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Topic: There are many negative issues about bitcoin, what's the matter? - page 7. (Read 638 times)

member
Activity: 266
Merit: 32
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
jr. member
Activity: 55
Merit: 5
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?
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