Bitcoin have more risks than benefits? - page 37.

Captain Sneeze

member

Activity: 351

Merit: 11

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?

All currency have a risk but bitcoin have more risks than benefits? i think no, Maybe have more benefits than risks because bitcoin has a great potential and Still it is a profitable coin.

ParveZ219

member

Activity: 336

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?

Actually its about risk of price of bitcoin which is too much unstable... Otherwise except this reason bitcoin doesn't have such disadvantage.......But we the believers of bitcoin at dont believe in the risk of collapsing the bitcoins.

leostrong.mo

newbie

Activity: 126

Merit: 0

Investing in cryptocurrencies does have certain risks, but the corresponding gains are also huge!
The market risk of cryptocurrency is extremely high and it is not suitable for ordinary people. Ordinary people's investment in living expenses, housing loans, and pension fees are certainly not affordable.

Paul Pogba

member

Activity: 1232

Merit: 12

Of course for now everyone will say that is too risky to invest bitcoin, we have to be patient and wait for some time so that can make a good decision.

warning_btc

member

Activity: 378

Merit: 11

Decentralized Digital Billboards

Bitcoin have the same benefits and risk i think.
I can make increase or decrease with not predictable methods

eashikde

jr. member

Activity: 266

Merit: 1

It all depends on which side to look at. Indeed, the crypto-currency market is relatively unstable, But behind it is the future. Bitcoin is a profitable and risky coin. This is one of the coins that can greatly affect the market and manipulation with it can lead to serious consequences.

elygil2022

jr. member

Activity: 140

Merit: 2

REMIIT.IO

Noted. That is why we should spent more time in this forum to get updated and reduce the risks. But I don’t agree to the statement of Bank of Spain that bitcoin is not worth it.

Jimrch

newbie

Activity: 70

Merit: 0

We can say for now that investing bitcoin is also risky especially that this currency is not yet fully legalized by the government. When you invest in a not so sure system you should consider all the posibilities and factors that may occur

Bohxz M4p4gm4h4l25

full member

Activity: 339

Merit: 120

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 this is true, even in the simplest way. It's really hard to find some way to earn without preparing for funds, and Bitcoin is one the rarest way, but a huge risks were involved. I have realized that it's a win-win situation for me to earn here and the common risks that we can state is that you will exceed efforts,time and motivation for projects but there will be a times that they will scam the entire project, and the money that you used to hold were vulnerable to the inpredictable movement of price, that's why I think Bitcoin ivolves a huge percentage of risk.

markchoo

newbie

Activity: 103

Merit: 0

if we are able to minimize these risk factors, then the opportunity to get a greater profit. So risk management, understanding it, and studying its causes are steps to minimize risk.

marona.wang

newbie

Activity: 8

Merit: 0

There is really no investments with zero risks. So There is a say ”NO RISK NO GAIN”. Every business has a degree of risk involve and bitcoin is not the exception. So, understanding the risk factors and determining the safe action is the most appropriate step.

pxo.011

member

Activity: 266

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?

in my opinion they are afraid of losing clients. what if all of their client switch to use mobile wallets than bank?? their mindset is to have more clients not to lose them.

parkiabi

newbie

Activity: 27

Merit: 0

i dont think it has,,but the only thing is that,,,selling at this point in time could lead to loss of profit and all

nakamita

newbie

Activity: 61

Merit: 0

benefits or risks are determined by yourself, you have enough knowledge, strong enough basis will bring more efficiency for you

Vincent Wright

newbie

Activity: 97

Merit: 0

The presence of risk on the system of Bitcoin is not always related to its ability on transaction. It could give more benefit on the development of transaction compare to the risk its give to people on investment and securty. The success on having an investment with bitcoin is dependent on the ability of a person to handle decision and dealing with pressure on the changes of price of bitcoin.

qwertyuiop0987654321

full member

Activity: 185

Merit: 100

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?

Bitcoin has equal risks and equal benefits I think. It is risky at the same time you'll benefit from it. It is risky in such a way that you might encounter danger like scam etc. You don't feel at ease because of that. But you'll benefot since its value is unstoppable and varying wherein it goes higher and higher.

Fintan Lee

newbie

Activity: 105

Merit: 0

The ratio of benefits and risks depends on the user. If the user can do a good analysis, experience a lot, mentally strong, then the opportunity to get profit certainly can be bigger. The same is true on the contrary. The thing to understand is, to get big profits will be accompanied by big risks as well. So, understanding the risk factors and determining the safe action is the most appropriate step.

yron51

newbie

Activity: 168

Merit: 0

Yes if you haven't take the risk you don't have benefits recieve unless the benifits sometimes it became a scam or other loss of funds but it is good to take a risks to get more benefits

KrishaBitcoin

member

Activity: 350

Merit: 11

W12 – Blockchain protocol

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?

To think that these words are came from the bank we already knows that most of the banks are against Bitcoin then there is possibility of a bias act but before we joined this investment we already knew too that this investment is really risky so therefore i could say what they are saying is true that this investment is very risky because of the price which is really unpredictable.

millgates

sr. member

Activity: 714

Merit: 250

Since it has no physical intrinsic value then most of people who don't really know about bitcoin will say that invest in bitcoin is very risky but for those who know bitcoin in long time will know how to avoid that risk. Invest in bitcoin is very risky it is true but there are also many benefits and opportunities that bitcoin brings to us.

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