Does engaging with bitcoins put you at risk? - page 6.

davis196

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Quote from: DeimunHailstrom on July 13, 2018, 02:55:57 AM

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?

Who is risking his life just to get a handful of money? ;DThis is a ridiculous statement,if you ask me.
I've never been hurt for using bitcoins so far.I don't know what will happen in the future.There's always a risk involved,even when you use fiat money.

wxa7115

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Quote from: emmybd on June 07, 2019, 12:46:50 PM

I believe engaging with bitcoin wouldn't put you at risk, as you can do it relatively anonymously and nobody would know about it. Many people have been doing it without letting others know, so you can too.

While bitcoin is a great technology that you can use without disclosing your identity at the same time since you are completely responsible for your coins and if you lose them it is your fault, then we can safely assume that some of the risks that in the past were the concern of banks are now your responsibility, that is why people say that bitcoin allows you to be your own bank, and if that is the case your risk as a person has increased.

Just to give you an example, if a thief enters your home and steals your computer and you do not have paper backups of your wallets then you will lose all your money something that was not possible before when the bank had the responsibility of taking care of your money.

geegaw

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Quote from: travwill on June 10, 2019, 07:09:54 PM

Quote from: Mig-23 on June 09, 2019, 01:55:21 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

waynechong1995

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Risks is definitely necessary to break status quo, if you aren't rich people and maintain the same attitude on getting what others have you, it's gonna be depressing for the whole life. Bitcoin might no necessarily make you rich on short, but definitely a piece of tech you should learn and embrace the whole ecosystem as we do move forward

travwill

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Quote from: Mig-23 on June 09, 2019, 01:55:21 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.

sulendra12

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I mean put yourself on the internet already put you at big risk, if you know what I am saying :^)
Everything in internet has risk especially Bitcoin when it comes to investment.

Quote from: anodyne on June 09, 2019, 07:55:11 AM

Well for me, not really. Putting someone into risk is also someone's chose. It is also someone's decision whether he or she will put himself/herself into risky situation. All fall on how people will handle thing with the presence of Bitcoins.

Ya, but if you are ready to invest in Bitcoin and then you already agree to face the risk.

omone1

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Because some of certain nation don't understand the technology behind bitcoin, they tend to call it a scam and will sometimes wrongly conclude it as a Ponzi scheme, but most times since they can't just generally control or monitor it, they advise their citizens to deal with caution and at their risk.

Cootie

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Quote from: DeimunHailstrom on July 13, 2018, 02:55:57 AM

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?

In my opinion, It depends on how you be able to acquire one. There many ways to earn cryptocurrency especially bitcoin. You can buy it through an official currency or you can earn it through accomplishing task or offering service in exchange of crypto. The first one, is the risky method. You are risking an amount of capital in exchange of bitcoin. There's the risk because, as we all know, bitcoin is not staying at a low range price change. It is rather reaching a large gap price change in a period of time. Due to that, you have a chance of losing your capital. However the latter, there is still risk but very minimal. Here you can just accept your payment through crypto and use it according to your needs. If you want to trade that's fine. You still earned at whatever price the bitcoin maybe.

coin-investor

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Quote from: DeimunHailstrom on July 13, 2018, 02:55:57 AM

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 if you don't care to take time to study what is Bitcoin how it works and what it will it do to our economy yes you are putting yourself at risk, this is not about just buying Bitcoin but more so on how to protect your coins, how to trade correctly and of course the main goal of having cryp[tocurrency integrating to our society.

anodyne

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Well for me, not really. Putting someone into risk is also someone's chose. It is also someone's decision whether he or she will put himself/herself into risky situation. All fall on how people will handle thing with the presence of Bitcoins.

Cherylstar86

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Quote from: goaldigger on June 09, 2019, 06:23:58 AM

Quote from: DeimunHailstrom on July 13, 2018, 02:55:57 AM

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?

They say that not all things money can buy but we need money for us to live a comfortable life. Those people who put their lives at risks because of money are those people who are greedy enough to do it. Actually, it doesnt matter if its a fiat or crypto. As long as the person is greedy, he will never be contented.

We all know that bitcoin has been acknowledge with liable platform but we have to used money for an urgent matter, because there were times that we need to endure our instant daily necessities. But I believe that those who take risk on crypto coins has their own perspection.

goaldigger

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Quote from: DeimunHailstrom on July 13, 2018, 02:55:57 AM

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?

They say that not all things money can buy but we need money for us to live a comfortable life. Those people who put their lives at risks because of money are those people who are greedy enough to do it. Actually, it doesnt matter if its a fiat or crypto. As long as the person is greedy, he will never be contented.

Moiyah

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Taking a risk is our own choice. My money is involved here when I invest bitcoin and other crypto coins and I was aware that risk is always there. But being a risk taker and have a courage will take you to the next step-the success. We will not step forward if we will not take a risk to invest and to make our money grow.

Mig-23

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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.

Aldrinx00

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I think everything we do in life possess a certain risk especially in putting our money into bitcoin and other cryptocurrency. Well it's up for us to decide whether it's good to buy bitcoin or not not for me buying bitcoin now and holding for long-term would be a wise decision because the next bull run will happen and this will help me and my family achieve financial freedom.

coinluisa

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Engaging in any kind of investment is a risk not only in bitcoin, it's up to people to take that risk. But we know that taking risk sometimes is have good outcome it depends to your strategy and how you manage it

Wellyan

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Quote from: Duzter on June 07, 2019, 04:19:40 PM

Bitcoin is associated with risk in all way, knowing the same we've been a part of the user network. Most of the time the risk of cryptocurrencies is upon the way we make use of it. Expecting big return in short term without any form of input leads users get under the traps of hyips. Same as this each and every form of greed with cryptocurrency without knowing the true value leads the user into risk.

before starting to invest risk also must be known and in my opinion investing with crypto currency has a large risk and in my opinion the greater the risk obtained the greater the benefits

AmoreJaz

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on my end, i dont see myself at risk dealing with bitcoin. if you know what you are doing before you plunge to the unknown, then i believe the risk is out of the question or would be very minimal. i only risk what can i afford. so when things go awry, it doesnt hurt much.

Carreuh

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In my opinion I think joining bitcoin will be at good risk of losing assets or risk being criticized by people who disagree with the existence of bitcoin and most of all, in my opinion, we are at risk of losing our assets because bitcoin does not guarantee the security of assets have it

MFahad

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Quote from: emmybd on June 07, 2019, 12:46:50 PM

I believe engaging with bitcoin wouldn't put you at risk, as you can do it relatively anonymously and nobody would know about it. Many people have been doing it without letting others know, so you can too.

If the bitcoin is illegal in your country then it should be avoided and must not use it. It can create legal complications for you if you are caught using bitcoins. On the other hand, where the bitcoin is legal, there is no harm in engaging in bitcoins as bitcoin is the future. If we manage to gather as many bitcoin as we can, it will really make us millionaire after some years.

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