Topic: Can you consider yourself as a risk taker if you buy bitcoin? - page 5. (Read 757 times)

Anything that you try for the first time because you want to see some results is consider a "risk", so yes, you're a risk taker.

But there are two kinds of risk taker, one is someone who knows what he's into, like he researched first everything before doing a certain thing, and the second one is someone who is impulsively jumping into something he doesn't know about, I mean he knows it but just because of seeing his friends getting profits from it so he instantly do the same thing without knowing the process.

There is always a certain degree of risk associated with any kind of investment and  Bitcoin in not exception. However keeping in view its limited supply and historical track record of outsmarting all kind other class of assets investment in Bitcoin is comparatively less risky in my opinion but you should remain patient and hold your nerves when it gets extremely volatile and you might see value of your investment losing its value to the extent of 80% or more. Those who hold it for long term are likely to harvest huge benefits on their wise investment decision.

I think you are still considered a risk taker if you buy bitcoin but considerably less so than even a few years ago. The market has matured a lot since even 2017/18. There are lots of battle hardened HODLERS who don’t sell when dumb FUD breaks, even if it is government or regulatory in nature.

Bitcoin is still a risk on asset but as time goes on it may be that you are more of a risk taker to not hold a % of bitcoin in your diversified portfolio.

Do you think volatility and the possibility Bitcoin will be banned in your country aren't risks? even though Bitcoin is decentralized, private, secure etc and that's make you think Bitcoin is really safe, you need to make sure you will not get heart attack if Bitcoin price suddenly drop 80% from it's ATH and you already prepare how to cashout your Bitcoin when your country declare Bitcoin is illegal.

I agree with a lot of the messages that have been written in this topic.
Any form of investment involves risk. Risk/reward projections when investing in a project are vital.

I think BTC is risky, but the risk inherent in holding Bitcoin is proportional to the chance that you can get in early enough.
I believe it is likely that in 20 or 30 years buying and holding Bitcoin will become less risky than it is today. However, if this is the case, you can bet that the value of BTC will be higher.
After all, this is just my point of view, we all agree that no one can predict the future of BTC or its future value...

From a personal point of view, I prefer to risk my money by buying BTC, than to go and try my luck too often at the casino. I have much more faith in BTC's ability to be profitable on a long term basis. So I consider myself a moderate risk taker

I don’t see any risks buying the Bitcoins. I have done pretty good research and hence spending my hard earned money on this digital asset Bitcoins. I know Bitcoins are limited, hence when the demand of the coin will increase, the price of the coin will go up to meet the demands. This usually happens when the supply is low and limited. So if you know the basics of economics and good at calculations and estimations, then definitely buying Bitcoins in your wallet won’t be a risky task. I would like to hear other people’s opinions on this.

All are risky, there is no such thing as absolute safety here. But it sucks to compare the risks between bitcoin investing and gambling. They are completely different, I have not seen anyone get rich by gambling, but there have been many people who got rich by investing in bitcoin. So let's not compare like that. Investing in bitcoin is investing in technology, investing in the future, it can fail but it's worth the risk.

I think Yes, because buying or trading Bitcoins is a risky activity and regarding your point maybe I can explain as far as I understand where buying or trading Bitcoins is a risky activity. However, just buying Bitcoin does not automatically make you a risk taker. To be a successful risk taker in this market, you must fully accept and embrace the risks that come with investing in Bitcoin. The best Bitcoin investors and traders are those who understand the risks and are not upset if they lose money. Meaning they are prepared and it is no longer a PROBLEM

Gambling risk Is worse than Bitcoin investment; even some other investments are more risky than Bitcoin investment. Let me give you some instance.

Imagine you placed a bet of $500 on a slot machine. You will believe in the probability of either losing or winning, and if the game goes against you, your fund is totally gone. Then imagine you invested the $500 into Bitcoin, and coincidentally, there is a bad news about Bitcoin that makes the market begin to fall drastically. Then imagine you looked at your Bitcoin investment and realized you were already losing $150. You still have the decision of whether to sell and accept your loss or to allow your asset to get totally liquidated.

Let's also imagine you invested in real estate, and maybe on the long run, the company began to have problems that led to a court case, and gradually, it caused the company to get ceased by the government, which caused them to lose a lot of money in the court case and also pay some fine as deemed by the government. If this company fall bankruptcy, did you think your investment is safe at that moment? No, it's not. That's because you are not in charge of your funds.

And @SOKO-DEKE, for the record, I cannot buy any random cryptocurrency or altcoin and call it an investment; even the risk of investing in most of the altcoins is worse than gambling.

Secondly, you can't only have Bitcoin investments and consider yourself a low-risk taker. Why? Because, what if the price of Bitcoin is in the red when you plan to sell your asset? While some people are taking advantage of the market volatility through crypto trading, if a person is not also a trader, the best thing to do is have other investments, have other sources of income, and still have your bitcoin stored in your wallet with the aim to sell when you have made enough profit from bull market .

Well, to crown it all, every investment has its own risk.

Do you mean bitcoin is risk-free? If bitcoin is risk free, then we should invest all in bitcoin and maybe consider selling all assets to invest in bitcoin. Don't forget we have a saying, invest only what you can lose. Every investment is risky, and bitcoin is the riskiest investment compared to gold or real estate.

The short answer is basically yes based on your topic. To succeed in any business, one must be willing to take a risk.
In my opinion, anything that you must buy and sell requires you to take a risk insofar as its business requires it. As a result, investors who purchase bitcoin but do not believe that the business entails risk still need to learn more about how to invest in and trade bitcoin. Also, they are more vulnerable than those who are familiar with bitcoin.
In terms of emotions, if I invest in bitcoin, I'll undoubtedly be thinking differently depending on whether it succeeds or fails.

You have reduced the risk with proper risk control, that is why you do not feel at risk like other people who have been investing from the same period you started.

There is risk and risk control, undergoing a risky action without knowing about risk control makes it more riskier. People have invested in bitcoins and although there are risk with investment, they have not taken any action to control the risk they will face to make it less riskier, they are just carrying on the risk as they pile up, making their situation more riskier than others that have proper risk control.

Consider the risk at hand and put under control the risk that you can control like the security risk associated with bitcoin investment etc. It will reduce the pressure on you carrying the other risk that you cannot control like the risk of Devs breaking bitcoin etc.

Every aspect of life comes with risks. Investing is no exception. Including buying bitcoin is also risky.

Do I consider myself a risk taker? Yes and no. I am not ready for rash, pointless risks, but from an investment position I am forced to take on additional risks.

Emotions get in the way of investing. Doubly interfere with investing in bitcoin, as it is subject to strong price fluctuations. So that negative emotions don't overwhelm, you need to give yourself a countdown to what you are getting into and understand the rules of the game. Then everything becomes easier. Don't confuse your expectations with reality. Only a real assessment of what is happening and future scenarios allows you to remain calm even with high volatility bitcoin and occasional bearish trends.

In short, every bitcoin investor should have a strategy of behavior for the ongoing changes in the market, which must be followed, even in spite of the emotions that arise.

Life itself is all about risking it, I personally think if anyone wants to be successful he/she must ingage himself in a particular risk factor that would make him different from every other person living along the edge. An investment in bitcoin, no doubt is considered a risk same as you starting a business also same same thing working as a business because no actually knows the end outcome of what is beyond after you have started. For I would rather have a bitcoin investment knowing its risking than involving in something else since
 

Nobody can guarantee what will actually happen to their Bitcoin investment, thus anyone who invests in it is taking a risk. We are only utilizing probability to determine if the investment will increase or not.Even gamblers employ probability to increase the likelihood that they will win, even if they have no control over the outcome of their bets.both gamblers and Bitcoin investors always think favorably.

The only thing that make crypto-currencies investor better that gamblers is that someone coins can just lose values but you will still have that quantity of your coins despite it may worth nothing at that time, and probability of those coins to value in future is still there but not just guarantee. For gamble when you lose on your stake you are losing everything you stake it.

Even if we cannot guarantee the return on our cryptocurrency investments, some coins, particularly Bitcoin, have good potential because history has a habit of repeating itself. When compared to individuals who gamble and hold currencies or tokens with no history, everyone who bought in bitcoin did not take on a risk as great.

How could it be the other way around? those who don't buy Bitcoin are people who actually take risks, because those people are at risk of not benefiting from buying Bitcoin and keeping it for a certain period of time, this is just my thought, because people who are not involved in investing are people who are at risk for face economic difficulties in a longer period or even as long as she/he lives, because the purpose of buying Bitcoin is as an investment and by investing we hope we can make our economy better because we will get profit from Bitcoin.
However, if the risk that we think about is the risk of falling prices, it is true that those who buy Bitcoin are risk takers because they are brave even though there is a possibility that the price will fall, but all such investments are included when investing in gold, houses and other types of traditional investments.

Since you already have the answer as YES, it's not informative, or no need for further discussion because it's just, like you said, a yes. It will get more complicated if you check or understand it more profoundly.

It can be simplified like this.

Bitcoin = Volatile asset (The unpredictability of the market)
Buying a volatile asset = risk-taking (Uncertainty of the asset)

Risk taker = Buying Bitcoin

That should be it, TBH.

For me the risks is everywhere, you bought bitcoin then you are taking the risks, if you didn't buy a bitcoin then it also taking a risk because you may lose the chance to make more money if you put some investment on it. It is one of the reason why it is hard to make a first step, people are simply afraid to take a risk without knowing that they are already taking a risk by not making investment that can lead them to miserable life. Don't be afraid to take a risks, be afraid to stay in the position where your life can be called as tragic.

The idea of buying low and selling high is like a simple and basic idea that is easy to understand but when it comes to execution, it is really hard because there are a lot of market factors like people who see the price of the bitcoin as cheap, people who see the price of the bitcoin as expensive and the people who are still deciding if they will buy now or wait more. The thing is, there is uncertainty in this kind of market; it is depend on us on how we will see the price of the bitcoin as cheap or expensive.


Seems like a whale to me.

Bitcoin investment could be considered a risk, but it's not as risky as gambling; the risk in Bitcoin investment is not investing and holding until you make a profit.

In gambling, nothing is guaranteed because the risk is so high. Once you have staked a game and perhaps lost, your money is gone for real, but as long as you invest in Bitcoin and the coin remains in your wallet, then you will make profit when the bull market begins to creep in. What is not guaranteed in Bitcoin investment is the speculated time you choose to sell and take profit because by then, the market may not be too favorable for you to sell and make profit; at times, you may even be in the loss.

Every investment have got risk associated with it. This is not the factor that is connected with bitcoin and other cryptocurrencies investment. When it comes to bitcoin and cryptocurrency investment the risk used to be little higher than the traditional investments. This is all because of the high volatility. Over time people will understand well about the volatility and enjoy it than fearing about it. To invest into bitcoin doesn't make one a risk taker, but a person who invest into bitcoin to enjoy profit in limited time period is a risk taker. When we invest with the plan to hold for long term we're assured with profit, but when the time period is limited we don't know what will be the scenario of the market. It might be at the peak or it drops down causing loss.