Reasons why not to invest in bitcoin? - page 7.

ropyu1978

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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).

well, I think this involves your perspective on bitcoin or crypto aside from the volatility you say. but for me personally, bitcoin does not have its kekurang because bitcoin has been designed in such a way by satoshi nakamoto. and what happens for now bitcoin has evolved into a high value asset

Jenits

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For me I don't have reason why not investing in bitcoin because bitcoin is good coin bitcoin is going down but this not a reason why you should not invest it .

Mpamaegbu

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Once a man, twice a child!

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).

First off...Anyone who would meticulously state this type of premise isn't a Newbie as your rank implies, OP. Obviously, you are an older member here.

To the question inter alia, there isn't any invention that hasn't got its flaws. Even the rocket sometimes fails to launch because of flaw. This isn't exonerating the flaws in bitcoin, anyway. For me, the transaction backlog of bitcoin has remained its greatest flaw and the bane of its development. Miners are unreasonably arrogant with their charges.

aftab.436

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they can't acknowledge something new particularly in the innovation segment so they simply couldn't care less about this and relinquish until the point that they understand that really, they can utilize the innovation to themselves. however, I think about when they understand about this, it is past the point of no return for them to get engaged with bitcoin industry in light of the fact that, in that time, they found that the cost is excessively costly and, making it impossible to gain with expressway it's extremely hard to do.

Wayan_Pedjeng

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If you want reasons, then I can list thousands of them. But the top 5 that comes to my mind are as follows:

1. BTC is highly volatile
2. Transactions are irreversible
3. Legal status is unclear
4. It is relatively new
5. Tax complications can arise later

ipanks

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Quote from: hawkins on April 30, 2018, 12:24:21 AM

Quote from: oni4an on April 29, 2018, 03:49:50 PM

In the world everything goes through a loop. Now the market is less than in December 2017 onwards, but there is no eternal growth need and correction that we are seeing now. Soon new heights, fasten your seat belts)

in fact, there are still many people who are skeptical about this. that is, they are afraid to take risks, because a lot of experience from people who invest in bitcoin, and the price is down. well, but bitcoin is created for people who dare to take risks.

yes, you are right, they cannot accept something new especially in the technology section so they just don't care about this and abandon until they realize that actually, they can use the technology to themselves. but I guess when they realize about this, it is too late for them to get involved in bitcoin industry because, in that time, they found that the price is too expensive and to earn with freeway it's really difficult to do.

maybe they just afraid because of many people around them telling that don't use bitcoin, it will make you lose your money in any second, the price is too volatile and it's too dangerous for you and bla bla bla.

dear53

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People are scared in bitcoin because of falling down its price.Bitcoin price going to down in a very short time.Who in vest in bitcoin they are feel very risk in this time.New investor who want to invest in bitcoin they are also feel scared for this situation.Now in the online market every currency price is in danger.Almost all currency price is going to low.This is also a very important reason to people are not invest in bitcoin.So the falling of bitcoin price the main reason for people not to invest in bitcoin i think........

Your ever

hawkins

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Quote from: oni4an on April 29, 2018, 03:49:50 PM

In the world everything goes through a loop. Now the market is less than in December 2017 onwards, but there is no eternal growth need and correction that we are seeing now. Soon new heights, fasten your seat belts)

in fact, there are still many people who are skeptical about this. that is, they are afraid to take risks, because a lot of experience from people who invest in bitcoin, and the price is down. well, but bitcoin is created for people who dare to take risks.

hakertajniak

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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).

i see there is no reason for not investing in bitcoin. you must invest on it.
we already see the prove how profitable is investing in bitcoin. year by year bitcoin price has increasing.

oni4an

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In the world everything goes through a loop. Now the market is less than in December 2017 onwards, but there is no eternal growth need and correction that we are seeing now. Soon new heights, fasten your seat belts)

freshm4ker

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For me it would not be good to invest bitcoin as it always decreases and when it happens your investment will not profit, then you wait when it goes up but when not how you will take back what you lost. This month is not good on bitcoin probably in the following months or at the end of the year. Cool

budz0425

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Quote from: Ferki on April 29, 2018, 11:56:54 AM

Investing in Bitcoin and other cryptocurrency is allways risky,so you should invest only what you can afford to lose.Thats the only reason why you should not invest in Bitcoin

A lot of reason why we don't need to invest in bitcoin since investing requires patience and if we are too emotional and don't have enough patience to wait for the right time to withdraw then we should not invest in it especially when we do have lack of time.

Ferki

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Investing in Bitcoin and other cryptocurrency is allways risky,so you should invest only what you can afford to lose.Thats the only reason why you should not invest in Bitcoin

batang_bitcoin

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

I know it has great applications and is just great but it is not falwless right?

There's no perfect application or system.

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

My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).

If I can think and give one of it,I'll choose to say that the flaw of it is that many are not accepting it and are still skeptic about it.

adpinbr

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Yes it is considered and is proven that bitcoin has tons of people using it for illegal activities, I won't even name one of those illegal activities but if you are curious about it feel free too google it. You should give bitcoin a shot, I mean it doesn't mean that these things happened that it will also happen tou you, next up is that be strategic, why not try to split your savings and try to invest in bitcoin whilsyour other investment is on an altcoin, I guess it would be fair right?

goldcoinminer

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Quote from: panukurap on April 29, 2018, 12:19:39 AM

there's no reason not to invest bitcoin, if we have the money and have the knowledge of the way bitcoin invests, bitcoin definitely will give an advantage, because bitcoin is a very profitable investment tool for now, so there's no reason for me not to invest bitcoin.

I admit bitcoin has really its own flaws but for me,it's not a big deal.If you really want to gain profit through investing in bitcoin,i'm sure you still have lot of reason why you'd like to do that.Bitcoin is open for everyone so it's up to us already how we will cope up with its advantages and disadvantages to still pursue our goals in bitcoin.

aircrusan

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Not invest in bitcoin is not entirely correct! Bitcoin is a king, I think everyone should get used to count money in bitcoins, not in dollars! To earn in the crypto currency you should always be guided by the price of bitcoin!

Virtual miner

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I really don't think that bitcoin volatility is its negative trait. It is my personal opinion, frankly speaking. It is because of volatility in the prices of the crypto coins that the day traders, speculators and investors are able to make huge profits in the market. If the price of the bitcoin does not fluctuate and remains constants, or the value changes occasionally, then it would be not possible to make out gains in the crypto market.

And the dark side which you are talking about or the illegal use of the bitcoin, that problem is serious. the transactions done through the system of bitcoin are anonymous in nature and the identity of the criminal is difficult to trace. So criminals these days have made this crypo market a darknet to fulfill their ill wishes.

laryillary

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Frankly, one of the biggest advantages of bitcoin is that it is not controlled by any authorities, and this allows its users to remain somewhat anonymous, although their transactions are visible to everyone. The anonymity of the owners is an important reason for the growth of bitcoin in the last couple of years.

Finestream

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Quote from: Caelanpelley on April 29, 2018, 09:49:35 AM

Investing bitcoin helps you get rich. But many people do not like to invest in bitcoin. Because they think bitcoin is a virtual currency it can disappear at any time. Bitcoin operates freely and is not subject to the laws. So it has no legal basis so the safety is low.

You have your point too.Bitcoin cannot give us an assurance that it will be here to stay forever.It can be gone in just a sudden.So i suggest invest only what you can afford to lose.And seize the moment right now while the iron is still hot.Bitcoin may be the answer of our prayers to have a better lifestyle and a secret tool to be rich in the next months and years.

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