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Topic: Why I've been scared to invest in bitcoin (Read 430 times)

legendary
Activity: 3234
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March 02, 2023, 06:59:46 PM
#76
Based on my understanding about the market, the volatility will continue forever. Maybe over the days on increased usage we'll encounter lower percentage of volatility, but no one could assure on it. The success of the market is its volatility. Getting scared of such market happens around, but the right understanding lets them make use of it as an opportunity.

Out of volatility we'll see our portfolio experiencing big changes in no time. On that we shouldn't be worried, but we should have our focus on how to keep hold of it for the bullish market and benefit out of it. Not everyone able to do it, most people get into panic and intends to sell when the market turns bearish.
hero member
Activity: 2926
Merit: 722
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Only those who are confident in their ability to handle the risk should invest in bitcoin. Those who think investing in it would be too dangerous should refrain from doing so because it is not a free income platform or get rich fast scheme. Speaking of volatility, I don't believe that will occur; I believe it was better that way when it was designed that way. They are afraid because they don't fully comprehend how it works, which is why I was once also terrified but only because I didn't grasp it at the time.
Some fears do arise because they don't really understand how it works and maybe they don't know Bitcoin that well, so the fear of investing in Bitcoin still exists. Even though those who are still afraid to start investing in Bitcoin can find out for themselves about how it works and also want to get to know Bitcoin in more depth. And those who are able to handle investment risks well will continue to invest in the long term.
Even if you do know the basics it wont guarantee out that you wont really that get scared because we are really mainly that focusing that much with our investment which we know that we are really that

afraid on seeing our investment in going negative specially on a market decline.This is why the first thing you should consider is having the acceptance on what you are dealing with, you should be aware about the risk involved because volatility could really act as a double blade on which you could make profits and loses money and it would be depending on the market condition.

Getting scared is normal but once you do get used to it then it would really be just like an ordinary day in speaking about price movements or swings.
hero member
Activity: 1120
Merit: 504
Only those who are confident in their ability to handle the risk should invest in bitcoin. Those who think investing in it would be too dangerous should refrain from doing so because it is not a free income platform or get rich fast scheme. Speaking of volatility, I don't believe that will occur; I believe it was better that way when it was designed that way. They are afraid because they don't fully comprehend how it works, which is why I was once also terrified but only because I didn't grasp it at the time.
Some fears do arise because they don't really understand how it works and maybe they don't know Bitcoin that well, so the fear of investing in Bitcoin still exists. Even though those who are still afraid to start investing in Bitcoin can find out for themselves about how it works and also want to get to know Bitcoin in more depth. And those who are able to handle investment risks well will continue to invest in the long term.
hero member
Activity: 2660
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One of the best rules for making a good investment is to go for something you research and believe will do well now and in the future. If anyone is scared of investing in Bitcoin that person shouldn't force herself into it because it's technically she lacks the needed knowledge to make a profit through her investment in Bitcoin and it's better she invest when she has the needed confidence and knowledge since Bitcoin present great opportunities and risk.
hero member
Activity: 1358
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Leading Crypto Sports Betting & Casino Platform
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?



In my opinion, Bitcoin volatility will decrease by the time until it reaches an acceptable level, just like gold and stock market. The reason is that the marketcap will increase by the time so there will be less possibility to manipulate it, as well as the domain will get more regulations, it might be impossible to regulate all crypto curencies and all over the world, yet I believe regulations will hit hard in the coming years.
hero member
Activity: 2856
Merit: 644
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Fear is something that definitely exists, especially for beginners who still haven't learned the ins and outs of bitcoin, but when it comes to regulatory bodies to help people from anxiety, I don't think it's necessary because it really depends on yourself. This is a place that is indeed at high risk, so even with this condition, we must be aware that in this condition, we must be prepared to lose.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
If the OP is still afraid after fully understanding crypto and bitcoin investments then leaving investment in the crypto sector is quite acceptable. because if the feeling of fear dominates too much then it is feared that when the OP has bought at the current price and it turns out that the price has decreased slightly then because the OP has excessive fear it will make him panic and sell in a loss position. so I think OP really should be able to control these feelings of fear. because fear and greed are always used as certain indicators in crypto trading and it can hurt us if we can't control it. because high volatility will always exist in bitcoin and altcoins.
It will take a lot of courage to start investing in crypto or Bitcoin if we don't have too much extra money to invest with or we only budgeted our salary to make a living, it will be better first to start finding extra Job that can help to fund first the investment before entering in Bitcoin or doing trading. It's too risky to invest only our few money without backup if we know where not that capable yet of understanding how Bitcoin or trading works. Once we have extra budget for it the burden or fear will be lessen knowing that money is allotted for investment.
legendary
Activity: 1862
Merit: 1518
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Fear is natural, but this fear and anxiety should not dominate the Bitcoin investor and trader. There is no profit without taking the risk, and if each of us invests the money, he can lose it; I see that fear will decrease because even if a person loses this money due to market volatility, he will not be disturbed much. As for bitcoin wallets, many user-friendly and easy-to-use wallets have an easy interface on the desktop or the phone, so if you are a beginner and do not know the right wallet for you, I advise you to watch reviews about these wallets on famous YouTube channels or popular blogs to determine the right wallet for you, either Regarding your last question about whether the Bitcoin currency will be immune from volatility in the coming years, this is unlikely because the Bitcoin currency is subject to volatility, regulatory changes, investor sentiment, and trending events.
hero member
Activity: 630
Merit: 611
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Immunity might never come talking about bitcoin because in every investment area volatility is part of the game and yes this is why Bitcoin become popular to all of us because this is what we are believing here lol.

and being scared is normal but if you cannot fight that feeling then better leave this market as you are not for this.
If the OP is still afraid after fully understanding crypto and bitcoin investments then leaving investment in the crypto sector is quite acceptable. because if the feeling of fear dominates too much then it is feared that when the OP has bought at the current price and it turns out that the price has decreased slightly then because the OP has excessive fear it will make him panic and sell in a loss position. so I think OP really should be able to control these feelings of fear. because fear and greed are always used as certain indicators in crypto trading and it can hurt us if we can't control it. because high volatility will always exist in bitcoin and altcoins.
full member
Activity: 2520
Merit: 204
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My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


Immunity might never come talking about bitcoin because in every investment area volatility is part of the game and yes this is why Bitcoin become popular to all of us because this is what we are believing here lol.

and being scared is normal but if you cannot fight that feeling then better leave this market as you are not for this.
legendary
Activity: 2100
Merit: 1042
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


I think the volatility as it stands today does more good than bad for bitcoin. I mean it literally is the reason why huge percentage of profits are gained by a majority of people in a relatively short span of time, at least compared to other forms of investment. As of now, it is also the main driving force that leads people to invest in bitcoin, so I think until we find good monetary use for bitcoin besides being a store of value, we should keep it as it is and not incorporate changes that may mess it up in the future.

Yes, most people invest in bitcoin not because it is decentralized or anonymous but because of its volatility. So if the volatility of bitcoin goes away, I think many people will leave the market. Honestly, in recent years bitcoin has gotten bigger, and its volatility has decreased a lot. That is also the reason many newcomers do not want to invest in bitcoin but only look to altcoins, they accept risks to receive large profits. I really hope bitcoin will keep its volatility, I like such volatility because I can make a big profit. If bitcoin is no longer volatile, I will find another investment instead.
legendary
Activity: 2576
Merit: 1655
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?

Bitcoin is being traded 24x7x365 days, which means that it doesn't have time to close or anything. And with that, it will be very volatile as there are constant buyers and sellers in every exchanges.

So volatility will be part of the ecosystem and I think this is one aspects of BTC that some are scared of because it's risky like you. But there are the majority of investors and traders and speculators who love that and will take advantage of it to make money.

Really up to you whether to invest and embrace that risk, or go for more traditional asset like stocks or gold.
hero member
Activity: 588
Merit: 536
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


Only those who are confident in their ability to handle the risk should invest in bitcoin. Those who think investing in it would be too dangerous should refrain from doing so because it is not a free income platform or get rich fast scheme. Speaking of volatility, I don't believe that will occur; I believe it was better that way when it was designed that way. They are afraid because they don't fully comprehend how it works, which is why I was once also terrified but only because I didn't grasp it at the time.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
If you know that you are scared about Bitcoin investment then you  don't have to disturbe yourself on investing in Bitcoin.
Bitcoin investment is not for everybody and is for people who are ready to take the risk of the market volatility and hold till they make profits and are interested in selling there holdings. I would have adviced you not to be scared but this will affect you in a long way if you invest in Bitcoin and you are afraid of the market not crashing because you don't have much fund and you might need the money for something else. Save your money for something else rather than complaining late.
hero member
Activity: 1750
Merit: 589
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


I think the volatility as it stands today does more good than bad for bitcoin. I mean it literally is the reason why huge percentage of profits are gained by a majority of people in a relatively short span of time, at least compared to other forms of investment. As of now, it is also the main driving force that leads people to invest in bitcoin, so I think until we find good monetary use for bitcoin besides being a store of value, we should keep it as it is and not incorporate changes that may mess it up in the future.
legendary
Activity: 3080
Merit: 1292
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


Please learn the history of Bitcoin price movements to be able to reduce your fear and also the risk of investment is a reasonable thing without risk you will not be able to profitable, therefore you have to learn how to invest that suits you and also only invest with the money you can afford to lose and no one forces you to invest in Bitcoin so you have to do it by knowing everything correctly

If there's no volatility and only profits, I bet all coins that is now circulating in the market is already owned and people start to flock and talk about bitcoin because the investment is only profits with almost no risks at all. But sadly, that's just a fantasy for those newbies or frustrated investors that is scared to invest in bitcoin.

I'm afraid that risk and volatility is always there because we are leaning on a decentralized market, but that's the beauty about it because it's decentralized, therefore, this market is hard to manipulate and selfish governments can't touch it.
newbie
Activity: 9
Merit: 0
I would suggest that investing in any asset, including Bitcoin, should always be done with a long-term perspective and with a thorough understanding of the risks involved. While Bitcoin's price may be volatile in the short term, many investors believe that its underlying technology and potential for growth make it a worthwhile investment in the long run. I think only invest what you can afford to lose.
sr. member
Activity: 1008
Merit: 366
February 28, 2023, 03:53:44 PM
#59
Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared.
That is the game. If people were that smart, then everyone will be making money from this. People are only afraid of things that they can't understand. If you get used to it then it's a piece of cake. How do you think people get mastery over anything? You have to just go with the flow and learn it yourself.
Quote
There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie, though.
Imagine going to work on the first day. You don't get used to anything in an instant. Once you try it, it may seem complicated in the first time. But after sometime, you will get used to it anyway. Those who lacks the desire to explore will never learn and will always depend on other people. And eventually will forget about it. So whatever you learn by yourself, you will remember it no matter what. Even after a long time gap, when you will see it again you will get it instantly. Widen your vision and try to learn it all by yourself. And last thing, Bitcoin is improving every day and evolving. So don't worry about it.

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My question is this, is it possible for bitcoin to be completely immune to volatility in years to come
It is possible in some way, but I doubt it will be the case in the future. People earn profits taking advantage of Bitcoin's volatile nature. But if it does, it will be interesting to see what happens.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
February 28, 2023, 03:08:03 PM
#58
How did you know that people in your country are scared to invest in Bitcoin? Did you survey them all? No way, but if you believe that Bitcoin is banned in your country then you are correct with your assumptions. If not then you shouldn't be scared at all. Bitcoin is a decentralized currency so what you are wishing for, for it to be regulated may not be possible however centralized exchanges, crypto wallets, and others which are related to it are still regulated.

You can just use them and you will be safe from those fraudsters. Lastly, volatility is not a bad thing and the only way to be immune with it is to accept the fact that its status won't change anymore.
hero member
Activity: 2730
Merit: 632
February 28, 2023, 02:51:42 PM
#57
I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally,  I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.

My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?


Immune to volatility? So you do simply means about being that stable? If yes, then we wont really be seeing the popularity and support that we are seeing now as of this moment.Why?
because the community does really prefer on having this way.Excluding out in terms of its usecase or utility which most people is really that interested about its moving price.
Why? this is where we do make money and its normal that people would be loving on earning opportunities or something that could bring them profits and this is why the interest is even more higher aside
from its utility and benefits.Being scared? if you cant bare up moving prices then bitcoin or crypto isnt really for you.
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