Is there any disadvantage of investing on Bitcoin

[McChris]

Well shall I can't tell if there is any disadvantage on investing in Bitcoin. But where you will say that there is disadvantage is when you invest huge amounts of money and at that period the Bitcoin start to full instead of raises as the way you want it. But I can't say there is any disadvantage

 

[Succjay]

Anything that has advantage also has disadvantage. The nature of Bitcoin is unpredictable as one may stand the chance of losing all he invested. So let's invest wisely and only invest what we can afford to lose not the one that will lead to committing suicide if it crashes.

Post automatically merged: Feb 9, 2021

Anything that has advantage also has disadvantage. The nature of Bitcoin is unpredictable as one may stand the chance of losing all he invested. So let's invest wisely and only invest what we can afford to lose not the one that will lead to committing suicide if it crashes.

 

[idhans]

Like we all know, everything that have advantage also have a disadvantage. Please what is the disadvantage of investing on Bitcoin?

Bitcoin is very risky just like every other business. For me the only disadvantage is that you can lose money in the short-term if the prices falls against you. But if you invest for a long term, you can make quite a whole lot of money when the prices goes up beyond what you bought.

 

[Akinwale701]

Like we all know, everything that have advantage also have a disadvantage. Please what is the disadvantage of investing on Bitcoin?

yes, there is a disadvantage of investing in bitcoin it ranges from the volatility of the price of the coin and the unstable market conditions. also, the effect of hoarding also affects the price for which bitcoin is traded. effect of demand and supply is also another problem

 

[AbAttitude1]

One thing you should know is that any thing that have advantage also has disadvantage. So coming to the side of Bitcoin it also has advantage and disadvantage. Base on when it's raisin and when it's dropping. When you invest on Bitcoin and it starts to drop that means you are losing

 

[Goodday]

Like we all know, everything that have advantage also have a disadvantage. Please what is the disadvantage of investing on Bitcoin?

There are many advantages associated with bitcoin investment. Firstly people without patience normally lose a lot in bitcoin investment when the price is declining and they are panicking. Sometimes too there are also huge network fee and that means those Investing with low Investment capital do lose for sending their assets.

 

[221323_CND]

Anything that has advantage also has disadvantage. The nature of Bitcoin is unpredictable as one may stand the chance of losing all he invested. So let's invest wisely and only invest what we can afford to lose not the one that will lead to committing suicide if it crashes.

Post automatically merged: Feb 9, 2021

Anything that has advantage also has disadvantage. The nature of Bitcoin is unpredictable as one may stand the chance of losing all he invested. So let's invest wisely and only invest what we can afford to lose not the one that will lead to committing suicide if it crashes.

Thank you

Post automatically merged: Feb 9, 2021

One thing you should know is that any thing that have advantage also has disadvantage. So coming to the side of Bitcoin it also has advantage and disadvantage. Base on when it's raisin and when it's dropping. When you invest on Bitcoin and it starts to drop that means you are losing

Ok..thanks

 

[eojo2401]

As far as I am concern, there's no disadvantages in investing in Bitcoin or cryptocurrency generally. If you want to invest in it, just make sure you know how the Bitcoin market work and study the chat very well.

 

[Kingsley]

Yes there might be disadvantages if you get to loseyour money it can be very painful. There could be disadvantages when you lack the technical know how, and because of that you are scammed and all your funds get zapped. But besides that its filled with advantages.

 

[Ebensco]

One of Bitcoin’s biggest drawbacks is a lack of standardized policy for charge backs or refunds, as all credit card companies and traditional online payment processors have. Users affected by transaction fraud – for instance, they purchase goods that the seller never delivers – can’t request a refund through Bitcoin.

 

[solomonmali]

Perhaps the biggest advantage of investing in cryptocurrency ICOs over startups is the fact that startups often need to pivot multiple times and overcome initial speedbumps. When you see a set of founders asking for initial capital, you should recognize that the company they eventually take public will look drastically different.

 

[Segat]

Well for everything that has advantage there are disadvantage, one of it as related to bitcoin is that so many people are afraid has they don't really know the indices that regulate it.

 

[Jomarie05]

One of Bitcoin’s biggest drawbacks is a lack of standardized policy for charge backs or refunds, as all credit card companies and traditional online payment processors have. Users affected by transaction fraud – for instance, they purchase goods that the seller never delivers – can’t request a refund through Bitcoin.

 

[Chibson]

Aside bitcoin not being physical I don't see any disadvantage in investing in it. the world's richest man in mask recently invested 1.5 billion dollars on Bitcoin. so actually cryptocurrency is really the future and sorry so many platforms will adapt it.

 

[Sotherefore]

There is no there is no definite disadvantage of investing in cryptocurrency but sometimes you need to be very careful that hackers do not have access to your cigarette pain because if they do all your cryptocurrencies are gone,and you must invest in cryptocurrencies that has good potential if not all your money is gone.

 

[Khezo]

I don't think there is any disadvantage of investiñg into bitcoin for any reason. It's a safe type of investment and I would recommend having everyone engage in it would be very perfect

 

[Taiwoayan]

Bitcoin or cryptocurrency generally as his own disadvantages. Firstly cryptocurrency market is so volatile and anything can happen. Another thing is if one is not careful scammers are online which they can dupe someone of his hard earned money. But with carefulness and not been greedy on can get its own from the market
Another issue is you can loose access to your wallet

 

[Anas Chaudhary]

Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Bitcoin Valuation Fluctuates
No Buyer Protection
No Valuation Guarantee

 

[Ridorz]

Yes, there is nothing that has advantage that do not have a disadvantage.
As we know that Bitcoin is a best and top crypto currency that is profitable to invest on if you have capital you will earn good profits from it. But the its disadvantage is that some time if you invest on it, instead to raise up it will be falling down which can make you lose your money if don't have patience of waiting for it to raise up back.

 

[Robrown83]

The only disadvantage that attach to the Bitcoin is the risk that involve in the trading because the Bitcoin trading is volatile and fluctuating. It can go up today in price and come down tomorrow so the risk is on high side.