Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
The risk and reward of having Bitcoin
by
Barikui1
on 11/12/2023, 07:53:49 UTC
⭐ Merited by LFC_Bitcoin (1)
There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it

*The high volatility attach to it can be very risky.

* It's not generally accepted by all.

* It can be stolen if your system is hacked.

* It's almost near impossible to retrieve if sent to the wrong address.

  advantages of having it

* It can make you filthy rich during the bull run.

* It decentralized, no third party like banks and financial institution.

* It's a self custodian asset, the privacy is priceless.

* It's very accessible at any given point in time.
 
I don't know if I missed some that I didn't mention.