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

[cheezcarls]

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.

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[RapTarX]

so for me (hoarding since 2012 and have no desire to cash out any time soon) i dont feel im at risk at all. even though there is a small chance(risk) that devs completely break bitcoin one day

Great to know that you are hoarding since 2012; haven't you ever sold any Bitcoin? Legend!
Why do you think DEV will break Bitcoin completely one day? What are you pointing to here? I'm a little aware of your argument here though I have never checked them thoroughly. Should it be the same as satoshi left us? I guess no; otherwise, there will be a lot of lacking to be accepted worldwide.

Do you think volatility and the possibility Bitcoin will be banned in your country aren't risks?

Banning Bitcoin in a country isn't anymore something which will affect the market unless they are some developed country where Bitcoin is used the most but that's not gonna happen in a developed country.

[Getmon]

Bitcoin is more volatile than any other legitimate investment. You do not have to worry about losing eighty percent of your money when you invest in mutual funds offered by firms. You can purchase a parcel of land, jewelry, valuable stones, and money from another nation that is believed to perform better compared to your own money. You are regarded as taking on more risk if you choose bitcoin over them or include it on your investment list.

[mvdheuvel1983]

You are already a risk taker the moment you thought of buying bitcoin or trading bitcoin.
Any transaction that involves  you buying and selling is risky. You may buy but finds it hard to sell or sell below what you buy with rather than making profit you will be loosing.
Someone who invests in bitcoin or trades bitcoin is a risk taker in the sense that he might sell during bear market and he is at lost and in bitcoin no one knows when the bear market will will occure.

[freedomgo]

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.

Well, the OP's question depends on the investor. The types for this case, first is the type of investor who seeks information first and tries to understand the basics before he/she proceeds and second is the type of investor who doesn't know the risks entailed with investing towards cryptocurrencies as he/she are just into it because of the hype or sees someone who got their lives comfortable because of it.

But if the investor truly knows what cryptocurrency is about and what it can do, and proceeds with it, surely that specific investor is a risk taker. But, if that same investor is the 2nd type, certainly that's not a risk taker because he/she doesn't know the risks in the first place.

[imamusma]

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If you remember this disclaimer then I believe every trader is risk taker.
Every trader and investor must understand what the risks of trading and investing are, and of course it is very complex rather than just about price volatility. Security, legal risks are some of the other risks that every trader and investor may have considered.

Digital Asset trading is subject to high market risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and any returns can go down as well as up, and you may not get back the amount you had invested. Source.

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.

I understand what your goal is, and of course many people fail to understand good management when they have become traders and investors.

In addition to budged management, so I think it's always important to have emotion management and risk management. This will help traders and investors in carrying out this financially risky activity, but there are always many people who fail.

[Pandu Geddon]

I will take the risk. and that's the truth. not only when you buy Bitcoin, but any asset you buy comes with a risk. and that is why exchange platforms are campaigning that Bitcoin and cryptocurrencies are potentially risky digital assets. but it all depends on how we manage the risk of the assets we have.
all assets are at risk, if you don't want to take risks then don't invest.

[Ronsbit]

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.

OP to be frank with you, life itself is all about risk and there is a sayings that says " it is risky not to take risk"  I see myself as a risk taker because there is nothing one ventures into today that has no risk involved. It is either you take the risk or you remain at your comfort zone while others be ahead of you. Taking the bold step to buying bitcoin does not literally means that bitcoin itself is risky but you should know that there are factors that impede the market growth which results to the back and forth in the market trend.

[Russlenat]

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.

I would agree with this. Bitcoin is highly volatile so everything with it is uncertain. And those who still manage to take the risk are definitely called the risk takers, including myself. However, if you invest with bitcoin will a minimal amount, you are somehow reducing its risk, especially if you come to invest with equipped knowledge and skills, that is risk management.

[TribalBob]

of course it is, because before buying btc we already know the risks that will be obtained after buying, but it takes confidence in holding btc sometimes it is difficult to achieve our main goal of targeting btc values to let go of taking profits. but  only strong people can achieve all of that, and I mean in the category of people who can't hold my btc long term

[serjent05]

Once a person spends money to have an investment, that is already called taking a risk.  It is no different in buying and investing in Bitcoin.  Anyone, including myself can be considered risk taker when we buy Bitcoin because buying bitcoin is accompanied by risk due to its volatility and regulatory condition.

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.

I would agree with this. Bitcoin is highly volatile so everything with it is uncertain. And those who still manage to take the risk are definitely called the risk takers, including myself. However, if you invest with bitcoin will a minimal amount, you are somehow reducing its risk, especially if you come to invest with equipped knowledge and skills, that is risk management.

Still there is a risk even if it is minimal.  Aside from that, other people who are literate in economic and financial industry often makes plan for risk management where they can eliminate to minimize risk by doing some preventive measures and securing their target investment.

[Blurr007]

And one thing i have come to noticed is that " Most people buying bitcoin and other crypto currency, just want to see an increase in price in months/years to come".

These set of people don't even make proper research before buying, they don't get current info after buying, all they want to see is the accumulation in price of their Coin been bought.

[Fivestar4everMVP]

Very well said Op, and looks like Franky1 was seeing right through me when he was typing the comment he posted..

Indeed, every thing in life is risky, the question is, what is the risk level?

Imagine going to bed to sleep, we've seen people who were not sick, go to bed and slept, and died in their sleep, but still, we that are alive have not stopped sleeping for the fear of dying in our sleep, even though we know not what will happen, whether we will wake up or not, we still go to bed and sleep when sleep calls.

Or should I use the motor car as an example, for many of us, we've lost friends, relatives, well wishers, even enemies to car accidents, yet, this has not deterred us or people from buying and driving cars, Infact, for many of us, we pray day and night for blessings, that we may buy the car of our dream, not knowing whether that car will be the means through which we will die.

So everything, good or bad, has some level of risk, some have died while eating because the food or water choked them.

Simply put now, buying, holding bitcoin is risky, same way also fiat is risky to hold, like I said earlier, everything resolved around risk, be it good or bad, the question is, what is the risk level..?

[PX-Z]

However, if you invest with bitcoin will a minimal amount, you are somehow reducing its risk, especially if you come to invest with equipped knowledge and skills, that is risk management.

Still there is a risk even if it is minimal.  Aside from that, other people who are literate in economic and financial industry often makes plan for risk management where they can eliminate to minimize risk by doing some preventive measures and securing their target investment.

Right? Regardless the invested amount, anyone who invest can be called risk taker. If the question is what kind of risk taker you are since there is called a risk tolerance where an investor can be called aggressive, moderate and conservative.

[Sayeds56]

And one thing i have come to noticed is that " Most people buying bitcoin and other crypto currency, just want to see an increase in price in months/years to come".

These set of people don't even make proper research before buying, they don't get current info after buying, all they want to see is the accumulation in price of their Coin been bought.

It is true that there are many people who buy Bitcoin only because they hear a lot about its potential price increase,  from their friends and on social media, however even such investors are likely to make good profit if they buy in bear market and continue accumulating it on every major dip and wait for the return of bull cycle when their investment decision will reward them with huge benefits.

[Inwestour]

It is true there are many people who buy Bitcoin only because they hear a lot about its potential price increase,  from their friends and on social media, however even such investors are likely to make good profit if they buy in bear market and continue accumulating it on every major dip and wait for the return of bull cycle when their investment decision will reward them with huge benefits.

It will not be enough just to hear somewhere that bitcoin is constantly growing in price. To benefit from investing in bitcoin, you need to understand the asset, when to buy it, then do not sell if the price starts to fall after the purchase, in addition, this fall can be very significant 30% or even more.

To do this, you should study bitcoin well, since only conscious investments can bring profit, because there will be a lot of psychological pressure, especially on inexperienced investors. The market works in such a way that profits will be received by those who are able to assess all possible risks, those who understand what they are doing and believe in the asset in which they invest, without this it will not be possible to get a good result.

[ektotanes]

Any investment is a risk, one way or another. For some reason, I'm sure that by investing in bitcoin I'm risking less than if I did not invest in it and kept only fiat money.

You know what they say nothing ventured, nothing gained.

[Supreemo]

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.

[Baoo]

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.

Exactly, and for me taking planned risks is essential to fulfill ambitions and goals. Otherwise, buying Bitcoin is always safe unless your investment target is short term due to the current situation of market is dramatically volatile. And to be honest, it's not easy to predcit correctly the next prices of Bitcoin in the near future, anything is possible to happen in crypto era, we might see a sudden bull or bear run a soon as possible.

In fact, it would be safer and better if you set a plenty of plans ,make goals and work on them until you achieve your aim and always be prepared for upcoming events and expect the unexpected. We hope everything is going to change in a positive way. Let's keep HODLING until BTC reaches ATH again.

[salad daging]

It will not be enough just to hear somewhere that bitcoin is constantly growing in price. To benefit from investing in bitcoin, you need to understand the asset, when to buy it, then do not sell if the price starts to fall after the purchase, in addition, this fall can be very significant 30% or even more.

To do this, you should study bitcoin well, since only conscious investments can bring profit, because there will be a lot of psychological pressure, especially on inexperienced investors. The market works in such a way that profits will be received by those who are able to assess all possible risks, those who understand what they are doing and believe in the asset in which they invest, without this it will not be possible to get a good result.

Obviously in some media we often hear how the potential for bitcoin will increase in the future but that's not enough. We have to have fundamentals if we want to start investing in bitcoin and do good management and always anticipate not to panic or get nervous when the price drops.

It's true that we have to know what we are doing with the investment and don't just follow people who do it while we ourselves don't know how bitcoin works in the market, including falling prices which are called crashes or bearish, often they only think about profits and forget about risks what happened later, I know that investing in bitcoin is indeed good with high profits, but we must know from everything that is said that it is not easy, and they must know if they want to take this step.