Is Bitcoin such a big risk?

[MickLichz]

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.

Any cryptocurrency is risk. The higher the value of the cryptocurrency, the higher the risk.

Well I would say that crypto currency is not risky the risk will be in entering this industry specially the risk will be higher if someone that has minimal knowledge about crypto currency will start to engage to earn, in short the lower the knowledge and experience the higher risk it is, and remember the value of any cryptocurrency can change from time to time that's why it is more risky for the user if he/she don't know how to deal with the situation.

[Assface16678]

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.

Any cryptocurrency is risk. The higher the value of the cryptocurrency, the higher the risk.

Well I would say that crypto currency is not risky the risk will be in entering this industry specially the risk will be higher if someone that has minimal knowledge about crypto currency will start to engage to earn, in short the lower the knowledge and experience the higher risk it is, and remember the value of any cryptocurrency can change from time to time that's why it is more risky for the user if he/she don't know how to deal with the situation.

We cannot escape the risk, like the market of the cryptocurrency is volatile and it's quite hard to become safe with this market, if you think you can't handle having this I think this is not the right choice to go into cryptocurrency all of the risks are there instead you can reduce the risk it's not quite a bad right?
So how you will reduce the risk?
Educate your self
This is the main factors should do to make more awareness about the things happen to your investment and all of the things related to the market.

[Kohatiiboy]

Yes you,r right that cryptocurrency is risky.but i think holding new cryptocurrency is the best way to earn more. Because new currency pump so much in some cases.so you can easily trade to another currency lime btc,usdt .

[Serious475]

Investment are all handle by the investor if the investor does not have any knowledge into cryptocurrency it's looks like you are giving a free money to the platform, It feels quite disturbing to the people who is making an invest most likely to the coins which is not popular and they think they can earn money with those coins. At the end they make doubt why they don't have any money and they can't grow a profit.

Yes you,r right that cryptocurrency is risky.but i think holding new cryptocurrency is the best way to earn more. Because new currency pump so much in some cases.so you can easily trade to another currency lime btc,usdt .

Not all the people are good at cryptocurrency until when you will hold your coins if this is a bitcoin there is a chance you will get a huge income it depends on your investment, but if you are just a small investor just likely 50 dollars it's just a small amount of income.

[Inkdatar]

I think saving your money in Bitcoin is riskier, but in this way we can also make a huge profit when the price fluctuates, unlike to fiat the price is stable and the chances of profit is low. For me, it is better to invest them both so that we can be assure our future especially in this times that still no one knows when will be the pandemic ends.

There’s always a risks that's why it is very important to learn first about bitcoin. That's the advantage to the users that we can earn since price may increase. Prior investing our money especially to the noob one is they should understand what bitcoin is all about and can offer to the users that at a later end no regrets.

[Majharul Saiif]

Like any other investment in the world if you invest in bitcoin it will have some risk. Because you can't invest on anything which doesn't has risk. But for me I think bitcoin has only a small risk compare to other cryptocurrency, I will always go for this little risk of bitcoin and will invest on it. Though many people scare to invest on bitcoin and cryptocurrency. But you have to understand if you can't take risk you can't gain profit.

I have the indistinguishable thought. Only Bitcoin? -no, there is a risk wherever you invest, that's normal. However, if you can toil with the proficiency or conception of scammers, the risk is very poor.

[lifeOK]

For me, Bitcoin has been more profitable over the years. It’s up to you how you make invest in the platform and turn out of your profits without no side effects. My attitudes toward bitcoin is positive, as I’ve made profit. I guess anybody could savings and making profits from btc.

[CasGal]

I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.

The danger is not in bitcoins, but in the likelihood of their loss. There are many scammers who use viruses to infect people's computers,               who may have bitcoins, and scammers can demand to pay them to get rid of the virus and return their information to them. Also, not in all countries, the authorities are friendly to bitcoin.

Bitcoin is volatile, we all know that. With the fast changing market, all we got to do is adjust, take oppoetunities and think. Scammers are not scary, volatility is not scary, what you should fear is not having the ability to cope up with the changes and what is happening. If you can't be scammed, scam is not a problem, if you could reduce risks you maximize your profit.

What do you mean by the inability to cope with change and what is happening? If you mean that a person must have strong nerves and good patience, this is true. As for scammers, no one is immune from a virus infecting their computer... You can get a business proposal from a company and you need to follow the link or download a file, and these were scammers. Scammers even use apps and videos for viruses.

[Tamim121]

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.

In my opinion there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money. You can keep some money in Bitcoin for long term investment. Then you can get profit from it.

[Meomax]

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.

In my opinion there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money. You can keep some money in Bitcoin for long term investment. Then you can get profit from it.

You should never invest all your money in one thing, the risk is always and everywhere. But then the question is, how much to choose from 100% of the money that you can set aside for investment / storage?

[kawetsriyanto]

~there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money.

High risk means higher returns. That's what applies to Bitcoin investment. Volatility in Bitcoin isn't something scary but it is a potentially bigger profit. If you don't brave enough just keep your money in a fiat savings account. Indeed don't place all your money in Bitcoin, but it doesn't mean just put a small amount of money is the right way.

You can keep some money in Bitcoin for long term investment. Then you can get profit from it.

There is no guarantee for profits even you keep your Bitcoin in the long term. The point is how the strategy in your investment. Also, how good you analyze the right time to "buy" and to "sell'. That requires knowledge to predict and analyze the market trend of Bitcoin. It is better to start investing once you have already enough knowledge about it.

[0t3p0t]

I think bitcoin is now not risky as earlier because now bitcoin is spreading in this world. Earlier only some people know about bitcoin and has holding large ammount of btc ,dump is on those hand but now many people investing in the bitcoin and it will not going to dump very easily. With limited circulating supply bitcoin is not risky as I understand.

Every investment is risky but with Bitcoin I have a peaceful mind with it because it is not to be affected by inflation, crisis or anything that results in a decreasing value over time. Even millionaires like Robert Kiyosaki told viewers to invest on Bitcoin, gold and silver because these assets will surely be profitable and prices will skyrocket anytime soon. Everytime the price goes up and down we will benefit from it unlike  the fake fiat where only rich people will become richer. To eliminate risks we should always be aware or a risk taker if we want to achieve financial freedom.

[reliable]

For me, Bitcoin has been more profitable over the years. It’s up to you how you make invest in the platform and turn out of your profits without no side effects. My attitudes toward bitcoin is positive, as I’ve made profit. I guess anybody could savings and making profits from btc.

Good that you were able to make profits and if people can hold it for some time generally it will help you make profits. Just like holding btc for a year itself has given them 3x returns for those who had bought around 3500$ price and now it’s close to 10700$ mark. So bitcoin will continue to grow in future as well only we should be ready to buy and hold it and book profits if need be.

[rhodelmabanal]

I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. It is risky because it is high on volatility and the price or maybe value is always changing, So then i think investing an amount that we can afford to loss is the best move to avoid a big loss. I still believe in bitcoin and its capability to give us a huge amount of profit through investing than altcoin.

[Jayrmalakas]

if you do not know about bitcoin it is big risk for you you need to learn more about using bitcoin and study hard because bitcoin is not easy to use they need money to invest and trades and that you need to know how to invest and how to trade

[Mahdirakib]

I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. ~snip~

Every financial related thing is risky. And without taking risk you can't gain anything. Among all cryptocurrency bitcoin have gained the strongest position. Most of the people trust bitcoin and invest in it. Bitcoin investors are hoping for a good upward move in it's price while you are focusing on loss much.

[mezzaluna]

I believe that bitcoin is risky that is why i only invest an amount that i can afford to loss. ~snip~

Every financial related thing is risky. And without taking risk you can't gain anything. Among all cryptocurrency bitcoin have gained the strongest position. Most of the people trust bitcoin and invest in it. Bitcoin investors are hoping for a good upward move in it's price while you are focusing on loss much.

That's what everyone is doing but some guys just want to risk them all since higher risk means higher payout. Bitcoin has the most strongest position because its the most famous one and other Cryptocurrencies branched out of Bitcoin. Only other Cryptocurrencies really started from scratch to produce better platforms like Ethereum.

[ChrisPop]

To me the biggest risk of all is that as I am still learning investing in Bitcoin, there are a few things that I don't understand. Fluctuation per se I cannot learn to forecast. Bitcoin seems not to depend on the general stock exchange condition, not like stocks for example. Although when in March 2020 the market went down, it went down too. Secondly, the fluctuation happens too often. You can lose $400 value in 1 BTC for just one lunch hour! And finally I can't figure out what happens when the capacity of BTC is finished. I guess the value will go yet up. But will BTC itself have value then? What if I will not be able to convert it into cash? Solvency is what worries me a lot.

1) You shouldn't invest in something without being informed. Investing in Bitcoin shouldn't be too hard.
2) Decide whether you want to be a long-term investor or a trader. For either of those you need to apply a strategy (e.g. technical analysis for trading)
3) Stocks are a different asset class than Bitcoin. Their value is based on the cash flow the companies produce for their shareholders/investors. Bitcoin is more like Gold. Its value derives from scarcity and speculation.
4) When all the Bitcoins will be mined, miners won't receive block rewards anymore, but will only be incentivized by transaction fees.

[CasherUp]

 :)Hello Friend how are you? Well that depends for the simple reason that first you have to know that in the cryptocurrency market there are many fluctuations in which it can greatly favor or how you can lose, you also have to take into account where to save the money because there is a third-party platform that they become scams and you can lose your money that way too, what I recommend is that you train and educate yourself a little more, greetings

[Coroline]

if you do not know about bitcoin it is big risk for you you need to learn more about using bitcoin and study hard because bitcoin is not easy to use they need money to invest and trades and that you need to know how to invest and how to trade

Bitcoin is not just about investment, we can use Bitcoin as a medium of exchange which has the same function as money. The existence of bitcoin is not as easy to use as FIAT, but bitcoin really helps our payment needs in the world of the internet to be safer and have low fees.
To know the level of risk Bitcoin is based on what we compare bitcoins to. If we compare the price of gold with the price of bitcoin, of course the price of bitcoin is more volatile and more risky than gold, but if we compare Bitcoin to JUBI Token, then it is clear that Bitcoin is safer than JUBI Token