Post
Topic
Board Altcoin Discussion
Re: How risky to invest in cryptocurrency?
by
Sir Cross
on 21/06/2018, 11:20:51 UTC
How risky for beginner to invest in cryptocurrency? What kind of risk factor and what are the precautions?

For beginners, it is risky because they still have little knowledge about the reliable websites and campaigns to join to. They are highly at risk when it comes to scammers. Also if they don't know the analysis of the values, they might end up investing at a bad time. The least they can do is to ask the ones who already joined in crypto and have already a long time experience. Also, search as much as possible about crypto related topics like how the system works and how to see if the websites you join to is reliable and trustworthy.

I agree with this. Newbies could face a lot of risk factors especially in investing. Beginners should be able to research as much as possible on the coin they are eyeing to invest on. Additionally, they must also be able to know how investing works, to know the right time to invest and to decide on whether they would do short-term or long-term holding. Joining in forums such a this would be a big help to gain information regarding investing in cryptocurrencies.