Is Bitcoin really risky as they say?

[BIT-BENDER]

Right now and with how the crypto-currency market has developed into I won't consider Bitcoin risky, this is just my opinion. As we should know by now that every investment has its own risk and also rewards I would say Bitcoin has Little risks compared to other coin in the crypto space.

The adoption level of Bitcoin is continuously growing and the financial benefits Bitcoin has over the traditional financial system would keep it relevant for a very long time, I see a Bitcoin as a good futuristic plan .

[CryptoHeadlineNews]

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

Truly, Bitcoin is a volatile decentralized digital currency, and as such it's okay for people who have little or no knowledge about it to see it as a high-risk investment, but on the contrary, that doesn't mean people aren't investing in it and making good and reasonable profits out of it. So it's left for you to apply which strategy best applied for you, and by that I mean, Do you wish to own Bitcoin as a asset for long term investment? Or Do you intend to be a short term investor? Or a Day trader.. Because by having a goal, it will help else your stress of worrying whenever the price of Bitcoin fluctuates up or down movement.

[suzanne5223]

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

Every investment has its own risk but the risk aspect of Bitcoin investment can be avoided or corrected if have the standard knowledge about cryptocurrency investment and risk management.
Nevertheless, those who see BTC as a high-risk investment are those who lack the perfect understanding of how to use the DCA strategy and 4-year cycle momentum to make a profit from their investment in BTC.

[Saint-loup]

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

From which country are you precisely bro? Bitcoin was above 65k$ less than 2years ago, now it is only worth 25k$, that's a -60% drop in USD, which money has lost 60% of its value in dollar during the last 2 years? Bitcoin is a highly volatile and then risky asset that's a fact, every serious trader or people working in finance will tell it to you. And even here serious guys always advice newcomers to only invest what they can afford to lose, nobody would tell that to someone about to invest money in gold.

[JunaidAzizi]

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.

Bitcoin is highly risky as it's a new and volatile asset class and difficult to appreciate to continue its value because of its price which can fluctuate widely. My belief is that bitcoin has high potential and returns a healthy reward but in your case whether or not bitcoin is a good investment is to see your risk tolerance, If you love to take risks and invest in bitcoin then do it but if you do not then skip it and do your investment on some other places where the risk would low because its highly volatile and have no guaranty of going up or down.

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 am very glad to see that you learned a lot of things from Bitcoin Talk and now you have more knowledge about Bitcoin when and how to buy, I am not sure this is the only potential forum where users take the most benefits from here, I hope you will continue your learning here and also give your knowledge and experience to other newbies and beginners. 

[Coyster]

Being your own bank is somewhat risky and it requires quite a lot of responsibility, Bitcoin is risky because not everyone can safeguard the keys to their funds, this is a reason why quite a lot of people shy away from Bitcoin, they want the responsibility of their money to remain with the banks because they cannot handle that responsibility.

Having said that, Bitcoin as an investment has the risk of volatility, but the risk of Bitcoin as a currency is what i just wrote above, Bitcoin transactions are irreversible, so people know that if their Bitcoins gets lost, they cannot get it back, and this is part of the risk of being your own bank, if we agree that Bitcoin was created most importantly as a currency, this is the risk that its users have to bear.

[Kodec5]

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.

Can you please make an emphasy on why it is false?

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.
[/quote]

I will work on it, but I think most persons understood what I meant

[Kodec5]

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)

Thanks brother, I would love to learn more

[Kodec5]

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.

Absolutely... I keep on learning everyday

[BlackHatCoiner]

Yes. You might have your capital devalued by 10% next week. Shit happens in the Bitcoin world, and you have to get used to it. And the fluctuations really define the risk. In the stocks world, if a company loses 5%, investors get crazy. If that happens on Bitcoin, we're happy it didn't go worse.

If you're here for the long-term though, then in my opinion it's safe. Because of history. But is my opinion really worth anything? The hard truth is that no person knows the future of Bitcoin, and anyone who says otherwise is either a billionaire with inside information, or an arrogant who hopes to get retired 20 years sooner.

[ololajulo]

I find it difficult to grasp the concerns surrounding Bitcoin's risk compared to other assets. If you have a deep understanding of its four-year cycle and can effectively navigate both bear and bull markets to maximize profits, you can effectively manage the associated risks. No other asset class offers such a well-defined and predictable cycle to plan for and mitigate risks.

[Odusko]

Truth be told, everything in life is all about risk and Bitcoin is not an exception to that fact, and More importantly, since Bitcoin is a volatile asset, its risk becomes higher than every other asset in its category, and most of Bitcoin investors are already aware of the risk associated with Bitcoin and that is why we already have a long term goal towards bitcoin in other to be able to properly analyze and take a position with the market.

[nurilham]

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

Investing in crypto is high risk, including in Bitcoin. We accept it or not but the fact that the volatility is very high. People who have lack knowledge about Bitcoin and don't understand how to invest in Bitcoin properly, will face a big challenge on dealing with the price volatility. However, since we understand the price history of Bitcoin and understand the bearish-bullish time, investing in Bitcoin isn't very risky because we know when the right time for entry (buy) and when the right time for exit (sell). So, I think it is true that Bitcoin is high risk, but we can deal with the risk.

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.

It means you accept the fact that Bitcoin investment is risky. But the level of risk on Bitcoin investment and Altcoin investment are different. So, people don't lie if they stated "Bitcoin investment is risky".

[Asuspawer09]

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

It is risky just because of the volatile market price, I mean yes you could easily invest in it and probably hold your Bitcoin in the long term but is it guaranteed that the market price is going to skyrocket and we are going to make a lot of money on the Bullrun? cryptocurrency does not really have any proof that it is something you could use as an investment compared to the stock market where you are investing in company stocks, the market would depend on the company value or something like that. But cryptocurrency value is just going to depend on supply and demand in the market, meaning we could easily lose a big amount of money here in the cryptocurrency market even though we know. or do we believe that the market price is going to go back or increase again? do we really know that? I mean market price could drop as low as possible because this is cryptocurrency, The Bitcoin market price could be 100$ tomorrow if something bad happens. That is why it is a risk.

[freedomgo]

I would definitely not to argue with that, bitcoin is really risky. But if you certainly know how to take risk management and know when to take an edge over bitcoin, then you can easily lessen its risk and maximize its potentials within. Bitcoin is risky and yet its the most profitable and reliable cryptocurrency in the market. If you are fearful with its risks, you will never  be brave enough to have and own bitcoin for yourself.

[Mr.suevie]

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

Every investment has its own risk but the risk aspect of Bitcoin investment can be avoided or corrected if have the standard knowledge about cryptocurrency investment and risk management.
Nevertheless, those who see BTC as a high-risk investment are those who lack the perfect understanding of how to use the DCA strategy and 4-year cycle momentum to make a profit from their investment in BTC.

I think the particular set of individuals that bitcoin investment becomes risky for them are the ones that don't actually hoard or hold their coins for long and by that I mean the short term holders and traders who prefer trading and getting off some little profits to their portfolio instead of steadily buying and holding for bitcoin price to actually get high. And also bitcoin investment becomes really risky when you lack proper knowledge of the basic concept of the technology behind it too.

[lalabotax]

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.

Basically, Bitcoin is not a risk, but it is our ways in doing business with Bitcoin that can cause the risk to exist, maybe even higher. This is the same as other things, such as business or other jobs, everything must contain risks. And how we prepare it, implement it, and evaluate it will affect how big the risk is for us.

If we really understand Bitcoin and invest in Bitcoin for the long term, and know the target and when is the right time to buy and then sell, then this will reduce the risk, compared to if we just do it based on desire alone without any thorough preparation. . But that doesn't mean it's zero risk. Because after all, this is a digital world. It could be that something happens to our wallet or we lose various data or devices that connect us with our assets. This is also a risk. But of course, we can act to minimize this risk by being more careful and keeping several backups just in case.

[Viscore]

Yes, there’s no doubt that it’s risky. And the moment you decide to invest in it without knowledge but only greed, you will increase its risk and you will obviously fall from its trap of losing. A lot of people invest and lose, and decide to quit it for good because they can never overcome and manage the risks. While others have been very lucky with their bitcoin investments, simply because they did a good preparation before they start taking the risk.

[KingsDen]

Bitcoin is a risky investment. But the level of risk is not as high as many people may portray it to be. There is a particular time that the price of Bitcoin will be as stable as because it is consolidating but there's also a particular time within few minutes the price will skyrocket or the price would depreciate so much. So this is where the high riskness comes in. It is better that people are warned and exaggerated to than for them to treat it like nothing.
Which kind is risky and that is why it is advised to use a word" invest with what you can afford to lose. This is the best you can follow to be safe in the market.

[Lida93]

Op I'll start by saying if you think bitcoin is highly risky then you should try shitcoins. And moreover how does having an asset that gives you greater control and power of self custody  over it can be referred to as higher risk?

Acquire the right knowledge towards bitcoin and invest in a way convenient for you. If you're not a good trader stay away from trading and go for a long term holding with your portfolio. It sucks when people that aren't good traders decides to swim in trading because of the quick profits that they heard can be gained from trading  only to blow their account and starts complaining of how highly risky bitcoin is, stead of owning their mistake of following the wrong approach with their portfolio they blame it on bitcoin.