Bitcoin portrays less risk of financial transaction than other investment system

[EluguHcman]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?
Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

Have an Insight if aside being scammed which is common in all financial systems and the inefficient exposure of a Bitcoin investor which is also a threat and common to some other influential sector of investors who loose guards from keeping their financial portfolios private to the public, what other risk is involved in the Bitcoin transactions?

Imagine the other business sectors especially those that has to do with a physical negotiation before building trusts for transactions. 😏

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[Ruttoshi]

Actually, using bitcoin for transactions or when buying or selling through p2p in an exchange is very easy and safe, especially when you are trading with a reputable trader. But you shouldn't also fill that there will be no possibility of a trader scamming you, because I have seen this so many times, when a merchant from an exchange wanted to scam me but I was smart enough to know that he is a scammer, which I reported him to the exchange and he was blocked. One need to be careful when using exchanges so that fall into the hands of scammers

As for the easy payment and successful transaction using bitcoin is good, because bitcoin was designed to be cashless, and whatever dealings that you are using bitcoin for will be cashless, easy and fast because you cannot touch or feel bitcoin.

[Apocollapse]

For people who're not interested with technology, they will find it hard to convince themselves if Bitcoin is safe and they're careless when it comes to privacy and security.

1. They might be not aware with the difference between Bitcoin and Testnet Bitcoin.
2. They might be not aware if unconfirmed transactions can be double spends.
3. They might be not aware if publicizing their coins to social medias will increase the risk of getting phished.
4. They might be not aware if clicking random links and install too many software increase the chance of getting compromised; etc.

[ultrloa]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?
Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

Have an Insight if aside being scammed which is common in all financial systems and the inefficient exposure of a Bitcoin investor which is also a threat and common to some other influential sector of investors who loose guards from keeping their financial portfolios private to the public, what other risk is involved in the Bitcoin transactions?

Imagine the other business sectors especially those that has to do with a physical negotiation before building trusts for transactions. 😏

For trading maybe its not the safest since you also need to consider how volatile of the market and anytime the price of bitcoin changed. If you are not trained well on how to trade it and you only got a little knowledge about this then provably you might get affected if certain unexpected movement came. Remember that to many people lose their money due the volatile nature of bitcoin so they should not expect anything easy of it especially if they are going to trade for short trade or even try futures trading.

But if they are into long term hold and think about investing for bitcoin for long term without having any plans touching it then maybe we can say it really is since we can just use DCA method then wait for long time without getting affected whatever might happen to market because we have big goals for future. For transaction I guess bitcoin is really good option not unless the price surge high since for that situation I don't like to use bitcoin if I need to pay huge fee just to push some transaction using it.

[MusaMohamed]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?

Investment is not trading so safest investment is not safest trading. It's a wrong talk.

Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

Bitcoin network has very high hash rate and decentralized too so it's super hard to successfully have a 51% attack on Bitcoin network.

Basically if your Bitcoin transaction has 1 confirmation, it's safe. If your fund is big, you can wait for 3, 6 confirmations and even more. 6 confirmations equal to about 1 hour of waiting time, as 1 block is about 10 minutes.

If your fund is bigger, wait for like 12 or 24 confirmations and you will have no worry about safety of the trade.

How Many Bitcoin Confirmations is Enough?

If you are patient enough to wait for at least one confirmation then you are no longer vulnerable to race attacks or Finney attacks. Now your only concern is 51% attacks. What's the rule of thumb for an acceptable number of confirmations?

• 1 confirmation: sufficient for small payments less than $1,000.
• 3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
• 6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
• 10 confirmations: suggested for large payments greater than $1,000,000.

[_act_]

1. They might be not aware with the difference between Bitcoin and Testnet Bitcoin.

That is why it is good to use a good wallet. An example is Electum. If someone use a testnet wallet on Electrum, it will tell the person that the person is in testnet mode and that testnet coins are worthless. Also indicating that testnet is separate from the main bitcoin network and that it is used for testing.

It is true that everything in life is risky be it bitcoin or the traditional financial system. It is people that should learn about how they can avoid scammers if they do not want to be scammed.

[Riginac111]

Actually, using bitcoin for transactions or when buying or selling through p2p in an exchange is very easy and safe, especially when you are trading with a reputable trader. But you shouldn't also fill that there will be no possibility of a trader scamming you, because I have seen this so many times, when a merchant from an exchange wanted to scam me but I was smart enough to know that he is a scammer, which I reported him to the exchange and he was blocked. One need to be careful when using exchanges so that fall into the hands of scammers

As for the easy payment and successful transaction using bitcoin is good, because bitcoin was designed to be cashless, and whatever dealings that you are using bitcoin for will be cashless, easy and fast because you cannot touch or feel bitcoin.

Before existence of exchanges in my country Nigeria what's no we normally do concerning bitcoin exchanges is through, P2P that will normally use for exchange or transaction of Bitcoin before arrival of exchange become popular so awesome that time we don't have any distrust from anyone that want to transfer with you because you must to see the person before you transfer to the person I don't know if any other person loss their bitcoin through search scenario but it was what we are using to thread Bitcoin as of that time before begin to see a different exchange and where you can read your Bitcoin without any problem, I know bitcoin for long time but I don't know where I will get more knowledge of Bitcoin like this bitcoin community, so since I'm here I've gotten different experiences of exchange which is someone can trade with not going through p2p because as on that time what is the main really important is to sell your Bitcoin because it is hard for you to find a buyer.

[Dunamisx]

what other risk is involved in the Bitcoin transactions?

Imagine the other business sectors especially those that has to do with a physical negotiation before building trusts for transactions.

In every business we do, there's risk involved, but what the people want is in going for something that has the least tendencies of taking risk that could lead to loosing their entire financial investment, which in cryptocurrency, bitcoin has been the most reliable investment and digital currency worth their investment and they can as well make profitability in with little or no risk attached unlike the other cryptocurrencies and fiats, but we must also have to know what we are doing, we cant afford to do the wrong things and expect the maximum output, but when we are knowledgeable, we avoid making mistakes and do as accordingly for our safety with bitcoin.

[Despairo]

Yeah Bitcoin is the most safest when it comes to safety and security, but make sure they're hold their coins in either air gapped wallet or hardware wallet. If they're hold their coins in hot wallet, it completely ruins the safeness in Bitcoin.

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?

Investment is not trading so safest investment is not safest trading. It's a wrong talk.

I think he meant "exchanging", although "trading" also fits the definition, but it could confuse some people when the topic discuss about a volatile asset.

[Rockstarguy]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading

Hmm. I will say Bitcoin is safe only when one have a good understanding about it. It is easy for people that lacks  good knowledge about Bitcoin to easy lose their money. Money can still be lose when one is not using a good wallet for storing bitcoin and it is possible for one to lose bitcoin to scammers if their is no knowledge about how scammers operates. Bitcoin is safe based on how much understanding people have gotten to keep their money safe.

It is important for beginners to gain much knowledge about Bitcoin before trading or to invest in it, the mistake we make the leads to the lose of bitcoin is because we have no knowledge.  Knowledge about Bitcoin is really important thst can't be taking for granted , learning everyday is a way of keeping bitcoin safe. People who rush into bitcoin without having better understanding can easily lose their money in different ways.

[Die_empty]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?
Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

It is important to state that the P2P transaction that is carried out in platforms like Binance are centralised so you cannot claim to be anonymous. Using these centralized platforms doesn't protect you totally from physical attacks because one can have access to your personal information. But you will enjoy a level of anonymity if you use decentralized exchanges and use other privacy tools.

Have an Insight if aside being scammed which is common in all financial systems and the inefficient exposure of a Bitcoin investor which is also a threat and common to some other influential sector of investors who lose guards from keeping their financial portfolios private to the public, what other risk is involved in the Bitcoin transactions?

Imagine the other business sectors especially those that has to do with a physical negotiation before building trusts for transactions. 😏

Some people see the irreversibility nature of Bitcoin as a problem. They want a system that could give the option to cancel confirmed transactions. But they fail to understand that this is what makes Bitcoin safe and unique. This is why some persons are investing in Bitcoin through the ETF because they enjoy some of the privileges that centralized platforms offer.

[Hamza2424]

First of all, investment and trading or I would say safest investment and trading are not terminologies to be discussed in the same light because there's a huge gap in their fundamentals. We cant relate investment opportunities as an asset to the trading. i think we should acknowledge this don't he base level

At the same time when It comes to the attributes and pros of the technology the proper understanding and education are required for the efficient use of that technology to prove the merits of  that particular technology, as you've mentioned the security of the P2P transection on the Bitcoin is physically threatless, on the same time you need a proper awareness regarding the digital threats, wallet compromise, custody, phasing etc etc on the same time, Human error is a big threat as well.

Consdier you've entered a wrong a public address or selected the wrong netweok for the trasection ow the millions of dollars are gone forever. What I'm trying to say is the proper education dn guidenace is required to utilize the system dn still may of the people are unaware of the system so to fully acknowledge Bitcoin as a safest investment and utility still there's room for educating people by having regular discussions on every medium.

[CryptoHeadlineNews]

Yes, it's true that Bitcoin posses less risk when compared to other financial assets, as it has proven to be an asset, the longer it stays the more it becomes worth of more value due to it's volatile nature, scarcity, and increase in demand each time it's price skyrocket high, because unlike our traditional bank, Bitcoin is the only asset whereby a $100 investment could skyrocket to up to $1000 or even more due to it's long term profit assurance, not found in any other assets such as gold and e.t.c. Hence, Bitcoin remains the best asset for future investment.

[blckhawk]

I don't know if everyone can agree about this because if you look at it in a perspective where you're not an investor of bitcoin and you're a normal person that doesn't know how to invest in bitcoin then you're going to have a hard time understanding how it all works and when you look at the investment choices, you're going to likely choose the one investment that's got a name or a people that's operating behind it known to the world and that's not possible with bitcoin because Satoshi is an alias and so with that little information, you're going to be having some doubts choosing bitcoin as an investment despite all the profit potential because you're doubtful about the existence of it and the lack of identity for the creator. What I'm trying to say is that it's not true for everybody that bitcoin has less risk if you don't have an interest in it.

[Helena Yu]

I don't know if everyone can agree about this because if you look at it in a perspective where you're not an investor of bitcoin and you're a normal person that doesn't know how to invest in bitcoin then you're going to have a hard time understanding how it all works and when you look at the investment choices, you're going to likely choose the one investment that's got a name or a people that's operating behind it known to the world and that's not possible with bitcoin because Satoshi is an alias and so with that little information, you're going to be having some doubts choosing bitcoin as an investment despite all the profit potential because you're doubtful about the existence of it and the lack of identity for the creator. What I'm trying to say is that it's not true for everybody that bitcoin has less risk if you don't have an interest in it.

Absolutely agree with you.

A lot people heard Bitcoin, many people try to search the definition, few people try to find a way to buy Bitcoin, but only one person is really buying.

Most of Bitcoin holders are rich because only the rich can afford to take a risk with high volatility asset, but there are many poor or middle class people now hold Bitcoin, because they're either get reward from airdrop or joining a signature campaign, it makes them able to know the power of Bitcoin.

[kentrolla]

Your mixing up to different things over here because trading and investment are two different aspects. I would say Bitcoin in the safest investment when it comes to Crypto currency and yes even for trading it's one of the safest as it eliminates the risk which you have mentioned, but it's not for noob who don't know how to handle it as people can be easily scammed if they fall for scams online like sharing the seed phrase and other sensitive data. If people are educated about Bitcoin and aware of what they can share and what they cannot then it's the best thing for investment as well as transferring huge funds as I would use Altcoins like TRX for low level transfers.

[hatshepsut93]

Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

Yeah sending Bitcoin to other person is quite safe, although there are other risks with Bitcoin as a system. But sending Bitcoin is only a part of the deal, and you could get scammed on the other part - bank transaction could be charged back, something physical could be not delivered, etc. And actually using Bitcoin as payment for investments has higher risks than using bank transactions, because once Bitcoin is stolen it's impossible to return, while bank transaction in some cases could be reversed.

But going back to Bitcoin as a system, the fact that your keys could be stolen by a virus or through phishing is a major problem, compared to other financial systems.

[btc78]

Lots of people especially those who are not that knowledgeable about bitcoin often think that it is a scam because it is too good to be true, but they just cannot simply understand that the money does not just come out of nowhere. It is an investment wherein the price is dependent on the demand of the coin.

Because its price is dependent on supply and demand, it is extremely volatile making it difficult to trade for short-term. Minutes and even seconds are crucial when it comes to trading that is why it is too complex and too risky to do.

But if you just invest and hold, then there is quite a high guarantee that you would gain profit.

[Potato Chips]

Who has ever thought about Bitcoin investments as one of the safest investments ever when you talk about the trading?

Trading is generally risky even for bitcoin but if we're talking about long term holding, yeahh I would say risks are a loooot less.

Just have a view of an anonymous Bicoin P2P transaction where you could trade and transact millions of dollars legitimately with a zero risks of being physically attacked for theft or bridged of trust with a dealer after successful transactions.

I wouldn't say it's zero risk as it all boils down on how much you pay attention to your security and privacy. For instance, a lot of physical attacks to bitcoiners were targeted so it's safe to assume there was a phase were the perps were harvesting information.

Not sure I fully understand the latter but there are plenty of times people don't keep the other side of the deal.

[Stalker22]

When investing in any venture, there are always risks involved.  However, most people aim to choose options that minimize the chance of losing their financial stake.  Knowledge brings empowerment.  So for those looking to dip their toes into digitalassets, Bitcoin can offer a sensible starting point with its track record of security and increasing adoption.  As with any investment risks exist but can be mitigated through learning and making wise decisions.