Bitcoin Forum

According to Pennsylvania's Department of Banking and Securities, anyhow. They kinda state the obvious by saying that investing in cryptocurrencies is risky. http://cointelegraph.com/news/112938/pennsylvanias-department-of-banking-and-securities-identifies-digital-currencies-as-top-emerging-threat-to-investors

it makes sense to tell every to do their due diligence checks. to me that is positive PR for bitcoin.

bitcoin is as risky as playing with the forex exchange market?

nothing new here..

What's that, a currency market is as risky as trading in another currency market? WHO WOULD'VE THOUGHT IT?! At least here we don't use margin like those fuckers in forex do, I think calling it a threat is typical overreaction though, more like a definite risk.

Every one considers it from different perspective. Some investors have faith in the future of bitcoin and inject thousands of million dollars into bitcoin startups. It is an opportunity for them to be involved in bitcoin, not as stated threat by op.

As risky as a guaranteed loss of purchasing power every year by holding fiat?

Seems like the big brother, nanny-statist, control-freaks are trying to scare people.

Investing in cryptocurrencies is risky of course - they are telling the truth. Look out - how many coins there are ? BTC is exception I think  ;D

Yup - I mean sure your fiat is a bit more stable in real-world investing...but just HOW stable?

+1 for big brother as usual trying to get bad stuff into peoples minds, thur media outlets of course.

Bitcoin is a direct threat to the fiat dollar.

well some of the Big fishes are saying it otherwise.

https://bitcointalk.org/index.php?topic=864947.msg9592177#msg9592177

Investing in anything is a threat to your wealth. If it was a sure thing then the investment issuer would not need your money. Since bitcoin was never intended as an investment you are putting a square peg in a round hole when "investing" in btc. Sometimes the peg fits in there and sometimes not.

Bitcoin is high risk and potentially high reward. The Department of Banking and Securities warns.

Fiat is high risk and no reward. The Department of Banking and Securities remains silent.

ya.ya.yo!

How is Bitcoin any special in this?
Isn't investing in anything a risk? Has there ever been something that was a 100% safe investment? No.

yes alternate cryptocurrencies true, but investing in bitcoin is not

try and make the current bitcoin infrastructure go away, i know it cannot be done e.g. the internet, your bitcoin is safe.

as fry says "shut up and take my money"

No problem. This is in my eyes "free advertising".
Some big fishes actually love to risk.

And yeah, show me one banker that will advise you to use BTC :D

Note that bitcoins are only dangerous to people who actually buy some. So it's less dangerous than, say a car, with which you can kill yourself, and other people, too.

Walking down the street is dangerous too. Hundreds die every year by crossing the street. Maybe it should be banned to walk down the street.

a threat to anyone NOT investing in bitcoin, I guess...

If Bitcoin is a threat to investors then that threat is of different magnitudes to all individual investors.
There are far too many variables to confidently consider inherent risk(s) in each investment.

Timing is everything and who knows for sure if the best time to invest has already passed and we are
left with ever an increasing risk of timing the price volatility to invest for profit.

One thing for certain is that Bitcoin cares not one bit about time, risk, competition, or the investor.

Discipline would dictate that you invest what you will and take profit where/when you can to recoup
your investment, leaving you a sum of coins.

After that it's just about how much you value your time and what you will allot to
continue pulling out profit from the volatility, or be content and patient enough to have and to hold
...in sickness and health...for richer or poorer...till death do you part. May our partnerships with
Bitcoin be a long and happy one.

Just remember that it's up to you because Bitcoin couldn't care less than it already does.

No more than a pair of loaded dice...or unloaded dice.


  

When you invest in anything in the world it is a risk even the Fiat is a risk kinda. Take a look at the Euro it was soaring now it has fallen down very from where it was before. When you make an investment there are no sure things and if there are then you should take them. People are scared of what Bitcoin could do to the Fiat and this is why people are saying the things they are saying.

If he say bitcoin is a threat just due to he fails in invest, that everything in his life are all bad.