Buying Crypto Coins
By Ielky
@Ielky16 (93)
5 responses
@arunima25 (88414)
• Bangalore, India
27 May 21
That's very true. Quite volatile market and a very uncertain one. So it involves a high amount of risk. Starting with low amount investment which one can afford to loose will be wise.
1 person likes this
@arunima25 (88414)
• Bangalore, India
26 May 21
Hope that someone with good experience to guide you . Crypto market is a volatile one and you should have an appetite for risk to invest there.
2 people like this
@arunima25 (88414)
• Bangalore, India
27 May 21
@Ielky16 Welcome. JJ has rightly said that you should invest only when you can afford to loose. Starting with some little amount that you don't mind loosing would be wise.
@Belexhanns (3431)
• Kampala, Uganda
26 May 21
Its very hard to gain from it, you invest what you don't like
1 person likes this
@VictorFrankenstein (253)
• United Kingdom
26 May 21
No, it's too akin to gambling. The thing about crypto, like forex, is there's no underlying asset. You're betting on the price going up - and if you're right, you win but someone else loses. It's like roulette. I prefer investing in shares, where it's a business that produces some kind of identifiable product or service, and if the price doesn't go up I've always got the chance of making my money back in dividends in the long term. Or property, if you've got enough money for the deposit on a house, then you can get a mortgage and rent it out. There are loads of ways to invest money sensibly, without taking crazy risks.
1 person likes this