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Author Topic: Coping with Risk.  (Read 1290 times)
Cookdata
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January 31, 2024, 06:45:23 PM
 #41

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

I don't know who tell you these but I hope you know that these are your risk which you can manage and if you follow proper guide and rules, you would have nothing to worry about. Who hack into wallet? Have you ever heard that Bitcoin wallet has been hacked before? You can get phish when you download a malware into your device but using hardware wallet keeps yous safe from these.

Your seed phrase is very difficult to attack, nobody has tried that has succeed and I don't think there is any software right now that can break that function because it's one way hashing.
Sending your coin to a wrong wallet can o my be your own mistake.

Quote
In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.


All business involves risk and there are levels to these various risk. If you have not try a physical business before, please don't try it with your last cash because the tendency of losing in a first try of a physical business is very high, you don't want to try a new business and get nothing. Just know that no successful business is risk free, you will definitely have something to lose.

Online business doesn't have to be crypto investment alone. Look out to other legit online business and diversify your money into them to mitigate the risk involves in them and have a hedge to protect your investment.

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January 31, 2024, 07:10:11 PM
 #42

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.[/b]

The two are full of risk and there's no how you could play being so smart of going out of the risk involved in it, upon everything that we do, there's a certain amount of risk involved in it, this may be visible to us or not, but anything that will have to cause us should be completely avoided and we should take it, risk is not something we should afford taking all the time, we can always play safe as well, both online and in physical do exist risk taking, any investment we couldn't afford taking risk on should be avoided.



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January 31, 2024, 11:46:24 PM
 #43

First, you need to remember that investment is done even for people who have business. For example, Elon Musk still invests his money (which he made from his business) into different places. I’m trying to make you understand that you do not have to consider investment as business (at least not the primary business you have). You’re meant to have a business where you can take out money and make investments. I think it’s great to have a physical business and from the gains, you invest in Bitcoin or whatever you decide. 



 

 

 

 

 

 


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February 01, 2024, 12:50:18 AM
 #44

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.[/b]

The two are full of risk and there's no how you could play being so smart of going out of the risk involved in it, upon everything that we do, there's a certain amount of risk involved in it, this may be visible to us or not, but anything that will have to cause us should be completely avoided and we should take it, risk is not something we should afford taking all the time, we can always play safe as well, both online and in physical do exist risk taking, any investment we couldn't afford taking risk on should be avoided.
indeed everything in regard of generating money always involves risk, but finding the best opportunity definitely could helps a lot.
i've experienced running quite few small business, some of them succeed some of them not, its a small scale so it doesn't necessarily cause me to go broke when i failed, thats why so many rich people keep saying to start from small business, just do it in short, because if we start from small we can test the water.
from my experience, there are simply too many things that needs to be considered, even running business and the accounting shows that we are in profit, we should see whether the profit is worth it.
i've started business once where i get profit but the amount of energy i put into turning that business too profit simply unsustaining and in the long term I think that'd be just a burden therefore i decided to close down the business and move on.
thats the thing with running physical business, the overhead sometime too much and need to be taken into account seriously.

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February 01, 2024, 01:30:06 AM
 #45

If I have to choose, I choose my own offline business run by myself by hiring other people too. because by existing and having a business is not just money. but we also have social status as entrepreneurs owning a company business.

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February 01, 2024, 02:54:24 AM
 #46

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

The point is that every business has risks in running it and we are required to be able to minimize them. The two points you mentioned both have risk impacts and physical and online businesses are not much different, it's just that the framework has a different pattern. Running a physical business such as a shop also does not guarantee that someone will not be cheated as long as the person running it does not try to avoid fraud and people tend to prefer running a physical business. But now there are also many people who are successful in businesses that are run online and the advantage is that we don't need to rent a shop because doing business online can be done in a slightly simpler way.

We can avoid hacking in online investments because it is actually related to the internet that it is impossible for anyone else to maintain the security system other than ourselves. Of course the risk is much greater, but as long as we can maintain a good security system, I am sure that the investment we make will definitely be much safer.

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February 01, 2024, 06:05:42 AM
 #47

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

Risk is everywhere and the more we take it, the better for us as we can never be successful in life without taking risks. However, how you separated the two is not so good, you didn't think well about them in my opinion.

For the two, if the physical business could have a whole lot of risks as you said (which I know is not true) why won't the investments have the same, and even more? We can't just shortchange the safety of physical business for that of online. In my opinion, though there is also a degree of risk attached, but there are minimal risks to physical business unlike how you portray it, you can look around you for the proof. Online only brings easy opportunities, and this is not what risk means. This depends largely on the business we are talking about, there are some that are almost without risks, they only require your professional, resources and creative thinking, and if you are an employee, you can find a secure job and will be fine.

This is happening around us and you can imagine how people are making their huge money doing physical business and investments safely daily. Also, online investment is good but one must be extra careful online than the physical business/investments. This is partly because online is not as safe as offline, and most investments online are so volatile and dangerous, and many have shared both sides of the story (good and bad), nevertheless, in my opinion, those who are lamenting are more.

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February 01, 2024, 06:41:48 AM
 #48


so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.


Deciding between a physical business and online investments is a complex choice, as both involve inherent risks. Physical businesses require significant upfront costs, rely heavily on location, and are vulnerable to economic downturns. Online investments, on the other hand, are volatile, carry the risk of scams, and lack complete control over market fluctuations. Ultimately, the "riskier" option depends on your individual experience, resources, risk tolerance, and time commitment. Diversification and calculated risk-taking are key strategies regardless of your choice. Conduct thorough research and seek professional advice before making any significant financial decisions.

If I were in your shoes, I would consider pursuing both options. Running a physical business can create employment opportunities and contribute to the local economy, while online investments can offer potential for increased profits. However, it's crucial to minimize risks in both endeavors.
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February 01, 2024, 07:18:55 AM
 #49

Taking risk is part of life cause without taking risks there is no result.but what kind of risks matters both physical or online business doesn't matter..you can do a physical business and have an high risks loses.the important thing is do what you no.get informed for the risks you are about to take.have a good feasibility study on your risks it matters alot.
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February 01, 2024, 08:49:02 AM
 #50

You cannot do business that is not risky, expect is not a business that can generate money any business you choose to engage on,  you need to get knowledge about it before you begin so that your risk will minimized. In my opinion, I prefer online business because he generates profit fast when you understand everything about it. In physical business, you need to have the actual money before you can start the business and he can lead to lose as long as there is risk involved. but in online business you can even start with a small money and he can lead you to a huge profit, just like crypto, that you can invest any amount you have and he will give you income when you leave it for long term.
What do you mean by Shitcoin here? by taking small capital but making big profits even though you know that shitcoin is not a real investment but just gambling under the guise of investment. So don't make a mistake in defining business, investment and gambling. We will not tolerate shitcoins. There have been many victims and it is common for beginners who want to invest overnight but think they are investing. Invest in assets like Bitcoin for the long term, all of which require sufficient capital to achieve profits. Because the capital you have is directly proportional to the profits.

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February 01, 2024, 11:14:39 AM
 #51



so my question is, which is more risky?



online business, of course, with the risks you mentioned, it will definitely make your heart skip a beat if you hear about hacking,
But basically all businesses have risks and all of this must be dealt with if you don't want to experience a high level of risk
like a physical business: you can only stock a certain amount if we are still in a small and medium business
For online investments such as crypto, try saving in a personal wallet without ever linking to existing sites

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February 01, 2024, 03:21:10 PM
 #52

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.
First and foremost, anyone who wishing to formally introduce themselves to any kind of business must ascertain the capabilities of the venture they wish to pursue and conduct extensive research on it in order to determine the range of risks involved or to speak with those who have been in the industry for some time in order to determine whether they can truly afford it. Additionally, by knowing how much money he can start with, he may avoid losing money. The problem with cryptocurrency holding is that some people are extremely negligent about storing currencies in their wallets, and instead of maintaining their private keys, they misplace them.
Quote

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

All businesses face significant risks, the only difference is that they outperform one another. But we frequently take risks in order to succeed, because any business that generate money definitely has his own risk, because establishing a physical investment has a large risk since you never know which one will being more profitable in the long run. And if you don't have enough money you won't make a physical investment. However with an online business, you can start with a little amount of money and earned huge profits.

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February 01, 2024, 04:45:31 PM
 #53


so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.


Deciding between a physical business and online investments is a complex choice, as both involve inherent risks. Physical businesses require significant upfront costs, rely heavily on location, and are vulnerable to economic downturns. Online investments, on the other hand, are volatile, carry the risk of scams, and lack complete control over market fluctuations. Ultimately, the "riskier" option depends on your individual experience, resources, risk tolerance, and time commitment. Diversification and calculated risk-taking are key strategies regardless of your choice. Conduct thorough research and seek professional advice before making any significant financial decisions.

If I were in your shoes, I would consider pursuing both options. Running a physical business can create employment opportunities and contribute to the local economy, while online investments can offer potential for increased profits. However, it's crucial to minimize risks in both endeavors.
Everyone thinks they can play both fields, but it's about what you can handle, not what you want. Running a physical business requires knowing your community and the market. In addition to money, it requires your soul. What about internet investments? While unpredictable, they challenge your digital awareness and ability to discern trends from murmurs

Talk about danger like a game. It's not. Every move has implications in this deliberate decision. Diversification is lifesaving, not just good strategy. But it also demands self-knowledge, not simply market knowledge. Know your boundaries, strengths, and, most importantly, shortcomings. And advice? Look for it, then examine it. The key is how you handle risks, not the ones you take. Risk-smart, not risk-averse

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February 01, 2024, 05:40:49 PM
 #54

First of all you are comparing two different things to choose which one is better. Business and investments both can make someone rich but I feel to be successful in business will take time and complete effort if its started from scratch while investment is short term compared to the time needed for making a business to be successful.









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February 01, 2024, 06:32:01 PM
 #55

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.


Every business has equal risks involved and equal opportunities of making gains, what is there needed is your passion. You ought to follow your passion, be it offline or online business. You can succeed in it and at the same time, you might fail, but where passion and desire lie has more possibility of success than failure. You can combine both of them if you have the ability. But never go into a business because you feel there are less risks involved in it, NO. get involved because that is what you really desire doing and with time, you'll learn the secrets and increase your efficiency in the business.

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February 01, 2024, 06:55:02 PM
 #56

Having risk is part of economy, no matter what you do, investing, saving, a business, starting some new product, even gold. It doesn't matter what you are doing with your money, you will always end up with a loss and that should always be the thing that you should avoid the most. I understand that it is going to be a tough one, and you will not be really doing much with it, but you should make sure that things are fine in the end.

I believe that we are going to be doing fine in the end one way or another. Life is not fair to everyone, and that means you are not going to get what you want or what you think you deserve. This should be the most important part, and I believe it will definitely be a problem for most people. This is why it is better to just focus on what you could do with what you have. Manage your risk, keep it at a decent level.

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February 01, 2024, 09:19:07 PM
 #57

We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.

In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.

so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.


This isn't really a sensible comparison. A business produces something, it turns a good or service into revenue and ideally a profit. People tend to run a business if they can see a profit in it, whether that is going into a steady mainstream company like a barber, electrician or dentist. Optionally you have high risk businesses that try to be pioneers in new areas which may have zero competition or heavy competition, like marketing or trying to get in early on a new product that is hyped up at the moment - think fidget spinners. Whereas buying bitcoin is doing nothing of the sort, you are simply buying with the belief that you will one day be able to sell it at a higher price, when none of us really have an idea which will it will go, continue upwards or get displaced by something that causes it to trend downwards.

R


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February 01, 2024, 09:35:24 PM
 #58


so my question is, which is more risky?

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.

In this case both options are of course equally good and if it can be done in both, why not .
All forms of behavior that we do of course have risks that we must be ready to bear in the end as for talking about investment IMO this is a need for the future level so this is not a thing that requires us to hope more for the short term because in the end it is about the longer term and to support that then we need a business or jobs to get income to support our daily needs.

We know that investment wont work if we don't have income, so you have to start by earning money first and have at least a business or job to do that.
As for risk,we will not be able to rise if we continue to avoid it so we must be able to survive in risk conditions that are definitely already there.

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February 01, 2024, 10:19:45 PM
 #59

A). Running a physical business that has a whole lot of risk associated with it or

B) running an online investment with high risk of hack that could result in you loosing all your asset.[/b]

The two are full of risk and there's no how you could play being so smart of going out of the risk involved in it, upon everything that we do, there's a certain amount of risk involved in it, this may be visible to us or not, but anything that will have to cause us should be completely avoided and we should take it, risk is not something we should afford taking all the time, we can always play safe as well, both online and in physical do exist risk taking, any investment we couldn't afford taking risk on should be avoided.
Running an online business with high risk of getting hack is one of the problems online businesses are facing and when they are not equipped with the right tools to keep them from hackers, things might get wrong and things might crumble when the unfortunate happens. Many projects especially in cryptocurrency that don't have a strong team or safety tools in place we're not able to grow to the fullest because of the lack of appropriate work force to help safeguard the project from online and experienced hackers. Physical businesses have lower risk but can not be compared to online including the profits differences.

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February 01, 2024, 11:28:24 PM
 #60

All types of investments have their own individual risks, be it offline or online. So before deciding which way to chose, evaluate yourself first on what type of investment you’re more capable to manage and make it work. Know your level of knowledge and skills first, and if you see more potentials for you to succeed on online or offline investment, then focus on that.

However, everything can be learned if you follow the right process. If you have sufficient funds to invest in both, then why not focus on one only? It’s always better to have diversified investments, so that when one fails, the other one might eventually become successful.
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