Topic: The good and bad of bitcoin - page 3. (Read 399 times)
I think the worst thing about bitcoin is its absolute anonymity. No, anonymity is good, but also the other side-it is used by terrorists and swindlers.
For me there's a good and bad of bitcoin . First the good of bitcoin can bring you lots of benefits like potential of massive return , beneficial , fast transaction and full secured account to avoid hackers but the bad of bitcoin is loosing your income to generate it but nothing return and sometimes it technical difficulties that sometimes delayed expectations .
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 gives a lot of opportunities to people who are less fortunate. At the same time it makes a difference in the improvements of the fast growing technologies. Although there are also several bad sides of bitcoin. To note: its volatility, it’s unstable market value and unpredictable swings. These all good and bad sides of bitcoin makes it more interesting and unique.
My main advantage is that when I want to do a transaction like sending money out of the country, I don't need a third party to do it, because I can do it myself. Bitcoin's weakness for me is to have a high level of risk, be it investing and fraud.
bitcoin is almost amazing to me. In addition to bringing in the technology blockchain change the world. bitcoin also help me a lot in earning extra income help the family, help me get friends from different places in the world as well as knowledge about blockchain.
The recent cheap fees in bitcoin transaction is one of my good. Again, the easy conversation to fiat is another. It is the easiest to sell among the cryptocurrency, you can easily see a country man willing to give you some cash for your bitcoin.
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
people, well, what about the bitcoin course? as it gradually falls, suddenly the nerves of the "millionaires" holders will not stand up and psihanet somebody, I'll suck us up for the whole screen))) I think for 0.5k bucks below the orders for the whole cutlet, although not, I'm afraid: biggrin:
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??
Bitcoin has produced a lot of world financial progress and the most mysterious search for bitcoin founder, ya. He/She is Satoshi Nakamoto.
2 great things that I experienced. when digital currency designers that caused a lot of controversy, it is still unknown until now. but the concept that has been built and running, can cause a lot of busyness in all countries.
a good part of Bitcoin is as a protector of inflation
Like gold, bitcoin is considered to act as a protection value from inflation. Bitcoin can reduce excessive inflation.
while the bad part of Bitcoin is the money laundering
The use of bitcoin currencies is not controlled by the government or authorized financial institutions. As a result these conditions open up huge opportunities for criminal acts such as money laundering and tax evasion. Lack of government control also makes bitcoin seem worthless. In addition, some financial observers consider bitcoin to be an illegal currency because legal legislation is not encouraged.
Like gold, bitcoin is considered to act as a protection value from inflation. Bitcoin can reduce excessive inflation.
while the bad part of Bitcoin is the money laundering
The use of bitcoin currencies is not controlled by the government or authorized financial institutions. As a result these conditions open up huge opportunities for criminal acts such as money laundering and tax evasion. Lack of government control also makes bitcoin seem worthless. In addition, some financial observers consider bitcoin to be an illegal currency because legal legislation is not encouraged.
My issue with bitcoin is the scalability. Some days it takes ages to confirm transaction on bitcoin blockchain which is not too good as at times breeds trouble between two parties who had a delayed confirmation. It is unacceptable that bitcoin blockchain confirms only 7 transactions per sec. The developers
should do something about this issues or bitcoin very soon lose relevance among crypto circle.
should do something about this issues or bitcoin very soon lose relevance among crypto circle.
This has been the problem of bitcoin ever since it became famous and lot of investors specially new whales got into it. The transactions became slower with high fees. But since bitcoin is the king and founder of all crypto, all of us just got used to it.
To my own opinion about the good and bad of bitcoin is the some thing it really get me frustrated when i see the price of bitcoin compare to last year it very bad, secondly other issue am facing as far as bitcoin is concern is the transaction speed just to slow it make shopping online with bitcoin more complicated to me.
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.
In my opinion to the greatness or goodness of Bitcoin is being able to send Money to various countries in just a few minutes without any bank institutions regulating it. and shipping costs are very cheap. and also bitcoin comes with very good technology called Blockchain. a lot of benefits from this Blockchain.
then in my opinion, the bad of Bitcoin is that it is prone to hacking, and also does not have clear rules about who regulates the use of Bitcoin. so when an investor wants to buy Bitcoin with paper money, it must know the risk that will occur if one day the bitcoin disappears. because no one will replace it.
then in my opinion, the bad of Bitcoin is that it is prone to hacking, and also does not have clear rules about who regulates the use of Bitcoin. so when an investor wants to buy Bitcoin with paper money, it must know the risk that will occur if one day the bitcoin disappears. because no one will replace it.
My issue with bitcoin is the scalability. Some days it takes ages to confirm transaction on bitcoin blockchain which is not too good as at times breeds trouble between two parties who had a delayed confirmation. It is unacceptable that bitcoin blockchain confirms only 7 transactions per sec. The developers
should do something about this issues or bitcoin very soon lose relevance among crypto circle.
should do something about this issues or bitcoin very soon lose relevance among crypto circle.
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??
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