Post
Topic
Board Beginners & Help
Re: Is Crypto safe
by
m2017
on 12/09/2022, 18:25:35 UTC
Hello community,
plz share valuable thoughts about crypto, is crypto safe or not for long time, does i invest full money in crypto
I can't say whether my thoughts are valuable (you decide), but I have them of the following nature. It's not 100% sure that crypto is safe in the long time and that's okay. Nothing can be said 100%. Everywhere there are risks and uncertainties. Crypto has always been considered a risky asset since its inception, against the backdrop of the stock market, for example. Trends change and assets that were considered safe can become risky over time. I recommend taking this into account. Especially if you plan to invest full money in crypto. I think this is not a reasonable decision and it is better to change "full money" to "part of the money". Which part, here I don't undertake to advise you and leave the decision to your conscience. Investing all the money in crypto is fraught with losses and troubles. If the market falls, as it is now, and you urgently need money, then there will be no other way out than to sell crypto at a loss. You were making these purchases for the opposite reasons, weren't you? This means that losses must be avoided at all costs. Or the market will sink even more and with free money, you can buy another crypto at a bargain price. In general, I consider the strategy of buying in parts with some time intervals to be the best.