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    Author Topic: Bitcoin is risky  (Read 1602 times)
    laijsica
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    August 22, 2024, 05:05:31 AM
     #81

    Because it was true. Crypto is volatile and even though Bitcoin has proved itself to continue to rise even after each dip, its price is still unstable. I realized that this does not necessarily have to be a bad thing especially if you are knowledgeable enough to minimize these risks. It was easy to get defensive but, in the end, I just explained to that friend that that is why it requires much attention and studying.
    That is why people needs to understand the volatility of the market first before making decisions of going into the market to invest. It will be very risky for someone who does not have understanding of crypto to invest because it is possible for people of no knowledge to sell out of fear when the market is going dip.  The volatility in cryptocurrency is very important and it is what makes crypto to be valuable and people needs to understand how the volatility works so that it can be of good advantage to make profit .
    Cryptocurrency is very risky for those who don't have knowledge about it and it is not advisable for people who have no understanding of it to think of investing in it.
    Yes, it is important for every investor to be aware of cryptocurrency and ensure proper use of their capital in volatile price trends. Volatile markets may make people more interested in investing because of the potential for higher profits. At the same time it can carry high risk but one should choose the right crypto to understand the mood of the market and accordingly decide to invest one's capital in the right place. In that case the decision to invest in Bitcoin can be right which can give high profit as a result of long term holding even in volatile price trends. If you can take the opportunity to buy Bitcoin in a down market, you can make huge profits. Also, if you keep your holdings in multiple cycles, there is a possibility of getting several times more profit.

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