How risky do you feel investing in Bitcoin is in this point of time?

[NorthernArtsyGuy]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

[Coyster]

Bitcoin is as of yet not a 'safe haven asset', so there's always going to be risks, but what I noticed this year is that for quite some people their risk concern dropped considerably due to the influx of institutional investors, as well as Bitcoin being almost totally resistant to the effects of the covid-19 pandemic; thus from a general view point, I think more people now believe in the network (thus, less risk concerns), and possibly Bitcoin could soon become resistant to spontaneous plunges/'transition' to bear market, this of course doesn't mean there wouldn't be price corrections like we've been experiencing.

Having said that, notwithstanding how one feels about investing atm, "what you can afford to lose" is an axiom that should not be forgotten, by overriding that rule of thumb, you're already making things a little bit more risky for yourself.

[mk4]

It's only risky if you have a short-mid term time frame. As we all know, bitcoin and cryptocurrencies have this tendency of dropping huge amounts in price. But if you look at the long-term charts, it's pretty much in an uptrend. Hence why it's a frequent recommendation to only invest money into bitcoin, with money that you wouldn't need for a while.

[eXtremal]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

I have almost no risk at all, I trade with very free money, get it from the results of the campaign, trading casually is my happiness, Once doing scalping it scares me.

[jackg]

This week and potentially this month are quite an optimistic time to invest. We're below the ath and have a good chance (in my opinion, at some point) of breaking through it - potentially soon.

If you're planning on holding for a while too there's even more of a benefit to investing now, once news articles start getting heavily interested in bitcoin I'd say you might want to consider selling back to regain your initial capital as a crash could be over the horizon.

[MFahad]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

If depends upon for long long you want to invest in bitcoin. If you want to invest for short term, it may be risky to buy bitcoin over 57K now as bitcoin is near its resistance and may dump from here. On the other hand if you want to invest in bitcoin for a long period of 2- 4 years, then you can buy bitcoin now at any price and you would still be in a good profit after few years.

[hd49728]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

Investment, how long is the time you want to keep your investment opens?

It is not only about Bitcoin investment, in this time or any time, but also about any different investment.

You have to be clear that how long you want to keep your investment opens. It will decide your exit time, exit price and risk management. If you don't have clear scheduled investment and risk management, you will easily to be panic, uncertain and make bad decisions.

Emotions, mentality are very important for investors that partially will be decided by your investment plan.
Bitcoin investment at this time, risky or not? Yes and No, the answer will depend on above factors.

[so98nn]

The answer mostly depends on one easy fact, what are you investing with (life's savings, back up money etc.) and when are you entering into the market? Do you have multiple entry points for buying for example, whether you bought at 20k, 25k, 30k, 40 etc! This will decide your safety for the break even point and it would be average price of your entry points.

If you are buying with extra stash lying around, if you have already bought and want to enter again then its completely fine. Moreover, you should always keep up the  investment for long terms so that you can book good profits in the near future. So risky or less risky depends on various bullet points.

[virasog]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

I have almost no risk at all, I trade with very free money, get it from the results of the campaign, trading casually is my happiness, Once doing scalping it scares me.

If you are using free money to invest in bitcoin and trade, then you have no tension because even if you lose the money, you know it was not your hard earned money. OP is asking for those people who want to buy bitcoin at current levels above 55K with their fiat money. Its always scary to buy bitcoin now because when you look at the past few months and thought you could have bought bitcoin at 20K, 30K, 40K but didn't buy.  

[Poker Player]

Interestingly, according to current banking and financial standards, investing in Bitcoin is extremely risky. I will not go so far as to say that it has no risk, because no investment has 0 risk, what it has is short-term volatility.  Therefore I voted somewhat risky, always understanding it as a long term investment.

[electronicash]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

I have almost no risk at all, I trade with very free money, get it from the results of the campaign, trading casually is my happiness, Once doing scalping it scares me.

If you are using free money to invest in bitcoin and trade, then you have no tension because even if you lose the money, you know it was not your hard earned money. OP is asking for those people who want to buy bitcoin at current levels above 55K with their fiat money. Its always scary to buy bitcoin now because when you look at the past few months and thought you could have bought bitcoin at 20K, 30K, 40K but didn't buy.  

the ones who had free money are the ones who joined the signature campaigns like us. the ones who actually invest thru p2p with their own money are feeling the risk when were lured to invest near the peak of BTC price. these are newbies in crypto, if they see the price dips over $1K a day, they tend to panic and sell. lose amount and then after seeing the price went up again they buy.

[Wexnident]

Somewhat risky. It depends on the timeframe your investment can last, most long term investments of up to 2-3 years actually profit, while 1 year investments would still hit that 50/50 chance of actually hitting it off or losing profit. I myself just invest around $10, $20 every month, and just well, wait it out. I'm at half a year now and have had some profits but since the investment was low, the profit was low as well but hey I'd take anything. Day traders have the most risk imo since the market is well known to be very volatile, so your money could may as well just disappear in a blink of an eye, so that option is VERY risky.

[Upgrade00]

Bitcoin is sound, verifiable and immutable money. One does not have to depend on the policies of banks or governments and also gets to enjoy a certain amount of privacy. Neglecting price fluctuations, it is almost risky NOT to hold any bitcoins at this point in time as it has all the potentials to become the currency of the future, when you put the fluctuations into consideration, it backs up that point, as it's almost always rising.
For now though, the consensus is; only hold what you can afford to lose

Interestingly, according to current banking and financial standards, investing in Bitcoin is extremely risky.

The same standards would encourage one to hold fiat which has been dropping in value for quite a period of time now as opposed to Bitcoin which has always had an upward trajectory (when you consider the entire chart).

[Rikafip]

If you are investing money that you don't need and don't mind waiting for a couple of years, I would say that buying BTC at these levels is hardly risky at all, but if you are into it for a quick profit, then it's very risky.

In my opinion, best way to invest in BTC is to use dollar cost average method, so that you don't have to think about timing the market because as newbie chances that you will do that properly are slim.

[Caross]

This risk of investing in bitcoin can be minimized by you, that is you properly invest at the right time and with the right amount in that way you avoid taking a high risk and reduce overburden if the market goes against you.

[ampu]

I think investing in Bitcoin is risky in the short term because you may not be able to pay back when you need to sell your investment to use the money for the purpose it needs.
In the long term, Bitcoin investing is at low risk because Bitcoin's value grows well. We can verify that through the Bitcoin chart from 2010 to the present.

[TangentC]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

What Risk?

The Price of Bitcoin is going to Infinity.

You just have to wait for it, 

[AniviaBtc]

Every investment is risky especially that cryptocurrencies are very volatile in nature in the market.

That's the reason why studying it first before engaging on it is a must so that we can somehow increase our confidence or our decision making in a bitcoin investment.

Some newbies are greedy enough to risk their money because they believe that bitcoin is an easy money and profitable in the market without knowing the existence of bullish and bearish market.

[lienfaye]

Just want to see a general consensus of how risky investing in Bitcoin here is in this point of time.  Me? I feel it's on the verge of being hardly risky at all.  So my answer is a little risky.   I know, controversial poll but oh well.

The price is recovering so its risky to invest at this time. However the risk actually depends on your plan if you're going to hold it for short or long period. For a long term hodler the current price doesnt matter because in the long run it will increase further. However you need to have lots of patience in order to wait for the right time because its not going to be easy to bear the roller coaster ride of bitcoin. But as long as you're going to use a capital that is not meant for important things then its not a problem. Those investors who likely to panic sell are either cant stand seeing the price going down or invested a money they already need. So before you invest have a plan and know your goal.

[lionheart78]

It's only risky if you have a short-mid term time frame. As we all know, bitcoin and cryptocurrencies have this tendency of dropping huge amounts in price. But if you look at the long-term charts, it's pretty much in an uptrend. Hence why it's a frequent recommendation to only invest money into bitcoin, with money that you wouldn't need for a while.

I agree only invest the money that is not needed.  Even though Bitcoin is on an uptrend on its chart, we never know what lies ahead.  We should always consider the risk and the possible popping of the Bitcoin bubble (if some critics are correct that Bitcoin is just a bubble).  If that happens at least he only invested the money that he has not needed and won't affect his life badly.