Bitcoin have more risks than benefits?

[Labajah]

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?

risk is everywhere. no matter what or where you invest at, you are taking a risk, risk of losing. i would prefer taking risk than to not take any risk at all. by taking risk, you have a 50/50 chance.

[hsyncl]

The risk is as high as the return. This is very simple to explain; If you want to earn a lot you have to take risks. Investing in gold or beating for profit is a more logical option.

[Boldcom]

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?

you will not be receiving any benefits by not taking any risks. all investment involves risk. no matter what investment you take, you are expose to risk of losing.

[onemoretime8520]

I have been seeing these news since btc was 1k and of course every investor is capable to understand that in crypto market the risk is high but also the gains are high which is not a new thing in economy. Always the high risk is correspondent with high returns.

[if_so_klara_99]

if you use it correctly than no, you should no efficient ways to mine it, and those ways do exist, and the you will certainly make more than lose

[Thardz07]

In my opinion, there are more riskier if you have a lack of knowledge about bitcoins. The risk of investing is normal in Cryptocurrency, but beneficial if you really understands how it works. It depends on our knowledge and strategies.

[TrevorSmith]

If you decide to invest you must know that all of the investments are risky. You need to know it and  just invest the amount that u can afford to lose. If your investment is successful then big money will come your way.

[Apple Mac]

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 agree with the statement, yes Bitcoin contains a lot more risk than benefits, I am in the side that you dont have the enough assurance on when kr how much you can earn here, is the project would really pay me? Or the investments that I did will really work, the risks is present benefits will come after if you recieve a huge amount of money after you did an awesome service, and I think that's how do life goes? Risk for you tk step up in your current situation.

[SistaFista]

Bitcoin is risky because you can easily lose/earn a lot of money in just a few minutes or hours, but the problem is that most people do not even know how to deal with losses, that is the main reason of why they stop using or investing in bitcoin.

[ASHLIUSZ]

Equal to the level of risk it has got benefits within it. The best of the benefiting takes place with the people who keep themselves active into the cryptocurrency network and has the mentality to take risk. With bitcoin the risk is the price varying with time, where lucky people get benefited even in a very small time gap.

[hhk1045]

I think it depends on the person. For newbies, it has more risk than benefits because they make many mistakes and are influenced from speculations. However, Bitcoin offer more benefits than risk for experts.

[shalaza]

It is actually true. The risks are heavy but if you know your way and you are experienced,they are nothing to worry about.

[sukoyomi]

it is true, if you have no experience, cleverness and patience, then you can lose big. because bitcoin has an unstable price. plus the world of crypto has no clear law, and there is a lot of deception in crypto.

[triciaa478]

Bitcoin has received negative news and criticism like this from famous and well known people since the beginning of bitcoin introduction yet we see it available for over years now. Bitcoin has more benefit than risk. Any good thing comes with bad attached to it and bitcoin is not different.

[Herressy]

I think it depends on the person. For newbies, it has more risk than benefits because they make many mistakes and are influenced from speculations. However, Bitcoin offer more benefits than risk for experts.

true this is always depends on a person that are try to get in crypto and we also have different view for what we can be able to treat this for.

[CarnagexD]

The presence of risk on the system of bitcoin is not always related to its ability on transaction. It could give more benefit on the development of transaction compare to the risk its give to people on investment and securty. The success on having an investment with bitcoin is dependent on the ability of a person to handle decision and dealing with pressure on the changes of price of bitcoin.

[rudox]

Bitcoin has only one benefit which is  profit. For any venture to succeed there must be risk. So if bitcoin is full of risks so also it is full of profits.

[jhache]

I think just the single thing that makes the whole bitcoin project worth it is the option to be the sole owner of your own money and being able to transfer it to anyone, anywhere in the world for almost no fees. Poor people don't have these options in real world if you don't know and just cause you have access to these options doesn't means that others don't need it.

[wiro 212]

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?

Bitcoin is risky but bitcoin can also provide great benefits. Bitcoin is at risk because of unstable prices, but for long term bitcoin has a good advantage.

[chillitabit]

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?

suppose you are running a car manufacturer that is selling a cars running on gas and then you're not able to compete with them. Are you going to close the company, saying your competitor is better or rather try to say he's not worth it?