The truth about bitcoin - page 22. | Bitcointalksearch.org

stompix

legendary

Activity: 2912

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Blackjack.fun

Quote from: dohh on June 25, 2018, 06:20:16 AM

Thats not a correct statement. Bitcoin promised, there will be no more than 21 million coins. I suppose You do understand the meaning of this?

They also have made many promises on their product´s characteristics.

Care to link us to the post/article where this Bitcoin guy promised there will be no more than 21 million coins?
Also can you please show us some proofs that there are more than 21 million bitcoins? Grin

What more promises has this Bitcoin made?

New account and you're already in a single day at 17 FUD posts. Nice...NOT!

Quote from: Filthy1 on June 25, 2018, 06:25:48 AM

All investments are risky you can lose all your superannuation you have accumulated from work Bitcoin is no different but you make a choice DO NOT INVEST WHAT YOU CANT AFFORD TOO LOSE take a $1 and build an empire Wink

Quote from: rizki90 on June 25, 2018, 06:28:57 AM

it is true any form of investment has risks. for bitcoin is an investment that has the greatest risk, but it will also be very profitable. behind all existing investments, for digital currency especially bitcoin is a good investment in the future because it is very promising.

How about you stop looking at Bitcoin as an "investment" for a second?

dohh

jr. member

Activity: 332

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Quote from: TheQuin on June 25, 2018, 06:23:33 AM

Quote from: dohh on June 25, 2018, 06:20:16 AM

Thats not a correct statement. Bitcoin promised, there will be no more than 21 million coins. I suppose You do understand the meaning of this?

They also have made many promises on their product´s characteristics.

Who are 'they'? Bitcoin is not a group of people. Bitcoin cannot have made promises. I doubt you understand the meaning of this.

Sorry, can not answer You at the same rate. As a newbie, my post rate is limited.
"They" are those who decided, there can be 21 million coins. have You asked Youself, why so? Whats the logical/mathematical reason behind it?

FlightyPouch

sr. member

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Quote from: sunita01 on June 25, 2018, 06:17:52 AM

Bitcoin is a digital currency. It is also true that bitcoin works as a real money. The biggest truth is that bitcoin can make anyone rich. Bitcoin is constantly making progress.

This is the reasons of these post. Bitcoin cannot ensure it's investors or users that it can give them a good profit, there is no easy ways nor risk free money as the OP says and Bitcoin is not an exception. Bitcoin is a volatile digital currency so the price is unpredictable and that is a feature of Bitcoin, it's risk is a give away even before you invest on it.

dohh

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Activity: 332

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Quote from: Pixyoxx on June 25, 2018, 06:19:18 AM

All the propositions relating to salary, enterpreneurship etc didnt really go well with me, but the the fact tha btc aswell isnt in any terms easy, good and readily available is a well thought point.
Earning btc is a hastle, buying it is another big deal. And the stability and trustablity of bitcoins are quite shaky at any point of time. While people have turned millionaires with it, some also brough lots of misfortune when ut went down or rather crashed. So btc is not something that can be termed easy and good money. Its very very risky.

There is a huge difference, if people get rich by investing into new concept, that becomes enonourmosly successful (goole etc) or they just get rich because, they joined into fraudulent concept in early phase (most monetary schemes). If You talk about risk in that context, then yes, I agree... its very hard to guess, when You can "invest" if You want to make money out of scheme.

Virtual miner

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Quote from: dohh on June 25, 2018, 05:53:26 AM

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.

Yes that is a great thought. Money is not easily minted. It takes a lot of hard work to earn money and to keep it invested in lucrative options. And bitcoin is a risky investment but it fetches us lucrative returns. It has let many a people to lead an extravagant life. Also there are so many people on this forum who are routinely employed elsewhere and also doing bounties on this forum. They put a lot of hard work along with smart work and ultimately are able to get themselves a good standard of living. The market is risky because of its volatility, that shakes the confidence of so many people in the market. But they need to realise that this is the harsh reality of life in the end!

P.S.: A ship is always safe at shore but that is not what it's built for! Wink

rizki90

newbie

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it is true any form of investment has risks. for bitcoin is an investment that has the greatest risk, but it will also be very profitable. behind all existing investments, for digital currency especially bitcoin is a good investment in the future because it is very promising.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: brickafterbrickwalldpt on June 25, 2018, 06:09:02 AM

It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.

While I agree very much, that those rules apply on many assets, people have right to panic, if they have paid real money for nothing. Once again: technology may even be right (Im not saying it is, but leaving possibility open), but it still may be unreasonable use of it. As I wrote in last post: calculate what is the real cost of producing one coin? Multiply electricity and hardware costs of all miners (those who succeed and those who not) and divide it with actual number of coins released... You understand pretty well, its so ridiculous price for blockchain, that it just CAN NOT work in context of currency.

Filthy1

newbie

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All investments are risky you can lose all your superannuation you have accumulated from work Bitcoin is no different but you make a choice DO NOT INVEST WHAT YOU CANT AFFORD TOO LOSE take a $1 and build an empire Wink

TheQuin

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Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: dohh on June 25, 2018, 06:20:16 AM

Thats not a correct statement. Bitcoin promised, there will be no more than 21 million coins. I suppose You do understand the meaning of this?

They also have made many promises on their product´s characteristics.

Who are 'they'? Bitcoin is not a group of people. Bitcoin cannot have made promises. I doubt you understand the meaning of this.

fargoway

newbie

Activity: 164

Merit: 0

Quote from: dohh on June 25, 2018, 05:53:26 AM

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.

If the money good, easy, risk free that available for everyone - it doesn't have any value at all.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: TheQuin on June 25, 2018, 06:15:43 AM

Quote from: dohh on June 25, 2018, 05:53:26 AM

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam.
~
Bitcoin is not what promised and that fact is being disguised now.

Bitcoin never promised anything. What is the source of this false assertion?

Thats not a correct statement. Bitcoin promised, there will be no more than 21 million coins. I suppose You do understand the meaning of this?

They also have made many promises on their product´s characteristics.

Pixyoxx

full member

Activity: 291

Merit: 119

Quote from: dohh on June 25, 2018, 05:53:26 AM

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.

All the propositions relating to salary, enterpreneurship etc didnt really go well with me, but the the fact tha btc aswell isnt in any terms easy, good and readily available is a well thought point.
Earning btc is a hastle, buying it is another big deal. And the stability and trustablity of bitcoins are quite shaky at any point of time. While people have turned millionaires with it, some also brough lots of misfortune when ut went down or rather crashed. So btc is not something that can be termed easy and good money. Its very very risky.

sunita01

member

Activity: 364

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Bitcoin is a digital currency. It is also true that bitcoin works as a real money. The biggest truth is that bitcoin can make anyone rich. Bitcoin is constantly making progress.

TheQuin

hero member

Activity: 2576

Merit: 883

Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: dohh on June 25, 2018, 05:53:26 AM

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam.
~
Bitcoin is not what promised and that fact is being disguised now.

Bitcoin never promised anything. What is the source of this false assertion? You seem to have made a straw man to attack.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: Beroximos on June 25, 2018, 06:01:40 AM

I agree. It no free, not easy.
Invest in BTC is very risky, and everyone should know all risks wich BTC is connected with.
Everyone assumes his responsibility for a similar investment.
But I hope people are not so stupid that donť know about it.

Im happy You agree. And especially I like Your idea, that everyone should be aware of all risks.

This is one risk, that enthusiasts dont like to discuss a lot: Bitcoin with decept propability, can be a monetary scheme, because service, that it is claimed to carry, may be worthless or very unreasonably priced. If this risk comes to reality, everybody, who actually paid real money for it, will lose everything.

Why I say so? because it requires only a mediocre sense of maths, one to understand, that mining of one coin is ridiculously expensive. Doesnt matter, that this money is scammed on the bill of electricity and not in dollars. Its still the same - there is no point to mine bitcoins. And if there is no point of doing so, it means product is empty... it only baseson (false) hopes and promises.

brickafterbrickwalldpt

full member

Activity: 294

Merit: 107

It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.

Beroximos

newbie

Activity: 96

Merit: 0

I agree. It no free, not easy.
Invest in BTC is very risky, and everyone should know all risks wich BTC is connected with.
Everyone assumes his responsibility for a similar investment.
But I hope people are not so stupid that donť know about it.

dohh

jr. member

Activity: 332

Merit: 1

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.

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