Quote from: Mykon Bobby on February 20, 2025, 05:11:22 AM

Quote from: odunybiz on February 11, 2025, 11:59:38 PM

Quote from: Dzwaafu11 on February 11, 2025, 11:14:38 PM

Quote from: OfficialGratejoy on February 07, 2025, 12:26:14 PM

Crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

You are right. If you know what the risk of the investment you are about to put your money into is, you will know whether you should invest in it or not, but some people are failing to do the necessary research before they invest in the crypto market regardless of how promising that thing will be. We need to do our necessary research or know the risk behind the investment before doing it.

However, sometimes don’t follow the hype and think you will get huge rewards; sometimes you will lose the money. Also, there is some risk that you already know you will lose, so that kind of thing—don’t think the crypto space is risky so you will invest in it. Sometimes there is some risk you should avoid.

There is a wide difference between investment and gambling. Some people see crypto industry as an investment while some look at it as a means of gambling.

👉👉The investors: This group of people take their time to make necessary researchand look deeply into project before investing their money. They know the risk involved in the space, so they also make a move on how to manage the risk.
👉👉The gamblers: They are always eager to make money. Even when they see high risk on project, they still invest thinking every thing in the space is risky.

Anything you want to do and you are willing to succeed in it, it is very important to know the risk in that investment before you jump into it. because you not knowing the risk you waste your time and your resources.
It is not advisable to invest in business you don't know the risk.

As a matter of fact it is unwise and foolish to invest in nay business you don't know the risk involve or attach to it and it is very funny how people get carried away because of the positive side of any project or investment. There is something someone told me some years ago, the person said if you are calculating how much profit you are going to make in any business, you should also at same time calculate how much loss you will make if it doesn't work out well so checking only the advantage of anything is very wrong and it can make you not to succeed in that particular thing because when the challenge come up you won't know how to go about it because you never had a thought of it before.