Topic: Reasons You Shouldn't Buy Bitcoins - page 10. (Read 1626 times)

If you are looking to invest only time and your brain, then there is no reason not to do so in crytpo-currency.
If you are looking to invest money as of now, you shouldn't because its at ATH (All time high) right now. All that the current buyers are doing is increasing the profits for the early adopters who got them in the hundreds and thousands for dirt-cheap prices, while you'll have to blow through 2-3 weeks'salary to buy a fraction of it now! This is completely favored to those at the top and such an investment is a typical MLM, Ponzi scheme. These are just the sensible reason why you shouldn't invest right now.

What you should invest is probably your time to earn BTC online by working for it. You should also put in the time to be a part of the conversation, maybe try your hand at mining with some cheap gear.

yeah, there can be many reasons for it. like if you are scared and can not make up your mind and also if you are incapable of investing what you can afford to lose. some people have to invest big!!! but some adults are capable of controlling themselves and they can manage their money. they simply invest a small amount of money like 100 dollars and buy half a bitcoin in 2014 and then think of that 100 bucks as a money they spent on something. then they come back in 3 year sand see that 100 dollar is now worth $5,000

another reason I can think of is if you are too lazy to learn a new technology, learn about bitcoin that is. or if you are incapable of learning about it. then you shouldn't invest in it.

The reason I currently do not buy bitcoin, because I do not really understand investment in the world of crypto gan, I am more interested in joining any project in this forum, in addition I also learn how with the development of bitcoin. , rather difficult to predict the market price, my mental has not been strong

This statement is pretty much spot on in my opinion. Cryptocurrency as a whole have lots to offer and if people want to live their lives as it is, like working multiple jobs but salary still not enough to get by then they really should steer away from btc and any other crypto. As for me, they only reason why I shouldn't buy bitcoins is because there are ways to get it for free. I can offer online jobs and ask for btc as payment which are really possible nowadays especially if you have the skills needed to do online jobs.

The explanation is long and complicated.
AND ..been explained countless times before.
Common sense should suffice.
That is if you did your homework and know your facts about Bitcoin.

If you are looking for a pyramid scheme / way to make money with your computer it may be right for you.

If you are looking for an "investment" i would discourage the idea.

If you are a real crypto enthusiast i would *maybe recommend buying them.
Under the condition that profiteers are excommunicated or at least handled appropriately (power stripped from them)

Why ?

"crypto" has become pointless trash and Bitcoin is broken.
Why would you invest in something that has been out for 8 years and failed ?
Because the price keeps rising ?
..yeah so did housing market derivative bundles before the world wide recession in 2007 / 2008.

Speak to an "investment" professional about what a sound investment is.
If they do not highlight the multitude of red-flags give off by crypto / Bitcoin then they are not reputable.
What is a good investment ?
Something that might provide a good or service that is needed and wanted and has a potential for growth and potentially stimulates the economy or creates jobs etc.
A stock for a food item that supports farmers or an electronics company who makes devices may be a good example.

The Winklevoss twins invested in Bitcoin.
But they were rich and took unreasonable risks they could handle.
It doesn't mean everyone should.

Ponzi / Pyramid scheme bubbles are not good investments.. such as the infamous Multi Level Marketing coin scam called LEO Coin ..or the endless stream of others like *ANY* ICO ever made.

You don't need to be smart.
You just need to act on it.
A small child can tell what is sketchy vs something legit.
You all know better but are lured in by greed.

Like other businesses,bitcoin has its own risk which is price dropping drastically or having your money stolen, apart from these two reasons bitcoin is a nice investment.

You could lose money on your investment. In 2014, bitcoin dropped 80% over two years. It could easily happen again.

I thought you came here to list all the reasons why we should not buy bitcoin with your title and I was so ready to hit you back.
If you are happy with the way the traditional banking system has been working, the way you have been enslaved all these while, do not value your financial freedom and you are scared to take a little volatility risk, then bitcoin is obviously not for you.
I guess I just listed the reasons you should buy after all. Anyone who is looking for reasons not to buy bitcoin in the first place rather than looking for all the benefits blockchain technology brought with it, then they had rather just stay away.

because when coin lost it’s value ,you lost your money



many only take your risk (government ban , Scam ICO , coins crash)

I think you should understand about bitcoin and crypto, then you will understand and know speculation about investment or trade. it is a matter of what you think, what you plan and what you want to get. that way you learn and examine every possible possibility that can benefit. so I guess if you are interested and want to be involved, fill your life with knowledge.

He will make me super wealthy that I cannot control everything. So better not to buy

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.