The risks of using Bitcoin

[Ridi]

Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.

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[Mr.sprin]

Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.

That's right, my friend, every action has a risk. Those who dare to take risks, usually that person will be successful, only those who fail are afraid to take risks.

[verita1]

The risk of money laundering is what makes me cringe at how damaging it can be.
I generally use CEX but it would be an unfortunate situation if someone uses one of these platforms with money to launder it.
I have not yet discovered cases that have occurred that give me a reference of how these actors can work. In each exchange I am always waiting to know who I am trading my bitcoin with.

[adzino]

The risk of money laundering is what makes me cringe at how damaging it can be.

So fiat doesn't cringe you? You do know that people uses fiat currency to launder money. It's the most easiest way right now for people to launder money. Did you know that people even launders money with gift cards?

I generally use CEX but it would be an unfortunate situation if someone uses one of these platforms with money to launder it.

You use banks right? Do you know that banks are also used for laundering money?

I have not yet discovered cases that have occurred that give me a reference of how these actors can work. In each exchange I am always waiting to know who I am trading my bitcoin with.

If you are worried, then trade with verified users only. P2P trading with verified old users with good number of trades are the safest one for you.

[Yamifoud]

The risk of money laundering is what makes me cringe at how damaging it can be.

Money laundering has already existed before Bitcoin, which comes with fiat? Maybe you will say that it has become rampant to such illegal activities since we can easily transfer BTC to the other without a trace from the authorities, I have to agree with that. And this is why some country leaders think that Bitcoin gives way to illegalities than helping the community. But the fact that there are several ways to make this money laundering, definitely we don't have the reason to totally put blame on Bitcoin.

[wiss19]

Bitcoin still has shortcomings such as lack of credit guarantee, poor security performance, and easy to cause deflation. At the same time, it has to face the competition of various emerging altcoins, and there is a greater
   risk of substitution! Although I think this possibility is very small.

When you talk about poor security performance, what exactly do you mean? Personally I think bitcoin is secure, and it is more secure than most of the cryptocurrencies you’re going to see (altcoins). And I have not had any issues while making use of bitcoin, nothing like wallet being hacked etc.

For your account to be hacked it’s likely going to be due to an act of carelessness or a mistake that resulted to leaking information that has to do with your private keys. So, that’s why you as a crypto user has to be careful when you’re making use of it, you have to make sure that you’re not giving out any information that will give people access to you.

[riso2015]

Thank you for providing good education in this forum. This is what beginners need and read if they just joined bitcoin. So that they can understand what risks will be experienced apart from the many opportunities. This is in function so that there are no haters in the future who are created from their ignorance of the risks of playing bitcoin.

[markdario112616]

The biggest risk of using Bitcoin is it's price. It's price is unpredictable anyone can't guess the future price of bitcoin it will lose or dump you can lose and earn from it but it is risky.

No if you just look at the value you will forget the real meaning of bitcoin.
The risk and also the unique feature of bitcoin is that it is "no regulation", Decentralization makes bitcoin invincible to exploitable weaknesses beyond psychology and panic from users. Only if it determines retroactively can availability be guaranteed.

Well, every price especially in Bitcoin are volatile or the Crypto industry itself is much more volatile than the regular stock market, it's expected. Everyone "CAN" guess using the Trade analysis, every data in the graph could give something, maybe good or bad indications.

Every investment comes with risks, there is no assurance that every investment you have would generate ROI. It's a matter of how you will play your on the market using the information and data you have.

[Dhaniii]

Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.

every investment there must be a risk but how do you minimize that risk. but the fatal thing is that when investing is wrong in choosing the blockchain where you invest so that whenever the blockchan has an accident or a scammer occurs, that's where you experience a loss.

[darmin]

Basically, the problem that we often face is the improper use of our speculation in determining the pace of Bitcoin. We as our own financial holders must determine when we should jump in to put our funds in and when we will withdraw our funds back.

[carrigan]

Bitcoin is known to have a high risk, one of the biggest risks in Bitcoin investment is its volatility. Bitcoin price fluctuations are so fast that they can change in the blink of an eye. No one knows when the price of Bitcoin will soar or even plummet. Both Bitcoins are not protected by any entity, so if you lose your Bitcoin, the service provider or 'Bitcoin network' cannot compensate you for the loss, therefore it is important that you use trusted products and service providers to help you, just like when you choose a bank to keep your money safe.

[noormcs5]

The biggest risk of using Bitcoin is it's price. It's price is unpredictable anyone can't guess the future price of bitcoin it will lose or dump you can lose and earn from it but it is risky.

If you plan to hold bitcoin for long term then it is not risky at all. Bitcoin price will grow over the period of time. Only if you are short term investor , then you may may to face some period where price may corrects to 30 or 40%. Also when more people use and adopt bitcoin, this volatility of bitcoin will be far less.

[DarkDays]

The biggest risk of using Bitcoin is it's price. It's price is unpredictable anyone can't guess the future price of bitcoin it will lose or dump you can lose and earn from it but it is risky.

No if you just look at the value you will forget the real meaning of bitcoin.
The risk and also the unique feature of bitcoin is that it is "no regulation", Decentralization makes bitcoin invincible to exploitable weaknesses beyond psychology and panic from users.

Bitcoin is more than just a decentralized coin, it is the symbol of all crypto and the first poof of a decentralized ledger based on the blockchain technology. It's limited supply of only 21M is what makes it valuable and the fact that so many miners, investors and supporters are devoted to its growth. Additionally, BTC is become the new 'gold standard' and naturally it's getting more and more attention as the digital alternative to asset preservation.

In other words, BTC is proof that people want decentralization and that the concept works better than the norm.

[rahmatullah9305]

If you think the risk is too big as you describe makes everyone stop using crypto. Especially when it comes to law. I'm just worried that bitcoin users are just speculating, have no trading knowledge and techniques. And I believe cryptocurrency in the future will be more developed and its users will also be more and more.

[jakdanyel]

The biggest risk of using Bitcoin could be the sudden and serious changes in the price. People who like to invest into Bitcoin should already be aware of this not to make irrational moves. Because panic sellers are always doing a huge mistake when they see Bitcoin price starting to decrease. They sell nearly all of their investment and it causes the market to have problems on fighting against the resistance levels.

[darmin]

every investment there must be a risk but how do you minimize that risk. but the fatal thing is that when investing is wrong in choosing the blockchain where you invest so that whenever the blockchan has an accident or a scammer occurs, that's where you experience a loss.
[/quote]

Knowing a good project must also be mastered to minimize risk. Choose a good Exchanger and the fundamentals of the coin. Don't hesitate to ask the forum and know what's on your mind to get answers to your problem solving.

[darmin]

The biggest risk of using Bitcoin could be the sudden and serious changes in the price. People who like to invest into Bitcoin should already be aware of this not to make irrational moves. Because panic sellers are always doing a huge mistake when they see Bitcoin price starting to decrease. They sell nearly all of their investment and it causes the market to have problems on fighting against the resistance levels.

Most beginners do this. The feeling of not knowing, the control of self-immature emotions, being a factor for beginners is difficult to think rationally.

[darmin]

Risk is everywhere even every platform Or feild . In bitcoin risk are scammers, frauds, wrong decision that can cause your goals. Sometimes these risks are benefits to being awareness of people.

That's right, my friend, every action has a risk. Those who dare to take risks, usually that person will be successful, only those who fail are afraid to take risks.

It's just that we also have to have a basis to take the right time to take action when there is a price movement that we consider a long-awaited opportunity. Though we do not know yet, whether it is a pure price, whether there is a cukong that is moving the price.

[Abiky]

The biggest risk of using Bitcoin could be the sudden and serious changes in the price. People who like to invest into Bitcoin should already be aware of this not to make irrational moves. Because panic sellers are always doing a huge mistake when they see Bitcoin price starting to decrease. They sell nearly all of their investment and it causes the market to have problems on fighting against the resistance levels.

Volatility is a huge risk one must consider before going all in on Bitcoin. If you're planning to use Bitcoin as you would with Fiat, then I'd suggest you look elsewhere. But if you're planning to use Bitcoin as a long-term store of value, then you're in the right place.

As we all know, Bitcoin is not a perfect cryptocurrency. It has its flaws and weaknesses just like any other payment system. You should know about the risks involved when using Bitcoin in order to avoid many undesired situations in the long term. Not many people can bear with these risks, so they choose Fiat on top of crypto for daily payments. I wouldn't worry about this, as long as there's a loyal community behind the project. With decentralization and censorship-resistance in mind, Bitcoin will last for a very long time. Just my opinion

[EdenHazard]

The biggest risk of using Bitcoin could be the sudden and serious changes in the price. People who like to invest into Bitcoin should already be aware of this not to make irrational moves. Because panic sellers are always doing a huge mistake when they see Bitcoin price starting to decrease. They sell nearly all of their investment and it causes the market to have problems on fighting against the resistance levels.

Volatility is a huge risk one must consider before going all in on Bitcoin. If you're planning to use Bitcoin as you would with Fiat, then I'd suggest you look elsewhere. But if you're planning to use Bitcoin as a long-term store of value, then you're in the right place.

As we all know, Bitcoin is not a perfect cryptocurrency. It has its flaws and weaknesses just like any other payment system. You should know about the risks involved when using Bitcoin in order to avoid many undesired situations in the long term. Not many people can bear with these risks, so they choose Fiat on top of crypto for daily payments. I wouldn't worry about this, as long as there's a loyal community behind the project. With decentralization and censorship-resistance in mind, Bitcoin will last for a very long time. Just my opinion

it still has a risk. everything has a risk in it.

true. even you are using bitcoin to store value, you will get scared mad whenever you bought 1 bitcoin worth $53k now and seeing it falls down to $3k in just a couple weeks. crazy crypto world, first thing first you should really understand the whole cryptocurrency concept and then you aren in the right place to get that risk along with the opportunity to get plenty advantages.