terrific
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 07:41:00 PM |
|
disadvantage of having it
*The high volatility attach to it can be very risky.
How can this be a disadvantage for bitcoin when you first invest on it, this has been so visible? Most people need to stop telling others that volatility is a disadvantage. Let us remove the volatility of Bitcoin and see if most people will agree that it is the greatest investment of all. It won't even be called and investment if there's no volatility on it.
|
|
|
|
CryptopreneurBrainboss
Legendary
Offline
Activity: 2352
Merit: 4226
eXch.cx - Automatic crypto Swap Exchange.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 09:16:03 PM |
|
disadvantage of having it *The high volatility attach to it can be very risky.
Let me concentrate on the risk since alot of users will be looking for feedback on this side of the discussion. You might see those things to be disadvantages but they're aren't so bad. Example, the volatility of the price of Bitcoin isn't entirely bad when you understand it and know how to take advantage of it. While you get scared when Bitcoin prices drops others that are smart and wise sees it as an opportunity to increase their stash or make more profits by selling (buy low, sell higher). Mind you, you don't lose if you don't sell. The volatility only affect you when you're after the short gains but those hodling for long term don't get distracted by the volatility of the market. * It's not generally accepted by all. It's just a matter of time before that narrative changes, the population that could use Bitcoin frequently in the past can't be compared to the present because more vendors and merchants are accepting Bitcoin and this number will keep increasing. Fiats of other countries aren't generally acceptable by all too and other digital currencies so this isn't only a Bitcoin problem. * It can be stolen if your system is hacked. * It's almost near impossible to retrieve if sent to the wrong address.
With great power (decentralization) comes great responsibility (been in control of your finances). If you're careful you won't suffer any of this problem. Keep you coins stored off exchange, in open source non constodial wallets and keep your sensitive wallets information off the net and in places that evil doers can get hold off and you're good.
|
|
|
|
Renampun
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 09:57:16 PM |
|
disadvantage of having it
*The high volatility attach to it can be very risky.
How can this be a disadvantage for bitcoin when you first invest on it, this has been so visible? Most people need to stop telling others that volatility is a disadvantage. Let us remove the volatility of Bitcoin and see if most people will agree that it is the greatest investment of all. It won't even be called and investment if there's no volatility on it. Honestly, people who think that bitcoin price volatility is detrimental to them, are people who have never felt a profit from investing in bitcoin, they think that profit can only be obtained from continuous increases, even though in fact profits can also be obtained from decreases of bitcoin price, well usually smart investors will use the DCA method to accumulate the bitcoin they have, bitcoin will always be volatile and that will always be the nature of bitcoin.
|
|
|
|
taufik123
Legendary
Offline
Activity: 2618
Merit: 1805
Rollbit.com | Crypto Futures
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 10:25:41 PM |
|
Honestly, people who think that bitcoin price volatility is detrimental to them, are people who have never felt a profit from investing in bitcoin, they think that profit can only be obtained from continuous increases, even though in fact profits can also be obtained from decreases of bitcoin price, well usually smart investors will use the DCA method to accumulate the bitcoin they have, bitcoin will always be volatile and that will always be the nature of bitcoin.
Considering Bitcoin volatility as a disadvantage, of course, they do not understand how Bitcoin works. Even with this volatility, we can take advantage of it by taking advantage of every price movement. Those who trade both ways or futures can take advantage of every rise and fall by using the leverage set to make a profit, or by doing DCA when the price falls and buying it for the long term. Without volatility, there will be no benefit. As the price of gold tends to be slow volatility, it takes a very long time to provide quick profits, but with crypto or Bitcoin profits will be obtained quickly, but the risk is certainly also greater.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
EFS
Staff
Legendary
Online
Activity: 3822
Merit: 2123
Crypto Swap Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 10:34:35 PM |
|
disadvantage of having it
*The high volatility attach to it can be very risky. * It's not generally accepted by all. * It can be stolen if your system is hacked. * It's almost near impossible to retrieve if sent to the wrong address. As long as you don't actively trade you don't have to check the price every day. Volatility is irrelevant if your investment is long term. Who cares if it's not accepted by all? Majority of people heard Bitcoin in this 14 years and that's a great achievement if you look at the bigger picture. I don't know any other monetary system that is successful in such short time. Your money may be stolen in different ways, it's not just about hacks. We know even banks are not safe. Sending coins to wrong address is the only problem I see in your list. You have to be careful about sending and triple check the whole address.
|
|
|
|
bayu7adi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 10:53:15 PM |
|
Since nothing is 100% perfect, storing assets in the form of Bitcoin is not a bad choice. It's about one's compatibility with the type of asset they own. If someone feels that they don't align with the characteristics of Bitcoin, it means it's not the right market for them. Even if some people consider banks better, they also have many shortcomings that are accepted by some.
The advantages of Bitcoin compared to other currencies or assets are very fitting for me, which is why owning Bitcoin is more attractive than keeping too many assets in a bank account. Privacy and security are also considerations for me when it comes to owning Bitcoin; it's more satisfying than excessively exposing our data and financial history to banks. Being mysterious can be quite enjoyable.
|
|
|
|
serjent05
Legendary
Offline
Activity: 2940
Merit: 1270
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2023, 11:01:46 PM |
|
*The high volatility attach to it can be very risky. This is not a problem if you are a long term holder * It's not generally accepted by all. It is the same as other national currencies, they are not accepted by all and is need to convert to other currency in order to be accepted. Bitcoin is no difference so this is also not a problem at all. * It can be stolen if your system is hacked. This can be solve by understanding how to safely stored Bitcoin. If one is knowledgeable enough, he can keep his BTC for eterntiy and not get hacked. * It's almost near impossible to retrieve if sent to the wrong address. So we better double check to triple-check things before sending any transction. Careful checking can solve this problem and be aware of the malware that modifies clipboards. advantages of having it
* It can make you filthy rich during the bull run. At the current situation, unless you invested millions, you can earn millions too but if one invest only a penny, there is no way that person can be filthy rich.
|
|
|
|
Volimack
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 462
Merit: 13
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2023, 01:39:01 PM |
|
Risk is when you invest without knowing anything. Knowing all the right strategies and using a secure wallet to hold bitcoins will reduce the risk and keep the money safe. Bitcoin investment is more profitable with less risk of halving. The rate at which bitcoin investment volumes are growing has guaranteed a huge upside rather than a halving. Everyone has high expectations for bitcoin investment.
|
|
|
|
ancafe
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 04:01:01 AM |
|
Yes, exactly. When we fail to invest in bitcoin completely it is only our own fault, there is no fault with bitcoin. Because bitcoin technology is so perfect, even bitcoin is freedom because no one can control it, who can control each of us, so be wise in using bitcoin, especially regarding wallet security.
So it is true that before investing in Bitcoin we have to study in more detail first so that there are no mistakes that result in losses to ourselves. It could be said that the risk of Bitcoin depends entirely on us in maintaining and using it. Moreover, there are many benefits that we can get from investing in Bitcoin.
Which makes people wiser in investing because of their knowledge and including how someone can make the security of bitcoin storage much more guaranteed. When people have limited knowledge, they are worried about storing bitcoins on an exchange and the reason is because they think exchanges and wallets are the same. For this reason, when someone has the desire to invest, they need to learn how to invest correctly and also how to choose a safe wallet as a place to store bitcoin. Everyone who experiences losses on bitcoin is due to lack of knowledge because bitcoin is a pretty perfect move if people do it right. Both losses due to the decline process that makes them sell bitcoins and the loss of bitcoins are caused by the level of security of the wallet used and all of this is caused by shallow knowledge.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
gabbie2010
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 10:01:41 AM |
|
There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it. disadvantage of having it
*The high volatility attach to it can be very risky.
* It's not generally accepted by all.
* It can be stolen if your system is hacked.
* It's almost near impossible to retrieve if sent to the wrong address.
High volatility of price is not a risk to me as far as being a hodler or an investor is concerned you can only have a price drawdown which wouldn't exceed 50% of the total investment if there is a massive dump in the price of Bitcoin, while in the case of not generally acceptable globally that is not a disadvantage in as much as I can sell the Bitcoin to fiat via P2P that problem had been solved of course this wouldn't take much of the time in performing the transaction, Hackers getting access to one Bitcoin is or can be linked to hodler carelessness of course there is cold wallet as well as hardware wallet which are proven to be secure moreso it not advisable to store your Bitcoin in an exchange, the fact that Bitcoin is irretrievable is also the sender carelessness.
|
|
|
|
Blitzboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 12:44:12 PM |
|
Yes, exactly. When we fail to invest in bitcoin completely it is only our own fault, there is no fault with bitcoin. Because bitcoin technology is so perfect, even bitcoin is freedom because no one can control it, who can control each of us, so be wise in using bitcoin, especially regarding wallet security.
So it is true that before investing in Bitcoin we have to study in more detail first so that there are no mistakes that result in losses to ourselves. It could be said that the risk of Bitcoin depends entirely on us in maintaining and using it. Moreover, there are many benefits that we can get from investing in Bitcoin.
Which makes people wiser in investing because of their knowledge and including how someone can make the security of bitcoin storage much more guaranteed. When people have limited knowledge, they are worried about storing bitcoins on an exchange and the reason is because they think exchanges and wallets are the same. For this reason, when someone has the desire to invest, they need to learn how to invest correctly and also how to choose a safe wallet as a place to store bitcoin. Everyone who experiences losses on bitcoin is due to lack of knowledge because bitcoin is a pretty perfect move if people do it right. Both losses due to the decline process that makes them sell bitcoins and the loss of bitcoins are caused by the level of security of the wallet used and all of this is caused by shallow knowledge. Exchanges and wallets are different. Exchanges handle transactions, wallets store. This distinction is critical to security. Understanding this improves investment intelligence and reduces Bitcoin storage stress. Insufficient information causes Bitcoin's volatility-related losses. Well-informed investors anticipate market volatility and plan accordingly. This goes beyond knowing when to purchase or sell to comprehending the bitcoin market's fundamentals. Security concerns are real, but misinformation exaggerates them. Carefully selecting a secure wallet greatly decreases dangers. Continuous learning and careful decision-making should lead our Bitcoin journey, maximizing potential while limiting risks.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Yatsan
Legendary
Online
Activity: 2492
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 12:54:14 PM |
|
Just a normal set of things for Bitcoin investors. Actually those things mentioned by OP is also present with other assets and investments; it is just that volatility and risk are higher with Bitcoin and other cryptos. Risk is when you invest without knowing anything. Knowing all the right strategies and using a secure wallet to hold bitcoins will reduce the risk and keep the money safe. Bitcoin investment is more profitable with less risk of halving. The rate at which bitcoin investment volumes are growing has guaranteed a huge upside rather than a halving. Everyone has high expectations for bitcoin investment.
No matter how knowledgeable you are, as long as there's no assurance of profit then there would be risk. Knowledge can only lessen the risk present but will never make it vanish to any investment.Expectations toward Bitcoin investment on the other hand, is due to what we have witnessed over years.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Solokan
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 546
Merit: 278
Rollbit.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 01:22:13 PM |
|
yes the high volatility inherent in bitcoin definitely causes risk, but that is what makes people interested in btc because of the high volatility or because of price fluctuations.
In my opinion, even though it is not generally accepted, it is certainly not a problem, in fact we are the lucky ones who got to know BTC before it was popular, so we have good potential in the future.
Of course, theft always exists in the online and offline world and of course that is the risk of having property and of course any property that if we cannot protect it has the potential to be stolen, including BTC. and of course we must do our best to protect our assets.
Of course, there is always a risk in any case, so what must be prioritized is knowledge, experience and being ready to take risks.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
|
|
|
Z-tight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 01:33:10 PM |
|
The problem with the op is that they only see BTC as an investment opportunity, so if you want to use BTC as an investment, you must be ready to handle the risks, because there is no investment without risk. But if you are looking at BTC for what it was created, and that is as a p2p electronic cash, then the major risk is losing your coins, especially when the person does not have the knowledge needed to store it safely. There is low risk in bitcoin halving. Because we know the block of bitcoin half and the price of bitcoin increase. 2024 bitcoin halving is target halving for all bitcoin investor. Because every one expecting to go for high and get huge profit. That halving is the game changer for old and new investors. So go on cleverly with your experience and knowledge.
I understand that you are enthusiastic about BTC halving, but if you are buying BTC because of only that, don't forget to buy just what you can afford to lose, and also learn the basic about the network so that you do not lose your funds.
|
|
|
|
Samlucky O
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 01:37:42 PM Merited by fillippone (1) |
|
There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it. disadvantage of having it
*The high volatility attach to it can be very risky.
No matter how you put it, the advantages is still more better than the disadvantages. Volatility you made mention of was not specific. We have low and high volatility. High volatility: it gives us the room to make profit when the market is green. Or better still high volatility is the reason why most investors put there money in bitcoin. I think if no high volatility no body would have been able to invest in bitcoin or crypto currency. Low volatility: it's gives people the room to invest when it's dip. Low volatility helps many who could not afford to buy Bitcoin when it's high to buy when it's low and makes profit when it's high and that is the more reason why people love bitcoin. If it were to be no volatility like USDT I don't thing people would have loved to buy it. * It's not generally accepted by all.
Yes I quit agree with you, but that is the need of CEX. You can convert it to via Fiat and use for other porposes. Many people who are in this forum here, in there country they don't accept crypto currency but still they are bitcoiners. * It can be stolen if your system is hacked.
It can only be hacked or stolen if you reveal your pass phrase to people either from your carlesness or by mistake. * It's almost near impossible to retrieve if sent to the wrong address.
Yes that the dreaded part in all. Since it is not showing the name of the recipient like local bank, that is the more reason we have to be extra careful when sending bitcoin to an address. Make sure you cross check and be sure before sending bitcoin to and address before sending it to a wrong address.
|
|
|
|
Rabata
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 02:11:19 PM |
|
High volatility is the only reason people are attracted to Bitcoin from various trading platforms. While some see this volatility as a risk, others love Bitcoin for it. I think those who can exploit this volatility well will succeed here. Those who invest definitely have to take that risk. All the difficulties you have shown can happen if an investor decides to invest in Bitcoin without having sufficient knowledge of Bitcoin or if he does not know well how to store Bitcoin and keep it safe. We have to remember that the work that everyone can do is not more valuable. Bitcoin is a highly volatile currency for those who know this and with having the risk investing in it, Bitcoin will be a golden opportunity for them.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
Omahabit
Newbie
Offline
Activity: 24
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 04:57:54 PM Last edit: December 18, 2023, 05:17:08 PM by Omahabit |
|
There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it. disadvantage of having it
*The high volatility attach to it can be very risky.
We should all understand that without up and down in life there is movement (profit or loss). The volatility of bitcoin brings about the sweetness of the game. as we all know, everything in life is a game. Every successful investment comes first with knowledge of it. Most of the listed disadvantages will be minimized if the investor or holder of bitcoin is aware of the pros and cons of bitcoin. if we look it from another angle, alot of investors are attracted to bitcoin because of its high volatility, which can make profit within short period of time. The bottom line is knowledge help you to stay ahead of time in the game of Cypto.
|
|
|
|
uneng
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 05:44:02 PM |
|
We should all understand that without up and down in life there is movement (profit or loss). The volatility of bitcoin brings about the sweetness of the game. as we all know, everything in life is a game.
The volatility of Bitcoin has prove to be only a disadvantage on short run, because when we look its history, we see the price has been constantly increasing along the years, thanks to the volatility. For that reason, I conclude volatility is in fact another advantage of Bitcoin, which has already proportionated many investors to grow their small investments into considerable sums of money enough to purchase cars, houses, apartments and fulfill their dreams, while more wealthy investors have become millionaires thanks to the digital currency. Volatility can be a great ally of your investments, if you are a patient investor who focus your goals on long term. Although it can disastrous if you are impulsive and addicted to follow price fluctuations in a daily basis, what will inevitably trigger fear, uncertainity, anxiety and a desperate impulse to sell your coins before the right time.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Mame89
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2023, 06:22:48 PM |
|
Which makes people wiser in investing because of their knowledge and including how someone can make the security of bitcoin storage much more guaranteed. When people have limited knowledge, they are worried about storing bitcoins on an exchange and the reason is because they think exchanges and wallets are the same. For this reason, when someone has the desire to invest, they need to learn how to invest correctly and also how to choose a safe wallet as a place to store bitcoin.
Everyone who experiences losses on bitcoin is due to lack of knowledge because bitcoin is a pretty perfect move if people do it right. Both losses due to the decline process that makes them sell bitcoins and the loss of bitcoins are caused by the level of security of the wallet used and all of this is caused by shallow knowledge.
Totally agree with you. The first point in investing in bitcoin is the need for basic knowledge about bitcoin, especially about storage and security levels of bitcoin wallets because without knowledge our investment is useless, even when bitcoin experiences a decline it makes us panic and without thinking we sell bitcoin. Even though bitcoin has high volatility, if we have sufficient knowledge we will not sell it and make bitcoin a long-term asset. Actually, there are many places to learn about Bitcoin in this technological age, but sometimes many people are too lazy to read and find out. They only know bitcoin as a short-term investment, but few know that bitcoin is an investment for the future. And of course, without their knowledge, they will think that storing bitcoins on an exchange is safe, even though this is very dangerous. So in essence, investing in Bitcoin is very important in science.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | | | [ | 1,000x LEVERAGE | ] | [ | . COMPETITIVE FEES | ] | [ | INSTANT EXECUTION | ] | | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████████████████████████████████████████ . TRADE NOW . ████████████████████████████████████████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ |
|
|
|
ancafe
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 19, 2023, 01:27:24 AM |
|
Exchanges and wallets are different. Exchanges handle transactions, wallets store. This distinction is critical to security. Understanding this improves investment intelligence and reduces Bitcoin storage stress.
Insufficient information causes Bitcoin's volatility-related losses. Well-informed investors anticipate market volatility and plan accordingly. This goes beyond knowing when to purchase or sell to comprehending the bitcoin market's fundamentals.
For those who know, it's clearly different, but for those who don't know, perhaps the function of both is considered the same, that's why I say that when people want to get involved in investing, they should learn to understand it first so they don't fail to understand the difference between the two. The volatility of bitcoin can bring someone to the stage of panic, even people who have been investing in bitcoin for a long time also experience panic in this condition, but the difference is that they know how to overcome it. Therefore, it is very important to learn first before jumping directly into investing so as not to experience losses due to shallow knowledge. If investments are made correctly, Bitcoin will not harm anyone as long as people know how to run it or store it in a much safer wallet. Security concerns are real, but misinformation exaggerates them. Carefully selecting a secure wallet greatly decreases dangers. Continuous learning and careful decision-making should lead our Bitcoin journey, maximizing potential while limiting risks.
Security is indeed quite important because without us realizing it, a small mistake can result in someone experiencing big losses, especially if the wallet used does not have a good and guaranteed level of security. I found every solution on this forum and was lucky enough for those of us who know this forum to learn to understand how to invest and get to know a wallet that is much more guaranteed in terms of security.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
|