Does engaging with bitcoins put you at risk?

[noah tall]

In this world we can't life always be safe because sometimes we also required to take the risk if we want life with healthy financial and involved in bitcoin indeed very risky besides still not admitted as the currency then bitcoin price also unpredictable but i think the risk are equal to the benefit itself that as you can see here bitcoin already help many people including me to increase standard life

Yes, I don't think engaging in bitcoin is risky at all, it is the exchange to your bank that may put you in risk. In my country there is no law that states if coins are legal or illegal. So, it is a gray area.
However if I withdraw cash from bitcoin exchange, government sees that there is money coming in my way. They don't know if its bitcoin or not and they don't know how to tax it properly, so they leave it alone for now, I wonder what would happen if it goes to million dollar levels (hope I find out one day )

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[ausbit]

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?

Bitcoin, whether risky or not risky, it all depends on you. You have to be careful and not trust people easily. Even without Bitcoin there are already lots of scammers online, so don’t think that Bitcoin is the only risky thing out there. Even with the use of banks you can still get scammed.

Some of us are careless, they don’t even mind that they are using wallets that are unsafe. I can’t use a wallet without 2fa, it’s very risky. 2fa gives extra security to your wallet and it can’t be hacked easily.

And don’t store all your Bitcoins in an exchanger except the amount you want to use for trade. Mind who you’re doing business with and always do business with legit buyers and sellers.

[BitcoinMarketer39]

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?

Obviously yes, because investing on a cryptocurrency will not make you earn profit instantly since it takes time before the market price pumps up in the market.

[quality.crypto]

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?

Obviously yes, because investing on a cryptocurrency will not make you earn profit instantly since it takes time before the market price pumps up in the market.

People always look for short-term money, if they don't make money then they start saying negative rumours about the Bitcoin. We have to wait some time in order to make a profit, in this world nobody gives instant profit after investment.

[Boris_sahnevich]

Investments are always risky. There is a possibility of growth in stocks and coins. And we invest in those coins that are more likely to grow. But the probability of a price increase is not a guarantee of growth.

[Efiraboy]

It is real risk or a gamble to invest on something which you will never know what the future is, not unless things just happened. Bitcoin is the same as it is always unpredictable. Everytime, things may never be the same as what have happened. So we really need the skill to help predict outcomes as closely as possible. This helps a lot, so that we will never fear it and risk will always be manageable. Don't fear risk as it is natural in business.

The big risk in the world is in cryptocurrency investment. The price is not guaranteed and can dip anytime and you can lose your money. That’s why I always say the for crypto investment two things are very important, patience and courage. If you can hold your coins in worst situations and can bear the loss due to fall in the price you can make profit from crypto investment.

[Offece]

nicely technically some thing that has to do with or involves cash are risky so whether or not it's miles an investment or engaging in bitcoins and other cryptocurrencies that are essentially money in case you convert it to fiat are also volatile in my view.

[Ranly123]

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?

Investing in bitcoins and other cryptocurrency really put our investment at risk. The main reason of it is the volatility which triggers at any possible time. Our investment might lose but with the risk it holds comes the bigger gain if our investments comes on our way.

[Limar0]

Yes, especially if you are risking your fiat money into it. But if you will just do bounty hunting, then it will be much better. The rewards you get from bounty is the money you will using to invest either of the coins you would like to hold for a longer period of time. If this will be your strategy in doing investments then no worries at all since you will not be losing your personal savings. Time, effort, hard work, patience and perseverance will be your weapon to be able to succeed when engaging in bitcoin and other crypto.

[jossiel]

Investments are always risky. There is a possibility of growth in stocks and coins. And we invest in those coins that are more likely to grow. But the probability of a price increase is not a guarantee of growth.

Correct!

There's no guarantee when you put money on an investment and in bitcoin as well. But everyone is bullish here and sure of where they are putting money.

Bitcoin has performed very well for the past several years, it's not that I'm saying there's assured profit but still invest only and take the risk that you can.

[so98nn]

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?

What you are sayimg might have made more sense a few years back, while the attitude of some countries is still not very welcoming towards Bitcoin, its decentralized base gives it the power to overcome these challenges. The market for altcoins is still riskier, and new investors tend to gamble on them, because they all want a quick buck. A huge number of investors pay no attention to the project behind the ICO and are just grasping new opportunities without any required knowledge. So the risky gamble that you are talking about is due to their own greed

[Nikola95]

It's like any other fiat investment. And every investment put you at risk. And plus, this is online, there is lot of manipulations with price, so yes, it is risky.

[Streamlink]

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 investing in Bitcoin puts you in risk, it’s just like when you’re investing in forex. Even before you got into Bitcoin I believe that anyone that told you about it or any source that you read it from must have told you that it is very risky cause of the volatility. If you are not careful you will lose your money in it, but just like they do say whenever you invest you should have patience cause when the price falls it will also go back up again. It doesn’t go down forever, same as it doesn’t go up forever.

[pallang]

Investing in bitcoin is a risk and if you're wealthy and can take the risk and fear that you might lose your money you're a winner in the end especially when the project is a success but if it's not that's the greatest fear especially now that there are lots of coins in the market.

[Pattart]

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?

Obviously yes, because investing on a cryptocurrency will not make you earn profit instantly since it takes time before the market price pumps up in the market.

I think it is not related to gambling because we know the potential of bitcoin prices in the future by looking at its development, we don't buy coins randomly right? so you do not need to be afraid of it, but of course the risk persists, because sometimes internal factors such as impatience, panic, etc. will make you lose...

[Adebits]

Bitcoin and altcoins as a investment is a business and any business has its own level of risk. You need to know and prepare for this because the way up is not easy, there are some time you will like selling all and quit

[Renai0925]

Technically everything with money involved is a risk. It just depends on the amount of risk you're getting. You invest, you risk losing your money due to failure. You go to work to earn money, you risk your health going out to do so. Risk is everythwhere and it's all about understanding and accepting it.

[kripkiki12]

Everything put that you invest in put you at risk. There is no investment with considerable interest that is risk-free, or if advertised that way, it is likely a scam. All crypto investments are risky in a way, but I do believe that it will be the future in the upcoming years.

[tanghere02]

I think anything you put as an investment always put you at risk, I think thats given especially when you deal with money. But as they all say, never invest in something if you cant afford to lose them so that takes risks as well.

[Malya_alkendy]

Bitcoin has provided tremendous benefits to me, and I feel there is no negative risk here. most just addicted to playing smartphones, because from here I usually access bitcoin, ranging from trading and working on bounty campaign. in addition, everything turns in a positive direction.