Bitcoin have more risks than benefits? - page 42.

ghost07

sr. member

Activity: 602

Merit: 255

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?

Yes it will be more risk than benefits because the price of bitcoin is getting more low. Some countries make a way to ba bitcoin and the demand decrease rapidly this day. China has a big number of investors but they ban it thats why price decrease.

dinger101

newbie

Activity: 28

Merit: 0

Bitcoin is not just a risk itself but risking other coins as well.. We need all coins to move to other trading pairs.

hao98

newbie

Activity: 9

Merit: 0

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

paruru123

newbie

Activity: 59

Merit: 0

bitcoin has great potential. I think it will work for a long run.

Btcepoy11

newbie

Activity: 162

Merit: 0

It's just a negative issue, they just make a bad idea to make people discourage about bitcoin. We all need to be open minded for the things that brought by bitcoin to us. It is not needed to discuss one by one what advantages of having bitcoin. All I can say, bitcoin is worth to have it.

Kodok Bencot

full member

Activity: 994

Merit: 101

Benefits and risks of course is in line, the higher benefits of course the higher the risk, if we understand it then we will not panic when the price drop to tens of percent per day.

leavolnhals

full member

Activity: 770

Merit: 101

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?

They may have been right because we did not see what they did for the company. The annual reports are not available, the information on future plans is unclear. They only report on social networking sites like Twitter and Facebook.
So investing in some banks is very risky because they will probably steal your money easily.

korobitsyna96

newbie

Activity: 196

Merit: 0

No, on the contrary, bitcoin has more advantages. Since it is gradually introduced in many payment systems.

mmo4me.2016

sr. member

Activity: 812

Merit: 256

I agree with you, with the real big price volatility, the opportunity will not be more than risk! Carefully consider and invest safely! Reduced profits are unavoidable! Hope everything will change in the future!

PilosopongTacio

jr. member

Activity: 308

Merit: 1

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?

No, I believe its quite the opposite, they probably just spread negative news about Bitcoin because it poses a threat to their traditional banking system and they feed this kind of news to the public just to discredit the benefits of a decentralized system.

Mr.John19

full member

Activity: 350

Merit: 109

All of the cryptocurrency give us a benefit Mostly in the bitcoin. Nine years in the making bitcoin is worth it. Banks don't generally comprehend what Bitcoin is. Bitcoin are truly give us a considerable measure of advantages. This is Ponzi statement Bank of Spain in Madrid. They are saying in regards to the bitcoin they just need is to vanish the bitcoin or decline its value to decrease the general population putting money in bitcoin. In short, they want to control the general population and value of the bitcoin. I think this the genuine reason of Bank of Spain in Madrid.

Itsmesunnyy

newbie

Activity: 28

Merit: 0

It would have risk if you would invest money on it. But we all know that bitcoin has more benefits. If we are juat careful and wise in using bitcoin, we can be assured that we cab benefit from this. Personally, I was nervous about bitcoin because I may be scammed but when I started earning money and was able to help me with my family needs I was so glad. There is no reason to be afraid or to take risk as long as you are not investing money because at the end of the day bitcoin ia giving many benefits to all of us.

Christian31

newbie

Activity: 25

Merit: 0

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 am basically not convinced with their statement. They should have lay down the facts on what they made them conclude that there are more risks than benefits with bitcoin. How come those crypto-friendly countries adopted the technology? Of course, these countries have assessed the pros and cons of crypto. That is the reason why they have embraced the blockchain. I still believe that Bitcoin is worth the risk.

rafi035

sr. member

Activity: 854

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?

I do not believe in the news I believe in what is there and I see a lot of bitcoin investors get success in his investment sure believe and patience it is the main capital that must exist

riplete

newbie

Activity: 91

Merit: 0

Risks or benefits depend on our own knowledge

kittle33

newbie

Activity: 9

Merit: 0

Quote from: Mekmbem on May 23, 2018, 08:10:00 AM

bitcoin does have a big risk but also has a great advantage, only people who are not afraid of the risks that get big profits

Bitcoin its risky but if you can see thier is also good benefits.

HukoJla

newbie

Activity: 252

Merit: 0

Hardly bitcoin now will crash, the maximum it can sit and then grow again. If bitcoin would not be of interest to the large investors who hold it, it would be immediately crushed by bears after the pampa at 19,500.
My conclusion is that bitcoin will at least fire at least once.

boddy.dy

member

Activity: 252

Merit: 17

If you are a one sided thinker you can say that bitcoin have more risks than the benefits. This is a general rule in life that if you think that one thing is more negative than its positive surely all the outcomes will go thru with what you think. That is why there are a lot of philosophers says that we must always be optimistic rather than pessimistic because if you don’t believe on something surely it will not be given to you. Just like in bitcoin if you think that there are more risk here surely all the risks will come to you because here on earth there are always risks and even danger it is only differentiate on how you handle with those risks and danger.

Hinugh

newbie

Activity: 110

Merit: 0

Quote from: MountainConqueror on May 23, 2018, 06:49:14 AM

Well any kind of investments is a risky thing. But cryptocurrency 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.

Bitcoin is always risky when the time we invest on it, yet it is still show a great pottential to triple or more our investment. We just have to be ready of any possible results either it is bad or good in bitcoin. I still believe bitcoin price will rise again and holding our coin for a long term is worth it.

Galina12

member

Activity: 364

Merit: 21

Yes, the bitcoin is known for wild fluctuations in price. He was always a risky investment. At the moment, speculators are manipulating the market and therefore the price of bitcoin is unstable. But I think bitcoin is worth it. Regardless of bitcoin’s ups and downs, Bitcoin has great future.

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