Investing in Bitcoin? Advantages and Disadvantages - page 3.

julzcoinbit

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Activity: 434

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Quote from: Xising on October 21, 2018, 03:00:15 PM

Quote from: PEG-TOKEN on December 23, 2017, 05:43:20 PM

The advantages are vast bitcoin is fast becoming mainstream and more widely available.

I would point out that the disadvantage I feel is people jumping in at the wrong time. I have seen people jump into bitcoin and make mega bucks and the other extreme of the table lose it all and end up with nothing.

Always keep this in mind.

Quitting while your ahead... Is not the same as quitting..

I agree. However, right now, I can tell you that it has more disadvantages than advantages, therefore, if you really are serious with investing, then I urge you to keep at it and continue. However, if you are just doing it without any clear purpose and you just feel like you're being drawn to it because of the many comments and things people has to say about it, then I suggest you think things through because the cryptocurrency market is not an easy one to be one. For one, the return may take time since the increases come and go. Also, the market is usually at a constant stand still, thus, it's very hard which venture would be best to try, especially if you're a beginner. Also, you really have to invest a lot of time and patience, to some that in itself is hard to do.

I guess you cannot feel the disadvantages of bitcoin if you just keep believing on it. Through making an Investment of it by holding it in a long time with patience ofcourse, because if we just notice market value of bitcoin
It is increasing year by year, so I guess this is one of the important aspect the advantages of bitcoin.

Gagah119

jr. member

Activity: 295

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Investing in crypto is indeed challenging, because if we are wrong it can cause bad consequences, foresight and patience will be needed to avoid the risk of loss if you invest in cryptocurrency.

Ekimzjames20

member

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Merit: 10

Quote from: sirminesalot on October 21, 2018, 03:15:39 PM

actually there are no coins that are detrimental if we use them well and patiently then there is no loss. most people panic, selling coins without thinking about the risk. of course bitcoin is very profitable because the selling price is high and easy to sell when the market is stable again.

All we know than investing in bitcoin is give as a big profits and that is one of the assets that people enter in crypto world. Risk is always there in every investment, and people know how to manage it, is the winner.

sirminesalot

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actually there are no coins that are detrimental if we use them well and patiently then there is no loss. most people panic, selling coins without thinking about the risk. of course bitcoin is very profitable because the selling price is high and easy to sell when the market is stable again.

Xising

sr. member

Activity: 910

Merit: 257

Quote from: PEG-TOKEN on December 23, 2017, 05:43:20 PM

The advantages are vast bitcoin is fast becoming mainstream and more widely available.

I would point out that the disadvantage I feel is people jumping in at the wrong time. I have seen people jump into bitcoin and make mega bucks and the other extreme of the table lose it all and end up with nothing.

Always keep this in mind.

Quitting while your ahead... Is not the same as quitting..

I agree. However, right now, I can tell you that it has more disadvantages than advantages, therefore, if you really are serious with investing, then I urge you to keep at it and continue. However, if you are just doing it without any clear purpose and you just feel like you're being drawn to it because of the many comments and things people has to say about it, then I suggest you think things through because the cryptocurrency market is not an easy one to be one. For one, the return may take time since the increases come and go. Also, the market is usually at a constant stand still, thus, it's very hard which venture would be best to try, especially if you're a beginner. Also, you really have to invest a lot of time and patience, to some that in itself is hard to do.

syamster

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Quote from: ngalamunan on October 17, 2018, 08:36:07 AM

Quote from: camric09 on October 11, 2018, 10:36:56 AM

Quote from: ?? on ??

As you all know, investing in Btc can be risky, but a lot of people invest. One simple thing is that it can bring big income for us. But not everyone has. Being rich by Btc, you do not have the knowledge you will fail. Believe in your ability but do not blindly.

Yes there will always be a risk in investing in bitcoin and we cannot avoid it to not happen, the best thing to do is to keep searching and learning new strategies in making new investments.

I think in business there is a word of loss and profit. a good advantage in bitcoin is to get a lot of money if the investment is successful from making us rich suddenly. the disadvantage is that if we have invested for a long time and have not produced anything that is a loss, loss of time and effort.

In order to find a solution for this problem which is a disadvantage for you, you will need to diversify your saving amount in multiple sources along with the Bitcoin. So, you will have another source to handle and may give you profit on one side and on the other side Bitcoin will also be in progress. Disadvantages exist everywhere but there are alternatives as well through which you can deal with anything in any conditions.

darkphoenix2610

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Quote from: Rashid555 on October 18, 2018, 01:07:42 PM

Advantages of bitcoin will be more than it's disadvantages because those use it who knows that it is good to them and speculators and those who pay online amounts for trading of goods and services it is good to them while in future the payroll and staff salaries will be also through this and they will use an online wallet for these transaction. Bitcoin is very important for the softwares developers and the make online transactions.

There are a lot of advantages and dis advantages in investing in Bitcoin, It is common for the investors that they encounter some of thos dis advantages, Like loosing money or failure in making profits, The advantage in investing in Bitcoin is the potential of it to grow in the future.

BCTalkaccountforsale

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Activity: 308

Merit: 101

Quote from: arief89 on December 23, 2017, 05:40:30 PM

The advantages of investing in bitcoin are huge, and the main advantage is getting huge profits, and the losses on bitcoin are also huge, as bitcoin prices sometimes go up and down, so we can lose if we can not analyze bitcoin prices.

Yes, investing in Bitcoin should anticipate Bitcoin's future price, which is expected to be an integral part of investing in Bitcoin. It gives investors the confidence to make the right choice.

Rashid555

full member

Activity: 350

Merit: 100

Advantages of bitcoin will be more than it's disadvantages because those use it who knows that it is good to them and speculators and those who pay online amounts for trading of goods and services it is good to them while in future the payroll and staff salaries will be also through this and they will use an online wallet for these transaction. Bitcoin is very important for the softwares developers and the make online transactions.

stiffbud

hero member

Activity: 980

Merit: 500

Bitcoin is highly used for investment purposes because if its profitable investment criteria. The main advantages of bitcoin investment is bitcoin price.. Bitcoin price is higher then that of any other cryptocurrency. In this time one bitcoin is equal to approximately 6299 dollars. And Because of its price it is profitable for short term investment. The biggest disadvantage of bitcoin is its volatile nature and because of this its price fluctuate time to time. And Because of this investment loss their money.

summersky2126

newbie

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Advantage:
Cryptocurrencies offer various practical merits over more fiat money as well. For instance, citizens of developing countries may find it challenging to locate a currency with any value in the global financial marketplace. This would mean that such a populace will effectively be locked out of the global financial system. Cryptos with universal access such as Bitcoin would open the global market for such people allowing them to participate in the worldwide economy.

Disadvantage:
On the other hand, cryptocurrencies serve no practical purposes in the contemporary marketplace and have nothing underwriting their value. As such, it is theoretically impossible to assign a value to them apart from the fact a few users have accepted to use them as currency or token and the usual economics of demand and supply.

Forhadm

full member

Activity: 434

Merit: 100

Investing money has some Advantage and some Disadvantage
For my side I think that
advantages.
1. If invest then get more profits.
2. It can be very rich soon.
3. Hugh price increase potential
..........................
disadvantages.
1. It has some Ricky
2. high transacation fees to move slow transaction

arin_muah

sr. member

Activity: 504

Merit: 250

Quote from: ngalamunan on October 17, 2018, 08:36:07 AM

Quote from: camric09 on October 11, 2018, 10:36:56 AM

Quote from: ?? on ??

As you all know, investing in Btc can be risky, but a lot of people invest. One simple thing is that it can bring big income for us. But not everyone has. Being rich by Btc, you do not have the knowledge you will fail. Believe in your ability but do not blindly.

Yes there will always be a risk in investing in bitcoin and we cannot avoid it to not happen, the best thing to do is to keep searching and learning new strategies in making new investments.

I think in business there is a word of loss and profit. a good advantage in bitcoin is to get a lot of money if the investment is successful from making us rich suddenly. the disadvantage is that if we have invested for a long time and have not produced anything that is a loss, loss of time and effort.

did not get any money for the thing we've already done is our risk.and dont give up with this condition.if just one of from many challange.

cluit

legendary

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Quote from: Doyenuklirblok6 on October 12, 2018, 10:06:36 AM

investing with bitcoin is a very promising investment when the price of bitcoin soars up which we can get many times, but when the price goes down it is good to save it first and see the situation.

There are two sides of every coin and about Bitcoin, i can list down the advantages and the disadvantages but the number of advantages surpasses the disadvantages and besides, people prefer to see the profit as a primary output of Bitcoin rather than focusing on the rest of the outputs.

And since the social media and the electronic media portray only the benefits that could be gained by investing in Bitcoin, people are being attracted to the technology for this very purpose. Adding further, the policy makers however keep a sharp eye on all the consequences that could arise as a result of investing in Bitcoin. This is the reason many countries appear to be sensitive to the technology.

ngalamunan

full member

Activity: 332

Merit: 100

Quote from: camric09 on October 11, 2018, 10:36:56 AM

Quote from: ?? on ??

As you all know, investing in Btc can be risky, but a lot of people invest. One simple thing is that it can bring big income for us. But not everyone has. Being rich by Btc, you do not have the knowledge you will fail. Believe in your ability but do not blindly.

Yes there will always be a risk in investing in bitcoin and we cannot avoid it to not happen, the best thing to do is to keep searching and learning new strategies in making new investments.

I think in business there is a word of loss and profit. a good advantage in bitcoin is to get a lot of money if the investment is successful from making us rich suddenly. the disadvantage is that if we have invested for a long time and have not produced anything that is a loss, loss of time and effort.

Altf4

member

Activity: 322

Merit: 10

The investments of cryptocurrency may have advantage and disadvantages, when you invest in bitcoin their are risk to be taken out because this is a digital investments and you must be knowledgeable about cryptos and concept about it , but bitcoin investments you can have the chance to improve our life and can gain many profits in the future, but it also depends on your hardwork and more patience , so be trustful to your bitcoin investment and you will never regret about it.

arin_muah

sr. member

Activity: 504

Merit: 250

Quote from: Raja_Salman on October 12, 2018, 12:20:48 PM

in investment there must be those who experience profits and losses, so all investments like that are at risk. but if bitcoin is one investment that promises the results even though the risk is also large, but it is equal to the benefits

bitcoin investment did not promises their investors profit.even other place they didnt too.but investing in cryptocurrency the risk and gain was equal.so we could be rich and poor in faster time.

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Investing on bitcoin has advantage and disadvantage, like in our lives as a human there is good and bad things same goes with it. The advantage of bitcoin first that it is decentralized, then its features are very helpful, proven and tested already for the 9 years of existence here in blockchain technology. While the disadvantages was there is risk involve due to there is money involve because bitcoin cannot be convert into fiat if we don't trade them first in any exchange platform where its always happened that there is a volatility motion in the market in terms of its value.

Raja_Salman

sr. member

Activity: 511

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in investment there must be those who experience profits and losses, so all investments like that are at risk. but if bitcoin is one investment that promises the results even though the risk is also large, but it is equal to the benefits

Tagus45

copper member

Activity: 275

Merit: 1

Investing in bitcoin is a good investment choice because of the good potential for profit. And for those who experience losses are people who are weak and easily influenced by negative news.

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