What is the risk of Bitcoin?

Bitcoin is an interesting technology and a new form of money, but this does not mean the Bitcoin regardless of risk. Keep in mind that there are some rules that are the same in Bitcoin as traditional money. For example, do not store your cash under my pillow because it is easily stolen, or do not entrust your money to strangers.

Bitcoin also has other unique risks: for one man, Bitcoin is a new technology, and although it looks very solid and secure, there is always the possibility of failure. That's also why you should never enter ' all your eggs in one basket ' and don't ever buy Your treasures with all the Bitcoin. Bitcoin is more volatile (value of Bitcoin can go up and down in a short time or place) compared to other currencies, and though now the value of Bitcoin more stable, Bitcoin will surely experience a lot of volatile moments in the future come.

Remember that the transaction is Bitcoin similar cash where the transaction cannot be cancelled-so if you're submitting a Bitcoin to the wrong person, or Your Bitcoin wallet compromised and someone stole Your Bitcoin, very difficult and even impossible to take it back. Bitcoin is also not protected by any entity, so that if you lose Your Bitcoin, then your service provider or network of Bitcoin ' ' cannot replace your loss. That's why you should use a product and a trusted service provider to help you, just like when you choose bank to keep your money safely.

Lastly, the value of Bitcoin is determined by a number of people or businesses that accept Bitcoin. If the Bitcoin develops, this will be very good for Bitcoin, however if the less people using Bitcoin, then this will give negative impact on pricing and the use of the Bitcoin itself.
In conclusion, Bitcoin is a very interesting potential in changing the world, but make sure you understand the risks involved along with it