Is Bitcoin such a big risk? - page 2.

Assface16678

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Quote from: MickLichz on September 27, 2020, 08:06:36 PM

Quote from: bimbidingdong on September 27, 2020, 12:27:22 PM

Quote from: ChrisPop on August 30, 2020, 02:22:51 PM

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

Any cryptocurrency is risk. The higher the value of the cryptocurrency, the higher the risk.

Well I would say that crypto currency is not risky the risk will be in entering this industry specially the risk will be higher if someone that has minimal knowledge about crypto currency will start to engage to earn, in short the lower the knowledge and experience the higher risk it is, and remember the value of any cryptocurrency can change from time to time that's why it is more risky for the user if he/she don't know how to deal with the situation.

We cannot escape the risk, like the market of the cryptocurrency is volatile and it's quite hard to become safe with this market, if you think you can't handle having this I think this is not the right choice to go into cryptocurrency all of the risks are there instead you can reduce the risk it's not quite a bad right?
So how you will reduce the risk?
Educate your self
This is the main factors should do to make more awareness about the things happen to your investment and all of the things related to the market.

MickLichz

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Quote from: bimbidingdong on September 27, 2020, 12:27:22 PM

Quote from: ChrisPop on August 30, 2020, 02:22:51 PM

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

Any cryptocurrency is risk. The higher the value of the cryptocurrency, the higher the risk.

Well I would say that crypto currency is not risky the risk will be in entering this industry specially the risk will be higher if someone that has minimal knowledge about crypto currency will start to engage to earn, in short the lower the knowledge and experience the higher risk it is, and remember the value of any cryptocurrency can change from time to time that's why it is more risky for the user if he/she don't know how to deal with the situation.

FlightyPouch

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Quote from: CasGal on September 27, 2020, 12:08:57 PM

Quote from: pankaj1234 on September 27, 2020, 12:26:34 AM

I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.

The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers, who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.

Bitcoin is volatile, we all know that. With the fast changing market, all we got to do is adjust, take oppoetunities and think. Scammers are not scary, volatility is not scary, what you should fear is not having the ability to cope up with the changes and what is happening. If you can't be scammed, scam is not a problem, if you could reduce risks you maximize your profit.

CODE200

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Anything that is unusual or not normal or new for a certain individual can have a sort of risk. Being uninformed or having no prior knowledge about such thing can have also certain risks associated on. Same thing do applies with Bitcoin. If a newbie or someone who do not know anything about Bitcoin will of course be able to face certain risks that is associated on it which includes loss once you do not know on whom and what you were transacting with that you might have get hacked or scammed which will cause you to loose your Bitcoin. Being unsure or not knowledgeable about transactions you do like trading and investing will certainly do also have risks because you do not know what must be done to ensure your Bitcoin. Simply, certain risks associated with Bitcoin are minor and can be manageable if you will let yourself be knowledgeable about it.

Wesleyeric

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One things we should have in mind in all we do all our activities is a risk, the Most important is we should even know that the life we are living is a risk, investing on bitcoin was truly needed, like when we buy some potential coin that will rise tomorrow, It good to take the risk, it keeps us going and have never failed us.

bimbidingdong

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Quote from: ChrisPop on August 30, 2020, 02:22:51 PM

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

Any cryptocurrency is risk. The higher the value of the cryptocurrency, the higher the risk.

CasGal

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Quote from: pankaj1234 on September 27, 2020, 12:26:34 AM

I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.

The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers, who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.

romero121

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Most countries give importance to bitcoin as property rather than a currency. Countries too don't give clear guidelines for taxation of cryptocurrencies. This is where users suffer, because they don't know in what manner to use it. Overcoming all this issues people continue to use bitcoin for the good as well as for bad.

Apart from this large number of scammers and fraudsters making it a source to cheat people is the biggest risk, because even when one has got trapped he/she can't complaint any of the authority. Bitcoin has got risk, if we're little more careful handling it'll be the safe haven for our financial elements.

pankaj1234

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I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.

The cure

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I think saving your money in Bitcoin is riskier, but in this way we can also make a huge profit when the price fluctuates, unlike to fiat the price is stable and the chances of profit is low. For me, it is better to invest them both so that we can be assure our future especially in this times that still no one knows when will be the pandemic ends.

k@suy

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Quote from: TIDOVEE on September 26, 2020, 07:59:09 PM

Sincerely to me, presently, saving you money as bitcoin is still riskier you hang saving it as fiat. Most currency you save as fiat may not only grow as a sure investment if not placed on certain insurance scheme. But most bitcoin are original place on market influence whether on trade or not. Secondly, on thing is sure, no matter the amount I leave in my fiat account. Whether it increases or is stable, the bank is responsible for it and the rate of account hacking is very minimal in fiat than in bitcoin.

When you invest it is literally risky because you have 50/50 percent of warning depending on the project you have invested to and how hardworking you are. It is literally okay to be afraid at first most especially if you are a first timer because the results you are hoping for will be seen months after your investment.

TIDOVEE

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Sincerely to me, presently, saving you money as bitcoin is still riskier you hang saving it as fiat. Most currency you save as fiat may not only grow as a sure investment if not placed on certain insurance scheme. But most bitcoin are original place on market influence whether on trade or not. Secondly, on thing is sure, no matter the amount I leave in my fiat account. Whether it increases or is stable, the bank is responsible for it and the rate of account hacking is very minimal in fiat than in bitcoin.

Kasabus

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Quote from: Initscri on September 26, 2020, 07:16:51 PM

Bitcoin is definitely a risky investment. Hence the saying "only invest what you're willing to lose".

But, at the end of the day, it's at everyone's discretion how much risk they want to keep within their portfolios. While comparing Bitcoin to a high risk stock wouldn't exactly be accurate (since they do operate differently) - the same approach should be taken. A portion in Bitcoin (or high risks stock) is necessary for growth, but the amount you invest should be measured with your comfortability with risk.

Bitcoin is definitely a risky investment but seeing that bitcoin has already build a strong foundation, that risks will consider be nothing once you gain huge profits from it. Every investment has its own risks so if you just sit there and do nothing even if you have all the spare budget to invest, you will find your life worthless by not taking the risks at your own comfort zone.

Initscri

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Bitcoin is definitely a risky investment. Hence the saying "only invest what you're willing to lose".

But, at the end of the day, it's at everyone's discretion how much risk they want to keep within their portfolios. While comparing Bitcoin to a high risk stock wouldn't exactly be accurate (since they do operate differently) - the same approach should be taken. A portion in Bitcoin (or high risks stock) is necessary for growth, but the amount you invest should be measured with your comfortability with risk.

GeorgeJohn

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Quote from: yeamin.rsl on September 24, 2020, 03:36:43 PM

In some points bitcoin is risky such as Technology Reliance,Cybertheft (Cryptocurrency is technology-based, which leaves this investment open to cyberattacks), Limited Use , New Technology (Cryptocurrency is still a very young technology. Bitcoin came about roughly 10 years ago, and it has yet to develop into something solid), Unregulated ( cryptocurrencies are currently unregulated by both governments and central banks).

“Make sure that you diversify your portfolio, only dip your toe into this, and don’t put more into it than you can actually afford to lose,” Jenkin said.

I have no seen any danger or much risky in bitcoin because provided that we are into business, that business is also a risk type, even life we are living is also, if some persons emphasis that bitcoin risk can the person give us five tangible reasons while btc is risk.

zeingrind777

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In my opinion, both have their risks. But I think the bigger risk is when we deposit money in bitcoin because of the extreme price fluctuation. However, with price fluctuations, those of us who save money in bitcoin will get extraordinary profits when the price goes up sharply. this is one of its advantages.

AicecreaME

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Quote from: PhilEilhart on September 24, 2020, 03:41:19 PM

Bitcoin, like other cryptocurrencies, is still beneath improvement. Hence, something totally startling seem happen to it, which perpetually happens at the advancement organize not as it were with financial objects but too with test innovations.

I disagree.

Bitcoin the way it is, is beyond perfection for me already. It is us---the Government who needs improvement, because they still choose to be narrow-minded when it comes to understanding the critical thoughts about cryptocurrency thay will help the entire country to be a better one, to avoid corruption, and to help the Economy, unless they will regulate it and that's no good.

taufik0911

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Quote from: worldofcoins on September 26, 2020, 07:26:25 AM

Quote from: Mr.sprin on September 26, 2020, 04:15:16 AM

All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.

Doesn't make a difference in which stage you decided for speculation there will be consistently danger of losing cash.
Bitcoin is the place where there are fewer odds of losing cash since it has some capability of expanding cost.
You won't lose cash until you become frenzy and sell coins. Simply hold and see the profit

yes the simplest way is to hold and get profit or cut losses and look for other altcoins to cover loss funds
actually there are many ways to perform recovery but still all of them have a very big risk
I think if you are not ready to take the risk you better not participate in any project and secure your money in gold
Fiat money also has a high risk if inflation occurs

worldofcoins

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Quote from: Mr.sprin on September 26, 2020, 04:15:16 AM

All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.

Doesn't make a difference in which stage you decided for speculation there will be consistently danger of losing cash.
Bitcoin is the place where there are fewer odds of losing cash since it has some capability of expanding cost.
You won't lose cash until you become frenzy and sell coins. Simply hold and see the profit

Reatim

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Quote from: Mr.sprin on September 26, 2020, 04:15:16 AM

All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.

Just take time to learn everything first and never be a Noob and greed,because if this 2 comes together then surely you are a lifetime loser.
Investing in crypto is always a Good option but make sure you know the risk and you know when to stop.
never put money in investment that you don't really understand so better be aware of that.

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