Bitcoin Forum

There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it

*The high volatility attach to it can be very risky.

* It's not generally accepted by all.

* It can be stolen if your system is hacked.

* It's almost near impossible to retrieve if sent to the wrong address.

  advantages of having it

* It can make you filthy rich during the bull run.

* It decentralized, no third party like banks and financial institution.

* It's a self custodian asset, the privacy is priceless.

* It's very accessible at any given point in time.
 
I don't know if I missed some that I didn't mention.

Your risk points are based either on investing recklessly or on not knowing how to protect your coins. If you created your wallet in an AirGap system and the entropy was truly random, and you stored your seeds correctly, then the chance of losing your money is almost non-existent.
The investment must be long-term, for two halving cycles on average, to avoid any real loss. It is true that it may not be the ideal investment, but adding Bitcoin to your investment portfolio is considered a smart move.

Saying high volatility is risky and making you rich at the same time doesn't make sense, if there's no volatility, how you can earn from your investment?

Bitcoin isn't accepted in every country, but it doesn't have to be accepted nor it must be legalized, that's kind of centralization.

Any hack that related to Bitcoin mostly related to CEX failure, poor wallet, ponzi, lending, and human failure. System, which refer to Bitcoin on chain network, when did Bitcoin network ever get hacked?

Retrieving coins sent to wrong address is correct, but that's not a disadvantage since it was a human failure, not Bitcoin failure.

Hey we need to consider on simple thing that without any volatility there cannot be any profit and if someone wants to earn profit without volatility they need to get into traditional investments like real gold but gold's slow growth rate cannot beat inflation and one will still be behind when it comes to finances and Bitcoin has its own pros and cons like we cannot retract a wrong transaction a these are human errors and I would say Bitcoin may be volatile for non crypto users but for someone familiar to Crypto knows that it's the most reliable asset one can have.

The only real disadvantage I feel is the exorbitant transaction fees which we see during network congestion or bull run it's something which creates hurdle when we want to make some transaction on urgent basis and you realise transaction fees are more or equal to the value you wanna transfer.

High volatility is also an advantage of Bitcoin. We can always buy when the price goes down and sell when it high making some profit. Without the fluctuations in price, investing in Bitcoin might not be attractive.

That is true but you can always change Bitcoin into fiat anytime you want to make payments.

No wallet is 1000% protected from hacks but it is possible to keep your coin secured from attacks. All you need to do is study wallet security, choose the right wallet, and avoid exposing your wallet to risks.

One can also lose fiat money if it is transferred to the wrong account number. This is why one should pay attention to details when carrying out transactions in the crypto space. The nonreversibility nature of Bitcoin after confirmation is for security and to avoid fraud.

Not so sure if  there is even one that can Hack Bitcoin system(at least not in our time now?) so the hacking will happen because of users laziness to keep them safe and that is not the system.

But always consider that the Fee may increase so even if it is available but your capacity to tolerate the transaction fee is the most important thing.

I am glad that Bitcoin is highly volatility, this is why I am still confidently accumulating Bitcoin, if the price is stable why would I want to acquire so much of it? Volatility is like a regulator for Bitcoin, it stables everything, and that's why brings in more adopters and that's what also create winners.

It's normal that not everyone will accept Bitcoin generally, it's a decentralized digital asset, and that use case isn't for everyone anyways, I am into Bitcoin not only because I can make money by holding it for the long term, I also need the decentralization badly because of what and what my government have been doing with it's people, monitoring your income stream and your bank account is normal to them.

If money is lost in your bank account you have the bank to blame and they can get it back for you, but Bitcoin gives you total custody of your asset, you are in control and if you misplace your recovery seed or private key its your own fault, if you can't take responsibility you should not buy Bitcoin.

in everything that involves profiteering lies both advantage and disadvantage but what we
need here is proper understanding and not just believing what have been said by others because a simple mistake
will end you losing everything so the best weapon is study and never to become greed that is the better approach
here.
Bitcoin will always be the smartest way to invest but we can also try acquiring some good altcoins readying when the market bulls .

 There's nothing worth having that won't require you pay a little price. In every business, there's the certainty that there'd be ups and downs and Bitcoin is no different. Only, you have to invest with what you can afford to lose. For some, the idea of Bitcoin being volatile can be appealing because it can quickly surge after it most have gone down but some too afraid to involve themselves and these group are mostly those have the mentality that it's a get rich quick scheme that has no downside.

 Then again before involving yourself in any kind of business,it's necessary to DYOR so it can help prepare you for what you are getting into. Just as the op has stated about the risks, there are many more and I'd like to include FUD as one of the risks because when you entertain such, it will make you miss out.

Most of these are typically the normal disadvantages but they're not so bad at all. I'll give my thoughts each of them.

It's 50/50 on this. The volatility of Bitcoin gives us the reason to hold it for so long because of how it fluctuates, without such, I don't think people will hold it.

Not yet.

We all should be accountable for anything bad happens to our computers and wallets. A penetration won't actually happen if you don't do anything with your PC or wallet. Unless you download something malicious, there's no way a hacker will find and penetrate to your system.

It's actually impossible to retrieve it unless the receiver sends it back. But here me out, how are you going to send it to the wrong address if there are too many characters consists per wallet address. The only way to make this happen is when you copy a wrong address and become a victim of a copy paste malware.

The high volatility that you said a disadvantage is actually the best asset for bitcoin because without it, you will not see bitcoin investors suddenly turn into filthy rich. That's why no matter how risky bitcoin is due to its high volatility, people chose to take its risk rather than avoid it.

However, those disadvantages you've mentioned will only be possible if you rush investing in bitcoin without educating yourself first. As an investor, you should know your investment well, otherwise instead of seeing it as a means to make you rich in the future, it might be the reason to see you struggling in your finances or worst made you homeless in the end.

All types of investment has its own risk and rewards. That's for you to assess yourself if you are capable to manage and overcome those risks. If not, then it's better not to force yourself to invest so that your money and time will not go into waste.

In my opinion, crypto cannot be hacked as long as we understand and know how to store Bitcoin assets correctly. Most hack cases are due to the user's own negligence.

Bitcoin is about accuracy, thoroughness and our own management of it. We are the bank itself. So, sending and storing errors are borne by ourselves, unlike the bank, if something goes wrong with the customer's funds, it is the bank's fault and the bank is responsible for it.

Been there many times in riding the roller coaster wave on Bitcoin. Been holding BTC since last year after doing DCA with my extra “not beer” money.

I am aware of the risk and rewards in holding Bitcoin for long, but I just have a great feeling about it as a long term thinker.

Now currently around $42.3k, I’m actually at a nice profit where I bought BTC somewhere between $19k to $23k range. But I didn’t sell my BTCs as I am in no rush and I just live within my means by strict budgeting even for Holiday season.

Even if there are more sell-offs earlier and even almost touching $40k, I don’t mind as I understand there were many who wanted to TP to spend for the Holidays and we cannot control them.

I really appreciate the potential risks and rewards of holding BTC as it’s dominance is way higher and it may continue until next year.  

You are right, but BTC still better than alts or any other cryptocurrency or digital asset. And being a BTC enthusiasts I will say it is also better than fiat, because our funds in fiat can also be stolen if the system got hacked, and we can send funds mistakenly from one place to another even in fiat. But we don't have to face the first two disadvantages in fiat.
I think you have some misconception about BTC, it can not make you filthy rich unless you are one of the early adopters, like from the years of 2010 to 2015. I still consider ourselves as early adopters but in compared to the 2010 to 2015 we are not. Well, the point is, it can't make us filthy rich until the next 10 ro 20 years.

I do agree with other factor by the way. Well, the point is, we should not judge any currency on the basis of money it can make for us, because many people consider BTC as currency while other assume it as asset. Both have huge difference between them.

I also believe that, due to the volatility of bitcoin, we can also make money, right? It is said in the quotation that "no pain, no gain." There is also no successful person who did not make a decision to face the risk.

Now, when it comes to Bitcoin, it depends on each individual if they are ready to face the risk that they can experience when they invest in it. There are others who invested because they were persuaded by a friend who was misinformed about Bitcoin, so others fail in the end.

Thank you for the advantages you associated with Bitcoin which I have already snipped, there is no need to comment on them anymore...

...But for the disadvantages, there are two things all the above supposed disadvantages have in common, and they are "mistakes and ignorance," except for the hacking part which can happen to any system as long as it's online. Therefore, it's not peculiar to Bitcoin but all assets and services online.

About the high volatility, I see this as a blessing, not a disadvantage as you claimed. The volatility means more money for experienced traders and investors like me. And for acceptance, it comes gradually, Bitcoin is still very new, it can't be accepted by all at once and it's not all services you see online that is accepted by all. Lastly, about the retrieval of the coin if sent to a wrong address, while that's the fault of the person, also note that it is the sacrifice we must all pay for the privacy and decentralization of Bitcoin.

Every investment has its own advantages and disadvantages. Bitcoin isn't an exception.

You buy a house to make passive income but the tenant may skip his payments or damage the property. These things happen a lot. Phys gold might get stolen... FIAT gets eaten by the inflation. Stocks are volatile... Bonds are tricky as well. You may prefer to buy paper gold but then the banks raise the spread so much, they rip you off when you sell your position.

It is probably a good idea to have a diversified portfolio.

Bro, you're preaching to the tired choir. Bitcoin's the drama queen of currencies. Yeah, it can make you a crypto king during a bull run, but that volatility is like trying to dance on a tightrope. And don't get me started on the "not accepted everywhere" thing – it's like having a VIP pass that only works in certain clubs. But hey, being your own bank and the privacy vibe? That's the Bitcoin paradox for you.

For High volatility you can do something to manage the risk that's why research is important so that you will know about certain conditions happening in the market.

Also for not accepted by majority of merchants I think there's no problem with it since you need to focus on those businesses that accept bitcoin since at the end they are the one who will get benefits for adopting bitcoin and also we don't also have a problem with that since there's still a lot of merchant accept it and we can cashout our coins at anytime we want.

For issue not to be retrieve if sent to wrong addresses then its really up to us on how we handle it that's why we need to do a lot of checking as many as we can to avoid sending it to wrong addresses.

On advantages I guess its automatic that we can get that benefits that's why instead of looking on its negative side we must focus on things we can benefit from since for sure this is also what those investors looking at and future is really good with bitcoin since currently to many big institutions is adopting it.

I highly suggest you to diversify the custody risk.

Instead of one single cold wallet, multiple wallets, multiple exchanges and batched offramping, maybe even BTC-related stocks like MSTR or mining stocks.

The risk does not include on its volatility, but the rate at which bitcoin Investors got themselves into taking risk in whatever thing they are doing, being volatile is not the risk, but understanding the way to abstain from taking the risk is what is needed to know and do.



This is not a disadvantage either, bitcoin can be used as a medium of exchange for goods and services at any point in time, there are many establishments that accepts bitcoin for making payments, it's a legal means of buying and selling items, a digital currency that is directly opposite the fiat traditional currency which is physical.


Fiat can also be stolen, but with bitcoin, it has to be that you permitted this to happen, if not, no one can hack you without having a link that direct them towards you.

I can't say these "detriments" or risks per se is particularly specific only to bitcoin. For example, anything that is hacked can be stolen from you, fiat digital money from your local banks, information you put out on the internet whilst you sign up for those surveys and shit, there's a lot of stuff that can be stolen from you and that is not only specific to bitcoin/crypto. As for the volatility rate of bitcoin and crypto, I say that's more like a  double-edged sword cause this very fluctuations brought out by the volatility rate of crypto that also grants you these high price hikes that you love about crypto. And the even more crazy thing about this comparison is that, while most of the things you talked about in the disadvantage section can be seen in other investment types/ventures, the advantages are only specific to crypto.

It's quite crazy how bitcoin can be like this, but I'm not saying it doesn't have its fair share of downsides. Perhaps invest in more research next time to make a more compelling topic?

The high volatility of bitcoin is where the money is, without volatility, it probably wouldn't have been possible to make quick profit from bitcoin, it's true that in the quest for a quick profit, some may encounter loses, but know it that, for as far as you did not sell your bitcoin, it will turn out profitable later.

So for me, this is not a disadvantage, the high volatility in bitcoin is one of the features that attracted alot of investors into crypto.


Who cares if bitcoin is not accepted by, trade it with those that accept it and ignore those who don't, those who don't accept bitcoin today will come to accept it tomorrow, and by then, you will be the one selling bitcoin to them at your own choice of price.


Even your fiat currency can be stolen if your system is hacked, scammers can get access to your private information, through which they can gain access into your bank account, and withdraw all your money.


Teaches you to apply carefulness in every thing you do, many times I've also sent fiat to a wrong account, and never got it back, even after complaining to the bank.

In conclusion, disadvantages of holding bitcoin aren't really disadvantages, it all depends on the angle you are looking at it from.

The disadvantages are not significant if you have been using bitcoin for some time now, yes for newbies coming from a fiat background it might seem difficult at the beginning but they eventually catch up. Fortunately I never ran into such troubles in my newbie days but I have read about many users here who messed things up. Government crackdown is one scary thing because we all have to abide by the local laws, I an hopeful that in future this might improve.

Acceptance will improve in future. This is from what I have been observing around bitcoin over the last few years in the news and media.

One of the most advantageous features of bitcoins is you can actually hide them from others without letting anyone know that you have them and you can walk on this earth by pretending that you are one the poorest people on Earth while in reality, you have thousands of dollars worth of bitcoins in your crypto wallet. And when something is not right concerning the security of your country or some natural disasters will happen, you can easily bring it out with you letting others know that you have that huge amount of money with you. This is where they failed to understand but we cannot blame each other since they were just ignorant and didn't know about its real importance.

That is interesting but with time you get to know it better. It's like riding on its volatility and understanding its importance over time. If Bitcoin weren't volatile then it would have been cheap right now. There is an indirect correlation that I find between them. Its volatility makes it a highly tradable asset on every exchange. The movement starts going bearish peeps are going nuts everywhere. Have you seen the volume going up and down every time this happens? Take the example of the halving period. This is like an amphora of richness when it is around. I agree that fees skyrocket, there is FOMO, and everything running at the same time but man that's what drives the price of Bitcoin. In addition to that having Bitcoin possession is a unique thing because as you stated in advantages, it can be an asset that can make you rich in any movement. By the way, you lose nothing until you sell anything. So it's all about the perspective.

That would be the safest probably, if you lose at a single investment, others might also be in profits so you are still not at a total loss.

However, when it comes to bitcoin advantages and disadvantages, what OP tell is partly true. But you won't fall into its disadvantage if you know already how to invest in bitcoin and how to make it work and profitable. If you follow the basics in bitcoin, everything will come out fine and as long as you avoid being greedy but stay mindful on your investment, you will never be affected with its disadvantages.

There is a risk in every domain but there is also some fixers exists for solving the complications. Volatility exists but why are thinking that volatility is bad characteristics of crypto market even it gives opportunity to buy lower and sell higher to intensify virtues of money.



Everyone can think well for himself and if someone is not accepting bitcoin then its not our headache because we are not giving money to others for investment so may be he has no such amount for bitcoin investment and perhaps he prefer another field of investment about which he knows well so we cannot judge other people without knowing the fact.

most people think bitcoin is terrifying because it’s volatile and when something is volatile its value is not stable and will keep on fluctuating the dramatic rise and low of the price make it hard for others to keep up but if you are a seasoned investor and you know how to read the market, you can take advantage of bitcoin’s volatility

High volatility is not based on all the risks, but it depends on your actions. If you choose the right reasons, you can turn this risk into a profit. That is, the best way to reduce volatility is to diversify funds. This means only DCA can protect you against volatility.

This is the secret of Bitcion's quality and success: once you make a transaction, you cannot retrieve it, because if you reverse the transaction or retrieve it, then there is no bigger fraud and cheating system than Bitcion. . In my opinion, the process of irreversibility is the most prominent feature of Bitcoin, and because of this, Bitcoin is beyond the reach of fraudsters and hackers. Let us suppose that if Bitcoin has transaction retrieval, then people would have sent it once and retrieved it again, and like that, Bitcoin would be called a useless thing.

So it means to say that now we can't get rid of it by retrieving it; it's just what it is. Before making the transaction, you should verify it well so that you don't have to suffer any losses later.

 

Bitcoin price volatility will actually never cause losses to any Bitcoin investor if that person doesn't sell the Bitcoin they own.
it's not a hacked system that can make you lose your Bitcoin, but if you carelessly save your password and private key.
i would like to add a little about the benefits of Bitcoin, that is you can transfer large amounts of money between countries and continents in just a fraction of a second, even without fees of up to tens of dollars.
the bitcoin you own will not be able or impossible to be stolen by other people if you protect your password and keyphrase.

There aren't many reasons why there is a risk, I mean sure if you do not think that you can hold it volatile situation, then you could consider the situation as good as it can get if you are willing to hold. The "filthy rich" part is good enough and I do not think that anything else is required, you are just happy to get richer and richer by holding longer and longer and you shouldn't consider anything else. I get that we are talking about something that may have some downsides, but when the upside is that you are going to be super rich, all the downsides are unimportant suddenly and you should be acting like there is no downside. Thats why if you ask me, there is no downside at all.

This only affects you if you want to hold for a short time. I cared about volatility when I held bitcoin for a year. When I hit 5 or 6 years I was so far ahead that it did not matter anymore if I'm down 20%  since I was up 500% or more. So, holding your last money in bitcoin is risky, but if you invest 10% of your liquid capital the risk is near 0.


I don't care as long as it's accepted in places that I want to buy and as long as I can exchange it to goods and services.

So keep it in a hardware wallet. These things cost less than $100 these days.


Just like a bank transfer. Try getting your money back if you send it to the wrong person. You can get it back from a business but not from a random private account holder.

I would like to add; still not many people realize how much exchanges play a role in providing a clean, fair marketplace. Without auditing exchanges there is no way to tell if exchanges are insider trading or hedging bets against the market. Many people can claim exchanges are manipulating the market, but without enforcing regulations, crackdowns and audits, we wouldn't know.

I think it would be prudent to add to the advantage column how it's more sound money that traditional fiat money, how it's blockchain is a breakthrough technology that no other type of similar "platform" had ever had before.  How it's decentralized nature is different (better) than that of our current monetary systems which are all centralized in nature.

I do agree with your main bullet points though, they are pretty spot on.

Yes, it is true that in general people do not accept it because there are still people in the world who see Bitcoin as a disgrace, and that is the reason why Bitcoin has rejected their cheap or corrupt system. Just helpless and despised in the world of real finance. And I think this is the reason why fiat currency lovers hate Bitcoin.

Losing or hacking your Bitcoin depends on how you protect your assets or take security measures. It has nothing to do with Bitcoin that if the system is hacked, Bitcoin can also be stolen. Bitcoin depends on you; if you do not leave any shortfall in your security measures, you cannot lose Bitcoin or hack. It means keeping your funds in your wallet instead of exchang , and that too in hardware wallets. Keep phrases, pass codes, etc. safe. So, hopefully, no such issue can be presented to you due to which you lose your funds or get victimized by hackers.

Moreover, if something is lost, i.e. the system is hacked, they can lose it apart from Bitcion, whether it is a bank account or any other funds. It is up to you to keep it safe by not keeping it in a place where it is easy for a hacker to hack it, but keeping it in a safe place.

You need to first understand every business undertaking is risky but saying Bitcoin is volatile is not entirely true, will say moderately volatile as you need to understand coins you are comparing it with and they are faring.

Yes, not generally accepted by all but based on  recent acceptability we can say we have more people venturing into crypto market most especially Bitcoin & Ethereum. For last 2 quoted as disadvantage I believe they can happen due to  human errors which needs to be handled with all seriousness by holder.

You wrote the article that I wanted to add, and I would like to add that Bitcoin is more robust and reliable than traditional fiat money.


Bitcoin has many advantages and over time Bitcoin will be accepted by many people. People who do not understand Bitcoin now will understand it in the future and will start to enjoy its advantages. Change takes time and we are in no rush.

Hmm, I'm sure you are counting the traders here not investors because for investors Bitcoin is the name of reality. #Hodl


Hmm, considering the actual hype of this bull rally you won't regret, it because now we are heading towards a mass level of adoption. #ETF's


Well, that is a fact but I will count the superiority of the self custody over this point i can take care of funds, I do not need any central system to take over my assets and provide the namely security from themselves haha.
#not_your_key_not_your_funds


Hmm, there's a point where it's not nearly impossible it's completely impossible unless or until the receiver is kind that he returns the amount back to you. Such an incident rarely happens becasue we all copy & paste the address. hehe, a small reminder to be aware of the clipboard virus.

"* It's very accessible at any given point in time."

I think these lists are fun to read as they get people thinking about more advantages that Bitcoin does have and what I often notice in these types of threads is that people stay in the abstract, like when someone says "it is good because it is decentralized". Some people understand the implications of having a decentralized wealth securing protocol and some people don't. They just follow the buzzword "decentralization". For many of these advantages and disadvantages there are interesting threads on this forum and if you present your list, maybe it would be interesting to collect some suggestions for insightful topics from other OPs and link them below.

One aspect I would add, but which could also derived from the points collected thus far, is unlimited capital mobility. You can't be stopped at a border like you could with a handbag full of gold bars. This mobility is insanely useful and allows people to leave their home if they like to, need to or have to without being forced to leave all their wealth behind. It is a different story with cash in the bank accounts. You can't just transfer the money out to a bank in a different country, or access it from there. Bitcoin is the most mobile form of wealth on the planet. Hence:

"* It's very accessible at any given point in time and space."

Op these things we all know from onset of the journey. And anyone that join this great forum and really wants to learn Bitcoin, those the first things the person would understand. Only reading the meaning of Bitcoin those advantages and disadvantages are known. So there is no big deal on them though those who are having problem to understand it from the beginning can know them from your list but they just from the general knowledge from Bitcoin concept. It is the volatile nature of Bitcoin makes it more interesting because people buy at the time when the price is affordable and sell it it when the price goes up. Therefore there should be no dispute on the volatile nature of Bitcoin and for the risk, it is not what you think, the risk comes from the way you want it. If you are investing in it then you have to set your goal before starting the journey so that you will not be disappointed. So you home work very well before inventing into it.
If my system is hacked it will not affect my Bitcoin unless my seed phrase is leaked out to the hackers and if my seed phrase is not known to the hackers then my Bitcoins will be saved and that is why the security of your wallet seed phrase and password is the number.one priority for all who are into Bitcoin. Failure to secure your seed phrase is your fault and not from risk. One have to be careful before sending out Bitcoin if possible cross check the address very well before clicking the send button. Op you have to know that Bitcoin is not a get quick rich scheme. So don't go and tell people that Bitcoin can make people to be rich.

When you compare the two, I mean the advantages and disadvantages you’ll notice that most of the causes of the disadvantages are due to carelessness of the user by doing careless things with their funds when they are not suppose to. The advantages have already surpassed the disadvantages, so it makes more sense why you should invest in bitcoin if you can be able to control and reduce the causes of the disadvantages of having them in your portfolio. Having a way to compare and contrast before investing your money if the best thing to do, if you have them spelt out, you can decide whether you can take the risk or not.

I think that there's almost no risk. The only viable risk that you take when you decide to hold bitcoin is that you could fall victim of a wallet vulnerability or a scam exchange like it happened with Quadriga, BTC-e and many others.

There's no risk in bitcoin itself because it can't be banned, unless you're worried about being banned locally and then you'll be forced to exchange it abroad, but for people who hold a lot it's not really a problem. If your country is oppressive enough to ban bitcoin maybe you're going to do better living somewhere else and spending your money there.

Probably the biggest difficulty for the lay person is to become their own banks, while this is a great feature of bitcoin as it returns that power to the people, as it should be, many people are finding very difficult to secure their coins properly, which is why they either use exchanges as their main wallets and risk losing it all if the exchange gets hacked or they do not take the appropriate measures to protect their coins, even when they believe they have done so.

In order to see your investment's success, you need to pay the price first. That is dealing with the risks and continue to defeat them, if not at least learn to manage them. With bitcoin, a lot of risks and disadvantages are being said, but a lot of us here would still want to continue investing in bitcoin because of how promising it is and guaranteed profitable if you'd only know how to deal with it.

Most likely, those who have high risks are also known to give the sweetest fruits in the end, and bitcoin is a valid proof for that. That is the reason why even if other people see bitcoin as a get rich quick scheme, as a tool for criminals or a threat to the government, still bitcoin enthusiasts continue to trust bitcoin because of its high yielding rewards and profits.

The only main key on here that risks tolerance and acceptance, then you wont really be able to think about being a problem because once you do step your foot into this crypto space then it would really be just that
fine for you and not really that something stressful on your part. There are ones who are really that making those careless steps and on the time that they do see negative into their portfolio, then they would really be starting on freaking out. Risk and reward thing? it would be always that common to see or to look at into this kind of investment. You wont really be  that making yourself that too careless and not being mindful about the risks involved in crypto specially on investing with Bitcoin but since we are seeing that this project or coin that had been mostly been trusted and recommended by any crypto enthusiast then it wont really be that something that you could blame on on why they would really be mainly choosing this. As for those people who are reconsidering altcoins then it would really be their own choice since not all people would really be liking to see
on getting multiple folds on their investment and this is why they would really be considering out such option.

That's bitcoin by having high volatility we can determine the right time to buy and sell, there are other considerations why people always have risky ones.

If you keep it on an exchange. If you store in non-custodial wallets especially hardware wallets it is only a few that experience this problem.

So always double check before sending to another address.

The bitcoin advantage is that there is a 4-year cycle that many investors expect to get rich.

Many bitcoin investors take it as privacy even though the transaction is transparent.

We don't need to carry physical goods.

Apart from the volatility aspect of bitcoin, everything else, like security, lies in the hands of the adoptee. For example, some people go about publicly announcing how many bitcoins they have and also foolishly expose some of their secret information to a third party who is not even trusted.

The aspect of bitcoin not generally being accepted as a global currency is that the government is not the people who created it, and since it's not something that they can regulate, it's not possible for them to make it a generally accepted currency.

 What they also fear is the volatility characteristic of bitcoin.

Normally every system has its drawbacks, and if there is anyone I can even think of with bitcoin, it is the fact that if one foolishly or mistakenly sends bitcoin to the wrong address without cross-checking if it was actually the right address, they cannot get back their bitcoin unless it is sent to the address of a known user who is willing to refund the asset.

As with any investment, there are both risks and rewards associated with Bitcoin. On the risk side, the price of Bitcoin is highly volatile, and there is a possibility that you could lose money if the price goes down. There is also the risk of theft, as cryptocurrencies are susceptible to hacking. On the reward side, the price of Bitcoin has historically gone up over time, and there is the potential for significant returns if the price continues to rise. Additionally, Bitcoin is a decentralized currency, meaning that it is not controlled by any government or financial institution. This can be seen as a positive, as it offers more autonomy and freedom for users...


To further explore the risks and rewards of Bitcoin, let's look at some specific examples.
One of the biggest risks associated with Bitcoin is its volatility. In the past, the price of Bitcoin has fluctuated dramatically, sometimes dropping by as much as 80% in a single day. This makes it a risky investment, as you could potentially lose a lot of money if the price were to drop suddenly. On the other hand, this volatility also means that there is the potential for large gains if the price were to rise. For example, if you had invested in Bitcoin in 2011, you would have seen a return of over 7,000.

It could be weakness and also stupidity of users of the system.
Just like sending money to another unknown account, and this is certainly related to one's thoroughness in making transactions.

Seeing how Bitcoin transactions cannot be reversed, it is a fact that must be realized and must make transactions must be more thorough without any errors.

As in the case of one Bitcointalk member some time ago who mistakenly sent coins to a different wallet, but has similarities in wallet prefixes and suffixes such as:
A1b2C................. 3D4e5F
A1B2c.................. 3d4E5F
https://bitcointalk.org/index.php?topic=5472207.msg63086113#msg63086113

This is a rare case of misdelivery and tells us that it is advisable to check all the order of addresses correctly so that they are not sent to another address, just one different letter will be different wallet.

Not all the times, yes bull run could make you rich instantly if you have the good position or have the right position you brought your bitcoin, and I think the word "rich" is too much, maybe it can give you a lot of money and profit its not necessarily that you ride the bull run means you are rich, remember a person can be called rich if he can utilize its money, for example you've gain a lot of money from the bull run yes maybe this day you are rich but until when? if you don't have proper money management and you let your money go away then you are still not rich, if you maintain your money and grow it more then that's when you are entitled to be rich.

Trust is a quality that many forget is that associated "brand" factor that bitcoin intrinsically has, regardless of that volatility in the positive effect, or the opposite side, losses.

So, no matter what position you are in at a given moment: reward or loss, trust is intrinsically associated with bitcoin, so the element of risk is accepted regardless of the outcome of that volatility.

 In the same way, by understanding or being part of bitcoin based on trust, you understand that there are interests that not only lead us to want to be "rich", and we begin to see that incredible value that as a technology it offers, not only for an individual economic change, If not, also it offers the possibility of a payment method, or overall, it empowers the individual, etc, those are good rewards too, although it may not change your financial status...  :)

I don't see any downside to owning Bitcoin, even when it dips. I buy more. There is only downside to sitting on excess fiat, and not holding any Bitcoin at all.

It is natural that every investment will have some risk associated with the reward. Any type of investment cannot earn good rewards without volatility. Bitcoin has some guidelines that you need to understand well. And considering the pros and cons, you have to take the right path. If you can choose the right Bitcoin platform. Then you don't have to bear any kind of risk. Bitcoin is the best to keep your funds safe and earn good rewards on investment. And Bitcoin is a reliable asset that you must be aware of when it comes to reckless investment. So that you don't lose money

Crypto market winners have a special mix of risk tolerance and strategic planning. People who work in crypto know that instability is a normal part of the hobby. How to open it? Stabilizing awareness with action. Instead of jumping right in, they look around, learn, and then take a bold step.

Watching Bitcoin's past shows that it has grown and been strong even when things went wrong. Successful investors havent just been lucky; they've also been smart. As a result of its strong community and cutting-edge technology, they see Bitcoin's promise. They are not affected by short-term drops because they are focused on the big picture. Its not carelessness; its confident knowledge. "altcoins" are also a choice, but Bitcoin is still the most stable and well-known cryptocurrency.

One of the most tempting attractions of Bitcoin is that its price continues to increase and that Bitcoin is not linked to institutions, agencies, or countries. Another of the most basic attractions is fluctuation, the price can rise sharply, but the threat of falling deeper is also there. In Bitcoin investment, you can make big profits quickly, but you can also experience losses quickly too.
In-depth consideration is needed before investing, there will be two possibilities, namely profit and loss. When you are ready to face the risks of investing in Bitcoin, it will be easier to invest because you will avoid fear if a sharp decline occurs.

Everyone knows that everything has advantages and disadvantages, but in my opinion, bitcoin has more advantages than disadvantages. As an investor, you must realise that bitcoin is a currency that you purchase and save in order to profit from it. This means that storing food or purchasing products in which you will profit from them also carries risk because you never know when the price will fluctuate. In my opinion, this disadvantage is very evident and that everyone must encounter it.

Furthermore, regarding the theft of bitcoin when a wallet is compromised, I believe that you should exercise caution before allowing scammers to access your wallet. If you don't make the mistake of disclosing your private key to anyone, it should be exceedingly difficult for them to compromise your wallet. This topic you have created is very helpful for beginners, as that is the group that I believe is most likely to make mistakes when handling bitcoin.

I agree, decentralization is probably the biggest advantage of bitcoin and volatility can also be considered an advantage but I don't understand why the OP considers it a disadvantage. If bitcoin is not highly volatile, how can we make big profits from bitcoin? Furthermore, isn't it because of bitcoin's high volatility that most of us invest in bitcoin? So I wouldn't consider bitcoin's volatility a downside.
Bitcoin's volatility has decreased in recent years, and that makes me unhappy. If I had one wish, I would wish for Bitcoin's volatility to always be high so that we have more opportunities to make profits.

It is true that every investment has a different level of risk that will be obtained, if we can understand well the risks of the investment, of course we will be able to minimize the risks we get from the investment so that we can get a profit from the investment.
When we choose to invest using Bitcoin, of course we have a good understanding of the benefits we will get by investing in Bitcoin so that we are very confident in Bitcoin and can benefit from the investment we have made.

All types of investments have risks, meaning there's no investment that make you profitable without a failure. So if you heard someone offer you a kind of investment that says your funds will be doubled in next week without a risk is probably a scam. Stay away from people who offer you using that phrases because they are only take care of themselves not you and your money. I would say that Bitcoin is one the best thing to invest because the security is there and you can be sure that time will come that you will become profitable if you didn't sell your Bitcoin at a loss.

Unlikely. It's impossible to provide the same rate of return each cycle, that's why we see decline of about x5 each cycle. So even if it goes to say $150,000 (very optimistic scenario) that's only around x3.6 return from the current price, meaning you won't get filthy rich unless you're already very wealthy.
That's OK though, it's better to have "modest" x3 than gambling your money away sniping for X1000 coins.

Maybe the OP is just exaggerating about being filthy rich. But it can increase your portfolio.
There are pros and cons of holding btc. Now, it depends on how the holder is looking at this market.
Is he for long-term or just short-term? Because his profits will depend on when he will sell his coins.

Everything on earth has an advantage and disadvantages but the disadvantages of Bitcoin lies in the crypto investor's hand to use in their favor or avoid experiencing it.

1. The disadvantage of high volatility: an investor can use it in his or her favor to buy Bitcoin at a low price and sell at a high profit. Making it a good business to profit from.

2. Not generally accepted by all:  That's not bad, not everything is been accepted by the whole world. Those of us who accepted bitcoin, are gradually gaining from it financially.

3. Hacked: What can be hacked is exchangers or crypto wallet that holds bitcoin but the Bitcoin network can't be broken into by hackers. Securing your wallet from hackers lies on you to take care of, to continue keeping your seed phrase in a safe place

Every investor has his own goal. For some, this may be a very high profit target, for others it may be a profit target that is not too much but sufficient for them. As you said, this situation is partly related to how the investor looks at the market. Does he wait in the long term and aim for a high profit, or does he want to make a small amount of profit in the short term and continue. Sometimes the market does not leave this decision to us because the crypto market is a market that always contains new news and it is very difficult to act in this market without being affected by this news. In other words, market conditions determine whether we will stay in the market for a long or short time. Of course, this is not the case for everyone; some investors stick to their own plans and continue their long-term investments.

Making a certain amount of profit is better than making no profit at all. By making profits at modest rates, we can perhaps reach high profits later.

Yes, bitcoin is a risky investment, but its high volatility has two effects: it can make you money or it can make you lose money. As many have said, 1BTC will remain 1BTC until you touch it and spend it. When the market returns to an uptrend direction, especially during a bull run, the high volatility that causes you to lose money can also cause you to gain money.


What is important here is if you can get the value of the money and still spend it. You can always convert to your fiat and spend without any problem arising from it.


As a result, bitcoin investment emphasises the importance of asset security. You are now your own boss, and you must take good care of your money and keep it safe, just as banks do. If you follow the right bitcoin security guidelines, you will not allow any intruders into your system.


 Before sending bitcoin to a wallet, multiple confirmations are required. You don't rush when sending bitcoin; reconfirming your bitcoin wallet address is critical, and if you do it frequently, you won't have a problem sending to the wrong wallet address.

Someone who is confident in their investment in Bitcoin will certainly prefer to invest long term. This is certainly effective in minimizing losses and from the volatility of the Bitcoin price itself, they can make big profits because everyone can take advantage of the market situation to make purchases or sales with accurate calculations.

For beginners, they always think that investing in BTC is a way to get rich in a short time, but in reality investing in BTC is not an easy thing because investing in BTC is very risky and must be long term and only Sell during bull runs

op I also feel the bitter sweetness of investing in BTC but I really like investing in BTC because as time goes by I now understand more about BTC and am starting to understand the risks of investing in BTC and the benefits of investing in BTC. But of course everything has risks in this world and success is only for those who don't give up and always learn from mistakes.

but bitcoin is not gold, of course if we invest in it the risk is not too high, whereas if we invest in btc the risk is very high so it requires sacrifice and we are ready to lose if we invest in btc.

The point is, everything is very risky, so in this case we have to be able to respond wisely.

This is a failure that is carried out by humans, not because of Bitcoin, when you send the wrong thing, the risk is loss and vice versa, the level of security that you apply to the Bitcoin storage wallet that you have. Bitcoin is so perfect for itself and it is the individual's job to be careful and not careless in using it because when someone is not careful, they will be at their own risk.

We have been faced with many risks in the previous system and this does not mean that Bitcoin does not have risks, but to what extent are we able to carry out the level of security and the level of price fluctuations for someone involved in it. You don't need a third party and we can manage the investment system ourselves, these advantages are what make Bitcoin the best choice at the moment.

And at the same time, it's high volatility can also make it flourishing, (i.e increase higher in value). Hence, making it's volatility both an advantage and disadvantage.

Yes, that's true, but with the current exposure of Bitcoin now, you are rest assure to find a 1 or 2 Bitcoin enthusiast in every 10 set or group of individuals

But that's only if you use a centralized wallet or store your funds on a centralised exchange, because if only you can have your funds store on non-custodian wallet such as Bluewallet or Electrum, you are rest assured of having your funds on a safe hand & secure hand.

If the pass phrase of a Bitcoin wallet is lost, it can never be recovered, and likewise if the owner of a Bitcoin does, his family members can never have access to it

Those who like Bitcoin, they already know the disadvantage that comes with it. Despite knowing that they invest into Bitcoin. Because they know what it could become in the future. While on the other hand, those who hate Bitcoin will only point out the disadvantage of it and try to take people away from. But from time to time Bitcoin has proven itself to be the best in the business.
Yeah, there are disadvantages that come with Bitcoin. But it is quite easy to avoid and only focus on the good side of it. I'm not saying that just because you were doing your best you can avoid it completely. It is hard sometime but if you're careful enough, you can avoid it 90% of the time.

If you are into Bitcoin and you love it, don't focus on the disadvantages. Because if you focus too much on it, in times of FUD you will not be able to control your emotion and you will take wrong decision. Clear up your mind and stick to what you believe.

Disadvantages of having fiat
1. It can be stolen if your house uses raided by criminals or even if you’re on the way to or from the bank.  ;D

See, you gotta be careful with your assets. These disadvantages you write here, I and many other people have never experienced it. And the volatility you added as a disadvantage, you still mentioned Bull Run as an advantage. So what’s it going to be? Is volatility an advantage or disadvantage?

The only think I can think of Bitcoin's risk is the price will not go into your way, so investing all in is not really a good idea.
Other than that, I can't think of anything more that will put your investment at risk. Unless you don't know what you're doing, like panic selling most of the time when a lot of FUD(s) happen, always FOMO, and when you stored your holdings in a random Bitcoin wallet you found in playstore or appstore.

You've highlighted key points well! Indeed, Bitcoin, like any investment, has its pros and cons. The high volatility can be a double-edged sword, offering both risks and rewards. Its limited acceptance and susceptibility to theft are valid concerns. On the flip side, the potential for substantial gains during bull markets is exciting. The decentralization, privacy, and accessibility aspects make it a unique asset class. Keep in mind, the crypto landscape is evolving, and understanding both sides is crucial for informed decision-making. 🌐💰

The boundary between risk and reward is no longer so important to me, because everyone has their own way of thinking, whether it is personal benefit, collective benefit, or even evil behavior. Bitcoin is always what it is, and it's natural for people to find different things and label it. The truth is that the bigger it gets, the more different labels it will receive.

IMO, peace in life means that we are no longer either competitive, but can operate through bitcoin or maintain the inherent nature that we support. But honestly, this life we ​​have has many views that we are forced to accept or rise up to change.

Yes, exactly. When we fail to invest in bitcoin completely it is only our own fault, there is no fault with bitcoin. Because bitcoin technology is so perfect, even bitcoin is freedom because no one can control it, who can control each of us, so be wise in using bitcoin, especially regarding wallet security.

So it is true that before investing in Bitcoin we have to study in more detail first so that there are no mistakes that result in losses to ourselves. It could be said that the risk of Bitcoin depends entirely on us in maintaining and using it. Moreover, there are many benefits that we can get from investing in Bitcoin.

There is low risk in bitcoin halving. Because we know the block of bitcoin half and the price of bitcoin increase. 2024 bitcoin halving is target halving for all bitcoin investor. Because every one expecting to go for high and get huge profit. That halving is the game changer for old and new investors. So go on cleverly with your experience and knowledge.

Really I know about Bitcoin volatility which I am used to already,  and want to hear another risk in bitcoin because,  bitcoin volatility is not a risk but a tool to be used to control our understanding and attachment with Bitcoin as an investment because,  for now Bitcoin is best accepted as an investment much more than it is a currency,  so for sure if you have the basic understanding pf this fact and build a good background understanding about Bitcoin,  it will be hard before know what risk is with bitcoin and how you best apply it to suit your own immediate needs.

Before you choose bitcoin for anything be it as investment,  you must have to first of all have this balance agreement Bitcoin the risk and time waiting,  and that is why we always advise for long-term holding of Bitcoin,  instead of taking Bitcoin as some get rich quick scheme or even gambling,  a lot has to be settled with this to build that understanding.

Bitcoin ownership is no longer considered a disadvantage, and we can take measures to enhance its security. One effective way is to purchase a hardware wallet to ensure the safety of our digital assets. It's important to exercise caution when sending Bitcoin transactions, as they are irreversible. We should recognize the potential of Bitcoin as a global currency, and with its increasing awareness and adoption, its supposed disadvantage is slowly fading away. Bitcoin is undoubtedly the future, and it's only a matter of time before it becomes widely accepted worldwide.

The volatility of bitcoin is also the exact reason why people are investing in it, because the understanding that the volatility can be more profiting especially as more people learn about bitcoins.

Opinions will soon change, majority of the people who do not like bitcoins right now have that opinion about it because of poor understanding of what it is.

Almost everything can be stolen.

More reasons to be very careful whenever you are about to make any transactions.

How can this be a disadvantage for bitcoin when you first invest on it, this has been so visible? Most people need to stop telling others that volatility is a disadvantage.
Let us remove the volatility of Bitcoin and see if most people will agree that it is the greatest investment of all. It won't even be called and investment if there's no volatility on it.

Let me concentrate on the risk since alot of users will be looking for feedback on this side of the discussion. You might see those things to be disadvantages but they're aren't so bad. Example, the volatility of the price of Bitcoin isn't entirely bad when you understand it and know how to take advantage of it. While you get scared when Bitcoin prices drops others that are smart and wise sees it as an opportunity to increase their stash or make more profits by selling (buy low, sell higher). Mind you, you don't lose if you don't sell. The volatility only affect you when you're after the short gains but those hodling for long term don't get distracted by the volatility of the market.


It's just a matter of time before that narrative changes, the population that could use Bitcoin frequently in the past can't be compared to the present because more vendors and merchants are accepting Bitcoin and this number will keep increasing. Fiats of other countries aren't generally acceptable by all too and other digital currencies so this isn't only a Bitcoin problem.


With great power (decentralization) comes great responsibility (been in control of your finances). If you're careful you won't suffer any of this problem. Keep you coins stored off exchange, in open source non constodial wallets and keep your sensitive wallets information off the net and in places that evil doers can get hold off and you're good.

Honestly, people who think that bitcoin price volatility is detrimental to them, are people who have never felt a profit from investing in bitcoin, they think that profit can only be obtained from continuous increases, even though in fact profits can also be obtained from decreases of bitcoin price, well usually smart investors will use the DCA method to accumulate the bitcoin they have, bitcoin will always be volatile and that will always be the nature of bitcoin.

Considering Bitcoin volatility as a disadvantage, of course, they do not understand how Bitcoin works.
Even with this volatility, we can take advantage of it by taking advantage of every price movement.

Those who trade both ways or futures can take advantage of every rise and fall by using the leverage set to make a profit,
or by doing DCA when the price falls and buying it for the long term.

Without volatility, there will be no benefit.
As the price of gold tends to be slow volatility, it takes a very long time to provide quick profits,
but with crypto or Bitcoin profits will be obtained quickly, but the risk is certainly also greater.

As long as you don't actively trade you don't have to check the price every day. Volatility is irrelevant if your investment is long term.
Who cares if it's not accepted by all? Majority of people heard Bitcoin in this 14 years and that's a great achievement if you look at the bigger picture. I don't know any other monetary system that is successful in such short time.
Your money may be stolen in different ways, it's not just about hacks. We know even banks are not safe. Sending coins to wrong address is the only problem I see in your list. You have to be careful about sending and triple check the whole address.

Since nothing is 100% perfect, storing assets in the form of Bitcoin is not a bad choice. It's about one's compatibility with the type of asset they own. If someone feels that they don't align with the characteristics of Bitcoin, it means it's not the right market for them. Even if some people consider banks better, they also have many shortcomings that are accepted by some.

The advantages of Bitcoin compared to other currencies or assets are very fitting for me, which is why owning Bitcoin is more attractive than keeping too many assets in a bank account. Privacy and security are also considerations for me when it comes to owning Bitcoin; it's more satisfying than excessively exposing our data and financial history to banks. Being mysterious can be quite enjoyable.

This is not a problem if you are a long term holder


It is the same as other national currencies, they are not accepted by all and is need to convert to other currency in order to be accepted.  Bitcoin is no difference so this is also not a problem at all.


This can be solve by understanding how to safely stored Bitcoin.  If one is knowledgeable enough, he can keep his BTC for eterntiy and not get hacked.


So we better double check to triple-check things before sending any transction.  Careful checking can solve this problem and be aware of the malware that modifies clipboards.


At the current situation, unless you invested millions, you can earn millions too but if one invest only a penny, there is no way that person can be filthy rich.

Risk is when you invest without knowing anything. Knowing all the right strategies and using a secure wallet to hold bitcoins will reduce the risk and keep the money safe. Bitcoin investment is more profitable with less risk of halving. The rate at which bitcoin investment volumes are growing has guaranteed a huge upside rather than a halving. Everyone has high expectations for bitcoin investment.

Which makes people wiser in investing because of their knowledge and including how someone can make the security of bitcoin storage much more guaranteed. When people have limited knowledge, they are worried about storing bitcoins on an exchange and the reason is because they think exchanges and wallets are the same. For this reason, when someone has the desire to invest, they need to learn how to invest correctly and also how to choose a safe wallet as a place to store bitcoin.

Everyone who experiences losses on bitcoin is due to lack of knowledge because bitcoin is a pretty perfect move if people do it right. Both losses due to the decline process that makes them sell bitcoins and the loss of bitcoins are caused by the level of security of the wallet used and all of this is caused by shallow knowledge.

High volatility of price is not a risk to me as far as being a hodler or an investor is concerned you can only have a price drawdown which wouldn't exceed 50% of the total investment if there is a massive dump in the price of Bitcoin, while in the case of not generally acceptable globally that is not a disadvantage in as much as I can sell the Bitcoin to fiat via P2P that problem had been solved of course this wouldn't take much of the time in performing the transaction, Hackers getting access to one Bitcoin is or can be linked to hodler carelessness of course there is cold wallet as well as hardware wallet which are proven to be secure moreso it not advisable to store your Bitcoin in an exchange, the fact that Bitcoin is irretrievable is also the sender carelessness.

Exchanges and wallets are different. Exchanges handle transactions, wallets store. This distinction is critical to security. Understanding this improves investment intelligence and reduces Bitcoin storage stress.

Insufficient information causes Bitcoin's volatility-related losses. Well-informed investors anticipate market volatility and plan accordingly. This goes beyond knowing when to purchase or sell to comprehending the bitcoin market's fundamentals.

Security concerns are real, but misinformation exaggerates them. Carefully selecting a secure wallet greatly decreases dangers. Continuous learning and careful decision-making should lead our Bitcoin journey, maximizing potential while limiting risks.

Just a normal set of things for Bitcoin investors. Actually those things mentioned by OP is also present with other assets and investments; it is just that volatility and risk are higher with Bitcoin and other cryptos.No matter how knowledgeable you are, as long as there's no assurance of profit then there would be risk. Knowledge can only lessen the risk present but will never make it vanish to any investment.Expectations toward Bitcoin investment on the other hand, is due to what we have witnessed over years.

yes the high volatility inherent in bitcoin definitely causes risk, but that is what makes people interested in btc because of the high volatility or because of price fluctuations.

In my opinion, even though it is not generally accepted, it is certainly not a problem, in fact we are the lucky ones who got to know BTC before it was popular, so we have good potential in the future.

Of course, theft always exists in the online and offline world and of course that is the risk of having property and of course any property that if we cannot protect it has the potential to be stolen, including BTC. and of course we must do our best to protect our assets.


Of course, there is always a risk in any case, so what must be prioritized is knowledge, experience and being ready to take risks.

The problem with the op is that they only see BTC as an investment opportunity, so if you want to use BTC as an investment, you must be ready to handle the risks, because there is no investment without risk. But if you are looking at BTC for what it was created, and that is as a p2p electronic cash, then the major risk is losing your coins, especially when the person does not have the knowledge needed to store it safely.
I understand that you are enthusiastic about BTC halving, but if you are buying BTC because of only that, don't forget to buy just what you can afford to lose, and also learn the basic about the network so that you do not lose your funds.

No matter how you put it, the advantages is still more better than the disadvantages. Volatility you made mention of was not specific. We have low and high volatility.
High volatility: it gives us the room to make profit when the market is green. Or better still high volatility is the reason why most investors put there money in bitcoin. I think if no high volatility no body would have been able to invest in bitcoin or crypto currency.
Low volatility: it's gives people the room to invest when it's dip. Low volatility helps many who could not afford to buy Bitcoin when it's high to buy when it's low and makes profit when it's high and that is the more reason why people love bitcoin. If it were to be no volatility like USDT I don't thing people would have loved to buy it.

Yes I quit agree with you, but that is the need of CEX. You can convert it to via Fiat and use for other porposes. Many people who are in this forum here, in there country they don't accept crypto currency but still they are bitcoiners.

It can only be hacked or stolen if you reveal your pass phrase to people either from your carlesness or by mistake.
Yes that the dreaded part in all. Since it is not showing the name of the recipient like local bank, that is the more reason we have to be extra careful when sending bitcoin to an address. Make sure you cross check and be sure before sending bitcoin to and address before sending it to a wrong address.

High volatility is the only reason people are attracted to Bitcoin from various trading platforms. While some see this volatility as a risk, others love Bitcoin for it. I think those who can exploit this volatility well will succeed here. Those who invest definitely have to take that risk. All the difficulties you have shown can happen if an investor decides to invest in Bitcoin without having sufficient knowledge of Bitcoin or if he does not know well how to store Bitcoin and keep it safe. We have to remember that the work that everyone can do is not more valuable. Bitcoin is a highly volatile currency for those who know this and with having the risk investing in it, Bitcoin will be a golden opportunity for them.

We should all understand that without up and down in life there is movement (profit or loss). The volatility of bitcoin brings about the sweetness of the game. as we all know, everything in life is a game.

Every successful investment comes first with knowledge of it. Most of the listed disadvantages will be minimized if the investor or holder of bitcoin is aware of the pros and cons of bitcoin.

if we look it from another angle, alot of investors are attracted to bitcoin because of its high volatility, which can make profit within short period of time.
The bottom line is knowledge help you to stay ahead of time in the game of Cypto.

The volatility of Bitcoin has prove to be only a disadvantage on short run, because when we look its history, we see the price has been constantly increasing along the years, thanks to the volatility. For that reason, I conclude volatility is in fact another advantage of Bitcoin, which has already proportionated many investors to grow their small investments into considerable sums of money enough to purchase cars, houses, apartments and fulfill their dreams, while more wealthy investors have become millionaires thanks to the digital currency.

Volatility can be a great ally of your investments, if you are a patient investor who focus your goals on long term. Although it can disastrous if you are impulsive and addicted to follow price fluctuations in a daily basis, what will inevitably trigger fear, uncertainity, anxiety and a desperate impulse to sell your coins before the right time.

Totally agree with you. The first point in investing in bitcoin is the need for basic knowledge about bitcoin, especially about storage and security levels of bitcoin wallets because without knowledge our investment is useless, even when bitcoin experiences a decline it makes us panic and without thinking we sell bitcoin. Even though bitcoin has high volatility, if we have sufficient knowledge we will not sell it and make bitcoin a long-term asset.

Actually, there are many places to learn about Bitcoin in this technological age, but sometimes many people are too lazy to read and find out. They only know bitcoin as a short-term investment, but few know that bitcoin is an investment for the future. And of course, without their knowledge, they will think that storing bitcoins on an exchange is safe, even though this is very dangerous. So in essence, investing in Bitcoin is very important in science.

For those who know, it's clearly different, but for those who don't know, perhaps the function of both is considered the same, that's why I say that when people want to get involved in investing, they should learn to understand it first so they don't fail to understand the difference between the two. The volatility of bitcoin can bring someone to the stage of panic, even people who have been investing in bitcoin for a long time also experience panic in this condition, but the difference is that they know how to overcome it.

Therefore, it is very important to learn first before jumping directly into investing so as not to experience losses due to shallow knowledge. If investments are made correctly, Bitcoin will not harm anyone as long as people know how to run it or store it in a much safer wallet.

Security is indeed quite important because without us realizing it, a small mistake can result in someone experiencing big losses, especially if the wallet used does not have a good and guaranteed level of security. I found every solution on this forum and was lucky enough for those of us who know this forum to learn to understand how to invest and get to know a wallet that is much more guaranteed in terms of security.

BTC's volatility isn't even a disadvantage if you know how to utilize it well.

BTC isn't accepted by all but many are into it now. Plus you can always transact online if you are struggling offline. Hacks can be prevented if we are very careful. The last one might only be the real disadvantage of BTC. But again, we can prevent this, if we are very careful.

The first one in the advantage list seems exaggerated. I think it's enough to say that we can earn a profit with it if we know what we are doing. BTC is decentralized but some platforms related to it aren't. There are still people who don't care about it. But what important is, they can still benefit with BTC.

Yh, everything with an advantage also has its disadvantage, and profitable things comes with their risks. Managing risks can be attributed to having appropriate knowledge about the risks attached.

For high volatility, hodling would be best here and a financial adviser would also help.

Not generally accepted, save some, trade some for your local currency.

Hacked system, use hard wallets.

Sending to wrong addresses, literally double check addresses before sending.
These are basic knowledge, there are many more ways to cope with the risks Bitcoin comes with.

Bitcoin has the potential for significant price appreciation, which means it could increase in value over time. It also offers the possibility of financial independence and the ability to transact without intermediaries. However, it's important to be aware of the risks as well. Bitcoin is known for its price volatility, which means its value can fluctuate quite a bit. There are also security concerns, as hackers and scammers can target Bitcoin users. It's crucial to do your research, stay informed, and take necessary precautions to protect your Bitcoin investments.

When it comes to my own experience and insights on Bitcoin, I have found it to be quite interesting and dynamic investment. I have seen the potential for significant returns, especially during periods of price increase.However, I have also learned the importance of being careful and staying informed about market trends and developments. It's crucial to have a secure wallet and take necessary precautions to protect your Bitcoin. Additionally, I have found that educating others about Bitcoin is a great way to spread awareness and understanding. By sharing information and resources, we can help our community make informed decisions about Bitcoin.

I totally agree with you, When it comes to cryptocurrencies like Bitcoin, the responsibility lies with us as users to ensure the security of our assets. It's all about being accurate, thorough, and taking the necessary steps to store and send Bitcoin correctly. Unlike traditional banks, where the responsibility lies with them, with Bitcoin, we become our own bank. This means that any errors in sending or storing Bitcoin are solely our responsibility. It's crucial to be diligent and well-informed to minimize the risks and keep our assets safe. Thanks!

Bitcoin had huge volatility as compared to all the coin in the cryptocurrency market.This was the biggest reason for the bitcoin survival in the bitcoin over the decades in the market.The second reason was bitcoin can be traded with any price and sell at the highest value as the profit because of the decentralised behaviour of bitcoin.If any new people come to inverse in the cryptocurrency will choose the bitcoin as their first option.The bitcoin wallet had huge secret security system like 2factor authentication which prevent one to access to your wallet in mobile phone.

The opposite is true, Bitcoin is one of the least (if not the least) volatile cryptocurrencies in the market, excluding stablecoins that is. Generally speaking, the less trading volume - the more volatility.


There are many bitcoin wallets with different security features but wallets don't have much to do with the safety of the Bitcoin network.

I would have to disagree though, if we are going to compare Bitcoin the rest of the altcoins, it's volatility is nothing. Just look at Bitcoin, -38% from it's last ATH, as compare to ETH, which is around -55%. So it means that we are moving better and volatility is less. Besides, not sure if you have heard about pump and dump scheme in most of the altcoins, and I will say that is not applicable to Bitcoin as there are no whales that can manipulate the price.

For a Bitcoin wallet in a mobile phone though, just remember that your phone might be connected anytime to the internet and even if you have those kind of securities, you know that hackers can still find a way to get into your wallet. That's why I don't advise Bitcoin enthusiast to used a mobile phone as there storage.

Indeed, volatility can be a great way to make money for people who understand how markets work and are willing to take on risk. You're right; acceptance is growing, and online transfers can be used in places where offline acceptance is still low.

When it comes to safety, your focus on being alert is very important. Yes, hacks are a problem, but as you said, they can be lessened by being careful and using strong security measures. Also, your measured view on how decentralized Bitcoin is is right on the mark. Even though not all sites that work with Bitcoin are decentralized, that doesnt change the good things that Bitcoin can do. You said it right—knowing and understanding the world of cryptocurrencies is key.

It has its good side, it has its bad side. Accepting bitcoins is where I see the most benefits.

I give example by myself Bitcoin is illegal in my country, but I have not faced any difficulties since I accepted Bitcoin. I recorded my wallet accesses on paper, which is very unlikely to be lost. And if I do bitcoin transaction then I check 1 to 2 times the address to which I will do bitcoin transaction.



You forgot to add some features. If I record my wealth in bitcoins then people will definitely have less idea of ​​my wealth. Currently demand for fiat money is declining, and money is not safe in banks. So if I record my assets in Bitcoin, I control my assets.

OP, you have mentioned a lot of things but you should know that bitcoin is for the careful people, before you ever think of investigating in bitcoin you have t think of many things so that you will understand and adapt to the system, I have thought about the volatility of bitcoin, I think this is one of the reason why bitcoin is still in a existence, upward and downward price movement makes people to believe the bitcoin is real and it has come to stay, I have checked very well know market that has good potential that does not fluctuate in price, despite the disadvantages you listed the merit of bitcoin that even attracted me to it is the decentralized nature of it.

This is not wrong because keeping the Bitcoins we own safely is almost the same as keeping our own money safe when we don't store it in any bank. Apart from that, I also thought that saving money in the bank would not be completely safe and could even be said to be not very safe, so for now I also mostly keep it to myself and only put what is necessary into the bank. The rest I just keep Bitcoin as my savings by keeping it safe and don't use it if I don't need something very urgent like needing money and so on.

Argument to disadvantage 1: Volatility can be to your advantage, volatility means that you can get in because the price is going down sometimes and then going up sometimes which means that you can afford it if you can wait and you also don't need to worry about the risk of volatility if you're in bitcoin for the long-term hodling, you're always going to win in the long-term with bitcoin.

Argument to disadvantage 2: It's not really a disadvantage because that's what makes it sought after because it's prohibited sometimes. The best analogy I can think of is drugs, the more we restrict the supply the more the demand will pay for a higher price.

Argument to disadvantage 3: It's not the fault of bitcoin, it's a me problem. If you're careless about your security, you're likely to be vulnerable to attacks.

Argument to disadvantage 4: Near impossible isn't the word and even with that word, that means that you can still get it back unless it's sent to a burn address which is impossible.

Clarification to advantage 1: It will depend on how much you've invested, it will definitely make you filthy rich if you've invested hundreds of thousands and the price gone up to about a 1000% but if you've invested only in satoshis but a constant one, it's not going to make you that rich.

Clarification to advantage 3: It's pseudonymous, not that anonymous as many like to think. But still it's enough to keep your privacy.

Clarification to advantage 4: In a technology oriented world it is definitely but in a desert or a mountain with no electricity, not really.

Well, from this disadvantages could be reduced if you know the crypto industry. The volatility of Bitcoin is the reason why people love it since it is one of the reasons why we could profit from investing in Bitcoin. Many people are used to the fiat system which is why when they found out about Bitcoin, it was pretty complicated for them since there are a lot of things you would have to consider starting from familiarization. The last two can be easily avoided if you are smart in using your gadgets and the internet. Not clicking any fishing links, have your pop-up ads turned on in your settings, etc.


I couldn't say that it could make you rich at bullrun unless you have been holding Bitcoin for many years, but of course, you could profit depending on the holdings of Bitcoin you have. Bitcoin also gives people convenience in that they can even use it anywhere as long as they are connected to the internet but would be better to not use it in public for safety purposes.

We must be careful when we trade Bitcoin. When we do business in anything we must take risk and move forward with the fear of losing money. How safe I keep my tokens or how safe I keep my wallet is up to me. Of course we have to keep in mind that Bitcoin is risky. Knowing that we need to trade in Bitcoin. We will definitely succeed in Bitcoin trading if we are careful and have a long-term plan and trade patiently.

Without the volatility of the market, Bitcoin would never have gained such fame and attention. In fact, nobody had seen its potential before until the time that it booms after hitting the ATH and people started to talk about it.

No risk, No gain...
Understanding the risk is a part of investment which is why we should not force ourselves to invest if we can't do it. Despite the risk, people made a decision to invest in Bitcoin because there is a bigger earning potential than the other forms of investment and this drives people to accept and deal with it. Nothing is safe but hacking can be avoided if we secure our funds properly...

I wouldn't consider taking the risk of Bitcoin, I rather think about what it can Generate and give me reliable money, it's something that I fear I have to consider if this is something trivial , I would like that one day Bitcon would be like a way to be able to pay for Everything I refer to the best way to have a self-sustainable economy where there is no type of inflation regarding it, that is why when we are anywhere in the world they can accept bitcoin because it has become a very alternative and very beautiful economy, That's why we will always see that it is the best option for everything and those who still don't believe, because they don't know what they are missing, may open their eyes too late.

In this aspect we can say that bitcoin is the best Investment in the world , for me above gold itself what many are looking to do is that , make it above gold to see if they React with that.
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I think OP may add that there is a huge risk if you keep your BTCs inside an exchange since you do not have entire access to your private keys. The longer you keep your BTCs in an exchange, the bigger the risk that your coins may be compromised due to security reasons, like what happened to several exchanges years ago.

This is the reason on why people recommend having a non-custodial wallet so you have complete control over your funds rather than entrusting to a third-party your private keys.

Another thing to point out is that the pros overwhelm the cons of having BTC. I also think that majority of the cons are not because of the BTC itself but rather on what you do to your BTCs (e.g. keeping in exchanges, investing in ponzi-schemes, visiting random/phishing websites, etc.).

Here's the thing: the risk isn't built into Bitcoin itself, it's all about how you approach it. Jumping in blind is a surefire way to get your pants ripped off, but with some smarts and a healthy dose of caution, it can be a rewarding adventure. Doing your research "DYOR" understanding the tech and the market, and only investing what you can afford to lose – those are the golden rules that separate the thrill-seekers from the face-planting fools.

And let's not forget the FUD squad, the fear-mongering vultures whispering doom and gloom in your ear. They're the naysayers, the manipulators trying to sow panic and drive prices down. Don't let them get to you, man. FUD is like background noise in any volatile market, just another voice in the crowd. Listen, analyze, but don't let it drown out your own research and gut instinct.

Bitcoin gained popularity for its price volatility. It also offers the possibility of financial freedom and the ability to transact without intermediaries. And it's imperative to approach bitcoin or any cryptocurrency investment with caution and be aware of the inherent uncertainty in the market. There are also security concerns, as hackers and scammers can track bitcoin users.
From the above discussion it can be said that BTC is decentralized but some platforms are not related to it. There are still people who don't care. But what is important, it is absolutely true that they can still benefit with BTC. To those who are new to this platform but interested in investing, learn about BTC, understand and be careful about storing BTC and then invest.

Be careless with your Bitcoin and you lose everything. One can be careless with their passcodes being seen by another or stolen by another entirely, and by losing it entirely. If it is a custodial arrangement, that ends it all, which is why we must know that we have a core responsibility to safeguard our wallet as it is not a custodial approach that we can be recovered for us or a bank account that is always being looked after for us. I love it when people duplicate their passcodes in paper and put them away where no one can see them, especially among our vital documents, but well-coded in case someone still gets to see them one way or the other. Also, all the 2FAs must be done on different gadgets if it is the custodial approach we are talking about.

But all that is in one category, the other which you guys didn't talk about and that I fear so much about is the way the market fluctuates in value. I fear this so much when it comes to the bearish season. Once everyone knows this bearish time, I think it will be safer for them to keep the value of their Bitcoin as they will know the time to opt-in and opt-out. This is what I call a smart investment, it will not let your coins amount to less when you actually need them.

The benefits of using bitcoins are greater because I deposit all of my money, holding some money for the long term. And trading by remaining assets which are currently in profit. Bitcoin has such security that the owner of transactions can never be traced. Especially since I have millions of assets invested in them and I walk around with them hand in hand and no one knows anything about me.  But if I were to take these assets out into the open, there is definitely a possibility of robbery. So in Bitcoin I get huge benefits using it.

Well, I just hope that everyone has that kind of thinking but as we can see, very unfortunate that many of us remain emotional, and even though we have knowledge and market experience, most of the time we lose control of our emotions. That was the biggest problem that I've ever seen and this is really hard to change a reason why not all investors went well and succeeded, many suffered losses and quit.

FUDs, negative news, social media - these things change one's mindset. I would say that investing is not just all about knowledge and skills but also, management skills and self-control.

Makes no sense, you are dividing the money into two parts, one of which you are depositing and the other "holding"? Then you are trading with the remaining assets? Which part is going into bitcoin and which part into traditional investments? ::)

Wrong, it is pseudo-anonymous. Users can be traced by proper means but it is difficult to do the same. If you are more interested in privacy prefer Monero.

Who says bitcoin users are not at risk of robbery? People get kidnapped and held at gunpoint to reveal their private keys, what would you do then?

Indeed the long term prospect of bitcoin is good, but you need to be careful with it.

The risk is the security, and the governments. The security issues were almost solved with the existence of more wallets that help with different security features. With the governments we can't be sure, as they want to have control over the uncontrollable asset. For this they keep on trying different things to restrict people from using it. The reward is something assured for the risk we take. In particular what we hold unlike the market situation and different manipulation gives you with the best.

Your point are very nice once but then around your advantage are a few that needs to be addressed especially the aspect of getting filty rich well this shouldn't be an avenue to think it's a vet rich quick scheme cause such mindset only gets you into trouble as you may get disappointed if it doesn't happen almost immediately because it usually not so quick but it does help you get rich especially if you bought in time and held well enough as you should, long term hodling does it even better but short term can if your capital is quite huge but always bear in mind there's always a risk attached to every form of investment.

Even in a Bull run there could be a risk of loosing too if you lack patience and discipline because the profit doesn't come instantaneously but it will still take a few days or weeks amidst the bull runn.

Risk is if you are looking for short term benefits and focus on pump and dump schemes.

If we consider the advantages and disadvantages of Bitcoin, we will get more advantages but government of various countries exaggerates its difficulties. As a result, many people may react negatively to it without understanding. When the government failed to regulate Bitcoin, they made many negative comments about Bitcoin. But still when they fail to bring about their regulation they legislate. But if an unbiased and impartial opinion on Bitcoin is given, then it must recognize the benefits of Bitcoin as the highest priority. But here many governments are thinking positively about Bitcoin and we will be able to see its reflection in the future.

That is unfortunately the mindset of many people who get into crypto world, they do not really think it through all that easily, they end up thinking that they could get rich very easily or even if not easily, they could get rich like there is no tomorrow.

Unfortunately that's not true, we all wish it was true, but it is not. There has been a few people who have done it, there is no argument there, I am not saying nobody ever got filthy rich off small amount in the crypto world, that has happened before and will probably happen again, but that's a very small percentage of the crypto population, most people do not even have anything like that, it should be considered a little bit different and we need to try to make a "decent" amount at most.

That is absolutely correct everything that has advantage also have disadvantage as you stated and that is how cryptocurrency market normally works and the only way is not to be too much greedy in the market, because after Bitcoin halving we are going to expect Bull Run market which many alt-coins normally pump and the only way is to set first and second target to sell.

Everything works the same in all areas, it doesn’t matter whether it’s a traditional business or a cryptocurrency, there will be a small number of those who will succeed and can truly get rich, the rest will either earn relatively little or lose money.

I don’t know what it depends on, on thinking, education, or anything else, but I see that this is exactly what happens. And in crypto it can even be luck, with Bitcoin it probably won’t work out like that, it won’t be able to show such great growth as before, but with some altcoin you can try your luck, for those who are looking for quick money. I don’t like this approach, for me it’s better to buy Bitcoin and wait for the bullrun, but everyone decides for themselves what’s best for them.

Indeed, there are a lot of people who handle things differently like the process of learning and gaining experience in Bitcoin, for example, when losing a lot of money, some people would definitely quit as they think they don't have the skills and knowledge, but some would learn from it and build up the skills they can use for their own advantage to earn profits. From that, we could say there are still people who could succeed in the crypto industry, and I have seen friends who changed their lives with the help of crypto.

With the current state of the market of Bitcoin, it would be hard to invest with its high value today, you can expect huge profits whenever there's a bull run or bear market that you can take advantage with, but the thing is it's like seasonal where you can expect once in a year situation. Some people explore crypto not only in Bitcoin where they can also profit in altcoins as some of them have a good project plan or roadmap, teams, marketing, etc.

The bull run in the market should be understood well. Setting goals is easy if there is a good plan and roadmap. Not only crypto but the work you go for will have risk when it comes to Bitcoin investment is more likely to be rewarded here if done right. Altcoins perform well when the price of Bitcoin increases. But when a coin is pumped in the market it is beneficial to understand them.