Topic: The truth about bitcoin - page 8. (Read 3989 times)
Bitcoin is a open source project, it is also true that bitcoin worked as a reach money. Bitcoin help us to reach our dreams to become successful in the future..
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.
From your example, I would take bitcoin to the first group-heritage. I didn't find the time when bitcoin was$1 or even lower I found a legacy from descendants.... who developed it...But the fact remains, bitcoin is a risk... 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.
Of course earning with bitcoin is not a freebie. But it's much easier than working in a factory, or even as a school teacher, because all your work is concentrated in a computer.
i agree with you, bitcoin is much more easier than having a job, as far as i know no one became rich working 8-10 hours a day. Bitcoin is giving all of us the opportunity to earn and also have knowledge as well.
Yes, absolutely, there will be no gain without risk. Do not make an investment that will risk your life. If you make an investment that will risk your life, this is not an investment. suicide happens.
If you want to earn money you need to work hard for it or take a risk. In bitcoin, if you want to earn a lot you need to take a risk for investing, yes it may loose your money or not but its all your decision on how you will handle your money. Learn first before you invest, because investing is not a joke .
So many says that bitcoin is a scam because of the easy money but thats not true , yes you may get a free money on bitcoin but it is a small amount if you want to earn a good profit you need to work hard for it.
So many says that bitcoin is a scam because of the easy money but thats not true , yes you may get a free money on bitcoin but it is a small amount if you want to earn a good profit you need to work hard for it.
if we talk about money and investment. there are definitely risks and benefits. both are interrelated and cannot be separated. not only BTC has a high level of risk, but many other things also have risks. just follow the plot.
Of course earning with bitcoin is not a freebie. But it's much easier than working in a factory, or even as a school teacher, because all your work is concentrated in a computer.
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.
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.
I dont think bitcoin promise anything, it just provide a medium to transfer money in a decentralized way,the price is derived on how useful is it, that is all
A limitation with 21M coins is a promise of its scarcity.
A halvening payment for solved blockchain is a promise of payment.
Outsourcing transfer validation, to keep this process 3rd party and non-centralized same time, is a promise.
Truth about bitcoin is it is a marvellous digital currency which has been produced basing on the blockchain technology and it is reliable. But i cannot predict for sure the direction of the value of the bitcoin according to technical analysis because it is always not true. But i know that it has been created with a great concept and no one cannot challenge it.
One that must not be disregarded even in the world of cryptocurrencies. I know that some folks were introduced into the market the very wrong way. They described Bitcoin in the wrong way.You are exploring new ways to benefit from it.
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.
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.
I dont think bitcoin promise anything, it just provide a medium to transfer money in a decentralized way,the price is derived on how useful is it, that is all
There is NO good, easy, risk free money, that is available for everyone.
Bitcoin is a digital assest or currency. It is also true that bitcoin works as a real money and help to man for success. The biggest truth is that bitcoin can make anyone rich and develop country economy. Bitcoin is constantly making progress.
Good opinion and I like your opinion.Yes, that's what you say that Bitcoin is a digital currency that resembles paper money that always helps many people to succeed in providing for their families. So the truth is that bitcoin is the most true, it makes many people rich and able to develop their economies in many countries, even I feel bitcoin continues to progress.
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."
The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros they're produced by computers all around the world, using free software.
The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros they're produced by computers all around the world, using free software.
bitcoin is the same investment as share, the only difference is that this is a new technology and a view into the future and if people panic, they just do not understand what it is, or focus their attention only on the growth and price drop, but we do not speak about today's divots, we are looking to the future.
No, my friend, there is A HUGE fundamental difference. Netflix is a new technology, proven to have working a product behind, having growing user base, understandable potential for growth, understandable income mechanism etc.
BTC is not a new useful technology, it is just CLAIMED to become a new technology after scalability problem is solved. Now, read this very carefully: many IT people think, that this problem CAN NOT be solved in a way, that BTC remains uncentralized and used a reasonable amount of ressources. Therefore there is no viable product behind BTC, just empty promises.
bitcoin is the same investment as share, the only difference is that this is a new technology and a view into the future and if people panic, they just do not understand what it is, or focus their attention only on the growth and price drop, but we do not speak about today's divots, we are looking to the future.
This is simply common sense. People always say something and it totally should be said here. If it sounds too good to be true, it's most definitely not true. And I think this is a basic principle of life. One that must not be disregarded even in the world of cryptocurrencies. I know that some folks were introduced into the market the very wrong way. They described Bitcoin in the wrong way. Whether they said it is a quick way to make money or not, it doesn't matter. You need to face the reality now or else you'll be defrauded.
Every business involve risk even when you are sleeping , it tends to be dead by next minute or hour which is also a risk to involving in any kind of business is risky your money and time put in to it , which might turn out profit or lost but my advice is to do your research on any stuff you are going into and understand the basic things before venturing in to it and mind you knowing the basic things does not give full assurance to have profit but at least will reduce the risk involve, so as Bitcoin nature is volatile which might result in buying high and selling low but if you really understand how it works then you can just hodl and be free .
I also admit that investment in bitcoin is very risky not because you will lose every thing because your money may stuck for several months but it is also a part of business.
The truth is that there is no one truth. You are investing in Bitcoin if you find that profitable. You are exploring new ways to benefit from it. You are joining the progress by using the blockchain technology.
"Profitable" means, You just sell it at higher price to another person. Now, there is HUGE difference, if company (or project) is viable, will grow organically and generate more and more money via services or its an air, where money comes only from finding a Greater Fool.
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