What Is with The Negativity Around Bitcion...... - page 6.

Jake052478

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Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

Actually the negative thought of bitcoins surrounds it legality or of its legal basis and also its volatility of its value. The sudden rise and down makes it so scary that people became so skeptic to invest.

DrGuns4Hands

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For me, there's no negative sides or bad sign inside bitcoin. It comes to a good way wherein all people are very excited and well productive in the sense that it is about money, so they need to be responsible and become aggressive in anything that may happen.

sunnex100

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Every new phenomenon comes under barrage of attacks and criticism before it would be accepted or rejected as the case may be. It all boils down to the level of information that was available sequel to the emergence of Bitcoin. It is a known fact that Bitcoin has been used on the dark web for a whole lot of illegal transactions from Drugs to money laundering. These are major dents on the cryptocurrency. However, I believe that with little regulation and a serious structure of monitoring, Bitcoin would be seen in a very good light

reijusama2583

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Maybe the negativity of bitcoin is how the human being used it. Negativity will appear if you surpass the proper right of using a certain thing if you used it in an evil way then there is a negativity and as of now I see nothing is negative in bitcoin because all of us using it properly because we get something on it that is why continually using it properly. Scam maybe one but it was bizarre now a days in bitcoin world because somehow many people tighten their security when it comes to bitcoin.

jaysabi

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Quote from: aardvark15 on October 14, 2017, 08:39:05 AM

Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

There are people that don't understand Bitcoin or other cryptocurrencies that will point out negatives such as it is not backed by a government or by gold so it is worthless. The problem with that assessment is that the mining process takes a lot of work and energy so there is lots of money and time put into mining.

Also consider that banks and other financial businesses need to make a profit and want to put down their competitors. They feel threatened by something new and innovative and will try to make it fail. Governments also fear a decentralized currency that they don't control and don't collect taxes on. They are just trying to figure out how to handle all of this and how to have some control over it.

Work going into mining isn't what gives bitcoin value. Value is determined where supply and demand meet. Mining creates bitcoins, but it doesn't directly create the value, and there's no relationship between the amount of money you put into mining and the value of btc. It just so happens that so much money is put into mining because bitcoin is expensive and it drives people to mine, not the other way around.

As for taxes, whether USD or bitcoin, the government's power to tax is the same. You can't avoid taxes just by switching the bitcoin.

fullhdpixel

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Quote from: atc1-REAL on October 15, 2017, 08:07:15 AM

Its because the usage of bitcoin when it hit popular news in early 2014 was restricted majorly to the silk road and such sites. It was only after that a lot of vendors started accepting it. Because of its anonymity and ease of transactions, it had become the currency of choice for antisocial elements, and governments still fear that even today.
Plus when anyone from these kind of sites is arrested, they generally confess to the police that they were received their payments in bitcoin. That gets in the news and creates this bad rap.

You cannot say that it is the fault of bitcoin that it was illegally used bitcoin has no role in that it totally depend on the user how he use it and if some of the culprit use it for the illegal transactions curse that person not the bitcoin, now system upgradation is under process so that databases will be maintained about each and every transaction to trace the illegal activities through it.

fasdorcas

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Quote from: aardvark15 on October 14, 2017, 08:39:05 AM

Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

There are people that don't understand Bitcoin or other cryptocurrencies that will point out negatives such as it is not backed by a government or by gold so it is worthless. The problem with that assessment is that the mining process takes a lot of work and energy so there is lots of money and time put into mining.

Also consider that banks and other financial businesses need to make a profit and want to put down their competitors. They feel threatened by something new and innovative and will try to make it fail. Governments also fear a decentralized currency that they don't control and don't collect taxes on. They are just trying to figure out how to handle all of this and how to have some control over it.

Yes bitcoin is real threat to the banking system because when one has bitcoin he doesn’t have need to invest into the banks to earn profit, banks are thinking to accept bitcoin because they know the fact that now whole world is demanding some digital currency and bitcoin is the best option one can use it everywhere and if their system got implement then there will be ease for the bankers to continue their business.

PizzaBTC

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Quote from: eekkaa on October 12, 2017, 11:36:24 PM

Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

The negativity of bitcoin maybe is the fee, the more expensive the bitcoin price the higher the fees charged

You will hardly find anything which does not have any disadvantage. Bitcoin has so many advantages and it is the best thing one can ever have in his life. There are certain disadvantages of bitcoin as well. Like you said, transaction fee and transaction process is something which is causing a lot of troubles at present. I am hopeful that these issues will be resolved in the near future.

dancingnancy

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Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

It's all about an individuals perception. Bitcoin has great potential, and will be an important part of economies in the near future. Those who do have a negative outlook will regret it when they could've invested into Bitcoin and earn higher profits in a short period of time. Once it becomes popular the negativity will start to diminish.

thisappointed

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The negativity around bitcoin is just to make the other people feel the same and when they feel the same then they will not be faithful for bitcoin and they will surely adopt the negativity that they have in bitcoin and they will just sell or they will just start thinking negative things about bitcoin that will result for bad thoughts and then they will become hater.

BitcoinBallerina

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The negativity around Bitcoin will always be there because the majority of people on earth right now have their savings invested into FIAT money so obviously they're going to be salty.

atc1-REAL

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Its because the usage of bitcoin when it hit popular news in early 2014 was restricted majorly to the silk road and such sites. It was only after that a lot of vendors started accepting it. Because of its anonymity and ease of transactions, it had become the currency of choice for antisocial elements, and governments still fear that even today.
Plus when anyone from these kind of sites is arrested, they generally confess to the police that they were received their payments in bitcoin. That gets in the news and creates this bad rap.

aardvark15

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Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

There are people that don't understand Bitcoin or other cryptocurrencies that will point out negatives such as it is not backed by a government or by gold so it is worthless. The problem with that assessment is that the mining process takes a lot of work and energy so there is lots of money and time put into mining.

Also consider that banks and other financial businesses need to make a profit and want to put down their competitors. They feel threatened by something new and innovative and will try to make it fail. Governments also fear a decentralized currency that they don't control and don't collect taxes on. They are just trying to figure out how to handle all of this and how to have some control over it.

peterthegreat

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Presale is live!

There will continue to be negativity around Bitcoin because most people don't like change. Especially when it goes against everything they know, that's when it really hurts.

yoseph

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All the negative perception about bitcoins is all due to the fact those spreading FUD about bitcoin is that they are afraid of bitcoins, Jamie Dimon for instance is so intimidated that he speaks badly about bitcoins every single week and now we are fed up listening to his jibber jaber now.

wahb

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Quote from: Zenithar on October 13, 2017, 04:08:17 PM

Quote from: eekkaa on October 12, 2017, 11:36:24 PM

Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

The negativity of bitcoin maybe is the fee, the more expensive the bitcoin price the higher the fees charged

Yes that is very right i think that only drawy back or negativiy about bitcoin is the transaction free, which restrict pople from small transactions. I think that the transation fee should be reasonable so that people can easily start using bitocin evern for small transation which is very much important for purchasing daily use items online are even in their offline shops where the shopskeeper are accepting bitcoin.

In fact there is no restreiction over exchanges to bound them not to increase the transaction fee according to their own wishes, I think there should be a crypto exchanges regularity authority, who should control the exchanges for different acts, they should not be allowed to increase by themselves, but there should be a proper procedure through which they will be allowed to increase the transaction fee.

Zenithar

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Quote from: eekkaa on October 12, 2017, 11:36:24 PM

Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

The negativity of bitcoin maybe is the fee, the more expensive the bitcoin price the higher the fees charged

Yes that is very right i think that only drawy back or negativiy about bitcoin is the transaction free, which restrict pople from small transactions. I think that the transation fee should be reasonable so that people can easily start using bitocin evern for small transation which is very much important for purchasing daily use items online are even in their offline shops where the shopskeeper are accepting bitcoin.

bubblebit

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Quote from: Murloc on October 11, 2017, 05:12:00 AM

Just look through the crypto newsletter for the past years and calm down. Cryptocurrencies were always surrounded by negativity, nothing special now.

This individuals are relying on mainstream news that we all know are biased to the bankers as they’re financial sponsors. Those negative comments is more of an organised propaganda to paint bitcoin as a risky and illegal investment but the effect is the opposite. More investors are joining because of curiousity and thanks for they’re effort the spread of bitcoin popularity is much intense this few months because of they’re ignorance.

eekkaa

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Quote from: CryptoDream2049 on October 10, 2017, 08:22:46 PM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

The negativity of bitcoin maybe is the fee, the more expensive the bitcoin price the higher the fees charged

Sasuke102001

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Everything has some positive and negative aspects or sometimes also everything has a certain type of negativity with it. THe negativity around bitcoin is the use of Bitcoin in criminal offenses and people trying to prove bitcoin is loss or people trying to convince people that Bitcoin is bad or loss due to some of its feature and spreading false negativity.

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