Topic: The reason why I hate BITCOIN - page 13. (Read 4710 times)

yes i am with you in this idea that Bitcoin can't give you 1000-5000% ROI in 2-3years time anymore but with altcoin that is possible .
i like bitcoin and other altcoins in the same time

That's a stupid reason to hate bitcoin. And I don't think there are any alt coins that will be giving you around 1000-5000% ROI in 2-3 years. You need to be extremely lucky to find one. Like you might get lucky with a shitty pump/dumb scam coin. But you will have to bear your own risk. Investing in bitcoin is less riskier than investing on those shit coins though.

More profits come with more risk. Only a few ICO can perform and rest it all get vanish with time. Altcoin definitely can give you far better returns as compared to BTC but it has %v chance of being fraud. On the other hand, BTC growth chart follows the rule of 'slow and steady' growth with far lesser risk.

I hate Bitcoin as well. I hate it for going up so fast in price before I had a chance to buy more.

Yes me too I can’t hate from bitcoin and I think no user of bitcoin can hate bitcoin because bitcoin is one the good and helpful currency around the world it’s going to help humanity so what can be the reason that some can hate bitcoin it change a life of thousands of people around the world and still it’s going to provide good services for is users.

The main reason I hate bitcoin because bitcoin drop prices and make me lose, but the fact that this is difficult to happen so that I can not hate bitcoin, I'm really happy with bitcoin.

The reason you have told is not worth  to  hate bitcoin,yes i agree that bitcoin can't give 1000-5000% ROI in 2-3 years or altcoin has more to offer ,but bitcoin is more stable currency ,its been there for a long time and have gain trust but if altcoin can give you that much profit ,it can give you that much lose too.
And why i like bitcoin there are many reason but in refer to your remarks it helps to earn well which can run for long term and is being stable and very trust worthy

It's not hate man. Its being smart. There is no reason to hate bitcoin at all, Because as you said it is a passive income. It is good to help others in a way that you know that it is because of you that helped them to be rich. Don't be selfish dude.

you cannot hate bitcoins just because of that lame excuses, you should hate yourself instead. altcoins may offers you big profits but how sure you are that it will last for a long period of time? and bitcoins is the mother of all coins so the stability is there already not like altcoins and other coins.

Some of the reason why I hate BITCOIN

Degree of acceptance
Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects.

Volatility
Bitcoin prices are very volatile and increases/decreases at a very high pace. Speculators wish to take advantage of it but genuine investors thinks of it as too risky and therefore all the investors does not invest in Bitcoins.

Ongoing development
Bitcoin software is still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance.

Possible Government Interference
Well the government may not take your Bitcoins away but can ban it in the country, which forces bitcoin wallets and companies to shut down. The bitcoins in these wallets are freezed and access to them becomes difficult.

Deflationary
We discussed that how Bitcoin being on-inflationary can be an advantage to the economy. But one possible negative factor attached to Bitcoin because of being deflationary is that if it gets in the hands of speculator a huge recession will come in Bitcoins.

Bitcoins are limited in number and if the major chunk is held by speculators and investors, they will hold it for a longer period of time and won’t release it in the market. When the supply of bitcoin will be short and demand continues to increase, it will increase the price of Bitcoins and then the investors can get benefit.

Lack of recourse
If you lose the wallet which had bitcoins stored in it, you have lost all of your bitcoins in that wallet. You cannot regain it and they are simply lost forever.

In case credit card/debit card stolen, we can call the merchant to cancel the card and request for a new one but in case of Bitcoins, as it is decentralized and no one has control over it , we don’t have any person to call.

Money Laundering/Black Market
Initially bitcoins were used for money laundering and people operating in black markets, which did not wanted to reveal their personal information and get payment secured. In money laundering middleman/intermediaries would collect money from one source and transfer it to another source through Bitcoins.

Overall Bitcoins may have many advantages and disadvantages but it is up to the people and society in what way does ot want to use it. Initally Bitcoin was hated by every country but now is started to being recognized in many countries.

Where there is risk there is profit I mean more risk more profit, no risk no profit. There is no reason for which bit coin may be hated. Bit coin is a unique entity which may be called as king of crypto currency and which is surely called on the basis of its high profitability and world wide popularity among the successful investors and other people.

to be honest, I like Altcoins more, if only because they can for a very short period of growth in their price in 3-5 times or more, and bitcoin is so unlikely to do so. But on the other hand bitcoin is more reliable and has a large scope of application

face the reality why you hate bitcoin hoping altcoins gives to you a ROI  2 to 3 years so don't offend what if you have a lot of altcoins but you can't convert it into bitcoin as currency do you think your altcoins have value, you're nothing without bitcoin because bitcoin are the main source of all coin to become valualable.

This is true. "Hate" is such a big word so may e the OP is trying to imply about potential. If he really do "hate" and prefers altcoins then he is stupid. A wise and smart person would not state that. I like to emphasize about "reliability" since as we know that Bitcoin has a very strong market support unlike altcoins which in a blink of an eye from 1k sats would go down to 1 sats (I'm not exaggerating but it's the truth).

I believe you just dont prefer bitcoins between the other altcoin because if you hate bitcoin you should no longer be promoting other cryptos since other crypter still depends on btc as main crypto currency.

I think there's no reason for us to hate bitcoin since it's been helping a lot of people earn. It plays a bit role in our lives these days. It's a good source of income for most of us. We value it and we give importance to it.

You are absolutely correct. Bitcoin is great but for late comers to the game alts are even greater. I was looking at my portfolio during the latest bitcoin price run. It hardly moved because I don't have a lot of Bitcoins relative to alts. If you look at the %gained, alts are the winner.

I agree with you there will no one who will hate from bitcoin because bitcoin is going to help humanity and its going to play a big role in economy of any country people are going to support bitcoin and they really love bitcoin because bitcoin provided different ways for source of income and I think Its one of the cryptocurrency which is with high price.

I don't hate bitcoin but instead i hate myself for doing some mistakes in trading. Too much lost in trading is not an easy thing and it is very hard to accept or overcome but i just take it as a challenge that someday i will become more professional in trading.

There are only two reasons why I hate (not so much, but sometimes I feel hate towards it) bitcoin, the one reason is actually I love and hate at the same time. The first thing that I hate about bitcoin is its high value today. Why? As an investor, it is not a good choice to buy expensive cryptocurrencies/coins, one of which is bitcoin. With its high value and fast growth, a lot of investors will surely love to invest on it, but the value will be a problem if you are investing a small amount.

Second thing that I hate (and love) about bitcoin is its volatility. I love bitcoin's volatility because it entices people to invest on it. On the other hand, high volatility of bitcoin usually gives problem to investors especially when forking happens. Most of the time, when the value of bitcoin pump up too high, the next possible scenario is that it will also drop down immediately without even noticing it, which gives trouble to investors, especially when not watchful.