Re: Can you consider yourself as a risk taker if you buy bitcoin?
risk is subjective because its not a yes or no
everything has risks. its just how much
EG if you bought bitcoin at the 2017 $20k and you NEEDED break even/profit by mid 2018 then yea mega risk buying that ATH.
but if you dont need to cash out for a halving cycle then the risk is far less
basically if you buy low sell high the risk is low
if you buy high sell higher the risk is higher. but it all depends on patience in the end
For me the risks is everywhere, you bought bitcoin then you are taking the risks, if you didn't buy a bitcoin then it also taking a risk because you may lose the chance to make more money if you put some investment on it. It is one of the reason why it is hard to make a first step, people are simply afraid to take a risk without knowing that they are already taking a risk by not making investment that can lead them to miserable life. Don't be afraid to take a risks, be afraid to stay in the position where your life can be called as tragic.everything has risks. its just how much
EG if you bought bitcoin at the 2017 $20k and you NEEDED break even/profit by mid 2018 then yea mega risk buying that ATH.
but if you dont need to cash out for a halving cycle then the risk is far less
basically if you buy low sell high the risk is low
if you buy high sell higher the risk is higher. but it all depends on patience in the end
The idea of buying low and selling high is like a simple and basic idea that is easy to understand but when it comes to execution, it is really hard because there are a lot of market factors like people who see the price of the bitcoin as cheap, people who see the price of the bitcoin as expensive and the people who are still deciding if they will buy now or wait more. The thing is, there is uncertainty in this kind of market; it is depend on us on how we will see the price of the bitcoin as cheap or expensive.
so for me (hoarding since 2012 and have no desire to cash out any time soon) i dont feel im at risk at all. even though there is a small chance(risk) that devs completely break bitcoin one day
Seems like a whale to me.
