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Author Topic: Does engaging with bitcoins put you at risk?  (Read 1737 times)
darklus123
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July 13, 2018, 12:54:49 PM
 #21

The cryptocurrency industry is type of mind games and a little bit of luck. The fact that this is beneficial with or without investments. Risky if you put investments in that is how should an investment works in every aspects and to whatever platform you choose to.

There are actually people who are getting it for free and just rotate the earnings to gain more profit. So if tou want to be in the game. You should play smarter and brave enough to handle any failures


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July 13, 2018, 01:38:03 PM
 #22

I like how you elaborate the truth about life, life is really breaking the stone to survive specially when it comes to financially matter. Everything that someone is doing just to have money is risky, there is no easy way to earn money. So participating in bitcoin is risky and much more to other cryptos but the good thing in investing on bitcoin is this is much safer than other cryptos.

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July 13, 2018, 01:39:26 PM
 #23

I do not think so , Bitcoin is just redefine how we earn and how we think about financial systems around.
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July 13, 2018, 02:05:55 PM
 #24

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 investment is always a risk because you are using your own capital so the best thing to do is just become knowledgeable before investing a huge amount.

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July 13, 2018, 03:20:24 PM
 #25

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?
That was a part of our life that seeking for financial support just to live with a single day in order to survive. We consider that if you have enough source of income you are healthy in that way, so, finding money is there always a risk on how to have. Cryptocurrency is one of the very well known digital currency that you may have a better profit so we need to across here our risk just to earn and have profit.
So, my point is the risk is a part of the success that we must ride on it and we know how to manage.

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July 13, 2018, 03:48:10 PM
 #26

Of course, and that we can not avoid. moreover we can not control ourselves against bitcoin development, the biggest risk is when we are too emotional in pursuit of profit from Bitcoin, and we are not getting profit from Bitcoin, but otherwise if we can not control ourselves. all will be lost in vain.
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July 13, 2018, 03:51:41 PM
 #27

Anyone who decides to invest in bitcoins and other crytocurrencies has already taken significant risk,that is why it is always advised not to place cash that is critical to your well being in it.
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July 13, 2018, 03:54:05 PM
 #28

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 investment is always a risk because you are using your own capital so the best thing to do is just become knowledgeable before investing a huge amount.
Well said, the knowledge of the investment in cryptocurrencies eventually turns the tide of things in your favour. It is only i crypto but in all classes of investment.
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July 13, 2018, 04:05:13 PM
 #29

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 investment has a risk, but investment also has a good advantage. Bitcoin investment is very risky but the profit generated from bitcoin is very large, I think the risk of bitcoin is proportional to the profit to be earned.
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July 13, 2018, 04:19:21 PM
 #30

Every investment have risk. Heck, even a simple lemonade stand. It's all part of making money. They just differ in the level of risk.

The worst that can happen if you invested in bitcoins is if you got hacked or bitcoin became unusable/obsolete. But so far, I've never seen any "investment" that have this much level of personal control and ease of buying in. You can practically leave any time you want.

$1 to $400 in 4 years and $400 to $10,000 in next 4 years defies all logics. That is super-HYIP

Even HYIPs/ponzis pay 100% to 200% per month for upto 3 years and then they shut down or run into FBI and interpol.

7 years. That's fairly long for even the biggest ponzis. You are not being paid other people's money, your bitcoin just increases/decreases in value because other people's perception of its value changes.
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July 13, 2018, 07:15:20 PM
 #31

I agree with most people here, who are saying that it does and it's a normal thing. Having a child is also a risk, leaving your home is a risk, eating food from a supermarket instead of growing your own is a risk. Life was built on risk! Cheesy

Dos that risk bring significant benefits? Sure it does and IMO it calculates pretty well. You can buy a car that will lose value over time, you can put money in a bank, or you can invest in something that can multiply it. The choice is yours.
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July 13, 2018, 07:19:59 PM
 #32

Investing in Bitcoin is undoubtedly risky. But the risk can come to us whenever it wants. Sometimes it may come to us in the next day or maybe in the next ten years. But if you want to make a lot of money, then you have to risk and invest in Bitcoin
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July 13, 2018, 07:37:05 PM
 #33

Not exactly, when you use Bitcoin then you are not actually thinking about legal in legal matters but instead, you are just thinking about a simple money that means you want that money to be worth in real life. If you think that the money is ready then do not withdraw it from the bank still you can offer into someone and take some services from them instead it will make your work much easier and you will get much more profit from this.  I have also try that method and paid a lot of people for doing stuff for me.


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July 13, 2018, 07:51:44 PM
 #34

In part, yes, since you will be dealing with bitcoins which is mainly utilized as an investment vehicle rather than a currency nowadays. We all know that every investment carries a certain risk with them, and bitcoin is no exception no matter how successful the asset had been for the past 10 years. Legally, you might be in trouble if there's a certain law/regulation which you break in dealing with cryptocurrencies. The general gist of the governments about crypto is that they are vehicles for money laundering, but so far, there aren't laws that exist which severely affects dealings with cryptocurrencies, only regulations that remove banks out of the equation for the end user.

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July 13, 2018, 07:51:51 PM
 #35

What do you expect from Bitcoin? If you are putting all your economies on it, expecting Bitcoin to save your financial life, expecting to become millionaire from this investment, then yes, you are putting your money at big risk. To give much importance to money is always risky, because financial markets aren't solid, they are very volatile and are always changing their form. You just need to calculate if it worths the risk or not for you.

In life, there are very low risk choices we make, but that aren't enough to satisfy our expectations. So to avoid risk maximum as possible isn't always the best solution for all our dilemmas.

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July 13, 2018, 08:08:10 PM
 #36

Bitcoin is a super HYIP. The demand for this main crypto currency will only grow, and the risk of theft of this asset will also grow. Any valuable commodity always falls into the risk of loss.
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July 13, 2018, 08:41:26 PM
 #37

In everything we do there is always a risk, in bitcoins tge risk is you dont know if the value of your money will be high or low and when it will happens.Un predictable.
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July 13, 2018, 08:41:53 PM
 #38

Yes, I agree with you. This is a risk, but agree with me that this risk is justified. In any case, you need to take risks. If you risk that you will have 2 options: either it will turn out or fail. If you do not take the risk option 1


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July 13, 2018, 09:15:05 PM
 #39

life on its own is risky, entrusting our hard earned money to a legal entity called bank is risky too, i mean what if the bank wind up or liquidate or goes bankrupt? you see that risk is inevitable in every human dealings. conclusively i will say engaging with bitcoin puts an investor at risk, but it will be more riskier not to take the risk.

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July 13, 2018, 09:21:28 PM
 #40

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?
even the life we are living is risky, entrusting our hard earned money to a legal entity called bank is risky too, i mean what if the bank goes bankrupt? you see that risk is inevitable in all human dealings. conclusively i will say engaging with bitcoin puts an investor at risk, but it is more risky not to take risk.
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