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Topic: The risks of using Bitcoin - page 7. (Read 1437 times)

hero member
Activity: 2506
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Eloncoin.org - Mars, here we come!
August 23, 2021, 12:29:16 PM
#85
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.
High volatility can be of advantage too. Consider you made a deal when bitcoin price was 30,000$. Now bitcoin price is 50,000$ means that you are in a 2x profit (approx.).  So you should consider both sides as if the price goes high, you will be in advantage.
newbie
Activity: 14
Merit: 0
August 23, 2021, 07:36:30 AM
#84
The only risk of using Bitcoin is that if we make a mistake in entering the destination wallet address, we will lose all our money. It is done formally and informally in this area
full member
Activity: 1162
Merit: 106
August 22, 2021, 06:10:04 PM
#83
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.

Government regulations will not be able to control the risk of bitcoin because bitcoin and crypto are decentralized, what we can do is always understand that the concept of decentralization depends on the market situation, there is an opportunity for red and it can also skyrocket.
full member
Activity: 826
Merit: 100
August 23, 2021, 06:47:31 AM
#83
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.

Government regulations will not be able to control the risk of bitcoin because bitcoin and crypto are decentralized, what we can do is always understand that the concept of decentralization depends on the market situation, there is an opportunity for red and it can also skyrocket.
all risks are in our hands. indeed the most important thing to do is look for the best opportunity to buy bitcoin, so that the opportunity to get profit will be achieved faster and get the maximum. because the government has not legalized it, then we must be careful with our private wallet keys, because a slight mistake can make our assets lost and impossible to return
full member
Activity: 2170
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“FRX: Ferocious Alpha”
August 23, 2021, 05:47:06 AM
#82
There's no investment without risks. Bitcoin is not exempted. The volatility nature of Bitcoin is a unique feature that aids the growth of the market with time. One major risk I see is the risk of being hacked, seeing that bitcoin is a digital currency although it is highly protected from easy access by hackers. I believe it would only take time before many of them start figuring it out. Except Bitcoin it is constantly improved.
lol Bitcoin actually is one of the riskiest coin to invest if you are not willing to Buy and Hold because while This coin is the slowest moving coin also this is the fastest dropping coin.
so best to be ready riding with bitcoin because this may bring you to the losing hard in crypto investment
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.
in terms of payment , if you will not deal in fiat value then there is no risk in using bitcoin because paying and accepting bitcoin is not affected in any cause of fiat.
jr. member
Activity: 48
Merit: 2
The Standard Protocol - Solving Inflation
August 23, 2021, 05:23:18 AM
#81
There's no investment without risks. Bitcoin is not exempted. The volatility nature of Bitcoin is a unique feature that aids the growth of the market with time. One major risk I see is the risk of being hacked, seeing that bitcoin is a digital currency although it is highly protected from easy access by hackers. I believe it would only take time before many of them start figuring it out. Except Bitcoin it is constantly improved.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
August 22, 2021, 04:42:56 PM
#80
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.
Well, there are too many factors of risk in bitcoin but I don't see the volatility as the major risk, because most likely holders will not be losing their capital amount since no one will be selling bitcoin at the lowest price. The risk of bitcoin that I afraid of are those big holders or big players in the market, once all of them were have the same idea to sell their bitcoin, that could be a huge dump possible. However --for now, let us not think that matters, enjoy your life because that is too short.
newbie
Activity: 10
Merit: 1
August 22, 2021, 02:53:50 PM
#79
In fact, the most important risks are being deceived and getting losses on exchange rate differences. In terms of losses in work, this is probably the most unpleasant.
legendary
Activity: 1932
Merit: 1757
August 22, 2021, 03:13:16 PM
#79
I think that the biggest risk of using Bitcoin is its volatility. Volatility is everything of this market and Bitcoin. It is the main structure of all of the cryptocurrencies. When you decide to invest into Bitcoin, you accept that you are taking the risk of losing your money also. You are aiming to benefit from this volatility in the end. That's why you are investing into Bitcoin. Some people don't care about it. And when they start losing money at a fast pace, they get scared and start panic-selling. This destroys the market also.

So, one should be aware of the risk before starting to trade Bitcoin. There is no guarantee for you. There will always be ups and downs in the price. You should draw a roadmap for yourself and act according to it if you are having a problem on managing your investment.
member
Activity: 201
Merit: 11
August 22, 2021, 03:01:13 PM
#78
The high volatility is a major risk. People who accept BTC as a means of payment are often in the red when prices are falling. Government regulations represent another risk.
member
Activity: 84
Merit: 10
August 22, 2021, 02:38:51 PM
#77
One of the biggest risks for bitcoin right now is regulation. In recent weeks, China has clamped down on its cryptocurrency industry, shuttering energy-intensive crypto mining operations and ordering major banks and payment firms like Alipay not to do business with crypto companies.
Also the government are ban in some countries because of alot things going in there country due to Bitcoin and why some are using the influence of it to laundering money, especially in my country.
Bitcoin is a high risk investment but profitable when the market goes your direction.
full member
Activity: 882
Merit: 110
August 22, 2021, 11:24:28 AM
#76
Policy risks may be difficult for us to avoid. even we have to follow the policy. because usually the policy risk is applied in the country where we live. we can only follow government rules and play properly so we can use bitcoin safely
legendary
Activity: 2716
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August 22, 2021, 11:43:03 AM
#76
Actually it's obvious that no investment that doesn't involve into risk, so any cryptocurrency more especially bitcoin investor don't really consider it's speculation as a challenge, because an investor knew that for investment two things are involved which are advantage and disadvantages, weather the market go against the wishes of the investor or it comes to the profit of bitcoin, so in all aspects investment they most be risk, entrepreneurship let us to understand that risk taker's are pron to accelerate for life, so we don't have to be afraid of risk when it come's to bitcoin industry or investment.
Those who are afraid of the risk of speculation are novice investors who are just getting into bitcoin. we know bitcoin price fluctuations are very high, there can be sharp declines and increases and only a few minutes. those who are real investors and have mastered the market will not panic with the risks that will occur. they have a good strategy.

whatever the risks involved in using bitcoin, it is a challenge that will train in all aspects. Bitcoin is able to provide more profits and can provide painful losses.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
August 22, 2021, 02:34:35 AM
#75

  • The risk of Speculation
    Bitcoin does not have national credit or physical assets as protection, and the price may fluctuate sharply, which is extremely risky for investors. However, in my opinion, speculation is a high risk but also an opportunity, and it depends on the individual.
Actually it's obvious that no investment that doesn't involve into risk, so any cryptocurrency more especially bitcoin investor don't really consider it's speculation as a challenge, because an investor knew that for investment two things are involved which are advantage and disadvantages, weather the market go against the wishes of the investor or it comes to the profit of bitcoin, so in all aspects investment they most be risk, entrepreneurship let us to understand that risk taker's are pron to accelerate for life, so we don't have to be afraid of risk when it come's to bitcoin industry or investment.
sr. member
Activity: 1428
Merit: 252
August 22, 2021, 01:54:47 AM
#74
The money laundering somehow gets controlled by the government by doing KYC verification. I had seen that quite a lot when using any custodial wallet involving crypto. That is what they fear of.
Though at some point, I wouldn't let anyone get hold of my money anyway. I wouldn't send it to anyone that is surely not part of what I am aware of interacting at everyday.

There are many accusations that bitcoin is used for money laundering, of course there is no valid data that can confirm it, I have never heard of any cases and confiscations of corruption stored in the wallet so everything is still under suspicion.
hero member
Activity: 1442
Merit: 510
August 22, 2021, 12:14:21 AM
#73
what are the risks of bitcoin?? so if we send Bitcoin to the wrong person, or our Bitcoin wallet is hacked and someone steals our Bitcoin, it is very difficult and even impossible to get it back. Bitcoin is also not protected by any entity, so if we lose Bitcoin, the service provider or 'Bitcoin network' cannot compensate us. That's why we have to use trusted products and service providers to help us, which I know is often the case. on bitcoin, it's not someone else's fault, but our own fault..
sr. member
Activity: 2618
Merit: 439
August 22, 2021, 12:02:32 AM
#72
you forgot to  out is the greediness and noob of some users , this is the risk if you know nothing about what you are doing and just engaging according to what have told you and not because of your own studying.
we as users usually put ourselves at risk and that is not what about those you mentioned.
our faith depends on our knowledge and not because of the real time scenario .
jr. member
Activity: 209
Merit: 2
G I S T C O I N
August 21, 2021, 11:38:02 PM
#71
BTC is currently a huge place for criminals to take advantage of money laundering, and most central banks are still hesitant about accepting BTC as a payment currency because BTC is unstable and has a high risk thoughts of those who don't acknowledge the technology background of BTC. Most of the time now BTC is more accepted and popular but we all have to admit that BTC is not a coin that stabilizes a price over time like traditional stablecoins.
legendary
Activity: 2660
Merit: 1074
August 17, 2021, 02:11:04 AM
#70
The risk of Substitution
The risk of substitution is the least thing I am even going to think of for now, because I know for sure that other coins that we have in the market right now has a lesser chance of replacing Bitcoin for now as I am seeing it. Though I do think that after the last halving things are going to be a bit different, but let’s keep waiting till then.

And moreover I don’t think that it is going to be bad, Bitcoin will continue to stand strong as long as the developers are doing the things that they are supposed to do to keep the network going seamlessly. So, I will say that the developers also has a part to play in making sure that Bitcoin continues to stay.
legendary
Activity: 2422
Merit: 1140
duelbits.com
August 16, 2021, 06:46:44 PM
#69
So I would say you can never win without risking your life.
What is the correlation to Bitcoin, mate?
Do you mean to succeed in your life, you need to invest in Bitcoin?  Grin
Bitcoin is surely a high-risk investment but it also has a bigger advantage than other investments. Bitcoin offers possible higher profits, and investing in Bitcoin is easier than common investments.
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