Bitcoin Forum

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

Not all times but most of the times risk-takers made the most profit, they are the most educated and most involved in the market, they checked the coins with good potential, and they always want to be an early bird in every good project, because they know there are hidden gems on new projects, once a risk-taker always a risk-taker, because they know what and how to look and why it's worth the risk.

about it all, I think quite human, as a form of nature. However, what makes us want to move forward is only one thing, which is the need to continue living from day to day.
remember to pay attention to your thoughts, for thoughts will become words. heed your words, for they will become actions. watch your actions, because it will become a habit. pay attention to your habits, because it will become a character. and watch your character because it will be destiny.

Well, this risk takers are also not just jumping blindly into the waters that they will try to swim in, if you get what I am saying. My point is, we shouldn't romanticize this thing about risk takers being a successful person, yes some become successful but because they have a game plan. They just didn't become successful because they took the risk, that is just scratching the surface, as @aioc says, they are early birds but they are also hardworkers, they see opportunity when it comes, they do not think like other people, and more importantly they have a safety net. Seriously, if you are going to take risk, you better have a safety net, it never hurt that when you fail you have a bounce back of money to reset.

It is my opinion that successful people in business and finance
learn to identify different types and different levels of risk and
are able to make a play based on what they know.

I'm not a business person and I'm not involved in finance but
I took a risk 11 months ago and borrowed FIAT to buy Bitcoin
at an approximate 10% interest rate.

That was a risk! but I knew there was going to be a bull run
after the Halving [2020] so I took that risk.

The loan will be paid off next month, its been a slog to get it
repaid but the risk has been rewarded.

There's a saying that "The greater the risk, The greater the reward" which says it all on most of things we do. This saying can be applied on everything but on some rare occasion it isn't.
In bitcoin, most of the people who mined, invested, and hold unto their coins early way back 2013 are the most richest person and had the most profit of all. Also, early adopters of other crypto such as ETH, XRP, USDT, BCH and other top crypto had the most profit than anyone else as they have managed to invest on it when the value of each of it very low. Most ICO's way back 2017 and 2018 are the most profitable crypto that boom in the market as of now but not all of ICO has successfully managed to maintain themselves which ends up on a loss and dead or shitcoin.
This also applies when gambling as the greater the risks is when betting the higher the rewards are.

I want to say.... something. It is not risk-takers that are financially successful... It is the people who manage risk the best, that are successful. I know of a lot of people who managed risk very poorly and they made bad decisions in high risk situations and they lost everything.  :(

You have to divide risk into "Low" / "medium" / "high" risk categories and then you have to divide your investment funds into these categories according to your different strategies.

Every portfolio should have exposure to all three categories and you must manage that very well to be successful. (DO NOT just rush into high risk.. hoping for the best)  ;)

taking risks from the start is better than taking risks that cultivate later on. quite realistic, it is said to take a risk with the percentage obtained, and it is taken into consideration. if not decide for it, then when else? waiting will become a thing of the past when everyone is successful with all the decisions. so what are you waiting for? execution right now.

Clearly, to have money, you need to be able to take risks. But risk is not just a lack of fear of losing your money. I think that risk means allowing the possibility that you can lose money, but do everything possible to prevent this from happening and be well aware of the situation, have the necessary information.

I dont think so but its better to risk up something if you do really plan to gain up something or make yourself advantageous when it comes to financial aspect since you are
really having the opportunity to earn compared to those who havent really make any actions.You can really risk up something to earn something but always take out
safe precautionary measure to make yourself able to avoid those being wrecked up completely.Only risk out on the amount that you can afford to lose.
Its true that you can possibly make out money but always think off that you can lost on other way around too.

Investing in BTC is a risk already. One day the price can be so high the next day could be different. We are risk taker and if BTC can go high as $100K as they said, we are financially ahead. But the reason why some didn't actually invest in BTC is because the news is telling the public that bitcoin is a scam/Ponzi. If most of them listen to the media who tells BTC is a scam, they are not going regretting it when they learn financial institutions are staking up Bitcoin and they see Elon Musk, one of the richest person in the world supports BTC. It prevents them to become risk taker.

Life is all about gambling and risk-taking in which you will never win in life if you don't know how to risk and gamble yourselves. Risk-takers and gamblers in the real life are those people who want to be on the front line for them to get their financial wants. Those people who are scared of taking the risk are always behind in the walls of "What if's". Always think that all of the risk-takers are the ones who are succeeding in life.

I truly support this statement and I am one live example! When bitcoin was introduced back in 2009, then I was very active into online money making world and I indeed came across bitcoin. I used to have a powerful laptop of that time where I could have easily mined a great quantity of bitcoin. Just out of laziness and less curiosity, I didn't enter that market and carried on with the freelancing work. I know I could have become a millionaire by now but I can only look back at my mistakes!

So yes, people who are willing to take risk and willing to adopt the unknown, have better financial future!

This isn't really true. Risk-taking might look very adventurous from the outside but it's suicidal if done without an adequate Risk Management technique. Everyone gets opportunities in life. Obviously grabbing opportunities requires some investment. In some cases, it requires an investment of your time while in some cases it requires an investment of your capital. Especially in these fields related to finance and trading people generally invest heavily without even thinking of an exit and risk mitigation strategy which ultimately just leads to huge losses for them. It's good to take risks but always risk what you can afford to lose. It can be your time or money.

Its really suicide if such steps had made without any proper planning or goals that had been set.even though we do see those guys do earning big but we dont

know on whats the the risk that they had put through into those investment that they do had which it did luckily result to be profitable but if not then that would
surely be a big loss into their part.Just like whatt others said that you wont gain nothing if you wont risk nothing.
When making money then those people who do risk out will really have that chance to make profits.

And risking also makes people poor when they lose all their money while trying to start a business or investing. The only thing that separates the winners from losers is luck and smart decision making. You could make money by taking risky choices with bad odds, like investing in ICO or altcoins, but most likely you will lose - while those who invest with positive expected value are likely to succeed, unless they get a really bad luck.

Depends on you if there is a chance you want to risk and this is an opportunity to why not? People are taking a risk because they to make chance about their live risk is a lot changer sometimes this is the only thing you need to have a good and better life but not all the time you are winning with your risk, take care on your decision. In life, some of the neutral people who not taking risk are the one who is not improving, those risky takers mostly become the successful one.

I am not really sure about this. Risk is for sure a big factor but I do believe that living on the edge might not be a thing for most of us since every human have their own emotions and their own way to deal with things and taking risks might not only make you more anxious but it would also create emotional instability.

Therefore if you do think you would be able to not only analyze your funds properly but at the same time you would be able to take the emotional risks that comes with this lifestyle you should go for it!!

But I do think that before anything else
"You do need a backup"
"You always need a backup"

Backups might save you and your family ! There is nothing wrong with living on the edge but just be safe.

But in certain cases, it's better to fold and live another day.

Still a risk though, not many people are willing to go that route because obviously, the next day they might not have the money to feed their family and bring food in the table. So it could be a calculated risk, if you go all-in and you lose, you should have at least a back up plan.

Yes, but for me it will just make things complicated, just focus on opportunities that you are familiar with.

Entrepreneurship has let us know that irrespective the sincerity or how legit is business looks like that life is all about risk, before adventuring into cryptocurrency, businesses such as importation and exportation of goods that is all about risk taking, no business that can stand firm without risks, using trading as a case study of risk because not every time a trader trade and make profit so at movement of trading is taking risk, and its obvious that risk takers always propagates, so in summary take risk and in everything concerning in cryptocurrency.

Indeed, risk takers are not afraid to get out of their comfort zone, they are willing to take even bigger risk trying to gamble their knowledge and skills for the aim of getting successful. Before I was too focus of being a corporate employee but later I realized that I'm becoming a corporate slave that's why I get out because I realized I don't want to spent the rest of my life making my boss richer while I struggle financially.

Crypto was really a blessing for me, it changed my life and thanks for the wisdom God has given my that time I realize it.

It is true that people who succeed are people who dare to take risks if they see an opportunity to make money. Sometimes opportunities don't come
twice, therefore delaying taking action and choosing to wait for someone to prove that the results are favorable. It will only keep us from the profit
that we will get. But don't take risks without planning, because there will only make us lose money. Taking risks must be accompanied by the results of
the research we have done, so it can reduce the percentage of failure that we will experience.

We make the most profit and we made some losses as well. It is really hard to become a risk taker at first but when you do, everything seems normal to you. Being a risk taker causes a lots of money  patience and a lot of breakdown before breakthrough, before you learn something you will need to accepts failures and they will made you a risk taker. And  risk taker should know when to take risk if he knew that it is worth risking for a long period of time.

Taking risks is necessary, but also must have consideration as well as analysis, and it will affect the results obtained.

I agree that risk-takers always have an advantage, but so they do have disadvantages. Calculated risks are good, hyt if in that process, one becomes over-confident, they will lose all their money by taking risks because the crypto industry is full of scams as well. Trading is risky, but always one should do well research before taking that "risk" because it's risky because there's a chance of "failing" as well!

Honestly kinda true, it's always fear that holds most of people back and that includes me however being risk taker but suck at calculating risk will cost you like a lot. There are tons and tons of people went homeless just because they really suck at calculating risk while being too much of a risk-takers. Yes maybe some of them gonna make it big and get most of the profits but that's just one among many. The key is to be a risk taker and good at calculating risk otherwise you gonna get screwed up. There's good reason why risk taker who lose don't appear a lot in media.

Money is for the intelligent, neither the brave nor the weak. Get your facts straight amigo.

See if you are brave/risk-taker (as per your decision, not that I agree with your semantics), you will not be a cunning one or a brainy one. You may make money in one step and lose more in the next step. The classic example is the addicted gambler.

If you are not a risk taker, you might be still making some money but not worth the time you spent.

But you are intelligent, you will know how to build relationships, partnerships, grow your business and make the real profits - very few people in this world belong to this group.

For example, going all in without doing any analysis is risk takers/"brave" (<OP's words) you will lose money for sure. Manage the portfolio into sectors as per global trends - you are being intelligent, more chances to get profits.

I don't think it is a good idea to compare life to gambling, yes risk taking but gambling seems a little overboard. In gambling, over time you lose money and in life I don't think that it will be the case, no matter how many times you lose, there will always be times when you can stand up and win back everything. You are right about the success of risk takers though, but that shouldn't be the only trait of a successful person, we have to take note that without hardwork the risks that you take will only lead to your failure. I wouldn't say that all risk takers are successful, in my opinion without calculating the risk, the chances of you succeeding is close to zero.

Ofcourse. The risk should be worth taking though, and you'll need to do the right things as much as you can to reduce risk to the bare minimum. I believe learning a business properly and doing it the right way can reduce risk alot. Those who cut corners or make money immorally will always face the consequences if they don't change and apologize to those wrong in their course of making money. The right rules must be followed else you are cutting corners and promoting corruption. I believe there people who try to avoid certain businesses or avoid getting wealthy due to the breaking of the right rules(even though people are breaking it without immediate consequences), corruption and it consequences...

That's the number one rule of success. The bigger the risk you take the more successful you become. Just that one has to be careful in taking risks in order not avoid avoidable losses. This is not limited to finance but every aspect of life.

Someone who wants to be financially successful then they need to learn about the economics works because people keep working never going to become rich because they losing their salary by every year due to inflation so they actually need to stop saving money and start investing.

Hearing this kind of talk is music to my ears.  I am constantly trying to tell my clients that you've got to take some risk if you want your money to work for you as hard as you worked for it.  It amazes me the amount of people I work with that are just absolutely immune to good advice. 

You have a point, we should not be afraid of taking risk and grab the opportunity even we are not really certain for the outcome. It takes a lot of guts to become successful in life thats why we need to do something to make changes because if you always stay on the safe side then you cant see what else you can do to maximize your profit.

Thus its better to become a risk taker (but fill with knowledge on the investment you're getting into) who are open for new opportunities that comes your way. If we fail its another experience to learn more and we can use as motivation to become a better version of us.

I think that is basically gambling as well, no matter how many times you lose there will be times you win in gambling as well. My explanation that gambling and trading are very different is the simple fact that there is house edge in gambling, and there is nothing like that in trading or investing.

In gambling house edge means that mathematically speaking you can't win, sure you could have small ups here and there but if you keep gambling over time it is 100% guaranteed that you will definitely lose money, in trading/investing you could lose money but it all depends on your knowledge and luck, there is nothing 100% guaranteeing you losing money there, you have 50-50% chance to win or lose and it is always 50% and not 49.5% to 51.5% like in gambling world. So at the end of the day for me the difference is the house edge, that makes the worlds difference.

Yes, taking risk is important and most of the time, it is worth it, but still don't forget to self-calculate and analyze first before doing something too risky. Assess the situation and if it is worth taking a try then go on and do the action. It is important to be smart not only to be a risk-taker because if not assessed carefully, you will just lose at the end. Learn from past experiences, learn from the others, and learn from different aspects.

People who habitually take big risk in life could really be classified as gamblers. You'll need to lower your risk to the lowest level possible by risking little while learning and hoping to succeed. I doubt if lots of the successful businesses succeeded without enough planning and learning. These are part of what reduce the risk for them.

An inexperienced wave surfer who goes immediately to the ocean to start surfing big wave without learning and using sufficient protection gear is a gambler, compared to an experienced surfer who has learned and mastered the wave, Or compared to someone who practiced in a safe environment before trying the ocean.

Not every risk pays off; so it is wrong to say risk takers are always financially ahead; there are enough risk takers who are wrecked after a terrible trading or investment decisions. It is not enough to be a risk taker; you must understand the consequences of the risk; and the rewards involved before taking an attempt at all. Dyor and understand that crypto currency is not a place for aspire to perspire quotes.

true, that only applies to those who are not very good at managing risk. finally, we will still see that there are still many people who dare to take risks but end up losing.

Trading and investing in cryptocurrency is risky and anyone who manage this risk well is very close to success. Not successful risk takers, but those who are good at managing risks who will get it.

Life is full of ups and down... you need to know that you can't win all the time, bad days will appear sooner or later, and the point is in surviving those days with minimum loses, the next step is to be brave and to risk and push harder, if you wish to make higher profit!
I think opportunities are everywhere around, you don't wait for them to come to you, you need to look around all time, and if you spot them before others you can have more benefits from that! Of course for that you need time, energy and skills... nothing is easy or simple, but with practice will be as you become more experienced!

They won't always be financially ahead but there a high chance that they'll be the first to be ahead on something since just as you've said they're RISK TAKERS. And just what comes to high risks are also the high rewards. People can go choose the safer way and be logical at everything to avoid risk but the rewards aren't as high as those who choose to risk it all.

Taking risks pay off to other people, that is true.

But that is not the same for a lot of people. Some might take some risks but still lose because they are not making ways to reduce that risk or don't have the knowledge to be able to pay that off. Most of them rely on luck but luck won't come that easy so you need to make some ways for you to increase your chance of getting a profit. It is all on the risk-taker.

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias (https://en.wikipedia.org/wiki/Survivorship_bias)

Being risk-loving is bad for most of the case, in the long-run you always lose.

Exactly, not every risk taker wins, if there is no clear blueprint on what is your next step then the chances of you failing when you take that risk gets higher but not everyone can afford to be a risk taker, remember that most people who took risks have some sort of insurance in the case that the risk that they took will cause them to fail. Some people that only have enough money to feed their family with no chance to have a savings for emergency funds, if those people were to take risks, they will be gambling everything, from losing their home, to failing their partner, severing important bonds and a crippling debt.

It always depends on what type of risk taker are you since if you just go risk with certain investment which gives false huge returns then there's something wrong with you, but if you risk by building up a business in crypto well provably you can get a better future.here but make sure you are been well guided also you need to learn from each daily experience and upgrade so that you can possibly level up and earn more from it.

I need concrete evidence for what you say, it's just your personal opinion. No one can say anything until they succeed !!!
Remember that, from a different person's life perspective, making transformative decisions about your life or the future will help you have different successes. Maybe you take the risk, but the other person is right with the safety point of view, and they also succeed, so look at the problem from a multi-dimensional perspective.

As other users have said, not all the time. That's why it is called 'risk-taking', simply because there's no guarantee of the positive outcome. Sometimes it would be good to do so and sometimes it is not. Those times risking is not advisable, is when it is due to greed and frustrations. We do risk everyday, and not all of it benefits us. There are times it is better to play it safe especially if the odds are bigger on the negative side. If something is having a higher percentage to lose, risking won't be worthy. I mean, yes, two-sided outcome, but if it would cost you big time, anticipate the worst. What I have learned is not to risk it all. Always have something to remain.

That's the thing with risking a lot as there's a high chance that you won't win at all but once you do, it will worth it. I'm not saying that if you're a risk taker then you're likely to get rich easier than those who play safe and find something that's more easier to manage rather I'm saying that the higher the risk, the higher the reward.
For example, BTC, if you've invested on bitcoin on 2013 and up until now hold unto it then you're very likely to have earn too much and might be a millionaire than those who've known bitcoin on 2013 but only invested on 2017. Also, you can have the risk higher and earn more by trading those bitcoin you have time to time throughout 2013 up until now which can bring more profit than just holding unto it but it involves higher risks and might put your investment to a downfall with just a wrong move.

That is where "spending money you are willing to lose" comes into play as well. Why do you think very rich people keep getting very rich? Because they spend the money they can afford to lose on risky stuff, at the end of the day they have a lot of money so they can afford to spend millions of dollars and lose it and live their life like nothing has ever happened, because they are doing it in a way that it wouldn't really hurt them but it is still a lot of money.

Someone with 300-400 million dollars could invest 1 million dollars (a lot of money if you ask me) into something and turn it into 100 million dollars in crypto, that is possible, and they are risking very little but earning a lot. You can't do that because if you have 10k and spend 100 dollars and make 500 bucks back it is still 500 bucks. Basically rich people have a better start. In the end just use money you can afford to lose and you will be fine with taking high risks since even if you lose it doesn't matter.

That is a generalization that is not true, while those that take risks are the ones that get the most in terms of profits, fame or whatever way you want to measure success what you do not see is that there were many people that took the same risks and instead got destroyed by it, this is called survivorship bias, you are only seeing the winners and you are ignoring the ones that happened to take similar risks and still lost, sometimes this is simply due to luck while in other instances there is something different about those that became successful that allow them to reach success where many others failed.

Risk is only something that is considered to have an impact at a later date.  There are no risks that make people successful, but successful people must never take risks.  How do you choose your investment and measure the risk, it is a wise person and a chance of success.  But a person who dares to take all risks without a good estimate is suicide.  So it's not the risk that makes someone successful, the risk is just an object.  But it is back to humans who manage that risk that determines the direction of success.

You do not need to take risk all the time to make money, the risk takers in the financial market usually identifies a market that is new and if they think that they have the potential to go higher they usually invest in them, for an outsider you can call them risk takers but they are taking calculated risk rather than blind ones. The actual risk is when you invest in a stock or crypto when the price has bubbled and only fools will touch on that trend until they loose their money.

There is hardly a reward without some amount of risk attached, its really rear to come by anyone that commands great wealth without a high stake risk behind. There is a saying that goes, "if wishes where horses, even beggars would ride", that's an example of a life where you are not willing to take the risk associated with investments and as such, the benefits that comes with investments wont be for you. Your stock with the wishes which are 99.9% not to come true. You've got to take risk if you wish to earn something in life.

You got some point though but still considered on a gamble way because there's no sureness or guarantee  that the thing you had been spotting out would really be successful in the future.
Though, you can make up presumptions basing on what you are current seeing so this is really on  that analysis side of things which would really be crucial into these kind of moments.
Risk taking is something that people do when they do look at they can really make some advantage of it, its true that this will be accompanied with some analysis which might
work or not work ahead.So in short this would really still acts as a gamble but on a little different manner.

I think OP is trying to say taking risk is worth been ahead financially but been in stupid risk will make one go zero financial status and it will be a dead zone for such investor.
Taking risk should come with vision and mission so that one don't end up in the wrong direction.
For example, you wouldn't advise someone who is looking for a short gain to buy bitcoin at $38k, that's a foolish move because there is possibility of price tanking down and he may like hold it for long time.

Just common sense and you will able to spot it out which step is really worth and which step isnt  really not right after all.Taking risk on everything will really just lead you neither into success or complete failure.
It will depend on how you do assess basing up on the situation or chances on where you do look that its best to put some money.True that risk takers would have the advantage to make money and same goes
around on losing money so its still a 50-50 chance of success and this will really be needing some sort of luck when you do risk into something.

Yesterday I read about the Bank of English giving six months to the High Street Banks to prepare and implement negative interest rates. This is good for those who are seeking financing but bad for those who own deposits.

You can't be passive, avoid all the risks, take the negative rates and be ahead financially.

It is only natural that risk-takers have better finances than people who play it safe. Because indeed most rich people are risk-takers by investing
in several assets that may not be valuable at first. Because Bitcoin alone when it was first created, very few believed that investing in Bitcoin could be
very profitable.

So early adopters are risk takers in my opinion. Those risk-takers who bought Bitcoin for the first time are now rich people, because the Bitcoin
price increase is very significant. So we really have to be risk-takers to be rich, we must venture out of our comfort zone.

Not all of the people have something to risk. Others would say that poor people should invest in crypto currencies, but we all know they can't afford it. They can't take the risk because every little amount of money they have, they need to use for their family because that is what they only have. But always remember that these risk takers didn't earn a profit everytime, they took risks and that also means that they also lose.

I get where you are coming from and from acrtain standpoint you are definitely right, but in a third-world country this wouldn't work, as most of the people there are in grave poverty and wouldn't have the luxury to spend money on investments. Most of them will take care first of their growling stomachs, and take it from there. You have to understand OP that it's not sometimes the person's, fault that they got in that situation. Exactly, but the thing about this is that, those who took risks and won get to enjoy a more luxurious life, while those who did not either stagnated or worse, became impoverished.

There are some people, especially those subjected to extreme poverty, to no fault of their own of course, that may disagree. They can't afford to lose anything more especially when you consider that their funds are only good for basic necessities. We should be more considerate and all but I get wherw you are cominf from OP

I remember the story associated with Steve Jobs and the third co-founder of Apple, Ronald Wayne, who at one time did not want to take risks and sold his share in the company for $ 800 and $ 1,500 a year later for refusing future claims, then did not return again when Jobs, due to financial problems, several times offered Wayne to invest again and return. Business is not only a straight road without bumps to wealth, but also with a constant risk of failure and ruin, and not everyone has the strength and nerves to constantly fall, rise again.

Risk-takers without clear vision of why they are risking and what are at stake aren't always ahead. Sometimes they are those who risked everything without a clear plan and ended up losing what they strived for. If you do have a decent plan at hand, you would be able to convert the risk into something that completely favors your position and what you risked for. The likes of Elon Musk, is a good person to use as an example of a risk-taker that has a clear plan which succeeded obviously. He was so into getting Tesla working despite numerous rejections from investors and he still made things work.

Most of the risk-takers are successful and we really have different journey when it comes to investment.

Some people will say that they will not take the risk because they are scared, they are not knowledgeable, they are not courageous to make or lose profits.

We should understand that investment naturally have risks and it depends on us if we will take or deal with it. There are a lot of opportunities in the market, there are a lot of opportunities in an investment and it is your own will if you will engage on it to have more profit. Especially in a cryptocurrency investment, market is volatile and risks are much higher compared to just holding your coins.

There are some things who are worth the risk and you should look for it no matter what because you will benefit it on your own.

But they are also the Most loser when chooses the wrong one , because they are willing to risk high as long as they believe it would bring them profit.
That is why they are called risk taker Because of their capacity and engaging in trading that we don't believe.
All coins are worth a risk, the problem is when to buy and when to sell, because let's admit that some are manipulated while some are indeed in demand .

Risk-takers and educated ones are the most likely to be rich :)

Risk-takers are the ones who sees the opportunities always and they are grabbing it, invest on it or participate on it just to have profits. Like they always say "The higher the risk, the higher the reward" and that is what these risk-takers are always doing. Obviously these risk-takers just don't go there without any knowledge about it. You can be a risk-taker but zero knowledge on the opportunity and in the end, you will lose a lot. Risk-takers who knows what he/she is doing are the ones who will be achieve financial freedom and will succeed in life.

Demonstrably false. You may only hear about the "risk takers" who made it and not the vast majority who lose because of risky behavior. And you don't have to look far to find evidence of that. All those idiots on WSB who were still buying GME above $300 were risk takers, and now a lot of them are sitting on +75% losses. The idiots buying Doge at 8 cents were risk takers, and they're sitting on substantial losses now too. Risk taking for the sake of risk taking is stupid. It's not about risk taking, it's about intelligence somewhat but mostly about luck. The earliest investors in GME were lucky. If they got out of their positions when it was up 30,000%, they were smart.

The early adopters don't really risk that much TBH seeing how cheap the price of BTC back then, except if you're investing million dollars  to btc when it was still at early phase but most of them bought it with hundreds of dollar and they got the jackpot because they see the underlying technology and potential of bitcoin is really something that could be revolutionary, however if what you aim is to be reach, having a quite good job but great at managing money suffice.

The reason why risk takers are always ahead is because they always experience something new, something advance that ordinary people don't want to take risk. Risk takers are always 50:50, either they learn on something after they failed, or win in something after they took the risk, while normal people has only 0% of gaining something because they are too afraid to do something.

That's why it's better to risk than to regret something in the end of the day. The best example are those people who doubt Bitcoin and now they are drooling to those who are making good money on it.

Those who are afraid to take risks constantly come up with some kind of negative statements in order to manipulate public opinion. The same situation was in early 2020, when skeptics said that Bitcoin would fall, not rise, and today, when we have good results, they again continue to manipulate opinion and provoke panic in order to collapse the market. Those who risked and invested at the beginning of 2020 have very good profits today.

Yes, that's right! 

It is very important to be able to take risks and be among the founders and pioneers.  Usually, founders are in a better position than followers.  For example, the founders of a successful commercial company receive the bulk of the profits from its activities.  People who later come to work in the company will be forced to be content with the role of an employee. 

A similar situation with investing in cryptocurrencies ...

Initial investors in Bitcoin, Ethereum, Monero, etc., have multiplied their initial capital.

That! Is definitely true. I have been saying this again, the rich can always have the opportunity to become even more richer, but the poor has a very limited opportunity depends on their risk tolerance. Now, what if this poor person doesn't have enough spare to sustain a long term investment? Of course they'll take what's necessary.

It is easy to say that in hindsight because if Bitcoin failed we would be laughing on the investors and making fun of them but now the move proved to be a masterpiece so we are talking about taking risks and its benefits. Even gamblers are taking risks so are they the smartest guys on planet? No! Its because there is a vast difference between taking blind risks and calculated risks. There are people who bought Bitcoins blindly and they are in profit but that's by luck whereas there are investors who actually read the whitepaper of Bitcoin, understood the concept and then invested.

I mean taking risks is important because the biggest risk you can take in life is "by not taking any risks" but you need to ensure you have something behind your risks as a backup and not just blindly gambling.

To someone who is financially poor, investing and planning for the future is something that gets a lower priority. Their current higher priorities would be to get a better earning, better housing, food and mode of living. It comes from the primal instincts of humans. Once these things are in place they can think about saving money for future or depositing money in a bank as the first mode, defenitely not going to bitcoin because in general the poor people less knowledgeable about alternate currency methods.

The best way for poor people to progress is gain knowledge, skills and word hard for a better living. Only then can they progress to higher strata of the society at a length of time.

what he said was true. You can't always wait for someone to do something and hope to get something out of it.
if it's like that you will always fall behind despite the advantage when someone does something wrong you can avoid it waiting for them to do it.
but you will always fall behind the others.

Being risk taker is fine if you have something to back you up, if you're so poor being risk taker will further destroy your life. that's why some people said being poor is like running in circle you'll get nowhere because the risk of being risk-taker will give you more backlash than those who are financially better and if you fall you get all the wounds. Except if you somehow found some good opportunity of making it big.

I get what you are saying, a lot doesn't understand what it really looks like to be poor, everyday you have to find a way to eat for a day, 3 times is like a Christmas. A lot of statistics support this claim that being poor will only lead to you becoming more poor, and to all the people who says that hardwork is the key for getting out, you are dead wrong, it is like being in a quicksand, the more you struggle will only lead to you sinking deeper. The risk for this people is a one time play that could spell prosperity if extremely lucky and death if not which is sometimes the higher of the two.

I think they are taking "risks" in the way that they have made a lot of money already and if they are still in that means they are saying no to millions of dollars in profit over the hopes of having even more millions of dollars. Now obviously they are not risking losing money, they are risking taking out profits, and that is not as bad as you might think, it is definitely easier choice to say no to millions of dollars when you know you are already in profit and won't be losing all of your money, but it is still must be very difficult.

Let's assume you invested 1000 bucks 10 years ago and now you have 10 million dollars, you can literally click one button and change your whole life and have 10 million dollars and live a great life today if you want to, and saying no to that in order to have 20+ million dollars in few years is definitely something that takes courage.

As for me, it isn't just about taking the risks that could make us financially stable but it's the way we make right decisions. It's all about doing the right things right. Being brave to take the risks isn't enough if we're not making wise choice. Investing in crypto is risky and we should be brave but we should also think of the best coin to invest with so we'll never have regrets in the future.

That type of problems are really not a 2021 problem, it should have stopped 100 years ago easily without a trouble. You know why? While I had the same problems, days when I wasn't sure what to eat for dinner and really drank a lot of water so it would keep me filled long periods of time, or find jobs that would be paying so low that it wasn't enough for anything but I had a meal there so I took it, worked in the worst jobs anyone would do, all because we were forced to because of financial situation in the world. But do you know why we do not need that?

There are enough food produced in the world to feed the world twice, TWICE!! Do you know why there are starved people when there is enough food to feed everyone twice? Because of two things, first is rich people in rich countries do not eat "enough" they eat waaay more than they need, secondly there are excess food that is trashed because companies would rather offer that food for American to buy and trash rest over giving it to starving Africans.

Life is always about risk and no risk, no reward but one thing we need to know is that we need to be educated about the risk we are talking, some people make uneducated risk and got burnt, look at people that invested into Bitcoinnet, Bitconnet is gone, Ethereum and Bitcoin are still here. All these coins have their own risk. My advice is that as we enter into this bull market proper always try as much as possible to protect yourself

I a fully agree with you, only when we are educated we are able to understand the risks we take. Without such education we would end up taking risks without even noticing it. The higher the crypto market rises the more interesting it gets to hedge our positions. Sure we could just outright sell our coins and take the profit but then we would have no risk at all. We all know that risk takers get rewarded, that is why it's so much better to hold stocks than just leave the money in the bank account with almost no interest.

That's so true and not everyone is born with a silver spoon in their mouth and not everyone can afford taking risks in life. I am someone who has been raised under extreme situations and forget about taking risks, I would be an idiot if even I think about doing something out of the blue. But the good thing about life is that it lasts longer than you think and turns more than you expect. Now my financial situation allows me to take risks and I invest in various tokens online, that's because I have the capital that allows me to do so.

To be honest Elon Musk took bizarre risks when he tried to launch his rockets and failed and was on the verge of being bankrupt when his last attempt actually worked. We are praising Musk not because of his planning but because of his success and where he stands today.

Experience is the key for us to know more on how the world works or on how thing works and of course its just impossible for someone to get it on their first time.

For those who do then theyre pretty good on achieving that without any experience without loss but its really hard to believe eh?

Risk taking is something that someone neither choose to dive in or not depending into their aims when it comes on making profits or money.
Risk takers are really ones who do have the advantage compared to those who hadn't but it would really be needing for you to risk out
money but if this isn't your genre then you can opt not to go in.

Taking risks is not always practical in nature for you have lots of things to compromise and you must be mentally ready to accept the possible consequences and the results that may come for the decision that you will do upon deciding to take such risk. Yes, risk takers do have an edge for sometimes because they can be able to know more information that other people are hesitating to do which allows them to start up wondering how things work and discover things that are still not informed into other people because only few know about it. But does not basically good at all times.

Maybe we should not compare Bitconnect with Bitcoin. The former was a ponzi scheme whose truth had been discovered a long time ago but people failed to realize it. The risk of investing in a ponzi is huge but then there will be people who are making money off that ponzi. Even then that money is going to be a black mark on their conscience and possibly in future when blockchain forensics become even more advanced, we might be able to see the real perpetrators get punished.

Dont correlate risk taking with investing in ponzis. Ponzis are scams, not methods to make money for an investor - a scam brings money to the scammer. Of course if the scammer can sleep after knowing this too.

Like I said previously, the intelligent people are the ones who make money.

That's my thought too, usually being risk taker is good when we know what we're doing and know how well things works. If we don't have a clue about what we're doing then we better back off and to learn some new things in the process. So many startups fail because they don't know how the startup market works but still taking risk anyway.
Being succesfully or financially ahead usually just know how to take advantage of an opportunity that appears to the fullest with the experiences. otherwise it's gonna be hard to reach that.

Exactly, the only "sure" key of climbing up financially for the poor is scholarship and then after that they could get all the opportunities opened up even like that they still one step behind because don't have any connections or such. That's also why most of the formerly poor people who fix their financial most of them become employee and don't really want to take the risk of becoming poor again by being risk-taker.
Though i don't deny that there's always some people who could escape from being poor but thats like 1 in 100000

As a risk taker you must be expecting failures too but yes it's better to do something than not doing anything at all, without any thriving there won't be any break through as they say, the bible already said we will eat out of our labours, the only way to make changes in life is the zeal of trying out something new

As they say, big risks, big rewards that's why most people who risked in investments made more profits in this industry but of course in a good way possible and with deep research and decision making, possible big profit outcome will be the results.

Of course, without analysis they probably wouldn't have taken this risk. These people, in my opinion, have enough experience in market situations that they dare to take off their hats in the hope of making a big profit. However, not all risk takers are successful on this investment, there are times when market changes are not as expected, although in some time it will recover. People shouldn't bet on trades just hoping that they will get a lot of money from the risks they take.

Risk taker can be the one that ahead financially, also can also be the one that ahead on bankruptcy, it will be different from every person and what risk did they take. Higher risk almost always means higher reward but not a lot of people can't handle the aftermath especially if it's bad that;s why they choose low risk low reward because they don't want anything bad to change in their life. Also you only see successful risk taker because they will be the one that share their experience not the one that fail spectaculary.

Yes, if you can’t take risks then you’re not ready to start progressing. Not taking risks means that you’re still living in your comfort zone and when you remain in your comfort zone there is nothing new that will happen to you until you’re ready to step out from that comfort zone and push forward.

There are some people who are always scared that they will lose what they have if they step out from that, and of course things like that do happen, and when it does it’s still up to you to decide where you go from there, it can be a lesson but it’s not the end. You can still continue giving it a try until it works out.

Understand what you want to take risk on first, hardwork doesn't always mean success if not there will be billions of billionaires in the world today, make sure that what you are thriving on can get you to a better place with just one good turn, I hope you understand what I mean here

     I hear you loud and clear. You really do have a point, but the thing about taking risks is that the risk should be thought of carefully and not dumb risk. And with an advice like this, the type of person or the mentality of a person should be addressed since we all take setbacks or defeats differently from one another. A man should be wise enough to know what risks are worth taking and what are not. He should be able to pinpoint which risks have defeats that he can take both physically and mentally or a knockdown which he's capable of shaking off.

Ain't to deny that, business owners are taking their to put up a business but before they are doing that, they probably know what could be the possible results. But I don't think that they are risking their money just to lose, they are wise and that is why they overcome the risk.

Basically, they a plan, and that helps them to stick to the goal no matter what happens and they succeed. Not all of us have this kind of idea, many got distracted by their emotions makes them not to succeed.

But don't make a mistake, there are also many people who dare to take risks without any planning, for example, they are gambling investors. Being a gambler, they only dare to place very high bets for high rewards. Even though they know, gambling will not make anyone rich. Their stakes are sometimes not basic, making me believe that not always people who dare to take risks will achieve success. But still, from a fraction of the number of gamblers, there are still those who achieve success in that field. And this is what makes the indicators of success become blurred.

Those who take risks with great responsibility can gains rewards after all of doing effort. That's true since not all risks taker ended successfully there is also a failure. But, with the failures you have next time you will learn how to work out your plan, the next step mission that you will accomplish. The more you focus on your goal the more it will give good in return.

They said risk-takers are money makers, the people who always end up on top. I think most of them, but not all of them. Investors and Traders, there's no difference both are risk-takers. It's up to them how they handle the risk. Do you think your money will grow by just looking at them? If we want to make more money, we, therefore, need to start taking the risk. Be as it may, we need to learn and gain enough knowledge about particular things that will help our money grow.

That is the reason if you look at the richest people in the world you will see that most of them had rich parents or family, they never really "took risks" in the sense that they would be poor or starving if they never did their jobs. Jeff Bezos? Guy who had island level big lot for their houses when he grew up (had a worse baby and toddler period but got richer later when his mother married a rich guy) and had a rich grandfather as well, not "this" level rich of course but rich. Elon musk? His father took ownership of mines and got rich off others hard work, Bill Gates? You think a kid at 17 can build something with his friend when they are poor?

There are people out there having hard time finding something to eat, Bill gates had all the toys he could imagine under his hand and he did whatever he wanted when growing up without a problem, Mark Zuckerberg? Dude was "all paid of" Harvard student, he came from a rich family too. All those "risk takers" came from a level where they wouldn't mind going back down, every single one.

I am completely concurred with this explanation that chance takers move quick as compare who take choice rationally.Taking dangers from the begin is way better than taking dangers that develop afterward on. Very practical, it is said to require a hazard with the rate gotten, and it is taken into thought. In case not choose for it, at that point when else? holding up will ended up a thing of the past when everybody is fruitful with all the choices. So what are you holding up for,Always attempt for modern and reach to goal.

I agree with you, without taking risks there will be no success (either personal or in business, it doesn't matter). However, before simply taking the risk one should assess the risk and its possible consequences. There are many risk-assessment techniques, that are used in business, project development, but, basically, you can apply them anywhere. My favorites are SWOT analysis (when you assess Strengths, Weaknesses, Opportunities, and Threats), which comes in very handy when you want to make your analysis as objective as possible and make the decision.

Also, there is a Risk Matrix, in which you enter data about the probability of something happening and about the consequences. The risk is considered as high if there's a high probability of something bad happening and vice versa. It seems like something you can put together in your head, but it actually works much better if you write it all down in this table/matrix, and use different colors and scales to depict the level of risk for each parameter in question, and in the end, you can calculate the overall risk. Using these techniques will help you to see the full picture, not just in your head, but a vivid image of it, and also to take into account every little detail you might forget otherwise.

You are just pointing out those big fishes on the top rank but how about on considering on those billionaires that
who grew up poor.?

1. Oprah Winfrey
2. Howard Schultz
3. Ralph Lauren
4. Larry Ellison
5. Kenneth Langone
6. Sheldon Adelson
7. Alan Gerry
8. John Paul DeJoria
9. Harold Hamm
10. J.K. Rowling

Source: https://www.cnbc.com/2017/09/11/10-billionaires-who-grew-up-dirt-poor.html

These might not be those top billionaires but there are people who work hard to attain their level.

I hope that you will still agree that hard work alone is not enough to become a billionaire and you need a successful combination of circumstances, and for every such lucky person there are a thousand less successful competitors. Steve Jobs was ruined several times or was on the verge of ruin and no one would have remembered about him if the business failed in the end. On the one hand, it is necessary to keep successful examples as a guide, but also keep in mind potential failures and do not forget that risk does not always lead to success.

I consider myself a risk-taker when it comes to financial decisions, yet I'm not so ahead. I guess besides bravery, you must have the knowledge and some luck :D

But I agree with you that better to be a risk-taken than a passive sheep.

To say the truth not all risks takers will always be a winner, you need to plan yourself very well and develop the not giving up spirit in you, many know how to take risks but not all of us knows how to deal with failures when they come, you have to be brave

The risk must always be justified. This is the key to the success of any business. If you just take the risk, then here you will be as lucky. Therefore, successful financiers will calculate everything several times in order to make a certain decision. Cryptocurrency in general is impossible to calculate. So far, you can only rely on a small ten-year experience of working with it. However, here it should be borne in mind that there are no two identical situations at different times. Therefore, in cryptocurrency, you have to risk moderately.

Indeed the fact is, those who are truly wealthy and successful in the beginning have the privilege of their family.  However, there are also those who succeed come from poor families.  However, if it is presented, it will be very far.  Only 1% of the truly rich are from poor families.  The rest, they are basically rich. If you look at their whole life, they are not really a risk taker.  Only the lucky have a better chance than the other poor.  Risk takers don't always make someone very successful.  It only accounts for a few percent in supporting someone to be successful.

What you see is known as "Survivorship Bias" - I can guarantee you that the people who come at the top at the people who work hard and are determined to reach their goals. This is completely different from risk taking, most risk takers get burnt out and what you see are the few who survived.

There is a subtle difference in the narrative here. OP is referring to the crypto sector where risk taking is a common practice, but in real life not all people are doing that. Most people are working to get a stable paying job and that should be the target for every other user in this forum too, leaving aside personal choice.

If you ask me, financially the hard working people are the ones whom I respect more. Risk taking is fine, but that wont keep you alive for long to survive that you can grow your money to a huge amount, only a few people have actually done that. Moreover what you see from your side is not always correct. Many stock traders and poker players actually have a lot of other investments and attachments to less risky sectors which allow a stable cash flow.

I mean, being a risk-taker should also have a reasonable mind that always plans well about how to overcome the obstacles and how to get up from failure, otherwise we'll become that kind of mindless risk-taker who might gets us to be homeless or a lacking person.
Most of the risk-takers I've seen seems reasonable enough otherwise they would definitely fail.
I guess being reasonable also comes with being risk takers. Though there's people who are too reasonable they don't even want to take the risk.
Also, when dealing with failures our bravery doesn't necessarily become the deciding factor but how much backlash and consequences we have from such failure that could be a huge deciding factor whether we can get up or not.

For example, absolutely everything is growing on the market right now! Even the most egregious scams are growing too! Many people take risks and make money on this growth... But the risk must always be justified! And if you are unlucky, then you just lose your money... That's why you should not only know how to choose projects, but also leave them in time! ;)

It is wise to educate yourself into something that involves high risk especially with those things that related with your financial
business, remember that you are using your hard earned money.

It's okay to gamble with the future if you have that knowledge that gives you chances to succeed, not an assurance but if you
have enough knowledge you can calculate and you can assess properly.

Reminds me how I took alot of risk while trying out things I read in articles about risk taking. Such publications usually missed teaching people the importance of mastering of things they wish to invest in for sustainable profits, with little to no risk ... When you start making reasonable & sufficient profits with less risk , you progressively increasing your investment in the business

Commonly said that tall risk high profit,But its not essential that all times but most of the times risk takers made the foremost profit, they are the foremost taught and most included within the showcase, they checked the coins with great potential, and they continuously need to be an early winged creature in each great extend, since they know there are covered up diamonds on modern ventures, once a risk-taker continuously a risk taker, since they know what and how to see and why it's worth the chance.Taking risk with great knowledge lead to profit.

Depends, if you're risk-taker with small capital big fat chance you gonna lose it halfway, I've experienced it, being a risk taker with just hundred of dollars, man, I wish I had more capital back then.
The profit gaining is slow and the risk still the same compared to people with big capital, but thats just my 2 cents though, just feeling bigger capital has all the advantages.

Not all risk takers always end up being successful, to take a risk you have to use your common sense or else you will keep losing over and over also as a risk taker you have to know how to manage risk, don't take risk with all you have make sure you only take risk with what you can afford to lose

Loving risk and being aware of risk are completely different things.
You can love risk but absolutely do not understand its consequences in case of anything, and you can calculate your actions and take risks consciously.
Any risk without a cold and precise calculation is a jump from a parachute only without a parachute.

Life is all about taking risks. But only risk on something where you think that it will improve yourself even if you don't succeed. Just like cryptocurrency, some risk their money not knowing if it will have a real value in the future. Let's admit that many of us invested on crypto because we see that its price in the future can give as a good return that we can enjoy when we retire or for our future generation to use.

~Take the risk or lose the chance.  :D

The majoirt of risk-takers dont even understand that they are taking any risks. Only professional risk takers get profits from this in long term

It is not guaranteed because the risk is risk there is uncertainty everywhere. If one takes the risk then it increases the possibilities to gain sometimes they fall into loss but the way of growing big is full of risks. If one studies the market, understands risk management, researches their work, tries to avoid hurry in taking g decision, and freezes for the shortcut cut way of making money then he should minimize risk.

Risk-takers are always ahead financially, but that doesn't mean risk-takers aren't knowledgeable and knowledgeable about whatever is being done, all because they are based on prior knowledge and learn well about the risks involved to produce great results.
Taking risks without proper knowledge is tantamount to suicide, so knowledge and analysis or anything related to that risk is very important to know the right time to start and not, and besides learning from experience and mistakes that make us more careful. .

How could it be ?
I'm not sure about that because it's about money. When they agree to trade crypto asset, they begin to agree on the risk they will face. I think all crypto asset trading platform have a risk warning. So nobody ignored that risk in my opinion.

I don't think anyone can profit here consistently over the long term. The main thing that I take into consideration is volatility and fluctuation. There are cycle that make them lose and profit even for professional trader.

Big risk takers, are not necessarily always ahead financial in the society, Calculated big risk takers on the other hand are the ones ahead. To win, you must take a calculated risk. If you sometimes just jump into a risk without proper and prompt calculation, you may not survive financially.

I do agree to this. Being able to take risk is part of the success in life financially. No one gets rich relaying to just one source of income. Which is why investments, which consists of different level of risks, is another way to have other source of income.

However, taking the risk without any proper research would also not make you ahead. You have to balance on how you take research with studies in order to minimize it and maximize the profit.

I agree that risk takers are often financially superior to people who are always in the safe zone. Therefore, most rich people are actually risk takers,
if we want to excel financially, we must have the courage to take risks. But being a risk takers must have knowledge and experience, without these
two things will only be speculated. Therefore, never stop learning all the knowledge related to investment, especially to be a risk takers you must
master risk management well.

Taking risks may well be a great way to achieve some big financial profits abut like many others point out the most important part of it all, at the end of the day, is to balance those risks. Risk management at its finest is required to to maintain and raise financial gains!
Take advantage of stop-losses if you are in a great profit and don't risk too much. It is really unnecessary.

Taking risk is good but if we can minimize the risks it will be better.

Thats why we need to keep learning every single day so we can managed the risk.

Sometimes we need to take the risk but if we just taking the risk without any information or we don't know what we invested in it's kinda stupid.

At certain point you have to realize that you could never get rich by working for someone else. I know that there could be few people who had enough money to retire early and have a decent life, but it is very very rare, as in one in a million, whereas other people who get rich (the 99.9999999% of all rich people) get rich by three ways, one is have rich parents, if you have rich parents you do not have to worry about anything at all. That one is not something you can deal with so there is no point on thinking about that, second is having your own business, if you can do that and you believe that go ahead and do it.

However the reason why we are here is the third method, making money with money, and if you want to get rich, you need to go into low risk, high risk, all risks in order to try every method you can to get richer, diversification is important and everyone should have both low and high risk stuff and hope for the best.

That's matter most, if you understand the risk you'll able to calculate everything.

Risk takers are capable in allocating thier funds trusting that what they've understand will bring them good compensations, high rish ends up also to a big gained if happened that you'll able to catch up the right investment. You always have to take time and efforts in finding the right venue of investment to place your money.

It is not really something you should be aspiring to be unless you have the money for it. I have seen people who have tens of thousands even hundreds of thousands of dollars go into risky things with only few thousand dollars and make a ton of money, and so the poorer people who do not have that kind of money go all-in for few thousand dollars and lose money, because they think they could do the same thing but fail to do so in the end, and they only have one shot at it as well.

It is not smart to be risk taker if your risk is greater than everyone else, going all-in to something is never advised and diversification is very important. I would say do not spend under 100 bucks or more than 1% of your money into something very risky, which means you should have at least 20k+ and invest 200 bucks in that case, otherwise if you lack that funds, stay on the safe side.

Taking risks is important but the risks you take should not be egregious or idiotic like investing everything you have into a new coin just because they were able to convince you into investing. Sometimes people say that buying Bitcoin was not a risk and people should have invested more, but explicitly speaking I always think there was a risk because although the model of Bitcoins was never in doubt but the adoption and acceptance always in question and we are great to have bitcoin being loved as much as it is, but there was not guarantee about that.

There should be a balance between the risks you are taking the rewards you are expecting. Taking a risk might be a student dropping out of college and starting his own business but not everyone can be Steve Jobs or Michael Dell. I have seen more people destroy their career by quitting their education than I have seen earn millions.

One might say Steve Jobs took the right risk which is true in hindsight but the same won't be said about him if his idea and plans failed.

Even a calculated risk taking process involved some risk and hence can make you lose a lot. They are not necessarily ahead but thought to be ahead.

Thing is that there will be risks in speculative markets but being knowledgeable about the market and knowing what you are investing in makes a lot of difference in your holding patterns and choices.

You can do that with practice and research.

Everyday is an exxageration. There is a world outside crypto trading too. If trading is not working out maybe your call is something different. 8)

It is not just stupid but dumb. However only the ones who have been trading will be able to know this.