Topic: Can you consider yourself as a risk taker if you buy bitcoin? - page 3. (Read 769 times)

Basically, yes. Everything that is called investments is considered as risky by any means, so those who do that especially investing in bitcoin as its high volatility are called risk taker.
But technically speaking it depends on the amount of someone invest, tolerance and your objectives and it its subjective knowing there are degree for risks.

me? i don't really think i'll consider my self as risk taker at all, since there are different kinds of risk. as for me, i'll consider my self as a gambler since it's like i'm only playing around with money without expecting great in return while i am learning the processs at the same time. the reason why i won't consider my self as a risk taker is that, i didn't like the idea of risking without getting something in return, but with playing around i expect that i will lose that money immediately, this is mostly why i'll only play the amount that i can afford to lose or some spare money that i don't really need. the idea of converting valuable things to fiat and gamble the money is not really for me.

me? i don't really think i'll consider my self as risk taker at all, since there are different kinds of risk. as for me, i'll consider my self as a gambler since it's like i'm only playing around with money without expecting great in return while i am learning the processs at the same time. the reason why i won't consider my self as a risk taker is that, i didn't like the idea of risking without getting something in return, but with playing around i expect that i will lose that money immediately, this is mostly why i'll only play the amount that i can afford to lose or some spare money that i don't really need. the idea of converting valuable things to fiat and gamble the money is not really for me.

It will not be enough just to hear somewhere that bitcoin is constantly growing in price. To benefit from investing in bitcoin, you need to understand the asset, when to buy it, then do not sell if the price starts to fall after the purchase, in addition, this fall can be very significant 30% or even more.

To do this, you should study bitcoin well, since only conscious investments can bring profit, because there will be a lot of psychological pressure, especially on inexperienced investors. The market works in such a way that profits will be received by those who are able to assess all possible risks, those who understand what they are doing and believe in the asset in which they invest, without this it will not be possible to get a good result.

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.

It is true there are many people who buy Bitcoin only because they hear a lot about its potential price increase,  from their friends and on social media, however even such investors are likely to make good profit if they buy in bear market and continue accumulating it on every major dip and wait for the return of bull cycle when their investment decision will reward them with huge benefits.

And one thing i have come to noticed is that " Most people buying bitcoin and other crypto currency, just want to see an increase in price in months/years to come".

These set of people don't even make proper research before buying, they don't get current info after buying, all they want to see is the accumulation in price of their Coin been bought.

Still there is a risk even if it is minimal.  Aside from that, other people who are literate in economic and financial industry often makes plan for risk management where they can eliminate to minimize risk by doing some preventive measures and securing their target investment.

I would agree with this. Bitcoin is highly volatile so everything with it is uncertain. And those who still manage to take the risk are definitely called the risk takers, including myself. However, if you invest with bitcoin will a minimal amount, you are somehow reducing its risk, especially if you come to invest with equipped knowledge and skills, that is risk management.

Basically, yes. Everything that is called investments is considered as risky by any means, so those who do that especially investing in bitcoin as its high volatility are called risk taker.
But technically speaking it depends on the amount of someone invest, tolerance and your objectives and it its subjective knowing there are degree for risks.

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.

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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.