Post
Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
blckhawk
on 03/10/2019, 05:33:47 UTC
We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
Every investment is a gamble. Every gamble is a risk. Dealing with bitcoins or any other investment, whether it be real estate, stock market or real franchises, it will always have some risks associated with it. It's just the magnitude of risk factor and loss you can handle you need to be aware of. You should also consider your time span, if you're willing to wait for long-term investments or only short-term plans. I would consider investing in bitcoin in the short-term ones because the market for this is volatile and drastic amount of price change may happen within a couple of weeks or months so be wary.