Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: ChrisPop on August 30, 2020, 06:22:51 PM



Title: Is Bitcoin such a big risk?
Post by: ChrisPop on August 30, 2020, 06:22:51 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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


Title: Re: Is Bitcoin such a big risk?
Post by: YuginKadoya on August 30, 2020, 07:06:31 PM
It certainly had a risk of its own but in my opinion, Bitcoin is not a big of a risk to other cryptocurrencies, I think Bitcoin has established a safe zone that it will not end up becoming a zero value anymore so if you had spare money why not give it a try,

Some people often don't want to get involved with Bitcoin and other cryptocurrencies because of the fear of that little risk, and I have talked to a friend that said Bitcoin is only for the rich because on the value of bitcoin, But I think even establishing your own business has a risk everything has a risk involved in doing it and doing nothing.


“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg


Title: Re: Is Bitcoin such a big risk?
Post by: tippytoes on August 30, 2020, 07:12:43 PM
It certainly had a risk of its own but in my opinion, Bitcoin is not a big of a risk to other cryptocurrencies, I think Bitcoin has established a safe zone that it will not end up becoming a zero value anymore so if you had spare money why not give it a try,

Some people often don't want to get involved with Bitcoin and other cryptocurrencies because of the fear of that little risk, and I have talked to a friend that said Bitcoin is only for the rich because on the value of bitcoin, But I think even establishing your own business has a risk everything has a risk involved in doing it and doing nothing.


“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg

You really can't blame people for the hesitation towards crypto, newbies or beginners in particular. As a lot of them don't know how crypto works and how they can invest and handle bitcoin without losing, they have the feeling that small mistake and they will lose their funds. That is very understandable because they are still grasping on how to lessen those risks involved. So if you are really a beginner in crypto, you do really need to invest what you can afford to lose. And once you get good grip on what's going on, you can slowly go outside of your safe zone.


Title: Re: Is Bitcoin such a big risk?
Post by: Coyster on August 30, 2020, 07:15:01 PM
Bitcoin's risk is not only inherent in it's price or it's value, one very good reason why people prefer to keep their assets in fiat is because they can't afford to be their own bank, and protect their assets all by themselves. Imo, the most feared risk people have is losing their funds, they have heard about scam exchanges, hacked wallets, malware and phishing links stealing coins and so much more, it is scary for newbies, they just want to put their money in the bank and allow the 'third party' to protect it for them.


Title: Re: Is Bitcoin such a big risk?
Post by: TalkStar on August 30, 2020, 07:15:29 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
Its not only for crypto currency related investment but also for other field of investment. If you anyone haven't got enough backup fund then its better not to take excessive amount of risk.  

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
If you want to put all the assets you got then i am not gonna support you. Every investment have two equal side (Profit & Loss) and you have to keep that on mind. I don't think you will find any investment option which have no risk factor and bitcoin is not different from that.


Title: Re: Is Bitcoin such a big risk?
Post by: pathapoddo on August 30, 2020, 07:16:11 PM
Like any other investment in the world if you invest in bitcoin it will have some risk. Because you can't invest on anything which doesn't has risk. But for me I think bitcoin has only a small risk compare to other cryptocurrency, I will always go for this little risk of bitcoin and will invest on it. Though many people scare to invest on bitcoin and cryptocurrency. But you have to understand if you can't take risk you can't gain profit.


Title: Re: Is Bitcoin such a big risk?
Post by: o_e_l_e_o on August 30, 2020, 07:23:38 PM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
Depends on which fiat we are talking about here. Holding USD does not have the same risk profile as holding Venezuelan bolivar or Zimbabwean dollar. The inflation of the former is much more drawn out process, with the US dollar losing >95% of its purchasing power over the last 100 years, whereas the inflation of the latter is often rampant, with figures of hundreds or even thousands of percent each month.

It also depends on what you mean by risk. Risk that your money suddenly loses a significant amount of value? Higher with bitcoin than with "stable" fiats like USD. Risk that you slowly lose your purchasing power over the next 5, 10, 20 years? Higher with fiat than with bitcoin.

Every investment, be it fiat, bitcoin, gold, stocks, property, whatever, comes with different risk profiles. The whole point of diversification is to balance your risk. Putting everything in fiat, or everything in crypto, is stupid.


Title: Re: Is Bitcoin such a big risk?
Post by: Gozie51 on August 30, 2020, 07:46:08 PM

What's your opinion?

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

This is the better reason to invest in bitcoin and not cash.
One reason is, Cash you put in the bank and that is more risky if there is war in example.

Another reason is, if you hide it somewhere, it might get damaged.

But bitcoin is safe if you save the code.


Title: Re: Is Bitcoin such a big risk?
Post by: minersday on August 30, 2020, 07:55:04 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

People who see and think Bitcoin is a big risk are people who have no or little knowledge and understanding of what Bitcoin is and how relevant it is to the financial ecosystem. If you don't understand how something works, you might see it risky to use or invest in it. People need to understand Bitcoin before making assumptions on whether it is a big risk.


Title: Re: Is Bitcoin such a big risk?
Post by: gentlemand on August 30, 2020, 08:00:18 PM
Of course Bitcoin is more risky than fiat savings, as long as you're in a stable economy that also has banking insurance. Anyone claiming otherwise is a bit strange or has spent too long on here.

What Bitcoin has built is massively impressive but it's all still being made up as it goes along and no one knows what's around the corner. On top of that there's the risk of one's own incompetence when it comes to securing coins or exchange accounts.

The main risk with fiat is your money slowly withering in value, but it's not a risk, it's a certainty.


Title: Re: Is Bitcoin such a big risk?
Post by: verita1 on August 30, 2020, 08:02:27 PM
I have always had my money in cryptocurrencies because it has been the only income I have obtained. I live in a country with high inflation and unemployment. Due to this high inflation, the issuance of paper money in my country has decreased. When banks open their offices, which is one week yes and the other not due to the pandemic. Users can only withdraw the equivalent of $ 1 from their bank accounts.
Financially, we keep up with electronic money and debit cards.


Title: Re: Is Bitcoin such a big risk?
Post by: ChrisPop on August 30, 2020, 08:02:54 PM
Bitcoin's risk is not only inherent in it's price or it's value, one very good reason why people prefer to keep their assets in fiat is because they can't afford to be their own bank, and protect their assets all by themselves. Imo, the most feared risk people have is losing their funds, they have heard about scam exchanges, hacked wallets, malware and phishing links stealing coins and so much more, it is scary for newbies, they just want to put their money in the bank and allow the 'third party' to protect it for them.

Spot on, Coyster. I think that the majority of the population (the employees) have been conditioned by the environment to put their trust on the government and believe that no matter what the state will take care of them, so they are now scared af to take responsibility and in this case to do their own diligence and use a better solution aka Bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: HiringYou on August 30, 2020, 08:08:42 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
Undeniably, the unstable and volatile nature of bitcoin make bitcoin investments riskier but what in the world is not risky now a days. If we compare fiat saving accounts with bitcoin investments then obviously fiat saving accounts are better in terms of safety but if bitcoin investments are done wisely they can provide us with higher returns than fiat saving accounts.So no doubt it is risky but according to me this risk is absolutely worth taking.


Title: Re: Is Bitcoin such a big risk?
Post by: livingfree on August 30, 2020, 09:49:18 PM
Fiat gets into inflation but bitcoin does have volatility which means you get a possibility your money could go high in value.

It has a big risk because unlike any other assets, they are moving slowly and it's up to the person, how he will describe and look into this characteristic of bitcoin. To us who have been into the bitcoin circle for a year or more, we understand that this risk is more of an advantage.


Title: Re: Is Bitcoin such a big risk?
Post by: Botnake on August 30, 2020, 10:32:08 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
This is true, and actually it's not only for bitcoin but for other high risk investment, or any investment as they all have inherent risk.

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

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

Your only have to fear about inflation when you are putting your money in the bank, but inflation only happen when the economy of your country is bad, but if you put your money in bitcoin, there's really a risk as the market is volatile, it could dump so hard that you might lose your faith of holding it, that's the risk why some investors can't afford to invest their money in bitcoin.

Also, putting your money in the bank is just a form of savings that you can withdraw anytime you want without losing much value if it will lose due to inflation, but with crypto, your money could go down 50% even in a week, so you have to accept this kind of possibility, therefore I suggest to diversify your money, put a saving in the bank and allocate money for investment in crypto.


Title: Re: Is Bitcoin such a big risk?
Post by: btc_angela on August 30, 2020, 10:41:56 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Its depends on your risk aversion, but bitcoin through time have shown that it has a good potential, risk reward is very high. Yes, just invest what you can afford to lose, and we have to remember that it is not necessary to get 1 BTC, you can use dollar cost average to stack sats and eventually, you can get to that 1 BTC club. Fiat saving? nah, I would rather invest my money on bitcoin and take the risk, and I'm sure majority here does.


Title: Re: Is Bitcoin such a big risk?
Post by: christhemaner on August 30, 2020, 10:43:17 PM
Any investment has risks. Or it will be an unprofitable investment.


Title: Re: Is Bitcoin such a big risk?
Post by: Insanerman on August 31, 2020, 12:14:28 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

Well, being a financially literate person, this is quite right. Not because Bitcoin and cryptocurrencies are risky, volatile, and a "balloon" like currency, but because investments and money saving must be separated depending on what purpose you want to use your money. But keep in mind that every money you have, you must always separate those on savings, insurances, investments, personal needs, and luxuries. Therefore, it is risky once you've put most of your money in either Bitcoin and crypto or any other investments/savings, as soon there would be probability that you might need it for events like emergency purposes.


Title: Re: Is Bitcoin such a big risk?
Post by: peter0425 on August 31, 2020, 02:47:02 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
Then those many people that you mentioned are people that knows nothing about technology and don't understand how this goes,being legendary you must have own stand since you have been here for so long.
I don't know why account on your rank still has this questions.


I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
Actually if your money is earn to feed your family then why need to risk here or even in banks?putting your money in banks promises you to earn 3-8% annually ?is that enough for you?if does then forget about crypto.
So curious to see the response especially today when we live in times of crisis.
All that i invested here in crypto are mostly my income from the signature campaigns i have joind and some are extra money from my part time jobs in which not included for my budget to feed and make live my family.


Title: Re: Is Bitcoin such a big risk?
Post by: shoreno on August 31, 2020, 03:07:43 AM
your forum level is much higher than on mine and you are supposed to know these things  .

 based on my experience throughout the years i can say that it is . btc is really risky compare to when simply holding your fiats  . if you still didnt know why i said that , its because btc has a problem with stability but risk is smaller now because btc value is increasing and that is because more people invest during these times .


Title: Re: Is Bitcoin such a big risk?
Post by: Slow death on August 31, 2020, 03:26:35 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree

Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

go back in the past to December 16th when the price reached $19000 and ask:

Are the people who bought $19000 happy at the moment? I think they are not happy and it will be 3 years old that they are suffering big losses

What if those people who bought us $19,000 had held them in a fiat savings account? would not have big damage

we have to be able to say that this is really a very risky market so one must know that one can lose a lot of money


Title: Re: Is Bitcoin such a big risk?
Post by: roadrunnerjaiv2025 on August 31, 2020, 03:44:25 AM
It is risky, no doubt about that, and it's easy to understand why. Apart from the fact that bitcoin is still in its experimental stage with an unstable value, it's facing a great deal of resistance from governments, and even from business magnates like Warren Buffett. Despite the effectiveness of the blockchain technology in thwarting potential breach or cheats in the system, there's no telling how long it can hold up to technological advances. There's also the fact that bitcoin does not provide any consumer protection due to the lack of an intermediary guarantor.

Then again, I believe fiat currency started out this way, too, and I bet there were even far greater risks when it was introduced--but our ancestors took the risk anyway since it's more convenient than the barter system. All risk management or protective tools were eventually developed after. This era of risks is a stage bitcoin has to go through before it can reach full adoption. The success of bitcoin, therefore, depends on how many are willing to take the risk.  


Title: Re: Is Bitcoin such a big risk?
Post by: lienfaye on August 31, 2020, 03:49:15 AM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
Placing your money in bitcoin is riskier because the value is not stable. We can earn if the price soar high but that is not the case often. Just like those who bought bitcoin at peak price then the value dropped suddenly, thats the risk we have to take when investing. Actually not only in crypto but in other type of investment as well. Unlike if you save your money in fiat, you can keep it yourself or deposit it to bank, it has less risk if we're going to compare it on crypto.


Title: Re: Is Bitcoin such a big risk?
Post by: Darker45 on August 31, 2020, 04:08:42 AM
Well, you've been here for quite a while. It's actually not just a bias. It is based on hard numbers, that the prices of cryptocurrencies will rise and fall unpredictably. As a matter of fact, majority of them are now 6 feet below the ground.

In terms of risk, at least with Bitcoin, while it may fall, the overall outlook is still positive. Especially at this particular stage when Bitcoin is still starting to become mainstream, the potential for value increase is very high. With fiat, there is no other way but down. That's part of its design.

However, in terms of safekeeping, the risk is in Bitcoin's side. You have fiat, you keep in a reputable bank, you can have a good night's sleep. You have Bitcoin, you keep it somewhere, the risk is not gone, it's just lurking around the corner.


Title: Re: Is Bitcoin such a big risk?
Post by: kotajikikox on August 31, 2020, 05:14:41 AM
If you aware of market condition what should be next happen then it will be not be risky but you don't know any techical Analysis then you do trade on btc it Will be very risky..
That's why never treat this market as bread and Butter in early stage instead treat this as a New knowledge provider and a source of income if you passed the needed to learn and progress.

I will never tell people to Just Buy unless they are willing to wait and risk.thats what people must know first before entering this market.


Title: Re: Is Bitcoin such a big risk?
Post by: Finestream on August 31, 2020, 05:16:45 AM
It is, if not, then people would be investing here easily.

Currently, crypto is still considered as a high risk investment, that's because the market is still young, not matured enough that can easily get manipulated due to lack of regulation. It's high volatility is the living evidence that would say it's a high risk market as anyone could lose their money in an instant.
For now, consider bitcoin as gambling because investors who take the risk here knows how to gamble in real life.

Actually don't focus on long term investment only, how about trading for short term, or be a day trader, I guess it gives more opportunity for you to minimize the risk, just follow the trend, and you'll be able to do the right timing to accumulate and sell.


Title: Re: Is Bitcoin such a big risk?
Post by: Warkop on August 31, 2020, 05:47:37 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

I think investing in Bitcoin is very risky, because if you are a beginner or don't have good knowledge of crypto you will definitely lose your investment, not only that you also have to hold the keys well and store them in a trusted wallet like Blockchain so I am sure if you are have used strong security and everything will be fine.

As for fiat savings, in my opinion it is also very risky if you don't save the secret code properly you will definitely lose your fiat, but most people who use fiat deposits always experience fraud like people who contact us via cellphones to tell us that we will get prizes and must do something or maybe someone sends a link so we click the link and so on, so I think both of them are risky if we are not good at maintaining the security of the code or key that we have.


Title: Re: Is Bitcoin such a big risk?
Post by: cryptoaddictchie on August 31, 2020, 06:02:10 AM
Everything is such a big risk. I believe many user here already planted on their mind that bitcoin is a highly risk investment. Anytime it can crash in an instant and can make you rich too. I dont know why some thinks that bitcoin is a safe investment. Yes comparing to a lot of shitcoin and altcoin this one is a 50% chance not to fall down. But thats how you invest, you risk for something to achieved. No guts no glory.

I will never tell people to Just Buy unless they are willing to wait and risk.thats what people must know first before entering this market.
Thats right. Dont encourage people to buy if their hearts are not ready foe anything that they could fall for. Cryptocurrency investment is a speculative commodity and considering its volatility it is really a dangerous game for inexperience one.


Title: Re: Is Bitcoin such a big risk?
Post by: yhiaali3 on August 31, 2020, 07:13:53 AM
For me personally, I trust Bitcoin, and I do not find there is any risk in holding my money in Bitcoin for the future, Bitcoin always proven that it can be trusted, it is true that it has suffered many crises throughout its history, but it always succeeded in getting rid of all problems and returned stronger than it was before.
Also, the recent crisis that occurred due to the Corona virus and caused economic disasters in many countries of the world and affected Bitcoin as well, but it has finally succeeded in overcoming this crisis and therefore many people have confidence in Bitcoin. and more than that, many of them have transferred their money to Bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: Leviathan.007 on August 31, 2020, 08:06:59 AM
Since the market is still way too young there are not too much capital on in comparing to the other similar markets, Bitcoin can be a risk but if you manage to buy bitcoins at lower prices you won't have problem with the huge movements. However, comparing to the all other crypto projects bitcoin is the best and safest thing you can find.


Title: Re: Is Bitcoin such a big risk?
Post by: Darkelf11 on August 31, 2020, 08:23:06 AM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

Bitcoin is already a high-risk investment and placing your money in a savings account is okay yet not the best option you've got.

Do you know how banks earn their money? They collect the money lent by their depositors and use it for loans. The amount or the interest that they give to their depositors is only a dot of their earnings. Depositors make big banks and big banks make a lot of money.

What the bank does is also a risk and it isn't unfair for us because we trust them for our money, but don't you think that it is better if you will be your own bank? Take some risk in bitcoin (only the amount that you are afford to lose) and if it succeed then you have all your earnings.


Title: Re: Is Bitcoin such a big risk?
Post by: bayu7adi on August 31, 2020, 08:48:18 AM
Every investment, be it fiat, bitcoin, gold, stocks, property, whatever, comes with different risk profiles. The whole point of diversification is to balance your risk. Putting everything in fiat, or everything in crypto, is stupid.
"Dont put all your eggs, in one basket"

totally agree with this, the size of the risk is relative. To find out the risks of buying a digital asset, you need to make comparisons with other assets, because each point of view has different business models and needs. The risk of holding bitcoin compared to shitcoin, the answer is very clear that shitcoin has a greater risk. And holding bitcoin compared to gold, obviously gold is more stable, so "Dont put all your eggs, in one basket"


Title: Re: Is Bitcoin such a big risk?
Post by: plr on August 31, 2020, 08:50:41 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

There's really no safe investment, all investment have their own risk that is why experts will always advice you to always invest what you can afford to lose and always know your investment risk level, there is also risk involved investing in Bitcoin and altcoins but compared to other investment market, Bitcoin market has proven itself that it has lower risk  than all the other markets.


Title: Re: Is Bitcoin such a big risk?
Post by: 20kevin20 on August 31, 2020, 08:59:35 AM
Since the market is still way too young there are not too much capital on in comparing to the other similar markets, Bitcoin can be a risk but if you manage to buy bitcoins at lower prices you won't have problem with the huge movements. However, comparing to the all other crypto projects bitcoin is the best and safest thing you can find.
Purchasing at lower levels doesn't eliminate the risk. It doesn't even lower it. Do you think that a large drop necessarily means it'll get back to today's level? It doesn't. In fact, it could simply go even lower at any point. Best thing you can do is just accept the fact that you might have the same amount of money tomorrow or.. just be richer or poorer. There's no way to create a perfect balance and have only positive outcomes.


Title: Re: Is Bitcoin such a big risk?
Post by: Snigdho07 on August 31, 2020, 09:27:04 AM
In my opinion bitcoin is slightly risky but not too much risky because I think bitcoin is now more stable than before and it has a very little chance to below down 4000$. Though expecting cryptocurrency is tough,I think bitcoin will not dump too much.


Title: Re: Is Bitcoin such a big risk?
Post by: cheezcarls on August 31, 2020, 09:41:59 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

The real question (especially for the newbies and beginners) is on how much money can they afford to risk and lose? As for me, I can say that Bitcoin is a big risk or not.

It really depends on how you are emotionally or mentally ready in case something happens to the price of Bitcoin. For now, I think BTC is treading water and may call $11k as support level.

As for me in putting my money on BTC, ETH, etc., during the crisis, I am emotionally and mentally ready. It’s because no matter when BTC goes down again, I always believe it would go back again.


Title: Re: Is Bitcoin such a big risk?
Post by: Latviand on August 31, 2020, 10:36:34 AM
In cryptocurrency and when we talk about investment, there is always risks.

But if you are not that knowledgeable about investments and how to control your assets then it will surely make you lose it.

Never waste an opportunity to invest in bitcoin and learn more about it. You can make cryptocurrency investments very worth it and profitable for you if you will spend time for it. Most of the things in life are risky, that's why you need to deal with it if you are courageous to grab the opportunity without hesitations. By that, in terms of investments, you will probably succeed.


Title: Re: Is Bitcoin such a big risk?
Post by: $anounimus$ on August 31, 2020, 10:53:21 AM
My opinion. If someone has a mentality like a businessman or an ordinary person with a record he understands and can evaluate the costs and risks of investing in BTC if it happens at any time but if they don't understand about it, the decision is up to them to choose to invest their money in a fiat savings account.


Title: Re: Is Bitcoin such a big risk?
Post by: yayayo on August 31, 2020, 11:03:59 AM
Of course it's riskier to place your money in Bitcoin rather than in fiat the cryptocurrency including Bitcoin is decentralized
and you can see the volatility of the price of the Bitcoin and others than fiat there is so much difference.

ya.ya.yo!


Title: Re: Is Bitcoin such a big risk?
Post by: ethereumhunter on August 31, 2020, 11:34:09 AM
My opinion. If someone has a mentality like a businessman or an ordinary person with a record he understands and can evaluate the costs and risks of investing in BTC if it happens at any time but if they don't understand about it, the decision is up to them to choose to invest their money in a fiat savings account.

Unfortunately, not many people have a mentality like a businessman because many of us don't know about the risk of investing in bitcoin. We can say that we can handle the situation, but the truth is we can be panic anytime we see the price is going down. It happens to many people, and they still invest their money in bitcoin because they have a  hope that in someday, they will make a big profit from bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: qwertyup23 on August 31, 2020, 11:36:26 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Bitcoin is an investment which is similar to owning stocks or purchasing gold. What sets bitcoin different among the investment mechanisms available is the volatility of its price on the market. You cannot accurately forecast when its price will increase/decrease as it is dependent on several factors. Due to its nature being decentralized and volatile, owning bitcoin is relatively riskier compared to any investment available today.

To answer your question, it depends on your goal on your investment if you are going for short/long-term investment. Generally since bitcoins are volatile in price, people typically sold their bitcoins if they see a X% increase on its price (it depends on your goal). If you are aiming for long-term investment, then you better prepared to lose some coins as again, there is no guarantee about this investment. The catch is, the rewards are high!


Title: Re: Is Bitcoin such a big risk?
Post by: Reid on August 31, 2020, 11:42:42 AM
It's better to have doubts with everything that you will decide.

Is buying Bitcoin a risk? Yes. Is buying stocks at this time a risk. Yes.
Keeping fiat in a bank is a risk? Yes.
That way, you are still thinking about your security which is a good sign. You're still not blindly buying things or investing with them.

So answer is, Yes.


Title: Re: Is Bitcoin such a big risk?
Post by: bitcoinisbest on August 31, 2020, 11:52:30 AM
My opinion. If someone has a mentality like a businessman or an ordinary person with a record he understands and can evaluate the costs and risks of investing in BTC if it happens at any time but if they don't understand about it, the decision is up to them to choose to invest their money in a fiat savings account.

Unfortunately, not many people have a mentality like a businessman because many of us don't know about the risk of investing in bitcoin. We can say that we can handle the situation, but the truth is we can be panic anytime we see the price is going down. It happens to many people, and they still invest their money in bitcoin because they have a  hope that in someday, they will make a big profit from bitcoin.

If people do invest that only they will make profits from bitcoin and not loss, then it could be wrong. Also, I know some just invest thinking in quick time the price will rise and they will make money which again is the wrong thing as if market crashes and it does not recover soon, they may end up in a loss. So, investment in crypto is risky and one should be ready to take risk and have patience to invest for long terms basis.


Title: Re: Is Bitcoin such a big risk?
Post by: lionheart78 on August 31, 2020, 11:57:22 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Every venture has its own risk, and placing our money in Bitcoin has no difference.  There is the risk of losing money when the value of BTC plummet but in exchange of that risk is the opportunity to gain more.  Holding money also poses some risk.  The risk from being stolen, risk of being devalued from the inflation.  The difference between the two is that in holding money in savings account includes a third-party company called the bank that they can freeze the account anytime they wanted with the very slim opportunity of getting an interest due to the very small interest policy of banks.  While in Bitcoin, we have the direct access to the wallet as long as we have the private key.  Ignoring the volatility, I can see that holding money in a fiat savings account (assuming it is deposited in a bank) has more risk of being lost than holding it in Bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: Xembin on August 31, 2020, 12:48:49 PM
Bitcoin is not a big risk,compare to other cryptocurrencies, if you invest on bitcoin liberally without fear of risk involve,you will never end up in low profit like the way other cryptcurrency reduce to zero value.


Title: Re: Is Bitcoin such a big risk?
Post by: rexxarofmoknathal on August 31, 2020, 01:30:24 PM

Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?


I think it depends on what type of mind-set you have. In some regards, BTC and crypto investments in general can be risky in the sense that you might be buying at the wrong times but even if you make that a long-term investment, often the wait pays off. Fiat savings is what normal, regular people use and in times of financial strain like these I don't see fiat savings as a great option.

Thus, either option in its own way carries risk as well as benefit. However, we live in a world where most people are risk-averse so usually the'd stick to something that is less mind-bugging and thus go for the easier option - maybe not necessarily the best though!


Title: Re: Is Bitcoin such a big risk?
Post by: ChiBitCTy on August 31, 2020, 01:49:35 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

As of right now, this is not even a debatable subject and anyone who says bitcoin is less risky to "hold" or own, has no idea what they're talking about.  Bitcoin has not proven to be a stable currency yet.  It's value wildly fluctuates and there's no insurance backing your money.  Savings accounts in most countries are insured, and promise a small interest rate.  Unless the banks go belly up, your value at least will never decline.  The same can't be said for bitcoin right now.


Title: Re: Is Bitcoin such a big risk?
Post by: mezzaluna on August 31, 2020, 02:08:31 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Investing always come with a risk and in real life investments when we are pertaining to the stocks that are available, they always present the risk that comes with Investing. However, Bitcoin and other Cryptocurrencies poses a small threat. There are many opportunities presented in the Cryptocurrency Industry and learning about Bitcoin will be the best investment of all. Bitcoin's value is unpredictable BUT there is always a chance on where it can double your money and that's an opportunity nobody wants to pass. I guess its better to split your money between Bitcoin and a fiat savings account since its just savings and we are in a pandemic, investing on something must be worth it.


Title: Re: Is Bitcoin such a big risk?
Post by: tbct_mt2 on August 31, 2020, 02:09:51 PM
As of right now, this is not even a debatable subject and anyone who says bitcoin is less risky to "hold" or own, has no idea what they're talking about.  Bitcoin has not proven to be a stable currency yet.  It's value wildly fluctuates and there's no insurance backing your money.  Savings accounts in most countries are insured, and promise a small interest rate.  Unless the banks go belly up, your value at least will never decline.  The same can't be said for bitcoin right now.
Bitcoin is volatile and volatility is a beauty of market. If people want to have something stable, invest in USD or fiat but remember it is only stable on paper number. In fact their real value in life use cases will decrease over time with inflation.

The another beauty of bitcoin is it can not be shut down by governments as stable coins can be. [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)


Title: Re: Is Bitcoin such a big risk?
Post by: mezzaluna on August 31, 2020, 02:14:05 PM
In cryptocurrency and when we talk about investment, there is always risks.

But if you are not that knowledgeable about investments and how to control your assets then it will surely make you lose it.

Never waste an opportunity to invest in bitcoin and learn more about it. You can make cryptocurrency investments very worth it and profitable for you if you will spend time for it. Most of the things in life are risky, that's why you need to deal with it if you are courageous to grab the opportunity without hesitations. By that, in terms of investments, you will probably succeed.

I bold-ed some words that was really interesting and must be focused on. Our assets means that its our choice whether we invest or not invest. Its our own decision that can make us gain profit and not other people since its our own money BUT that doesn't mean to stop investing on Bitcoin but rather take the opportunity presented and just make to follow your gut feeling on when to pull-out your investment money. I always remember success story on how people gain so much money just by investing on Bitcoin and they are even creating their own houses now. So if that guy can do it, probably we can too.


Title: Re: Is Bitcoin such a big risk?
Post by: bakasabo on August 31, 2020, 02:18:48 PM
It's better to have doubts with everything that you will decide.

Is buying Bitcoin a risk? Yes. Is buying stocks at this time a risk. Yes.
Keeping fiat in a bank is a risk? Yes.
That way, you are still thinking about your security which is a good sign. You're still not blindly buying things or investing with them.

So answer is, Yes.


Even simply living in real life is risking. You can woke up, make a first step when you get out of the bed and brake you leg. Later die from blood loss.

Any investment, purchase without a proper research is a risk. Buying something that is not know to each and everyone (like bitcoin atm) is a double risk.


Title: Re: Is Bitcoin such a big risk?
Post by: Yatsan on August 31, 2020, 02:51:14 PM
There is really certain risks associated on Bitcoin but those can be practically be manageable as time goes by. The risks are being triggered most specially for the newbies and to those that are lacking of knowledge about the certain thing have got engaged with. The risks with Bitcoin is that if you do not certainly know what you are doing but still insisted to put up an engagement. Investing or trading with Bitcoin is a risk and also a gamble at the same time if you are not knowledgeable about those things but if you do, you are lessening the chance of risks to pop up for you do know what to do and you won't get easily fooled by murmurs, rumors and here says that might put your money into risks.

The risks on Bitcoin aside from being volatile in nature is the people around working on it that will certainly deceive you and those are known to be hackers and scammers. Simple thing to get rid or avoid yourself from being caught on their trap is be knowledgeable and that is what I am saying how certain risks associated with Bitcoin can be manageable as time goes by.


Title: Re: Is Bitcoin such a big risk?
Post by: Yamifoud on August 31, 2020, 03:17:24 PM
There is really certain risks associated on Bitcoin but those can be practically be manageable as time goes by. The risks are being triggered most specially for the newbies and to those that are lacking of knowledge about the certain thing have got engaged with. The risks with Bitcoin is that if you do not certainly know what you are doing but still insisted to put up an engagement. Investing or trading with Bitcoin is a risk and also a gamble at the same time if you are not knowledgeable about those things but if you do, you are lessening the chance of risks to pop up for you do know what to do and you won't get easily fooled by murmurs, rumors and here says that might put your money into risks.

Indeed, it was manageable. And despite those challenges, hearing about scamming, and hacking of accounts people still coming in here just to show some interest and finally set their mind to invest and willingness to face the risk. If we keep in mind and always think about losing or being a scam, there is nothing it happens with us. We are just being bullied by ourselves.

The risks on Bitcoin aside from being volatile in nature is the people around working on it that will certainly deceive you and those are known to be hackers and scammers. Simple thing to get rid or avoid yourself from being caught on their trap is be knowledgeable and that is what I am saying how certain risks associated with Bitcoin can be manageable as time goes by.
Those who never understand crypto will most likely to say negative and it was very unfortunate how they close their door for crypto. I hope they will open up their minds and see an opportunity in Bitcoin. Yes, it is risky but it can't be that big if we carefully manage our investment just like the others who also been in desperation before. It just how we look forward and make a change in our life and strongly committed for the incoming.


Title: Re: Is Bitcoin such a big risk?
Post by: husencoe on August 31, 2020, 03:25:04 PM
Investing in bitcoin will definitely get big returns, but the risk is also high because there is no guarantee if our bitcoin assets are lost or stolen while keeping our fiat money in a bank account is safer but the money will not increase


Title: Re: Is Bitcoin such a big risk?
Post by: jekanmasin on August 31, 2020, 03:30:14 PM
The question has being told so many time in here. We all know cryptocurrency trading is a very high risk. Big risk big return just what we all know. So if you want to make money with trading cryptos before that tell yourself how much i can afford to lose. Do not used all your life saving instead used your daily money pocket to start small. Learn how things work and stat to make your own portfolio.  We all start from small to big so be patience and drink some bir.  ;D ;D


Title: Re: Is Bitcoin such a big risk?
Post by: Vatimins on August 31, 2020, 04:34:32 PM
     When it comes to money or any assets connected to money, there will always be a certain amount of risk in every choice you make whether investments or by just holding/maintenance. The only thing different is the level of risks. But even so, there are ways in minimizing risks depending on the situation. In the case of bitcoins, you can minimize risks by learning from the mistakes of others and doing a hell lot of time investing when it comes to learning more about bitcoins. The more you know the lesser the risks. Now, if just for the sake of comparison, fiat is safer despite the pandemic affecting the world since his industry cannot guarantee anything yet and is almost mainly based on speculations alone. That's my view. Hope it helps.


Title: Re: Is Bitcoin such a big risk?
Post by: Rafiqul on August 31, 2020, 05:15:12 PM
While all businesses have the potential for risk, cryptocurrencies are relatively risky. However, the risk of Bitcoin is less than that of other cryptocurrencies. There is no such thing as a profit on a Fiat Savings Account; You get more out of investing in Bitcoin with less risk. In fact, it is impossible to be successful in business without taking risks. But invest only in the amount of capital that you can afford to lose.


Title: Re: Is Bitcoin such a big risk?
Post by: Asuspawer09 on August 31, 2020, 05:29:03 PM
All investment is risky, that is why a lot of people recommend to just invest what you could afford to lose. I think when it comes to bitcoin the market supply and demand are already having its foundation I don't think you could really lose the investment in this kind of market when you know how the market works. The thing here or method that you could use is if you are not going to sell your bitcoin you do not really go to lose money if you sell your investment at a low price where you buy it that is where you easily lose money. Most of the investors lost in investment because they just don't believe in bitcoin, but for me and a lot of investors that already know the volatility of bitcoin has a big dump is a good thing.


Title: Re: Is Bitcoin such a big risk?
Post by: Sirait on August 31, 2020, 06:35:19 PM
“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
^ this is a great motivational word, without taking risks we will not be able to see opportunities. as long as I am in crypto, the biggest risk I experience only my wallet is hacked or the price of my assets goes down, nothing more. and the two risks I mentioned can happen to Bitcoin.

I am not worried that my asset value will decrease or my wallet will be hacked because I believe that as long as I can make good decisions the risk is not a big problem.



Title: Re: Is Bitcoin such a big risk?
Post by: Sanugarid on August 31, 2020, 07:08:51 PM
your forum level is much higher than on mine and you are supposed to know these things  .
I'm thinking of the same thought as you lol he's been a legendary member for quite a time and still wants to know if bitcoin has risk. This might be the first question that newbie is asking here all the time, I didn't expect that the OP isn't aware of it.

based on my experience throughout the years i can say that it is . btc is really risky compare to when simply holding your fiats  . if you still didnt know why i said that , its because btc has a problem with stability but risk is smaller now because btc value is increasing and that is because more people invest during these times .
Bitcoin when compared to different asset like gold and silver, we can totally say that it has a higher risk than those things because of the high volatility rate that it contains. Gold and silver are volatile too, price changes every day but in the case of bitcoin it is very different, the price is being determined by the demand and supply in a certain exchange. Aside from these risk, we also have security risks and that's for another topic.


Title: Re: Is Bitcoin such a big risk?
Post by: Sapphire915 on September 01, 2020, 04:03:18 AM
Yes, its a bit risky for me - Its either you win or lose. Same as the other investments, we dont actually know what will happened next. And one more thing, scammers are always anywhere just waiting to victimized us, especially our Bitcoins. That is why some people really dont trust Bitcoins.
However, to those who are working here in Blockchain industry, its quite manageable to us for we knew all the great features and benefits that Bitcoin had brought us especially in this pandemic. There might be risk, but i guess some individuals here can cope up easily. Our full trust to Bitcoin and other cryptocurrencies made us all forget the risk and took it as a challenge in everyday here in Crypto world.


Title: Re: Is Bitcoin such a big risk?
Post by: SoulMortal on September 01, 2020, 04:12:10 AM
Yes some people do fear of bitcoin because it's new and it's price is very much high. Bitcoin is like a share market so I think people dont want to loose their hard earned money but bitcoin is a good investment for a long term if they invest their spare money they can make some profile in long term without taking any risks.


Title: Re: Is Bitcoin such a big risk?
Post by: Shasha80 on September 01, 2020, 04:22:47 AM
All investments have risks, but Bitcoin is an investment with a high risk. Even so, it doesn't make Bitcoin lost demand,
because the possibility of profit made from Bitcoin is quite large and promising. Then more and more people are interested
in investing in Bitcoin, it must be remembered that big risks can generate big profits too. Therefore I prefer to take it
risk with investing in Bitcoin, compared to just saving in fiat currency.


Title: Re: Is Bitcoin such a big risk?
Post by: hrik on September 01, 2020, 04:40:41 AM

Bitcoin not crossing 11k till 2 years,I feel sad ,bitcoin has huge potential.


Title: Re: Is Bitcoin such a big risk?
Post by: ilovealtcoins on September 01, 2020, 05:47:30 AM
Bitcoin is risky and volatile in the price for a week, a month, or a year, but if you look at the history of bitcoin, it is having good growth. If Bitcoin fell by around 70% in 2018 then it would have rapidly grown again in the following years. Although it is not possible to recover the original ATH level, Bitcoin will do it in the future. Bitcoin is still safer than other altcoins in the crypto market. For example, Ethereum is currently down 2/7 in value compared to ATH, EOS is currently down to 1/6 in value compared to ATH ... there are many other altcoins. If we were to invest with our free money with bitcoin, they probably wouldn't be too bad at losses. If we used leverage, we might be bankrupt now.


Title: Re: Is Bitcoin such a big risk?
Post by: proscratcher on September 01, 2020, 08:54:57 AM
I think there is a risk if you buy a lot of volume right now with a price of $11909.70 per BTC. There is a higher chance that the price will drop in a cliff. I saw it happened before when price drops $1k in value in just 1 day. There is also a chance that it will go up like when it reaches $20k. So yeah, there is definitely a risk but you'll never know if you don't give it a try.


Title: Re: Is Bitcoin such a big risk?
Post by: Stedsm on September 01, 2020, 06:35:30 PM
I have a few questions actually to ask you, which will basically answer your query if you're smart enough to understand the logic:

- Aren't stocks riskier?
- Aren't savings in private banks riskier?
- Aren't investments in Gold and diamonds riskier?
- Isn't real estate riskier?

If these things possess risks and people still invest in them, then why not cryptocurrencies which has come up as a completely new asset class and gives much better returns if done with proper risk management skills?


Title: Re: Is Bitcoin such a big risk?
Post by: kawetsriyanto on September 01, 2020, 11:44:51 PM
You must know every investment has its own risks. Yes, Bitcoin has a risk, but high or low the risk depends on the person who invests in the Bitcoin. If you invest blindly without sufficient knowledge, then you will have a bigger risk. But if you learn everything about Bitcoin first and you know how to deal with Bitcoin investment, then the risk should be lower. The point is you shouldn't hurry to invest in Bitcoin without good knowledge about it. You must learn the crypto market and everything about Bitcoin investment first.



Title: Re: Is Bitcoin such a big risk?
Post by: pixie85 on September 01, 2020, 11:53:29 PM
Of course the risk of holding money in a savings account is much smaller than holding it in Bitcoin unless you're holding dollars of Zimbabwe or any other worthless fiat money.

The problem with having a savings account is that it's not really an investment. The purpose of profit from this account is to contradict inflation. In many countries you get less than 3% a year but the inflation is at 2% so all you're getting is 1% a year. Bitcoin often appreciates 10% in a month.


Title: Re: Is Bitcoin such a big risk?
Post by: Wawa2013 on September 01, 2020, 11:58:34 PM
Even though the risk of investing in Bitcoin has a big risk, it doesn't make me back down from investing in Bitcoin.
Because I believe in Bitcoin completely, so never hesitate to buy as much Bitcoin as possible. I really believe Bitcoin
can provide big profit, if we hold it in the long term.


Title: Re: Is Bitcoin such a big risk?
Post by: deadmousehat on September 02, 2020, 01:33:43 AM
invest according to your financial ability. Of course there is a higher risk of putting money in bitcoin without having a backup fund. not only bitcoin, but all types of investments have risks.


Title: Re: Is Bitcoin such a big risk?
Post by: 3meek on September 02, 2020, 06:26:45 AM
At the moment cryptocurrencies are not very popular among people around the world! That's why they are afraid to risk investing their money in them... Especially after bad news about cheaters or the collapse of the bitcoin rate from 20K to 3K...
Also, the existing mechanisms for converting cryptocurrencies to fiat and back are either uncomfortable or very expensive...
But in my opinion, sometimes it is not safer to keep money in a bank than in the cryptocurrencies, at least in my country!


Title: Re: Is Bitcoin such a big risk?
Post by: adzino on September 02, 2020, 07:17:58 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
To some extent it is true. The future of bitcoin and other crypto currencies are not known. If every country starts to ban crypto currencies, the price of it is going to fall very badly. But, the chances of that happening is quite low. In fact a lot of governments/countries are supporting the usage of crypto currencies and are trying to regulate it in a proper way so that people can use it legally without any problem.
If you think of investing it for a short term, then yeah there are huge risks. But, if it going to be a long term investment, then remember, the price of bitcoin always tends to increase in the long run, so you will eventually make profit.


Title: Re: Is Bitcoin such a big risk?
Post by: AniviaBtc on September 02, 2020, 09:18:22 AM
Bitcoin is a big risk, but with a big profit and goals.

It is not only a digital currency, it is not only about risks.

Bitcoin can change someone's life if he is good at observing the market, if he is good at reading news and articles regarding the economy.

If you will choose between investing in bitcoin and gambling with bitcoin, investments are much good and safe compared to gambling which is really risky and have a lower probability of winning. If you try to risk your bitcoin in that way then it is nonsense. Just invest in bitcoin and deal with its risks in the market due to its volatility.


Title: Re: Is Bitcoin such a big risk?
Post by: Peanutswar on September 02, 2020, 09:23:46 AM
Bitcoin is a big risk, but with a big profit and goals.

It is not only a digital currency, it is not only about risks.

Bitcoin can change someone's life if he is good at observing the market, if he is good at reading news and articles regarding the economy.



Many people too would like to makes an investment with the Bitcoin because it's volatile which is a good thing because once making an investment when the marker price drops and sell it when the price reach ATH still this is risky at the same time because we cannot make sure that the market will going to uptrend so investment on bitcoin too requires a lot of knowledge and skills.

Many people getting lose on this investment because they don't have time to learn and explore.



If you will choose between investing in bitcoin and gambling with bitcoin, investments are much good and safe compared to gambling which is really risky and have a lower probability of winning. If you try to risk your bitcoin in that way then it is nonsense. Just invest in bitcoin and deal with its risks in the market due to its volatility.

For me at the same time ill make an investment than playing gambling because I already hold from the lowest market price so I'm waiting on my profit than playing gambling that there is a 100 percent you will lose.


Title: Re: Is Bitcoin such a big risk?
Post by: pragna on September 02, 2020, 09:35:45 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

First of all risk is everywhere. BTC is as much risky as much fruitful. So you have to take risk if you want to gain big amount that you will not gain from flat currency. If you see the market last 4 months how BTC pump that can not come from flat investment so that people invest here for high dividends. On the other hand some people has huge money and they try here as a lucky chance so that if market fall they can wait because everybody knows that today or tomorrow crypto market will pump and that time we have to wait.


Title: Re: Is Bitcoin such a big risk?
Post by: Tipstar on September 02, 2020, 09:39:31 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

First of all risk is everywhere. BTC is as much risky as much fruitful. So you have to take risk if you want to gain big amount that you will not gain from flat currency. If you see the market last 4 months how BTC pump that can not come from flat investment so that people invest here for high dividends. On the other hand some people has huge money and they try here as a lucky chance so that if market fall they can wait because everybody knows that today or tomorrow crypto market will pump and that time we have to wait.

Correctly said. Risk are everywhere and investing in just one thing may bring a disaster. The proportion of your investment also depends on where you live (and what you do). It's been seen that most investment on crypto comes from economies that are volatile or the inflation are higher. The countries where there are direct economic uncertainties and where  the government can confiscate your money without any valid reasons. And even for a sound financial economy, crypto would act as an insurance as it's one of the most global value you can get your hands on. It's easier to hold, carry and move.


Title: Re: Is Bitcoin such a big risk?
Post by: GDragon on September 02, 2020, 09:44:34 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

If you are talking about a spare money, the money you would not think of every single time, and you'd still have spare for emergency and for everyday use. I think it will be safe to store it in bitcoin, just don't use all of your money. Btc price will go down but it will always go up.

One reason that some people see btc risky aside from its volatility is the image it has to other people. It has this image of scams and illegal use, but you shouldn't worry if you are knowledgeable about this technology. You can do safe and secured ways to store your bitcoins.

I just thought that everything we do in life should have a certain risk. If you are running away from risk, then you are living your life without the chance to improve it or live a better one.


Title: Re: Is Bitcoin such a big risk?
Post by: proscratcher on September 02, 2020, 09:55:04 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Its depends on your risk aversion, but bitcoin through time have shown that it has a good potential, risk reward is very high. Yes, just invest what you can afford to lose, and we have to remember that it is not necessary to get 1 BTC, you can use dollar cost average to stack sats and eventually, you can get to that 1 BTC club. Fiat saving? nah, I would rather invest my money on bitcoin and take the risk, and I'm sure majority here does.


I agree with you but do you think bitcoin will worth more than $12k in the next 5years? I'm considering ETH as alternative to BTC.


Title: Re: Is Bitcoin such a big risk?
Post by: Lorence.xD on September 02, 2020, 12:32:21 PM
Anything related to currency certainly has risks, buying bitcoin with money can certainly risk losing value if the price drops, but I have other experiences in my country that there have been cases where people save their big money in a private bank then the bank goes bankrupt, Currently the fate of customers is frustrated to hear that, so actually everything is full of risk depending on how that person keeps their money, I prefer to put my money in crypto
There is a certain truth regarding risks about currency but that should not be a problem to be worried about. Like what OP and others said, do not invest what you can't afford to lose or something like that. The problem with the banks as mentioned above is they need the customers to stay afloat, the money that is remitted in serves as a lifeline of the bank, I know that there are other factors that play in the bank situation but that is the basic of it.


Title: Re: Is Bitcoin such a big risk?
Post by: FlightyPouch on September 02, 2020, 12:55:04 PM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

I'd rather risk my money in bitcoin and other crypto currencies rather than saving them in a bank's saving account. They gave small profit through time while bitcoin may be risky, at least it could give results or even profits in a short period of time. Other crypto currencies might even double that amount in a short period of time.


Title: Re: Is Bitcoin such a big risk?
Post by: Eugenar on September 02, 2020, 01:13:39 PM
Any form of investment will also generate risk, and that's the fact. Ofcourse putting your fiat on hold will not create risk but will also not generate profit to put it simple. In the first place, it depends to the individual whether to engage in an investment or not. Bitcoin and other cryptos are having volatile market value compared to the majority of the stock market investment. But observe how popular cryptos are whenever there is an upward movement regarding their market value. The logic behind here is that, putting your money in Bitcoin will surely be risky but the higher the risk, the higher the chance to earn profit. But this is not applicable to all of the situations.


Title: Re: Is Bitcoin such a big risk?
Post by: Hypnosis00 on September 02, 2020, 01:36:58 PM
You definitely not find any investment that has no risk. We may think that Bitcoin is of high risk and we can't deny it but you should wonder why there are a lot of people investing Bitcoin? Because they know and find out that Bitcoin is profitable behind that risk and people had tried to keep positive in front of this challenge.

Higher risk=big profit.


Title: Re: Is Bitcoin such a big risk?
Post by: Sebas.tian on September 02, 2020, 01:56:31 PM
Anything related to currency certainly has risks, buying bitcoin with money can certainly risk losing value if the price drops, but I have other experiences in my country that there have been cases where people save their big money in a private bank then the bank goes bankrupt, Currently the fate of customers is frustrated to hear that, so actually everything is full of risk depending on how that person keeps their money, I prefer to put my money in crypto
Not only in currency but life in general. Bitcoin as a digital currency has good risk from the beginning which had been managed by users from inception including myself, so, nothing should be new to investors. Fear of losing money is not only associated with Bitcoin but all investment packages, buy Bitcoin for a long-term will surely give some good opportunities of ROI in future. Those who don't take risk in Bitcoin and went ahead with shitcoins always end up regrettably. Bitcoin has minimal risk than shitcoins.


Title: Re: Is Bitcoin such a big risk?
Post by: pawanjain on September 02, 2020, 02:42:02 PM
It's just a matter of perception of how people think of bitcoin. The main motive of bitcoin was to eliminate the middle man(banks).
The people who believe in it are the ones who do not care about the risk involved in bitcoin and the others who think there is the risk of holding bitcoin are the ones who think fiat money will stay forever but the reality every monetary system changes as a newer and better monetary system is developed.
Bitcoin is next generation money and even if does not evolve to be a mainstream payment system it will pave the way for other cryptocurrencies to evolve into mainstream payment methods. Even then bitcoin will still stay there because nobody owns it. It's gonna stay forever on the internet.


Title: Re: Is Bitcoin such a big risk?
Post by: MCobian on September 02, 2020, 02:54:39 PM
Since Bitcoin reached its all time high in 2017 and experienced a dump in 2018, this proves that investing in Bitcoin has risks
which is very high. Therefore, always invest money that we can afford to lose, so that when we experience losses it is easier
to get up. And invest in Bitcoin gradually, so when the price goes down you can buy Bitcoin at a low price.


Title: Re: Is Bitcoin such a big risk?
Post by: Cryptocurrency Hunter on September 02, 2020, 03:16:34 PM
Bitcoin started to rise as the gap between circulating supply and max supply decreased, and I'm sure Bitcoin will double itself once this difference ends. I also think it could possibly reach a great value, so I don't think Bitcoin poses any danger.


Title: Re: Bitcoin là một nguy cơ lớn như vậy?
Post by: noorammak on September 02, 2020, 05:07:01 PM
I think bitcoin should be an investment and should be kept long term. Cash is full of power because payment systems accept cash. If anyone thinks that keeping your money in bitcoin is wrong because if bitcoin falls in price it is catastrophic. We do not know when they will go down in price, so we should not keep the majority of the cash in bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: SomeJasonGuy on September 02, 2020, 06:53:55 PM
it all boils down to perspective. A newbie may see it as a risk but a person who's been in the space for a few years wouldn't view it the same way. Even the newbie will see it as less risky after few years. But what if his wallet gets hacked or he carelessly uses some unsecure software? His funds get stolen and he sees it as a risk.
Age matters too. A person in his 20s would be able to risk it all and lose his lifesaving, but a person in their 40s with a family typically wouldn't even dare.
Even bitcoin's age has a lot to do with it. In its infancy it'd been seen as more of a risk than now 10 years later...
So there are many different ways to look at it. Personally, if you're secure about the way you store your funds and use them, it's not a risk at all.
But being careful is the key.


Title: Re: Is Bitcoin such a big risk?
Post by: pixie85 on September 02, 2020, 09:59:51 PM
Anything related to currency certainly has risks, buying bitcoin with money can certainly risk losing value if the price drops, but I have other experiences in my country that there have been cases where people save their big money in a private bank then the bank goes bankrupt, Currently the fate of customers is frustrated to hear that, so actually everything is full of risk depending on how that person keeps their money, I prefer to put my money in crypto

Anything related to life has risks :D

There are only bigger and smaller ones but you take a risk in everything you do. As long as the reward grows proportionally to the risk you're fine. The important rule to follow in life is to avoid unnecessary risk. Follow it and you'll be fine most of the time ;) Personally I'm heavily invested in Bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: Ronaldcoin2017 on September 03, 2020, 03:33:12 AM
Bitcoin is already been trusted and it is not that risky as we invest or buy new coin. Bitcoin is already proven and tested for a long time,so i think thete is no reason to get worried if we invest into it. I think bitcoin is more better than any other coin that is new in crypto because some of new coins are scam and some re still in stage of developement so i prefer on bitcoin than other coin in thr crypto feild.


Title: Re: Is Bitcoin such a big risk?
Post by: Debonaire217 on September 03, 2020, 05:20:00 AM
Bitcoin is already been trusted and it is not that risky as we invest or buy new coin. Bitcoin is already proven and tested for a long time,so i think thete is no reason to get worried if we invest into it. I think bitcoin is more better than any other coin that is new in crypto because some of new coins are scam and some re still in stage of developement so i prefer on bitcoin than other coin in thr crypto feild.

There are some instances that people call bitcoin as the real crypto, but that doesn't matter, they are all built in the same structure but just in different blockchain and thanks to bitcoin who started all of that. I can say, bitcoin is a big risk if your knowledge about it is low.

The more knowledge you have in bitcoin, the less the risk you could have when you start investing in it. Perhaps, a brief study of its history will really help you to understand it's behavior today even if it seems to be unpredictable. We need to understand the risk in volatility, FOMO and hypes made by some personalities. We should know how to cope up with it basically by being patient enough to wait for profits. I can assure you, even if you buy from ATH, as long as you can resist not to sell it in lower price, you can earn in Bitcoin. What more, if you know when to buy especially at lower price?


Title: Re: Is Bitcoin such a big risk?
Post by: LogitechMouse on September 03, 2020, 10:26:26 AM
but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
In terms of risk, fiat savings account would be better since it is less risky compare to your money putting in Bitcoin or crypto in general but in the long run putting your money in savings account will not be profitable since it will be eaten by the inflation.

In terms of profit, crypto is better. No further explanation as we know it already unless you are good in trading Forex then you can disagree with me :D.

For me, holding most of my money and putting it in a savings account would be more risky compare to investing my money into crypto. Inflation is the big problem in fiat currency and we are in a pandemic right now and most of the governments are slowly printing more money to save their economy - more than the required money to print annually.

I know how crypto moves already and volatility isn't a thing for me anymore but for those newbie investor then they may lose their money because of it. Just hold bitcoin :D.


Title: Re: Is Bitcoin such a big risk?
Post by: ttcsalam on September 03, 2020, 12:19:46 PM
Risk exists in all cases.There is a language in the language of business.Business is a lot of risk and uncertainty.So profit cannot be expected without risk.
Many people think that Bitcoin is a risk.I don’t think there is any risk here if you can make the right decision at the right time.It is possible to make a profit if you can invest when the market is good.


Title: Re: Is Bitcoin such a big risk?
Post by: imstillthebest on September 03, 2020, 02:10:55 PM
Risk exists in all cases.There is a language in the language of business.Business is a lot of risk and uncertainty.So profit cannot be expected without risk.
On what business you are dealing with ? Because there are business with zero or less risk only specifically small type of business or business where you already have the resources or the resources are only cheap to acquire .

Quote
Many people think that Bitcoin is a risk.I don’t think there is any risk here if you can make the right decision at the right time.It is possible to make a profit if you can invest when the market is good
Bitcoin can be or can't be a business  . You are the one that choose if you want to take risk or not .  There's a risk if you want to make business here on btc but like I said earlier , that risk aren't always big but we can adjust it .


Title: Re: Is Bitcoin such a big risk?
Post by: achach on September 03, 2020, 02:22:49 PM
Our whole life is a risk. Bitcoin is only a small part of it.


Title: Re: Is Bitcoin such a big risk?
Post by: Kez1817 on September 03, 2020, 03:59:39 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

For me it is always riskier to place money in bitcoin and other cryptocurrency because there is a possibility that they will lost their money. But I also believe smart people will take the risk in investing in crypto specially this time of covid crisis because it will give them more profit rather than holding their funds in a bank and let the third party keep it just to insure that they will not lose their money.


Title: Re: Is Bitcoin such a big risk?
Post by: ufaiz50 on September 03, 2020, 04:47:24 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
Investing and saving are very different, if you look at the lowest risk side then the best option is to save fiat but the value of your money will decrease as inflation increases in your country. Indeed, for some people, investing in bitcoin only uses what you can afford to lose, that's fine considering crypto investing is full of fluctuations so if you are not concerned in the crypto industry then you will quickly lose your money. But in a cryptocurrency or bitcoin investment that has a big risk, there must be a big profit hiding behind it.


Title: Re: Is Bitcoin such a big risk?
Post by: kevinzxz on September 03, 2020, 11:49:26 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

of course I think it is more risky to invest in Bitcoin than fiat, because Bitcoin is not legal and cannot be used as a transaction in countries, whereas fiat is a legal currency and has been recognized by all countries, but if you want to invest and get a big profit, then I suggest you better to save your money in Bitcoin, because the price of Bitcoin can increase very high even though the risk is also big (the price of Bitcoin can go down very far), so if you really want to invest in Bitcoin, then you must be prepared for a very big risk, because every investment that provides a very big profit must have a very big risk too.


Title: Re: Is Bitcoin such a big risk?
Post by: bitzizzix on September 04, 2020, 01:45:20 AM
Bitcoin is a huge potential that is very exciting in changing the world, but you also have to understand the risks that will be faced and most importantly, do some learning first and understand very well how bitcoin works and the risks.
Be aware that investing anywhere carries different risks, and the value of Bitcoin is determined by the number of people or businesses accepting bitcoin and if bitcoin grows this will be good for Bitcoin, but if fewer people use bitcoin it will negatively impact bitcoin price and users. .
and there are many other things that need to be known the risks and it must be remembered that bitcoin is very volatile, where the price can change significantly from time to time.


Title: Re: Is Bitcoin such a big risk?
Post by: AjithBtc on September 04, 2020, 02:11:07 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
If you have watched investment related ads, you could've noticed the statement. Investments are subject to market risks, same is applicable for cryptocurrency as well. Just because it is risky people aren't investing. No, it is just a realisation and further people invest.

With cryptocurrency the market is highly volatile, and that's why it is suggested to invest/hold what you can afford to loss. If one has invested his entire earning and if it crashes hard when required to cash it out then what he experience is a massive loss. For this reason the risk with cryptocurrency based investment is exaggerated.


Title: Re: Is Bitcoin such a big risk?
Post by: mandor on September 04, 2020, 02:18:29 AM
That's an option, if you want to put all your money into Bitcoin that's it doesn't matter as long as Bitcoin is alive and if the world of technology is destroyed then you have to be prepared to lose it all. I personally choose 50% for Bitcoin and 50% for saving it in a savings account. there is nothing that is not risky in the crypto world, if you dare to invest, then you must be willing to accept risks and that's it can't be avoided.


Title: Re: Is Bitcoin such a big risk?
Post by: Astvile on September 04, 2020, 03:48:36 AM
Seeing how bitcoin performs this past few years I personally think bag holding bitcoin isn't that big of a risk. We always see bitcoin going up almost every year, but still bitcoin is unpredictable but for me it isn't that big of a risk compared in storing it in fiat savings account plus bag holding bitcoin offers more chance of profiting compared to putting in your money onto a bank.


Title: Re: Is Bitcoin such a big risk?
Post by: lenovop-70 on September 04, 2020, 03:56:03 AM
Better to put your money on BTC, it is safe and indestructible, just imagine when you put your money on bank and war everywhere, how can you take your money back, or how if you put your money on safety box and your house on fire ?
BTC is solution for your reason of fear loose your money. And you can get profit from holding BTC, ask google how is shes chart going on year by years, you will smile after.


Title: Re: Is Bitcoin such a big risk?
Post by: Janation on September 04, 2020, 03:58:41 AM
but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

It is true that it is riskier Bitcoin is volatile.

But you should consider that Bitcoin can give you bigger profits if you know what you are doing. Wait for a certain amount of time can give you a good profit that a fiat can give you in that time span. Bitcoin is also investing, investing comes with a risk and that is the same with every investment including stocks, bonds and trusts. Bitcoin is just so volatile that it can give you a profit in a short period of time.


Title: Re: Is Bitcoin such a big risk?
Post by: Zemomtum on September 04, 2020, 05:33:20 AM
There is no asset that does not have their risk ratio. Bitcoin has been fair in type of percentage return in comparison to any asset both in digital, stock and forex. In addition, it brought a revolution that will remain in ages and give us a balance to be our own bank -> take responsibility and be in charge of your financial transactions.


Title: Re: Is Bitcoin such a big risk?
Post by: Restmand on September 04, 2020, 07:32:02 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
Invest here in cryptocurrency is very risky because we do not know the moves of the project and so with bitcoin a very risky investment to involve with this  that gives highest earnings when the price increased and that you have bought it at very low price. But when invest in the higher price and the price goes down it gives bad earnings in this case we need to invest only the money we can afford to lose.


Title: Re: Is Bitcoin such a big risk?
Post by: 3meek on September 04, 2020, 08:22:36 AM
Better to put your money on BTC, it is safe and indestructible, just imagine when you put your money on bank and war everywhere, how can you take your money back, or how if you put your money on safety box and your house on fire ?
BTC is solution for your reason of fear loose your money. And you can get profit from holding BTC, ask google how is shes chart going on year by years, you will smile after.

I am certainly a supporter of cryptocurrency and bitcoin! But try to tell about successful investments in bitcoin to those people who bought it a couple of years ago at the price of 18-20K... ;D


Title: Re: Is Bitcoin such a big risk?
Post by: gorge441 on September 04, 2020, 08:44:22 AM
Probably not. I guess it will clear within 2-3 years, or soon.


Title: Re: Is Bitcoin such a big risk?
Post by: Oppo57 on September 04, 2020, 09:34:23 AM
Cryptocurrency has some risk potential in all trades that are risky. I think you have very little chance of losing money if you keep Bitcoin money but you have to be careful when it comes to investing in business. So I would say you can invest in Bitcoin with confidence.


Title: Re: Is Bitcoin such a big risk?
Post by: (o)(o)ilikeboobs(o)(o) on September 04, 2020, 09:57:57 AM
I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.


Title: Re: Is Bitcoin such a big risk?
Post by: milani on September 04, 2020, 10:09:39 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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


Of course there are lots of risks and they were, are and always will be in every direction where money and some kind of assets are used or involved. And of course the advise worked always to invest sone amount that is not the last on your wallet. In case of losing it will not be so painfully. And it does not depend on whete exactly you are keeping your assets or money - bank or crypto account, or even at home. It is the mistaken belief to consider crypto as more risky)) Bank may be closed unexpectedly, money of your country may be devaluated and so on.  In my opinion assets or money should work and be multiplied in other language what is the sense in it to hold them under your pillow - just multiply them and be ready to risk  or just live from day to day and spend them for your joy, but don't let them to lie dead weight ))


Title: Re: Is Bitcoin such a big risk?
Post by: nasipadang on September 04, 2020, 11:42:34 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
It is clear that bitcoin carries a greater risk than storing it. I'm sure most users here look at the risk side of losing, even though if we dig again, the risk of bitcoin is not only in fluctuations, for example there is no investment guarantee letter. Apart from that we are talking about an investment which definitely has a greater risk than saving any form of storage, while the benefit of an investment is additional income / profit. Judging from the pandemic that has occurred, the bitcoin or cryptocurrency market has a livelier market, so be more careful in investing in cryptocurrencies that have fast fluctuations.


Title: Re: Is Bitcoin such a big risk?
Post by: FlightyPouch on September 04, 2020, 01:54:48 PM
I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.

I won't say dangerous but more of higher risk but that depends on what is their purpose in using bitcoin. If they wanted to use it, I don't see any danger from it, if they are investing, that is when we talk about higher risk since they have low knowledge about it. We are the same, when we started we are at that risk but we learn it as it rolls.


Title: Re: Is Bitcoin such a big risk?
Post by: Kong Hey Pakboy on September 04, 2020, 02:04:43 PM
I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.
I think it would not be dangerous for people who are new in cryptocurrency or investing in bitcoin about experiencing risk because it is normal for every investor to experience losses, and the bitcoin market is too unpredictable due to it's volatility. So even you understand how the market works, you can't still avoid having losses from your investment.


Title: Re: Is Bitcoin such a big risk?
Post by: bonjouros on September 04, 2020, 02:07:02 PM
Anything will have a huge risk if you don't know what you are doing but if you will start researching first on how crypto works and how you can lessen the risk in investing to bitcoin then you don't have to worry a thing.

Bitcoin has a bright future and many believes it and if you are planning to put your saving to bitcoin then you are not in a wrong place but you should make sure first that you already know the basics on how crypto works and also to bitcoin.

If you are going to check the price of bitcoin, way back from the time that it was being launched then you can say already that it's progress is very
amazing and you can rest assure that your saving will not be in danger as long as you know what you are doing. Buy in a right time and sell it in a right time, don't panic, be wise and be patient so you can get your profit in the end.


Title: Re: Is Bitcoin such a big risk?
Post by: lumeire on September 04, 2020, 07:32:15 PM
I think it would not be dangerous for people who are new in cryptocurrency or investing in bitcoin about experiencing risk because it is normal for every investor to experience losses, and the bitcoin market is too unpredictable due to it's volatility. So even you understand how the market works, you can't still avoid having losses from your investment.
People also have a tendance to invest in the Cryptocurrency or stocks when the news and online websites are talking about it, instead they should always watch the prices closely when the media is talking about these investments and make a watchlist and when the price comes down then they should buy bitcoins or any stocks that they are interested in.

 I saw many get rekt in the last bull run when they sold their car in order to buy bitcoin above $15k and then all of a sudden the price went below $10k, so for these kind of investors the area of investment is risky and they should keep their money either in gold or maybe in real estate.


Title: Re: Is Bitcoin such a big risk?
Post by: CarnagexD on September 04, 2020, 08:03:05 PM
Anything will have a huge risk if you don't know what you are doing but if you will start researching first on how crypto works and how you can lessen the risk in investing to bitcoin then you don't have to worry a thing.
Even if you do a lot of research if the market does not favor your decision you'll always end up being in the last. I agree, you can lessen the risk in investing with bitcoin when you already know the fundamentals, but as soon as you get into it you'll notice that it gets complicated as you get closer to bitcoin. Whether you know a lot about bitcoin or not, the risk in investing with bitcoin is high because it is decentralized.

Bitcoin has a bright future and many believes it and if you are planning to put your saving to bitcoin then you are not in a wrong place but you should make sure first that you already know the basics on how crypto works and also to bitcoin.
The potential of bitcoin is great, however what my view on it is that it will fade when new coin comes, a lot better and improved but it will depend on the people if they really want the bitcoin to succeed, in the end people behind the price of bitcoin will decide where bitcoin will go in the future.



Title: Re: Is Bitcoin such a big risk?
Post by: kayvie on September 04, 2020, 08:13:25 PM
I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
The answer is obvious, it is riskier to place your money in bitcoin than holding them as a fiat. It is just that, you have to face those risk to have the possibility of making a profit, it is like a gamble where you don't guarantee whether your money in bitcoin will increase or decrease. If you hold them in fiat, even if you hold it for many years, its value will be the same.


Title: Re: Is Bitcoin such a big risk?
Post by: Anna138 on September 04, 2020, 11:18:45 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
Of course, it is safer to keep money in a savings account in a Bank, because banks have the function of guaranteed money back in the event of devaluation and financial crisis. In Russia, for example, one and a half million is a guaranteed amount of money back in case of complete bankruptcy. I think other countries also have similar capital preservation programs.


Title: Re: Is Bitcoin such a big risk?
Post by: Lizzie_Girl on September 07, 2020, 05:34:08 PM
I say just keep what you get. If you earn crypto keep it and spend and use it. If you get paid fiat do the same. If you convert one to the other to feels like you expecting it to do well or you will be upset you lost value/money. If you just accept whatever you are paid in then you will have a variety of options without a choice so accept as many payment options as you can for whatever work you do. If you work a normal 9-5 job and earn fiat then you should probably not invest more then you can afford to lose as you have said.


Title: Re: Is Bitcoin such a big risk?
Post by: skarais on September 07, 2020, 06:14:43 PM
Price volatility is a risk that exist with bitcoin. Also bitcoin is not a recommended place to store value as its price keep fluctuating and also this asset is still quite young.
"You shouldnt keep money that you cant afford to lose with Bitcoin". These word should be taken as a warning that bitcoin is a high risk asset. Usually investor and trader will also get a warning from the exchange before they spend money buying coin or trading.

Storing money in bank saving (deposito) in the form of fiat is an effort made by those who cant accept the risk of bitcoin volatility. This option is much safer for them and will also have the opportunity to receive a few percent annual interest from the bank.


Title: Re: Is Bitcoin such a big risk?
Post by: KimberlyCon on September 07, 2020, 06:28:18 PM
You can never invest if you can't afford to lose. No matter if this is BTC or houses.
BTC will grow up within the years and in my opinion this is the best investment rn


Title: Re: Is Bitcoin such a big risk?
Post by: 3meek on September 07, 2020, 06:44:38 PM
You can never invest if you can't afford to lose. No matter if this is BTC or houses.
BTC will grow up within the years and in my opinion this is the best investment rn

It may well be so! But it seems to me that we should have invested much earlier... Now you can only speculate on a bitcoin course! I don't think that investing in it can bring a good profit...
But if we don't talk about investments, it's just cool to have bitcoins! ;)


Title: Re: Is Bitcoin such a big risk?
Post by: 0nline on September 08, 2020, 04:37:44 AM
Every investment can have its risks, bitcoin has pretty low risk I would say though.


Title: Re: Is Bitcoin such a big risk?
Post by: ibuddy122505 on September 08, 2020, 04:17:27 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
No investment is risk-free. but, but let the risk to a minimum. The deposit in the account is the dead currency, it does not bring you any profit. Bitcoin is a worthwhile place to invest.
-pho
Bitcoin has the potential and most valuable thing in the world. So, yes get some bitcoin, and keep it till next year bullish run. You're only responsible to loose your money if you don't know how to manage it. Don't over react since Bitcoin is in a downtrend again, overall it's struggling at 10K.


Title: Re: Is Bitcoin such a big risk?
Post by: bitzizzix on September 08, 2020, 04:55:04 PM
The risk will be very small if you understand and know in detail the nature and workings of cryptocurrency or bitcoin, don't try to invest anywhere, including bitcoin without adequate knowledge support because everything related to investing must have risks and must be prepared to face it.
Many people lose money investing in Bitcoin even though they don't really understand it, they do it anyway and they don't know when to buy or sell and so on at the most appropriate time, and another reason they are too rushed, to own bitcoin and buy directly through the exchange without studying it first as this is a high risk considering the fluctuation in value can be quite extreme.


Title: Re: Is Bitcoin such a big risk?
Post by: online73 on September 09, 2020, 06:01:02 PM
Hello to all. Everything that people have invented - everything is risky, and the cryptocurrency market and the price of cryptocurrency are highly manipulative - of course, if you don't adhere to certain rules, sometimes just breathing becomes risky. You just don't need to be afraid of the fears of those people who are already afraid - you need to go forward and overcome fears by learning. Sometimes there are losses, but this is a kind of tuition fee. Even in a 100% scam, you can earn if you adhere to the rules, and Bitcoin is technology, it is a revolution and, to a certain extent, freedom. As smart people say, "fear has big eyes."


Title: Re: Is Bitcoin such a big risk?
Post by: Chainsmokers on September 09, 2020, 06:17:59 PM
all are at high risk if we want to store our assets in a digital world there are always loopholes although security looks good, I don't think I save a large amount, especially in the form of bitcoin better save for real and have less risk


Title: Re: Is Bitcoin such a big risk?
Post by: mezzaluna on September 09, 2020, 07:22:18 PM
Hello to all. Everything that people have invented - everything is risky, and the cryptocurrency market and the price of cryptocurrency are highly manipulative - of course, if you don't adhere to certain rules, sometimes just breathing becomes risky. You just don't need to be afraid of the fears of those people who are already afraid - you need to go forward and overcome fears by learning. Sometimes there are losses, but this is a kind of tuition fee. Even in a 100% scam, you can earn if you adhere to the rules, and Bitcoin is technology, it is a revolution and, to a certain extent, freedom. As smart people say, "fear has big eyes."

Well, you don't have to tag everything as risky since people already feels that way. What they are scared of is losing something so big that they have not yet even studied for. Everybody know its a risk but losing out on it is not better since they are missing out on some aspects that might even make them happy or do something worthwhile for their own time. Experience is always the best teacher and facing loss is just natural.


Title: Re: Is Bitcoin such a big risk?
Post by: DatKing on September 09, 2020, 08:45:45 PM
Firstly, I would like to say that cryptocurrency market is volatile and too many people know this. So, we can say that it always carries risks when you decide to invest in a cryptocurrency. But you can also profit from Bitcoin much more than you could imagine compared to a fiat money in the long term. I also think that Bitcoin has a very strong system because it has been listed in the market for 11 years and Bitcoin use is increasing in different fields year by year. So, I would prefer investing in Bitcoin compared to fiat money if I had to choose one of them.


Title: Re: Is Bitcoin such a big risk?
Post by: Kgn78692 on September 10, 2020, 12:05:32 PM
I think you should not put all of your money in just one place and the thing is that invest that amount of money in bitcoin which you can afford to lose because this market is highly fluctuate as compared to any other market I will recommend you before investing in bitcoin you should learn from existing bitcoin investor


Title: Re: Is Bitcoin such a big risk?
Post by: Fredomago on September 10, 2020, 12:15:06 PM
Firstly, I would like to say that cryptocurrency market is volatile and too many people know this.
Those people who do their research knew about the volatile nature of this industry, but for those who learned bitcoin
by words from relatives or friends mostly not aware of this.

Quote
So, we can say that it always carries risks when you decide to invest in a cryptocurrency. But you can also profit from Bitcoin much more than you could imagine compared to a fiat money in the long term.
In terms of investment, bitcoin do rise in value compared to fiat. If you are good and you understand ow to work with volatility
you can easily earned by holding this coin.

Quote
I also think that Bitcoin has a very strong system because it has been listed in the market for 11 years and Bitcoin use is increasing in different fields year by year. So, I would prefer investing in Bitcoin compared to fiat money if I had to choose one of them.

Bitcoin already been there for such long time, and most people see the value of this system after this pandemic happened many
now already accepts this cryptocurrency.


Title: Re: Is Bitcoin such a big risk?
Post by: AicecreaME on September 10, 2020, 01:06:33 PM
Investing your money in Bitcoin is a great investment if you don't have any problem financially, because if the price is low, you could just let it sleep in your wallet and wait for it to go to the moon, while investing your money in banks is your whole comfort zone, meaning you won't gain anything big in the long run compare if you're going to invest it on Bitcoin.

It's all about taking the risk or the opportunity to make you money double or even triple if you have the patient to wait for the right moment and you're not listening to rumors.


Title: Re: Is Bitcoin such a big risk?
Post by: jpnl0005 on September 10, 2020, 02:11:21 PM
There is risk in every business bitcoin has a very strong system and has been in the crypto space for years it has a very low risk level i do suggest it to be the  best investment.. all that i needed to do is knowing the right time to buy and the right time to sell bitcoin today has a large number of investors..


Title: Re: Is Bitcoin such a big risk?
Post by: Gibreil on September 10, 2020, 02:27:20 PM
Investing your money in Bitcoin is a great investment if you don't have any problem financially, because if the price is low, you could just let it sleep in your wallet and wait for it to go to the moon, while investing your money in banks is your whole comfort zone, meaning you won't gain anything big in the long run compare if you're going to invest it on Bitcoin.

It's all about taking the risk or the opportunity to make you money double or even triple if you have the patient to wait for the right moment and you're not listening to rumors.
There is always quote about investment, trade what you can afford to lose. People always thought that when you invested in bitcoin and leave it for a couple of months or years, it will grow 200x of your capital. Not knowingly that bitcoin works throughout the market price and buyers or sellers dictate its price. So, they end up in saying that bitcoin is a scam coin.


Title: Re: Is Bitcoin such a big risk?
Post by: gamer4156 on September 10, 2020, 02:51:20 PM
Those who don’t know about bitcoin will surely find bitcoin always scary. One thing to note is that those who know very well about Bitcoin are no longer assholes who will put their money at risk by investing in Bitcoin. They know very well that there is potential for profit here and so they are running after bitcoin. I wouldn't say right now that Bitcoin is one hundred percent secure. In fact, there is no way to improve life very quickly without taking a risk.


Title: Re: Is Bitcoin such a big risk?
Post by: BeManga on September 10, 2020, 03:45:42 PM
It certainly had a risk of its own but in my opinion, Bitcoin is not a big of a risk to other cryptocurrencies, I think Bitcoin has established a safe zone that it will not end up becoming a zero value anymore so if you had spare money why not give it a try,

Some people often don't want to get involved with Bitcoin and other cryptocurrencies because of the fear of that little risk, and I have talked to a friend that said Bitcoin is only for the rich because on the value of bitcoin, But I think even establishing your own business has a risk everything has a risk involved in doing it and doing nothing.


“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
bitcoin is hard to learn and a little bit complicated 
that is why those who dont have knowledge about bitcoin
view it with higher risk because it hard for them to understand at first
every investment really have a risk but they can lower the risk if they have enough knowledge about it


Title: Re: Is Bitcoin such a big risk?
Post by: Benefactor on September 10, 2020, 05:50:04 PM
Many people have very different views on Bitcoin. There is no doubt that it will be online, but I definitely invest in Bitcoin without Any Hesitation. The way the whole world is going about bitcoin now and the way the use of bitcoin is increasing day by day, the risk has come down a lot here. Most of you rich people will see the involvement with bitcoin. The rick here has come down a lot now as it has reached the top of popularity in cryptocurrency market.


Title: Re: Is Bitcoin such a big risk?
Post by: Ayiranorea on September 10, 2020, 05:50:45 PM
Bitcoin will be risk for people who doesn't have basic knowledge about cryptocurrencies. Next is the people who have known about bitcoin, but never used it hearing the negative things happened related to cryptocurrencies. Apart from this people who have lost their funds on hacks state bitcoin as risky. If an user have made money through any of the cryptocurrency, then he won't consider it a big risk.


Title: Re: Is Bitcoin such a big risk?
Post by: Renampun on September 10, 2020, 10:58:23 PM
There is risk in every business bitcoin has a very strong system and has been in the crypto space for years it has a very low risk level i do suggest it to be the  best investment.. all that i needed to do is knowing the right time to buy and the right time to sell bitcoin today has a large number of investors..
risk, in general, is often associated with the condition of rising/falling prices of an asset...
of course, the price of Bitcoin is always changing without any signs but if we can minimize the possibility of loss, then Bitcoin is not a big risk, in essence, you have to know when to buy and when to sell.


Title: Re: Is Bitcoin such a big risk?
Post by: Expecto on September 11, 2020, 08:36:38 PM
I would rather define Bitcoin as "volatile" instead of "risky". Because the volatility is the nature of the cryptocurrency market. Bitcoin or any other cryptocurrency can be seen as "risky" for beginners because they generally don't have much idea about when to buy and to sell a crypto. I accept that it is not so predictable that when Bitcoin will fall and rise. But when you gain experience, you start to predict the changes more correctly.


Title: Re: Is Bitcoin such a big risk?
Post by: milewilda on September 11, 2020, 08:52:37 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Its always been said that crypto investments are risky and that wont really exclude Bitcoin from that even this one is on the  top but doesnt mean that it would really be on the safe side but
we can actually see the potential and this is much more better rather than you do consider on going all in with altcoins.If you do have money to spend on investment then dont ever go all in
always only allocate on the amount which are really just intended for this purpose.Nothing is assured when it comes to future talks this is why we should really be careful if we dont
like to be wrecked or would affect our financial status.


Title: Re: Is Bitcoin such a big risk?
Post by: masphie on September 12, 2020, 01:20:56 AM
in my opinion ...
If we have more money (free money), i think we can invest this coin (bitcoin).
associated with risk, whatever we do there must be risk. And I choose to invest in bitcoin rather than hold fiat.


Title: Re: Is Bitcoin such a big risk?
Post by: geyayy on September 12, 2020, 06:42:10 AM
Those who don’t know about bitcoin will surely find bitcoin always scary. One thing to note is that those who know very well about Bitcoin are no longer assholes who will put their money at risk by investing in Bitcoin. They know very well that there is potential for profit here and so they are running after bitcoin. I wouldn't say right now that Bitcoin is one hundred percent secure. In fact, there is no way to improve life very quickly without taking a risk.
   I agree with your statement, sir. Being unknowledgeable in bitcoin or other cryptocurrency will surely let them feel scared or anxious in investing here. Once you know your way in to this business, you'll be surely leaving in the right exit with a smile. Thorough research is also a must if you're going to risk at it.

   Bitcoin's price is very volatile, so during this pandemic, it ain't the right time for putting your investment here, especially if you don't have enough to lose.


Title: Re: Is Bitcoin such a big risk?
Post by: Upgate on September 13, 2020, 07:47:56 AM
How will you succeed in life, if you don't take a risk. This life is all about taking risk. It's better to try on something new (crypto) than not trying.
The only risk in crypto is not keeping your private keys safe and also investing with your life saving money, expecting a quick returns immediately. Apart from that, I see nothing risky about crypto.


Title: Re: Is Bitcoin such a big risk?
Post by: JuSayCo on September 13, 2020, 08:01:33 AM
It certainly had a risk of its own but in my opinion, Bitcoin is not a big of a risk to other cryptocurrencies, I think Bitcoin has established a safe zone that it will not end up becoming a zero value anymore so if you had spare money why not give it a try,

Some people often don't want to get involved with Bitcoin and other cryptocurrencies because of the fear of that little risk, and I have talked to a friend that said Bitcoin is only for the rich because on the value of bitcoin, But I think even establishing your own business has a risk everything has a risk involved in doing it and doing nothing.


“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg

You said it right. I also heard those people that are so afraid to engage themselves with Bitcoin and are so hesitant in knowing it deeply because they believe that its for the rich people and they have no capability of learning its whole great features. If only they will change their mindset and will have the courage in taking risks before concluding the wrong idea, perhaps the world will be more happier and richer.


Title: Re: Is Bitcoin such a big risk?
Post by: worldofcoins on September 13, 2020, 08:22:08 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

It's true Bitcoin and other crypto come under Volatile assets in term of price but that's a small price to pay for a decentralized currency.


Title: Re: Is Bitcoin such a big risk?
Post by: pokeronlinestatus on September 18, 2020, 05:06:14 AM
You’re the one to make that choice for yourself. But for me, I don’t rely on one thing, I don’t even invest only in Bitcoin, I try to invest in other assets I think are good also.

Yes in times of crisis, it’s quite risky to leave your money all in a savings account because your country’s economy might be hit pretty bad and the currency will fall and you will be the one to lose because there will be inflation and you won’t be able to afford some of the things in the market any longer.

So, it’s good to invest your money and also keep some of them in your savings. There is a saying that you shouldn’t keep all your eggs in one basket.


Title: Re: Is Bitcoin such a big risk?
Post by: glowing10 on September 18, 2020, 05:32:11 AM
How will you succeed in life, if you don't take a risk. This life is all about taking risk. It's better to try on something new (crypto) than not trying.
The only risk in crypto is not keeping your private keys safe and also investing with your life saving money, expecting a quick returns immediately. Apart from that, I see nothing risky about crypto.

With utmost safety taken and if invested in top coins only say rather than other coins you will still be able to make money from crypto provided you can hold coins if the fall comes in between and wait till it rises further. At times in short time also price rises quickly so one can take advantage of that as well and make some money. Though risk will exist in whatever you do but if as per you capacity if risk is taken should be fine.


Title: Re: Is Bitcoin such a big risk?
Post by: lepbagong on September 18, 2020, 08:03:53 AM
How will you succeed in life, if you don't take a risk. This life is all about taking risk. It's better to try on something new (crypto) than not trying.
The only risk in crypto is not keeping your private keys safe and also investing with your life saving money, expecting a quick returns immediately. Apart from that, I see nothing risky about crypto.

With utmost safety taken and if invested in top coins only say rather than other coins you will still be able to make money from crypto provided you can hold coins if the fall comes in between and wait till it rises further. At times in short time also price rises quickly so one can take advantage of that as well and make some money. Though risk will exist in whatever you do but if as per you capacity if risk is taken should be fine.

In recent months, prices can change quickly and have happened several times, if only you want to invest at that time you will certainly get very good results because everything moves quickly both down and up. we will not know the next movement and it is difficult to predict at this time because the prediction of the end of the year will increase in time.


Title: Re: Is Bitcoin such a big risk?
Post by: Debonaire217 on September 18, 2020, 10:33:21 AM
Definitely, no one should go all in to an investment. But I can say, you can go all in to Bitcoin as it already proved its greatness among other cryptocurrency. But with regards to other altcoins that are just new in the market, we need to be extremely cautious as there's always a potential for us to lose our investment. The strategy that I am using in Bitcoin is to sell BTC to a stable coin when I see it in good price, then buy the dip again rather than to look for fast phasing projects that provides short term profits. It's better to be safe than lose our hard earned money.


Title: Re: Is Bitcoin such a big risk?
Post by: XCANA on September 18, 2020, 10:48:49 AM
There is risk in every business bitcoin has a very strong system and has been in the crypto space for years it has a very low risk level i do suggest it to be the  best investment.. all that i needed to do is knowing the right time to buy and the right time to sell bitcoin today has a large number of investors..
As much as i thought dude, Bitcoin has risk and every other investment out there has too. Risk is everything in life and when talking risk ensure to accept that which can be afford to loss. Bitcoin to me has less risk compared to other products or investment packages, knowing when to buy and when to sell help minimize risk, buy whenever there is dip and hold whenever there is bull, not only that, always monitor the market while holding on a long-term.   


Title: Re: Is Bitcoin such a big risk?
Post by: GDragon on September 18, 2020, 07:35:05 PM
It is riskier in bitcoin of course, its because you'll lose a lot if you enter in the wrong time. Your fiat investments has a risk too but it will be safe in the bank, and you'll not lose it just because of a certain price drop. But just like what others say, higher risk, higher chance of earning. Bitcoin is a big risk but once you win, you'll earn a lot even in a single night. But of course it doesn't happen in weeks, you have to wait and be patient. And all investments has its risk, its just harder to trust bitcoin because of its high volatility.


Title: Re: Is Bitcoin such a big risk?
Post by: GeorgeJohn on September 18, 2020, 10:06:54 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

See many people are myopic in sight, its obvious that no business we can adventure into without lost,besides any business that make up profit is not a progressive business. To risk your cryptoccurrency or bitcoin is the strategies to make finance because its know everywhere that risk takers always propagate.
So therefore I use this medium to recapitulates that all business involve risks, and risky is officially known as backbone of business.
And don't believe any one but believe and trust yourself in terms of bitcoin investment, because when lost or negativities occur in transaction no one can be blame.


Title: Re: Is Bitcoin such a big risk?
Post by: milewilda on September 18, 2020, 10:18:34 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

See many people are myopic in sight, its obvious that no business we can adventure into without lost,besides any business that make up profit is not a progressive business. To risk your cryptoccurrency or bitcoin is the strategies to make finance because its know everywhere that risk takers always propagate.
So therefore I use this medium to recapitulates that all business involve risks, and risky is officially known as backbone of business.
And don't believe any one but believe and trust yourself in terms of bitcoin investment, because when lost or negativities occur in transaction no one can be blame.
No one to be blame but only yourself but people do really have that kind of attitude on blaming all things that he seems the reason on  why he lost which is totally wrong.In every business it does really involve some risk and you cant call it a business when you do really get an assurance or do talks about being on the safe side which is totally not existing on investment world.Bitcoin investment is risky but there are fellas whom do believe that this is on the safe side.Some companies do even reconsider on switching up their cash reserve to Bitcoin which i can say that its a little bit suicide https://pomp.substack.com/p/a-public-company-just-converted-their
For people who do trade and still holding then its their choice and i believe that majority of them do already being aware on the risked involved.


Title: Re: Is Bitcoin such a big risk?
Post by: ololajulo on September 18, 2020, 10:30:13 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
I dont expect such a question from a member of 6 years in the forum. Is the question meant for newbies to learn from? We all know how risky the space is but we think some coins have more risk than the other. Every purchase of bitcoin will give profit in 3 years at most if it is kept safe. The risk in the space is the choice of coin purchased and the safety of the coin in one's possession.ATM Nobody can advice me on the size of fund to invest


Title: Re: Is Bitcoin such a big risk?
Post by: oprahwindfury on September 19, 2020, 09:23:35 AM
Bitcoin is known as the most popular crypto currency.specially, right now this has used more than  previous days.Every currency rate increased while the demand is more.If you check the present rate you will understand that it is out of danger and it's totally fine.

This is old thought.Bitcoin was in trouble before some times back.because some hackers hacked 92 B bitcoin,But the problem  is solved and.hacker got arrested. Now this is more secure and it is safe.
Even though peopel are investing  so relax.. And have pateince


Title: Re: Is Bitcoin such a big risk?
Post by: Jstandhope on September 20, 2020, 02:21:59 PM
Bitcoin is not a big risk, but the problem is most people don't have the right and proper knowledge about crypto currency in general. They don't know how it works and how they can benefit from it. Like when I knew about Bitcoin in 2017 I didn't take it seriously and then Bitcoin was not as expensive as it is today, and so I didn't invest in it because I thought it was Ponzi scheme and would crash the way other Ponzi scheme crashed. But today bitcoin has lasted test of time and it's still making progress and changed the stories of many people.


Title: Re: Is Bitcoin such a big risk?
Post by: royalfestus on September 20, 2020, 02:39:27 PM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

Most countries dont give the return like in bitcoin, maybe none, not in Europe or America. Good financial advisers will look into other investments such as real estate, stocks, commodities etc. Bond is the only fiat saving platform that is rewarding but on a very long term, mostly beyond 5 years, even the reward is not in the size of bitcoin, mostly 15-20% interest not the 10-100x.


Title: Re: Is Bitcoin such a big risk?
Post by: Mpamaegbu on September 20, 2020, 02:53:37 PM
Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
Let me plunge directly into your question while leaving out your bias in the first paragraph (of course, every business is risky). Having said that, I think the technicality of your question still beggars choice. However, relating it with today's world (giving the pandemic) you can easily see that it's a better choice to hold one's money in Bitcoin than in fiat. Amidst this pandemic a lot of countries have suffered loss to the strength of their currencies and financial records, yet Bitcoin keeps soaring in price and value. This, as it stands now, is a simple testament that Bitcoin is the choice to make.


Title: Re: Is Bitcoin such a big risk?
Post by: Inkdatar on September 20, 2020, 04:26:32 PM
Bitcoin is not a big risk, but the problem is most people don't have the right and proper knowledge about crypto currency in general. They don't know how it works and how they can benefit from it. Like when I knew about Bitcoin in 2017 I didn't take it seriously and then Bitcoin was not as expensive as it is today, and so I didn't invest in it because I thought it was Ponzi scheme and would crash the way other Ponzi scheme crashed. But today bitcoin has lasted test of time and it's still making progress and changed the stories of many people.
Actually a lot of people have the regret of not buying of bitcon when it was not well known. Though, moving forward we can still catch this opportunity on accumulating some bitcoin. Every investment is a risk and I agree with you that there's a need for proper knowledge to know how it really works so we can have a deep understanding of every detail before we jump in this industry.


Title: Re: Is Bitcoin such a big risk?
Post by: Bitcoinenthusiasts23 on September 20, 2020, 04:27:43 PM
It may be a risk, but I can guarantee you its the future. Money has the problem of inflation. If we could switch to bitcoin being a standard unit of account and not price it in usdt, this solves the most basic problem of money. However, we would need to peg a value for Bitcoin for this to happen. Only if Satoshi had thought of this.


Title: Re: Is Bitcoin such a big risk?
Post by: s1mer on September 20, 2020, 04:36:00 PM
In my opinion, the risk of investing in Bitcoin drops every day.

Recently MicroStrategy bought $175M worth of Bitcoin and now their crypto assets are valued at $425M, so, based on that, I guess BTC is a pretty good investment right now for years to come.


Title: Re: Is Bitcoin such a big risk?
Post by: BITCOIN4X on September 20, 2020, 04:54:46 PM
~snip
In the context of investing, I think everything has risk and of course these risk can be minimized in the right way. In my opinion, bitcoin can be categorized as one of the asset to invest safely during a pandemic beside that we still have many other option.

But in reality, not everyone in the community and business people like bitcoin because of the risk. There are many consideration that potential bitcoin investor should pay attention to, especially for beginner and bitcoin investing is not suitable for experimentation for those who dont know how it work. Volatility is the main reason and safety the second, in my opinion. During this pandemic I only believed in two investment asset and that was bitcoin and gold.


Title: Re: Is Bitcoin such a big risk?
Post by: panganib999 on September 20, 2020, 08:18:22 PM
Yes, certainly Bitcoin is risky is a beginner or a newbie in the field would hold such crypto. Someone who still do not know how to handle and duly understand how Bitcoin works will really be into the phase of facing the risks associated on investing into Bitcoin. Well actually whether it is fiat or crypto, investment do always have certain risks but that could be manageable if you would make yourself educated about stuffs related on it to better do manage on how will you act on certain situations knowing that your money is at stake. There are really certain risks associated upon doing any investments which makes you in need to make yourself knowledgeable so you can lessen the risks for you do know how to deal with such risks. Actually among other crypto, Bitcoin can be considered to be the most stabilized and trusted crypto so being well-informed about it will make you understand fully Bitcoin. People just find it risky because they haven't even tried it, they are misinformed and they certainly do not know anything about it.


Title: Re: Is Bitcoin such a big risk?
Post by: Zionatin on September 21, 2020, 07:31:09 PM
If you have a weak local currency that loses value often then keeping your money with bitcoins might be a better choice. YOu also won't need to pay banking fees and things like that. Though if you live in a country where the currency is weak you might not have that many options to spend it. I don't think you should look at bitcoin as investing in the traditional sense of the word. More like investing your interest in another form of currency.


Title: Re: Is Bitcoin such a big risk?
Post by: ekeh on September 21, 2020, 08:33:24 PM
Bitcoin is a digital assets, that is always keep appreciate from time to time, which is normally seen it as a movement in the crypto currency industries, hence, bitcoin is not a risk, but is a very cool business to invest on, from financial Freedom.


Title: Re: Is Bitcoin such a big risk?
Post by: seoincorporation on September 21, 2020, 09:04:47 PM
To understand how big a risk it is, then you have to think big.

Suppose you spend $10M on btc today at $10,000 each btc, and in one week it goes down to $8,000... At that point you already lose the 10% of your investment, $2M are gone on that point... That' means it's high risk. Now imagine what happens if it goes down to $5,000. On that point, you will lose 50% of your investment. That's what i call big risk,


Title: Re: Is Bitcoin such a big risk?
Post by: shamimal93 on September 24, 2020, 02:34:04 PM
If you want to keep all your hard earned money in Bitcoin then of course it is risky.  But yes, if you have a lot of extra money, you can try.  Risks are everywhere.  Be it small business or big.  If you do not take risks, you will never be able to do great things.  However, it is also better not to deposit all the money of life in Bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: carlisle1 on September 24, 2020, 02:41:09 PM
If you want to keep all your hard earned money in Bitcoin then of course it is risky.  But yes, if you have a lot of extra money, you can try.  Risks are everywhere.  Be it small business or big.  If you do not take risks, you will never be able to do great things.  However, it is also better not to deposit all the money of life in Bitcoin.
No one will do that BS unless he is too sure about the currency he is betting.

I have read a Man that sold His house and all His assets just to Buy Bitcoin and i am not sure if he sold the Bitcoin when the price pump above his buying price.

but for me?i will never do the same because i don't wanna be a hero or a fool risking everything i have in something i am not sure off.


Title: Re: Is Bitcoin such a big risk?
Post by: Mahdirakib on September 24, 2020, 03:36:41 PM
If you want to keep all your hard earned money in Bitcoin then of course it is risky.  But yes, if you have a lot of extra money, you can try.  Risks are everywhere.  Be it small business or big.  If you do not take risks, you will never be able to do great things.  However, it is also better not to deposit all the money of life in Bitcoin.
Bitcoin investment isn't something like addiction. So no one will use his whole life earning in bitcoin investment. But it's not a bad choice to invest large part of your earnings in bitcoin. Even a small investment in bitcoin may become worthy in future. You can get some inspiration by reading this article (https://www.cnbc.com/amp/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html).


Title: Re: Is Bitcoin such a big risk?
Post by: XEsseKasper on September 24, 2020, 04:27:57 PM
My personal view is that as long there is volatility on crypto market, there will be investor’s interest to invest here. Majority of people on this market are driven by its earning potential. Without it, I am not sure if there would be any interest


Title: Re: Is Bitcoin such a big risk?
Post by: GeorgeJohn on September 24, 2020, 04:47:20 PM
Its encouraging to invest in bitcoin because is decentralized especially interpreneurs who are into different business because fiat which is popular normally reduces its values in fiat savings account, but in bitcoin provided that the price of bitcoin is in constant acceleration the money is saved.
Shall both have similar value but is more preferable to invest in bitcoin because of prob and is decentralized as I stated above.


Title: Re: Is Bitcoin such a big risk?
Post by: Twentyonepaylots on September 24, 2020, 04:53:39 PM
If you want to keep all your hard earned money in Bitcoin then of course it is risky.  But yes, if you have a lot of extra money, you can try.  Risks are everywhere.  Be it small business or big.  If you do not take risks, you will never be able to do great things.  However, it is also better not to deposit all the money of life in Bitcoin.
No one will do that BS unless he is too sure about the currency he is betting.

I have read a Man that sold His house and all His assets just to Buy Bitcoin and i am not sure if he sold the Bitcoin when the price pump above his buying price.
I also had read that story, I don't know what happened to that man now if he already pull it off and enjoy his life or still waiting til bitcoin pumps to his desired price but yea that's a total bullshit putting the rest of your life in a volatile coin, it's like playing russian roulette online.

but for me?i will never do the same because i don't wanna be a hero or a fool risking everything i have in something i am not sure off.
There will be only two things that will happen, it's either you'll be a crypto history for putting your life in bitcoin, or your money will be just a history  ;D


Title: Re: Is Bitcoin such a big risk?
Post by: AakZaki on September 24, 2020, 06:28:56 PM
To understand how big a risk it is, then you have to think big.

Suppose you spend $10M on btc today at $10,000 each btc, and in one week it goes down to $8,000... At that point you already lose the 10% of your investment, $2M are gone on that point... That' means it's high risk. Now imagine what happens if it goes down to $5,000. On that point, you will lose 50% of your investment. That's what i call big risk,
I think it's very risky, I can say this because:
1. Value fluctuates, can be controlled by large fund owners.
2. Bitcoin as a non-functioning currency is just an empty speculative asset.
3. Bitcoin does not yet have a legal basis that regulates and agrees to the whole world.
4. Bitcoin is considered illegal in some countries.

In the end, risk management is the best alternative in dealing with high risk  Bitcoin's .


Title: Re: Is Bitcoin such a big risk?
Post by: Bitcoinislife09 on September 24, 2020, 07:20:59 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Bitcoin is risky because you are just investing in digital money that does not have a physical form comparing it to other digital currency which you could convert in physical money or fiat money. A lot of people know and understand bitcoin technology and they know how risky it is and they are willing to take the risk investing in bitcoin even though it is risky the demand of people today in bitcoin is just high and even me I cant imagine how bitcoin marketplace is going to go down easily.


Title: Re: Is Bitcoin such a big risk?
Post by: yeamin.rsl on September 24, 2020, 07:36:43 PM
In some points bitcoin is risky such as Technology Reliance,Cybertheft (Cryptocurrency is technology-based, which leaves this investment open to cyberattacks), Limited Use , New Technology (Cryptocurrency is still a very young technology. Bitcoin came about roughly 10 years ago, and it has yet to develop into something solid), Unregulated ( cryptocurrencies are currently unregulated by both governments and central banks).

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


Title: Re: Is Bitcoin such a big risk?
Post by: PhilEilhart on September 24, 2020, 07:41:19 PM
Bitcoin, like other cryptocurrencies, is still beneath improvement. Hence, something totally startling seem happen to it, which perpetually happens at the advancement organize not as it were with financial objects but too with test innovations.


Title: Re: Is Bitcoin such a big risk?
Post by: CasherUp on September 25, 2020, 01:44:44 PM
To be honest with you personally I prefer bitcoin for the simple reason that it is decentralized, there is no bank that will tell me how much money I can send daily, of course cryptocurrencies have fluctuations in the market that can be very favorable as against but I am very sure that I prefer a thousand times to save money in cryptocurrencies


Title: Re: Is Bitcoin such a big risk?
Post by: lamigos on September 25, 2020, 08:53:31 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

Bitcoin is risky because you are just investing in digital money that does not have a physical form comparing it to other digital currency which you could convert in physical money or fiat money. A lot of people know and understand bitcoin technology and they know how risky it is and they are willing to take the risk investing in bitcoin even though it is risky the demand of people today in bitcoin is just high and even me I cant imagine how bitcoin marketplace is going to go down easily.
Do you mean the digital dollar or what currency are you talking about? You know that the price of bitcoin is also formed by what you can buy with it, so you can also exchange bitcoins for tangible assets such as currency and goods.


Title: Re: Is Bitcoin such a big risk?
Post by: Mr.sprin on September 26, 2020, 08:15:16 AM
All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.


Title: Re: Is Bitcoin such a big risk?
Post by: Reatim on September 26, 2020, 08:38:45 AM
All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.
Just take time to learn everything first and never be a Noob and greed,because if this 2 comes together then surely you are a lifetime loser.
Investing in crypto is always a Good option but make sure you know the risk and you know when to stop.
never put money in investment that you don't really understand so better be aware of that.


Title: Re: Is Bitcoin such a big risk?
Post by: worldofcoins on September 26, 2020, 11:26:25 AM
All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.

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


Title: Re: Is Bitcoin such a big risk?
Post by: taufik0911 on September 26, 2020, 01:25:37 PM
All work has risks, as well as investing in bitcoin there is definitely risk, you are clever at investing in learning and following the development of bitcoin so that the risk will be minimal and without risk and you will benefit.

Doesn't make a difference in which stage you decided for speculation there will be consistently danger of losing cash.
Bitcoin is the place where there are fewer odds of losing cash since it has some capability of expanding cost.
You won't lose cash until you become frenzy and sell coins. Simply hold and see the profit
yes the simplest way is to hold and get profit or cut losses and look for other altcoins to cover loss funds
actually there are many ways to perform recovery but still all of them have a very big risk
I think if you are not ready to take the risk you better not participate in any project and secure your money in gold
Fiat money also has a high risk if inflation occurs


Title: Re: Is Bitcoin such a big risk?
Post by: AicecreaME on September 26, 2020, 03:04:07 PM
Bitcoin, like other cryptocurrencies, is still beneath improvement. Hence, something totally startling seem happen to it, which perpetually happens at the advancement organize not as it were with financial objects but too with test innovations.

I disagree.

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


Title: Re: Is Bitcoin such a big risk?
Post by: zeingrind777 on September 26, 2020, 04:30:03 PM
In my opinion, both have their risks. But I think the bigger risk is when we deposit money in bitcoin because of the extreme price fluctuation. However, with price fluctuations, those of us who save money in bitcoin will get extraordinary profits when the price goes up sharply. this is one of its advantages.


Title: Re: Is Bitcoin such a big risk?
Post by: GeorgeJohn on September 26, 2020, 04:55:48 PM
In some points bitcoin is risky such as Technology Reliance,Cybertheft (Cryptocurrency is technology-based, which leaves this investment open to cyberattacks), Limited Use , New Technology (Cryptocurrency is still a very young technology. Bitcoin came about roughly 10 years ago, and it has yet to develop into something solid), Unregulated ( cryptocurrencies are currently unregulated by both governments and central banks).

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

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


Title: Re: Is Bitcoin such a big risk?
Post by: Initscri on September 26, 2020, 11:16:51 PM
Bitcoin is definitely a risky investment. Hence the saying "only invest what you're willing to lose".

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


Title: Re: Is Bitcoin such a big risk?
Post by: Kasabus on September 26, 2020, 11:42:04 PM
Bitcoin is definitely a risky investment. Hence the saying "only invest what you're willing to lose".

But, at the end of the day, it's at everyone's discretion how much risk they want to keep within their portfolios. While comparing Bitcoin to a high risk stock wouldn't exactly be accurate (since they do operate differently) - the same approach should be taken. A portion in Bitcoin (or high risks stock) is necessary for growth, but the amount you invest should be measured with your comfortability with risk.
Bitcoin is definitely a risky investment but seeing that bitcoin has already build a strong foundation, that risks will consider be nothing once you gain huge profits from it. Every investment has its own risks so if you just sit there and do nothing even if you have all the spare budget to invest, you will find your life worthless by not taking the risks at your own comfort zone.


Title: Re: Is Bitcoin such a big risk?
Post by: TIDOVEE on September 26, 2020, 11:59:09 PM
Sincerely to me, presently, saving you money as bitcoin is still riskier you hang saving it as fiat. Most currency you save as fiat may not only grow as a sure investment if not placed on certain insurance scheme. But most bitcoin are original place on market influence whether on trade or not. Secondly, on thing is sure, no matter the amount I leave in my fiat account. Whether it increases or is stable, the bank is responsible for it and the rate of account hacking is very minimal in fiat than in bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: k@suy on September 27, 2020, 12:15:32 AM
Sincerely to me, presently, saving you money as bitcoin is still riskier you hang saving it as fiat. Most currency you save as fiat may not only grow as a sure investment if not placed on certain insurance scheme. But most bitcoin are original place on market influence whether on trade or not. Secondly, on thing is sure, no matter the amount I leave in my fiat account. Whether it increases or is stable, the bank is responsible for it and the rate of account hacking is very minimal in fiat than in bitcoin.
When you invest it is literally risky because you have 50/50 percent of warning depending on the project you have invested to and how hardworking you are. It is literally okay to be afraid at first most especially if you are a first timer because the results you are hoping for will be seen months after your investment.


Title: Re: Is Bitcoin such a big risk?
Post by: The cure on September 27, 2020, 02:34:58 AM
I think saving your money in Bitcoin is riskier, but in this way we can also make a huge profit when the price fluctuates, unlike to fiat the price is stable and the chances of profit is low. For me, it is better to invest them both so that we can be assure our future especially in this times that still no one knows when will be the pandemic ends.


Title: Re: Is Bitcoin such a big risk?
Post by: pankaj1234 on September 27, 2020, 04:26:34 AM
I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.


Title: Re: Is Bitcoin such a big risk?
Post by: romero121 on September 27, 2020, 03:40:33 PM
Most countries give importance to bitcoin as property rather than a currency. Countries too don't give clear guidelines for taxation of cryptocurrencies. This is where users suffer, because they don't know in what manner to use it. Overcoming all this issues people continue to use bitcoin for the good as well as for bad.

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


Title: Re: Is Bitcoin such a big risk?
Post by: CasGal on September 27, 2020, 04:08:57 PM
I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.
The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers,               who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: bimbidingdong on September 27, 2020, 04:27:22 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

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


Title: Re: Is Bitcoin such a big risk?
Post by: Wesleyeric on September 27, 2020, 11:21:17 PM
One things we should have in mind in all we do all our activities is a risk, the Most important is we should even know that the life we are living is a risk, investing on bitcoin was truly needed, like when we buy some potential coin that will rise tomorrow, It good to take the risk, it keeps us going and have never failed us.


Title: Re: Is Bitcoin such a big risk?
Post by: CODE200 on September 27, 2020, 11:36:39 PM
Anything that is unusual or not normal or new for a certain individual can have a sort of risk. Being uninformed or having no prior knowledge about such thing can have also certain risks associated on. Same thing do applies with Bitcoin. If a newbie or someone who do not know anything about Bitcoin will of course be able to face certain risks that is associated on it which includes loss once you do not know on whom and what you were transacting with that you might have get hacked or scammed which will cause you to loose your Bitcoin. Being unsure or not knowledgeable about transactions you do like trading and investing will certainly do also have risks because you do not know what must be done to ensure your Bitcoin. Simply, certain risks associated with Bitcoin are minor and can be manageable if you will let yourself be knowledgeable about it.


Title: Re: Is Bitcoin such a big risk?
Post by: FlightyPouch on September 27, 2020, 11:58:39 PM
I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.
The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers,               who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.

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


Title: Re: Is Bitcoin such a big risk?
Post by: MickLichz on September 28, 2020, 12:06:36 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

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


Title: Re: Is Bitcoin such a big risk?
Post by: Assface16678 on September 28, 2020, 12:56:55 AM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

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

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

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



Title: Re: Is Bitcoin such a big risk?
Post by: Kohatiiboy on September 28, 2020, 03:07:36 AM
Yes you,r right that cryptocurrency is risky.but i think holding new cryptocurrency is the best way to earn more. Because new currency pump so much in some cases.so you can easily trade to another currency lime btc,usdt .


Title: Re: Is Bitcoin such a big risk?
Post by: Serious475 on September 28, 2020, 03:34:59 AM
Investment are all handle by the investor if the investor does not have any knowledge into cryptocurrency it's looks like you are giving a free money to the platform, It feels quite disturbing to the people who is making an invest most likely to the coins which is not popular and they think they can earn money with those coins. At the end they make doubt why they don't have any money and they can't grow a profit.

Yes you,r right that cryptocurrency is risky.but i think holding new cryptocurrency is the best way to earn more. Because new currency pump so much in some cases.so you can easily trade to another currency lime btc,usdt .

Not all the people are good at cryptocurrency until when you will hold your coins if this is a bitcoin there is a chance you will get a huge income it depends on your investment, but if you are just a small investor just likely 50 dollars it's just a small amount of income.


Title: Re: Is Bitcoin such a big risk?
Post by: Inkdatar on September 28, 2020, 03:20:10 PM
I think saving your money in Bitcoin is riskier, but in this way we can also make a huge profit when the price fluctuates, unlike to fiat the price is stable and the chances of profit is low. For me, it is better to invest them both so that we can be assure our future especially in this times that still no one knows when will be the pandemic ends.
There’s always a risks that's why it is very important to learn first about bitcoin. That's the advantage to the users that we can earn since price may increase. Prior investing our money especially to the noob one is they should understand what bitcoin is all about and can offer to the users that at a later end no regrets.


Title: Re: Is Bitcoin such a big risk?
Post by: Majharul Saiif on September 28, 2020, 05:02:48 PM
Like any other investment in the world if you invest in bitcoin it will have some risk. Because you can't invest on anything which doesn't has risk. But for me I think bitcoin has only a small risk compare to other cryptocurrency, I will always go for this little risk of bitcoin and will invest on it. Though many people scare to invest on bitcoin and cryptocurrency. But you have to understand if you can't take risk you can't gain profit.


I have the indistinguishable thought. Only Bitcoin? -no, there is a risk wherever you invest, that's normal. However, if you can toil with the proficiency or conception of scammers, the risk is very poor.


Title: Re: Is Bitcoin such a big risk?
Post by: lifeOK on September 28, 2020, 05:42:04 PM
For me, Bitcoin has been more profitable over the years. It’s up to you how you make invest in the platform and turn out of your profits without no side effects. My attitudes toward bitcoin is positive, as I’ve made profit. I guess anybody could savings and making profits from btc.


Title: Re: Is Bitcoin such a big risk?
Post by: CasGal on September 28, 2020, 06:03:02 PM
I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.
The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers,               who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.

Bitcoin is volatile, we all know that. With the fast changing market, all we got to do is adjust, take oppoetunities and think. Scammers are not scary, volatility is not scary, what you should fear is not having the ability to cope up with the changes and what is happening. If you can't be scammed, scam is not a problem, if you could reduce risks you maximize your profit.
What do you mean by the inability to cope with change and what is happening? If you mean that a person must have strong nerves and good patience, this is true. As for scammers, no one is immune from a virus infecting their computer... You can get a business proposal from a company and you need to follow the link or download a file, and these were scammers. Scammers even use apps and videos for viruses.


Title: Re: Is Bitcoin such a big risk?
Post by: Tamim121 on September 28, 2020, 06:22:01 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
In my opinion there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money. You can keep some money in Bitcoin for long term investment. Then you can get profit from it.


Title: Re: Is Bitcoin such a big risk?
Post by: Meomax on September 28, 2020, 07:14:42 PM
Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

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

So curious to see the response especially today when we live in times of crisis.
In my opinion there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money. You can keep some money in Bitcoin for long term investment. Then you can get profit from it.
You should never invest all your money in one thing, the risk is always and everywhere. But then the question is, how much to choose from 100% of the money that you can set aside for investment / storage?


Title: Re: Is Bitcoin such a big risk?
Post by: kawetsriyanto on September 28, 2020, 11:04:00 PM
~there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money.
High risk means higher returns. That's what applies to Bitcoin investment. Volatility in Bitcoin isn't something scary but it is a potentially bigger profit. If you don't brave enough just keep your money in a fiat savings account. Indeed don't place all your money in Bitcoin, but it doesn't mean just put a small amount of money is the right way.

You can keep some money in Bitcoin for long term investment. Then you can get profit from it.
There is no guarantee for profits even you keep your Bitcoin in the long term. The point is how the strategy in your investment. Also, how good you analyze the right time to "buy" and to "sell'. That requires knowledge to predict and analyze the market trend of Bitcoin. It is better to start investing once you have already enough knowledge about it.


Title: Re: Is Bitcoin such a big risk?
Post by: 0t3p0t on September 29, 2020, 05:25:56 AM
I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.
Every investment is risky but with Bitcoin I have a peaceful mind with it because it is not to be affected by inflation, crisis or anything that results in a decreasing value over time. Even millionaires like Robert Kiyosaki told viewers to invest on Bitcoin, gold and silver because these assets will surely be profitable and prices will skyrocket anytime soon. Everytime the price goes up and down we will benefit from it unlike  the fake fiat where only rich people will become richer. To eliminate risks we should always be aware or a risk taker if we want to achieve financial freedom.


Title: Re: Is Bitcoin such a big risk?
Post by: reliable on September 29, 2020, 07:04:40 AM
For me, Bitcoin has been more profitable over the years. It’s up to you how you make invest in the platform and turn out of your profits without no side effects. My attitudes toward bitcoin is positive, as I’ve made profit. I guess anybody could savings and making profits from btc.

Good that you were able to make profits and if people can hold it for some time generally it will help you make profits. Just like holding btc for a year itself has given them 3x returns for those who had bought around 3500$ price and now it’s close to 10700$ mark. So bitcoin will continue to grow in future as well only we should be ready to buy and hold it and book profits if need be.


Title: Re: Is Bitcoin such a big risk?
Post by: rhodelmabanal on September 29, 2020, 01:03:23 PM
I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. It is risky because it is high on volatility and the price or maybe value is always changing, So then i think investing an amount that we can afford to loss is the best move to avoid a big loss. I still believe in bitcoin and its capability to give us a huge amount of profit through investing than altcoin.


Title: Re: Is Bitcoin such a big risk?
Post by: Jayrmalakas on September 29, 2020, 01:52:22 PM
if you do not know about bitcoin it is big risk for you you need to learn more about using bitcoin and study hard because bitcoin is not easy to use they need money to invest and trades and that you need to know how to invest and how to trade


Title: Re: Is Bitcoin such a big risk?
Post by: Mahdirakib on September 29, 2020, 04:39:21 PM
I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. ~snip~
Every financial related thing is risky. And without taking risk you can't gain anything. Among all cryptocurrency bitcoin have gained the strongest position. Most of the people trust bitcoin and invest in it. Bitcoin investors are hoping for a good upward move in it's price while you are focusing on loss much.


Title: Re: Is Bitcoin such a big risk?
Post by: mezzaluna on September 29, 2020, 06:20:29 PM
I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. ~snip~
Every financial related thing is risky. And without taking risk you can't gain anything. Among all cryptocurrency bitcoin have gained the strongest position. Most of the people trust bitcoin and invest in it. Bitcoin investors are hoping for a good upward move in it's price while you are focusing on loss much.

That's what everyone is doing but some guys just want to risk them all since higher risk means higher payout. Bitcoin has the most strongest position because its the most famous one and other Cryptocurrencies branched out of Bitcoin. Only other Cryptocurrencies really started from scratch to produce better platforms like Ethereum.


Title: Re: Is Bitcoin such a big risk?
Post by: ChrisPop on September 30, 2020, 12:05:32 PM
To me the biggest risk of all is that as I am still learning investing in Bitcoin, there are a few things that I don't understand. Fluctuation per se I cannot learn to forecast. Bitcoin seems not to depend on the general stock exchange condition, not like stocks for example. Although when in March 2020 the market went down, it went down too. Secondly, the fluctuation happens too often. You can lose $400 value in 1 BTC for just one lunch hour! And finally I can't figure out what happens when the capacity of BTC is finished. I guess the value will go yet up. But will BTC itself have value then? What if I will not be able to convert it into cash? Solvency is what worries me a lot.

1) You shouldn't invest in something without being informed. Investing in Bitcoin shouldn't be too hard.
2) Decide whether you want to be a long-term investor or a trader. For either of those you need to apply a strategy (e.g. technical analysis for trading)
3) Stocks are a different asset class than Bitcoin. Their value is based on the cash flow the companies produce for their shareholders/investors. Bitcoin is more like Gold. Its value derives from scarcity and speculation.
4) When all the Bitcoins will be mined, miners won't receive block rewards anymore, but will only be incentivized by transaction fees.


Title: Re: Is Bitcoin such a big risk?
Post by: CasherUp on September 30, 2020, 12:23:22 PM
 :)Hello Friend how are you? Well that depends for the simple reason that first you have to know that in the cryptocurrency market there are many fluctuations in which it can greatly favor or how you can lose, you also have to take into account where to save the money because there is a third-party platform that they become scams and you can lose your money that way too, what I recommend is that you train and educate yourself a little more, greetings 8)


Title: Re: Is Bitcoin such a big risk?
Post by: Coroline on September 30, 2020, 12:46:46 PM
if you do not know about bitcoin it is big risk for you you need to learn more about using bitcoin and study hard because bitcoin is not easy to use they need money to invest and trades and that you need to know how to invest and how to trade

Bitcoin is not just about investment, we can use Bitcoin as a medium of exchange which has the same function as money. The existence of bitcoin is not as easy to use as FIAT, but bitcoin really helps our payment needs in the world of the internet to be safer and have low fees.
To know the level of risk Bitcoin is based on what we compare bitcoins to. If we compare the price of gold with the price of bitcoin, of course the price of bitcoin is more volatile and more risky than gold, but if we compare Bitcoin to JUBI Token (https://coinmarketcap.com/currencies/jubi-token/), then it is clear that Bitcoin is safer than JUBI Token (https://coinmarketcap.com/currencies/jubi-token/)


Title: Re: Is Bitcoin such a big risk?
Post by: FlightyPouch on October 01, 2020, 01:08:45 PM
Bitcoin is volatile, we all know that. With the fast changing market, all we got to do is adjust, take oppoetunities and think. Scammers are not scary, volatility is not scary, what you should fear is not having the ability to cope up with the changes and what is happening. If you can't be scammed, scam is not a problem, if you could reduce risks you maximize your profit.
What do you mean by the inability to cope with change and what is happening? If you mean that a person must have strong nerves and good patience, this is true. As for scammers, no one is immune from a virus infecting their computer... You can get a business proposal from a company and you need to follow the link or download a file, and these were scammers. Scammers even use apps and videos for viruses.

What I mean by that is that there are those people that can't adapt with the changes that is happening in the market. Instead of reducing risks, making strategies to cope with the bearish or bullish market, they don't do anything but when they are seeing that they are losing they would blame the market or bitcoin because it is volatile and it is a scam.


Title: Re: Is Bitcoin such a big risk?
Post by: Etoasiatsxxx on October 03, 2020, 01:46:49 PM
Of course, all of it has a risk, especially who are new in crypto world if you feel uncomfortable just don't put all your money in one place.