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.

[hd49728]

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.

Bitcoin is risky now but it was more dangerous in the past, therefore it's explainable that everyone who bought bitcoins in the past especially in earliest years in Bitcoin history actually felt very risky. In recent years, even Bitcoin adoption has become considerably better than in the past years, risk has still existed for anyone who are either investors or traders in Bitcoin market. If people can learn about Bitcoin, prepare their knowledge and psychology well enough, then choose investment than trading, they will have a more easily and comfortable journey but even so, it's not like no challenge along the way.

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.

They can reject the opinion that Bitcoin is risky but it does not change what Bitcoin is and how risk Bitcoin is. There is risk, there is challenge but there are opportunities so if people don't accept Bitcoin, don't want to take risk just higher or lower with time and their entries, they will be Bitcoin outsiders and won't get profit from Bitcoin market. Years later, looking back they will feel regret but likely see it is like too late and continue staying outside the market again.

[purple_sparkles]

 I think bitcoin can lead to losses mainly if someone invests when its price is at the peak of a bull market and misses the period when it is still rising. In that case, their savings could end up being tied up for quite a long time roughly 4 years. If you do not have the patience or the financial ability to wait through such a period, then bitcoin can indeed become a risky investment. However, for me, bitcoin is still one of the more stable elements in today’s world. It tends to follow its market cycle, and that cycle can be used as an opportunity to grow one’s capital over time.

[Rebirth01]

The differnce is that Bitcoin’s risk is loud, while fiat’s risk is silent. One scares people because it moves fast. The others steals slowly, so people get used to it and call it normal.

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 I see is very different. What I see is that bitcoin is volatile, which makes some people to be thinking that it is risky, but it is not risky if you can continue to hold your bitcoin.

Fat will look like it is stable, the government and central banks make it look like that, but they gradually eat peoples money slowly in a way the people may not suspect. In some countries, it become very obvious in extreme inflation, but in some countries, it is gradually.

Be it any, over time, people will know how bitcoin is better and not inflationary. If you know how to invest in bitcoin, it is very safe, but fiat is risky.

People will always choose fiat over Bitcoin because fiat have been with them over time. The risk of having Bitcoin over fiat is bigger than one having fiat over Bitcoin. Fiat is generally acceptable in the global market and it made business to go smoothly. Bitcoin can crash at any given time compared to fiat. If fiat is crashing,it does not go with the speed of light compared to Bitcoin. Today, you cannot walk up to some people and tell them to invest in Bitcoin because it looks strange to them. Greed led most people into Bitcoin investment because they want to get rich overnight.

[YOSHIE]

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?

Basically, between Bitcoin and fiat money of course both have risks, Bitcoin risks volatility while fiat money has purchasing power value, this is a phenomenon that often occurs for both.

But if we examine it now for both Bitcoin and fiat, of course people prefer Bitcoin even though it is risky, because one of the steps that Bitcoin can take is value protection and decentralization, while fiat money cannot do that. What's more, currently almost all countries have high inflation, this will result in the exchange rate or purchasing power weakening, you could say that the value of fiat money is worthless, that's why people prefer Bitcoin over fiat money in situations like this.

[bangjoe]

I think bitcoin can lead to losses mainly if someone invests when its price is at the peak of a bull market and misses the period when it is still rising. In that case, their savings could end up being tied up for quite a long time roughly 4 years. If you do not have the patience or the financial ability to wait through such a period, then bitcoin can indeed become a risky investment. However, for me, bitcoin is still one of the more stable elements in today’s world. It tends to follow its market cycle, and that cycle can be used as an opportunity to grow one’s capital over time.

As long as you don't sell your bitcoin even though you bought it at the previous peak it can't be said to be a loss, it's just a fluctuation in the value of your asset, if you sell it in a minus then you can say a loss, Bitcoin should be a long investment, no matter what your purchase price is when you have a long-term goal you will profit because bitcoin will always print new ATH every cycle.

The point is if you have not sold your bitcoin during the period of falling prices you cannot be said to have lost.

[Synchronice]

One of the most common argument against Bitcoin is that it is “too risky.” some point to volatility, price drops, and uncertainty as reasons to stay away... And decide keeping their money in cash and traditional savings feels safer...

But what I keep asking is, What is "Safe" being compared to Actually? Because watching inflation quietly destroy your purchasing power every single year is also risk. Depending entirely on a salary that buys less each year is also risky. Trusting a system where your money can be restricted, frozen, or quietly devalued is also risk too.

The differnce is that Bitcoin’s risk is loud, while fiat’s risk is silent. One scares people because it moves fast. The others steals slowly, so people get used to it and call it normal.

Sometimes I think people are not choosing safety... they are choosing familiar risk over unfamiliar risk, and honestly familiarity does feels safer in reality.

on the other hand it is completely logical and human to be in one of these categories. But it is a matter of choice and I understand not everyone has it in them to venture unfamiliar routes, in the end one cannot exist without the other as it is an epitome of balance.

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?

Listen, when you live from paycheck to paycheck and barely manage to save money, it's really risky to invest that money in Bitcoin because what if something unexpected happens and you need money? If you save that barely saved money in Bitcoin, you might be in %% profit or %% loss and it's a gamble in such situation. When you are into hospital, even a 200 euro loss can become a huge problem when you live from paycheck to paycheck.
Saving money in Bitcoin is a good option for those who have high income and in emergency cases, they can completely ignore Bitcoin and use their cash reserves because they have them a lot.

[Fiasem20]

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.

Most people are actually aware of bitcoin and how it works but they’re too impatient to hold their coins for the long term.I don’t think an individual could reject bitcoin,not participating in bitcoin investment doesn’t mean rejection instead it’s a thing of choice and not force.For instance,I may not like stock investment doesn’t mean I rejected it,probably I may not be conservant with the system and not having interest to learn it doesn’t mean I have rejected it.Not to divert,bitcoin is one of the best investment option an individual could add to their investment portfolio and most persons would consider it’s volatility a risk.Why not manage the risk by holding for the long term.

[Dunamisx]

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?

Having a new development initiative like Bitcoin, I expect that you should see people in support of it and some against it for any reason, the very common way people see things because we are talking about public opinion here, and people sittings differently, but as I always say, once those that are against it a fewer to the number of those that are in support of Bitcoin and there is nothing they can do to alter or affect the network as well from other people from adoption, then I don't think we should bother about the rest of people who are against Bitcoin.

[Faisal2202]

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?

Sometimes people don't like a project when they see that it is in the hands of the community because traditional people already feel insecure to give new innovation a chance and we gave them the most advance technology that is decentralized, while they are used to take a word for guarnateed from the person in control right now no one is in control no one is managing it I know it was not made for centralization but I am saying people were so used to centralized things that a decentralized ones is like hidden gem for these guys.

Although world is full of people with different minds and they gave this a chance and now they have become a motivation for the rest. I am talking about long term hodlers. So, it is risky for them and yes that's why they are being careful with it over fiat because we are comparing 17 years old system with a system which I think is thousands of years old.