Bitcoin have more risks than benefits?

[Lambe Ndumble]

Of course, there are many risks in bitcoin, but this is only the beginning, the beginning always contains many risks. for bitcoin and blockade in the future

For now everyone agrees that bitcoin investment is risky, the amount of media that preaches negative makes many users panic and this becomes the biggest test of bitcoin.

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[Sanugarid]

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?

That can be true but we all know that the greater the risk there is, the greater the chances we can get a big reward. Ever since you've entered bitcoin, you should already know how risky it is knowing that you are staking great amount of money for investments that are not completely certain. You can only either win or loose in here and if you are smart and wise enough, you will probably win most of the time.

[mkcube]

Yes thats true the bigger the risk the bigger chances we can get reward. Befire i join bitcoin i know that risky investment, the social media that gives negative edfext that makes the users panic and this also become as ine of the risky part.

[PelevaVika]

The advantages are much greater than the disadvantages. For example, it can be very good to earn.

[removebeforeflight]

I can put up in another way "There is no big profit or big things achieved without risk". Yes, there is risk in Bitcoin due the price volatility but that is very common on share market which is run by many populists and the same volatility occurs for their fiat money in trade as well. There is common problem for anything which has money involved but that is not the biggest problem I think.

[KingOfWinterfell01]

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?

We are approaching a life filled with digital things. With digital things in mind, we should adapt and live a digital life as well. Digital lifestyle requires digital currency and bitcoins are very beneficial for that matter. Bitcoins are essential to a digital lifestyle. That is why it is important to have bitcoins now before it becomes very expensive in the future.

[Star_Bucks]

the bitcoin is bad now, but I think it will change, because the longer the bitcoin changes, and we also have to remember that once the bitcoin was once the best and has tremendous benefits. so we do not look at bitcoin just one eye.

I think bitcoin will change, because the more risk to come the more tremendous benefits will happen just be positive in bitcoin because many things will happen.

[Star_Bucks]

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.

In every success, one should take a risk. And Bitcoin is the risk that will lead us into succes. Don't lose the chance. Grab the opportunity.  Be a risk taker. Be successful.

[Patricia Joness]

Very low transaction Fees, I mean standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low.

[Escan0r]

Every step if we want to invest is a lot of risk that we can and if you want to invest in my opinion you should have a lot of knowledge about the place you want to invest it.

[bettyjcrouch]

Bitcoin gives an opportunity for an ordinary person to access the world's plethora system bypassing banks and verifying the identity. Risks in bitcoin are less than in the entire banking system

[mak2017]

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

Well there won't be no blockchain without a bitcoin, so this statements are nothing else as rubbish to me.
Banks will never accept bitcoin like fiat i think, and they have a reasonable arguments not to do so.
Mostly because bitcoin and whole crypto is incompatible with current bank system, and couldn't be applied that easily without necessary paperwork, and regulations.

[jerjer]

I disagree. Bitcoin has more benefits , just buy it in a dip and hold for a long term like 1 year. Dont be a weak hand and You will see how big profit you made than saving from the bank. But not advisable all your money invest in bitcoin.

[thepers0n]

In my opinion  Bitcoin is  strong and has more advantages. Of course there are a lot of altcoins right now but BTC is still the most valuable and expensive currency. So it will rise and give more benefits

[LynielZbl]

Well there is no denying that bitcoin is very much risky especially that it is a digital currency and has a high volatility. however, despite all these, i still can see so much benefits from bitcoin like its capacity to become an investment and at the same time a currency. other than that, it can also be used in certain transactions and a way to transfer money securely.

[Ronaldcoin2017]

Well there is no denying that bitcoin is very much risky especially that it is a digital currency and has a high volatility. however, despite all these, i still can see so much benefits from bitcoin like its capacity to become an investment and at the same time a currency. other than that, it can also be used in certain transactions and a way to transfer money securely.

I believe that bitcoin is not much risky as what they said. The risk of the bitcoin is really depend on the decision of its holder. It is really risky if we don't have big patience and we can easily drop it down during we got panic, if we don't have a strong hands to hold and sell it with a verry cheap price we are surely lose an amount of profit and that's why bitcoin called risky, but I think the bitcoin risk is really depend on us.

[Set02222]

Bitcoin has both,  if you believe that it has more risk than benefits then it is good investment,  the general rule for investment is,  the higher the risk,  the higher the return. 
All investment has a risk you just need to know how to manage it. This is a long and stressful game.

[Watchy312]

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.

[Mentari78]

I think bitcoin has decentralized benefits because it is spread across thousands of miner servers, which causes the risk of data loss to be minimal, as there are copies of data on other servers. In addition, the threat of losses will also be experienced bitcoin users, because no one controls and is responsible for the virtual currency.

[Compiler]

Why invest in bitcoin? The bitcoin is like gold, limited, and some people thinks that is absurd, something like that can't be worth much money as well. There are about 20 million BTC approximately, and increasingly less and more difficult to extract