Bitcoin have more risks than benefits? - page 28.

Larva14

sr. member

Activity: 518

Merit: 250

Quote from: Compiler on May 23, 2018, 06:43:29 AM

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?

The droppings of the prices in the market don't mean that the whole industry is ending. Cryptocurrency, like any other markets, has its lows and highs. It's just cryptos has it more unstable and almost unpredictable. That behavior does not please some people in the government so they say it like a bad thing even though that fluctuations actually created jobs and incomes.

h31s3nb3rg

jr. member

Activity: 308

Merit: 2

Quote from: Compiler on May 23, 2018, 06:43:29 AM

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 don't think that it's only applies in bitcoin because in crypto industry there is always risk and that's the nature of this industry , in order to earn enough profits you need to risk because crypto is unstable , you'd never know what happen next but if you are wise enough and your investment grows bigger it's totally worth it.

NelfiNovita

full member

Activity: 640

Merit: 104

Quote from: Godef on May 23, 2018, 06:45:24 AM

Quote from: Compiler on May 23, 2018, 06:43:29 AM

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?

Well, Yes, perhaps bitcoin is now in an extremely risky zone, and can certainly collapse, but I think still this will not happen, and it will only rise and will work for a long time.

I think it is not, if seen from the current price is slightly decreased but that is not a big risk because the price will soon rise.
if from a "thief" it could be risky because their goal is to steal the bitcoin and all your valuable coins, so you should be careful keeping the private key to keep your wallet from being hacked.

benhill

newbie

Activity: 304

Merit: 0

There is no business without pros and cons,one should not fear concerning Bitcoin because it is a business on it own.Only those that benefited from it can explain how profitable it is, "RISKS" one should not allow that word to discourage you in bitcoin business. As for me benefits is greater than risks in bitcoin venture if one knows the ways to play the game.

chris paul

newbie

Activity: 64

Merit: 0

My opinion about this statement is , I don't think bitcoin is a risky investment . I feel it's still a profitable coin . as we all know it has great potential but right now there are many talks about bitcoin which are like a bad news . well most of the people are getting tensed about . I hope the price of the coin rises soon .

TRON0824

jr. member

Activity: 154

Merit: 2

BECAUSE they dont Know bitcoin work . if bitcoin goes down . we can buy it if bitcoin goes up we can sell it . its not risky at all . if you know how to trade it well

sarta afdal17

newbie

Activity: 103

Merit: 0

Yes maybe bitcoin is now in a very risky zone, and it can certainly collapse, but I think this still will not happen, and it will just go up and it will work for a long time. But bitcoin has great potential. However it is a profitable coin ..

DavidLuziz

newbie

Activity: 26

Merit: 0

I think that Everyone has their own opinion on this account, and I believe that you should not worry and just trust bitcoin, investing your money in it. If you are in doubt-do not even get involved.

Fretcy

full member

Activity: 395

Merit: 100

Without taking risk in life no one on earth will never achieve anything in life, so the person whoever it is should be ready to risk inorder to succeed in life. As we can see from the history of bitcoins that the early investors were lucky enough to get into the new technology and were taking risk as this is a new technnology which has changed their lives to a millionaire and billionaire only by investing and trusting on the new technology. So If you are ready to taking risk then you will definitely benefit from it.

crypto002

jr. member

Activity: 98

Merit: 1

Risk is invlove in everything even when we start a business there is alaways risk involved but you need to take risk in order to be successful
Yes there is risk involved in bitcoin but the benefits can be great in long term when you good investment

nikki4

full member

Activity: 496

Merit: 100

Government will implement all the restrictions to bring down the bitcoin usage by implementing various Limitations however every crypto user will never fear for such risks as the benefits to gain profits in bitcoin is high and to avoid risks every crypto user should prioritize to learn about crypto currency first.

teejayrichard2

member

Activity: 574

Merit: 12

well the truth is everything in this life has both risk and benefits. even keeping your money in the bank has its own risk. bitcoin has some risk which includes hackers and all that but it also has so many great benefits which every bitcoin lover knows.

hamim18

newbie

Activity: 51

Merit: 0

Bitcoin is right now the riskiest investment you can make.Here are the risks you should consider before you buy.How the existing cryptocurrencies will cope, or benefit, from those changes is to be determined.

Al Malik

newbie

Activity: 26

Merit: 0

investing is of course not just a bitcoin issue at risk but in bitcoin if we invest we also have to be mentally prepared because bitcoin prices go up and down and bitcoin prices are currently unstable but if we buy when bitcoin prices are at low levels and we sell them at a price high course we get a big profit and in my opinion bitcoin gives more manfatnya than risk

Haneul

newbie

Activity: 133

Merit: 0

Well any kind of investments is a risky thing. But crypto currency has always been "a bit riskier then others" due to price mad volatility. Nevertheless lot of people doing amazing profit with that sphere. And if you are not about buy-sell, I don't think Bitcoin do any treat to you or the world in general.

kadutz25

newbie

Activity: 172

Merit: 0

in investing all should have risk only in bitcoin only and here we can see that bitcoin at any time will change the price changes and invest in bitcoin that need to be boasted mentally as prices go up and down but we can get big advantage if we buy at low price and start reselling it when the price is high and I think bitcoin provides more benefits than risk Wink

Neglected Person

member

Activity: 308

Merit: 10

Yes, wherever there is profit word, there are risks also. Bitcoin is the father of all the currency. Bitcoin's demand is increasing day by day. Besides, there are many risks, such as investing in bitcoin. So, to get more benefits, there is more risk to take.

addeqt

member

Activity: 196

Merit: 30

Yes, that is true. But it is because bitcoin could produce more profit than others. Just like in gambling, you need to invest a lot to win a lot and there are little or almost no chance of winning right away. That is why most of the investors prioritize to invest in a legitimate ICO rather than in the most trusted bitcoins. Bitcoins give additional tool for those terrorist that are willing to accept payment thru the crypto.

tantimutz

newbie

Activity: 114

Merit: 0

Yes any speculation is a dangerous thing. Nevertheless, digital money has been reliably "somewhat more dangerous than others" because of the instability of cost distortions. By and by individual parcel do amazing benefits with that circle. What's more, if you're not about a purchase offer, I do not think Bitcoin treats you or the world as a whole.

bananaunana

member

Activity: 329

Merit: 23

Bitcoin is still at it's beginning so yes, there can be lots of changes. But if we are realistic this will be the future, Bitcoin will stay. At least as digital Gold.

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