Bitcoin Forum

Risk Characteristics
Will Bates was very good with math and science. He felt he was wasting his time in his college classes. Society's message was that a college degree equaled success, but Will wanted to be able to take a different path to achievement. He had some basic characteristics of a risk taker.

Heightened expectations: This is when a manager has goals that can be unrealistic and unattainable to some, but which the risk taker feels very confident will occur. Will felt the drive to start his own technology business. The product was an advanced computer. He was determined to create the prototype himself and dropped out of college to complete the task. He did all the parts of the product development from design and operations to production and even marketing the final prototype. He eventually realized he needed a support team and hired a basic staff. He treated the staff professionally but demanded excellence.
Constant learning: This is when a manager refuses to rest on his or her past performance. They are always researching, testing and looking to learn. Will viewed life as a constant learning journey. He spent years developing his prototype and now constantly works on new technological improvements of his computer.
Embrace change: A manager who embraces change looks forward to a constant flux of new information and is always trying for improvements. Will was willing to quit college, while his friends were graduating and pursuing a career. He lived close to poverty to develop his computer. He was also willing to change his goals in regards to his company throughout its development. Lastly, he is constantly altering his company's product lines and introducing new technological gadgets.
Trust instincts: Many risk takers make decisions based on both intelligent data and a gut instinct. It's a feeling that they have regarding a decision. It usually isn't the safest decision or the most practical, but it can lead to great risk and success. When Will finished his first prototype, he invested all of his money into launching his business. If the business failed, he would have been destitute. Fortunately, his gut was correct, and his computer was a huge success.

Above are the characteristics one need to be a successful investor,  most folks on this platform need to know life itself is volatile,  non of us knows what will become of us in the next five hours,  i would mortgage my house over and over again to invest on dip BTC i bought for $5230.

This industry belongs to the braveheart and the die hard risk takers

Thanks for such helpful article. You have mentioned all the important traits necessary to be succeed as an investor. I too think it is very essential for crypto folks to keep in mind that this platform is quite volatile.

This post seems to me really helpful and I have got to know about so many things. Well I would agree with you on that true instincts point. Having guts and practical thinking can help in many ways though this platform is unpredictable.

Well done. I think you did a very good job. To gain some thing we need to take risk.

Thanks a lot. It will help beginner like us to invest in cryptos.

My heartiest cordial to you for you opinion.

Your generous comments will help me as well as other to find a right way.

Sure thing buddy. Risk is first step towards earning huge profits in the crypto currencies. Once we jump in we already put risk on us by either having chances of loosing money at scams, at trading and gambling that may go wrong somehow. There are many more risks and these are just examples of it. But those who counte attack these kind of troubles always win lot in this market. ;-)
Hope others will read this and will be motivated to earn more by taking risks.

I was looking for something like this and finally got yours. According to me having the abilities of taking risk is so very important in this crypto field if anyone want to be successful here

1.There is no such thing as risk-free investing
2.Crypto currently (2018) is pure speculation not investing
3.Go for BTC = Bitcoin and ETH = Ether(eum) those are the most prominent and those likely to survive future bear markets. Thus the least risky cryptos. Keep in mind cryptos can crash 70–90% withing months and fluctucate +-20% a day at volatile days. It is a high risk (potentially) high reward strategy.
4.Never invest or speculate money you need ever again. I suggest viewing it as gone and be happy if some is still there or if lucky greater then before.

you cant even imagine what a shift in evaluation (end of us dollar) will mean for the pure consideration what risk and profit is.

There are no risk free investment opportunities in Cryptocurrencies, if you want good returns in long term you can invest in Bitcoin and keep it safe in a cold wallet.

yeah.In any investment there will be risks. Specially in bitcoin which is a high risk investment, the brave ones get the big profits here.The ones that risks huge amounts do get huge profits.The faint-hearted cannot succeed here.

You are right.One should be a die hard risk taker if he/she wants to excel in the crypto industry. Every type of investment involves some risk and bitcoin is the biggest investment asset until now so for sure it is risky. In spite of being risky it can provide people with number of profits and can be fruitful to them. No doubt there is a lot of fluctuation in it's price but still it has the potential of making investments gainful.These fluctuations are a part of it.You just need to be a bit careful about the time when you buy or sell.

this a place where risk is available so we must have the mental strength and stability to deal with this but that doesn't mean you will consider it as a dangerous place where nothing can be possible without taking risk,  :-\ I think by saying this kinds of statements you are misleading investors.

some people consider trading as a gambling so I can't blame you for having this kind of mentality, but the fact is in here you have be wise and hard working it is not like a game where everything depends on your luck,  it depends on your activities but yes because of unstable pieces it is bit risky.

I've never heard of this Will bates. The only Bates that I read about was that sight doctor who thought you can improve eyesight through training. There's also Will Bates the composer and a Bates (Edwin) the inventor. I really have no idea who OP is referring to, but I agree that you need to take the risk. This is still a very unpopular trend and it will take at least 5 more years before we see if it changes the world or not. I think it will and the minimum price in 2-3 years will be 50k USD. We'll see who was right ;)

I don’t consider myself a die hard risk taker. I just followed the basic rule in going into cryptocurrency, invest only what you can afford to lose. Works every time.  :)

Like the term, "no risk no gain", it applies to this market too. If we do not have the mindset to undertake risks, then we will not be able to grow in the market and get higher returns on investment.

true because the crypto world cannot be predicted at all and the results of predictions are sometimes far from reality, therefore we must be prepared to accept the risk if something unexpected happens

Although, cryptocurrency is very volatile, but you can still do it relatively safely. There are a few stable cryptocurrency, if you invest in those then you will be in a bit safe.

there is big difference yet a small distance between taking risks and being stupid!

when it comes to investing, taking risks doesn't mean doing reckless things. it means using your head, analyzing everything, calculate the risks and rewards and then finally take a calculated risk.
what you suggest here is a reckless behavior not a wise choice and it is not risk taking. and it has nothing to do with your title either.

you have to ask yourself this: what if you took a mortgage on your house and bought bitcoin but then price went down and stayed there for a long time or even forever, would you be able to accept a huge loss on the money that wasn't even yours?

I don't quite agree that you need to be a die hard investor all you need to be a smart investor, risk is involved in all investments, this statement of yours is misleading you always just can't take risks and expect to get away with it, you need to invest smartly and have patience to, you just can't jump in hey I'll take big risk I'll make more money, you need to study it, time it.

This discussion will be helpful for the newbies in the crypto market.  It is very necessary to take risk and having control over it by keeping update of all the information about the investment, investing in portfolio and expanding it with profits gained and most importantly, always keeping patience with decision making when it is a bad time, making the right decision in the right moment and executing it properly, i assume.

Yes thats right you need to be a hard risk taker in this cryptocurrency market because here the potential is really good and high compare to other trading markets like Stock market, Forex market, and commodity market. Here the volatile movements are seen often and inrder to gain some good returns you need to take some risk and take the trades accordingly and i would advise you to have contrarian approach trading where taking risk would gain you bigger returns as compare to other trading approaches.

There are many blogger which trying to make good blog about these. But of these you get dilemma. So you should get experienced help too.

Risks have no doubt higher returns, but calculative risk is needed than sheer stupidity. Many people invested their lifetime savings on cryptos and lost everything. That's why taking calculated risk is very important.

risk taker is totally different from being smart and wise . you should both need those three traits in order to become succesful in the industry of cryptos because if you only posses a single trait , i dont think you can go anywhere .

Not only on the field of cryptos but that can also be applicable in other areas or in real life .  much better if you can combine it with other good virtues such patience , hardwork , perseverance , optimistic , etc and so on .

yes,  To become and excel in crypto industries,  one must know how to take risks and do or try different types of crypto investments.  and it indeed has a big chance of generating income.

This is the answer. Taking measured risks, knowing when to get in, when to get out, setting limits, stepping back and re-evaluating positions. Also remember survivorship bias. All those hardcore risk takers that crashed and burned aren't around and don't advertise their failures. There might be 5 for every hardcore winner that you hear about.

the risks you take in cryptocurrency market doesn't have to be high so you don't have to be a "die hard risk taker" as OP is trying to say.

for example by investing a reasonable amount (not all your life savings) in bitcoin while staying away from altcoins you can benefit from that investment while taking smaller risks.

of course when you want higher risks you go to altcoins and pay the price of that higher risk with bigger losses when they get dumped on you.

 We have different style in crypto currency investment, you maybe right we need to take Risk in Investment, but i would say, it is better to be a sound mind investors or a wise investors than "One time Big time". Some expert say just play it by the way you wanted to play never take your Emotion to it, you may end up emotionally beat up if something happen in the market which is not favorable to your investment.

I will take a risk that i can afford. Its high risk market and its much better for me to invest with money that i can afford to lose. But i do believe cryptocurrency is good investment in the future.

these subjects are very delicate, you can easily be misled and do a completely wrong thing in the name of that subject. for example having "patience" is something that i see these days people misuse, and now "risks" is another one.
instead of being an irrational investor you need to start learning what real investors do. those that are currently rich from their investment journey not the gamblers that won the jackpot once. the chance of it happening again is 1 in a million.

To invest in the industry, you must assess your own risk tolerance. I don't recommend borrowing or mortgaging your own house to make investment. It will put you under great pressure, and every mature investor will not do that.

sure predictions differ but it's rarely a massive difference because everything is calculated. and the risk will be there no matter what

This writes up is sure an eye opener. I was taught in school that the higher the risk you can take in life, the more likely you are to succeed in life. The first step towards making it in life is the level of risk you can take. Taking a risk in the world of cryptocurrency is really worth it because the volatility will surely bring profit in the long run.

Yes, that the only way to excel in the crypto space.It all runs on pure prediction and no technicals work here ,its all volume based game and as long as the investors exist in the market ,that market remains strong and vice versa when the big players leave the market.So,I would always hold the positions instead panic and look for getting some enormous returns in the long run, this is how the crypto space works and will be also for years.

To excel in life one has to take the risk not just in the crypto currency space. The high the risk the higher the reward

It is true that without taking risks you can't be successful in crypto space but there is also a thin line between taking risks and stupidity, we need to understand that too. Many people invested their lifetime savings on cryptos and lost everything, which made them deal with depression on a regular basis. That's why taking calculated risk is very important.

This is right you must be a risk taker first before succeeding in different field if you are not a risk taker what will happen into you? you must afraid forever to do something so for now don't afraid to take a risk whatever the result is just accept that thing and you must have a forever what if, what if i try what if i join what will happen instead of asking that idea you must try it by yourself.

I believe the single biggest trait that will determine success is patience. Many people see the bitcoin price falling and panic, not realizing its history of price volatility. I also think investors need to do their due diligence and understand the industry as a whole.

I will not completely agree with this as I think you need to be a risk taker not to excel only in crypto industry but also in real life challenges. Crypto industry has always been volatile so, the main ingredient of becoming successful here should be calculated risk with proper analyzation of data and statistics. Without understanding the market situations, only the fools will decide to take risks.

It is very foolish for anyone to be die hard risk taker as it will only cause problems for him. Rather people need to consider their opportunity cost and then decide to take risk. If someone is interested in crypto market then it is better for him to totally analyze the market and consider what other things he could have invested on rather than investing here and losing everything in future. If the odds are for crypto investment then they definitely should go for it.

Helpful information. Especially for beginners in this industry. The market is really not stable in short, so I keep all the coins in long. Since I hope that in the next couple of years big money will come to the market and as a result, we are getting a good profit!

Well said, i think this kind of information is really helpful in the middle of some information that just focus in the panic sellers and doubtful people. Those characteristic is indeed so important in this crypto world, we have to be ready enough to face all the unstability and be ready to always take a risk once we jumped out in crypto world.
Thank you anyway for this information!

In a risky market how can someone excel without taking risks? This crypto world is highly volatile and the amount of risk is not suitable for them who are afraid of taking risks.

That is the way it has been and we are all getting use to it and most importantly learning to get use to the risk taking is the key

For me, risk taking is good but I think it is not good to be a die hard risk taker to excel in crypto industry. It is okay to take risk to grab a good opportunity but to always take risk is not good. We have to understand first the situation before taking risk.

No risk no gain. Brave and Risk takers often do good here. But they must have to do thorough researches before taking any kinds of risks. Otherwise it will be mess probably.

Yes that is true, you need to take big risk if you want to excel in crypto world because being scared will get you nowhere or being scared will only make you slower to grow in the industry

I think the most interesting part is taking the risks. I have some people who literally enjoy these risks. With a good strategy and risk taking mentality success is almost confirm.

We know that crypto world is uncertain. So if we want to go ahead here we need to take risk. Based on the research and gut instinct we need to make decisions. So if you want to be good at this industry you have to take high risks as well as intelligent. 

Thanks for the post .. its a kind of motivation most especially to the newbies in this industry . It takes brave heart to invest and succeed in Cryptos.

It is a good article which discusses that in entering in cryptocurrency or crypto world or in bitcoin to be specific, you must know that the risk is part of investment and if you take the risk you will probably succeeds and get what you wnated in return or even give more than what you wanted. With bitcoin nothing is impossible you only need to be wise in every stpes or decision you will do.

I think as a risk characteristic I would be probably in a category of a constant learner in crypto industry. I will not stop learning and make improvements slowly to learn basic charts to the history of crypto currency for where it really start.

Yes, I have to agree that sometimes you need to be a risk taker and smart to get involved with cryptocurrency investment to become successful on the goal you need to achieve. You should have to understand that any involvement with regards to investment either be it in stock market or cryptocurrency market, there is always a potential risk involved. I also believe that if a person is equipped with a strong knowledge and familiarization in cryptocurrency, the risk could have been a tolerable risk anymore.

Yeah that’s true. If you want to make profit from this crypto industry you must have to take risks and research the market very deeply.

Its debatable either a risk taker could success or not, when you success in risk taking then all of them will praise you, when you failed they will say you are an idiot, I think risk taker need to be support with good knowledge or good analysis, without that it will be like a pure gambling

Offcouse you right, the crypto currency game is for risk takers, strong minded person that dont care if they loose all their investment in a day because they only invest what they can afford to loose.

I explicitly agree with that as people thinks that this industry gives "easy profits". Well, logically its not that easy as they think wherein it gives them the idea that bitcoin was illegal because of that matter. In fact, we really need to exert efforts with full geared of braveness to be prepared whatever the occurrence will it be if we're totally aiming for success.

This is so true bruh...if you really can take this huge risk of investing into cryptocurrency and having the patience to observe the market trends even if it seems like you are losing. Crypto investments are full of ups and downs but no matter what you have to stay on your feet.

Well you have to be a thinking risk taker as well since plain risk taking without something to back it up is just gambling. Those that have been successful in crypto aren't afraid to take risks but aren't foolish as well to make useless decisions.

Very informative article. Credits to the owner. Yeah you should set to your mind that die hard risk taker is essential to the world of crypto specially if you don't have any strong connections with regards to trading and investing.

Well, you have illuminated the serious aspects of the trading in crypto industry, these statements can be good for the beginneres that are scared of investing in bitcoin, investing in bitcoin demands research on bitcoin's market but these fear people only discuss the current stage of bitcoin prices instead of discussing their price' history and that's why they find crypto market horrible by means of investing.

I presume OP is talking about Bill Gates... right? Bill Gates was not a risk taker, he was a thief... who stole other people's

ideas and took the credit for it.  ::) In any way, in this game you need a pair of iron balls to survive the risks that come with

an investment in Crypto currencies. When the value of Bitcoin drop with 50%+ in a few days, you will have to be very strong,

not to panic and not to sell. Only the biggest risk takers win in this game.  ;D

Every investment you make risk, is involved. However, to die hard in crypto to excel is a big no... no... invest only what you can afford to lose and no need to punish yourself everyday.

impressive article and at the same time very much helpful too because you have highlighted those important which is necessary for investment and become successful.

It does have risk even if you graduate your college degree but I wouldn't sell our house for BTC. I'd rather for work for it. I doesn't matter how much BTC I can get but the house I live in for a very long time is much important. I can risk all the things I will be earning in the future but not the house that has all the memories. I can work 8 days a week and the extra can go for investment that's just the risk I can give to invest in crypto.

Yes, the crypto industry is too risky. And it's only for those who are brave and take risks because if you do not brave risk you will always fear and that will make you make the wrong decision.

Thanks, it was a typo error. I was referring to bill gates,
Thief or no thief, he had the guts to employ, trust and invest on whom ever he employed to steal their ideas.
Dropping outta college alone here in Africa is suicidal..

I ain't letting go off my BTCs till it hit $100k

Trade in and investment in crypto-currencies can bring high profits. But when there is high volatility in the market,  and everyone is trying to give you advice when and what to buy, you should be extremely cautious.

Yes, you right. and i believe the more you take risk the more you will gain but the condition is you must have knowledge on the investment source and also maintain the timing.

In order to invest in the crypto market first you need to acquire knowledge about the market and also need to learn how to take risk and earn more profit.

investing and joining bounties is a risk taker in the cryptocurrency industry.Because these are people are tend to invest their money for exchange in cryptos and bounty hunters invest their time and effort upon joining in bounty campaigns.To be excel on everything in this world,it should have the guts and courage to make an investment.

Your comment is so irrelevant to the topic..
Why spamming cuz of points??

For sure and that's what people are not getting it. In this ecosystem of cryptos, you can't just invest but also be a die hard risk taker in it to earn more from the market.

You don't need to be die hard on bitcoin to excel in crypto industry because in crypto what we need is strategy and knowledge about crypto.  Self study is good to know more about cryptocurrency.

The crypto markets had suffered 90% losses multiple times in the past. The only real risk is that you held dead coins that never came back. As for the ones that are still here after four years, their prices are a lot higher than four years ago.

I think all investments are the same, you have to take a high risk to be able to achieve great success. Many other successful investors have a very good investment instinct, and I believe that this is not simply personal luck, of course, when there is a personal instinct you need to be brave enough to make a decision.

Sure. All investments come with risks so as cryptocurrency business too. You have to have the courage of taking risks in cryptocurrency industry before you can make it and enjoy. Everything in life is risk.

I agree.
This cryptocurrency market is not for the fearful  or faint hearted.
Cryptocurrency is for risk takers.....take a look at the current market position, coins that were going for $10 link ont and wan are now less than $1.
A faint hearted and fearful investor will have a hard time trying to endure the loss.

Well,  cryptocurrency is not for fearful people  who dumps their investment at a little FUD.  You have to be a risk taker   to make money, every business  is risky, not only cryptocurrency. Any business that gives good money comes with a big risk too.. So one  has to be a  strong risk taker to make money generally.

A risk taker is sure to become wealthy, An investment in Bitcoin is still an investment that worth it in all ramification as the community is still emerging, the present dip gives opportunity for us as a risk taker to acquire BTC.

genuine on the grounds that the crypto world can't be anticipated at all and the after effects of expectations are once in a while a long way from the real world, hence we should be set up to acknowledge the hazard if something surprising happens

Right.In cryptocurrency  industry,you really need to take more risks as is it your only way to make big achievements possible.If not,it means you are not doing what it takes to be a successful crypto investor because you cannot overcome your fears and you chose not to believe in crypto even if others are already becoming a die hard risk takers just to excel in crypto industry.

Risk is prevalent in every sphere of life and business. Even when some would say that calculated risk is preferably better, but there are risks that are detrimental to the health of every venture. I will advise us to always weigh the risks, and look for possible alternatives. Though this crypto business is risk personified.

Since I decided to take part in Bitcoin, I knew it was risky. But not so that I fear to lose my chance. Thanks for your article gave me motivation on this thorny road. Thanks very much!

It is true that in order to shine in crypto world we need to take risk but it is also true that if we take risk in wrong time it will rune everything.

I would call cryptocurrencies a way of investment without risks, because investing in a technology that is in its infancy is a great chance and a justified risk

In the world of crypto you must take a risk to gain and fully understand what's all about. You cannot gain something without trying even once.

You are absolutely correct. Anyone that is chicken hearted cannot come near the crypto field let alone succeeding in it. To excel in crypto, you must be ready for any risk no matter how it comes.

Yes...I very much agree with you.
If you aren't a die hard rish taker, then you aren't fit to invest in cryptocurrency  why because nobody knows what's going to become of the price of the token one is trading. Crypto market price is unpredictable.

I wouldn't really conquer with that, yeah there happen to be risks involved In trading,but it's not solely about the risks..
There are techniques that are far more important than the inherent risks and when those techniques are put into play it reduces the resultant risks involved..

It's always important to work smart while trading

I disagree completely with this, in order to become an investor you need to be willing to take the risk that is true, but the ones that become the most successful are the ones that can manage that risk to tolerable levels, the person that invest all his savings in an ico is going to go broke in a few weeks, you need to be able to measure the risk of each investment and only take those that offer a good reward for the risk that you are taking.

In as much as I agree with your assertion , I also think that this topic is debatable.
It is true that  the risk takers make it big in the crypto business but a greedy risk taker could end up loosing his capital ,so also a risk taker that easily gets paranoid because of market downward trend.
So it takes only a risk taker who have the basic knowledge of the workings of Cryptocurrency market , who is not greedy and doesn't follow the crowd to pull it in Cryptocurrency business.

I believe the single biggest trait that will determine success is patience. Many people see the bitcoin price falling and panic, not realizing its history of price volatility. I also think investors need to do their due diligence and understand the industry as a whole.

I agree with you. Only risk takers can excel in any form of investment. Despite the fact that the level of risk in cryptocurrency is high some people take this risk and reap great benefits. It is advisable though that one should only take calculated risk.

You are right, if you constantly develop without risk and in a comfortable environment, you are unlikely to achieve great success. Therefore, investing in bitcoin is a risky activity, but it can bring real profit, and this is confirmed by real stories today.

I think that any way to earn big money is accompanied by a certain risk. And bitcoin is proof of that. You can lose your money, but you can also make a very solid profit. And only you can decide whether you are willing to take this risk or not.

I think bitcoin is worth the risk. This risk can be justified and you will make a profit, but also, this may not happen. But it's worth it, because bitcoin will not only allow you to earn, it is also very interesting and exciting.

Its true that cryptocurrency market is high risk market and investment. But i am confident cryptocurrency will keep survive because its a technology and i am believe our economic system will adopting bitcoin system

The risk of investment and crypto trading is very high. but you are right all of that will be worthed if you are smart in managing that risk. such as skills, knowledge, patience and of course courage. You really need that in crypto investment dude. so you can excel in this industry

Interesting and inspirational story. If you really want to earn a good profit in bitcoin taking risk is present. There are times that you may failed but that failure will make you more strong and  do everything  just to become successful. We all know that bitcoin is risky  so we need to learn it first  , never stop on learning  because it will make you more positive.

Basically, one should be a risk taker and that should be taken into consideration that despite the very risky nature, then you also have to deal it being a risk taker. But in the end, you will really be rich if you know what exactly you are doing.

I agree. Who is at risk, he can achieve great things. After all, we all know that the higher the risks, the more likely to get a good result. So taking risks is not always a bad thing.

Exactly, taking risk must also full with consideration, when you want to take a risk you need to be able to speculate the outcome, you need to measure whether the risk is worth with the result or not, so I agree sometime we need to take a risk to be able to success, but we also need to be smart when we want to take the risk

there is hardly any known public figure or successful businessman that is not known for being persistent as it is one of the vital qualities of success. i will prefer to replace the "die hard" phrase will being persistent. in the crypto space, being persistent is the key to success as nothing is under any form of guaranty

Now the market is very difficult, but I'm confident that in the medium term things will change for the better. Stick in what you believe and one day you'll be happy to have done it!

Yes that is right. The full thought has been in the title. Eveything in crypto is risky. Its price is unstable so it may go up and worst go down. Even being a bounty hunter now is risky since most projects are scam or legit projects are not reaching its softcap or hardcap so there will no payment. In trading, we must carefully choose the coin we are buying because it is a bad coin we cget nothing. But in order to earn we must take all that risk.

Bitcoin is decentralized so investing in bitcoin or even being a bounty hunter, in addition to large capital must also have adequate knowledge and be responsible for all actions and choices

It is hard to determine now the scam and legit ones in cryptocurrency because those scammers are getting better and even if there are cases when there is an obvious scam, some are still willing to join that's why they don't stop even if they are busted and they would just create another project because there would always be people who are risk taker.

There is even a project now that is like bitconnect and now people are getting excited again not learning their lesson. There are so many who are warning them that it is Bitconnect 2.0 but still, so many are getting involved with it taking the risk.

Good morning folks, let me share a little knowledge of mine on this topic, the crypto world it's a volatile one and before anyone invest his or her coin on any transactions, the person must have passion or enthusiastic about it because if you don't have passion i don't see any reason why you should be investing in such because passion involves you taking risk to excel in the crypto industry, or on the other hand you might not need to be a die hard risk taker to excel in the crypto world, it might just be following the simple rules and also being smart and talented or gifted in crypto world.

Invest the money which you are afford to loose, that is the bottom line in crypto investments. The market will be volatile until the usage of cryptocurrencies is spread worldwide. Dont just invest to make profit, understand the technology and implement it.

this article is very inspiring, every successful business has a risk taker backing its objectives, in the same vein, for one to excel in this crypto space, one must possess the risk taking phenomenon, must see possibilities where others sees impossibilities.

Its true that we should be die hard risk taker if we want to survive in cryptomarket. Its because we know that cryptocurrency not regulated in most country in the world and many people still thinking crypto is a buble

Well it is indeed a helpful thread for the readers. What have stated was an essential characteristics of a successful person. You really need to take a huge risk in order to gain what you desired. However always keep in mind that in cryptocurrency it is a little bit different in other business because it is volatile and not that stable compare to others.

Risks are all around us, it's better to acknowledge this fact and be aware on how to handle such hard situations. Investment requires knowledge and skills. Don't put all assets in one basket, learn to diversify. Doing so can help reduce the level of risks and big losses. Market is very unpredictable, and are not always easy to read. It is vital therefore that we develop the knowledge necessary to execute effective trades and interpret the way in which the markets are likely to move, which requires hard work, effort and a great deal of trial and error when you first start out.

Wow such great words from you OP, I know that taking risk would have attained only two options and that is to be successful or you will going to lose in the way of taking the risk. So, If I were to decide it will be good to be in the middle of it. I do not want to risk all of my resources in this high risk investment.

The experiences in the life of a typical cryptocurrency enthusiast is no joke. There are a lot ups and downs   in the crypto market and it takes a person with a strong heart to stand the issued that comes with all these problems. Life is all about taking risks to be able to succeed.

It is risky to invest money in any area, not only in cryptocurrency. Investing is always a risky business and not everyone will have enough nerves to engage in such a thing. But in fact, we all someday risk in our lives ;)

Amazing write-up. But, that's what makes cryptocurrency such a great place to be. For traders who know what they are doing, these risks offer tons of Opportunites. For example, I can think about arbitrage as a good way of earning extra cash, but it does come with its share of risks associated with it.

I strongly agree with OP that you need to be a die-hard risktaker before you really get want you  want to achieve in this crypto business. It's like survival of the fittest nowadays, and only the bravest of the braves who chose to endure until the end will reap. Only those who are willing to pay the price of unrealistic heavy losses, sleepless nights, heartaches due to the huge market downturn will get to the end and reap the harvest of crypto industry's success.

Every business is a risk taking which one need to close eyes and do for any success , and work hard to make it come through , so having it at the back of mind that just get in and take profit is a zero to any one who think so , you have to devote your time, energy and money to make more money.

Of course, in every meaningful task one do in life,the person be total committed if truly he wants to achieve a great success.However,the person must face adversity and challenges of which he might be having sleepless nights because of the challenges.The same thing is applied to crypto industry.If you are observant,you will find out that those who made fortune in crypto are the ones who committed their time,energy and money into it,they never mind if bitcoin failed -95%.They never mind if the masses are selling aggressively. They stood firm on what they believed on,and this is the reason they made huge amount of money in crypto.
Now,some of those few people that paid the altimate price by taking a risk have been advising people on how to apply patient in crypto industry, yet some are seeing it as gimmick.So,I believe that one have to be a hardcore risk taker to prosper in crypto.

I don't know of any way to make a lot of money where you don't have to take risks. And as we all know, bitcoin is no exception. This is a very risky type of investment, but if you can do it - you expect a great profit.

Investing carries very high risks and even disappointments. but I think the risk is worth it. Moreover, a lot in this area of earnings depends on you and your nerves.

The most important thing is that every novice investor is ready for such a risk before he starts buying bitcoins. This is very important, as many are disappointed in bitcoin when it starts to fall in price.

in life everything we do is a risk, no one slept and woke up to become a millionaire over night. infact the more risk you take the higher the possiblity of you making out something. bitcoin investment is a risk and only those who willingly invest in it, accepting all risk involved in it get to succeed in it

I truly agree with you that one have to be a risk taker to excel in the crypto industry. Besides everything in life is all about taking risk and crypto happen to be one of them. Crypto is full of uncertainty.

It was very interesting to read. I also know some similar stories, when people in spite of everything went to their goal and achieved it at the same time risking everything. It's a matter of respect. Sometimes still worth the risk, but you have to think very carefully about their actions, because at stake is very much.

There is risk in every investment. Crypto being the most volitile. U already knew what ur getting into buying btc. It's volitility

This is the thing that attracts greedy people and gamblers to the cryptocurrency market. Big risks allow you to earn a lot but also lose a lot. Unfortunately, not everyone is aware of this before investing money.

Taking the risk blindly will also causes lot of problems so we need to be smart if you want to excel in anything not only in crypto,just analyse what is going to happen in the future and invest accordingly you may go wrong with your analyse but you need go put your efforts when you want to make money or you will just lose your money.

Yea its tough road in cryptocurrency world ,to excel you have to be tougher  and have full determination ,remember you will lose but as a never back down type you will surely excel ,sometimes losing is winning ,don't give up easily

you can't take a lot of risk for long

from the article that you wrote, it can be concluded that people who dare to get out of safety zones and take big risks are people who will have great success in the future if accompanied by the right lessons and effort.

Yeah you can say everything in life must have risk, but the risk in bitcoin is very different from the risks to business and other investments dude. the risk is very large, because the existing fluctuations and inflation can bring prices down very deep and make you bankrupt if you don't know how the market works. you have to be a die hard if you want to enter the crypto business..