Bitcoin have more risks than benefits?

[kjnfmplm]

Bitcoin being a volatile currency, having a big loss, and the risk of being scammed or phished online are the main risks of investing in any cryptocurrency, in my opinion. While the benefits are the possibility of gaining a lot of profit in a short period of time and transferring funds even the receiver is overseas. The risks, of course, outweighs the benefits. But, because we are willing to take the risk, we can gain profits.

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[7788bitcoin]

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.

It is just a personal opinion from the head of the baking system of Spain and we have heard many opinions from a lot of people in the past and it does not mean anything for the market and it will move from strength to strength with coming years, the only thing we have to worry is about the scaling solution we have to implement and hopefully we will have a clear solution regarding that.

[elbimbo012]

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 guess yes there are more risk in bitcoin than its benefits as we can see price of bitcoins are very volatile once major big player would pull out or want to manipulate bitcoin price it can collapse anytime mayne this are one of the reasons why banks shows more risk than benefits in bitcoin

[9emb3lelit3]

All this depends on ourselves to use Bitcoin well or not, all the work we will do is definitely have its own risks and benefits for our lives. But in my opinion, this Bitcoin has a huge potential for our lives in the long run in the future, so we do not have to worry about the things others talk about Bitcoin's badness, we just use Bitcoin properly and correctly, there will be the success we will get with this Bitcoin.

[bering]

the most benefit that we got from involved in bitcoin is when we buy low and sell high but the current situations not possible to get benefit from price movement and indeed those arguement slightly true that bitcoin users have more risk to hold bitcoin rather than hold other currencies such as dollar

[saifanik]

In my opinion, there is more chance of getting benefit in bitcoin. Because it is popular and very demanding full currency. And it did not happen, it took a lot of time. If the risk was high then its demand would have been reduced. Risks will be more or less in all areas.So,it should be said that Btc have more benefits than risks.

[darkangel]

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.

I thought you were wrong. Bitcoin has a huge potential. The blockchain technology behind bitcoin is very useful. Shipping, banking, grocery and legal are all facing major changes thanks to the blockchain technology.

[careCentre]

I believe a lot of people don't really get and understand the ideas behind blockchain, decentralization, and bitcoin as a whole. I think they should understand the purpose of cryptocurrency as a whole and the technology behind it. it is obvious that anything with advantages also has disadvantages and risks associated with it. People just speak negatively about bitcoin just because they know one or two risks without finding out benefits associated with it.

[Awhore]

well that is what they think, everyone has his or her own opinion about bitcoin. bitcoin like every other thing on planet earth has benefits and risk. it is always a two side thing, good and bad. bitcoin benefits are just too much for it to be neglected. the risk is just volatility and hack, but not withstanding it is of greater benefit to us all

[papasmurph]

As almost everything we invest in, there are risks. There are risks also in BTC. This is normal. Perhaps the benefits and risks in this case are 50/50. 

[Afobaje48]

There are slot of benefit in bitcoin because it's one of the best investing method now in the world, but talking about the risk,  it has his own risk because of its high demand

[rext]

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.

I think the benefits of bitcoin are not just price. It brings many benefits to the user. The efficiency it brings is huge and its security is quite high. I really like bitcoin, it helps my work more smoothly

[aris av]

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 are more afraid of risks, you will see that bitcoin is greater risk than profit. And if you want a better profit, you have to take risks.

[Crypto Mark]

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?

It is completely untrue and unfounded. Not just bitcoin users are increasing rapidly but also a number of innovative strategies that are always present from day to day. Bitcoin is one alternative to overcome unemployment and poverty alleviation.

[Obeng minn]

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.

maybe if we look, a lot of risk on bitcoin. but I think bitcoin especially krypto money is generally being drafted to reduce risk. and in fact bitcoin is very potential for economic progress in the future.

[LodisMcguire]

With the price being so volatile,of course it has risk.It's not the matter of more risk than benefit,but it's about high risk high return,basically it's a gamble.So like everyone said,don't invest more than you're willing to lose.Just wait for the opportunity to reap your benefit when the price reach the ATH again.

[Kristy22]

The risks of digital currency.
Despite the popularity and positive price performance, digital currency is not without risk. Friedman notes that leading investors such as Ray Dalio, founder of investment firm Bridgewater, called Bitcoin a “bubble,” while Jamie Dimon, CEO of JPMorgan, has criticized non-flat cryptocurrency, which is currency not backed by a government. Before investing in cryptocurrencies, Friedman says that investors also should consider several risks, including price volatility and regulatory intervention.
The Risks of Starting a Bitcoin-Based Business

The future of cryptocurrency means allowing you to have ultimate control over your money, who you send it to, and what types of fees you don’t have to pay. In short, it is slowly becoming one of the fastest adopted forms of payments online because of all of these attributes I just mentioned.

[Aryadwipanggah]

I do not see a higher risk of the benefits of bitcoin, I think the risk runs in harmony with its advantages, because all those who have high returns are sure their risk is high and not just for bitcoin.

[Compiler]

If you want invest on Bitcoin, just do it i mean, if u can, dont be scared for the future, don't invest all obvious, but yes some money, and just wait for the Bitcoin rise: It will hit 20.000$ again, i believe it.

[Gothorum]

To what the governor of the Bank of Spain says, do not pay much attention to him, not long ago an ancestor ended up in jail, and as far as imprisoned ministers nobody beats us, so these people have no case.