Is Bitcoin really risky as they say? - page 9.

nurilham

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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.

Investing in crypto is high risk, including in Bitcoin. We accept it or not but the fact that the volatility is very high. People who have lack knowledge about Bitcoin and don't understand how to invest in Bitcoin properly, will face a big challenge on dealing with the price volatility. However, since we understand the price history of Bitcoin and understand the bearish-bullish time, investing in Bitcoin isn't very risky because we know when the right time for entry (buy) and when the right time for exit (sell). So, I think it is true that Bitcoin is high risk, but we can deal with the risk.

Quote from: Fiatless on September 03, 2023, 07:59:05 AM

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.

It means you accept the fact that Bitcoin investment is risky. But the level of risk on Bitcoin investment and Altcoin investment are different. So, people don't lie if they stated "Bitcoin investment is risky".

Odusko

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Truth be told, everything in life is all about risk and Bitcoin is not an exception to that fact, and More importantly, since Bitcoin is a volatile asset, its risk becomes higher than every other asset in its category, and most of Bitcoin investors are already aware of the risk associated with Bitcoin and that is why we already have a long term goal towards bitcoin in other to be able to properly analyze and take a position with the market.

ololajulo

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I find it difficult to grasp the concerns surrounding Bitcoin's risk compared to other assets. If you have a deep understanding of its four-year cycle and can effectively navigate both bear and bull markets to maximize profits, you can effectively manage the associated risks. No other asset class offers such a well-defined and predictable cycle to plan for and mitigate risks.

BlackHatCoiner

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Yes. You might have your capital devalued by 10% next week. Shit happens in the Bitcoin world, and you have to get used to it. And the fluctuations really define the risk. In the stocks world, if a company loses 5%, investors get crazy. If that happens on Bitcoin, we're happy it didn't go worse.

If you're here for the long-term though, then in my opinion it's safe. Because of history. But is my opinion really worth anything? The hard truth is that no person knows the future of Bitcoin, and anyone who says otherwise is either a billionaire with inside information, or an arrogant who hopes to get retired 20 years sooner.

Kodec5

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Quote from: lovesmayfamilis on September 03, 2023, 09:34:52 AM

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.

Absolutely... I keep on learning everyday

Kodec5

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Quote from: dzungmobile on September 03, 2023, 08:45:32 AM

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.

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)

Thanks brother, I would love to learn more

Kodec5

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Quote from: Don Pedro Dinero on September 03, 2023, 08:07:29 AM

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

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.

Can you please make an emphasy on why it is false?

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

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.
[/quote]

I will work on it, but I think most persons understood what I meant

Coyster

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Being your own bank is somewhat risky and it requires quite a lot of responsibility, Bitcoin is risky because not everyone can safeguard the keys to their funds, this is a reason why quite a lot of people shy away from Bitcoin, they want the responsibility of their money to remain with the banks because they cannot handle that responsibility.

Having said that, Bitcoin as an investment has the risk of volatility, but the risk of Bitcoin as a currency is what i just wrote above, Bitcoin transactions are irreversible, so people know that if their Bitcoins gets lost, they cannot get it back, and this is part of the risk of being your own bank, if we agree that Bitcoin was created most importantly as a currency, this is the risk that its users have to bear.

JunaidAzizi

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

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.

Bitcoin is highly risky as it's a new and volatile asset class and difficult to appreciate to continue its value because of its price which can fluctuate widely. My belief is that bitcoin has high potential and returns a healthy reward but in your case whether or not bitcoin is a good investment is to see your risk tolerance, If you love to take risks and invest in bitcoin then do it but if you do not then skip it and do your investment on some other places where the risk would low because its highly volatile and have no guaranty of going up or down.

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

I am very glad to see that you learned a lot of things from Bitcoin Talk and now you have more knowledge about Bitcoin when and how to buy, I am not sure this is the only potential forum where users take the most benefits from here, I hope you will continue your learning here and also give your knowledge and experience to other newbies and beginners.

Saint-loup

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Quote from: Zaguru12 on September 03, 2023, 08:43:45 AM

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

From which country are you precisely bro? Bitcoin was above 65k$ less than 2years ago, now it is only worth 25k$, that's a -60% drop in USD, which money has lost 60% of its value in dollar during the last 2 years? Bitcoin is a highly volatile and then risky asset that's a fact, every serious trader or people working in finance will tell it to you. And even here serious guys always advice newcomers to only invest what they can afford to lose, nobody would tell that to someone about to invest money in gold.

suzanne5223

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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.

Every investment has its own risk but the risk aspect of Bitcoin investment can be avoided or corrected if have the standard knowledge about cryptocurrency investment and risk management.
Nevertheless, those who see BTC as a high-risk investment are those who lack the perfect understanding of how to use the DCA strategy and 4-year cycle momentum to make a profit from their investment in BTC.

CryptoHeadlineNews

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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.

Truly, Bitcoin is a volatile decentralized digital currency, and as such it's okay for people who have little or no knowledge about it to see it as a high-risk investment, but on the contrary, that doesn't mean people aren't investing in it and making good and reasonable profits out of it. So it's left for you to apply which strategy best applied for you, and by that I mean, Do you wish to own Bitcoin as a asset for long term investment? Or Do you intend to be a short term investor? Or a Day trader.. Because by having a goal, it will help else your stress of worrying whenever the price of Bitcoin fluctuates up or down movement.

BIT-BENDER

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Right now and with how the crypto-currency market has developed into I won't consider Bitcoin risky, this is just my opinion. As we should know by now that every investment has its own risk and also rewards I would say Bitcoin has Little risks compared to other coin in the crypto space.

The adoption level of Bitcoin is continuously growing and the financial benefits Bitcoin has over the traditional financial system would keep it relevant for a very long time, I see a Bitcoin as a good futuristic plan .

Japinat

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The only reason why bitcoin becomes risky is when you are trying to own or achieve it without the basic knowledge about bitcoin. You could have end up losing your money through scams or just by simply buying and selling at a very wrong timing, or when the market is not having a good market entry. However, if you acquire knowledge the you need before buying or investing into bitcoin, you could have done it with caution so won’t fall into its high risk of losing.

BitcoinPanther

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Every investment has their own risk. Bitcoin due to high volatility is considered risky by many people but little that they know that there is a trick to minimize the risk in Bitcoin investment. It is not a secret that holding is the best way to mitigate risk. One proof is by looking at the price history. If we zoom out the price chart, Bitcoin is still in the green zone except for those who invest in the amount above the current price but, Bitcoin history also shows that Bitcoin in every 4 year cycle tend to break it all time high. This means with enough patience and trust to Bitcoin market investor can hit their target selling price.

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

...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.

As a rule, when a person believes that he has fully figured out any issue and is a master of his craft, he makes a fatal mistake, as a result of which he loses his money. So it is necessary to continue to maintain the highest level of security so that your earned money is safe.

isaac_clarke22

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

-
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

Well not "most" people since there are different risk tolerance by people. Some have their bars set too low, some are too high depending on their financial capability. If you're like living the dream like Musk, you might not see it that risky that much since you pretty much have plenty of money in your stash and encountering losses shouldn't prove that much of a problem to you.

Just do your research first before you take anyone's advice in here (how ironic that I am giving advice as well Cheesy

). Everyone in the internet can say anything they wanted,

m2017

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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.

There will always be opposing points of view. Compared to the traditional stock market, bitcoin looks risky. This is a conservative opinion. For progressives, bitcoin doesn't look all that risky, because the stock market also carries considerable risks, and btc represents innovation. It all depends on what angle you look at it all from.

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.

First of all, bitcoin avoids not taxes, but inflation.

Or as a tool that gives financial freedom and independence. Or even to commit illegal actions (we will not deny that btc is sometimes used for these purposes - like any other currency). Everyone uses it in their own way.

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.

Everyone should become his own teacher in this.

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

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

This forum has played an important role (and will continue to play) for many people.

I would say that knowledge allows you to create wealth.

Pandu Geddon

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

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.

However, each investment asset has its own risks. and this risk can be reduced with our knowledge and skills. people have to say Bitcoin is a risky asset, but it helps newbies to be careful when putting their money into Bitcoin. not scare, because if they are interested in investing, they will be looking for more information about Bitcoin and how to overcome the risks.

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

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.

you face one of the risks that come not from the market or from the assets you own. You can also create risks yourself. stay careful and you learn with your experience. Hopefully, all of this helps you in developing your understanding regarding anything related to Bitcoin and your investment assets.

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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.

I also disagree with the fact that bitcoin is being risk. Bitcoin is not risky but the term of investment will tell you the risky level of bitcoin. When you are investing in a long term investment then there is nothing to worry about but when you use short term investment then the probably of losing bitcoin is there. And best way to go about bitcoin investment is long term and not the short term.

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.

The two major ways people use bitcoin are the investment and trading, with these two ways one can make profit from bitcoin. Avoiding tax is not really a good idea. Though you will not pay tax but it might be through the exchange or mining fee.

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

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.

As I said, bitcoin is not risk as others are saying it, but your investment plan determine the risk and not risk.

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

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

Yes forum as help many people in the world.

Topic: Is Bitcoin really risky as they say? - page 9. (Read 1470 times)