Is Bitcoin such a big risk?

[AjithBtc]

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.

If you have watched investment related ads, you could've noticed the statement. Investments are subject to market risks, same is applicable for cryptocurrency as well. Just because it is risky people aren't investing. No, it is just a realisation and further people invest.

With cryptocurrency the market is highly volatile, and that's why it is suggested to invest/hold what you can afford to loss. If one has invested his entire earning and if it crashes hard when required to cash it out then what he experience is a massive loss. For this reason the risk with cryptocurrency based investment is exaggerated.

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[mandor]

That's an option, if you want to put all your money into Bitcoin that's it doesn't matter as long as Bitcoin is alive and if the world of technology is destroyed then you have to be prepared to lose it all. I personally choose 50% for Bitcoin and 50% for saving it in a savings account. there is nothing that is not risky in the crypto world, if you dare to invest, then you must be willing to accept risks and that's it can't be avoided.

[Astvile]

Seeing how bitcoin performs this past few years I personally think bag holding bitcoin isn't that big of a risk. We always see bitcoin going up almost every year, but still bitcoin is unpredictable but for me it isn't that big of a risk compared in storing it in fiat savings account plus bag holding bitcoin offers more chance of profiting compared to putting in your money onto a bank.

[lenovop-70]

Better to put your money on BTC, it is safe and indestructible, just imagine when you put your money on bank and war everywhere, how can you take your money back, or how if you put your money on safety box and your house on fire ?
BTC is solution for your reason of fear loose your money. And you can get profit from holding BTC, ask google how is shes chart going on year by years, you will smile after.

[Janation]

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?

It is true that it is riskier Bitcoin is volatile.

But you should consider that Bitcoin can give you bigger profits if you know what you are doing. Wait for a certain amount of time can give you a good profit that a fiat can give you in that time span. Bitcoin is also investing, investing comes with a risk and that is the same with every investment including stocks, bonds and trusts. Bitcoin is just so volatile that it can give you a profit in a short period of time.

[Zemomtum]

There is no asset that does not have their risk ratio. Bitcoin has been fair in type of percentage return in comparison to any asset both in digital, stock and forex. In addition, it brought a revolution that will remain in ages and give us a balance to be our own bank -> take responsibility and be in charge of your financial transactions.

[Restmand]

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.

Invest here in cryptocurrency is very risky because we do not know the moves of the project and so with bitcoin a very risky investment to involve with this  that gives highest earnings when the price increased and that you have bought it at very low price. But when invest in the higher price and the price goes down it gives bad earnings in this case we need to invest only the money we can afford to lose.

[3meek]

Better to put your money on BTC, it is safe and indestructible, just imagine when you put your money on bank and war everywhere, how can you take your money back, or how if you put your money on safety box and your house on fire ?
BTC is solution for your reason of fear loose your money. And you can get profit from holding BTC, ask google how is shes chart going on year by years, you will smile after.

I am certainly a supporter of cryptocurrency and bitcoin! But try to tell about successful investments in bitcoin to those people who bought it a couple of years ago at the price of 18-20K...

[gorge441]

Probably not. I guess it will clear within 2-3 years, or soon.

[Oppo57]

Cryptocurrency has some risk potential in all trades that are risky. I think you have very little chance of losing money if you keep Bitcoin money but you have to be careful when it comes to investing in business. So I would say you can invest in Bitcoin with confidence.

[(o)(o)ilikeboobs(o)(o)]

I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.

[milani]

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 there are lots of risks and they were, are and always will be in every direction where money and some kind of assets are used or involved. And of course the advise worked always to invest sone amount that is not the last on your wallet. In case of losing it will not be so painfully. And it does not depend on whete exactly you are keeping your assets or money - bank or crypto account, or even at home. It is the mistaken belief to consider crypto as more risky)) Bank may be closed unexpectedly, money of your country may be devaluated and so on.  In my opinion assets or money should work and be multiplied in other language what is the sense in it to hold them under your pillow - just multiply them and be ready to risk  or just live from day to day and spend them for your joy, but don't let them to lie dead weight ))

[nasipadang]

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.

It is clear that bitcoin carries a greater risk than storing it. I'm sure most users here look at the risk side of losing, even though if we dig again, the risk of bitcoin is not only in fluctuations, for example there is no investment guarantee letter. Apart from that we are talking about an investment which definitely has a greater risk than saving any form of storage, while the benefit of an investment is additional income / profit. Judging from the pandemic that has occurred, the bitcoin or cryptocurrency market has a livelier market, so be more careful in investing in cryptocurrencies that have fast fluctuations.

[FlightyPouch]

I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.

I won't say dangerous but more of higher risk but that depends on what is their purpose in using bitcoin. If they wanted to use it, I don't see any danger from it, if they are investing, that is when we talk about higher risk since they have low knowledge about it. We are the same, when we started we are at that risk but we learn it as it rolls.

[Kong Hey Pakboy]

I think bitcoin is dangerous only for those who are just starting. They don't know how to look at the market or chart. What is more important is the learning that has never had the experience of accepting losses. For a volatile market like crypto, it is too risky for them.

I think it would not be dangerous for people who are new in cryptocurrency or investing in bitcoin about experiencing risk because it is normal for every investor to experience losses, and the bitcoin market is too unpredictable due to it's volatility. So even you understand how the market works, you can't still avoid having losses from your investment.

[bonjouros]

Anything will have a huge risk if you don't know what you are doing but if you will start researching first on how crypto works and how you can lessen the risk in investing to bitcoin then you don't have to worry a thing.

Bitcoin has a bright future and many believes it and if you are planning to put your saving to bitcoin then you are not in a wrong place but you should make sure first that you already know the basics on how crypto works and also to bitcoin.

If you are going to check the price of bitcoin, way back from the time that it was being launched then you can say already that it's progress is very
amazing and you can rest assure that your saving will not be in danger as long as you know what you are doing. Buy in a right time and sell it in a right time, don't panic, be wise and be patient so you can get your profit in the end.

[lumeire]

I think it would not be dangerous for people who are new in cryptocurrency or investing in bitcoin about experiencing risk because it is normal for every investor to experience losses, and the bitcoin market is too unpredictable due to it's volatility. So even you understand how the market works, you can't still avoid having losses from your investment.

People also have a tendance to invest in the Cryptocurrency or stocks when the news and online websites are talking about it, instead they should always watch the prices closely when the media is talking about these investments and make a watchlist and when the price comes down then they should buy bitcoins or any stocks that they are interested in.

 I saw many get rekt in the last bull run when they sold their car in order to buy bitcoin above $15k and then all of a sudden the price went below $10k, so for these kind of investors the area of investment is risky and they should keep their money either in gold or maybe in real estate.

[CarnagexD]

Anything will have a huge risk if you don't know what you are doing but if you will start researching first on how crypto works and how you can lessen the risk in investing to bitcoin then you don't have to worry a thing.

Even if you do a lot of research if the market does not favor your decision you'll always end up being in the last. I agree, you can lessen the risk in investing with bitcoin when you already know the fundamentals, but as soon as you get into it you'll notice that it gets complicated as you get closer to bitcoin. Whether you know a lot about bitcoin or not, the risk in investing with bitcoin is high because it is decentralized.

Bitcoin has a bright future and many believes it and if you are planning to put your saving to bitcoin then you are not in a wrong place but you should make sure first that you already know the basics on how crypto works and also to bitcoin.

The potential of bitcoin is great, however what my view on it is that it will fade when new coin comes, a lot better and improved but it will depend on the people if they really want the bitcoin to succeed, in the end people behind the price of bitcoin will decide where bitcoin will go in the future.

[kayvie]

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?

The answer is obvious, it is riskier to place your money in bitcoin than holding them as a fiat. It is just that, you have to face those risk to have the possibility of making a profit, it is like a gamble where you don't guarantee whether your money in bitcoin will increase or decrease. If you hold them in fiat, even if you hold it for many years, its value will be the same.

[Anna138]

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, it is safer to keep money in a savings account in a Bank, because banks have the function of guaranteed money back in the event of devaluation and financial crisis. In Russia, for example, one and a half million is a guaranteed amount of money back in case of complete bankruptcy. I think other countries also have similar capital preservation programs.