Topic: The truth about bitcoin - page 6. (Read 3989 times)

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nobody give you anything for free. so be careful if someone give you a good offer like double your money,...

The truth behind bitcoin is that it is a digital currency that Satoshi Nakomoto created and was introduced to the world market wayback 2009.If you are creative enough and willing to learn about it, it can be your source of income and it can make you wealthy.

I wonder what would happen to a nation if they were well-educated about the matter instead. If everyone knew about the Nixon Shock, would we be treating fiat money the same? Fiat money is nothing but paper. The only "work" that was done to make such is just the printing itself which is, obviously, quite easy that others managed to print fake paper money themselves.

Would people be storing their wealth in the form of money? Or would it be in other (and better) form such as gold, or bitcoin? With the current situation with the inflation these days, it's even better to take a chance and risk your fiat in investing in something as volatile as bitcoin.

The feedback that they have received are from the people who are in this market before the pump. That means those are the people that were able to ride that massive pump and made some fortune from it. Apparently, others thought that they are going to be experiencing the same thing when in reality, it only happens once in a while. Now that we're down from the peak, the newcomers are panicking as this is not what they thought things would turn out. They are all thinking that the person introduced bitcoin to them is making money while they aren't. We'd be lucky to experience another massive pump soon although there's no sign of that happening at all especially now that crypto's image (in general) is going down because of the surge in scam ICOs.

Bitcoin can greatly increase your income and thus significantly change your life. But for this you need to work hard, study a lot of information and constantly you are aware of the news. Then you will be able to secure a permanent income with the help of bitcoin.

To be successful in investing in cryptocurrency, you need to study a lot of information, spend a lot of time on forums, communicate with different investors. In other words, constantly improve your knowledge about bitcoin. Therefore, this activity can not be called easy money.

I have never considered bitcoin an easy income. This can be considered only by those who have not yet personally faced with making a profit with the help of bitcoin. If you want to be successful, you need to work hard, even if it is earnings on the Internet.

I think to investing in bitcoin is a very risky idea. So i think this is difficult money

I think for all the time of ups and downs, you could have recognized bitcoin closer. This coin is certainly a leader, but for its further development it is necessary to fulfill certain conditions. We need to legalize in many countries, invite institutional investments and make more purchases and sales through this coin.

Exactly, many people who come around only heard the benefits but not the risk, they think that its an easy way to earned and a stairways to richness,
without proper understanding they've been trick by their imaginations, this market is not easy as there's a lots of things that needed to be understood
without patience and proper attitude towards this venture it will just burned your investment.

I bought my first bitcoin when it was 2.5k, I took a loan, bought it and did not regret it, and sold it to him when he reached the mark 15k, after that I bought it when he was 8k. Now I'm waiting 4k. I was not persuaded by anyone to buy bitcoin, I took my decisions myself. I put all my responsibility on my shoulders. And then I continue to buy bitcoin and other tokens.

Well, oddly enough, Bitcoin is hard to explain to someone who is brainwashed to think that only fiat currencies, national currencies like USD can be used for payment, trading and storing values.

Before there was a fiat, people used the commodity-based money, so everyone knew what gave it value, which is the work invested to extract this commodity. For example, gold represents the work invested to mine it.

So, that way, Bitcoin has value because it represents the work invested to make it. In particular, in the case of bitcoin, it is an effort invested in securing bitcoin transactions. Yes. Bitcoin transactions are valuable and people work to make more of them.

There is no question why money has value or not !? Why do people believe it's a good idea !?

Fiat currency = credit, promise to work or force others to work in the future. Fiat's currency is inherently unstable because only having value during the promotion of the issuing entity is still considered credible. If there is a doubt that certain countries will not be able to effectively force people to work to get currencies to pay taxes, the currency will collapse.

Boom of 2017 brought in cryptos many people, who did not understand what they were dealing with. They did not understand, how risky and volatile Btc is. The truth is, that if you don't have good nerves and long time to wait, then you should stay away from cryptos.

Bitcoin is a popular virtual
currency and part of a trend
toward currency
digitalization and
decentralization. price volatility
signals that bitcoin is not a
stable currency which
makes it a risky investment. But always be positive while taking a decision

The truth about bitcoin is a digital money that help many people to have batter future of there life.help many student to pay there financial problem to there school,and also help those who have no work to have income.

Just being able to see that bitcoin prices are going up and down is not enough to force yourself to invest to bitcoin. A lot of factors are involved, and most factors are resolved by people through their experiences in the market. A layman should not force himself to join the investing of bitcoin just because he heard it was profitable and an easy way to make money. Understanding the market is a lot more complicated than it looks.

The bitcoin is the best for our life. So bitcoin price is to much low so you can buy some bitcoin for next few month hold i get more income from it. Crypto market will be down and we have to get more profitable and get income. We are participent in crypto market so we gave to work on market. Market will be down and market will be ups and down so we can properly to do this work. I trust bitcoin because few month ago the price is too much high  now price is low. So i belief bitcoin market.

Maybe many have heard about the number of people who are successful by investing in bitcoin. But actually the success of investing in bitcoin starts with ourselves, we have to know and learn how to invest bitcoin properly and correctly because in investing we are faced with a high risk, so we should not just invest without knowing how to invest the right bitcoin.

I agree that doing anything is risky.
Bitcoin can also help you make a lot of money but it can also hurt you lose the money you have invested.
So, when doing any work that needs to consider and learn before doing.

I'd say, Bitcoin isn't a scam exactly because it corresponds with this rule.