Have you accepted the risk in bitcoin before investment?

[SmartGold01]

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 made a similar post on the Nigerian local board about how to convince our parents to invest in bitcoin, and the responses I received were beneficial to me because they made me realize that I should not suggest that anyone to invest in bitcoin or any other cryptocurrency, rather, I should concentrate on sharing my best knowledge of it with them. Any investment should be made personally by the person, not by following advice from others, because If you suggest investing to anyone and the outcome is unfavorable, they will hold you responsible. Investing should be based on knowledge.
A lots of people today wish to double their money by investing in bitcoin without having the proper knowledge, which is completely wrong because as we profit from it, we also face losses when the price drops, and the highest possibility of losing is when you don't have knowledge about it.

Knowledge plays important role in our lives while directing and wishing our fellow to invest in bitcoin and I know is not possible to come into what we don't have the idea of, because when there is danger we should be able to understand when to go out from it or when to gradually reduce the risk associated to it.
That is why telling someone to invest in bitcoin without them knowing what are going to invest is extremely dangerous since they can't control the risk index that comes through investing into what they have no knowledge about.

[dekafee79]

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 made a similar post on the Nigerian local board about how to convince our parents to invest in bitcoin, and the responses I received were beneficial to me because they made me realize that I should not suggest that anyone to invest in bitcoin or any other cryptocurrency, rather, I should concentrate on sharing my best knowledge of it with them. Any investment should be made personally by the person, not by following advice from others, because If you suggest investing to anyone and the outcome is unfavorable, they will hold you responsible. Investing should be based on knowledge.
A lots of people today wish to double their money by investing in bitcoin without having the proper knowledge, which is completely wrong because as we profit from it, we also face losses when the price drops, and the highest possibility of losing is when you don't have knowledge about it.

Knowledge plays important role in our lives while directing and wishing our fellow to invest in bitcoin and I know is not possible to come into what we don't have the idea of, because when there is danger we should be able to understand when to go out from it or when to gradually reduce the risk associated to it.
That is why telling someone to invest in bitcoin without them knowing what are going to invest is extremely dangerous since they can't control the risk index that comes through investing into what they have no knowledge about.

I agree that knowledge is the most important thing in investing in crypto, then we must have capital. Because if we only have knowledge without capital we cannot invest or trade in crypto. everyone here is always looking for knowledge and experience by honing skills in making analysis and developing strategies in investing and trading.

[enwi]

I agree that knowledge is the most important thing in investing in crypto, then we must have capital. Because if we only have knowledge without capital we cannot invest or trade in crypto. everyone here is always looking for knowledge and experience by honing skills in making analysis and developing strategies in investing and trading.

I also observed that adequate capital is very crucial as this would enable us to apply the learned knowledge in the realm of crypto investment right from the moment. Besides capital, we have to look at risk management as a strength as well. If we have no experience, skills which are gradually improved, we will face difficulties with making the right decisions although we have capital. For this reason, there are two more factors important to such market: knowledge of the market and skills for creating a proper strategy for working in the sphere with unpredictable price changes.

[Madmax789]

Investing in Bitcoin comes with unique risks, and it's essential that anyone considering investing in it evaluates them. Since I'm a language model and not an investor myself, I approach Bitcoin from a purely informational perspective, but I can certainly help outline the key risks that investors typically consider before investing in Bitcoin.Bitcoin prices can swing wildly in short periods of time, making it a highly volatile asset. Investors need to be comfortable with the possibility of substantial price fluctuations — both up and downAs governments and regulatory bodies around the world continue to develop cryptocurrency regulations, changes in policies can affect the value of Bitcoin. New laws could limit bitcoin trading or affect demand for it, affecting the marketWhile the Bitcoin network itself is generally secure, investors must protect their wallets and private keys to prevent loss or theft. There is also the risk of fraud or hacking on the exchanges where people buy and trade bitcoinsBecause Bitcoin is still a relatively small market compared to traditional financial assets, it is vulnerable to manipulation by large holders or "whales". These individuals or groups can influence prices, which can increase risk for small investorsBitcoin's future depends on its acceptance and adoption over time. If interest drops or another cryptocurrency takes its place, the value of Bitcoin may be affected.For those who decide to take these risks, it often comes down to a clear investment strategy: setting realistic expectations, diversifying, investing only what they can afford to lose, and committing to ongoing learning. Such an approach helps them stay prepared regardless of market ups and downs.

[satpol_PP]

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 made a similar post on the Nigerian local board about how to convince our parents to invest in bitcoin, and the responses I received were beneficial to me because they made me realize that I should not suggest that anyone to invest in bitcoin or any other cryptocurrency, rather, I should concentrate on sharing my best knowledge of it with them. Any investment should be made personally by the person, not by following advice from others, because If you suggest investing to anyone and the outcome is unfavorable, they will hold you responsible. Investing should be based on knowledge.
A lots of people today wish to double their money by investing in bitcoin without having the proper knowledge, which is completely wrong because as we profit from it, we also face losses when the price drops, and the highest possibility of losing is when you don't have knowledge about it.

Knowledge plays important role in our lives while directing and wishing our fellow to invest in bitcoin and I know is not possible to come into what we don't have the idea of, because when there is danger we should be able to understand when to go out from it or when to gradually reduce the risk associated to it.
That is why telling someone to invest in bitcoin without them knowing what are going to invest is extremely dangerous since they can't control the risk index that comes through investing into what they have no knowledge about.

I agree with you knowledge plays an important role in everything especially when we invest in crypto. We must have the knowledge and skills in developing the right strategy so that what we plan will succeed. By always practicing analyzing and making strategies, we will have experience. And this is very valuable as an investor or trader.

[MUGNIA]

I agree with you knowledge plays an important role in everything especially when we invest in crypto. We must have the knowledge and skills in developing the right strategy so that what we plan will succeed. By always practicing analyzing and making strategies, we will have experience. And this is very valuable as an investor or trader.

true, because without knowledge we cannot know what and how to get it, the risks that will be obtained from the coins that we will buy later, because crypto knowledge is the main basis for investing in digital such as bitcoin and existing altcoins

[bitcoin-shark]

Although bitcoin may seem very volatile investing in it carries the same risks as investing in anything else such as altcoins, gold, traditional trading, raw materials for me it is an acceptable risk

[|MINER|]

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.

Yes I accept the risks of bitcoins invested here. And I have invested the amount that I can afford to lose.
And the main reason is that even though bitcoin is the most trusted coin, it has the vulnerability that contains the risk. And here if we invest all our income funds and if ever bitcoin dump and for emergency situation we must sell from here and then use the money. And then of course we will lose. And keeping these things in mind, I invest an amount of Bitcoin in advance that will not affect me and also have savings in my stable fund to handle emergency situations.

[UNIVERSE]

Yes I accept the risks of bitcoins invested here. And I have invested the amount that I can afford to lose.
And the main reason is that even though bitcoin is the most trusted coin, it has the vulnerability that contains the risk. And here if we invest all our income funds and if ever bitcoin dump and for emergency situation we must sell from here and then use the money. And then of course we will lose. And keeping these things in mind, I invest an amount of Bitcoin in advance that will not affect me and also have savings in my stable fund to handle emergency situations.

In my opinion, one of the things that needs to be understood and we are ready before investing in Bitcoin besides related to knowledge and self-management, we are also obliged to the risks that we will face, whatever it is, do not let us only think about the possibility of profits, but the risks must also be considered, and because of that, it will lead us to develop a strategy and also wise risk management that is in accordance with our abilities. If we do not accept the risk, then we will ignore the best and wisest strategy in investing, and will actually become more greedy, easily panicked, and inconsistent.

[satpol_PP]

Yes I accept the risks of bitcoins invested here. And I have invested the amount that I can afford to lose.
And the main reason is that even though bitcoin is the most trusted coin, it has the vulnerability that contains the risk. And here if we invest all our income funds and if ever bitcoin dump and for emergency situation we must sell from here and then use the money. And then of course we will lose. And keeping these things in mind, I invest an amount of Bitcoin in advance that will not affect me and also have savings in my stable fund to handle emergency situations.

In my opinion, one of the things that needs to be understood and we are ready before investing in Bitcoin besides related to knowledge and self-management, we are also obliged to the risks that we will face, whatever it is, do not let us only think about the possibility of profits, but the risks must also be considered, and because of that, it will lead us to develop a strategy and also wise risk management that is in accordance with our abilities. If we do not accept the risk, then we will ignore the best and wisest strategy in investing, and will actually become more greedy, easily panicked, and inconsistent.

proper risk management is a must for a crypto trader and investor. In addition to having good emotional management and strategy, we must also have good analysis and predictions.
because in investing in crypto as an investor or trader we will always be faced with risks.
There are many things we must learn in order to become experts in the crypto world.

[|MINER|]

In my opinion, one of the things that needs to be understood and we are ready before investing in Bitcoin besides related to knowledge and self-management, we are also obliged to the risks that we will face, whatever it is, do not let us only think about the possibility of profits, but the risks must also be considered, and because of that, it will lead us to develop a strategy and also wise risk management that is in accordance with our abilities. If we do not accept the risk, then we will ignore the best and wisest strategy in investing, and will actually become more greedy, easily panicked, and inconsistent.

I think money management skill is the biggest and most necessary skill in the world. Persons who have this knowledge face very few losses rather most of them are always profitable. Money management is needed not only in trading but in every aspect of life.
And money management is not just a strategy, but management is a human blockade, it depends on everything from psychological strength. Like many of us get confused and depend on emotions when we get a news and often become panic traders. Those who understand money management well definitely do not make such decisions, and because of this their profit numbers are also high.

[Kemarit]

In my opinion, one of the things that needs to be understood and we are ready before investing in Bitcoin besides related to knowledge and self-management, we are also obliged to the risks that we will face, whatever it is, do not let us only think about the possibility of profits, but the risks must also be considered, and because of that, it will lead us to develop a strategy and also wise risk management that is in accordance with our abilities. If we do not accept the risk, then we will ignore the best and wisest strategy in investing, and will actually become more greedy, easily panicked, and inconsistent.

I think money management skill is the biggest and most necessary skill in the world. Persons who have this knowledge face very few losses rather most of them are always profitable. Money management is needed not only in trading but in every aspect of life.

And there are no secret, we know the difference between want and need. But the thing is that it's hard to execute this money management to be honest. Everyone falls for the trick of using their money in things that they really doesn't need, or just waste it into something.

And money management is not just a strategy, but management is a human blockade, it depends on everything from psychological strength. Like many of us get confused and depend on emotions when we get a news and often become panic traders. Those who understand money management well definitely do not make such decisions, and because of this their profit numbers are also high.

So again, it's easy as it sound, but it's not for everyone. It will take a lot of mental practice to have this kind of skills. You have to rewire your brain specially if we are being raise from the beginning that money is the root of all evil and so it is bad. So very hard to overcome it unless you really understand how we are being controlled mentality. And that is the time when we invest in crypto and learn to HODL and again, that mental toughness that we needed in the long run.

[SmartGold01]

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.

Yes I accept the risks of bitcoins invested here. And I have invested the amount that I can afford to lose.
And the main reason is that even though bitcoin is the most trusted coin, it has the vulnerability that contains the risk. And here if we invest all our income funds and if ever bitcoin dump and for emergency situation we must sell from here and then use the money. And then of course we will lose. And keeping these things in mind, I invest an amount of Bitcoin in advance that will not affect me and also have savings in my stable fund to handle emergency situations.

Seems you do not understand why people choose bitcoin over time and over other currencies is that if Bitcoin dump or lose value there is every possibility for Bitcoin to rise back to the previous price were you buy it before, and also bitcoin can rise above the previous price to reach another price level. So Even through you decide to hold back that same bitcoin you invested without selling there is every chance for the price to rise again, but no altcoin can rise back especially the newly listed altcoin in the market doesn't hold that potential to rise back when due.

[rachael9385]

Investment is like giving your life to Christ and evangelism, when a person evangelizes to you they won't force you to give your life to Christ it's a personal something if they force you and you accept you may easily fall but when you count the cost and make decision yourself you stand.

So I won't advice anyone to force a person into Bitcoin investment, the best way to tell a person about BTC investment is yourself, they need to see it in you. And those investing should not just follow what a person has told them it's a thing of money, a person who cherish their money won't wait for you to tell them to access the cost once it's money something they won't want to lose so they access the cost before taking the risk.

[|MINER|]

Seems you do not understand why people choose bitcoin over time and over other currencies is that if Bitcoin dump or lose value there is every possibility for Bitcoin to rise back to the previous price were you buy it before, and also bitcoin can rise above the previous price to reach another price level. So Even through you decide to hold back that same bitcoin you invested without selling there is every chance for the price to rise again, but no altcoin can rise back especially the newly listed altcoin in the market doesn't hold that potential to rise back when due.

There is nothing to understand here, maybe you didn't understand what I said. And what I think most of the people when they do bitcoin investment they don't have much experience especially if you see now the market cap of bitcoin but it's increasing day by day that means people are investing right now. This is also mainly due to the hype of the bull season but I think most of the people who are investing now are investing based on the hype that the price of Bitcoin has gone up so much and will go up further. And those who are currently investing I think most of them are new investors and many of them have no analysis knowledge. As a result most of them will lose and so on. Bitcoin miners will gain this year's profits.