{"id":57999,"date":"2021-07-01T16:39:48","date_gmt":"2021-07-01T20:39:48","guid":{"rendered":"https:\/\/world.edu\/?p=57999"},"modified":"2021-07-09T03:18:41","modified_gmt":"2021-07-09T07:18:41","slug":"all-risks-exchanging-bts-to-btc","status":"publish","type":"post","link":"https:\/\/world.edu\/all-risks-exchanging-bts-to-btc\/","title":{"rendered":"All risks exchanging BTS to BTC"},"content":{"rendered":"

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Bitcoin is the first, the most popular and expensive cryptocurrency. It has the unofficial status of “cryptogold”. For the first few years, all new currencies were based on the Bitcoin blockchain.<\/span><\/p>\n

The cryptocurrency is constantly falling and rising so that you can play and win, play and lose, but you need to understand that this is a speculative game with a non-guaranteed result.<\/span><\/p>\n

As of April 13, 2021 Bitcoin rate is at a high level of $61,088.80 thousand, and the capitalization exceeds $1.13 trillion.<\/span><\/p>\n

Billionaire Ray Dalio has warned of the risks in terms of investing in Bitcoin. Bloomberg reported, citing Dalio’s note to clients that due to the billionaire`s words when investing in cryptocurrency, it is worth considering the possibility of losing about 80% of funds. The founder of the investment fund Bridgewater Associates called the cryptocurrency “a long-term option with an extremely uncertain future.”<\/span><\/p>\n

Dalio saw several risks in Bitcoin. First, it is difficult to assess the value of digital assets. Secondly, although the maximum possible number of Bitcoins that can be mined is limited, nothing prevents the launch of new cryptocurrencies that will be better and replace BTC. In addition, it would be naive to believe that digital assets cannot be hacked. Finally, if governments try to restrict the use of Bitcoin, the demand for it will collapse.<\/span><\/p>\n

At the same time, Dalio called Bitcoin “a damn good invention.” He announced that he considers cryptocurrencies as an investment vehicle for new funds that offer investors the protection against money depreciation. The billionaire is fascinated that the creation of a new type of money through a system that is programmed into a computer and which has been working for about 10 years and is rapidly gaining popularity both as a type of money and as a store of capital, this is an amazing achievement.<\/span><\/p>\n

A novice user can make many mistakes when buying Bitcoin which can lead to a loss of capital. There is a risk of transferring funds to an exchange created by fraudsters, overpaying for coins due to an overvalued rate or commissions, entrusting assets to an unreliable platform.<\/span><\/p>\n

It can be avoided by following simple rules.<\/span><\/p>\n

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  1. The most dangerous option is to buy a cryptocurrency from the hands. Different scenarios are possible here:<\/span><\/li>\n<\/ol>\n