Can you consider yourself as a risk taker if you buy bitcoin?

[Casdinyard]

I think so, as many people said. The mere act of considering the purchase of a bitcoin is more than enough reason to call yourself a risk taker. Many people in their lives wouldn't have gone so far to do the same thing you did, and yet you invested and are currently looking to make it grow too! So by all means you are a risk-taker alright, but not the wrong type. Stock ip on information, DYOR and never let FUD or FOMO take over your judgement and you should see yourself down a more successful path in this industry

me? i don't really think i'll consider my self as risk taker at all, since there are different kinds of risk. as for me, i'll consider my self as a gambler since it's like i'm only playing around with money without expecting great in return while i am learning the processs at the same time. the reason why i won't consider my self as a risk taker is that, i didn't like the idea of risking without getting something in return, but with playing around i expect that i will lose that money immediately, this is mostly why i'll only play the amount that i can afford to lose or some spare money that i don't really need. the idea of converting valuable things to fiat and gamble the money is not really for me.

!But gamblers are risk takers you silly! I'm guessing you mean that you just don't take as much risks as the average cryptobro, or perhaps you dismiss of your ventures as something other than a risk you are actively taking. Either way whatever works for you bro.

[1715316449]

1715316449

[1715316449]

1715316449

[1715316449]

1715316449

[1715316449]

1715316449

[1715316449]

1715316449

[uneng]

me? i don't really think i'll consider my self as risk taker at all, since there are different kinds of risk. as for me, i'll consider my self as a gambler since it's like i'm only playing around with money without expecting great in return while i am learning the processs at the same time. the reason why i won't consider my self as a risk taker is that, i didn't like the idea of risking without getting something in return, but with playing around i expect that i will lose that money immediately, this is mostly why i'll only play the amount that i can afford to lose or some spare money that i don't really need. the idea of converting valuable things to fiat and gamble the money is not really for me.

Well, that is, at least, an odd point of view... First, because gamblers are risk takers by nature, and second because when you gamble (and you consider yourself a gambler), you are completely risking money for something in return. So I really don't understand why you don't like the idea of doing so. That is a very contradictory statement!

[Kasabus]

Basically, yes. Everything that is called investments is considered as risky by any means, so those who do that especially investing in bitcoin as its high volatility are called risk taker.
But technically speaking it depends on the amount of someone invest, tolerance and your objectives and it its subjective knowing there are degree for risks.

Even living life itself has also its own risks, so it’s certain that we are risk takers from the start. And eventually there comes higher risk once we start investing in risky and volatile investments like what is bitcoin all about. But becoming more knowledgeable and even skillful in bitcoin will somehow reduce the risk and instead of committing more mistakes and fail, we tend to be even more cautious so we will end up bitcoin investment a successful and profitable one.

[RockBell]

Every business has risks, whether it deals with Bitcoin or not, but once you invest in a business, the risk can be managed. Considering the risk involved in investing in Bitcoin is occasionally worthwhile, I personally take risks because I've learned that risk can bring in a lot of profit while also putting your entire life at risk.

It's conceivable that a company isn't automatically responsible for the risk, though. An enterprise cannot completely insulate itself against risk due to this. But a company's performance risks can be minimized, most companies achieve this by putting a risk management approach into effect.

[|MINER|]

Snip.

All types of investments are risky, some may be less and some may be more. In this aspect, Bitcoin must also be under risk.Profit is definitely not guaranteed but I think the loss issue in Bitcoin investment will be less especially if you can invest now and sit for long term. And since I prefer long term investment and use my lazy funds for that I think I have taken a risk by investing in bitcoin but at least less than keeping money in banks.

[Distinctin]

Certainly yes. Buying bitcoin means you are aware that it’s value is not fixed and will always fluctuate every now and then, and you are allowing yourself to might lose in the future if you can’t manage your investment well. So that’s a big risk indeed. But by holding bitcoin for long term, you can avoid the risk of losing, and you can maximize as well your bitcoin profiting especially if you perfectly sell it in bullish season.

[coolcoinz]

Not at all. I don't think that I'm taking any risk by holding bitcoin.

In my case the answer is straightforward because I got a lot of BTC in 2015 and 2016 so bitcoin would have to be sub 1k for the investment to be unprofitable. I don't think that it's ever going to happen, so the risk does not exist anymore. If I bought it this year, I'd still be rather confident. There's no way bitcoin is going to be worth less than 2k USD after the halving, while your fiat money is going to be worth between 5 and 20% less next year, depending on your inflation rate. Probably 50% less if you live in Turkey and id you're in Venezuela, you can wipe your ass with it.

[molsewid]

Not at all. I don't think that I'm taking any risk by holding bitcoin.

In my case the answer is straightforward because I got a lot of BTC in 2015 and 2016 so bitcoin would have to be sub 1k for the investment to be unprofitable. I don't think that it's ever going to happen, so the risk does not exist anymore. If I bought it this year, I'd still be rather confident. There's no way bitcoin is going to be worth less than 2k USD after the halving, while your fiat money is going to be worth between 5 and 20% less next year, depending on your inflation rate. Probably 50% less if you live in Turkey and id you're in Venezuela, you can wipe your ass with it.

Because actually, buying bitcoin is less risky than other investing in other things. We all know that bitcoin may be down at this moment but sooner or later it will bounce back, it happens every year and other altcoins will have a movement depending on how bitcoin will react. Buying gold, land or other things in traditional ways are normal and it is quite good as well, but I still prefer to buy bitcoin than these things.

[_BlackStar]

The lesson is the best bitcoin investor and trade doesn't resonate the slightest bit of emotional discomfort because they understand the game and they fully accepted and embrace the risk where they know that buying bitcoin are probable not guaranteed.

Everyone who invests and trades is a risk taker - Yes, but not everyone is able to control their emotions and know the risk.
This is an individual matter that varies from person to person so we can never expect everything to be in balance. See how many regrets they have, but by themselves they will become stronger because of the experience.

I'm a risk taker, but I'm not as successful as others at controlling my emotions especially when I want to buy on a dip. LOL

[AmoreJaz]

Not at all. I don't think that I'm taking any risk by holding bitcoin.

In my case the answer is straightforward because I got a lot of BTC in 2015 and 2016 so bitcoin would have to be sub 1k for the investment to be unprofitable. I don't think that it's ever going to happen, so the risk does not exist anymore. If I bought it this year, I'd still be rather confident. There's no way bitcoin is going to be worth less than 2k USD after the halving, while your fiat money is going to be worth between 5 and 20% less next year, depending on your inflation rate. Probably 50% less if you live in Turkey and id you're in Venezuela, you can wipe your ass with it.

Because actually, buying bitcoin is less risky than other investing in other things. We all know that bitcoin may be down at this moment but sooner or later it will bounce back, it happens every year and other altcoins will have a movement depending on how bitcoin will react. Buying gold, land or other things in traditional ways are normal and it is quite good as well, but I still prefer to buy bitcoin than these things.

it will pose high risk if you are a beginner on this market and you actually don't know how to secure your btc. but if you have long years of experience in this market and you are a believer of btc's potential, then, you will feel that investing in btc is a low risk investment. but when you explore other currencies like meme tokens, that's when i will say, those are high risk ventures because most of them have very short lifespan.

[GideonGono]

When you are investing on something then you are already taking the risk no matter what it is.
I like to think that most or all of us are aware of the risk when we are buying or investing in crypto, but sad to say that there are some who doesn't really know or doesn't acknowledge the risk on investing in it.
Not everyone could control their emotion when it comes to trading or investment.

[Vaculin]

Taking risks involves uncertainty about the future. We cannot predict with certainty whether we will gain or lose money. While we don't always need to delve into the specifics, it's important to understand that taking risks means putting our funds at stake. It's akin to playing a game, where some individuals come out on top, while others suffer losses. As I cannot accurately forecast the direction of prices, I consider myself a risk-taker.

Well, I myself is a risk taker too because I have trusted an investment where I can be more prone to losses than profits, and because of how uncertain it is, we could just be lucky in the end if we succeed and create life changing profits but very unfortunate for those who have invested a huge amount of capital and yet still lose them all in the end. I guess as much as investment is concern, you won’t succeed in it unless you did not try taking the risk, that’s the main reason why I am buying and hodling bitcoin.

[borovichok]

When you are investing on something then you are already taking the risk no matter what it is.
I like to think that most or all of us are aware of the risk when we are buying or investing in crypto, but sad to say that there are some who doesn't really know or doesn't acknowledge the risk on investing in it.
Not everyone could control their emotion when it comes to trading or investment.

Life is all about taking chances to fulfill our purposes and aspirations. Risks triggered success and we need to make it a daily routine. Imagine giving out more and receiving less on an investment is absurd, but giving out more and receiving double folds is a good sign of risks. You invest because you expects significant rewards. Trading alone is risky because a trader have already put in mind that if the trade goes either ways ( Profits or losses), he will accept. That's facts because we expects results at the end of our trading positions, clearly not all the traders have good stable motive when trading. 

[Botnake]

Everything in life has risks, especially Bitcoin. Although it is a worthwhile long-term investment to hold through dollar-cost averaging (DCA), it is still subject to market volatility and its movement is unpredictable.

We may not know what will happen next to Bitcoin in the next hour, day, week, month, or year. We just have to be prepared for it as risk-takers. You cannot call yourself a risk-taker if you have not bought Bitcoin, even just a fraction of it.

Bitcoin is full of uncertainties and even if a lot would guarantee profitability in bitcoin, the fact that bitcoin is unstable and has no fixed value, investing in it is still a big risk, and those who trust and bought bitcoin despite of its volatility are certainly risk takers. Not just for bitcoin but even in real life businesses, those who venture in it are undeniably risk takers as they cannot gain assurance if they will prosper in the end or not.

[nullama]

~snip~
This question is simple because the answer is unequivocally YES but the answer has complex and deep meaning so let's get on it. Buying or trading bitcoin is an activity that considered as inherently risky. If you engage in that kind of activity you can consider yourself as a risk taker.  Why it is considered as inherently risky? It is because the outcome of buying bitcoion are probable not guaranteed meaning that we are not sure if we can make money. We are simply taking risk when we buy or trade bitcoin BUT it doesn't mean that we are correspondingly accepting the risk of buying bitcoin and that is the PROBLEM.

Most of the investors or traders are keep telling that they are taking risk because they bought a bitcoin, they did not accepted that buying bitcoin or trading bitcoin has a non guaranteed outcome. They just making hasty decision without making a plan and also accepting the possible consequences of their decision. Most of the investors and treaders are not yet knowledgeable enough because they have absolutely no concept of what it takes to be a risk taker. The best bitcoin investors and the best bitcoin traders have fully understand what it takes to be a risk taker wherein they learned to accept and embraced the risk.

There is a huge pychological gap between assuming that you are a risk taker because you bought bitcoin and fully accepting the risks inherent in each bitcoin that you bought. I created this thread because I see a lot of people who are having negative emotions like regret, hatred, sadness, fear, jelousy and many more emotions just because they lose money after they bought bitcoin. The lesson is the best bitcoin investor and trade doesn't resonate the slightest bit of emotional discomfort because they understand the game and they fully accepted and embrace the risk where they know that buying bitcoin are probable not guaranteed.

In 2009 it was a huge risk, but today it is already used as legal tender in El Salvador, and it's being used in large companies, so there's little risk really.

Bitcoin is not going anywhere. I would argue that it is more risky not getting some Bitcoin these days.

[xSkylarx]

I thought this would be an easy question to answer because things have risk, like even buying stuff that you need has risk, or like cause and effect, but when I say things like bitcoin or other things in business or any investment, I could say that it is another risk and a bigger one. I think if we say risk taker, there are two meanings: one is a small risk that needs to be decided on a daily basis, and the other is a big risk that makes us wealthy, earns us money, or like giving us a big impact in our lives. So if we say in bitcoin, I would say yes, we can be called risk takers.

[Seinlocko]

Not only buying bitcoin, but in business there will definitely be risks that must be faced. Because high risk always goes hand in hand with big results too. So don't be too surprised that a business that has great opportunities must have a high risk too. Likewise with bitcoin, bitcoin is indeed profitable, but behind that profit there is a large capital to buy it. The most important thing in any business is not to speculate, you have to find out first, and learn first, so you can minimize losses.

[Patrol69]

From my own experience investing in Bitcoin is undoubtedly risky. Because the accumulated resources are left in an online platform only for the purpose of earning some profit.  The digital currency is constantly fluctuating. And suddenly there are big changes in the market, ignoring these things, it is undoubtedly risky to leave your financial assets. But even if it's a risk, there's a lot of hope here. If you invest at the right time, you can earn good profits from here. From that hope, everyone may be willingly taking risks like this. There is no substitute for risk to succeed in cryptocurrency. But if you invest at the right time, the chances of profit are higher than the risk.

[bakasabo]

I might consider calling myself a risk taker (while I usually prefer not to risk or risk minimally) toward Bitcoin purchase. Back in 2017, without having much knowledge, without being familiar with DYOR, without knowing much about scam exchanges and etc, I have googled buy Bitcoin (I did this because I wanted to earn like others, who were talking about crypto), opened exchange page, uploaded docks for verification (shame on me) and bought Bitcoin via credit card and instantly exchange part of it for Ethereum. In 2023, I would not be so reckless and quick on making decisions.

[Hyphen(-)]

Not only buying bitcoin, but in business there will definitely be risks that must be faced. Because high risk always goes hand in hand with big results too. So don't be too surprised that a business that has great opportunities must have a high risk too. Likewise with bitcoin, bitcoin is indeed profitable, but behind that profit there is a large capital to buy it. The most important thing in any business is not to speculate, you have to find out first, and learn first, so you can minimize losses.

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.