Is Bitcoin such a big risk?

[Lizzie_Girl]

I say just keep what you get. If you earn crypto keep it and spend and use it. If you get paid fiat do the same. If you convert one to the other to feels like you expecting it to do well or you will be upset you lost value/money. If you just accept whatever you are paid in then you will have a variety of options without a choice so accept as many payment options as you can for whatever work you do. If you work a normal 9-5 job and earn fiat then you should probably not invest more then you can afford to lose as you have said.

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[skarais]

Price volatility is a risk that exist with bitcoin. Also bitcoin is not a recommended place to store value as its price keep fluctuating and also this asset is still quite young.
"You shouldnt keep money that you cant afford to lose with Bitcoin". These word should be taken as a warning that bitcoin is a high risk asset. Usually investor and trader will also get a warning from the exchange before they spend money buying coin or trading.

Storing money in bank saving (deposito) in the form of fiat is an effort made by those who cant accept the risk of bitcoin volatility. This option is much safer for them and will also have the opportunity to receive a few percent annual interest from the bank.

[KimberlyCon]

You can never invest if you can't afford to lose. No matter if this is BTC or houses.
BTC will grow up within the years and in my opinion this is the best investment rn

[3meek]

You can never invest if you can't afford to lose. No matter if this is BTC or houses.
BTC will grow up within the years and in my opinion this is the best investment rn

It may well be so! But it seems to me that we should have invested much earlier... Now you can only speculate on a bitcoin course! I don't think that investing in it can bring a good profit...
But if we don't talk about investments, it's just cool to have bitcoins!

[0nline]

Every investment can have its risks, bitcoin has pretty low risk I would say though.

[ibuddy122505]

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.

No investment is risk-free. but, but let the risk to a minimum. The deposit in the account is the dead currency, it does not bring you any profit. Bitcoin is a worthwhile place to invest.
-pho

Bitcoin has the potential and most valuable thing in the world. So, yes get some bitcoin, and keep it till next year bullish run. You're only responsible to loose your money if you don't know how to manage it. Don't over react since Bitcoin is in a downtrend again, overall it's struggling at 10K.

[bitzizzix]

The risk will be very small if you understand and know in detail the nature and workings of cryptocurrency or bitcoin, don't try to invest anywhere, including bitcoin without adequate knowledge support because everything related to investing must have risks and must be prepared to face it.
Many people lose money investing in Bitcoin even though they don't really understand it, they do it anyway and they don't know when to buy or sell and so on at the most appropriate time, and another reason they are too rushed, to own bitcoin and buy directly through the exchange without studying it first as this is a high risk considering the fluctuation in value can be quite extreme.

[online73]

Hello to all. Everything that people have invented - everything is risky, and the cryptocurrency market and the price of cryptocurrency are highly manipulative - of course, if you don't adhere to certain rules, sometimes just breathing becomes risky. You just don't need to be afraid of the fears of those people who are already afraid - you need to go forward and overcome fears by learning. Sometimes there are losses, but this is a kind of tuition fee. Even in a 100% scam, you can earn if you adhere to the rules, and Bitcoin is technology, it is a revolution and, to a certain extent, freedom. As smart people say, "fear has big eyes."

[Chainsmokers]

all are at high risk if we want to store our assets in a digital world there are always loopholes although security looks good, I don't think I save a large amount, especially in the form of bitcoin better save for real and have less risk

[mezzaluna]

Hello to all. Everything that people have invented - everything is risky, and the cryptocurrency market and the price of cryptocurrency are highly manipulative - of course, if you don't adhere to certain rules, sometimes just breathing becomes risky. You just don't need to be afraid of the fears of those people who are already afraid - you need to go forward and overcome fears by learning. Sometimes there are losses, but this is a kind of tuition fee. Even in a 100% scam, you can earn if you adhere to the rules, and Bitcoin is technology, it is a revolution and, to a certain extent, freedom. As smart people say, "fear has big eyes."

Well, you don't have to tag everything as risky since people already feels that way. What they are scared of is losing something so big that they have not yet even studied for. Everybody know its a risk but losing out on it is not better since they are missing out on some aspects that might even make them happy or do something worthwhile for their own time. Experience is always the best teacher and facing loss is just natural.

[DatKing]

Firstly, I would like to say that cryptocurrency market is volatile and too many people know this. So, we can say that it always carries risks when you decide to invest in a cryptocurrency. But you can also profit from Bitcoin much more than you could imagine compared to a fiat money in the long term. I also think that Bitcoin has a very strong system because it has been listed in the market for 11 years and Bitcoin use is increasing in different fields year by year. So, I would prefer investing in Bitcoin compared to fiat money if I had to choose one of them.

[Kgn78692]

I think you should not put all of your money in just one place and the thing is that invest that amount of money in bitcoin which you can afford to lose because this market is highly fluctuate as compared to any other market I will recommend you before investing in bitcoin you should learn from existing bitcoin investor

[Fredomago]

Firstly, I would like to say that cryptocurrency market is volatile and too many people know this.

Those people who do their research knew about the volatile nature of this industry, but for those who learned bitcoin
by words from relatives or friends mostly not aware of this.

So, we can say that it always carries risks when you decide to invest in a cryptocurrency. But you can also profit from Bitcoin much more than you could imagine compared to a fiat money in the long term.

In terms of investment, bitcoin do rise in value compared to fiat. If you are good and you understand ow to work with volatility
you can easily earned by holding this coin.

I also think that Bitcoin has a very strong system because it has been listed in the market for 11 years and Bitcoin use is increasing in different fields year by year. So, I would prefer investing in Bitcoin compared to fiat money if I had to choose one of them.

Bitcoin already been there for such long time, and most people see the value of this system after this pandemic happened many
now already accepts this cryptocurrency.

[AicecreaME]

Investing your money in Bitcoin is a great investment if you don't have any problem financially, because if the price is low, you could just let it sleep in your wallet and wait for it to go to the moon, while investing your money in banks is your whole comfort zone, meaning you won't gain anything big in the long run compare if you're going to invest it on Bitcoin.

It's all about taking the risk or the opportunity to make you money double or even triple if you have the patient to wait for the right moment and you're not listening to rumors.

[jpnl0005]

There is risk in every business bitcoin has a very strong system and has been in the crypto space for years it has a very low risk level i do suggest it to be the  best investment.. all that i needed to do is knowing the right time to buy and the right time to sell bitcoin today has a large number of investors..

[Gibreil]

Investing your money in Bitcoin is a great investment if you don't have any problem financially, because if the price is low, you could just let it sleep in your wallet and wait for it to go to the moon, while investing your money in banks is your whole comfort zone, meaning you won't gain anything big in the long run compare if you're going to invest it on Bitcoin.

It's all about taking the risk or the opportunity to make you money double or even triple if you have the patient to wait for the right moment and you're not listening to rumors.

There is always quote about investment, trade what you can afford to lose. People always thought that when you invested in bitcoin and leave it for a couple of months or years, it will grow 200x of your capital. Not knowingly that bitcoin works throughout the market price and buyers or sellers dictate its price. So, they end up in saying that bitcoin is a scam coin.

[gamer4156]

Those who don’t know about bitcoin will surely find bitcoin always scary. One thing to note is that those who know very well about Bitcoin are no longer assholes who will put their money at risk by investing in Bitcoin. They know very well that there is potential for profit here and so they are running after bitcoin. I wouldn't say right now that Bitcoin is one hundred percent secure. In fact, there is no way to improve life very quickly without taking a risk.

[BeManga]

It certainly had a risk of its own but in my opinion, Bitcoin is not a big of a risk to other cryptocurrencies, I think Bitcoin has established a safe zone that it will not end up becoming a zero value anymore so if you had spare money why not give it a try,

Some people often don't want to get involved with Bitcoin and other cryptocurrencies because of the fear of that little risk, and I have talked to a friend that said Bitcoin is only for the rich because on the value of bitcoin, But I think even establishing your own business has a risk everything has a risk involved in doing it and doing nothing.


“The biggest risk is not taking any risk... In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg

bitcoin is hard to learn and a little bit complicated 
that is why those who dont have knowledge about bitcoin
view it with higher risk because it hard for them to understand at first
every investment really have a risk but they can lower the risk if they have enough knowledge about it

[Benefactor]

Many people have very different views on Bitcoin. There is no doubt that it will be online, but I definitely invest in Bitcoin without Any Hesitation. The way the whole world is going about bitcoin now and the way the use of bitcoin is increasing day by day, the risk has come down a lot here. Most of you rich people will see the involvement with bitcoin. The rick here has come down a lot now as it has reached the top of popularity in cryptocurrency market.

[Ayiranorea]

Bitcoin will be risk for people who doesn't have basic knowledge about cryptocurrencies. Next is the people who have known about bitcoin, but never used it hearing the negative things happened related to cryptocurrencies. Apart from this people who have lost their funds on hacks state bitcoin as risky. If an user have made money through any of the cryptocurrency, then he won't consider it a big risk.