Quote from: Mpamaegbu on September 05, 2023, 06:39:10 PM

Quote from: Kodec5 on September 03, 2023, 12:41:11 PM

Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.

I'm one of those who believe Bitcoin isn't risky when compared to altcoins. Those who think otherwise haven't deeply studied how Bitcoin works. For me, the only risk there would be making wrong entry or exit predictions while buying it. If we're referring to market dump as the risk Bitcoin can be thrown into or exposed to, then we should know that Bitcoin is like a cat with nine lives. It never dies. It has the ability of rising from its ashes. We've seen it rise from serious dump on several occasions during the bear seasons after each ATHs in the past.

I think people sees Bitcoin to be risky because they are not doing the right things. It is only one who doesn't have a source of income but invest in bitcoin and depending in the investment. It is someone who invest all they have that will see bitcoin as being very risky but as for people who hold bitcoin and don't depend on bitcoin to make money so fast won't see bitcoin being risky. Bitcoin is very risky for those who do not understand it, which seems to be be risky because they invest with no understanding. Bitcoin is not risky compare to some altcoins that has no value in the market, but bitcoin is safe to invest.