It is understood that because bitcoin transactions are not under the supervision system of banks, it is easy to be used for illegal activities, such as money laundering and drug purchase.
At present, most countries, including China, don't have a clear attitude towards the supervision of Bitcoin. In addition to the German legalization of Bitcoin, Canada made the first Bitcoin ATM machine. At present, the supervision of Bitcoin in China is still lacking, and the existing laws and regulations are not fully applicable to the supervision of Bitcoin.
Due to the uncertainty of the policy, some people in the industry are worried that whenever the regulatory authorities take action, the price of Bitcoin will fluctuate violently, and there will be risks in the future.
2. Bitcoin has low practical value.
The future development prospect of Bitcoin largely depends on whether its payment function can be well reflected. Zhang, a researcher at the Institute of Finance of China Academy of Social Sciences, said earlier that Bitcoin did not play a central role in monetary payment, but existed as an investment product. If one day, Bitcoin can't be exchanged with the major currencies in the real world, then its value is not even as good as a piece of waste paper.
3. The trading platform runs away with money.
It is understood that although in the process of bitcoin trading, investors need to recharge funds from online banking or Alipay to the account of the bitcoin trading platform before trading, but before withdrawing RMB from the bank account, they also need to recharge bitcoin to the platform. In other words, investors' funds often exist on the platform.
However, the bitcoin trading website is very fragile. The website may be attacked by hackers or shut down by the competent authorities. The website operator may also run away with money, causing losses to the holder. At the end of 20 13 10, the trading website GBL, which was once a smash hit in the bitcoin circle, suddenly closed down. Just before most users had time to withdraw funds from their accounts, GBL had absconded with the money. According to incomplete statistics, there are about 500 victims, and the estimated loss will exceed 20 million yuan.
4. Control environmental risks.
You also have to consider environmental factors. Mining machine is not a zero-emission equipment, which will produce a lot of noise and heat. In this way, you have to consider the physical and mental health of the operators, and you have to consider the relationship with the surrounding residents. If you dare to build a mine with a certain scale in the community, the neighbors will definitely tear it down for you unless you are a local tyrant.
5. Control technical risks. Engaging in bitcoin mines is mainly a technical problem in engineering, and the professional technology of bitcoin itself is not the focus. You need project management talents, electricians, construction engineers and people who understand computer room construction. Although this knowledge is not complicated, only experienced people can help you reduce costs and control risks.
Is it risky to invest in Bitcoin? Bitcoin is very close to Ponzi scheme. Bitcoin has no price limit, and the market has always been like a roller coaster. Early adopters of bitcoin have great advantages. If the follow-up funds stop entering the market, Bitcoin cannot continue to appreciate. Don't be blind and confident, let alone gamble.