Topic: There are many negative issues about bitcoin, what's the matter? - page 4. (Read 638 times)
I agree with you that Bitcoin has many shortcomings because it's in its infancy stage and problems are unavoidable. But I don't think problems you mentioned are key reasons for Bitcoin high volatility since those problems also happen to fiat and other assets, not Bitcoin. Take scammers as an example. Didn't scammers happen until Bitcoin was created and traded? No. Scammers had happened even when Bitcoin wasn't created.
I think your statement needs some correction. Bitcoin is not the root of scams. On the contrary, Bitcoin is a tool misused by a group of evils. Bitcoin was famous among investors and its price had gone up like a mad. Taking advantage of these, that group of evil used Bitcoin's reputation to hoodwink gullible investors into their scheme to scam money. You see, not Bitcoin but human is who to be blamed.
I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
I will address the statement that I put in bold now, because I think that is total BS.
Satoshi Nakamoto implemented decentralization of the technology to protect Bitcoin from centralized control. He did not want corrupt governments to stop Bitcoin, so he developed a global decentralized network that would be near impossible to stop.
It also strengthens the security and also makes it impossible for people to tamper with the data that are stored in the Blockchain.
It was not developed for scammers and black hat hacker to hide their activities, but unfortunately they use any technology where money can be extorted or stolen from innocent victims.
This also has NOTHING to do with the volatility.
People overemphasize the criminal elements associated with bitcoin as if fiat currencies don't have their own issues. Money laundering is done primarily with fiat currency, and most drug dealers use cash. People also hack bank accounts and steal digital identities to gain control over fiat money. Bitcoin is simply a new use case for criminals who have used fiat currencies historically.
which is why bitcoin is not currently suitable for digital currencies used throughout the country, maybe after bitcoin has legal entities and bitcoin prices are more stable, new bitcoin can be used as digital currency as a medium of exchange, but if so bitcoin will not be special anymore and its artistic value will decrease.
Talks of Bitcoin a revolution in digital currency and peer to peer payments but Bitcoin anonymity is for users and also for hackers and online frauds and scams.
Paypal has partnered with "bitpay" Bitcoin to paypal converting is common. Majority of Online stores/shops have paypal.
To survive in world economy bitcoin needs large volume of transactions as said by Satoshi Nakamoto or 700 million users worldwide
you didn't mentioned the government who's interfering the growth of the population with them banning bitcoin this makes the community tightened their belt as we all needed are adaption from all over the world .Paypal has partnered with "bitpay" Bitcoin to paypal converting is common. Majority of Online stores/shops have paypal.
To survive in world economy bitcoin needs large volume of transactions as said by Satoshi Nakamoto or 700 million users worldwide
But all you have mentioned are indeed paypal thats very dominant in past are now binding with blockchain and sooner the world will accept cryptocurrency are beneficial not a threat
Talks of Bitcoin a revolution in digital currency and peer to peer payments but Bitcoin anonymity is for users and also for hackers and online frauds and scams.
Paypal has partnered with "bitpay" Bitcoin to paypal converting is common. Majority of Online stores/shops have paypal.
To survive in world economy bitcoin needs large volume of transactions as said by Satoshi Nakamoto or 700 million users worldwide
Paypal has partnered with "bitpay" Bitcoin to paypal converting is common. Majority of Online stores/shops have paypal.
To survive in world economy bitcoin needs large volume of transactions as said by Satoshi Nakamoto or 700 million users worldwide
Of course, it is inevitable that even large firms will be downplayed with negative issues with bitcoin because some investors in bitcoin have scum when hackers are in trouble so maybe they do not want bitcoin they do not know how to safeguard their account.
I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
Bitcoin is still young and like a diamond it needs to be corrected and polished, 2 years ago nobody thought about that we will be having Bitcoin so deeply integrated in our life, and it would be only increasing day to day. The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
Lot of negative issues about bitcoin but still its price is keep on decreasing and increasing. This is the nature of bitcoin and for me this wont really affect the price of bitcoin in the market.
Negative news always in bitcoin but bitcoin never affected that because bitcoin is like a wheel rolling up and down like the value of bitcoin sometimes up and down this is normal in all investment. Negative news never affect on what happen on bitcoin value. speculation, it will not affect the price change in the market, because the user will not be affected by hoax
Well just don't only focus on the negative news. There will be no effect to the value of bitcoin just only because of those negative news. They are just trying to bring down bitcoin.
When something gets popular in market, it gets criticized for its success . There was a time when none of us was interested in bitcoins , but when they saw the success and its worth all of them tried to buy some shares. But some of the investors dint find there profit in early time so they started posting bad about bitcoin. Some are not sure of bitcoins exsistence in future . At end of the day i will say something is criticized only when its going high in the minds and market of world
Bitcoin's volatile nature is very simple. This is not a big negative issue at all. Of the bitcoin market cap grows then volatile will reduce. And every day I think more than 100K people are coming in the crypto industry.
Scam, Crime and other fraud things are happening in every money not only in bitcoin. Bitcoin transactions are anonymous but it is not impossible to get that criminal where you have more technology. In PayPal, people can fraud, scam too.
So, your negative issues can be retrieved. Just let bitcoin to reach more people.
Scam, Crime and other fraud things are happening in every money not only in bitcoin. Bitcoin transactions are anonymous but it is not impossible to get that criminal where you have more technology. In PayPal, people can fraud, scam too.
So, your negative issues can be retrieved. Just let bitcoin to reach more people.
Yes, you are right many people don't how to use the technology behind it. Without knowing anything they will invest into bitcoin by seeing others income, after that, they might lose their value and this makes them think negative about the bitcoin price. I don't mean they are losing value, even in share market they prices may decrease but people will hold them for the long term. In the same way, we have to hold them for long term also.
Bitcoin's volatile nature is very simple. This is not a big negative issue at all. Of the bitcoin market cap grows then volatile will reduce. And every day I think more than 100K people are coming in the crypto industry.
Scam, Crime and other fraud things are happening in every money not only in bitcoin. Bitcoin transactions are anonymous but it is not impossible to get that criminal where you have more technology. In PayPal, people can fraud, scam too.
So, your negative issues can be retrieved. Just let bitcoin to reach more people.
Scam, Crime and other fraud things are happening in every money not only in bitcoin. Bitcoin transactions are anonymous but it is not impossible to get that criminal where you have more technology. In PayPal, people can fraud, scam too.
So, your negative issues can be retrieved. Just let bitcoin to reach more people.
For bitcoin price to achieve some stability and potentially become a virtual currency, some form of regulation is needed. Regulation establishes order and trust within society. We need this in order to properly framework the financial system, along with the digital currency.
I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
Bitcoin is decentralized, so it doesn't need to be protected by bastards inside the legal institutions. The community takes care of it, and the same community is also behind all these malicious things. So what you can do is, be a smart person, be responsible and knowledgeable enough to know what is right and what isn't it, and protect the innocent people. Don't worry about the price,it will eventually rise. Everything has a bad side, the only way to actually eliminate these negative issues, is for the erosion of the entire human race, which isn't gonna happen soon. The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
Bitcoin has become a public figure and famous everywhere. Therefore many people are trying to bring down Bitcoin. spreading FUD is one of their ways to drop people's view of Bitcoin.
Bitcoin badly affects the social economy and destroys the environment.
1. Anonymity in bitcoin has facilitated money laundering activities.
2. Bitcoin digging consumes a large amount of electricity in the world. This makes electricity prices soar. The environment is severely damaged.
1. Anonymity in bitcoin has facilitated money laundering activities.
2. Bitcoin digging consumes a large amount of electricity in the world. This makes electricity prices soar. The environment is severely damaged.
I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
If your not believe trust in bitcoin why are herein in forum sorry do not be offended making this news giving worry to people start investing in bitcoin, i think you didn't understand well the importance of cryptocurrency how to help the growth of the economy and help to the people go out from the poverty using fast progress of new digital technology.
I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
There will always be negative issues about Bitcoin as with anything else. It's inevitable and the only way to get by these issues is to know how to work our way around them. By doing so, we won't get affected much and all of these become mere controversies that doesn't have much effect on the system. The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
There are many issues and skeptics that are thinking that way. You said that you are hopeful to bitcoin that it can be that "way" in the future.
But the way you are describing those negative issues, you are part of the issue. You keep on thinking what are these issues and makes you think of it most of the time.
But the way you are describing those negative issues, you are part of the issue. You keep on thinking what are these issues and makes you think of it most of the time.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature.
They have been existing even without bitcoin before.What really happened? Is it true that the price of Bitcoin is down because of these things?
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