Reasons why not to invest in bitcoin? - page 2.

cryptocollecter55

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Quote from: cryptohunter1086 on April 24, 2018, 01:14:02 PM

So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).

bitcoin is created for the purpose of making a payment gateway for the deigital world.its main moto is to give people a very secure and fast and cost free digital currency.But i think now a day bitcoin is far from it

i think thats the main reason not to invest in bitcoin

Glutius

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Bitcoin has a lot of small flaws, but I am sure that over time they will be eliminated. Bitcoin is a young currency and shortcomings in its technology are a normal thing.

Keeminakar

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The most important drawback, which hinders investment in it and its development in General, is the negative attitude of the majority of rulers. This is indeed a very serious problem that can ruin it.

burner2014

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Quote from: adzino on May 02, 2018, 10:29:56 AM

Well there are tons of them besides the one you mentioned, illegal use and high volatility which brings huge risks to your investment (but hey, you can bring this price fluctuations to your own advantage). One of the main reason is that we have no clue whats written on the faith on bitcoin on the future. Any huge step taken by the government or the bank can actually destroy bitcoin. By destroying it i mean the price, they can make it valueless. Another reason is if you don't know what you are handling, then don't invest. You might end up losing all you have.

There is no reason for us not to invest in bitcoin, no need to argue about this thing, we all have different scenarios in life but I know that in investing in bitcoin we do have same idea. I understand some people still in doubt but one day they will understand this.

adzino

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Well there are tons of them besides the one you mentioned, illegal use and high volatility which brings huge risks to your investment (but hey, you can bring this price fluctuations to your own advantage). One of the main reason is that we have no clue whats written on the faith on bitcoin on the future. Any huge step taken by the government or the bank can actually destroy bitcoin. By destroying it i mean the price, they can make it valueless. Another reason is if you don't know what you are handling, then don't invest. You might end up losing all you have.

Netnox

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Quote from: diodora on May 02, 2018, 09:08:23 AM

One of the flaws is that you have to pay transaction fees even for small transactions. This makes it impractical to use for offline transactions as cash comes with no such fees.

Are you sure that physical cash doesn't comes with a transaction fee? In my country, you need to pay the bank a small amount as fee, to withdraw cash through the ATM machines. Also, there is the constant threat of some pickpocket stealing your money.

assyla

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Quote from: cryptohunter1086 on April 24, 2018, 01:14:02 PM

So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).

For me, the there are 2 reasons why you may not invest in bitcoin, first, it is because of its unstable price, second, if you have lack of knowledge about bitcoin then probably not to try it. Because of the unstable price and lack of knowledge about bitcoin you cant have a future to bitcoin and your money that you invest can all be gone.

charlenedave

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Quote from: diodora on May 02, 2018, 09:08:23 AM

One of the flaws is that you have to pay transaction fees even for small transactions. This makes it impractical to use for offline transactions as cash comes with no such fees.

Yes, that's one of the reasons why some people don't invest in Bitcoin; also, the price of Bitcoin is not stable so people are having trust issues regarding to their investment.

oloveloveo

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For me bitcoin is realy good especially if you are finding something to invest your money.
I cant find any reasons on why i or others should not invest in it.
Yeah theres a risk in it but also theres also benefits.
I think that it has lacking on something thats why theres a lot of ICO out there trying to fill what bitcoin cant do.
Because I believe that theres no such thing as perfect cryptocurrencies which superior in all aspects to other cryptocurrencies.
Well for me one of i encounter is that I have a relative which living in a remote place which theres only local banks.
Unfortunately, as of now this banks does not exchange bitcoins for flat. So even i transfer them some bitcoin they cant use it there.
Also the transcaction fees is a little bit expensive.
But all of it is minor problem so i cant really find a good reason for totally leaving and not investing in it.

Sexie

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Quote from: cryptohunter1086 on April 24, 2018, 01:14:02 PM

So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
[/qu

Maybe some reasons are the banning of bitcoin in some other countries that brings nega for those who are planning to invest bitcoin. Disappointment when there are bad news regarding bitcoin. One more thing more is that the bitcoin users will not enjoy anymore the advantages of having bitcoin beacause of its transparency and taxation in the near future by the bitcoin excahanges.

ghost424

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This topic is a very good one and im thinking to myself why it has not been merited and not being recognized by others. Investing is a good decision but if you want to invest, you also have to know why you do not need to invest in something like Bitcoin. Bitcoin can have its price doubled in the future but you do not know when so that is a risk that you are taking because you do not even know how and why is the price of Bitcoin increases. You also do not know how long will it be really secured to use and the storage where you keep Bitcoin or other cryptocurrency will be safe to use.

mboot

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It's bad idea to invest to bitcoin because:
1.You don't know how to hodl for a long time
2.Btc is a big price currency and it's so hard to take X

diodora

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One of the flaws is that you have to pay transaction fees even for small transactions. This makes it impractical to use for offline transactions as cash comes with no such fees.

Menawikitajodohkok

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to my knowledge there are still many people who have not invested in bitcoin.
1. because they still do not know about bitcoin world.
2. There are still some people who still do not believe that investing in bitcoin is profitable.

vonnyaries

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i think the flaws of bitcoin is like a minor, because as we can see that bitcoin is the good currencies and we all know that there are many advatages of bitcoin,but we can found the bitcoin disadvatages and reason dont invest in bitocin, first is bitcoin is doesn't have a physic form, its mean that it will gone if the virus or sammers attack you, second is price of bitcoin is not stable, so if youw ant o invest in bitcoin it have risk that you will receive it

sirkings0003

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Quote from: cryptohunter1086 on April 24, 2018, 01:14:02 PM

So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).

Maybe you are at the point of making great decision pertaining bitcoin investment, but you just need to face the fact in life. If you continue to fix your eyes only on disadvantages of a thing, you will never advance especially in that thing. Just put the possible disadvantages together, calculate your risk properly and move in.

Dexion

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I am not a part of people who hate and refuse bitcoin, I prefer if people who resist bitcoin the same with warren buffet.

and some people who resist bitcoin, they are afraid and worried that investing in bitoin will make it lose.

high volatility makes some people afraid, because its value is unpredictable, and in the end bitcoin will become market bubble, and then will explode.

and bitcoin values have not physical shape are also reasons people do not want to invest in bitcoin, and then bitcoin is often used as a facility to carry out crime.

bitcoin has a great risk, especially when we lose the bitcoin from the wallet.

rabs

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There are countless reasons to invest in Bitcoin.Bitcoin is revolution in financial activities it based on peer to peer blockchain based technology which secure transactions and done with efficiency without any boundaries.Bitcoin have store value and most profitable as compare to other medium of investments.

vitimers

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Only reason I can think of is that you should not invest if you do not have any savings. I see some people are buying by taking loans which is a foolish decision.

Anakcikal

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Bitcoin has proven to be the most successful virtual currency in the world but some people are still afraid to invest because they are afraid of losing their funds.

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