Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Is Bitcoin really risky as they say?
by
HelliumZ
on 19/10/2023, 00:44:45 UTC
⭐ Merited by fillippone (1)
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.

I believe there are a lot of different ways to invest your time and money, with a little work and the right teacher, one can easily invest in bitcoin.

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 forum has helped me very extensively on different levels, knowing when to buy, how to buy and wallet much safer to store my investments.
Being on this forum has helped me a lot I now know how not to fall for scams and by foolishly Linking my investment wallet for Airdrops or giveaways.
This is believing... Knowledge is wealth
There is some risk in every investment, there is no investment without risk. Anywhere you invest, say Bitcoin or say real estate property, you have to take risks. Yes, but if you invest in Bitcoin, you don't have to take the same amount of Risks that you would take in other sectors when it comes to Bitcoin. After investing you have to take more ricks because the ricks of your wallet security system is more than your investment. If you invest but don't take the security of your wallet seriously, your investment must be logical. But before every investment you must learn, understand and know the investment well. If you invest only on people's words or without research yourself, your investment will definitely be at risk.