Quote from: andriarto on October 31, 2021, 07:24:44 AM

Quote from: Vatimins on October 28, 2021, 04:19:07 PM

Quote from: Wenbing on October 07, 2021, 09:36:23 AM

I have seen there whatever has a huge upside also has a huge downside. This is the case with crypto currency, including bitcoin.

Can we point out the risks that one faces in investing crypto assets based on these:

1. As a retail investor

2. As an asset manager (hedge fund business)

3. As a trader.

If you really think about it, there will always be risks in whatever investment you make. The only thing that makes the difference is your knowledge about a specific investment, how much you know about it; the do's and don'ts. Another thing would be how you carry yourself as an investor and how you manage your portfolio and risks. Knowledge is one thing, but knowing how to apply that knowledge is a whole new level that would need actual experience or mentoring. Anyways, hope you understand what I am trying to point out.

with knowledge we will understand the risks and rewards, so that we will be able to take a realistic view of the type of investment that we do. like bitcoin, which has a high fluctuating nature, so we are required not to panic sell, and if we can manage it then we will get the rewards we want, but to take profit we must also be realistic by putting aside greed

Knowledge is basically not enough without proper wisdom. Only with having both knowledge and wisdom can one be a better doer. Just think about it, what would knowing help if you do not understand the ways to apply the knowledge you have or when you should apply it? In contrast, only understanding the ways won't do you any good without the concrete knowledge to back it up.

Although I got your point clear as day, I just wanted to clarify that while knowledge is important, wisdom is also as important and that having both is even more important. I say this because without those two, the things that you have mentioned above will be impossible to achieve.