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What is your take on Cryptocurrencies?



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What is your take on Cryptocurrencies?

A lot of people nowadays are getting interested in investing in Cryptocurrencies. After Bitcoin's bull run last year, people saw the volatility of Cryptocurrencies as a means to earn a lot of money in a short period of time.

There's a lot of different Cryptocurrencies in the market now which are following Bitcoin's footsteps.

What is your take on Cryptocurrencies, do you think it's a good investment or is it too risky for you?

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burgosmichael24

As of moment, investing in cryptocurrencies are too risky after the nosedive of bitcoin in the past few months. Maybe we should study more before making any investments into it. As of now, I suggest not to invest in any cryptocurrencies until it was established.



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overcast

I am only being positive about blockchain. I have no idea what may happen to the cryptocurrency. Because apart from ether, there does not seem to be any positive about bitcoin and other crypto. Ether being the blockchain tech in it's base. I think it'd be reasonable to make use of the ether more than any other crypto. Some good options out there though. It'd be fun playing some of those crypto for some time.



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Barida

Blockchain should make out ways to improve and trade some other valuables although I know that it is not going to be easy to work out, but it is definitely what is possible to happen. It is all about the developers looking into the future and finding a better alternative.



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overcast

Indeed. Many people are leaving their jobs for working on blockchain. But I don't see the possibility of it replacing the real money. It may be used by mafias and things may work out for underworld. You can see that if blockchain does work in banks and government. Nothing new revolutionary is going to happen either. We just have to understand this basic fact.



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Alania

I like the whole concept behind the cryptocurrencies. What I mean is the fact that society has attempted to create their own currency, to prevent the monopoly of banks and governments on it. But let's be honest, it has failed. Cryptocurrency is just too unstable at the moment.



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kaushikangara

I find them very mysterious. Not much is known about crypto currencies and a majority of the governments are against Bitcoin investments. There are many security risks associated and investing in such high risk currencies is always very dangerous. The price fluctuation is also raising many concerns. It is better off seeing them for a while and then decide what to do next



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Youngshark

Crypto is here to stay and this can be proven by the fact that it has remained relevant for the last 10 or so years and it's popularity is only increasing.



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Barida

It is here to stay, but the value that is dropping down at this particular time as something that is shocking. I believe that there should he ways to ensure that they work out what is best for them to ensure that everything begins to work the way that it should be.



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Youngshark

True true true my friend. But also at the same time you may find that the person who times it when it is at its lowest and invests a significant amount will reap huge profits later on.



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theresajane

I agree. It would be very risky as of the meantime to invest and entrust my money into it.



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jpk0007

Well i think that there is an inherent risk in every investment you make. However,the risk invoved in the Cryptocurrency investment is much higher due to the high volatility in the value. People have been able to earn huge profits on there investments in Bitcoins in the past and despite the recent fall in its value, it still remains a popular investment option for many people throughout the World



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jaymish

I think investing on cryptocurrency now is like throwing away your money. I know that it was sold to us as a sure thing. However I think that all the government regulation that is being brought in is going to kill cryptocurrency. I think those who invested in it earlier and cashed out when it was at $20,000 made their money and the lucky. To be honest I think for now unless something drastic changes crypto is a bad investement.



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Franzel2oo

Investing in cryptocurrency often comes with one rule: "invest only money you are willing to lose". The reason is simple; the market is hardly volatile. You can make a lot of profits really quickly. You can lose all of your money very quickly as well. You should consider this if you really intend on investing in cryptocurrency.

There are equally trading techniques you can learn to better prepare you for investing in the volatile cryptocurrency market. This does not eliminate the risks. It only puts you in a better position to invest than one who has no knowledge of such trading techniques.



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theresajane

That's one great rule. But, I think, it would not apply to me. It's because I don't want to lose even a cent of my money to something that's very risky.



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luv2xacosta

I think it's a risky investment. When it comes to money, I don't rely on this kind of investment. it's better to be safe than never. Why would I risk my money to these kind of business which in fact I can do better than that.



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mhingnhormz

In my opinion about investing in cryptocurrencies, it wad to risky. We didn't know when it ups and suddenly down. I want to suggest if your a newbie in this topic try to collect some bitcoins in a free bitcoins faucet, there is an apps that give a satoshi everu 15mins., just collect and collect and if you think you need to use it to risk for the ups and down then it wad not that big deal if you fail since you onl6 collectex it for free.



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Jeane

There is a time I thought that cryptocurrencies would eventually be widely accepted and used all over the world. The adoption of said currencies has been quite slow and it's use has also been abused which is why many governments aren't too keen on seeing widespread use of crytpocurrency for any transactions.

Even those who would accept cryptocurrency as payment for goods and services are wary now because of the volatile nature of the currency. Since it might take a long time before we see stability, I believe investing in crytpocurrency at the moment is akin to gambling. You could win or lose.



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amelia88

Right now they’re too volatile for me to want to invest a great deal into them. I’m not really a risky investor and prefer more “sure thing” options and that’s just not the case with bitcoin right now.



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theresajane

Yes, someone also said that I would not think of investing my money on cryptocurrencies anymore. It's very unstable. It's better to invest your money on something that is very established and has been there for so many years.



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theresajane

I am still not confident about investing my money on cryptocurrencies. They are just very unstable to put my precious money into it.



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gutzman

I still find cryptocurrencies unstable and too risky to invest like bitcoins. Banking is still the best as of now because it's the most stable yet you gain a little though compared to bitcoins and cryptocurrencies. So it depends on you whether you want a higher gain but unstable or stable one but the gain is lower.



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esteban123

I think I am not in the mood right now to invest into some cryptocurrency as it is very volatile in terms in its price and value. Maybe I would just wait for some time that its price should be fixed already so that I can have a better plans for future investment and I can easily compute on how can I earn if it only have a fixed value. But I think it would really takes a lot of years as it is not yet acceptable worldwide and only to certain countries for now.



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