NO RISK, NO REWARD

[Ahli38]

In general, yea. But also take note that the cryptocurrency space shouldn't necessarily be the place for everyone to take risks. Some people are simply better off starting a typical brick and mortar business because not everyone is technical enough to take cryptocurrency bets.

people who enter crypto are people who must be prepared with all the risks. so indeed if someone is not ready to take the risk then do not enter. and enter into other fields that are at least less risky. but all fields still have risks. and the risk becomes low if we are proficient in that field. for example, we are proficient in the field of crypto, so crypto becomes minimal risk.

[uchegod-21]

It's only half true the no risk = no reward because you have to learn how to take managed risks in investing so you don't just lose money (especially to scams).

The no risk, no gain syndrome is not totally wrong and should be more correct. You take risk and the risk turns out to be a good risk, it is OK. Just to buy bitcoin at dip is already a risk because there could be more dip. Just to sign in the internet to scout for job is already a risk already.
Then there is q calculated risk according to you. Someone buying bitcoin at 35,000 with $10k is taking a calculated risk than someone buying bitcoin at 44,000 with same $10k.

I have also seen someone who has not lost money in cryptocurrency and he has gained and still gaining in crypto. Maybe saying he has not lost money could be wrong, it can be that he has gained more than he lost.

[Hyphen(-)]

Risk taking really determines the level of profit you will expect, because of the say which state they "the higher your risk, the better your reward" but that is not the case always. You need basic knowledge about cryptocurrency trading and Bitcoin first before you come to think of investing in cryptocurrency. What has happened to you and your friend comes as a result of lack of proper understanding in cryptocurrency, but as it is now, try and learn more before investing.

[noorman0]

-snip-
"if there is no risk in business there might be no reward" and I concur!

But this time I'm learning it myself and know how it works.

Risk in terms of unexpected external factors because bitcoin fluctuates, so yes it can be juxtaposed with rewards as returns. However, stupid investment management decisions will not have any return such as being attracted to hand over your investment to a scam service. It's closer to the term, "no research, no money back)

[Fivestar4everMVP]

if there is no risk in business there might be no reward" and I concur!

In as much as I would want to agree with you on this statement above, I still believe there are few(if not actually many) exceptions to this.
There is what we call Risk management.
And under risk management, we have three major risk levels, and they are - :

• Low level Risk
• Medium level Risk
• High level Risk

And as a sensible person, you shouldn't just go out there and start investing in all sort just because somebody or some persons told you that "without risk, there's no reward", this is a very wrong idealogy, you have to learn risk management, there's what we term as "taking calculated risk", you have to know how to calculate your risk.
Knowing the above will help you to know how to "invest only what you can afford to loose" (one of the mighty rules in crypto investment), this also means knowing exactly how much money to invest in a particular project, that won't affect you physically or mentally incase everything goes down the drain.

Alot of people in the past have made life threatening mistakes(some even ended up commiting suicide) due to ignorance of risk management, going "all in" in a wrong time or on a wrong project, all in the name of taking risk - they paid dearly for their mistake, no one want to have an experience of what this feels like.

[alik111]

Investing in crypto is profitable but not all the time. You should learn about risk management and have much knowledge about any project before investing.
Then you may take risk for the reward.

[Bhig Daddy]

There are alot more stories like this in this forum, where Many get scammed because they want to learn about or invest in crypto, to me that not really the risk in crypto. To me the real risk in crypto is to be a be to face the bull and bear time of a particular project, knowing when to buy a coin, trusting your instinct and so many more but All the same in the end NO RISK NO PROFIT

[BITCOIN4X]

There are alot more stories like this in this forum, where Many get scammed because they want to learn about or invest in crypto, to me that not really the risk in crypto. To me the real risk in crypto is to be a be to face the bull and bear time of a particular project, knowing when to buy a coin, trusting your instinct and so many more but All the same in the end NO RISK NO PROFIT

There is no investment without risk even if you agree to fiat investments (bank deposits). I'm sure people know what investment risk is, but they're too optimistic about returns that it seems right for them to ignore the risk.

The higher the risk you take, the higher the return, it's actually not always justified especially when you get random investment offers like Ponzi and other scam investments. The risk must be commensurate with the return you want, so it's a good idea to really understand what the great potential of each asset option you want to invest is.

[Franctoshi]

For you to be successful in live ,it involves a lot of risks, Not looseguarded risk taking but as an entrepreneur it should be moderate risk taking. Because the worst risk is not taking a risk .we should not think of its negative or positive outcome, so just try ,if you fail you learn but if you win, you gain. Generally no risk in taking a risk .

[Yamifoud]

Mistakes aren't a failure, it somehow gives us the benefits of being aware of what we doing.
Investing requires knowledge that you and your friend have missed out. Experience whether bad or good literally change our mindset and most of the time once we suffer losses (or get scammed) we generally then think this is not a good investment.

For me, I don't invest in something I do not know. Of course, we need assurance and that is really what we need to secure first before making a step. Partially I believe in "No Risk, No Reward", it can be changed if we do something.

[qwertyup23]

From then, whenever I hear about Cryptocurrency, I always say it's a scam and I was really angry with my friend.

Unfortunately, I also have lots of friends who branded cryptocurrencies as "scam" projects. The problem with the latter is that they invested on the time where the price boomed during the last quarter of 2017. They invested when the price was at its ATH; then the price dropped during the first quarter of 2018 in which these people pulled out their investments. Though some profited, mostly all lost their investments which lead to this conclusion and branding.

But this time I'm learning it myself and know how it works.

Experience is the best teacher. No matter how hard we try reading books about a certain topic, the only way to fully immerse and adapt is to personally experience it. While your situation may be unfortunate, this will build the foundation of your character which would help you in your investments in the future.

[Kelvinid]

And the reason why people are afraid to invest knowing that they can possibly lose their money if they will fail.

Global findings
37% of people planned to allocate more of their savings and investments towards high-risk investments after the lifting of lockdowns.

https://www.schroders.com/en/hk/retail-investors/education/gis/

That was last year as the pandemic hits us but I'd presume it slightly increases during this time. Might it become 45% (more or less)?

It is definitely hard to encourage people to invest in crypto for in their minds was full of negativity and worries. Their substantial information coming from fake news made them close-minded.  

It is everything risky but we can manage the risk if we are knowledgeable to what we do.

[Oluwa-btc]

Moral of your Brief Story is too not be fast to get something, definitely you'll face setbacks and drawbacks while trying to do this, and I'm sure you'll end up in a bastardized situation.
I feel this is a bit fabrication, I might be wrong though, having yourself in that state will .Ake you depressed, loss hope, but are you ready to rise up with a proud head ? Read learn from the best and push yourself to the limit, staying comfortable is a big sin for me.

Yeah,life will continue with or without you, why not take risks ? Take calculated once if I should advice.
Thanks

[worle1bm]

Taking risk is not bad but the problem is if you have not analysed the circumstances properly.Like in your case you have invested in the projects (taking risk) but without any prior investigation about the project and only under some influence of the market (not analysing the market conditions) which has put you in state of losing the funds.

The next big mistake was investing in normal hyped coins which have no long term future so the prices will stuck in same barrier not giving you any returns.But learn from your mistakes and avoid them in future and tell others also to be safe.

[AakZaki]

~snip~

It is definitely hard to encourage people to invest in crypto for in their minds was full of negativity and worries. Their substantial information coming from fake news made them close-minded.  
~snip~

Many people are afraid because they don't understand it properly. They don't read much but they have a lot of opinions and their opinions are wrong. In addition, many people in my country do not know technology, this causes them to only be limited to knowing people's mouths about the bad news. I think that's one of the reasons a lot of people think badly about cryptocurency.
Maybe if they knew crypto could change the economy, it would entice them to learn more deeply. Nowadays there is a lot of bad news about trading in my country because of the actions of affiliates and app makers. And this makes crypto in my country a bit of a scam by people who don't understand.

[bluebit25]

One of the mistakes people make when investing in any financial market is rushing to trust someone without first having access to the necessary knowledge. I've been in similar situations to the OP, but I can't blame anyone when the biggest mistake is still my own. Perhaps big profits make many people mistakenly think that the market is easy to profit from, but in fact, if you only look at money without upgrading your knowledge of the field you intend to work in, it will lead to a lot of problems. There are problems attracting investment participation, and not everyone is good at sharing knowledge and interests with others. So it's better to invest time in knowledge. It may be slower than desired, but it ensures basic risks that we can completely avoid.

[Blank-Head]

Although the word ricks may seem a little dangerous, we can't expect anything good without this ricks, so we need to have a good knowledge of crypto and master it well. When, where and how to invest in a project will be profitable. Of course, if you want to get or do something good, you must take ricks. Then something good will happen. But you can't take a ricks without listening and understanding.

[isaac_clarke22]

~

To be honest, I was like that when I was still trying to get a peek on what crypto is all about. I also thought that cryptos were like something to be used by hackers considering that I learned that people from the deep web use that as a currency.
Good thing I was corrected by 2017, and I bought my first one in that year as well and yes it was a price boom, ngl.
Experience could also be a reality slap for one. It was me when I realize that day trading is not for me.

[nurilham]

Any investment certainly has risks, just like crypto investments, especially with these ups and downs in crypto market conditions. Not all investors experience profits, there are also those who experience losses. so it really depends on how we manage the crypto assets that we have. no reward is obtained for free, it takes hard work in it in order to get profitable results. our job is to learn to accept the risks that exist and deal with them with knowledge and experience that is owned as a provision to face the unpredictable crypto market. all of that does need a process and sometimes the process is a little harder to train our mentality before moving forward.

[CryptocurencyKing]

From then, whenever I hear about Cryptocurrency, I always say it's a scam and I was really angry with my friend.

This is the reason why it becomes really difficult for one to ask a friend or another individual to venture into any form of cryptocurrency investment. Its the sole reason why a disclaimer on some through strategies to an investment package or trading even comes with a DYOR statement.

There is always a risk factor in every field of human endeavor and not cryptocurrency alone. The system is a highly plagued one by scammers because of its decentralized and anonymous nature so, one has to be very careful.

It wasn't wasn't smart move on your friends part at OP to have talked you into investing, the best option should have been to teach you about crypto and live you to it. Perhaps it was his lack of financial capacity like you mentioned. Good one, your both getting it now.