Investing in Bitcoin? Advantages and Disadvantages

[pendekar cinta]

It is a challenge that must be ready for someone to face when they start investing in the world online because it is difficult to make a prediction a trader should always monitor price movements at any time in order to gain a profit.

[shata]

Investing in bitcoin itself great advantage. Income come from bitcoin is more than other investments. We can earn more money in bitcoin. There is no investment need for invest in bitcoin. It would solve many people's basic needs. At the same time it would give job for many youngsters. The disadvantage is holding the bitcoin for long time. We have to check the market continuously otherwise it leads to great loss.

Bitcoin has made people millionaire and only this coin was able to pull this. By simply holding for a long duration of time, a man can earn profits that he had never imagined of before. Not only this, but many new earning methods have come to existence due to this digital currency. However I don’t see any disadvantage so far. Checking out market on regular basis is only essential if someone is trading in it.

Bitcoin still has some disadvantages but those disadvantages will disappear overtime, as an example you cannot use your bitcoin in the same number of places as your fiat, this limits the usage of bitcoin but eventually as people begin to realize the great potential of bitcoin they will begin to accept it in more places and that disadvantage will go away.

I am sorry. But I think what you said sir is not a disadvantage but a limitation itself, even though some countries do recognize bitcoin as a medium of payment, some countries especially the government's consider it as illegal or something bad for the people, but it isn't. The truth is government do not like bitcoin because it is decentralized, and no one can control, because of this fact, their countrymen can earn money without paying any taxes, this results to increase of buying power of the people and thus parallel to that is a increase in inflation rate. Because their are too many money circulating in the economy, prices will go higher.

[Alice Nuttal]

I might be wrong, but IMO any investment has its disadvantages and therefore it comes with risks. For me, just as like for most people, the main disadvantage of bitcoin is its instability. But it also may serve as an advantage, coz it also make btc profitable. Anyway, it’s never about absence of disadvantages, but more like about prevalence of advantages. 

[PIR]

when investing in bitcoin the advantages of this are, its possible to increase the price in the future, you dont need more requirement to invest bitcoin and easy to used and transact mode of payment. Disadvantages are, you need to wait until the value become high and you cant touch the bitcoin unless if you convert to cash and other say its to risky to invest bitcoin.

[terlesbogli]

There are always two possible things will make happen when you invest bitcoin and that was you lose huge money or earned huge money but you can avoid lose money if you believe and didnt do panic sellings cause i have strongly believe that bitcoin will increase by coming months so you need to hodl your bitcoins unless you regret.

[Elrozaq]

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

Of course. Invest in bitcoin is advantages . I have got alot benefit from invest it. I could buy house and started a new business from it.

[Dasha88fed]

The advantage of investing in bitcoin in my opinion is when I sell again when bitcoin prices go up. I can get 50% profit. but if you are not lucky, maybe the bitcoin price is down and you lose a few percent.

The price of Bitcoin often grows and falls, these leaps are quite strong and those who are engaged in cryptocurrency trading use it. If you have the knowledge and experience, then in most cases you will be able to earn money by changing the price and minimize the probability of losing part of your funds.

[syaripudin]

I think if compared, of course, will be more profits in the can from investing in bitcoin. because bitcoin is created as a decentralized crypto currency that would be very convenient for anyone who wants to invest in bitcoin. in addition in terms of value of course now bitcoin has a high enough value.

[ulia93]

I might be wrong, but IMO any investment has its disadvantages and therefore it comes with risks. For me, just as like for most people, the main disadvantage of bitcoin is its instability. But it also may serve as an advantage, coz it also make btc profitable. Anyway, it’s never about absence of disadvantages, but more like about prevalence of advantages. 

I agree with you, the instability in the price of Bitcoin can be regarded as one of the advantages of Bitcoin, because due to the frequent and sharp change in its price, it becomes possible to constantly earn. But this is if we consider Bitcoin in terms of trading it, but if we regard it as a means of payment, then for many such price jumps are a tangible disadvantage.

[maloibtc]

If 2-3 years ago, the payments related to crypto currency were engaged in a few projects, now such exchange points have grown significantly. There was a huge demand among users, accordingly and the offer. Under these conditions, the price of bitcoin and other currencies will increase.

[leostrong.mo]

The price of BTC is very unstable and the price is very volatile! This is the drawback of BTC!
However, long-term investment in BTC will definitely bring benefits and generate huge returns!

[SingAlong]

Investing in bitcoin has both advantages and disadvantages. The advantages of this are the opportunity to earn a huge profit by investing and the diadvantages are the risk of being bankruptcy and the risk of  being scam and hacked and all your money that invest are will be gone but ot will never happen if you have skills and being careful.

[samcrypto]

The price of BTC is very unstable and the price is very volatile! This is the drawback of BTC!
However, long-term investment in BTC will definitely bring benefits and generate huge returns!

This can actually be a good opportunity for every traders. Volatility is very normal and I think if you are wise enough you can win in trading.
There's a pros and cons with bitcoin but of course in the long run, people will still make profit because the value of bitcoin will keep on increasing every year.

[xiwanfd]

BTC monetary authorities don't depend on the specific issue, it is based on a specific algorithm, through a lot of calculation, BTC economic use of the P2P network composed of many nodes in a distributed database to identify and record all transactions, and the use of cryptography security currency to ensure that each link of the design.

The drawback of bitcoin is that it takes a long time to confirm a transaction. The first time a bitcoin wallet is installed, it takes a lot of time to download a block of historical transaction data. When bitcoin transactions, in order to verify the accuracy of data, it will take some time to interact with p2p network, and the transaction will be completed only after the confirmation of the entire network.

[Qeupe]

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's profitable to know when is the right time to sell, but investors now may be many who do not know the right time to sell. Because I see new investors who just want to make a profit but they only get a loss because they sell it when they panic.

[kipo]

There are a lot of articles where experts argue whether btc has more pros or cons. As for me, it is obvious that the number of pros is greater! It is the decentralized currency, it is safe and more reliable than others

[Wipangga]

For us the benefits we get are huge, because for us bitcoin is a very easy way to make a profit, if you do not want to lose a big profit for us you do not sell the price when the price is red, so you will not lose profits.

[marsmyname]

There are always two possible things will make happen when you invest bitcoin and that was you lose huge money or earned huge money but you can avoid lose money if you believe and didnt do panic sellings cause i have strongly believe that bitcoin will increase by coming months so you need to hodl your bitcoins unless you regret.

Investing your money in anything is a very good thing to do as it gives you an opportunity to make some good earning which then leads you to have a better life. All you need to do is that you must study as much as you can regarding that investment and that you must make some good plan by keeping all the things in your mind. Investing in bitcoin can help you in getting richer but for that, you must improve your knowledge.

[Star_Bucks]

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.

Investing in bitcoin has advantages you will earn a lot if you invest in a good investor to double your capital and to get higher salary and the disadvantages of investing in bitcoin may lead you to your bankruptcy if you have a not good investor.

[longskie0327]

Those who know bitcoin and are interested in investing in it, know for sure the pros and cons and what he is planning to do and I'm pretty sure he know everything about it, and we have nothing to do with what they choose to, they just believe bitcoin that's it.