Coping with Risk. - page 8. | Bitcointalksearch.org

Adams0001

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Quote from: bitLeap on January 31, 2024, 08:20:10 AM

Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Take risks, build a strong mentality put aside the pessimistic mentality because every step in running a business always has its own risks. If you are always looking for lower risk then there is no suitable option to continue improving your career and growing your assets. In the business world, every risk is not a problem but our technique in responding to and minimizing it is the most important thing. Whether online or offline business, if you don't have the spirit of a fighter in your field you will be left behind. While you are still considering this and that risk, other people are already one step ahead and start with all the risks in front of them. Sometimes we need to gamble with every business decision.

You cannot do business that is not risky, expect is not a business that can generate money any business you choose to engage on, you need to get knowledge about it before you begin so that your risk will minimized. In my opinion, I prefer online business because he generates profit fast when you understand everything about it. In physical business, you need to have the actual money before you can start the business and he can lead to lose as long as there is risk involved. but in online business you can even start with a small money and he can lead you to a huge profit, just like crypto, that you can invest any amount you have and he will give you income when you leave it for long term.

Physical business has benefits, and online business also has benefits. It is up to you to choose which one will work best for you, because everyone has different knowledge. If someone tries physical business, he will most likely fail, but if he starts an online business or invests, he will benefit and profit. It is just a matter of understanding and choosing the one that you think will be better for you, but both of them are risk.

Bitco55

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

The more the risk, the more the return. Running away from risks won't make you richer or more prosperous... Running towards it, however, would increase the likelihood to.

Both are really great opportunities you should take advantage of. The risks that comes with physical business however aren't as much as that of online investments. Even if I'm a business personnel, I've always hated the idea and phenomenon of marketing, so online has always had my attention. It also has more risks though, but if I'm to answer your question... Then straight up, it's going to be online investments

Arenga pinnata

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Real-world business is also more challenging these days. The competition is tougher. The declining purchasing power of people has even made many stores go bankrupt in my country. So the risk of doing business in the real world is now as risky as in the virtual world.

Except in investment. Real estate investment is still much safer than digital investment. But the slow returns also make it difficult to grow. And the need for large capital is also a major obstacle. But in digital investments such as in bitcoin we can start with whatever capital we have as long as it is enough to buy the minimum limit of bitcoin on the exchange. So with my current condition maybe I choose online investment.

Mahanton

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.[/b]

A. You wont really be talking about those fire outbreak, less sales and other correlated stuffs. Consider out on lacking demand and have those possibilities of bankrupt but well these things are just part of the risks,
if you cant bare it then dont do it but if you do want to gamble out then you should really be needing to lesser up those risks and go ahead and face those things.

B. This isnt talking about hacking and everything. One of the most common problem you would be having is on the volatility of the coins that you are keeping. Lets say even if you do keep
Bitcoin into your main wallet. You would really be able to bare up to see that it would really be in negative?

Both things could really have that risks, this is why once you do step your foot into this space then you should really be that wary
on that the things you are dealing with and minimize those risks as much as possible.

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Starting a business is often something difficult and scary because of the circumstances and obstacles faced as mentioned in the topic, the risks faced by each individual in building their business vary and come suddenly. You need extra motivation and encouragement from yourself and others to prevent worries from arising. Brilliant ideas for business can come at any time after going through risks that take a lot of time, energy and capital.

Despite all the risks that have been mentioned, most successful people who have billionaire status come from physical businesses. Those who have succeeded in becoming successful entrepreneurs with assets worth billions of dollars have managed to overcome all risks with strong determination and hard work.

All online investment risks can still be overcome by avoiding all forms of attacks that could threaten asset safety. The risk that is very difficult to predict is price fluctuations, while other risks can be avoided such as storing Bitcoin in a hardware wallet and storing private keys in a safe place.

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

I believe these two kind of business approaches have their standard risk and specific risk for each environment. We know whether it is an online or land-based business, there is always this risk of bankruptcy which is dependent on how the owner runs his business, the talent and skills to solve problems, and getting ahead of the competition.. Online business is not all about cyber security, it also faces challenges that land-based businesses face. Even if the online business is not hacked if the owner doesn't know how to make his business successful, his business will crumble over time. So I believe these two kind of business have an equal weight of risk.

It is best if one can learn how to adapt since adaptability is one key feature of being successful in business.

bitLeap

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Take risks, build a strong mentality put aside the pessimistic mentality because every step in running a business always has its own risks. If you are always looking for lower risk then there is no suitable option to continue improving your career and growing your assets. In the business world, every risk is not a problem but our technique in responding to and minimizing it is the most important thing. Whether online or offline business, if you don't have the spirit of a fighter in your field you will be left behind. While you are still considering this and that risk, other people are already one step ahead and start with all the risks in front of them. Sometimes we need to gamble with every business decision.

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Quote from: Fakhrulenclix on January 31, 2024, 02:42:58 AM

There is no business or investment that does not have risks, so we must understand this and all the risks we face will be proportional to the possible profits we will get.
If we have to choose between running a physical business or running an online investment, I think both are the same and it all depends on each of us in terms of being able to do it, because the risks we face will be proportional to the percentage of profit and also the knowledge we have in business or the investments we make.

To overcome the problem of risk in business, of course there are different ways, and it all depends on the business we are running. If the profits we achieve are so big then the risks we face are also big, as you said, physical and online businesses all have risks and we We have to exercise our own abilities. The most important thing is never to force our abilities in business. If you can't do it then do it according to your abilities. In business, the important thing is that we should never be afraid to try because there are definitely risks.

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

If everyone in this world is starting to become aware of following developments in modern times, of course choosing both is the more appropriate thing in my opinion. Because most offline business people are also starting to open marketplace accounts to place the goods they have in them so they can earn income from different directions.

So if most people really understand online investments like Bitcoin and also understand how to run their business offline, what do you call a physical business. Of course it would be very good if they were able to run both with different levels of risk because as long as they know what the risks are and are not too afraid of it, I think they will achieve extraordinary success because they can run a business while investing without any interference from anything.

slapper

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Every venture has risks. Managing risk well is more important than avoiding it. Local businesses? We've had them since civilization began. Risks like fire, theft, or market downturns? The game includes them. Smart operators know. They hedge, insure, diversify. It is the first course in business risk management

Bitcoin and others are newer, but risk management remains the same. Hacking, forgotten seed words, and irreversible transactions are separate hazards, but they are manageable. Yes, they require distinct skills. Understand your investments' tech, keep precise records, and use cybersecurity as your best friend

Which is riskier? It doesn't matter. Risk management must be adjusted to each domain. Mastering danger is the actual skill. Your retail or digital asset trading performance depends on your ability to foresee, reduce, and manage risks. The wise person behind the business or investment matters more than the business itself

Ahli38

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

The highest risk of bitcoin and other digital assets in my opinion is if all internet connections in the world stop functioning. And another risk is due to high price volatility.

Meanwhile regarding loss of Seed Phrase, Wrong sending, hacking and theft. For me, these are common risks that even exist in other investment assets. Although in a different form. And regarding which one would I prefer, between physical and online or digital investments, I don't think I can choose one or the other. Because for me both are equally important. That's why there is such a thing as investment diversification. Because we can reduce risk with investment diversification. So the right choice from my point of view is still to choose both. Because choosing one of them will only make the risk greater.

Fakhrulenclix

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There is no business or investment that does not have risks, so we must understand this and all the risks we face will be proportional to the possible profits we will get.
If we have to choose between running a physical business or running an online investment, I think both are the same and it all depends on each of us in terms of being able to do it, because the risks we face will be proportional to the percentage of profit and also the knowledge we have in business or the investments we make.

Alpha Marine

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I don't think we can pick one to be more risky than the other. Every answer will be subjective so there will be no definite answer.
One person may choose offline for his reasons and another choose online for his reasons.
So to me, I believe it's just based on preferences.

If you're contemplating whether to start an online or offline business, the risk shouldn't be what you should be looking at first. There are things like the type of business, the capital, clientele, and more. Also, many businesses you do offline might require a deep online presence to succeed and that means having offline risks and online risks.
It's difficult to truly measure which business has more risk. Aside from the fire, theft, and all other risks, there's also the risk of being defrauded.

What is advice is, if you have a business that can be insured, please get insurance. Insurance is amongst other ways, a way to manage risks.

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the reason im more comfortable with online investment is because the money required to start is significantly smaller meaning there's not really that muchg of a risk of loosing all asset if we do careful investing in the first place, not investing too much at all, meanwhile with running physical business you will need something big to start out, if you want to run in the category of food and beverage, you need to invent recipe of your own, rent a place, also all the furniture and so on, although its overall too much of a starting burden for some people that don't really have that much capital.
I mean to be fair there are indeed many other physical business that doesn't require as much capital to start out but sometime it also require so much commitment and time for us to pour in and that doesn't even prove that the product we trying to present gonna have market, thats why many businessman and entrepreneur always building their MVP with minimum resources even then it still takes a lot.
with investment however like spot investment, if it went down i could just wait it out and i already mitigated loss.

hatshepsut93

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Not a good question, because risks heavily vary even among those activities. Some businesses are riskier than others, some "online investments" are riskier than others.

The fundamental difference between these money making methods is that if you invest in your own business, you have a large share of control over the outcome, while with investing in something you have on control at all, but also no responsibility too. But choosing the right investment is a skill in itself, so it's not like investing is fool-proof.

IMO people who have no clue about business or investing should just stick to low-risk investments like savings accounts and with some time and learning dip their fingers into other more demanding activities.

DVlog

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Diversification is the key to minimizing the risk because it distributes the risk to various places and businesses. All the risk you have mentioned have their counterpart to eliminate those risks. Fire outbreak problems can be solved by adding fire safety measures, stealing can be eliminated by adding more security, bad markets can be solved by adding a money management strategy, and online hacking can also be solved. They won't give 100% protection but the risk of being in one of those will reduced a lot.

edy_58

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Quote from: MegameSama on January 30, 2024, 02:31:34 PM

Actually, it's the same, online or offline, physical and non-physical, crypto, shares, property, real business, everything has the same risk. We as owners simply minimize the possibility of that happening. In real business, dealing with fires, work accidents and other things can be minimized by having an HSE section. For online businesses, the risk of hacking, data theft, scams, etc. can be minimized by educating yourself about cyber data security. It is impossible to do business without risk, the bigger the capital, the higher the risk, the bigger the return. Basically, if you ask which is more risky, both are risky depending on how much capital and the size of the business.

In investing, there are risks that we will face and the level of risk that we will face really depends on the amount of capital we spend to invest, but before we decide to invest, of course we have to understand well the risks that we will face so that when the investment is underway and suddenly facing a challenge, we must be able to face it so that the business or investment we are running still runs well.

What you say is correct, it is impossible to do business or invest without risks and behind these risks there will be profits that we can get from these two things, so it is very important that we understand the risks so that we can face them if problems arise from investing or doing business.

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Both are risky, and no matter what level of risk they have, they still have risk, so I think I will treat these two kinds of businesses as the same. So in my opinion, what business will be more risky and which business you should choose will still depend on the business owner or the person who will do the business. Not all people have the knowledge to do business online, as it is complex, and not all people also have the knowledge or skill to do business physically, so it depends on the knowledge or skill the person has. That would be his business type, and of course, choosing what you are good at is what you must do in order to make your business grow. Choosing where you are good at and what platform or place you know where your business will boom is part of handling the business, so no matter what risk a physical business or an online business has, if the person who will build a business is good at one of these, then no matter how risky it is, that person will choose that platform.

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Quote from: Hewlet on January 30, 2024, 07:08:42 AM

so my question is, which is more risky?

You have already outlined most of the essential risks possibilities but I can come in addition to it that Bitcoin or other related online investments are more better of in security terms in the sense that it is not negatively or disastrously affected by crisis (war) while physical investments are whole full at stake to crisis (war) risks to damage crashes.

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understanding risk requires thinking in terms of mitigated versus unmitigated risk. Both business seem to have risk associated, but the key here is to what degree can you take those risks so that it becomes bearable for you. You may insure the physical business or have a better security around your digital one. Think not on the risk as it is, but how can you make it ok.

Topic: Coping with Risk. - page 8. (Read 1247 times)