Post
Topic
Board Bitcoin Discussion
Re: Crypto is For Risk Takers
by
coinnumber
on 29/06/2018, 00:05:13 UTC
The investment in cryptocurrencies is a kind of gambling, which, as shown by previous years, sometimes pays off. The panic selling of cryptocurrencies at the time when the price begins to fall is often unreasonable and rash. It is worth to wait out the worse moment to gain later. It all depends on how long the investment is planned, because someone who can invest for a short time is forced to sell their BTC when the price falls to reduce the maximum losses.
I disagree completely with this, and investment in cryptocurrencies is not like gambling, and those that treat their investments that way cannot call themselves investors at all, an investor needs to know exactly why he is doing what he is doing and how a particular cryptocurrency he is buying fits into his plans, if you do not have at least that information, how are you going to know if you are making progress towards your goals?

Despite the fact that the risk involved on cryptocurrencies investments is extremely high compared to any other investments does not make it to look like gambling in shot you can't compare the two. Every action taken by investor has a goal to me gambling has no goal, trust me the investors are the ones enjoying most here in the cryptospace because they go with lots of research and extremely careful just to achieve their goals.