Topic: Can you consider yourself as a risk taker if you buy bitcoin? (Read 769 times)

True, not all those who take high risks are gaining bigger profits in return. In fact, what they only gain is life changing losses that could deprive their bright future ahead. So never believe it’s mostly possible most especially for beginner investors. Taking small risk at the beginning is good enough, you will only increase it once you are in consistent profits already and you may think that investing a bigger amount could be more helpful with your future profits.

Understanding comes with experience. For beginners, this always seems to be something very difficult and risky, since this is a new direction for them in investing. But I know people who have invested in Bitcoin for a long time and store it for quite a long time waiting for their price at which they will be ready to sell him. Personally, I am ready for any scenarios that may happen to the market for me, this is perceived as a game in a good way and I am ready for risks.

You said was right which is actually that a right thing that you should really be that minding about the risks that you had taken on the time that you had stepped your foot into this crypto space
or on any investment or industries out there which you are trying out to engage on. When buying up Bitcoin then you are really considered to be a risks taker because we know that there's no
such thing about risk-free or 100% safe on any business out there specially if you are planning to have an investment or making more profits.
This is the first thing that you should accept on the time that you do make out such decision.

Everyone has their own definition about risk. So if we take that in consideration, what you say could be right and also be wrong at some extent. It totally depends on who we are talking about and what their situations are. For example, if the investor is poor and he tries to invest all he got hoping that he will make a fortune, and in that process lose some in price dump. Then to him, only buying could be a risk. But this is not what pros do. They know the concept and how things works around here. That is the reason why their definition of is different. This is just one example. So we may see many other scenarios in different situations.

Every investment has its own risk. So investing in Bitcoin, I will consider myself a risk taker considering the fact that it is a long-term investment and within that duration, anything can happen. You may lose or gain.

Actually, we are dealing with different levels of risks in every aspect of our lives. I once read a wisdom that says: risking nothing is more like risking everything. I think it's right because our decisions in life decide our destiny. For example, the decision that decides your education specialization should hold a level of risk in case your education becomes useless due to AI technology. When it comes to financial decisions, they hold different levels of risk also, because there are investments used to be a low risk, buy with lower ROI. On the other hand, Bitcoin used to be a high risk and high ROI investment. Thus, our decisions should be based on the level of risk every investment holds, so the invested amount should correspond with it. Personally, I consider myself a risk taker by investing in Bitcoin, but my investment hasn't reached the level that could destroy my life if it fails, so I believe in Bitcoin, but at the same time, put all possibilities on the table.

All do have different risks and are in accordance with their respective portions. Cryptocurrency has a high risk, but let's see, the return is also faster and can be very high depending on market conditions, because the crypto market fluctuates with high volatility. it will not be owned by the stock market, Fiat, bonds or other investments. The most important thing is decentralized, we have full control over the assets we have. there will be no third parties who touch our assets when storing them in personal wallets or non-custodial wallets.

Absolutely, basically the more risk, the more reward you get.

If you acquired Bitcoin in the early days, 2009-2012 or so, it was a huge risk, basically almost no one would put $1,000 into that thing, or even $100. Whereas today, people comfortably make purchases of thousands and even millions of dollars in companies and countries. The downside of course is that because it's less risky, you get less rewards.

You are correct that Bitcoin carries its own set of risk, including volatility of price and lack of regulation in crypto market but at the same time keeping money in fiat currencies is also subject to risk of inflation which reduces its purchase power. Similarly the value of stock can also fluctuate based on market conditions and performance of the company.

Ultimately, all kind of investments are associated with specific risks, however you should take an informed decision based on your financial situation and risk tolerance.

The fact that you put your money and effort into something that is uncertain, that is already considered taking a risk. That’s why gambling has a high risk compared to plain investing because you still manage to put your money even if you know losing is inevitable. Same like bitcoin, knowing it’s a highly volatile and it’s future is very uncertain, once you decide to trust and invest into it, you are starting to take the risk without gaining an assurance if you will succeed in the end or fail and lose your capital.

For me, being a risk taker is entering into Bitcoin, with your wallet, and investing the x amount you have in mind for y years without knowing the value that will be accrued to you in the z years. It only takes a determined mind to take the risk to do that.

Even investing in gold is risky, so let's not overstate that bitcoin is risk-free, a 14-year-old asset unrecognized in many countries. No asset class can offer high returns without risk, in that way, it looks like scam projects. So we need to be realistic and not exaggerate bitcoin, bitcoin is risky but worth accepting the reward we will get.

Investment is really a probability game, there is no sure win or sure lose in the investing world. If you manage your risk very well, there is a high chance that you can go to the TOP. People thinks that they can become rich by just investing, they even do not know on how many portions should they allocate in order to say that his/her decisions are good. For me to not a lot of opportunities, I usually divide my capital in 4 parts so in percentage it will be 25% each. If I have $1,000 and I want to buy bitcoin, I will just allocate $250 because it is the 25% of the $1,000 and this example is one of the risks management that investors should do. They shouldn't just putting 100% of the capital in specific asset because the risks are high and the probability of winning is low. Better to diversify it in order to catch different opportunities that the market is offering.

You can also increase your probability of winning if you know what you are doing, if you are a trader then get some courses that can help you to become a skill trader. If you are a NFT hunter then apply some course regarding it or make a network in order to not miss our the current NFTs. Just be sure that you allocate some of your time on your niche because it can help not only growing your capital but also becoming a better person with good attitude and mindset.

I totally agree that talking about Altcoins which have a higher risk is the most appropriate thought, but altcoins are not so bad if we are able to take advantage of the trend, but don't think for long term investment because it is very dangerous, Bitcoin we know is a very valuable investment asset. the safest among other cryptocurrencies because it has volatility that is not as terrible as Altcoins and mainly has no destruction, but I think it does not release bitcoin from the risky asset sentence because of that volatility earlier, actually not because of the bitcoin but because of our attitude if there is a decrease in the price of bitcoin which might attack investors' mentality because of the decline in the cycle, and maybe that's where it can be said to be quite risky.

To be fair, bitcoin's volatility remains high, so there's nothing wrong with saying bitcoin is high risk. What will happen to your money if bitcoin suddenly drops 20% in one day? That is the risk of bitcoin that we face when using bitcoin as a means of payment.
For me, bitcoin is still a risky asset, the higher the risk, the higher the return. But I agree with what nullama said, the risk level of bitcoin is not as high as it was years ago when it was more widely recognized and used.

Taking a risk means you should be thinking in probabilities. You shouldn't be just talking how much you can make or when you are going to buy your lambo. Don't be a lambo guy. Consider the other side of the coin. What you invest you should be willing to lose without leaving any mental or big fund damage to you. Since we're speaking risk, you should not only have a plan for price analysis but for how much you manage your funds and your risk. When will you take profit, take partials, cut losses, when to engage, when to add position. Only the brave wins, because those who take big risks wins big. The reward is as massive as much as the future of BTC.

Wether you agree to it or not, it is what it is. BTC is the best investment at the time. Once you see the potential, you cannot unsee it.
When we enter bullishness, hope you're of those riding it.

If you already bought an asset, you are considered as a risk taker already because you are taking the risk of a potential loss.

It all comes down to how risky an investment or an asset maybe. Bonds is an asset with the lowest risk. Stocks has more risks than Bonds, but lesser than crypto, and speaking of crypto, it is for me the most riskiest investment currently. As long as you invested into something that can't give you guaranteed returns then I guess it is considered a risky investment. Whether it will be precious metals, or things you got from an auction, or an NFT whatever, as long as it's an asset, you are already taking risk because you don't know if you will get profit or loss from it. I forgot that business is also added because you are risking your capital into building one.

Well, I already bought Bitcoin years ago, so I guess I can consider myself as a risk taker already.

The moment you decide to invest into something is the start for you to be considered as risk taker. All investments have its own risk that varies on different degree. In the point that you just are willing to lose your money, I agree that it is still a risk that you tend to make your mind believe that you do not care but you really are aware of the risks you are taking, thus, you are still considered to be as a risk taker.  I can see gamblers as automatically be considered to be as risk taker since they are taking the risk through playing with your money that does not have any guarantee of any returns. But being risk taker is not that bad at all, if you are willing to take higher risk, you can expect higher returns. Always keep in mind that there is what we call calculated risk so that we could make the results be more favorable to us.

You can transfer Bitcoin to most countries in the world and convert it into the local currency.

That makes it basically very low risk, as you can always revert it to fiat if you need or want to do it for some reason.

Bitcoin is not going anywhere given the current status it has.

It's still a pretty high risk. However, keeping your money in fiat or in stocks is a risk too, it's all just a different kind of risk. And it's different for everyone not only based on salary, but on country, job, etc.