Kakashi2020 Posted November 3, 2018 Share Posted November 3, 2018 There's a lot of new cryptocurrencies being launched and all of them are targeting to make it big. New Coins are quite risky but it's also quite cheap and volatile. Are you willing to risk your money on new coins? Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/ Share on other sites More sharing options...
cks003 Posted November 6, 2018 Share Posted November 6, 2018 One has to understand what supports the price of a virtual coin. Wide acceptance and network are two important supports that Bitcoin and Etherium enjoyed at the moment that sustain the price. This is because they convey a better potential that these two coins have the necessary base to be accepted compared to other alt coins. Although the alt coins are very cheap, the potential of price increase and profit is very minimal. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2507 Share on other sites More sharing options...
Steve5 Posted November 7, 2018 Share Posted November 7, 2018 I probably won't use my money for that. I don't like the idea of using hard earned money. It's too volatile for me. I might end up losing money instead of gaining it. This is better for people who've had more experience in cryptocurrency trade. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2554 Share on other sites More sharing options...
focusedwriter10 Posted November 7, 2018 Share Posted November 7, 2018 On 11/4/2018 at 12:43 AM, Kakashi2020 said: There's a lot of new cryptocurrencies being launched and all of them are targeting to make it big. New Coins are quite risky but it's also quite cheap and volatile. Are you willing to risk your money on new coins? All these new cryptocurrencies saw how Bitcoin was rewarding, and some people thought they can easily hit the market. I cannot risk my money until the new coin has gained some trust and stability in the market. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2583 Share on other sites More sharing options...
emiaj55 Posted November 8, 2018 Share Posted November 8, 2018 I probably won't vouch for new cheaper alt coins just yet. If the tide changes in the early 2019, I just might. But so far i'd stick with bitcoin. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2608 Share on other sites More sharing options...
Kakashi2020 Posted November 8, 2018 Author Share Posted November 8, 2018 5 hours ago, emiaj55 said: I probably won't vouch for new cheaper alt coins just yet. If the tide changes in the early 2019, I just might. But so far i'd stick with bitcoin. I know it's riskier to invest in new coins but it's also very volatile and one can hit the jackpot if he invests some money on a new coin that would be popular in the future. And besides new coins are really cheap. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2637 Share on other sites More sharing options...
emiaj55 Posted November 25, 2018 Share Posted November 25, 2018 Well you do have a point and it really gets me thinking. But with my limited resource I am very reluctant to put money elsewhere. Besides, how do I know where to invest. I am very new to this field and I don't have valuable experience in trades and stock market. I do not really know how to read the trend right. How do I know which cryptocurrencies has the potential of growth? Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2712 Share on other sites More sharing options...
Kakashi2020 Posted November 28, 2018 Author Share Posted November 28, 2018 On 11/7/2018 at 9:11 PM, focusedwriter10 said: All these new cryptocurrencies saw how Bitcoin was rewarding, and some people thought they can easily hit the market. I cannot risk my money until the new coin has gained some trust and stability in the market. That's usually the case with us investors, we can't seem to invest in something which haven't proven itself yet. That's why gamblers always wins the biggest price. As they say, the bigger the risk, the bigger the rewards. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-2814 Share on other sites More sharing options...
Alymae Posted December 2, 2018 Share Posted December 2, 2018 On 11/8/2018 at 7:27 PM, Kakashi2020 said: I know it's riskier to invest in new coins but it's also very volatile and one can hit the jackpot if he invests some money on a new coin that would be popular in the future. And besides new coins are really cheap. Yes. We should just really invest what we can afford to lose. If you invest more than you can afford, then, it would be very painful. Investments come with risks just like any other businesses. You will never gain anything if you don't try. You can try airdrops to get free new cryptocurrencies. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3037 Share on other sites More sharing options...
Kakashi2020 Posted December 3, 2018 Author Share Posted December 3, 2018 9 hours ago, Alymae said: Yes. We should just really invest what we can afford to lose. If you invest more than you can afford, then, it would be very painful. Investments come with risks just like any other businesses. You will never gain anything if you don't try. You can try airdrops to get free new cryptocurrencies. That to me is pretty logical. Investing what we can afford to lose is a good principle in investing money because you won't get pressured from doing so. Also it won't be a threat to your overall finances unlike investing your whole savings which can have tremendous effects on your finances if something bad happens. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3046 Share on other sites More sharing options...
Kakashi2020 Posted December 3, 2018 Author Share Posted December 3, 2018 On 11/25/2018 at 9:09 PM, emiaj55 said: Well you do have a point and it really gets me thinking. But with my limited resource I am very reluctant to put money elsewhere. Besides, how do I know where to invest. I am very new to this field and I don't have valuable experience in trades and stock market. I do not really know how to read the trend right. How do I know which cryptocurrencies has the potential of growth? As they say in poker "if you have doubts, don't go all in." Proper Education and Knowledge is needed before venturing in any kind of investment. Don't ever go in blind because you'll just be wasting your money. Try to learn and understand things first. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3047 Share on other sites More sharing options...
Alymae Posted December 5, 2018 Share Posted December 5, 2018 On 12/3/2018 at 8:25 AM, Kakashi2020 said: That to me is pretty logical. Investing what we can afford to lose is a good principle in investing money because you won't get pressured from doing so. Also it won't be a threat to your overall finances unlike investing your whole savings which can have tremendous effects on your finances if something bad happens. True. You never know where the investment will lean. You should have knowledge about what you are investing in. As you've said don't go in blind. Always learn the ropes first before doing it. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3138 Share on other sites More sharing options...
amosgwapo Posted December 5, 2018 Share Posted December 5, 2018 Yes I would probably risk some money because In the days to come, cryptocurrency can be something that can be a great medium for exchange and store of value. With different countries having a different value for money, this can be something that would act as a universal currency for people to buy and sell while not giving propriety to paper money. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3141 Share on other sites More sharing options...
Kakashi2020 Posted December 6, 2018 Author Share Posted December 6, 2018 On 12/5/2018 at 10:20 AM, Alymae said: True. You never know where the investment will lean. You should have knowledge about what you are investing in. As you've said don't go in blind. Always learn the ropes first before doing it. Each new coin should be properly scrutinized and researched on to know it's volatility. Having a firm grip on a coins history or background as well as it's future plans and directions are good investment habits. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3185 Share on other sites More sharing options...
JPK0007 Posted December 30, 2018 Share Posted December 30, 2018 Well, investing in altcoins can be risky especially if you are considering to invest in them as an alternative to something like Bitcoin. Inspite of the recent volatility in the value of Bitcoin, it still remains the most reliable option when it comes to investing in cryptocurrencies.Other than Bitcoin, Etherium is the other alternative for investment. However if you are ready to takke risks on the investment then you can look for other alternatives. Quote Link to comment https://slingbank.com/forums/topic/1569-new-cryptocurrencies-are-risky-but-volatile/#findComment-3683 Share on other sites More sharing options...
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