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Topic: Does engaging with bitcoins put you at risk? - page 4. (Read 6821 times)

hero member
Activity: 2940
Merit: 613
Winding down.
You are at risk of losing, no other risk I am seeing since bitcoin is accepted in most countries, unless it's illegal in your country, you are in big risk.
Bitcoin is just a payment system to those who really don't want to invest on it, but since it's in the early development stage, it's just right to take advantage investing on it, however this is a risky investment, therefore always be smart by not risking everything you have.
legendary
Activity: 3234
Merit: 1214
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Without taking risk it isn't possible to get big rewards in a short time period. When there is risk there will be some precautions that need to be taken so to get rid of losing when the risk factor is beyond our predictions. Market being volatile could lead you to any extend of profiting as well losing.

From my experience believing the market started a business with the profiting, but further I spend the profit from the business into cryptocurrency. To my bad luck the market dropped low and by that time I was unable to withdraw to make my business progress. Now once again slowly developing as the funds were getting recovered. Truly speaking it is a gamble where we need to be prepared to select the right odd.
legendary
Activity: 3346
Merit: 1352
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Obviously when you deal with a highly volatile asset such as Bitcoin, you need to take care of the risks and deal with them effectively. Bitcoin can go up or down by up to 20% in a single day and as much as 50% in a single week. And unlike the case with equities or bullion, there is no accurate method to predict the future prices. I would not advise anyone to put more than 10% of his savings in to cryptocurrency. And investing at this point of time, when the bull run is at its peak, is even more dangerous.
sr. member
Activity: 1372
Merit: 275
Of course when engaging with bitcoin put you at risk because bitcoin is business and if you want to earn from bitcoin then there is always risk. Not only bitcoin but anything that you do to earn profit there is always risk. The higher the risk the greater profit you will earn.
Agree, because how you become success and can earn profit if you not face that some risk and accept it while you are in investment. Even bitcoin is risky, but its sure that it will give you a good profit. We will know already that bitcoin is risky so we already understand if what may comes if we investing in btc.
it's true the problem is that there are many people who have successfully invested in bitcoin even though the risk that will be received is large, but while we can control our emotions when investing, we will definitely get good results from bitcoin, of course
full member
Activity: 1750
Merit: 118
Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.

It looks like you have no clue about so many risks from Bitcoin at all...

You just said a bunch of them lmao and you said there were no risks? Being illegal is already a risk....

Gambling is risky, exchanging your money with bitcoin is risky if you don't have a clue of what you are doing, if you have no knowledge whatsoever about what a transaction and bitcoin address is.
Trading is risky if you dont know how to do it properly and you lose everything you had.

So you see? There is so much shit involved with Bitcoin being risky....

It looks like you have no clue about what the guy above have said . he didnt say that bitcoin is not risky  . he only said that bitcoin is risky if its illegal in your country and we are only talking about bitcoin here  , we arent talking about gambling and trading  though these things are also risky and can be used along with your bitcoins .
sr. member
Activity: 625
Merit: 258
Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.

It looks like you have no clue about so many risks from Bitcoin at all...

You just said a bunch of them lmao and you said there were no risks? Being illegal is already a risk....

Gambling is risky, exchanging your money with bitcoin is risky if you don't have a clue of what you are doing, if you have no knowledge whatsoever about what a transaction and bitcoin address is.
Trading is risky if you dont know how to do it properly and you lose everything you had.

So you see? There is so much shit involved with Bitcoin being risky....
hero member
Activity: 1400
Merit: 505
Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.
People who are not aware of the technology behind bitcoin might use it for illegal purposes and every transactions are recorded and cannot be altered and in the next ten years if there were such activities  being carried out by anyone i expect them to be behind bars by that time, even if some fools use bitcoin for nefarious reasons that does not mean that bitcoin is a risk to its users,
hero member
Activity: 1078
Merit: 501
Bitcoin is definitely a risk. But if you understand this market, you can earn a lot. And fulfill your dreams.
Risk is not bigger than the profit, in bitcoin we get so much profit but risk is only for those who invest only without any knowledge, for wise and knowledgeable people there is no risk. in every business we will have to face this risk, so why not in crypto where we can certainly get huge profit, miner risk taking can make us future good investors.
full member
Activity: 1638
Merit: 122
For me, it depends on what you will engage about bitcoin

as soon as you buy a bitcoin you are also acquiring the risk of loosing your bitcoins due to price unstableness but there are more activities that can make or break your bitcoins  .

Acknowledging bitcoin as part of our individual life,

no its not . bitcoin is not a part of every persons life . its only up to the person if he will learn on how to use bitcoin in order to make his life more fruitfull . others can still live normally without bitcoins .

engaging with bitcoins puts you at risk but the risk can also turn into a reward .
full member
Activity: 560
Merit: 107
For me, it depends on what you will engage about bitcoin, its either gambling or mining, because for me that two methods are very risky because on gambling your dealing with your skill and luck, but if you not lucky and become addicted to spending your money or bitcoin it’s a massive loss for you. But if you will try mining, it will depend on the rigs that you set up, and rely on the internet, electric bill and especially at the price rate on the bitcoin. I term on investing in bitcoin or money related, it has a risk, and the risk is depending on how much you spend, but if you can afford to lose that kind of money it's okay right, but if you can’t afford to lose it’s a genuinely risky move.   Smiley
member
Activity: 2044
Merit: 16
If money involved in investments are already risked from the start and to bitcoin is no exceptions since it has volatility effects that could affect prices in the future, so no guarantees that you will profit. Being said than that bitcoin always proved from time to time that all the aspects that others didn't believe are aren't true, in fact bitcoin is going strong and reached a new ATH of this year reaching $ 9000. Engaging on bitcoin is worth it in my opinion.
sr. member
Activity: 1484
Merit: 253
Of course when engaging with bitcoin put you at risk because bitcoin is business and if you want to earn from bitcoin then there is always risk. Not only bitcoin but anything that you do to earn profit there is always risk. The higher the risk the greater profit you will earn.
Agree, because how you become success and can earn profit if you not face that some risk and accept it while you are in investment. Even bitcoin is risky, but its sure that it will give you a good profit. We will know already that bitcoin is risky so we already understand if what may comes if we investing in btc.

  Acknowledging bitcoin as part of our individual life, we are aware about its method and consequence on how to prevail its uses. Somehow, taking risk is the most important aspect to engage on creating liable deliberation on every conclusion.
full member
Activity: 532
Merit: 101
Of course when engaging with bitcoin put you at risk because bitcoin is business and if you want to earn from bitcoin then there is always risk. Not only bitcoin but anything that you do to earn profit there is always risk. The higher the risk the greater profit you will earn.
Agree, because how you become success and can earn profit if you not face that some risk and accept it while you are in investment. Even bitcoin is risky, but its sure that it will give you a good profit. We will know already that bitcoin is risky so we already understand if what may comes if we investing in btc.
sr. member
Activity: 2366
Merit: 448
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Of course there will be risks if we are involved with bitcoin because it is related to investment, but it all depends on the personal situation that uses it.
if it is too focused on bitcoin or only depends on revenue from bitcoin, there is always the possibility of the risk, and I am personally an active bitcoin user but I am not dependent on bitcoin because I have a permanent job or regular income, so I make long-term investments and avoid it from fear , worry, and far from risk because I will hold it as long as it is not profitable and make bitcoin a promising additional income even though it takes a long time.
member
Activity: 714
Merit: 14
Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.
sr. member
Activity: 625
Merit: 258
if you have been involved long enough, then risk management will be protected by many factors indirectly.

At first, this creates an effect that is not easy, but we will get a considerable experience to be applied afterwards, especially in overcoming market conditions and also explaining it to others. the use of bitcoin will be extraordinary because this technology will restructure many systems every year.

If you mention those factors as winning profit along time and cashflows in a positive way then for sure it will be protected.
At start any kind of new investors, user or gambler will feel the need to profit without losing much else why would you risk it? Unless you want to just try a piece of the cake.

In the end it's all about user experience in certain situations where the risk will make him a better crypto user in the future where he will learn from his mistakes.
member
Activity: 616
Merit: 10
So far, Bitcoin is the most successful cryptocurrency today. But it is unavoidable to have obstacles there are possible risks also in engaging BTC. We're aware that the price of btc is constantly changing. With such an unpredictable market, there’s no telling if you will get a return on your investment. To avoid a massive loss, keep a vigilant eye on the market. Make small investments; they’ll be more beneficial long-term. With this, risk will be lessen if you are open for this fact.
legendary
Activity: 2282
Merit: 1023
I don't think so if you meant by risking your reputation. As long as you didn't used btc in any illegal transaction or operation then you don't have to worry, you can used btc freely. If you are mentioning about the risk that btc has, then that's the one you should learn on how to handle in order to become successful.
I think he is talking about the financial risk involved in a volatile asset like bitcoin and not about illegal transactions, every financial investment has its risk but if you are wise enough to invest when the market is on a correction phase then you will end up in a profit, majority of the people who ended up in a loss are the ones who tried to invest when the market started its rally and they either invested when the market is at an all time high valuation and never sold at the top when the market started correcting and then they usually sell at a loss. If you do the basics right then you will not end up in a loss and thereby reducing the risk.
full member
Activity: 700
Merit: 100
if you have been involved long enough, then risk management will be protected by many factors indirectly.

At first, this creates an effect that is not easy, but we will get a considerable experience to be applied afterwards, especially in overcoming market conditions and also explaining it to others. the use of bitcoin will be extraordinary because this technology will restructure many systems every year.
sr. member
Activity: 1610
Merit: 406
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there always risk for gaining something , i think that usual thing should we know before we really join this crypto world
not only investment with a crypto currency that is at risk but all investments must be at risk and for me with a big risk we will get a big profit too
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