Why is crypto called the safest currency?

[skrimon]

"There are many subjects you need to understand before calling it the safest currency system.

Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.

Crypto can be purchased, stored, and used safely — so long as the user follows best practices (see the section “How to Invest in Crypto Safely” below).

And following those same precautions, crypto can be invested safely.

However, when it comes to investing, most experts recommend that crypto be kept at a relatively small percentage of your invested assets.

In other words, it’s safe to invest in cryptocurrency — but you shouldn’t only invest in crypto.

Experts recommend building a diversified portfolio of stocks, bonds, ETFs, real estate, and cryptocurrency.

And, of course, no investment is guaranteed.

As we saw in the 2008 market crash, even seemingly safe investments like real estate and stock index funds are prone to market crashes. Crypto is no different.

Thanks!"

[MrDynamite1]

It seems to me that there is no such thing as a safe investment. There is an element of risk in all investments. It's just that somewhere there is less risk, and somewhere there is several times more risk. Sometimes it reminds me of gambling on luck. Even though I'm a big fan of poker. And personally, I trust king jonnie much more. But with cryptocurrencies, it's much more difficult in this regard, especially after the case when Tokyo cryptocurrency exchange Coincheck fell victim to what is apparently the biggest hack in history. So you still need to be very careful.

[Uncle Gober]

All investments or trades will definitely have a risk, as well as in forex trading it has risks and is proportional to the huge profits. So, it is hoped that the risks will be carefully considered, so that trading activities can be comfortable and safe with the Tickmill broker.