Quote from: HajiBagi on Today at 06:02:49 AM

Quote from: Kodec5 on September 03, 2023, 12:41:11 PM

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

The reason why many people view bitcoin as a risky investment is that it is an online and untouchable investment, and when an investment becomes online you have to be careful because of being scammed. Bitcoin is not that risky, despite what some people have said, and there is no other investment that is not risky, even the business we did today has risky. For investors who know their business, bitcoin can be a very profitable venture. However, some view it as a risky investment due to its volatile price; some buyers will purchase coins and then sell them for less than they had anticipated.

People who claim that bitcoin is extremely risky are not far from the truth. Without mentioning that many people will not value their bitcoin, some will not secure it, and some will even misplace their private key, many newly introduced to bitcoin should always be informed that bitcoin is extremely risky so that they will value what they have. After all, purchasing bitcoin with large sums of money and then falling victim to fraud or misplacing your private key is not a good idea.

All investment is risky mate. And being an online investment is not something that people should be scared of. I believe people make use of online banks and register their details in online why dont they feel it is risky? Using online as a point of not investing in bitcoin is not a valid reason. I think they are scared of the investments because of the information's about scams and all that. If not no one who will be aware of Bitcoin investment after learning that will not want to invest especially when they have the finance to start it. I am sure about that.

However, i feel people should get the conviction first, yes bitcoin is risky and that's the simple truth. But it should it did not stop so many persons to not invest in it. For instance driving a car is risky as well because someone may drive recklessly and an accident may occur unknowingly yet people dream of having cars and all that. The ideal should be focusing on learning about bitcoin before having conclusion if after learning about it there is no conviction to start investing in it, then they should not invest either. Its a matter of choice and not everyone is expected to be a Bitcoin investor.