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Author Topic: Bitcoin have more risks than benefits?  (Read 3563 times)
mahibul49
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May 23, 2018, 01:11:52 PM
 #21

yes bitcoin is risky but benificial too.u need to keep secure your wallet and keep your btc wallet safety and btc will go more high in the near future bcz big investor will hold their cash in btc.

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May 23, 2018, 01:13:06 PM
 #22

They've been telling the same thing for years now though people still seem to ignore the adverse effects of investing in a relatively unknown and unregulated asset. There's nothing they can do if they release such memos since people would just ignore it, given the recent runs which prove that they, too, can have the same success if they got in on the right time. Banks would naturally go against the idea of people using bitcoin because they'd be out of business if the crypto goes big and everyone goes on investing and using it.

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BTCLovingDude
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May 23, 2018, 01:16:31 PM
 #23

There are more innovations and they are having more effect.

what others? i don't see any other coin that is giving "benefits" more than bitcoin, only a bunch of altcoins which are always getting dumped much harder each time bitcoin has a little drop!

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May 23, 2018, 01:19:11 PM
 #24

bitcoin does have a big risk but also has a great advantage, only people who are not afraid of the risks that get big profits Smiley

Your exactly correct  investing in Bitcoin is like a game time of  win have profits accept the fact that we cannot control the loss.
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May 23, 2018, 01:22:11 PM
 #25

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?


There is a huge risk that bitcoin is already overvalued. The practical use cases for bitcoin are limited. It doesn’t enable enough transactions to take place per second to be used as a replacement for a modern payment system. And it doesn’t offer any functionality other than pseudonymous transactions transactions where the true identity of the counterparties is hidden.
but of course there are risk in any investments they may say that bitcoin is not worth it, but look at how bitcoin change the world it has a lot of benefits and future, i still believe on bitcoin there will be ups and downs but the still this is a trading world that's why it is so volatile, actually if you will look t it bitcoin now is much stable than before, and all the buyers are all filtered the people who does bought last year (who are newbies) and  people who also bought january 2018 that has weak hands lost their investments because of what happened during the huge dip.
http://theconversation.com/bitcoin-is-a-highly-speculative-investment-why-caution-is-required-88440
Jihuny23
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May 23, 2018, 01:23:59 PM
 #26

In my opinion, more advantages or disadvantages than bitcoin depends on where we look. I do not blame if bitcoin is said to be more risky because indeed until now, there is no insurance that guarantees if there is something undesirable on bitcoin. But when viewed in terms of technology, bitcoin is very profitable, very very useful for technological progress. I think, why bitcoin is said to be more deficient because many people are misusing bitcoin for crime. So not entirely wrong bitcoin, but its users are not responsible.
Compiler (OP)
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May 23, 2018, 01:25:04 PM
 #27

There are more innovations and they are having more effect.

what others? i don't see any other coin that is giving "benefits" more than bitcoin, only a bunch of altcoins which are always getting dumped much harder each time bitcoin has a little drop!

I didn't see any other coin too, i mean is what i red in notices  Roll Eyes

satria33
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May 23, 2018, 01:25:15 PM
 #28

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?



The risk of trading, investing in bitcoins is a high risk, but I believe this will result in greater profits if more patient and able to take advantage of any bitcoin price changes.
PpaatToupee
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May 23, 2018, 01:25:41 PM
 #29

I would say that your investment could easily go down the drain just as easily as it could jump to the moon within a day. That is how risk:reward works especially for this unregulated market.
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May 23, 2018, 01:27:58 PM
 #30

In my opinion, more advantages or disadvantages than bitcoin depends on where we look. I do not blame if bitcoin is said to be more risky because indeed until now, there is no insurance that guarantees if there is something undesirable on bitcoin. But when viewed in terms of technology, bitcoin is very profitable, very very useful for technological progress. I think, why bitcoin is said to be more deficient because many people are misusing bitcoin for crime. So not entirely wrong bitcoin, but its users are not responsible.

It's obvious, invest in Bitcoin it's not free money, it's risky.

sampalokmix
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May 23, 2018, 01:33:50 PM
 #31

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?



I think this is true due to the fact that this is decentralized, and the forum become transparent for us to be used, and very accessible in which whether you are good or bad you are allowed to be here. I been working for bounties,and being involved to that is actually a risk already since you dont have an assurance if the campaign will be great, and sometimes the projects becomes scam.

1020kingz
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May 23, 2018, 01:35:14 PM
 #32

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?


This issues are totally normal in this crypto world. Bitcoin is really a risky investment eventhough there are many risks in investing in bitcoin but with the proper knowledge and strategy bitcoin is profitable. For me i gain and have benefited a lot by investing in bitcoin.
Elachious12
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May 23, 2018, 01:36:59 PM
 #33

In quit agree with you because bitcoin price can depreciate at anytime, price volatility can some times not be predictable. So there is more risk attach to it than gain
amih
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May 23, 2018, 01:42:44 PM
 #34

I think every form of investment will have its own risk and certainly not just an investment in bitcoin but I think any other type of investment will be at risk. so I think it is a common thing to do in terms of investing activities and maybe the risks that bitcoin has for the time being the fall in bitcoin prices that causes the risk of loss. but that's a bitcoin that can not be predicted maybe now the price of bitcoin is down but we do not know in the future and I think it could be bitcoin prices again increased significantly.

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May 23, 2018, 01:49:28 PM
 #35

No, Bitcoin have risks equal benefit
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May 23, 2018, 01:50:10 PM
 #36

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?



The risk of trading, investing in bitcoins is a high risk, but I believe this will result in greater profits if more patient and able to take advantage of any bitcoin price changes.

I agree with your statement that trading and investing bitcoin is a high risk because it was really hard to trade and invest without enough knowledge about it. But always remember that you should always be careful to avoid this risk because everything we do is in our hands so no matter how risky it is if we know tomorrow with it then it will be beneficial to us.
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May 23, 2018, 01:50:28 PM
 #37

This time is very normal with the bitcoin value.it does not first matter. Because people also knows that Bitcoin value not still day.but think is so investment is always risky with bitcoin. Lot of scammers invest site in this crypto world.how we can understand invest is also safety,it can not loss our money?so don't worry and fell free need to some time will again come back Bitcoin value in the last year 2017..
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May 23, 2018, 01:54:57 PM
 #38

Day by day, you can see many news like it. But bitcoin has great potential. Still it is a profitable coin. I think it will work for a long run. Don't be panic about bitcoin. Hopefully price will be increasing very soon.
What do you said? More risk then benefit? I dont think so. All the risk always as big as the profit.
Profit offered by bitcoin is very big then the risk also big but not bigger. Imagine from nothing to hero, from 0.1 USD and now become so high value. Its the proof.
mikaeltomcruz12
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May 23, 2018, 01:57:30 PM
 #39

I think they saying that because of competence in bank over bitcoin they are saying much more risk of bitcoin because it can be hack by others true trading but the value of bitcoin can change everything for people like me that's why i'm looking for the benefits not for the risk.
strelok25
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May 23, 2018, 02:01:13 PM
 #40

Of course, almost all cryptocurrencies have a high volatility, that is, the price for them is not stable, and this is the risk of investing in cryptocurrencies, but on the other hand it is the large volatility of cryptocurrencies that attracts many investors to this market. Therefore, for experienced users, the cryptocurrency yields a big profit and inexperienced users lose money on trade in cryptocurrencies.
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