Is Bitcoin really risky as they say?

[Kodec5]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.

I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.

In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

[Fiatless]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

If they say Bitcoin is risky, you can ask them which investment has no risks. People with no knowledge about the sector will always spread lies or rumors. In most cases people don't know the difference between Bitcoin and altcoins they assume that cryptos are the same. Just like every other business, investing in Bitcoin has some level of risk. That is why it is important to invest only what you can live without or what you can bear if there is any loss.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

The easiest way of avoiding scams is to invest only in Bitcoin, use an open-sourced noncustodial wallet and keep your keys and password safe.

[Don Pedro Dinero]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

Bitcoin can be understood from different angles on how it will become beneficial to one.

True, but it's nothing people don't already know.

Either as a store of value(So as to avoid taxes), Investment or means of payment.

Here we can apply the same as before, adding that what I have put in bold is false.

I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.

You can also invest without a 'teacher'.

In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

Check your grammar and your English. It is not clear what you are saying and it is badly written.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

I'm glad the forum has helped you so much. Now I hope it will continue to help you improve your English and express yourself better.

[Jawhead999]

Avoiding taxes isn't easy as you think, remember when we're talk about avoiding tax, we're talk about big sum of money. If you said converting small amount of money through P2P is avoiding tax, it's not because small amount of money isn't even get taxed (though depends on each country laws).

Bitcoin is really risky if you use money that you can't hold for long term and still think centralization is better or can be trusted.

[Winterfrost]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.

I get it when people say this about other cryptocurrencies, but Bitcoin (BTC) is like the pioneer of all cryptocurrencies, and I don't see it as a gamble anymore.

The only concerns and issues come from the cryptocurrency exchanges, where you're never quite sure if you'll get your money back or not. But Bitcoin itself isn't really that risky.

[Cantsay]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

All investments are risky depending on how you get into them, some have the mindset that bitcoin can make them rich overnight while other like the bitcoin maximalist that knows what bitcoin truly holds haven been able to get rid of that mindset and if you check online those that still thinks that bitcoin investment is not worth it or still call a scam or honey pot are those that came into the ecosystem thinking that once they purchase a certain amount of bitcoin they would be rich in the next few days probably after they watch some random YouTube video calculating their weekly profits from just holding bitcoin without them fully understanding how the market works.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

Aside the forum providing you with rich, detailed and simplified information about bitcoin you can still learn about security and privacy here as well, and as you it has helped you so also it has helped thousands others of forum members.

[Zaguru12]

I get it when people say this about other cryptocurrencies, but Bitcoin (BTC) is like the pioneer of all cryptocurrencies, and I don't see it as a gamble anymore.

The only concerns and issues come from the cryptocurrency exchanges, where you're never quite sure if you'll get your money back or not. But Bitcoin itself isn't really that risky.

Logically if you look at the way the fiat devaluates you will agree that bitcoin isn’t at all risky. But looking at its volatility ratio in a short term then we can consider it been risky. A clear example is the fact when you invest a certain amount or bought it at certain price there could be a period that the price might fall due to volatility for close to 4 months without heading back to the initial price, so the risk here is once you invest an amount you needed within that period you will certainly be getting it out at a loss which most people refer to as the risk.

Another thing could be the risk act of how you store your coins, in fact the self custodian ownership method is a huge risk to careless people. So I would say bitcoin protocol itself is less risky if managed well just like the fiat in your bank account

[dzungmobile]

I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.

If you have Internet, you can search and find good free resources to learn about Bitcoin.

https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information.html
https://bitcoincleanup.com/
Mastering Bitcoin book
Bitcoin for beginners (Youtube)

[pooya87]

Bitcoin is a peer-to-peer electronic cash system, and as that there is absolutely no risk in it whatsoever. The problem is that some people like to treat bitcoin as something it is not, an investment. As an investment and because bitcoin price is volatile, obviously there are certain risks involved.

Even with the false definition as an investment, whether we can call it risky or not depends on the situation and what you do. For example during a bull run the risks are a lot lower compared to the sideways market where things are uncertain.
It also depends on what money you are investing. For example if you are borrowing money (or generally money that you can't afford to lose) to invest in bitcoin, then the risks are extremely high.

[Who is John Galt?]

Knowledge is wealth

Of course, Bitcoin is risky. And, despite the fact that the above correctly said that risk is everywhere, it is necessary and important to understand what risks are associated with Bitcoin in order to try to avoid them.

Those who do not understand how risky volatility is, they lose by buying at the peak and selling at the very bottom.

Those who do not understand how risky it is to store their bitcoins in accounts of custodial centralized services lose them when the services go bankrupt or refuse to withdraw bitcoins for spurious reasons.

Those who do not understand the risks of a closed code are faced with the fact that bitcoins are stolen directly from the wallet like Atomic Wallet.

Those who do not understand the risks of compromising a private key lose bitcoins.

Bitcoin is risky, and understanding risks is important to be able to protect yourself from them.

[lovesmayfamilis]

People tend to deny what they don't understand. Therefore, it should not be surprising that many will talk about Bitcoin as a risky asset. But as mentioned above, if you manage your funds properly, then investing in Bitcoin, the amount that is not needed for a certain time, carries almost no risk, since history shows that Bitcoin has always recovered its price and even exceeded it.
But, OP, I'm happy for you that you've gained some knowledge. I would like to hope that you do not lose your vigilance.
Because everything is in your hands.

[ImThour]

Depends on how much you are invested with. If your monthly income is $5,000. You should not invest more than 10% of that in Crypto or any given asset. That's atleast what I recommend and if you are following that, nothing is really risky. And on the terms of risk, Bitcoin is much safer as compared to other shitcoins that exists in the Crypto market and on smaller exchanges which promises 1000% APY and things like that. You need to stay away from those.

[jrrsparkles]

OP is totally talking about the investment perspective so let's keep how bitcoin works and decentralization apart.

Now the answer to your question is yes, it's highly risky depending on the highly volatile nature of Bitcoin, You can't compare it with other assets even though there are other speculative assets out there there is a huge difference in the returns in Bitcoin compare to stock or whatever so from that PoV bitcoin is highly safer choice for long term investment.

Another reason why people call it risky is because they don't really understand what is bitcoin and they just repeat what media and influencers propagate it, now The good thing is that bitcoin is gradually reaching the stage where governments or individual can't take their eyes out in the growth of bitcoin is very short term compared to traditional investments.

So it's just a generational gap difference which means in the future when people understand the potential they surely will regret the missed opportunity such as now so as a forerunner grab the opportunity as much as you can by accumulating bitcoins in your investment portfolio.
 

[Mate2237]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

I also disagree with the fact that bitcoin is being risk. Bitcoin is not risky but the term of investment will tell you the risky level of bitcoin. When you are investing in a long term investment then there is nothing to worry about but when you use short term investment then the probably of losing bitcoin is there. And best way to go about bitcoin investment is long term and not the short term.

Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.

The two major ways people use bitcoin are the investment and trading, with these two ways one can make profit from bitcoin. Avoiding tax is not really a good idea. Though you will not pay tax but it might be through the exchange or mining fee.

In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

As I said, bitcoin is not risk as others are saying it, but your investment plan determine the risk and not risk.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

Yes forum as help many people in the world.

[Pandu Geddon]

In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

However, each investment asset has its own risks. and this risk can be reduced with our knowledge and skills. people have to say Bitcoin is a risky asset, but it helps newbies to be careful when putting their money into Bitcoin. not scare, because if they are interested in investing, they will be looking for more information about Bitcoin and how to overcome the risks.

Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.

you face one of the risks that come not from the market or from the assets you own. You can also create risks yourself. stay careful and you learn with your experience. Hopefully, all of this helps you in developing your understanding regarding anything related to Bitcoin and your investment assets.

[m2017]

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

There will always be opposing points of view. Compared to the traditional stock market, bitcoin looks risky. This is a conservative opinion. For progressives, bitcoin doesn't look all that risky, because the stock market also carries considerable risks, and btc represents innovation. It all depends on what angle you look at it all from.

Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.

First of all, bitcoin avoids not taxes, but inflation.

Or as a tool that gives financial freedom and independence. Or even to commit illegal actions (we will not deny that btc is sometimes used for these purposes - like any other currency). Everyone uses it in their own way.

I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.

Everyone should become his own teacher in this.

In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

This forum has played an important role (and will continue to play) for many people.

I would say that knowledge allows you to create wealth.

[isaac_clarke22]

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This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth

Well not "most" people since there are different risk tolerance by people. Some have their bars set too low, some are too high depending on their financial capability. If you're like living the dream like Musk, you might not see it that risky that much since you pretty much have plenty of money in your stash and encountering losses shouldn't prove that much of a problem to you.

Just do your research first before you take anyone's advice in here (how ironic that I am giving advice as well ). Everyone in the internet can say anything they wanted,

[tvplus006]

...This forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.

As a rule, when a person believes that he has fully figured out any issue and is a master of his craft, he makes a fatal mistake, as a result of which he loses his money. So it is necessary to continue to maintain the highest level of security so that your earned money is safe.

[BitcoinPanther]

Every investment has their own risk.  Bitcoin due to high volatility is considered risky by many people but little that they know that there is a trick to minimize the risk in Bitcoin investment.  It is not a secret that holding is the best way to mitigate risk.  One proof is by looking at the price history. If we zoom out the price chart, Bitcoin is still in the green zone except for those who invest in the amount above the current price but, Bitcoin history also shows that Bitcoin in every 4 year cycle tend to break it all time high.  This means with enough patience and trust to Bitcoin market investor can hit their target selling price.

[Japinat]

The only reason why bitcoin becomes risky is when you are trying to own or achieve it without the basic knowledge about bitcoin. You could have end up losing your money through scams or just by simply buying and selling at a very wrong timing, or when the market is not having a good market entry. However, if you acquire knowledge the you need before buying or investing into bitcoin, you could have done it with caution so won’t fall into its high risk of losing.