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

[Iranus]

It is okay to invest in digital currency, but if you deposit your money in the bank in fiat form, it is also risky because if for some reason the bank authorities embezzle your money, then your money is gone forever. I don't know if this will happen anywhere in the world, but in my country, keeping money in the bank is completely unsafe. The general public is losing interest in keeping money in the bank because the money of the people in my country has been embezzled. In this situation, some general public are interested in investing in gold or digital currency instead of keeping money in the bank.

When you deposit money into a bank, you are dealing with the bank itself, not any individual employee. If an employee embezzles money, that is the bank's problem, not yours or the customer's.

Commercial banks are also just businesses and operate under the supervision of the government and the central bank. That also mean your deposit are protected by law. So I do not think your money can disappear just because a bank employee embezzles it.

Some people are losing interest in keeping their money in the bank because they have realized that it does not protect them from inflation, and the value of their money keeps being eroded.

[G_Besar]

Yes fiat currencies we all know that devalue over time. Only way to control inflation and good investment to give profit long term but people who want everything now mainly for those who earn little it's even justified he earns just for necessity. The truth is that people don't invest in Bitcoin who find it complicated have difficulty with technology or that people around them talk bad or don't have the stomach for Bitcoin's volatility ignorance the backward ones in life people and the government too.

The ignorance of those behind the times isn't a problem for those who want to get involved in Bitcoin investing today. Because those like them can still learn from people who already know about Bitcoin and are more familiar with the state of fiat currencies over time. So, for those who previously didn't understand the process and didn't understand Bitcoin, they can learn, either from someone more knowledgeable or by searching online if they are already somewhat familiar with the internet.

This means that if these people begin to develop a desire to invest in Bitcoin and learn more about fiat currencies and how to hold Bitcoin long-term, they can pursue this while working to support themselves. It's never too late for anyone who wants to buy Bitcoin and become a long-term investor by holding Bitcoin after gradually purchasing it.

[Supreme Donvic]

Bitcoin is not as risky as some people see it, the only side of Bitcoin that is risky and that I will always advise new beginners to avoid if they're not prepare for it is trading Bitcoin, trading is very risky and if you are trading Bitcoin your finance will be at big risk because you can lose it at any time however if you are accumulating and holding bitcoin for long-term then you have no problem or what so ever fear because you won't lose your money all you need to do is to be patient and keep on holding on to that Bitcoin and in the future you are going to have some profit from your holding or your long term Bitcoin investment.

[Dogedegen]

Precisely this can be wrong if used as a benchmark for our own standards because ultimately when we talk about buying bitcoin as a starting benchmark then we must look at our own standards including in terms of poverty and wealth.

We will not be able to follow other people's standards even though in the sense that it may be justified but when our reference in investing or other things we do not only adhere to existing theories and standards because this will be very difficult to adjust to ourselves.

People who can still gamble means that they can still afford to buy bitcoin and that is a fact regardless of how big or small the amount is but they can still buy only they do not make this an option and the reason for poverty because they can not buy is just an excuse because they can still buy but instead do not do and choose the option to buy beer or lottery.
The standard that you say will only be a theory because the fact that it will happen is only based on ourselves including the standards that we create ourselves.

So yeah as I was saying when you exclude the absolute poverty people, and you should, then these poor people can be blamed for making the wrong choices. It is not a question of having enough money or not to choose Bitcoin, they have enough money but they are making other choices and often these choices hurt them when Bitcoin could actually help them. We need to put back responsibility and fault at the level of individual and stop looking for excuses for all sorts of people and their wrong decisions. It can be harsh, but that is the correct way to do it. It does not help anybody when we find and justify their excuses. People can choose better, they should choose Bitcoin!

Bitcoin is not as risky as some people see it, the only side of Bitcoin that is risky and that I will always advise new beginners to avoid if they're not prepare for it is trading Bitcoin, trading is very risky and if you are trading Bitcoin your finance will be at big risk because you can lose it at any time however if you are accumulating and holding bitcoin for long-term then you have no problem or what so ever fear because you won't lose your money all you need to do is to be patient and keep on holding on to that Bitcoin and in the future you are going to have some profit from your holding or your long term Bitcoin investment.

People who were not traders before Bitcoin should not trade Bitcoin or any crypto, it is as simple as that. These days it sometimes seem to me that people get confused from the ability of some tools and somehow the accessibility pushes them to do things that they should not do. Trading and leverage is dangerous for most people, I would never recommend that.

[MRY]

Bitcoin is not as risky as some people see it, the only side of Bitcoin that is risky and that I will always advise new beginners to avoid if they're not prepare for it is trading Bitcoin, trading is very risky and if you are trading Bitcoin your finance will be at big risk because you can lose it at any time however if you are accumulating and holding bitcoin for long-term then you have no problem or what so ever fear because you won't lose your money all you need to do is to be patient and keep on holding on to that Bitcoin and in the future you are going to have some profit from your holding or your long term Bitcoin investment.

The best way to save Bitcoin is not to actively trade on a daily basis. There should be a great deal of patience in a fund owner so that he is not at a loss because of fluctuations in the market. Personally, I think that long lasting ownership of assets bears the greatest payoff. Don't be hungry to engage in business unless you are eager to lose your money in a twinkle of an eye.

[fuguebtc]

It is okay to invest in digital currency, but if you deposit your money in the bank in fiat form, it is also risky because if for some reason the bank authorities embezzle your money, then your money is gone forever. I don't know if this will happen anywhere in the world, but in my country, keeping money in the bank is completely unsafe. The general public is losing interest in keeping money in the bank because the money of the people in my country has been embezzled. In this situation, some general public are interested in investing in gold or digital currency instead of keeping money in the bank.

Which country are you from? I do not believe any government would let banks embezzle customers' deposit without stepping in and taking action.

I think this is more likely an isolated case or something involving a few specific bank, and there are probably reason behind it that you have overlooked.


To be fair, depositing money in a bank is safe, and that is why it has remained a staple and continues to enjoy the trust of most people to this day. Most people invest in Bitcoin because they want to make more money and build wealth, not because they are afraid of losing their money in a bank.

[Zanab247]

Bitcoin is not as risky as some people see it, the only side of Bitcoin that is risky and that I will always advise new beginners to avoid if they're not prepare for it is trading Bitcoin, trading is very risky and if you are trading Bitcoin your finance will be at big risk because you can lose it at any time however if you are accumulating and holding bitcoin for long-term then you have no problem or what so ever fear because you won't lose your money all you need to do is to be patient and keep on holding on to that Bitcoin and in the future you are going to have some profit from your holding or your long term Bitcoin investment.

Lack of the knowledge of BTC can make many people feel BTC is too risk, which is not true. All you need to do is  to be bold to involve in BTC investment, but make sure you have the knowledge of BTC and capital, because it will encourage you not to be afraid of BTC risk than to invest and be strong to hodl for long years, because it will create opportunity that will make you to like BTC than fiat money.

If you don't have enough money you will not survive in accumulating way, because you have to budget some money that will make you to be accumulating BTC until you are satisfied to sell, and it will help you to earn massive profits you have never earn before in the industry.

[Gentle_Soul]

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?

Bitcoin can be risky too no doubt but comparing it to the traditional currency might be a bit interesting I think I think it will be proper to look at statistics and thrends of both Bitcoin and the traditional savings.
Comparatively both the traditional savings and Bitcoin savings have the tendency of depreciating at anytime because like we know that Bitcoin has a volatile nature so it's price can fluctuate but for a longer time investment in Bitcoin I think the chances of getting returns on your investments are high, for a traditional savings I don't think that if you stack up an amount of money and save up for  a couple of years that at the end of the day it will still maintain its worth and value so the both might be risky but I think Bitcoin is a more calculated risk. This is my opinion anyways.

[Royal Cap]

Lack of the knowledge of BTC can make many people feel BTC is too risk, which is not true. All you need to do is  to be bold to involve in BTC investment, but make sure you have the knowledge of BTC and capital, because it will encourage you not to be afraid of BTC risk than to invest and be strong to hodl for long years, because it will create opportunity that will make you to like BTC than fiat money.

If you don't have enough money you will not survive in accumulating way, because you have to budget some money that will make you to be accumulating BTC until you are satisfied to sell, and it will help you to earn massive profits you have never earn before in the industry.

However, I would say that it would not be right to say that people consider Bitcoin risky only because of lack of knowledge, In reality Bitcoin's price fluctuates a lot, so it is not unusual to call it risky. The difference is that those who know Bitcoin well, invest after understanding that risk. So knowledge does not eliminate risk, but rather helps to manage risk.  Another thing is that I think planning is more important than courage when investing in Bitcoin. Not investing beyond your means and thinking long term are more important.

[CryptoHeadlineNews]

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?

The truth of the fact is that people reject Bitcoin simply because they have little or no knowledge about how it works or operate. Because it you are to interview most of those people who reject people they will either tell you that Bitcoin is either a ponzi scheme or an investment platform. Forgetting that it is a digital currency that does almost the same work as fiat, as it could be used for transaction between two or more people. And another reason why sum people reject Bitcoin is because of its volatility, whereby your money that was $100million in the morning can fall to $97million when it's value falls. And I think that was actually one of the reasons why Elon Musk rejected it for the buying and selling of its electric cars back then in 2023. So  in a nutshell, many people have their different reasons, but it's not far from ignorance, volatility and fear of the unknown.

[fredericktaylor]

Lack of the knowledge of BTC can make many people feel BTC is too risk, which is not true. All you need to do is  to be bold to involve in BTC investment, but make sure you have the knowledge of BTC and capital, because it will encourage you not to be afraid of BTC risk than to invest and be strong to hodl for long years, because it will create opportunity that will make you to like BTC than fiat money.

If you don't have enough money you will not survive in accumulating way, because you have to budget some money that will make you to be accumulating BTC until you are satisfied to sell, and it will help you to earn massive profits you have never earn before in the industry.

However, I would say that it would not be right to say that people consider Bitcoin risky only because of lack of knowledge, In reality Bitcoin's price fluctuates a lot, so it is not unusual to call it risky. The difference is that those who know Bitcoin well, invest after understanding that risk. So knowledge does not eliminate risk, but rather helps to manage risk.  Another thing is that I think planning is more important than courage when investing in Bitcoin. Not investing beyond your means and thinking long term are more important.

I agree with you, it is very important to invest in Bitcoin with the right knowledge because the investor is able to hold Bitcoin for a long time with confidence without getting disappointed quickly during market volatility. This right knowledge helps an investor to choose the right way, it is very important for the investor to have the right plan to hold Bitcoin for the long term by investing with discipline. Without the right plan, an investor will never be able to hold Bitcoin for a long time. Therefore it is very important for the investor to have the right knowledge about Bitcoin and to consistently buy Bitcoin with the right plan, as a result of which the investor can hold Bitcoin for the long term and can get profit when good times come in the future.