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

[DeathAngel]

I think you are still considered a risk taker if you buy bitcoin but considerably less so than even a few years ago. The market has matured a lot since even 2017/18. There are lots of battle hardened HODLERS who don’t sell when dumb FUD breaks, even if it is government or regulatory in nature.

Bitcoin is still a risk on asset but as time goes on it may be that you are more of a risk taker to not hold a % of bitcoin in your diversified portfolio.

[1714627922]

1714627922

[1714627922]

1714627922

[Sayeds56]

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.

There is always a certain degree of risk associated with any kind of investment and  Bitcoin in not exception. However keeping in view its limited supply and historical track record of outsmarting all kind other class of assets investment in Bitcoin is comparatively less risky in my opinion but you should remain patient and hold your nerves when it gets extremely volatile and you might see value of your investment losing its value to the extent of 80% or more. Those who hold it for long term are likely to harvest huge benefits on their wise investment decision.

[AicecreaME]

Anything that you try for the first time because you want to see some results is consider a "risk", so yes, you're a risk taker.

But there are two kinds of risk taker, one is someone who knows what he's into, like he researched first everything before doing a certain thing, and the second one is someone who is impulsively jumping into something he doesn't know about, I mean he knows it but just because of seeing his friends getting profits from it so he instantly do the same thing without knowing the process.

[Z-tight]

Do you think volatility and the possibility Bitcoin will be banned in your country aren't risks? even though Bitcoin is decentralized, private, secure etc and that's make you think Bitcoin is really safe,

It will depend on the country, there are a few countries where BTC is totally banned, it is only a risk for the citizens of the country and not for the BTC network, if BTC is banned in ones country, surely it becomes risky to use BTC there.

you need to make sure you will not get heart attack if Bitcoin price suddenly drop 80% from it's ATH and you already prepare how to cashout your Bitcoin when your country declare Bitcoin is illegal.

For BTC's price to drop that much it has to be a big ban, which most likely would not happen, there are many countries that would declare BTC illegal today and the price would remain where it is, but if a big ban like the entire EU and U.S ban BTC totally, there would be a big dump in the price, but the network would surely continue to work, that is why BTC is safe and censorship resistant, the network cannot be stopped or controlled.

[Outhue]

I don't want to be tasked for not taking a risk.

I believe it's more riskier if you don't take any risk because you will pay for it, and your life will be miserable or unfulfilled if you fail to take risks.

With Bitcoin investment, it is automatically a risk because Bitcoin is a volatile digital asset, you need to learn how to safeguard your asset since you are now a bank of your own, you will do all the jobs that centralized banks do on customers' funds, and protect at all costs.

[Sanitough]

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.

If it means buying bitcoin is risk taking, then I myself is a risk taker too. But the good thing about bitcoin is the more you are aware of its risks and the bigger risk you take, the higher probability you will be more profitable. That’s why even if buying and hodling bitcoin is risky, there are still a lot of bitcoin enthusiasts who would love to embrace the risk and consider it as the means to become successful and profitable in the future.

[lovesmayfamilis]

You can observe desperate people who are disappointed in their investments when they are not educated in this area. In recent examples, someone lost their bitcoins from improper storage, but previously they were too hasty in buying, not understanding how to properly handle and store them. Another example is when a person expects a quick profit and regularly observes that his investments do not go uphill.
But those people who know that patience, proper storage, and an amount that is not vital for them when investing are unlikely to regret it. But with all this, of course, such people understand all the risks and are ready for them.

[kryptqnick]

I'm not sure why anyone would think that an investment can have guaranteed returns, unless it's something like a deposit account where you sign a contract with your bank, which can still turn out differently from what you expect, even though the risk is quite low. Since it's impossible to predict the future, people can only make more or less educated guesses, and thus investing in anything requires taking a risk. It can be Bitcoin, some other assets, starting your own business etc. I agree with the op that people should carefully consider the risks before taking a risk and that it can help avoid negative emotions in the future in case something doesn't work out.

[adzino]

I agree with you here. Buying bitcoin does make you a risk taker, but it's important to actually accept and embrace the risk. Without accepting risks, you can never invest or make any decent profit. There is no such thing as "0% risk investment". Though it's crazy how many people just jump in without understanding what they're getting into, and later they start crying because of the losses they face. They wouldn't have lost anything, if they knew about the volatility risk and never sold their coins. Keep in mind that the best investors and traders aren't fazed by losses/risk because they know it's all part of investments/business. If anyone wants to be successful in the crypto market, they should be aware of the ups and downs. As long as you are taking calculated risks, you will be fine.

[hyudien]

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.

Actually speaking of risk, we only need to consider people who have jumped into buying Bitcoin or investing early in Bitcoib. The question is will they regret it or will they benefit greatly from the initial purchase. So high risk is no longer a problem with Bitcoin. Because if the risk of volatility continues to increase but the fact is they regret not buying more when Bitcoin prices are cheap. For this reason, the durability of the long-term value offered by Bitcoin is guaranteed, I mean guaranteed over a long period of time. Investment assets that are now more than 1 decade of course become investor confidence.

Look at the evidence out there how many people have made fortunes and have even become billionaires for buying Bitcoin. Therefore, in my opinion, there is no more reason to consider. Buy if you believe and let the long-term process answer the doubts. Keep in mind that in the future we may not see a Bitcoin price below $30k.

[Yatsan]

Technically yes especially if you are aware of the risk and you still pushed yourself to engage into something. This is not limited to Bitcoin only but to all things; awareness and courage makes you a risk taker.

I think you are still considered a risk taker if you buy bitcoin but considerably less so than even a few years ago. The market has matured a lot since even 2017/18. There are lots of battle hardened HODLERS who don’t sell when dumb FUD breaks, even if it is government or regulatory in nature.

Bitcoin is still a risk on asset but as time goes on it may be that you are more of a risk taker to not hold a % of bitcoin in your diversified portfolio.

You would always be a risk taker in this industry, why? 'coz there's no certainty with the price movement. Indeed growth on its value is obvious but given that no one knows until when will its market price continue to increase, or the idea itself to where would its value be on the next months or years, simply shows the risk present in this industry. Choosing to continue investing means courage. Possible question right here is; when should you be courageous? Answer is once you are ready for the consequences. Perhaps in this industry, there will always be that risk of losing but why do we still continue? coz it is a promising investment and a useful mode of payment.

[DiMarxist]

Yes I considered myself as a risk, risk involved is in bitcoin investing I think if anyone wants to be successful he/she must engage himself into a particular risk factor that  An investment in bitcoin, no doubt is considered a risk would make him different.
And the best time of buying bitcoin is the time when the bear is still down so that when the price rises up to your satisfaction then you market it out and make your profit from it. That is why it is called investment. In the bitcoin holding world patient is the answer. If you not good endurance then you are not qualified to hold bitcoin. Bitcoin is not something rise up to the peak overnight.

[Aikidoka]

I consider myself a risk taker, although I wouldn't say it's a huge risk to invest in Bitcoin because most of us here know that its price will likely bring a profit sooner or later. With a large and supportive community, as well as whales controlling the market with massive amounts of Bitcoin, it's only a matter of time before there is a significant increase in price and therefore a huge profit. If timed correctly, buying Bitcoin at a low price could result in substantial profits. I would say that buying Bitcoin at its current price is a good idea, as I am confident that it has significant potential for price growth and could potentially go to the moon 

[Gianluca95]

Well it depends mainly on how much you invest here. Bitcoin it is considered as investment and so, you take some risks when you choice to invest on it. Also, it depends from your experience, if you're newbie here or not. My

suggest is always to learn as much as possible about Bitcoin and then decide if invest or not. And, remember, invest only what you can afford to lose 

[ElmedoRator]

That's right, buying Bitcoin can be considered risky. The cryptocurrency market is very volatile and the price of Bitcoin can also fluctuate wildly over a short period of time. This volatility can cause significant losses if you do not pay attention to risk management. Besides, the value of Bitcoin is not guaranteed by governments or major financial institutions, meaning it is not as secure as traditional currencies. Therefore, owning and investing in Bitcoin may be exposed to risks from unforeseen events, such as regulatory, security or market changes. To invest in Bitcoin safely and effectively, you should ensure that you have sufficient knowledge and understanding of the cryptocurrency market, especially Bitcoin, and carefully manage your risks with how to invest a small portion of your assets and diversify your portfolio.

[posi]

I don’t see any risks buying the Bitcoins. I have done pretty good research and hence spending my hard earned money on this digital asset Bitcoins. I know Bitcoins are limited, hence when the demand of the coin will increase, the price of the coin will go up to meet the demands. This usually happens when the supply is low and limited. So if you know the basics of economics and good at calculations and estimations, then definitely buying Bitcoins in your wallet won’t be a risky task. I would like to hear other people’s opinions on this.

Investing in anything is risky, and bitcoin is no exception. Because the future is unpredictable, we don't know what will happen to bitcoin. In addition, if comparing bitcoin with other asset classes, bitcoin is still very new and has not been widely recognized by countries, so investing in it will be riskier. But when we invest in it, we all want it to live and grow, so there's nothing wrong with you not seeing any risk in investing in bitcoin. That's called optimism, not proof that bitcoin is risk-free.

[Litzki1990]

Investing in crypto platforms is always risky. However, investing in these platforms is usually done by investors knowing that there is risk involved, and the sole purpose of taking the risk is to make a profit. But there is a degree of risk taking. I am explaining this to you. Suppose a wise investor with a good understanding of investing and observing the market well invested in Bitcoin when it was worth $10K. On the other hand, if a person who has no idea about investing only sees the volatility of the market and invests at the same time when the price of Bitcoin is $12K, then the person's money will be at the highest risk Of course the person who invests without researching the market. And this is the level of risk.

Investments are always very risky and sensitive because money is involved. So before taking a risk you must think about when you are taking the risk.

[KiaKia]

Investing in Bitcoin is as risky as investing in any digital assets, Bitcoin just proven to be the better one over others but still, there are many dangers lurking while holding Bitcoin, the fear of losing your coins to hackers and scammers can never be erased, you are to be very careful with what you do on your PC or with your wallet.

The future still remains uncertain for Bitcoin, as we don't know what will happen between this digital currency and the future regulation, all we can do is keep hoping that Bitcoin is leave alone to serve its purpose.

The existence of other altcoins is endangering the purpose of Bitcoin, from the story of the Luna crash and FTX, this is just making the less-understanding figures say shit about Bitcoin.

[Agbe]

I will not take myself as a risk take when I buy bitcoin, real businessman never accept risk but profit is the motivational element he has always. Those who are ready to invest in bitcoin is not for two or five months but for years. Then when you invest in it you have to remove your mind the there and focus on another thing you are doing. You can only check it once a month to see the appreciation and depreciation of the market. You can even focus on the trading side if you are trading. And your plan for the investment should be 5 years. So I didn't take bitcoin investment as a risk. Investing in bitcoin is risky when when you are not ready to take risk. Remember there is no business in the world is without risk but the management process is whole thing.

[AnonBitCoiner]

All online jobs and investment are more risky because they are a side jobs and it is reality that all those activities which enhances the profit have some amount of risk too. In investment there is no doubt about risk so if one decided to choose bitcoin then it means that he is ready for all type of risk related to this.

Some people think that BTC is not risky because they see just the profit which people get but the are not familiar with the risk. I think  each and everything possess some sort of risk and we cannot get rid of this but we can choose alternative ways and also we can use some strategies cope up with these risk.