Does engaging with bitcoins put you at risk?

AicecreaME

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Quote from: clickerz on October 04, 2019, 09:08:13 PM

Quote from: HarmonyA on October 04, 2019, 06:29:34 PM

Risk exists in every venture, it is your responsibility to work on it. Risk should be traded with caution and dont ignore the fact that your reputation is also at stake. Bitcoin is the most popular cryptocurrency and engaging with it put us at risk, though the benefits sometimes is worthwhile

Bear with it, there is always risk and I do agree. But, look also on the other side, the opportunity it brings and convenience to use it online.I tgives me control of my transaction, it gives me opportunity to trade on exchanges. I am very grateful to bitcoin and cryptocurrencies, because of these I learn to trade.

The risk involved I think is manageable and avoidable as long as you are always on the lookout to prevent those losses.

Life without risks are nothing, it is like you are dead already, because you are not growing, you are dying if will not take the risks. It goes the same in engaging the cryptocurrency world, you will not know your true potential or the capacity to handle things if you will not take the risk, you'll be forever bored, a wanderer, a day dreamer who's life is full of what ifs, and that is tiring.

Sometimes things didn't end up well even though we take some risks, and that is okay, the bottom line here is at least we tried, rather than regretting not taking the chance when we still have.

ivakar

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actually there is more risk if start to do with bitcoins, comparing to the luck of knowledge of bitcoin
1. no one can't hijack your bitcoins, you do not have
2. you do not care the bitcoin's price became 3 times less then you bought it
3. you do not feel sad that you did not sell your bitcoin @ 20k in 2017
4. you do not feel mad your hard drive went to trash with all your keys for bitcoin, or . wait, you don't have any Cool

Murat

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When you are going to invest or trade then you must take risk regarding that issue, What do you think about it? Do you think that Without taking a risk you could make a profit? I don't think so. Not only that risk is related to this Bitcoin but also this saying covers all the investment and trading. It's true that Bitcoin is a decentralized system and there is a little bit more risk in comparison to other platforms. But the honey is more here truly, so you have to take also some more risk in this system. For me, This platform is more profitable and reliable because this's not regulated by any authority and it's free from external effect, also there is not tax imposing issue in here, So why don't you take such type of risk when you want to make a large profit?

finzyoj

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Quote from: clickerz on October 04, 2019, 09:08:13 PM

Quote from: HarmonyA on October 04, 2019, 06:29:34 PM

[snip]

Bear with it, there is always risk and I do agree. But, look also on the other side, the opportunity it brings and convenience to use it online.I tgives me control of my transaction, it gives me opportunity to trade on exchanges. I am very grateful to bitcoin and cryptocurrencies, because of these I learn to trade.

Good for you because you are a daytrader, you know how to befriend the volatility which is the biggest risk you could encounter here in the world of crypto. But how about for the holders like us? Sad to say but we don't have any choice but to go with the flow. You know what, we are both prone from the risk but but the only difference is you have greater chances to earn more since you can easily adapt on the price changes. That's your main advantage from us and I feel a little bit insecure Grin

.

clickerz

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Quote from: HarmonyA on October 04, 2019, 06:29:34 PM

Risk exists in every venture, it is your responsibility to work on it. Risk should be traded with caution and dont ignore the fact that your reputation is also at stake. Bitcoin is the most popular cryptocurrency and engaging with it put us at risk, though the benefits sometimes is worthwhile

Bear with it, there is always risk and I do agree. But, look also on the other side, the opportunity it brings and convenience to use it online.I tgives me control of my transaction, it gives me opportunity to trade on exchanges. I am very grateful to bitcoin and cryptocurrencies, because of these I learn to trade.

The risk involved I think is manageable and avoidable as long as you are always on the lookout to prevent those losses.

karanggatak

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dealing with bitcoin give you risk is right. not only bitcoin, the other investation will give you risk. and they have different risk level. and for me, they have high risk if you dont have basic knowledge about it.
why gamble? gamble is like you put your money and bet to something, it can be win or loss, while the way butcoin work is not like that

HarmonyA

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Risk exists in every venture, it is your responsibility to work on it. Risk should be traded with caution and dont ignore the fact that your reputation is also at stake. Bitcoin is the most popular cryptocurrency and engaging with it put us at risk, though the benefits sometimes is worthwhile

DoublerHunter

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Quote from: KnightElite on October 03, 2019, 06:08:48 AM

Always remember that there are always risks in every investments that's why it is really important to identify the risks before making investments. I always consider the risks that I facing for me to know what strategy that I woll use.

That is a good advice to follow because that is true that it is really important for us to study and do some background research first about the certain investment to identify the possible pros and cons of the investment so we can easily adjust ourselves and we can set some targets for our investment to achieve.

^ Definitely right, or probably I think so but even if engaging with bitcoins put me at risk I will still engage in it because I do believe that I can be able to earn big from it, just like holding for a long time while you are forgetting that you have bitcoin stored in hardware wallet, years passed bitcoin will increase the price and your investment will grow as well. Engaging in bitcoin can make you rich and can make you poor as well. It's like sort of gambling so you need to take the risk if you want to get profit as what you had invested.

dmamigo

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A monetary risk for investments is acceptable where we are responsible but recently our country is planning to completely stop the usage of cryptocurrencies. , then this is not an only saddening incident but a shameful action by our government.

If I take that into consideration when you talk about risk and if this is implemented, then we are at bigger risk because the users will lose their money even when there is no fault of the them.

KnightElite

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Always remember that there are always risks in every investments that's why it is really important to identify the risks before making investments. I always consider the risks that I facing for me to know what strategy that I woll use.

bitzizzix

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Enjoy 500% bonus + 70 FS

It all depends on how much capital you have to invest, but in my opinion investing in bitcoin is a very small risk, the most important thing is to have to do your investment method in the long run so you don't feel worried.
because when bitcoin goes down it will definitely go up again and it all depends on how strong your patience has to wait patiently.

blckhawk

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Quote from: DeimunHailstrom on July 13, 2018, 01:55:57 AM

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

Every investment is a gamble. Every gamble is a risk. Dealing with bitcoins or any other investment, whether it be real estate, stock market or real franchises, it will always have some risks associated with it. It's just the magnitude of risk factor and loss you can handle you need to be aware of. You should also consider your time span, if you're willing to wait for long-term investments or only short-term plans. I would consider investing in bitcoin in the short-term ones because the market for this is volatile and drastic amount of price change may happen within a couple of weeks or months so be wary.

cutesgirl

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Bitcoin less risk than altcoin, how lower drop price of bitcoin always back again to higher price, but never put your hope with altcoin after price dump, too hard get back to the same price and never thinking you will get back your money after investing with altcoin and price have low, I faced many kind altcoin price down and never got on higher.

Naida_BR

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Quote from: DeimunHailstrom on July 13, 2018, 01:55:57 AM

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

That's a totally fair point, but I don't think that bitcoin and cryptos in general put you in a risky gamble.
It is a kind of investment which can be proven profitable or not.
Every type of investment hides a risk behind and this is not related to gamble at all...

Greed Dev

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In my opinion, bitcoin is an investment and if you are an investor, you have to take risks and manage it, risk not only in bitcoin but also in many other areas such as real estate or Bonds, want to be rich and successful, you must patiently spend time learning knowledge about that field, success is not for cowards and fear risks. To reduce the risk of bitcoin investment, you should learn from professional investors, invest small amounts to gain experience, monitor the market, make investment plans.
For me, investing in bitcoin is a way for me to have financial health.

Lorna111

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Success in anyway requires risk.

A really good investment in bitcoin is a very good option for your business. I have been in Bitcoin for a few years and its nice to know that it's working on my end here. I grew and continuously growing with the risks that I have paid in trading and other activities. I think it would be best if you find a quality crypto to invest.

micher143

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Quote from: yoseph on September 28, 2019, 02:51:18 AM

Quote from: binhvo1505 on September 28, 2019, 02:44:13 AM

I used to trade in the US stock market, I was trading on nasdaq and it was pretty good even though the profits were not as high as in the crypto market.
but when trading in crypto, one day I can earn 1k $ but the market has taken back all my capital and profit. The market doesn't follow indicators, it just depends on shark news and trends.
I have never seen a major manipulation like the crypto market and trading here is very risky.

Thats true about Bitcoin and other cryptocurrency trading, you can easily lose all the money just as you can gain them, there are signs you can follow though, I have noticed that whenever there is a FUD or uncertainty spreading around, it always ends with the value spiralling down.

you can't lose if you put a stop loss in every trade that you make, that is what am I doing so I can limit my lose but I can maximize my gains in trading. Patience, that is my key in every successful trade, and just simply following the trend will make you a lot of money.

yoseph

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Quote from: binhvo1505 on September 28, 2019, 02:44:13 AM

I used to trade in the US stock market, I was trading on nasdaq and it was pretty good even though the profits were not as high as in the crypto market.
but when trading in crypto, one day I can earn 1k $ but the market has taken back all my capital and profit. The market doesn't follow indicators, it just depends on shark news and trends.
I have never seen a major manipulation like the crypto market and trading here is very risky.

Thats true about Bitcoin and other cryptocurrency trading, you can easily lose all the money just as you can gain them, there are signs you can follow though, I have noticed that whenever there is a FUD or uncertainty spreading around, it always ends with the value spiralling down.

binhvo1505

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I used to trade in the US stock market, I was trading on nasdaq and it was pretty good even though the profits were not as high as in the crypto market.
but when trading in crypto, one day I can earn 1k $ but the market has taken back all my capital and profit. The market doesn't follow indicators, it just depends on shark news and trends.
I have never seen a major manipulation like the crypto market and trading here is very risky.

joromz1226

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This was mentioned several times here, in every form of investment there is always risk involved.
So, once we engage with bitcoin it means you are ready to take risk, whatever happen whether you win or loss.
Because, this is bad side of bitcoin world industry. It will only be risk once we are doing the actual trade
in the platform.

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