Topic: Does engaging with bitcoins put you at risk? - page 35. (Read 6798 times)
No. 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.
It seems to me that any financial operations one way or another increase your risks. in fact, all of your profits are obtained due to these or other risks. bitcoin is definitely a high-risk asset and you need to keep this in mind when investing.
My first day in cryptomarket is really tough, no profit more on stress but I don’t give up that time until I qualified for some campaign and started to make money that time I’m so happy but I understand the risk in this market is getting higher. Capital is one thing, but if you put extra effort to understand cryptomarket you will know that you don’t need to invest any money here just pure of hard work. You cannot stop the risk, just live with it and win in this market.
Many people believed in Bitcoin and bought a large number of Bitcoins, now they have become rich people.
Bitcoin does have risks to it but not all things related to it includes risk. Merchants that uses payment processors like Bitpay is one example that doesn't suffer any risks in accepting Bitcoin. Dealing with Bitcoin as a currency or investment does put you in a risky situation because the price moves every minute you don't know if it'll increase/decrease its value the next day. Those who are new mostly say that it's bad for Bitcoin but for others it can be a good thing.
it is a decision to risk but the risk that I get is the neglect of my work in the real world so that my career is increasingly declining but it depends on the benefits I get from bitcoin.
It seems to me that any financial operations one way or another increase your risks. in fact, all of your profits are obtained due to these or other risks. bitcoin is definitely a high-risk asset and you need to keep this in mind when investing.
Well in my point of view anything that involves you spending some money in order to earn more are all consodered risk. There are really just some investments where the risk is big but the bigger the risk the higher the return will be. With regards to Bitcoin's legality I think what you can call that is avoidable risk. Just by simply doing some research and some inquiries to your local lawyers will simply let you know if Bitcoin or any other cryptocurrency in that matter is legal in your country or not. This way you can learn if Bitcoin is illegal or not before you can even buy one.
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?
Maybe you have a point about this statement that dealing with bitcoins and other things related to crypto put us risky gamble,but in the other hand at least being in risky world you know thats you have a great future in cryptocurrency investment especially that your goal been achieve and completed.while in other hands its needed also that being engage in crypto we must need to care our health.
But the Bitcoin story has so much more to it than just headline-grabbing pricing swings. Since bitcoin is a digital currency, no bills to print or coins to mint. It's decentralized -- there's no government, institution (like a bank) or other authority that controls it. Owners are anonymous; thus there is risk but there are a lot of benefits you can get when engaging to it.
What risks are you talking about here?
As long as you use bitcoin for legitimate purposes, and comply with laws (this applies to fiat as well), there is virtually no legal risk. If you're talking about volatility of bitcoin, then I think it's really a non-issue. Bitcoin may be volatile in the short term, but this volatility has gone down a lot in recent years because of the markets maturing. Besides, I'd rather hold bitcoin than fiat because bitcoin has a decentralized and limited supply, unlike fiat which can be debased easily.
So? If bitcoin was controlled by a state or government then it would be no different from all the fiat. The whole point of BTC is decentralisation.
As long as you use bitcoin for legitimate purposes, and comply with laws (this applies to fiat as well), there is virtually no legal risk. If you're talking about volatility of bitcoin, then I think it's really a non-issue. Bitcoin may be volatile in the short term, but this volatility has gone down a lot in recent years because of the markets maturing. Besides, I'd rather hold bitcoin than fiat because bitcoin has a decentralized and limited supply, unlike fiat which can be debased easily.
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Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used.
So? If bitcoin was controlled by a state or government then it would be no different from all the fiat. The whole point of BTC is decentralisation.
Everything that is related to finance and investment is risky. That argument is relevant not only for crypto. Therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising ICO tokens. I have found a trustworthy ICO project. It is called Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. Their main aim is to create a win-win insurance whereby you get instant claim payment, fair and transparent dealing and friendly prices. They are also helping insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level. Also, they are powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.
Yes, investing in Bitcoin surely puts one at many risks, but that’s the nature of entire cryptocurrency market. In fact, the investment sectors are always risky. It’s the greed to obtain more and more that risk our lives and reputation and not the cryptocurrencies. One should have sensible and realistic goals and if investing in it cautiously it can be a very good part of our financial management.
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?
To be successful in life a risk must be taken, although there are calculated risks in the case of bitcoin those who took the risk since its inception had accumulated considerable profits now thus took a risky gamble which turns positive, however there are countless of investors that took the risk of buying a supposed prospective coin which later turns worthless reaffirming the fact that whatever investment we took is more or less like a calculated gamble.
Legal and regulatory hazards aside, as both an investment and currency, bitcoin is very risky. The financial value of a bitcoin, however, is highly volatile and may swing widely from day to day and even hour to hour.
I think yes, anything that is associated with bitcoin is risky. Especially if we are new to bitcoin, then we invest and trade bitcoin, and this is very risky due to bitcoin price is very volatile. But bitcoin is well worth the long-term investment, because there are many advantages that are not possessed by physical money. Following the campign signature is also at risk of not getting the rewards, time and our thoughts felt in vain. So should we have to minimize or know the risk, so we are not disappointed later.
Bitcoin is not yet the official currency, but it will probably change soon. While those who managed to invest in it and get a good profit were in the black.
There is a little risk , when engaging in bitcoin investment ,because in the cryptoworld or digital world, you must be very careful when working with it because there are many hackers that are waiting for your mistakes and get advantage over you, thayt is why it is risky when joining cryptocurrency.
Engaging on bitcoin can be a risk due to its price volatility. So as a holder or a trader, one must always watch how its price will turn out. One must be very careful on the decisions that they make and on how they manage their bitcoins. Thats why it is very important to enhance our knowledge when it comes to bitcoin and must be always updated so that we will know how to handle it. With this, risk on bitcoin can be lessen so it wont turn into failure.
If people enter the crypto industry without any knowledge about the market and started to trade or invest that is the risk, but if you enter crypto with enough knowledge about the market it will help you to have a good profit because the volatility makes a person without knowledge to go down to 0.
Well every investment got the risk and bitcoin more appreciate as asset, and I think bitcoin is a risky investment its more risky to invest in bitcoin than other fiat investment, but the profit of bitcoin is far way greater than any other investment so I think its worth to take the risk to invest in bitcoin, bitcoin is not a dangerous investment if we dig deep and study about the market
I think depends on how much money you put there, if you only put a few hundred dollars, then it is nothing. You can easily lose those in a casino as well. But if you put all your hard earned money in bitcoins, then it will be a little risky. You should invest wisely and try to diversity the investment when possible.
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