Bitcoin is risky

[Distinctin]

Good thing if you end up convincing him and change his wrong concept towards bitcoin. But that's not always the case because I've met a lot of friends whom they really stick to their own beliefs even if they know at some point that what they believe are the false ones.

It pays to be honest actually and tell the people about the risks involved in bitcoin investment. If they think it'll be hard for them to deal with it, then they need to avoid bitcoin in the first place before big losses happen to them.

[Wind_FURY]

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.

You actually didn't include the most important part of that post,

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

Everyone of us plebs should READ that book and learn/understand how we're getting the shorter end of the stick! But if you don't read and/or lazy, there's an audio book!

Listen - A History Of Central Banking And The Enslavement Of Mankind, https://youtube.com/playlist?list=PLZ7GdlPK75_tXJYVzkCId2SYEjBLjnU9E&si=sfedMi4n2ucwTpLZ

[stadus]

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.

Well, the risk is still there but undeniably, there is bigger risk in trading than hodling. But if you are completely aware about those risks and you’re knowledgeable enough on how to overcome those risks, I think you will end up lessening them instead and still make bigger returns at the end of the day.

Always bear in mind that whatever has uncertain future will always be risky, even life itself. But we all know we don’t need to avoid those risks, but with knowledge, developed skills and enhanced strategies, we will slowly conquer those risks until we’re confident enough to just limit our losses and maximize our gains.

[wahyuagung26]

Bitcoin is indeed one of the risks, whether the user is a trader or who stores their assets as an investment in the form of savings or investments that have a time period, but from individuals who may have never understood this crypto, it tends to create feelings that are not good for them to do, and it seems they will consider a bad image of crypto when they never understand and live this crypto.

this is a natural thing for us to say, honestly they can change their perspective if they participate in understanding crypto today, they should know this is something valuable for every investor.

[yudi09]

Totally agree. Bitcoin’s volatile, but that’s the deal. Being honest about the risks and rewards helps keep things clear. If your friend’s curious, you can guide them through it.

Voltage is what makes Bitcoin different from other assets like gold.
Risk, everything has risks. There are risks with gold. One is that the process of getting returns takes too long. There are also risks with Bitcoin. One is the risk of not being able to properly maintain the private key or seed phrase. I didn't mention the risk of Bitcoin regarding the price because the price can change in a very short time.

What is your opinion, why should you agree with other people's opinions.

[Stable090]

Do not lie to people about what crypto is just so they would not think of it as something not worthwhile.

Why will I lie about crypto? I'm going to tell anyone I'm introducing to crypto everything they need to know, and then it’s left for them to invest or not. I can’t lie to anyone just because I want them to invest, if they join and things don’t go well, I'm going to be blamed for that, and I will end up being a bad person to those people, so it’s just better if I tell them the truth. Yes, I know crypto is risky, but all investment is risky, and not only crypto, so any investment you trying to venture into has risk involved in it.
 
If I tell anyone about bitcoin, if they are interested in it, then it’s fine, and if they are not interested, that’s their problem, I can’t force anyone to invest.

[Dr.Osh]

Well, anyway, many people see that the fluctuations that occur in bitcoin are a big risk. However, some people also see it as an opportunity. I just think that people who see it as a negative are people who are not ready to accept bitcoin and how it works. Also, maybe the person is not suitable for trading, or investments that have high risks. So, I think rather than trying to convince him, it would be better if he finds out for himself and tries to analyze whether it is suitable for him or not.

[Awaklara]

Do not lie to people about what crypto is just so they would not think of it as something not worthwhile.

Why will I lie about crypto? I'm going to tell anyone I'm introducing to crypto everything they need to know, and then it’s left for them to invest or not. I can’t lie to anyone just because I want them to invest, if they join and things don’t go well, I'm going to be blamed for that, and I will end up being a bad person to those people, so it’s just better if I tell them the truth. Yes, I know crypto is risky, but all investment is risky, and not only crypto, so any investment you trying to venture into has risk involved in it.
 
If I tell anyone about bitcoin, if they are interested in it, then it’s fine, and if they are not interested, that’s their problem, I can’t force anyone to invest.

what you need to convey also that Bitcoin or maybe other crypto in general is not recommended for people who are oriented towards short-term profits. or profitable short-term investments.
although Bitcoin is volatile, everyone can see how the growth of Bitcoin prices continues to move up over a certain period of time. if you only see fluctuations in a short time, for new people it will only cause panic and distrust. but look at the long-term growth progress that Bitcoin has, it is very promising to have.

[Obim34]

Bitcoin is indeed one of the risks, whether the user is a trader or who stores their assets as an investment in the form of savings or investments that have a time period, but from individuals who may have never understood this crypto, it tends to create feelings that are not good for them to do, and it seems they will consider a bad image of crypto when they never understand and live this crypto.

this is a natural thing for us to say, honestly they can change their perspective if they participate in understanding crypto today, they should know this is something valuable for every investor.

A lot differences in your statement, Bitcoin doesn't impose any risk as per investing/holding, only for those who are quick enough to get back profits by holding for a shorter time and deciding to trade. As an investor, the goal is to purchase Bitcoin conveniently then hold for a long time, during the holding period there is always an increase in value worth of Bitcoin which guarantees profits to be made unlike the traders who risk portions of their portfolio just to earn more which they might end up getting no profits in return.

It will also be better identifying Bitcoin as Bitcoin and other Altcoins as Cryptocurrency because this are the one's with the actual risk, less secured Blockchain with less potentials, inability to keep the market running especially when experience the bear market.

[Nheer]

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.

A lot of people get the wrong idea about cryptocurrency and bitcoin which is probably due to misinformation. They cannot be blamed fully because they are ignorant about it and it’s easy for them to believe anything they hear about bitcoin.

Defending bitcoin will only make you look like you’re dragging him into investing because you are into it. Next time you should just explain to them what bitcoin is like so they don’t get the wrong idea about it and let them decide for themselves if they are willing to invest in it.

It’s just as you said it, Bitcoin and cryptocurrency is volatile in nature that why they are seen as an investment because they are capable of yielding profit but to get the best out of them one needs to study, learn and understand its basics and even more because it can also be as risky too.

[Fivestar4everMVP]

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.

Well, a good one actually, generally, it is very wrong to try to convince anyone to invest in bitcoin or any other cryptocurrency when such a person do not understand exactly the risk involved, this is something I've always tried my best to make sure people coming to me for Crypto advice and teachings understand.

Crypto in general is risky, it's not just bitcoin, every crypto asset in the market that is not a stable coin is volatile and that's their nature, but if we critically look at this, it's more like a blessing in disguise, the volatility of or in crypto assets is the major driver to our being able to make money from it on daily basis, I mean, without the possibility of a crypto asset being $1 at this moment, and just a couple of minutes later, it's already $1.2, how would "buying low and selling high" be even possible?

Those who understand crypto well know that the price fluntuations in crypto is a blessing, and not a curse, all we are required to do is learn how to effectively use this price fluntuations to our own advantage.

[Baki202]

Well, anyway, many people see that the fluctuations that occur in bitcoin are a big risk. However, some people also see it as an opportunity. I just think that people who see it as a negative are people who are not ready to accept bitcoin and how it works. Also, maybe the person is not suitable for trading, or investments that have high risks. So, I think rather than trying to convince him, it would be better if he finds out for himself and tries to analyze whether it is suitable for him or not.

The fluntuation that bitcoin price comes with is all part of bitcoin because if the price keep going up it will not longer be an investment for the poor but for the rich and it will miss its purpose because satoshi made bitcoin to be available for everyone, and the fluctuations of bitcoin is supposed to be an advantage, if it's down you buy and if it's up you sell, the only place I see risk is not more than trading but for those holding long are the safest because were ever their price stop either down or up it will continue that, so holding is even better than trading and even trading if you trade with Sence you might lose money but it won't be much but if you don't want to trade with sence then you might lose everything, and if you know how to manage risk then you have less of a problem. Still looking for more money to buy and hold so for now am still prefer trading to keep my self in business, better than not doing anything.

[Questat]

Bitcoin is certainly risky. There's no denying with that. One day you will see your investment skyrocketing its price, but the next day you'll find it already in the bottom, that's how risky bitcoin is. So if you're not patient and does not understand the market price fluctuations, you will definitely be pressured and become frustrated seeing your investment losing its value, but as long as you never decide to sell them at a low price, you'll never be at loss.

No need to sugar coat bitcoin. It's even a lot riskier than any other investments, that's why you have to study first and DYOR before you decide to risk your funds.

[Ryu_Ar1]

Good thing if you end up convincing him and change his wrong concept towards bitcoin. But that's not always the case because I've met a lot of friends whom they really stick to their own beliefs even if they know at some point that what they believe are the false ones.

It pays to be honest actually and tell the people about the risks involved in bitcoin investment. If they think it'll be hard for them to deal with it, then they need to avoid bitcoin in the first place before big losses happen to them.

If in the end someone wants to make this a good thing in the end they cannot be someone who is naive because after all we must realize that with what is happening in bitcoin now there is definitely a risk and it cannot even be prevented so we cannot close our eyes to the risk.

It's just that often our view is a little closed, especially for the worst possibilities just because we always want good things. That's what always happens for some beginners who are always in bitcoin especially with the lure of instant profits, it is clear that they will not think about the risks they will have and what the process will be like because they are only focused on the benefits they will get later.

[HelliumZ]

There's no denying that Bitcoin is an investment that carries risks. It is natural that investments other than Bitcoin will also carry risk but the psychological preparation to take that risk must be taken. There are many people who are not ready to take the risk of investing in Bitcoin and for them it is better not to invest in Bitcoin. The traditional rule is that just as there are profits to be made by investing in bitcoins, there are occasional risks involved in investing in bitcoins.

[MarjorieZimmermanGinger]

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.

There's no need to lie about anything because people can access information on the internet about it and now there is no hidden information when people want to find out. Bitcoin is speculative about its journey but one can be calm about the investment process that is carried out as long as they have knowledge. Bitcoin has shown resilience and there is always a recovery when facing corrections in the market and we also see that the recovery process is real.

What needs to be explained to people is how to deal with pressure mentally and not to panic in the investment that is carried out because bitcoin does not cause losses to anyone if invested properly and that can be achieved when people have knowledge when they want to start it.

[Farma]

There's no denying that Bitcoin is an investment that carries risks. It is natural that investments other than Bitcoin will also carry risk but the psychological preparation to take that risk must be taken. There are many people who are not ready to take the risk of investing in Bitcoin and for them it is better not to invest in Bitcoin. The traditional rule is that just as there are profits to be made by investing in bitcoins, there are occasional risks involved in investing in bitcoins.

Preparing yourself before deciding to invest is certainly very important for everyone who wants to invest, because we all realize that there is no type of investment that does not have risks in it, so without any preparation, someone who decides to invest will find it difficult for them to make a profit from the investment they are running and when someone wants to invest in Bitcoin, of course they must understand the investment well so that they can run it correctly and of course it benefits them because if they do not understand it well, they will make mistakes that are detrimental to themselves and for some people who do not dare to take risks in investing in Bitcoin, of course they only hear other people's stories about their failures in investing in Bitcoin but they themselves never try to learn so they also will not dare to invest in Bitcoin.

[Cryptmuster]

Bitcoin is certainly risky. There's no denying with that. One day you will see your investment skyrocketing its price, but the next day you'll find it already in the bottom, that's how risky bitcoin is. So if you're not patient and does not understand the market price fluctuations, you will definitely be pressured and become frustrated seeing your investment losing its value, but as long as you never decide to sell them at a low price, you'll never be at loss.

No need to sugar coat bitcoin. It's even a lot riskier than any other investments, that's why you have to study first and DYOR before you decide to risk your funds.

There are risks in all investments, I used to think that real estate investments could be one of the safest, but when military actions started in my country, many lost everything they had, and if by some miracle this real estate remained intact, it became useless, because nothing can be done with it. So the only lesson that can be learned from this is that we need to diversify our money into different assets, and bitcoin in this situation could be a good solution, because it can be easily transported even to other countries (which would be difficult to do with money or other assets). Of course, there are risks in bitcoin too, if you urgently need money and you are forced to sell in a bear market, this can also happen, but if in addition to bitcoin you also have stablecoins available, you will avoid this.

[Ale88]

I just explained to that friend that that is why it requires much attention and studying.

I only partially agree with this statement: bitcoin needs a lot of studying if you want to properly understand everything that happens behind the scenes but the reasons that brought Satoshi to create bitcoin are pretty easy to understand and simply based on that, for me, you get to decide whether you want to actually invest in it or not because if you disagree with Satoshi's vision then there is no point in buying bitcoin.

[Samlucky O]

Yeah, it is good we tell people the true nature of bitcoin. Because most people have that notion that bitcoin is a get rich quick scheme where you invest and make alot of profit, some people has also had the information that bitcoin is risky but never knew what makes it risky but telling them the true nature of bitcoin defines a good friend. You can include telling him about the early days of bitcoin when it was less than a cent and how it grew to $73k in the future. how buying and HODLing for long is more important than just thinking about the risk. Although it may be risky since it is volatile, but it's volatile nature make it increase as Time passes by. There is no business that is not risky so bitcoin is not an exception.