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Author Topic: Does engaging with bitcoins put you at risk?  (Read 6769 times)
BagzMM
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July 24, 2018, 12:52:49 AM
 #101

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
In my opinion, yes it is a risky thing to be involved in a volatile market like in cryto world. We aim to gain profit or wanting it more than what we want. That's why we give effort, time and money for that matter.
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July 24, 2018, 01:30:40 AM
 #102

Yes it does.
Ever since we start investing money into crypto market we are already accepting a lot risks.
We don't have money anymore, we own coins. However, they are all virtual and technically have zero values. So we never know one day our entire investment turn into nothing.
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July 24, 2018, 01:42:14 AM
 #103

It really depends on how you put yourself into it. If you are investing a lot of money from it, well it can really put you to a big risk. Wherein someday, if it lost all its value, all your hard work and sacrifices will be drawn away. But if you invest it wisely, you can escape that risk. Virtual money is really a risk, especially today, modernization is starting to kick in, hacker and modders are gaining knowledge on how to hack different sites wherein we invest our crypotcurrency. We should double the security we are having today. So better invest your tokens wisely so that it will not put you into a risk that will diminished all your efforts.
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July 24, 2018, 01:45:11 AM
 #104

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
In my opinion, yes it is a risky thing to be involved in a volatile market like in cryto world. We aim to gain profit or wanting it more than what we want. That's why we give effort, time and money for that matter.
If we are really into investment and we do accept the risk,  we will do our best to engage our time finding each advantage that we can get, researching and studying the market for the best of our interest will bring skills that we can use to avoid and lessen the risk, its all about how we deal with something that we fully understand to justify the risk or take the outcome.
anavir
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July 24, 2018, 02:32:24 AM
 #105

All that we do is always at risk and it is up to you how to handle and deal with it.Although investing in bitcoin is risky because of its volatility but if you are patient enough you will gain money more than what you expect so, consider the risk as a challenge if you want to become a successful investor.

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July 24, 2018, 02:37:13 AM
 #106

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

Everything in bitcoin is a gamble. You either win or lose so deciding what are the best for you is up to you. Risk is a part of our lives especially in business associated things and bitcoin is one of them. Bitcoin requires taking risks because it is now considered as an investment for most of the people and investment means taking risk due to you can't predict the outcome of it. Investing in bitcoin is a risk because it is volatile.

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Macai
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July 24, 2018, 02:59:37 AM
 #107

For me, every investment that you take involves risk, not just in online but also in businesses. when you open a business, you are taking a risk because you will not know if that business will succeed or not, so how much more in Bitcoin investments that involves many scams, hypes, ponzi schemes and etc. They are all at risk.
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July 24, 2018, 03:35:26 AM
 #108

If you're loke me and you treat bitcoin or any other crypto currency as an investment then yes it carries alot of risk but that is where risk management comes in. You will have to do to everything you could to minimize the chance of your investments failing. The main move for this is to study the market and trends.

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July 24, 2018, 04:02:46 AM
 #109

For me, every investment that you take involves risk, not just in online but also in businesses. when you open a business, you are taking a risk because you will not know if that business will succeed or not, so how much more in Bitcoin investments that involves many scams, hypes, ponzi schemes and etc. They are all at risk.
I have the same opinion that there are always risks and dangers hidden behind every investment we take, whether it is opening a shop or trading bitcoin. I believe that if we want to earn a considerable amount of money, risks is unavoidable. We can choose those safe jobs not involving too many risks but its outcome won't be as desirable as it of risky jobs. So engaging with bitcoin will surely put you at risk but it is worth your while since bitcoin can bring you so much profit if you have enough knowledge and experience.
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July 24, 2018, 04:04:57 AM
 #110

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
In my opinion, yes it is a risky thing to be involved in a volatile market like in cryto world. We aim to gain profit or wanting it more than what we want. That's why we give effort, time and money for that matter.
If we are really into investment and we do accept the risk,  we will do our best to engage our time finding each advantage that we can get, researching and studying the market for the best of our interest will bring skills that we can use to avoid and lessen the risk, its all about how we deal with something that we fully understand to justify the risk or take the outcome.
Risks are innately part in the field of Bitcoin and we must learn to accept that reality. Bitcoin is highly-volatile and its price is constantly changing ups and downs. However, what we can do is to realize that bitcoin is valuable and profitable, and it depends on us how we manage to gain more knowledge, manage risks constructively, and explore creative ideas for progress. Learn to strategize, welcome challenges, and still be positive and determined to reach for success.
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July 24, 2018, 04:27:49 AM
 #111

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
In my opinion, yes it is a risky thing to be involved in a volatile market like in cryto world. We aim to gain profit or wanting it more than what we want. That's why we give effort, time and money for that matter.
If we are really into investment and we do accept the risk,  we will do our best to engage our time finding each advantage that we can get, researching and studying the market for the best of our interest will bring skills that we can use to avoid and lessen the risk, its all about how we deal with something that we fully understand to justify the risk or take the outcome.
Risks are innately part in the field of Bitcoin and we must learn to accept that reality. Bitcoin is highly-volatile and its price is constantly changing ups and downs. However, what we can do is to realize that bitcoin is valuable and profitable, and it depends on us how we manage to gain more knowledge, manage risks constructively, and explore creative ideas for progress. Learn to strategize, welcome challenges, and still be positive and determined to reach for success.

Wherever we go, whatever we do, and whenever it is, risk is always there it depends on us on how we handle it, or on how we convert risk into challenge. So you're definitely right, just continue to stay positive inorder to gain success.
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July 24, 2018, 05:08:49 AM
 #112

Yes it does and i think all investments have a risk whatever investments is that. Risk is part of investment. You can't avoid to take a risks if you do an investment but you can control or handle it by knowing whats really the field that you want to involved in.
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July 24, 2018, 05:49:50 AM
 #113

Any investmet is risky, therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. Their main aim is to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices. They are also helping insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level. Also, they are powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.
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July 25, 2018, 04:25:00 AM
 #114

So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
There's nothing in this world that doesn't have risk if you want to gain something. Risk is associated with gamble so everything that you are taking with risk is a gamble.

I'm not even taking of engaging with bitcoin and having it as a risky thing, you are just overthinking that much and its possible that you don't even have it.
I think being with bitcoin is somewhat taking risks already.Investing in it does not give full assurance that we will gain  profits all the time because the price always fluctuates.The price may up this time but maybe in the next hours,it has high chances to fall.But having this high volatility will give us hope even more to be rich in the nearest time.
Yes and that's what I've said, you are with risk already if you have bitcoin. How? as you mentioned the price fluctuates.

So if the movement was positive, the risk was worth it if the movement wasn't so good for the past weeks to months then you have the consequence and that's the risk.

But most of our experiences, taking up risk with bitcoin is always worth it year after year.



 

 

 

 

 

 


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July 25, 2018, 05:49:39 AM
 #115

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

It's probably true that engaging to bitcoin can put us at risk, but always remember that almost everything here in this world that is related to money is totally risky, specially in investing. So engaging in bitcoin is just like taking a risk outside this crypto world and nothing to fear of anybody.

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July 25, 2018, 06:02:35 AM
 #116

true, engaging in bitcoin is a risk, first we are risking money that normal people say this does not make sense because it is not in the tangible form, then bitcoin values could have been manipulated (this is still a possibility). I think the risks involved in doing business and doing something are must exist, but behind the risk there is also an advantage / benefit / profits.

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July 25, 2018, 06:08:21 AM
 #117

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

It's probably true that engaging to bitcoin can put us at risk, but always remember that almost everything here in this world that is related to money is totally risky, specially in investing. So engaging in bitcoin is just like taking a risk outside this crypto world and nothing to fear of anybody.
Risks are part of the game, however, I don't think it's something to be afraid of. It takes bravery, willingness and acceptance when engage with bitcoin. To overcome risks is to gain knowledge, be committed, and be patient. Risks don't always imply fear, it's also the best platform to explore and grow productively. At the end of the day, it's all our choice if we choose to settle for ordinary or go extra mile.
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July 25, 2018, 06:25:43 AM
 #118

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

Yes it is putting you at risk because the market is volatile so you will never know when will the price is going to pump or dump in the market.
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July 25, 2018, 06:57:10 AM
 #119

Every investment that we take entails risks, including bitcoin. To achieve what we want in our lives, yes we do everything to have it, taking risks and all. In bitcoin there are risks, but of course it would also requires us to be emotionally and physically ready for it.
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July 25, 2018, 07:02:30 AM
 #120

We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?

Every kind of investment is risky and we should just be brave and strong enough to take all the risks to get a good gain. Without taking any risk, we would be able to get closer to what we want because risk taking is a step closer to our dreams. If we aren't ready for the possible consequences, we won't gain anything.
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