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Is Bitcoin Safe?

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If you’re wondering whether bitcoin is a safe investment, the short answer is no. That’s not necessarily a knock on bitcoin: All investments bring some risk of losing money.

Still, investing in bitcoin carries some unique risks that potential buyers need to note. To break down these dangers, a team of NerdWallet financial reporters recently sat down for a Slack discussion on bitcoin, its risks and where digital currencies belong — if anywhere — in the typical investor’s portfolio.

(Note: The writers’ conversation has been lightly edited.)

The roundtable

Question 1: So how safe is bitcoin?

Tina Orem, NerdWallet taxes writer: First, no investment is “safe.” Companies can fail, interest rates can change, credit ratings can tank, regulations...

Continue reading on www.nerdwallet.com

Topics:

Investing

Source:

www.nerdwallet.com
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Of course, it's safe. Millions of people in the world trust their money and buy bitcoin and other cryptocurrencies. As for me, I'd like to open now bitcoin debit card. It seems really good possibility to save your money exactly in bitcoin.

Antony Wood
Antony Wood

Tell me, have your crypto coins ever been hacked? I read that the cases of hacking have become frequent, and therefore I want to find reliable protection for my crypto currency. What do you know about the mixer for bitcoins https://bestmixer.io/? Have you ever used this resource, tell us?

It definitely is. I myself play blackjack with Bitcoin only. And I really wish that in a decade cryptocurrencies will be accepted everywhere and we'd have a chance to buy food or clothes paying with crypto.


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