What is the big advantage and disadvantage of investing in bitcoin?

[Ayeshabashir]

As we know that the price of bitcoin is unpredictable no one can predict their price in future so its big disadvantage is its high volatility and high potential to losses. On the other hand if we see its bright site then we able to know its price had risen upto 72 thousand dollars it means it will become the aource of potential of high returns .The other disadvantage is that people get involving in cyber hacking and misuse it but on the other site it will prove a source of immediate settlement

 

[Jasz]

Bitcoin is a decentralized digital currency. This means it is not controlled by a centralized bank or government, and it acts as an independent peer-to-peer network, like the internet. As the value of bitcoin goes up, the volatility scares some investors off from the market and their desire to buy bitcoin quickly diminishes, yet some investors are waiting for this moment to take advantage of this enormous opportunity.



Bitcoin can be thought of as a new kind of currency, one that exists purely on networks and lacks any and all geographic association. Anyone with internet access can send or receive bitcoin regardless of their location, and anyone who has a bitcoin wallet (also known as an e-wallet) can spend their bitcoins by simply transferring the funds in question. This practical distance eliminates many barriers, including not only physical distance but also more subtle linguistic and cultural barriers.

 

[Sotherefore]

Well since bitcoins also has the possibility of growing more in the future it is still a cryptocurrency to invest on without any problem , but for me I don't really finds interest to invest in bitcoins because of the huge market cap and because of this movement of bitcoins will always be slow compared to other altcoins that is really moving at higher speed because of their small market cap.

Based on this I can said that the only disadvantage of investing in bitcoins is that it may not really be profitable if you are to compare it with other cryptocurrencies that could possibly give hundred percent within a short time

In the crypto space there are thousands of cryptocurrency for people to invest on that are potentially profitable than bitcoins but apart from the fact that bitcoins is really slow there is no disadvantage of investing in bitcoins because it is just like any other cryptocurrency with high volatility and sometimes since bitcoins is the father of cryptocurrency it does not likely to experience rugpulling.. it has one of the strongest online community in the world ever since the invention of cryptocurrency . It's all depends on your choice .

 

[Kingsley]

Hmmm, crypto currency is the new hope of mankind and a large population of our youth and in this either depend on trading crypto currency as a full-time job or as an additional income. Things are terribly bad here as a result of the failure on the part of the government who still does not want to see the growth and advancement of her citizens. They have placed a ban on the activities of crypto trading but thank God the systems are decentralized so they can't control it. In the crypto ecosystem the bitcoin is the king amongst all other coin and determines all that happens to almost all other coin.

When we consider the advantages of trading bitcoin is far outweighs the disadvantages. This bitcoin has rescued some world economies of so many wise countries that keyed into it unlike my country government that always loves to be on the loosing ends and love to borrow from even countries where they trade bitcoin. It is so pathetic. Bitcoin has changed the financial status of millions of people all around the world, in fact Elon Musk only became the richest man in the world only after he joined this market.

The only disadvantage I see is in the area of people who do not know much about its operations and they decide to trade and loss their funds and come back to lament it is best to learn it very well first before trading.