Bitcoin is not as risky as many think. - page 8.

maxreish

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Volatile market makes it risky. You are engaging in unstable crypto market with your own bitcoin. And i have read the article, it was compared to the other assets like stocks. Thus it was said to be safe haven because it can be considered as long term investment.
Here's what they have said in the article;

Quote

High volatility in the stock market suddenly makes Bitcoin’s volatility less intimidating, leading to further adoption and good news for the cryptocurrency. So, Bitcoin is safer than most assets – especially right now.

From my point of view, this ncovid crisis makes it for people recognize the use of bitcoin. But that doesn't mean that it is not risky.

gettingrektallthetime

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scared money dont make money Tongue

Negotiation

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The market always comes down and it doesn't settle in one place I don't think Bitcoin is so risky it will totally depend on us If we can practice different places properly it is possible to reduce the risk. Because Bitcoin is not a stable currency its price always fluctuates. However if Bitcoin is able to collect and analyze the data in the right way the amount of loss can be reduced and the prediction is possible.

xenxen

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i wont agree that bitcoin has not risky because of volatile price that if you not updated for this you can loss in one glimmer.. you can leesin your risky if you have good strategy and high lucks of predictions...

maydna

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Bitcoin has a risk, and that is about the volatility of the price. But we can reduce the risk by searching for information about what will happen to bitcoin. Although we cannot know for sure, at least, we can make some strategy if bitcoin is not moving as what we think. If people can learn more about bitcoin, and they can gather much information, I am sure that they will not confuse, they can stay calm when bitcoin move to one point level price. But yes, bitcoin still unpredicted and we don't know how much bitcoin price will increase or decrease, so we need to be ready for any possibilities.

Oasisman

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It may be less risky if you're hodling for long term and wait at the safe side, set specific target waiting for the value rise.
Now, it would be a different story when you're trading. The range of Bitcoin's volatility seems limitless, thus confusing new traders what moves to do next, when to sell, and when to buy. I can say Bitcoin has the same level of risks from other investment platform, not unless if you're just holding for long term.

alan2here

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Quote from: rajsimran on March 25, 2020, 05:48:49 PM

Investment is always risky. Noo matter it’s online, offline or crypto. Even bitcoin is more risky because bleeding time bitcoin went 4900$ from 9k$. Imagine that if you bought bitcoin at 9k$ and comparing now you are in loss (around 2k). But bitcoin price movement and trends made that bitcoin is not risky other coins.

Now is a very unpredictable time and Bitcoin is very volatile if there is bad news related to this market. I think everyone should stay calm during this time and limit their investments because now the market is risky and don't know when things can return to normal.

A lot of people have predicted that the price of Bitcoin will rise very high in 2020 but until now I only see Bitcoin price decrease.

leowonderful

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Bitcoin FTW!

I'd also disagree that Bitcoin's 'unrisky'; it takes just one look at a daily or weekly chart of Bitcoin recently to see that Bitcoin's still as volatile as ever, and I doubt it's going to change in the near future as long as Bitcoin's mostly a speculative asset. Either way, whether you think Bitcoin's not as risky or more risky, don't be dumb. Invest only as much as you can afford to lose. Always plan for the worst, because there's a much greater chance of losing significant amounts of money than you might think through any investment.

adzino

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I beg to differ. You can't be saying bitcoin is as riskier as other assets (i am assuming tangible assets over here). To be honest, tangible assets are actually very very less riskier than crypto currencies. The assets can hold their value. They don't drop in price within few seconds. The prices of tangible assets cannot be manipulated very easily. Look at the bitcoin market. The prices drop to a huge extent just within few seconds. The market can be easily manipulated by those who get to control majority of the coins. It would plain stupid to call bitcoin less risky. Though with risk comes the profit!

nelson4lov

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Great article. It was an interesting read. It just hit the nail on the head. Most naysayers are quick to condemned Bitcoin as being too volatile and risky. They keep forgetting one thing – that life is all about risks. There's risks in almost anything we do. Whether you're saving money in banks, investing in government bonds or bills etc, Its all risk. Don't mind the fact that they always sugarcoat it. Look how the world is faring in a global crisis like the COVID-19 pandemic. Stocks are on a steady decline, oil prices near the lows, banks are shutting down. How do we get funds across — locally and internationally? You got your answer.

btcholder

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It's depend on you that in which way you accepting btc in your life. If you thinking as a investor then i would say everything is a risk when you want to invest on something. If you think as a normal user then i will say it's safer than other currency. Yes bitcoin price is too much sensitive and not stabilize than other currency but it's secure than others. BTC gave you real freedom feel where fiat money or other currency try to take away from you. Here is a great article about why btc better than other conventional currency.

rajsimran

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Investment is always risky. Noo matter it’s online, offline or crypto. Even bitcoin is more risky because bleeding time bitcoin went 4900$ from 9k$. Imagine that if you bought bitcoin at 9k$ and comparing now you are in loss (around 2k). But bitcoin price movement and trends made that bitcoin is not risky other coins.

CaVO32

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Quote from: bitbunnny on March 25, 2020, 11:52:36 AM

Every type of investment is risky and everyone who has ever invested in something knows that.
Bitcoin was especialy targeted as a high risk investment because of volatility, lack of regulation and basicly without any kind of protection for invedtors.
But if you invest with care, based on knowledge, information and experiences you can minimize these risks and still get profit.

And to add, if you only invest what you can afford to lose, it would be better for your own sanity. And since bitcoin's price volatility is still one of the major factors why it is considered as a high risk investment, you should be prepared on whatever direction it will go to. You should know when it is good time for you to cash out. and always remember the motto of this game - buy low, sell high. Don't be too greedy with your profits.

milewilda

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Quote from: OGEOS on March 25, 2020, 07:46:20 AM

One of the main points many Bitcoin naysayers are quick to bring up whenever you question them on why they are so anti bitcoin is that bitcoin is ‘volatile and risky’. The truth is that Bitcoin is no riskier than any other asset and it may even be safer.

Here’s why Bitcoin is safer than most assets: https://www.cryptopolitan.com/bitcoin-is-safer-than-most-assets-stop-treating-it-as-risky/

What are your thoughts?

Nothing is safe and i cant say that this one is much more safer or less riskier compared on traditional investments like forex and stocks.We know that this one is a speculative market
which isnt even regulated nor cant be controlled.Level of volatility would either fuck you up or would give your riches and we know that the higher the risk
the greater reward but well we know that people are natural gamblers. Wink

bitbunnny

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Every type of investment is risky and everyone who has ever invested in something knows that.
Bitcoin was especialy targeted as a high risk investment because of volatility, lack of regulation and basicly without any kind of protection for invedtors.
But if you invest with care, based on knowledge, information and experiences you can minimize these risks and still get profit.

fudster

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All those neighsayers heard are the scams in cryptocurrency which were in the news but ask them whether they knew how bitcoin works because they never really knew it. They don't even understood what a blockchain is because all they know is that bitconnect scammed them. Naysayers aren't worth an attention because with all the internet bandwidth available in their phones they can't even watch a youtube video to learn a bit. You can forget discussing them about risk.

aysg76

legendary

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It seems we can safely bet on the bitcoin for long term investment.

In the current market bitcoin is stable like anything as compared to the stock markets, golds and other type of bonds. The prices are not stable, bear is stronger in others while BTC has recovered pretty faster.

May be people are at homes and investing in them as work from home stuff! Cheesy

Apart from this surely it is gonna be stronger asset.

In the silence

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Quote from: OGEOS on March 25, 2020, 07:46:20 AM

One of the main points many Bitcoin naysayers are quick to bring up whenever you question them on why they are so anti bitcoin is that bitcoin is ‘volatile and risky’. The truth is that Bitcoin is no riskier than any other asset and it may even be safer.

Here’s why Bitcoin is safer than most assets: https://www.cryptopolitan.com/bitcoin-is-safer-than-most-assets-stop-treating-it-as-risky/

What are your thoughts?

You are right Bitcoin is a more secure asset than most like gold, which is mineable but limited unlike gold which can be created, Bitcoin cannot be created once all the total supply has been mined.

All of the investment stocks forex or any other form of cryptocurrency is hight at risk but for Bitcoin it is just getting started so ignore the ups and downs and aim for the future it can give

GreatArkansas

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Bitcoin becomes known as risky because of its volatility and I agree on it, that's the way other people think.
@jackg is right, Bitcoin is a bit like new technology.
Bitcoin still young and I also believe as we go along, the price volatility of Bitcoin will decrease since we have only limited Bitcoin.
But we still can't force other people to believe that Bitcoin is not risky, they still have their own reasons and opinions.

jackg

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https://bit.ly/387FXHi lightning theory

Speculative markets are generally more risky. Bitcoins a bit like a new technology startup that breaks even every year.

You're investing in an underlying asset that's only seen as valuable by fellow investors. We had the problem in ~2018 with this though since people kept buying thinking it was going to go up. And much more recently we've seen jolts due to this.

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