For me, trading bitcoin is really risky. I worked hard for the past 2 weeks, I worked for the company and got paid, then traiding profitable when bitcoin grew. but in the past 2 days, the market has dropped 30% in value, I have lost everything I have in the market.
I usually trade margin and made a false prediction for a moment and then I lost it all. I have never seen a market as risky as this one.
Topic: Does engaging with bitcoins put you at risk? - page 2. (Read 6821 times)
What do you mean by engaging with bitcoins?
you mean to say you're life is in danger?
or by transfering like millions worth of bitcoin?
its anonymous,
ir you mean to say it might be hack on their way to the reciever
probably not gonna happen because its not centralized like banks
your money is secure even if you sent billions worth of bitcoins
the only way you'll put you're money at risk is when you send it to a wrong address,
you're life will be at risk if someone found out you have billions they will probably rob you
but in bitcoin it will be totally safe as long as you have the key to your wallet
you mean to say you're life is in danger?
or by transfering like millions worth of bitcoin?
its anonymous,
ir you mean to say it might be hack on their way to the reciever
probably not gonna happen because its not centralized like banks
your money is secure even if you sent billions worth of bitcoins
the only way you'll put you're money at risk is when you send it to a wrong address,
you're life will be at risk if someone found out you have billions they will probably rob you
but in bitcoin it will be totally safe as long as you have the key to your wallet
Using Bitcoin for transactions do not pose any risk to the Bitcoiner. The risk set in when it comes to its investment as every investment has some level of risk. Although an investor may perform researches before investing in Bitcoin, yet no one can grant 100% assurance that Bitcoin will rise within the speculated time set by the investor. However, we all know that in the long run, Bitcoin recovers and make new heights of pricings.
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?
Bitcoin and crypto in general is certainly a gamble in the sense that you convert fiat to crypto, and there is the potential for the crypto you've bought to drop significantly in fiat value.
But this is not the most important thing. What is important is that you are seeing the potential that crypto has to change the world. It offers so many advantages, speed, security and an inviolable historical record. By backing crypto you are helping in the long process to wrest control from governments and elites, and help us move to a more egalitarian society. Yes you may gain money. Yes you may lose money. But either way, you are part of the movement of resistance to government and corporate control of the economy. You are fighting the elites who bleed us dry, those responsible for the financial crisis of 2008, those who benefitted from it whilst forcing everyone else to suffer. Those who suppress ordinary people and just sit back and skim off profits for themselves. Inequality is increasing and is moving towards unprecedented levels. By investing in crypto, you are investing in the future of ordinary people. That is the important thing, and that is not a gamble, it is just morally right.
Sorry, channelling my inner motivational speaker there. TL;DR: crypto good fiat bad.
Risk is always present in life and risk will make someone more mature and better because they learn from the mistakes or risks that are being faced.
and invest wherever there will be risks including investing in bitcoin, It is better before investing to do good learning and understand what you want to invest and do analysis and want to learn or ask people who are experts and for your consideration in investing so You invest in the right time and minimize risk.
and invest wherever there will be risks including investing in bitcoin, It is better before investing to do good learning and understand what you want to invest and do analysis and want to learn or ask people who are experts and for your consideration in investing so You invest in the right time and minimize risk.
The truth is, investment is always at risks and Bitcoin is not an exempted on that. The best way to do is to choose wisely on every crypto you invest. I think, risk is also part of the success.
Engaging with bitcoins will lead to risk, but the same gives the profit. The recent price drop is a perfect example for the same. None could've thought the price will fall low to $8500 in few days time. The price was perfectly bullish, and there is good inflow of investment which is to carry forward the growth. All of the sudden the market turned bearish, this is perfectly based on the uncertainty.
Yes, the situation from yesterday afternoon to today is a perfect proof of the risk when we start engaging in bitcoin, people always just think that bitcoin has a sideways trend to accumulate for a breakout of higher prices but it suddenly turned around and went down quickly without any sign. A lot of investors have been discussing this issue today and they have talked a lot about their losses, every time a surprise comes, the loss is significant, while in previous weeks, they are proud of their victoryPerhaps now is just the right time to buy? And when the price goes up, we will say that it was a good time to buy bitcoin and that it was our victory. For some, the current situation is an unpleasant surprise, while someone was looking forward to this moment.
Engaging with bitcoins will lead to risk, but the same gives the profit. The recent price drop is a perfect example for the same. None could've thought the price will fall low to $8500 in few days time. The price was perfectly bullish, and there is good inflow of investment which is to carry forward the growth. All of the sudden the market turned bearish, this is perfectly based on the uncertainty.
Yes, the situation from yesterday afternoon to today is a perfect proof of the risk when we start engaging in bitcoin, people always just think that bitcoin has a sideways trend to accumulate for a breakout of higher prices but it suddenly turned around and went down quickly without any sign. A lot of investors have been discussing this issue today and they have talked a lot about their losses, every time a surprise comes, the loss is significant, while in previous weeks, they are proud of their victory 
Engaging with bitcoins will lead to risk, but the same gives the profit. The recent price drop is a perfect example for the same. None could've thought the price will fall low to $8500 in few days time. The price was perfectly bullish, and there is good inflow of investment which is to carry forward the growth. All of the sudden the market turned bearish, this is perfectly based on the uncertainty.
There are many types of people in the world, some of them are afraid of risks, the rest are not considered risks as challenges to overcome. The bigger the risk, the higher the profit and I think the risk doesn't just stop at cryptocurrencies, it is present in many other businesses or in your whole life, if you invest in real estate or stocks. there is a risk there, if you go out and drive your own car is also a risk.
As I see it, Bitcoin has a bright future, you can make a profit from it if you know how to manage risk, track research on it and you will have a solid financial future.
As I see it, Bitcoin has a bright future, you can make a profit from it if you know how to manage risk, track research on it and you will have a solid financial future.
Bitcoin did not harmed me in the past , and it still does not now. I did not invest or put any money from my wallet.
yes i have been scam i lost several times in my trades but its all from my earnings from the crypto related projects that i joined from the past.
yes i have been scam i lost several times in my trades but its all from my earnings from the crypto related projects that i joined from the past.
Technically, there are countries that will potentially put you at risk when they found out you are trading bitcoin or you own them. In my country, some of my bank account is in potential risk because if they found out then they will close of my account and I'm not able to cash-out using their service again. The worst is in other countries that you could be jailed using bitcoins. And another risk is losing all your wealth if only ever you became hopeless of btc's price from its all time high that you bought and sold all of it.
All forms of investment involve a form of risk, No risk No gain, Engaging in Bitcoin has a level of risk, but worth the risk, as it is not a bubble,ponzi scheme, that can colapse in a flash, Bitcoin gives a high level of return compare to all other form of investment.
The risk involved with Bitcoin is still within tolerable limits. But some of the users go one step further and invest their savings in ICOs. There can be no investment more riskier than this, given the fact that more than 95% of the ICOs end up as failures. For now, I am sticking with Bitcoins. None of the other cryptocurrencies seems to have a long-term future.
Our daily going out and coming back is also a risk. You cannot determine what will happen on the way so it is to any business entity in which Bitcoin is not an exception. We should be able to analyze the risk involved and manage it appropriately.
It doesnt. Engaging with bitcoins put you at risk is not true. In fact there are many people who uses bitcoin became rich. Not just rich, super rich. They invest and when they invest, they think twice. They are wiser especially when it comes to fighting scammers and hackers. They must be wiser so that their money wont be hacked by hackers. If you use bitcoin, there no need to pay anything. You just need to post and you can make money in bitcoin. You just need patience.
I think it depends on whether or not the cryptocurrency is legal in your country, if in our country there is no prohibition on using bitcoin or cryptocurrency then it won't be as risky as you worry. So, even though the use of bitcoin is only done in online transactions, our involvement will not be a feared problem, but indeed there will always be a concern for us over investment and other things, and it is only a risk that will at least be faced.
Every investment that you put your money there is no hundred percent that they return or have a good profit because the worst happen to your money possible to gone or become less if you put your money in the wrong investment. Bitcoin is good but they still have risk about your money so for the people who are scared in investing bitcoin is not for you unless you are ready to lose.
investment is always risky despite the news that Bitcoin's value will always grow year by year. because we are also affected by a lot of bad news or influenced by traders, which makes our plans change.
but anyway, we should still try it because I see that the market is still hungry for bitcoin to rise, the expectation will come with action. I still believe the value of Bitcoin will soar in the coming years.
but anyway, we should still try it because I see that the market is still hungry for bitcoin to rise, the expectation will come with action. I still believe the value of Bitcoin will soar in the coming years.
Bitcoin is not an exception. All one need to do is to invest wisely and avoid falling into the hands of scenery and dangerous hyip/ponzi
You've got to understand that you are always at risk. People tend to think that if they have a salary and some savings in fiat money in the bank they are not "AT RISK". But.. what if they get fired? Also is it wise to just keep the money in the bank when the inflation is 2-6%/year ( depending on the country you reside in)? So in 10-20 years with the current worldwide economic situation you will lose even 50% of your purchase power. Isn't it wiser to invest your money into a deflationary, not government controlled currency aka Bitcoin? - I can't give you the answer to this question so you will have to decide for yourself 
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