BITCOIN : Oppotunity Or Challenge? - page 20.

Kynner

jr. member

Activity: 188

Merit: 3

Quote from: mrcash02 on February 21, 2018, 01:41:03 PM

It's not anonymous. Transactions are trackable and with some investigation it's even possible to find the addresses owners. Many criminals were already gotten transacting BTCs and the money was taken by the local law forces.

If you and your parents are a bit afraid of Bitcoin investment, you can start low. Don't put much money on it, start with an amount you and your parents consider low. Wait some months and you will have enough personal experience to invest more or not. I just think you should invest, doesn't matter the amount, the important is to be inside this world!

Another great advice for me, thank you so much, hopefully a lot of helpers like me thanks to you. Thanks to your comments, my parents changed the stereotype of Bitcoin and Crytopia, hoping they would make a decision soon with my suggestions.

Kynner

jr. member

Activity: 188

Merit: 3

Quote from: hoangtujuda on February 21, 2018, 01:23:46 PM

Quote from: Kynner on February 21, 2018, 12:30:41 PM

I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.

I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.

You should understand that BTC is a useful means of payment and that it is valued by the trust of the whole person, so that the price of it will increase because everyone here has a strong belief in it.

I hope that belief will spread to everyone around the world not just you and this forum.

Kynner

jr. member

Activity: 188

Merit: 3

Quote from: buytheeffinD on February 21, 2018, 12:44:45 PM

Everyone here will likely tell you to invest and that is probably a good decision but the most critical thing is when you invest because timing in crypto is everything. If you bought that 20k top in December you are hurting right now but if you bought that 6k dip this month then you are feeling great. Timing is everything but yes you should try to get in imo, we are still early in the game. Also do a ton of research prior to entering because this world does not forgive mistakes easy.

thank you for that effective advice, I believe I will be able to master the knowledge, I will study and analyze further.

Kynner

jr. member

Activity: 188

Merit: 3

Quote from: swissgang on February 21, 2018, 12:42:30 PM

Bitcoin is no doubt risky investment, but it depends on people, bitcoin is opportunity to some and challenge to some. I think you should not borrow money to buy bitcoin.

I received quite a lot of reproach instead of counseling like you, because of my crazy idea, thank you for that lightness. Grin

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: erickkyut on February 23, 2018, 06:25:46 AM

Bitcoin is both an opportunity and a challenge. It is an opportunity because it opened a lot of doors. A door for a better a lifestyle, a door for a innovation and a door for a better investor. It is a challenge because you need to understand those opportunities and know how to maximize the earnings from it.

Agreed, bitcoin gives us both, as opportunity and challenge as well. Bitcoin has a chance to give us a better life than before. But how to catch such opportunity will be the challenge for us.

erickkyut

hero member

Activity: 1176

Merit: 509

Bitcoin is both an opportunity and a challenge. It is an opportunity because it opened a lot of doors. A door for a better a lifestyle, a door for a innovation and a door for a better investor. It is a challenge because you need to understand those opportunities and know how to maximize the earnings from it.

lenj

full member

Activity: 182

Merit: 100

Quote from: carter34 on February 21, 2018, 02:01:08 PM

Quote from: Kynner on February 21, 2018, 12:30:41 PM

I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.

I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.

Well, some people would say borrowing to invest is not their thing but for me, I will borrow to invest or to save life. Having said that, if you believe in a thing like bitcoin to make profit, it could be wise.

I also think it is better done with better timing like a post above said, with the example of buying higher in $20,000 and lower in $6,000. Check for timing.

Borrowing money just for investing in unpredictable moves of bitcoin is never be a wise decision.
Wise people said that invest how much money you can afford to lose and if we are borrowing money, mean its not afford to lose.

Nightmare0619

newbie

Activity: 65

Merit: 0

It can be a challenge at the same time i can also be an opportunity... I don't think borrowing money to invest here is a good idea... You need to invest your own money... i suggest you earn money by joining campaigns (signature, facebook, twitter) till you have enough money to invest here... that's better !

tot-o

newbie

Activity: 210

Merit: 0

Bitcoin is an opportunity for every one want to try fresh things, it gives also an opportunity to every individual who wants to earn by being online and working online, and it is also a challenge for everyone that is into to crypto to the world because you need to build a strategy or you will lose everything.

squatz1

legendary

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Flying Hellfish is a Commie

Lets just setup some rules and facts about Bitcoin. For starters, Bitcoin isn't anonymous -- everything is on the blockchain for everyone to see, so if you're not careful about the way in which you ensure that no one knows that address is yours then people are going to be able to know who you are. Being anonymous with Bitcoin is very hard.

Next, NEVER take a loan / borrow money in order to buy bitcoin. Once you buy you can pretty much assume that the money is gone, nothing else and nothing more. Bitcoin is speculation, you would have to be a fool to borrow money, buy bitcoin, lose it all and then you're fucked.

koryu

hero member

Activity: 681

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Quote from: ganlianshifu1 on February 22, 2018, 02:40:08 AM

Bitcoin is always a situation where opportunities and challenges coexist!

There are still many voices on the market, but bitcoin has always been in development and change. With the introduction of the lightning network, bitcoin will enter a new stage of ecological development, which is also a new starting point for bitcoin.

Yes, bitcoin was riddles mostly by huge challenges in the past. These challenges were ticked off one after the other until we are reaching the final challenge.

The opportunity for bitcoin is big, but one must remember we are still at a very early stage of the ecosystem in the grand scheme of all things.

Md Saad

sr. member

Activity: 584

Merit: 256

Interesting topic you have mentioned in this thread, I think Bitcoin is both could happen. It depends on your situation. If you have a lot of idle money then you may trade with Bitcoin and this is an opportunity for you. And when you can start gambling with Bitcoin then it's surely called as a challenge for you. But For me, Bitcoin is an opportunity because of the profitable platform.

bungutko

newbie

Activity: 280

Merit: 0

I believe that bitcoin is both an opportunity and challenge at the same time. It is an opportunity that you can earn greater profit when during investment it happen you had bought your btc at a low price and it had pump to much greater increase which result to big profit. I consider this also a challenge because it is a risk thing to do and a challenge being an investor to know your limitation as to when you will be able to wait further before you can sell it.

nick_nick

full member

Activity: 350

Merit: 100

Quote from: Kynner on February 21, 2018, 12:30:41 PM

I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.

I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.

Investment in cryptocurrencies which bitcoin is no exception is both opportunity and challenge. If you are going to borrow money from your parents; let your parents understand that the rule of the game. Price could increase in your favour or fall at your expense. Don't only look at one side of the coin

iv4n

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Quote from: Akosibatman on February 22, 2018, 04:46:25 AM

Bitcoin is both an oppurtunity and challenge depends on how an individual use it. One may call it as opportunity when he use it on his business. Bitcoin opens new opportunities because it is designed to allow financial transactions to take at a very low cost. One also may call it as a challenge, s/he may invest in a risky stock. We all know that bitcoin is very volatile in terms on its value.

Many questions in topic headlines here on forum lead's us to conclusion that everything depends from individual point of view. Like in most cases where bitcoin have dual role this case is the same, bitcoin is opportunity for people to earn something and in same time bitcoin is challenge for us, its testing our will for changing current economy system. Opportunity can be financial, we expect bitcoin price to grow, but people can earn from many other things, that is individual. But bitcoin has an opportunity to change the world, that is a big challenge for bitcoin and us. Social questions are important for healthy society, in many countries in the world people live without necessary things.
Look at the bitcoin as you wish, but bitcoin has a lot of side and big opportunity to do something good that can benefit to all the people. Idea is good, start is great we will see will it stay like that or people will manage to ruin one more good thing that could save us.

khaled0111

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Top Crypto Casino

If you are going to borrow money from your parent, you should let them know that this investment is too risky and they have to wait a while before you can return the money you borrowed and see any profit. It is a long term investment where nothing is guaranteed.
Bitcoin is not a ponzi scheme, you should explain that to them.

Akosibatman

newbie

Activity: 84

Merit: 0

Bitcoin is both an oppurtunity and challenge depends on how an individual use it. One may call it as opportunity when he use it on his business. Bitcoin opens new opportunities because it is designed to allow financial transactions to take at a very low cost. One also may call it as a challenge, s/he may invest in a risky stock. We all know that bitcoin is very volatile in terms on its value.

marjoree

full member

Activity: 193

Merit: 100

Presale is live!

Investing is a challenge, a too risky thing to do but you will never know without trying right? So if you have the courage to deal with Bitcoin, go for it! Take it as an oppurtunity with challenges because if you will look at it as a game but take it seriously, it is a win or lose but if you are winning at the moment make sure to do the appropriate thing to stay at the dreamt moment. Since you know its value comes up and down, you may want to prepare not just your money but also yourself from the expected and unexpected happenings.

Alpha0One1

full member

Activity: 588

Merit: 107

Quote from: Kynner on February 21, 2018, 12:30:41 PM

I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.

I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.

Do not put money that you can't afford to lose!
I would suggest not to borrow. But the only way to learn is to do actual trading.
If you really must borrow to start to learn how to trade, start with as minimal as $25 to $50 max

Maryverycool

newbie

Activity: 98

Merit: 0

Quote from: Kynner on February 21, 2018, 12:30:41 PM

I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.

I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots.

Bitcoin has developed so well that investing in bitcoin is a good choice. Now more and more people around the world are investing in bitcoins and they recognize the value of bitcoin. But bitcoin is risky. You don't have to invest all your money in bitcoins.

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