Topic: The reason why I hate BITCOIN - page 16. (Read 4710 times)

Hating bitcoin will not have good things to come into, maybe embrace bitcoin and you'll find how good bitcoin was. Well, I can't disagree with what you are believed in because I know we have different perspective about bitcoin and altcoins too. I have no doubts also in altcoins since some of them are really have good potential to be a good cryptocurrency too.

But this opinion you said about promoting Bitcoin to early investors is really a pure greediness and selfishness to yourself and not giving other chance to have what you have. Hope that you'll realized that it is good if you help others rather than complaining, remember we didn't hear anything negative about the creator of bitcoin even if he/she helps many people in this kind of digital money.

That doesn't look to be a fair thinking from the Op. All that's happening with bitcoin is promised growth, whereas with altcoins you need to be lucky enough to get such an increased profiting or growth in large multiples, because every altcoin is not pumping regularly or growing higher.

yes i can understand why you hate bitcoin, like when bitcoin price rise more than 6100$ but altcoins also dropped dramatically, that very disappointing because most of my payments is form altcoins, I hope Altcoins can rise again dispite bitcoin rising.

All people like money sure.

But the main reason that I like Bitcoin it is to have a fair money system which finishes with inflation. If we have a faire money system all people will profit from this in our daily life, is not that good enough?

You can just get out and go to an altcoin forum like /biz/. Buy altcoins is like gambling, Bitcoin will fix the monetary system

I don't hate bitcoin because of the low return in just a few years because if you are an early adopter of bitcoin then you could possibly reach that percentage of gain but if you are not an early adopter then you will not reach that. Bitcoin is like altcoins in its starting age that the return is big but you need to realize that the rate of returns in bitcoin is getting lower because it is getting more matured than before.

This is a bitter hatchet but is based on excitement as the value of bitcoin gets higher and can make a lot of people feel happy knowing the bitcoin digital currency to be a promising investment asset of the future. so did the same thing that I experienced bitcoin able to change my economic system to be better than ever.

Bitcoin has many ways to offer a person can earn income. There are many ways each of us to gain money from bitcoin by investing that is buy and selling bitcoin. Even the price has its pump and dump, I don't see any other reasons to hate bitcoin because even me I'm getting a lot of opportunity from bitcoin.

ike any currency, there are disadvantages associated with using Bitcoin:

Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

Wallets Can Be Lost
If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned.

Bitcoin Valuation Fluctuates
The value of Bitcoins is constantly fluctuating according to demand. As of June 2nd 2011, one Bitcoins was valued at $9.9 on a popular bitcoin exchange site. It was valued to be less than $1 just 6 months ago. This constant fluctuation will cause Bitcoin accepting sites to continually change prices. It will also cause a lot of confusion if a refund for a product is being made. For example, if a t shirt was initially bought for 1.5 BTC, and returned a week later, should 1.5 BTC be returned, even though the valuation has gone up, or should the new amount (calculated according to current valuation) be sent? Which currency should BTC tied to when comparing valuation? These are still important questions that the Bitcoin community still has no consensus over.

No Buyer Protection
When goods are bought using Bitcoins, and the seller doesn’t send the promised goods, nothing can be done to reverse the transaction. This problem can be solved using a third party escrow service like ClearCoin, but then, escrow services would assume the role of banks, which would cause Bitcoins to be similar to a more traditional currency.

Risk of Unknown Technical Flaws
The Bitcoin system could contain unexploited flaws. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.

Built in Deflation
Since the total number of bitcoins is capped at 21 million, it will cause deflation. Each bitcoin will be worth more and more as the total number of Bitcoins maxes out. This system is designed to reward early adopters. Since each bitcoin will be valued higher with each passing day, the question of when to spend becomes important. This might cause spending surges which will cause the Bitcoin economy to fluctuate very rapidly, and unpredictably.

No Physical Form
Since Bitcoins do not have a physical form, it cannot be used in physical stores. It would always have to be converted to other currencies. Cards with Bitcoin wallet information stored in them have been proposed, but there is no consensus on a particular system. Since there would be multiple competing systems, merchants would find it unfeasible to support all Bitcoin cards, and therefore users would be forced to convert Bitcoins anyway, unless a universal system is proposed and implemented.

No Valuation Guarantee
Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the system, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.

I can't find any reasons to hate Bitcoin.  Day by day it giving us high profit. So why I have to hate? Yes there is many Alt coin in market also they can give you profit. It does not mean I have to hate Bitcoin.  It's totally my personal opinion. If you have any reasons then you can explain us.

i must admit that if BTC wasn't so difficult to get into for newbies it'd be alot more popular.

that being said, its getting easier

 

If it wasn't for youtube im not sure i'd be into crypto.

I’m pretty sure while you were typing this line your brain was somewhere else. Do you think that investment is kind of joke or do you think that it runs on business of getting profits only. I don’t think so I mean there is thing called as security of your funds or investment which you put into assets. Have you really typed correctly while you were saying 1K to 5K% of profits. Lols. Not possible for sure no matter what crypto community says.

I think why I hate about bitcoin is its volitility in price. I love to use bitcoin as a way of payment for my business but how can I accept it if its price is not stable enough. I do delieve that time will come that bitcoin will get its stable range but as for now I will settle for fiat as my way payment. And with regards to users, many are still not aware about bitcoin and what is its use  but I think we still have a long way to tackle but eventually we will get there.

To be honest, bitcoin matters a lot for me. I am an an earlier adopter of this lucrative currency and it really changed perspectives of my life.
People like you feel ablazed why they didn't get involved into cryptocurrency market at the particular time.
Infact, there is no reason for me to hate bitcoin. I love bitcoin

The Reason you are saying that Bitcoin doesn't gives you 1000% returns or more for you to dislike the bitcoin is not the right attitude. Actually you have missed the entry or opportunity for being a early adopters of bitcoin and that's why you are not able to understand the power of bitcoin. And even now it is capable of giving a good stable returns if you hold for long term. If there is any crash, then it will be the bitcoin who will stand with you and not the altcoins. And note that not all the altcoins are good to trade, here you have more than 500 altcoins and selecting the best among them and then hold it for some period till it gives you the 1000% returns is not a easy job.

You hate bitcoin just because you weren't fortunate enough to buy bitcoin when it started from scratch. And are you fucking kidding me, look at bitcoins price at the moment, and not to mention the fact that altcoins would have never existed if it weren't for bitcoin. I agree that altcoins can give a good profit but then not every time. And FYI, altcoins won't be worth anything if bitcoin crashes God forbid, but such a event is so very likely to happen.

Even though for example bitcoin can't give us 1000-5000% ROI anymore doesn't mean we have to hate it. There are still plenty of ways to grow our bitcoin. Trading is one of the most common way to grow our bitcoin and it's so excited recently.

the reason is because i really hate to see bitcoin increase its price so fast it cause my heart to beat fast i might die from excitement
i really hate bitcoin because its the next generation of keeping your money that made banks useless and this bitcoin craze might kill them

i really hate bitcoin because my friends started asking me why are you earning this big that i should've believed in you way back when you are starting
i really admit that i hate my self because bitcoin is changing my life..

I could not hate bitcoin ever, on the contrary it is one of the things that fills me with joy and gives me the lifestyle I lead now, the altcoins are good to invest but in projects that have a future.

Just like you, but with some difference I have a love / hate to Btc in spite of being the most profitable cryptocurrency, its constant fluctuations drive me crazy since in a day its price can vary up to 5 times, Also due to its high price having a btc now is more difficult, especially if it is your first btc.