Reasons You Shouldn't Buy Bitcoins - page 7.

cutecute

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Quote from: James Messy on November 22, 2017, 12:58:53 AM

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.

I think the best reason is because there's a possibility that you will be get scam. Others say that insufficient knowledge but I don't think that is the best reason because you can make your own research for your bitcoin so that you will know all the process here just like what I did I'm reading all the articles here and reading some ideas on this forum.

MarkusIsaiah

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In my case, I dont invest my money in bitcoin. I just invest my effort to have a bitcoin. I dont used my pocket money too have bitcoin you know. All my investment and saving here in my bitcoin is my profit. Just be responsible and do your best and effort a lot in what your doing. you can earned bitcoin not using ung pocket money.

TheKeyLongThumbI

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Quote from: newgal2017 on December 26, 2017, 07:57:58 PM

There are a lot of reasons for you not to buy Bitcoins, most especially, if you're just a newbie. Here's why:

1. Insufficient knowledge about Bitcoin and its nature.
2. It may have been banned in your country.
3. You don't enough money to buy Bitcoin.
4. You're doubtful of its truthfulness and stability.
5. You don't have confidence in the capability of Bitcoins.

A person should also be prepared that there is still risk in buying bitcoin but because our belief is stronger than that so we don't really worry about those things anymore. If you buy and didn't know this things first then you are going to certainly sell it on your loss.

michellee

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maybe the reason bitcoin too expensive for every people which want to buy 1 bitcoin but unfortunately, some of the new people don't know that we can buy bitcoin for some portion and we don't need to buy 1 bitcoin if we don't have money. but if they know about this, I am sure that they don't have any reason to buy bitcoin and they will buy bitcoin without thinking about anything. and if they are worried about the risk of the price that might be down at any time, then they need to learn more about bitcoin so they can have a solution to prevent this.

ChrisSand

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Well I can give you reasons why you shouldn't buy bitcoins. Bitcoins fees is high right now and is increasing day by day. Its too risky to invest in bitcoin because of the unstable movement if you are scared for a high risk investment then better not to do bitcoin.

goaldigger

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The only problem of bitcoin is the fees but that is only minimal compared to what amount of money it has given to its investors. There is no reason why you shouldnt buy bitcoins. I suggest to buy more for this comming 2018.

reingelz09

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There are a a lot more explanations regarding this, I will try to give you one, Investing bitcoin is too risky, Thinking bitcoin can make someone rich or a give you profit in return, it's a NO! Just think of this nobody knows maybe tomorrow bitcoin will drop off! maybe next day, next month and so on. I am not discouraging in bitcoin investment or buying bitcoin, but if you really love this, study, read and understanding is a must. One reason why shouldn't buy? It's is too risky. Invest what you can afford to lose.

Thermatic

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It's risky. If you're not into risk, stay away from cryptos

zolfa

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I think you should read a lot and understand about bitcoin and bitcoin investments, unless you have doubts about the crypto world, so you should not invest.
people who are afraid and traumatized by the world of investing, it will be hard to believe, let alone believe in the crypto world. I think you should ask directly to people who have been successful in bitcoin

newgal2017

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There are a lot of reasons for you not to buy Bitcoins, most especially, if you're just a newbie. Here's why:

1. Insufficient knowledge about Bitcoin and its nature.
2. It may have been banned in your country.
3. You don't enough money to buy Bitcoin.
4. You're doubtful of its truthfulness and stability.
5. You don't have confidence in the capability of Bitcoins.

xDsoGood

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I think there is no reason not to buy bitcoin. Unless you have a proper knowledge about it. I think there is only reason not to buy bitcoin, because it was banned in the country.

bitfocus

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I don't see any reason to Stop Buying or Stop Investing in Bitcoin! Well, I agree on one point only, people who have no idea about Bitcoin, no idea about Investment and no idea about taking calculated risks in investment market should stay away from Bitcoin or else they will loose their money for their ignorance but will continue to blame Bitcoin.

Heyyyrenz

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Reasons You Shouldn't Buy Bitcoins? There's many reasons why you shouldn't buy bitcoins here are some of it.

1. You don't have enough knowledge about bitcoin, Why wouldn't you buy bitcoin if you know you're going to earn from it.
2. It is ban in a country.
3. You don't have money to buy bitcoins.
4. You're afraid to it because you thought it can only be used in black market or deepweb.
5. You don't believe in the potential of bitcoins.

No matter what it's a peoples decision. They have different reasons why they didn't buy bitcoins but we all know here in this industry the cryptocurrency industry we know that the bitcoin has a great potential.

Ru chin Salcedo

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Bitcoins is a good investment. You will girantee returns up to more than 200% of what you invest.

ClarksonI

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I do not buy bitcoin because I feel that it is still too high, but it only goes up

justspare

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Quote from: Usui-Chan on December 03, 2017, 06:07:08 AM

If you are really bad at taking risks and exploring new innovative things, then you should get away from investing to cryptocurrencies but instead you can d o bounties and campaigns, at least the risk wasn't as effective as giving out your hard-earned money for a thing that you don't know how it works.

I have been watching people relating this word risk with investment in digital currency for a long period now but honestly, let's just see the reality.

All those people who invested in Bitcoin at early stage are surely rich elite guys now. If they would have considered it as a big risk, definitely most of them would not have invested in it. It was more risky years ago but now I trust it more and advise others to at least make small investments.

Jating

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Quote from: p2pFuture2 on December 04, 2017, 02:31:03 AM

Some people are not interested to buy bitcoin as they think that it is not real at all. Some of other think it will be hacked and so many reasons for not buying bitcoin.

This is the lamest reason I heard so far for not buying bitcoin. Why it is not real? Did you heard about bitcoin exchange? It's where you can "exchange" your bitcoin to fiat. Bitcoin can't be hacked, its bitcoin wallet. And in case of your bitcoin wallet being hacked, its your fault if you didn't have put enough protection. (strong password, keep your private key safe, 2FA).

Quote from: semarmesem195 on December 04, 2017, 01:43:43 AM

The reason i didn't buy bitcoin because i'm not a businessman or a billionaire, i'm just a snack dealer. I play bitcoin because income from bitcoin exceeds my main income so it can meet my family's economic needs.

Its still not to late to buy bitcoin however, the price is really high today and just like you casuals investors, you need to wait for a dip and just buy in small portions and you wouldn't notice that you have accumulated it overtime. Glad though that you are able to supplement your income coming from your bitcoin earnings.

Quote from: sheenshane on December 04, 2017, 01:32:40 AM

Quote from: James Messy on November 22, 2017, 12:58:53 AM

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.

Why should I'm not invested in bitcoin? Well, your wrong because I'm totally invested with bitcoin every month 25% of my salary do invest in bitcoin. In accepting this cryptocurrency in your life make you more profitable and helpful when it comes financial problem. In this scenario many people now who attracted in bitcoin because of profitable and also it gives promising to the people.

This is what I'm saying. You don't need to buy in bulk. A good strategy is to put aside funds to buy bitcoin. The rewards for saving bitcoin is really rewarding specially in you just started from small and seeing you bitcoin stash growing. Good job. Just hold on it and don't panic sell and you will be good.

p2pFuture2

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Some people are not interested to buy bitcoin as they think that it is not real at all. Some of other think it will be hacked and so many reasons for not buying bitcoin.

lehoang3369

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I think we now buy bitcoin is good because its prices are the momentum increases, it is increasingly growing, more and more users, currently invested in bitcoin is a great opportunity. Many have become wealthy because of the btc.

Taskford

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You shouldn't buy bitcoins because the price of bitcoin is already high and it is on the point that the price might already reached the peak price for this year so if you will buy bitcoin now and then the market goes down then you will lose a lot of money from your investment and it is better to just keep your money and wait for the dips.

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