Topic: Bitcoin have more risks than benefits? - page 25. (Read 3636 times)

Exactly,bitcoin has more benefits and the only risk that bitcoin have is because it is being an online currency then it is vulnerable for hacking threat if it is handled carelessly. Bitcoin is a good investment because it has a short time for the return of the investment and obviously has the greater percentage of profit gain compared to fiat investment.

I am positive that the bitcoin has much more benefits if you know how to treat that coin right. It can give you financial freedom after you invest in it and wait when it starts generating the profit.

Of course, investing in bitcoin has its risks, and there is nothing surprising in the fact that some banks negatively regard crypto-currencies, but do not forget why they do it, and what are the advantages in investing in bitcoin. Perhaps banks see it as a threat to the standard banking system.

In everything in this world we will encounter risk but it jut only depends to us on how we will going to take it.... Banks are always against the existence of cryptocurrency because they always telling that it will not benefits us but in fact we will get a lots of benefits....  They are just making it as an excuse of their through motives....  But as a crypto user we are the one who knows everything so we are also the one who will make a decision if we believe or not....

Bitcoin is not really for weak hands because it is highly risk when it comes to investment. But the quote "the higher the risk, the higher the gain" is true. Bitcoin gives you more benefits than losses if you know how to handle it.
To reaps its bebefits, you should educate yourself first on cryptocurrencies and its risks, learn how to manage it to maximize your possible gains or benefits in the future.

Well, I will not say so, bitcoin currently has a great popularity and more or less favorable stability and trust from the society interested in cryptocurrency, so I can even recommend this coin.

yes indeed bitcoin has a very big risk behind it all bitcoin can help someone who difficulty economy. Everyone here is sure to find some money for the necessities of life. bad reputation on social sites but there is nothing they can do because somehow many of us are willing to take the risk just to get a two or three-digit profit. however you want to invest your money wisely in managing your finances.

In my opinion, bitcoin has more benefits than risks if it is well-handeled. Even though it is indeed risky and highly volatile, you could still earn high profit from it more than you expect but if you dont have enough knowledge about transacting or trading this crypto then that's the time you will lose its benefits.

ALarger risk will result in big profits as well.
It would be better to invest in Bitcoin than to invest in the Bank.
Bitcoin's investment patience is indispensable, but it does not take long like investing in a bank that generates a small profit.

You said that there are risks everywhere, and you also said that in order to limit it, you need to buckle up and study it well, that is enough proof how risky crypto currency is. If benefit is far more superior than risk, then I guess we don't need to be that doubtful about investing on these cryptos people will just take advantage of it. Without risk, there will be no good result in the future.

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/

For you to benefit on something you really need to sacrifice, worst thing is that you need to take the risks. In bitcoin, its not about taking "more" risks than benefits but, if you don't take risk then there will be no benefits at all. Bitcoin does have a high risk and profit earned will depend on our knowledge and skills in investment or trading, if we are lucky then it will get a big profit but if we are wrong in taking a decision then the profit we get will be a little even can be a loss.

Invest in Bitcoin is alweys risk. So i invest in ICO. One of them in my signature - Luckchemy.
But also I like Bitcoin, becous it's cryptocurrency of future!

Any investment is risky. Bitcoin sometimes is risky but more profits earned. You need to be patient when it is low but if it is high you will get your earn with high profits. But not all is good to invest. You need to make wise.

If they're knowledgeable about cryptocurrency then the risk factor is low, bitcoin has a big potential we can say that because of its continuous rise through years, it's not just invest but learn more about its field. Invest on the right project or use it on a safe way. make the number of your coin rising and eventually the price will go up through time, benefit is in.

any investment is a risk, there is always a chance to lose your money. But bitcoin seems quite interesting for investment. Personally, I buy it for a long time and have not regretted it yet)

If you know how cryptocurrency works you can avoid the risk and you can easily earn profit.
But if you can see if you start on cryptocurrency or stock exchange  there will be always a risk . Luck is one of the element you need to earn in trading or holding

I think the statement of the bank is not correct. Bitcoin really gives the world a very new technology and helps billions of people handle the transnational remittance easily. Besides, it has been exploited by terrorists for unauthorized transactions. Bitcoin, however, is still very valuable and no one can deny it.

I think between risk and benefits, bitcoin give more benefits than risk. It is true that bitcoin is high risk investment but as we can see if we keep bitcoin holding for long term, its more profitable

The current monetary and banking system have also lots of obstacles and risks but they continue to bother people. The future will be on crypto currencies, hope they'll fit themselves properly.