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Author Topic: Coping with Risk.  (Read 1306 times)
JayTrain
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February 03, 2024, 09:00:16 PM
 #81

Investing in bitcoins exposes you to technological risks, such as hacking and errors in cryptocurrency management. On the other hand, a physical business entails risks like fires, thefts, and market changes. Each of these options has its unique challenges, and people have different preferences. For example, older individuals tend to be skeptical about cryptocurrency, while the younger generation embraces new and innovative concepts and may take risks.
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February 03, 2024, 09:52:12 PM
 #82

Investing in bitcoins exposes you to technological risks, such as hacking and errors in cryptocurrency management. On the other hand, a physical business entails risks like fires, thefts, and market changes. Each of these options has its unique challenges, and people have different preferences. For example, older individuals tend to be skeptical about cryptocurrency, while the younger generation embraces new and innovative concepts and may take risks.
In this context, we certainly realize one thing that all forms that we do whether it is when investing in bitcoin or even looking for other options such as doing business or any business all have risks that we certainly have to face in this case.

We can't miss this because after all risk is part of the process that we do in supporting life to be better, especially in terms of the finances we have.
All have their own uniqueness and the risks we will face will not be the same when in bitcoin or in other businesses in real life we do but the context remains the same that we must face the consequences and risks that we have in the end.

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February 03, 2024, 11:25:29 PM
 #83

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.

Just like in an online investment, there is also risk associated with a physical business which may be higher. For example the risk of fire, flood, other natural disasters. There's also the risk of theft, the risk of the governments demolishing your physical store. When compare to online business whose risk is not highly place. If you build your online business store to have the lastest and best security then you can even take of it. You can take your business all over the world any time any day but not so with the physical business.

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February 04, 2024, 01:21:17 AM
 #84

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.

Just like in an online investment, there is also risk associated with a physical business which may be higher. For example the risk of fire, flood, other natural disasters. There's also the risk of theft, the risk of the governments demolishing your physical store. When compare to online business whose risk is not highly place. If you build your online business store to have the lastest and best security then you can even take of it. You can take your business all over the world any time any day but not so with the physical business.
thats why online business thriving because it just doesn't all that thing required to set up physical store and the demand for it sometime just the same if not higher, since being available across the world, means you re open to higher amount of customers around the world and that only can be realized by having online presence which is online store.
nature is all about being efficient, like taking the most efficient path just how lightning made its way in solid object, like this one, if physical business that is setting up offline store just doesn't seem like a really good idea then I guess switching to online store would solve the problem also the risk accompanied by setting up online store aren't that huge, we can be reselling for zero risk but of course with lower profit.

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February 04, 2024, 03:38:53 AM
 #85

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.

I say both are highly risky in the individual's respective perspective that are involved in either any one of the two.

A physical business owner will narrate to you the risk involved on the road or sea in terms of delivering their goods, with an accident or a mishap and the ship sinks all that goods are lost and money gone with it. There are possible armed robbers/burglary attack and many of the other risks op has mentioned.

While for an online investor in crypto are also embedded with couples of risk that we are all informed about so I would decide not to go into listing. But in all of those risks in the two different areas of doing business it all depends on the individual on how he manages these risks and play his own part in keeping himself away from making avoidable losses. And also being able to accept certain situations that may occur which may be beyond control. Risk is everywhere!
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February 04, 2024, 05:46:36 AM
 #86

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 are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important.

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February 04, 2024, 07:32:53 AM
 #87

All business are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important.
Our lives are full of risks and there is no place in the comfort zone for someone who is struggling to seek financial gain. Business requires strategy and intelligence is needed to read opportunities because when business there are many things you need to learn. Not everyone is born to be lucky with the business they run because not everyone's business potential can develop well and different people have different levels of success.

If we want to develop a business, we must be able to see opportunities and we must also see the potential in what business sectors are suitable for us to develop. That way we have a view before starting and know how to develop. Many people who fail in business and who are financially ready will start again even though they have failed, others have to stop because they don't have the capital to continue.
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February 04, 2024, 07:48:47 AM
 #88

For me running physical business is harder and are more risky compared to just doing online investment. Running a Physical Business required us to communicate and make relationship with people, and is involving many parties, for me working with other people is a lot harder because our business will be very dependent to their action and sometimes our reaction doesn't do much. With online investment, even if you said that it's a high risk of hack, our own action still significantly affect the trajectory of our investment, we can do our best to enhance the security of our investment so hacker will have difficulty hacking it.

All that being said, by running a physical business you are helping to run and grow the economy around you, employing people and help them to get a job. I always adore and amazed by people who can build their own business.

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February 04, 2024, 11:50:06 PM
 #89

All business are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important.
Our lives are full of risks and there is no place in the comfort zone for someone who is struggling to seek financial gain. Business requires strategy and intelligence is needed to read opportunities because when business there are many things you need to learn. Not everyone is born to be lucky with the business they run because not everyone's business potential can develop well and different people have different levels of success.

If we want to develop a business, we must be able to see opportunities and we must also see the potential in what business sectors are suitable for us to develop. That way we have a view before starting and know how to develop. Many people who fail in business and who are financially ready will start again even though they have failed, others have to stop because they don't have the capital to continue.

That's right,  I agree with you. It is clear that risks are everywhere and that is certain Whether investing online or offline in the job you have or the business you run, as well as your relationships, everything in life has risks. Sometimes there are also things where the risk cannot be avoided such as losses from the food business, this has risks that cannot be avoided, also with investment, in my opinion, the risk is there, but maybe it can still be minimized by having good knowledge. It is true that you say that a business needs a strategy to generate profits, whether from the process or marketing, but marketing is also an important thing in running a business. Many people run a business but are not good at marketing it, but this can be minimized by recruiting other people who are experts in marketing, even though it costs money, at least this is also for the good of the business being run.

Yes, it does need to be considered, because everyone has their own skills, some are experts in trade or investment as well as business, and in my opinion before that we have to like or love the business or business that you do, because in my opinion there are things that make us profitable but we don't like it and make us uncomfortable in running it. Therefore, loving what we do is also a requirement in order to make us comfortable running it. In my opinion, those who fail in their business but have enough money to start again should fix what they did wrong, because then of course the business they will run again can run well in the sense that the mistakes that have occurred will not be repeated again. And also with those who fail and quit their business it may indeed be due to inadequate financial factors, but even so maybe if they have a strong ambition in themselves they will return to the failed business by taking a loan action, in my opinion this is not wrong, although it is risky but this in my opinion is a step forward and indeed to be successful we must dare to step forward despite the risks.

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February 05, 2024, 06:39:59 AM
 #90

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.
I believe it's not just about the level or the number of risks involved when it comes to starting a business or making an investment, there are more factors one needs to consider when thinking of doing any of that either offline or online.

The very first thing that comes to mind is to understand the niche you are getting into. You can't study electrical engineering and then get into retail business when you have the funds, similarly, you can't start an e-commerce website if you are not into that thing and have never done any research or have known anything about it before getting into the business. If you do that, you will most likely fail.

So, risks are present on both sides, but what's most important is your interest and understanding of the side you are getting into, and you can only succeed, in any of the two sides, if you know what you are doing despite the risks involved.

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February 05, 2024, 07:03:04 AM
 #91

Whether you invest physically or virtually, you have to risk some money. Investing means putting money in a place and expecting to make a profit from it. When trading in businesses that are virtual, you might think that your money could be stolen, but if you can keep your personal information safe, there is not much risk of theft. What matters in virtual trading is whether you are able to trade correctly or how well you make trading decisions. If you follow others directly in this kind of trading, you will make a mistake, without following others directly, you can apply the right ideas from others in your trading, but it is better not to follow directly. 

On the other hand, there is a good chance of loss instead of profit in the physical business, because you invested money in a business but you could not buy and sell your products as expected, but you may suffer a loss, so both types of business must be considered somewhat risky. But you must take this risk in business because if you can't take this risk then the business is never for you.

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February 05, 2024, 07:05:58 AM
 #92

Investing in bitcoins exposes you to technological risks, such as hacking and errors in cryptocurrency management. On the other hand, a physical business entails risks like fires, thefts, and market changes. Each of these options has its unique challenges, and people have different preferences. For example, older individuals tend to be skeptical about cryptocurrency, while the younger generation embraces new and innovative concepts and may take risks.
In this context, we certainly realize one thing that all forms that we do whether it is when investing in bitcoin or even looking for other options such as doing business or any business all have risks that we certainly have to face in this case.

We can't miss this because after all risk is part of the process that we do in supporting life to be better, especially in terms of the finances we have.
All have their own uniqueness and the risks we will face will not be the same when in bitcoin or in other businesses in real life we do but the context remains the same that we must face the consequences and risks that we have in the end.
Everything we do will definitely have risks, both big and small. We never have or do anything without risk.
In terms of investment, the risk will definitely be attached, but here we can minimize the risk by preparing as well as possible so that the risk we have does not result in things we don't want.
But for me, never run away from risk, because the greater the risk we take, the greater the benefits we will get later. It's just a matter of courage, because if we don't have great courage, then we will never dare to take risks.

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February 05, 2024, 08:38:08 AM
 #93

Regarding risks, everything has risks along the way and the problem is that if a disaster occurs at any time in running a business, whether the scale is large or small, it is beyond our ability to predict, but at least every business that is run, if the owner wants to insure it, either the building or something else, which if it does happen, we easily submit a claim for this incident according to the applicable regulations of the guarantor.

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February 05, 2024, 09:04:18 AM
 #94

All business are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important.
Ethics in business must exist because now every businessman must be able to see who his competitors are and how he can create opportunities to develop his business for the better. That is why what you say is not at all wrong because every businessman must be able to know his own abilities in running a business even if the business is not seen as a passion for him. Because the main goal in doing business is to make money through profits which are achieved through their respective strategies, even though every businessman has already understood any risks.

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February 05, 2024, 11:06:27 AM
 #95

Quote from: YUriy1991
Regarding risks, everything has risks along the way and the problem is that if a disaster occurs at any time in running a business, whether the scale is large or small, it is beyond our ability to predict, but at least every business that is run, if the owner wants to insure it, either the building or something else, which if it does happen, we easily submit a claim for this incident according to the applicable regulations of the guarantor.
Risk is a something some people are avoiding in some investments not knowing that there is a something behind the risk that will turn their investment around for their favour if they can invest in the right time like when you take the risk to buy coins in the bear run and hodl to sell in the bull run to make more money.

 As long you know that, there are two things that involved in that business you are about to start, which are profits and loss but if you can take a good step to invest in that business you know very well that it will be difficult for the business to fail  before investing your money, you will not regret for taking such risk in that project.

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February 05, 2024, 11:37:49 AM
 #96


Just like in an online investment, there is also risk associated with a physical business which may be higher. For example the risk of fire, flood, other natural disasters. There's also the risk of theft, the risk of the governments demolishing your physical store. When compare to online business whose risk is not highly place. If you build your online business store to have the lastest and best security then you can even take of it. You can take your business all over the world any time any day but not so with the physical business.
It is difficult to concentrate your entire business on the Internet, if you are engaged only in sales and do not sell your own goods, and you do not need a warehouse to store goods, then this is possible, but if you are a manufacturer, or buy goods in bulk, then you will not be able to limit yourself to just an online store . Online business has now become a very convenient tool for sales and it can definitely save a lot of money if you can eliminate the cost of rent and other associated costs. There are probably service companies that do not require office space and will receive the best benefits in this case.

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February 05, 2024, 02:40:15 PM
 #97

Regarding risks, everything has risks along the way and the problem is that if a disaster occurs at any time in running a business, whether the scale is large or small, it is beyond our ability to predict, but at least every business that is run, if the owner wants to insure it, either the building or something else, which if it does happen, we easily submit a claim for this incident according to the applicable regulations of the guarantor.
There are many things that can minimize risk, perhaps one of which is making insurance for real life businesses and in online businesses, whether investing or trading, there are also many ways to minimize risk, such as studying more deeply before entering into it.
Indeed, basically everything that has the possibility of making a profit will not be separated from risk, it just depends on how we make a large or small percentage in facing that risk.

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February 05, 2024, 02:43:58 PM
 #98

Well imagine running a physical store and  you've got risks like theft, fire and market ups and downs. Then think online investments, especially in crypto and you're dealing with hacking, lost passwords  and irreversible transactions. It's about balancing tangible and virtual risks and it depends on what you're comfortable with and how well you can manage those challenges

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February 05, 2024, 03:12:49 PM
 #99

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.

Once someone ventures into any business without doing their own research and understanding the risks associated with business, failure will surely be their starting point. Some people's businesses easily collapse because they just venture into them without knowing anything about the business they started, but they just started it because they saw other people making money from it. Like in the cryptocurrency industry, for example, a lot of people end up in tears by losing their money in crypto, not in anyway, because they invest in some  project that they know nothing about but follow in the footsteps of other people blindly.

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.


I don't think I can do any business that is associated with a lot of risk, whether physical or online. I will involve myself in it unless I know I can find solutions to the risks and make it less risky. Just look at the Bitcoin investment. It takes some risk too, but by doing the right things, all those risks will be minimized. For example, we know of hackers hunting for wallets to steal Bitcoin. The best thing to do is provide Bitcoin with proper security, storing it in non-custodial wallets that hackers can't do anything to, but by not giving it proper security, Bitcoin can be easily stolen.

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February 05, 2024, 03:42:03 PM
 #100

That's right,  I agree with you. It is clear that risks are everywhere and that is certain Whether investing online or offline in the job you have or the business you run, as well as your relationships, everything in life has risks. Sometimes there are also things where the risk cannot be avoided such as losses from the food business, this has risks that cannot be avoided, also with investment, in my opinion, the risk is there, but maybe it can still be minimized by having good knowledge. It is true that you say that a business needs a strategy to generate profits, whether from the process or marketing, but marketing is also an important thing in running a business. Many people run a business but are not good at marketing it, but this can be minimized by recruiting other people who are experts in marketing, even though it costs money, at least this is also for the good of the business being run.
Everyone was born with a different success because it is impossible for everyone to reach the same stage of success. But from what we do should be a reference that doing business or running any business must be based on the skills that are appropriate in their respective fields because they force running Something outside our ability will cause the business will not develop. There are many people who fail to do business because they do not have a love of work they do and often they work because the factors of the encouragement of others are not the job they like.

When we don't like the job, we will ignore the important things that need to be done and are often trapped by unwillingness. This often happens usually when parents force their children to continue their business, even though the child does not animate the business of his parents. But because it is forced so that children try to follow and in the end the business fails and must be closed.
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