Is Bitcoin really risky as they say?

[Sexylizzy2813]

Bitcoin investment needs so much time and patience before you can be able to achieve something positive from it. Sometimes people don't really know how to relate with what they don't know, instead of asking for help or guidance they rather rush into it just because they've seen other people making profit from it. Nothing good comes easy. I still believe that everything we as humans engage in has to do with a lot of risk before we get to our goal.

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[pixie85]

However, for me, I believe Bitcoin is really risky but the weight of risk depends on how much you are capable enough to manage its risk. But I have to agree with you that if bitcoin is risky, altcoins are even riskier as they are. With their pump and dump scheme, at the end of the day what we see is that most of them have turned into dead coins except for those who have established their credibility on the market.

Bitcoin and altcoins are two completely different things. People only look at the protocols, blockchain, rewards, transaction speed, but they forget that bitcoin is the only crypto without a company or a real person behind it. Vitalik is dumping his ETH on investors which is why if you biu ETH or ADA or XRP you finance the company that launched it.

Bitcoin is something that you own 100% without any interference.

That's why bitcoin isn't risky at all. In the long run it goes up and if run scared every time it drops by 5% maybe you shouldn't buy it.

[Rengga Jati]

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.

Every investment will definitely have risks. How big the risk is will depend on the individual doing it. Bitcoin can be both high and low risk. Yes, once again, how you prepare yourself to invest in Bitcoin, how you run it, and how you enter and exit, will also have an effect on Bitcoin. Not only that, what is your mental condition and mental readiness to invest will also influence how high the risk is.

If you enter Bitcoin without any preparation in terms of knowledge, finances and also mentally, it means you don't understand Bitcoin, which means it will be really high risk for you. However, when you are ready from various aspects, it will be lower risks. but still, there will be no zero-risk investment, whatever it is, not only Bitcoin, but all investments.

[Odusko]

Bitcoin in itself doesn't possess any risk if you are going to be holding Bitcoin for a long period let's say you are prepared to hold your Bitcoin for 5 years it must increase in its value, but if you are looking for quick profits and bug returns profits it then you may fall for scams that will end up taking your money on the long run.
Many of those who see bitcoin as highly risky are because of their lack of knowledge of what bitcoin is and how to manage themselves around it because Bitcoin in itself is self-sufficient enough and will produce a lot of potential results in the long run.

[Y3shot]

Bitcoin in itself doesn't possess any risk if you are going to be holding Bitcoin for a long period let's say you are prepared to hold your Bitcoin for 5 years it must increase in its value, but if you are looking for quick profits and bug returns profits it then you may fall for scams that will end up taking your money on the long run.
Many of those who see bitcoin as highly risky are because of their lack of knowledge of what bitcoin is and how to manage themselves around it because Bitcoin in itself is self-sufficient enough and will produce a lot of potential results in the long run.

Investing in Bitcoin is all about preparation to hodl for a long time to make profit,  when their is no preparation to hodl this is when bitcoin becomes very risky. When investors decides to hodl their bitcoin for a long time they are  not risking because they definitely know what they will gain from hodling. Risk taking is something that is uncertain about, that one is not sure what will be the end result of it. But for those who really know bitcoin they don't think of any risk because they are doing the right thing that they are sure of it will be profitable at the end of the investment.

[Z390]

Bitcoin is risky if you don't know how to keep your wallet safe from bad actors, bitcoin is risky if you are the type that's like freebies if you are the type that like free offers online  it is possible that you will fall victim to scam and lost all your Bitcoin.

The truth is if you lost your bitcoin it is not the fault of the technology, it is your responsibility to make sure that nobody gets to your bitcoin wallet private key, it's meant to be private and that's why it starts with Private, I have been investing in Bitcoin for a very long time and I have also lost some Bitcoin in the process due to my lack of knowledge and till this day I have never for once feel like bitcoin is the problem.

It is those people that don't want to take responsibility in life that always feel like bitcoin is the problem, those type of people hardly do the right things in their life, they are the type of people that will never accept that they are the ones that make mistakes, and they will find someone else to put their blames on, the world is full of such people.

Bitcoin is not risky, people who lacks the understanding about Bitcoin are the one that falsely put the blame on Bitcoin, they sell when they should have bought, and they buy when they should be selling, they also call Bitcoin a scam because they don't understand it.

[Yamifoud]

Bitcoin in itself doesn't possess any risk if you are going to be holding Bitcoin for a long period let's say you are prepared to hold your Bitcoin for 5 years it must increase in its value, but if you are looking for quick profits and bug returns profits it then you may fall for scams that will end up taking your money on the long run.
Many of those who see bitcoin as highly risky are because of their lack of knowledge of what bitcoin is and how to manage themselves around it because Bitcoin in itself is self-sufficient enough and will produce a lot of potential results in the long run.

It is risky based on many reasons:
 - prone to hacking - this is one reason why people are afraid to hold their Bitcoin
 - volatility/unpredictable price - it means though we believe that Bitcoin price will rise, we are still not sure 100% if that really comes. \
 - use of scam sites/exchanges - we can lose our money anytime if not use reputable and legit sites

Ever since Bitcoin has been known for its high risk but it is manageable if we can deal with it right and really have faith. And most of all, if we have deep knowledge about this.

[Usasauki2004]

A risk taker is a money maker. Bitcoin tends to be risky in all ramifications either you holding (using trusted and secured wallets with strong password in order to avoid penetration by other parties) or trading (which entails the use of technicals analysis, price action and indicators). But the risk can be minimise if you are loaded with the appropriate information (knowledgeable and experienced).

In a nutshell, if you are knowledgeable about bitcoin no matter how risky it is, you can always navigate your way out which will at last be advantageous to you.

[Sexylizzy2813]

A risk taker is a money maker. Bitcoin tends to be risky in all ramifications either you holding (using trusted and secured wallets with strong password in order to avoid penetration by other parties) or trading (which entails the use of technicals analysis, price action and indicators). But the risk can be minimise if you are loaded with the appropriate information (knowledgeable and experienced).

In a nutshell, if you are knowledgeable about bitcoin no matter how risky it is, you can always navigate your way out which will at last be advantageous to you.

I really agree with what you said "a risk taker is a money maker" but don't forget about those who have the mind of taking risk but still on the losing side, when we take risk we also have to consider luck to be on our side because I don't see someone taking risk and doesn't have that luck with him/her.
And we can never minimize the risk involved in any crypto business, crypto is open to risk, it has to be there. That risk alone makes us to always be on guide should in case anything happens. And the informations we gather sometimes are the ones that put us into higher risk that we're trying to avoid.

[barisbilgili]

A risk taker is a money maker. Bitcoin tends to be risky in all ramifications either you holding (using trusted and secured wallets with strong password in order to avoid penetration by other parties) or trading (which entails the use of technicals analysis, price action and indicators). But the risk can be minimise if you are loaded with the appropriate information (knowledgeable and experienced).

In a nutshell, if you are knowledgeable about bitcoin no matter how risky it is, you can always navigate your way out which will at last be advantageous to you.

Yes, you are right, to be able to minimize the risks we face, we must have good knowledge about Bitcoin so that we can still handle it if something happens that we don't want, but in my opinion, behind all the risks we face, of course we can make profits as we hope. So before we start with a large amount of investment, we need to get used to small amounts so that we can understand it well and then try with whatever amount we want.

[HajiBagi]

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.

You are correct, I believe, when you said that putting all of your money into bitcoin is like gambling on a subject you don't really understand. However, because bitcoin enables people to save money for the future, you should invest for a long time and sell your coins when the price increases to make a profit. However, you should always keep in mind that even when starting a business, it is not recommended to invest all of your money in it so that you won't encounter difficulties if the business did not succeed. In the same way, investing in bitcoin works similarly; before you do so, make sure you keep in mind that it is an investment and not something you buy and then sell the following day.

The most crucial thing for every person to do is to educate themselves about bitcoin before investing. You will hear a lot of people say that there is risk involved with it or that you should research it before getting involved, and those people are right because they have firsthand knowledge. They also want you to understand before you invest so that, if anything goes wrong after you do, you won't start spreading false information about it to other people. Since many individuals already understand how to manage bitcoin and how to profit from investments in it, despite the fact that certain people will always be opposed to it, many people are still interested in it.

[Gallar]

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

Bitcoin does have risks and saying bitcoin has no risks is a wrong opinion. However, if it is said that Bitcoin has a very big risk, to be honest I also don't agree with that opinion. Because even though Bitcoin does have risks, these risks are very minimal and not too big. Especially if before buying bitcoin, study all the knowledge well first. That way I am sure the risk of buying bitcoin will be very minimal.

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.

Bitcoin is indeed a very multipurpose asset. Because it can be used as a store of value, investment asset, and also a means of payment. But if you think bitcoin is a tax-free asset, in my opinion it all depends on the regulations of the government in each country. Because in the country where I live, currently ownership of crypto assets such as bitcoin is taxed. So if you say Bitcoin was bought to avoid taxes, I don't think that opinion can be balanced.

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.

This happens because you might be too hasty and forget the whole process (learning) and go straight to the main point, namely buying, because you can't wait to immediately make or double your money. That way, even though Bitcoin has very minimal risks, if the knowledge is not studied well the results could not be good.

[Adams0001]

Bitcoin in itself doesn't possess any risk if you are going to be holding Bitcoin for a long period let's say you are prepared to hold your Bitcoin for 5 years it must increase in its value, but if you are looking for quick profits and bug returns profits it then you may fall for scams that will end up taking your money on the long run.
Many of those who see bitcoin as highly risky are because of their lack of knowledge of what bitcoin is and how to manage themselves around it because Bitcoin in itself is self-sufficient enough and will produce a lot of potential results in the long run.

Investing in Bitcoin is all about preparation to hodl for a long time to make profit,  when their is no preparation to hodl this is when bitcoin becomes very risky. When investors decides to hodl their bitcoin for a long time they are  not risking because they definitely know what they will gain from hodling. Risk taking is something that is uncertain about, that one is not sure what will be the end result of it. But for those who really know bitcoin they don't think of any risk because they are doing the right thing that they are sure of it will be profitable at the end of the investment.

Bitcoin investment is not very risky if you know how to keep it,  Investing in Bitcoin can bring you a lot of money if you hold it for a long time and are patient with it, Bitcoin investment is less risky than trading because if you don't get knowledge on trading, you will losing money anytime but if you have ideas on it he will bring you quick money Trading generates money quickly, but it is more risky than holding your Bitcoin for a long time In my opinion, anyone who invests in Bitcoin will not lose money because they will keep it for long term and they will get huge profit at the end of it, is better someone should hold is Bitcoin then should be trading people that are trading on Bitcoin they have get knowledge on it and they don't care even if they lose because they know definitely they will get profit one day.

[$crypto$]

Bitcoin isn't that risky if purchased and kept for long term. The only problem associated with this is where your Bitcoin is been kept.

It should not be stored on the exchange because it will have the same risk, sorry when the exchange has problems or bankruptcy then your assets cannot be withdrawn, maybe some have understood to avoid exchanges as asset storage.

It is safer to choose a hardware wallet to store long-term BTC, and store it well, especially the seed phrase.
Use hot wallets as short-term, because these wallets are also actually vulnerable to hacking if your computer is really compromised, this has happened a lot here.

IMO, the most secure way is a hardware wallet.

[2Pizza410000BTC]

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

Yes of course Bitcoin is risky but it will totally depend on the user. First you invest from the immediate market then hold for a while, after holding the market goes down further and if you sell out of desperation you will lose. If you want to invest in Bitcoin, you must hold it until you make a profit. And especially if the wallet in which you invest is not kept safe then your investment will certainly become risky. To avoid this risk you must keep your wallet seed phrase in a very safe place so that people cannot steal it. If no one can steal then you are safe and bitcoin investment is not risky. To me Bitcoin investment is not risky at all.

[Woodie]

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

We can't dispel this fact as risk is definitely there...if you don't use good security measures to protect your coins then risk of being hacked will exist, if you use a hot wallet and happen to use a computer to surf the internet the risk of being phished does exist, and the fact the scammers and hackers are out there looking for their next target..risk will always exist.

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.

Store of value to avoid taxes can never be the understanding of store of value, afaik this is in the lines of holding or locking in value to avoid a local currency from further depreciation because of inflation or whatever reasons!!

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.

Agreed.

[Antotena]

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

Yes of course Bitcoin is risky but it will totally depend on the user. First you invest from the immediate market then hold for a while, after holding the market goes down further and if you sell out of desperation you will lose. If you want to invest in Bitcoin, you must hold it until you make a profit. And especially if the wallet in which you invest is not kept safe then your investment will certainly become risky. To avoid this risk you must keep your wallet seed phrase in a very safe place so that people cannot steal it. If no one can steal then you are safe and bitcoin investment is not risky. To me Bitcoin investment is not risky at all.

Everything about bitcoin is risky but the most risky part of it is not doing back up of your seed phrase because you will not happy to see your bitcoin grow without been able to sell, that's the riskiest part of it. I once did same mistake with my phone that got spoiled and I'm yet to access that phone, it's always better to keep your back up intact and safe in different places.

Above all, bitcoin is not that risky as they use to say, if you understand what you are doing, you will enjoy bitcoin and everything it stand for provided you are not looking got quick money.

[Crypt0Gore]

Bitcoin only seem not risky for all those who are tech savvy, I am talking about people that get to know about Bitcoin in my surroundings, they get friendly with Bitcoin very fast, compared to those who are not into technology from scratch, lack of knowledge is why many people sees Bitcoin as a risky investment, they don't have a clue what it is that's why they are quick to judge.

Although some things are risky about Bitcoin, starting from keeping your private keys safe, and which wallet to use for the longevity, even how to buy Bitcoin is risky for anyone who doesn't know it, so yes risks are involved, but those who choose to stay away from Bitcoin need to be ask a question, firstly about what they do for living and if there is risks involved in their business or jobs.

Is there anything that is can bring money that doesn't have any risks? Even starting a business is risky, we are also living on borrowed time, having a heart in us is risky, going to work every blessed day and having to take transport down to work is risky, what is not risky in this life? Nothing.

[EarnOnVictor]

Bitcoin isn't that risky if purchased and kept for long term. The only problem associated with this is where your Bitcoin is been kept.

It should not be stored on the exchange because it will have the same risk, sorry when the exchange has problems or bankruptcy then your assets cannot be withdrawn, maybe some have understood to avoid exchanges as asset storage.

It is safer to choose a hardware wallet to store long-term BTC, and store it well, especially the seed phrase.
Use hot wallets as short-term, because these wallets are also actually vulnerable to hacking if your computer is really compromised, this has happened a lot here.

IMO, the most secure way is a hardware wallet.

I really support the use of hardware wallet when it ces to keeping of Bitcoin for long term purpose. Before I do use exchange to store my crypto saving but thanks to the forum, in which made me know the disadvantages of saving ones Bitcoin there.

You have a very good point, hardwallets are very good but are overrated as if they must only be used for our coins to be safe. Even these days, they could be susceptible to attacks if careless about them. The same goes for other non-custodial wallets as well as they are all safe depending on how we keep them and the size of the money in them. To buttress your point, if anyone doesn't have a big amount to store in addition to storing it for a longer period of time, I see no reason for the hardware wallet, why waste the money?

I distribute my assets in non-custodial wallets aside from hardwallets and I've never had any reason to lose my money till now. I might consider the a hardwallet later after the next bull run, but for now, there is no reason for it.

[Ludmilla_rose1995]

Yes, It is undeniable that investment in Bitcoin involves some amount of risk, but when you compare the risk factor which lies in its volatility side, and the benefits that we get from it, Generally, the Benefits outweigh the risks when you take a look at the problem it has come to solve in our society today and therefore it is worth taking an investment risk in BTC because it's minimal even when you compare it with fiat that has inflation risk.

just saving fiat money has a much bigger risk than saving bitcoin, you won't know how much the fiat money you have will be worth in the next few years, but not many people realize that, so far I see people are still afraid to invest in bitcoin, they are afraid because they don't have good knowledge about bitcoin, it's really worrying.