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Topic: Does engaging with bitcoins put you at risk? - page 17. (Read 6800 times)

member
Activity: 171
Merit: 10
September 01, 2018, 11:20:20 AM
Every step you take in this society is taking a risk, including going to work. The only difference between work and trading with bitcoin - at work you earn a percentage of he profit you make, while here you keep all the profit and earn a bit of stress along. Everything is proportional
full member
Activity: 405
Merit: 105
September 01, 2018, 08:59:23 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?

Everything really needs a risk. In my experience, bitcoin is slightly put me at risk. Since, I am still a student, it put me at risk in terms of managing the time and taking a signature campaign to join. It is really a gamble because you wouldn't know if your effort will leads you to the successful road. However, everything have to take risk and most of it are always worth it.
newbie
Activity: 34
Merit: 0
September 01, 2018, 08:29:23 AM
Of course, basically this is a business and we all know that in business, businessmen are taking a risk whenever it's going to become profitable or not. Taking risk in every business is the most important. Also, by doing taking a risk needs to be prepared on what are the possibilities it's either negative or positive. If do you want to involve your self in bitcoin and you're ready for the possibilities that will happen then go. Just always become prepared and taking a risk is needed. It can make you successful.
newbie
Activity: 42
Merit: 0
September 01, 2018, 08:19:19 AM
I heard many of my friends say, investing in Bitcoin or cryptocurrency is like a gamble. If we are lucky, then surely we will get a lot of money from investing in them. Otherwise, we would seem to lose everything.
legendary
Activity: 1008
Merit: 1060
September 01, 2018, 08:14:33 AM
the only thing that puts you at risk in engaging in bitcoin is in fact yourself. many people have invested in bitcoin not completely understanding the nature of the digital world currency and the nature of such an investment product. some people get in because they here all the get quick rich success stories and quickly buy but have done no market research, have not asked experts or have not looked at performance history - making this investment very risky for them.
This also explains why a lot of people have been a victim of an HYIP and cloud mining in the past. They see other people enjoying their cash outs and profits from investing and so they invest as well. They see people making money from it so they're like "Oh this might be actually be legit." And of course they get talked about it by people who are looking for people to sign up under them. They sugarcoat the whole thing and not say that the money from the people are the ones that they use to pay out the old members (the nature of a ponzi).

If an individual did try to do understand the nature of it, then they will ask the question "What would happen if there is not enough new members to pay the old members?" Sadly it's the same thing with those huge networking scams. The only difference is that they have products to sell which kinda blurs out their ponzi-ness. But what can we actually say, people are lazy and they are willing to take advantage of another person's gullibility just to make money.

In bitcoin, though, there's none of this. The only thing that people don't understand that causes them to lose money is that bitcoin isn't a surefire way to make money in x amount of days. It's something that has to grow in order for us to make money from it. Sure there are some who were able to actually become rich from it but those are the ones lucky enough to buy bitcoin in its early stages. People don't understand that they have to hold longer than they thought and so they get impatient and sell their coins at a price lower than they bought it.
member
Activity: 451
Merit: 15
Investor
Every investment needs to take a risk.If your mindset is that if you joined bitcoin to become rich then just quit because its not that easy to do.Success came from hardwork and theres no successful businessman that doesnt take a risk.So everything need to take risk to achieved all you desired and to be successful.

This is true. Everything in life has risk on it. Therefore we need to take that risk and make it as a great opportunity. With bitcoin it is not really about the risk but how you play the market. Its cycle is up and down and up and down and up again, this scenario is where you need to be smart enough in doing exchange. Be wise to lessen the risk.
full member
Activity: 504
Merit: 102
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?

Indeed, there are risk in every investment and not just in cryptocurrencies. But we ought to take those risk so we can have the things we need but we need to invest intelligently.
full member
Activity: 378
Merit: 100
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?


All certain application that we engage pertaining the source of income specially in bitcoin is actually deal immidiately without hisetation even if it is risky, people know about it but when did we start to deal if bitcoin collapse and totally closure?

Anything that you invest will put you at risk because not every asset will surely increase in the future, that is the reason why investing on cryptocurrency will not guarantee you to become wealthy in the future.
newbie
Activity: 71
Merit: 0
No it does not.
Only if you spend time on gambling on the price to try to get quick money.
Bitcoin itself has no harms. I would say it is a very healthy investment right now. You will never regret spending your time and efforts in bitcoin because it will be developing more in the near and far future.
I dont see any real risk from bitcoin really.
newbie
Activity: 17
Merit: 0
the only thing that puts you at risk in engaging in bitcoin is in fact yourself. many people have invested in bitcoin not completely understanding the nature of the digital world currency and the nature of such an investment product. some people get in because they here all the get quick rich success stories and quickly buy but have done no market research, have not asked experts or have not looked at performance history - making this investment very risky for them.
newbie
Activity: 266
Merit: 0
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?


All certain application that we engage pertaining the source of income specially in bitcoin is actually deal immidiately without hisetation even if it is risky, people know about it but when did we start to deal if bitcoin collapse and totally closure?
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
Engaging in bitcoin , It maybe at risk but this is business , how will you be successful when you are always in cowardry and will not engage in bitcoin, take the risks in engaging bitcoin ,all you have to do is to take your investment properly and be safety always because digital business is delicate because of hackers and scammers ,just take necessary precaution.
Yes sometimes taking the risk is what we need if we want to move forward. Yes we will be put into risk when we engage ourselve on it but that doesnt mean that it will result to a negative. But whatever the result it you must know how to accept and move on. Taking a risk is like a one step to know knew things.
member
Activity: 364
Merit: 10
https://bvo.trybravo.com/
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?
Certainly, dealing with bitcoins and cryptocurrencies as a whole puts you at enormous risk. One may lose all his live money and savings which eventually would lead to a personal catastrophe (and maybe a suicide). So before entering crypto one should analyze all the possible scenarios that might develop on the market.
newbie
Activity: 210
Merit: 0
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 lingering fact is that money is not achievable as a single candy you can buy in the store...,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 dealing with bitcoins and other things related to it also puts us in a risky gamble..
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
If you look at it, everything for earning money is a gamble. Going to work everyday puts you at risk due to stress or accidents. Investing puts you at risk of losing a lot of money. Scamming people puts you at risk of being caught. Even begging for money puts your dignity at risk. It's just a matter of if you understand and are willing to accept it.
The big chance will go with the high risk that is when entering the cryptocurrency market investors should grasp. This market has a lot of potential and I think a lot of investors are involved because of that so be confident and invest in this market if you really trust.
newbie
Activity: 126
Merit: 0
Engaging in digital investment is of great risks , because once you are mistaken it will be gone and cyrptocurrency is a digital investments that are many participating or joining so this invesyment is so risky and tend us to be careful always on our move.
full member
Activity: 392
Merit: 103
For me no. Because i believe im bitcoin and infact we all know that to make more from money or 8nvest in a stocl market you will still doing a risk. It is part of a bussiness you cant avoid it
Ucy
sr. member
Activity: 2576
Merit: 402
Bisq is a Bitcoin Fiat Dex. Use responsibly
It is not as risky as government controlled VIRTUAL CURRENCIES.
It is much more valuable to me than those dangerous currencies. Hopefully it will be possible to use Bitcoin without the Internet which will make it safer than physical currencies.

Quote
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

Bitcoin is a peer-to-peer currency. It doesn't necessarily has to be recognized by governments. What matters is how valuable it is to people.
member
Activity: 299
Merit: 11
If you look at it, everything for earning money is a gamble. Going to work everyday puts you at risk due to stress or accidents. Investing puts you at risk of losing a lot of money. Scamming people puts you at risk of being caught. Even begging for money puts your dignity at risk. It's just a matter of if you understand and are willing to accept it.
newbie
Activity: 130
Merit: 0
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?

In every kind of investment is just called a gamble or risky.. So there's no exemption all are risky. And bitcoin is one of this but it depend the investor's how he manages his investment in bitcoin. Investment in bitcoin is very nice because you can earn big amount of money but it depend on how you play game in bitcoin. So if you clever and smart then you can have a success but if you stupid and always keep on panic then accept the consequences to lose your money.
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