Question: What is the downside to Bitcoin?

Disadvantage- Risk of loss Bitcoins are effectively gone if a hard drive crashes or a virus corrupts records, and the wallet file is corrupted. Theres nothing that can be done to get it back. If you mess up your bitcoin wallet, you will lose all of your bitcoins.

Can you lose your money on bitcoin?

Trading can lead to big gains in Bitcoin, but its not without risk. In fact, the movements in the price of Bitcoin are so great that its very easy for even experienced traders to get whipsawed and lose a lot of money. Trading Bitcoin poorly is therefore probably the easiest way to lose money in Bitcoin.

Can you lose money investing in Bitcoin?

Trading can lead to big gains in Bitcoin, but its not without risk. In fact, the movements in the price of Bitcoin are so great that its very easy for even experienced traders to get whipsawed and lose a lot of money. Trading Bitcoin poorly is therefore probably the easiest way to lose money in Bitcoin.

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