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cxtreenal (OP)
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Today at 03:41:22 PM |
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You will see many people who were once very wealthy but later become poor or their children are living in poverty. This is the cycle of wealth that changes hands from one person to another. Some call it luck or some criticize it as the result of work. Because whatever it is, it has happened in the past, it is happening now and it will happen in the future. Many people become poor due to the improper use of this wealth while the wealth is available.
Many have a lot of money but may not invest due to lack of proper knowledge about the potential digital assets like Bitcoin. Some do not seriously get involved in investment due to price volatility. They think that investing in Bitcoin is risky but those who have accumulated Bitcoin have benefited and received returns more than their expectations.
The idea that you have to take risks to invest in Bitcoin is not correct. You can accumulate Bitcoin in any form through weekly discretionary income. Basically, your discretionary income is to cover risks and build wealth.
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Hypnotizer
Full Member
 
Online
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Merit: 130
Spinly.io - Next-gen Crypto iGaming Platform
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Today at 03:53:28 PM |
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Since it still contains some level of risk no matter what strategy of investment you’re using, it is still a risky investment especially if you’re not going to Hodl for long term.
I understand where you point is going to but seems like you want to totally eliminate the narrative of risks involve in bitcoin investment but the truth is it is a very risky investment and the risks comes from volatility, nobody knows what will happen to bitcoin tomorrow or in the nearest future whether is will tenfold or it will crash..nobody knows and that’s why it is regarded as a risky investment.
You must have some level of risk management knowledge before you should invest in bitcoin because as an investor you’re a risktaker..you dey put money for Wetin you know no the outcome whether it will fail or not…this whole narration of yours about bitcoin not being a risky investment is very wrong.
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Agbamoni
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Today at 04:27:53 PM |
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All investments are risky, both Bitcoin and other investments.
The only true way to wealth is through investment, starting a company, or growing a business. Wealth is not made in a day. I always say it, whichever way you choose to get wealth, do it. Investment is not for everyon,e so is business. In all, do the one you can handle, and you will see wealth coming your way.
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Rockson1
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Today at 05:49:50 PM |
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All investments are risky, both Bitcoin and other investments.
The only true way to wealth is through investment, starting a company, or growing a business. Wealth is not made in a day. I always say it, whichever way you choose to get wealth, do it. Investment is not for everyon,e so is business. In all, do the one you can handle, and you will see wealth coming your way.
You said it right, every investment has its own risk attached but level of risk in every invest differs meaning that every investment is not in the same risk level, but what we should know is that all investment has an atom of risk attached to it. Of course that is true, wealth investment start with either of these you mentioned, it is just that it is a gradual thing, you made mention of something that got my attention which is, "investment is not for everyone" of a truth you are very correct, this is the reason why some persons fail while trying, I think this has to do with figuring out something that works for us.
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Shadiq
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Today at 05:57:15 PM |
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A person goes from rich to poor because of not using resources properly. In this case, waste, envy, laziness, etc. work. As long as you and your next generation continue to work at the same pace, you and your next generation will not go down, but will become richer. But the reality is different, the next generations do not want to work. "Good times make people lazy, and hard times make them hardworking" This saying is also meaningful in real life. Bitcoin may have nothing to do with this incident. When Bitcoin did not exist, people were still rich and were successful in their future plans.
In the recent digital era, Bitcoin can be a good choice for future planning and can bring good profits by fighting against inflation. But Bitcoin is not mandatory.
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Jubilee58
Member

Offline
Activity: 182
Merit: 45
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Today at 07:02:13 PM |
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Every business involves certain amount of risk, no matter how simple that business may look like. The only thing is that risk can be managed, and when we talk about bitcoin investment, people use to loose their Bitcoin asset for one reason or the other and despite Bitcoin volatility and price fluctuation which are some of the characteristics of bitcoin, the internet is filled with fraudsters which is one of the reasons we vehemently talk about protecting your Bitcoin asset, therefore if their is no risk, protecting your asset won't be necessary.
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Silikiem
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Today at 07:27:47 PM |
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We cannot totally do away with the risk associated with bitcoin investment, just like every other investment one embarks on, especially the one involving money. Bitcoin due to its volatile nature has every reason to be a very risky investment as nothing is really guaranteed in bitcoin investment. When it comes to the price fluctuations In bitcoin you can’t really predict it and you don’t know what the future will be on the long run. But the risk involved can only be managed or mitigated through the DCA buying pattern where you invest with a certain amount either weekly or monthly especially after you might have settled your basic expenses in such a way that even if the investment is not doing well at the moment you won’t fell the impact of the risk of going all out with the money you can’t afford to lose or the one you’ll be needing any time soon.
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Marykeller
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Today at 07:33:32 PM |
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Make we no dispute the fact, Bitcoin investment na risky investment. If you are not emotionally strong, have a side hustle or job and can't be patient, no come near am cos em go mess up your mental state up with the up and down price movement.
So, before anyone starts to invest in Bitcoin, make the peso have it at the back of their mind of what they are going into, so that as how the see the market, they won't react negatively to the price decrease, they will see it as an opportunity to accumulate more Bitcoin
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Mate2237
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Today at 07:38:19 PM |
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Wealth creation is a process that takes time, no matter how you make money without the right financial strategy and plan you are likely to end up poor and not be able to pass anything down to your children. This is why making money and sustaining it is quite different because you can know how to make the money but if you don't have the financial skills to know how to control your money you are likely going to end up been broke.
When it comes to investing in Bitcoin it all depends on the mindset of the person involved, the orientation of the person is very important and this is were knowledge comes to play.Anyone with a strong background on Bitcoin will know that when it comes to investing in Bitcoin there is no big deal there because Volatility that most people complain about even helps to correct the price of Bitcoin on the long run.
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BIT-BENDER
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Today at 07:43:00 PM |
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All investments are risky, both Bitcoin and other investments.
The only true way to wealth is through investment, starting a company, or growing a business. Wealth is not made in a day. I always say it, whichever way you choose to get wealth, do it. Investment is not for everyon,e so is business. In all, do the one you can handle, and you will see wealth coming your way.
Having no investment is also risky, for me risky doesn't play the major part in my choice for Bitcoin because I believe in brisky taking but why I choose Bitcoin is because it is a risky that I can actually trust and I have always trusted. Investment is not the only true way to wealth because their are CEO's, workers of big companies that are wealthy from working. What ever you can do well try to create wealth from it.
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ejikeme24
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Today at 07:59:23 PM |
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No that's not true, I think all investment are risky but the level of their risk differs. But if you ask me I would say that Bitcoin investment has a high level of risk due to its volatility so saying that Bitcoin investment is not risky is very wrong. If Bitcoin investment is risk free the crypto market might not even contain everybody because a lot of people would have invested because some people already have the interest to buy but the risk keeps pushing them back because they feel that the risk in Bitcoin investment is too much for them, but I must say that the risk in Bitcoin investment is just the same as other investment.
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ASloveapg
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Today at 08:14:34 PM |
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Not everyone can use wealth properly, there are many who inherit a lot of money, but they spend all that money after a while and after that they become poor, basically they did not use their money for the right purpose and could not earn more money by using money. And in this way, by wasting money in the wrong way and not doing any effective work, they lose everything at one stage. It is not enough to have wealth only but also to have sufficient knowledge to maintain it, those who can use all kinds of opportunities properly, they can actually become rich.
You must have the mentality of creating wealth, currently there are many people who are missing out on a potential opportunity like Bitcoin due to lack of sufficient knowledge, the fear of price volatility holds them back, while those who understand it over time, patiently deposit, have achieved good results in the long run, and we see this in reality. However, Bitcoin investment is not possible for everyone, especially those who are interested in earning short-term profits and who have little patience. Even if you have money, if you don't have the patience to hold it for the long term, you will never get effective results, so when it comes to investing in Bitcoin, it's not just about having money, but also having a strong mindset to hold it, as well as maintaining long-term goals.
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Donk1
Full Member
 
Offline
Activity: 210
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BETMOCO.com Premier casino
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Today at 08:22:42 PM |
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Well if I may say benefit isn't the issue the issue is can the person have patience with their investment Because as a Bitcoin investor, there will first of all be pressure from the market that has indeed made folks sell at a loss. So definitely the person's psychology must be strong enough to be able to invest properly without selling at a loss/ irrationally.
That said Bitcoin being a volatility asset definitely it's risky there is no two ways about it Even if it's you using your discretionary income to cover your risk, basically risk is risk no matter how big or small it is. So definitely to me it's all about willingness, determination with the right psychology, and being disciplined.if not an investor will have issues holding for the long term. So yeah while many folks have their reasons why they don't want to invest in Bitcoin I like to believe that it's their choice to make..... that's all for me.
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obuoma
Full Member
 
Offline
Activity: 203
Merit: 119
BETMOCO.com Premier casino
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Today at 08:32:02 PM |
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There is no investment that does not have any form of risk be it bonds and treasury bills, just that some investment are riskier than others. Bitcoin has a huge risk associated with it, we have seen many Bitcoin investor lose their funds to hack, lost of access to their wallet and all manner of reasons. This alone makes Bitcoin a very risky investment but the risk is still less than the gains that it can give, therefore it is worth taking. The risk in Bitcoin is highly minimized when you invest for long term and choose proper way to store the coins, probably keep them in device that is not connected to the internet.
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Agbamoni
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Today at 08:46:01 PM |
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You said it right, every investment has its own risk attached but level of risk in every invest differs meaning that every investment is not in the same risk level, but what we should know is that all investment has an atom of risk attached to it. Of course that is true, wealth investment start with either of these you mentioned, it is just that it is a gradual thing, you made mention of something that got my attention which is, "investment is not for everyone" of a truth you are very correct, this is the reason why some persons fail while trying, I think this has to do with figuring out something that works for us.
Crypto in general has the same risk, you can gain generational wealth in a day or lose generational wealth in a day. Bitcoin is the only investment with less risk, but only when you are investing for a longer timeframe due to the market's up and down movement. If you want a better less risk investmnet, it shouldnt be Bitcoin or crypto in general. Think of the stock market, mutual funds specifically, it would be a better much option but dont expect much wealth too.
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GIF-JOBS
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Today at 09:04:25 PM |
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There is no investment that does not have any form of risk be it bonds and treasury bills, just that some investment are riskier than others. Bitcoin has a huge risk associated with it, we have seen many Bitcoin investor lose their funds to hack, lost of access to their wallet and all manner of reasons. This alone makes Bitcoin a very risky investment but the risk is still less than the gains that it can give, therefore it is worth taking. The risk in Bitcoin is highly minimized when you invest for long term and choose proper way to store the coins, probably keep them in device that is not connected to the internet.
Nothing is risk-free, and similarly Bitcoin investment is certainly not risk-free, it also has its own risks, but as an investor we need to understand this risk first, and then make investment decisions through risk management. There is no such investment that is risk-free and similarly Bitcoin is not a magic way that can definitely make you rich. There is no guarantee here, only by holding it for the long term you can get high chances of success, and this high chance of success only comes in the long term but in the short term it is high risk, because of its volatility. And this is why we need to make investment decisions consciously by considering all aspects, since it involves risk, which if taken incorrectly, then it can also be a cause of failure for you.
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I_Anime
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Today at 09:15:54 PM |
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Have you heard of a risk free investment before , and bitcoin can also be seen as an investment, not only as an value Storer. Only the volatility in the market is already sign that bitcoin is risk because the price can literally change anytime , moving in a up and down movement and many are losing millions from those prices changes.
The good about bitcoin is that you can easily manage the risk compare to the other coins , that are way riskier than btc . That's why newbies are always adviced to stick with bitcoin .
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