The truth about bitcoin - page 9. | Bitcointalksearch.org

dohh

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Quote from: kendra1107 on August 30, 2018, 06:34:37 AM

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

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.

There was no promise to begin with. Bitcoin was not created as an asset or a commodity to invest in. It was created to become an alternative mode or means of payment. A monetary innovation wherein governments and banks have no control over it. Digital currencies were created with a fixed quantity. Hence, $21M is Bitcoin's number. No one promised that no more BTC will be created. It was created that way.

Doesnt matter how You name it. The knowledge, that there will be no more than 21m BTC does have You (corrupted) trust of its scarcity.

dohh

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Activity: 332

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Quote from: bitcoindusts on August 30, 2018, 06:37:54 AM

I don't think that the truth about bitcoin is being concealed actually. In fact, a lot has expressed warnings on bitcoin as an investment as much as many convinces people that it is a trustworthy and reliable system of payment.

Bitcoin did not try to hide anything actually, it is the people around who wanted to attract investors in their quick scam schemes that made it sound really bad. That is why it is good to remember things you have mentioned and yes, it is good to steer clear of greed. It is being blinded by quick big cash invest returns that traps many and results into bad investment results.

BTC doesnt need specifically "hide" anything. The concept is complicated enough, that 95% of people dont understand it to the core. Just one what if question: what if the truth is, that BTC CAN NOT be scaled to amount, that is needed to perform as vital currency? That would mean, You have no product which also would meant, that we are dealing with scheme.

bitcoindusts

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I don't think that the truth about bitcoin is being concealed actually. In fact, a lot has expressed warnings on bitcoin as an investment as much as many convinces people that it is a trustworthy and reliable system of payment.

Bitcoin did not try to hide anything actually, it is the people around who wanted to attract investors in their quick scam schemes that made it sound really bad. That is why it is good to remember things you have mentioned and yes, it is good to steer clear of greed. It is being blinded by quick big cash invest returns that traps many and results into bad investment results.

kendra1107

full member

Activity: 476

Merit: 100

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

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.

There was no promise to begin with. Bitcoin was not created as an asset or a commodity to invest in. It was created to become an alternative mode or means of payment. A monetary innovation wherein governments and banks have no control over it. Digital currencies were created with a fixed quantity. Hence, $21M is Bitcoin's number. No one promised that no more BTC will be created. It was created that way.

Goodwin54

newbie

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You are right and I totally agree with you, there is no investment is risk free, In order to earn money we always need to take risk and do hard work and same condition is applicable for bitcoin too.

Zalaster

member

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Merit: 13

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

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

Any investment is a risk, which also applies to bitcoin. There is no easy money, but most people think otherwise. They want to get rich quickly, without risking anything at all. The responsibility for failure lies solely with the investors themselves.

moschinot

jr. member

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I do not think that bitcoin is fraud and it seems to me that behind it is worth the technology and the future behind it

recklessMe

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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.

dohh

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Activity: 332

Merit: 1

Quote from: BitcoinPanther on August 14, 2018, 05:52:03 AM

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.

I like what you have written here dohh. And to sum it up, it's all about risk and scam.

As the old adage goes, any investment is not for the faint hearted, it requires bravery and a lot of risking so to say.

Unfortunately, even the most risky person you get to know may not have enough asset to make an investment (a supplementary truth to your universal money rule). Thus, boiling it down to the truth that investment is not for everyone, it is for the wealthy and the risky, combined.

You will see a lot of genuinely concerned people fend off investment goals of those who does not have enough, have only enough and have more than enough but no knowledgeable on the economics of crypto. They are the best people to consult with. And as you tipped the iceberg of scam, the shinier the promises of return on investment with bitcoin, the bigger the problem that could be lying down beneath such promise which usually causes a damaging collision.

Thanks for you thoughts by the way.

Very good. I like smart people, doesnt matter if they agree with me completely, partly or not at all. What You say about promises for returns goes of course for every investment and this rule is broken in this forum too almost in every discussion. People speak with confidence, how one should buy BTC just because its low now and will rise again. Doesnt matter if BTC turns out to be scam, as I think, or a miracle technology comes out and proves Im wrong, this is a poor advice anyway.

BitcoinPanther

hero member

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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.

I like what you have written here dohh. And to sum it up, it's all about risk and scam.

As the old adage goes, any investment is not for the faint hearted, it requires bravery and a lot of risking so to say.

Unfortunately, even the most risky person you get to know may not have enough asset to make an investment (a supplementary truth to your universal money rule). Thus, boiling it down to the truth that investment is not for everyone, it is for the wealthy and the risky, combined.

You will see a lot of genuinely concerned people fend off investment goals of those who does not have enough, have only enough and have more than enough but no knowledgeable on the economics of crypto. They are the best people to consult with. And as you tipped the iceberg of scam, the shinier the promises of return on investment with bitcoin, the bigger the problem that could be lying down beneath such promise which usually causes a damaging collision.

Thanks for you thoughts by the way.

ZwodderLucas

newbie

Activity: 27

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I think it's better to own a bitcoin then not own any bitcoin in the crazy shit world we live in.

Look at Turkey, Iran and Venezuela.

You will never know, in what situation you will end up in or what price will bitcoin climb to.

In that sense it's worth to invest a bit in it and then just forget about it.

colvis

full member

Activity: 378

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You are absolutely right, there is no easy way to make money in every part of the world neither is there tree that bear money in any where... Before you make money you have to take risk and make a move before that can be achieved.. Bitcoin is worth investing on and it give money and interest easier when you know how it only take your time and risk.

johny1512

newbie

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Yes you are absolutely right there is no risk free money anywhere if someone want money he she cannot get it without taking risk .. higher the risk higher will be the return but in my case i took higher risk and got higher return but that was higher loss and loose $4000. My biggest mistake in life which i can not undo

dohh

jr. member

Activity: 332

Merit: 1

Quote from: poldanmig on August 14, 2018, 04:23:17 AM

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.

money with all the risks for sure that will emerge good results and ways of investment it depends on the intention and purpose of the investor itself cryptocurrency is hard to counterfeit if the fiat currency has a lot of news about the currency counterfeiting

You are building right conclusions or wrong assumptions. You start from cryptos being viable alternatives, which with very high propability is not the case. If BTC is a scheme, You are not investing, but just taking part of scam.

poldanmig

sr. member

Activity: 1372

Merit: 275

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.

money with all the risks for sure that will emerge good results and ways of investment it depends on the intention and purpose of the investor itself cryptocurrency is hard to counterfeit if the fiat currency has a lot of news about the currency counterfeiting

dohh

jr. member

Activity: 332

Merit: 1

Quote from: JessicaMcDonnell on August 14, 2018, 04:11:00 AM

The Bitcoin market generally has many similarities with the stock, Bitcoin price fluctuates regularly, but up and down often, but Bitcoin prices, in the long run, is still up. Many investors have poured The capital of Bitcoin is very early and so far they have had a tremendous amount of assets. I myself have been an investor and investor of Bitcoin since the year 2016 so I understand Bitcoin is a very potential market. However, the electronic money market in general and Bitcoin, in particular, is a new investment trend and of course, if you pick up the trend then the opportunity to make money is always wider when it is saturated as evidence. There is a huge potential risk, of course, of any market so high profits are always accompanied by high risk, you should determine this from the beginning.

No, You are wrong. There is no healthy reason to believe, BTC stock price will go up. Its fully irrational. If BTC doesnt solve scalability/efficiency issues, it will not even become a product and there is absolutely no reason to believe, its value will grow.

In my own opinion: those issues are unsolvable and creators of BTC know it. That would make BTC the biggest SCAM and monetary scheme in human history.

JessicaMcDonnell

newbie

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The Bitcoin market generally has many similarities with the stock, Bitcoin price fluctuates regularly, but up and down often, but Bitcoin prices, in the long run, is still up. Many investors have poured The capital of Bitcoin is very early and so far they have had a tremendous amount of assets. I myself have been an investor and investor of Bitcoin since the year 2016 so I understand Bitcoin is a very potential market. However, the electronic money market in general and Bitcoin, in particular, is a new investment trend and of course, if you pick up the trend then the opportunity to make money is always wider when it is saturated as evidence. There is a huge potential risk, of course, of any market so high profits are always accompanied by high risk, you should determine this from the beginning.

chacha4twenty

newbie

Activity: 232

Merit: 0

everybody knows the truth about bitcoin and but banks don't want to accept as currency and if we use bitcoin as payment never use bank so bank will mind so thats why bitcoin getting dumb and still trying to dumb btc...btc etf is delayed and im sure sec will approve the btc etf in September..
huge investors trying to dumb btc and ethereum for they can buy at cheap price... thats all... Shocked

GraceEmily

newbie

Activity: 36

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Many people talk about the nature of Bitcoin rather than the truth. They consider more about value than the increase or decrease. The risk that Bitcoin brings as soap bubbles, investors always look at the value and profit of Bitcoin.

patrickj

sr. member

Activity: 490

Merit: 251

All things considered, regardless of what your comprehension about bitcoin, as long as the bitcoin has a major help for the individuals who gain and contribute on it we can state this is exceptionally intriguing and worth to help in light of the fact that not all digital money resembles bitcoin and furthermore not all speculation is you can acquire like what you procure from it.

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