Topic: Reasons You Shouldn't Buy Bitcoins - page 9. (Read 1626 times)

I can give you tons of reasons why you should start buying Bitcoin,
in the same time I can't find any reason that should stop you from doing so.
I think people don't buy just because they are afraid and do not trust digital currency.
Another reason I can think of, is the lack of knowledge and the ability to deal with new technologies.

Maybe my enthusiasm make me think that way and prevent me to see the negative sides of Bitcoin "if there are any"

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.

Why not? Investments in bitcoin make it possible to get a good profit. But do not forget about the risks

Investment in bitcoin involves risk and if you are not a risk taker then bitcoin is not the best place for you to invest your money as no one can predict what price it will hold in future and if price crashes then you will be loosing all your money but that is very hard to happen as bitcoin's price is increasing now and it will be more higher in next few years so I don't see any reason in not buying bitcoins as it can give you huge profits in future if you start buying it now.

There isn't such reasons that you shouldn't buy bitcoins.Amd now bitcoin is a very good position so you can buy now and will be rich tomorrow

If you are not a risk taker and can't afford to lose anything then you shouldn't buy Bitcoins. We all know how risky it is so if you can't take it better stay away from it and to the crypto world. For me, this is just for adventurous people who want to take the rollercoaster ride of Bitcoin. I think that would be the only reason I can share since I'm very positive about it to the point that I can't think anymore any negatives or disadvantages of Bitcoin even though technically Bitcoin really had.

This is honestly not the place to ask why you shouldn't buy. You're going against the basic principle of 99% of the forum population, which is buy and HODL. I'll try to come up with answers though.

The most obvious reason is volatility. If you're looking for a short term investment, you're staring at one that could lose 20-30% of its value within a few hours. There are no trading windows either, so it could happen while you sleep. It's very easy to lose money.

Another is what FUDers would be more than happy to talk about: Bitcoin isn't backed by anything. It's pretty much just supply and demand, and its price only being as high as the next person is willing to pay for it has truth to it. In principle, if all of a sudden everyone becomes disinterested with Bitcoins, its price will plummet to zero.

One of the more overlooked reasons is that you need to know how to take care of it. Owning Bitcoins is really just as easy as creating a wallet, buying on an exchange and transferring, but you need to invest time into knowing how it works, and you need to always be up to date with what's happening with the community. You need to follow certain guidelines to keep your coins safe. It's not a no-brainer investment like some people would have you think.

It could also be a bubble, but that talk has been persisting for years and Bitcoin is still going strong.

There is no reason to not invest in bitcoin.although the increasing number of bitcoin users is not always good, it makes the price is rise and rise, it makes poor people unable to buy bitcoin also the transaction fee will getting higher and higher.but don't miss your chance to get profit from bitcoin.

BTC is a subject to hacking, cracking and govt sniffing around to regulate them. Right now they are not mature enough for that to happen, but its my only fear for assets in the digital space. In fact if that was to happen, you would see significant and sudden crashes in price on the exchanges if this freedom gets taken away. Again the govt like to strike while the iron is hot, and dip in the pocket of almost every living thing that is making money!.

Why not? Investing in bitcoin is another big opportunity. Many people already become wealthy because of btc.


If you do not have knowledge with new technology and negative minded person better to stay away with cryto currency

Patience would be a key point if you intend on profiteering off of Bitcoin.. or other "coins".
The reality is few have it.
Which is precisely how the rich guys get richer from this stuff.
They can sell you garbage then wait you out.. until you dump.
All sold to you via a pie in the sky pipe dream over an 8 year old failed digital currency scheme.
It's been 8 years and Bitcoin just keeps getting worse.
You know.. HOW IT WORKS.

Why the fuck would you invest in some failed internet scheme that is clearly hyped up and in a bubble ?
FOMO .

Who are you talking about? Your answer has nothing to do with what the topic starter asked.

Read the post!

This is true if you bought at very low prices. But if you buy now chances are also taht price will drop and not recover in a reasonable time and that you panick sell with a heavy loss. buy only if are strong hand and can hodl for years.

I think we all want to have bitcoin but the main reason that is why we do not buy bitcoin is the limited budget for many people specially for now its too expensive, that is why i only looking to earn bitcoin for free or i offer my service to make bitcoin.

Also the reason of some people are they are not risk taker they do not like to invest their money online because they would not be anonymous in their investments.

Bitcoin as a digital currency has evolved overtime and it's awareness and acceptance have actually increased, as compared to the way it was before. The only reason why someone should not invest in it now is ignorance, because the prospect of the currency, is on a positive side.

if that person cannot accept new technologies and only worried about being a scam then he doesn't have to invest in cryptocurrencies and other investing programs. the decisions to join or not in cryptocurrencies is different and we don't know what is their reason. but for me, why should I am not invested in bitcoin/cryptocurrencies if bitcoin/cryptocurrencies can help me to earn some money for everyday.

This question can be answered according to your attitude towards this new kind of investment scheme. It’s risky and if your afraid of losing then cryptocurrency is not for you. You can stay away if you don’t believe it, so take time to learn and if it’s not worth of trying then that’s fair enough. This is for the strong and positive minded individuals.

I love taking risk that's my trading type, and i understand why people don't invest their fiat to bitcoin,
Always try to take the risk your not putting all your money anyway.
But please study more about investing not only to bitcoin.

I'm a newbie and I still do not have the money to buy Bitcoin.

Actually, investing in Bitcoin is what I want to do. The reason why i did not invest, since i started and i did not have the money to invest in Bitcoin.