Is it safe to invest in Cryptocurrency?

[percare 3192]

It is safe if you do it correctly. If you buy the top and sell the bottom it will not be safe and you will lose money. If you want to trade you can do it any day but investing means you should buy when you feel price will rise a lot and hold for a long time maybe for years.

[gbfisher 1815]

Investment in any market is risky same in the cryptocurrency but if you have knowledge of Cryptocurrency,  working of crypto market, condition of the market and other main factors then your investment is safe and you get higher profit in short period. Like now crypto currency works very well and increasing their value day by day so you can see  invest now and gain a high profit and your investment is safe. 

[bogdanoff 3173]

You are claiming that there is high risk of loss but check the prices in 2019 and see them again now. There are some coins that lost of course but most have gained and we are about to enter the next level now with prices going higher and higher. The bear market is over and only bulls will sent the prices higher .

[Hatred 1388]

On 2/20/2020 at 4:30 AM, Seedra said:

Is it safe to invest in Cryptocurrency?

For me, it is a yes. Actually, as of today, my investment in cryptocurrency is still profitable. And it is because I take the risk. Well, if your are risk taker, you can say that crypto is safe for an investment. Well, yes, you will loss a lot of money because it can go down instantly. But what if it goes up? It can double your money and earn much more higher than what you have invested.

 

[decemberends 1881]

when it comes to these type of questions its mostly depends on you our explanations will be only references as mainly you and only will decide what you can do and when to do it as cryptocurrency at its bad state would be good to risk it but if it crashes you will lose alot.

[hasan007 206]

Its a great way to invest in the crypto, but not the safest. Every invest have their risky term but crypto required a lots of patient and a good amount of knowledge in order to gain profit. But i would like to suggest the new investor please don.t invest your full money. 

[ayatoslaw 858]

1 hour ago, HodlKiddo said:

It is great to invest in cryptocurrencies, specially if you know what you're doing. Crypto's volatility is what makes it a great investment and it is also good for day trading. Also, it is safe to invest, just make sure that the coin that you're going to buy and the exchange is legit.

Making sure to buy coins and being listed on the exchange is not enough, there are many things that must be considered, such as team background, marketing and also community activities, the more active the community, the more likely investors/holders will support the project.

[Fixfin 2569]

As you said there is no safe investment. Not even gold is safe prices can go down anytime for any asset depending on macro economic events. Having a strong economy makes assets price rise and having knowledge helps us invest correctly.

[lharost 1526]

Investments are never totally safe and there's always some factors of risk to them, but if you are an experienced investor you can follow certain methods so that your investment are more on the safe side and carries less risk over all, for instance you can either invest in Bitcoin and Ethereum or some coin that is 500th on market cap ranking, it's obvious that investing in BTC and ETH is going to be less risky since they have a certain good reputation and large market cap while if you pick up that coin is on 500th on ranking you are taking more risk because their project is more new and has not as much trust in the market and also lower market cap it means it can go down/up significantly in a short period of time and it's kind of a high risk/high reward investment.

Edited September 5, 2020 by lharost

[Calvinpriva 17296]

2 hours ago, Korok said:

It is never 100% safe investing on cryptocurrency because it is a digital currency you don't have total control over it but you can as well secure all your investment in a way in which it will be safe.

@Korok You are right, it's never 100% safe because there is always profit and loss. When we accept that it will be easy for us to invest in cryptocurrencies because we will be ready to take risks. 

[Mosab73 333]

It is a correct question for any member of the forum, but the most important question is how to invest in cryptocurrencies?  What is the profit and loss ratio?  My opinion is that no one makes an investment except after thinking and studying and that the person has sufficient experience in the fluctuations of cryptocurrency prices. Investing is a wonderful and tempting business, but it is dangerous. is it safe ? yes 

[Yabuko 629]

It is not the way you think mate , where are you investing and how is the matter here , take yobit as an example it is safe and a lot of people are investing their coins there and making good profits

[Chief executive officer band 681]

It is exceptionally reliable to invest in cryptocurrency, this will end in any humane of profits as you invest in something else imvestment plans.you tin invest in yobit investbox, staking, holding, and unchanging trading. 

[Gluttony 1775]

Most people call it a gamble since its an investment but the return is worth it anyway. You should just ignore things that are suspicious that you are feeling theough some paltforms you have encountered since you are concern about the safety of your account after all. Investing to a cryptocurrency is a good gamble, but I am not saying it is a gamble since they way it works is to know when you could generate profit buy buying certain coins as an investment. You better know the time of pattern when to sell coins for a possible profit and buy an investment when its price is cheap.

[kryptonick 2659]

It is completely safe to invest in cryptocurrencies. This if you do your research and don't send your money to the first scammer that is waiting with his fake website to scam you. So you have to do research. You don't go outside your house and give money to the first person you see. The same is with the internet.

[chawki28 55]

The question is, are you convinced of cryptocurrencies or not? There are millions of people in the world who make millions of dollars through cryptocurrencies. The important thing is that you must be careful in transactions and take the advice of experts 

[Haseweleh 29]

investing in cryptocurrency is safe ?? i thinks yes of course for now

but in cryptocurrency is high risk but you can use stable coin for minimun risk just like tether (USDT) is same price with $dollar you can use tether for minimum risk

[duncun007 3577]

as someone in this crypto market for years now id say its pretty safe only if you take your precautions, there are many scammers and low security exchanges that might get hacked, but if you avoid this then you will surely get lots of profits by investing in crypto.

[Jockera134 41]

All in this world isn't safe, but if you will do something with a lot of patience, knowledge - than risks will be much lower, because you will know a action algorithms, will watch charts, read other forecasts and then investing in cryptocurrency will be much safer 

[croxx759 14]

So I think investing in cryptocurrencies is a safe investment. Because now more security measures are taken. And if you can analyze the fluctuations well, you can make a decent profit.

[candyguyyy 43]

yes i agree there is no such thing as a safe investment. because the market for crypto always

has high volatility but if you got advantages of smart investor

like wise decision and ability to be patience so for sure you can still makes profit

 

Edited October 3, 2020 by candyguyyy

[ghasem13 12]

It depends on the price at which it is purchased, it is better to buy it technically at the bottom of the price

[martcoinn 31]

Every investment has its risk, it is best to first do a market study where and where money is being put. Based on that, you can start investing.

[ajabe2 1485]

Cryptocurrency is a very volatile asset. You must understand that if you invest in cryptocurrency Suppose all your savings. The market is very unstable and you can lose all your money. therefore spread the risks and do not invest all the money in the Cryptocurrency.

[Covent 1122]

ofcourse no, there is no full safety investments in the world