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Author Topic: Does engaging with bitcoins put you at risk?  (Read 6769 times)
dublados
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July 29, 2018, 03:01:55 PM
 #181

Bitcoin has dangers to it yet not everything identified with it incorporates chance. Dealers that utilizations installment processors like Bitpay is one illustration that doesn't endure any dangers in tolerating Bitcoin. Managing Bitcoin as a cash or venture puts you in an unsafe circumstance on the grounds that the cost moves each moment you don't know whether it'll expand/diminish its esteem the following day. The individuals who are new generally say that it's terrible for Bitcoin yet for others, it can be something worth being thankful for.
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July 29, 2018, 03:02:44 PM
 #182

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?

I think risks will always be involve, in any form of business, investment and endeavors. Risk is a always a possible hindrance and factor.
Even with the awareness of risks, people would still go for it. There are a lot of factors that drives people to try harder and persevere.
Crypto and bitcoins is always shrouded with risks, but it also has great rewards. At this point it's a matter of choice, strategy and a lot of patience.
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July 29, 2018, 05:20:55 PM
 #183

$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.
That is why we can say that bitcoin is not a Ponzi, if it was then bitcoin should have shutdown already and the fact that it has not and it has lasted for so much time it is proof that bitcoin is not a ponzi, if what you said was correct then Google and several other stocks will need to be considered ponzi schemes as well and no one in his right mind would think that.

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July 29, 2018, 05:40:26 PM
 #184

How about we confront and acknowledge the truth: each speculation has a risk. We must be rationally arranged before contributing and we must be prepared to acknowledge the outcome in our speculation on the off chance that it would be effective or maybe not. While taking the risk is worth in bitcoin; dependably risk is all around. Bitcoin has a brighter future, so continue holding your bitcoin or purchase more bitcoin utilizing this present circumstance. As per value development we can make our benefit. For this we require persistence as it were. Once the market recuperate and great sign begins, your risks will have more advantages.
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July 29, 2018, 06:08:14 PM
 #185

Every investment needs to take a risk.If your mindset is that if you joined bitcoin to become rich then just quit because its not that easy to do.Success came from hardwork and theres no successful businessman that doesnt take a risk.So everything need to take risk to achieved all you desired and to be successful.
but is not the risk can be minimized?
we just need to find ways how to minimize the risk, the point is not too greedy if you do not want to lose.
take reasonable advantage only. but does not mean we should not take much advantage here. be a smart investor.
Have a nice day  Wink
krishnaverma
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July 29, 2018, 06:36:11 PM
 #186

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?

At first, I thought you meant some threat to life because of holding money in form of bitcoin. If we compare on that front though with things like gold, you can keep money as bitcoins more safely.

Now coming back to the risk of loosing money with bitcoin investment, it is a big risk for sure. But you know that from the beginning ad thus you have to invest accordingly. You can take some measures to reduce the risk as well like investing for an year or more.
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July 29, 2018, 08:03:49 PM
 #187

All types of investment are risky, everything could happen, 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.
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July 29, 2018, 10:11:06 PM
 #188

Dealing with bitcoin in my country is not a risky process but turning the cryptocurrency into fiat can cause big problems in terms of taxes in the future. Because there is no legal regulation yet.
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July 29, 2018, 10:31:29 PM
 #189

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, of course risky, but I'm not worried, with the risk of coming blocking, because all of it will be missed just like that if we can run it patiently and correctly. Because whatever we do basically has its own risks, even if you don't do anything risk it will surely lurk you.
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July 29, 2018, 11:01:47 PM
 #190

Actually we see that every investment has its own level of risk, bitcoin is also an asset and can be considered as the other investment as well which is not different from any investment when it comes to risk, but you don`t need to be rich before you invest because there are so many individuals which have gained so much with only a small investment.
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July 29, 2018, 11:42:39 PM
 #191

There's certain amount of risk but we still can not know how big that risk can be. You find a job, something that people do for years, decades, centuries. That way you get money so you can live. But there's still risk of getting fired, but it's a different level of risk on getting fired and risk of doing bad of engagement in Bitcoin. It's much safer with regular job.
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July 30, 2018, 01:41:57 AM
 #192

Yes ,engaging with bitcoin put me at risk , this is because cryptocurrency investment is a risk ,for it involve money and transacted digitally in the internet, one of this risk is the hackers ,another are yhe scammers , but it can be minimized the risk in bitcoin investment ,simply by taking and managing your investment well with extra careful and safety, so digital transaction can not all be trusted .
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July 30, 2018, 03:37:01 AM
 #193

Dealing with bitcoin in my country is not a risky process but turning the cryptocurrency into fiat can cause big problems in terms of taxes in the future. Because there is no legal regulation yet.

Yes as the government especially banks putting their eyes to those who can't support where their money came from. And banks have little knowledge of crypto currency that's why they didn't honor it as source of income.

Of course risk is everywhere in cryptos, so if you don't have the balls to carry all these then you should be thinking right now.

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July 30, 2018, 03:48:04 AM
 #194

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?

If you are scamming other people just to get some coins then it would be risky for you and for your family if people find out who you are because they will most likely make you pay for the coins you got from them. If you are earning it in legal means then it would be less risky for you and the risk involved would be that the price would go lower than the time you have acquired it which is a loss for you or you being scammed or hacked because you would lose your coins.

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traderethereum
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July 30, 2018, 08:08:20 AM
 #195

Dealing with bitcoin in my country is not a risky process but turning the cryptocurrency into fiat can cause big problems in terms of taxes in the future. Because there is no legal regulation yet.

don't worry, the government will not apply the taxes for bitcoin user for this year and maybe they don't apply the taxes in the next year because it still needs a time before the government can apply the taxes. I think it's not a risk because I think it's normal if the government wants to use the taxes for bitcoin user because I am sure that the government wants to get more money from another income. and if they can get more money, I think that money can be used for the country too to grows the economy.

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July 30, 2018, 08:45:27 AM
 #196

Dealing with bitcoin in my country is not a risky process but turning the cryptocurrency into fiat can cause big problems in terms of taxes in the future. Because there is no legal regulation yet.

don't worry, the government will not apply the taxes for bitcoin user for this year and maybe they don't apply the taxes in the next year because it still needs a time before the government can apply the taxes. I think it's not a risk because I think it's normal if the government wants to use the taxes for bitcoin user because I am sure that the government wants to get more money from another income. and if they can get more money, I think that money can be used for the country too to grows the economy.

If you are an investor you're always at risk even not in bitcoin. Risk is part of the sucess of the investment, to achieve your goal in life. If you afraid of risk you are not totally an investor.
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July 30, 2018, 08:52:38 AM
 #197

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?
Once you're In the world of cryptocurrency you were already engaged In risk Investment, even In a stock exchange still has a risk, but more risky here In bitcoin. Its more risky here because of the votality of bitcoin, we might predict when Its going to fall or Increase value.
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July 30, 2018, 08:57:11 AM
 #198

Dealing with bitcoin in my country is not a risky process but turning the cryptocurrency into fiat can cause big problems in terms of taxes in the future. Because there is no legal regulation yet.
That used to happen in my country too, when bitcoin is still something strange and mysterious to most of our people and the government so there has not been any regulations for bitcoin. But when you suddenly had such huge amount of income, they would suspect you and try to get more money away from you. Ever since bitcoin became so popular last year, they started to pay more attention to bitcoin and began to realise what it could do to their bank systems. They have not given any laws or imposed any taxes on bitcoin but they keep saying that they will do so and also spread fake news about bitcoin to scare people away. I could say that it is complicated here in my place.

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July 30, 2018, 09:06:07 AM
 #199

The risk is a necessity in the field of crypto-currency, and here no one is insured, and you choose to take risks or not!
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July 30, 2018, 09:16:56 AM
 #200

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?
You can see that at this time involved in very high risk trading, although bitcoin prices in the past few days are steadily rising and are in uptrend in the short term, but long-term bitcoin prices are still in the sidelines. Period decreased. And altcoin is still very strong and has no signs of recovery, so at this point I believe you should limit the transaction, always have a clear plan before the transaction to be minimized risk.
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