Bitcoin have more risks than benefits?

[miyong]

You are correct that btc do have some risk but bitcoin do have lots of benefits to all believers and open a great opportunity to everyone who strongly believes in crypto. 

I believe that there are more benefits in crypto than risk. I guess those risk will varies from the person who handle her/his investment.

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[poplolnman]

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.

That's why banks mad about this lol , idk if it was their way to prevent Bitcoin adoption , it's just too clear to see that any financial institutions fear about cryptocurrency existence due could take down their own business , the decentralized system make things easier , provide a lot of benefit for customers but not for the providers like banks , that's greedy and normal.

[AlexAce420]

Bitcoin has a big risk but also has a great advantage. There is really no investments with zero risks. So There is a say ”NO RISK NO GAIN”. Every business has a degree of risk involve and bitcoin is not the exception. I still believe that bitcoin is one of the good investment and in the very beginning bitcoin has risk because of volatility but the demand keeps rising. I think to get a big profit or to achieve a great success we need to take the risk.

[retnoanjani]

The ratio of benefits and risks depends on the user. If the user can do a good analysis, experience a lot, mentally strong, then the opportunity to get profit certainly can be bigger. The same is true on the contrary.
The thing to understand is, to get big profits will be accompanied by big risks as well. So, understanding the risk factors and determining the safe action is the most appropriate step.

[Coin-1]

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.

That's why banks mad about this lol , idk if it was their way to prevent Bitcoin adoption , it's just too clear to see that any financial institutions fear about cryptocurrency existence due could take down their own business , the decentralized system make things easier , provide a lot of benefit for customers but not for the providers like banks , that's greedy and normal.

Agree with you. The banks try to spread the FUD news about the crypto currencies in order to attract the new customers and get a profit from them.

But indeed, the crypto exchange markets are volatile, and Bitcoin is still a risky investment. That's why it is needed to use the hedge risk politics.

[Uno17]

There is always risks to all cryptocurrency as we all know, specially today the bitcoin keeps moving negatively it will sometimes go up, yet after awhile it will drop again. And now most of the time it stays down but i still trust  that it will recover very soon and go up again on high before the year ends. I will always say i am optimistic that there are still benefits in bitcoin despite of having risks as well.

[RippleSpaset]

think

[Fafabol]

Bitcoin has more risky factors rather than its benefits.One of the risky factor is the so called fraud.Online businesses offers a variety of selling and mode of payments which is we all known as cashless payments.We can do payments with these cryptos and the least benefits of a bitcoin is you can exchange these into other currencies at the different countries.People must be aware to these risky factors and next to its benefits.

[Sergio444]

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 that is true, bitcoin has more risk but just a single benefit of bitcoin and blockchain technology supercedes those enormous risk. We in the crypto business do believe and knows there are risk, but bitcoin is also a valuable coin.

[JackyLon]

Yes, there are always risks with electronic money and in particular bitcoin is still a risky investment. But personally I believe bitcoin is still a good investment. I think to get a big profit or to achieve a great success, we need to risk.

[D4ffyduck]

There is a risk of bitcoin if you can participate and invest your money on bitcoin, but if you think about it much and are too risky to invest our money in bitcoin. You are wrong to have a return to the bitcoin price range only a few years later. Where bitcoin has a lower price and we can find bitcoin prices in the past year and how bitcoin price increases now. You can take and get the risk of bitcoin itself.

[Cryptoproff]

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.

[jchav010101]

Bitcoin is risky to invest because of everyday move up and down trend the price is not stable and be patience in every step we take bitcoin could have benefits if we do have a knowledge to do it.All of these will depends on how we will handle it. If we handle it right we can earn more profit and have benifits.

[anavir]

It is true that investing ib bitcoin is risky but if you know how to take a move  on when to trade you will never loose your money but benefited with good profit.Be patient enough and wise to benefit more

[lonmobilio]

All investments and trades are at risk, if Bank of Spain, in Madrid considers bitcoin more risky than the benefit is commonplace because all the Banks in any country will say so because bitcoin is the Bank's biggest competitor, they only see in terms of bad not see progress and advances in Bitcoin and Blockchain technologies.

[gunungkembar]

I think it's very normal because bitcoin is the only digital currency on the internet, if it is related to the internet must have a very high risk, you should be able to face the risks that exist.

[ReindeerOnMe]

I think it's very normal because bitcoin is the only digital currency on the internet, if it is related to the internet must have a very high risk, you should be able to face the risks that exist.

Bitcoin is the only digital currency on the internet? Wow, that is something that you can read and see everyday here in the forum. There is a lot more of digital currency on the internet and I think you must look at out of the box.

[Tahsin Kabir Kollol]

There is nothing to gain without risk and every type of investment has a risk. Because of decreasing and increasing price, investment in Bitcoin has some risk but you should have patience and hold your bitcoin for a time. The people who invested in bitcoin in past and held it, they became rich. So you should have the patience to earn and lessen your risk.

[bravehearth0319]

I think they're right in what they stand for. Banks and Bitcoin or other crypto, just don't go well together. Why do people still push the idea that they need to be able to use banks with Bitcoin. Banks need constant flow of money and if they stored Bitcoin it will be a huge problem for them. On the other side we can store our Bitcoin in our wallets safely without the influence of banks.

[DemiGodKaido]

I think every kind of investments is risky especially those whose in demands but I don’t think bitcoin is a risky thing. It maybe risky to those hater people who only wants bitcoin to go down. Nevertheless many people having great profit with cryptocurrency.