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Author Topic: Investing in Bitcoin? Advantages and Disadvantages  (Read 3884 times)
corsaronero1969 (OP)
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December 22, 2017, 11:57:32 AM
 #1

While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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EinaiOraCoinDev
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December 23, 2017, 09:19:39 PM
 #2

Those are nice articles, but please, stop posting those links in here because it is pretty obvious that you want to increase the traffic of your site.

Or at least, quote what is in there and post it in here to avoid the spam.
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December 23, 2017, 09:49:08 PM
 #3

While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency
One on the list is this, Can't purchase item? For now there are many merchants that are selling and are willing to accept bitcoin and other cryptocurrencies as well. And if you are someone that wants to try out buying something with bitcoin, you wouldn't shop on your favorite mall but you have to go in a crypto marketplace where every crypto is acceptable depending on it's worth.

Nice article though.



 

 

 

 

 

 


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December 23, 2017, 10:17:29 PM
 #4

Unless you are going to post interesting insights or a reasonable description of the article, don't use the forum to spam your links. Offsite links can be very dangerous, you never know what exploits can hit your PC and steal stored cryptocurrency wallets in extreme situations.

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December 23, 2017, 10:40:30 PM
 #5

The advantages of investing in bitcoin are huge, and the main advantage is getting huge profits, and the losses on bitcoin are also huge, as bitcoin prices sometimes go up and down, so we can lose if we can not analyze bitcoin prices.

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December 23, 2017, 10:43:20 PM
 #6

The advantages are vast bitcoin is fast becoming mainstream and more widely available.

I would point out that the disadvantage I feel is people jumping in at the wrong time. I have seen people jump into bitcoin and make mega bucks and the other extreme of the table lose it all and end up with nothing.

Always keep this in mind.

Quitting while your ahead... Is not the same as quitting..

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nwahshearthiad
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December 28, 2017, 06:44:07 PM
 #7

Investing in bitcoin always has its pros and cons. Due to the unstability of bitcoin prices often rise and low repeatedly.. Investing on it would make a big profit if you are a good investor but there are also disadvantages that may lead you to your bankruptcy.
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December 28, 2017, 07:27:59 PM
 #8

Investing in bitcoin always has its pros and cons. Due to the unstability of bitcoin prices often rise and low repeatedly.. Investing on it would make a big profit if you are a good investor but there are also disadvantages that may lead you to your bankruptcy.

In simple words to put invest some money in cypto currency for sure . Also invest only money on which you would not be dependent on even if that money becomes half of it in the value . This will make your life easy and also you can make the money if market moves upwards .
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December 28, 2017, 07:30:34 PM
 #9

The advantages of bitcoin is that it is a decentralized currency that can not be tracked. Investing vbitkoin or other crypto currencies, you have all the chances in a short time to get rich several times. But on the other hand there is a possibility that you can incur losses. This is his fault.

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December 28, 2017, 07:45:55 PM
 #10

all anyone needs to know is the following.
disadvantages. high transacation fees and slow transaction times
advantages. Hugh price increase potential
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December 28, 2017, 07:55:36 PM
 #11

I would point out that the disadvantage I feel is people jumping in at the wrong time.
Always like that - be it stocks, speculation, pyramid schemes: the masses of small fishes give their money to the early players... It's psychology of crowds.
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December 28, 2017, 07:56:57 PM
 #12

Bitcoin is a get rich quick scheme. That is the only reason to invest with money you can afford to lose.

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December 28, 2017, 08:08:21 PM
 #13

While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency
Though this has stated a valid points, some of the risks have been defied because bitcoin is somewhat becoming mainstream now. You can use bitcoin and buy quite a lot of stuff in exchange, as a lot of people are in absolute hunger for bitcoin. They find bitcoin it be easy money so why not?  Bitcoin is now being traceable and there are better altcoins that are good in terms of anonymity.


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December 28, 2017, 11:05:37 PM
 #14

Well investing in bitcoin is a risk for you to take and can handle. Its base on you how it would increase as you hold bitcoin.

Advantage
•If you got to the point of bitcoin increase well its good like this December if your one of those people who holds bitcoin and woop! Your bitcoin value increase. Thats the good in bitcoin.

Disadvantage
•If buy bitcoin and sad yo say it was the time to decreasing, well thats the sad part. You should know when to get bitcoin so can have bitcoin double the trouble.
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December 28, 2017, 11:14:29 PM
 #15

The only disadvantages are the outrageous fees, nothing more than that. After all, the whole crypto ecosystem is perfect, and bitcoin too.. And once that the LN gets implemented, bitcoin would be perfect x2 lmao.
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December 29, 2017, 01:19:08 AM
 #16

While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency

the benefits of investing in bitcoin are when you invest in a cheap price and suddenly rise in price it will benefit but also its weakness when you invest bitcoin but then the price drops and you get stuck in the expensive price and bitcoin delivery cost is very expensive.
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December 29, 2017, 01:41:32 AM
 #17

I would point out that the disadvantage I feel is people jumping in at the wrong time.
Always like that - be it stocks, speculation, pyramid schemes: the masses of small fishes give their money to the early players... It's psychology of crowds.

this is not a psychology issue, but a theories of capitalism which deals the free market. the large capital can play price and take benefit from small capital . therefore, creation crowdfund token, or bots trading can minimalizir whales playing dumb and pump .
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December 29, 2017, 04:24:38 AM
 #18

I would point out that the disadvantage I feel is people jumping in at the wrong time.
Always like that - be it stocks, speculation, pyramid schemes: the masses of small fishes give their money to the early players... It's psychology of crowds.

this is not a psychology issue, but a theories of capitalism which deals the free market. the large capital can play price and take benefit from small capital . therefore, creation crowdfund token, or bots trading can minimalizir whales playing dumb and pump .

For me the advantages in investing bitcoin is that it is free from bank charges and btc offers less risk from merchants while the payments cannot be reversed in comparison to the present traditional banking. Disadvantages of bitcoin, it is still only accepted by a very small group of online merchants.

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December 29, 2017, 04:37:44 AM
 #19

While browsing the net, I have stumbled on an interesting article were all the advantages and risks related to investing in Bitcoin have been laid down. An excellent, and informative read: http://cryptodetail.com/page/risks-of-investing-in-cryptocurrency

There are a lot of advantages and disadvantages on investing in bitcoin but I will just give you one for the advantage and one for disadvantage. For me the advantage of investing in bitcoin is you can ensure that you will going to have profit if you believe in bitcoin and aside from that it is hassle free when it comes in transactions. But one of the advantages that I've experienced was if the price of bitcoin is rising the fee is also rising.
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December 29, 2017, 04:58:45 AM
 #20

The only disadvantages are the outrageous fees, nothing more than that. After all, the whole crypto ecosystem is perfect, and bitcoin too.. And once that the LN gets implemented, bitcoin would be perfect x2 lmao.


Yeah the fees are killing the peoples interest in bitcoin and the long confirmation when giving a small fee, if the fees were back to normal there will be more and more people that will use bitcoin and leave other coins.
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