Because people don't want to learn more about bitcoin, they run into scams from programs that end up being fraudulent. If they were willing to learn more about bitcoin and the program offering the investment, they could find out if the program turned out to be a bogus investment.
People think that after buying bitcoins, they can join those programs to increase their bitcoin amount. But the truth is that it will only make them lose their bitcoins, and they never learn about it.
As long as you can keep your bitcoins in a separate wallet and never tell anyone how much or tell anyone that you have bitcoins, you will be safe from hacking, fraud, or theft. So when people decide to invest in bitcoin, they must look after it.
Topic: Negative influence of bitcoin - page 3. (Read 427 times)
I think those you've mentioned will be a bad impacted only to newbies. I also started from no knowledge so before engaging to this industry I've studied how it works and of course I'm aware to the decentralized nature of Bitcoin knowing these things would make you to have a wise decision. Having no knowledge itself will be the first disadvantage where almost everything you've mentioned will fall. Cuz if you know how to manage Bitcoin in this industry, scammer couldn't even have a chance to scam you, you'll only need to think of your strategies for your calls since we all have different preferences.
I dont see these as negative influence, a rather strong word to say and things which are also applicable to fiat.
I understand that these phrases are coming from users who are newly exposed to crypto and observing things related to it while making comparisons with fiat.
No-refundable - A good deterrent to careless spending and being alert when sending money. You will think twice before sending money to a random stranger and also reduces beggers from getting the easy change off daily passengers. Imagine beggers with QR codes on the road, they will get ignored by everyone.
Privacy - is important but not completely possible because we do use centralized exchanges and buy gift cards on online sites which log our IPs and all.
Hackers - they are everywhere, in this century basic cybersecurity measures should be learnt by every user. It is a necessity and they are enough to keep you safe.
Price changes - I urge you to check the yearly volatility of bitcoin, it remains under 15%.
I understand that these phrases are coming from users who are newly exposed to crypto and observing things related to it while making comparisons with fiat.
No-refundable - A good deterrent to careless spending and being alert when sending money. You will think twice before sending money to a random stranger and also reduces beggers from getting the easy change off daily passengers. Imagine beggers with QR codes on the road, they will get ignored by everyone.
Privacy - is important but not completely possible because we do use centralized exchanges and buy gift cards on online sites which log our IPs and all.
Hackers - they are everywhere, in this century basic cybersecurity measures should be learnt by every user. It is a necessity and they are enough to keep you safe.
Price changes - I urge you to check the yearly volatility of bitcoin, it remains under 15%.
I can't think of Bitcoin as a negative influence. From what I know and understand, it only has a negative influence on people who doubt it.
But for people who believe that it is a good long-term investment and it has been proven that there is really no room for the word negative in bitcoin because there is trust in bitcoin, that's how simple it is to understand in my opinion. Maybe it only has a negative influence on you, not on us who believe in it.
But for people who believe that it is a good long-term investment and it has been proven that there is really no room for the word negative in bitcoin because there is trust in bitcoin, that's how simple it is to understand in my opinion. Maybe it only has a negative influence on you, not on us who believe in it.
But bitcoin also has negative damnation on lives by impoverishing people of their spare resource and income.
How does this happen? I don't agree that bitcoin impoverish people, no it doesn't except if you want to multiply your unit or fraction by trading it. If you make a decision to trade your coins then it is not the fault of bitcoin but the trader that refuse to hodl only. Example if you are hodling 0.005 in btc, it will remain that value after bear market and can increase if the bull season come but it is riskier to trade it because you can lose all of it. Hodling bitcoin is not negative but trading it can be negative if you lose.
Only 5, please add more so we can all answer.
The closest logic to describe this to you is that you will be furious when I try to leak and share or sell your personal data to others.
Another example of a stock game.
[1]. https://www.cnbcindonesia.com/news/20230430162415-4-433343/tidak-bisa-ditukar-ini-nasib-uang-ratusan-juta-kakek-sarneli
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
Bitcoin makes it easy for anyone when they try to be curious about Bitcoin so there are no attempts at fraud. Only people who hate Bitcoin would commit scams like spreading FUD.2. No refund to anyone who incurs loss through keys, seed phase or fraud.
The loss occurred due to a negligence made by the owner so that it is impossible for the owner to ask for compensation for the mistake he made himself.3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
Why is the state willing to hire high-paying special officers to maintain data. The answer is because privacy is very important.4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
The closest logic to describe this to you is that you will be furious when I try to leak and share or sell your personal data to others.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
An elderly grandfather kept fiat for decades as a result of his daily hard work and when he was about to exchange it at the state bank, the bank said that the money that the grandfather wanted could not be exchanged and was no longer valid and this is the true story that happened in my area.[1]Another example of a stock game.
[1]. https://www.cnbcindonesia.com/news/20230430162415-4-433343/tidak-bisa-ditukar-ini-nasib-uang-ratusan-juta-kakek-sarneli
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
Really? Maybe people like you just choose to be ignorant about what's going onHow can you compare this;
Bitcoin
to this
Fiat payment system
[/center]Source
Quote
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
When you withdraw your funds from a bank and then lose them, do you get a refund?Quote
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
Privacy is good. Just like you are not letting us know your real name, where you live, what you do and where you are right now via this forum.Quote
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
The same happens to fiat, even worse, corrupt politicians, robbers, cyber hackers, etc. Stop making it look like it happens only to bitcoinQuote
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
Have you taken a look at different stock markets and fiat currencies of a number of countries? 
Every good thing has side effects, I believed bitcoin ha play roles of changing lives and improving digital structural economy. But bitcoin also has negative damnation on lives by impoverishing people of their spare resource and income. Today I want point out some negative impact of bitcoin on societies such as:
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
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