Post
Topic
Board Bitcoin Discussion
Re: The risks of using Bitcoin
by
Imran232
on 11/08/2021, 18:36:43 UTC

  • The risk of Policy
  • The risk of the law
  • The risk of Substitution
Quote
This is a systematic risk, and it is difficult for individuals to avoid it.
  • The risk of Speculation
  • The risk of  Money laundering
    We can control these two risks ourselves. This is not all risks, you are right, but also opportunities. Investors can profit from it.


    First of all though i don't have lots of technical knowledge because i am a student of accounting subject. And just studying at undergraduate position. Now the main thing what government aware the biggest risk factor in bitcoin which was money laundering Through bitcoin. Now my question is if bitcoin is banned in any country how they buy huge amount of bitcoin well its not possible in online p2p site reason no one will trust someone for a huge amount. Or if how he payment obviously if amount is big then obviously through bank account then if he done any biggest transaction Through bank account then obviously bank will hold the transaction until knowing the reason. Heres how he got caught. Then second way Through Through black market if a person know about black market then i don't think so is it matter of dose he had bitcoin or not he can laundering he money any way. Then another one is swissbank. Well i don't have any knowledge about it too. Well i don't think so for money launder is it matter bitcoin any law risk of their country.

    Main thing is if government approved btc then they can more monitoring the btc activity of their country. Otherwise law will be just a colum for government law book. Its won't matter for anyone.[/list]