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Author Topic: Does engaging with bitcoins put you at risk?  (Read 3013 times)
drm
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September 01, 2018, 09:13:49 PM
 #441

You can compare it to dealing with cash, which everyone does. 
I guess it depends on what kind of transactions you do and with who.
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Mjadon15
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September 01, 2018, 09:16:40 PM
 #442

One risk I've fallen for is the risk of Price Volatility. The value of cryptocurrencies may change significantly even in a single day, which would mean a capital loss of your investment.
Cryptocurrencies lack the historical track record of other currencies or commodities, such as gold, that could guide whether current levels of volatility are typical or atypical.
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September 01, 2018, 09:28:02 PM
 #443

Life its self is a risk. Bitcoin is a second risk.I love risk.

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September 01, 2018, 09:35:18 PM
 #444

Every profitable venture is globally is filled with risk, If you cannot take risk then you not ready to earn in life, Bitcoin is still emerging digital currency, several individual has earn from the currency do not be left out because of the risk involve.

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September 01, 2018, 09:47:03 PM
 #445

If business or venture promises a smooth ride (no risk), then run. Investing in Bitcoin is risky considering it is still emerging and at infant stage. One can gain everything and still lose it all. The question I ask myself in any venture is that does the risk worth it?

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September 01, 2018, 10:07:43 PM
 #446

Many countries are worried about the consequences of bitcoin caused such as money laundering, drug trafficking ... More and more websites, forums open to entice, guide how to play, how to "dig" Bitcoin. There are websites that offer examples, successful proofs as well as "real" swap transactions from Bitcoin. However, no one can authenticate these "real" transactions in fact.

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September 01, 2018, 10:30:06 PM
 #447

You can compare it to dealing with cash, which everyone does. 
I guess it depends on what kind of transactions you do and with who.
That's definitely true.  PayPal just reversed one of the payments made to me for bitcoin--and it wasn't a chargeback, it was PayPal's suspicion.  Not sure what the issue was, but I don't want my PP account nuked.

I heard many of my friends say, investing in Bitcoin or cryptocurrency is like a gamble. If we are lucky, then surely we will get a lot of money from investing in them. Otherwise, we would seem to lose everything.
Yeah, yeah, it's a gamble.  So is buying stocks or artwork.

I know this thread was started by someone who needed to start a new thread for whatever reason, and I'm not sure why he's asking what he's asking--but I would say that since BTC is still associated with dark market transaction and scams, people are going to look at BTC transactions and the people who own BTC with suspicion.  Why do you think Coinbase cancels accounts associated with gambling?  Why do you think banks haven't gotten involved with bitcoin?  Why don't payment processors allow businesses to accept payment for things like kratom?  They don't want to be associated with vices, that's why.  And bitcoin is inextricably linked to them. 

There's a reputational risk at best, but I don't care.  The banks and everyone else will come around eventually.

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September 01, 2018, 10:38:54 PM
 #448

You can compare it to dealing with cash, which everyone does. 
I guess it depends on what kind of transactions you do and with who.
Every transaction you have with bitcoin is risky, whether you are just transferring bitcoin or you are investing there’s a risk. So before you make move, make sure you are ready for that risk because this market is full of tricks that you must know how to solve it.
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September 01, 2018, 11:36:19 PM
 #449

This is business, and since that bitcoin was being categorized in it, obviously there is risk involvement. Once you are investing your money on it you are risking your capital which you believed you will gain more about it due to the trust you have in the business,isn't right? Especiall, in bitcoin if you buy of course your going to hold it in a long term for believing that it will goes up in the near future, even your risking your investment for it in the time which you are not sure about it but because of trust your still doing it.

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September 01, 2018, 11:45:38 PM
 #450

Yes if you want to do a successful business then you must have to take this risk and for me the best idea is to participate in this currency and many other altcoins are coming in the world which is also a good way to be in the crypto market.

Yes. Indeed. If you want to succed then you might took all the risk, its either you will learn from it or gain from it. Life is a matter of choice and opportunities. Nowadays, opportunities is there but you always afraid you take it because you think what might me the risk of those opportunities. In crypto market you need to take or hold for a moment to have a better earning because the prices of cryptocurrency is so unpredictable and you need to take a risk to wait before you gain to have a profit.

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September 02, 2018, 12:15:02 AM
 #451

I can say that when you invest in bitcoin you're money in on risk already, Just like any other investment instrument there are no assurance that you will have a fortune or even a profit when you invest in it. The market is so volatile that you can see price manipulation of big players in the market. And also bitcoin is not regulated by any government entity so we can say that bitcoin is not legitimate yet and there's no law that can protect you from fraud and any illegal activity regarding bitcoin. So there's so much risk regarding bitcoin, but I can say that Im a believer of bitcoin and risk is essential  Wink

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adpinbr
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September 02, 2018, 12:51:40 AM
 #452

engaging in bitcoin is both a honor and a responsibility.  engaging in bitcoin will somehow guide you on what businesses are like but the cons about it is that your family starts to depend on you. When I was still a student I support myself and at the same time I also support my family. it is actually burdensome but I manage to stabilize myself and be where I am right now. The stress of being independent is now gone.














 

 

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nokat
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September 02, 2018, 06:12:11 AM
 #453

Being in cryptocurrency is more or less like taking some risks. You got to be a risk taker aside everything and engage in activities with investments. You have to bear in mind that you can lose or gain in cryptocurrency.

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September 02, 2018, 09:02:19 AM
 #454

Being in cryptocurrency is more or less like taking some risks. You got to be a risk taker aside everything and engage in activities with investments. You have to bear in mind that you can lose or gain in cryptocurrency.
this applies to investors. indeed we must take risks to create a better life. however i offer to participate in the campaign and in the future we can invest from the rewards obtained

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September 02, 2018, 11:40:15 AM
 #455

Yes upto to some extent but it is moslty  for investors.In all investment risk is very common.You can either get profit or loss.Anything can happen.So every investor should be a risk taker.For others,wallet key is very important.Lossing it is a major risk.We should be aware that some intruder or hacker can hack out wallet key and misuse it which is one of the major risk.So yes  engaging in BTC is  a risk upto some extent.

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September 02, 2018, 12:07:34 PM
 #456

Each venture needs to take a risk.If your outlook is that on the off chance that you joined bitcoin to wind up rich then simply quit in light of the fact that it isn't so much that simple to do.Success originated from hardwork and theres no effective agent that doesnt take a risk.So everything need to go for broke to accomplished all you wanted and to be fruitful.
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September 02, 2018, 02:45:34 PM
 #457

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?
Of course it does knowing that you are gambling the money you are investing on something that has no assurance yet. Although that's the situation, you should not be afraid to take the risks knowing that after conquering it, great rewards are waiting that is beyond your imagination. It is natural to have risks in bitcoin and you should learn how to evade or reduce it.

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September 02, 2018, 03:25:43 PM
 #458

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?
Of course it does knowing that you are gambling the money you are investing on something that has no assurance yet. Although that's the situation, you should not be afraid to take the risks knowing that after conquering it, great rewards are waiting that is beyond your imagination. It is natural to have risks in bitcoin and you should learn how to evade or reduce it.
No I do not think that engaging with bitcoins is risky.It is only that bitcoin is volatile and its price depends on the forces of demand and supply.Bitcoin is a money making machine and we should definitely take advantage of it.It is the best option for investment purposes in today's date as the price is rising and the users are getting good profits returns.Bitcoin is like an extra income or pocket money.If someone has bitcoin then that person can live independently as it is very expensive.
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September 05, 2018, 08:58:07 AM
 #459

Engaging in bitcoin  is at high risk , bitcoin is the highest risk i ever take in my life i put all my salary on it still hoping to make profit

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September 05, 2018, 09:37:03 AM
 #460

the biggest risk is the crypto world does not have a level of security that can be accounted for by regulations and even law, it is very risky because all responsibility is charged only to personal management, price fluctuations are not very important because all stock businesses also apply the same, but bitcoin naturally likes to give surprise and that's the sweetest risk I know.
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