In trading and economics people tend to show two types of behaviours. These two are risk aversion and loss aversion. Risk aversion is when you are not reluctant of taking high risks for a reward. Loss aversion is rather the opposite, this is when you start taking higher risks to try and prevent losses.
There is a common belief that Bitcoin transactions are anonymous and untraceable. In addition to that many are still cautious of Bitcoin because of the common opinion that it might be used for shady or criminal transactions. One can understand where these concerns may come from – most of you remember Silk Road. To those who don’t, Silk Road was essentially the Ebay for criminals. Pretty clever in the sense. You could buy drugs, guns or order a hitman. However that party is long over as the FBI shut Silk Road down back in October 2013 and the founder Ross William Ulbricht is serving life in prison.
About the security of our bitcoin exchange
How safe is the bitcoin exchange I’m using? I’m sure many of you have asked this question. We’re here to put your mind at rest and explain some of our features that are put in place to make sure your assets are at the lowest risk possible.