Post
Topic
Board Beginners & Help
Re: Is Bitcoin really risky as they say?
by
darkangel11
on 29/09/2023, 20:07:33 UTC
In a case where some persons tag Bitcoin as being Risky(Yes it is), I have experience losses because I lacked those vital principles one should understand even before investing. Also knowing when to sale out my investments for profit, permit me to say more of a paper hand(panick and sell when price is down) and this should not be encouraged.

This means you aren't an investor but a trader. You thought you were trying to invest, but in reality you were trying to trade and knew nothing about it, which is why you lost money.
You may feel like I'm being harsh, but that's the truth. Many bitcoin investors start in the space thinking they're going to be the next OG, they'll go all in, bitcoin will go up by 50% and they'll sell it. They saw kids on youtube bragging about it and showing off their cars so this has to be easy, right? RIGHT? Then you see a 5% loss and you sell to confirm it. You take that loss in panic, then think about what you've done and go to forums to tell everyone about it, how risky it is and how you lost money.