How safe is crypto investing is a unique question that has caught the attention of many people. You may be one of the many people who are interested in investing in crypto but are shrouded in doubt. What to do if you experience something like that? Here is my experience with crypto investing and some other investment models for comparison.
Trusted Crypto Marketplace
One important thing in answering the question of how safe is crypto investing starts with choosing a trusted marketplace. It is not difficult to find a trusted marketplace for this reason. With the help of search engines or online forums, you will easily find a trusted crypto marketplace to start investing.
The trusted crypto marketplace will provide an easy deposit and withdrawal mechanism that is connected to your financial account. Those ingredients are important to make investors feel comfortable investing in crypto assets.
The quality of the crypto marketplace can be said to be 80% of the overall crypto investment experience. 10% is knowledge of crypto assets, and the other 10% is your expertise in seeing price trends.
Don’t worry about price trends, you will learn them naturally during crypto investments.
Different Investment Model
Another comparative investment model that is quite easy for beginners is an online loan. Some online loan platforms provide users with the feature of acting as an investor. This investment model is slightly different from crypto investing. Investments in online lending platforms offer stable returns over a certain period of time.
For example below:
above illustration: Investing IDR 65million (US$4,500) for 12 months generating revenue IDR8.4 million (US$615)
Above illustration: Investing IDR 7.5 million (US$ 517) buying crypto asset, Aurora(AOA) generating revenue IDR 1.8 million (US$ 129) after 3 months.
I bought 375,000 AOA assets in early August 2021 for IDR20 and sold them for IDR25 at the end of October 2021. If you study the price trends of crypto assets you can trade crypto investments like this for maximum profit.
How Safe is Crypto Investing?
The illustration above easily explains that crypto investment has a high rate of return because it has a high risk as well. That’s why it’s important to choose a trusted marketplace and an asset that you understand. You can easily withdraw your profit straight to your bank account with trusted crypto marketplace.
Crypto investing is not for everyone, especially novice investors. Invest in an amount that you can accept if it is a total loss. If you’re not very familiar with it and just want to dabble while learning the rope, invest a small amount. If you feel smarter in seeing assets and price trends, you can increase the amount of investment.
If you want a more secure investment with a definite return (even if it is smaller), choose another investment model such as online lending (for example).
