Topic: Bitcoin have more risks than benefits? - page 57. (Read 3611 times)
I believe a lot of people don't really get and understand the ideas behind blockchain, decentralization, and bitcoin as a whole. I think they should understand the purpose of cryptocurrency as a whole and the technology behind it. it is obvious that anything with advantages also has disadvantages and risks associated with it. People just speak negatively about bitcoin just because they know one or two risks without finding out benefits associated with it.
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.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, there is more chance of getting benefit in bitcoin. Because it is popular and very demanding full currency. And it did not happen, it took a lot of time. If the risk was high then its demand would have been reduced. Risks will be more or less in all areas.So,it should be said that Btc have more benefits than risks.
the most benefit that we got from involved in bitcoin is when we buy low and sell high but the current situations not possible to get benefit from price movement and indeed those arguement slightly true that bitcoin users have more risk to hold bitcoin rather than hold other currencies such as dollar
All this depends on ourselves to use Bitcoin well or not, all the work we will do is definitely have its own risks and benefits for our lives. But in my opinion, this Bitcoin has a huge potential for our lives in the long run in the future, so we do not have to worry about the things others talk about Bitcoin's badness, we just use Bitcoin properly and correctly, there will be the success we will get with this Bitcoin.
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 guess yes there are more risk in bitcoin than its benefits as we can see price of bitcoins are very volatile once major big player would pull out or want to manipulate bitcoin price it can collapse anytime mayne this are one of the reasons why banks shows more risk than benefits in bitcoin 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?
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.
It is just a personal opinion from the head of the baking system of Spain and we have heard many opinions from a lot of people in the past and it does not mean anything for the market and it will move from strength to strength with coming years, the only thing we have to worry is about the scaling solution we have to implement and hopefully we will have a clear solution regarding that.
Bitcoin being a volatile currency, having a big loss, and the risk of being scammed or phished online are the main risks of investing in any cryptocurrency, in my opinion. While the benefits are the possibility of gaining a lot of profit in a short period of time and transferring funds even the receiver is overseas. The risks, of course, outweighs the benefits. But, because we are willing to take the risk, we can gain profits.
I think none of them. Bitcoins have many benefits and also many risks. It is important to understand your perception of bitcoin. Bitcoin can take you from the non-cash to become billionaires. Or it could turn you from billionaire into bankruptcy in just minutes.
Of course. we can not get continuous profits from bitcoin, and of course bitcoin has a risk that has the same potential for its benefits. well, we know that every business is at risk
Bitcoin has benefits and has risks also, taking that risk will benefit you a lot, taking those risks will give you a profitable amount when you take that certain risk, but again I fairly think that bitcoin has a lot of risks but bitcoin has a lot of benefits also, so I think that no matter if there are more risks or more benefits in bitcoin I think people will still make great profit out of this and I am sure that people will learn more and strategize more in making decisions in taking risks.
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?
Therw are a lot of possibilities of having an bitcoin and beside we are in different situations right now. For me a a user here in bitcoin, i think that there are some risk here in bitcoin but think the side of some positives. We can get some benefits coming from the bitcoin but if you think that there is also a risk for it, it doesn't matter anymore. 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?
There are no gain without risk,you get risk in everywhere in corporate world.There are no doubt that btc is no 1 currency but there are still risk everytime because it is the main features of cryptocurrency world.You can see the share market,there are risk spread almost.But if you want to earn in this way ofcourse have to aware and expert to avoid big risk.So I think if you want then risk can't stop you to get more benefit in bitcoin.
I think none of them. Bitcoins have many benefits and also many risks. It is important to understand your perception of bitcoin. Bitcoin can take you from the non-cash to become billionaires. Or it could turn you from billionaire into bankruptcy in just minutes.
Not only in spain but in some countries keep giving information about the dangerous investment on crypto. In indonesia is one of it, yeah for logic, indeed say it dangerous but in the authentic, crypto is being wanted by some people because it's investment that give much profit.
Bitcoin is a risky investment to start with. That's why you always hear or read the statement: "don't invest more than you're willing to lose". Because even though I'm highly bullish on bitcoin, it can simply just crash down to triple or double digits without any signs(a bit unlikely, but still very possible). It's simply just up to you if you're willing to take that risk.
In every investing have risk especially in bitcoin we know bitcoin is very unpredictable. Don't invest all your money because we don't know what happen tomorrow maybe double or make triple your capital or maybe lose your capital. But if you are business minded you take all the risk in investing in bitcoin.When you say Bitcoin has more risk it looks very discouraging, Risk is a norm in every investment sector, no need to be scared or magnify the level of risk with Bitcoin.
Yes, bitcoin is risky and that is because of its volatility due tosudden ups and downs but just dont take it that way. Look at bitcoin in the positive side rather than its negative. Taking risk is what we did everyday to live and just like bitcoin and other cryptocurrency there are lots of risks in it but it depends on how we handle it.
the bank in Spain should use bitcoin to make transactions faster and reduce costs, bitcoin has no risk, bitcoin has many benefits that will help millions of people around the world
Bitcoin is risky because of its unstable price, scams and hackers but eventhough bitcoin is risky.Bitcoin coin still has the capacity to be a profitable coin and can help increase a country's economic growth. To keep things simple, Bitcoin is a profitable risk.
Its risky but I do not agree with that “bitcoin have more risks than benefits”, bitcoin has given us the opportunity to become better, it given us bunches of benefits and it depends on us how we secure it, and in that case that risks may reduce if we follow the right and safe wallet.
Well, yes it is true btc do have alot of risk but I don't want to agree to the statement that risk is more than the benefits. You could already count how much benefits btc has given while some risk does not really appears.
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