The risk and reward of having Bitcoin

[pawel7777]

* It can make you filthy rich during the bull run.

Unlikely. It's impossible to provide the same rate of return each cycle, that's why we see decline of about x5 each cycle. So even if it goes to say $150,000 (very optimistic scenario) that's only around x3.6 return from the current price, meaning you won't get filthy rich unless you're already very wealthy.
That's OK though, it's better to have "modest" x3 than gambling your money away sniping for X1000 coins.

[TimeTeller]

* It can make you filthy rich during the bull run.

Unlikely. It's impossible to provide the same rate of return each cycle, that's why we see decline of about x5 each cycle. So even if it goes to say $150,000 (very optimistic scenario) that's only around x3.6 return from the current price, meaning you won't get filthy rich unless you're already very wealthy.
That's OK though, it's better to have "modest" x3 than gambling your money away sniping for X1000 coins.

Maybe the OP is just exaggerating about being filthy rich. But it can increase your portfolio.
There are pros and cons of holding btc. Now, it depends on how the holder is looking at this market.
Is he for long-term or just short-term? Because his profits will depend on when he will sell his coins.

[JoyMarsha]

Everything on earth has an advantage and disadvantages but the disadvantages of Bitcoin lies in the crypto investor's hand to use in their favor or avoid experiencing it.

1. The disadvantage of high volatility: an investor can use it in his or her favor to buy Bitcoin at a low price and sell at a high profit. Making it a good business to profit from.

2. Not generally accepted by all:  That's not bad, not everything is been accepted by the whole world. Those of us who accepted bitcoin, are gradually gaining from it financially.

3. Hacked: What can be hacked is exchangers or crypto wallet that holds bitcoin but the Bitcoin network can't be broken into by hackers. Securing your wallet from hackers lies on you to take care of, to continue keeping your seed phrase in a safe place

[eightdots]

* It can make you filthy rich during the bull run.

Unlikely. It's impossible to provide the same rate of return each cycle, that's why we see decline of about x5 each cycle. So even if it goes to say $150,000 (very optimistic scenario) that's only around x3.6 return from the current price, meaning you won't get filthy rich unless you're already very wealthy.
That's OK though, it's better to have "modest" x3 than gambling your money away sniping for X1000 coins.

Maybe the OP is just exaggerating about being filthy rich. But it can increase your portfolio.
There are pros and cons of holding btc. Now, it depends on how the holder is looking at this market.
Is he for long-term or just short-term? Because his profits will depend on when he will sell his coins.

Every investor has his own goal. For some, this may be a very high profit target, for others it may be a profit target that is not too much but sufficient for them. As you said, this situation is partly related to how the investor looks at the market. Does he wait in the long term and aim for a high profit, or does he want to make a small amount of profit in the short term and continue. Sometimes the market does not leave this decision to us because the crypto market is a market that always contains new news and it is very difficult to act in this market without being affected by this news. In other words, market conditions determine whether we will stay in the market for a long or short time. Of course, this is not the case for everyone; some investors stick to their own plans and continue their long-term investments.

Making a certain amount of profit is better than making no profit at all. By making profits at modest rates, we can perhaps reach high profits later.

[Ndabagi01]

*The high volatility attach to it can be very risky.

Yes, bitcoin is a risky investment, but its high volatility has two effects: it can make you money or it can make you lose money. As many have said, 1BTC will remain 1BTC until you touch it and spend it. When the market returns to an uptrend direction, especially during a bull run, the high volatility that causes you to lose money can also cause you to gain money.

* It's not generally accepted by all.

What is important here is if you can get the value of the money and still spend it. You can always convert to your fiat and spend without any problem arising from it.

* It can be stolen if your system is hacked.

As a result, bitcoin investment emphasises the importance of asset security. You are now your own boss, and you must take good care of your money and keep it safe, just as banks do. If you follow the right bitcoin security guidelines, you will not allow any intruders into your system.

* It's almost near impossible to retrieve if sent to the wrong address.

 Before sending bitcoin to a wallet, multiple confirmations are required. You don't rush when sending bitcoin; reconfirming your bitcoin wallet address is critical, and if you do it frequently, you won't have a problem sending to the wrong wallet address.

[radjie]

Maybe the OP is just exaggerating about being filthy rich. But it can increase your portfolio.
There are pros and cons of holding btc. Now, it depends on how the holder is looking at this market.
Is he for long-term or just short-term? Because his profits will depend on when he will sell his coins.

Someone who is confident in their investment in Bitcoin will certainly prefer to invest long term. This is certainly effective in minimizing losses and from the volatility of the Bitcoin price itself, they can make big profits because everyone can take advantage of the market situation to make purchases or sales with accurate calculations.

[Kaliandra]

For beginners, they always think that investing in BTC is a way to get rich in a short time, but in reality investing in BTC is not an easy thing because investing in BTC is very risky and must be long term and only Sell during bull runs

op I also feel the bitter sweetness of investing in BTC but I really like investing in BTC because as time goes by I now understand more about BTC and am starting to understand the risks of investing in BTC and the benefits of investing in BTC. But of course everything has risks in this world and success is only for those who don't give up and always learn from mistakes.

but bitcoin is not gold, of course if we invest in it the risk is not too high, whereas if we invest in btc the risk is very high so it requires sacrifice and we are ready to lose if we invest in btc.

The point is, everything is very risky, so in this case we have to be able to respond wisely.

[ancafe]

There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it

This is a failure that is carried out by humans, not because of Bitcoin, when you send the wrong thing, the risk is loss and vice versa, the level of security that you apply to the Bitcoin storage wallet that you have. Bitcoin is so perfect for itself and it is the individual's job to be careful and not careless in using it because when someone is not careful, they will be at their own risk.

We have been faced with many risks in the previous system and this does not mean that Bitcoin does not have risks, but to what extent are we able to carry out the level of security and the level of price fluctuations for someone involved in it. You don't need a third party and we can manage the investment system ourselves, these advantages are what make Bitcoin the best choice at the moment.

[CryptoHeadlineNews]

*The high volatility attach to it can be very risky.

And at the same time, it's high volatility can also make it flourishing, (i.e increase higher in value). Hence, making it's volatility both an advantage and disadvantage.

* It's not generally accepted by all.

Yes, that's true, but with the current exposure of Bitcoin now, you are rest assure to find a 1 or 2 Bitcoin enthusiast in every 10 set or group of individuals

* It can be stolen if your system is hacked.

But that's only if you use a centralized wallet or store your funds on a centralised exchange, because if only you can have your funds store on non-custodian wallet such as Bluewallet or Electrum, you are rest assured of having your funds on a safe hand & secure hand.

I don't know if I missed some that I didn't mention.

If the pass phrase of a Bitcoin wallet is lost, it can never be recovered, and likewise if the owner of a Bitcoin does, his family members can never have access to it

[tjtonmoy]

Those who like Bitcoin, they already know the disadvantage that comes with it. Despite knowing that they invest into Bitcoin. Because they know what it could become in the future. While on the other hand, those who hate Bitcoin will only point out the disadvantage of it and try to take people away from. But from time to time Bitcoin has proven itself to be the best in the business.
Yeah, there are disadvantages that come with Bitcoin. But it is quite easy to avoid and only focus on the good side of it. I'm not saying that just because you were doing your best you can avoid it completely. It is hard sometime but if you're careful enough, you can avoid it 90% of the time.

If you are into Bitcoin and you love it, don't focus on the disadvantages. Because if you focus too much on it, in times of FUD you will not be able to control your emotion and you will take wrong decision. Clear up your mind and stick to what you believe.

[oktana]

Disadvantages of having fiat
1. It can be stolen if your house uses raided by criminals or even if you’re on the way to or from the bank. 

See, you gotta be careful with your assets. These disadvantages you write here, I and many other people have never experienced it. And the volatility you added as a disadvantage, you still mentioned Bull Run as an advantage. So what’s it going to be? Is volatility an advantage or disadvantage?

[AicecreaME]

The only think I can think of Bitcoin's risk is the price will not go into your way, so investing all in is not really a good idea.
Other than that, I can't think of anything more that will put your investment at risk. Unless you don't know what you're doing, like panic selling most of the time when a lot of FUD(s) happen, always FOMO, and when you stored your holdings in a random Bitcoin wallet you found in playstore or appstore.

[roller33]

There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it

*The high volatility attach to it can be very risky.

* It's not generally accepted by all.

* It can be stolen if your system is hacked.

* It's almost near impossible to retrieve if sent to the wrong address.

  advantages of having it

* It can make you filthy rich during the bull run.

* It decentralized, no third party like banks and financial institution.

* It's a self custodian asset, the privacy is priceless.

* It's very accessible at any given point in time.
 
I don't know if I missed some that I didn't mention.

You've highlighted key points well! Indeed, Bitcoin, like any investment, has its pros and cons. The high volatility can be a double-edged sword, offering both risks and rewards. Its limited acceptance and susceptibility to theft are valid concerns. On the flip side, the potential for substantial gains during bull markets is exciting. The decentralization, privacy, and accessibility aspects make it a unique asset class. Keep in mind, the crypto landscape is evolving, and understanding both sides is crucial for informed decision-making. 🌐💰

[bluebit25]

The boundary between risk and reward is no longer so important to me, because everyone has their own way of thinking, whether it is personal benefit, collective benefit, or even evil behavior. Bitcoin is always what it is, and it's natural for people to find different things and label it. The truth is that the bigger it gets, the more different labels it will receive.

IMO, peace in life means that we are no longer either competitive, but can operate through bitcoin or maintain the inherent nature that we support. But honestly, this life we ​​have has many views that we are forced to accept or rise up to change.

[puloweh555]

There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it

This is a failure that is carried out by humans, not because of Bitcoin, when you send the wrong thing, the risk is loss and vice versa, the level of security that you apply to the Bitcoin storage wallet that you have. Bitcoin is so perfect for itself and it is the individual's job to be careful and not careless in using it because when someone is not careful, they will be at their own risk.

We have been faced with many risks in the previous system and this does not mean that Bitcoin does not have risks, but to what extent are we able to carry out the level of security and the level of price fluctuations for someone involved in it. You don't need a third party and we can manage the investment system ourselves, these advantages are what make Bitcoin the best choice at the moment.

Yes, exactly. When we fail to invest in bitcoin completely it is only our own fault, there is no fault with bitcoin. Because bitcoin technology is so perfect, even bitcoin is freedom because no one can control it, who can control each of us, so be wise in using bitcoin, especially regarding wallet security.

So it is true that before investing in Bitcoin we have to study in more detail first so that there are no mistakes that result in losses to ourselves. It could be said that the risk of Bitcoin depends entirely on us in maintaining and using it. Moreover, there are many benefits that we can get from investing in Bitcoin.

[Suzume]

There is low risk in bitcoin halving. Because we know the block of bitcoin half and the price of bitcoin increase. 2024 bitcoin halving is target halving for all bitcoin investor. Because every one expecting to go for high and get huge profit. That halving is the game changer for old and new investors. So go on cleverly with your experience and knowledge.

[Wiwo]

Really I know about Bitcoin volatility which I am used to already,  and want to hear another risk in bitcoin because,  bitcoin volatility is not a risk but a tool to be used to control our understanding and attachment with Bitcoin as an investment because,  for now Bitcoin is best accepted as an investment much more than it is a currency,  so for sure if you have the basic understanding pf this fact and build a good background understanding about Bitcoin,  it will be hard before know what risk is with bitcoin and how you best apply it to suit your own immediate needs.

Before you choose bitcoin for anything be it as investment,  you must have to first of all have this balance agreement Bitcoin the risk and time waiting,  and that is why we always advise for long-term holding of Bitcoin,  instead of taking Bitcoin as some get rich quick scheme or even gambling,  a lot has to be settled with this to build that understanding.

[NeilLostBitCoin]

Bitcoin ownership is no longer considered a disadvantage, and we can take measures to enhance its security. One effective way is to purchase a hardware wallet to ensure the safety of our digital assets. It's important to exercise caution when sending Bitcoin transactions, as they are irreversible. We should recognize the potential of Bitcoin as a global currency, and with its increasing awareness and adoption, its supposed disadvantage is slowly fading away. Bitcoin is undoubtedly the future, and it's only a matter of time before it becomes widely accepted worldwide.

[Rruchi man]

*The high volatility attach to it can be very risky.

The volatility of bitcoin is also the exact reason why people are investing in it, because the understanding that the volatility can be more profiting especially as more people learn about bitcoins.

* It's not generally accepted by all.

Opinions will soon change, majority of the people who do not like bitcoins right now have that opinion about it because of poor understanding of what it is.

* It can be stolen if your system is hacked.

Almost everything can be stolen.

* It's almost near impossible to retrieve if sent to the wrong address.

More reasons to be very careful whenever you are about to make any transactions.

[terrific]

disadvantage of having it

*The high volatility attach to it can be very risky.

How can this be a disadvantage for bitcoin when you first invest on it, this has been so visible? Most people need to stop telling others that volatility is a disadvantage.
Let us remove the volatility of Bitcoin and see if most people will agree that it is the greatest investment of all. It won't even be called and investment if there's no volatility on it.