Topic: knowledge about risks and their types. - page 2. (Read 406 times)
Useful piece of article as it clearly describes about types of risk in brief and there are people who consider these risk to an extend and some exaggerate these risk and end up being idle without taking any steps be it business or job hence apart from the definition we need to learn how to apply these risk in a calculated way in our daily life. People who don't buy even during the dip are real example of the statement which I am trying to convey.
It's clear that knowledge is the basis of anything. Yes, having good knowledge regarding the risks in the crypto space is very important. because, with that, we become more aware and alert to various risks that will be faced in crypto and the economy in general. So whether we like it or not, we have to have good and appropriate risk management. Because, proper and good risk management will help us to avoid various risks that will frequently occur and be encountered. Then, this risk management can also help us in implementing something so that we can minimize losses and can actually optimize the gains. With good and wise risk management, we can be more alert about what decisions we will make next too. So. It won't get any worse.
In any field, knowledge is the main capital to be successful. someone with high knowledge, or mastering a certain field, then they can more easily become successful, by earning a lot of money from their expertise, then the next stage is good financial management, so that the money earned can be used wisely, even can be invested in other fields, so that the money will work on its own, so that we can enjoy it, The knowledge that is mastered must take into account risks and rewards, so that we know what and how it will happen later, this is useful for determining steps to overcome it.The trick is that you should be able to provide a proof of that to people, because if you can do that, while that may take a while, eventually you will grow bigger and bigger, social media and internet allowed us to provide proof that we are doing a lot better and we should consider how we could grow a bit more, and get attention to earn more money.
Risks are the result of what we get and can be greater if we do not know how to handle them. Most people find it difficult to handle the risks and tend to let them go and that causes the risks to become large. If we take the time to learn about risks, we will know how to reduce them.
We can also find out how to prevent the risk from getting bigger. This will ensure that we do not fail and can continue with the plans we have made well. We will also try to always be careful by checking what we have done and our next plans.
As we learn to handle risks more often, we will not worry if the risks get bigger. We can only reduce the risk so that it does not have serious consequences.
We can also find out how to prevent the risk from getting bigger. This will ensure that we do not fail and can continue with the plans we have made well. We will also try to always be careful by checking what we have done and our next plans.
As we learn to handle risks more often, we will not worry if the risks get bigger. We can only reduce the risk so that it does not have serious consequences.
It's clear that knowledge is the basis of anything. Yes, having good knowledge regarding the risks in the crypto space is very important. because, with that, we become more aware and alert to various risks that will be faced in crypto and the economy in general. So whether we like it or not, we have to have good and appropriate risk management. Because, proper and good risk management will help us to avoid various risks that will frequently occur and be encountered. Then, this risk management can also help us in implementing something so that we can minimize losses and can actually optimize the gains. With good and wise risk management, we can be more alert about what decisions we will make next too. So. It won't get any worse.
In any field, knowledge is the main capital to be successful. someone with high knowledge, or mastering a certain field, then they can more easily become successful, by earning a lot of money from their expertise, then the next stage is good financial management, so that the money earned can be used wisely, even can be invested in other fields, so that the money will work on its own, so that we can enjoy it, The knowledge that is mastered must take into account risks and rewards, so that we know what and how it will happen later, this is useful for determining steps to overcome it. 
It's clear that knowledge is the basis of anything. Yes, having good knowledge regarding the risks in the crypto space is very important. because, with that, we become more aware and alert to various risks that will be faced in crypto and the economy in general. So whether we like it or not, we have to have good and appropriate risk management. Because, proper and good risk management will help us to avoid various risks that will frequently occur and be encountered. Then, this risk management can also help us in implementing something so that we can minimize losses and can actually optimize the gains. With good and wise risk management, we can be more alert about what decisions we will make next too. So. It won't get any worse.
I totally agree with your explanation of information, especially it will be very useful for newbies who don't know much about risk. It will be very helpful and useful for newbies. To get anything good we need to manage the risks that come our way, and for that we need to know and understand the risks well. This is a help post, so I think it should be in the Beginners & Help thread.
You are right, as it will also help them to be determined or dedicated to work and also make them to be strong, so without risks in anything we do, I don't think it will be achieve because I have come to understand that nothing beneficial comes with easy way and we can't be successful without going through process or risks and that is why we should also have the knowledge or idea to manage anytime we encounter those risks and know what to do in order to not a victim of circumstances and never forget to always seek help or support from those who are already ahead of us to gain more knowledge.
I was just working on a strategic vision at work today, so a lot of what the op mentioned seems relevant to me now. There are indeed different types of risks and they need to be accounted for. But I'd also add another thing: apart from types of risks, it's important to estimate how bad a risk is and how likely the unfortunate is to happen. For example, if Bitcoin suddenly costs $100 tomorrow, that's of huge negative impact, but the likelihood of that is low. Meanwhile the risk of a massive transaction fee spike till the end of the year can have significant impact if one intends to use Bitcoin at that point, and its likelihood is fairly high.
You are right, as it will also help them to be determined or dedicated to work and also make them to be strong, so without risks in anything we do, I don't think it will be achieve because I have come to understand that nothing beneficial comes with easy way and we can't be successful without going through process or risks and that is why we should also have the knowledge or idea to manage anytime we encounter those risks and know what to do in order to not a victim of circumstances and never forget to always seek help or support from those who are already ahead of us to gain more knowledge.
The process of understanding and managing risk is actually not complicated enough, although it is also not easy enough for a small number of people, especially for beginners who previously had no experience in dealing with any risks. I also quite agree with what the OP has expressed in this discussion topic because it is definitely quite useful for those who want to know some risks and how to manage them well. Because beginners usually also tend to be afraid of facing risks because they still don't understand how to deal with a risk appropriately. 
Thanks for this very informative post!
I agree that many people do not actually know what entails a risk. This results to them encountering huge losses than they would have if they had just learned about risks. In every investment, there’s always a risk associated and to say that all investments would guarantee you a 100% return is crazy. Yes it might be possible but only if you properly manage the risks that will come your way.
I agree that many people do not actually know what entails a risk. This results to them encountering huge losses than they would have if they had just learned about risks. In every investment, there’s always a risk associated and to say that all investments would guarantee you a 100% return is crazy. Yes it might be possible but only if you properly manage the risks that will come your way.
I have come to the realization for a long time about the importance of studying risks in any business so as to prevent loses from the business. No matter how much you claim to understand the intricacies of business, if you don't focus on learning the associated risks and skills towards curtailing such risks, you will have difficult time trying to achieve a successful business career.
Most people are always interested in the results without dedicating enough time to the process. Rather they are more interested in the ambitious business targets they house in their brains.
Risk management courses and seminars also is a good idea for those who don't understand or need better insight in their field. It's just like having to attend and gain certification in HSE safety courses for those who work in the oil and gas or in sectors where the hazard and risk level is high.
Knowing the risk level involved is one step to achieving success.
I totally agree with your explanation of information, especially it will be very useful for newbies who don't know much about risk. It will be very helpful and useful for newbies. To get anything good we need to manage the risks that come our way, and for that we need to know and understand the risks well. This is a help post, so I think it should be in the Beginners & Help thread.
You are right, as it will also help them to be determined or dedicated to work and also make them to be strong, so without risks in anything we do, I don't think it will be achieve because I have come to understand that nothing beneficial comes with easy way and we can't be successful without going through process or risks and that is why we should also have the knowledge or idea to manage anytime we encounter those risks and know what to do in order to not a victim of circumstances and never forget to always seek help or support from those who are already ahead of us to gain more knowledge.
In my opinion there are only two major types of risks the calculated risks and the non calculates or blind risks.
In calculated risks we do some research and the after putting all the efforts and techniques we came to a conclusion that now this trade will make us profits and then we invest. In blink risks we just invest by seeing the hype of a project or by so-called signals group.
You raised a very important point here, we take almost all these types of risks everyday, but taking a calculated risk makes the difference. When taking calculated risks, you take risks that is worth the stress and risks that's worth your reputation being on the line. If you don't take risks that means you're not living because life itself is a big risk. In calculated risks we do some research and the after putting all the efforts and techniques we came to a conclusion that now this trade will make us profits and then we invest. In blink risks we just invest by seeing the hype of a project or by so-called signals group.
Even investing in BTC is a risk because the price is very volatile and you're not sure of the next trend. That's why you make calculated risks in your bitcoin investment by investing with your spare funds and money you can afford to loose, so you would not tamper with your investment until about 4 to 10 years when it must've become profitable.
Man is nothing without taking risks, you take calculated risks and succeed, you become a celebrity, and even if you take good risks and fail, you're still one step ahead of where you were previously and with your experience, you're one step up the ladder of success. Let's keep taking calculated risks!!!..
Thanks for this very informative post!
I agree that many people do not actually know what entails a risk. This results to them encountering huge losses than they would have if they had just learned about risks. In every investment, there’s always a risk associated and to say that all investments would guarantee you a 100% return is crazy. Yes it might be possible but only if you properly manage the risks that will come your way.
I agree that many people do not actually know what entails a risk. This results to them encountering huge losses than they would have if they had just learned about risks. In every investment, there’s always a risk associated and to say that all investments would guarantee you a 100% return is crazy. Yes it might be possible but only if you properly manage the risks that will come your way.
I have come to the realization for a long time about the importance of studying risks in any business so as to prevent loses from the business. No matter how much you claim to understand the intricacies of business, if you don't focus on learning the associated risks and skills towards curtailing such risks, you will have difficult time trying to achieve a successful business career.
Most people are always interested in the results without dedicating enough time to the process. Rather they are more interested in the ambitious business targets they house in their brains.
Thank you for this comprehensive explanation of risks. Risks, of course, include all aspects of economic life, but what concerns us here are the risks related to cryptocurrencies and investing or trading in them in general.
Whether investing or trading in cryptocurrencies contains great risks if there is not much experience and knowledge of how to avoid risks. For example, investing in new projects contains high risks, so you must conduct research with great and careful care and not risk large amounts.
Also in trading there are strategies to reduce risks such as stopping loss, dividing capital, etc. These are important matters that should not be underestimated.
Whether investing or trading in cryptocurrencies contains great risks if there is not much experience and knowledge of how to avoid risks. For example, investing in new projects contains high risks, so you must conduct research with great and careful care and not risk large amounts.
Also in trading there are strategies to reduce risks such as stopping loss, dividing capital, etc. These are important matters that should not be underestimated.
If you can read on strategic risk, I explain that that is why I said sure risk deals with decision making, and in decision making, we are directing to many factors, including analysis, adoption, and assessment, and without these 3 A's, you can’t trade anything in crypto currency's, and I am sure you also know that.
Let's take an instance where you wish not to put stop loss based on your trading. You also know that you are dealing with a higher level of risk and that you are capable of losing all that you have already invested for the purpose of trading. That means you are not at a reputational risk because you have to stake another fund to invest again. Which deals with decision-making because no one makes such decisions for you.
So this is simple science. Just read and direct it based on gambling, crypto trading, and business, and you will find out that all this is self-explanatory.
Among the whole risks you mentioned the one that causes emotions more is the financial risks because literally, every one wants to make profits in any business or investments they choose to venture into and when things ain't going to as planned a lot of people becomes so emotional so in order to be able to manage risks then you must remove emotions because every investment comes with risk so if you are not able to manage your emotions properly then you are most likely to face some challenges along the line.
I didn't know that there are classifications of it and described as how OP did it. To be honest, I don't think people that are taking risk didn't know that they are taking risks. They know for a fact that they do it and they don't mind taking it. In layman's term, it's a gamble of whatever you're taking. Whatever classification you have mentioned and if someone is taking a risk on it, the easiest logic to understand it without being confused is you are taking a gamble.
If you are taking risks without knowing about it nor having learned it then you are definitely gambling. Gambling is just taking chances based on luck and nothing else. No logic whatsoever. There’s no computations either so everything really is pure luck but once you start studying about risks and winning for it then that is when you can say that that is no longer taking it by chance and you have yourself to congratulate.
I can totally agree on reputational risk being the most dangerous or highest risk of them all, it's definitely one of those risk that you've got a hard time getting back into, it doesn't even have a tangible reward too at the surface level, your reputation will just improve but sometimes that's it. I'm a bit confused why you didn't mention that if you failed to do what needs to be done when you've got your reputation at risk that your character and the respect of those around you is going to plummet the most because that's how it works most of the time, people will see you differently when you risk your reputation and depending on your results, it can be positive or a negative one.
Exactly, while we undergo in examining worst risk in an economy sector, reputations has been the most considerate because people would always regard you by your characters and exhibitions, how you trades on transparent and equality without trample to subue others while your interests is just your priority.
Stabilizing a reputable firm can as much cause viral recommendations where everyone wants to have deals with you basically because you can be accounted on.
Thank you for this comprehensive explanation of risks. Risks, of course, include all aspects of economic life, but what concerns us here are the risks related to cryptocurrencies and investing or trading in them in general.
Whether investing or trading in cryptocurrencies contains great risks if there is not much experience and knowledge of how to avoid risks. For example, investing in new projects contains high risks, so you must conduct research with great and careful care and not risk large amounts.
Also in trading there are strategies to reduce risks such as stopping loss, dividing capital, etc. These are important matters that should not be underestimated.
Whether investing or trading in cryptocurrencies contains great risks if there is not much experience and knowledge of how to avoid risks. For example, investing in new projects contains high risks, so you must conduct research with great and careful care and not risk large amounts.
Also in trading there are strategies to reduce risks such as stopping loss, dividing capital, etc. These are important matters that should not be underestimated.
5. Reputational risk: this is a type of risk that is the most dangerous risk that you can ever think of, because with a small mistake you will lose everything. This is a type of risk that is most done by newbies in business, because if the investment that they do crashes or fails, they will lose all their capital or shares that they have already invested in, which is capable of affecting any other business, but it most affects the newbies because there are certain businesses that are included as reputational risk businesses, like importing and exporting of goods, shipping, and many others.
Thank you for sharing this information about risk. Everything we do carries some level of risk, so knowledge and preparation are crucial. I'm particularly interested in reputational risk. You mentioned that a small mistake can have devastating consequences. How can we mitigate this risk, considering that everyone makes mistakes, regardless of their experience? If the stakes are so high, it seems like people would be hesitant to engage in activities that put their reputation on the line.
Actually, no matter where we go or whatever we do, the risk is always there with us, and even in every decision we make, it never goes away. It is also through risk that we are also shaped on how to properly manage the things that are important in our lives.
So, everything you mentioned is correct, and I think that in general terms, we as communities or individuals should learn to handle risks properly when it comes to them, right?
We should accept the fact that risk is part of our life.
So, everything you mentioned is correct, and I think that in general terms, we as communities or individuals should learn to handle risks properly when it comes to them, right?
We should accept the fact that risk is part of our life.
I can totally agree on reputational risk being the most dangerous or highest risk of them all, it's definitely one of those risk that you've got a hard time getting back into, it doesn't even have a tangible reward too at the surface level, your reputation will just improve but sometimes that's it. I'm a bit confused why you didn't mention that if you failed to do what needs to be done when you've got your reputation at risk that your character and the respect of those around you is going to plummet the most because that's how it works most of the time, people will see you differently when you risk your reputation and depending on your results, it can be positive or a negative one.
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