1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)
2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.
3. Bitcoin trading isn't regulated by any one.
4. If the internet goes down, Bitcoins cease to exit.
5. Very few accept bitcoins as form of payment. ( although this could grow)
6. Bitcoins transactions are not free and fee getting increased time to time.
7. You can't sue anything if you loose your bitcoins,
8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.
9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear
10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )
I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.
This is the most interesting thread I read here in this forum. I am fond of these kinds of conspiracy theories but I really don't believe them. But I assure you that bitcoin is really far from a "scam". Whether or not is controlled by any anonymous group, bitcoin industry helps people so there is no need for thinking that there is a hidden agenda in this innovation. Bitcoin aims to change the monetary system to be better and more practical.