Re: Is Bitcoin really risky as they say?
Every asset that is volatile in nature is risky and bitcoin is not an exception. This is the reason there is a general rule for bitcoin investment and even that of other assets like bonds and stocks that are volatile. The general rule is for you to invest what you are able to lose. This very rule has applied to bitcoin for a very long time, especially when bitcoin was relatively new.
But as time goes, bitcoin has gained more confidence and it has been proven that you can only lose in Bitcoin when you sell at loss. but if you have a very strong hand and hold, bitcoin will definitely reverse to profit unlike altcoins which might not see another uptrend after a big dip
Generally, most people sees Bitcoin as being of high risk , meanwhile, others tend to disagree with the fact of being risky.
Bitcoin can be understood from different angles on how it will become beneficial to one. Either as a store of value(So as to avoid taxes), Investment or means of payment.
The essence of bitcoin is not to avoid taxes. Please, if you earn in bitcoin and your country taxes bitcoin earnings and transactions, please pay your tax.