Post
Topic
Board Economics
Re: Does engaging with bitcoins put you at risk?
by
radjie
on 14/06/2019, 23:04:04 UTC
Bitcoin is not created by any government or organization so it cannot be an official thing,its like open source for everyone and its has been used as currency on many places.If you talk about the unstable value then you are at risk but when you are holding it,you never going to see failure in the value.So you are at better place when you invest this money into other form of investment.

By investing in Bitcoin you put yourself at a certain risk, but this risk is no higher than investing money in a bank with interest. Bitcoin was and will remain under your control, but the money in the bank is not.
I think everything is the opposite of what you say, investing in bitcoin is more risky than investing in a bank because bitcoin is never under our control when bitcoin always has a very wide range of changes, the risk is not as fixed as we think and often face unexpected situations, so we always put ourselves at risk every day as long as we hold bitcoin. But even knowing these problems, people still prefer to invest in bitcoin because with uncontrollable changes, it can always generate huge profits, banks can't do that, so taking higher risks when participating is what everyone agrees

yes, Bitcoin has yet to get full responsibility by most governments so investing in bitcoin clearly has a very high risk compared to investing money in banks that already have government attention and responsibility. people who dare to invest their money in bitcoin of course they have to be able to bear all the risks that will be faced, but even so, bitcoin has become a public spotlight for people who use it, because most people believe investing in bitcoin can provide greater benefits in the future compared to the interest earned from the bank. however, investment in bitcoin clearly has a very high risk