Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Yucky
on 30/07/2024, 09:42:43 UTC
[edited out].
...... there is Bitcoin that is almost risk free when the plan is for long term?

I agree with every point you made in your post Moreno233 - except your point that bitcoin is almost risk free.  Even if their is potentially some technical truth to what you are saying, the way you said it has a potential to imply that bitcoin is guaranteed or that there is no risk.. even though you said "almost."  

From my perspective, your use of the word "almost" does not relieve you from presenting a misleading assertion, even if you might be technically correct in that assertion.
Correction is taken as we learn every day. I think I got carried away by the fact that my Bitcoin investment have given me peace of mind so far. Considering where I'm coming from as a trader, risk is always a daily experience. I have also tried buying altcoins but the risk there even increased exponentially. When I started buying Bitcoin to hold, a lot of things changed for the better. Holding Bitcoin bring some kind of peace of mind that one could be tempted to conclude it was completely safe. Now I know it is wrong to make such assumption. Every investment have some level of risk just that some have lower risk while others have higher risk. This is important to avoid taking wrong decision.

It is good you accepted that you almost sound way off and trust me I understand that feeling when someone will invest and then seeing that the investment is going so well and smoothly... I mean seeing that you are already on a huge profit yeah, I understand but it's not nice to use your over happiness to make  this investment look so certain because what we said can affect people positively or negatively so we should be careful on what we speak about Bitcoin investment though Bitcoin is one of the safest investment but that doesn't mean it's certain or guarantee however, the level of it certainty is much more than it level of uncertainty in other words Bitcoin is a nice investment yeah.
apart from his usage of the phrase "Risk free", I don't see any misleading thing from what he said most expecially when it's coming from a fellow that was once a trader and decides to start holding Bitcoin instead of making things too complex through his trading. Relative to trading, holding Bitcoin could to some extent gain the notion of being looked at as a somewhat risk free investing approach even though no investment is 100% void of risk. It's just because when you're holding Bitcoin for the long term, you're not at any serious risk to become afraid that because you've experienced correction at a certain month or another that lasted for months that you've lost out in your investment, it just means you have to wait pass those correction point and you can get back to being profitable.

While it's good to have a positive state of mind towards your investment, it's also good to be as realistic as possible and know that risk is a pivotal aspect of all investment journey.