Investing in Bitcoin? Advantages and Disadvantages

[Astra2127]

Let's make  it simple, there are advantage and disadvantage of bitcoin, for the advantage one is that you can gain high earnings and make a living, but the disadvantage is that there are alot of people using bitcoin for them to do such thing as scam. Remember it is risky for those who are not ready in this industry.

[BitSat]

There are so many ways to investing in bitcoin you can spend buy bitcoin and sell it on your profitable rate or you can buy some things that you will use or make bitcoin like buying or set up a miner that will generate bitcoin for you. The disadvantage of bitcoin is fluctuating its price it seems that it’s the advantage of bitcoin but I will consider it a disadvantage because bitcoin’s value will drop or decrease anytime. The primary disadvantage of bitcoin is its legality and acceptance to many people we all know that some people think that bitcoin is a scam and some country already ban bitcoin.

[Topcarey]

The biggest pro would be that it allows people to earn money whether you had much from the beginning or not. On top of that transferring money would be a lot easier.
The cons are that there are transaction fees for using it and earning money is not guaranteed. It can be very tricky.

These are  always the rules of trading and investment, they provide you the platform and for which you pay the transaction fee, I think we do not have any objection with the transaction fee but the problem is that the high transaction fee, which some time even exceed the original amount.

[Ngewex Yuk]

There is no investment that is safe and 100% profitable, this certainly makes us always have to be wise in placing money, bitcoin is a type of investment that is very risky so it is not suitable if it is used as a mainstay to get profit or target because it is difficult to guess.

[BitcoinMarketer39]

There is no investment that is safe and 100% profitable, this certainly makes us always have to be wise in placing money, bitcoin is a type of investment that is very risky so it is not suitable if it is used as a mainstay to get profit or target because it is difficult to guess.

Yes you are right, the market prices is always based on supply and demand so obviously you should always think about the market price that will constantly change and do not always expect to get profit.

[Coongcoongler]

I'm sure that at least 5 times more people have lost their money due to the fluctuations than those that earned from it and this show to us how dangerous are the variations in the price of bitcoin.

[GinXenPhengz]

We can see that investment in bitcoin in particular and crypto in general will be able to earn a lot of profit, the higher the profit associated with it is also the greater risk. Bitcoins are in the bearish trend in the long term so you should be very careful about every trade.

[Nathanclark]

About advantages
Convenience in transaction
Ensure security and confidentiality
Bitcoin cannot be faked
The cost is extremely low
On the downside
Not many users yet
For those who are not technologically savvy, they can not participate in bitcoin. If not understood, the risk of fraud is very high.

[ICOSCORING_team]

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[bummm]

if in my opinion it's a big advantage if you invest in bitcoin into a long term and the results you will get are also very large and promising

But you did not say anything about the disadvantages. You must agree that when you invest in Bitcoin, you risk. You never know if BTC can be a gainer or a loser soon.

[Ikay]

Even though bitcoin has a disadvantage in investing I still believe that the advantage will keep us alive that bitcoins value will increase and give us some profit if we invest huge amount to it and spreading some positive outcome of bitcoin will increase too that the bitcoin has a big impact to our economy and help us the most to grow.

[hahay]

Even though bitcoin has a disadvantage in investing I still believe that the advantage will keep us alive that bitcoins value will increase and give us some profit if we invest huge amount to it and spreading some positive outcome of bitcoin will increase too that the bitcoin has a big impact to our economy and help us the most to grow.

If you want to invest you really have to invest in large amounts if you want a much better profit, but in bitcoin I think investing in a minimal amount still has a good chance too if you are able to wait for prices to skyrocket again in the future. Because of being a holder of bitcoin for a long time I am sure to produce very good results. Investing does have risks, but if you believe about bitcoin and are able to be patient and not easily affected by negative issues, you can get good profits in the future.

[iMark]

Even though bitcoin has a disadvantage in investing I still believe that the advantage will keep us alive that bitcoins value will increase and give us some profit if we invest huge amount to it and spreading some positive outcome of bitcoin will increase too that the bitcoin has a big impact to our economy and help us the most to grow.

Thats right disadvantages and advantages will always be in investment, especially crypto investment. many people say that price fluctuations in crypto are a disadvantagesof this investment, precisely smart people know how to use fluctuations so that they become a profit outcome for them

[BigBos]

Even though bitcoin has a disadvantage in investing I still believe that the advantage will keep us alive that bitcoins value will increase and give us some profit if we invest huge amount to it and spreading some positive outcome of bitcoin will increase too that the bitcoin has a big impact to our economy and help us the most to grow.

Thats right disadvantages and advantages will always be in investment, especially crypto investment. many people say that price fluctuations in crypto are a disadvantagesof this investment, precisely smart people know how to use fluctuations so that they become a profit outcome for them

this seems unlikely to be unilaterally determined. because I'm sure, there are some people who have benefited from bitcoin, and there are some people who have felt the loss of bitcoin. it all depends on your fate in using bitcoin.

[Zackgeno96]

Advantages:
Being the pioneer, the coin is the oldest and most successful cryptocurrency out there and hence is considered as a brand name for other cryptos.
The coin is the least risky coin for a long term investment.
Disadvantages:
Having a blockchain of 10 minutes, the coin takes a lot of time for making transactions.
Due to its pseudoanonymous nature, the coin is not that secure in comparison to other coins.
Having a volatile nature, the coin is risky to invest in.

[higgidave]

Even though bitcoin has a disadvantage in investing I still believe that the advantage will keep us alive that bitcoins value will increase and give us some profit if we invest huge amount to it and spreading some positive outcome of bitcoin will increase too that the bitcoin has a big impact to our economy and help us the most to grow.

We ought to constantly mindful about preferences or inconveniences of bitcoin. There's immense favorable circumstances of bitcoin however we can't disregard there disadvantages.

[Barretwallace]

The advantage of investing in bitcoin can be a pretty big profit for Bitcoin. The downside is probably the instability in the cryptocurrency market.

[patarfweefwee]

Based on the comments on the beginning of the thread i opted not to click the link. But I'm pretty sure you covered some of the bases on advantages and disadvantages of crypto currency. All I'm goin to say are you ok experiencing the risks so that ypu can have the advantages in crypto currency.

[yitzjoe]

the advantage of bitcoin investment is to have a value trend that continues to increase from year to year without any long-term decline, and the risk of bitcoin investment is that we do not hold the coin physically and this is not authorized by any institution or country so if something goes wrong it will disappear forever without insurance

[wildey]

the advantage of bitcoin investment is to have a value trend that continues to increase from year to year without any long-term decline, and the risk of bitcoin investment is that we do not hold the coin physically and this is not authorized by any institution or country so if something goes wrong it will disappear forever without insurance

depending on your purpose to use it. of course so many people have benefited from cryptocurrency, and of course so many people have lost. Well, for me, investing well is probably real estate, but if you want to try it, you have to judge it yourself with experience.