All business need to risk, so not only crypto! - page 5.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

...Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto...

Obviously, you make such a conclusion based on the fact that you know such people who have achieved financial well-being thanks to cryptocurrency. But in reality, there are very few such people, and if you look at the rating of "The World's Billionaires" according to Forbes, you will understand that big money was not earned in crypto.

Awaklara

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

Everyone says crypto Is high risk is it really true?

it is a warning for beginners to be careful with crypto assets which are currently spreading very quickly with news spreading very quickly on social media.
the impact is quite intense when the market is in a downturn or the market is in a pump. it can attract common people to join crypto trading or investment.
Warnings related to risk are not frightening but provide an appeal to every beginner to do research before investing or trading. before they are completely ready, it is better not to do it.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

This statement can be very deceiving for many people who doesn't have a deep understanding of it. Trading is not meant for just anybody, there are plenty was to make money through bitcoin and it's not only embedded in trading. Everyone needs to look inwardly to grasp where his strength lyes and struggle to take advantage of it in their best interest.
Don't trade because a neighbor or friend is trading and doing great, it may not align fine for you if it's not for you. All believe for sure requirements risk but you still need to lookout for that which you can be in charge in managing the risk.

Solosanz

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It's like saying "let's do everything and take every risk because every human will die in the end".

The risk of investing in shitcoins is really big, I will not take it despite there's a chance the price can increase for 100x after few days.

But I'd choose Bitcoin because it's decentralized which mean no one control it, there's no chance the project turn to be scam, the security is very high and unlikely to get hacked. So when I hold Bitcoin, I just feel more secure than hold any other commodity or asset.

Franctoshi

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

When we talk about risk be it in investment or any kind of business, Even the day that you started crawling as a child you already started taking risks.

However, seeing that everyone's post almost going in the same direction we must understand and differentiate the kind of risk we should consider taking and not just any kind of risk, particularly investing in cryptocurrency or trading.
"it must be a moderate risk", meaning you must do your research before investing in any project and risk with what you can afford to lose.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

I think the better phrasing would be 'everyone should be prepared for the risk, and understand how to mitigate the risk'. If we talk about business, and compared to investment, any type of investment, Risks on business are easier to mitigate, because most of the risk factor are controllable by the business owner, while the opposite, most of risk factor in investment is not controllable by investor.

Pingrapole

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The word risk is properly associated with business where there is no risk.The benefits are outweighing the risks in Bitcoin.

Cryptocurrencies are a low risk, but high profit trading means losses are low and profits are high.

Bitcoin is a very profitable place for experienced and visionary people. Bitcoin is the only place where losses are much less than profits and here all people can successfully manage their income without any ricks which are not possible anywhere else extreme success in every case. There are more success stories than failures here.If anyone thinks I will invest without a risk then please Crypto here there is some risk, but the profit is high no matter what people say Crypto is the only place where profit is high.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

So why can't you?

OP, let's start with you, shall we? Why can't you achieve success in cryptocurrency as you write? That is, you generalize both Bitcoin and alternative coins. I was not too lazy to read about you. Are you a successful trader? Have you been able to accumulate different tokens that have brought you capital? No, everything is open here, and I see it is not. So why are you so confident in saying that trading is easy and referring to other people? We are interested in your personal experience. Learn to talk about yourself.
By the way, why can't you work with one account? Some can, but you can't.

So why can't you? Grin

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Crypto is risky when it comes to investments because of its high volatility. A lot of people are indeed making money from crypto investments because they have the required knowledge to navigate the crypto market and they get information early about newly created crypto projects. When you don't know something you end up as a failure. For instance, you have invested $50 in crypto to make some profits, After you have invested your money and the token you bought dumped, you will be afraid of losing all your money in the process you will sell the token not to lose all your money. In other to reduce this risk we should invest in Bitcoin

Sim_card

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

Some are investing and some are making a lot of money by trading. So why can't you?

If it is trading,I will prefer not take any risk on it because it is like gambling and there is high a possibility that you will make loss than profit. Those who are making profit from trading are professionals and they also run at loss too.The volatile nature make crypto especially bitcoin makes it a high risky investment than any other investment and it gives good profits that is why I choose to go for investing rather than trading because it is easy to hodli than to trade.Many people who are new to crypto thinks that it is easy to make profit from trading and at the end they will end up at great loss and they will run away from trading because they have experienced the market and know that it isn't easy to trade without a huge capital.

zaim7413

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Investors who are successful in doing business in crypto from an investment and trading perspective have taken risks that they can afford to lose, when they fail they can still try again because they have enough capital to turn failure into success. Regarding high-risk crypto depending on how deep the knowledge you have learned about crypto, if you are just starting out in the crypto business, then the risk is very high.
As long as you believe in the potential that Bitcoin and other cryptocurrencies have, you will try to find knowledge about crypto that you have never studied before, willing to add insight based on your belief in the potential that crypto can provide. When other people can, you should also be able to do as others do. The way is in each individual.

Dunamisx

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

There's nothing in this life that does not involve taking risk, name it is it water we drink or food we eat, when we are planning for making a business decision, we are also indirectly taking risk for it to be successful with good results or it may not yielded the outcome we expected to see, of we think cryptocurrency is the only thing that has risk then we have not yet started at all, there are many things we do in commercial and financial business economy that has higher risk than crypto, the measure we take against those risk to avoid their occurence is what matters and how we see them been realistic.

internetional

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My desire to avoid risk led me to cryptocurrency. I have traveled extensively, and banks often blocked my cards because I used them in different countries. Typically, during a year of travel, I had between 8 and 11 cards blocked. To unblock them, I had to return to the country where they were issued. And when each card was blocked, access to the money on it disappeared. When I started using cryptocurrency, I eliminated this risk.

Businesses also face significant risks from account blocks. I am from Russia, and I know that banks often block accounts of Russian companies, even though they have not done anything wrong. Switching to cryptocurrency would eliminate these risks for businesses.

Y3shot

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

People to have much confidence of making money from crypto and don't get to know how risky it is. If people can understand the risk in cryptocurrency first before investing or trading I don't think their will much challenges compared to just having a mindset of making money from it. Getting to understand the risk in cryptocurrency helps in managing by going through the right process of investing and trading.

The risk in crypto and that of business are not the same, it is possible to lose all your money in trading if you are doing trading in the wrong by not having knowledge about trading .

jcojci

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You just found out about it? Where have you been all this time? Many people have succeeded with crypto and many have failed with crypto. Those who fail because they don't want to learn how to use crypto properly. It will also happen to you if you don't want to study. Investing in crypto is not as easy as you think and without learning, you will not be successful with crypto.

iBaba

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You've answered yourself from the question. But beforehand, realize that life is all about taking risks, including in our day-to-day activities. So to start any business or trade, even in the conventional business life, there are risks associated with it and the understanding of this fact will be the beginning of your breakthrough as that will guide you through the process.

Now for crypto currencies, like any other platforms, you need to study the intricacies before investing or trading. Cryptocurrencies are another advanced alternative to the fiat currencies and like I have advised others, I will advise you to take it on. But more importantly, study the process to mitigate the risks attached.

Good luck buddy!

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Crypto is truly risky and that's not a wrong statement, if you go around telling people that crypto is not risky you will be looked at like a fool.

For someone who knows nothing about crypto, there are numbers of dangers awaiting such people.

I don't have to start mentioning how they can be exposed to dangers but start from their experiences with crypto exchanges, wallet interaction, and social media exposure, they are prone to making the stupidest mistakes.

Taking risks is different from learning how to get something done, in the rightful way.

You and I also know that we have so many scammers online, another is bad crypto projects, oh and crypto been too volatile.

Nwada001

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Volatility is among the things that make it risky. If you can learn how to manage those risks, then you will have fewer problems to worry about.

Another risky thing is security; learning how to also protect your holdings should be another important factor, because the more careless one is, the higher the risk of getting their funds lost at the hands of a scammer who did not work for them.

Going back to your question, it's better to manage the risk than avoid it, like Kodec5 has said, because we always have the chance of making something out of somewhere that's deemed very risky. It all depends on how we handle those risks presented in front of us, and when it comes to crypto currency, there is a lesser risk provided that you make the right choice of a coin and do not get involved in a higher leverage trade. Reduce the greed of getting rich quick, and I think you will be a little good to go.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.

There is no business in this world that doesn't have a form of risk, but the risk is in levels. Some businesses are highly risky while others have relatively low risk. Another fact is that sometimes the higher the risk the greater the profit, while the lesser the risk the lower the profit. When it comes to the crypto industry, Bitcoin has lesser risk than other altcoins because its price is more stable than other coins. The price of altcoins can shoot up overnight and it can also fall within a short time.

Quote

Some are investing and some are making a lot of money by trading. So why can't you?

People are making a lot of money and others are also losing so much money. Trading cryptocurrency requires some skills and experience because it is very risky especially if you are trading on altcoins.

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Quote from: Jocuserious on August 26, 2023, 05:49:22 AM

All businesses involve risk so the reality is that you should have the ability to take risks.
Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Every business you choose to invest in carries a degree of risk, whether it's crypto, stocks, or any other form of investment. It's important to acknowledge that investing in crypto specifically involves substantial risk due to the high volatility of cryptocurrencies. While people often share their success stories they tend to overlook the challenges losses and risk management they encountered along the way. This oversight poses a significant issue. Before making any investment, it's important to do your research (DYOR) yourself about the investment opportunity so you can see how much risk you can handle.you just need to have it in mind that there are no guarantees of profit in investments. Therefore it's advicable to remember only to invest an amount you can afford to lose.

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