I Was Scared To Invest In Crypto — Here’s What Changed My Mind (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),Fn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    I Was Scared To Invest In Crypto — Here’s What Changed My Mind (2024)

    FAQs

    I Was Scared To Invest In Crypto — Here’s What Changed My Mind? ›

    “The investment strategies, such as dollar-cost averaging and focusing on long-term fundamentals, provided a refreshing alternative to the speculative mindset often associated with cryptocurrencies. Understanding these approaches eased my fear of market volatility and created a more sustainable investment mindset.”

    Why is crypto a scary investment? ›

    Most crypto coins have extreme volatility swings, complicated technicals and very little regulation. So, while there's an opportunity and people have become rich, many still hesitate to invest in the crypto market.

    Is it worth buying crypto now? ›

    Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.

    Is it too risky to invest in crypto? ›

    Investments in crypto can be complex, making it difficult to understand the risks associated with the investment. While not all cryptos are same, they all pose high risks and are speculative as an investment. You should never invest money into crypto that you can't afford to lose.

    Can you lose more than you invest in crypto? ›

    Cryptocurrency trusts and mutual funds can involve high expenses, with fees exceeding 2% or more of the investment. Cryptocurrency futures are leveraged products, meaning you could lose more than you initially invested, quickly and with relatively small price movements in the underlying futures product.

    Why people don t invest in crypto? ›

    Is Cryptocurrency a Safe Investment? Cryptocurrencies have attracted a reputation as unstable investments due to high investor losses due to scams, hacks, bugs, and volatility.

    Is crypto riskier than stocks? ›

    Yes, typically cryptocurrencies are considered riskier than stocks due to their high volatility, less regulatory oversight, and their relative newness. However, while stocks are generally more stable, they are not immune to risks such as market downturns or company-specific issues.

    How much will I get if I put $1 dollar in Bitcoin? ›

    Convert United States Dollar to Bitcoin

    1 USD equals 0.000015 BTC. The current value of 1 United States Dollar is +1.17% against the exchange rate to BTC in the last 24 hours. ​ The current Bitcoin market cap is $1.29T. ​Create a free Kraken account to instantly convert USD to BTC today.

    How is crypto better than money? ›

    Cryptocurrencies are a portrayal of a brand-new decentralization model for money. They also help to combat the monopoly of a currency and free money from control. No government organizations can set the worthiness of the coin or flow, and that crypto enthusiasts think makes cryptocurrencies secure and safe.

    Is it still smart to invest in crypto? ›

    Given these factors, the case for investing in Bitcoin remains highly relevant, especially for investors with long-term horizons. While short-term market fluctuations may cause uncertainty, Bitcoin's underlying fundamentals remain robust, making it a resilient asset for wealth preservation and long-term growth.

    What is the safest cryptocurrency? ›

    Cryptocurrencies are incredibly volatile and not for all investors. Decide if they fit your risk tolerance before diving in. Bitcoin and Ether are in a league of their own as the two best cryptocurrencies to buy. Four more speculative cryptos are worth a look, each with their own defining characteristics.

    Is crypto safer than banks? ›

    Payments with traditional debit and credit cards offer certain security features that crypto doesn't. For example, in some cases you may not be liable for fraudulent purchases made in your name. This generally is not the case with cryptocurrency.

    Will crypto ever rise again? ›

    Is bitcoin's price going higher? This is impossible to know for sure. Proponents expect its price to continue to go higher over the long term, while remaining volatile. The introduction of ETFs and the recent halving are likely two of the main reasons many people believe the price will go higher.

    How do you not lose money in crypto? ›

    At the very least, you should have enough emergency savings before putting any funds into crypto. Once you're ready to invest, you should make it no more than 5% of your portfolio. This is enough to gain exposure to potential gains while limiting the impact of losses on the overall portfolio.

    What happens if your crypto investment goes to zero? ›

    If the value of a cryptocurrency goes to zero, your investment becomes worthless, resulting in a total loss of capital.

    Can I buy $20 worth of Bitcoin? ›

    You can set the amount of fiat you want to spend to buy bitcoin. This will automatically identify the amount of coins you will receive in your account after purchase. You can start with a minimum of $20, and buy even a tiny fraction of the oldest crypto.

    Why do people fear crypto? ›

    The fear of the unknown often stems from a lack of understanding about how cryptocurrencies function. To overcome this fear, individuals should take the initiative to educate themselves about blockchain technology and the mechanics of different cryptocurrencies.

    Why do governments fear crypto? ›

    In its current form, Bitcoin presents three challenges to government authority: it cannot be regulated, criminals use it, and it can help citizens circumvent capital controls.

    Why is crypto a high risk investment? ›

    Holdings in online “wallets” are not insured by the government like U.S. bank deposits are. A cryptocurrency's value can change constantly and dramatically. An investment that may be worth thousands of dollars today could be worth only hundreds tomorrow.

    Why is crypto a threat? ›

    Classifying crypto

    Critics, however, see crypto assets as not merely inherently worthless but a front for crime, scams, and gambling. They also point to their dizzying volatility. Bitcoin, for instance, soared from $200 a decade ago to nearly $70,000 in 2021 before plunging to around $29,000 today.

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