Jan 31, · Regulatory Risk Probably the biggest risk to the future success of Bitcoin as both a currency and as an investment class is regulatory risk. If . Dec 07, · Bitcoin is considered an uncorrelated asset, meaning that there appears to be no link between the performance of the traditional stock and bond markets and that of Bitcoin. This is desirable for traders looking to diversify risk out of their portfolio. Dec 23, · Another risk of investing in Bitcoin is losing Bitcoin to theft. Bitcoin thefts can be: through hackers who steals private keys from just anywhere (Bitcoin exchange, Bitcoin wallet). through theft acted as buyers on Bitcoin exchanges.
What is the risk of investing in bitcoinHow Much of a Risk Is Investing in Bitcoin?
If you decide to dabble in bitcoin, classify it under your high-risk, high-reward portfolio. You can reap huge profits in the short-term and lose heavily if the value drops. The course is designed for beginners with little or no knowledge of bitcoin. It includes 19 video with practical tutorials and tips that total nearly 3 hours. Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface.
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Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Table of contents [ Hide ]. Buy Bitcoin. Read Review. Commissions Depends on security and leverage. Open an account. Commissions 0. Best For New cryptocurrency traders Cryptocurrency traders interested in major pairs Cryptocurrency traders interested in a simple platform.
Pricing 1 time investment fee depends on acct. Get Started. Means Bitcoin is not controlled by a person or a group or entity. But, we all still live in a world controlled by others — rules and regulations set up by the authority.
Such as not allowing Bitcoin trading or transaction. But again, some of the rules and regulations can be a good thing to protect Bitcoin holders. Such as to minimize fraud when trading or transacting Bitcoin. From time to time, new coins emerge. Some of these new coins are trying to beat Bitcoin in term of its transaction speeds, transaction cost or other value.
That is why I am looking into owning cryptocurrency other than Bitcoin. And also, to be aware of things going on in the crypto space. I was perplexed when I first read that Bitcoin can become worthless.
But later I realized I am rather grateful for knowing this. True enough. Similar to all other currencies, it is possible for Bitcoin to fail as well. All I can do is to just invest the amount I am willing to lose. If Bitcoin becomes worthless and I am too late to cash out, I shall painfully treat it as a failed investment. As Bitcoin value rise, so does the risk of losing it to theft.
And as a Bitcoin owner, I am well aware of the importance of safeguarding my Bitcoin investment. Unlike other types of investment where I can have a hardcopy to prove the ownership, Bitcoin ownership is through digital.
Everything is done digitally — emails, apps, software wallets, hardware wallets. So, I need to know how to protect my Bitcoin wallets. And at the same time to have back-ups of my Bitcoin wallets. Owning Bitcoin can be a risky thing. That is why I only invest the amount I am willing to part with.
And focus on the positive part of owning Bitcoin. Image by mohamed Hassan from Pixabay Screenshot by author. Thanks for sharing your experiences on Bitcoin. I am thinking of investing bitcoin too. Will it be a situation that the company may ask me to top up my cash if the value goes down.
I want to make sure that I am comfortable to lose the amount I can afford. Thanks much.