Is Bitcoin such a big risk?

[FlightyPouch]

Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

I'd rather risk my money in bitcoin and other crypto currencies rather than saving them in a bank's saving account. They gave small profit through time while bitcoin may be risky, at least it could give results or even profits in a short period of time. Other crypto currencies might even double that amount in a short period of time.

[Eugenar]

Any form of investment will also generate risk, and that's the fact. Ofcourse putting your fiat on hold will not create risk but will also not generate profit to put it simple. In the first place, it depends to the individual whether to engage in an investment or not. Bitcoin and other cryptos are having volatile market value compared to the majority of the stock market investment. But observe how popular cryptos are whenever there is an upward movement regarding their market value. The logic behind here is that, putting your money in Bitcoin will surely be risky but the higher the risk, the higher the chance to earn profit. But this is not applicable to all of the situations.

[Hypnosis00]

You definitely not find any investment that has no risk. We may think that Bitcoin is of high risk and we can't deny it but you should wonder why there are a lot of people investing Bitcoin? Because they know and find out that Bitcoin is profitable behind that risk and people had tried to keep positive in front of this challenge.

Higher risk=big profit.

[Sebas.tian]

Anything related to currency certainly has risks, buying bitcoin with money can certainly risk losing value if the price drops, but I have other experiences in my country that there have been cases where people save their big money in a private bank then the bank goes bankrupt, Currently the fate of customers is frustrated to hear that, so actually everything is full of risk depending on how that person keeps their money, I prefer to put my money in crypto

Not only in currency but life in general. Bitcoin as a digital currency has good risk from the beginning which had been managed by users from inception including myself, so, nothing should be new to investors. Fear of losing money is not only associated with Bitcoin but all investment packages, buy Bitcoin for a long-term will surely give some good opportunities of ROI in future. Those who don't take risk in Bitcoin and went ahead with shitcoins always end up regrettably. Bitcoin has minimal risk than shitcoins.

[pawanjain]

It's just a matter of perception of how people think of bitcoin. The main motive of bitcoin was to eliminate the middle man(banks).
The people who believe in it are the ones who do not care about the risk involved in bitcoin and the others who think there is the risk of holding bitcoin are the ones who think fiat money will stay forever but the reality every monetary system changes as a newer and better monetary system is developed.
Bitcoin is next generation money and even if does not evolve to be a mainstream payment system it will pave the way for other cryptocurrencies to evolve into mainstream payment methods. Even then bitcoin will still stay there because nobody owns it. It's gonna stay forever on the internet.

[MCobian]

Since Bitcoin reached its all time high in 2017 and experienced a dump in 2018, this proves that investing in Bitcoin has risks
which is very high. Therefore, always invest money that we can afford to lose, so that when we experience losses it is easier
to get up. And invest in Bitcoin gradually, so when the price goes down you can buy Bitcoin at a low price.

[Cryptocurrency Hunter]

Bitcoin started to rise as the gap between circulating supply and max supply decreased, and I'm sure Bitcoin will double itself once this difference ends. I also think it could possibly reach a great value, so I don't think Bitcoin poses any danger.

[noorammak]

I think bitcoin should be an investment and should be kept long term. Cash is full of power because payment systems accept cash. If anyone thinks that keeping your money in bitcoin is wrong because if bitcoin falls in price it is catastrophic. We do not know when they will go down in price, so we should not keep the majority of the cash in bitcoin.

[SomeJasonGuy]

it all boils down to perspective. A newbie may see it as a risk but a person who's been in the space for a few years wouldn't view it the same way. Even the newbie will see it as less risky after few years. But what if his wallet gets hacked or he carelessly uses some unsecure software? His funds get stolen and he sees it as a risk.
Age matters too. A person in his 20s would be able to risk it all and lose his lifesaving, but a person in their 40s with a family typically wouldn't even dare.
Even bitcoin's age has a lot to do with it. In its infancy it'd been seen as more of a risk than now 10 years later...
So there are many different ways to look at it. Personally, if you're secure about the way you store your funds and use them, it's not a risk at all.
But being careful is the key.

[pixie85]

Anything related to currency certainly has risks, buying bitcoin with money can certainly risk losing value if the price drops, but I have other experiences in my country that there have been cases where people save their big money in a private bank then the bank goes bankrupt, Currently the fate of customers is frustrated to hear that, so actually everything is full of risk depending on how that person keeps their money, I prefer to put my money in crypto

Anything related to life has risks

There are only bigger and smaller ones but you take a risk in everything you do. As long as the reward grows proportionally to the risk you're fine. The important rule to follow in life is to avoid unnecessary risk. Follow it and you'll be fine most of the time Personally I'm heavily invested in Bitcoin.

[Ronaldcoin2017]

Bitcoin is already been trusted and it is not that risky as we invest or buy new coin. Bitcoin is already proven and tested for a long time,so i think thete is no reason to get worried if we invest into it. I think bitcoin is more better than any other coin that is new in crypto because some of new coins are scam and some re still in stage of developement so i prefer on bitcoin than other coin in thr crypto feild.

[Debonaire217]

Bitcoin is already been trusted and it is not that risky as we invest or buy new coin. Bitcoin is already proven and tested for a long time,so i think thete is no reason to get worried if we invest into it. I think bitcoin is more better than any other coin that is new in crypto because some of new coins are scam and some re still in stage of developement so i prefer on bitcoin than other coin in thr crypto feild.

There are some instances that people call bitcoin as the real crypto, but that doesn't matter, they are all built in the same structure but just in different blockchain and thanks to bitcoin who started all of that. I can say, bitcoin is a big risk if your knowledge about it is low.

The more knowledge you have in bitcoin, the less the risk you could have when you start investing in it. Perhaps, a brief study of its history will really help you to understand it's behavior today even if it seems to be unpredictable. We need to understand the risk in volatility, FOMO and hypes made by some personalities. We should know how to cope up with it basically by being patient enough to wait for profits. I can assure you, even if you buy from ATH, as long as you can resist not to sell it in lower price, you can earn in Bitcoin. What more, if you know when to buy especially at lower price?

[LogitechMouse]

but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

In terms of risk, fiat savings account would be better since it is less risky compare to your money putting in Bitcoin or crypto in general but in the long run putting your money in savings account will not be profitable since it will be eaten by the inflation.

In terms of profit, crypto is better. No further explanation as we know it already unless you are good in trading Forex then you can disagree with me .
For me, holding most of my money and putting it in a savings account would be more risky compare to investing my money into crypto. Inflation is the big problem in fiat currency and we are in a pandemic right now and most of the governments are slowly printing more money to save their economy - more than the required money to print annually.

I know how crypto moves already and volatility isn't a thing for me anymore but for those newbie investor then they may lose their money because of it. Just hold bitcoin .

[ttcsalam]

Risk exists in all cases.There is a language in the language of business.Business is a lot of risk and uncertainty.So profit cannot be expected without risk.
Many people think that Bitcoin is a risk.I don’t think there is any risk here if you can make the right decision at the right time.It is possible to make a profit if you can invest when the market is good.

[imstillthebest]

Risk exists in all cases.There is a language in the language of business.Business is a lot of risk and uncertainty.So profit cannot be expected without risk.

On what business you are dealing with ? Because there are business with zero or less risk only specifically small type of business or business where you already have the resources or the resources are only cheap to acquire .

Many people think that Bitcoin is a risk.I don’t think there is any risk here if you can make the right decision at the right time.It is possible to make a profit if you can invest when the market is good

Bitcoin can be or can't be a business  . You are the one that choose if you want to take risk or not .  There's a risk if you want to make business here on btc but like I said earlier , that risk aren't always big but we can adjust it .

[achach]

Our whole life is a risk. Bitcoin is only a small part of it.

[Kez1817]

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

For me it is always riskier to place money in bitcoin and other cryptocurrency because there is a possibility that they will lost their money. But I also believe smart people will take the risk in investing in crypto specially this time of covid crisis because it will give them more profit rather than holding their funds in a bank and let the third party keep it just to insure that they will not lose their money.

[ufaiz50]

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

Investing and saving are very different, if you look at the lowest risk side then the best option is to save fiat but the value of your money will decrease as inflation increases in your country. Indeed, for some people, investing in bitcoin only uses what you can afford to lose, that's fine considering crypto investing is full of fluctuations so if you are not concerned in the crypto industry then you will quickly lose your money. But in a cryptocurrency or bitcoin investment that has a big risk, there must be a big profit hiding behind it.

[kevinzxz]

Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.

I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?

So curious to see the response especially today when we live in times of crisis.

of course I think it is more risky to invest in Bitcoin than fiat, because Bitcoin is not legal and cannot be used as a transaction in countries, whereas fiat is a legal currency and has been recognized by all countries, but if you want to invest and get a big profit, then I suggest you better to save your money in Bitcoin, because the price of Bitcoin can increase very high even though the risk is also big (the price of Bitcoin can go down very far), so if you really want to invest in Bitcoin, then you must be prepared for a very big risk, because every investment that provides a very big profit must have a very big risk too.

[bitzizzix]

Bitcoin is a huge potential that is very exciting in changing the world, but you also have to understand the risks that will be faced and most importantly, do some learning first and understand very well how bitcoin works and the risks.
Be aware that investing anywhere carries different risks, and the value of Bitcoin is determined by the number of people or businesses accepting bitcoin and if bitcoin grows this will be good for Bitcoin, but if fewer people use bitcoin it will negatively impact bitcoin price and users. .
and there are many other things that need to be known the risks and it must be remembered that bitcoin is very volatile, where the price can change significantly from time to time.