Topic: Reasons why not to invest in bitcoin? - page 9. (Read 1061 times)
There are countless reasons to invest in Bitcoin,Bitcoin id free from paper work hurdle and having good store value and you can make transactions on fingertips.
Reason why you should not invest in bitcoin is if you don't know what crypto currency is. Lots of people invest in bitcoin even they lock of knowledge from it thats why they lost their money and they scammed by others.
I think the only reason is because of price fluctuation which is a normal things in every business, they is no way one will be convince not to invest is a volatile business like bitcoin. more over people are afraid of loosing their money to fake users too
The only flaw I can see see is the transaction speed which is slow, so it cant be used in some stores, but in the future this problem will be easy handle by the developers, most of the time people hate bitcoin because of that people invest in the wrong time and lost money, and then people hate bitcoin because they don't understand with bitcoin and only believe in the negative news publish by the media
I agree with you that is the problem on bitcoin but the other issue is they are afraid to lose there money they think that bitcoin investment is only a scam and they dont have any idea how to invest on this currency,they always heared that bitcoin is not a good investment that's why many people are afraid to invest. I think this forum is not the right place for you because all users here trust bitcoin and you cant get an answer to your question here we will not look at its negative side because we sincerely beleive in it.
Sharing information is not bad if people think about what they are doing is wrong.
If you do not have stable income and extra money that you can invest somewhere, then do not invest!
If we knew that bitcoin price would rise so impressively during the past ten years, we would buy bitcoin for sure at that times. Now you can find that the price constantly grows and reaches $9000-$10000 and will grow again.
There is no reason for us not to invest in bitcoin unless you do not have enough money, bitcoin has given us a lot of value, you spend $ 1 you can get $ 2 or $ 7 or Much more so why not invest in it..
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).
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
I'm wondering why are you trying to find the reasons not to invest in bitcoin? if you're here to support the whole industry, you should be focusing on reasons why to invest instead...
I think the reason why you not invest in BTC is maybe because you have no enough money to invest in it. But you must try to join in signature and bounty campaigns, in that way you can get earn and use it to invest in btc.
So do you prefer investing in altcoins? Well, if you can notice, whatever happens to Bitcoin, it has an impact to altcoins. Are you doubting the capability of Bitcoin? or the cryptocurrencies as a whole?
I think it's not good to invest Bitcoin because sometimes it's always decreasing and when it happens your investment would not profit, then you wait when its rises up but when it's not then how are you going to take back what you lost? Simply this months is not good on Bitcoin maybe in the further months or the yearend months.
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 think the drawbacks are varied but the common one is the price is not predictable with certainty, the guarantee for its security is so lacking our own that can make it safe it may be the weakness I know and the problem of legality is lacking in different countries My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
For me, there is no reason why I am going to refuse to invest on bitcoin. Because it has a good advantages. Let's just say some few reasons why not to invest on bitcoin. There is no such thing except in its volatility and its 'dark use', I will not going to invest on bitcoin if most of the sites are contaminated by hackers and scammers. That is one of the reason I know.
IMO the only really good reason to not “invest” in bitcoin is due to the fact that you don’t have the necessary means to be able to afford to do so. Like many investments, bitcoin is risky as well as all cryptocurrency. Also bitcoin is truly not meant as an investment. It was created as a global payment system.
For me, there is no reason for me to not to invest. Even if the price drops, when it rises you will definitely get a big profit. If I have a lot of money, I will surely invest in Bitcoin because I believe in it's ability. If you hold it for a long time, you get a too much profit.
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 think that the main drawback of bitcoin is that it is still being used little. Still too few people use crypto-currencies. The coin is only useful when it is needed by many people. But I do not consider the dark past of bitcoin as a drawback. My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
the reason I do not invest bitcoin is affected from the fund alone if I have a lot of funds I will invest bitcoin.
The only reason I see is if you don't have enough money to buy into bitcoin and you think that it's the only way to make more money, or don't understand bitcoin well enough and you're just joining the hype and hopefully replicate the success of others. Other than that, i think are excuses of people or FUDs. The technology behind bitcoin is really innovative, and several giant financial institutions or banking on its potential, meaning there's something really good about it. This already explains a lot as to why should one consider investing in bitcoin IMO.
I don't have a reason why I will not invest in bitcoin. Bitcoin is a good investment and it is the best investment I entered. As you can see, there are more movement and profit here in the crypto market. For me, it is better that the circulation is active and more volume of trade.
There is no reason for not investing because it is profitable, we are just afraid to put are money because we think that we might not get profit especially if we have no other source of income to support our needs and some emergency. Cannot hold that tight for long year investment which is not only lose profit but also lessen the value of investment. Jump to: