The risk and reward of having Bitcoin

[FinePoine0]

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.

The benefits of using bitcoins are greater because I deposit all of my money, holding some money for the long term. And trading by remaining assets which are currently in profit. Bitcoin has such security that the owner of transactions can never be traced. Especially since I have millions of assets invested in them and I walk around with them hand in hand and no one knows anything about me.  But if I were to take these assets out into the open, there is definitely a possibility of robbery. So in Bitcoin I get huge benefits using it.

[Yamifoud]

Here's the thing: the risk isn't built into Bitcoin itself, it's all about how you approach it. Jumping in blind is a surefire way to get your pants ripped off, but with some smarts and a healthy dose of caution, it can be a rewarding adventure. Doing your research "DYOR" understanding the tech and the market, and only investing what you can afford to lose – those are the golden rules that separate the thrill-seekers from the face-planting fools.

And let's not forget the FUD squad, the fear-mongering vultures whispering doom and gloom in your ear. They're the naysayers, the manipulators trying to sow panic and drive prices down. Don't let them get to you, man. FUD is like background noise in any volatile market, just another voice in the crowd. Listen, analyze, but don't let it drown out your own research and gut instinct.

Well, I just hope that everyone has that kind of thinking but as we can see, very unfortunate that many of us remain emotional, and even though we have knowledge and market experience, most of the time we lose control of our emotions. That was the biggest problem that I've ever seen and this is really hard to change a reason why not all investors went well and succeeded, many suffered losses and quit.

FUDs, negative news, social media - these things change one's mindset. I would say that investing is not just all about knowledge and skills but also, management skills and self-control.

[TheUltraElite]

The benefits of using bitcoins are greater because I deposit all of my money, holding some money for the long term. And trading by remaining assets which are currently in profit.

Makes no sense, you are dividing the money into two parts, one of which you are depositing and the other "holding"? Then you are trading with the remaining assets? Which part is going into bitcoin and which part into traditional investments?

Bitcoin has such security that the owner of transactions can never be traced.

Wrong, it is pseudo-anonymous. Users can be traced by proper means but it is difficult to do the same. If you are more interested in privacy prefer Monero.

Especially since I have millions of assets invested in them and I walk around with them hand in hand and no one knows anything about me.  But if I were to take these assets out into the open, there is definitely a possibility of robbery.

Who says bitcoin users are not at risk of robbery? People get kidnapped and held at gunpoint to reveal their private keys, what would you do then?

Indeed the long term prospect of bitcoin is good, but you need to be careful with it.

[KennyR]

The risk is the security, and the governments. The security issues were almost solved with the existence of more wallets that help with different security features. With the governments we can't be sure, as they want to have control over the uncontrollable asset. For this they keep on trying different things to restrict people from using it. The reward is something assured for the risk we take. In particular what we hold unlike the market situation and different manipulation gives you with the best.

[Zigabel]

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.

Your point are very nice once but then around your advantage are a few that needs to be addressed especially the aspect of getting filty rich well this shouldn't be an avenue to think it's a vet rich quick scheme cause such mindset only gets you into trouble as you may get disappointed if it doesn't happen almost immediately because it usually not so quick but it does help you get rich especially if you bought in time and held well enough as you should, long term hodling does it even better but short term can if your capital is quite huge but always bear in mind there's always a risk attached to every form of investment.

Even in a Bull run there could be a risk of loosing too if you lack patience and discipline because the profit doesn't come instantaneously but it will still take a few days or weeks amidst the bull runn.

[JustineCollins09]

Risk is if you are looking for short term benefits and focus on pump and dump schemes.

[Dimitri94]

With the governments we can't be sure, as they want to have control over the uncontrollable asset. For this they keep on trying different things to restrict people from using it. The reward is something assured for the risk we take. In particular what we hold unlike the market situation and different manipulation gives you with the best.

If we consider the advantages and disadvantages of Bitcoin, we will get more advantages but government of various countries exaggerates its difficulties. As a result, many people may react negatively to it without understanding. When the government failed to regulate Bitcoin, they made many negative comments about Bitcoin. But still when they fail to bring about their regulation they legislate. But if an unbiased and impartial opinion on Bitcoin is given, then it must recognize the benefits of Bitcoin as the highest priority. But here many governments are thinking positively about Bitcoin and we will be able to see its reflection in the future.

[justdimin]

Your point are very nice once but then around your advantage are a few that needs to be addressed especially the aspect of getting filty rich well this shouldn't be an avenue to think it's a vet rich quick scheme cause such mindset only gets you into trouble as you may get disappointed if it doesn't happen almost immediately because it usually not so quick but it does help you get rich especially if you bought in time and held well enough as you should, long term hodling does it even better but short term can if your capital is quite huge but always bear in mind there's always a risk attached to every form of investment.

Even in a Bull run there could be a risk of loosing too if you lack patience and discipline because the profit doesn't come instantaneously but it will still take a few days or weeks amidst the bull runn.

That is unfortunately the mindset of many people who get into crypto world, they do not really think it through all that easily, they end up thinking that they could get rich very easily or even if not easily, they could get rich like there is no tomorrow.

Unfortunately that's not true, we all wish it was true, but it is not. There has been a few people who have done it, there is no argument there, I am not saying nobody ever got filthy rich off small amount in the crypto world, that has happened before and will probably happen again, but that's a very small percentage of the crypto population, most people do not even have anything like that, it should be considered a little bit different and we need to try to make a "decent" amount at most.

[dlightag]

That is absolutely correct everything that has advantage also have disadvantage as you stated and that is how cryptocurrency market normally works and the only way is not to be too much greedy in the market, because after Bitcoin halving we are going to expect Bull Run market which many alt-coins normally pump and the only way is to set first and second target to sell.

[Inwestour]

That is unfortunately the mindset of many people who get into crypto world, they do not really think it through all that easily, they end up thinking that they could get rich very easily or even if not easily, they could get rich like there is no tomorrow.

Unfortunately that's not true, we all wish it was true, but it is not. There has been a few people who have done it, there is no argument there, I am not saying nobody ever got filthy rich off small amount in the crypto world, that has happened before and will probably happen again, but that's a very small percentage of the crypto population, most people do not even have anything like that, it should be considered a little bit different and we need to try to make a "decent" amount at most.

Everything works the same in all areas, it doesn’t matter whether it’s a traditional business or a cryptocurrency, there will be a small number of those who will succeed and can truly get rich, the rest will either earn relatively little or lose money.

I don’t know what it depends on, on thinking, education, or anything else, but I see that this is exactly what happens. And in crypto it can even be luck, with Bitcoin it probably won’t work out like that, it won’t be able to show such great growth as before, but with some altcoin you can try your luck, for those who are looking for quick money. I don’t like this approach, for me it’s better to buy Bitcoin and wait for the bullrun, but everyone decides for themselves what’s best for them.

[Lorence.xD]

That is unfortunately the mindset of many people who get into crypto world, they do not really think it through all that easily, they end up thinking that they could get rich very easily or even if not easily, they could get rich like there is no tomorrow.

Unfortunately that's not true, we all wish it was true, but it is not. There has been a few people who have done it, there is no argument there, I am not saying nobody ever got filthy rich off small amount in the crypto world, that has happened before and will probably happen again, but that's a very small percentage of the crypto population, most people do not even have anything like that, it should be considered a little bit different and we need to try to make a "decent" amount at most.

Everything works the same in all areas, it doesn’t matter whether it’s a traditional business or a cryptocurrency, there will be a small number of those who will succeed and can truly get rich, the rest will either earn relatively little or lose money.

I don’t know what it depends on, on thinking, education, or anything else, but I see that this is exactly what happens. And in crypto it can even be luck, with Bitcoin it probably won’t work out like that, it won’t be able to show such great growth as before, but with some altcoin you can try your luck, for those who are looking for quick money. I don’t like this approach, for me it’s better to buy Bitcoin and wait for the bullrun, but everyone decides for themselves what’s best for them.

Indeed, there are a lot of people who handle things differently like the process of learning and gaining experience in Bitcoin, for example, when losing a lot of money, some people would definitely quit as they think they don't have the skills and knowledge, but some would learn from it and build up the skills they can use for their own advantage to earn profits. From that, we could say there are still people who could succeed in the crypto industry, and I have seen friends who changed their lives with the help of crypto.

With the current state of the market of Bitcoin, it would be hard to invest with its high value today, you can expect huge profits whenever there's a bull run or bear market that you can take advantage with, but the thing is it's like seasonal where you can expect once in a year situation. Some people explore crypto not only in Bitcoin where they can also profit in altcoins as some of them have a good project plan or roadmap, teams, marketing, etc.

[Volimack]

The bull run in the market should be understood well. Setting goals is easy if there is a good plan and roadmap. Not only crypto but the work you go for will have risk when it comes to Bitcoin investment is more likely to be rewarded here if done right. Altcoins perform well when the price of Bitcoin increases. But when a coin is pumped in the market it is beneficial to understand them.