Bitcoin is risky

[Wildwest]

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.

Bitcoin is the safest place for long-term investment in the online world. I always tell my friends that if you want to change assets in the future, the best choice is Bitcoin. Everyone admits that Bitcoin is a big risk when predictions in the opposite direction do not match our expectations. For me, it only changes once a year, so the future investment in Bitcoin is very feasible.

[Altryist]

The discussion you had with your friend on Bitcoin and crypto is balanced, actually down-to-earth. You mention the volatility and risks around Bitcoin yet point out education and proper judgment; that indeed is a sign of information. It is good to be honest about the state of cryptocurrencies since indeed those are well-known for being volatile. You help paint a correct picture of investment by explaining risks and the need for rational decisions without being openly promotional about Bitcoin. This approach not only will help you meet your friend's expectations but also manifest that you are serious and situation-conscious. If interested, it opens up your willingness to read further and leads into an informed, thoughtful crypto conversation.

Volatility is just one of the possible risks for this asset and especially for a beginner at first it can become an insurmountable obstacle if he has to face a big correction. Yesterday before going to bed I saw a video about investment recommendations and there the person very competently talked about risky assets and what part of the portfolio should be occupied by risky assets. Mainly he talked about bonds, stocks, real estate and other assets, their profitability is not as high as that of bitcoin, but the risks are lower, so we must determine how much we are willing to risk ourselves, in such decisions you can not trust other people, and if there are doubts about some asset, it is better to exclude it until you fully study it.

[Shadiq]

Bitcoin is the safest place for long-term investment in the online world. I always tell my friends that if you want to change assets in the future, the best choice is Bitcoin. Everyone admits that Bitcoin is a big risk when predictions in the opposite direction do not match our expectations. For me, it only changes once a year, so the future investment in Bitcoin is very feasible.

The risk in long term bitcoin is very low, but I think a person should not over invest in bitcoin. Bitcoin is the ideal investment area to invest in. Just because it's long, doesn't mean you should invest all your money in Bitcoin. Such investments are likely to incur losses.

[kawetsriyanto]

Volatility also has a positive side when people understand the journey of bitcoin because people can take advantage of the decline to make purchases and vice versa can take advantage of the perfect increase to generate appropriate returns. If it can be utilized then we agree that Volatility will be something more positive in its journey.

The chart posted by SquirrelJulietGarden above perfectly described about this. When someone the price history of Bitcoin, they must realize the potential of Bitcoin and won't be afraid to hold Bitcoin for a long term.

Everyone has different investment steps and sometimes they hold and sometimes they sell. Although in our understanding who do not really understand trading consider holding bitcoin in the long term is a good choice.

It is not a step, but it is people choice in utilizing Bitcoin. Sure, sometimes people trade although they are holding Bitcoin as well. Although someone decide to be a long term holder, it is not impossible that they will trade Bitcoin at any time. Ideally, they must trade because they know how trade properly. Trading Bitcoin will be more secure because even people fail trading it, people can hold it for a long term goal.

But for those who understand trading and have the courage, trading is definitely the best way to make money.

It is the same as you claim someone is better to invest if he understands more investment. 
However, someone can do both trading and investing together. There is no problem to do both as long as someone has good knowledge. It is not a must to choose one of them. Even, doing both will open up opportunities for more profits.

You may call it "saving" or "investing", but it's not the HODLers' fault if Bitcoin's value is always going up ~

Why its the fault of Hodlers? They do the right way, it is nonsense to call "HODLers' fault". 

Plus it may not only be "saving" or "investing", it may also be called "hedging" against the legacy financial system.

Yep, you can call whatever it is. But there will be always the risk.

[legendbtc]

The discussion you had with your friend on Bitcoin and crypto is balanced, actually down-to-earth. You mention the volatility and risks around Bitcoin yet point out education and proper judgment; that indeed is a sign of information. It is good to be honest about the state of cryptocurrencies since indeed those are well-known for being volatile. You help paint a correct picture of investment by explaining risks and the need for rational decisions without being openly promotional about Bitcoin. This approach not only will help you meet your friend's expectations but also manifest that you are serious and situation-conscious. If interested, it opens up your willingness to read further and leads into an informed, thoughtful crypto conversation.

Volatility is just one of the possible risks for this asset and especially for a beginner at first it can become an insurmountable obstacle if he has to face a big correction. Yesterday before going to bed I saw a video about investment recommendations and there the person very competently talked about risky assets and what part of the portfolio should be occupied by risky assets. Mainly he talked about bonds, stocks, real estate and other assets, their profitability is not as high as that of bitcoin, but the risks are lower, so we must determine how much we are willing to risk ourselves, in such decisions you can not trust other people, and if there are doubts about some asset, it is better to exclude it until you fully study it.

Many people think that bitcoin is risky because of its high volatility and if one understands its volatility, investing in bitcoin is almost risk-free. That is a misconception, bitcoin has a lot of potential risks that we need to be concerned about. Risks like legality and popularity, it is not globally recognized yet and can be banned at any time. Not to mention it is just a virtual asset based on the internet and storing it can sometimes be considered convenient but potentially risky if the user does not have basic knowledge of security...Overall, investing in bitcoin is not as safe as we think.

I still stand by my view on bitcoin, high return high risk, low return low risk. No asset can give high return low risk including bitcoin.

[COBRAS]

Bitcoin like scam investments,but with no way take all money and go with money away from investors.But if someone crack BTC, price drop to 0 in a minutes.Bitcoin have strong security, some other coins not,some people's drain wallets of a users,but users dont know what they use not secure coins before coins go away...

[Rustam Meraj]

The discussion you had with your friend on Bitcoin and crypto is balanced, actually down-to-earth. You mention the volatility and risks around Bitcoin yet point out education and proper judgment; that indeed is a sign of information. It is good to be honest about the state of cryptocurrencies since indeed those are well-known for being volatile. You help paint a correct picture of investment by explaining risks and the need for rational decisions without being openly promotional about Bitcoin. This approach not only will help you meet your friend's expectations but also manifest that you are serious and situation-conscious. If interested, it opens up your willingness to read further and leads into an informed, thoughtful crypto conversation.

Volatility is just one of the possible risks for this asset and especially for a beginner at first it can become an insurmountable obstacle if he has to face a big correction. Yesterday before going to bed I saw a video about investment recommendations and there the person very competently talked about risky assets and what part of the portfolio should be occupied by risky assets. Mainly he talked about bonds, stocks, real estate and other assets, their profitability is not as high as that of bitcoin, but the risks are lower, so we must determine how much we are willing to risk ourselves, in such decisions you can not trust other people, and if there are doubts about some asset, it is better to exclude it until you fully study it.

I agree that investing in things like bitcoin can be very risky especially for those who are just on beginning level. It is important to remember that bitcoin value can go up and down quickly and you could lose a lot of money. Video you watched had good advice about spreading your investments across different types of assets like bonds stocks and real estate which are less risky than bitcoin. You should think carefully about how much risk you  can take and make your own decisions based on what you have learned. If you are not sure about investment it is better to wait until you understand it better.

[blackberrman]

Yes it is true that Bitcoin is very profitable while being risky.  If we want to beat this risk, we must hold it for a long time.

[fredericktaylor]

Because Bitcoin's price fluctuates so much, investing in it carries risk just like any other investment. Bitcoin's price is never steady. Once more, investing in Bitcoin has the potential to yield the highest returns because there is always a good moment to make an investment and a proper time to hold and sell it. Because novices who want to invest in bitcoin without knowing the ins and outs of the market are, in my opinion, naturally risk-averse, I believe that bitcoin is a safe place to make investments.

[CageMabok]

Bitcoin is the safest place for long-term investment in the online world. I always tell my friends that if you want to change assets in the future, the best choice is Bitcoin. Everyone admits that Bitcoin is a big risk when predictions in the opposite direction do not match our expectations. For me, it only changes once a year, so the future investment in Bitcoin is very feasible.

The trigger for Bitcoin price changes will always be there every year because it is also related to the panic in the minds of investors and Bitcoin holders in large numbers when they see events that can harm the world's economic sector. However, for investment assets, Bitcoin is clearly an asset that is very worthy to be chosen and owned by everyone who really understands its performance and also really knows about Bitcoin. And for those of you who still give advice to your friends so that they can invest in Bitcoin, you must also explain the level of risk in Bitcoin investment so that they not only have to have capital, but also have a level of knowledge and patience in investing in Bitcoin.

[CoinFoxs]

The risk in long term bitcoin is very low, but I think a person should not over invest in bitcoin. Bitcoin is the ideal investment area to invest in. Just because it's long, doesn't mean you should invest all your money in Bitcoin. Such investments are likely to incur losses.

Every business in the world is risk associated and if you earn profit you have to take risks, these risks will make you millionaires or billionaires. So with bitcoin both short term and long term investments are profitable only when you done market analysis before investing the capital amount. It usually depends on your capital amount, if your capital amount is above 100k US dollars then go for short term trading you can easily earn between 1200$ to 1650$ weekly or after 3-4 days as the price is fluctuates daily.

[Onyeeze]

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!

there is no business without risk and the way I'm seeing things bitcoin is not the worst investment that involve risk but the thing is that we need to understand the procedures of Bitcoin before we invest in it that has been the major lapses many people normally find themselves for bitcoin investment, it is clear and understanding that when you invest in Bitcoin with the understanding which is you have make much inquiring different research concerning Bitcoin you will not consider it any longer as a risk investment based on you have known they advantages and the disadvantages of Bitcoin before you invest the people that consider bitcoin investment as a risk and the people who have not understand it very well

[Raflesia]

Because Bitcoin's price fluctuates so much, investing in it carries risk just like any other investment. Bitcoin's price is never steady. Once more, investing in Bitcoin has the potential to yield the highest returns because there is always a good moment to make an investment and a proper time to hold and sell it. Because novices who want to invest in bitcoin without knowing the ins and outs of the market are, in my opinion, naturally risk-averse, I believe that bitcoin is a safe place to make investments.

It tends to be more of a trading concept, my friend, compared to investing because after all, for investing in bitcoin, the initial context is definitely only based on the long term, so the current market situation will not have any impact because our goal is not today, especially since we will continue to hold the investment that we make in the end because the goal is for the long term, so why look at market conditions that only make you worry? In addition, buying and selling quickly is also not a context in investing because you buy and sell when you make a profit, even though it is a good thing, but the concept is a trading concept not investment.  And you should know that trading and investment are different, even though the context is still in bitcoin as a reference, but they are 2 different things.

[Antotena]

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.

I'm not sure if someone has told you already but next time, use a good caption because your post didn't match your caption.
Bitcoin is risky, everybody knows that. The only investment that is not risky in this life is scam and ofcourse, you know the direction where scams goes, you will lose everything while Bitcoin still has the opportunity to give you second chance if the market settle again, when you are scam you are going to lose everything that you have on their scheme.

On the introduction of Bitcoin to second party, I think literally everyone knows much about Bitcoin. The aidrops that has been going on the past few months and weeks gave everybody some money to know about crypto and I'm very sure they know how volatile the market is already. Sugar sweeting Bitcoin to anyone right now is a waste of energy and saliva.

[Dzwaafu11]

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.

Your friend did not see any bad image of bitcoin; what he thinks is real and true. Of course, bitcoin investment is risky, and also the market is unstable (volatility). He heard that the market is very volatile, and there is also a risk that is attached to bitcoin investment.

But still, you can defend this because, to me, it is just something simple that everybody knows about bitcoin. You can simply educate him on how to come over these two things he thinks can stop him from investing in bitcoin. You just have to let him know that in every investment there is risk, and one must take risk before being successful in a bitcoin investment.

So to me, this is a normal thing that he knows and happens in the crypto space. Also, let him know about the instability of the market, which is the nature of the cryptocurrency market that no one controls. Operating on its own and investing for a long time will make him money after holding for a long time, so he should have no fear about that. 

[kbhutto]

Yes, of course there is a risk in every person who wants to make something that makes a big profit and cannot be separated from the word risk. In the real world, if you want to develop, especially be prepared for the risks you will accept, as is the case with Bitcoin. Let's look at bitcoin in general, its value is very high, so we want to put money into investment and if in doubt, switch to property or real assets to make it safer, such as gold and land, there is no risk in investing.

[Churchillvv]

OP I like the fact that you accept that bitcoin is also a risky investment, apparently everything on earth is risky but it's our choice and duty to chose the type of risk we want to be taking, in the current situation of things inflation has become the biggest risk of all time become whether you're concerned or not it affects you in one way or the other, so perhaps everyone on earth takes risk and investing in bitcoin is quite less risky to other currencies e.g fiat faces inflation in a long term, other cryptocurrencies faces high volatility that could bankrupt you but in bitcoin you have full control of your money and the risk isn't that much if have a good knowledge of how it works which is paramount in every investment including real Estate you must know how they work before you invest in it.

[gunhell16]

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, it is true that investing in Bitcoin is risky, but even so, it is already proven and tested for long-term investment, and most people who try to invest in it know this. And we investors just need to be smart about investing.

And it's only right that we remind people who ask us about Bitcoin, so that at least if they try, we don't lack a reminder.

[summonerrk]

Yes, of course there is a risk in every person who wants to make something that makes a big profit and cannot be separated from the word risk. In the real world, if you want to develop, especially be prepared for the risks you will accept, as is the case with Bitcoin. Let's look at bitcoin in general, its value is very high, so we want to put money into investment and if in doubt, switch to property or real assets to make it safer, such as gold and land, there is no risk in investing.

Cryptocurrencies are often called high-risk assets, but in fact, we are constantly taking risks. Regular stocks on exchanges are also very risky. They collapse more than many shitcoins, and this is despite the fact that the stocks are backed by physical objects!
Therefore, my choice is only Bitcoin. Because I can hold it without intermediaries, and stocks from exchanges do not have this advantage. They are always nominally with an intermediary.

[bigvilley]

I had a similar chat with a friend recently about Bitcoin. They were skeptical because of its reputation for being so unstable. I was tempted to defend it, but honestly, Bitcoin is pretty volatile, and that’s a fact. I just told him straight up that it's not all sunshine and rainbows, and you need to keep an eye on it if you’re involved.