Topic: Some arguments used against Crypto-Currency - page 3. (Read 737 times)
There will be many more arguments that are given by the media or people who hate crypto. the arguments, sometimes lay without any proofs or experiences. They only know from the media or news generally. However, whatever the argument, I myself still here in crypto and support this. why? because I believe in crypto, I also have many arguments that support cryptos.
Well, it's always like that. There will be always be arguments especially on new things. Cryptocurrency is a new thing and people will always find ways to put it down especially those that will be affected with the change. Crypto currency is far from perfect but it is something that we can work out with in order to make our system much efficient. Cheers.
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The argument that you have made, all of it will disappear with the time process. Cryptocurrency will always be confronted with negative information because of the decentralized system, and even I can conclude that cryptocurrency is anti-government. So as every cryptocurrency will develop, automatically new negative information will appear to drop it back.But keep in mind, sooner or later the cryptocurrency will develop because everyone will realize if they study cryptocurrency well, I mean they read about cryptocurrency from a neutral source. If this happens, then I'm sure there will be lots of people out there who will receive the cryptocurrency well, accepting the cryptocurrency with the function that it will feel.
Arguments are going against crypto world some are saying it is just to hide oneself from taxation. other are saying, It is laundering of money different people have different opinions.
Regarding last topic of your post I would say that volatility is something I keen on crypto.
With volatility we can make a good return in a short period of time, so I am a fan of volatility. Don't blame it
With volatility we can make a good return in a short period of time, so I am a fan of volatility. Don't blame it
The most important argument against a crypt is that banks and the government cannot control the cash flow, and this is their most important tool for pressure.
I just read a thread on this forum called "is global warming scam?" so I don't know what some people are feeding their brains with. I saw people with genuine concerns and I think those are gonna be solved in time as blockchain proves itself even more. Some people are not risk takers. But making claims as such without really looking into it is annoying and those people won't listen to your logical arguments like in the case of global warming.
Some arguments used against cryptocurrency :
1. Cryptocurrency is a Ponzi scheme
The whol.............
1. Cryptocurrency is a Ponzi scheme
The whol.............
I agree with you.
Everything is new opponents. Do not become an exception cryptocurrency.
At one time there were people who said that it was necessary to stop the development of the Internet in order to preserve libraries.
Fortunately, cryptocurrencies are developing, despite the opinion of skeptics.
Cryptocurrency as anithing has pros and cons.
as works with customs on field with finance to requires of more with chance on decision to attains with tasks of modest with arrange of evaluation that developer might spends with parts on possession with the authorization of resource to gains with shifts on difference as extending exchange to deliver with modest on works with qualification.
Well said, I think this is why we like crypto. The only thing that is needed for crypto now is legalization. If it is legal, then all problems will disappear.
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1. Cryptocurrency is a Ponzi scheme
It's true , but it is necessary to recognize that the existing financial system in its essence is the same ponzi scheme like a crypto.The only difference is that the whole world is involved in it and people’s trust in it is much greater, but this does not mean that one day this trust will not disappear. Though you were right it is often the topic that they seems to debate here, specially the legality of bitcoin in some countries. And on how to help their economic crisis but people are still supporting bitcoin and other altcoins no matter what they say to it. I guess this is how other people live their life no matter what the people say.
People does and the community are welcoming for these instead of ignoring crypto. A lot of FUD's coming around and it looks like it won't makes sense at all. In fact, cryptocurrency continue its wide growth and could be known already in different country. 
The arguments want to make people afraid to invest their money in cryptocurrency. Those arguments are like negative news in the cryptocurrency, and they don't want to see another people come and join to get the benefits of cryptocurrency. They still do this to many people because they are sure that people can become afraid and worry if they made that bad news in over and over. But they will never realize that the people will learn more about crypto so people won't be afraid anymore with the bad news.
Though you were right it is often the topic that they seems to debate here, specially the legality of bitcoin in some countries. And on how to help their economic crisis but people are still supporting bitcoin and other altcoins no matter what they say to it. I guess this is how other people live their life no matter what the people say.
This negative thing about cryptocurrency is a natural thing that is usually stated by someone or a company who feels that he is threatened with the existence of Crypto, but somehow they make a negative issue about Cypto will not be able to weaken the crypto journey for future economic progress of Glabal.
Some arguments used against cryptocurrency :
1. Cryptocurrency is a Ponzi scheme
The whole economic system beginning from demand and supply is a Ponzi scheme because in demand and supply, someone profits from the loss of someone else.
2. Cryptocurrency has no intrinsic value
A government stamp on paper does NOT give it intrinsic value. With your fiat so-called intrinsic value, why does the value of all fiat keep on dropping in value?
3. Cryptocurrency can be used to evade tax
The ONLY legal tax is income tax and nothing else. And it is not wrong at all to not pay all of those extra so-called taxes to any government whether good or bad.
4. Cryptocurrency can be used for terrorist activities
The internet itself is used for terrorist activities. Gold and fiat money also is used to fund terrorist activities and are done in private. So how will you regulate those dear regulators?
5. Cryptocurrency can be used for money laundering
I can money launder with gold also by simply burying the gold and hiding it from the eyes of tax collectors. I can similarly make private and corrupt transactions with fiat money also in secret.
6. Cryptocurrency is volatile
Stocks are also volatile. Check out how volatile the Amazon stock has been.
These are normal reactions from those who do not fully grasp the core value of crypto. Negativities placed upon something that has potential of making a great impact on economic growth and development. Not only in one nation, but on a worldwide scale! Cryptocurrency is still considerably in its early stage. So much more will happen in the years to come. More negative inputs will certainly be made. But crypto will continue on moving forward. 1. Cryptocurrency is a Ponzi scheme
The whole economic system beginning from demand and supply is a Ponzi scheme because in demand and supply, someone profits from the loss of someone else.
2. Cryptocurrency has no intrinsic value
A government stamp on paper does NOT give it intrinsic value. With your fiat so-called intrinsic value, why does the value of all fiat keep on dropping in value?
3. Cryptocurrency can be used to evade tax
The ONLY legal tax is income tax and nothing else. And it is not wrong at all to not pay all of those extra so-called taxes to any government whether good or bad.
4. Cryptocurrency can be used for terrorist activities
The internet itself is used for terrorist activities. Gold and fiat money also is used to fund terrorist activities and are done in private. So how will you regulate those dear regulators?
5. Cryptocurrency can be used for money laundering
I can money launder with gold also by simply burying the gold and hiding it from the eyes of tax collectors. I can similarly make private and corrupt transactions with fiat money also in secret.
6. Cryptocurrency is volatile
Stocks are also volatile. Check out how volatile the Amazon stock has been.
I have checked the list offered by you and I can agree with all those points mentioned but I am sure that btc is the best coin, regardless the arguments against this coin. I consider it very powerful
Those who are afraid of crypto will find thousands of reasons why it can be dangerous. They do not understand the possibility of blockchain and cryptocurrency and try to resist it by all means. But crypto is not bad, it is not necessary to be afraid of.
6. Cryptocurrency is volatile
Stocks are also volatile. Check out how volatile the Amazon stock has been.
things compared to crypto then we would able to say that crypto is way too much that's why it cant really be easily accept or adopt by merchants or big companies due
for that reason.Lots of arguments actually but crypto can manage on its own path.
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