To do or not to do?

As some of you know I've tried the online dating scene and had little success... I have horror stories, I've made mistakes, and I've made a few friends a long the way (well one friend) but no success at love. 

Recently I've contemplated trying it again and giving it a second shot, but I've been working through pros and cons on whether or not it's worth it. 

Pros

Several people I've talked to agree that it helps ease the stress of meeting someone when your super busy. 

You have the ability to talk with someone online and sorta weed out if there is attraction or not before meeting them rather than wasting a lot of time. 

There is the potential to actually find love. Both of my roommates found their significant others through online dating and will both get married to those guys. 

Cons

There is always a fear of not being able to know the intentions of the other person. 

Catfish... It happens! 

There is always the struggle of being able to show who you completely are behind the comfort of a computer. We like to build ourselves up. It's not terrible, but when our flaws show, people aren't ready for that. 

So as you can see I have a lot to think about. Put my heart on the line again or just wait things out? 

To do or not to do?