Topic: Can you consider yourself as a risk taker if you buy bitcoin? - page 2. (Read 769 times)

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Even if we are willing to lose and do not expect to receive any reward when investing, it also means that we have accepted the risk as freely as possible. Investing in bitcoin meant we took the risk, but given what bitcoin can give us, I think our risk is well worth it.

There is no such thing as a completely safe investment in this world, it's just more or less risky, and bitcoin is one of the riskiest investments compared to traditional investments. But high risk brings high returns, so if someone is willing to step out of their comfort zone and take the risk, they will succeed faster than others.

We share the same viewpoint on this; risk is present in all investments and businesses, not just Bitcoin.

In my opinion, the risk is when you invest in something where you are unsure of your profit or even your return, which means you could lose it all, and in this regard, there are many businesses that involve high risk, but people take the risk because they believe that the higher the risk, the greater the profit and return, which is true most of the time and sometimes not, which is why it is called risk-taking.

Well, that is, at least, an odd point of view... First, because gamblers are risk takers by nature, and second because when you gamble (and you consider yourself a gambler), you are completely risking money for something in return. So I really don't understand why you don't like the idea of doing so. That is a very contradictory statement!

Not only buying bitcoin, but in business there will definitely be risks that must be faced. Because high risk always goes hand in hand with big results too. So don't be too surprised that a business that has great opportunities must have a high risk too. Likewise with bitcoin, bitcoin is indeed profitable, but behind that profit there is a large capital to buy it. The most important thing in any business is not to speculate, you have to find out first, and learn first, so you can minimize losses.

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This question is simple because the answer is unequivocally YES but the answer has complex and deep meaning so let's get on it. Buying or trading bitcoin is an activity that considered as inherently risky. If you engage in that kind of activity you can consider yourself as a risk taker.  Why it is considered as inherently risky? It is because the outcome of buying bitcoion are probable not guaranteed meaning that we are not sure if we can make money. We are simply taking risk when we buy or trade bitcoin BUT it doesn't mean that we are correspondingly accepting the risk of buying bitcoin and that is the PROBLEM.

Most of the investors or traders are keep telling that they are taking risk because they bought a bitcoin, they did not accepted that buying bitcoin or trading bitcoin has a non guaranteed outcome. They just making hasty decision without making a plan and also accepting the possible consequences of their decision. Most of the investors and treaders are not yet knowledgeable enough because they have absolutely no concept of what it takes to be a risk taker. The best bitcoin investors and the best bitcoin traders have fully understand what it takes to be a risk taker wherein they learned to accept and embraced the risk.

There is a huge pychological gap between assuming that you are a risk taker because you bought bitcoin and fully accepting the risks inherent in each bitcoin that you bought. I created this thread because I see a lot of people who are having negative emotions like regret, hatred, sadness, fear, jelousy and many more emotions just because they lose money after they bought bitcoin. The lesson is the best bitcoin investor and trade doesn't resonate the slightest bit of emotional discomfort because they understand the game and they fully accepted and embrace the risk where they know that buying bitcoin are probable not guaranteed.

Everything in life has risks, especially Bitcoin. Although it is a worthwhile long-term investment to hold through dollar-cost averaging (DCA), it is still subject to market volatility and its movement is unpredictable.

We may not know what will happen next to Bitcoin in the next hour, day, week, month, or year. We just have to be prepared for it as risk-takers. You cannot call yourself a risk-taker if you have not bought Bitcoin, even just a fraction of it.

When you are investing on something then you are already taking the risk no matter what it is.
I like to think that most or all of us are aware of the risk when we are buying or investing in crypto, but sad to say that there are some who doesn't really know or doesn't acknowledge the risk on investing in it.
Not everyone could control their emotion when it comes to trading or investment.

Taking risks involves uncertainty about the future. We cannot predict with certainty whether we will gain or lose money. While we don't always need to delve into the specifics, it's important to understand that taking risks means putting our funds at stake. It's akin to playing a game, where some individuals come out on top, while others suffer losses. As I cannot accurately forecast the direction of prices, I consider myself a risk-taker.

Because actually, buying bitcoin is less risky than other investing in other things. We all know that bitcoin may be down at this moment but sooner or later it will bounce back, it happens every year and other altcoins will have a movement depending on how bitcoin will react. Buying gold, land or other things in traditional ways are normal and it is quite good as well, but I still prefer to buy bitcoin than these things.

The lesson is the best bitcoin investor and trade doesn't resonate the slightest bit of emotional discomfort because they understand the game and they fully accepted and embrace the risk where they know that buying bitcoin are probable not guaranteed.

Not at all. I don't think that I'm taking any risk by holding bitcoin.

In my case the answer is straightforward because I got a lot of BTC in 2015 and 2016 so bitcoin would have to be sub 1k for the investment to be unprofitable. I don't think that it's ever going to happen, so the risk does not exist anymore. If I bought it this year, I'd still be rather confident. There's no way bitcoin is going to be worth less than 2k USD after the halving, while your fiat money is going to be worth between 5 and 20% less next year, depending on your inflation rate. Probably 50% less if you live in Turkey and id you're in Venezuela, you can wipe your ass with it.

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