Bitcoin Forum

The dislike factor of Bitcoin by some people:
1.Price volatility
2.High Price
3.Waste of Electricity
4.Lack of supervision
If they could think that Bitcoin is the biggest venture capital fund that human kind ever made,things would be different.
The advantage of being such venture capital fund could be as follows:
1.Most diversified investment.Bitcoin is not just a payment solution.It is a portal to thousands of decentralized programs.
Bitcoin enables every access to the decentralized world.Bitcoin dominates the decentralized world from the beginning of its
birth,and it will keep dominating it form now then.This means holding bitcoin is just like hold thousands of other tokens.Thus
the price of bitcoin will go ups and downs just like the other venture capital funds do.The price of bitcoin as well as other tokens
are so transparent and easy to trace,which gave investors adequate information about the fund operation.
2.The Venture Capital that everyone can join.You can buy bitcoin with different methods,not only from exchanges,but also
by your credit card,by mining,by work etc.
3.High Electricity Consumption connects with network high computing difficulty which will ensure that every investment in this
venture capital remain safe.
4.The basis of bitcoin is rigorous mathematics and technology,it doesn't need supervision.If your buy some bitcoin and save it
to your own wallet,it is genuine and it is yours,no need to doubt it.

I totally agree with it, but along with the negative factors that you have mentioned, those are the reasons why bitcoin or any other crypto is profitable. Being volatile and price being friven by the free market makes crypto profitable. By far, crypto is one of the bes innovation created by human making transactions and tracking records convenient and easier compared on the conventional ways we do transaction and transfer.

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth, so how can we compare Bitcoin to venture capital funds?

Also, venture capital funds are not used as a currency to buy goods or pay for services on a daily basis, so it is absolutely ridiculous to compare Bitcoin to venture capital funds.  ::)

ICOs and STOs are just a new kind of funding method,just like VC/IPO/Private Equity(PE) formerly did.
Holding BTC means holding portal to ETH/EOS/TRON/NEO/ONTO...etc. 
While the ETH/EOS/TRON/NEO/Onto...etc's Ecosystem grow,BTC grows too.
The fatal difference between PE and BTC is supervision.

ICOs and STOs are financing small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.
So I think BTC is not just a currency,it is a platform,a financing method,a ecosystem.

1. Yes it's quite obvious to have a huge price volatility since the price of bitcoin is so high and there are many investors holding thousand of bitcoins. Also, whenever a surge in the price occurs huge number of investors jump in to the rally to buy bitcoin which is why the price volatility grows at a larger scale. There is pretty much nothing we can do about it.

2. High price is the result of large number of supporters bitcoin has and the price volatility due to above reason complements the high price of bitcoin. Volatility is a catalyst to the high price of bitcoin.

3. Every currency needs something to be produced. Fiat currency are printed and hence paper is wasted in this case. Waste of paper is equal to cutting down of more trees. Hence every currency 'wastes' something.

4. Supervision is not necessary for bitcoin since it is decentralised. It acts based on actions of its users. I wonder how lack of supervision is a 'hate factor' for people.

Interesting perspective. I agree with you that it is a venture capital. Probably not the biggest in the world, but quite big.
Maybe Ethereum is conceptually even bigger VC as it provides the actual platform for VC.

Eh, venture capitals are private capitals that are used towards something by a group of 'trustees' in order to make a profit, by donating it into a small firm, venture or business that could make it big. Bitcoin is different, it is held by a lot of individuals and can sometimes be used as a currency when the need presents itself, so they are two completely different things, and perhaps the only similarity one can draw from bitcoin to VCs are the aim to make a profit by most people, and that's it.

Despite the differences pointed out, I can't help but agree that there are certain concepts that almost qualify Bitcoin as a huge ass, decentralised, trustless VC. We are all the trustees, and what better way to ensure we are all complicit in its success than to ensure no entity controls it (being able to exert control over it, from some powerful entities is arguable though)?

P.S. Why is "high price" ever considered a factor for disliking Bitcoin? You can buy 1 dollar or 1 thousand dollars worth. Imagine trying to get a dollar of gold or a dollar's worth of Apple shares.

Bitcoin only dominates in the world of cryptocurrencies. Decentralization is not only used in currencies and no one stops companies to create their own decentralized platforms without any cryptocurrency being used there.

Nothing can guarantee that your investments will be safe in crypto world.
There is no guarantee that mining would become not profitable, BTC price goes down and miners would have to fix their loses.

Well it's too early to say that the function of bit coin is not just only a currency because those thing's will be proclaimed in future but for now let bitcoin act as currency and if time comes then lets tall about.that later for now.help.bitcoin.tp grow more

I agree with everything except the first point that you mentioned. Extreme volatility is a double edged sword in this market since it can help investors earn profits or succumb to losses and unstable values are a problem for mass adoption.

Who would want to use a currency whose value can change radically regularly when compared to stable FIAT(Most of the time)?

This is why I believe that volatility of this market needs to drop in order to pave the way for mainstream mass adoption in the future.

I never said that volatility is not a problem. I was just pointing out the causes for those factors. Volatility is definitely an issue when it comes to mass adoption.
I know nobody would want a coin which an increases/decrease the overall value of their holdings so quickly.
I guess volatility will only get stabilized when more people starts using bitcoin. The more people use it, the more widespread bitcoins are across the globe.

It is a new market place and it is bound to be volatile, imagine how volatile the stock market was when it began, the price would swing just because of rumors in the beginning and that is what we are seeing in this market too.
Bitcoin has is limited in number and it is bound to have an increased price with more investors coming into the market.
For a decentralized system to function you need to shell out some money and they are not mining at a loss and where is the wastage comes from.
As mentioned above it is a new market and there is a lot of things to be implemented and lack of supervision in what sense, i am not clear about that.
The charges are really high to purchase using a credit card and the formality is high for the verification process and mining is not a feasible business model for everyone.

I am against with 1 and 2 because many do likes bitcoin market price volatility especially if it is increasing or reaching the possible ATH. And it happen already during 2017 where bitcoin market price had reach to almost 20k usd being recorded.

So, if bitcoin is the biggest venture capital fund that human ever made then that is pretty awesome and good as bitcoin believer.

If you are look everything in the negative side nothing will happened in your life. You will not be motivated. Like in bitcoin you will think the high electricity bill? So why did you do other activity aside from mining there is so many source of income like bounty and trading. I think we don't need to look it in negative side because bitcoin is worth it to give a lot of time and effort.

It isn't a venture capital anymore, because it has already provided with proven growth. Maybe the statement could've been relative to the thread title when it was entirely new to the common people. Now people have known about it, and the growth is promised without any time target.

The negative factor that you mentioned, in my personal view. It will not be comparable with the advantages possessed by bitcoin. That is, whatever the shortcomings that Bitcoin has. It won't make us lose if we save it or use bitcoin

Yap I do believe the the volatility is not a factor that makes people dislike bitcoin. I can even say that this is the advantage of bitcoin to make profit. Those who do not like bitcoin because of its volatility are type of people who want to make money but not ready to take the risks.
High Price? It is subjective reason, but no matter how expensive bitcoin is, people are still able to invest on it with what they have. They do not need to buy a whole btc or more in order to take part on this bitcoin industry.

Bitcoin does poses all the potentials mentioned and the fact that it is the biggest venture capital fund that was ever created by human without the support of the governments was the reason why some government official are against it when they are in office and later say something positive about when they left office.

I agree with argument but you also consider lots of unethical people using these decentrelised diversified technology for their greed . Done example are bitcoin fork coins , lots of ico’s happened in 2017 and 3018 they just raised the fund now they are disappeared. There is positive side as well as negative side .

Yes,if we take VC factor into account,the price volatility can be accepted for now,and also,volatility of this market needs to drop in order to pave the way for mainstream mass adoption in the future.

The so called bad side of bitcoin is the reason why bitcoin remains the greatest invention of this era take for example it volatility is the reason why the price is always high due to the fact that no one is able to predict the price.

I don't want to  ;)but yes it is 8) Bitcoin is the biggest venture of its kind and increasing circumference dominates the decentralized world. If you have Bitcoin in your wallet then no doubt it is yours and you can use whatever way you want. :)

I must say that as Bitcoin is one of the biggest venture! :o and by passing time it is increasing its reach. Besides of the ups and downs of the crypto market Bitcoin is still a dominating crypto in the market. If you have BTC in your wallet then you are a part a emerging crypto revolution. 8)

I agree to some of your points but disagree to some like some of the disadvantages you have mentioned are actually an advantage to bitcoin like volatility. But yes, bitcoin is one of the best venture people have invested for the reason that you can even earn a lot money by just using your mobile phone. I am the living witness where I always trade to this exchange site called darb exchange (https://darbfinance.com/?=crowd). I always trade there and earn money because of it and I even use that as a payment system to my transactions.

I think Bitcoin's price volatility is not something people should be complaining about, Bitcoin's market cap is very low so the price volatility is not something artificial. Also, if Bitcoin is that valuable, electricity used for mining might not be seen as ''waste''

All the negative factors you listed do not allow bitcoin to become a truly venture Fund.I think if all these factors are removed, then the price of Bitcoin will fly to the moon and never arrive.In addition to bitcoin,the entire cryptocurrency is a pretty big venture Fund with a very huge capitalization.I hope so and will continue.

I see Ethererum as somewhat similar to a VC firm. You buy Ether and invest them in ICO or IEO by trading the Ether with the ERC-20 tokens offered by the project. The projects get paid in your ETH that they can later convert to Fiat or use as is for development and marketing activities.

Check out Farm2Kitchen (F2K) Token for an example, which is a token on the Ethereum platform and is used for crowd-funding using IEO which is currently ongoing on ProBit.

From every fact you have stated i do agree with some.
But these two:
1.Price volatility
2.High Price

Those are what makes Bitcoin being the best cryptocurrency. People have to realize how good that is and not a con at all.
From them you can achieve more profit and get more new investors.

like what other said  . some points that you list on the op are not really a disadvantage but they are instead advantage because this what makes bitcoin unique and indemand  . i think i will only agree on the number 4  which was  " lack of supervision "   .  yes bitcoin is lacking with this due to its decentralized/anonymous feature  .  this makes bitcoin ideal for dark and shady use  but not all are doing this  .

Crypto is the revolutionary innovation with potential besides being volatile and fluctuating. It is the ground where everyday emerging technologies are there, ICO and STO are some of them, so Bitcoin is the venture capital fund and a conventional way for transactions.