Bitcoin have more risks than benefits?

[Paka1]

It is already given that all investments involves risk.  It maybe internal and external factors but every challenges may overcome. Like bitcoin,  it involves risk but then it is an investment that is has worth,  it has different kinds of benefits that anyone can benefit. It will give a remarkable profit, an easy and convenient transaction online and accepted worldwide.  Just make sure that knowledgeable about it and have enough information when you engage with it, so that you will know what are pros and cons to avoid greater risks.

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[MortonAlden]

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 has a lot of benefits. So many coins like TAU, ETH are risky but beneficial. They give the investors a platform that can lead them to a lot of gains rather than losses or dangers.

[Ahimoth]

That is not true my friend, because how can you explain that some investors on the bank is more favorable now on bitcoin because they see how fast the bitcoin as their investing than bank that they also don't know what will happen on their money.

Well based on facts it is not true because bitcoin is having a good run and despite its struggle many investors are still in love with bitcoin. With that said and done I must think that bitcoin is risky but beneficial. You can't take away risk because it involves money but don't take for granted its benefits cause it's a lot of them.

[Reid]

Pfft. Disagree.
They just want bitcoin to look so bad for their industry to be used again.
I bet they are getting lower number of investors in their bank to spread this kind of lies.
Perhaps some people do not know it here.
You keep your money in banks. Banks invest it to mutual funds or other investment. They gain like 10 percent more of the total money people kept to them. And you receive 1 percent annually. Yikes! More reason for them to make bitcoin look bad. The profits are getting lower. They are desperate.

[bentong talong]

If you are a wise person with your patience wisdom and lack of greed you will prospher here, and not get into a big risk!

I agree with you, if a one person knows how to wait, the lesser the risk. On the other hand, Bitcoin has more benefit than risk, it is just a matter of handling. You should know how to handle things.

[joshb028]

Accessing to cryptocurrencies or bitcoins is maybe a risk but we have to consider the benefits that we could get from it. There are lot of members here who already have experienced the benefits of bitcoins and I think this is a proof that there are more advantage than risks. Well at first or beginning maybe, we have to take a risk but after that we have to expect for the big benefits.

[TheKeyLongThumbI]

Depends on the usage because fiat has risks too. Fiat has inflation and just an increase in oil and crude's price, everything you need to buy also goes up. Fiat is also used in money launderings occasionally.

[pancawati77]

It is true that bitcoin has many risks and only one benefit and that is to earn more money by investing or joining a gift and airdrop campaign.

[bigblackdeck45]

Yes bitcoin is definitely quite risky but come to think of it, when investing there will always be risk involved. Bitcoin is not all sunshine and people earning huge profit all the time, some people also lose all their money and never make any profit at all. The important thing is you have the proper knowledge and you know what you are doing. Some people just blindly jump over board without any knowledge on cryptocurrency.

[Lorna111]

bitcoin does have a big risk but also has a great advantage, only people who are not afraid of the risks that get big profits

The degree of risk in Bitcoin is base on the amount you put in into Bitcoin Project coin of investment, yes, the bigger the amount the bigger the risk you will face depending on the market movement in the trading at any given time.The benefit on Bitcoin coin earning will be depending on the price movement of the market.You can have a huge amount of profits gain when the price value of Bitcoin goes up 100% of your investment and you were able to trade it during the time when this price is high.

[ecnalubma]

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?

In my opinion its partially true, but it depends on what kind of investor you are. If youre a short term type then probably you’ll get pissed of whats currently happening in the market now but if youre a long term type it will not affect you. All investments are risky but it only depends on how the individuals manage risks.

[Haslett5236]

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?

In my opinion its partially true, but it depends on what kind of investor you are. If youre a short term type then probably you’ll get pissed of whats currently happening in the market now but if youre a long term type it will not affect you. All investments are risky but it only depends on how the individuals manage risks.

yup, for example just a few months ago, people can buy bitcoin at $20,000 and now the price is so low as compare to then. however, there is a lot of prediction that bitcoin will rise to above $50,000 and so at the end of the year. So as long you hold, you are able to enjoy the benefit.

[Lubang Bawah]

All investments certainly have a risk that is directly proportional to the profit, and as we know that the opportunity price of bitcoin is so high that the same is true if the losers, and to avoid big losses of course we must make good risk management.

[PIR]

Yes it is quite risky to invest in bitcoin more than you think it benefits you because sometimes the value is unpredictable and the fear of losing makes you panic and because you don't have control over it that's why you feel it that way.. but in due time when you believe you will also see the outcome.

[IndigoRed]

Whether the risks outweigh the benefits or not, it really depends on your standpoint. As a speculator who wants to make a profit, it can be risky given its volatility. But as a potential user, one who wants to make seamless online transactions, bitcoin truly is beneficial in the long run.

[posi]

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?

The risks of bitcoin match the benefits gained. And I think the greatest risk is panic within, and when panic is within you then the risk is close to you.

I agree to what you said because the things that affected or changed the thought of newbie concern Bitcoin are panic sell, not doing the necessary research and not asking question about something they need to avoid in other not to be a prey

[Pejoh Asu]

If you ask whether bitcoin investment is risky? then the answer is 100% yes, because we never know with the future bitcoin, but experienced by many users who have invested a few years earlier that bitcoin investment is very profitable.

[IL.Guerreiro]

No. The risk is just equal of making profit, the higher the risk is, the higher the chance to get profit. Too much risky than the chance of making profit is only possible of panic sellers and buying cryptos at the pick of its high price.

[kuto]

No. The risk is just equal of making profit, the higher the risk is, the higher the chance to get profit. Too much risky than the chance of making profit is only possible of panic sellers and buying cryptos at the pick of its high price.

Investing in Bitcoin is risky. But I don't believe that the risk is more then the benefit you get in the industry. Profit is the main reason why we invest and join crypto and by that risking is the best thing to do in order to gain more in the future.

[Sir Paijoe]

Can be said that currently bitcoin is a very risky thing, I suggest to be patient if you want to buy because I'm sure that the development of bitcoin will continue to improve even though today more and more negative news.