Topic: Can you consider yourself as a risk taker if you buy bitcoin? - page 6. (Read 769 times)

I wouldn't call such a person a risk taker but a smart investor. A risk taker is someone that invest in all this shitty coins such as meme coins and the likes that have no use-cases but anyone who invest in bitcoin is wise. Bitcoin has proven itself over the years, I think the most important thing is for one to have a good knowledge of the market to know the appropriate time to buy BTC and hold for the bull ride.

Additionally, These actions usually calls for immediately selling off their bitcoin.
We may consider this types of people as the market feeder who just hastily jumped into market without a proper documentation and research to know if is from their inner mind to venture into bitcoin investment. Most times it could be for the trend of the latest happening around their region when everyone talks about bitcoin or any digital currencies without them considering the fact it may go against their plans. In essence they are involving in a trial by error method of investment maybe if they finds it favorable by making profits then are on the go go side. 

Taking a step into investment is already taking a risk.  So people who bought Bitcoin for investment can be called risk taker. Smart people are able to control the risk through risk management system.  It enables to trim down the risk involved while getting into investment. 

Aside from that once we buy Bitcoin we are exposed to different kinds of risk[1] like

• Market risk
• Inflation risk
• Currency risk
• Liquidity risk

these are the risks involved if we invest in Bitcoin so yeah buying Bitcoin can make us labeled as a risk taker.

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[1] https://jamapunji.pk/knowledge-center/types-risks

risk is subjective because its not a yes or no
everything has risks. its just how much

EG if you bought bitcoin at the 2017 $20k and you NEEDED break even/profit by mid 2018 then yea mega risk buying that ATH.
but if you dont need to cash out for a halving cycle then the risk is far less

basically if you buy low sell high the risk is low
if you buy high sell higher the risk is higher. but it all depends on patience in the end

so for me (hoarding since 2012 and have no desire to cash out any time soon) i dont feel im at risk at all. even though there is a small chance(risk) that devs completely break bitcoin one day

Anything investment is all about risk so you must be prepared to take the risk no matter how hard it may be. Thw mistake some persons do make when taking risk is that they don't do enough research before going for an investment and at the end of the day, they end up losing big time. We need to do the necessary documentation and all it requires before we intend investing in a project.

When you take a look at cryptocurrency, so me people had lost their had earned money because they invested in what they know nothing about. Cryptocurrency is volatile for non stable projects and we need to keep this in mind when making investment.

I consider myself a risk taker as I'm constantly involved in bitcoin trading. But to add some spice to it, I actually earn from taking risks. Fortunately, many of my trades are winning ones.

I don't know about those traders who don't have proper plans, but I do make proper plans and wait for the moment by following my own strategy. I only place a buy order when I'm sure that the outcome is going to be positive. I agree with you that bitcoin trading is a risky endeavor, but when done with proper planning and strategies, then risks are reduced.

Bitcoin trading involves control over your emotions. If you can control your emotions such as fear, greed, and excitement, then you will achieve success in bitcoin trading. Your psychological well being is also very important. If you're not mentally strong, then you will definitely lose all your money.  

Investing and gambling are both risky. As you've explained, if there's no assurance that you'll be making money with the use of your money, then there's a risk.

And as someone who's holding bitcoin that sees volatility on it and have no issues on it, then you've taken the risk thus, you're a risk taker.

Even if you're not doing anything and you're just holding it, you're an investor that bears risk and much better if you're that type of investor that understands it. Not those type that are investing yet they don't know what they're doing.

With everything that involves investment involves some form of risk as well. The mere act of investing on bitcoin and waiting for profits passively is already a risk that you took. It all just vastly differs on how much risk you guys play around with. Some go apeshit and puts all their cards on the table hoping for the best. The middle ground who knows how much his capacity for risk is and is doing his best not to go over or under that risk level, and then there's the chickens who puts little to no part of their investment at risk at all. Basically staking stablecoins lmao. In any case, whatever risk you're taking or how high, you are honorable enough to even take that step and invest in bitcoin, because honestly speaking, at the current phase of the internet, it's a miracle if someone who doesn't know shit about bitcoin turns out to have a positive opinion about it.

A s you mentioned, the answer will be yes, but not for all. Every person has their own mentality level of understanding the market and dealing with it. Like, from the start of my journey in trading, I have kept one simple rule in my mind, "Invest/put only that money which I will not regret on loss" I teach the importance of this rule to every single person who asks me about trading. Because, trading has become a field of interest for those who have wasted their time in irrelevant activities w.r.t their fields of study and after realizing this fact they tend to learn a few tricks and tips to understand market sentiments over a month by taking courses, and in the end, they are full of optimistic and positive ideas which have been inserted by there teachers.

But when these learners step into the field and start to understand the unpredictable nature of the BTC market, they realize there is a "loss" too, which we were avoiding discussing. Overall, the one who keeps all the facts of failure and prepares accordingly to deal with it is the real risk taker. And I am one of them. Even recently I taught this rule to my brother and his friend who ere interested in crypto trading so I taught them they there is profit in in but there is loss to and you have to be prepare for it I one simple rule that I follow is (OSWYCBL) Only Spend What You Can Bear to Lose

Oh man, you just had the best piece of comment here; made my day. Legendary comment from a Legendary Bitcoiner. The way Bitcoin is dominating the investment market, one would feel risky if they don't have Bitcoin in their portfolio & I'm sure we gonna see most of the giants will embrace Bitcoin and make sure they have Bitcoin in their portfolio.

Can you read the sentence once again you Edcrypto! You may haven't noticed what he just said. Read again & again.

Yes buying Bitcoin is already a risk since the value may drop although slightly except for halving periods when it drops greatly.
But the truth is that it is a risk Worth taking . buying Bitcoin is one of the easiest investment you can make
So I advise you to carry on your investment you definitely will not regret it

There are different trading industries where you invest like forex, equity, commodity and more. The main difference between crypto and rest of trading maket is that crypto is very much new and unregulated. So the risk in crypto investment is more then in mature and somewhat regulated investment options like stock maket. But the risk in crypto has its own benefits also, few weeks before bitcoin was trading at 16k and today its at 28k. Those who took risk when bitcoin was 16k are now getting good profit.

i would be a risk taker if i didnt have bitcoin.

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.

Bitcoin investment is indeed risky due to its high volatility but many people choose to invest on altcoins which is more riskier than investing in Bitcoin. But if you have zero knowledge of what you are investing you might wanna lose it then even if the investment is good and have some potential. Although, if we talk about risk it has some specific level base on your knowledge and experience about investment.

Most people are willing to risk even if they have zero knowledge about of what they are investing but as long as they know they could make profit they still continue to invest without knowing how small their chances of making profit down to losing everything.

Investment into Bitcoin is indeed risky just like every other investment or Business out there, since there are still a lot of uncertainties within the crypto space and as there's no regulatory clarity yet from the government side, whether they're gonna adopt or come out one day and place a total ban on Bitcoin. However, as Bitcoin is still a risk asset there's also a huge rewards or profit that is also attached to it too along side, as Profit is always in the risk side.

Let’s assume I’m trading bitcoin everyday and trying to grab as much profit as I could in then that would be my trading risk. If I’m going buy bitcoin at different prices and store them in my cold storage then that’s gonna be my holding risk. If I’m going to invest in bitcoin under third party programs like swapping liquidity etc then that would be risk associated with it.
In short whenever someone is buying bitcoin for any purpose mentioned above they are taking a risk for sure. The risk is when they lost the coins value OR their real investment value. If they are increasing the profits over the time then they become risk free and win the trade. So from my side yes we are risk takers.

Risk perception is an integral part of investing or trading. In some cases, taking risks can lead to higher returns. However, it is important to have a plan and risk assessment before deciding to invest or trade. Risk taking should be based on a careful assessment of your profit potential, possible risks, and risk tolerance. If you take too much risk without a plan to deal with it, or if you don't have the risk tolerance, this can lead to failure and huge losses. A sensible way to take on risk is to spread your investment across multiple sectors, diversifying your investments to minimize your risk. At the same time, you should monitor and evaluate the risks throughout the business or investment process so that sound decisions can be made. In business, you can also apply the principle of risk taking to look for new and expanded opportunities, but also need to assess the dangers that exist in the process. Valuation and risk management are an integral part of risk taking for maximum return in business or investment.

While it'll mostly be yes, an asset investment being "risky" is totally subjective.

Bitcoin for people in the US(and other economically healthy countries) in the past years could arguably be called "risky" — but on the other hand, you could arguably say that it's far "safer" for people in countries where their local currencies got wrecked big time(e.g. Venezuela).

Many of those who bought BTC are aware of the risk. They are already eyeing BTC long before they took a dive and decide to buy one. The newbies often ask questions before investing but eventually, they bought which means they have checked BTC through the lens hoping to make money when prices spike.

The traders are likely the risk taker that has an adrenaline rush addiction since they watch the chart and tries to make money using the BTC capital they have. I am a risk taker I'm sure of that. Holding coins for years without touching them means I took the risk.