Topic: The good and bad of bitcoin - page 2. (Read 399 times)

the good aspect of bitcoin does get results from investment. but getting results also depends on us who can run it. even if this is good, but we cannot run an investment, it's the same as bad.

The good aspect of bitcoin is ,lot of people have gained money in their long term investment, And the bad aspect of it is its takes longer time than excepted.

The good side is that when we are introduced to digital currency technology where we are given some convenience in terms of the economy, for example with Bitcoin makes it easier for us to transfer money, while the bad side is when this technology is misused by parties who do not responsible, because of its anonymous nature Bitcoin may be used for crime.

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.

yes, bitcoin has benefited many people, someone who wants to invest by buying bitcoin at the current price for them to hold for a long time, of course that person will get a huge profit, because bitcoin will someday according to my analysis raise the price even higher than the highest price level, someone investing in bitcoin will not suffer losses or losses, for example they will not make mistakes.

The good of bitcoin is just helping other people to be rich and successful in a very young age. The bad of bitcoin is the chance that you will be bankcrupt if the price of it drops.

Cryptocurrency is like a weapon. It remains good while it's used for defense purposes but can become bad once it got into someone's bad hands. The weapon can't be bad or good for itself. It all depends on the one who uses it and what is it used for.

Like you, my greatest attraction to Bitcoin is having improved access to my money.  To be able to send money to any country of the world for a fraction of the cost is surreal. I love that. This is the way money should be. Now maybe I'm jumping the gun or asking for the moon, but there's one thing I do not understand. If Bitcoin is all recorded and the blockchain is impossible to forge or alter, how come it's possible to hack Bitcoins? See if my SIM card for the phone is stolen, I can have the card blocked and get a new one. Same with my debit card. But how come I can't do that with crypto? Surely the blockchain should be able to block the stolen money and keep it secure? I just don't get that part.

The Bitcoin can give me good profit anytime,most likely investment, trading also give us good ways to income money increase for the bitcoin.i never bad time with the Bitcoin because I have to panic time and knowledge about market situation.so the market will consider and come back soon is possible.

The security of Bitcoin is exceptional and amasing. Those who promote the theory of hacking in cryptocurrencies are grossly mistaken. The reality is the cryptographic algorithms makes it near impossible to hack into the network. Its transparency enables you to make transactions anytime without any interference...as with the case with the conventional fiat currency system. Bitcoin, like other cryptocurrencies, offer the world split second transfers, fraud and identity theft protection, elimination of sky high transaction fees and much more. As a business man, I can do business even in areas notorious for fraud and crime because Bitcoin public ledger, aka block chain, protects me from being cheated. And of course Bitcoin protocol cannot be manipulated - not even by the government - because Bitcoin is cryptographically secure. To be frank, Bitcoin has disrupted the global financial order in more ways than Satoshi Nakamoto ever envisaged when he created it.

Nevertheless, there are some disadvantages. For instance, too many people are still in the dark concerning Bitcoin and cryptocurrencies.  It lies in our hands, then, to educate the world about this 'miracle' so everyone can key into this breakthrough. Similarly, more businesses need to accept Bitcoin as a legal tender. There is also the volatility concern, but I think that as more trading centers and businesses accept Bitcoin, the price will eventually stabalise.

If you ask me, I think that the advantages of Bitcoin far outweigh the above concerns - or any other concern for that matter. The truth is Bitcoin is still evolving, and if in its infant stage, Bitcoin has achieved great feats, how much more will it achieve when its full potential is realised?

You and I have a role to play. So, let's spread the word. Bitcoin has come to stay! No one can stop it...and as they say 'if you cannot beat them, join them.' Let us all preach the gospel of Bitcoin!

bitcoin can help in any way and can give us a lot of income even though we know that together the price of bitcoin is very unstable sometimes it rises but also drops and has many risks so we have to be smart in using bitcoin both investing in trading and mining so we need patience in using the world crypto.

Bitcoin always gives me profit because my money that I invest before I alreadt withdraw it and the bitcoin I’m trading with is from the profit I got in a signature campaign, so for me Bitcoin is really good. The price are still high compare to the time I enter in this market. So far I don’t experience major problem with bitcoin.

GOOD: The financial freedom it represents to hard working, rational people.

BAD: The threat to financial security it causes people who delude themselves into taking stupid risks.

For me in my own opion from the good and bad of bitcoin is not an issue at all. For the good things as I experience from bitcoin is the salary that I received since from the day I started to join in bitcoin..is...im happy and gladly appreciate those things, And the bad issue from bitcoin is the always changing prices goes down and it's hurt me because I never had to convert my tokens from the good value.

Bitcoin benefit is sure being anonymous transfer.. easy to use and to buy and sell with peoples around the globe. The bad thing is for me is the high ridiculous fees for a low transaction sure are killing me. yeah bitcoin also has no insurance if our money lost or being hack. so used bitcoin with carefully and always not get phishers.

In my opinion the profit of we have a bitcoin is we can invest for the future and we can make more money. Buy the bad is when the price is up and we panic and sell. We lose our money and we loss too. So don't be panic if the price of the market is falling down

Transaction and high fees isn't a big problem anymore since the lighting network has been launched and blocks had been halve last year and the next halving will occur ETA May 21, 2020 so this shouldn't bother us.


Oh this, I feel you.
Sometimes I'm paranoid in sending bitcoin to other address as I'm worried that I might wrongly send my bitcoin and so I'm checking it like more than 10 times. It's annoying. 

If you truly are thankful about the good effects of bitcoin in your life I think you need to be thankful even if there are negative things regarding this technology, Even if it had many issues with scalability there is a good reason and purpose behind this, We should be thankful for every technology that had good quality and services for us it is still not perfect and will have its downs too, We should still consider this as a good thing.

There is the lightning network coming, which will allow for instant, almost free payments. It actually does now already, but i wouldn't call it ready for prime time, it's still risky, but it's improving nonstop.

I would start using it for small payments to start understanding how it works and learning the wallets, they are simple and it's a good way to test things out, but don't risk big money on it.

As far as on-chain scaling, it's just not going to happen, so if you dont like that, you will have to pay the fee or use an altcoin.

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.