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Topic: Does engaging with bitcoins put you at risk? - page 7. (Read 6821 times)

full member
Activity: 1008
Merit: 101
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.
Yes it is reality engaging with bitcoin is nor risk but it is safety, if we will engage with bitcoin it will keep our money safe along with increasing ability, we are living in fast era so we will have to be fast in earning as well so only bitcoin investment is the way to become a fast earner and safe earner, bitcoin gives us certainty and promise of earning with our investment.
sr. member
Activity: 1778
Merit: 309
Every investment needs to take a risk.If your mindset is that if you joined bitcoin to become rich then just quit because its not that easy to do.Success came from hardwork and theres no successful businessman that doesnt take a risk.So everything need to take risk to achieved all you desired and to be successful.

Exactly, every investments has its own risk it’s not like since you invest in bitcoin that you only find risk, success doesn’t always come in a silver platter you may need to walk through bumps to get to where they really want. I don’t see any problems in taking risk as long as the investment that your trying to take risk on is worth it. Bitcoin investment for me is risky in terms of its price not being stable but I don’t mind because investing in bitcoin for me is worth it.
member
Activity: 700
Merit: 10
It is already known to the majoriry of the bitcoin community that the top coin is risky because of its high volatility so you need to learn how to minimize that risk first before using the bitcoin. Educating yourself on how the bitcoin and other cryptocurrency works will help you in managing the risks that associated with them. Newbie investors and traders are the most vulnerable to risk so they have to learn the proper ways of handling any cryptocurrency.
right, the most vulnerable beginners in cryptocurrency become food for whales. with their lack of knowledge, it is easily utilized by controlling the psychology of the beginner trader.

sr. member
Activity: 826
Merit: 256
It is already known to the majoriry of the bitcoin community that the top coin is risky because of its high volatility so you need to learn how to minimize that risk first before using the bitcoin. Educating yourself on how the bitcoin and other cryptocurrency works will help you in managing the risks that associated with them. Newbie investors and traders are the most vulnerable to risk so they have to learn the proper ways of handling any cryptocurrency.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
I will ask you a question, does crossing a street put you at risk? Yes it does, if you crossing highway its much more risky than using a underground passage. With bitcoins is the same, if you take some measures to protect yourself, you will lower the risks. Apply that on every possible life aspect and you will be fine for life my friend.
hero member
Activity: 924
Merit: 502
Any interaction with investments is associated with risks, whether it be investments in stocks, real estate or a crypto market, especially in a crypto market. Such investments can be called highly risky at short distances and a little less risky at long distances.

Everything in this world involving money was really putting us at risk, not just by bitcoin engagement. We're also facing the risk even in physical job, basic task and other activities that involves your presence. That's how life works on our entire lives, so with bitcoin I don't think it always put us at risk because once you knew everything on how to handle it; profit can be ten folds. The potential of having great price of your holdings, is always there to benefit you. All you need is to have wider imagination and big dreams in life as well as courage to face the daily challenge while being part of the risk on bitcoin's journey.
hero member
Activity: 1414
Merit: 516
Yes is a risk because every investment have risks, but i think if doing for long term then we can reduce risk because if price will grow a lot over time we can get a profit.
copper member
Activity: 327
Merit: 0
Yes, getting involved with bitcoin is always risky but to make a profit risk has become natural in crypto. I realize the risk of losing and I have to take the risk to make a profit.
full member
Activity: 1218
Merit: 112
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.
member
Activity: 378
Merit: 10
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, bitcoin is formed based on a form that is used effectively in payment. However, the preeminent features are too safe, anonymous all. over time it is transformed in the form of a speculation. depending on the transaction or investment it still generates certain risks similar to many other business forms. The choice of investment or trade requires plans to achieve profitability.
Everything when entering bitcoin or crypto requires precision and proficiency. A small mistake also costs you.
jr. member
Activity: 378
Merit: 1
Any interaction with investments is associated with risks, whether it be investments in stocks, real estate or a crypto market, especially in a crypto market. Such investments can be called highly risky at short distances and a little less risky at long distances.
Risks are indispensable when we participate and invest in bitcoin because this is a high-value technology and prices can change quickly, misleading investment will make us face risks, not only at these risks, mistakes in security are also a big problem when lost assets are never small, very risky. However, behind these risks are always infinite gold mines and profits, many people have been more successful and developed in life with bitcoin, therefore, taking risks from joining is a psychology that people have prepared very early
sr. member
Activity: 1313
Merit: 278
Any interaction with investments is associated with risks, whether it be investments in stocks, real estate or a crypto market, especially in a crypto market. Such investments can be called highly risky at short distances and a little less risky at long distances.
full member
Activity: 1050
Merit: 100
Physically :- NO

Talking about online things :- For sure yes , you are in a constant danger of loosing all your coins , you can do a mistake and actually loose everything , hackers are very familiar with Bitcoins for sure and we usually see news everyday about how someone lost a fortune .

But the good news is everything is in your hands , you can get a hardware wallet , then you can get extra security , stop going on fishy sites and rechecking transactions every second , enabling Google authentication is something that will for sure benefit you.

right, with extra security as you mentioned can prevent hackers from acting that can harm us. on the other hand we are still faced with risks due to high volatility. but if we still survive until now, of course, it has passed the critical phase in 2018

hero member
Activity: 1890
Merit: 831
Physically :- NO

Talking about online things :- For sure yes , you are in a constant danger of loosing all your coins , you can do a mistake and actually loose everything , hackers are very familiar with Bitcoins for sure and we usually see news everyday about how someone lost a fortune .

But the good news is everything is in your hands , you can get a hardware wallet , then you can get extra security , stop going on fishy sites and rechecking transactions every second , enabling Google authentication is something that will for sure benefit you.
hero member
Activity: 938
Merit: 501
I don't really get what type of risk you are describing over here but if it's financial risk then in a way yes. Actually it depends on how you invest into it and how long you decide to hold your bitcoin. If you would follow the value of bitcoin on CMC you would notice that it is very volatile hence the price changes from time to time. Investing into bitcoin is risky i must be honest but it's always safe to invest an amount you can afford to lose so that it does not become much of a pain if the price declines sharply.
sr. member
Activity: 882
Merit: 251
Is some risk, i think the risk is only if we buy at high and price drop and we need money and sell in a loss then yes is a risk, every investment present a risk. But i think on long term price will increase and we can take a profit.

There is always a lot of risks when you deal with the cryptocurrencies and Bitcoin. The crypto market volatility is the main reason for it. Suppose, you invest much in BTC and alts, and soon, you will urgently need money. If the market is down, you will lose this time.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Bitcoin became an investment suddenly when people sees its value through having no stable price.

And being treated like that, there's a risk and every investment has risk right? the legit ones doesn't even guarantee you profit but with those minimal risks they guarantee but with smallest gain.

Bitcoin being a currency isn't risky, you pay, you send and you receive but treating it as an investment, yes it is risky.
member
Activity: 560
Merit: 13
Bitcoin itself doesn't define risky, it didn't created as a game that anyone can have a 50/50 chance. I think if you're planning to invest here, just make sure that you are willing to lose the money you will invest. That if it lost there will be less regret in our self.
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
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?
Well i do think bitcoin is an asset that are mean for investments , so yes i do put some risk to hold bitcoin while its still not legal in my country and there is also no protection in investing in cryptocurrency.
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