Bitcoin have more risks than benefits?

[Jessica2009]

  There are several benefits in Bitcoin due to the benefits several people are interested and rush towards Bitcoin, Ordinarily the government will try to take back the uninsured deposits but no government or banks can take back the  Bitcoin money since it is a decentralized one . No hackers can show fraud or steal the identity of the Bitcoin users it is safe to use and the transaction is done with fast and less fee all over the globe . The risk is that the government is trying to ban or give regulations to Bitcoin .

[thenameisjay]

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 doubt. Bitcoins bring more benefits rather than risks but, we're still a long way to perfecting bitcoins for everyday use because the supply is still low and the costs for transacting with bitcoins are high and slow. Bitcoins might even go global, but it will take some time to do so.

[Tuyoqhh]

I think bitcoin risk are felt for banks more or else they feel the cake pie of banks diverted to Bitcoin and they create panic news and try to keep their investors open accounts.

[yakafi]

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 depends on what you want, If you want more profits you have more risks. It is my opinion.

[beezare]

I think all investments must have a risk, as well as bitcoin and if we do trading or investment with the right time and right then we will be able to get profit, but if we are wrong in taking the decision then we will lose

[gledek]

we know from the beginning that bitcoin is risky, if we join bitcoin means we are ready to accept the risk. all investments are risky, not just in bitcoin alone. but all we can do is minimize the likelihood of risk occurring in any way we can.

[ipinkang]

Sometime we dont think about this "we mostly see just from one angle view, and that from ourself " when bitcoin Soor condition on market, many people panic and shell their asset, but this profitable for another people ,they buy with cheap price and hold it until bitcoin Moon again, from this we learn maybe you loss on your bitcoin trading at this time but this my opportunity to gain benefit on future.CMIIW

[buahkudu]

Bitcoin has more risks than benefits?
true bitcoin has many risks, because every bitcoin price is always unstable and difficult to guess. but bitcoin also has many benefits, bitcoin gives us rewards in the form of coins and we can sell or exchange with real currency.

[Vincentvanlozano]

Kryptocurrencies represent the movement or status of the market whether it is in the good progress or not.

For me I can say that Bitcoin has many benefits than risk since I really believe that we are going to a more high technology industries and markets So Krypto will easily fit and adapt to this kind of market soon.

As for now, we can also say that bitcoin has risk (but only few) since not all countries are ready to adapt to kind of exchange and money. Also, we nees to consider the hackers around that must be controlled and prevented.

We need to make first a strong market with a strong data base to prevent hacking and lossing of data and money online. This is the main reason why there are still many people dont trust kryptocurrencies.

[happistarjp]

I think it depends on how you view Bitcoin. Any investment is a risk, and that should always be in the mindset of any investors. Try to read what the investor geniuses have to say about Bitcoin and take it from there. 

[Janation]

I think all investments must have a risk, as well as bitcoin and if we do trading or investment with the right time and right then we will be able to get profit, but if we are wrong in taking the decision then we will lose

Investing is a risk since you are putting your money into something that you are not sure whether having a good profit in the future or not. If you do not take a risk, well, we all know we won't have a good result in the future.

[cabitu]

Actually, different people have different comments and experiences regarding bitcoin. People or investors who learn before investing in btc, commonly get more benefits including financial benefits that is profit as expected by investors. In the meantime, many people get involved in bitcoin without knowing more about bitcoin is really risky. They commonly undergo much loss of capital due to lack of knowledge about bitcoin. Because bitcoin is high profit and high risk business, it is suggested to learn more and be carefully in investing or trading bitcoin to minimize risks.

[Totoky]

The ratio of benefits and risks depends on the user. 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.

[BennyK]

Well, i don't agree to this statement. How can the risk surpass the benefits? That is clear that even among the people in crypto, some really don't understand the concept of Bitcoin. There are risks everywhere and in order to limit risk, you need to buckle up and study well how the crypto market operates.

[miriamcoinny]

Bitcoin has very high potential and is a profitable coin you just have to be smart when it comes to buying and trading it to reap its benefits.

[sulec70]

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 bitcoin is still profitable and benefits is more then risk. What investors should know is how to control investment risk when they get involve in this business . They can be traders, investors or just join bitcoin related projects that can create extra money for the. In sumary, bitcoin brings more benefits than risks to people involved in it.

[Febriana98]

not many people really understand what the purpose of Bitcoin created, so still don't be surprised why there are still many who think the risk in Bitcoin greater than the benefits,
indeed the risk in Bitcoin is still very large, but it's because Bitcoin still not received in all communities, I'm sure if Bitcoin already in the benefit is greater than the risk.

[BarbieCasino]

I think all investments must have a risk, as well as bitcoin and if we do trading or investment with the right time and right then we will be able to get profit, but if we are wrong in taking the decision then we will lose

yes it's true all investment have risk but we must look to the market situation when we invest our money. alot of trader did not face loss because they keep search about marker and  about the situation then they invest their money. if some one have don't experience of investment and did not know the proper time of investment they must face loss and they will discourage about investment  and share bad experience to their friends then their friends will also afraid from investment.

[joker19]

So risk management, understanding it, and studying its causes are steps to minimize risk. If we are able to minimize these risk factors, then the opportunity to get a greater profit. In general, if we invest, do not put eggs in one basket and only invest what you afford to lose. In addition, the ability to analyze the market is also urgently needed to predict price direction.

[Briella18]

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. That what i think.