The Risks and Rewards of Cryptocurrencies

[AjithBtc]

I think its not about risks or rewards but more about the future of our humanity.

I know some people in crypto only got into this because they want to make money but there are a lot of people like me who got in because they want to change the worlds financial system.

Sorry for the interruption. When you say you have come into cryptocurrency not for earning and to make a change you should've done it without carrying a signature. Being a participant of the campaign don't put forward such statements.

I want to see bitcoin accepted everywhere, I want bitcoin to be A LOT faster and cheaper (like eth or nano) and I want dollars/euroes/yuans to not be important in global economy anymore.

I want to buy bitcoins in my own country and go visit any country I want and spend it there like it is something normal without changing my fiat to their fiat in order to visit. Basically ideologically there are people who support the notion that economy is under control of the wealthy and we want to disturb it. That is our goal here not a reward.

The change needs to come from you, What initiation you've taken to make use of bitcoin directly without converting it to fiat. Recently one of our forum member started accepting bitcoin on his coffee shop. This is a small incident and this way What we take forward will help in the widening of bitcoin adoption.

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[Findingnemo]

In cryptocurrency, rewards will not be gained if we don't take the risk. No matter how we look at it, every investments are risky and it only take courage to take it for greater rewards. The only difference is in cryptocurrency risk is much higher compared to traditional investment which also has a higher reward.

I don't see any changes on the risk level because on every investments we cannot sure about how much we can be able to make and the same applies to cryptos as well.Only thing is crypto currency can give unrealistic profit level when compare to the traditional investments.

[sana54210]

In cryptocurrency, rewards will not be gained if we don't take the risk. No matter how we look at it, every investments are risky and it only take courage to take it for greater rewards. The only difference is in cryptocurrency risk is much higher compared to traditional investment which also has a higher reward.

Yes the risk is high, but we still have everything to control the risk, that is why when we are dealing with risk in cryptocurrency, we should not deal with it with emotions, but deal with it with the risk tools in the market. One of the risks of bitcoin is emotion, and emotion is actually difficult to control.

It is emotion that makes us to place bad order and then sell order prematurely which will definitely result to lots of money, it is also emotion that leads to greed, when greed sets in, we are always blind to take profit when we are supposed to take profit, and it is also greed that makes us to invest in scam projects that mostly look too good to be true, but to control these things, we have to work with the risk management tools that has been provide for the market through our trading platform.

[Distinctin]

In cryptocurrency, rewards will not be gained if we don't take the risk. No matter how we look at it, every investments are risky and it only take courage to take it for greater rewards. The only difference is in cryptocurrency risk is much higher compared to traditional investment which also has a higher reward.

I don't see any changes on the risk level because on every investments we cannot sure about how much we can be able to make and the same applies to cryptos as well.Only thing is crypto currency can give unrealistic profit level when compare to the traditional investments.

Based on my achievement in crypto, I can say that it's really profitable here.
In traditional business, the risk is lower but sometimes it takes a year or more just to get your ROI, that is provided you are operating with profit.
Crypto is simply not for everyone, particularly those who get used to traditional investment as they can't take a high risk investment, they would prefer a low risk, low profit but steady, here it;s really different.

If only I have a good capital, I may not think of investing here in crypto, what made me invest here is because I want big return with my small amount of money and I'm just lucky I was able to do it at the right timing.

[guoyu78]

It is profitable here because we are the type of people who got in early, people who got in at around 20 thousand dollars is not as lucky as us and they are still waiting for it. I mean even people who got in later might have made some money because we moved beyond 10 thousand dollars many times, the only people who have lost is the people who bought above 10 thousand dollars at any time. But, profits are truly better than any other place because we are volatile and that volatility causes us to have so much more chance to make a profit, it also creates chances to lose as well but if you are lucky enough there is nowhere in the world where you can make as much money as you would normally make in crypto world, here is the real place where you make a ton of money.

[slaman29]

It is profitable here because we are the type of people who got in early, people who got in at around 20 thousand dollars is not as lucky as us and they are still waiting for it. I mean even people who got in later might have made some money because we moved beyond 10 thousand dollars many times, the only people who have lost is the people who bought above 10 thousand dollars at any time. But, profits are truly better than any other place because we are volatile and that volatility causes us to have so much more chance to make a profit, it also creates chances to lose as well but if you are lucky enough there is nowhere in the world where you can make as much money as you would normally make in crypto world, here is the real place where you make a ton of money.

Not really, if you got in late, like early this year, you would have got in at 3k and still today remain at 200% profit. That's a lot of money for a few months. Tell me any other asset class that gives you that much returns. Or even if we take an alt. Got in 2019 and you can get ETH below $100, still almost double the profit now.

It's still a lot of risk, people need to understand this. That's all. And profit is momentary...

[Argoo]

Volatility of the market is talked much as the risk factor of bitcoin, if it was less volatile maybe the risk is low but it won't be that interesting and an effective investment asset.

With cryptocurrency being into risk is upon users self interest, because there is access for risk free earning as well risked earning. Potential investors who doesn't want to take risk just invest and leave it for years to get the good return. With trading the risk is big as the market changes were not that easy predictive.

Cryptocurrency is attractive for investment precisely because of its great volatility. A decentralized cryptocurrency should always be volatile in nature. Where there is a high level of volatility, there will always be a risk of losing your invested money or getting extra profit. Moreover, I do not think that over time the cryptocurrency volatility will decrease. With the increase in the price of cryptocurrency and its liquidity, our coins and tokens will have a great opportunity for the manifestation of volatility due to the high amplitude of price fluctuations. So this activity is not for the faint of heart.

[Nellayar]

Cryptocurrency is more on risk than reward. Yes, I admit that some of us here are lucky enough to have huge reward than they risk specially those who are pioneer and knew a lot in terms of assessing their capital and profits. But most of the time, we are all risking in cryptocurrency. We don't know if we lose or gain in each trade that we execute. And that is the problem of every individual in crypto space.

[Polar91]

Cryptocurrency is more on risk than reward. Yes, I admit that some of us here are lucky enough to have huge reward than they risk specially those who are pioneer and knew a lot in terms of assessing their capital and profits. But most of the time, we are all risking in cryptocurrency. We don't know if we lose or gain in each trade that we execute. And that is the problem of every individual in crypto space.

This is the reason why does learning and knowing things are very important before investing on it. Any investment in this world are risky; it depends on a person on how he's going to handle and manage it. We certainly don't need a lot of experience in order to be successful with our investment journey, instead we need to think the same way as or better than someone who benefits and dominant in this market.

[BUK2016]

I don't think the volatility of bitcoin is something that will stop soon not until there is mass adoption of bitcoin before one can be talking of stable bitcoin market value and possibly less risky for business owner who will now start accepting bitcoin and crypto currency in general as a means of exchange for goods and services.

[fullhdpixel]

It is profitable here because we are the type of people who got in early, people who got in at around 20 thousand dollars is not as lucky as us and they are still waiting for it. I mean even people who got in later might have made some money because we moved beyond 10 thousand dollars many times, the only people who have lost is the people who bought above 10 thousand dollars at any time. But, profits are truly better than any other place because we are volatile and that volatility causes us to have so much more chance to make a profit, it also creates chances to lose as well but if you are lucky enough there is nowhere in the world where you can make as much money as you would normally make in crypto world, here is the real place where you make a ton of money.

I bought above 10K too recently out of fomo, but I still have my gains in the sense that I have some investment that I made when the value was still like $4000 which presently, I am still keeping till bitcoin bull run starts and I see my coin grow from that $4000 to $100,000, this particular investment is tied for a really long time.

I mean till bitcoin fully develops even if it takes 10 years, then I still have another investment I am using for short term which I sold half of it when bitcoin was $13k, I bought that around $3k, but the one I bought around $13k is what I am still presently loosing on, but I know that very soon, there will be a rebound and I will start making profit on that one when the price of bitcoin falls back above $15000 which would have been greater than what I bought.

[freedomgo]

I don't think the volatility of bitcoin is something that will stop soon not until there is mass adoption of bitcoin before one can be talking of stable bitcoin market value and possibly less risky for business owner who will now start accepting bitcoin and crypto currency in general as a means of exchange for goods and services.

There is no sign that it will stop, the market is not so stable, it can easily move with the FUD and FOMO, so unless this will not be eliminate, volatility will remain. For me, we should not worry about that volatility and instead let's accept it as a norms for crypto, there's a solution already for volatility, we have stable coins for that, and if this Libra project will succeed, this would help more as it's more popular.

BTC will continue to serve us, pure users, traders, and investors, because without volatility, it will not be attractive for traders.

[leftgirly]

Volatility has always been with the crypto market. For anyone venturing into cryptocurrencies is very aware of the issues that surrounds  the  fluctuations that comes with one's  holdings. Accessing the benefits and possible risks is an individual process as it depends on various factors. From my observation, it depends on how an individual would invest his/her funds.

[vintages]

Rewards: you may become rich asf
Risks: you may become poor asf

It's not all about gaining money from it.
I know gaining is what most of Bitcoin/all cryptocurrencies investor looks out for when investing in it, but at the end, it's still not about the money.
The risk and gain there should be if world authorities don't make it 'dense' for Bitcoin investors/onwers in the future. At the same time if it will be 'spendable' in the future.

[jostorres]

I don't think the volatility of bitcoin is something that will stop soon not until there is mass adoption of bitcoin before one can be talking of stable bitcoin market value and possibly less risky for business owner who will now start accepting bitcoin and crypto currency in general as a means of exchange for goods and services.

There is no sign that it will stop, the market is not so stable, it can easily move with the FUD and FOMO, so unless this will not be eliminate, volatility will remain. For me, we should not worry about that volatility and instead let's accept it as a norms for crypto, there's a solution already for volatility, we have stable coins for that, and if this Libra project will succeed, this would help more as it's more popular.

BTC will continue to serve us, pure users, traders, and investors, because without volatility, it will not be attractive for traders.

Those trader better get used to not seeing that volatility in future because things will become tighter the moment bitcoin is becoming very scarce and limited, and most people you see will want to just hold their coins and not willing to sell, while we have less mined coin.

Bitcoin has more important role to play on the society than the trading and investment that we have limit it to and when that times coin that bitcoin  will really assume its full payment position, then don’t expect much volatility for trades, because bitcoin will only be used more for payment of good and serves and to trade with it will be difficult because how much will you have to be able to trade 1 btc, and who would want to easily sell to you at the price you are requesting for when miners can no longer help also.

[Finestream]

Volatility has always been with the crypto market. For anyone venturing into cryptocurrencies is very aware of the issues that surrounds  the  fluctuations that comes with one's  holdings. Accessing the benefits and possible risks is an individual process as it depends on various factors. From my observation, it depends on how an individual would invest his/her funds.

Volatility is not a risk for investors and traders, it's been normal to the market to be volatile because of speculation in the future.
The price could move significantly even in a minute, and that has been proven many times, as an investor, you accept its nature and focus on its potential in the future, hold the crypto you invested and wait for the right timing to sell.

People in the past were able to earn a decent profit during last bull run, we could also do the same if we buy now and just hold until the next bull run will come. It's not easy but we are experiencing the same journey in the past where things are still uncertain, but because they hold, they were successful in reaching their goal.

[EdenHazard]

Do you want people to put on headsets and listen to this podcast for 28:33 minutes? why would people do that? I think you should listen to the podcast and then summarize what they said and post in this thread the summary you made

I would love to know your thoughts about where we are going and how you think the landscape will change.

if enter a lot of money in the crypto market, I believe that the volatility will not be very high as it is today, at least we will not see high increases and followed by very large falls

I'm visual guy , if only i have to put headset on my ears i prefer listening to my jazz and blues playlist rather than listening to some random podcast talking about crypto lol.

Don't you know that people at bbc telling a fish story? Especially when it comes to cryptocurrency,  i don't know why they do that. But it seems they realized it's a hot topic these days .. this podcast is beat the air.

[Finestream]

~

Volatility is not a risk for investors and traders, it's been normal to the market to be volatile because of speculation in the future.
The price could move significantly even in a minute, and that has been proven many times, as an investor, you accept its nature and focus on its potential in the future, hold the crypto you invested and wait for the right timing to sell.

People in the past were able to earn a decent profit during last bull run, we could also do the same if we buy now and just hold until the next bull run will come. It's not easy but we are experiencing the same journey in the past where things are still uncertain, but because they hold, they were successful in reaching their goal.

It's been a while since I risked my asset during bearish days of Bitcoin back in the day. I think volatility is the risk itself in cryptocurrency. At the time you buy whatever coins you decided to invest, the volatility will tell the story of how worthy did your purchase of coins become.
Volatility won't be a risk if the price is such in an obvious price range that you would see it as the best time to buy.

Every investors have different views on volatility,but for me, I'll continue to believe that there's nothing I can do with price volatility since that's been normal in the market, without volatility, we won't be able to attract investors, because they would not find that opportunity to buy or sell depending on the timing of the situation.

[Lexurdania]

BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace


https://www.bbc.co.uk/sounds/play/m000676m

Investing in cryptocurrency may have a high risk but on the other hand it is also a potential investment. Technology is definitely inevitable by anyone and cryptocurrency is the fastest and cheapest payment technology to date. But on the other hand there is a negative side to the growth of the cryptocurrency market, which is the increasing number of altcoins that appear without a clear product and this will make investor confidence decrease

[pinkpanther03]

BBC recently did a interview around the volatility of cryptocurrencies. I think we are still so early in this industry but I would love to know your thoughts about where we are going and how you think the landscape will change.

People in the podcast include:

Marc Warne, Founder, Bittylicious
Jemima Kelly, reporter, FT Alphaville
Dave Jevans, CEO, CipherTrace


https://www.bbc.co.uk/sounds/play/m000676m

Don't you know that most of the time because of the volatility, all traders can able to get profit whether small or big.
Because since the market was unpredictable there are times that the market are in bearish or bull run, now either of these two
both can give an opportunity for us to get profit in the future.