Bitcoin Is risky... But living on fiat is riskier

[Plutomanian]

What's your opinion. Do you think people reject Bitcoin because it is truly too risky... or because its risks are easier to see than the risks of fiat?

What is risk if not taking the risk? Not anticipating in Bitcoin itself is huge risk and there's absolutely everything wrong with one not been able to take up the risk and win big. Bitcoin have become a regular project that incredible investors and traders relied on because they know exactly how this project have change their lives and become a versatile one.

If you ask these investors and traders, they will tell you how confident and consistent they've been in the market and trusting Bitcoin because it's very promising unlike most projects that have failed. Even if you ask people that have no clue about Bitcoin, they will tell you how their lives have been comfortable and earning good money because they see Bitcoin as investment that will extort money from their pocket and losses counts.

[moneystery]

Many people hesitate to hold Bitcoin because people keep saying it's a volatile asset, but if they understand, Bitcoin isn't that bad. While it tends to be volatile, it's only short-term fluctuations. If someone is able to hold it long-term, then the volatility isn't a disadvantage because it doesn't significantly impact Bitcoin's long-term development.
Unlike fiat, although it seems very stable, with increasing inflation and declining purchasing power over time, the fiat held will decrease in value. That's why we can't equate 1 dollar in 2016 with 1 dollar in 2026, because they have different real values.

[Royal Cap]

What's your opinion. Do you think people reject Bitcoin because it is truly too risky... or because its risks are easier to see than the risks of fiat?

In my opinion, people are not only afraid of Bitcoin's risk, they are actually more uncomfortable with fast change. Fiat also has risk, there is inflation, purchasing power is decreasing but since it happens slowly, people consider it normal, So even if they say it is safe, it is not completely safe.

However I will say that many Bitcoin supporters make a mistake, they sometimes talk as if fiat is completely useless and Bitcoin has no downside, In reality both have risks. Some will prefer a stable system, some will go for the high risk high reward side. So I will say that people reject Bitcoin mostly because its fluctuations are more visible, and people are usually more afraid of the risk that is visible in the future.

[Iranus]

However I will say that many Bitcoin supporters make a mistake, they sometimes talk as if fiat is completely useless and Bitcoin has no downside, In reality both have risks. Some will prefer a stable system, some will go for the high risk high reward side. So I will say that people reject Bitcoin mostly because its fluctuations are more visible, and people are usually more afraid of the risk that is visible in the future.

I feel the same way, many investor are too obsessed with Bitcoin and completely deny the role of fiat. That's really not realistic. Because the global financial system operates on the foundation of fiat, and that will never change.

You're also right about the risks, everything has risk and Bitcoin is no exception. The choice between fiat and bitcoin will depend on each individual's understanding and risk tolerance. We should not try to impose our thoughts on others.

[SPIDERMAN008]

Many people hesitate to hold Bitcoin because people keep saying it's a volatile asset, but if they understand, Bitcoin isn't that bad. While it tends to be volatile, it's only short-term fluctuations. If someone is able to hold it long-term, then the volatility isn't a disadvantage because it doesn't significantly impact Bitcoin's long-term development.
Unlike fiat, although it seems very stable, with increasing inflation and declining purchasing power over time, the fiat held will decrease in value. That's why we can't equate 1 dollar in 2016 with 1 dollar in 2026, because they have different real values.

The value of fiat currency is slowly decreasing, which is why people do not understand it. Just as it takes a long time to understand how much loss there is if you save fiat, you also have to hold it for a long time to understand how much profit you can make if you hold Bitcoin. People do not understand a simple thing. They only consider price volatility as a negative and always have the wrong idea about Bitcoin. Although this is their personal opinion. Now the point is that the demand for Bitcoin will increase in the future. It will become more acceptable to people. As a result, its price is more likely to increase. But there will be price volatility. Those who can accept this and hold it for a long time are the ones who are successful.

[impulse709]

Many people hesitate to hold Bitcoin because people keep saying it's a volatile asset, but if they understand, Bitcoin isn't that bad. While it tends to be volatile, it's only short-term fluctuations. If someone is able to hold it long-term, then the volatility isn't a disadvantage because it doesn't significantly impact Bitcoin's long-term development.
Unlike fiat, although it seems very stable, with increasing inflation and declining purchasing power over time, the fiat held will decrease in value. That's why we can't equate 1 dollar in 2016 with 1 dollar in 2026, because they have different real values.

The value of fiat currency is slowly decreasing, which is why people do not understand it. Just as it takes a long time to understand how much loss there is if you save fiat, you also have to hold it for a long time to understand how much profit you can make if you hold Bitcoin. People do not understand a simple thing. They only consider price volatility as a negative and always have the wrong idea about Bitcoin. Although this is their personal opinion. Now the point is that the demand for Bitcoin will increase in the future. It will become more acceptable to people. As a result, its price is more likely to increase. But there will be price volatility. Those who can accept this and hold it for a long time are the ones who are successful.

I agree that there are lots of people who are only considering how volatile Bitcoin is in the short term, but not the years of holding fiat stocks that come silently. Slowly inflation diminishes the purchasing power. And most of people only realize it when the expenses they are having in their daily lives become quite high. Although bitcoin can swing wildly. Its general trend has seen it consistently gain in value. And it's not quickly going away due to its limited supply and rising global acceptance. Bitcoin is not a risk-free investment and no one should invest more money than they are willing to lose. However. As a long-term investor. There is one risk many do not realize when it comes to holding all of your investments in fiat.

[Fivestar4everMVP]

What's your opinion. Do you think people reject Bitcoin because it is truly too risky... or because its risks are easier to see than the risks of fiat?

It is only impatient people that usually consider bitcoin risky, because over the years, bitcoin has proven to always recover back every loss it acurred during bear and dry seasons, so that even those who bought it at the top price but held patiently end up making good profit depending on how long they still hold after the price of bitcoin reaches and records a new all time high.

So, I do not think people reject bitcoin because it is truly risky, or that it's risk is easier to see and notice than the risk of fiat, I think those who reject bitcoin and using risk as their excuse simply do not understand how bitcoin works, they simply do not understand how risk in bitcoin works, because what they assume to be risk is not actually risk in real sense, because even if a person bought bitcoin and the price drops, that person can only lose his money is he decided to sell at a loss, but if he can hold, apply patience and wait, he will still sell the same bitcoin and make profit instead of loss.