Does engaging with bitcoins put you at risk?

[acroman08]

Yes and no, I mean It's different in every country since some countries prohibit the use of bitcoin and any kind of cryptocurrency. in case of legalities In countries were bitcoin is widely accepted and the government in open about it I think you don't have to worry about risking your reputation unless are using it in illegal manner. countries who accept bitcoin usually have regulation to prevent these kind of illegal transactions. and for bitcoin's price volatility most people who use bitcoin knows the risk on investing in bitcoin and are prepared for it like most investor in every type of market.

[Dontme]

Ofcourse, bitcoin is a business and any business you engage or put your money in is risky. If you wan`t to earn money or profit in bitcoin or any businesses there is always risk.

[jhonjhon]

Risk can be present at any investment and bitcoin isn’t an exception. Bitcoin can be very risky if you are not good at handling it but it could also give you big profits if your able to do it properly. Also bitcoin is a very strong coin and had survived for years already which mean you can never go wrong with bitcoin and it is worth the risk.

[khimer_rangers]

of course you have a risk, when you invest in bitcoin you are followed by risks and benefits,if your country prohibits the use or sale of bitcoins and you are still using bitcoin then you are at risk, but I think every country has different rules.

[jak3]

of course, there is always some risk in everything but it usually comes down to how you see it. for example, if you go out alone out of your house then your life is at danger but still you go out every day and enjoy and like that we know governments and banks have no control over it but they are surely going to stop you from using this digital coin as they want their money flow going. they can even sacrifice your life for their profit you are nothing but a money cow for them.

[hahay]

In any case in this world what we do will have a risk on the side and what should be considered for us is about how to minimize the risk, if we can reduce the risk then whatever we do at least has good potential to get a success. So, make a way or a strategy in every activity that we do so that we do not fully continue to worry about the risk of loss.

[D3m1r4wanti]

My involvement in Bitcoin certainly has a huge risk, but I am ready with it all, I am ready with all the risks that I will face when I decide to join the crypto world, especially bitcoin.

[BLAST2MARS]

Only on the financial aspect and nothing more. As of now, it is true that bitcoin is not fully utilized as a mode of payment everywhere and only in several physical and online stores but if you concentrate on the technology's potential, you'll only imagine its limitless possibility and not just as a gambling risk. I considerd altcoins as a gambling risk than bitcoin.
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[mbluxs]

My involvement in Bitcoin certainly has a huge risk, but I am ready with it all, I am ready with all the risks that I will face when I decide to join the crypto world, especially bitcoin.

to plunge into the world of bitcoin, we should be brave enough to take any risks that will occur in the future. because the world of bitcoin is very difficult for us to guess. so of course we must dare to bear all the risks, because we also have chosen all of this.

[Godday]

there always risk for gaining something , i think that usual thing should we know before we really join this crypto world

not only investment with a crypto currency that is at risk but all investments must be at risk and for me with a big risk we will get a big profit too

[galundan9]

if you have been involved long enough, then risk management will be protected by many factors indirectly.

At first, this creates an effect that is not easy, but we will get a considerable experience to be applied afterwards, especially in overcoming market conditions and also explaining it to others. the use of bitcoin will be extraordinary because this technology will restructure many systems every year.

[7788bitcoin]

I don't think so if you meant by risking your reputation. As long as you didn't used btc in any illegal transaction or operation then you don't have to worry, you can used btc freely. If you are mentioning about the risk that btc has, then that's the one you should learn on how to handle in order to become successful.

I think he is talking about the financial risk involved in a volatile asset like bitcoin and not about illegal transactions, every financial investment has its risk but if you are wise enough to invest when the market is on a correction phase then you will end up in a profit, majority of the people who ended up in a loss are the ones who tried to invest when the market started its rally and they either invested when the market is at an all time high valuation and never sold at the top when the market started correcting and then they usually sell at a loss. If you do the basics right then you will not end up in a loss and thereby reducing the risk.

[Nhebu]

So far, Bitcoin is the most successful cryptocurrency today. But it is unavoidable to have obstacles there are possible risks also in engaging BTC. We're aware that the price of btc is constantly changing. With such an unpredictable market, there’s no telling if you will get a return on your investment. To avoid a massive loss, keep a vigilant eye on the market. Make small investments; they’ll be more beneficial long-term. With this, risk will be lessen if you are open for this fact.

[DreamStage]

if you have been involved long enough, then risk management will be protected by many factors indirectly.

At first, this creates an effect that is not easy, but we will get a considerable experience to be applied afterwards, especially in overcoming market conditions and also explaining it to others. the use of bitcoin will be extraordinary because this technology will restructure many systems every year.

If you mention those factors as winning profit along time and cashflows in a positive way then for sure it will be protected.
At start any kind of new investors, user or gambler will feel the need to profit without losing much else why would you risk it? Unless you want to just try a piece of the cake.

In the end it's all about user experience in certain situations where the risk will make him a better crypto user in the future where he will learn from his mistakes.

[princeyeboah]

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.

[bitzizzix]

Of course there will be risks if we are involved with bitcoin because it is related to investment, but it all depends on the personal situation that uses it.
if it is too focused on bitcoin or only depends on revenue from bitcoin, there is always the possibility of the risk, and I am personally an active bitcoin user but I am not dependent on bitcoin because I have a permanent job or regular income, so I make long-term investments and avoid it from fear , worry, and far from risk because I will hold it as long as it is not profitable and make bitcoin a promising additional income even though it takes a long time.

[Noilee]

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.

[Cherylstar86]

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.

  Acknowledging bitcoin as part of our individual life, we are aware about its method and consequence on how to prevail its uses. Somehow, taking risk is the most important aspect to engage on creating liable deliberation on every conclusion.

[raidarksword]

If money involved in investments are already risked from the start and to bitcoin is no exceptions since it has volatility effects that could affect prices in the future, so no guarantees that you will profit. Being said than that bitcoin always proved from time to time that all the aspects that others didn't believe are aren't true, in fact bitcoin is going strong and reached a new ATH of this year reaching $ 9000. Engaging on bitcoin is worth it in my opinion.

[jakoylantern]

For me, it depends on what you will engage about bitcoin, its either gambling or mining, because for me that two methods are very risky because on gambling your dealing with your skill and luck, but if you not lucky and become addicted to spending your money or bitcoin it’s a massive loss for you. But if you will try mining, it will depend on the rigs that you set up, and rely on the internet, electric bill and especially at the price rate on the bitcoin. I term on investing in bitcoin or money related, it has a risk, and the risk is depending on how much you spend, but if you can afford to lose that kind of money it's okay right, but if you can’t afford to lose it’s a genuinely risky move.