Quote from: Odohu on Today at 06:41:09 AM

Quote from: shepherd_gee on Today at 06:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Bitcoin is not as risky as you are meant to believe. All you need is to have proper mindset, such that is required to profit from other conventional investments like real estate, gold, stock and others. If you give Bitcoin the same amount of time and peace you would give these other investment portfolios, Bitcoin will not fail you. But you will start having problems with Bitcoin the moment you treat it like a get-rich-quick investment, this is where problems begins for a lot of people especially the newbies.

No one has gotten burnt buying Bitcoin and holding it for 4 years to 5 years. Those that lost money to Bitcoin as usually those that buy today and expect the price to skyrocket within few days or few weeks. This is not fair to Bitcoin and makes it look like gambling and not investment.

Exactly. The people who think Bitcoin is some really risky thing are the people who don't understand what it is.

Bitcoin is hard money, that's like the definition of low risk. The main risk with Bitcoin is if would simply fail as an experiment. Bitcoin just passed its 15th anniversary, it has been through multiple market cycles, its regarded as a major global financial asset and in fact is currently the 10th largest asset in the world not including national currencies and the 16th largest currency, its owned by tens of millions of people, it's be turned into legal tender in one country already, and is possibly on the brink of being brought into the US financial market in a major way. The risk that Bitcoin would fail is a rounding error from zero.

The only real question is does it succeed as simply a store of value and investment and savings account for the world, or will it graduate into being an actual common means of payment for the world in the decades to come. But either way, the price is going to be many times today's price, so the risk is very low as an investment.