must have before entering the world of digital currencies. It is also difficult to think that when we first enter here we will get rich in 1 day. It takes all your time, as the growth of a long can take many years, the growth of a project in crypto can also take a while to pay off.