Topic: The risks of using Bitcoin - page 10. (Read 1437 times)
I appreciate your sharing this post because, about the real high risk when we have decided to invest in this market, the risk is something to accept, but in order to minimize the risk, we need to understand all the technologies as well as the development direction of the project as well as BTC.
No doubt that bitcoin security is better than bank system, because it can't be controlled by government then the easiest way is to ban bitcoin, but i'm sure because of strong global community make bitcoin will continue to shine.
the security of bitcoin isn't good mate that's why op telling the risk when it comes having such asset wherein reason as well government were against in it and most of them wants to ban bitcoin. But yes because of strong support of bitcoin it can be vanished no matter what happen.. Probably let's just a accept the fact that it's okay how it can be use it right now, instead of assuming something very impossible to happen in the future , right? 
Here are 3 crypto investment risks to understand:
1. The risk of cryptocurrencies is relatively large because the medium of exchange only uses cryptography. This means that there is no guarantee of assets from the investments invested. 2 Fluctuations in the price of digital money are also very high. So that it becomes a trading transaction that is classified as very speculative. But we don't need to be afraid of all the risks, because if there is no risk, there will be no profit.
1. The risk of cryptocurrencies is relatively large because the medium of exchange only uses cryptography. This means that there is no guarantee of assets from the investments invested. 2 Fluctuations in the price of digital money are also very high. So that it becomes a trading transaction that is classified as very speculative. But we don't need to be afraid of all the risks, because if there is no risk, there will be no profit.
every action there must be a risk as well as bitcoin investment, but if we are careful then the risk is small and if we are greedy then the risk faced is very large depending on how we control our emotions,
So far I buy bitcoin only for investment. Bitcoin can also be used as a means of payment but the reason people buy bitcoin is for investment. Investing in bitcoin also has risks, but investing in bitcoin can make us get big profits. So I think the risks of investing in bitcoin smaller than on profits.
The risk of law and policy seems redundant to me so I don't think that it should be separated plus they're a difficult one to avoid because it's the government itself that we are against and we all know that what the government wants, they will always be able to get it.
right, the government makes rules and we have to obey them, if we fight them we will certainly deal with the law, therefore for bitcoin I think we are still lucky that bitcoin ownership is not prohibited, but we must not use it as a means of payment, and if it is for trading then there is a risk losing money is personal responsibility
The risk of law and policy seems redundant to me so I don't think that it should be separated plus they're a difficult one to avoid because it's the government itself that we are against and we all know that what the government wants, they will always be able to get it.
- The risk of Policy
- The risk of the law
- The risk of Substitution
Quote
This is a systematic risk, and it is difficult for individuals to avoid it.
- The risk of Speculation
- The risk of Money laundering
I only consider the risk of policy and law are the real risks of using bitcoin for a common people like us! The other risks are not really risks per say. It's just that the crypto ecosystem is still at a nascent stage. So we probably will see more robust framework to encounter such risks and eventually mitigate them.
But the government policy or law is the real challenge where we don't have any real control. We are simply at a mercy of the politicians and beaurocrats. Other risks are manageable while the first two are not!
But the government policy or law is the real challenge where we don't have any real control. We are simply at a mercy of the politicians and beaurocrats. Other risks are manageable while the first two are not!
Yes, I agree with you. You added what I wanted to express.
Of all the risks written by the op, the one I'm most worried about is speculative risk, which in my opinion, often happens like a bubble because of issues created by whales. At this time, the market is still very new to dealing with sensitive issues so that prices often go up and down until the difference is very large. Sometimes the government and the market are not much different. If you follow the market, then who has the most money will have a big influence in the market so it will be easy to create issues that will increase profits.
Thank you for your reply. Investment risks are great for individuals, but you can choose investment methods to deal with them.
The degree of the risks that you mentioned was much higher before than today. And if Bitcoin was able to reach the mainstream amidst those higher risks in the past, then it could be more easily adopted now. It is obvious that Bitcoin is now more acknowledged as a financial alternative, whether an asset or a currency, than as a rogue currency in the past.
Also, it seems Bitcoin cannot be made to bow down to policies and laws. There are countries which treat Bitcoin as a sort of an enemy like Nigeria. But notice how Bitcoin even thrives more in those areas.
Also, it seems Bitcoin cannot be made to bow down to policies and laws. There are countries which treat Bitcoin as a sort of an enemy like Nigeria. But notice how Bitcoin even thrives more in those areas.
actually this is a general statement and not only be addressed in Bitcoin but the Whole cryptocurrencies .
meaning that the risk is in every coin we will be investing .
meaning that the risk is in every coin we will be investing .
In the case of the risk that you describe, the risk of money laundering is what is considered by every country not to legalize bitcoin until now, because it is true that if bitcoin was legalized, many officials and rich people manipulated their wealth by investing in bitcoin in addition to money laundering.
yes that is one fact that laundering is what the reason why government is trying to hinder total adoption of this currencies. 
Of course, there are risks in using Bitcoin, like any other monetary system. There are great risks and benefits. The first of these risks, in my opinion, is sharp fluctuations in prices, but this can have two sides. There can be loss, but also there can be high profits, also there are risks in laundering Funds move money across borders easily and this causes great concern to all governments.
As for the rest of the risks that you talk about, they are a source of concern for governments and central banks, not for ordinary people. On the contrary, they can be considered advantages and not risks. Therefore, by comparison between the risks and benefits in using Bitcoin, we find that the benefits or features in using Bitcoin are very large and overcome any other monetary system, especially These risks can sometimes be overcome or bypassed, and this makes Bitcoin superior to all existing monetary systems.
As for the rest of the risks that you talk about, they are a source of concern for governments and central banks, not for ordinary people. On the contrary, they can be considered advantages and not risks. Therefore, by comparison between the risks and benefits in using Bitcoin, we find that the benefits or features in using Bitcoin are very large and overcome any other monetary system, especially These risks can sometimes be overcome or bypassed, and this makes Bitcoin superior to all existing monetary systems.
In the case of the risk that you describe, the risk of money laundering is what is considered by every country not to legalize bitcoin until now, because it is true that if bitcoin was legalized, many officials and rich people manipulated their wealth by investing in bitcoin in addition to money laundering.
- The risk of Policy
- The risk of the law
- The risk of Substitution
Quote
This is a systematic risk, and it is difficult for individuals to avoid it.
- The risk of Speculation
- The risk of Money laundering
First of all though i don't have lots of technical knowledge because i am a student of accounting subject. And just studying at undergraduate position. Now the main thing what government aware the biggest risk factor in bitcoin which was money laundering Through bitcoin. Now my question is if bitcoin is banned in any country how they buy huge amount of bitcoin well its not possible in online p2p site reason no one will trust someone for a huge amount. Or if how he payment obviously if amount is big then obviously through bank account then if he done any biggest transaction Through bank account then obviously bank will hold the transaction until knowing the reason. Heres how he got caught. Then second way Through Through black market if a person know about black market then i don't think so is it matter of dose he had bitcoin or not he can laundering he money any way. Then another one is swissbank. Well i don't have any knowledge about it too. Well i don't think so for money launder is it matter bitcoin any law risk of their country.
Main thing is if government approved btc then they can more monitoring the btc activity of their country. Otherwise law will be just a colum for government law book. Its won't matter for anyone.[/list]
I only consider the risk of policy and law are the real risks of using bitcoin for a common people like us! The other risks are not really risks per say. It's just that the crypto ecosystem is still at a nascent stage. So we probably will see more robust framework to encounter such risks and eventually mitigate them.
But the government policy or law is the real challenge where we don't have any real control. We are simply at a mercy of the politicians and beaurocrats. Other risks are manageable while the first two are not!
But the government policy or law is the real challenge where we don't have any real control. We are simply at a mercy of the politicians and beaurocrats. Other risks are manageable while the first two are not!
The greatest danger can be in the ignorance of many in the current financial system and considering Bitcoin as a means of quick profit, and therefore all they care about is the price aspect apart from all the other advantages that this technology provides.
The rest of these risks will diminish over time and within 10 years the risk of securing the private key/seed will remain the biggest problem.
The rest of these risks will diminish over time and within 10 years the risk of securing the private key/seed will remain the biggest problem.
From a macroeconomic perspective, due to the “constant total amount” of Bitcoin, its circulation will be accompanied by the flow of goods and services, which has a small transmission effect on inflation. Adding the weight of Bitcoin to the world currency can weaken the transmission effect of monetary policy.
I am deep in thoughts on this. Bitcoin having an effect on inflation either small or not, is it a good thing or a bad thing?Use your vote and the votes of your family and friends to vote for a government that can bring change that favor Crypto currencies. The older generation will vote for "Fiat" based governments, because they accepted that as the norm. The younger generation wants change and they want more effective currencies and technologies... so go out and get the votes of these people to make Crypto currencies the new standard. 
On this, you can't blame the people that much, not like your blaming them though but, the youths are barely given a chance to actively participate in politics. Thats with regards to aspiring for some of the top offices. Not because there is a policy that hinders them from doing so or they dont have enough resources but, somehow, the party system gives more emphasises to aged members of the party and are more likely to project them as flag bearers than the youths.
Of all the risks written by the op, the one I'm most worried about is speculative risk, which in my opinion, often happens like a bubble because of issues created by whales. At this time, the market is still very new to dealing with sensitive issues so that prices often go up and down until the difference is very large. Sometimes the government and the market are not much different. If you follow the market, then who has the most money will have a big influence in the market so it will be easy to create issues that will increase profits.
I think a lot of people are putting too much emphasis on the risks involved with governments and regulations. In most countries, governments are chosen by the people through a voting system. If you are lucky enough to live in one of these countries, then you have a say in what happens.
Use your vote and the votes of your family and friends to vote for a government that can bring change that favor Crypto currencies. The older generation will vote for "Fiat" based governments, because they accepted that as the norm. The younger generation wants change and they want more effective currencies and technologies... so go out and get the votes of these people to make Crypto currencies the new standard.
Use your vote and the votes of your family and friends to vote for a government that can bring change that favor Crypto currencies. The older generation will vote for "Fiat" based governments, because they accepted that as the norm. The younger generation wants change and they want more effective currencies and technologies... so go out and get the votes of these people to make Crypto currencies the new standard.
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