Topic: The good and bad of bitcoin (Read 399 times)
Anyways you're right. Bitcoins has some pro's and con's but so far as we're in crypto and have been following up for sometime we sure know that the good aspects are many just that haters are trying to paint it black. Well, we're still growing and very soon everyone will join along.
Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
In terms of usages of bitcoin I don't see any bad of it, I also cannot say that because of volatility the market value of bitcoin was goes up and down. It is normal things happened in the market either. Just all I know that because of Bitcoin I can now freely do save money for the future of my family through altcoins.
Good side of Bitcoin:
I earned much dollars by completing bounties as well by trading. Well the best part that purchased few things that i only dreamed of once as well as helped me to purchase some cheap stuffs online from the marketplace while hiding my real identity. Learned a lot from this forum regarding the next generation most competing technology.
Bad Side:
Due to market volatile nature and price bouncing, i am now totally addicted to Crypto mainly BTC as i am only holding it. I wake up every morning checking out the price as well as the price is what i check the last thing before going off to sleep.
I earned much dollars by completing bounties as well by trading. Well the best part that purchased few things that i only dreamed of once as well as helped me to purchase some cheap stuffs online from the marketplace while hiding my real identity. Learned a lot from this forum regarding the next generation most competing technology.
Bad Side:
Due to market volatile nature and price bouncing, i am now totally addicted to Crypto mainly BTC as i am only holding it. I wake up every morning checking out the price as well as the price is what i check the last thing before going off to sleep.
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value. ... So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return.
I personally think what Bitcoin offer is an entirely new financial system.
It is possible that we are seeing the rise of a new reserve currency right now.
It is possible that we are seeing the rise of a new reserve currency right now.
Bitcoin is slowly changing the financial aspects of our daily lives. From purchasing goods to sending money. For sure this would lead to cashless society. And im very skeptical about that. We just need a little more push for this idea to be used by every living person on the planet.
the great thing about bitcoin in my opinion is the rapid growth of investment value. as a digital currency that functions as an online payment, bitcoin also has a pretty good investment side along with its rapid growth. but the thing to do is, some cases are hacked, but not everyone experiences this if they are careful. and also the fluctuating value of bitcoin is also quite terrible, because it can bring people into bankruptcy.
Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
Personally, I think both of the good and the bad of bitcoin lies at the same point, its volatility. Bitcoin is so volatile and that makes it change its price frequently and sometimes the difference is very noticeable. Sometimes it can be great and sometimes it can be very bad depending on the situation. also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
Personally, I think both of the good and the bad of bitcoin lies at the same point, its volatility. Bitcoin is so volatile and that makes it change its price frequently and sometimes the difference is very noticeable. Sometimes it can be great and sometimes it can be very bad depending on the situation. also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
Bitcoin/crypto-currency is one of the invention for financial development. But, unfortunately every good side has its own bad side. The same case goes for bitcoin. Bitcoin is totally decentralized. No one controls it. You are the sole owner of your coins. You can send it anywhere you like within seconds. But again all these good features has it own evil use. People can steal your coins and then it becomes almost impossible to retrieve it back. They can launder money easily and commit crimes within seconds. But, in the end, the good sides weigh more than the bad sides.
I personally love bitcoin. Because bitcoin is one of the medium of income. You can earn money from bitcoin Which is your benefit for me. Newton says that there is a contrary opposite to any work or thing.Bitcoin and so on it takes longer. Which is not good for many.
Bitcoin's goodness is able to send Money wherever we want in just a few minutes without involving a third party or bank, the badness of Bitcoin is that it is vulnerable to hacking, because if it's loss it is beyond the responsibility of Bitcoin.
Bitcoin most important goodness is its money transaction facility. Which is better then that of any bank's money transaction facility. Bitcoin provide their users an uninterrupted and untraceable, fast secure and safe money transaction facility and also help in international transfer with out any trouble or interrupt of third party. And the bad news is its less availability and high irregularities in its production and distribution in demanded area. And this also responsible for its volatility. Another bad thing about it is its complex nature which is quite difficult to understand for a normal person.
Bitcoin is a good thing. This is a great investment, it is an opportunity to transfer any amount of money anywhere in the world. If we talk about the shortcomings, the problem with bitcoin is that it is very volatile. But on the other hand, it is also a virtue, because because of this volatility bitcoin holders can increase their money.
the great thing is that this is transparent and all transactions can be known to everyone so this is good because there will be no more fraud but the worst is because it deals with internet networks so everything is still very vulnerable to being stolen because hackers are great from ordinary thieves they are invisible and horrible
The strength of bitcoin is its huge profit if you invest in the right time. Not only that, it is safe and secure. But the price of bitcoin is not fixed, no one knows what it will be tomorrow. But do not worry too much, bitcoin is the future currency, it will rise again.
Besides that is that people are enjoying the anonymity here in cryptocurrency that is why a lot of people are using it s well as bitcoin is becoming great advantage for those people who wants to invest and they are becoming investors and traders with less hassle as it is paperless and online transaction. 
The good and bad of bitcoin is the volatility of the market,you can buy it today and tomorrow the price is below what you just bought but all the same there is no need to panic about this definitely the price will come up again but is just a matter of time and patient.
Bitcoin is the combination of both good and bad thing. First we talk about good things about bitcoin. Bitcoin good things are its transactions facility, which is more secure, safe then that of normal bank transactions. And also charge low transaction cost then that of normal bank transactions. And bitcoin International transaction are also less untraceable and uninterrupted. Bitcoin also use for many online shopping etc. The bad news about bitcoin is its volatile nature which is creat lot of problems for many investors. And its untraceable and uninterrupted money transaction facility promote many criminal activities.
The strength of bitcoin is its huge profit if you invest in the right time. Not only that, it is safe and secure. But the price of bitcoin is not fixed, no one knows what it will be tomorrow. But do not worry too much, bitcoin is the future currency, it will rise again.
Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.
however, it will assist you with being more dependable about your record.
What is the great and the awful thing you can say in regards to bitcoin??
Most of the people know this, hacking is the black mole in the bitcoin from long .But now it's reduced I think , because people got knowledge about hacking.Many had started to safe their wallet with some security setup. You can try two factor authentication ,I had a try with that.It's still safe.The good one in bitcoin is the price fluctuations,it allow us to get some huge profits.
Everything has good and bad sides. Bitcoin always has two teams to the truth so if you want to look for short-term profits. Make sure you find the significant risk for your investment. So accept the reality of Bitcoin.
~snip~.
My bad is that, any mistake made in transfer of coin, is as good as gone. That is why it takes me time to finally press the send button
My bad is that, any mistake made in transfer of coin, is as good as gone. That is why it takes me time to finally press the send button
Well this is the hardest part from what the positivity of bitcoin when you send this wrongly theres no claiming back.not like in fiat(banking)that you can reverse the transaction and may win over the amount again
What is the great and the awful thing you can say in regards to bitcoin??
no doubt is slowness, you have no idea how stressful stay more than 30 minutes waiting for a confirmation. Another day I sent bitcoin to someone and I stayed more than 30 minutes waiting for a confirmation at least. can not sleep until I had a confirmation, imagine if I was a super market in my country for example, I would already be in trouble. bitcoin needs to be faster, sometimes the person needs money urgently and this slowness does not help. the big thing is the profits.
What transaction are you referring to?Maybe its a local exchangers?That need a long hours of transacting?This is because of the third party involvement,the problem is you provider and its not a bitcoin of blockchain transaction itself..and what about that example if you are in supermarket?Does this mean that in your country bitcoin is accepted as payment for goods?
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