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Topic: Does engaging with bitcoins put you at risk? - page 24. (Read 6800 times)

newbie
Activity: 281
Merit: 0
  Yes engaging with bitcoins will put you at risk but you need to take those risk to earn in cryptocurrency and to have a better life. Engaging in bitcoin is risky but profitable and  this could the better way to achieve our dreams and plan for the future. If you are not a risk taker person and afraid of risk then bitcoin won't help you raise from your current situation.
member
Activity: 350
Merit: 10
The world of bitcoin clearly has risks. The risk that I think is necessary for us to go through so that we can take lessons and get better, if you are afraid of failure then success that you will never achieve.
Being afraid to fail is the number one reason people do not do stuff that they know they should do, if they fail following the path that everyone takes no one blames them because they failed as well, but failing in an original way is seen as a failure but what they do not realize is that the only way to become successful is to learn from those failures until you succeed in an unconventional way.
member
Activity: 350
Merit: 10
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?

Yes, putting our funds to a digital currency will put our money at risk. It's is because in cryptocurrency, there is what we call volatility in which anytime our funds will go down to zero. But at the very least the risk we have to take will give us better gain than on a traditional kind of investment.
newbie
Activity: 196
Merit: 0
We can deny that engaging in bitcoin will put you at risks ,but how can you improve your life if you always at safe with no extra gain, we can change our lifestyle if we are always afraid of anything coming to your life, how will you improve if you are always taking the easy life, but not taking the risks.
newbie
Activity: 154
Merit: 0
No meaningful investments go without a good dose of risks, for bitcoins,there are more than enough reasons why the rewards are far less than the risks.
full member
Activity: 798
Merit: 121
Of course it does.
No such thing as good profit without risk, it is what makes it "instant" compared to traditional working.
Though you can always minimize that with adequate knowledge and strategizing.
I agree in your opinion joining in investing in bitcoin is good choice but there is a risk if you want to earn more profit cause it is not an ordinary work and income can you get easily,  joining here you need lot's of knowledge and strategy on how you can get more profit in your investment. Investing in bitcoin you need be calm and patients to wait cause the price value of bitcoin is unstable and if you want to earn more profit you wait until the price is going up . The risk of bitcoin is the price value is unstable.
newbie
Activity: 136
Merit: 0
Yes, of course if we are involved with bitcoin we also have to accept the risks. Especially in the investment sector, if we invest in bitcoin we must accept the risk and have to be brave.
sr. member
Activity: 1232
Merit: 250
Investing in BTC and cryptocurrency is a gambling act!
If you don't participate in bitcoin transactions, it can't rob you of any penny. If you enter Bitcoin speculation, you may be looted at any time, just like this.

We should aware that every business has a risk and we have to take a risk in order to secure our life.
So yes it can be put you at risk. After investing it’s up to you how you manage your coins how you can secure your bitcoins you should not trust anyone also do no do panic sell always hold your coins and believe your self.

Not only business but every part of our live is filled with risk. And as the return can be quite huge in crypto market, the risk related to it is also huge. I agree people fear the risk being too huge and hearing the speculation makes some foolish movement and end up making their fear true. For few people now it might look like this investments are gambling in this sector, but they wrong thinking will be gone in future.
hero member
Activity: 686
Merit: 521
Investing in BTC and cryptocurrency is a gambling act!
If you don't participate in bitcoin transactions, it can't rob you of any penny. If you enter Bitcoin speculation, you may be looted at any time, just like this.

You should be aware that every business has a risk and we have to take a risk in order to secure our life.
So yes it can be put you at risk. After investing it’s up to you how you manage your coins how you can secure your bitcoins you should not trust anyone also do no do panic sell always hold your coins and believe your self.
full member
Activity: 325
Merit: 136
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?

People who announced how much bitcoin they have could put their selves at risk because there are peoples who are insecure and might think of something bad with those insecurities that can lead to life risk of the holder. Always keep your feet on the ground and never announce how much you have and live a normal and simple life.
jr. member
Activity: 92
Merit: 3
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.

Actually if you will put into investment in bitcoins well, its very normal that once you entered investment your money or normally your in risky situation but remember if you will afraid in risk you will never succeed,just like in ordinary business you need to overcome the risk to survive.
Yes we cannot ignore the risk factor that is involve in trading and investment, but if we compare bitcoin with other crypto currencies, I think that it is very clear that bitcoin contain a very little risk of losing money. I personally think that bitcoin is a very safe investment.
legendary
Activity: 3724
Merit: 1217
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?

OK. Here is my advice. If Bitcoin is illegal in your country, then you either stop dealing with it, or you should immigrate to some other country. On the other hand, if Bitcoin is either legal or having an undefined status, then your arguments are irrelevant.
newbie
Activity: 140
Merit: 0
That is true ,engaging in bitcoin put me at risk , but how can we improve our life ,if we are always afraid to engage in such business, investment are always at risk if not properly manage, so person who are taking the risks may have the chance to succeed in life.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
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?
It can depend on the particular government that you're under and country that you're in, because in some of the country's cryptocurrency is already banned and restricted so you're really under the risk.

yes, and this will makes the crypto user be careful when they want to use cryptocurrency because they don't want to get any problem. but I think it is better to ask the government about this so we can get the right answer and we don't have to be a worry to break any law. I am sure that the governments will understand if we can explain the cryptocurrency to them and we still need to obey the rule in our country. but I think there are still many people is using cryptocurrency/bitcoin although it is banned and it is illegal in their country.
hero member
Activity: 1456
Merit: 567
Dealing with bitcoin is not going to put you at risk unless bitcoin is illegal in your country, but if that is not the case then you are the one that is guilty of putting yourself in danger, I have seen many people being scammed and they fall for some of the oldest tricks in the world, like a Ponzi scheme, and anyone that losses money in a Ponzi scheme cannot blame bitcoin for their losses.
Yes, the thing we should do if were entering the cryptomarket for the first time is learn how to differentiate which ones are scams and which ones are not scam, learn about ponzi scheme so we dont fall for it, and also be very careful with phising sites and always double check everything.
If we dont do it, then a very big risk will follow us.
hero member
Activity: 840
Merit: 502
Dealing with bitcoin is not going to put you at risk unless bitcoin is illegal in your country, but if that is not the case then you are the one that is guilty of putting yourself in danger, I have seen many people being scammed and they fall for some of the oldest tricks in the world, like a Ponzi scheme, and anyone that losses money in a Ponzi scheme cannot blame bitcoin for their losses.
newbie
Activity: 226
Merit: 0
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.

Actually if you will put into investment in bitcoins well, its very normal that once you entered investment your money or normally your in risky situation but remember if you will afraid in risk you will never succeed,just like in ordinary business you need to overcome the risk to survive.

Yes,  you are right my friend,  you to take the risk if you want to gain a success,  because investment in crypto is needed to be patience all the times. The price of crypto in the market is just like a wave in ocean sometimes it's bump up and sometime it's dump to the lower level. That 's why you have to be clever and need be wise.
newbie
Activity: 149
Merit: 0
Any investment in any field can be very risky to you, and I also find that BTC is the place where the highest risk, but if we are lucky, the profit from them. will be ok the most.
Yes, that's true engaging with bitcoin is risky indeed. I think everything in our life are risky, most espesially if talks about money and investment, but it is normal to face the risk so that you will know the outcome of it. If the result is negative then try another way to improve it. Don't just stop right there. Life is risky that we need to be ready all the time.
full member
Activity: 345
Merit: 100
If it is for investment, it is not only in Bitcoin but to most of the cryptos. Cryptocurrencies are naturally volatile im the market making it risky to conver your money or investing into it, risky or having a tendency and chance to lose profit or money. The market value suddenly changes from time to time which includes dumps on the price of the cryptos which would result to complete loss of profit if an investor is not patient.
member
Activity: 238
Merit: 10
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?
It can depend on the particular government that you're under and country that you're in, because in some of the country's cryptocurrency is already banned and restricted so you're really under the risk.
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