Is there any disadvantage of investing on Bitcoin

[Josephjossy]

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

 

[GoldenLady]

You stand the chance to lose all your money. Bitcoin is unpredictable, it is volatile hence it may be worth $40k today and less than $30k in 24 hours.

Also it's risky, since transactions are irreversible, if you mistakenly send money to another account, it's forever gone.

 

[Afrinish]

Bitcoin is by far the most successful currency today, but with any new frontier, there are bound to be some obstacles. Despite bitcoin’s recent popularity, there are some serious risks when it comes to investing in cryptocurrency.
With so many people rushing to invest, it’s important to be aware of the concerns surrounding this new market. Here are the top 10 risks of bitcoin investing and how to avoid getting caught up in them.

 

[westmania]

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

By investing I think you did not mean buying bitcoin. If so then scam probldm may be the most vital disadvantages you may face. If you mean buying bitcoin then price going down to the extreme below for the season may be a huge loss.

 

[Shahzad Ahmad]

Yes, the disadvantage of investing in bitcoin is it's not a physical existence because of this it cannot be used in physical stores. It would always have to be converted to other currencies. Cards with Bitcoin wallet information stored in them have been proposed, but there is no consensus on a particular system. Since there would be multiple competing systems, merchants would find it unfeasible to support all Bitcoin cards in this way.

 

[Edward2]

Investing spectrum Bitcoin is "high-risk" (very) end. The cost of cryptocurrencies is volatile; some may get stuck, others may be scams, and sometimes value can rise and returns to investors.

 

[Abdul Naveed]

bitcoin market is highly volatile, and that is why its price continues to fluctuate. ...
Assault or fraud. Since its inception, there have been numerous reports of fraud and hacking in the bitcoin market. ...
There are no government regulations. ...
Limited counting and usage. ...
New and young technology.

 

[Niftyyem]

The disadvantages of investments in bitcoin are lesser than the advantages. To be honest, it seems to be one of the easiest and most profitable investments in recent times looking at those who have gained so much in a short time should tell you that.

 

[KvngMurphy]

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.

 

[Aminat]

Well Bitcoin as a disadvantages in all ways as we all know that anything that has an advantage also have disadvantages like Bitcoin now is not just anyhow people I acknowledge Bitcoin for because it is not a child play and if you are not wise then you will be outsmarted and duped of all your money that why you have to know the game and invest wisely not just anyhow investing

 

[Nurudeen]

Yes there are some disadvantage of investing in the crypto currency exchange Business and particularly Bitcoin. This market is very volatile and if you are not patient enough anytime you buy the coin and it goes down you can just sell and lose your money in the market

 

[Adil]

It’s all too common to pay a fee for a service. For example, if you’re paying a $10 commission to buy stock on the stock market through a broker, you’ve immediately lost 10% in fees. Not good. When you’re investing $10,000 with a $10 commission, that’s acceptable: it’s just 0.1%. So at the $100 level, investing needs to be ultra-cost-effective.

 

[Taimoor Jutt]

We have seen a lot of advantages of BTC . everyone wants to put his investment in BTC. It is increasing toi much day by day.
But if we look at 2nd side of picture of BTC it has but disadvantages too. It's fee is too much high than other crypto currencies.

 

[Waseem74]

Virtual currency is considered the future of monetary exchange. Trading goods online with a global currency certainly sounds like a method that could expedite commerce without the complications of a national currency.

 

[Blue house]

Bitcoin has both advantages and disadvantages, but the advantages Is very much than the disadvantages, there is nothing with advantages without disadvantages not matter how small it will be it will have disadvantages.
If you are not smart with bitcoin you will probably be scammed, that is the main disadvantages there are many scammers in bitcoin.

 

[Profwriter]

Bitcoin should not be a major destination for investors at this time because of the high fees during exchange, you can focus on other coins and get as many units for coins that are new into the cryptocurrencies world.

 

[Adetayo100]

There is no disadvantage in investing in bitcion right now, the only concern is it volatile nature which can cause a temporary loss for just a short period of time. You can never go wrong when you invest in Bitcoin.

 

[kayode10]

One of the disadvantages of investing in Bitcoin is that it is a bit expensive right now, so it is going to take a lot of money to invest if you want to see a good profit. Another disadvantages of investing in Bitcoin right now is that you can easily lose your money faster. Bitcoin fluctuate in price faster than in any other cryptocurrency.

 

[Janita]

There are left disadvantages and more advantages of investing in Bitcoin there is no harm invest in Bitcoin but yes before investing make sure that you will face problems on losses because it is a kind of dealing There are less disadvantages and more advantages of investing in Bitcoin There is no harm to invest in Bitcoin but yes before investing make sure that you will face problems or losses because it is a kind of dealing with the client maybe sometimes you gain profit and some time lost the only disadvantage is that the price of Bitcoin can be down in coming few days so maybe you lost your money but if you have patience so you can make it double after sometime when the price goes on top.

 

[Victor001]

Investing in Bitcoin,have it's advantages and disadvantages. It's not risk free so one needs to be careful of the way they go about transaction.if you wish to buy and hold,I suggest you take your time in analysing the market