Topic: Does engaging with bitcoins put you at risk? - page 31. (Read 6825 times)
Yes, especially if you are risking your fiat money into it. But if you will just do bounty hunting, then it will be much better. The rewards you get from bounty is the money you will using to invest either of the coins you would like to hold for a longer period of time. If this will be your strategy in doing investments then no worries at all since you will not be losing your personal savings. Time, effort, hard work, patience and perseverance will be your weapon to be able to succeed when engaging in bitcoin and other crypto.
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?
Investing in bitcoins and other cryptocurrency really put our investment at risk. The main reason of it is the volatility which triggers at any possible time. Our investment might lose but with the risk it holds comes the bigger gain if our investments comes on our way.
nicely technically some thing that has to do with or involves cash are risky so whether or not it's miles an investment or engaging in bitcoins and other cryptocurrencies that are essentially money in case you convert it to fiat are also volatile in my view.
It is real risk or a gamble to invest on something which you will never know what the future is, not unless things just happened. Bitcoin is the same as it is always unpredictable. Everytime, things may never be the same as what have happened. So we really need the skill to help predict outcomes as closely as possible. This helps a lot, so that we will never fear it and risk will always be manageable. Don't fear risk as it is natural in business.
The big risk in the world is in cryptocurrency investment. The price is not guaranteed and can dip anytime and you can lose your money. That’s why I always say the for crypto investment two things are very important, patience and courage. If you can hold your coins in worst situations and can bear the loss due to fall in the price you can make profit from crypto investment.
Investments are always risky. There is a possibility of growth in stocks and coins. And we invest in those coins that are more likely to grow. But the probability of a price increase is not a guarantee of growth.
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?
Obviously yes, because investing on a cryptocurrency will not make you earn profit instantly since it takes time before the market price pumps up in the market.
People always look for short-term money, if they don't make money then they start saying negative rumours about the Bitcoin. We have to wait some time in order to make a profit, in this world nobody gives instant profit after investment.
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?
Obviously yes, because investing on a cryptocurrency will not make you earn profit instantly since it takes time before the market price pumps up in the market.
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, whether risky or not risky, it all depends on you. You have to be careful and not trust people easily. Even without Bitcoin there are already lots of scammers online, so don’t think that Bitcoin is the only risky thing out there. Even with the use of banks you can still get scammed. Some of us are careless, they don’t even mind that they are using wallets that are unsafe. I can’t use a wallet without 2fa, it’s very risky. 2fa gives extra security to your wallet and it can’t be hacked easily.
And don’t store all your Bitcoins in an exchanger except the amount you want to use for trade. Mind who you’re doing business with and always do business with legit buyers and sellers.
In this world we can't life always be safe because sometimes we also required to take the risk if we want life with healthy financial and involved in bitcoin indeed very risky besides still not admitted as the currency then bitcoin price also unpredictable but i think the risk are equal to the benefit itself that as you can see here bitcoin already help many people including me to increase standard life
Yes, I don't think engaging in bitcoin is risky at all, it is the exchange to your bank that may put you in risk. In my country there is no law that states if coins are legal or illegal. So, it is a gray area.
However if I withdraw cash from bitcoin exchange, government sees that there is money coming in my way. They don't know if its bitcoin or not and they don't know how to tax it properly, so they leave it alone for now, I wonder what would happen if it goes to million dollar levels (hope I find out one day
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If we will deepen our understanding about bitcoin then we also know how risk it is. More over, we can contradict the scenario of losing much of our time and effort if we scrutinise our idea about bitcoin. There are always positive and negative side of entering the world of cryptocurrency. But in the end, it is up to us on how we judge the bitcoin and use its purpose for ourselves.
No it doesnt. Actually it helps people to have some extra income which is bigger that their current jobs when bitcoin reach 1 million. It's just become risky when you invest in big amount and you dont know if you will get scammed.
all can be anticipated with growing knowledge and experience, many beginners who invest in random systems, I think this is very reasonable, but if their experience increases, then the analysis will be stronger to be a loyal holder, they will understand the growing market patterns and rumors .
Risks always appear in all businesses, but I am grateful that bitcoin is not just for luck, there are fundamental analysis that can be accounted for and which makes bitcoin more realistic in business use.
No it doesnt. Actually it helps people to have some extra income which is bigger that their current jobs when bitcoin reach 1 million. It's just become risky when you invest in big amount and you dont know if you will get scammed.
You can call it a gamble but you have to also realize that when you get to understand bitcoin and join the bitcoin market, you become a part of the people who are helping to rewrite the history of money. You don't wanna miss out when the 21st century kids start taking over this technology.
Anything that involves investments are risky but in bitcoin more profit will gain if you have knowledge how to deal with it.. It is not about how much you buy but when to buy.. Buy on dip and hold thats what many investors do.
In this world we can't life always be safe because sometimes we also required to take the risk if we want life with healthy financial and involved in bitcoin indeed very risky besides still not admitted as the currency then bitcoin price also unpredictable but i think the risk are equal to the benefit itself that as you can see here bitcoin already help many people including me to increase standard life
Bitcoin's market price is very sweet to see but due to its market price volatility, you are really putting your investment into danger as bitcoin will falldown anytime of the day. So its better if to fasten your seatbelt for a whole new roller coaster ride and always ready for any consequences.
There are risks associated with Bitcoin that are not present with other things like fiat, commodities, securities etc. But then there are also significant potential upsides / rewards as well. If there was no risk or reward the price would be much more predictable bit for now the market is trying to price that risk reward profile. I suspect that in a few years the price will be much less volatile and predictable.
No of course engaging with bitcoins will definitely put you to physically put you to harm but it could be happen indirectly since your mental or cognitive and affections might be affected through market price movement of bitcoin and even losing on some of your money or worst all of your money. This can possibly now put you to risk if you will lose your money definitely you could not get or buy that is intended for your body or health like food.
Believe it or not, the concept of using Bitcoin as a digital currency is not evenly distributed in all circles of society. Only those who understand and follow the development of technology alone who already understand the intricacies of the actual Bitcoin. Even so, news about the potential of Bitcoin turned out to be faster reaching the ears of investors. Many of them then wanted to buy Bitcoin without really knowing what Bitcoin really is.
it is not a risk as long as you understand more about bitcoin, unless the use of bitcoin is against the law and you can go to jail, hahaa but it will not happen as long as you use it wisely.
in fact all investments must have risks but the most important thing is how we learn to anticipate them so that no losses are earned.
in fact all investments must have risks but the most important thing is how we learn to anticipate them so that no losses are earned.
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