Is Bitcoin such a big risk?

[Slow death]

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

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

go back in the past to December 16th when the price reached $19000 and ask:

Are the people who bought $19000 happy at the moment? I think they are not happy and it will be 3 years old that they are suffering big losses

What if those people who bought us $19,000 had held them in a fiat savings account? would not have big damage

we have to be able to say that this is really a very risky market so one must know that one can lose a lot of money

[roadrunnerjaiv2025]

It is risky, no doubt about that, and it's easy to understand why. Apart from the fact that bitcoin is still in its experimental stage with an unstable value, it's facing a great deal of resistance from governments, and even from business magnates like Warren Buffett. Despite the effectiveness of the blockchain technology in thwarting potential breach or cheats in the system, there's no telling how long it can hold up to technological advances. There's also the fact that bitcoin does not provide any consumer protection due to the lack of an intermediary guarantor.

Then again, I believe fiat currency started out this way, too, and I bet there were even far greater risks when it was introduced--but our ancestors took the risk anyway since it's more convenient than the barter system. All risk management or protective tools were eventually developed after. This era of risks is a stage bitcoin has to go through before it can reach full adoption. The success of bitcoin, therefore, depends on how many are willing to take the risk.  

[lienfaye]

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

Placing your money in bitcoin is riskier because the value is not stable. We can earn if the price soar high but that is not the case often. Just like those who bought bitcoin at peak price then the value dropped suddenly, thats the risk we have to take when investing. Actually not only in crypto but in other type of investment as well. Unlike if you save your money in fiat, you can keep it yourself or deposit it to bank, it has less risk if we're going to compare it on crypto.

[Darker45]

Well, you've been here for quite a while. It's actually not just a bias. It is based on hard numbers, that the prices of cryptocurrencies will rise and fall unpredictably. As a matter of fact, majority of them are now 6 feet below the ground.

In terms of risk, at least with Bitcoin, while it may fall, the overall outlook is still positive. Especially at this particular stage when Bitcoin is still starting to become mainstream, the potential for value increase is very high. With fiat, there is no other way but down. That's part of its design.

However, in terms of safekeeping, the risk is in Bitcoin's side. You have fiat, you keep in a reputable bank, you can have a good night's sleep. You have Bitcoin, you keep it somewhere, the risk is not gone, it's just lurking around the corner.

[kotajikikox]

If you aware of market condition what should be next happen then it will be not be risky but you don't know any techical Analysis then you do trade on btc it Will be very risky..

That's why never treat this market as bread and Butter in early stage instead treat this as a New knowledge provider and a source of income if you passed the needed to learn and progress.

I will never tell people to Just Buy unless they are willing to wait and risk.thats what people must know first before entering this market.

[Finestream]

It is, if not, then people would be investing here easily.

Currently, crypto is still considered as a high risk investment, that's because the market is still young, not matured enough that can easily get manipulated due to lack of regulation. It's high volatility is the living evidence that would say it's a high risk market as anyone could lose their money in an instant.
For now, consider bitcoin as gambling because investors who take the risk here knows how to gamble in real life.

Actually don't focus on long term investment only, how about trading for short term, or be a day trader, I guess it gives more opportunity for you to minimize the risk, just follow the trend, and you'll be able to do the right timing to accumulate and sell.

[Warkop]

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.

I think investing in Bitcoin is very risky, because if you are a beginner or don't have good knowledge of crypto you will definitely lose your investment, not only that you also have to hold the keys well and store them in a trusted wallet like Blockchain so I am sure if you are have used strong security and everything will be fine.

As for fiat savings, in my opinion it is also very risky if you don't save the secret code properly you will definitely lose your fiat, but most people who use fiat deposits always experience fraud like people who contact us via cellphones to tell us that we will get prizes and must do something or maybe someone sends a link so we click the link and so on, so I think both of them are risky if we are not good at maintaining the security of the code or key that we have.

[cryptoaddictchie]

Everything is such a big risk. I believe many user here already planted on their mind that bitcoin is a highly risk investment. Anytime it can crash in an instant and can make you rich too. I dont know why some thinks that bitcoin is a safe investment. Yes comparing to a lot of shitcoin and altcoin this one is a 50% chance not to fall down. But thats how you invest, you risk for something to achieved. No guts no glory.

I will never tell people to Just Buy unless they are willing to wait and risk.thats what people must know first before entering this market.

Thats right. Dont encourage people to buy if their hearts are not ready foe anything that they could fall for. Cryptocurrency investment is a speculative commodity and considering its volatility it is really a dangerous game for inexperience one.

[yhiaali3]

For me personally, I trust Bitcoin, and I do not find there is any risk in holding my money in Bitcoin for the future, Bitcoin always proven that it can be trusted, it is true that it has suffered many crises throughout its history, but it always succeeded in getting rid of all problems and returned stronger than it was before.
Also, the recent crisis that occurred due to the Corona virus and caused economic disasters in many countries of the world and affected Bitcoin as well, but it has finally succeeded in overcoming this crisis and therefore many people have confidence in Bitcoin. and more than that, many of them have transferred their money to Bitcoin.

[Leviathan.007]

Since the market is still way too young there are not too much capital on in comparing to the other similar markets, Bitcoin can be a risk but if you manage to buy bitcoins at lower prices you won't have problem with the huge movements. However, comparing to the all other crypto projects bitcoin is the best and safest thing you can find.

[Darkelf11]

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

Bitcoin is already a high-risk investment and placing your money in a savings account is okay yet not the best option you've got.

Do you know how banks earn their money? They collect the money lent by their depositors and use it for loans. The amount or the interest that they give to their depositors is only a dot of their earnings. Depositors make big banks and big banks make a lot of money.

What the bank does is also a risk and it isn't unfair for us because we trust them for our money, but don't you think that it is better if you will be your own bank? Take some risk in bitcoin (only the amount that you are afford to lose) and if it succeed then you have all your earnings.

[bayu7adi]

Every investment, be it fiat, bitcoin, gold, stocks, property, whatever, comes with different risk profiles. The whole point of diversification is to balance your risk. Putting everything in fiat, or everything in crypto, is stupid.

"Dont put all your eggs, in one basket"

totally agree with this, the size of the risk is relative. To find out the risks of buying a digital asset, you need to make comparisons with other assets, because each point of view has different business models and needs. The risk of holding bitcoin compared to shitcoin, the answer is very clear that shitcoin has a greater risk. And holding bitcoin compared to gold, obviously gold is more stable, so "Dont put all your eggs, in one basket"

[plr]

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.

There's really no safe investment, all investment have their own risk that is why experts will always advice you to always invest what you can afford to lose and always know your investment risk level, there is also risk involved investing in Bitcoin and altcoins but compared to other investment market, Bitcoin market has proven itself that it has lower risk  than all the other markets.

[20kevin20]

Since the market is still way too young there are not too much capital on in comparing to the other similar markets, Bitcoin can be a risk but if you manage to buy bitcoins at lower prices you won't have problem with the huge movements. However, comparing to the all other crypto projects bitcoin is the best and safest thing you can find.

Purchasing at lower levels doesn't eliminate the risk. It doesn't even lower it. Do you think that a large drop necessarily means it'll get back to today's level? It doesn't. In fact, it could simply go even lower at any point. Best thing you can do is just accept the fact that you might have the same amount of money tomorrow or.. just be richer or poorer. There's no way to create a perfect balance and have only positive outcomes.

[Snigdho07]

In my opinion bitcoin is slightly risky but not too much risky because I think bitcoin is now more stable than before and it has a very little chance to below down 4000$. Though expecting cryptocurrency is tough,I think bitcoin will not dump too much.

[cheezcarls]

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.

The real question (especially for the newbies and beginners) is on how much money can they afford to risk and lose? As for me, I can say that Bitcoin is a big risk or not.

It really depends on how you are emotionally or mentally ready in case something happens to the price of Bitcoin. For now, I think BTC is treading water and may call $11k as support level.

As for me in putting my money on BTC, ETH, etc., during the crisis, I am emotionally and mentally ready. It’s because no matter when BTC goes down again, I always believe it would go back again.

[Latviand]

In cryptocurrency and when we talk about investment, there is always risks.

But if you are not that knowledgeable about investments and how to control your assets then it will surely make you lose it.

Never waste an opportunity to invest in bitcoin and learn more about it. You can make cryptocurrency investments very worth it and profitable for you if you will spend time for it. Most of the things in life are risky, that's why you need to deal with it if you are courageous to grab the opportunity without hesitations. By that, in terms of investments, you will probably succeed.

[$anounimus$]

My opinion. If someone has a mentality like a businessman or an ordinary person with a record he understands and can evaluate the costs and risks of investing in BTC if it happens at any time but if they don't understand about it, the decision is up to them to choose to invest their money in a fiat savings account.

[yayayo]

Of course it's riskier to place your money in Bitcoin rather than in fiat the cryptocurrency including Bitcoin is decentralized
and you can see the volatility of the price of the Bitcoin and others than fiat there is so much difference.

ya.ya.yo!

[ethereumhunter]

My opinion. If someone has a mentality like a businessman or an ordinary person with a record he understands and can evaluate the costs and risks of investing in BTC if it happens at any time but if they don't understand about it, the decision is up to them to choose to invest their money in a fiat savings account.

Unfortunately, not many people have a mentality like a businessman because many of us don't know about the risk of investing in bitcoin. We can say that we can handle the situation, but the truth is we can be panic anytime we see the price is going down. It happens to many people, and they still invest their money in bitcoin because they have a  hope that in someday, they will make a big profit from bitcoin.