Post
Topic
Board Economics
Re: Investing in Bitcoin? Advantages and Disadvantages
by
BartS
on 26/06/2018, 16:39:38 UTC
#Gain
By using this bitcoin, the transaction process you need can run faster even if your relation is abroad. You do not need to take a lot of time and energy because transactions using bitcoins do not need financial institutions. So the transaction process can run faster.

#Loss
Bitcoin prices are rising and falling sharply in a short time, would be a problem for one of the actors selling and buying bitcoin. But actually, bitcoin investment can provide many benefits if potential investors know and really understand the system, problems, and all forms of bitcoin risk.
The volatility is fine for people like us that are willing to deal with it and the same is true for speculators that in fact love the volatility but if we want that bitcoin is used in the future then we will need to volatility to be a lot lower so the average person can use it and feel sure that the price is not going to crash overnight, this is going to take some time but I'm sure this is something bitcoin can reach in the next decades as people discover the other great advantages that bitcoin offers over fiat.