Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Claus on June 06, 2018, 07:15:24 AM
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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://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
(https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1)
What is your opinion?
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Bitcoin have considerable risk but we can't say it is more than their benefits. Because we can earn money and can get high profit by investing on bitcoin.
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I don't think so. I usually reading an article about the negative feed back of banks against bitcoin.
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Bitcoin is most definitely a risky investment but for me personally, it is worth it. The potential grows of BTC makes me take this risk. Bitcoin has more benefits than risk.
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I don't think Bitcoin is more risky than the benefits. The benefits are more higher than the risks involved. In life, without risks, you will never gain anything.
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There are considerable risks with every investment. Btc is no exception. However, to say Btc is no worth its value, I don't think it is true. A lot of wealth can be amass from Btc and so it is far better to invest in Btc than any other currency
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They keep on saying that and Bitcoin is still alive. I think they want to centralize the use of BTC and then get optimum control
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I don't think Bitcoin is more risky than the benefits. The benefits are more higher than the risks involved. In life, without risks, you will never gain anything.
I think bitcoin has more benefits than risk, but it all depends on those who use, for me bitcoin has many benefits in daily life
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Everything has some risks involved, even the food we eat and water we drink has some risks involved. I agree that bitcoin has some risks but the benefits surpass the risks so i will continue investing in it
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Newly appeared business normally have more risks than what the normal business in the society. There are more innovations and indeed. Adjustment, classification of the possibilities, advantage and disadvantage should be identity before totally engage to the business specially if the perspective business is related to cryptocurrency (banks).
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Bitcoin has more benefit of course, the only current problem is precisely the banks and governments, it will always be the same, at first they prohibit what they do not control, then when they understand the advantage of technology they run behind the train...
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The higher bitcoin grows in price, the more risk it presents when investing in it. Now the price of bitcoin is pretty decent, so in the future investors will pay more attention to cheap altcoyins, which can already bring more profit than bitcoin.
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Every investmenting there is always possible risks that you may incounter. In bitcoin, i dont think that risks is greater than its benefits. Because there are many investors still do investing in bitcoin for the big profit they will get and also benefits even though they will encounter risky thing.
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Bitcoin has more benifits than risk because bitcoin gives an oppportunities to those people who are not yet employed.
Bitcoin provides a money .Risk is a part of humans life to experience risky in life to be more confident and hardworking person .
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Risk is the mirror of benefits. We can't denied that especially if we talk about bitcoin.
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Bitcoin is still in it prime stages. It will take time for it to be fully grounded to become much stable and have minimal risk.
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Yes it is. But it will only possible if you make investment during the all time high compare to invest during the crash period.
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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://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
(https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1)
What is your opinion?
Bitcoin for me has more benefits than risk most especially when the price will rise or goes down,when the price rises more investors earn profit and when the price dumps investors can take advantage on the low price of bitcoin than possibly give them chances to invest in it.
The decentralization concept that government cannot control was one also of the the reason why it is more advantage to invest in bitcoin or other altcoins.
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It's true there are lots of risk. There is a possibility of losing all your money overnight in this market and this is a very serious risk. In addition, there is no one to solve your problem in any problem because it is decentralized. For example, if you lose your bitcoin wallet password, no one will be able to help you.
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risk or benefit it depends on ourselves. which is definitely what I feel since investing in bitcoin. I can have additional income. although sometimes I have to wait a long time to earn a profit .
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the name of the risk is certain. either business in the real world or in the digital world. the most important is how we respond and live it. we must be smart in determining the steps we are doing .
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It depends on the trading strategy you follow, but even with a weak strategy if you hold for long you can still get some profits.
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Banks fear bitcoin because it upsets their status quo. The banking industry has been ruling the world for generations now, because there is no other realistic way to transfer currency across long distances. They over charge, keep poor people down, and abuse their power regularly. Bitcoin is above all that, it cannot be hacked, it cannot be abused, and it cannot be corrupted. Wells Fargo, bank of america, citibank, all these major corporations have done tons of things to their middle class consumers to bleed them out little by little. Bitcoin and the technology behind it will eventually end this type of abuse and create a financial transaction system that is beyond corruption and abuse. There are risks, the volatility for instance, but that is something that will eventually be solved. Blockchain technology benefits FAR out weigh any potential risks, the world could possibly be made a better place because of it.
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Bitcoin has considerable at risk but we cannot say it is more than their benefits because we can earn money and can get high profit by investing on bitcoin.Bitcoin has more benefits than risk.
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I think at this time I agree that bitcoin have more risk than benefits because the market for now is not good and may risk our money if we force to invest today due to continous drop.
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that's right. because bitcoin prices hard to predict by anyone. unless we have a large capital and are able to raise the price of bitcoin. but I personally like and love to invest in bitcon. because I can still get a profit though long term .
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I think Bitcoin has more benefits than risk. Bitcoin is a technology that can be the future for us. But if we talk about risk, I believe every investment is risky. Every thing has a positive and negative impact, as well as bitcoin.
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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://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
(https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1)
What is your opinion?
No, I am not agree about that. I think Bitcoin is more profitable than risk. I have invested in bitcoin since 2017, I have gotten alot benefits from it.
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Bitcoin is most definitely a risky investment but for me personally, it is worth it. The potential grows of BTC makes me take this risk.
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many of the risks that can be obtained depend on the holder, must be smart to use it, not careless, and who is always happy to read and find useful information so as not to lose your money .
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if for high risk depends on the trader whether they take the right decision, or or he also takes a favorable decision.