Quote from: _act_ on June 02, 2022, 07:28:39 AM

Quote from: Takyeon on May 31, 2022, 04:41:56 PM

it's the same risk involve with crypto generally including BTC but BTC is just way safer, I have seen people losing 6 figures to Luna and some Defi projects, first of all try to understand what you are going into, many don't know how risky crypto space is, take risks with what you are ready to throw away.

The risk of investing in cryptocurrencies are not the same at all, bitcoin is the safest, Altcoins like litecoin and ethereum are better than many altcoins. There are some altcoins that should be avoided. What happened to luna is just like a ponzi to me, many altcoins are existing successfully but not that they are not risky. But you are not wrong, it is good to take risk with what you can afford to lose.

Bitcoin is much more safer and the best because it has been the only currencies that even two countries has adopted as a legal tender and also getting more recognized in the world than altcoins that has no utility and bitcoin is more decentralized.

Taking risk is good but you must remember that not all the time taking risk you will be successful someday cause sometimes even you are taking high risk then end the end of the day you still loss your money so it's a good practice that you must take a risk what can you afford to loss because like I said not everytime you will be successful.
Bitcoin is very known and the father of all crypto currencies so it safer than other