Bitcoin have more risks than benefits? - page 59.

satria33

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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?

The risk of trading, investing in bitcoins is a high risk, but I believe this will result in greater profits if more patient and able to take advantage of any bitcoin price changes.

Compiler

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Quote from: BTCLovingDude on May 23, 2018, 09:16:31 AM

Quote from: Compiler on May 23, 2018, 07:43:29 AM

There are more innovations and they are having more effect.

what others? i don't see any other coin that is giving "benefits" more than bitcoin, only a bunch of altcoins which are always getting dumped much harder each time bitcoin has a little drop!

I didn't see any other coin too, i mean is what i red in notices Roll Eyes

Jihuny23

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In my opinion, more advantages or disadvantages than bitcoin depends on where we look. I do not blame if bitcoin is said to be more risky because indeed until now, there is no insurance that guarantees if there is something undesirable on bitcoin. But when viewed in terms of technology, bitcoin is very profitable, very very useful for technological progress. I think, why bitcoin is said to be more deficient because many people are misusing bitcoin for crime. So not entirely wrong bitcoin, but its users are not responsible.

brylle34

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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?

There is a huge risk that bitcoin is already overvalued. The practical use cases for bitcoin are limited. It doesn’t enable enough transactions to take place per second to be used as a replacement for a modern payment system. And it doesn’t offer any functionality other than pseudonymous transactions transactions where the true identity of the counterparties is hidden.
but of course there are risk in any investments they may say that bitcoin is not worth it, but look at how bitcoin change the world it has a lot of benefits and future, i still believe on bitcoin there will be ups and downs but the still this is a trading world that's why it is so volatile, actually if you will look t it bitcoin now is much stable than before, and all the buyers are all filtered the people who does bought last year (who are newbies) and people who also bought january 2018 that has weak hands lost their investments because of what happened during the huge dip.
http://theconversation.com/bitcoin-is-a-highly-speculative-investment-why-caution-is-required-88440

Kimchu kuno

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Quote from: Mekmbem on May 23, 2018, 09:10:00 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

Your exactly correct investing in Bitcoin is like a game time of win have profits accept the fact that we cannot control the loss.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: Compiler on May 23, 2018, 07:43:29 AM

There are more innovations and they are having more effect.

what others? i don't see any other coin that is giving "benefits" more than bitcoin, only a bunch of altcoins which are always getting dumped much harder each time bitcoin has a little drop!

dothebeats

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Cashback 15%

They've been telling the same thing for years now though people still seem to ignore the adverse effects of investing in a relatively unknown and unregulated asset. There's nothing they can do if they release such memos since people would just ignore it, given the recent runs which prove that they, too, can have the same success if they got in on the right time. Banks would naturally go against the idea of people using bitcoin because they'd be out of business if the crypto goes big and everyone goes on investing and using it.

mahibul49

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yes bitcoin is risky but benificial too.u need to keep secure your wallet and keep your btc wallet safety and btc will go more high in the near future bcz big investor will hold their cash in btc.

Mekmbem

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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

worldsuccess01

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Totally bitcoin have some more risk than benefits, because bitcoin as ao now is so bad peoples effort is so lucky of entering scammers.

Cointertrade

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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?

Yes it is given that bitcoin is really risky but beneficial. With my experience I can say that everything is in your hand you can't avoid risk but it requires you to become more careful that's how I deal with risk. Another thing is that the benefits there's a lot of benefits it's up to you on how or what strategies are you going to do to earn more bitcoin that would really benefited you.

resty

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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?

If you focus on the possible risks it may bring, it will probably result to panic. What can I only advise us to stick to your choice or decision whether you will take the rush or not to earn such profit.
Cryptocurrencies are not secure our stable since the beginning, what others doing are going with the flow and observing its status to know when to sell and hold. With that they are earning their desired profit.

Compiler

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Quote from: Pursuer on May 23, 2018, 08:46:48 AM

if I buy $100 worth of bitcoin and enjoy using the only decentralized currency in the whole world am I taking more risks than benefits? of course not.

you see everything is a matter of perspective. if you are investing all your life savings and taking a loan to invest in bitcoin and a lot of other weird shit then of course the risks are a lot more than the benefits.
but if you are investing some money that you don't want or better yet some money that you were wasting, like if you were smoking, you can invest the money you were wasting on smokes every day to put in bitcoin. that is surely a lot more benefits than the risks.

Yes im agree, or maybe you can do like Didi Taihuttu, who sold all of his belongings to invest in bitcoin, but maybe you lose it all Lips sealed

If dont know who is this man: http://www.businessinsider.com/didi-taihuttu-sold-everything-for-bitcoin-fans-2017-12

It's very popular.

apelmerah

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I think it is inversely related to the statement by the Madrid bank, because as long as I know and trade and also invest in bitcoin, I get a lot of benefits from bitcoin.

Umuoji

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Bitcoin have more benefits than risk

Pursuer

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Where is my ring of blades...

if I buy $100 worth of bitcoin and enjoy using the only decentralized currency in the whole world am I taking more risks than benefits? of course not.

you see everything is a matter of perspective. if you are investing all your life savings and taking a loan to invest in bitcoin and a lot of other weird shit then of course the risks are a lot more than the benefits.
but if you are investing some money that you don't want or better yet some money that you were wasting, like if you were smoking, you can invest the money you were wasting on smokes every day to put in bitcoin. that is surely a lot more benefits than the risks.

Underlord

newbie

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Maybe I also agree with you, if you still do not know bitcoin better do not invest first because you will only get losses in the can. If you have acquaintances in bitcoin, maybe you should learn from him first.

Compiler

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Quote from: Melody2 on May 23, 2018, 08:30:47 AM

Keeping money in the bank alone is a risk in itself.

Oh yea, i think that maybe it's better invest on Bitcoins than have money in the bank Grin

Melody2

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Well, I am yet to see an investment that has zero risks. Keeping money in the bank alone is a risk in itself. All this naysayers just want disprove the value of Bitcoin just so they can be right about their hunches. Bitcoin will rise above all currencies and those who miss out on it will regret it later

Thian778

newbie

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Bitcoin doesn't have benefit like health insurance like when we work on our real job wherein that is part of our benefit, but, in other side, if you take risks on BTC and earn big for it then you have a money bigger than the insurance you can get on your health insurance, that is also a huge gap to boost about Bitcoin.

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