How safe is Crypto as an investment

[Dilip]

How safe are Cryptocurrencies as an investment? What do you tell yourselves when you invest a considerable amount in Crypto?

 

[James67]

It is very important to use the money that you don't have any plan on at the moment to invest in cryptocurrency because it is not a project that you are going to invest and expect profit immediately. Unless you're trading, then you can be making profits/losses every day.

 

[Prisca]

How safe are Cryptocurrencies as an investment? What do you tell yourselves when you invest a considerable amount in Crypto?

It is never a safe investment. However, one need to have access to highly classified information if you are planning to make it big in the industry. There is no two ways about making it in the cryptocurrency sector unless you get those information.

 

[Shortie]

From what I have researched over the years, I wouldn't say that investing in crypto is a smart idea, not unless you know what you are doing and know when to pull your investment to prevent you from making a huge loss.

I wouldn't risk a big investment when it comes to crypto but that is just me.

 

[Sara]

Well, I can say that crypto can never be a safe investment nor was it a great idea especially for small and medium business dealers. If you don't have the information about how it works or who you follow to learn about it and ends up investing there, there will be flood of tears from your eyes.

Crypto is a risk and it takes a great risk to bypass all the waves that comes with it.

 

[Prisca]

From what I have researched over the years, I wouldn't say that investing in crypto is a smart idea, not unless you know what you are doing and know when to pull your investment to prevent you from making a huge loss.

I wouldn't risk a big investment when it comes to crypto but that is just me.

This is how it is supposed to he. Investing more than you would want to lose is never the smart way to go about it.

 

[Christopher@]

When it comes to cryptocurrency investment, it's better for you not to invest because other people are doing so or even doing it as a result of the fear of missing out (FOMO). This is why I see cryptocurrency as a long term investment. It's not what I invest in today and be expecting to cash out thousands of dollars next week.

 

[Thomas]

The simple and honest truth is that no investment is 100% safe.

There's risk in all of them but the real question is which ones have a higher risk and a more realistic risk that's understandable?

Cryptocurrency is definitely too risky no matter how much you know it.