Post
Topic
Board Economics
Re: How to manage the risk in investing cryptocurrency?
by
alex M
on 20/05/2018, 00:59:45 UTC
I am managing the risks in investing in cryptocurrency by not only investing in cryptocurrency, I also put my investment in property and some pretty profitable shares, putting your money on just cryptocurrency is a big mistake, I guess everyone is not just investing in just one type of investment but some types of investment so that if one type of investment is not profitable we can cover losses with other investments
Yes of course. In making investments we should all consider that its just a gamble of money, we dont know what will happens next. For me, firstly I should invest what I can afford to lose. To reduce risk on my investments, I would prefer to buy coins with higher value like btc, etherium, and other coins with value but are in demand in crypto market. I will not focus to buy only one type of coin. Its better to have a back up investments that can cover up the loss.