Post
Topic
Board Nigeria (Naija)
Re: The risk in bitcoin is worth taking.
by
Proty
on 20/04/2025, 10:57:06 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.
Your friend is really funny because as long as live is concerned if one is not willing to take risk them the person can't not progress in any endeavour being it business or whatever.live itself is risk, so like wise bitcoin investment there is risk involved in bitcoin investment due to the volatile nature of bitcoin.so it is always advisable to invest in bitcoin money that we can afford to lose ,that is money that we will not be needing for a very long time .