Why You Should Not Buy Bitcoin?

Why You Should Not Buy Bitcoin?

1 Answer

  1. Bitcoin is not worth the risk sometimes. The reason is its highly volatile with no idea who is governing it. Bitcoin is neither an asset nor a liability, it could be better understood as a stronger alternative to cash. Hence owning bitcoin is not going to make you more money by default. People expecting to make money with bitcoin are either betting on its value increasing or decreasing. The face value of bitcoin is the real value and by that we mean 1 bitcoin is 1 bitcoin. If what you own is huge, it is important to get your own cold wallet and store your coins offline. There are regulatory issues in regard with it. Although the issue of ban or no ban has ceased a bit but there are still a lot of upheavals for bitcoin and other cryptocurrencies to climb before they become accepted fully by the governments as what they really are.

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