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What is your take on Cryptocurrencies?

  • Kakashi2020 Level 1
    • 28

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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?

    #Money Business
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    burgosmichael24

    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.
    5 years ago

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    overcast

    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.
    5 years ago

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    Barida

    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.
    5 years ago

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    overcast

    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.
    5 years ago

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    Alania

    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.
    5 years ago

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    Youngshark

    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.
    5 years ago

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    Barida

    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.
    5 years ago

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    Youngshark

    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.
    5 years ago

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    theresajane

    theresajane

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

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    jpk0007

    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
    5 years ago

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    jaymish

    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.
    5 years ago

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    Franzel2oo

    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.
    5 years ago

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    theresajane

    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.
    5 years ago

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    luv2xacosta

    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.
    5 years ago

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    mhingnhormz

    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.
    5 years ago

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    Jeane

    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.
    5 years ago

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    amelia88

    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.
    5 years ago

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    theresajane

    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.
    5 years ago

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    theresajane

    theresajane

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

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    gutzman

    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.
    5 years ago

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    esteban123

    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.
    5 years ago

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    M1ndPrototype

    M1ndPrototype

    What's up with Bitcoin? At the moment, bitcoin is no longer such a popular currency, but it is still for sale. They set their own price for bitcoins on various platforms. Nowadays, not every platform has a high price for bitcoin and therefore it is not always a profitable currency. On every platform, currency prices can change dramatically, and then you will lose a lot due to the fact that you simply did not track the price of the currency and how it changed. For me, there is one stable platform on which almost nothing changes in the currency price. The invested bitcoin can also be found there. Thanks to the site Investous for the good currency prices.
    3 years ago

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    henrywilson

    henrywilson

    I don't trust crypt at all
    3 years ago

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    M1ndPrototype

    M1ndPrototype

    I don't trust it either, but when you see the price of BTC, you start asking yourself why didn't you invest on time...
    3 years ago

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    TomSands

    TomSands

    I get you, I also did not invest in time, but at least I did invest. The price was lower at the start of 2020, and it did not go above 10000 dollars for a long time. I was a bit scared, but December, and the start of January were the best months in my life. We all know that the price has skyrocketed to the record-breaking 40000 dollars. Now it's a bit lower, but it will rise again for sure. Anyway, BTC transactions don't have to be unsafe, just use bitcoin blender when making transactions. It will make it impossible for anyone to track your transactions.
    3 years ago

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    DOROTI1

    DOROTI1

    Bitcoin has once again renewed its all-time maximum, close to $ 50,000. On the European Bitstamp exchange, the price reached $ 49,938, on Binance the maximum was $ 49,998 (paired with USDT). Bitcoin and cryptocurrencies in general are becoming more and more popular. Today it is already possible to become the owner of a cryptocurrency easier. For example, using the online exchangers https://www.bestchange.com/visa-ma...-to-bitcoin.html, you can buy bitcoin with a debit card or any other cryptocurrency.
    3 years ago

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    milaniagreen

    milaniagreen

    There are many ways to invest in cryptocurrencies, and most of them are available to everyone. If you are just at the start of studying this area, I advise you to find a loyal partner who can help you. I found one here
    3 years ago

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