Topic: Is Bitcoin really risky as they say? - page 8. (Read 1454 times)

Bitcoin can be considered as 'anything' by the owner of the coins, either a hedge, a currency or an investment, but the creator of Bitcoin designed it to be electronic cash, i don't think speculation was on Satoshi's mind when he created Bitcoin, so it isn't wrong if one says that Bitcoin should be identified solely as electronic cash in their opinion.

Having said that, Bitcoin doesn't have to serve only a singular purpose, since people have found other use cases for the coin, and all of them together has helped it grow to this level, then i can have no complaint. Bitcoin can be a currency, investment, hedge and many more, thus it is up to the individual to see/use it how they want.

Bitcoin is risky but if it is well understood it is something the risk in it can be managed. The best way to avoid the risk in bitcoin is not to be fast to invest or trade when their is no understanding about Bitcoin. Going into bitcoin investment without knowledge is very risky that can lead to losing all the money that was invested.  The risk in bitcoin is not just about bitcoin,  also investing without having knowledge about wallet and security of wallet and scams is also risky,  these are things beginners needs to know before going into investing. When their is lack of information and knowledge this is when bitcoin becomes so risky.

We live in a wonderful time when, having knowledge, you only need Internet access to earn money, also withdraw it from the exchange. You can even order an online card and order clothes and food for yourself at home. Isn't that amazing? Therefore, I agree with the author of the topic. Of course, with all the knowledge, you also need to be very careful, because you can fall into the trap of hackers. I considered myself cautious and knowledgeable, until in 2019, part of my deposit was stolen from my Jaxx wallet. My friends were amazed - they knew that this wallet is not reliable. Aot I didn't know. In cryptocurrency, such "lessons" are expensive. But the main thing is not to be upset, but to continue saving and studying.

Any investment involves risk because you are investing your money into it in order to make a profit, and I believe that Bitcoin is a high risk investment. Since Bitcoin is volatile, the price can rise and fall at any time, which I like because if the price does not fall, investors can buy it at a high price. Anyone who claims that Bitcoin does not include risk is deceiving people into investing in BTC, which is not the case. Before you introduce someone to Bitcoin, you must inform him of its upside and downsides. or he has not learned anything about BTC and is only hearing people talk about it, which is why it is said Bitcoin did not involve risk.

I tend to agree with the first opinion, but not with the second opinion.
Bitcoin is still risky because bitcoin is a fluctuating asset, but I agree that each user's risk tolerance varies.

You can never generalize everything is the same because in fact the risk of investing in bitcoin is a must. Not only will you lose the value of your investment due to price volatility, but you also have the potential to lose all your assets just because you failed to secure them. So the risks of investing in Bitcoin should not be ignored even if you are 100% sure that it is safe from all forms of threats.

You should right with your opinion, because its obvious that you have to understand the basics things of bitcoin before investment, when you fail to learn or study the regulations of bitcoin properly and you invest, that will make you to venture into the risk which is involve in bitcoin regulations, so what I want you to know concerning bitcoin is that you most know the rules or the rudiments of bitcoin first before you kick off investment, many people who seems bitcoin as a risk are the people who lose in bitcoin and they did not comprehend how the system of bitcoin  works before venturing into it, I can blame then, but what I know in bitcoin transaction is that it needs concentration and it needs more time to study the regulations.

Bitcoin is less risky compared to other coins out there on crypto exchanges, but it is also very risky if you approach bitcoin investment without gaining knowledge about it before you start.

Most of the risk associated with bitcoin is related to a lack of knowledge, which results in the risks involved, which involve losing everything with a single mistake due to a lack of knowledge or understanding on how to handle your bitcoin in your wallet or the risk of leaving your bitcoin in centralized exchanges to control it for you, which you can lose if the exchange gets hacked.

It's a lie when we say that bitcoin does not have any risk at all, that means we are lying because bitcoin has its own risk, but when the importance and advantages anything has over it's demerits, we could say that such risk in it is worth going for, people preferred bitcoin in this present economy because bitcoin offers them what they want and they understood that the advantage is far bigger than the disadvantages if they invested in bitcoin.


Part if the interesting aspects with bitcoin adoption is that it provides different solutions to the people in many ways which serve as part of the reasons why they adopted bitcoin, some for an asset, exchage currency, investment, employability, financial freedom, privacy and trust they wanted with using a decentralized network over the centralized one.

The reason why you consider Bitcoin is an investment and the price is really volatile because you always compare Bitcoin price with fiat where the value is keep declining due to inflation. In Bitcoin it's always 1 BTC = 1 BTC as long as you're not send your coins.

But most of people are like you who think Bitcoin is an investment and interested because of making more money, since people are always look a way to make instant profit, they're started to buy Bitcoin.

It shouldn't be difficult to understand the risks in Bitcoin when everyone already knows about the four-year cycle in Bitcoin so it can make it a little easier for everyone to navigate certain moments through Bitcoin. Because when there are many people who want to wait for profits by relying on a four-year cycle, that means everyone has to be very prepared for risks, even though this still has to be remembered and doesn't mean it has to be forgotten.

Only for this kind of thing I seem to prefer what you say because when everyone knows how to maximize profits by waiting for a certain moment as has happened in a four-year cycle. They should no longer think about risk because they already know how to manage it well in order to achieve their ultimate goal of maximizing profits through Bitcoin.

Bitcoin will not be risky for you only when you are fully focused on it.It is normal that before every good thing there will be many bad things it is bad it is not good it is bad it is not good it does not go with our society etc.People with poor perceptive and evaluative skills, lack of proper understanding of digitalization, etc. will easily say that Bitcoin is a risky system.Ignore the fact that the hawk has taken his ears, put your hand in your ears and see if you have ears You can answer all those people that they were not wrong and at the end of the day you will be successful Finally I can say it is an electronic system because we can't see the electronic system, so we have a problem to distinguish it if we could see it by hand maybe it wouldn't be so much problem and here you are You can earn a lot of income by doing a lot of different things by making different investments etc. when you can do it you will feel that it was never risky Many people try to bully it as gambling etc. and give wrong advice you can invest or work here blindly I believe it as a newbie I will do it in the future because everyone I have seen is in a good position.

Bitcoin is only risky when your patience is low, your mentality is bad, you think new If you don't try to do something, if you listen to bad people, if you don't go to war, if you express your opinion about war, etc., then you have to obey.

There is no investment without risk. Because the price movement is volatile, this makes the profits greater since the risk is great. ÷This is a rule in various types of investment.
I don't understand your opinion on why Bitcoin should not be considered as an investment. This changes nothing from the fact that it is a peer-to-peer electronic cash system. I also believe that considering Bitcoin as an investment is one of the most important factors helping to spread it and increase the adoption of its use, whether by individuals or companies that provide investment services.

In short, Bitcoin or cryptocurrency has a high volatility that will provide rapid price movements.
it is indeed a kind of high risk but can generate a lot of profits and losses, It is just a matter of how one does it right or not.

Lay users or those who do not know fully about Bitcoin, must be given the knowledge that the risks and profits are within reasonable limits.
Because every market has its own risks and advantages.

I even always tell new users who want to enter that Bitcoin or other crypto has a high risk, and must be followed by sufficient basic knowledge in order to avoid these risks.

Op I'll start by saying if you think bitcoin is highly risky then you should try shitcoins. And moreover how does having an asset that gives you greater control and power of self custody  over it can be referred to as higher risk?

Acquire the right knowledge towards bitcoin and invest in a way convenient for you. If you're not a good trader stay away from trading and go for a long term holding with your portfolio. It sucks when people that aren't good traders decides to swim in trading because of the quick profits that they heard can be gained from trading  only to blow their account and starts complaining of how highly risky bitcoin is, stead of owning their mistake of following the wrong approach with their portfolio they blame it on bitcoin.

Bitcoin is a risky investment. But the level of risk is not as high as many people may portray it to be. There is a particular time that the price of Bitcoin will be as stable as because it is consolidating but there's also a particular time within few minutes the price will skyrocket or the price would depreciate so much. So this is where the high riskness comes in. It is better that people are warned and exaggerated to than for them to treat it like nothing.
Which kind is risky and that is why it is advised to use a word" invest with what you can afford to lose. This is the best you can follow to be safe in the market.

Yes, there’s no doubt that it’s risky. And the moment you decide to invest in it without knowledge but only greed, you will increase its risk and you will obviously fall from its trap of losing. A lot of people invest and lose, and decide to quit it for good because they can never overcome and manage the risks. While others have been very lucky with their bitcoin investments, simply because they did a good preparation before they start taking the risk.

Basically, Bitcoin is not a risk, but it is our ways in doing business with Bitcoin that can cause the risk to exist, maybe even higher. This is the same as other things, such as business or other jobs, everything must contain risks. And how we prepare it, implement it, and evaluate it will affect how big the risk is for us.

If we really understand Bitcoin and invest in Bitcoin for the long term, and know the target and when is the right time to buy and then sell, then this will reduce the risk, compared to if we just do it based on desire alone without any thorough preparation. . But that doesn't mean it's zero risk. Because after all, this is a digital world. It could be that something happens to our wallet or we lose various data or devices that connect us with our assets. This is also a risk. But of course, we can act to minimize this risk by being more careful and keeping several backups just in case.

I think the particular set of individuals that bitcoin investment becomes risky for them are the ones that don't actually hoard or hold their coins for long and by that I mean the short term holders and traders who prefer trading and getting off some little profits to their portfolio instead of steadily buying and holding for bitcoin price to actually get high. And also bitcoin investment becomes really risky when you lack proper knowledge of the basic concept of the technology behind it too.

I would definitely not to argue with that, bitcoin is really risky. But if you certainly know how to take risk management and know when to take an edge over bitcoin, then you can easily lessen its risk and maximize its potentials within. Bitcoin is risky and yet its the most profitable and reliable cryptocurrency in the market. If you are fearful with its risks, you will never  be brave enough to have and own bitcoin for yourself.

It is risky just because of the volatile market price, I mean yes you could easily invest in it and probably hold your Bitcoin in the long term but is it guaranteed that the market price is going to skyrocket and we are going to make a lot of money on the Bullrun? cryptocurrency does not really have any proof that it is something you could use as an investment compared to the stock market where you are investing in company stocks, the market would depend on the company value or something like that. But cryptocurrency value is just going to depend on supply and demand in the market, meaning we could easily lose a big amount of money here in the cryptocurrency market even though we know. or do we believe that the market price is going to go back or increase again? do we really know that? I mean market price could drop as low as possible because this is cryptocurrency, The Bitcoin market price could be 100$ tomorrow if something bad happens. That is why it is a risk.