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Topic: The Risks and Rewards of Cryptocurrencies - page 14. (Read 5529 times)

hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
So, as you can see I have actually lived the ups and downs of being a bitcoin investor and sometimes it is really good but sometimes it makes you feel bad.
This is our life, most people that has most of his investments in bitcoin can relate to what you have said. I've been into bitcoin investment too for few years and I can say that it's not different from what you just went through.

There's a risk and that risk that we're taking shall be rewarded once the market ripens again. It's hard to see and how it feels when the market tanks but we're ready to endure it.
member
Activity: 516
Merit: 38
Look this is bitcoin and it is volatile, there is nothing you can do about that, the price will sometimes go double even triple of what it is in matter of a month and then one day it will go down 20% in a single day as well, there is really no way of knowing which one will happen so you gotta just hope for the best.

If you can actually live with that then sure go ahead and jump into crypto and do whatever you want, this is a trillion dollar world and you can actually carve a space for yourself here, anyone can. If you fear that you are going to lose money and can't be part of something risky then this is not for you. I have lost a lot of money in crypto but I also made a lot as well so instead of focusing on the bad days (like right now Cheesy.) I focus on the good days which I had plenty of as well.
20% is quite possible, maybe its not common I agree but considering it moves like that in couple days it is disingenuous to say that its rare in daily moves, yeah maybe not daily but quite common in couple days at most. We have seen bitcoin move triple of what it used to be in couple months recently, so if you are lucky than you could make that type of differences.

The point however is that bitcoin make huge movements, it goes up and down in very big numbers and that is something common for us, if you go into a coma and wake up at the end of this summer (say September first) and you see bitcoin at 3 thousand dollars or 30 thousand dollars, would any of them shock you? Would you be "how did this impossible thing happened?" or would you be more like "well its bitcoin, figures". I wouldn't be shocked, it happens in bitcoin.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Look this is bitcoin and it is volatile, there is nothing you can do about that, the price will sometimes go double even triple of what it is in matter of a month and then one day it will go down 20% in a single day as well, there is really no way of knowing which one will happen so you gotta just hope for the best.
20% gains in one day is not a common thing.

The average movement is around 5-10% max and unless some big news makes it into the market we dont see a 20% or more gains. But 20% losses are common specially during any session of selling pressure when bitcoin is getting attacked heavily from opinions of several big names and social media is also making sure to promote these articles. Media is basically a double edged sword, who would both help in pumping and dumping bitcoin. So there you have more of a risky move if you follow them too much.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Exactly.Crypto investment has always been risky but the profit we can reap is really worth the risks.Nobody here can exactly predict the future of crypto so it turns out to be just like gambling but there is more chances of making gains here than in real gambling.As long we never sell our coins when price dumps and continue to hold,still we can make good profits. 
To be fair every single investment has a risk, but one of the biggest problems I see is the mentality of those that enter the market, in other markets people are not really looking to become rich overnight, they are only trying to multiply their capital slowly and methodically but in this market people invest all their money in an unknown coin and the chances they lose their money by taking such a reckless action is very high, or even if they invest in bitcoin they use leverage to try to diminish the time needed to get huge profits not realizing that by doing that they risk losing everything.
Wise investors is not rushing things out, they will stick with the system that they have and will continue to work and enhance the strategy to make more profitable, it's about how quick you multiply your money but how well you understand the risk and how will you act to lessen the chances of losing your money, investment should be understood before taking your decisions.
legendary
Activity: 2996
Merit: 1188
Look this is bitcoin and it is volatile, there is nothing you can do about that, the price will sometimes go double even triple of what it is in matter of a month and then one day it will go down 20% in a single day as well, there is really no way of knowing which one will happen so you gotta just hope for the best.

If you can actually live with that then sure go ahead and jump into crypto and do whatever you want, this is a trillion dollar world and you can actually carve a space for yourself here, anyone can. If you fear that you are going to lose money and can't be part of something risky then this is not for you. I have lost a lot of money in crypto but I also made a lot as well so instead of focusing on the bad days (like right now Cheesy.) I focus on the good days which I had plenty of as well.
full member
Activity: 742
Merit: 144
It's very simple to to understand the volatility keeps the prices of the cryptocurrencies to be risk and the same volatility makes the cryptocurrency to be much more profitable investment.
so that with the enormous risk in the world of crypto the rewards that will be obtained will also be greater as well as the risks that will be obtained. so don't be afraid of the risks when playing in the crypto world because the results are also very promising
It can be profitable if you handle the risk correctly and if you deal the risk with a lot of confidence. The risk and reward on cryptomarket is very high compare to other market, this moves aggressively at a very short period of time yet a huge profit can possibly take home. If you afraid to deal with the risk, then investment might not meant for you.
hero member
Activity: 2828
Merit: 611
Risk has always been part of life. The only way you get any reward is when you take risks. Whether big or small or even mild. Volatility of the cryptocurrency is nothing new. It has been there since its inception. It is well recognized or even generally accepted. As far as the future of cryptocurrency is concerned, things will only get better. More adoptions and reviews will lead to better operation.

That's truly right that "risk has always been part of life" wether we like it or not. There's already a lot of explanation in terms of this subject and it seems some people still afraid or maybe lack of confidence that are willing to take the risks. Cryptocurrencies are a a very risky investment which it may lead us to bankruptcy but if we know how to play with it, then it also comes to a better rewards.

It is not that risky if you know what you're investing on. It is true that risks can be found everywhere not just crypto but there are ways to avoid or reduce it. There are reasons why some people are still hesitant to invest on crypto. Maybe they are not that tech savvy to understand how it works.
There is no business or investment that does not have risk, no matter how certain you are of a particular business, there is always a risk that is attached to it, but what makes successful business men and women survive and succeed amidst the risk is their ability to manage the risk right and control it. Cryptocurrency has lots of risk, even the most reliable one of it which is bitcoin has a very big risk in it, but there are so many ways that one can control the risk involve.

There are so many reasons why we have lots of people that is yet to invest in cryptocurrency. One of it could be what you mentioned here, secondly, we still have lots of people with technological knowledge that has still not entered the crypto market, some lives on average income, and to squeeze out money for investment is quite difficult, and if they have to manage to squeeze out some, they will want to invest in in a business they are completely sure of being able to control the risk in it, not everyone has the ability to control the risk in cryptocurrency.
hero member
Activity: 2996
Merit: 609
I sold an ethereum for $330, and bought back at $335 fearing the price has begun to increase. If I had got the mind to risk, then I could've have had patience and bought back at $300 or if I was good enough to study the market I could've bought at $200. What I missed is the profiting.
I feel your pain buddy. But you should know this that there are people who have been through this and this is not something that only a few people have been experiencing. These "losses" so to speak and common in any speculative market and they are the reasons why people trade on them.

At this point you should just hold your ETH till the price rises above your buying point. Make a decision in your mind whether it is profitable for you to hold ETH or BTC and dont blame yourself for that later on.
Mistakes are inevitable things yet no matter how good we are on analyzing the market with its due behavior which is

very speculative ones then we would still lose up.Waiting for recovery?This doesn't suit out for anyone specially for those people
who don't have much patience on looking up their current holdings.
full member
Activity: 770
Merit: 101
I also think that we are still in the early stages of the crypto market. Although there were many ups and downs, the Rekt periods were serious but I still believe that the crypto market will soon be a decentralized market with a total market capitalization of over trillions of dollars.
You can see, in 2017, there were just over 800 - 900 businesses in the crypto market, but after only one and a half years, the market now has over 2200 coins in operation.
This shows that the spread and extent of Crypto's influence is huge.
In the future, there will be a lot of businesses operating here and we will have a big financial market not unlike the stock market.
sr. member
Activity: 1162
Merit: 258
1xbit.com
It's very simple to to understand the volatility keeps the prices of the cryptocurrencies to be risk and the same volatility makes the cryptocurrency to be much more profitable investment.
so that with the enormous risk in the world of crypto the rewards that will be obtained will also be greater as well as the risks that will be obtained. so don't be afraid of the risks when playing in the crypto world because the results are also very promising
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
That is how we deal in life, no pain no gain. The more risk we do, the more chances we can achieve our future goals. However, we admit or not sometimes we are scared to take the first leap. But because we want a reward, we need to take any risk. There is always something at stake. In most instances, when it comes to your business, you stand to lose money, time and your reputation. Which are also the very same things you stand to gain! The benefits of taking risks will enrich your life and make your business or career much more rewarding.

I disagree with this statement. The more risk we take, the more return we get? C'mon! This is not the case at all. Investing in an ICO that promises 1000% return in one month is very risky, but expecting anything in return is stupid. There are very big chances of losing all your investment, and chances of gaining something are close to zero. Dice game has been never considered a good investment, but even this game is less risky than investing in ICOs promising big returns. I'm not encouraging to play dice in order to earn money, though, because gambling should not be considered as a way of earning money imo.

In short, if we want to be successful with our investment, we should minimize risks, rather than maximize them. Investing in a new rising altcoin may look very promising, but, in fact, what you are doing is throwing away your money, while investing in Bitcoin you are minimizing your risks.
hero member
Activity: 1722
Merit: 528
have thoughts like yours that are needed by bitcoiners today. do not panic when prices decline, because patience is needed to wait for the bullrun to occur. and we are paid dearly to have that patience.

That is what you need to be a great investor and a trader, patience especially if you are dealing with cryptocurrencies.

With the sudden price drops, you can't avoid getting disappointed sometimes. You never know what might happen that is the reason why you just keep calm and just ride the flow. Patience, knowledge, skills and money, that is what you need to become a successful investor or trader. Risk is always there especially cryptocurrencies but the rewards? Man, you will not be disappointed.
hero member
Activity: 2646
Merit: 686
That is how we deal in life, no pain no gain. The more risk we do, the more chances we can achieve our future goals. However, we admit or not sometimes we are scared to take the first leap. But because we want a reward, we need to take any risk. There is always something at stake. In most instances, when it comes to your business, you stand to lose money, time and your reputation. Which are also the very same things you stand to gain! The benefits of taking risks will enrich your life and make your business or career much more rewarding.

@Gibreil you’re correct it’s the same with bitcoins if you dare to buy it on dips, you’ll earn lots of money in the future. There’s no doubt that bitcoin is rewarding in the long run, but in the short term one may see tremendous volatility, hence if one can’t handle such volatility he/she should stay away from it. I have personally experienced lots of benefits from taking risk, and putting money in bitcoins hence I feel it’s more rewarding in comparison to it’s risks.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
I sold an ethereum for $330, and bought back at $335 fearing the price has begun to increase. If I had got the mind to risk, then I could've have had patience and bought back at $300 or if I was good enough to study the market I could've bought at $200. What I missed is the profiting.
I feel your pain buddy. But you should know this that there are people who have been through this and this is not something that only a few people have been experiencing. These "losses" so to speak and common in any speculative market and they are the reasons why people trade on them.

At this point you should just hold your ETH till the price rises above your buying point. Make a decision in your mind whether it is profitable for you to hold ETH or BTC and dont blame yourself for that later on.
member
Activity: 805
Merit: 26
That is how we deal in life, no pain no gain. The more risk we do, the more chances we can achieve our future goals. However, we admit or not sometimes we are scared to take the first leap. But because we want a reward, we need to take any risk. There is always something at stake. In most instances, when it comes to your business, you stand to lose money, time and your reputation. Which are also the very same things you stand to gain! The benefits of taking risks will enrich your life and make your business or career much more rewarding.
hero member
Activity: 3052
Merit: 606
Cryptocurrencies are all have risks and accompanied with high regards as well, though volatility in the market exists still it is worth the support from the crypto community and still crypto currencies are still surviving and getting stronger due to the mass adoption that many people are more interested and invested on crypto market. To succeed in crypto each of us must have patience, timing and most importantly knows how to HOLD. As the saying goes "High risks, Big rewards".

Sometimes trading (and investing in cryptocurrencies also) are compared with gambling, and there is much truth in it. Guys that work with crypto always a risk - even professionals cannot predict the market movements.
Exactly.Crypto investment has always been risky but the profit we can reap is really worth the risks.Nobody here can exactly predict the future of crypto so it turns out to be just like gambling but there is more chances of making gains here than in real gambling.As long we never sell our coins when price dumps and continue to hold,still we can make good profits. 
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
Risks are always part of cryptocurrency. One who has the mind to take risk gets the benefits out of the same. One example for the same is the recent price drop.

I sold an ethereum for $330, and bought back at $335 fearing the price has begun to increase. If I had got the mind to risk, then I could've have had patience and bought back at $300 or if I was good enough to study the market I could've bought at $200. What I missed is the profiting.
legendary
Activity: 2674
Merit: 1048
Everything has risks. It is up to us if we are prepared to face it. There are many risk when you invested in cryptocurrencies because market is very volatile. If we know well what we get into we can minimize those risks. I invested in crypto because I'm more thinking that it will have a great value in the future mostly bitcoin.
If you know how to manage the risk in this high volatility market of cryptocurrency you will less likely to lose a lot. You will be gaining more profit no matter what or where field you are assigned as long as you learned the process of risk management. Crypto market is not that hard to understand as long as you the fundamentals.
Sometimes fundamental things are nothing to do to the price movement of cryptocurrencies especially altcoin or maybe when the bearish market situation. I have several altcoins on my wallet and attend to find the latest update  or the latest new about my assets. When I found interesting new which is mean I have a predict that the token will meet increase price but it was not happen, the price only have stable movement and even the price meet a decreased price, it was horrible things for me. And you will find this kind situation when bearish market, I guess you have passed it a year ago and you have known it.
full member
Activity: 602
Merit: 100
Risk has always been part of life. The only way you get any reward is when you take risks. Whether big or small or even mild. Volatility of the cryptocurrency is nothing new. It has been there since its inception. It is well recognized or even generally accepted. As far as the future of cryptocurrency is concerned, things will only get better. More adoptions and reviews will lead to better operation.

That's truly right that "risk has always been part of life" wether we like it or not. There's already a lot of explanation in terms of this subject and it seems some people still afraid or maybe lack of confidence that are willing to take the risks. Cryptocurrencies are a a very risky investment which it may lead us to bankruptcy but if we know how to play with it, then it also comes to a better rewards.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
I am a person that literally lived the risks and rewards of cryptocurrency in the past couple years, I have been saving up bitcoin and using it for stuff for the past 3 years and so far sometimes when I save bitcoin aside the amount of bitcoin I saved increases however the amount of dollar I have drops because bitcoin price drops so even though I have more bitcoins each and every single day the amount of dollar I have sometimes drops, however at the same time I spend some of it time to time and even though I have spent the bitcoins I saved the amount in dollar looks unchanged even more the next day because bitcoin increases.

So, as you can see I have actually lived the ups and downs of being a bitcoin investor and sometimes it is really good but sometimes it makes you feel bad.
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