There's always risks to all cryptocurrency as we all know, specially today the bitcoin keeps moving negatively it will sometimes go up, yet after awhile it will drop again. And now most of the time it stays down but i still trust that it will recover very soon and go up again on high before the year ends. I will always say i am optimistic that there are still benefits in bitcoin despite of having risks as well.
Topic: Bitcoin have more risks than benefits? - page 24. (Read 3611 times)
There are risks where you can profit. It is said in the business where profits are high, investing there. And do not invest where there is more risk. In this case, Bitcoin is seen to be more profitable than risk.
actually all the work must have risks, but it all depends on us too, actually we can minimize the possibility of this risk. if we are careless then fatal consequences. but this risk corresponds to what we get.
There are different experiences of different members. If someone invests without gaining knowledge and experience then definitely chances of loss and risk are higher. So play safe
No, it's not. As for me, Bitcoin have more benefits than risks. This is all just new for people and not many of them can understand it.
Bitcoin is a crypto market. And the price in the crypto market is never the same. Sometimes the price goes down and sometimes the price goes up. And there are some risks in every kind of business. If we do not take risk in business, then we will not be profitable in that business, and Bitcoin is also a kind of business. If we take risk then only we will get benefits.
There are risks where you can profit. It is said in the business where profits are high, investing there. And do not invest where there is more risk. In this case, Bitcoin is seen to be more profitable than risk.
if my own opinion bitcoin it even has many benefits from the risks. because the bitcoin is already a lot of benefits that are given to all users of bitcoin than at risk. because all the work is definitely no big or small risk and it certainly exists
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?
I think so. Bitcoin has been a very risky cryptocurrency and investment wherein plenty of people has already ended up disappointed and regretful after risking much money from here. You cannot blame them, it's all part of the game. There will be time where you loose and there will also be time where you win and gain more than what you expected, if you're too afraid to risk, then don't expect any rewards or benefits. 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?
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?
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 think it depends on how you manage. Because there is a way in earning bitcoin without taking risk. You can earn without investing. Like joining bounty campaigns in that way you can avoid risking your money.
Bitcoin is something relatively new for some people, and not so much for others. That's why Bitcoin can grow, thanks to people who dont knows and would like learn about it.
No, it is not. Sure, the Bitcoin market is really volatile; that's because is no one really control the Bitcoin price, not even the whales.
To be able to take the advantage of this volatile situation, you really need to study the market trends. You need to know when is good time to enter the market and when to sell when the market is bullish. Statistically it can be studied for sure.
But my advice is just buy more and more Bitcoin and comeback later in the long term.
Thanks me later ;-)
To be able to take the advantage of this volatile situation, you really need to study the market trends. You need to know when is good time to enter the market and when to sell when the market is bullish. Statistically it can be studied for sure.
But my advice is just buy more and more Bitcoin and comeback later in the long term.
Thanks me later ;-)
I think it could have just fallen to three or two digits without signs (a little impossible, but still very likely). It's only up to you if you're willing to take that risk.
Bitcoin is a risky investment to start. That's why you always hear or read the statement: "do not invest more than you want to lose". Because although I am very optimistic on bitcoin
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?
As of now bitcoin is in a tight abd disadvantageous soot. But it doesn't always happen or if it does it doesn't go for too long. Bitcoin poses risks and all but the rewards one can getbfrom investing in it are worth all the worries and the risks it gave the investor. Just be patient a d suportive to tge said crypyocurrency and it would be sure that you will profit in this industry. 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?
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?
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?
I don't think so that bitcoin have more risk than benefits. Because i believed that even you take risk in bitcoin, the benefots is still equal. You can gain a lot of profit, yes it can take a long time but if you get the benefit it is really satisfying. In addition it is nornal to take risk and its part of our life to take the risk to make it more successful.
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?
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?
Yes you are right, bitcoin has a big risk, but you do not forget that bitcoin also has a very high gain. Simply put, if you see bitcoin is just a risk then stay away from bitcoin, but if you can see bitcoin will give an advantage, then having bitcoin is a good choice.
Yes, I can agree that Bitcoin is very risky. When I started to join the crypto World, my friend already told me all the risks in Bitcoin. The risks in trading, investing and even joining in Bounty campaigns. But the question is, how come that despite knowing all the risks in Bitcoin, why are more people are still investing in Bitcoin and willing to take the risk? for me, the answer is because it's worth trying for. and I believe in that because I experienced it already. so that's why I'm still here in the crypto World.
Here are the Advantages and Disadvantages of Cryptocurrecncies I read up from an article.
Advantages
Easy access – Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them.
Quick and easy payments – Making payments using cryptocurrency is very easy. You can do it in just a matter of a few seconds. It is very fast because you don’t require to feed many details, you don’t even need to enter your credit/debit card details.
Fast Settlements – With cryptos, you don’t need to wait a couple days for your business to receive the money. Due to the technology cryptocurrencies are based on, the blockchain, it removes delays, payment of fees and a host of other third party approval that might have been present.
Lower Fees – We’ve all been there and sometimes it could be painful just to view your monthly account statements from your bank. You’ll often be shocked at the number of fees chalked up.
Private– You don’t need to share your identity(unless you're in Europe) or whereabouts or the details of the transactions made between you and the beneficiary. No information is required to share with the government and the bank regarding the deal.
Highly secured – All your transactions will be secure as it is using high rate to protect your coin.
Remain anonymous – Some coins can help you stay anonymous but contrary to popular belief, not all of them can.
Identity Theft – Nobody can steal your personal information from merchants, which ensures the privacy of your sensitive data. By creating a proxy ID, you can make sure that no one knows anything about you. Among the benefits that come from using cryptocurrency is the protection of your online identity.
No chargebacks – Once you made the payment, you cannot chargeback.
No third party – You are the master of your money. You can keep it in your wallet and use it as per your wishes.
Facilitate International Trades – When you talk about transactions using cryptocurrencies then there are no limits.
Easy Access – Due to the medium by which cryptocurrency exist – the internet, there is greater access unlike what is prevalent in the traditional financial system.
Disadvantages
Difficult to understand – Cryptocurrencies are relatively new and come with a learning curve. People end up investing without proper knowledge and lose money to something they did not learn about.
Lack of knowledge – People are not aware of how to use cryptocurrency and hence open themselves to hacker.
Not accepted widely – Not many websites and companies accept digital currencies yet.
Can lose your wallet – There is a possibility of losing your wallet. If you have stored the money in the form of digital currency on your phone or computer, you better remember your password and not lose those devices.(unless you have a private key)
No way to reverse the payment – If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid.
Uncertainty & Volatility – Since cryptocurrencies are so new, they are also very volatile.
Scaling – Based on the way smart contracts are designed, there is a limit to the speed and number of transactions it can process at a time which has hindered the widespread adoption of digital currencies.
There are more adavntages than disadvantages when investing in Crypto and some of those disadvantage have been solved by some of the Altcoins.
referred from this website
https://coinpupil.com/altcoins/advantages-disadvantages-of-cryptocurrency/
Advantages
Easy access – Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them.
Quick and easy payments – Making payments using cryptocurrency is very easy. You can do it in just a matter of a few seconds. It is very fast because you don’t require to feed many details, you don’t even need to enter your credit/debit card details.
Fast Settlements – With cryptos, you don’t need to wait a couple days for your business to receive the money. Due to the technology cryptocurrencies are based on, the blockchain, it removes delays, payment of fees and a host of other third party approval that might have been present.
Lower Fees – We’ve all been there and sometimes it could be painful just to view your monthly account statements from your bank. You’ll often be shocked at the number of fees chalked up.
Private– You don’t need to share your identity(unless you're in Europe) or whereabouts or the details of the transactions made between you and the beneficiary. No information is required to share with the government and the bank regarding the deal.
Highly secured – All your transactions will be secure as it is using high rate to protect your coin.
Remain anonymous – Some coins can help you stay anonymous but contrary to popular belief, not all of them can.
Identity Theft – Nobody can steal your personal information from merchants, which ensures the privacy of your sensitive data. By creating a proxy ID, you can make sure that no one knows anything about you. Among the benefits that come from using cryptocurrency is the protection of your online identity.
No chargebacks – Once you made the payment, you cannot chargeback.
No third party – You are the master of your money. You can keep it in your wallet and use it as per your wishes.
Facilitate International Trades – When you talk about transactions using cryptocurrencies then there are no limits.
Easy Access – Due to the medium by which cryptocurrency exist – the internet, there is greater access unlike what is prevalent in the traditional financial system.
Disadvantages
Difficult to understand – Cryptocurrencies are relatively new and come with a learning curve. People end up investing without proper knowledge and lose money to something they did not learn about.
Lack of knowledge – People are not aware of how to use cryptocurrency and hence open themselves to hacker.
Not accepted widely – Not many websites and companies accept digital currencies yet.
Can lose your wallet – There is a possibility of losing your wallet. If you have stored the money in the form of digital currency on your phone or computer, you better remember your password and not lose those devices.(unless you have a private key)
No way to reverse the payment – If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid.
Uncertainty & Volatility – Since cryptocurrencies are so new, they are also very volatile.
Scaling – Based on the way smart contracts are designed, there is a limit to the speed and number of transactions it can process at a time which has hindered the widespread adoption of digital currencies.
There are more adavntages than disadvantages when investing in Crypto and some of those disadvantage have been solved by some of the Altcoins.
referred from this website
https://coinpupil.com/altcoins/advantages-disadvantages-of-cryptocurrency/
Oh thanks for the information, maybe it will be useful for the people who see this post.
I do not agree with this position. It seems to me that bitcoin carries much more investment opportunities than risks. The most important risk in our time is to invest nothing and hope for a state pension.
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?
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?
Yes it is given that bitcoin is really risky but beneficial. With my experience I can say that everything is in your hand you can't avoid risk but it requires you to become more careful that's how I deal with risk. Another thing is that the benefits there's a lot of benefits it's up to you on how or what strategies are you going to do to earn more bitcoin that would really benefited you.
I agree becsuse For me its normal, everthing in this world has its own advantages and disadvantages and it is your choice on how will deal with risk. In Bitcoin also, for sure that you will encounter risk but I guess "hardwork" and a "good strategies" can move it away. The benefits in bitcoin that you can get is higher compared to the benefits of other investments you have.
Bitcoin is a risky investment for a start. That's why you always hear or read the statement "Do not invest more than you are ready to lose." Because he can just just roll up
Right , in the beginning you have to be a little extra careful about when and how much to invest. Gradually you will understand the market and can have the idea of what is going to happen next.
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