OP is totally talking about the investment perspective so let's keep how bitcoin works and decentralization apart.
Now the answer to your question is yes, it's highly risky depending on the highly volatile nature of Bitcoin, You can't compare it with other assets even though there are other speculative assets out there there is a huge difference in the returns in Bitcoin compare to stock or whatever so from that PoV bitcoin is highly safer choice for long term investment.
Another reason why people call it risky is because they don't really understand what is bitcoin and they just repeat what media and influencers propagate it, now The good thing is that bitcoin is gradually reaching the stage where governments or individual can't take their eyes out in the growth of bitcoin is very short term compared to traditional investments.
So it's just a generational gap difference which means in the future when people understand the potential they surely will regret the missed opportunity such as now so as a forerunner grab the opportunity as much as you can by accumulating bitcoins in your investment portfolio.
Topic: Is Bitcoin really risky as they say? - page 10. (Read 1467 times)
Depends on how much you are invested with. If your monthly income is $5,000. You should not invest more than 10% of that in Crypto or any given asset. That's atleast what I recommend and if you are following that, nothing is really risky. And on the terms of risk, Bitcoin is much safer as compared to other shitcoins that exists in the Crypto market and on smaller exchanges which promises 1000% APY and things like that. You need to stay away from those.
People tend to deny what they don't understand. Therefore, it should not be surprising that many will talk about Bitcoin as a risky asset. But as mentioned above, if you manage your funds properly, then investing in Bitcoin, the amount that is not needed for a certain time, carries almost no risk, since history shows that Bitcoin has always recovered its price and even exceeded it.
But, OP, I'm happy for you that you've gained some knowledge. I would like to hope that you do not lose your vigilance.
Because everything is in your hands.
But, OP, I'm happy for you that you've gained some knowledge. I would like to hope that you do not lose your vigilance.
Because everything is in your hands.
Knowledge is wealth
Of course, Bitcoin is risky. And, despite the fact that the above correctly said that risk is everywhere, it is necessary and important to understand what risks are associated with Bitcoin in order to try to avoid them.
Those who do not understand how risky volatility is, they lose by buying at the peak and selling at the very bottom.
Those who do not understand how risky it is to store their bitcoins in accounts of custodial centralized services lose them when the services go bankrupt or refuse to withdraw bitcoins for spurious reasons.
Those who do not understand the risks of a closed code are faced with the fact that bitcoins are stolen directly from the wallet like Atomic Wallet.
Those who do not understand the risks of compromising a private key lose bitcoins.
Bitcoin is risky, and understanding risks is important to be able to protect yourself from them.
Bitcoin is a peer-to-peer electronic cash system, and as that there is absolutely no risk in it whatsoever. The problem is that some people like to treat bitcoin as something it is not, an investment. As an investment and because bitcoin price is volatile, obviously there are certain risks involved.
Even with the false definition as an investment, whether we can call it risky or not depends on the situation and what you do. For example during a bull run the risks are a lot lower compared to the sideways market where things are uncertain.
It also depends on what money you are investing. For example if you are borrowing money (or generally money that you can't afford to lose) to invest in bitcoin, then the risks are extremely high.
Even with the false definition as an investment, whether we can call it risky or not depends on the situation and what you do. For example during a bull run the risks are a lot lower compared to the sideways market where things are uncertain.
It also depends on what money you are investing. For example if you are borrowing money (or generally money that you can't afford to lose) to invest in bitcoin, then the risks are extremely high.
I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.
If you have Internet, you can search and find good free resources to learn about Bitcoin.https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information.html
https://bitcoincleanup.com/
Mastering Bitcoin book
Bitcoin for beginners (Youtube)
I get it when people say this about other cryptocurrencies, but Bitcoin (BTC) is like the pioneer of all cryptocurrencies, and I don't see it as a gamble anymore.
The only concerns and issues come from the cryptocurrency exchanges, where you're never quite sure if you'll get your money back or not. But Bitcoin itself isn't really that risky.
The only concerns and issues come from the cryptocurrency exchanges, where you're never quite sure if you'll get your money back or not. But Bitcoin itself isn't really that risky.
Logically if you look at the way the fiat devaluates you will agree that bitcoin isn’t at all risky. But looking at its volatility ratio in a short term then we can consider it been risky. A clear example is the fact when you invest a certain amount or bought it at certain price there could be a period that the price might fall due to volatility for close to 4 months without heading back to the initial price, so the risk here is once you invest an amount you needed within that period you will certainly be getting it out at a loss which most people refer to as the risk.
Another thing could be the risk act of how you store your coins, in fact the self custodian ownership method is a huge risk to careless people. So I would say bitcoin protocol itself is less risky if managed well just like the fiat in your bank account
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
All investments are risky depending on how you get into them, some have the mindset that bitcoin can make them rich overnight while other like the bitcoin maximalist that knows what bitcoin truly holds haven been able to get rid of that mindset and if you check online those that still thinks that bitcoin investment is not worth it or still call a scam or honey pot are those that came into the ecosystem thinking that once they purchase a certain amount of bitcoin they would be rich in the next few days probably after they watch some random YouTube video calculating their weekly profits from just holding bitcoin without them fully understanding how the market works.
Quote
This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Aside the forum providing you with rich, detailed and simplified information about bitcoin you can still learn about security and privacy here as well, and as you it has helped you so also it has helped thousands others of forum members.
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.
Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.
I get it when people say this about other cryptocurrencies, but Bitcoin (BTC) is like the pioneer of all cryptocurrencies, and I don't see it as a gamble anymore.
The only concerns and issues come from the cryptocurrency exchanges, where you're never quite sure if you'll get your money back or not. But Bitcoin itself isn't really that risky.
Avoiding taxes isn't easy as you think, remember when we're talk about avoiding tax, we're talk about big sum of money. If you said converting small amount of money through P2P is avoiding tax, it's not because small amount of money isn't even get taxed (though depends on each country laws).
Bitcoin is really risky if you use money that you can't hold for long term and still think centralization is better or can be trusted.
Bitcoin is really risky if you use money that you can't hold for long term and still think centralization is better or can be trusted.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
Bitcoin can be understood from different angles on how it will become beneficial to one.
Bitcoin can be understood from different angles on how it will become beneficial to one.
True, but it's nothing people don't already know.
Either as a store of value(So as to avoid taxes), Investment or means of payment.
Here we can apply the same as before, adding that what I have put in bold is false.
I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.
You can also invest without a 'teacher'.
In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.
Check your grammar and your English. It is not clear what you are saying and it is badly written.
This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
I'm glad the forum has helped you so much. Now I hope it will continue to help you improve your English and express yourself better.
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
If they say Bitcoin is risky, you can ask them which investment has no risks. People with no knowledge about the sector will always spread lies or rumors. In most cases people don't know the difference between Bitcoin and altcoins they assume that cryptos are the same. Just like every other business, investing in Bitcoin has some level of risk. That is why it is important to invest only what you can live without or what you can bear if there is any loss. Quote
This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
The easiest way of avoiding scams is to invest only in Bitcoin, use an open-sourced noncustodial wallet and keep your keys and password safe. Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.
I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.
In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.
This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.
I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.
In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.
This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
Jump to: