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  1. #1
    Trader Killer_Queen's Avatar
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    5 reasons to invest in cryptocurrency

    5 reasons to invest in cryptocurrency

    who does not know about cryptocurrency nowadays? it beats the stocks popularity and of course over forex market too. people get attracted more with cryptocurrency with its fast and high volatility that could change a person to be rich faster than when they trading with forex or stock market. such comparisons made most people inclusively beginners try to learn about trading in cryptocurrency.

    cryptocurrency now has become one most-interesting business to participate due to its huge popularity among people in the world starting from low type investors to big world bankers. it is not only attractive by the popularity, cryptocurrency market has also gave a lot of benefits to many smart investors in fast peak and simply raised small value of cryptocurrency to become higher. unfortunately this made most beginners lost their money due to the fluctuations of cryptocurrency.

    in this thread i want to share my own thoughts about cryptocurrency investment and why we should do that with 5 points. these points i hope they can clarify more knowledge about cryptocurrency and may help new people who have not invest any money with cryptocurrency and now become interested to try.

    reason 1 - safe place to keep the currency with public ledger

    mostly known as blockchain. one most favorite place for investor to make all transactions regarding to cryptocurrency. it is named with public ledger because blockchain is not owned by any goverment or not related to any bureaucracy in this world. which make it safe and trusted. investors identities of currency's owners are encrypted to cloud server to ensure the legitimacy of record keeping. what is better than this in this digital world of trading?

    we can keep our track record of transactions safely with ledger. unlike other companies or banks who keep our records but we can not access it, trusted ledger such as blockchain helps this out a lot and make us easily to monitor every activities with our account and everything is recorded, not a single thing is missing from it.


    reason 2 - it is a futuristic currency which all people would probably use in future

    some of us may think this cryptocurrency market now is less used within our country because most of payment and purchase still using physical money. less companies are using cryptocurrency out there to buy and sell something but recently i read that in somewhere in usa they allowed of using bitcoins to purchase a property. do not know if it is still allowed or not for now.

    a simple thought may arise from this statement. is it true that the digital era will come soon? well nobody knows for sure about it when, but i think it is going to happen someday in next decades. that is why most people believe that starting this crypto investment from now could give them a future ease to keep money digitally, not keeping the money inside our own wallet.


    reason 3 - everything's at hands

    we are responsible for everything we do with our coins. if we want to keep them longer without selling any then it is fine as well as when we want to buy more. it is all our choice to make and nobody can tell us what to do with our money and if we got our own investment planning with our coins then focus with it.

    this is different type investment compared with forex and stock. we may keep all the physical records between forex and stock market but with cryptocurrency we can not keep any because they are in digital form, unreal yet valuable. so all we can do is to keep them safe inside ledger and wait for the price is going higher if we want to sell it. otherwise if it is going down we can keep the coins until the price is going back again.


    reason 4 - faster process of becoming a successful investor

    many believe and mostly proved there are many millionaires around the world which succeed from cryptocurrency investment. it is why this create huge euphoria in the world and make cryptocurrency most talked and discussed all the time. it is so famous until the food vendor near my house also talked about it. crazy is not it?

    it was dated in 2015 and i can not explain how much money those people made now in 2018 from cryptocurrency investment and how much losses they suffered as well, too bad for those who were very late at buying bitcoins for example. the process is totally different compared to forex and stock trading and so the difficulties.


    reason 5 - no strict restrictions to start

    similar to forex trading, all of people with internet connection and appropriate device can start joining in this investment as long as we got the money to invest. not much, maybe about $1,000 as a startup for cryptocurrency. it is bigger than forex market's minimum deposit but then we must choose which kind of investment we want to do and which one is more interested than the other? choose wisely before we invest the money.

    even if you have not finished your school or have not graduate from your college but still got some money from your savings or gifts from parents or else you have the money from your hard work, then you can invest the money with this market. once you get in, you will be equally the same and worth the name as investors. this kind of investment does not give any attention to our social status, skills matters.


    my conclusions about cryptocurrency - 5 reasons why we should think about it again

    1. specifially for Muslim people. since it is non-physically currency and only contains number inside our blockchain or other public ledger, i am afraid for Muslim traders this is prohibited because a transaction must be made between physical items which make forex and stocks still considered and allowed to use.
    2. Muslims people should be thinking wise enough about this cryptocurrency investment. in the law we know that we can only get the profits in halal when the amounts are not really bigger than the money we risk before. if it is bigger then it can be called as interests, swaps, commissions or anything that related to those which are haram to receive.
    3. it creates fast pace of high and low. those who does not prepare for instant change from market could probably drive themselves crazy especially to those who spent all their savings to invest with cryptocurrency. many sad stories shared on internet about this and i feel so sorry for them.
    4. we need to pay attention to market big speculators because cryptocurrency market is not driven by most economic news and it is only affected usually with usd. if we can not play big money in the market then we should remain patience to keep our coins grows bigger. never sell any if the price still lower than we bought.
    5. there is no minimum requirement to start the investment but for higher earning mostly people are willingly to risk even their whole pensions or savings to invest with cryptocurrency. it may be sweet business in the beginning but if we do not learn and practice about it first, i am sure we can become an easy meat to other speculators in market, letting them to take our money easily without big efforts.

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  2. #11
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    ok i agree with you in all what you've said , your reasons are correct , but what would you say about the high danger rate in this kind of trading ? we see a lot of people losing tons of money , losing their lives just because they invest in crypto ... the real investments in Bitcoin for example was before some years ago , when it was about 100$ or less , now you can't be sure all the time about your investment because prices get up up up then suddenly drop very hard , not a very stable market ...

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  3. #12
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    Cryptocurrencies are so profitable in the present world where the investor can double their account in one day due to the volatility and price high and low. I wanna say that if we invest 100$ on ripple when the price of ripple was at 0.002 than today we can become the rich person and enjoy life tension free.

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  4. #13
    Trader shambca7's Avatar
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    Yes ripple is one of the better and great crypto currency to invest right now market is down but I still believe that in future ripple price can again boom but all depend upon the bitcoin, until bitcoin don't have a bullish wave till then all the crypto currencies will be own in the market. But future is bright and its good to see now that we can do trade in bitcoin with robo forex.

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  5. #14
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    [lang=ar]Hello my investment friend is to buy something and wait for a period of time may be relatively long for profit and increase capital but trading on digital currencies to increase the risk is because it is unreasonable behavior
    It is not important to buy a little price, but it is important to sell at a higher price than the purchase price. Do we guarantee to buy a little price and then sell at a higher price?[/lang]

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  6. #15
    Trader Silhouette's Avatar
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    Quote Originally Posted by snnaky View Post
    [lang=ar]Hello my investment friend is to buy something and wait for a period of time may be relatively long for profit and increase capital but trading on digital currencies to increase the risk is because it is unreasonable behavior
    It is not important to buy a little price, but it is important to sell at a higher price than the purchase price. Do we guarantee to buy a little price and then sell at a higher price?[/lang]
    Not for now and it's really too late for us to start thinking to invest our money with any coins. However if we got a strong belief that someday market would go back higher then we can purchase little from now and keep the coins until next couple months or years when we can finally sell our coins at higher price. It depends on people and this investment requires a lot of patience to do.

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  7. #16
    Trader Senorita's Avatar
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    Investing in cryptocurrencies do not guarantee that it will become profitable. Some have lost so much during this year because the cryptocurrencies went as low as no one projected. When Bitcoin was $15000 at a point so many invested to see their capital fall massively while some investor pulled out while some are still hoping and waiting for more rise. All I can advice anyone investing in cryptocurrencies is to invest what they can afford to loose.

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  8. #17
    Trader Obaforex's Avatar
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    Personally I am not a fan of trading the cryptocurrencies. This is because they are too volatile, for instance bitcoin may trade between a range of $5000 to $8000 in a day which to me is too much a gap in one day. Also a lot of people have lost their money to bitcoin and other similar cryptocurrencies in the past especially when bitcoin was trading at around $15000 to almost $20000 some traders bought and till now are yet to breakeven, however buying bitcoin at every deep below $4000 remains a really good investment for now.

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  9. #18
    Trader musiliu's Avatar
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    trading in cryptocurrency is a lot risky than forex or stock trading, the price is to volatile, if you will like to trade it, be well aware of all the risk and also don't just trade blindly, forget the buy and hold strategy, it only work for early buyers and will likely not work anymore, speculative buying is more advisable because the future of cryptocurrency is still not very clear, many economist and analyst are even predicting a crash, but if you a not a buy and hold trader, crash should not be a problem to you.

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  10. #19
    Trader Yayami's Avatar
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    Quote Originally Posted by Obaforex View Post
    Personally I am not a fan of trading the cryptocurrencies. This is because they are too volatile, for instance bitcoin may trade between a range of $5000 to $8000 in a day which to me is too much a gap in one day. Also a lot of people have lost their money to bitcoin and other similar cryptocurrencies in the past especially when bitcoin was trading at around $15000 to almost $20000 some traders bought and till now are yet to breakeven, however buying bitcoin at every deep below $4000 remains a really good investment for now.
    there's also chance for market to go lower than $4,000 which we must be fully careful about it especially to those who prepare such amount of money to purchase bitcoin. however, instead of buying one single bitcoin at that price why won't we stick around to learn how to trade in forex market or just trading with stocks market? so far these two business are better to work and relatively safer.

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  11. #20
    Trader tfs2012's Avatar
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    [lang=ar]
    Quote Originally Posted by Yayami View Post
    however, instead of buying one single bitcoin at that price why won't we stick around to learn how to trade in forex market or just trading with stocks market? so far these two business are better to work and relatively safer.
    I think the reason for this is the speculation that accompanies the currency that it may reach up to $ 100,000 in the future and this makes the idea of buying one and keep it very tempting on the other hand, this may not happen and end up causing heavy losses for many people[/lang]

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