Post
Topic
Board Speculation (Altcoins)
Re: Do you love and enjoy taking risk?
by
Zee27
on 05/10/2023, 19:32:27 UTC
Crypto is overall unpredictable not only Bitcoin, no risk no gain, if you want to profit then you have to must be taken risk.
Investing in Bitcoin it have bright future but not all altcoins are potential for future. What's the future you see in luna,doge and tron, these are you already invested?
Risk is Not specific with only crypto but is available in every business but we have invest in the place where we think that oir investments will me more safe than other place. This is why it is callled that do your own research. There are many metal available but Gold is considered more safe and profitable. similarly many currency available but USD is considered safe and profitable so same in the crypto also. Bitcoin is safe coin so far and whenever we talk about risk so our mean is to invest in new or meme coins which rise and drop chances are much high. we 1000$ become 10000$ in some days or drop to 100$. At once I remembered that these mentioned coins were considered high profitable coins.
Some people think that taking risks is fun, but it's all fun and games until you lose all your money or face extreme consequences, that is the reason why we always look for ways to mitigate the risks as much as possible so that we can achieve what we are desiring for without having to worry about facing any losses whether it's trading or anything else in life. So, there is nothing wrong if someone tries to find a place where the risk will be low compared to others.

They also say that when there is high risk, there will be a higher reward as well but what's the point of having unnecessary tension when you can get some profits without having to make your blood pressure go high? So, I never take very high risks, especially if it involves finances because it's not easy to earn money so losing it is hard, for sure.

You're absolutely right. I'm also really careful with the severity of risk I'm willing to take. I split my investment funds into two, 70% are into some investment products like the newly introduced Snow ball investment product on Bitget,where I'm sure that my capital won't be tempered with, and a daily interest percentage. The other 30% I trade with on some coins with less volatility.