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Topic: Things Bitcoin CANNOT Do (Read 595 times)

full member
Activity: 184
Merit: 100
May 19, 2017, 08:48:11 AM
#12
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing

It can`t be used to buy food or pay the bills.
It can`t be accepted as a real currency by all the governments in the world.
It can`t be used to give loans.All the btc lending platforms are a failure.

I can use it to buy food, pay bills, buy mobile credit, pay for game credits, what else?  Buy toy from it, buy house , cars etc.  This is merchant dependent. 

Quote
It cant be ''generated''

This show how OP lack knowledge about bitcoin.  So all his idea is automatically moot.
hero member
Activity: 2646
Merit: 686
May 19, 2017, 08:42:56 AM
#11
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing

Why are you so negative about Bitcoins, and if you are referring to hyip sites yes that's all fake. But Bitcoin is giving us the financial freedom which we never thought we could get. People have been able to buy cars, gadgets and tons of things, Bitcoin has fulfilled so many people dreams. By the way you can multiply it in the gambling site if you win, clone no that's a security features, we'll freebitco.in is giving 4.08% interest, we'll the value is important to many. Hope it shall change your views.
hero member
Activity: 2590
Merit: 644
May 19, 2017, 07:53:51 AM
#10
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing
You can add also for bitcoin that cannot do is, to spend it offline without having an internet because i think that is the biggest concern for bitcoin because how we can use our money in bitcoin if there is no internet available and how we can pay the things that we need to pay urgently if we cannot do transactions while offline?
hero member
Activity: 882
Merit: 500
May 19, 2017, 07:41:39 AM
#9
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing
it seems that OP doesn't have full.trust with the Bitcoin . Because the all the lines of the post is not true  .
1) We can easily multiply , but we need understand the market of the Bitcoin that how it get changed .
2) this is the truth that we can't clone , that is why the Bitcoin is using by billions of the person in this world ( this line is really true for the Bitcoin )
3)this line is same like first one , because we can make more than 3% a day .
4) Wrong , we can generate , but through the rule of the mining but not can generate individually  .
5) This is growing from the past of 2008 and also still growing . Since the amount of the Bitcoin will be limited to the 21 millions but the value will still increase more and more  and no one can control until the demand get stopped .
Here I will suggest to the op that first get throughout study about the Bitcoin and make full trust with the Bitcoin network and then start your work with Bitcoin .
legendary
Activity: 1708
Merit: 1006
May 19, 2017, 06:57:18 AM
#8
As I type this message, if I go to the wet market and buy fish I cant pay using Bitcoins as the seller is not willing to wait for the transaction to be completed before they hand me the fish that I want for diner. I cant use Bitcoin without internet, not all have access to decent internet and without it, I cant use Bitcoin.

Theres a lot of things that Bitcoins cannot do... for now and who knows there might be a solution to that in the future.
legendary
Activity: 1792
Merit: 1283
May 19, 2017, 06:47:24 AM
#7
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing

It can`t be used to buy food or pay the bills.
It can`t be accepted as a real currency by all the governments in the world.
It can`t be used to give loans.All the btc lending platforms are a failure.
You can use it to buy food and pay the bills, there are services for that and I believe one municipality in Switserland even allows taxes to be paid in Bitcoin directly.
It's not expensive or hard to find a debit card that you can load with Bitcoin.

You can even get your monthly paycheck paid in Bitcoin.

https://www.bitwala.io/
https://coinsfer.com/
https://www.takeaway.com
https://www.bitwage.com/
hero member
Activity: 3192
Merit: 939
May 19, 2017, 06:40:34 AM
#6
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing

It can`t be used to buy food or pay the bills.
It can`t be accepted as a real currency by all the governments in the world.
It can`t be used to give loans.All the btc lending platforms are a failure.
hero member
Activity: 910
Merit: 511
May 19, 2017, 06:23:31 AM
#5
i think you could add:
"i can't invest in bitcoin right now, if i'm not already rich"
a lot of $$$ to enter in the game!!!
better to try invest in the altcoin business

you dont need $2k to get into bitcoin.

just like people dont need $42mill to invest in gold.

you dont need to buy a whole bitcoin
you dont need to buy a whole tonne of gold

you can buy parts of both in smaller measures, which you can afford
gold has ounces and grams
bitcoin has millibits and bits
ok.
you are right.
I explain better.
with my assertion i want just say who to enter in the mining business (bitcoin mining business) you need a lot of $$$ and cheap electricity...
legendary
Activity: 4424
Merit: 4794
May 19, 2017, 05:51:01 AM
#4
i think you could add:
"i can't invest in bitcoin right now, if i'm not already rich"
a lot of $$$ to enter in the game!!!
better to try invest in the altcoin business

you dont need $2k to get into bitcoin.

just like people dont need $42mill to invest in gold.

you dont need to buy a whole bitcoin
you dont need to buy a whole tonne of gold

you can buy parts of both in smaller measures, which you can afford
gold has ounces and grams
bitcoin has millibits and bits
hero member
Activity: 910
Merit: 511
May 19, 2017, 05:35:14 AM
#3
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing

i think you could add:
"i can't invest in bitcoin right now, if i'm not already rich"
a lot of $$$ to enter in the game!!!
better to try invest in the altcoin business
legendary
Activity: 4424
Merit: 4794
May 19, 2017, 05:30:14 AM
#2
the OP seems to be hinting. DO NOT TRUST schemes/investments/businesses/projects/programs offering or promising the buzzwords in the OP
newbie
Activity: 45
Merit: 0
May 19, 2017, 05:17:20 AM
#1
What Bitcoin CANNOT do:

- It can't ''mutiply''
- It can't be ''cloned''
- It can't make 3% interest a day
- It cant be ''generated''
- It can't grow except in value
NB: It can't make you money for nothing
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