Topic: Is Bitcoin really risky as they say? - page 4. (Read 1376 times)

Bitcoin investment is not very risky if you know how to keep it,  Investing in Bitcoin can bring you a lot of money if you hold it for a long time and are patient with it, Bitcoin investment is less risky than trading because if you don't get knowledge on trading, you will losing money anytime but if you have ideas on it he will bring you quick money Trading generates money quickly, but it is more risky than holding your Bitcoin for a long time In my opinion, anyone who invests in Bitcoin will not lose money because they will keep it for long term and they will get huge profit at the end of it, is better someone should hold is Bitcoin then should be trading people that are trading on Bitcoin they have get knowledge on it and they don't care even if they lose because they know definitely they will get profit one day.

Bitcoin does have risks and saying bitcoin has no risks is a wrong opinion. However, if it is said that Bitcoin has a very big risk, to be honest I also don't agree with that opinion. Because even though Bitcoin does have risks, these risks are very minimal and not too big. Especially if before buying bitcoin, study all the knowledge well first. That way I am sure the risk of buying bitcoin will be very minimal.

Bitcoin is indeed a very multipurpose asset. Because it can be used as a store of value, investment asset, and also a means of payment. But if you think bitcoin is a tax-free asset, in my opinion it all depends on the regulations of the government in each country. Because in the country where I live, currently ownership of crypto assets such as bitcoin is taxed. So if you say Bitcoin was bought to avoid taxes, I don't think that opinion can be balanced.

This happens because you might be too hasty and forget the whole process (learning) and go straight to the main point, namely buying, because you can't wait to immediately make or double your money. That way, even though Bitcoin has very minimal risks, if the knowledge is not studied well the results could not be good.

You are correct, I believe, when you said that putting all of your money into bitcoin is like gambling on a subject you don't really understand. However, because bitcoin enables people to save money for the future, you should invest for a long time and sell your coins when the price increases to make a profit. However, you should always keep in mind that even when starting a business, it is not recommended to invest all of your money in it so that you won't encounter difficulties if the business did not succeed. In the same way, investing in bitcoin works similarly; before you do so, make sure you keep in mind that it is an investment and not something you buy and then sell the following day.

The most crucial thing for every person to do is to educate themselves about bitcoin before investing. You will hear a lot of people say that there is risk involved with it or that you should research it before getting involved, and those people are right because they have firsthand knowledge. They also want you to understand before you invest so that, if anything goes wrong after you do, you won't start spreading false information about it to other people. Since many individuals already understand how to manage bitcoin and how to profit from investments in it, despite the fact that certain people will always be opposed to it, many people are still interested in it.

Yes, you are right, to be able to minimize the risks we face, we must have good knowledge about Bitcoin so that we can still handle it if something happens that we don't want, but in my opinion, behind all the risks we face, of course we can make profits as we hope. So before we start with a large amount of investment, we need to get used to small amounts so that we can understand it well and then try with whatever amount we want.

I really agree with what you said "a risk taker is a money maker" but don't forget about those who have the mind of taking risk but still on the losing side, when we take risk we also have to consider luck to be on our side because I don't see someone taking risk and doesn't have that luck with him/her.
And we can never minimize the risk involved in any crypto business, crypto is open to risk, it has to be there. That risk alone makes us to always be on guide should in case anything happens. And the informations we gather sometimes are the ones that put us into higher risk that we're trying to avoid.

A risk taker is a money maker. Bitcoin tends to be risky in all ramifications either you holding (using trusted and secured wallets with strong password in order to avoid penetration by other parties) or trading (which entails the use of technicals analysis, price action and indicators). But the risk can be minimise if you are loaded with the appropriate information (knowledgeable and experienced).

In a nutshell, if you are knowledgeable about bitcoin no matter how risky it is, you can always navigate your way out which will at last be advantageous to you.

It is risky based on many reasons:
 - prone to hacking - this is one reason why people are afraid to hold their Bitcoin
 - volatility/unpredictable price - it means though we believe that Bitcoin price will rise, we are still not sure 100% if that really comes. \
 - use of scam sites/exchanges - we can lose our money anytime if not use reputable and legit sites

Ever since Bitcoin has been known for its high risk but it is manageable if we can deal with it right and really have faith. And most of all, if we have deep knowledge about this.

Bitcoin is risky if you don't know how to keep your wallet safe from bad actors, bitcoin is risky if you are the type that's like freebies if you are the type that like free offers online  it is possible that you will fall victim to scam and lost all your Bitcoin.

The truth is if you lost your bitcoin it is not the fault of the technology, it is your responsibility to make sure that nobody gets to your bitcoin wallet private key, it's meant to be private and that's why it starts with Private, I have been investing in Bitcoin for a very long time and I have also lost some Bitcoin in the process due to my lack of knowledge and till this day I have never for once feel like bitcoin is the problem.

It is those people that don't want to take responsibility in life that always feel like bitcoin is the problem, those type of people hardly do the right things in their life, they are the type of people that will never accept that they are the ones that make mistakes, and they will find someone else to put their blames on, the world is full of such people.

Bitcoin is not risky, people who lacks the understanding about Bitcoin are the one that falsely put the blame on Bitcoin, they sell when they should have bought, and they buy when they should be selling, they also call Bitcoin a scam because they don't understand it.

Investing in Bitcoin is all about preparation to hodl for a long time to make profit,  when their is no preparation to hodl this is when bitcoin becomes very risky. When investors decides to hodl their bitcoin for a long time they are  not risking because they definitely know what they will gain from hodling. Risk taking is something that is uncertain about, that one is not sure what will be the end result of it. But for those who really know bitcoin they don't think of any risk because they are doing the right thing that they are sure of it will be profitable at the end of the investment.

Bitcoin in itself doesn't possess any risk if you are going to be holding Bitcoin for a long period let's say you are prepared to hold your Bitcoin for 5 years it must increase in its value, but if you are looking for quick profits and bug returns profits it then you may fall for scams that will end up taking your money on the long run.
Many of those who see bitcoin as highly risky are because of their lack of knowledge of what bitcoin is and how to manage themselves around it because Bitcoin in itself is self-sufficient enough and will produce a lot of potential results in the long run.

Every investment will definitely have risks. How big the risk is will depend on the individual doing it. Bitcoin can be both high and low risk. Yes, once again, how you prepare yourself to invest in Bitcoin, how you run it, and how you enter and exit, will also have an effect on Bitcoin. Not only that, what is your mental condition and mental readiness to invest will also influence how high the risk is.

If you enter Bitcoin without any preparation in terms of knowledge, finances and also mentally, it means you don't understand Bitcoin, which means it will be really high risk for you. However, when you are ready from various aspects, it will be lower risks. but still, there will be no zero-risk investment, whatever it is, not only Bitcoin, but all investments.

Bitcoin and altcoins are two completely different things. People only look at the protocols, blockchain, rewards, transaction speed, but they forget that bitcoin is the only crypto without a company or a real person behind it. Vitalik is dumping his ETH on investors which is why if you biu ETH or ADA or XRP you finance the company that launched it.

Bitcoin is something that you own 100% without any interference.

That's why bitcoin isn't risky at all. In the long run it goes up and if run scared every time it drops by 5% maybe you shouldn't buy it.

Bitcoin investment needs so much time and patience before you can be able to achieve something positive from it. Sometimes people don't really know how to relate with what they don't know, instead of asking for help or guidance they rather rush into it just because they've seen other people making profit from it. Nothing good comes easy. I still believe that everything we as humans engage in has to do with a lot of risk before we get to our goal.

Even having that type of investment mindset won't ordinarily be a problem if those investing are getting in at demand zone or POI (Point of Interest). If they do, they will instantly be on a winning trade and there won't be any need for that anxiety of losing all that's invested. If anyone is assured of investing $1k and getting instant reward, of course they would do it; even if it means selling their stuff to achieve that. Sadly, no genuine investment is like that.

These are the comfortable investors and most often they're the ones who benefit on the long run from hodling. Not many people think that way anymore as they see Bitcoin investment as a shortcut to wealth. Bitcoin isn't that, only Ponzi is.

I think people sees Bitcoin to be risky because they are not doing the right things.  It is only one who doesn't have a source of income but invest in bitcoin and depending in the investment.  It is someone who invest all they have that will see bitcoin as being very risky but as for people who hold bitcoin and don't depend on bitcoin to make money so fast won't see bitcoin being risky.  Bitcoin is very risky for those who do not understand it, which seems to be be risky because they invest with no understanding. Bitcoin is not risky compare to some altcoins that has no value in the market, but bitcoin is safe to invest.

There are some investors who want to get multiple returns of their invested money overnight, and as a result, they invest all their money and become impatient to make profits, which exposes them to huge losses. And these gambler type investors are the ones who spread negative things. A patient investor who knows about Bitcoin, actually knows when to invest in Bitcoin is risky and when to invest in it is profitable. So those who are impatient and invest thinking Bitcoin is a money making machine may not actually hold Bitcoin in the end. They end their journey and incur losses.

Indeed, knowledge is vital and an edge to everyone who thinks Bitcoin is a scam and unfair. Knowing the risks of trading and turning this into a salient key to keep going and having patience will surely lead you to success.

People have different perspectives on BTC, it differs on their experiences. If you are a first timer, definitely you'll be afraid. But as the time goes by, and you have gained knowledge in BTC, you'll realize that these RISKS are NOT A HINDRANCE, instead these will lead you to brighter opportunities to suceed and learn more.

And I hope, once we get enough knowledge and become a pro with BTC, we should learn to share them to those who also want to enter trading. Always remember, "sharing is caring."

Every asset that is volatile in nature is risky and bitcoin is not an exception. This is the reason there is a general rule for bitcoin investment and  even that of other assets like bonds and stocks that are volatile. The general rule is for you to invest what you are able to lose. This very rule has applied to bitcoin for a very long time, especially when bitcoin was relatively new.
But as time goes, bitcoin has gained more confidence and it has been proven that you can only lose in Bitcoin when you sell at loss. but if you have a very strong hand and hold, bitcoin will definitely reverse to profit unlike altcoins  which might not see another uptrend after a big dip

The essence of bitcoin is not to avoid taxes. Please, if you earn in bitcoin and your country taxes bitcoin earnings and transactions, please pay your tax.

However, for me, I believe Bitcoin is really risky but the weight of risk depends on how much you are capable enough to manage its risk. But I have to agree with you that if bitcoin is risky, altcoins are even riskier as they are. With their pump and dump scheme, at the end of the day what we see is that most of them have turned into dead coins except for those who have established their credibility on the market.

Those who do short-term trading realize that Bitcoin or any other crypto is highly volatile so this would be a good place to make profits.
But that only applies to those who know the science of trading and for those who are beginners, it is not recommended to enter without any knowledge.

Short-term or long-term is a choice of which one is suitable.
Long-term investment will be safer for even beginners because the target price is still quite far away and more relaxed.
But you must know when to enter and when to exit the market.

Mistakes that result in large losses due to a lack of understanding of how they trade or invest and uncontrolled use of capital.
The strategy used will also affect the final result.

Every investment is risky and has different levels of risk.
Bitcoin with high volatility that results in rapid price fluctuations is more risky.