Bitcoin have more risks than benefits?

[Compiler]

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?

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[Godef]

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?

Well, Yes, perhaps bitcoin is now in an extremely risky zone, and can certainly collapse, but I think still this will not happen, and it will only rise and will work for a long time.

[Rana590]

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.

[MountainConqueror]

Well any kind of investments is a risky thing. But cryptocurrency has always been "a bit riskier then others" due to price mad volatility. Nevertheless lot of people doing amazing profit with that sphere.
And if you are not about buy-sell, I don't think Bitcoin do any treat to you or the world in general.

[mk4]

Bitcoin is a risky investment to start with. That's why you always hear or read the statement: "don't invest more than you're willing to lose". Because even though I'm highly bullish on bitcoin, it can simply just crash down to triple or double digits without any signs(a bit unlikely, but still very possible). It's simply just up to you if you're willing to take that risk.

[fredo123]

Indeed it is risky, Since bitcoins are highly volatile, So many bitcoin hater's try's to spread its bad reputation in social sites but there's nothing they can do because somehow many of us willing to take risk just to earn double or triple digit profit.

[MonaLeeTracy]

the bitcoin is bad now, but I think it will change, because the longer the bitcoin changes, and we also have to remember that once the bitcoin was once the best and has tremendous benefits. so we do not look at bitcoin just one eye.

[CrystalPham]

Many financial experts warn about the risks associated with bitcoin trading and the existence of the virtual currency system in general. Due to limited supply, if prices continue to escalate, the position of buying bitcoin will no longer. At the same time, the amount of electronic money that brokers hold increased, the security risk is growing.

[Thian778]

Bitcoin doesn't have benefit like health insurance like when we work on our real job wherein that is part of our benefit, but, in other side, if you take risks on BTC and earn big for it then you have a money bigger than the insurance you can get on your health insurance, that is also a huge gap to boost about Bitcoin.

[Melody2]

Well, I am yet to see an investment that has zero risks. Keeping money in the bank alone is a risk in itself. All this naysayers just want disprove the value of Bitcoin just so they can be right about their hunches. Bitcoin will rise above all currencies and those who miss out on it will regret it later

[Compiler]

Keeping money in the bank alone is a risk in itself.

Oh yea, i think that maybe it's better invest on Bitcoins than have money in the bank 

[Underlord]

Maybe I also agree with you, if you still do not know bitcoin better do not invest first because you will only get losses in the can. If you have acquaintances in bitcoin, maybe you should learn from him first.

[Pursuer]

if I buy $100 worth of bitcoin and enjoy using the only decentralized currency in the whole world am I taking more risks than benefits? of course not.

you see everything is a matter of perspective. if you are investing all your life savings and taking a loan to invest in bitcoin and a lot of other weird shit then of course the risks are a lot more than the benefits.
but if you are investing some money that you don't want or better yet some money that you were wasting, like if you were smoking, you can invest the money you were wasting on smokes every day to put in bitcoin. that is surely a lot more benefits than the risks.

[Umuoji]

Bitcoin have more benefits than risk

[apelmerah]

I think it is inversely related to the statement by the Madrid bank, because as long as I know and trade and also invest in bitcoin, I get a lot of benefits from bitcoin.

[Compiler]

if I buy $100 worth of bitcoin and enjoy using the only decentralized currency in the whole world am I taking more risks than benefits? of course not.

you see everything is a matter of perspective. if you are investing all your life savings and taking a loan to invest in bitcoin and a lot of other weird shit then of course the risks are a lot more than the benefits.
but if you are investing some money that you don't want or better yet some money that you were wasting, like if you were smoking, you can invest the money you were wasting on smokes every day to put in bitcoin. that is surely a lot more benefits than the risks.

Yes im agree, or maybe you can do like Didi Taihuttu, who sold all of his belongings to invest in bitcoin, but maybe you lose it all  

If dont know who is this man: http://www.businessinsider.com/didi-taihuttu-sold-everything-for-bitcoin-fans-2017-12

It's very popular.

[resty]

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?

If you focus on the possible risks it may bring, it will probably result to panic. What can I only advise us to stick to your choice or decision whether you will take the rush or not to earn such profit.
Cryptocurrencies are not secure our stable since the beginning, what others doing are going with the flow and observing its status to know when to sell and hold. With that they are earning their desired profit.

[Cointertrade]

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?

Yes it is given that bitcoin is really risky but beneficial. With my experience I can say that everything is in your hand you can't avoid risk but it requires you to become more careful that's how I deal with risk. Another thing is that the benefits there's a lot of benefits it's up to you on how or what strategies are you going to do to earn more bitcoin that would really benefited you.

[worldsuccess01]

Totally bitcoin have some more risk than benefits, because bitcoin as ao now is so bad peoples effort is so lucky of entering scammers.

[Mekmbem]

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