Post
Topic
Board Beginners & Help
Re: Is Bitcoin really risky as they say?
by
Smartvirus
on 14/10/2023, 22:56:49 UTC
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.
Avoid taxe you say? I doubt that is a major consideration for bitcoin investors. Don’t forget that even not having to declare your worth, both in Bitcoin and the asset you hold to your name is considered taxe evasion and that is punishable by law.
I find much people lashing into Bitcoin because of it’s decentralized nature, as a new means of finance and see it for an evolution for the future of finance so, why shouldn’t you! Despite the energy government keeps pulling on citizens of the world, it continues to gain popularity and that to day, there is more to it than being any risky investment.

Those who still get scared have got some inexperienced down times with the currency, are ignorant of it or way too traditional to change. There is a lot that one could benefit from Bitcoin and it’s never an avenue to evade taxes.