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Author Topic: Can you consider yourself as a risk taker if you buy bitcoin?  (Read 690 times)
Quidat
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April 13, 2023, 08:58:52 PM
 #121

Every investment has its own risk. So investing in Bitcoin, I will consider myself a risk taker considering the fact that it is a long-term investment and within that duration, anything can happen. You may lose or gain.
You said was right which is actually that a right thing that you should really be that minding about the risks that you had taken on the time that you had stepped your foot into this crypto space
or on any investment or industries out there which you are trying out to engage on. When buying up Bitcoin then you are really considered to be a risks taker because we know that there's no
such thing about risk-free or 100% safe on any business out there specially if you are planning to have an investment or making more profits.
This is the first thing that you should accept on the time that you do make out such decision.

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April 13, 2023, 09:39:12 PM
 #122

Understanding comes with experience. For beginners, this always seems to be something very difficult and risky, since this is a new direction for them in investing. But I know people who have invested in Bitcoin for a long time and store it for quite a long time waiting for their price at which they will be ready to sell him. Personally, I am ready for any scenarios that may happen to the market for me, this is perceived as a game in a good way and I am ready for risks.

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April 13, 2023, 09:41:01 PM
 #123

We share the same viewpoint on this; risk is present in all investments and businesses, not just Bitcoin.

In my opinion, the risk is when you invest in something where you are unsure of your profit or even your return, which means you could lose it all, and in this regard, there are many businesses that involve high risk, but people take the risk because they believe that the higher the risk, the greater the profit and return, which is true most of the time and sometimes not, which is why it is called risk-taking.
High risks are also an increased danger to our investments, no need to think that this will help us make a big profit, it can also take away our funds. All risks must be justified, and if in doubt, it is better not to invest in this coin at all, but to look for something more reliable. Even if it brings less profit, but you will be confident in what you are doing.

Bitcoin is a good investment, but before you start investing, you need to thoroughly study its history and see how it moves. Risk will be present in any investment, somewhere more, somewhere less.
True, not all those who take high risks are gaining bigger profits in return. In fact, what they only gain is life changing losses that could deprive their bright future ahead. So never believe it’s mostly possible most especially for beginner investors. Taking small risk at the beginning is good enough, you will only increase it once you are in consistent profits already and you may think that investing a bigger amount could be more helpful with your future profits.

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