Bitcoin have more risks than benefits?

[Kanda Yu]

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 think so. Bitcoin has been a very risky cryptocurrency and investment wherein plenty of people has already ended up disappointed and regretful after risking much money from here. You cannot blame them, it's all part of the game. There will be time where you loose and there will also be time where you win and gain more than what you expected, if you're too afraid to risk, then don't expect any rewards or benefits.

[kkaroul4]

if my own opinion bitcoin it even has many benefits from the risks. because the bitcoin is already a lot of benefits that are given to all users of bitcoin than at risk. because all the work is definitely no big or small risk and it certainly exists

[Sakash]

There are risks where you can profit. It is said in the business where profits are high, investing there. And do not invest where there is more risk. In this case, Bitcoin is seen to be more profitable than risk.

[saumang2m]

Bitcoin is a crypto market. And the price in the crypto market is never the same. Sometimes the price goes down and sometimes the price goes up. And there are some risks in every kind of business. If we do not take risk in business, then we will not be profitable in that business, and Bitcoin is also a kind of business. If we take risk then only we will get benefits.

[komrobert]

No, it's not. As for me, Bitcoin have more benefits  than risks. This is all just new for people and not many of them can understand it.

[threegods]

There are different experiences of different members.  If someone invests without gaining knowledge and experience then definitely chances of loss and risk are higher.  So play safe

[berungan]

There are risks where you can profit. It is said in the business where profits are high, investing there. And do not invest where there is more risk. In this case, Bitcoin is seen to be more profitable than risk.

actually all the work must have risks, but it all depends on us too, actually we can minimize the possibility of this risk. if we are careless then fatal consequences. but this risk corresponds to what we get.

[tayecrypto]

There's 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.

[Cassy14]

it is just 50/50 for everyone.
a again and a lost of money.
everything will be done in time.
we are just gambling on our holdings.
we dont know when to rise or fall

[daniel2023]

News like this do not scare us again. Several occasion many have said worst things than this and nothing happened. the only thing i like about crypto is the decentralization. 

[demonist]

I agree  that statement that bitcoin is risky, but I am not agreeing that bitcoin have more risks than benefits, of course not, it is not like that bitcoin has more benefits over risks, I don't think that a lot of people here would stay even me if I found out that I cannot give benefit enough to bitcoin.

[Pero20]

I don't really agree that bitcoin have more risks then benefits. Risk is definetly involved but i think that bitcoins have a lot of benefits and is a great long term investment.

[laryillary]

This is a new tool, it is extremely speculative, extremely volatile, volatility reaches several hundred percent per day. Therefore, if you invest in this tool, there is a possibility that money can be lost. Guarantees of profitability does not exist. Moreover, in most jurisdictions of the world there is no legal status of crypto currency. Operations are in a legal vacuum. The state does not give any guarantees.

[jpnl0004]

For me it has always been benefits than risk an actually there is no business without risk i would love to identify  popular of risks that can be applicable to any other business 1.Giving someone  access to your private key password and any other delicate stuffs that would warrant your coins to be stolen from your wallet 2.Running or participating a program that is scam and giving details in the process  and any other risk one an encounter in this business of bitcoin exceptional from that the gain is worth the risk.

[Timere]

The most interesting is that such discussions begin only when bitcoin is either down or stable

[Anaviscacam]

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.

[Gerci]

I think the risk and benefit of bitcoin are the same. When you invest huge amount of money, if you lost, you will lost your huge money. If you luck, you will get double even ten times of your invest amount. If you invest little amount of money, the risk also little, but the benefit also little from your invest amount. Sometime the benefit bigger than loss and sometime the contrary.

[ahmedbrown]

This kind of news have become rampant, I guess some people ideology about bitcoin is still remains as ponzi scheme.  They see it as something that's not tangible. Once you are playing your games diligently with bitcoin you are on a safer side,  the risk aspects of using bitcoin might be over anxious to get rich quick which might result in you been scam or invest in a wrong bitcoin investments.

[Superzpay]

I think the risk and benefit of bitcoin are the same. When you invest huge amount of money, if you lost, you will lost your huge money. If you luck, you will get double even ten times of your invest amount. If you invest little amount of money, the risk also little, but the benefit also little from your invest amount. Sometime the benefit bigger than loss and sometime the contrary.

I spend a lot of time in bitcoin and according to my observations the risks and the benefits in bitcoin are not the same but the benefits of bitcoin are much more than the risks in bitcoin. It just require a logical calculation and estimation of the usage and time and community of bitcoin and the adoption of bitcoin with time then you will find that how much will it reach in value and how much time will it take to reach to a particular value. With that things in mind a person can estimate the timing of his investment and he will not find any risk in bitcoin.

[art.vrn]

Of course, because by investing money in Bitcoin you will never be able to know for sure whether you will profit from it.