Quote from: red4slash on Today at 01:27:13 PM

Quote from: Odohu on October 16, 2023, 02:14:49 PM

On the risk aspect of Bitcoin, history have shown that the greatest risk in Bitcoin is buying and expecting profits so quickly which is also the same thing as impatience. Those who give Bitcoin time, like they would with other investment portfolios such as real estate, have always come out successful and happy with their decision because they have seen their investment increase even in multiples. This is the reality with Bitcoin and I do not see that changing anytime soon, unless, like you said, nothing is assured.

Fortunately, most of the discussions here have been focused on how to minimize the risk as well as the impact it can have on investors of Bitcoin. This is the reason the DCA method have enjoyed the support and approval of many participants in this discussion. The reason being that the DCA method allows one to invest amount that will not have significant impact on his finances per time and repeated at regular interval. One fine addition that was made was the discussion on emergency fund provision that will take away any financial pressure that might make one to sell unprepared. So, I think with this in place, the risk of unplanned liquidation, which is the major risk I see in Bitcoin, have been taken care of.

Yes bitcoin is indeed a risky investment, but it is true what you say the risk can be minimized in certain ways and with good planning, and here we get a lot of valuable lessons about what we can do and what we can avoid, and I'm sure many people here have opened their eyes to this bitcoin investment, especially for beginners who are still confused about what they should do.
Not only talking about bitcoin investment we talk about here, but indirectly we also discuss others, such as how to manage finances, which ones should be the top priority and so on.

To be honest, you are over-emphasizing the risk involved in Bitcoin even when I have made effort to explain how it is not as much as being presented and how it could be mitigated. A little check of the history of Bitcoin will show that those who dwell in the mindset of how risky Bitcoin is are those who see this journey as gambling in that they just believe they can buy and sell and make huge profit overnight.

Following the fake news of Bitcoin ETF approval by Cointelegraph yesterday that made Bitcoin price surge to around $30k, there was someone that jumped into the market with with over $600k only to realize it was a fake news and the market started dumping and quickly sold. Do you now that within 10 minutes he lost over $49k. These are the people that Bitcoin is risky for... they want quick profit.

Our discussion here is all about long term HODL and this is a minimal risk approach.