Quote from: Agbamoni on July 30, 2024, 06:19:29 PM

Quote from: Spaceman1000$ on July 30, 2024, 01:11:24 PM

Quote from: Moreno233 on July 29, 2024, 11:32:52 PM

Quote from: JayJuanGee on July 29, 2024, 08:54:49 PM

Quote from: Moreno233 on July 29, 2024, 05:52:06 PM

Quote from: GeorgeJohn on July 26, 2024, 06:54:00 PM

[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.

Holding comes with peace of mind, as it's less risky than trading which i believe we can all agree. However there are still some persons that go with the notion of saying, " it's too risky not to take risk", as they see risk taking as an essential ingredient when venturing into any business or investment, they believe the higher the risk, the higher reward, so they go all in.
The point is that, some traders have the money to spend, so they see beyond the risk that an average trader might be seeing, and that is the reason why most of them are still succeeding.

I agree with you here. There is nothing more important than an investment that is risk-free and where emotions are not attached. The extent of how investors are afraid of price swings would make them make the wrong choice in their investment which statistically so many investors have failed because of this. On the contrary, some investors prefer taking high risks and do not care about their emotions or what would work for them They rely on the idea of what is an investment without taking such risk but I will agree with the fact that Bitcoin has passed the stage of getting rich quick we are in the era of storing value and a sustainable future where inflation won't be a problem to our money.

There was never a time when bitcoin was quick to get rich; those early investors in bitcoin held their bitcoin for a long time before they made millions of dollars from their bitcoin investment. Since the existence of bitcoin, beating inflation has been one of the benefits of holding our money in bitcoin. It is just that most people are discovering that now, because of the high inflation in the world, they are not affected because they stored their money in bitcoin. Bitcoin has not changed.