Bitcoin have more risks than benefits? - page 34.

Julia Wilson

newbie

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Certainly there are more risks than benefits when investing in Bitcoin.
Those risks include:
- No national federal bank is behind the currency, so if Bitcoin fails there is no authority that can help you
- You can loose your local wallet (thats the most likely risk Wink

) so you will loose access to your Bitcoins forever
- You store your Bitcoins on a central portal, similar to a bank account and this account gets robbed and again you loose all your Bitcoins
- Bitcoin looses market cap and trust and the value of Bitcoin is decreasing again

tatvuong7

newbie

Activity: 9

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I disagree that bitcoin has more risks than benefit. I am glad to know they said bitcoin has benefits. Every business has a degree of risk involve and bitcoin is not exception. The risk with appropriate measures can be avoided.

beckham88

newbie

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Countries now have regulations on bitcoin. Bitcoin has great potential. fluctuating fluctuations. It is sure to increase in the future and set new heights

prediction on bush

member

Activity: 231

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Quote from: Compiler on May 23, 2018, 07:43:29 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 think no, bitcoin have more benefits than risks because this is gives to my family daily expenses and bitcoin support my studying.

AliMan

hero member

Activity: 1974

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Quote from: Gdra467 on May 29, 2018, 07:35:02 PM

Bitcoin has more benefits than risks in my opinion. Considering the fact that people are allowed to take absolute charge of their own transactions and manage their wallets all by themselves in a transparent environment, without middle men, bitcoin surely has numerous advantages. The risks only come in when you are not patient enough to wait for prices to rise.

It's not like that so I don't agree with this. Yes bitcoin is too risky but very valuable because it's helping us a lot. There are lot of benefits with bitcoin so its risk is being taken over. Bitcoin is beneficial so live with it and don't think too mich of the risk but be aware of it. Bitcoin is just worthy of sacrifice so take a risk.

bajigur894784

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Activity: 350

Merit: 10

Quote from: Compiler on May 23, 2018, 07:43:29 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 presence of Bitcoin is a form of resistance against the monetary authorities and bankers due to the financial crisis that happened in the past few years.

So I think what they (bank) say is not true, they are just worried about losing the trust of the society, so they continue to make statements that can make the bitcoin weak and try to scare society so as not to switch to bitcoin.

PM.coins

sr. member

Activity: 616

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It must be realized and accepted that joining bitcoin as a business involves high risk and profit. For those people who have known much about btc , they are interested in investing in it because very profitable for them. In the meantime, people who get involved in it without learning before, they may face big loss.So in this case, btc can be treated as high profit and high risk business and it doesn't mean that risks are more than benefits.

jpnl0005

jr. member

Activity: 448

Merit: 1

There is absolutely nothing without risk.Bitcoin has more benefits than risk for me so longer as the owners are i charge of their transactions with no one attached(middlemen) and also handle and manage their wallet by themselves people only lose or should i bear their risk when the dont know the right time to invest and also to make sell. The advantages are visible for us to see

Gdra467

newbie

Activity: 137

Merit: 0

Bitcoin has more benefits than risks in my opinion. Considering the fact that people are allowed to take absolute charge of their own transactions and manage their wallets all by themselves in a transparent environment, without middle men, bitcoin surely has numerous advantages. The risks only come in when you are not patient enough to wait for prices to rise.

godrey123

member

Activity: 188

Merit: 10

No I think that bitcoin has more benifits than risk. The only reason why the risk is so high is because people are goining without having a knowledge about it. they just go all the way out without the proper knowledge that they end up bankcrupted. For me If you study first before goining cryto, the risk will be alot smaller because you know what you are doing.

KuyaBreezy

member

Activity: 504

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ONe Social Network.

Every investor knows that with High risks comes high possibilities of High rewards, that cannot be countered, Bitcoin is a high risk affair, and of the times wrong decisions lead to losses but it you get it right the BTC will make you rich

wallstone

sr. member

Activity: 532

Merit: 250

Quote from: Compiler on May 23, 2018, 07:43:29 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 decrease in the price value doesn't always means that the indistry is struggling. I believe that every part of the economy experiences this but it always rises up again. In the case of cryptocurrency, especially bitcoin, this changes happens more often than other industries in the market. It is normal so don't worry about it.

xamxam

full member

Activity: 409

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Ever since we met bitcoin, we all know that it is risky because of the price that volatile and sending all our money on the bitcoin is very risky because we do not know when we earn profit from it especially if the investors is not familiar to the world of bitcoin. But now that bitcoin is very low in price i think good time to buy bitcoin and in a month you will earn profit unlike in the bank.

CGPA

member

Activity: 120

Merit: 10

Yes! of course, There have enough risk to invest on Bitcoin because the market is not stable. So, there have a afraid to loss your money. But if you can got suitable idea about Bitcoin, it could be very lucrative for you.

EnaksiS

member

Activity: 252

Merit: 10

Any business knows that foreign exchange assets include some degree of risk. In fact, there are several aspects of day-to-day activities in which company management must constantly assess risks and, based on this, make decisions. Since Bitcoin acts as a certain symbiosis of currency, commodity and property, the risk associated with Bitcoin differs from many of our usual assets.

joebrook

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Quote from: alex lionel on May 29, 2018, 12:56:59 PM

I think it's a rule of any business up and down are the parts every time u cant get profit or not a lose its depend your buying bid or knowledge or pridction about the values.

Everything has it risks in the world as we know it and this doesn't apply to bitcoins alone.every investments has it risks. Trading and every business have it's risks too.

okakaynam

newbie

Activity: 67

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That is not a fresh news. Lots of country and investors always say that bitcoin is a risky investment and that is true because of the platform of bitcoin in terms of block chain technology. Crypto currency will be very risky if you don't know how to make profit from it. Crypto currency is not just giving us risk to invest but a profit as long as you know how to use your investment to it.

Tatsuyashiba

jr. member

Activity: 147

Merit: 1

If you are familiar with bitcoin deeper, may benefit more in the appeal of existing risks. Because I believe that bitcoin can benefit someone if using it.

RiskySanchez

full member

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Quote from: Debu on May 29, 2018, 12:29:57 PM

:)Bitcoin has more risk than benefits because there is no security for bitcoin and there is no government monitoring as well.
And of course bitcoin is one kind of investment and every investments are risky.
but if you want to get more benefit then you must have more risks and that's normal.
and for me it is worthy to take risk.

Who says it ? Bitcoin is currently being monitored by several countries that legalize bitcoin. as well as some European countries switzerland who have implemented his company to Blockchain system for a particular sector. Bitcoin will remain profitable no matter what, don't mind the bad news continues to support Bitcoin as a mascot of digital currency

Viranz

newbie

Activity: 133

Merit: 0

Yes of course the bitcoin is the root of the risk if we do not know what is needed in bitcoin when we invest. It's better to be careful about using bitcoin because it could be detrimental to you.

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