Post
Topic
Board Bitcoin Discussion
Re: What factors scare others from investing into bitcoin?
by
Shadowblack
on 14/08/2018, 08:31:29 UTC
Although the growth rate of bitcoin is very fast with many advantages to develop in the future, when investing in this market, investors can't avoid the risk. Investors who have decided to invest may face the following risks:
- Legal issue:
This is the biggest obstacle to the future of Bitcoin or any co-electronics. Accepting or opting for a bitcoin is a payment method of some countries around the world that can make this currency rise or fall. As a result, positive or negative legal changes will have a significant impact on the price of Bitcoin.

- Extension:
Bitcoin transaction time is usually between 30-40 minutes. For Bitcoin to expand and become popular, managers need to shorten the transaction confirmation process. It is not possible for a person to buy a single item that has to wait up to 30 minutes to pay. So, what is the big deal to expand the need for Bitcoin in everyday life?

- Bitcoin companies are attacked:
Bitcoin trading floors with inescapable wealth are becoming the focus of technological crime. Bitcoin history has witnessed the attacks and the Bitcoin price drop.

- Altcoin's competition:
Bitcoin also has other electronic money (Altcoin) in place to try to replace Bitcoin. The other electronic currency was born on the weakness of Bitcoin such as privacy, supply, the speed of transaction ... So Altcoin value is increasing in the market.

Looking at the other, the new electronic money will open up new opportunities for investors when the copper market bitcoin increasingly narrow and increasingly competitive.