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

[bounceback]

Investing in bitcoin is basically one of the investments that is classified as high risk because the price is very volatile, but the risk depends on each of us according to what role we play, as for me if we already have extensive experience and knowledge I consider investing in bitcoin is the same as investing in general.

[skarais]

Bitcoin is a very volatile asset so there are risk if you want to invest here. But I do agree with some opinion that in the long term, investing in bitcoin carries almost no risk of loss due to its ever-increasing price. If the investment is carried out in the short term, of course, the risk of loss will be more visible because price correction can't be prevented.

But you should also know that anything can change in this world, and neither of us can confirm the future of bitcoin today. Bitcoin is moving forward, we must always be with it. A temporary option is to invest with capital that you can accept when you lose.

[livingfree]

Risky if you don't have plans to hold it for a very long time.

You have a hint per year by year in the history of bitcoin. If it's extremely risky then the institutions won't put hundreds of millions on it which has been published by the media.

Those huge sums of money are being put into risk and they know that risk will be rewarded someday, I think they're not really that long term as most of the people here.

[sapnu]

I think it would mostly depend on your knowledge when it comes to bitcoin. If you are always updated on the news and the rumors about it, you might end up considering it a little risky or a very risky one. If you only go with the flow most of the time, as you see the value of bitcoin increasing continuously amidst seeing it go down for a bit, you will still consider it a bit risky. In general, bitcoin will always be risky, doesn't matter how high or low, investing or trading in bitcoin is a risk. Anything can happen the next day or week or month so it would be best if you stay on guard when it comes to your investment.

[Gamerholic]

In my opinion, any investment is always a risk by definition. The whole question is what kind of funds you invest and what is their origin. If people who take loans and with these funds try to buy cryptocurrency and then are left with nothing and even with a loan, there are those who invest free funds and do it for a long time. For example, those who made long-term investments in 2016 - and are still sitting and waiting - have already made huge profits.

[Asuspawer09]

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.

Investing long term almost has no risk at all, But it is not the best time to invest in bitcoin either, Still, you could easily see the chart of bitcoin and it reaches a higher market cap in just a short amount of time

If you have diamond hands in bitcoin you could guarantee a profit in the future, but it's not easy to hold for years just like what people do in the past years, all of the people are already millionaires or billionaires these days.

You might want to just forget about that investment especially if you not used to it because most people are selling their bitcoin when they experience a high percentage drop especially if your a bigger that could easily cost panic for most of the people so the market price could continue to drop its market price.

[LittleBitFunny]

Bitcoin already has been proved that it is a safe haven, It is the only one currency which is remained strong and growing like unstoppable during the biggest epidemic covid-19, Bitcoin has given everyone a glimmer of hope when the world economy is in recession, when one third of the people in the USA are unemployed during covid-19 issue. I have enough faith in Bitcoin and I think it is safe to invest in it.

[kojektea]

I'm a very short-term trading type, they call it scalping, I have to quickly make decisions with the direction of the trend up, take some small profits, but it's pretty much done many times, it's quite risky because it could have missed the train to the moon as I tried to leave for a while.

If you expect the price to at least double itself this year, I think it is a risky investment for now. Because many people have an expectation like that but the price could go directly the opposite way also. But if your aim is HODLing for years maybe, then you can go for it. But for short-term investors, it seems really risky now.

Those who have just entered the world of trading, hoping to soon get a 100% profit in the absence of effective prequel make them will immediately sell losses, while those who hold for a long time will get the profit as they want.

[moderator's note: consecutive posts merged]

[Dewi Aries]

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 choose on still very risky, although people believed that bitcoin price can increased more, but i think it can be dumped anytime agai. Or maybe if have a lot of capital, people can split and then save the rest for back up if bitcoin price dump lower again. It is safer way to buy coin that already this high.