Have you accepted the risk in bitcoin before investment?

[Dr.Bitcoin_Strange]

Yes, being open and doubting yourself is good, but doubts have nothing to do with it, in trading doubts even get in the way, most likely I would say that a person should have an understanding that he cannot be the smartest and cannot know everything about everything, there are those who teach traders and even they do not always know everything and are constantly learning more, but they are no longer learning from others but they know how to correctly work on mistakes, which many do not even know that this needs to be done constantly.

There’s indeed a big difference between a healthy skepticism and one doubting himself. In trading, it’s true that being uncertain can indeed hinder you from making certain decisions but still one must possess a growth mindset at all time and also acknowledge one’s limitations and boundaries will help you know what decisions to make as well as risks to take.

Knowing and acknowledging your limitations and always focusing on continuous learning to enhance your knowledge is very essential too, even those who are considered to be experienced traders and crypto instructors acknowledge the underlying importance and advantages of continuous learning and education as well as self improvement and development, it’s just as they say, learning never ends, no matter matter how much knowledge you must have acquired already.

[ajiz138]

Very high level of self-confidence, but what is wrong when they become lazy, it is a bad thing for a person. No matter how smart someone is with extensive knowledge, when they do not want to move to do something or try something new, they will never progress.

Thinking of yourself as smarter than others is also not very wise in my opinion, self-confidence is fine, as long as it is not excessive. Because in my opinion being a more open person and still listening to others will be better than someone who is really smart but they underestimate others.

Yes, being open and doubting yourself is good, but doubts have nothing to do with it, in trading doubts even get in the way, most likely I would say that a person should have an understanding that he cannot be the smartest and cannot know everything about everything, there are those who teach traders and even they do not always know everything and are constantly learning more, but they are no longer learning from others but they know how to correctly work on mistakes, which many do not even know that this needs to be done constantly.

Yes, that's right, we have to learn all the time, no matter how great we are at analyzing, it must always be accompanied by learning so that our knowledge is not stuck there.

We all know that the market cannot always be predicted correctly, even at all times there is always a risk. If we feel that we already understand very well and do not want to increase our knowledge, then it will be a problem in the future.

[Legion]

Very high level of self-confidence, but what is wrong when they become lazy, it is a bad thing for a person. No matter how smart someone is with extensive knowledge, when they do not want to move to do something or try something new, they will never progress.

Thinking of yourself as smarter than others is also not very wise in my opinion, self-confidence is fine, as long as it is not excessive. Because in my opinion being a more open person and still listening to others will be better than someone who is really smart but they underestimate others.

Yes, being open and doubting yourself is good, but doubts have nothing to do with it, in trading doubts even get in the way, most likely I would say that a person should have an understanding that he cannot be the smartest and cannot know everything about everything, there are those who teach traders and even they do not always know everything and are constantly learning more, but they are no longer learning from others but they know how to correctly work on mistakes, which many do not even know that this needs to be done constantly.

Yes, that's right, we have to learn all the time, no matter how great we are at analyzing, it must always be accompanied by learning so that our knowledge is not stuck there.

We all know that the market cannot always be predicted correctly, even at all times there is always a risk. If we feel that we already understand very well and do not want to increase our knowledge, then it will be a problem in the future.

The prevailing market changes come as no surprise, given that they do not usually match with our expectations, which highlights the importance of staying open to new data. It is when we believe we already have all the knowledge that the risk can appear. The result is that developing new insight and experiences is an effective method to ensure that we stay relevant and skilled in dealing with challenges going forward. Fresh knowledge discovery might lead to finding opportunities that were previously unseen!

[Parzival204]

anyone today does have an idea what investment are and they know the are risking money just as about gambling. you as an investors have to be too naive to completely believe your investment will double in a time that you expect. there is always a chance of loss especially if its very untimely in the bear market.

but in 2024 as a halving year, i think everyone today does have an idea what will happen to the price when halving occurs. the price will definitely rise up and we may have no idea yet which is the ATH.

It's true that investment in the form of BTC will promise something profitable. Provided that someone can control their emotions in taking a stance when selling or buying it. But for beginner investors this will be a big challenge. Where they want profits in the short term. And if they remain optimistic and do not rush to take action. Of course their profits will be in accordance with what they want

[doc]

Very high level of self-confidence, but what is wrong when they become lazy, it is a bad thing for a person. No matter how smart someone is with extensive knowledge, when they do not want to move to do something or try something new, they will never progress.

Thinking of yourself as smarter than others is also not very wise in my opinion, self-confidence is fine, as long as it is not excessive. Because in my opinion being a more open person and still listening to others will be better than someone who is really smart but they underestimate others.

Yes, being open and doubting yourself is good, but doubts have nothing to do with it, in trading doubts even get in the way, most likely I would say that a person should have an understanding that he cannot be the smartest and cannot know everything about everything, there are those who teach traders and even they do not always know everything and are constantly learning more, but they are no longer learning from others but they know how to correctly work on mistakes, which many do not even know that this needs to be done constantly.

Yes, that's right, we have to learn all the time, no matter how great we are at analyzing, it must always be accompanied by learning so that our knowledge is not stuck there.

We all know that the market cannot always be predicted correctly, even at all times there is always a risk. If we feel that we already understand very well and do not want to increase our knowledge, then it will be a problem in the future.

The market is not always the same as our predictions and I agree with you, we must always increase our knowledge in order to have good analysis and knowledge. have a plan and strategy that is adjusted to market conditions and maybe our strategy can change when the market changes not according to predictions. This is what I read from some member comments here and I agree with that.

[Bobcrypto]

It is actually a clear facts that Bitcoin investments is not a get money quick scheme, it has a leaning steps to become an expert on any areas of interest like, trading, mining, community management etc.
Again, every business is associated with one form of risk or another, and trading or investing on Bitcoin has it's own risks too.
It is very necessary to follow due process of learning the basics to become an experienced investor or trader. However, nobody is perfect, sometimes poor analysis can lead to losses but it is also a way to acquire more exposure on the market and to get further market knowledge.

[Themepen]

You are absolutely right. Many invest in Bitcoin seeking quick profits without understanding its unpredictable changes. This highlights importance of teaching potential investors about dangers. Before advising others we must make sure they understand unpredictable nature of Bitcoin price swings including risks of sudden changes, market uncertainty and possible losses.

As influencers or advisors we have duty to provide fair information set achievable expectations and encourage careful investment strategies. This helps newcomers make smart choices and avoid potential financial trouble. Honesty and informed decision making are good to protecting investors from losses and building responsible cryptocurrency community.

[ajiz138]

Yes, that's right, we have to learn all the time, no matter how great we are at analyzing, it must always be accompanied by learning so that our knowledge is not stuck there.

We all know that the market cannot always be predicted correctly, even at all times there is always a risk. If we feel that we already understand very well and do not want to increase our knowledge, then it will be a problem in the future.

The market is not always the same as our predictions and I agree with you, we must always increase our knowledge in order to have good analysis and knowledge. have a plan and strategy that is adjusted to market conditions and maybe our strategy can change when the market changes not according to predictions. This is what I read from some member comments here and I agree with that.

Well, adjusting to market conditions is not easy, because we have to analyze harder, especially when the market is in a volatile state due to certain news or other things.

Decision making must be done quickly and precisely when in such a state. While making the right and fast decisions will be more difficult at times like that, because sometimes when the market is in a calm state, we can still make the wrong decision.

[taufik123]

-snip-
Decision making must be done quickly and precisely when in such a state. While making the right and fast decisions will be more difficult at times like that, because sometimes when the market is in a calm state, we can still make the wrong decision.

From the beginning, you must have a strategy that will be implemented when there is an unwanted moment or when the market is not good.
I myself will implement the backup plan that has been made when the market is not what I want.

If you don't have a backup plan it will be more dangerous and leave you not knowing what to do, so whatever way you do it even if it makes the loss greater.

[Parzival204]

You are absolutely right. Many invest in Bitcoin seeking quick profits without understanding its unpredictable changes. This highlights importance of teaching potential investors about dangers. Before advising others we must make sure they understand unpredictable nature of Bitcoin price swings including risks of sudden changes, market uncertainty and possible losses.

As influencers or advisors we have duty to provide fair information set achievable expectations and encourage careful investment strategies. This helps newcomers make smart choices and avoid potential financial trouble. Honesty and informed decision making are good to protecting investors from losses and building responsible cryptocurrency community.

That's right. Sometimes the mistakes and losses experienced by novice investors who are in a hurry to take action on the coins they own will be an evaluation for them so that they can learn from the points of their mistakes in the past. And will make it a lesson to be more careful and take the right attitude when you want to buy or sell coins

[UNIVERSE]

When there is risk, there is always a chance that the probability of winning is always on the high side. Where there is investment that is bound to be profitable there’s always some risk involved and your ability to take on the risk in the face and make something good out of it is the best to do as an investor. Investing in bitcoin requires minimal risk and that should be something to abide by, and not something one should just look by. For bitcoin trading, the risk are higher and it’s better not to risk too much of what you can’t afford to lose when it comes to investing, whether holding or trading of it.

Agree. Even if there is a high risk in crypto, there are many people that could be successful in crypto. There is some ways to deal with crypto risks, one of them is to learn carefully about crypto. People who fail in crypto, they are lazy people and don't have the intention to learn crypto. I think they deserve to fail in crypto if the people are lazy.

Yes, we must accept the risks and we must have the way to deal with the risks. This is the only way to succeed on crypto or Bitcoin investment. We can't avoid the risks, but we must have the way to face the risks. Knowledge is the reason for us to deal with the risks.

[Kemarit]

-snip-
Decision making must be done quickly and precisely when in such a state. While making the right and fast decisions will be more difficult at times like that, because sometimes when the market is in a calm state, we can still make the wrong decision.

From the beginning, you must have a strategy that will be implemented when there is an unwanted moment or when the market is not good.
I myself will implement the backup plan that has been made when the market is not what I want.

No, when we are still in the beginning, we might not have any strategy at all. We even don't know what wallet to used if I'm not mistaken. Although after several months, we might have form our plans along the way as we educated ourselves.

If you don't have a backup plan it will be more dangerous and leave you not knowing what to do, so whatever way you do it even if it makes the loss greater.

Having a backup plan is good, but this is only going to be made once you got the experienced and not in the beginning. You can read everything about it at the start, but it's totally different when you involved yourselves into crypto.

[nakmantu99]

When there is risk, there is always a chance that the probability of winning is always on the high side. Where there is investment that is bound to be profitable there’s always some risk involved and your ability to take on the risk in the face and make something good out of it is the best to do as an investor. Investing in bitcoin requires minimal risk and that should be something to abide by, and not something one should just look by. For bitcoin trading, the risk are higher and it’s better not to risk too much of what you can’t afford to lose when it comes to investing, whether holding or trading of it.

Agree. Even if there is a high risk in crypto, there are many people that could be successful in crypto. There is some ways to deal with crypto risks, one of them is to learn carefully about crypto. People who fail in crypto, they are lazy people and don't have the intention to learn crypto. I think they deserve to fail in crypto if the people are lazy.

Yes, we must accept the risks and we must have the way to deal with the risks. This is the only way to succeed on crypto or Bitcoin investment. We can't avoid the risks, but we must have the way to face the risks. Knowledge is the reason for us to deal with the risks.

We must have knowledge and experience in investing in crypro, that's why we must always learn about crypto and if we focus on trading we must have experience. And we have to understand the risks of crypto because investing in crypto has very big risks, and we already understood that at the start. So how do you minimize the risks to get big profits?

[pieppiep]

When there is risk, there is always a chance that the probability of winning is always on the high side. Where there is investment that is bound to be profitable there’s always some risk involved and your ability to take on the risk in the face and make something good out of it is the best to do as an investor. Investing in bitcoin requires minimal risk and that should be something to abide by, and not something one should just look by. For bitcoin trading, the risk are higher and it’s better not to risk too much of what you can’t afford to lose when it comes to investing, whether holding or trading of it.

Agree. Even if there is a high risk in crypto, there are many people that could be successful in crypto. There is some ways to deal with crypto risks, one of them is to learn carefully about crypto. People who fail in crypto, they are lazy people and don't have the intention to learn crypto. I think they deserve to fail in crypto if the people are lazy.

Yes, we must accept the risks and we must have the way to deal with the risks. This is the only way to succeed on crypto or Bitcoin investment. We can't avoid the risks, but we must have the way to face the risks. Knowledge is the reason for us to deal with the risks.

We must have knowledge and experience in investing in crypro, that's why we must always learn about crypto and if we focus on trading we must have experience. And we have to understand the risks of crypto because investing in crypto has very big risks, and we already understood that at the start. So how do you minimize the risks to get big profits?

Well, to avoid the problems and make sure you get mass profits while risking a small amount, the first thing to do is to carry out an analysis before selecting the crypto asset. It is very important to comprehend basic facts concerning each project – #DevelopmentTeam , technology and long-term objectives of every project we are willing to invest in. As well as, another strategy of limiting the risks is the diversification of portfolio; because, if in the process of dealing with the funds we invest in several securities, some drawbacks of which we will be able to unload, if one of the securities depreciates.

Profit targets followed by stop-losses also reduce risk among them as well as. This will help us avoid the trap of being overly aggressive when setting our prices upwards, and at the same time avoid hitting losses when the prices go down. Nevertheless, it is always important to follow the news of the world of crypto currency, because certain actions taken within this sphere can bring significant changes of prices due to changes of legislation or market mood. Lastly, cash that you are willing to part ways with should not be invested and investment should be made according to your tolerance to risks.

[Fivestar4everMVP]

There is people who only come to bitcoin investment with the mindset to instantly double their money within the period of change in bitcoin without knowing what the price of bitcoin could turned out to be within next moment. So before discussing with anyone about bitcoin or to invest in bitcoin carefully pass the knowledge about the volatility level before they could finally take their decisions to investment in bitcoin or any other cryptocurrency because whatever that happens to the person's fund you could held responsible for misleading them to invest in cryptocurrency that leads to their lost.

Well, I am not sure that at this stage and time, there will still be people out there who invest in bitcoin without knowing the risk involved, or someone introducing a newbie to bitcoin investment without spilling out to the newbie, the risk involved with cryptocurrency investment in general.

This actually is a very important aspect of bitcoin and crypto investment that must not be neglected or pushed aside, where ever there are much gain, there is a high level of risk involved, this should be a common sense to all, but unfortunately, even common sense is not common to some people.

I personally stopped introducing bitcoin and cryptocurrency investments to people except when they ask and plead that I show them, and when I have to, I first of all tell them the risk involved, and this should be a normal practise