Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is risky
by
Antotena
on 31/08/2024, 17:33:16 UTC
Because it was true. Crypto is volatile and even though Bitcoin has proved itself to continue to rise even after each dip, its price is still unstable. I realized that this does not necessarily have to be a bad thing especially if you are knowledgeable enough to minimize these risks. It was easy to get defensive but, in the end, I just explained to that friend that that is why it requires much attention and studying.

Do not lie to people about what crypto is just so they would not think of it as something not worthwhile. Rather explain eagerly. I did this so that my friend would not worry about my financial state and if he ends up becoming interested in bitcoin then I would be glad to continue teaching him.

I'm not sure if someone has told you already but next time, use a good caption because your post didn't match your caption.
Bitcoin is risky, everybody knows that. The only investment that is not risky in this life is scam and ofcourse, you know the direction where scams goes, you will lose everything while Bitcoin still has the opportunity to give you second chance if the market settle again, when you are scam you are going to lose everything that you have on their scheme.

On the introduction of Bitcoin to second party, I think literally everyone knows much about Bitcoin. The aidrops that has been going on the past few months and weeks gave everybody some money to know about crypto and I'm very sure they know how volatile the market is already. Sugar sweeting Bitcoin to anyone right now is a waste of energy and saliva.