BitCoin is a peer-to-peer virtual currency that uses cryptography to control the creation and transfer of money. But aside from its status as a technical marvel, it has little practical benefit for business users or consumers. There is nobody to turn to turn for redress if your BitCoins are stolen, and there is no government-mandated insurance. BitCoin users can keep more money in BitCoin than they can afford to lose, and nobody should be keeping more than $100,000 in it.”]
Source: https://www.csoonline.com/article/2132010/bitcoin–seven-reasons-to-be-wary.html