Does engaging with bitcoins put you at risk?

[imstillthebest]

For me, it depends on what you will engage about bitcoin

as soon as you buy a bitcoin you are also acquiring the risk of loosing your bitcoins due to price unstableness but there are more activities that can make or break your bitcoins  .

Acknowledging bitcoin as part of our individual life,

no its not . bitcoin is not a part of every persons life . its only up to the person if he will learn on how to use bitcoin in order to make his life more fruitfull . others can still live normally without bitcoins .

engaging with bitcoins puts you at risk but the risk can also turn into a reward .

[syamster]

Bitcoin is definitely a risk. But if you understand this market, you can earn a lot. And fulfill your dreams.

Risk is not bigger than the profit, in bitcoin we get so much profit but risk is only for those who invest only without any knowledge, for wise and knowledgeable people there is no risk. in every business we will have to face this risk, so why not in crypto where we can certainly get huge profit, miner risk taking can make us future good investors.

[uray]

Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.

People who are not aware of the technology behind bitcoin might use it for illegal purposes and every transactions are recorded and cannot be altered and in the next ten years if there were such activities  being carried out by anyone i expect them to be behind bars by that time, even if some fools use bitcoin for nefarious reasons that does not mean that bitcoin is a risk to its users,

[DreamStage]

Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.

It looks like you have no clue about so many risks from Bitcoin at all...

You just said a bunch of them lmao and you said there were no risks? Being illegal is already a risk....

Gambling is risky, exchanging your money with bitcoin is risky if you don't have a clue of what you are doing, if you have no knowledge whatsoever about what a transaction and bitcoin address is.
Trading is risky if you dont know how to do it properly and you lose everything you had.

So you see? There is so much shit involved with Bitcoin being risky....

[shoreno]

Engaging with Bitcoin does not put an individual to risk unless it is illegal in that particular country. Also, another factor may be what the user intends to use the Bitcoin for. Some governments believe that some Bitcoin users use it for money laundering, drug trafficking, terrorism funding etc. These are some of the activities that may put a Bitcoin user at risk if the Bitcoin is engaged in such acts.

It looks like you have no clue about so many risks from Bitcoin at all...

You just said a bunch of them lmao and you said there were no risks? Being illegal is already a risk....

Gambling is risky, exchanging your money with bitcoin is risky if you don't have a clue of what you are doing, if you have no knowledge whatsoever about what a transaction and bitcoin address is.
Trading is risky if you dont know how to do it properly and you lose everything you had.

So you see? There is so much shit involved with Bitcoin being risky....

It looks like you have no clue about what the guy above have said . he didnt say that bitcoin is not risky  . he only said that bitcoin is risky if its illegal in your country and we are only talking about bitcoin here  , we arent talking about gambling and trading  though these things are also risky and can be used along with your bitcoins .

[poldanmig]

Of course when engaging with bitcoin put you at risk because bitcoin is business and if you want to earn from bitcoin then there is always risk. Not only bitcoin but anything that you do to earn profit there is always risk. The higher the risk the greater profit you will earn.

Agree, because how you become success and can earn profit if you not face that some risk and accept it while you are in investment. Even bitcoin is risky, but its sure that it will give you a good profit. We will know already that bitcoin is risky so we already understand if what may comes if we investing in btc.

it's true the problem is that there are many people who have successfully invested in bitcoin even though the risk that will be received is large, but while we can control our emotions when investing, we will definitely get good results from bitcoin, of course

[Sithara007]

Obviously when you deal with a highly volatile asset such as Bitcoin, you need to take care of the risks and deal with them effectively. Bitcoin can go up or down by up to 20% in a single day and as much as 50% in a single week. And unlike the case with equities or bullion, there is no accurate method to predict the future prices. I would not advise anyone to put more than 10% of his savings in to cryptocurrency. And investing at this point of time, when the bull run is at its peak, is even more dangerous.

[romero121]

Without taking risk it isn't possible to get big rewards in a short time period. When there is risk there will be some precautions that need to be taken so to get rid of losing when the risk factor is beyond our predictions. Market being volatile could lead you to any extend of profiting as well losing.

From my experience believing the market started a business with the profiting, but further I spend the profit from the business into cryptocurrency. To my bad luck the market dropped low and by that time I was unable to withdraw to make my business progress. Now once again slowly developing as the funds were getting recovered. Truly speaking it is a gamble where we need to be prepared to select the right odd.

[Vaculin]

You are at risk of losing, no other risk I am seeing since bitcoin is accepted in most countries, unless it's illegal in your country, you are in big risk.
Bitcoin is just a payment system to those who really don't want to invest on it, but since it's in the early development stage, it's just right to take advantage investing on it, however this is a risky investment, therefore always be smart by not risking everything you have.

[OrangeII]

You are at risk of losing, no other risk I am seeing since bitcoin is accepted in most countries, unless it's illegal in your country, you are in big risk.
Bitcoin is just a payment system to those who really don't want to invest on it, but since it's in the early development stage, it's just right to take advantage investing on it, however this is a risky investment, therefore always be smart by not risking everything you have.

I think that depends on the way you use it. when you use bitcoin for investment, of course it will be a risk, because prices are volatile. other than that, I feel that using bitcoin as a means of payment, or anything else won't risk you. this only happens if you see bitcoin as a tool to support the business you are about to do.

[gwdf1]

Bitcoin is definitely a risk. But if you understand this market, you can earn a lot. And fulfill your dreams.

Each investment is a risk, and Bitcoin is risky definitely. Certainly, if you are a wise guy and do not rush selling BTC if you see it is falling, you will not lose. If you are a panic-stricken man, it is better not to start working with Bitcoin.

[Moshaid]

No investment doesn't come with risk, mind you engaging with bitcoin doesn't put one at risk rather an individual puts him or herself in risk the moment such person misplace their private key or allow a third party malware virus on their device which is one of the reason why an hard wallet is required. To add to this, users must be careful whenever it comes to giving out their personal details to any crypto project. Risk is not only in bitcoin but in all sector that he involves investments.

[reality18]

Engaging in Bitcoin poses no risk unless an individual decides to use Bitcoin for illegal practices like terrorism funding, money laundering, drug trafficking etc or using bitcoin in a country in which it is banned. Bitcoin enhances financial transactions.

[Janation]

Engaging in Bitcoin poses no risk unless an individual decides to use Bitcoin for illegal practices like terrorism funding, money laundering, drug trafficking etc or using bitcoin in a country in which it is banned. Bitcoin enhances financial transactions.

There is a risk even using it in legal purposes.

The risk not only circulates when you commit illegal transactions in Bitcoin when you invest in Bitcoin and any other cryptocurrencies, but the risk is also there since it is a  volatile investment. Committing crimes using Bitcoin is also a risk and I think that is the highest risk you can pose using crypto that is why people should be really careful and responsible for how they use their cryptos.

[xSkylarx]

Financially yes because bitcoin's price is very volatile. But when it comes to privacy or security I think it doesn't put me at risk. Bitcoin is not illegal in our country. In fact many merchants here accepts bitcoin and I use it to pay some of our monthly bills.

[brotherwood12]

i dont think engaging to bitcoin put me at some risk , i just enjoy my trip with bitcoin and evaluate whan happens on bitcoin time by time

[Bagaji]

Yes! Dealing with Bitcoin and all its related investment opportunity will put you in risk but I must tell you that the risk is worth taking since the benefit at the end of the day outweigh its consequences at the end of the day.

[jabrix]

Financially yes because bitcoin's price is very volatile. But when it comes to privacy or security I think it doesn't put me at risk. Bitcoin is not illegal in our country. In fact many merchants here accepts bitcoin and I use it to pay some of our monthly bills.

I think any business is at risk, including bitcoin trading. But the risk involved in trading bitcoin is proportional to the profits obtained when the price of bitcoin rises.
I still remember about 3 months ago the price of bitcoin in the range of USD 3,000 to USD 4,000, but today the price of bitcoin has reached USD9,794. This price increase certainly makes many investors who shout happily because they get big profits.

[mbluxs]

Yes! Dealing with Bitcoin and all its related investment opportunity will put you in risk but I must tell you that the risk is worth taking since the benefit at the end of the day outweigh its consequences at the end of the day.

before we dive into the world of bitcoin. of course we also know that bitcoin is quite risky. so before we dive into the world of bitcoin, we certainly must be able to bear whatever risks will occur. so we have to be sure whatever risks we have to be optimistic about going forward.

[CTRLX]

There will be some risks in everything so engaging with bitcoin also might bring some risks. I think it’s best to be aware of the risks and accept them wisely. After that it’s easy to make the best move to handle all kind of risks.