Bitcoin have more risks than benefits? - page 39.

jake zyrus

full member

Activity: 798

Merit: 121

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?

This is their persspective about cryptocurrency and it is unfortunate to see about this. But I still do hope that someday, everyone will understand what cryptocurrency can really do to help us and improve our ecomy. And don't worry aabout the prices because soon enough, it will increase continually again before the year ends I think.

Core.BUSTER

sr. member

Activity: 562

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 market in cryptocurrencies have various factors that affects it price and furthermore, the price is not the only determiner of how successful a market is. Every market has their times of peaks and drops. So that is why it is normal for me to see that bitcoin has a lower price right now since it had boom last year. But I also believe that when the demand will come back and the prices will increase again in the later months.

Pyr3x

full member

Activity: 602

Merit: 100

Investing in bitcoin seems pretty safe to me, but subconsciously I'm prepared for losing all my investment. And I advise everyone to treat their money easier.

Lalafell

sr. member

Activity: 812

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?

Just because the price is decreasing it would mean that the cryptocurrency industry will end. The nature of cryptos are very much different than the fiat because it works in different market. Cryptos are unique because of this as it shows how fluctuations doesn't always mean that your investment will fall more. The drops are actually opportunities to start to maximize the income you can gain.

Sumo

hero member

Activity: 1098

Merit: 500

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.

ciciteng

jr. member

Activity: 168

Merit: 2

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 ;-)

MetalGear

sr. member

Activity: 714

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?

It is a common thought that if a system has frequent fluctuations, the risks are higher. Yet many people don't understand that the risks in cryptocurrency falls only in the market and not in the technology itself. Those fluctuations can also be played in your advantage as long as you are wise enough to estimate the changes and bold enough to buy at its lowest price.

Thadeous

copper member

Activity: 588

Merit: 17

Actually I would split technology and market risks for Bitcoin and any other coin.
Technology risks are related to existing blockchain vulnerabilities and stress resistance, wallet and private key safety.
Market risks which mainly depend on coin holders and traders, who speculate the price trying to extract as much profit as possible.

crossabdd

legendary

Activity: 1316

Merit: 1145

we all know, crypto currency is a technology of a network of currency. so that's true. has many developments and growth. so it has many risk effects. but this technology is like a living thing. because it has growth and development. while fiat currency is a dead object. many people already know the bitcoin and switch on bitcoin. so the only dreaded impact is. the bank will die and is useless for the storage of currency or assets.

Blue Bell

member

Activity: 280

Merit: 10

Quote from: Suffoc8 on May 28, 2018, 12:13:21 PM

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?

Bitcoin is risky, Yes that is really true but all new things are risky, but if we take the risk and go with the new thigs that can help you to improve your life then why not to take the risk because the thing is it can help you a lot and make your way of living easier and faster.

Well not only bitcoin but all investments have risk, so we should try to understand it than being worry about it, about bitcoin many expert users have told us that bitcoin has more benefits than risk and our entire life can be spend happily with help of bitcoin profit, so before you go for investing in bitcoin prepare yourself to face dump and pump without getting worry about lose and profit as bitcoin is promising investment and profit will be certain.

parkiabi

newbie

Activity: 27

Merit: 0

depending on how we view it,,,though at this state of it now,,,its full of risk now

xaviervilla

full member

Activity: 350

Merit: 100

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 in a sense, it really is pretty obvious that bitcoins really does have a lot of risks but
let's be honest here, all the great things in life has risks. It only depends on how you really
want to survive, then you would find various ways to take advantage of the situations thrown
at you. Risks are everywhere, so why not go ahead and risk it? just remember to always do your
own research to avoid losing money in big amounts.

sapnu

sr. member

Activity: 1050

Merit: 286

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?

Almost all the way to earn here in bitcoin is risky yet the reward waiting afterwards are always worth it if ever you're successful. Some ways like joining bounties are not that risky, the only thing you can do to gain much benefit from those is to find a good bounty to invest your time with. You should not give up on bitcoin just because its risky, all of it comes with a price after a victory then.

ninjaeth

newbie

Activity: 59

Merit: 0

The bitcoin is bad now, but I think it will change, because the longer the bitcoin changes, and we also have to remember that once the bitcoin was once the best and has tremendous benefits. so we do not look at bitcoin just one eye.

KrisAlex18

full member

Activity: 742

Merit: 160

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?

Maybe that's true but that shouldn't stop you from doing what you are doing. Before entering bitcoin, you should know already how risky it is but the reward waiting that is said to be less attained is greater than the risk you are getting afraid of. Cryptocurrency investments are gamble which is only accomplished by few people who has the courage to put something large at stake.

Daniel91

legendary

Activity: 3374

Merit: 1824

If you earn bitcoin in signature campaigns, or for translation work, design etc. you don't have any risk here.
Only if you invest your own money in bitcoin, you have some concrete risk.
So, if you are smart, you can play safe here

makolz26

sr. member

Activity: 714

Merit: 254

Quote from: lelylely on May 28, 2018, 01:24:53 PM

Risks and benefits can not be separated in the crypto, and it will continue anytime because bitcoin is based on demand and supply, and for that you must be full of calculations if entering the market.

I believe that bitcoin is so risky but I don't think that it risk is higher than benefit, for me Benefit is higher than the risk since we are all here at the end of the day earning a lot and not loosing a lot, especially those people who are hardworking enough and are doing everything just for them to earn.

lelylely

member

Activity: 602

Merit: 10

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?

Risks and benefits can not be separated in the crypto, and it will continue anytime because bitcoin is based on demand and supply, and for that you must be full of calculations if entering the market.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

I would say the bank is very bad because I use it, how can they say bitcoin about it if they have not used it, everything in the world is all at risk, so I guess they just say but have not fully use bitcoin

Thadeous

copper member

Activity: 588

Merit: 17

For short and medium term investors and traders the Bitcoin definitely has more risks than benefits.
But in long term meaning most of top coins are definitely beneficial.

Topic: Bitcoin have more risks than benefits? - page 39. (Read 3636 times)