Top 5 Concerns About Bitcoin ? - page 5.

TravelMug

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Quote from: worldtraveller321 on November 23, 2018, 10:27:17 PM

What would be your main concerns and thoughts about cryptocurrency?

People who think that this market is for them, specially those who enter for getting rich quick, sadly they're disappointed and exited and never come back.

People who blatantly throw their money in scam ICO and then bitch around when those projects pull a exit scam.

People who really don't understand how everything works, but just because their friends encourages them to join, invest on crypto but doesn't know how to protect their assets.

leonair

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Quote from: iMark on February 02, 2019, 10:30:28 PM

Quote from: Malam90 on February 02, 2019, 08:29:03 PM

Protecting hacking is my first priority and secondly, pulling this bearish market from the bottom line. Of course, maximum people want to see that Bitcoin price will increase huge as they want profits from it.

Security is no longer the main concern in my opinion, because as long as I use bitcoin I have never been hacked or anything that make me lose, because previously there was a specific answer regarding this, use a safe wallet and add 2fa, that is enough.

I agree with iMark, securing someone else Bitcoin wallet isn't not big deal anymore for as long as the user follow the safety precautions on how to use and secure wallets and besides hacking incidents happened more on cryptocurrency exchanges and centralized platforms but not to Bitcoin wallets itself.

xuv500

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Quote from: eaLiTy on March 04, 2019, 09:28:09 AM

Bitcoin was introduced for the benefit of the people without a third party involvement for the transaction of currency all over the global as an internationally operated crypto currency .The risk in investing Bitcoin is a risky one since bitcoin is highly volatile in price more people get interested in investing when the price increase and since no regulations in price it might drop and cause a loss to the people .

That's right, people become very much eager only if it becomes popular and a serious talk in public. Its the reality of human nature yes bitcoin's main motto to develop this crypto to avoid third party transaction, a lot of them were very curious on buying bitcoin when the value was over the moon in 2017. unfortunately it has dropped massively and need not to worry it will boom again.

eaLiTy

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Have Fun )@@( Stay Safe

Bitcoin was introduced for the benefit of the people without a third party involvement for the transaction of currency all over the global as an internationally operated crypto currency .The risk in investing Bitcoin is a risky one since bitcoin is highly volatile in price more people get interested in investing when the price increase and since no regulations in price it might drop and cause a loss to the people .

Commitments

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Bitcoin is the way how to make purchase more easy and faster, about bitcoin have speculative where some time at higher and lower is usually will give us chance to get profit with bitcoin or altcoin investment, always keep make your asset more profitable at the future.

Jocuserious

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Personally me I have worried my Bitcoin firstly,how I can get strong secority. Because we are know that begins lot of hackers in the crypto market,and their countinue do it hacked many wallet.so absolutely we need first target to save our wallet.then I want to use another section my bitcoin.how I can get profit? It's target I have always.

iMark

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Quote from: Malam90 on February 02, 2019, 08:29:03 PM

Protecting hacking is my first priority and secondly, pulling this bearish market from the bottom line. Of course, maximum people want to see that Bitcoin price will increase huge as they want profits from it.

Security is no longer the main concern in my opinion, because as long as I use bitcoin I have never been hacked or anything that make me lose, because previously there was a specific answer regarding this, use a safe wallet and add 2fa, that is enough.

Ronyx

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The biggest concern is that we never know about the future, we don't know whether bitcoin is getting bigger in the future or even worse and declining.

xWolfx

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Quote from: gesdan on November 30, 2018, 08:10:32 AM

i think bitcoin is a weakness at the customer support and the sensitive with the phishing website, so the user need to care about the phishing website and i think you should checking twice before sending the bitcoin

The weakness needed for a phishing attack to work is the greatest weakness in any security system - Humans.

The problem here is the people themselves precisely, not only customers but the employees of the companies and in that case is much much worse because they should have enough training to avoid mistakes like those which can cost a lot.

Mistakes happen yes but the risk and consequences of each kind of mistake should be looked upon carefully to avoid this kind of problems. Also exchanges shifting their focus more towards security can go a long way and help a lot. Sadly they can't make themselves invincible though, but the risk can be really low in comparison to right now.

Matthewmorris4

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Quote from: worldtraveller321 on November 23, 2018, 10:27:17 PM

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

This could from regulation? Adoption? uses?

What would be your main concerns and thoughts about cryptocurrency?

for me, the biggest concern about crypto is its adoption, until now, adopt the hardest part so crypto can develop, the pros & cons of how crypto adoption can stabilize the economy still not find a solution.

shoreno

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Quote from: Destroyeroff98 on February 02, 2019, 10:06:31 AM

Quote from: worldtraveller321 on November 23, 2018, 10:27:17 PM

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

This could from regulation? Adoption? uses?

What would be your main concerns and thoughts about cryptocurrency?

1. Blockchain is more important than Bitcoin
2. Lack of leadership
3. Laws and rules
4. Problems with time and mining
5. Fear, uncertainty, doubt

1. If not because of bitcoin , i dont think blockchain will be discovered . although you got a point blockchain is important because if no blockchain theres also no bitcoin

2. What do you mean by this ?

3. law/rules are country dependent . thats normal and its not threating to others at all .

4. You mean slower transactions ? Well that also depends on your fee output . if you pay less you will struggle . so make sure you only pay sufficient amount .

5. This problem is from the person itself . if he wont face the risk , he wont experience the goodnes of bitcoin .

gloriam5

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Probably the biggest problem of Bitcoin is its flexibility, it is not sustainable yet specifically on the market, then growth is a fall, it all causes great distrust. The worst dream - in which he can completely disappear, where all servers are Egorr, and full of news about the collapse.

mellonballer

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The design of bitcoin and the increase in difficulty make centralization of mining facilities inevitable. We are already seeing this happen, as difficulty goes up and price does not adequately correlate , fewer and fewer people can afford to run mining farms, as this trend continues the transaction processing power of the network becomes increasingly consolidated, which increases the likelihood of a 51% attack and also eliminates one of the primary functions/features of btc, the decentralization of the system.

How much do you think bitcoin will be worth when there are less than 5 facilities left in the world with electrical rates low enough to run machines? I say 0.

riska hanissa

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ICO suffered from lack of regulations.
imperfect regulations, there are many frauds in the crypto business that exploit loopholes in the law.
there is no technological progress behind Bitcoin. Low transaction capacity and rather high costs.

Destroyeroff98

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Quote from: worldtraveller321 on November 23, 2018, 10:27:17 PM

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

This could from regulation? Adoption? uses?

What would be your main concerns and thoughts about cryptocurrency?

1. Blockchain is more important than Bitcoin
2. Lack of leadership
3. Laws and rules
4. Problems with time and mining
5. Fear, uncertainty, doubt

Ezenwanyi

copper member

Activity: 336

Merit: 1

My concerns about bitcoin is how it would effectively contribute to the socioeconomic development of the world at large.
I have concerns about adoption.
Bitcoin needs to be adoption generally and become a medium of payment which would enable holders to purchase goods and services for bitcoin.

arkawa040

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Recently, I began to very much fear of fraud, too high a percentage of the bench, the scams are projects that have been working for a long time, and become completely new projects because of which not only the popularity of the crypto currency falls, but also leave the money world of the crypto currency forever, which reduces the overall capitalization leading to market movements to the bottom. The scams need to be combated in a very quick order, but how??? no one knows.

dongyi17

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Well for me some of the concerns I have with bitcoin is the how bitcoin system works, there are some man power behind it I think why it keep changing, also the condition of marketplace and the trading area those are the things that bothers me most, although we really can't control it neither we can predict what will happen next yet we still looking forward and somehow believe it will work accordingly.

risky ipkt

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I am worried about bitcoin because even though there are negative issues circulating in the media, the bad news is for me a market mafia game to reduce the price of bitcoin in the market, for example the issue of hacking bitcoin by thieves

tahozor

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1. What can Bitcoin be used for?
2. Where do they come from and where to get bitcoin?
3. What is Bitcoin provided with?
4. Can I make money on the difference of cryptocurrency rates?
5. I have bitcoins, what to do with them?

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