Post
Topic
Board Nigeria (Naija)
Re: The risk in bitcoin is worth taking.
by
Gentle_Soul
on 01/04/2025, 17:02:59 UTC
The reason why I said the risk in bitcoin is worth taking is because, back then bitcoin started as an experimental digital currency, but now it has gradually and continuously improve in growth and transformed over time into global class asset that have attracted millions of investors because of it decentralized and transparent nature.
If we can recore back over the decade bitcoin has outperformed traditional assets like gold, stocks and bonds, making bitcoin the best and number one asset both in crypto space and in the traditional assets.
But If bitcoin is the best and still maintaining the number one asset both in crypto space and in the traditional assets why is people still referring to bitcoin as a high risk investment, (or is it because of it volatile nature) or what……?  I know bitcoin is not risk free you can either profit or loose but when you understand how bitcoin works and it nature you will be at the safer side.
I and my friends just had an arguement, they said anything called cryptocurrency including bitcoin is very risky and the Risk is not worth taking.
Initially when Bitcoin started it was more to people like an unrealistic project as such it scared people away from investing. Despite the fact that Bitcoin price can rise and Fall at any time which can result to either significant gain or loss it's still worth the risk first of all before investing in Bitcoin have basic knowledge know that Bitcoin investment is a calculated risk