Bitcoin Forum

It has really gotten to me to bring to you this topic regards a friend that wanted to invest in Bitcoin but is afraid of risky it lol, I just laughed because I don’t understand how possible that can work?

Apart from Bitcoin investment, in a normal business, is also risky because so many things are involved, I just told him never to bother investing because, till you risk it you can’t make it, so many still do not get it, when it got to do with Bitcoin investment.

I think whoever is too afraid to invest in Bitcoin because of the risk doesn't understand Bitcoin well. If you have an understanding, you will be aware of the risks in Bitcoin, which you don't need to be scared of. Bitcoin is very volatile, and if you must invest in it, you should be thinking of the long term and invest an amount that you can afford to lose.

 If you are not doing this, it means you are going about it the wrong way, which means you are taking a risk that can cause you to be at a loss. Get an understanding, and you don't have to be afraid to invest in Bitcoin.

You should do well to edit the topic so that you don't get people confused. I believe you want to write risk and not 'rick' so you should try and edit it, so that other will not be confused the same way I was when I saw the topic.

Some body that is not yet to take risk because he's scared to lose his money, will not make more money unless he changes his mindset. In life everything is risky, even to sleep is risky, so why not him invest what he can afford to risk?
If he is scared to invest huge amount of money into Bitcoin because of the risks, then investing small money will not be risky too.

Why did you bold your entire write up OP?
Folks aren't meant to be scared away from Bitcoin coz it feels risky, dong so feels so lame. Yes we very well know that Bitcoin may be quite risky due to its volatility and that it doesn't guarantee us any kind of profit, but then tell your friend to take a look at the history of Bitcoin, how folks has been profitable while investing in it, that should do the convincing...Life itself is filled with risk starting from our daily activities like eating, playing, sleeping, down to even the businesses that we venture into, all has risks attached to it. And if folks are not ready to take the bull by the horn, by facing that facing the risk,instead of running away, they may not be able to make any profit or even do anything coz as I said earlier, everything in the life is risky.

Well if I may say not everyone is willing to risk what they can afford to lose because most of them don't actually want to risk it , why because they are scared that they might end up losing their funds. To me it's all about financial principles and planning. While Bitcoin is known as the most popular asset it is also volatile therefore without proper psychology, one might have issues holding for the long term and because of that, they might end up selling at a loss.....
So to me if your friend isn't willing to invest in Bitcoin then it's up to him to decide either he takes the risk to invest and with time he builds his holdings and his psychology, or he keeps his money in fiat currency. That's just it Most times as individuals we have to learn to take a step at a time. Well it's easy to say everyone's financial success is up to them and we can't force anyone to invest Bitcoin. That's all bro...

You must not invest in Bitcoin it's just a choice. Bitcoin is not the only good form of investment out there but it is also one of the best. Being able to invest in Bitcoin requires personal choice and understanding of how it works so you don't fall in the hands is scammers.
Avoid things like convincing people to invest in something like Bitcoin that is volatile because of the end up losing their money or getting scammed they will later blame you.

I get you, honestly any investment comes with risk, whether it is bitcoin or stocks or eve a regular business. Understanding the risk, doing your research and invest wisely is usually the key. If you never take any risk, you might miss out on opportunities but that doesn't mean taking unnecessary risk blindly is smart. Start small, learn as you go and gradually increase your exposure. the goal is to grow your wealth safely while being prepared for Ups and downs.

I think if your friend wanted to invest for the long term, he would not be so afraid of taking risks. Suppose there are two people and they will invest the same amount of money, but one is long term and one is a one-time investment. In this case, you will see that the person who is making a one-time investment or trading will be a little afraid because if the price goes down, he will lose a large amount of money, but the person who invests the same amount of money little by little over a long period and plans to continue it for the long term, the market fluctuations will not be able to hurt him much. And we know that an ideal long-term investor invests that amount of money that if lost, it will not have much impact on his life. And I think risk and fear depend entirely on the mentality and financial capacity of the person. A person will be afraid of risk only when that risk will have a big impact on him and most traders suffer from such risk or fear.

Bitcoin investment is not something you shove down someone's throat. So, let him be. If the reason he is having cold feet is because he knows little about Bitcoin, it's different. However, if it's because he's afraid of taking risks, his case is just pathetic. If there is no risk, there will be no reward.

Risk is also a part of every investment moreover if you're not ready to risk it then you aren't ready to make it because only the risk takers celebrate at the end, but not every risk is worth taking, their are some risk that is not worth taking because it could be very obvious to was doom, before taking any risk as an investor always check and balance it if their is a higher possibilities of  achieving success before taking it otherwise you better back off to avoid lost.

Bitcoin investment is an investment of all time and it has done so much for many folks over the years, I prefer taking risk in an investment like Bitcoin that is sure and reliable than risking it for some shit coin that am not sure of.

That na normal tin way don happened many of us my dear. Of the truth, anybody way hear of bitcoin and just jump in to invest in am dey always regret bcos dem no consider the risks about the market sentiments bfor dem invest their money there but just tink say a common market after hearing from people and reading news about how people dey make richness there.
So a true investor especially beginners most first get that fear and then, if really interested to invest, dem go to do their research about the true situation and nature of the asset bfor dem build their minds up to bear the risks.
So u need put that ur friend through if em really get interest but no convince am.

I understand that there is no business that does not have some level of risk involved, including Bitcoin. But I have noticed that some of the person pushing this narrative of Bitcoin being risky do not even know what they are saying because they cannot explain the risk involved, investing on Bitcoin. If you chose the right wallet and store your Bitcoin safely then you just have to HODL and the risk will almost be eliminated. Bitcoin is only risky when you store your Bitcoin in a wallet you did not control the private keys or you are buying for short term gains.

Is there any job in the world that is completely risk-free? Probably not. All jobs have a risk of negative outcomes, either low or high. Bitcoin investment is also risky, but it is not very risky.

Bitcoin has become a store of value and is spreading worldwide, so it may seem a bit impossible for Bitcoin to reach zero. However, we must plan ahead for the negative aspects. Even since Bitcoin is a long-term investment, many cannot pass that time properly and are forced to sell at a loss in the middle of the investment.

Bitcoin long-term investment has a small amount of risk where the possibility of losing is somewhat less. Since it is connected to the internet, we cannot trust Bitcoin 100%. Basically, these are the things that make Bitcoin risky, we should not be too afraid of this risk. Proper knowledge and the right strategy can reduce this risk further.

If you want to achieve something big, you have to take risks, success cannot be achieved without taking risks. But before taking risks, you have to gain specific knowledge about that subject, taking risks without gaining knowledge is nothing more than Stupidity or madness. You have to gain correct knowledge about Bitcoin and after setting aside all our necessary expenses, we have to buy Bitcoin with the remaining money. Bitcoin is a long-term investment, you can buy Bitcoin with the money you can afford to lose and hold it for the long term. The price of Bitcoin fluctuates rapidly. Those who buy Bitcoin with confidence and hold it patiently without getting scared when the situation gets bad can ultimately achieve success. So, without getting disappointed, by gaining the right knowledge, buy more Bitcoin with confidence and holding it for a long time, profit can be expected in the long term.

Ask your friend if he meant to have a long term investment, anyone afraid of Bitcoin volatility are usually those who wants to make gain in a short while or they haven't studied Bitcoin very well before acknowledging to start up an investment.

The risk in Bitcoin for longer term holders, is the ability to store Bitcoin in a safe location, when it comes to ups and down of the market, they make no worries, because definitely with time the market usually adjust with several sets of new ATH.

You don't need to persuade them if they are unwilling to invest on free will, Bitcoin is optional and for those who sees the bigger picture.

I think people are afraid of Bitcoin just because people don't know what it is.  People take more risks in normal businesses,  in which they'll buy an item and sell it or take out a loan from a bank and even start something with no clear plan,  but if you mention Bitcoin, suddenly risk becomes a problem. If people think bitcoin is really risky based on the description, then yeah they are going to see it as a risk.

For me,  I don't think risk is the issue, because every move you take in this life comes with risk.  The reason why Bitcoin is different,  is because Bitcoin doesn't hide it. Bitcoin shows you the ups and downs in real time and that makes people uncomfortable. But the truth is if you actually take your time to understand what you are doing and if you don't invest blindly, then you'll see that the risk becomes manageable.

People want to make money without any risk or stress,  they just want assurance before they act,  but that is not how the world works.  People don't really understand that even a normal business have people that are losing money every single day and thousands of businesses will fail, yet nobody is using that as an excuse to avoid business completely.

For me personally,  I don't really see Bitcoin as something special to fear.  I just see Bitcoin as another good opportunity that just requires learning,  patience and self control. If people are not ready to accept risks in any form, then investment, whether in Bitcoin or not probably isn't for them

He should first develop a courageous attitude, as you say that even if a normal business is started, there is risk involved, basically risk is involved in every field, but if there is no ability to manage that risk with courage, then we will not be able to succeed in any field. We must take risks, and through risk management we will have to survive there and ultimately achieve our success. Achieving any success is fraught with many obstacles, but we have to move forward with courage, ignoring all kinds of obstacles, panic and fear, then we will be able to reach the peak of success.

When you understand Bitcoin very well you won't be afraid of investing in it because is a long term investment and if you're patient you will surly get what you need, so people that are scared to invest in bitcoin if you check them they don't have enough understanding about bitcoin they think is the same with other crypto that can make you lose everything easily I mean all this meme coins because that is only the coins that you will buy you won't have confidant of getting profits, you can even lose all your funds in it. and the price won't increase anymore because is not a good project they don't value the coin anymore.

Anything that they don't value will always drop down and that is how some shitcoins. Bitcoin need patience and get understanding even do is small because you can't get all the full knowledge about crypto because everytime new things always comup. As a investors just put in your mind that if you didn't take risk you won't get what you need.

You can't blame him for been afraid, anxiety is a norm when you want to try something new and this thing invokes money you have saved up for sometimes. It may not be for sometime but you don't want to make a great mistake. It's norm for a new person to try something new and get some fears, it's your responsibility to encourage the person, tell the person somethings about Bitcoin and how important it will be for him if he do the investment.

I will like you to extend that advice by telling him the consequences of the investment, tell him to not buy Bitcoin with money he can't afford to lose. So he doesn't have high expectations from buying and holding Bitcoin. This is one of the best way you can do as a friend that laugh, such can make him have insecurities that even next time he want to ask a a question about Bitcoin, he will not want to ask you again because he will feel like you will use it to laugh him.

Sincerely speaking when it comes to Bitcoin investment I don't see much risk there, so I see no reason why some will be afraid to invest in Bitcoin that less risky compared to other investments. A real Bitcoin investor with Long term mindset has nothing to fear, be it volatility or what ever, just be consistence in accumulating bitcoin with your leftover money (discretionary income) using the DCA method and then hold for long term, and also ensure to use a safe and a secure Bitcoin wallet for storing your Bitcoin, build your emergency fund and back fund.
See to be frank here if you can be able to be consistence in accumulating to enable you accumulate a good portion, and try as much as possible to secure your bitcoin portfolio through two to three cycle, trust me you are going to be in a reasonable profit in the long run.

Is Bitcoin investment really risky so much that one will fear investing into them even after knowing about the risk involved, it is such a question of contemplation to some extent. Bitcoin investment is very important to learn about the disadvantages and knowing how to deal with them in the process. The advantages already overwhelmed the disadvantages, so it is actually important not to have a different overview from the actual viewpoint of the market. Every investments carries their risk and we should get to know more about the risk of a business before venturing into it because that’ll guide us not to make unforeseen mistakes that will cost us the investment. It is very okay to fear before going into an investment, but it is also important to know the approach to be used in an investment that you’ve learnt about its pros and cons.

Anybody who sit down, and thinking of investment but don’t want to take the risk his just saying it but not ready to invest, and this is not only bitcoin. But any other  investment. However, bitcoin investment has some certain risk, that one must take before been successful in it, so if someone will want to invest and scared if the risk in the market and then definitely that person isn’t ready, perhaps he don’t have the basic knowledge of bitcoin investment.

Everybody get their own risk appetite, if person believe say bitcoin dey too risky for am, then i understand what they are talking about. There are less risky and volatile investments wey such person fit get into. The main risk in buying bitcoin for a lot of people is the fact that them go be their own bank, no be even about the price. You know say most people are only used to centralized systems, so a decentralized ecosystem may prove challenging to them and they could lose their funds.

That said, wetin i dey advise newbies na to start slowly. Learn about security first and the basics too. Then start to dey accumulate small small. Going about it this way would ensure that you do not make a devastating mistake.

Being a crypto investor is all about taking risks, But it is better to make sure that you are taking responsible risks because if you don't you might run into losses. Even though bitcoin doesn't really settle on a dump permanently  you can still lose significantly. in October a lot of people invested 90 percent or if not all of what they had on bitcoin investment but the market crashed and they ended up losing a lot which resulted in the death of a lot of cryptans, it was sad that they took their lives, this are the cons of taking high risks in crypto

Bitcoin investment is all about taking risks, first of all you must be fully aware of what you are getting into and also how the market works...It is important to know your limits and capacity, don't go beyond it because you see what someone else is doing..if you don't take risks that you arr mme capable of then when you start losing it is going to be difficult for you to be able to get through it

Make I just say your friend fear to risk the money that is actually make sense, investment in bitcoin is risk we believe that, but what one need to understand is that every path to growth carries risk behind, even normal business can fail because of bad location or low sales, every investment one want to do, you have to think it twice whether it goes the way you want it or you lose. and we know that bitcoin has the price volatility and risk, but that's not really the issue, the issue is to understanding the risk, instead of ignoring it.

But where I really disagree with you is that telling your friend, never to bother investing, I think the only message you can pass there is awareness, to just simply tell your friend, never to invest in what you don't really understand or invest what you can afford to lose.

It is afraid to invest in Bitcoin because it does not have proper knowledge of Bitcoin and cryptocurrency in general. Most of us here, before we start investing in Bitcoin, are also afraid to invest because we don’t have the knowledge that can convince us enough to invest in Bitcoin. In fact, some people, when they started their Bitcoin investment, had the mindset to invest just a very small amount of money. But later, when they started understanding Bitcoin more, their mindset started changing, and they wanted to invest much more than what they planned before.

Another point is that we also need to be afraid sometimes of where we are going to invest. If not, and we try to take too much risk, we may end up in trouble. There are investments that some people are regretting now because earlier they did not properly consider the risks they were taking. Some investments were not worth the risk. So, we need to stay calm and learn properly about the investment risks we want to take, and that way we may not regret our decisions

Bitcoin investment isn't risk-free because all investments and businesses involve risk. The people who invested in bitcoin early took risk by investing their money into bitcoin because they had no idea that the bitcoin price would skyrocket in the future, and some of the investors that didn't sell their bitcoin but held it for the long term bitcoin turned them into millionaires in dollars. Tell your friend there's no time bitcoin will be risk-free, so if he still want to invest in bitcoin, he can kickstart his bitcoin investment before it will be too late for him.

You are right. If someone says they want to invest but are scared of taking risks then deep down them, I will say they are not serious and ready yet. Every form of investment always comes with a degree of risks whether you plan to invest in real estate, stocks or other businesses. Bitcoin risks can be big sometimes and yes, it is because it is usually affected by the uptrend and downtrend of the market which is caused by its volatility. If you want success long time, then you must accept to take that risk and learn how best to handle it.

Risk should be taken in every field, otherwise no one can succeed, not only Bitcoin investment, if you want to start a business, you still have to take risks. The more risk a person is willing to take, the more likely he is to succeed, but before taking risks, you must have a proper plan. Moreover, it is important to have your own experience and skills with the plan, otherwise you will not only not be successful by taking risks, but there is a high chance of losing money. However, we should invest in Bitcoin and keep it for a long time. If we are ready to take big risks in Bitcoin, we will be successful in the future. We know that the future of Bitcoin is very good, and those who invest in Bitcoin and take risks will be able to succeed financially in the future.

One major stay and confidence that Bitcoin investment brings is that it has proven itself over the years to be a store of value and has not failed. All we see is it's down time, and this is because of its volatile nature, and what next, it appreciates. It's always in the move in either direction, but Las Las, E go still appreciate. So the point how you invest in it. If you invest rightly, like investing using your discretionary income and then slowly building up your emergency funds and other back up funds, you would be able to buy consistently and HODL for the long term. So fear should be overcomed because Bitcoin has proven itself