Is investing in Bitcoin is safe ?

bitges

Junior member
23 1
Actually, any deal is not totally safe. There are always some risks with cryptos. Bitcoin is considered to be safe because it has a longer history than other coins. And people tend to rely on things which are time-proven. So, it depends on you. You can either hodl btc or trade it. The only thing which really matters is finding a reliable place for this. I would suggest *. They have all safety measures to protect users' funds from hacks.
 
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NVP

Legendary member
36,915 1,907
Actually, any deal is not totally safe. There are always some risks with cryptos. Bitcoin is considered to be safe because it has a longer history than other coins. And people tend to rely on things which are time-proven. So, it depends on you. You can either hodl btc or trade it. The only thing which really matters is finding a reliable place for this. I would suggest *. They have all safety measures to protect users' funds from hacks.
or dont trade them at all ............trading is hard enough without adding more risk to the equation ;)

N
 
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robertbentley

Newbie
6 2
First of all you have to choose a very good platform. I strongly recommend you to avoid most of the online exchanges..
However, if you are only a beginner trader, the bitcoin world is very hard to start..
 

progix

Active member
235 3
Maybe from this point this bitcoin may take u-turn and like last year end it will goes all time high, but be careful and invest to that extent which you can afford to loose.
 

Ovitany

Junior member
13 2
I find that crypto is still relatively new market and there are still things that are to be learnt about it. In order to be on a safe side, it would be wise to make cryptos diversification as relatively small percentage of your overall portfolio.
 

progix

Active member
235 3
Just as i predicted bitcoin seems to be moving in upward trends, not sure what this will do in future but may be it will change bearish trends in to massive bull runs.
 

J_C_Anderson

Active member
129 23
For sure, Bitcoin shows realtive uptrend movement, but there are lot of bagholders that will cover their positions to reduce loss, and such actions could stop that uptrend.
 

alexwinkler

Active member
172 5
In short Yes, but it all comes down to how you do it from investing strategy to the exchange you are using.

Here's 3 criteria: What to look for on exchanges (I'll use coinbase as an example)

#1 What Are The Specs? (History, Location, Size)
Coinbase.. Relatively Old, Located In USA, And It's BIG)
Grade: A

#2 Safety Features
Everything is there for an secure account and the vault feature is cool. One thing I would like to see is multi-level account access. This would be nice if I wanted to give someone access to the account but disable the right to trade or make withdrawals.
Grade: A

#3 Support
Many people complain here and I've also had my share of bad experiences. There's much room for improvement here for Coinbase. Grade: C

Conclusion In Total I think it's fair to give Coinbase is a B+ They are def better than most exchanges out there and I do like to use them on a daily basis and they offer tuns of tools to help you protect your account. Ontop of that they are very established and have a solid track record. However, if you do need anything from them that requires additional support or more institutional like features I believe you'll be disappointed and you'd find alternatives else where. So there's much more Coinbase can do to approve in that regard and is why they were not a full A for me.

Full video where i outline crypto saftey with focus on coinbase

 

Madalyn

Junior member
29 2
No trading or investing is "safe"
 

fibo_trader

Veteren member
3,849 79
Hi Guys,


Saw couple of articles regarding investing in Bitcoin a safer option. But does that make sense in long run ? Or any other source of investment is better ?



Thanks


NO! NO! NO!



Its not safe and you will need a much bigger boat!

Meant only for gamblers, account blowers, speculators, Adrenalin-blasters like myself its the best game to capitalize on the folly of CROWDS = HERDS in town. Win big or end up at the YMCA ... both good options IMHO


 

trendie

Legendary member
6,272 1,017

TWI

Senior member
2,527 252
I have been in bitcoin since 2014, only had some I bought out of curiosity back then. Forgot about them, then saw an article about crypto early 2017 and dived right in. Just little background, spent most of my career as pro derivatives trader and physical commodity guy. I understand risk management pretty well. So, 2017 was fabulous, a total gold mine, all these ICO's vesting at 5-10* and cryptos heading skyward. Made a phenomenal return on a few grand initial stake. Then along came 2018 and other than what I had taken out to pay for a few foreign adventures, the portfolio got decimated. Now in 2019 doing well again. Overall I am up triple digits since early 2017 but the ride is so wild I only allocate 2% of my portfolio to it. These days I trade for my living and certainly would not go in to this space in any real size. As of today I hold Bitcoin and Tezos and I mess about in some of the other higher mkt cap coins. Never go below the top 30 coins. Good luck.
 
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progix

Active member
235 3
I have been in bitcoin since 2014, only had some I bought out of curiosity back then. Forgot about them, then saw an article about crypto early 2017 and dived right in. Just little background, spent most of my career as pro derivatives trader and physical commodity guy. I understand risk management pretty well. So, 2017 was fabulous, a total gold mine, all these ICO's vesting at 5-10* and cryptos heading skyward. Made a phenomenal return on a few grand initial stake. Then along came 2018 and other than what I had taken out to pay for a few foreign adventures, the portfolio got decimated. Now in 2018 doing well again. Overall I am up triple digits since early 2017 but the ride is so wild I only allocate 2% of my portfolio to it. These days I trade for my living and certainly would not go in to this space in any real size. As of today I hold Bitcoin and Tezos and I mess about in some of the other higher mkt cap coins. Never go below the top 30 coins. Good luck.
I bought a few coins which were moving with liquidity last year and afterwards i think i haven't bought the dip but i made wrong decisions of buying them at very high, now waiting for the new bull run market again and hodling them.
 

pela78

Member
71 4
267748


Setup for shorting

Every market is moving within neverending cycle: ...balanced -> unblanaced -> balanced -> unblanaced -> balanced -> unblanaced -> ...
Balanced markets cover 80% of time. Trending markets last 20%.

It is hard to understand, but many cycles are developing at the same time on different timeframes. Learn more in Peter Steidlmayer original materials.

The zones of balances can be detected on chart as they form the triangle shape. The zones of unbalance forms trending movements (pumps and dumps).

Here is a pair if the #BTC chart. On the top side - 30m bars, it shows the triangles of balances. The goal of a trader is to find low-risk opportunities. Where do they hide? Think from the point of view of market balances. From my point of view - the rational answer is:

  • sell at the top line (resistance) of the new balance after the previous balance was broken down
  • buy at the bottom line (support) of the new balance after the previous balance was broken up

On the bottom side - clusters tick chart. It shows the details and confirmation to open the trade. A lot of green clusters - minor buying culmination. Some sellers are knocking out amid triggering their SLs. Some buyers enter breakout longs. Soon, they both will find they made a mistake. This is your setup for shorting.
 

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