Is Bitcoin really risky as they say? - page 3.

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Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

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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.

Before committing an investment there's a lot of things that nee to get considered like a basic understanding how does bitcoin works, what are the concept of it, and possible ways to earn, you will not jump in into an investment without knowing the things you want to invest with. Doing a large amount of investment without prior knowledge is a foolish idea like you are just giving money to other people.

Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
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

You can learn a lot here in the community, just visit the tread you want to learn with, and of course those learning must need to be shared here too, There nothing wrong sharing ideas and to validate our thoughts too.

reagansimms

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Fear occurs due to not having knowledge. Anyone will feel that anything related to money without mastering the knowledge of a trusted place to put their money will be considered the riskiest place even though they realize they can get a lot of profit from it. Bitcoin is also a high-risk investment, but you can also get many benefits from Bitcoin if you are able to master the correct and safe investment procedures. I prefer that new investors who start investing in Bitcoin start by learning all the links to investment procedures so that they don't easily draw negative conclusions about Bitcoin investment.

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Bitcoin has never been risky but seems risky to those who don't know about Bitcoin and have no knowledge of how to use Bitcoin. People who are new to Bitcoin see Bitcoin as high risk, but experienced people disagree with the risk. Bitcoin is always safer than other altcoins. In order to invest in bitcoins one must have knowledge about bitcoins, those who don't know about bitcoins I would say should not invest in bitcoins. But I never recommend anyone to invest all their money in Bitcoin. You can invest 20% of all your money.

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Quote from: zaim7413 on October 18, 2023, 10:38:04 PM

There are benefits, there are also risks, that is what is called investment. Most people view Bitcoin from a negative side because they never know to what extent Bitcoin can enable them to reap big profits as long as they know how to invest safely there.
It's true, Bitcoin investment has high risks, you can lose money overnight due to high volatility, but this risk can be overcome by properly understanding how to invest safely in Bitcoin. The wider development of Bitcoin should open their eyes to the positive side that can be generated from Bitcoin. If there was nothing of value to be gained from investing in Bitcoin, there would be no way Bitcoin would be as popular as it is today.

Actually, not to lose money overnight when investing in Bitcoin is quite easy, everyone just has to apply more patience to themselves and never sell Bitcoin when the price is decreasing. I think that's all that investors who don't want to lose through Bitcoin investment should do, because as has been seen in every cycle, Bitcoin can always increase again and again after experiencing a price decline. So there's no harm in waiting and being patient to see the best price on Bitcoin, but at the moment some people still can't get rid of the panic in their own heads when they see the price drop in Bitcoin.

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There are benefits, there are also risks, that is what is called investment. Most people view Bitcoin from a negative side because they never know to what extent Bitcoin can enable them to reap big profits as long as they know how to invest safely there.
It's true, Bitcoin investment has high risks, you can lose money overnight due to high volatility, but this risk can be overcome by properly understanding how to invest safely in Bitcoin. The wider development of Bitcoin should open their eyes to the positive side that can be generated from Bitcoin. If there was nothing of value to be gained from investing in Bitcoin, there would be no way Bitcoin would be as popular as it is today.

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Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

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

There is some risk in every investment, there is no investment without risk. Anywhere you invest, say Bitcoin or say real estate property, you have to take risks. Yes, but if you invest in Bitcoin, you don't have to take the same amount of Risks that you would take in other sectors when it comes to Bitcoin. After investing you have to take more ricks because the ricks of your wallet security system is more than your investment. If you invest but don't take the security of your wallet seriously, your investment must be logical. But before every investment you must learn, understand and know the investment well. If you invest only on people's words or without research yourself, your investment will definitely be at risk.

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Bitcoin isn't that risky if purchased and kept for long term. The only problem associated with this is where your Bitcoin is been kept.

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Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

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.

Avoid taxe you say? I doubt that is a major consideration for bitcoin investors. Don’t forget that even not having to declare your worth, both in Bitcoin and the asset you hold to your name is considered taxe evasion and that is punishable by law.
I find much people lashing into Bitcoin because of it’s decentralized nature, as a new means of finance and see it for an evolution for the future of finance so, why shouldn’t you! Despite the energy government keeps pulling on citizens of the world, it continues to gain popularity and that to day, there is more to it than being any risky investment.

Those who still get scared have got some inexperienced down times with the currency, are ignorant of it or way too traditional to change. There is a lot that one could benefit from Bitcoin and it’s never an avenue to evade taxes.

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Quote from: Ludmilla_rose1995 on October 11, 2023, 09:32:26 AM

just saving fiat money has a much bigger risk than saving bitcoin, you won't know how much the fiat money you have will be worth in the next few years, but not many people realize that, so far I see people are still afraid to invest in bitcoin, they are afraid because they don't have good knowledge about bitcoin, it's really worrying.

Actually, both are almost the same, we don't know how much they will be worth in the future. I think the best way is to have some sources for our future, we have saving with fiats and also have investments (Bitcoin, Gold, Land, etc). So, when fiats will have no good value in the future, we still have other sources. Don't rely our future with a single thing only, it is better to have some alternatives. I also don't want to rely on Bitcoin only although people assume Bitcoin is safe for the future. I'm sure there will be always something unpredictable in the future. We need to anticipate it with some options.

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Quote from: Baki202 on October 12, 2023, 02:11:40 PM

Even though everyone claims that bitcoin has risk, i only see risk when caution is not taken. However, if you take the proper precautions, it will help keep your money safe out of trying something new. It is better to not try what you don't understand than to be ready to lose money, and if you want a satisfying result, you must be prepared to play by the rules. It is true that all investments carry some risk, but they all carry more risk than themselves. And when the day is over, you will be content. Because when you see the decision some people make towards their assets you will pity them.

I agree with you on taking caution while trading, also to have the knowledge of the type of investment you’re getting into before actually investing in it. This will help brighten up your knowledge about Bitcoin and trading as whole. Ignorance will only be the end of most newbies cause they feel since everyone is talking about it they just want to follow the crowd without proper coaching and learning the basic concepts of crypto. Yes you still have to do your homework if you really what to be on right track in the crypto space. It’s is very much easy to learn now that we have YouTube to help.
There is no business or investment that is less risky than the other, I feel the risk taking is when you finally decide to make the bold step of starting the business. Bitcoin is of no exception, it’s a business of profit and lost. Lack of proper regulation will see your lost in crypto trading if you don’t trade with caution and discipline. One of things that cause this indiscipline is greed, once you start developing this trait in trading it will cost you your money. Some traders had to learn the hard cause of greed, the experience of some traders I’ve made me realize that I need to do my own homework if I want to succeed in the space.

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Quote from: Maslate on September 20, 2023, 03:39:07 PM

I believe all investments have their certain risks, it’s just that bitcoin has higher risks more than others. That is the reason why bitcoin should be dealt with more caution and persistence. Otherwise, if you invest bitcoin as easy as other investments, and don’t even know how to manage the risks and overcome them, you will never be successful with bitcoin. Bitcoin is highly risky but it’s also capable to give you high and satisfying results, and at some point can make your life turns like roller coaster.

Even though everyone claims that bitcoin has risk, i only see risk when caution is not taken. However, if you take the proper precautions, it will help keep your money safe out of trying something new. It is better to not try what you don't understand than to be ready to lose money, and if you want a satisfying result, you must be prepared to play by the rules. It is true that all investments carry some risk, but they all carry more risk than themselves. And when the day is over, you will be content. Because when you see the decision some people make towards their assets you will pity them.

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Quote from: Crypt0Gore on October 11, 2023, 05:18:18 AM

Is there anything that is can bring money that doesn't have any risks? Even starting a business is risky, we are also living on borrowed time, having a heart in us is risky, going to work every blessed day and having to take transport down to work is risky, what is not risky in this life? Nothing.

In every aspect of life there is always risk involved, not only in monetary matters. If you want to cross a busy expressway and you don't take your time to calculate the speed of vehicles before crossing, then the probability of being hit by a speeding vehicle is very high. Same thing applies in bitcoin, anybody that wants to engage in it's trading or investment should have accurate knowledge of how it's done and take into account of the risks involved too, because bitcoin is decentralized and you can't hold anybody responsible for any lose or mistakes.

I can not access my first bitcoin wallet till today because of ignorance. I had some btc in it and after some months when I wanted to sell it, I realized that I have misplaced the sheet of paper where I wrote my passwords and seed phrase. I still look at the btc from time to time in the wallet but I can not access it. So the bottom line for me is to acknowledge the risks involved in anything that I'm doing and try to avoid being a victim of it's consequences.

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Quote from: Ludmilla_rose1995 on October 11, 2023, 09:32:26 AM

Quote from: Franctoshi on September 05, 2023, 11:01:38 AM

Yes, It is undeniable that investment in Bitcoin involves some amount of risk, but when you compare the risk factor which lies in its volatility side, and the benefits that we get from it, Generally, the Benefits outweigh the risks when you take a look at the problem it has come to solve in our society today and therefore it is worth taking an investment risk in BTC because it's minimal even when you compare it with fiat that has inflation risk.

just saving fiat money has a much bigger risk than saving bitcoin, you won't know how much the fiat money you have will be worth in the next few years, but not many people realize that, so far I see people are still afraid to invest in bitcoin, they are afraid because they don't have good knowledge about bitcoin, it's really worrying.

Saving the two money is quite risky but I believe there is a level to the risk level to saving the two currency. One has the ability to accumulate value even when it's value reduces over time when the other depreciation with time because the fiat is just a one way journey of steady decline in the price and value of the currency. Bitcoin however it's different because of its ability to serve as a store of value, 1bitcoin remains 1btc despite the storm and tribulation that encounters it.

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Quote from: Franctoshi on September 05, 2023, 11:01:38 AM

Yes, It is undeniable that investment in Bitcoin involves some amount of risk, but when you compare the risk factor which lies in its volatility side, and the benefits that we get from it, Generally, the Benefits outweigh the risks when you take a look at the problem it has come to solve in our society today and therefore it is worth taking an investment risk in BTC because it's minimal even when you compare it with fiat that has inflation risk.

just saving fiat money has a much bigger risk than saving bitcoin, you won't know how much the fiat money you have will be worth in the next few years, but not many people realize that, so far I see people are still afraid to invest in bitcoin, they are afraid because they don't have good knowledge about bitcoin, it's really worrying.

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Quote from: $crypto$ on October 05, 2023, 06:07:08 AM

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Bitcoin isn't that risky if purchased and kept for long term. The only problem associated with this is where your Bitcoin is been kept.

It should not be stored on the exchange because it will have the same risk, sorry when the exchange has problems or bankruptcy then your assets cannot be withdrawn, maybe some have understood to avoid exchanges as asset storage.

It is safer to choose a hardware wallet to store long-term BTC, and store it well, especially the seed phrase.
Use hot wallets as short-term, because these wallets are also actually vulnerable to hacking if your computer is really compromised, this has happened a lot here.

IMO, the most secure way is a hardware wallet.

I really support the use of hardware wallet when it ces to keeping of Bitcoin for long term purpose. Before I do use exchange to store my crypto saving but thanks to the forum, in which made me know the disadvantages of saving ones Bitcoin there.

You have a very good point, hardwallets are very good but are overrated as if they must only be used for our coins to be safe. Even these days, they could be susceptible to attacks if careless about them. The same goes for other non-custodial wallets as well as they are all safe depending on how we keep them and the size of the money in them. To buttress your point, if anyone doesn't have a big amount to store in addition to storing it for a longer period of time, I see no reason for the hardware wallet, why waste the money?

I distribute my assets in non-custodial wallets aside from hardwallets and I've never had any reason to lose my money till now. I might consider the a hardwallet later after the next bull run, but for now, there is no reason for it.

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Bitcoin only seem not risky for all those who are tech savvy, I am talking about people that get to know about Bitcoin in my surroundings, they get friendly with Bitcoin very fast, compared to those who are not into technology from scratch, lack of knowledge is why many people sees Bitcoin as a risky investment, they don't have a clue what it is that's why they are quick to judge.

Although some things are risky about Bitcoin, starting from keeping your private keys safe, and which wallet to use for the longevity, even how to buy Bitcoin is risky for anyone who doesn't know it, so yes risks are involved, but those who choose to stay away from Bitcoin need to be ask a question, firstly about what they do for living and if there is risks involved in their business or jobs.

Is there anything that is can bring money that doesn't have any risks? Even starting a business is risky, we are also living on borrowed time, having a heart in us is risky, going to work every blessed day and having to take transport down to work is risky, what is not risky in this life? Nothing.

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Quote from: 2Pizza410000BTC on October 10, 2023, 03:39:23 PM

Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
~snip~

Yes of course Bitcoin is risky but it will totally depend on the user. First you invest from the immediate market then hold for a while, after holding the market goes down further and if you sell out of desperation you will lose. If you want to invest in Bitcoin, you must hold it until you make a profit. And especially if the wallet in which you invest is not kept safe then your investment will certainly become risky. To avoid this risk you must keep your wallet seed phrase in a very safe place so that people cannot steal it. If no one can steal then you are safe and bitcoin investment is not risky. To me Bitcoin investment is not risky at all.

Everything about bitcoin is risky but the most risky part of it is not doing back up of your seed phrase because you will not happy to see your bitcoin grow without been able to sell, that's the riskiest part of it. I once did same mistake with my phone that got spoiled and I'm yet to access that phone, it's always better to keep your back up intact and safe in different places.

Above all, bitcoin is not that risky as they use to say, if you understand what you are doing, you will enjoy bitcoin and everything it stand for provided you are not looking got quick money.

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Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

We can't dispel this fact as risk is definitely there...if you don't use good security measures to protect your coins then risk of being hacked will exist, if you use a hot wallet and happen to use a computer to surf the internet the risk of being phished does exist, and the fact the scammers and hackers are out there looking for their next target..risk will always exist.

Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

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.

Store of value to avoid taxes can never be the understanding of store of value, afaik this is in the lines of holding or locking in value to avoid a local currency from further depreciation because of inflation or whatever reasons!!

Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

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.

Agreed.

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Quote from: Kodec5 on September 03, 2023, 07:41:11 AM

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
~snip~

Yes of course Bitcoin is risky but it will totally depend on the user. First you invest from the immediate market then hold for a while, after holding the market goes down further and if you sell out of desperation you will lose. If you want to invest in Bitcoin, you must hold it until you make a profit. And especially if the wallet in which you invest is not kept safe then your investment will certainly become risky. To avoid this risk you must keep your wallet seed phrase in a very safe place so that people cannot steal it. If no one can steal then you are safe and bitcoin investment is not risky. To me Bitcoin investment is not risky at all.

$crypto$

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Quote from: ?? on ??

Bitcoin isn't that risky if purchased and kept for long term. The only problem associated with this is where your Bitcoin is been kept.

It should not be stored on the exchange because it will have the same risk, sorry when the exchange has problems or bankruptcy then your assets cannot be withdrawn, maybe some have understood to avoid exchanges as asset storage.

It is safer to choose a hardware wallet to store long-term BTC, and store it well, especially the seed phrase.
Use hot wallets as short-term, because these wallets are also actually vulnerable to hacking if your computer is really compromised, this has happened a lot here.

IMO, the most secure way is a hardware wallet.

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