Does engaging with bitcoins put you at risk? - page 5.

mbluxs

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Quote from: D3m1r4wanti on June 16, 2019, 12:23:44 AM

My involvement in Bitcoin certainly has a huge risk, but I am ready with it all, I am ready with all the risks that I will face when I decide to join the crypto world, especially bitcoin.

to plunge into the world of bitcoin, we should be brave enough to take any risks that will occur in the future. because the world of bitcoin is very difficult for us to guess. so of course we must dare to bear all the risks, because we also have chosen all of this.

BLAST2MARS

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Only on the financial aspect and nothing more. As of now, it is true that bitcoin is not fully utilized as a mode of payment everywhere and only in several physical and online stores but if you concentrate on the technology's potential, you'll only imagine its limitless possibility and not just as a gambling risk. I considerd altcoins as a gambling risk than bitcoin.
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D3m1r4wanti

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My involvement in Bitcoin certainly has a huge risk, but I am ready with it all, I am ready with all the risks that I will face when I decide to join the crypto world, especially bitcoin.

hahay

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Leading Crypto Sports Betting & Casino Platform

In any case in this world what we do will have a risk on the side and what should be considered for us is about how to minimize the risk, if we can reduce the risk then whatever we do at least has good potential to get a success. So, make a way or a strategy in every activity that we do so that we do not fully continue to worry about the risk of loss.

jak3

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of course, there is always some risk in everything but it usually comes down to how you see it. for example, if you go out alone out of your house then your life is at danger but still you go out every day and enjoy and like that we know governments and banks have no control over it but they are surely going to stop you from using this digital coin as they want their money flow going. they can even sacrifice your life for their profit you are nothing but a money cow for them.

khimer_rangers

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BountyMarketCap

of course you have a risk, when you invest in bitcoin you are followed by risks and benefits,if your country prohibits the use or sale of bitcoins and you are still using bitcoin then you are at risk, but I think every country has different rules.

jhonjhon

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Risk can be present at any investment and bitcoin isn’t an exception. Bitcoin can be very risky if you are not good at handling it but it could also give you big profits if your able to do it properly. Also bitcoin is a very strong coin and had survived for years already which mean you can never go wrong with bitcoin and it is worth the risk.

Dontme

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Ofcourse, bitcoin is a business and any business you engage or put your money in is risky. If you wan`t to earn money or profit in bitcoin or any businesses there is always risk.

acroman08

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Yes and no, I mean It's different in every country since some countries prohibit the use of bitcoin and any kind of cryptocurrency. in case of legalities In countries were bitcoin is widely accepted and the government in open about it I think you don't have to worry about risking your reputation unless are using it in illegal manner. countries who accept bitcoin usually have regulation to prevent these kind of illegal transactions. and for bitcoin's price volatility most people who use bitcoin knows the risk on investing in bitcoin and are prepared for it like most investor in every type of market.

playboy654

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Quote from: Janation on June 15, 2019, 06:25:53 AM

Quote from: playboy654 on June 15, 2019, 06:21:29 AM

I don't see any risk for me while using bitcoins and I feel my transactions are completely safe compared to banking method transactions.

If your country doesn't allow holding of cryptos but still your are holding it will put you in risk but nothing other risk for using bitcoin as I can feel.

Bitcoin being Bitcoin is a risk of itself.

We all know how volatile Bitcoin is and that is usually the reason investors do not want to use it or do anything related to it. It is true that there are a lot of people that want to invest in it but also, there are people that do not want to invest in it because it is a risk.

OP asking about any legal issues facing while using bitcoin so I didn't make any comment related to the prices.

satriagedhe

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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

Janation

hero member

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Quote from: playboy654 on June 15, 2019, 06:21:29 AM

I don't see any risk for me while using bitcoins and I feel my transactions are completely safe compared to banking method transactions.

If your country doesn't allow holding of cryptos but still your are holding it will put you in risk but nothing other risk for using bitcoin as I can feel.

Bitcoin being Bitcoin is a risk of itself.

We all know how volatile Bitcoin is and that is usually the reason investors do not want to use it or do anything related to it. It is true that there are a lot of people that want to invest in it but also, there are people that do not want to invest in it because it is a risk.

playboy654

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Activity: 546

Merit: 32

I don't see any risk for me while using bitcoins and I feel my transactions are completely safe compared to banking method transactions.

If your country doesn't allow holding of cryptos but still your are holding it will put you in risk but nothing other risk for using bitcoin as I can feel.

Shinpako09

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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.

miningguru

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Quote from: travwill on June 10, 2019, 06:09:54 PM

Quote from: Mig-23 on June 09, 2019, 12:55:21 AM

Bitcoin is not created by any government or organization so it cannot be an official thing,its like open source for everyone and its has been used as currency on many places.If you talk about the unstable value then you are at risk but when you are holding it,you never going to see failure in the value. So you are at a better place when you invest this money into another form of investment.

By investing in Bitcoin you put yourself at a certain risk, but this risk is no higher than investing money in a bank with interest. Bitcoin was and will remain under your control, but the money in the bank is not.

Yes, you are right we should be very careful with the banks they will charge for every transaction we do, of course, the bitcoin network is also charging but the transaction will be done through no third party. In banks, only upper-level people are getting more loans and lower level people do not get loans through banks they need to submit a lot of documents for getting loans.

radjie

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Quote from: geegaw on June 11, 2019, 08:32:39 AM

Quote from: travwill on June 10, 2019, 06:09:54 PM

Quote from: Mig-23 on June 09, 2019, 12:55:21 AM

Bitcoin is not created by any government or organization so it cannot be an official thing,its like open source for everyone and its has been used as currency on many places.If you talk about the unstable value then you are at risk but when you are holding it,you never going to see failure in the value.So you are at better place when you invest this money into other form of investment.

By investing in Bitcoin you put yourself at a certain risk, but this risk is no higher than investing money in a bank with interest. Bitcoin was and will remain under your control, but the money in the bank is not.

I think everything is the opposite of what you say, investing in bitcoin is more risky than investing in a bank because bitcoin is never under our control when bitcoin always has a very wide range of changes, the risk is not as fixed as we think and often face unexpected situations, so we always put ourselves at risk every day as long as we hold bitcoin. But even knowing these problems, people still prefer to invest in bitcoin because with uncontrollable changes, it can always generate huge profits, banks can't do that, so taking higher risks when participating is what everyone agrees

yes, Bitcoin has yet to get full responsibility by most governments so investing in bitcoin clearly has a very high risk compared to investing money in banks that already have government attention and responsibility. people who dare to invest their money in bitcoin of course they have to be able to bear all the risks that will be faced, but even so, bitcoin has become a public spotlight for people who use it, because most people believe investing in bitcoin can provide greater benefits in the future compared to the interest earned from the bank. however, investment in bitcoin clearly has a very high risk

Mike Mayor

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Living life is a gamble within itself. Not sure what you trying to prove or say.

Also risking your life and reputation is maybe the way some want to live. It is a rush. People chase rushes. Hell I chase rushes. The feeling you get when you moments away from deat hare ixxilirating.
Just like with crypto, the risk factor attracts me. Risk it all or risk nothing. Go all in. Or like master Yoda says. "Do or do not. no try"

Hemady17

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Activity: 505

Merit: 35

It's just simply a phrase that no risk, no gain. Not just talking to bitcoin but also in life. You know, millionaires doesn't wait for their success they work for it. By working of it, they should put a risk. Well, I'm not concluding that Bitcoin can make you successful, but if you are destined to this then its good. Engaging in bitcoin is probably risky, I should advise that if you're new with this try to educate your self, study how it works and also the risk. Being risky doesn't mean you have a strong personality to engage in everything, sometimes you should embed it by being wise.

klaaas

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Quote from: desticy on June 11, 2019, 01:49:24 PM

It seems to me that the risk of a missed opportunity from abandoning any interaction with bitcoin is a far greater omission than the temporarily falling price and the lost profit.

Its only a loss if you sell it ; ) Indeed, interacting and using is the real value here.

desticy

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Activity: 1512

Merit: 292

www.cd3d.app

It seems to me that the risk of a missed opportunity from abandoning any interaction with bitcoin is a far greater omission than the temporarily falling price and the lost profit.

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