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Investing should be done continuously. It is about spending money cautiously. Those who are sceptical about BTC are those who are not sure of the value of investing. Those who are not sure about Bitcoin investment need to educate themselves about the basics of investing.
Value investing is a very important investment strategy which is about picking the assets for investment which appears to be trading for less than its intrinsic value. The belief is that the market overreacts to good and bad news; this driving price movements which in reality do not correspond to long-term fundamentals. It is about buying the asset for a price and wait until its price rises to its true value.
Those who encourage BTC investment are value investors. They know what they are doing, but the rest who don’t have an idea about investment practices are not sure.
Dan Held Shared: It’s risky not to own Bitcoin.
Community Response: Is it risky to put all my money on the margin on Bitcoin? Definitely yes. Those who have high risk appetite do it. Though there are those who are make profits with such approaches, it is always good to invest with discretionary funds or at the least dollar cost average within your investment affordability. While buying on margin increases profit potential it brings greater risk. Leverage can exemplify profits and loss – and one margin call can become very challenging if you do not have hedge strategies in place. Margin on Bitcoin is not for all. Technically no – but investors sport it.
It’s risky to invest in crypto without knowing anything about the technology and doing so just because you’ve been peer-pressured into it. I strongly stand by the opinion that you need to get a deep understanding of what you are going to do and why – if it’s about your money.
It’s risky not to own Bitcoin and not to have USDT on the account. Inflation can beat you at any time. It is practical to have USDT in account as it has a 1:1 peg to USD and anytime one wants to buy BTC, they can make use of USDT without having to worry about losing out of desired buying price due to delays that are common when trying to buy Bitcoin using Fiat. USDT is a great idea to keep your value parked for Bitcoin purchase when the price is attractive.
What do you do with all your coins? Why holding them is more interesting than using them? If 1% of your portfolio could become like 50%, and it goes down 1% if you lose it all, then yeah pretty much.
There is something called opportunity cost, which is the forgone benefit, which one would derive from an option that is not chosen. The opportunity cost for not holding is too big. I would like to see how it pans out with interest rate hikes that will be yet another test for Bitcoin.
To live, in general, is risky. Bitcoin is the safety net. I’m thinking what if in the future, you don’t have physical currency?
How risky can it be not to own the NFT BTC? It is only digital art. Not gold. Not money. It is nothing, but just a piece of code that no one can use.
If these digital currencies are so great, why are there people trying to either, push, influence, or encourage others to buy them? That itself makes me hope, this doesn’t later on and turn into some kind of Ponzi scheme.
Bitcoin and Ethereum are coins with good risk tolerance. Cryptocurrencies are like lotteries – they can fall to their lowest price any time.
Agree. That’s why everyone who doesn’t own a Bitcoin needs to buy when possible.
No, right now is super risky. BTC price action is already weak and on top of that, Russia is about to invade Ukraine. In the current trend, it just looks like Russia would attack Ukraine in short notice.
Ukraine has long looked in to the possibility of reaching a compromise on Bitcoin use among members of the public and private sector for radically transforming Ukraine’s economy.
Russia’s Deputy Foreign Minister Sergei Ryabkov, recently led negotiations with the US in Geneva, and stated, “We will not strike, attack or invade Ukraine.”
However, if Russia attacks Ukraine, the growing adoption of Bitcoin Ukraine will be affected. BTC provides unique opportunities for ordinary citizens and innovative startups.
The case of Ukraine promises a possibility of rapid transformation of the regulatory, institutional and intellectual environment under the impact of innovative and decentralized solutions with Bitcoin. The higher innovation rates and capital accumulation might contribute to the growing national and global sustainability while the major priority is assigned to the economic freedom of every person.
