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Author Topic: Have you accepted the risk in bitcoin before investment?  (Read 29710 times)

Offline nakmantu99

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #105 on: September 28, 2024, 10:18:07 AM »
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.

I still remember last year bullrun when one guy was crying furiously for investing all his money into Shiba and then the crash hit him badly, he lost more than 93% of his investment in a quick flash and was just crying on how to recover his money. This is a lesson learn for everyone that want to buy bitcoin without understanding anything about bitcoin. It's not doubling scheme where you can put money over night and expect to see huge return, it's a slow process.

The only way I think it's save to mitigate this risk is buying when everyone where shouting that Bitcoin was going back to $3k and $4k level, buy and keep your bitcoin, it will pumped back just the way it's now sitting on the highs of $40k. The Microstrategy and other institutional investors are here with billions in bitcoin, they will protect their investment and that's indirectly protecting yours as well.
I will do as you said if bitcoin price will drop to $3K or $K I buy it with all my set and will hold long term until bitcoin price gets better. This is just a chat because it will not happen, bitcoin will not drop to that price.
My message is never buy mem coin after hype, because we will lose. even though shib and doge are popular mem coins but for me they are still meme coins.

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #105 on: September 28, 2024, 10:18:07 AM »

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Offline SmartGold01

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #106 on: September 28, 2024, 10:39:15 AM »
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
This is always the best way and practice to follow because lot of people still do not have that human understanding how it should go when the investment go on the contrary they should understand why it's called cryptocurrency and not Ponzi scheme where they put a specific amount of money to have back in plenteous folds.
When this is induced to them then there is every possibility of not holding or accusing their mentor of causing their lost and damage.

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #106 on: September 28, 2024, 10:39:15 AM »

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Offline MRY

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #107 on: October 02, 2024, 05:08:18 AM »
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
This is always the best way and practice to follow because lot of people still do not have that human understanding how it should go when the investment go on the contrary they should understand why it's called cryptocurrency and not Ponzi scheme where they put a specific amount of money to have back in plenteous folds.
When this is induced to them then there is every possibility of not holding or accusing their mentor of causing their lost and damage.
Well, you understand, the general public still lacks comprehensive knowledge as to how investment is done, especially with the emerging cryptocurrencies. They are generally irrational; they believe that crypto is a mere way of earning quick money like a Ponzi scheme where you invest and wait to make money shortly. Even more, trading in crypto is a highly risky business as well as the necessity to have proper knowledge in the given sphere and good managing of risks. Without such knowledge, the investors will be prone to disappointment in case of accumulating unsatisfactory outcomes.

It is also common practice for someone who enters the world of cryptocurrencies with unrealistic expectations to quickly begin shifting the blame onto their shoulders and those that guided them. Thus, the true nature of cryptocurrency for every investor is the high volatility of the asset, not the immediate possibility to make a fortune. People need to be educated on these risks to avoid having the wrong impression about the market and also in order to make better investments.

Offline SmartGold01

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #108 on: October 02, 2024, 09:54:53 AM »
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
This is always the best way and practice to follow because lot of people still do not have that human understanding how it should go when the investment go on the contrary they should understand why it's called cryptocurrency and not Ponzi scheme where they put a specific amount of money to have back in plenteous folds.
When this is induced to them then there is every possibility of not holding or accusing their mentor of causing their lost and damage.
Well, you understand, the general public still lacks comprehensive knowledge as to how investment is done, especially with the emerging cryptocurrencies. They are generally irrational; they believe that crypto is a mere way of earning quick money like a Ponzi scheme where you invest and wait to make money shortly. Even more, trading in crypto is a highly risky business as well as the necessity to have proper knowledge in the given sphere and good managing of risks. Without such knowledge, the investors will be prone to disappointment in case of accumulating unsatisfactory outcomes.

It is also common practice for someone who enters the world of cryptocurrencies with unrealistic expectations to quickly begin shifting the blame onto their shoulders and those that guided them. Thus, the true nature of cryptocurrency for every investor is the high volatility of the asset, not the immediate possibility to make a fortune. People need to be educated on these risks to avoid having the wrong impression about the market and also in order to make better investments.
When they understand the risk aspect of their investment it would be that easy for them to understand how it works because in business there is two things possible; either you lose or gain and most times the lost is more much higher than the gain if you don't carefully monitor it or place most priority to the coin which mostly valuable.

Offline UNIVERSE

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #109 on: October 03, 2024, 10:49:36 PM »
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?
Of course, having knowledge and experience is a must. If we have no both of them, we aren't investing or trading in crypto but we are gambling in crypto.  :D  Anyway, I am not sure any people can trade and invest properly if they have no good knowledge and experience. At least, we must have basic knowledge, we can get the experience we start trading or investing.

Crypto is risky, no doubt about this. We know everything can be unpredictable. Crypto market can change the trends easily in a short time, that's why we must have the knowledge to understand this.


Offline 36B

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #110 on: October 04, 2024, 06:46:40 AM »
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?
Of course, having knowledge and experience is a must. If we have no both of them, we aren't investing or trading in crypto but we are gambling in crypto.  :D  Anyway, I am not sure any people can trade and invest properly if they have no good knowledge and experience. At least, we must have basic knowledge, we can get the experience we start trading or investing.

Crypto is risky, no doubt about this. We know everything can be unpredictable. Crypto market can change the trends easily in a short time, that's why we must have the knowledge to understand this.
Absolutely! Lack of knowledge and experience just means that at best we are gambling, not buying stakes. Due to this fact, the cryptocurrency market is volatile and this may go up or down within a short span of time and therefore it is critical to master trends to adjust to the volatile market. Of course it is easier to learn from experience while in this process, but prior knowledge should also not be ignored. If we are wise, we can know better in certainties, therefore, we get much less exposed in swing. In the final analysis, what it takes in this market is time and knowledge.
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Offline Parzival204

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #111 on: October 04, 2024, 08:33:15 AM »
In my opinion, it would be good for someone who wants to invest in the world of crypto to know and learn about the concept of investment itself. Crypto is almost the same as investment in general, where investors must be prepared for the profits they can get and the losses they are ready to bear. But The concept of investing in crypto has a plus point where an investor the longer he holds his coins with the research he has done, the greater his profit will be when he sells them at high market prices.

The basic thing is when you start to investment, identify the factors that will make you profit and the losses that you can bear by doing DYOR. So that your profit expectations will be in accordance with your wishes

Apart from that, investing in crypto is said to be more likely to make a profit because there is a large level of good investors as well as individuals
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Re: Have you accepted the risk in bitcoin before investment?
« Reply #111 on: October 04, 2024, 08:33:15 AM »


Offline UNIVERSE

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #112 on: October 08, 2024, 11:05:52 PM »
Absolutely! Lack of knowledge and experience just means that at best we are gambling, not buying stakes. Due to this fact, the cryptocurrency market is volatile and this may go up or down within a short span of time and therefore it is critical to master trends to adjust to the volatile market. Of course it is easier to learn from experience while in this process, but prior knowledge should also not be ignored. If we are wise, we can know better in certainties, therefore, we get much less exposed in swing. In the final analysis, what it takes in this market is time and knowledge.
Yes, if we don't want to improve knowledge and rely on the luck, gambling is a better place. In trading and investment, it is untrue if we rely on the luck, it is not a proper way. Crypto market is volatile but it doesn't mean we don't need knowledge. This even requires us to have good knowledge because we must face with unstable condition in crypto market. Analysis can be done if we have knowledge, so knowledge is very crucial here.


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Re: Have you accepted the risk in bitcoin before investment?
« Reply #113 on: October 09, 2024, 04:09:46 AM »
In my opinion, it would be good for someone who wants to invest in the world of crypto to know and learn about the concept of investment itself. Crypto is almost the same as investment in general,
well yes investing in crypto is nothing different from investing in other investments there are still the fundamental rules that you apply to all other investments that you should also apply to investing in crypto what is the difference between crypto and other investments like real estate or stocks is crypto is more volatile and it does not have any opening time or closing time of its market
Quote
Apart from that, investing in crypto is said to be more likely to make a profit because there is a large level of good investors as well as individuals
crypto has been around for quite a while and we have seen many individuals earn profit but it is still up to us to make a way to earn here in crypto we all have different methods and goals in investing but if you do it correctly you can certainly make profit

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #114 on: October 09, 2024, 08:21:33 AM »
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.

I still remember last year bullrun when one guy was crying furiously for investing all his money into Shiba and then the crash hit him badly, he lost more than 93% of his investment in a quick flash and was just crying on how to recover his money. This is a lesson learn for everyone that want to buy bitcoin without understanding anything about bitcoin. It's not doubling scheme where you can put money over night and expect to see huge return, it's a slow process.

The only way I think it's save to mitigate this risk is buying when everyone where shouting that Bitcoin was going back to $3k and $4k level, buy and keep your bitcoin, it will pumped back just the way it's now sitting on the highs of $40k. The Microstrategy and other institutional investors are here with billions in bitcoin, they will protect their investment and that's indirectly protecting yours as well.
I will do as you said if bitcoin price will drop to $3K or $K I buy it with all my set and will hold long term until bitcoin price gets better. This is just a chat because it will not happen, bitcoin will not drop to that price.
My message is never buy mem coin after hype, because we will lose. even though shib and doge are popular mem coins but for me they are still meme coins.

I too will do the same thing when the price value of Bitcoin drops by 3k$. That's why it's so vague, because if I look at history, that's not what happens to the value of bitcoin in the reality of what's happening in the market. And all the community in this industry knows it too.

I have not seen anything in the history of bitcoin since it existed in the digital world that its price has decreased as time passes; instead, as the years pass,
its price actually increases in the market.
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Re: Have you accepted the risk in bitcoin before investment?
« Reply #115 on: October 09, 2024, 04:35:26 PM »
It is risky to persuade someone to invest in Bitcoin, first of all as a Bitcoin investor you are not freely investing at sometimes not to talk more of persuading a person.
And it will also be unwise for the persuaded person to just jump into investment without doing their own research about that particular investment the risk a starter faces is more than that of a person already involved in it.
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Re: Have you accepted the risk in bitcoin before investment?
« Reply #116 on: October 09, 2024, 06:00:54 PM »
Of course, having knowledge and experience is a must. If we have no both of them, we aren't investing or trading in crypto but we are gambling in crypto.  :D  Anyway, I am not sure any people can trade and invest properly if they have no good knowledge and experience. At least, we must have basic knowledge, we can get the experience we start trading or investing.

Crypto is risky, no doubt about this. We know everything can be unpredictable. Crypto market can change the trends easily in a short time, that's why we must have the knowledge to understand this.
Firstly, trading in cryptocurrency required with knowledge and experienced will get after trading, but many trader or new cryptocurrency trader lack knowledge but keep try to trade before learning more. I think firstly needed is knowledge and experienced will get it after trading several time learn more from the mistake.
Cryptocurrency have big risk exactly when investing assets in altcoin, its most important think by trader about cryptocurrency trading can't guarantee profitable every time and must learn more how to avoid loss.

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #117 on: October 09, 2024, 06:17:10 PM »
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.

This is a newbie mindset and they are not properly taught what investing on Bitcoin is and what the risks associated with it, The first sign of losing their investment will prompt these investors to cut their losses, not knowing there's a chance to regain what they've lost.

Quote
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.
Before I invite anyone to invest in Bitcoin, I first mention all the risks and dangers of investing, all the bad effects of gambling, before telling them the positive side of investment, we're not investing in a high yield investment but in a technology.
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Re: Have you accepted the risk in bitcoin before investment?
« Reply #118 on: October 09, 2024, 09:01:30 PM »
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.

This is a newbie mindset and they are not properly taught what investing on Bitcoin is and what the risks associated with it, The first sign of losing their investment will prompt these investors to cut their losses, not knowing there's a chance to regain what they've lost.

Quote
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.
Before I invite anyone to invest in Bitcoin, I first mention all the risks and dangers of investing, all the bad effects of gambling, before telling them the positive side of investment, we're not investing in a high yield investment but in a technology.
Yes it's always important to tell them the rules and regulation how the investment works before telling them their benefits because when you first present the benefits they would feels so excited thinking there is no risk involved, but when they lose they all regrets investing in bitcoin because they aren't properly oriented about how the investment works.

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Re: Have you accepted the risk in bitcoin before investment?
« Reply #119 on: October 09, 2024, 11:59:05 PM »
Firstly, trading in cryptocurrency required with knowledge and experienced will get after trading, but many trader or new cryptocurrency trader lack knowledge but keep try to trade before learning more. I think firstly needed is knowledge and experienced will get it after trading several time learn more from the mistake.
Cryptocurrency have big risk exactly when investing assets in altcoin, its most important think by trader about cryptocurrency trading can't guarantee profitable every time and must learn more how to avoid loss.
You're right. Knowledge and experience are a must to have in trading. Those who just join in crypto, it is normal that they have lack of knowledge. That's why the beginners need to spend time to learn everything about crypto, specifically about trading or investment. In the beginning, it is no problem to make mistakes, but should do it again the future. We must learn from mistakes, it is also a part of experience.

Invest and trade altcoins have big risks. But if we have knowledge, I think we can deal with the risks. But to take profits every time, I think it is very hard to do. But it is possible if we set small profits.


 

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