Bitcoin is risky

[laijsica]

Because it was true. Crypto is volatile and even though Bitcoin has proved itself to continue to rise even after each dip, its price is still unstable. I realized that this does not necessarily have to be a bad thing especially if you are knowledgeable enough to minimize these risks. It was easy to get defensive but, in the end, I just explained to that friend that that is why it requires much attention and studying.

That is why people needs to understand the volatility of the market first before making decisions of going into the market to invest. It will be very risky for someone who does not have understanding of crypto to invest because it is possible for people of no knowledge to sell out of fear when the market is going dip.  The volatility in cryptocurrency is very important and it is what makes crypto to be valuable and people needs to understand how the volatility works so that it can be of good advantage to make profit .
Cryptocurrency is very risky for those who don't have knowledge about it and it is not advisable for people who have no understanding of it to think of investing in it.

Yes, it is important for every investor to be aware of cryptocurrency and ensure proper use of their capital in volatile price trends. Volatile markets may make people more interested in investing because of the potential for higher profits. At the same time it can carry high risk but one should choose the right crypto to understand the mood of the market and accordingly decide to invest one's capital in the right place. In that case the decision to invest in Bitcoin can be right which can give high profit as a result of long term holding even in volatile price trends. If you can take the opportunity to buy Bitcoin in a down market, you can make huge profits. Also, if you keep your holdings in multiple cycles, there is a possibility of getting several times more profit.

[Cryptmuster]

That is why people needs to understand the volatility of the market first before making decisions of going into the market to invest. It will be very risky for someone who does not have understanding of crypto to invest because it is possible for people of no knowledge to sell out of fear when the market is going dip.  The volatility in cryptocurrency is very important and it is what makes crypto to be valuable and people needs to understand how the volatility works so that it can be of good advantage to make profit .
Cryptocurrency is very risky for those who don't have knowledge about it and it is not advisable for people who have no understanding of it to think of investing in it.

Volatility is a risk for other coins that may not grow again after a big drop, but this does not apply to Bitcoin, because every time after corrections, or bear markets, it comes back and continues to grow. Therefore, Bitcoin can hardly be called risky, if you evaluate it in the context of the entire crypto market, then in my opinion it is the safest coin in which you can invest without consequences and without fear of losing your money. Of course, this will be true provided that you can hold it long enough to wait for the next bull market. Each new cycle, Bitcoin reaches a new ATH, this is a very good tradition that gives us confidence that it is difficult to imagine a better asset.

[re-start]

In my opinion, no investment is 100% safe. How many thousands of people in Ukraine have left their luxury homes?

Investing in gold, land, oil, and even stocks can be risky. Like other things, Bitcoin can be a risky investment, considering that you need modern knowledge to invest and the price is constantly changing. However, I think that ordinary people have a better understanding of Bitcoin than in previous years, and it has become a little easier to convince them to invest in Bitcoin. Don't you think so?

[Victorybit1]

Sure, Bitcoin might be risky, but have you ever tried letting a Tesla drive you around in autopilot mode? Now that’s a thrill ride! Or how about sitting on a Boeing 737 and realizing that sometimes even the skies have their surprises? Compared to that, Bitcoin’s volatility is just a little spice in the investment soup. At least with Bitcoin, you’re in the pilot’s seat—no autopilot required!

Lol 🤣, I think I can relate to the statement as everything in this world is risky whether you are a real estate business typhoon or just an ordinary business man or even a working class citizens there are so many situation that we can relate that revolves around that particular thing you are doing being risky. Bitcoin is no exceptions but understanding that its volatility is just what makes it really interesting and even the course of its massive popularity just make everything work fine with an investment in Bitcoin.

[NotATether]

Bitcoin is risky but only in the short-term. Long term it appears to pose no risks for your financial holdings, unlike a bunch of other coins that can't even get their own futures secured, and it reflects on their prices when they can't even reach their own ATHs for several years.

So there is some risk when buying Bitcoin, but that should only be of concern to crypto traders. Normal people who just want to HODL bitcoin should not have to worry about this.

[Don Pedro Dinero]

I would put it the other way around: what is risky is not having bitcoin.

I am also not someone who fully understands the advantages of Bitcoin, but I have been increasingly convinced that Bitcoin is something extraordinary whose scope is not only limited to price.


Source image: bitcoinmagazine

That's actually NOT right. Gold has also been going up, but a much slower speed, with much lesser volatility if we compare it to Bitcoin. It's currently in its own all time time high right now. For people who don't want the volatility, and merely want a slower surge in price, then Gold might be the more preferable investment.

¯\_(ツ)_/¯

But Gold has taken it more than 20 years for its 10x. Bitcoin can surge to 10x in mere months.

Yes, but it gives you an idea. Let's complete the chart with this one, the bitcoin vs USD purchasing power chart:



Is it becoming clear what is riskier and what is not? Risk, of losing capital or wealth, should not be confused with volatility.

[Wind_FURY]

I would put it the other way around: what is risky is not having bitcoin.

I am also not someone who fully understands the advantages of Bitcoin, but I have been increasingly convinced that Bitcoin is something extraordinary whose scope is not only limited to price.


Source image: bitcoinmagazine

That's actually NOT right. Gold has also been going up, but a much slower speed, with much lesser volatility if we compare it to Bitcoin. It's currently in its own all time time high right now. For people who don't want the volatility, and merely want a slower surge in price, then Gold might be the more preferable investment.

¯\_(ツ)_/¯

But Gold has taken it more than 20 years for its 10x. Bitcoin can surge to 10x in mere months.

Yes, but it gives you an idea. Let's complete the chart with this one, the bitcoin vs USD purchasing power chart:



Is it becoming clear what is riskier and what is not? Risk, of losing capital or wealth, should not be confused with volatility.

That's the point of the Central Banking scam. The Cabal is making the people poorer the longer we hold/use the fiat currencies that the Cabal has control over - The Money Printer.

That's absolutely why we need to HODL Bitcoin as a back-up/fall-back. The people who discourage HODLing because "reasons" are probably not informed.

Read - A History Of Central Banking And The Enslavement Of Mankind, https://archive.org/details/stephen-goodson-a-history-of-central-banking-and-the-enslavement-of-mankind.org

[peter0425]

Investing in gold, land, oil, and even stocks can be risky. Like other things, Bitcoin can be a risky investment, considering that you need modern knowledge to invest and the price is constantly changing.

I think anything you put your money in will always have risk.

If someone offers you 100% guarantee that your money will grow most likely that is a scam. Even well thought out businesses still have risks because there will always be factors we can’t control.

However, I think that ordinary people have a better understanding of Bitcoin than in previous years, and it has become a little easier to convince them to invest in Bitcoin. Don't you think so?

I would agree. I think we can thank the fact that bitcoin has existed for this long and has continued to grow which has convinced a lot of people that bitcoin is not some scam and a legit investment opportunity.

People got more open-minded with technology as well which helped. Not only young people but also even older generations

[Oshio-man]

For sure Bitcoin is risky, but that's the main reason why it is backup by stats and facts. Show your friend the recent stats of uprising gains and benefits of bitcoin it will change his life.

Don't forget that anything that has risk, have some potential reward at the end which it take those that are bold in the industry to take the risk to invest in bitcoin, because they know that there will be reward when time of harvest come in the industry. Those your friends you show your gain and they show interest without learning the business, do you think they will earn gain like you that have the skills of the business, if they can go for the skill first, I think they can like what they are going to earn from the business in the future, there are some people that join the business based on the gain involved, but they never settle down to think about the basics things about bitcoin business, which are some of the things newbie need to have before embarking on bitcoin business.

[AprilioMP]

That's the point of the Central Banking scam. The Cabal is making the people poorer the longer we hold/use the fiat currencies that the Cabal has control over - The Money Printer.

People work day and night to get money to meet their daily needs. They can continue to print money without working so that the money we have is increasingly worthless.
Indeed, this is a scam that is made so that people never think and study easily deceived by the system. Even such types of people continue to say Bitcoin is risky so there is no need to own Bitcoin, just collect fiat.

That's absolutely why we need to HODL Bitcoin as a back-up/fall-back. The people who discourage HODLing because "reasons" are probably not informed.

For and in my opinion, I use Gold as a reserve fund that I can sell when I need funds for sudden needs.
Bitcoin remains an asset that I hold long term, at least its age is based on a four-year cycle.

[Blitzboy]

Bitcoin is more than an investment. An entirely new approach to money. Its volatility and disruptiveness are not for everyone. Everything wonderful began as a risk. Once, the stock market, digital banking, and even humans were gambles. Bitcoin has no distinction.

You must be smart to participate. Do your research on technology, market, and hazards. Dont join because someone made money quickly. Winners dont play that way. Bitcoin is not about instant riches. Being part of something bigger. Finance's future is at stake. I can tell you the future is bright.

Definitely volatile. Volatility offers tremendous opportunity. If you're smart and prepared, you can make a lot. Dont allow Bitcoin's volatility deter you from investing. Take it in. Consider it a test of your intelligence and foresight.

[CageMabok]

In my opinion, no investment is 100% safe. How many thousands of people in Ukraine have left their luxury homes?

Investing in gold, land, oil, and even stocks can be risky. Like other things, Bitcoin can be a risky investment, considering that you need modern knowledge to invest and the price is constantly changing. However, I think that ordinary people have a better understanding of Bitcoin than in previous years, and it has become a little easier to convince them to invest in Bitcoin. Don't you think so?

I think so too, but land and gold can also be considered as a form of investment as long as they don't make us lose in a certain period of time. Although assets such as land also need to be seen where they are located and the level of security of the environment itself, don't let us have land in a country that is at war like you said. As for Bitcoin itself, I think it is already a fairly complex investment because it is not that difficult to maintain and also continues to have the potential for further price increases and this has certainly made all eyes turn to see Bitcoin as a much better investment asset than the two assets I mentioned.

[mirakal]

Doubts, uncertainty, worries, etc. All these things are expected to be heard from people around, as they never know yet about bitcoin. But that is understandable because we were also in that situation before, and we only gain interest and trust when we already understand it. That is why introducing this to other people needs some patience and understanding of their views. Telling them the truth helps them decide whether to invest or not, depending on their risk appetite.

This is the fact that we don't need to force people to invest but instead give them ample time to think because, in the end, their decision has a huge impact on their investment journey. Their willingness and trust are quite important because this is a key factor in success. 

[GeorgeJohn]

If you only see Bitcoin as an investment then there is some risk involved. Independently of its financial value,

Already bitcoin is risk investment from the day it was established, that's  why during 2020 people make different thread to educate others that we should not make bitcoin our main source of generating income, bitcoin investment have a higher risk because the price in the market never been stable, it always fluctuates in price, its obvious that you can purchase bitcoin now and in the next one week the price can start to crash, for accept of independent assets bitcoin is there, so for the investment don't give bitcoin 90%

Just like everyone has already said, Bitcoin is volatile. volatility is a better word to describe the market. Something risky is something that's not to be trust as it could either be scam or a scheme of which Bitcoin isn't any. This is more reason why people should try their best to carry out enough research before investing on any new ideas they were introduced to. Sometimes it's their mindset that is actually wrong. They hear Bitcoin and think that they can become rich over night. That's not how it works. You can educate them about Bitcoin and tell them the difference from altcoins. Compared to Bitcoin, altcoins are more volatile in nature. 1% price dip in Bitcoin is a 100% for altcoins.

That's one of the objectives of people who noticed bitcoin investment newly, they think if they ventured into bitcoin investment today probably They will make alot of money through bitcoin, so that's while they giot it wrongly, if someone want to succeed in anything what you need to do is to make sure you make your own research towards the thing you are looking up to, so I believe that with that you get it better,  but people who is interested in bitcoin don't bother to do such, that's why they kept experiencing disadvantages aspects of bitcoin investment.

[Hatchy]

but people who is interested in bitcoin don't bother to do such, that's why they kept experiencing disadvantages aspects of bitcoin investment.

The truth about this is that they are introduced by the wrong people or individuals who obviously or in one way or the other wants to scam them of their money and since they are new to the crypto space they can barley different a scan from a legit person. In most countries people whom have little ideas about bitcoin turns it into a mean of making profit. They create books, ebooks and social channels just to pass on wrong informations to young wanna be investors. And to make it all look good, the money they steal from these people they use it to buy expensive items and post false updates to make others believe it's that easy.

[ndutndut]

In my opinion, no investment is 100% safe. How many thousands of people in Ukraine have left their luxury homes?

Investing in gold, land, oil, and even stocks can be risky. Like other things, Bitcoin can be a risky investment, considering that you need modern knowledge to invest and the price is constantly changing. However, I think that ordinary people have a better understanding of Bitcoin than in previous years, and it has become a little easier to convince them to invest in Bitcoin. Don't you think so?

I think so too, but land and gold can also be considered as a form of investment as long as they don't make us lose in a certain period of time. Although assets such as land also need to be seen where they are located and the level of security of the environment itself, don't let us have land in a country that is at war like you said. As for Bitcoin itself, I think it is already a fairly complex investment because it is not that difficult to maintain and also continues to have the potential for further price increases and this has certainly made all eyes turn to see Bitcoin as a much better investment asset than the two assets I mentioned.

Of course, all investments have risks, including bitcoin. But among the investments you mentioned, bitcoin may be much better. Although bitcoin has great profit potential, you also need to be aware that bitcoin has various risks associated with Bitcoin investment. These risks include Bitcoin's volatility and price fluctuations, where the price of Bitcoin is very volatile and can change quickly at unexpected times. So, you must be prepared for uncertain market fluctuations and the risk of losing some or all of your investment if the price of Bitcoin suddenly drops and you panic and sell it.

And the risk that often occurs to beginners is not maintaining wallet security properly. Because so far bitcoin has often been the target of hacking and cyber attacks. Cybercriminals can steal bitcoins or access your wallet if it is not properly protected. So, it is very important to use a secure wallet and store the seed phrase in the safest place. Despite these risks, bitcoin may no longer be a high risk, especially if you invest in bitcoin for the long term.

[BitGoba]

Bitcoin is not a crypto
Aside from a few superficial similarities, Bitcoin and crypto have nothing in common

Bitcoin is a monetary network and the only currency that operates without a central leader or group of leaders. Its users don't have to trust anyone, which makes it truly peer-to-peer and resistant to censorship or control.

In contrast, crypto is centrally controlled and created to generate quick profits for its creators or early investors at the expense of later investors. It relies on strong marketing of lies, deception, and fraud. As the saying goes, 'the house always wins,' and this is especially true for crypto
Crypto is more similar to the fiat system
The process of money creation is handed over to private bankers. The private owners of central banks are the ones who control the creation of fiat money.just like with crypto

[BitGoba]

Very few people truly understand what Bitcoin is and why it is so valuable, which attracts scammers who exploit this ignorance. It is crucial to know the difference between Bitcoin and "crypto" or shitcoins. When you say Bitcoin, it refers to the invention of the hardest money ever in monetary history and a major leap in the evolution of money. It represents freedom and ultimate financial power for the sovereign individual. When you say "crypto," it means garbage, shitcoins, lies, deception, fraud.

Money has taken many forms throughout history, but it consistently fulfills three essential functions: a store of value, a unit of account, and a medium of exchange.

Medium of exchange: Money allows people to exchange it for other goods or services. It is the ultimate good for which any other good or service can be purchased. With money, all products of human labor can be traded.

Unit of account: Money serves as a means to express the value of a particular good or service.

Store of value: It maintains its value over a long period so that it can be exchanged for goods and services when needed.

 Throughout history, many goods, objects, and materials have played the role of money. From glass beads, shells, copper, lead, aluminum, silver to livestock and gold. Over a long period of history, money has evolved to the point where goods, objects, and materials used as money can have value without serving any other 'essential' purpose, like gold. Instead, its sole use is as money, i.e., a store of value, a unit of account, and a simple means of exchange for other goods at any time you wish.

Certain key characteristics of money, such as divisibility, portability, durability, scarcity, and ease of verification, have been common to the money that people have used throughout monetary history.

Given that a quality currency is one that is scarce and difficult to multiply, gold was the dominant form of money throughout history (hard money). The reason for this lies in the fact that gold is extremely scarce in nature and very difficult to produce. Hence the term "hard currency" or "hard money" is used. Today, with a newly mined gold production rate of only about 2% per year, gold represents one of the rarest metals in the world and, until the discovery of Bitcoin, was the hardest money in monetary history. Gold and Bitcoin share numerous similarities in their concepts. The proof-of-work algorithm used for Bitcoin mining is very similar to the process of gold mining. In both cases, a lot of resources, money, time, and energy are needed to obtain gold or Bitcoin. Due to its fixed supply of 21 million, Bitcoin is the hardest money ever in monetary history and represents a significant leap in the evolution of money.


Gold did not fulfill all the characteristics that good money should have. It was not easily portable, and it was not divisible, which led to the use of other metals like silver for smaller payments. Easy verification was not possible because counterfeit gold coins began to appear en masse, leading to the establishment of banks and the issuance of paper money, and eventually, today’s fiat central banking system. Gold was deposited in bank vaults, and banks issued paper certificates to depositors, certifying that they owned gold in the vaults. These paper certificates, known as banknotes, became the medium of exchange and currency. Later, bankers began printing many more paper certificates than the amount of gold in the vaults, giving rise to today’s fiat system.


All easy currencies, such as central bank currencies like USD or EUR, become worthless over time because they can be easily multiplied, and central bankers can print them as much as they want. Currently, the inflation rate in the Eurozone is around 6%. This means that every year, fiat currencies lose about 6% of their value, and the 100 euros you have today are worth 6% less than the 100 euros you had last year.

Therefore, fiat currencies do not perform well in one of the most important functions of money—acting as a store of value. With fiat money, due to excessive printing, there is the possibility of runaway hyperinflation caused by overprinting. As the name suggests, hyperinflation is inflation that develops rapidly and progressively, and even despite vigorous attempts to contain it, ends in a complete disaster of the fiat monetary system. For this reason, fiat money is unsuitable and highly risky for saving and long-term storage

Bitcoin was launched at arguably the best possible moment. Rarely has the issue of money been more relevant than it is today. With its absolutely limited supply of 21 million, Bitcoin stands in complete contrast to fiat money from central banks, which can be printed without limit. Its limited supply provides protection against the devaluation of your money, as is the case with all fiat currencies issued by central banks today, which lose value daily.

Due to its unique design, Bitcoin is created to preserve purchasing power over the long term.

[DeathAngel]

I’d argue that owning zero Bitcoin is risky. Bitcoin is the  best performing asset of the last 15 years. Sure we still have volatility but that’s a feature, not a bug, if you can use it to your advantage. Don’t get left on the sidelines, Bitcoin is about to pump hard soon.

[Value.Virtue]

Recently I had to explain to a friend what I was focusing in on financially speaking and I brought up crypto, specifically bitcoin. He was confused at first because he heard that it was unstable and risky. I knew that he already has a bad image of bitcoin so there was an urge to defend bitcoin but in the end I did not.

Because it was true. Crypto is volatile and even though Bitcoin has proved itself to continue to rise even after each dip, its price is still unstable. I realized that this does not necessarily have to be a bad thing especially if you are knowledgeable enough to minimize these risks. It was easy to get defensive but, in the end, I just explained to that friend that that is why it requires much attention and studying.

Do not lie to people about what crypto is just so they would not think of it as something not worthwhile. Rather explain eagerly. I did this so that my friend would not worry about my financial state and if he ends up becoming interested in bitcoin then I would be glad to continue teaching him.

Yes Bitcoin is volatile and when one invest in Bitcoin for long period of time it is only the price of Bitcoin that will fluctuate but the total number the individual bought will always remain intact, whereby if the investor purchases it with spare money and leaves it for a very long period of time he will surely make some good money, I think with these reasons they may want to try investing.