Bitcoin Forum

Lots of people are still considering the risk investing in bitcoin. The fact that bitcoin price is increasing almost on a daily basis makes it more scary for them. A friend once asked me “What if the price falls ridiculously “? At that point I was almost dump folded and beginning to panic within myself. I was trying to convince him to see reasons with me on why he should invest in bitcoin and now I’m shivering with his questions. Is there any assurance to give  people especially in time of discussing bitcoin with a friend or family member as a bitcoin enthusiast?

What "assurance" do you need? Your friend is actually right, bitcoin CAN definitely crash significantly. And if that makes you shiver, it's either you're over-invested, or you simply don't know what you're investing in; because most of us here are totally aware of price crashes because big price movements is really nothing new with bitcoin.

if you are afraid of going bankrupt it is only right that you be scared because it is really possible that it will fall because it is already in ATH and there is a correction that is possible to happen any time but if you are looking for long term there is no problem with the price but if you are afraid then wait for correction before buying.

The only thing you could do is to share your point of view about something, perhaps in this technology as it is the case. We really cannot force other people to invest in Bitcoin or other cryptocurrencies if they are having doubts. Allow them to decide for themselves and also, do not let other people affect your decisions regarding your money. It is okay to consider other perspectives of something but always settle for your decision. There's no assurance on any investment. Risk will always be present and losing is part of the 'game'. If that's your concern, we just really cannot do anything about it. It takes courage in order to invest or start something, in which all of us need to build up in order to seek for betterment. Casually share why did you invest in the first place. That would be a good start I guess if you are wanting to encourage someone towards your vision.

Advice them to avoid investing what they can't afford to risk.  
Better to invest small portion of your money in Bitcoin than spend it on unprofitable/unhealthy things like junk foods, drunkenness,  unnecessary things etc. I think this is one of the most sensible and less risky ways to get people invest without worrying too much about their blames if things don't work out fine for them.

yes there is an excellent "response" that you can give them, which is what i always use.
bitcoin is NOT an investment; it is a currency.

although you can still worry about the "currency" devaluation but when you look at bitcoin as a currency you no longer worry about "crashes" that much.

I never advise people to invest in Bitcoin. Quite the opposite, I tell them why it's such a disruptive technology and then I tell them that I don't think it's a good idea to invest in bitcoin because the price is really unstable. If they then go on to research bitcoin by themselves and invest it's only because they came to that conclusion themselves. In that case they took the risk themselves. I'm not talking anyone into it.

There was one exception. I told a close relative of mine to buy bitcoin when it was at the $8 to $13 dollar range. And they told me it's too expensive. And even then, I mentioned the risks of buying bitcoin.

I will try to examine the word guarantee here, does it mean "profit"?
if based on a discussion of bitcoin with all its advantages and disadvantages depending on how the decision was found. What was the result of everyone gathered agreeing to invest their money in bitcoin? I think they will be scared the way you feel. because the price will occasionally fall because it has reached the highest ATH of all time.

secondly, the nature of bitcoin does not have an agreement that guarantees bitcoin owners, because bitcoin does not take anyone's side. if they dare to invest in bitcoin, don't just see the benefits. but must be prepared with the risk if the price falls in the future. Bitcoin cannot guarantee anything, as the decision when making a sale or purchase rests with the merchant.

Sorry but there are not assurances to be made, investing and trading are both risky activities in which the person doing it is completely responsible for their actions, not only that investing in any asset when it is raising in such a dramatic fashion can be even more risky, many of the holders that you are seeing cheering for the increase in the price are people that have been here for years and even if the price were to crash they will still be in profits which is what gives them such a calm demeanour.

So if you feel uncomfortable investing in bitcoin when its price is so high then do not do it, does this means you could lose a big opportunity to make money? Yes but that is just how investing works.

It's totally normal that people are wary of the topic of investment. I show such people how bitcoin has grown over the past years. The price of bitcoin once fell but now we're seeing how much it has risen and that it's breaking records every day. I think you should explain to them that bitcoin is a good investment in the future. They can buy it and keep it until they're ready

No, there is none! And you shouldn't give anybody any kind of assurance that everything will be fine if they decide to enter into Bitcoin.

Your friend's question is very legitimate and everybody who is hodling Bitcoin should have confronted it one way or another. That is a risk which you cannot erase from Bitcoin. The potential is very sweet and enticing but the risk is also there along with it. And you cannot discount it. Nobody imagined that after hitting $20,000 in 2017, Bitcoin would fall down to as low as $3,000.

If you listen even to people who are aggressively promoting Bitcoin, they fall short of giving assurances and guarantees. They still drop the basic advice to not invest what you cannot afford to lose into Bitcoin.

Crash is imminent but that does not mean that OP should be scared of that. It can be an opportunity to buy more bitcoin out of your money. Like what the quote above says, you either did what was said, or you do not believe that growth will still be possible and that this run is a short live one. To be honest with you OP, do not convince your friends to invest in bitcoin it makes you annoying to them and let your success from invest show so they know that you are not just all talk, they will regret not listening to you.

We cannot despite the fact bitcoin also crashed back in 2018 when the price already reach 20k at that time, so it's not easy to convincing anybody to invest in it. But lately the price was exploding even until right now it's continue growing and it must be hooked many people attention. But with this condition we still cannot assure that bitcoin price will continue grow and worth the investment, but at least we can give them evidence of our profit that we already made.

Best way on giving them the best assurance is by giving your thoughts and your experience, if you have 0 experience in investing then it will definitely be difficult, but if you do have then just simply share yours and they'll probably understand it and give it a try, the price may be at high right now and could fall anytime but with this high of a value, I don't think they'll have doubts once the price goes higher.

There are people who, by their very nature, love to take risks. Bitcoin is for people like that. If your friend is an adventurer who loves new trends, loves freedom, and does not count his funds from paycheck to paycheck, he will like Bitcoin. You can assess his abilities.
If we talk about investments, then I can say that any investment can always be risky. Whether you invest fiat money or cryptocurrency. I lost much more on investments, which seemed to guarantee high-interest rates, but over time the projects simply disappeared.
But, after going through my own mistakes, I believe more in bitcoin than in the money that I have entrusted to the bank.

There's no "assurance" in a highly volatile market. The least you can do is to show them the price history of Bitcoin. If you're new to price crashes, then I think that's a normal reaction, but when you said you're a Bitcoin enthusiast makes me think you're really not. You should've already knew the benefits of a sharp drop of price.
As an example; look at how some people are struggling to find an entry point when everything in the market today is in a bullrun. 

Don't give them assurance. The only assurance that you can give to them is the profits that you've made.

Buy something for yourself which will make them fascinated with the gains that you've made. That will convince them that you've really made it through bitcoin, no need for arguments and convincing.

If they want to invest, tell them to invest with what they can afford to lose.

Which is as it should be, if someone takes a look at the market and like what they can earn but they are not comfortable with the amount of money they can lose then they should look for another market because even if for a long time we thought that institutional money could give bitcoin a more solid foundation and decrease its volatility the recent days have proven that at least for now that is not true.

With that in mind then we need to be very careful when we trade, even if the decrease was important can you imagine how much money lost the people that were going long using leverage? Even using something as low as 3x probably caused them big enough losses from which they will never recover.

Your friend is right, as bitcoin is volatile, there is a chance that it can go down at any moment. Maybe your might mindset is wrong though, the price can't really go on parabolic, no asset in the market can sustain that tremendous growth and sooner or later it will need to go on a correction specially if it is on the overbought region.

There is no assurance, those kind of discussions have been talk about for many years, just a few weeks ago, I also had this some kind of debate with a friend, and the word "assurance" and "risk" are involved. So it's really hard to convince someone because we don't have total control of what is going to happen in the market next.

If anybody should give me the question, I will not disturb myself answering much I will just sight the example of 2017- 2020 show the person the rate at which it decreased and the rate at which it increased. You buy then hold get to a point you wish to sell off with the rate of profit then you sell

Crptomagma, I would advise you to avoid talking at all about things that could result in the financial or some other loss of a member of your family or friends. When people lose money in one way or another, they will blame the one who gave them the idea to invest in something they didn't even know before.

Also, at a time when the price of BTC is going up more and more, I personally wouldn’t draw attention to myself - people often talk too much and you never know who your story will get to.

In any investment place there will not be assurance for your money, seriously. If the investment place that you bought experience a decreasing price a lot than you will lose your money and otherwise you will get a lot of money when the investment place that you bought is increasing.

Bitcoin is an investment place like the other. Depend on your strategy and your knowledge to make your money safe and lose. So please, when you start investing in bitcoin be sure you already know the ins and out of it, don't blame bitcoin when you experience a loss, just blame yourself when something bad happen.

That in fact happened to me, before the bull run that we saw in 2017 I talked to some people about bitcoin and I said to them that it was the future, and as you may guess they did not listened to me but I was not offended because I immediately recognized that bitcoin was not for everyone and it was a technology that was too new for most people to accept.

But then as the price began to skyrocket and bitcoin appeared all over the news those very same people came to me and wanted to receive financial advice, and I in fact told them to not invest in bitcoin at that moment because they were sure to lose money, not only because the price was very high but also because they were completely inexperienced when it came to take their financial destiny in their own hands, but they ignored my advice, lost money and then they blamed for it despite the fact that I told them to not buy bitcoin at that moment.

Bitcoin habit is up and down and this habit khow every crypto traders.Before investment everyone should khow first basic knowledge of bitcoin.i personally recommended invest on bitcoin when bitcoin price goes down,because there have chance to make some profits.

it is true to explain to others about bitcoin whether to friends or family you have to start with the risks that must be borne and the advantages of having bitcoin so that in the end let them judge for themselves.

If the person has fear of cryptocurrencies it is hard to convince him that cryptos can be volatile but they are superb investments for the future. You can convince him by simply explaining how this thing works. The security features, how blockchains work, how innovative and futuristic cryptocurrencies are.

let's discuss it healthily, that bitcoin is indeed fluctuating and it can come down suddenly, and it can also go up drastically in a very fast time too. what we have to pay attention to is the movement between the two trends, when it is in an uptrend, don't worry, the price will go down because it will definitely continue to rise to its peak. conversely, if it is in a downtrend, then within a few months it will continue to fall, like that we have seen recently, and I believe it can be easily understood and in essence bitcoin is a safe investment asset.

Even we are in the pumping season bitcoin could still go down anytime but it doesn't mean that we have to be worried about it because this is normal and we should expect things like this, if that would happen then just keep holding your bitcoin or buy some more, that would be the good thing to do because bitcoin is a haven and it is really good for long term investment.

I invested my money in bitcoin and other crypto currencies knowing the risks that I am taking. Those amounts that I invested is an amount that I could lose. I don't need an assurance about it, I know myself that dumps could happen in a short period of time the reason why I don't invest that much of my money into it.

Instead of focusing on the assurance just to convince them to invest in bitcoin, tell them the risk factors of it and why it's worthy of taking a risk. There is nothing to be afraid of when they ask you about the questions related to the crashing of the price because that's normal and could happen in bitcoin. If they are really interested in bitcoin, this kind of factor won't discourage them easily. In fact, it will help them to be more careful and critical in investing in Bitcoin. Nothing is a 100% guarantee or assurance in investment, so why panic when it is natural in the field of investing.

All of the investments not only in bitcoin is in risk, why? Simply because it is like you are gambling your money on a thing that there's no assurance just like in business and etc. If you entered on the bitcoin when it is in high then if the price falls then you will experience losses. What we need to them to understand is that how bitcoin works so that they can join in investing if he/she knows how they will take profit on it. Everyone can discuss on what is bitcoin and the best thing to start is in your family.

I am sure that the BTC will be great in the future. I personally recommended everyone can be invested without any doubt hope Btc go to 50K very soon.

Crashes are already common to make happen in this industry specially with regards to Bitcoin and most of us do already know the risks and consequences we will face since we have been here for quite long time ago and not just saw but already experienced lots of crashes that happened but still look at us being able to remain here despite of that given fact that whenever there is a pump, expect the counter part which is a possible dump just like the big crash that happened last 2018. From that, we have learned lots of lesson and still keep ourselves to be patient and treat the scenario as an opportunity to invest or purchase more Bitcoin on its lower stage. If crash is what making you afraid to get into Bitcoin, then maybe you are not really into taking the risks and consequences that it might get to you.

I guess if you buy it before that you can make some money on it. The winklevoss twins have 2 billion$ worth of bitcoin. Bought it at 100$ and they haven’t sold a coin nor do they want to. So if you never wanna sell it how is it worth anything. Even people sell gold

Puede tener razón de tener incertidumbre pero las criptomonedas están posicionándose cada vez más en el mercado y están moviendo grandes cantidades de dinero a nivel mundial ;D, por eso es importante no satanizarlas y averiguar un poco sobre ellas, antes de tomar una decisión de invertir, algunos detalles de estas que me sirvieron para abrirme el panorama fueron que los pagos que se realizan en criptodivisas se formalizan de forma instantánea, NO existen intermediarios, las transacciones se realizan de una persona a otra, la realización de los pagos mediante criptomonedas es muy sencilla, mediante el escáner de código QR ::), se puede realizar desde cualquier móvil con Internet, los impuestos que incluye cada transacción realizada en monedas virtuales son mínimos, las criptodivisas están descentralizadas por lo que ningún país o institución puede llegar a controlarlas, los sistemas criptográficos de las monedas virtuales son extremadamente seguros, ofrece privacidad a los usuarios que las poseen ya que no son públicos sus nombres, son una alternativa frente al efectivo, ya que subsanan muchos de los inconvenientes de portabilidad, divisibilidad y transferibilidad de este medio de pago. Pero también el problema es que los bancos (muchos de ellos) lo ven como un riesgo para los inversionistas  ya que no se ha realizado una estandarización de su proceso, vigilancia y no hay quien se haga responsable por dichas inversiones.

There is no such "assurance" when it comes to Bitcoin or the rest of the cryptocurrencies. You can just explain the mechanism of the cryptocurrencies and their high volatility. Because one should know the differences between Bitcoin and fiat to make a clearer decision about which place to invest in. And yes, there is a risk for the price to go down so sharply and it will always be. The key point here is investing in Bitcoin for a long-term.

Your friend is right, bitcoin can crash anytime and it can go down ridiculously, if you are afraid of losing money then you should also afraid of investing in bitcoin because no one knows what would happen to bitcoin in the future but if you keep on being scared then nothing will happen, it is all about taking a risk if you want yo succeed then always take a risk.

there is no guarantee for that, currently the market is volatile, the bitcoin market can crash anytime no one knows about it, don't give them guarantees when they are afraid of risks when investing, show the market history from year to year and surprise them with  what do you make when investing in the crypto world, teach them how to invest in cryptocurrencies until they are absolutely sure to invest, equip them with more than enough knowledge and experience so that they can survive in the volatile market.

You can't guarantee anything for anyone in the cryptocurrency market. They should already be aware of the volatile nature of cryptocurrencies. Of course the possibility of a sharp decrease in the price makes people scared (especially short-term investors). If you are a HODLer there is nothing to worry about, I think.

There's not, if the tech behind it can not convince you to invest so just stay away since as a matter of fact it's possible for Bitcoin price to crash hard...

Also don't try too hard to convince other people that Bitcoin is a good investment or will have a higher value in the future because that could not be a great look for you or Bitcoin, all you should do is helping those who are interested about crypto space when they ask you for more information or your insight and apart from that you shouldn't bother with that as most of the time it doesn't make a difference in their decision any way.

it is difficult to explain what Bitcoin is, especially to those who just hear about it without wanting to know what Bitcoin is...
I experienced this myself, many of my friends still don't believe in Bitcoin even though I have made a lot of money from Bitcoin, they are 'safety players' who are afraid of losing their money, and to be honest now I have ignored those who don't believe in Bitcoin.

If you buy any altcoin, you may worry if it price fall in future but with bitcoin that is not the case. If you holding bitcoin, you will never be in a loss in the long run so there is no need for panic. I can assure you that if you buy bitcoin today at 55K, you won't regret your decision when you see the price of bitcoin in 2024-25.  :)

There was no assurance when it comes to investing in bitcoin and you cant give any assurance that bitcoin is a good investment either because no one knows what is actually gonna happened to bitcoin in the future so no one actually can assure if bitcoin is going to continue or just gonna disappear after a few years. Before investing in cryptocurrency or bitcoin people should already know the risk in investing in bitcoin that it is not guaranteed that holding bitcoin is going to give you profit. Something could easily make bitcoin disappear in this world and with that, a lot of people could easily be lost their bitcoin investment. Maybe you could say that it is the safest investment that still it is not guaranteed.

At the beginning of last year in February I remember my PC was damaged, my only source of income. I only had some savings and bought my first SmartPhone to continue my work, I was fortunate to find the Signature Bitvest campaign of which I am proud to be a member. In the month of March, the WHO declared the Covid19 pandemic, the world economy showed its fracture, the bitcoiners saw how the price of bitcoin fell drastically, an example on 03/15/20 $ 5397,93 according to Coingecko. With what I could earn in my signature campaign, I could barely pay for the technical service of my PC, I did not lose my way, I told myself, whatever God wants, I still trust bitcoin and we will overcome the crisis.
IMO when we doubt bitcoin we are not considering taking risks.

We have been supporting Bitcoin since 2012 and we are honoured to be part of this community.

What your friends say is reality, Bitcoin can crash at any time. Therefore, it is always stated that Bitcoin is a very risky investment, because there is
a possibility that the price will fall very deeply. For example, what happened in 2017 proved very dangerous investing in Bitcoin without learning it first.
Therefore Bitcoin can benefit us, as long as we know how to handle Bitcoin. The first thing to do in order to avoid losses when investing in Bitcoin is
to learn to analyze Bitcoin's movements. That way we can know the best time to buy Bitcoin and when is the best time to sell it.

100 percent agree and true with @TravelMug bitcoin is "very" volatile especially with current prices after all time high will be major correction and then up again  ;D but in my honest opinion not just bitcoin all investment is risk :D

You're friend is right he jumped in the conclusionand,  but he need to understand that bitcoin price is not going to stays in the lower place just like what the history of bitcoin says,; bitcoin price encountered trouble sometimes but amazingly  has a great place in the market tomorrow,  and those thing you need to explain to him, to let him understand how to manage the risk of investing in bitcoin if he's going to invest on it like you.