Topic: Can you consider yourself as a risk taker if you buy bitcoin? - page 7. (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.

Basically, what's called investing or doing business or anything that has a profit orientation must have a risk or have a bad impact if it fails to run it as well as in bitcoin, of course for a bitcoin trader who is mainly a day trader will have a higher risk than a long term investor.

The emotion arises because of disappointment with the money received, when you want to really profit in investing in bitcoin, you have to hold on to the bitcoin for the long term, don't use money that you still need in the near term and only use money that you are ready to lose, big losses will occur if you go against the bottom because there will be a panic that will make you sell your bitcoins at a cheap price.
4-10 Years is enough time for you to reap decent profits from bitcoin, and I believe that bitcoin always repeats cycles, and I think if I hold onto it long term none of those losses and none of those disappointments.

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.