As a risk-taker in the world of crypto

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Disclaimer: The following statements do not advertise any coin and not a financial advice from a professional, consider to do your own research and invest only what you can afford to lose. This is only the author's point of view based on her own experience. Crypto is already subjected to high fluctuations of value and you may consider possible loss once you take the risk of entering the world of the crypto-verse.

As an investor, crypto blogger, and trader, exploring blockchain is a somewhat exciting and nerve-wracking experience. You may encounter a lot of confusion when it comes to terminologies, procedures, and all that if you do not start from scratch and jump to it immediately without testing the water but somehow, a risk-taker can take advantage of this kind of situation. If you are also one of the believers that digital money or cryptocurrencies are the solutions to resolve the issue in our financial world, you can gain more confidence in the coins and tokens you have right now. Revolution is waving. You have been aware so I am going to explain some of the perks of being a risk-taker and how to be wise when it comes to diving into a world that you are not familiar with.

  • Knowledge

    Learning takes time and effort and investing while you don't have enough knowledge or information is taking risk already. Awareness can help you avoid scam and suspiscious projects, knowing the information about the project is a great start before putting your money into it. You have to look for the basic info such as website, whitepaper, tokenomis, team behind the project, who are the investors, and so on. If an investment opportunity seems too good to be true, promise unrealistic returns, it’s a scam. Avoid them, and ignore any further messages.

  • Access/ security/privacy

    Since cryptocurrency operates on blockchain technology, which at its core is used to record financial exchanges some of us prefer using centralized over decentralized exchanges, the security concern will probably increase.

    You can protect it by;

    - Being Responsible,

    - Not losing or forgetting passwords,

    - Use secure crypto platforms and exchanges

    - NOT YOUR KEYS, NOT YOUR COINS (keep your seed phrase and private key)

    Giving your data is risky enough to lose your funds, investors should not only rely entirely on security in the blockchain, you have to take personal resonponsibility to protect your information and money. It is very important to secure your privacy to keep your data secure and wide eyes open. Remember, no legitimate company will approach you asking for money, and you shouldn’t send currency to random strangers either. 

  • Volatility

    Crypto price movements are very volatile and everyone must know it. You have to identify which coin is for your short and long-term hold so it will be easy for you to diversify your portfolio. The most famous line to be safe on this volatility is to buy low, and sell high. It is pretty easy to understand yet many of us failed to follow this because of our greediness, once we earned some, we tend to enter without hesitation and give it all wanting higher rewards. Being a risk-taker can lead you to become instant rich or not. When you are a risk-taker, you have to remind yourself to set aside your emotions and not put all of your investment in one shot. Risk-taker must also be a wise thinker.

  • High risk, High reward

    You might seen it everywhere and that's true, you will get higher rewards when there is high risk. If you want to earn big like others, you have to remember that before they get into it, they also have big losses. That what makes them more stronger, you have to lose in order to learn and gain something. Like what they said, experience will help you improve.

Take risk, if you win you will be happy but if you lose, you will learn and become wiser. Be brave to take risks, nothing can substitute experience.

"The biggest risk is not taking any risk" - Mark Zuckerberg

All those opportunities in front of you will not gonna wait for you to take risk, it's etheir riding together with the train or you let it pass and that opportunity will be gone once you ignore it.

I have this saying that regrets are always there but the moment you tried something is already being brave enough to take a risk and step up.

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Author's Note:

Article #131 (April 25, 2022)

Thank you for sincerely reading my articles, I appreciate all the comments, upvotes, tips, and subscriptions of yours. If you want to connect with me, you can always visit my account below :)

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Comments

Ayy sanaol nalang nagiging wise pag natatalo ako kase after ng talo talo ulit. Char Risk taker yarn HAHA

$ 0.00
1 year ago

When we enter in crypto world and investment it is really important that we will accept any possible result. Knowledge is power indeed and we have to make sure that we are a risk taker

$ 0.00
1 year ago

I am still learning on how those things works I've been reading about the terms and things to consider about crypto, trading and etc. But I think I wasn't still ready for it I tried to practice to buy some tokens in some wallet and holding but most of them just failed because it mostly get dumped lower than I bought it. But yeah I will keep try to learn about it more.

$ 0.00
1 year ago

That's why researching the project's roadmap is very important. Not all tokens are good to buy and just hodl, there are tokens for the short term investment which you can take advantage of being an early bird. You will have chances of buying it lower and selling when people hype it, but knowing tokens like that by the time it's already in the hype, and when you enter, people are already selling.

Of course, it cannot be avoided since pump and dump is already part of the price movements, imagine earning bch for $300 and then converting it into a stable coin or in your local currency at $350. That's why people hodl but not forever, you have to take profit when there is an opportunity of selling at high prices :)

If you believe in that coin or tokens, (for example BCH) you will not worry about low the price of it today, instead, you will accumulate more right? Because you see that this project will succeed and there is a high chance to pump the price again :)

Thanks for the comment💗💜

$ 0.00
1 year ago

Yeah that's why I am always trying to read about the details of the tokens or coins if it is really worth holding for. Yeah BCH is one of the Coins that is really worth holding in our wallets because there is a high chance that it will rise again in the near future.

$ 0.00
1 year ago

Ako, if i-push ko yung trading.. gusto ko sya gawing full time, para monitored ko talaga. Kaso may daytime job ako eh, di ko mafocus-an. Ganon talaga eh, more risk, more reward. Aguyy..

$ 0.00
1 year ago

Try spot trading to start, diyan po ako nagsimula at pwede siya tulugan☺

$ 0.00
1 year ago

Up to all of this! But seriously, if di ako nag take risk nong nagsisimula palang akp dito. I mean, pag hodl palang ng BCH without converting it into fiat is a risk na din ee. If I didn't try that, naku boring talaga ang life today 🤕. Bat yun nga buti I try and still trying and trying but with caution naman.

$ 0.00
1 year ago

Totally agree ate ruffa! Kapag puro takot ang pinairal, hindi uusad😌 hodling your investment is a risk already. Try and try until you succeed 🤭😌💗

$ 0.00
1 year ago

Yes naman, diba nga like you diba di ka sumuko sa kanya and now OMG 🥳🥳🥳🥳😍🥰. Ay teka, crypto pala ngani HAHAHAHAHA

$ 0.00
1 year ago

Hahahhaha basta ang mahalaga ay importante🤣🙉🙊

$ 0.00
1 year ago

It's all fun until we lose money, ika pa nila hahaha

$ 0.00
1 year ago

It's fun when we earn, it will make you more careful once you lose.😁

$ 0.00
1 year ago

Parang di ko pa kaya mag take risk as of the moment. Not ready to burn my money. Hahaha. Siguro kapag nakabili nako ng laptop, pwede na mag take risk hahha.

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1 year ago

Haha oh well, opportunities will not wait for anyone to be prepared. It's a matter of risking and when you are a risk-taker it doesn't mean you will lose money, for me, it means winning or learning from it.

Will you let this train go without you, or join the ride?

$ 0.00
1 year ago

I have been planning to try but I don't think so I am ready..haha

$ 0.00
1 year ago

Take your time☺ it's either you take the risk or you lose the chance☺

$ 0.00
1 year ago

Haha kaya hindi ko pa.matry ,, baka hindi ko pa kayanin hahha

$ 0.00
1 year ago