Post
Topic
Board Bitcoin Discussion
Re: Bitcoin have more risks than benefits?
by
Mostyn
on 30/05/2018, 10:33:02 UTC
I’m going to go out there and say that the benefits of Bitcoin far outweigh the risks.

Let’s say I take a week’s income and invest the lot, worst case scenario Bitcoin fails and I lose a week’s income.

However, it’s important to remember the magnitude of what your investing in here, something that has the potential to change how
The world operates, like the internet back in the late 90’s.

Don’t forget people investing in those little known companies back then may have considered their $100 investment in Amazon
or Google ‘risky’ but I’m pretty sure that upside turned out to considerably outweigh the risk of losing their initial investment.

So in my view, whilst Bitcoin is different to the internet, it has equal capacity to change the status quo, so the risk of losing my initial outlay is
Almost inconsequential to the potential benefits I may reap as Bitcoin gains popularity across the world and rises in value.