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    Thread: Are the cryptocurrencies safe?

    1. #11
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      I think as long as the Bitcoin is not hitting the $10,000 level I can consider it as safe cryptocurrency because it's not overbought yet. But when it reach the $10,000 price then I may stop speculating for bull trend continuation. No one really knows if Bitcoin hoarder will start dumping all their coins and retire on that point.

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    4. #12
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      balut if there is a demand, I am not worried if the value of Bitcoin reaches $10000, that is the price that some experts claim it would do in about 10 years. However, these experts are nameless, so I cannot say they are really experts or if their claims are reliable. I guess we just have to wait for it out.

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    6. #13
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      Quote Originally Posted by balut View Post
      I think as long as the Bitcoin is not hitting the $10,000 level I can consider it as safe cryptocurrency because it's not overbought yet. But when it reach the $10,000 price then I may stop speculating for bull trend continuation. No one really knows if Bitcoin hoarder will start dumping all their coins and retire on that point.
      Safe its not a good word to classify bitcoin market. It can be very profitable but its never safe(there's no safe trade!). This bull trend is driven by speculation and that's normal to happen in this type of markets. If you're loking for something safe bitcoins are not for you.
      Know when youre getting out before you get in. Jack Schwager


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      Well. If we are to look at it with the last few years bitcoin was invented we will get a to understand that bitcoin currency is absolutely very safe. But the truth is we need to trade it in a very cautious way because we never know when it will probably crash because the rise is very huge

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      Quote Originally Posted by sonibark View Post
      Well. If we are to look at it with the last few years bitcoin was invented we will get a to understand that bitcoin currency is absolutely very safe. But the truth is we need to trade it in a very cautious way because we never know when it will probably crash because the rise is very huge
      Well every type of money can be safe as long as you take all the security measures to keep it safe. I was refering about the trading of cryptocurrencies which is never safe like your trading markets.
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      Greentrader I have mentioned before the value is base on perception, the investor drove by greed is pushing the value of Bitcoin to the level that it is now, but it is likely still going to go up.
      sonibark The cryptocurrency might be safe but trading it would not be. There are too many factors to consider too. My thoughts are it is okay to put some money in it but you must be prepared to lose it.

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      I think his comparison is 50:50. because rapid technological advances do not guarantee the security of the crypto currency. and hackers are increasingly sophisticated, especially to make the theft of crypto currency. and who knows if at this time we feel safe with it then unwittingly our crypto currency disappeared stolen hackers

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