Bitcoin Forum

Bitcoin is not perfect and so is every other innovation man has created.
Not perfect in the sense that it has pros and it also has cons.

"Bitcoin transaction is irreversible". I would have loved it to be, but there are reasons why it's not. Also, a transaction that was made from one bank account to another is irreversible too. So it's not new.

"The bitcoin market is too volatile and unstable"
So are the forex market and stock exchange market.

"Bitcoin is used to commit crimes". (The lamest).
So does the Internet, phones, computers, guns, and all. Even harmless things like vehicles, boats, and ships are used to commit crimes.

Terrorism has always been funded with fiat currencies since before the inception of Bitcoin. You can walk into a bank and withdraw $10k cash from your account and you do not know if the money was deposited into the bank by a human trafficker.
I don't see anybody fighting fiat because it's used to fund terrorism.

Democracy and capitalism are not perfect, but we all want them. Why? Why don't we ditch democracy and practice a perfect system instead?
Every human being having and enjoying their human rights is not perfect so let's ditch that also.

As Bitcoiners, it's okay to accept that Bitcoin has flaws but those flaws do not in any way make it inferior. The fact that about 0.25% of all cryptocurrency activities are associated with illicit activities according to  Chainalysis  (https://www.chainalysis.com/blog/2023-crypto-crime-report-introduction/) doesn't make it the "tool for terrorism" as the governments want people to believe.

Not just bitcoin, everything in this world has its negative and positive sides, it all depends on the person who holds it. Like fire which can be used to cook rice or burn down a house, like a car which can make transportation easier or hit someone. Religion also has different sides, one side views religion as absolute belief, but on the other side there are also those who consider religion to be an opium.

Is this really a thing that governments are discussing these days? Because the other day I saw another topic around the same subject here (https://bitcointalk.org/index.php?topic=5471797.0) and despite the FUD about illicit usage being old it makes me wonder whether they are starting it up again?

The advantage of bitcoin is higher than the disadvantage and whatever that can be used for exchange of goods and services will always be used for illicit activities. Bitcoin is not the first and it will never be the last that, because both the good, bad must render services and buy goods.

I am happy that the government have come to understand that bitcoin is not the cause of illicit activities but the people that engage themselves in such activities, and the government should go for those people. Bitcoin volatile nature and its decentralized nature has made it tough for government to understand, and that was why they were against it initially, but after some government saw the potential in bitcoin, they decided to embrace it.

The world is not perfect either, so there's no such thing as perfect.

What makes bitcoin popular is it's usefulness to us, maybe not for everyone but those who have adopted it either for regular transactions purposes and for investment purposes. Maybe one of the many you mentioned which is this one "The bitcoin market is too volatile and unstable"... can be change in the future, and that is if there's a massive adoption that bitcoin is accepted anywhere and goverment has already clear rules about crypto industry as a whole.

Hopefully in the future we can say that bitcoin is not perfect but it made us rich.  ;D

I guess this is the price we have to pay if we really want freedom because true freedom means that you can do anything no matter the moral implications is, so yes in a way bitcoin isn't perfect because it doesn't have a binary outlook on moral stuff, it's a grey area kind of thing where everything is permitted. You don't have to say that bitcoin isn't flawless, people already know those stuff and reminding them about it isn't really doing anyone any favor because it's not like they can't do much about those flaws.

Nothing is perfect, man! Everything has its limitations and shortcomings although some limitations are negligible and could be managed while others are awful and if there is a chance of doing away with it, should be made to go into extinction. This is the reason why you see people that believe in the prospect of Bitcoin advocating and hoping it gains acceptance by the majority of society because the fiat currency that is controlled by a central authority and is so much regulated by the government has worse off imperfections than what you just mentioned here.

Recently in my country, the government imposed an automatic deduction of a certain amount from all account holders and you don't even have a say regarding thos decision because they could make this withdrawal from there own end before you even notice it. What do you call that? Near perfection right?

Excessive misperception. I think people who think Bitcoin is too negative didn't read the Bitcoin whitepaper written by Satoshi as the creator of BTC.

Bitcoin is a peer to peer electronic cash system. The whitepaper explains in detail starting from the introduction, transactions, timestamp server, proof-of-work, network, incentive, reclaiming disk space, simplified payment verification, combining and splitting value, privacy, calculations to the conclusion about the Bitcoin system.

I use Bitcoin for investment which is my choice. Meanwhile, for other users who want to use Bitcoin as money in transactions, it is their right. There is not a single sentence of explanation written in a number of parts of the Bitcoin whitepaper that Bitcoin is a system designed for crimes such as funding terrorist groups and for other prohibited things.

Bank transactions are not irreversible. Have you never received a refund?

A bank can revert your transactions.  They can also retain it until they verify if it is "clean" or not. They can revert and even give you a negative balance. Those things are not possible with bitcoin.

I don't think bitcoin is perfect for everything  either, however it works veery well to accomplish its goals.

Bitcoin is not perfect or flawless. It is a fact. But the advantages that the bitcoin gives are enough for me. This is already a lot, because nothing else could offer me something similar or close. This is the uniqueness of the bitcoin.

I like bitcoin  because of the new possibilities it opens up.

In fact, there are no bad tools. Just need to know how to use it. In the right hands, all the shortcomings of the bitcoin are leveled out.

I think it’s depends on the exchanger where you trade your coin. Platform like the Binance you can report any malicious transactions as long as you have the proof and every evidence of the transaction. Once you report the transaction your money will be returned to you if proven correct. The exchangers are working progress, it’s us certain that those in charge are looking for better ways to satisfy their customers. Same applies to the bank, when you make wrong transactions, they will ask you bring a police report and transaction receipt of the transaction before they can look into you case and this might take days and months before they refund your money.
  Just like every other investment, none is perfect, in everything in life there have to be advantages and disadvantages it  brings  balance to life.  It is okay not to be perfect, but with constantly evolving and growing it will be better than ever.

I think this is what makes bitcoin the proper alternative to fiat.

Basically these are emotional contexts to determine what is perfect and that is preferred because the other one is a mathematical explanation and that would prove bitcoin as perfect but few here would understand its beauty (myself excluded as well). I am a simple person and I understand the potential of bitcoin and having patiently observed it for the last few years while collecting it, I have only admired it more for its properties like censorship-resistance and decentralization.

Dont let the FUD get to you, see the charts, they speak a lot.

I don't think there's anything perfect in reality, apart from, perhaps, parts of Maths, such as perfect geometric forms like a circle, and some numbers, but even those barely count because they aren't real in a sense that things are real.
Of course, it's totally fine that everything has its upsides and downsides.
Bitcoin transactions being irreversible can be an issue when someone made a mistake, but it's also a good thing because you know that once the first confirmation went through, the money won't disappear.
As for volatility, it can be bad for retailers because it's inconvenient for pricing, but it's an opportunity for traders.

Nothing is perfect, not a single one, and to me Bitcoin works as intended, it exists to be a digital currency and also a decentralized project for those who really need decentralization, I don't see any flaws in this two utilities, so for this, I will say because is a perfect decentralized digital currency.

There are many digital currencies that can't backed the decentralized part of their projects and with the fear of the regulators and others, they lied about been decentralized in the first place and slowly move into a centralized space easily.

Nothing is indeed perfect like OP said, but Bitcoin is perfect for what its been created to fix in the world today, and I am with Bitcoin as a strong supporter because of what its fixing in the world, how is this not perfect for me?

There is nothing in the world today that's not been used in crimes before, anything that's created to safe lives or fix problems can also be used for criminal activities.

It might not be perfect, but at least is better than the current system

Someone is spitting out facts here, some true, cruel, hard-to-accept facts about BTC, and believe me, the points you have mentioned here are basically the main points that most of the governments that reject BTC use against it. The slogan has now become that it supports terrorist groups. And one other thing is that the country that talks a lot about it is the one that puts them in a position where they can have a big influence on the market and on the market's customers, like us and that country is the US.

They are the ones who have most of the BTC owned by their citizens in a country where BTC is accepted as legal tender (El Salvador).

The point is that BTC is decentralized and provides freedom of finance and freedom of speech too. And that is not acceptable to the connected world's governments or the banking sector. If people stop holding their funds in local currency in banks, then banks cannot use those funds to make further investments. Our money is not at rest in banks, while the numbers in our accounts are. They use our funds from all kinds of work, and then at the end, they have to arrange funds for us if we exceed their expectations for the withdrawals.

It is imperfect just as what the fees are right now. There are alts that have free transactions and even those are fast but will cost less. But this imperfection of Bitcoin leads to more adoption and stronger appeal to the community because that's how it should be. This imperfection only shows that despite with that, people is still choosing and it will continue to dominate the crypto market because it is what the people like.

This is right. Those that have lesser fees and quicker transactions might be better on that term. But if we're going to take a look the entire picture, Bitcoin is better than them maybe a hundred times because it's still decentralized on its nature unlike them, very centralized or semi.

That's not fair; they should not have imposed an extra tax on the holdings, which would make someone lose their holdings. Banks are the backbone of the country, and if there will be no money in them, then how can they run the country's business at a small level? But many small banks tried to play out of their league and got bankrupt due to a lack of money and big hopes and ended up losing their customers' money too.

Banks are not sincere with their customers. A few days ago, I watched a video of a local of our country who was sharing how he was scammed by the biggest bank, HBL, of our country in the case of insurance. His father had insurance for 10 years, and the money they will make you is 2x or 3x, but when the time of the claim came, they started to make claims that the manager from whom you took the advice is not here anymore, etc.

This is just the most recent one I have seen; on a daily basis, many other cases are occurring. Banks are also not perfect, which has existed for hundreds of years; how can BTC be perfect, which is not 18 years old yet?

They may not be bringing that up, because it remains as a fact to them so is to the general public. That's always been one of the main points that the governments are using to justify their stance against cryptocurrencies. Fiat is also used in these illicit purchases, though they are not really highlighting that at all. I guess, it's part of the beauty of bitcoin. You have this negative tag that follows it no matter where you go.

As for OP, no system is perfect. All has its flaws that another imperfect system might patch up. It's just the way it is. The growing demands of Man will always render a 'perfect' system obsolete or imperfect in time.

It is actually happening in many countries.  As a matter of fact, Bangladesh banned Bitcoin through different conjectures that do not hold any substance. India too was not too friendly with Bitcoin for various poor reasons, I don't know if that have changed now.  Terrorism is usually the major point they use and even form the second core basis for KYC by the CEX after money laundering.

"bitcoin is volatile.." no its not. it operates with known factors, like 2016 blocks a fortnight with (currently) 6.25 coin reward a block, halving 210,000 blocks after the last halving.. the variability tolerance is actually very low

however .. markets that use the dollar as a base exchange comparison which then affects people around the world with different living costs currency exchange rates causes the USD market to be volatile

if bitcoin was instead measured as for instance 2300 minimum wage hours, incrementing/decrementing in minutes/hours instead of dollars .. where each country can buy at their native countries minimum wage rate multiples. it would be a internationally fairer market.. the price would be more stable because each persons native living costs and thus ability to buy coin would be more equal

yes this would cause IE americans to buy on forex exchanges the currency of third world countries to then buy bitcoin, causing the FOREX market to become volatile whilst the arbitrage occurs of taking advantage of this. and we all know those in US wall street wont want their favoured FOREX to do that...
but the honest truth is bitcoin is not to blame. the USD exchange side and the controls/dominance of the USD on other countries is to blame, not bitcoin.

because bitcoin is an international asset currency it means different people with different living costs end up speculating at different prices due to the USD element.

if however you look outside the USD price and find the underlying base value no one ON THE PLANET wants to sell below. that value amount moves more stable, because its based on the most efficient cost on the planet to acquire bitcoin. not so much based on USD dominance

All things that are created not only bitcoin are not perfect and there must be updates again and again in each period as time goes by so when looking for the perfect in this world obviously there will be nothing like that.
As for bitcoin and their perfection is also not perfect but even so I don't think it's a big problem because in the end we already feel confident in what we are doing and I personally am in bitcoin not wanting perfection but as an investment that I think will be profitable if I continue to be here.
My view was proven right after a few years I got more profit than before and now I am restarting investment and waiting for my momentum to return to harvest the results of the investment I made.

Bitcoin has its own flaws that makes its disadvantages but we can only say that because we always compare bitcoin to fiat. And anything that bitcoin lacks wherein fiat has it already is considered its disadvantages. We fail to realize that bitcoin is different from fiat in nature. So we don't need to compare it from fiat because if we analyze it closely, bitcoin is way more useful and helpful for the people not just in the form of a good currency but a good and profitable investment as well.

However, it's a good thing that the people have become more open-minded these days and they come to understand bitcoin more than fiat. But I must say when it comes to the government, I can still see that they are still doubtful with bitcoin. They have always believed and came to protect fiat from whatever its anomalies being involved, but they can never accept bitcoin because they have always treated it to be a threat to their own government and to their own fiat currency.

This is such an important thing that we need to keep reminding people, its really not the point of bitcoin to be perfect, it is just "better". It is an asset and a currency, how many things are out there that you can both invest to get richer AND use it as a currency? Not many, and even if you considered just fiat, something like dollar, is bitcoin better than dollar? I believe it is much better and that is enough. Just because it is better than dollar doesn't mean that it is perfect, of course there are plenty of things that are wrong with bitcoin too, but at the very least we can say that its the best we have in our hands. That is why it is important to make sure that it is doing fine on the long run.

Nothing we ever experience in this life was ever made perfect, and same goes to the invention of Bitcoin, as it had got its own flaws "negative & positive" sides, but yet still stands out to be the very best asset currently to invest in it for the future. Because we all know that the light bulb we enjoy today, took its inventor @ Mr. Thomas Edison 999 failed experiment before finally coming up with the light bulb, and likewise who knows that's how Satoshi might gone through after series of failed project, who later ended successful.

Bank transactions arent irreversible? I dont think so.
Volatility? Its normal.
Commit crimes? Fiat had been used for a long time.
Terrorism? Same goes for fiat

I dont see these things to be flaws but rather these are issues been thrown out commonly into those someone who do hate up Bitcoin but if we do look up throughly
in regarding into its benefits not only just into its utility but also in money making opportunity then we could really be having that win-win situation.
Those issues above arent really that truly an issue, it is really just that false media on which government had been doing all this even up to this time.

They wont really be getting tired on trying to destroy the image of Bitcoin considering that it is gradually getting that kind of attention on which
government would really be that not shocking they will really be trying out to destory its image so that people wouldnt really be tending to engage out.

It is not perfect but still acceptable in the sense that people are benefiting from this despite the risk and FUDs. Besides, we don't need to look for a perfect creation because there is nothing that exists. Importantly, Bitcoin gives us the chance to earn which I see as the reason why people love it. While there are a lot of negative issues blaming Bitcoin, the more it gains attention and interest the more this project becomes more volatile and acceptable to the community. Good thing it is not perfect where there are pros and cons, otherwise we can never see things like this.

BTC tx's are irreversible, and it is a good thing for the network, it give a true sense of security and assurance than once your tx has been confirmed, there is no way it can be reversed, why would you love BTC tx's to be reversible, if that was the case BTC would just be like the many altcoins in the market and centralized services too. Take note that bank tx's can be reversed by the banks if you follow the process and complain to them why there should be a chargeback, bank tx's are not irreversible.

It's wrong that somebody said that Bitcoin is not perfect. Bitcoin is perfect in all aspects. There is nothing lacking in his own position. If you meant that I need such a thing that has nothing to stand out in it, then in the world there is nothing to be perfect except God because everything is made up of some lack of stimulus.

It is true that the Bitcoin market is highly volatile and unstable, but it is up to you to determine how your thoughts and steps towards volatility will prevent it and survive against it. You need to make yourself aware of the volatility sentiment and try to manage it before investing.


Nop, I disagree with you that somebody else believes that Bitcoin is a criminal coin or is used for illegal activities.
It's not Bitcion's fault; it's the fault of those people who use it wrongly. Why are the accused being killed? In fact, the bullet has taken the life of the servant; the killer only fired, but the bullet was supposed to kill the accused. Why the killer? So actually, those who use Bitcoin are criminals, not Bitcoin. Bitcoin is only a medium, like a bullet. If someone uses it wrongly, it is his fault, not Bitcoin.

It's really a thing.
Most times you'll see government officials talk about Bitcoin and how it promotes crimes.
In my country, if security agents ask you what you do for a living and you tell them you're a Bitcoin trader, they'll most likely treat you as a cyber-criminal.
It's something they don't understand, so they see it as a fraud.
It's funny because Bitcoin is not banned in my country, but trading Bitcoin is regarded as a scam.
And I understand them because a lot of scammers use Bitcoin trading as a front while they are carrying out their cyber crimes but that doesn't mean everybody that is involved in Bitcoin is a cyber criminal.

You can't be very sure about that, mate; it was something I experienced (https://bitcointalk.org/index.php?topic=5446164.msg61968452#msg61968452), and it almost caused me some disagreement with my client. I did a successful transaction and received a debit alert, but the client was not credited the value. Bitcoin transactions are irreversible, and the only way to be disadvantaged is when you wrongly send your assets to the wrong wallet. Even in the banking sector, you can also make mistakes and transfer money to the wrong account number, but the only solution is that you can go to the bank to rectify the issue. Knowing that Bitcoin transactions are irreversible, users should be very careful and always cross-check their wallets before making payments.


That's where the profit comes from too.

Everything you said is correct; the only difficulty is that others tend to imply that Bitcoin or other cryptocurrency is harmful and a hoax. However, they do not demonstrate or state that each country's fiat currency can be used for both evil and beneficial purposes, depending on the holder of the money.

That indicates that in order to be balanced, everything we do must have both positive and bad components. As you stated, Bitcoin may be used for both good and evil, which is correct. That is why it is up to us to determine what our purpose is and why we want to own Bitcoin or another cryptocurrency.

Yeah, it is ok for Bitcoin to be currently not perfect, what matters is the innovations, upgrades, and updates that lie ahead.  It is okay if some of the features of Bitcoin are retained but it is best if many of its features will be developed to serve users more effectively.

If Bitcoin fails to adapt to the increasing demands and technological challenges, one day we might find Bitcoin to become obsolete and just a story of the past because it is believed that in this world those that survive are the one that is able to adapt to the changes and evolve.

Nothing in this world is perfect and pleases everyone, everything has its pros and cons, just like people, no one is perfect. That's why there will be people who love or hate bitcoin, and we shouldn't be upset if someone is against bitcoin. Life is colorful and we should not impose our thoughts on others. Just like we hate fiat, hate banks but on the contrary, some people like to use them, there is nothing wrong with that as long as they are happy with their choice. Everyone has their own choice, no one is wrong if they are satisfied with what they choose.

Though this is correct, because once the transactions gets through it cannot be reverted, but there is something you can do with bank transfer to retrieve that money with the help of the bank and the recipient's cooperation.
However, for bitcoin you'll definitely leave with no option but to trace that address and ask the recipient to send back your bitcoin.
There's no form of money that is perfect btw. It can be used to bad things. Golds and any other forms of material has been used to pay criminals and terrorist long before the fiat was created.

I don't see how the statements made by the OP will be considered flaws because that is the characteristic of bitcoin—the nature of bitcoin itself. In fact, that is the beauty of bitcoin: its unique technology and characteristics that give investors opportunities. Volatile? I don't see that as a flaw. Yes, maybe from its word, but in bitcoin, it means profit potential. If there's no movement in the market, then there's no profit.

I agree with all the OPs who stated that not all things are perfect, even bitcoin. Yes, it can be subject to crimes and wrong deeds, but that is not the fault of bitcoin; the ones to blame are the people who commit the crimes.

So no matter what, I will still believe and do bitcoin stuff as long as I gain profit from it. This technology still has a lot to discover and can be applied to other technologies and daily lives.

It is not created to satisfy any individual, but rather to determine how we will accept its use. I also encountered similar prejudices from individuals, not only towards Bitcoin but also other areas of life satisfaction should be transformed into gratitude. Yes, I learned to be grateful for everything in life and to be grateful for every perspective on life from individuals, even if they oppose it. I understand the tool story that connects us and our selfgiving. The right itself represents the view of living freely, but there is no obligation to make it better.

Just like we like someone when that person doesn't meet our needs in that relationship, jealousy makes us potentially harmful to them. It's a pity that that love is just a narrow mindedness that wants to possess rather than hoping for good things to happen to them (and Bitcoin is similar).

Absolutely, like any innovation, Bitcoin has its strengths and weaknesses. It's essential to acknowledge its imperfections while highlighting its advantages. Bitcoin's transparency and security make it valuable, despite its occasional use in illicit activities. The key is to understand and address the challenges while embracing the potential for financial inclusion, decentralized finance, and borderless transactions that Bitcoin offers. As a crypto payment gateway, Coinremitter also aims to enhance the benefits of cryptocurrencies while addressing concerns through secure and user-friendly solutions.

Bitcoiners do not hate fiat or banks in themselves, and that is because you cannot avoid using fiat or banks, you use it daily; what we oppose as Bitcoiners is the censorship and permissioned nature of fiat and banks, and since there is no way for us to change that, we have to use BTC for our money that we don't to be censored, and it is important not to use centralized exchanges when doing that, if not you are still being censored and your funds could be confiscated.

Transaction irreversibility is important. This feature prevents some sorts of fraud, reflecting blockchain technology's strict ethics. However, it raises questions. What does perfect mean in the context of financial transactions? Flexibility, security, or something else?

Bitcoin's volatility is comparable to other financial markets, but its typically exaggerated. Any tradeable asset has peaks and valleys. Like the stock market, its an interaction of supply and demand driven by many factors.

If someone says that Bitcoin is used for illegal things, we should really look at the bigger picture. Human intention, not intrinsic qualities, determines the use or misuse of all tools and technologies. Why is Bitcoin often singled out? Maybe a fear of the unknown or reluctance to adopt a system beyond customary controls?

Strictly speaking, it is due to human behavior, and no property or product is created solely for illegal or criminal use.  but we also need to admit that the decentralized and anonymous nature of bitcoin makes criminals prefer bitcoin because if they use bitcoin, it will be very difficult for the government and the law to track them.  but bitcoin was created to bring privacy, creating financial freedom for everyone, not just criminals.  and crime still exists today, it's the government's fault and no one else's.

There are a lot of things that have actually flaws, even other alternative investment also involves flaws cause there's no such thing as pros without cons. Bitcoin's volatility is one of the reasons why it's not yet used as an everyday currency cause you wouldn't want to sell something valuable when Bitcoin's value is low. We were just taking advantage of its volatility by simply buying at low and then selling at its highest price. But yeah from the investor's perspective, it might not be considered a flaw since that is the reason for our profits cause volatility is actually normal.

We can't really blame Bitcoin for illegal things it has been involved in, it's just a simple tool in which you have the freedom to control your funds as well as have transactions globally by the use of digital currency which is Bitcoin. Due to its decentralization, most of the people are free to make use of it even for bad deeds. But these kind of issues we can still compare these to other things such as fiat which is also involved in this kind of thing, so there's no need to hate Bitcoin's "flaw" which is literally normal.

Not perfect because they don't have to control Bitcoin like they do in fiat currencies.
Bitcoin will not be perfect for them forever as long as Bitcoin is still present in all transaction activities. They don't want to acknowledge Bitcoin by saying various negative things, for me it doesn't matter because Bitcoin continues to be active either as currency in every transaction or as an investment asset.
The stronger they create FUD on Bitcoin, the more Bitcoin continues to gain trust.

Not only Bitcoin, everything created by humans has its own advantages and disadvantages. However, there must be a comparison between the advantages and disadvantages, the higher percentage of advantages makes Bitcoin increasingly popular in various countries.

People's interest in Bitcoin is increasing because it is considered a very promising digital business opportunity today. I admit Bitcoin is not perfect because it has several flaws. However, Bitcoin is a remedy for the imperfections of the modern financial system. The great power of Bitcoin has made people in various countries place great trust in carrying out various kinds of transactions and can be used as an investment asset.

One of the reasons why people are too afraid to use Bitcoin or even cryptocurrency is because of the impression given to us by different sources, for example in movies they are showing all of the cons using of cryptocurrency-related into illegal activities, crime, etc. with the current case scenarios people making a large amount of hacking, exploitation and etc. with the use of the bitcoin as one of their mode of payment, but in the brighter side and benefits of it they didn't seen too much just keep on negative side, this is why we know the essential and perks of using the crypto at all.

Bitcoin and other cryptocurrencies are being discussed judiciously in various countries around the world, and are starting to become more widely used in society.  Bitcoin's security, management, and exchange are discussed at various times. However, it is still a technology whose reliability and durability are not fully guaranteed. When a state comes to power they conduct all the affairs of the state according to their rules. But Bitcoin is not governed by the rules of any state, Bitcoin is free in the world. The more valuable a person is, the more criticism he gets in the society. Bitcoin is just as valuable as it gets more and more critical.  Bitcoin is moving at its own pace no matter what anyone says.

I thought the "Bitcoin is a criminal" was a very old thing and both people and governments have gone passed that thing already, but if they are still dragging it and trying to make Bitcoin look negative in this manner, I think those who believe this thing will only regret doing so in the future just like the ones who are regretting today for believing the words of mainstream media back in the day when they were making Bitcoin look bad by calling it different names one of them being "a criminal currency".

I still remember the time when people wouldn't even listen a word about Bitcoin and start talking rubbish about it just because they have heard all the negative things about it from either mainstream media or government official and even from social media influencers who doesn't even know a thing.

Who are they? I am a bitcoin investor, but I myself have not seen bitcoin as perfect, and I have not seen a great invention that is 100% perfect to the point of having no drawbacks. Everything has advantages and disadvantages, but the disadvantages of bitcoin are not too big while the advantages and benefits of bitcoin are too many. What's more important is that bitcoin provides and solves the problems we want to solve, so the disadvantages of bitcoin are nothing worth mentioning. And not everyone has the same thoughts and needs, so it's not surprising that many people don't like bitcoin. Bitcoin cannot please everyone.

Oh I thought it'd more like Bitcoin transaction fee stuff/scaling issues.


If there was better system than what is available right now, then certainly it'd have been implemented. What I believe is, human being himself is by nature imperfect, so his discoveries can't be perfect.

Indeed, the idea that Bitcoin is criminal is outdated. Blockchain's transparency often exceeds traditional banking systems, but it's a superficial label that's hard to remove. The regret you mention is true, and this stereotype shows how first impressions stick in the public consciousness. People keep the first information they get, and Bitcoin's public rehabilitation has taken a long time.

Remember, fear of the unknown is human nature. When Bitcoin first came out, no one knew what to do with it. Its no surprise worries and misinformation grew there. Major media and authorities shape images before a collective knowledge can develop. That affect might stay like a shadow after the substance changes.

However, the tide is turning. Bitcoin's resilience and adoption reject the 'criminal' label. Its becoming evident that this technology offers more than a criminal shelter. It offers financial independence, efficiency, and unprecedented global financial inclusion. Its not just about being pro-Bitcoin; its about being pro-innovation, pro-growth, and pro-freedom. Those who are delaying may regret missing out on a financial revolution.

Do they have such thoughts? I think they don't have a healthy mind about Bitcoin.

I am also an investor. Bitcoin shortcomings are covered by many advantages and benefits. Bitcoin's shortcomings may provide an opportunity for people who want to provide input into development because Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.^{[1] (https://bitcoin.org/en/)}
In my opinion, these disadvantages are included in the advantages. I also admit that everything has advantages and disadvantages.

Do they have such thoughts? I think they don't have a healthy mind about Bitcoin.

Everything has certain pros and cons and no body can ignore it and if we wants success then we will work and will accept the business with both pros and cons. Not a single business can give you pure and 100 percents ease to obtained profitable results. We should use its advantageous characteristics only and don't forget that there is always a solution to each problem always.



Bitcoin is volatile it is true but also keep in mind that because of this volatility more people are investing in it and if there is a constancy in worth then enhancing money would not be easy as it is now. You will find a way of earning that has no negative effects but actually such way of earning does not exist.

For some people it was only the imperfections, and the disadvantages is the ones that they see, making them to avoid and hate BTC. There are also people who are the complete opposite, in which they only see the benefits but disregard the downside, making them still fail later on and ended up complaining.

It is important to be balanced and not just to focus on one side only. Any currency can be used by a criminal so we shouldn't only focus in BTC but like others, there is also a solution now to combat them and that is by implementing certain regulations. This is the way that the government thinks of to continue adopting Bitcoin, and maybe some people as well because they are now feeling secured.

Okay, right. But Bitcoin is secure against manipulation or fake money. I dont mean all the scams, I mean the blockchain. If you compare it to cash, then you are better with Bitcoin in your Pocket. Gold can be manipulated in the substance of the material and if you are not pro, you might get fooled. Bitcoin forks cannot be perfect because they were copied from a perfect one?

I think now in this modern world everyone wants something good even criminals, terrorist etc and it's likely said by people that bitcoin funds terrorist and putting the blame on bitcoin rather than blaming the terrorist but we can't help so we keep defending bitcoin, I don't see any flaws about bitcoin the fact is even those terrorist knows the important and it has to do with privacy so they go for it and all this should be attributed to bad government. This is actually normal cause if we want to count investments that has flaws we should be ready to mention all investments.
I don't see any need talking about volatility in bitcoin cause  investors benefit from the volatility, without the fluctuating  price of bitcoin then we should not call it an investment, I will rather call it a store of value but the fact remains that investors take advantage of the volatility.

Illegal activities have been rampant already even before the inception of bitcoin so its obvious that even with fiat alone, committing crimes has already become a norm. But since the government  is here to protect their fiat, so the people have no right to complain about fiat. But with the existence of bitcoin that becomes a threat to fiat and its government due to its decentralization nature, the government has find a good reason to put all the blame in bitcoin.

In reality, bitcoin is just a tool and it has no capabilities to manipulate the people to do illegal activities. But with greed that has motivated the people to behave illegally, then that could be the big reason why these type of people have resort into making illicit activities because they have taken advantage on the anonymous nature of bitcoin and use it on its wrong purposes.

However, FUD against Bitcoin is very difficult to stop, we will continue to hear FUD news that vilifies Bitcoin and the most frequent is the narrative about Bitcoin being used by criminals to make transactions. as a bitcoiner, we actually need to provide clarification to people who always link bitcoin with criminal activity, bitcoin is not like that, previously fiat was a medium of exchange that was always used by criminals, even now this still continues but why are they only highlighting the misuse of bitcoin by criminals, as long as we remain strong then all types of FUD are just a passing wind.

We have moved beyond the time where we pay attention to what propaganda of Bitcoin perceived illicit usage which is in small proportion compared to the government own currencies which have been widely used by terrorists, and other barons kidnappers and the rest without any hope on sight to limit such usage of the fiat money to fund illegal deals.


So for that, we have chosen to take the government for what they are, and that is an anti-freedom of the citizens since kicking against what they can't control despite its nature of being a secure alternative.

The only perfect creation is God. Humans creation has limitations and Bitcoin is no exception. The vision was implemented accurately by Satoshi and because of the solid foundation it has remained and acquired mainstream from various individuals world wide.

When it comes to crimes. Just like gun and other tools are used to commit crime Bitcoin is not a tool used to commit crime. It is a means of payment and no transaction was  performed forcefully out of the senders will to send payment to the criminals.  >:(

For me, BTC isn't perfect, but it appeals to the band of users who find it helpful for across border payments and lower fee transactions.
The important thing is to note that BTC is money unlike any other kind of paper money out there and it depends on the choice of the user to gain more value.
It ain't physical cash, but it sure makes reasonable gain in the long run if saved up, due to its rising value and usership.

It is self-explanatory, since Bitcoin is created by a human who has a limitation, it is expected that Bitcoin will have its flaws.  Regardless, what important here is the innovation that Bitcoin brings to the table.  Bitcoin enables the trading and global participation of the unbanked and that itself is already a great feat.


Bitcoin as a tool can't do either good or bad.  It is the users that decide how they will use Bitcoin.



There will be always some individuals who want to manipulate the market in order to gain profit.  So FUD, Hype, and FOMO are always present in every market.  It will exist forever so we should be accustomed to it and should verify any information that is being leaked or announced before making a decision in trading/investment.

Even though Bitcoin is not perfect, it still helped many people who believed in what it could do in terms of financial solutions in every human life around the world to open their minds to this field of industry.

But even though they think Bitcoin is no longer good, the percentage continues to increase, making it popular and a reason for investors around the world to trust it even more. Why is that? That's because they can't prove that Bitcoin is bad in the reality that is happening now every time it comes to us.

What would be the perfect system instead of democracy? As far as I know there hasn't been any system that is fairer to the majority of people, which obviously doesn't mean democracy is perfect and there will be no misuse of power. Also why are people enjoying human rights no perfect? It's much better to have every human choose for himself than to have dictatorship where one person makes decisions for millions of people without any repercussions. Civilization always has advanced with the time and so does the financial system. I would argue that the majority of negative quotes against crytpo currencies also hold true for any other currency. For example, crimes are committed in any country on the world and in any currency. If we would remove crypto currencies all together, it doesn't mean that crime is going to stop overnight. Or what is wrong with a volatile market, looking at some other currencies or stocks we can see that there is a lot of volatility as well. If a security is being traded all around the world actively, then high volatility is going to happen during times of crisis.

Bitcoin doesn’t have to be perfect. It just needs to be good enough and it is good enough. If you need to use bitcoin, you can always do that because the network is up and running like it has been since 2009 or smth.

How do you define “perfection” anyway? To some people bitcoin isn’t perfect because it is not fully anonymous but the governments/businesses don’t like fully anonymous crypto currencies for this exact reason. Some people think btc is not perfect because it has small blocks but some people think having a decentralized network is way more important than having bit blocks.

It is always an exchange. You get something but you’ll have to give up on something else. Impossible to please everyone.

Nothing is perfect if it is man-made, as with Bitcoin. But so far, Bitcoin has been perfect for me because Bitcoin has provided many benefits for me and other people. All of us who have known Bitcoin for a long time have already benefited from that.

We can also accept that Bitcoin is not perfect. And those who think Bitcoin is imperfect will probably regret it when they see Bitcoin will become more and more popular in the future. They will not be able to follow Bitcoin's journey, especially if they still think negatively about Bitcoin.

They should try to accept Bitcoin as it is. And they can also take advantage of the benefits that Bitcoin brings to them. After they get the benefits from Bitcoin, they can judge whether Bitcoin is imperfect or whether Bitcoin is perfect after they get the benefits from Bitcoin.

You are 100% correct....

Should we stop using telephones and mobile phones because terrorists and drug dealers also use it to talk to communicate? There has not been a single technology that has not been exploited by criminals, but the Bitcoin competitors and haters are using all these criminal activities as examples to not support Bitcoin use.  ::)

Banks have a lot more problems than Bitcoin has, just look at all the flaws that exist in their technology... "Charge backs / SIM swapping / ATM kidnappings / Hacking of online Banking clients etc..."

I take Bitcoin over Banks every day of the week.  ;)

I'm gonna disagree on this one.

Democracy is definitely societal gang rape but capitalism is objectively prefect. It is neither good nor bad. Capitalism just is ...and Bitcoin itself is the closest the world has ever come to achieving actual capitalism.

Nothing created by man is perfect, it is only God creature that's perfect, most times humans argue it, the innovation called bitcoin is not perfect, that's why it experiences fluctuations, meaning price instability, is just like every day we here that the world needs peace since I was born I always hear world unity, this ain't coming, that's tell us that any intuitive by humans can ever be perfect, for example robots, robot malfunctioning has caused so many death, mainly in developed world where these robots are used to carry out different functions, the recent network high fee alone should tell us that bitcoin is not perfect, it is just an innovation that's is undergoing gradual advancement and review.

As we also said, bitcoin is not perfect, besides the advantages there are also disadvantages. Therefore, it is very normal that there will be some people who have unhealthy thoughts about bitcoin or even hate it. I think we don't need to worry about that because it has nothing to do with us and it also doesn't reduce the appeal of bitcoin. Furthermore, I think more positively, as bitcoin becomes more popular and widely accepted, one day people who hate bitcoin will use it. But at that time, they had to buy at a higher price than now and they deserved it.

Comparing Bitcoin's shortcomings to many things is not the best way to invite people to accept Bitcoin, especially when you bring up democracy and capitalism, which makes it even less sensible.

Accept Bitcoin as a simple digital asset... there's no need to overcomplicate it to get the attention of many. Just prove that Bitcoin is good for privacy or that it adopts the best blockchain technology, and that's promising enough for those who understand technology. Looking for solutions to Bitcoin's shortcomings isn't a promising approach. Instead, we can accept those shortcomings as part of the package.

As of now, I still hold Bitcoin because it represents freedom to me. Like a young, free, spirited, and up to date .

Bitcoin's perfection - or lack thereof - is intriguing. However, 'perfection' is subjective, especially in financial instruments. Bitcoin's value is defying norms and changing currency value, not perfection. Bitcoin's flaws are often criticized due to ignorance or fear. Missing the forest for the trees. Bitcoin's volatility, decentralization, and developing technology are its strengths. These are traits that challenge financial system status quo, not weaknesses.

Sceptical and cautious observers are missing a fundamental shift in value and exchange perception. Bitcoin represents a movement toward financial democratization and against centralized authority. Not seeing Bitcoin's influence beyond profit and loss will be regrettable. The evolution of Bitcoin is about financial sovereignty, not just price appreciation.

To begin with there is no such thing as perfection as if we were to ask people about what their perfect currency will look like we will find conflicting answers, bitcoin has a set of characteristics that makes it especially suitable for the objectives Satoshi wanted to accomplish, however since governments and banks have other objectives on mind, it should be obvious they find flaws in bitcoin for what they want to achieve, and they want to regulate it so people have to comply with their rules.

  Nothing is perfect in anything, so whether it is perfect or not, the important thing is that Bitcoin has helped a lot of people during its 14 years of existence in this industry field.

  Doubts about Bitcoin will not go away, and this is normal in my opinion, because the more negative that is said heropinionsure, it is impossible that there is no positive that is also given to anyone who trusts and believes in Bitcoin as well.

It’s not just about it being a very flawed and at times clunky invention, it’s about how so many people puts bitcoin at its extremes without understanding how it actually could ruin the reputation of this cryptocurrency. We see people on one end of the spectrum, fanaticizing bitcoin, acting as if it’s the second coming of Jesus Christ when it has been nothing but a good store of value and a payment/remittance system for millions of people. This paints the impression that bitcoin is great and there’s no downsides to it, which fools unwitting newbies into investing despite the risks and drawbacks.

On the other hand we see people supposing bitcoin as yet another ponzi scheme whwn it has proven itself time and time again that it was not. They spread FUD and negativity all cause they couldn’t land a sweet deal in the crypto world lol. These types of people are those that really affect bitcoin for the worst in my opinion. Not thebhigh fees, not the inherent flaws that come with this currency, not anything.

I think the important thing to remember is that Rome wasn’t built over night. We all know this saying. This certainly applies to anything out there , as great things most often take time to iron out, so to speak. The great thing about Bitcoin and its blockchain is that they are programmable, therefore they will forever be made better, more up to date, etc.

You will find not only positive side of anything but also negative side of everything. We use mobile phones but these mobile phones are harmful to us and our environment but still we use these mobile phones for the good aspects of mobile phones. If we try to find the negative side and positive side of Bitcoin, then I think that the positive side will be much more than the negative side of Bitcoin, so we have to use Bitcoin carefully by thinking about the negative side. Not everything is positive for you, some things have to be positive. If you start thinking negatively about something before using it, then you will never be able to use that thing properly. Acknowledging that there are some negatives, you have to give more weight to the positives, only then will you feel more comfortable using the item.

It depends on who. What is not perfect to you may be perfect to someone else. Irreversibility can be a feature, you may not see this until you can relate how it favored you.

Exactly! I do not see why you mention this too because it isn't tied to Bitcoin. As you said, these evil acts existed before the creation of Bitcoin, hence it isn't about Bitcoin but about us humans. And considering that anyone can use Bitcoin, we expect that different people with different opinions and intentions will use it differently, like anyone can use a penknife for good or for bad.

In my account, if I want to send money to an account I've never sent money to before my bank will give me a pop-up message telling me to make sure the details are correct because the transaction cannot be reversed.
I've only ever received a refund when there was a failed transaction. If I make a transfer and the beneficiary account didn't receive the money sent, but I was debited then I can receive a refund, but once that money has been successfully transferred to the beneficiary account you can't get a refund.

I don't know how things are where you're from but where I'm from if you mistakingly send money to the wrong account, you can't get it back unless the owner of the account transfers it back. I have not heard of any case where somebody reports this kind of case to the bank and the bank just withdraws the money and sends it back without the consent of the owner of the account.
Most times people return these kinds of money because they'll be easy to track since the bank has all your information.


If a thing was perfect then it would be perfect for everybody and in all areas. It would have no disadvantages or weaknesses of any form. It is based on this that I say there is nothing that is completely perfect in this life.

The question is where are those people now that have thrown rubbish words to bitcoin? Aren't they surprised why bitcoin has flourished more and become more hyped despite of their negative criticism? This just proves that not all people say against bitcoin are certainly true and correct. The reason why we should not easily believe on whatever people say, otherwise we should learn to validate them through doing personal research.

Bitcoin may has its own flaws and so is fiat and the rest of people's innovations, but for bitcoin who is known for high volatility and decentralized, I don't think we should consider them as barriers but definitely the greatest factors of bitcoin that made it unique from other currency and the reasons why bitcoin has reached its current place and position despite of its flaws.

That much time has actually been enough for everyone to see the evidence clearly on Bitcoin, which means there is no longer any need to doubt it because there are many people who have experienced extraordinary profits through Bitcoin from time to time. And the people who are still skeptical about Bitcoin are the ones who will ultimately regret having had an opportunity that they didn't take advantage of for themselves. So just forget about people like that now.

Yes bitcoin also has advantages and disadvantages but that doesn't mean it is not perfect. It transactions are irreversible because it is a decentralized cryptocurrency blockchain nobody control but if the recipient is a good person and you discuss with him or her, you the coins can be send back to you therefore it has been reversed .

The volatile and unstable Market price make bitcoin more interesting because when the price is low anybody who has money at that time can buy it and hodle it for the next bull market.

Remove that particular clause that says "bitcoin is used for crime". Bitcoin is a newbie in the world and crime has been on this Earth centuries before even bitcoin come to this world so bitcoin has nothing to do with crime. It is crime that comes to it and not bitcoin that looks for crime. People use it to commit crime and that doesn't mean bitcoin is a crime invention.

I only like democracy and not capitalism. I am not a pro capitalist but a strong believer of socialism. And I might only adopt the mix economic system. Yes I agree with you on the saying that, the flaws of bitcoin is not it weak point either they are making it more stronger.

I don't know about other countries pooya87, but I know about my country. The explanation from the central bank is Bitcoin and all other cryptocurrency are banned here because criminals use these currencies for money laundering and their crimes. The government agrees with the central bank and there is no one who can explain to them the good side of Bitcoin.

There is one minister who thinks it's just a currency nothing else. If someone wants to do money loundering, they can still do it by using skrill, Payoneer, or perfect money which is available here. The problem is, all most everyone in the government is outdated people (Old age).

I think the government is only reading the negative implications of a part of society that doesn't yet understand this technology and what is most felt is that the use of cash and its circulation is decreasing rapidly and a lot. Why is this because the creator of BTC does not want to submit to financial institutions that like policy monopolies and centralized governments that try to control all aspects of their money supply. I think they just limit the market. But, whether they like it or not, many people want to be exposed to bitcoin.

It's not like they don't know about the positivity of Bitcoin. They just pretend like there is no good or positive side to Bitcoin. But we all know why they don't want to legalize Bitcoin. They are scared of Bitcoin. They know they will lose revenue if they approve Bitcoin as legal tender. People will use Bitcoin freely and the government won't make any money from Bitcoin use.

As long as they have the authority to legalize anything and declare anything illegal. So, why miss the opportunity to make some money from people's transactions? They are unlikely to legalize Bitcoin until people pressure them about it.

The government understands bitcoin better than we do and that's why they don't want to accept it. It's naive to see them ban or dislike bitcoin, meaning they have no knowledge about it. If they don't have knowledge about it then how will they know that it will harm them more than it will benefit them? The government is not as stupid as we think, if they were stupid they would not become our leaders. Furthermore, I think they are the ones spreading negative things about bitcoin, not anyone else.

This is the lamest excuse the authorities and governments make when they want to ban or stop Bitcoin from spreading within the country because they know if that happens, they are slowly going to lose control over their people, their finances, and financial activities and they can't afford to let that happen. When they say that Bitcoin and cryptocurrencies are used by criminals to fund their crimes, they ignore the fact that criminals have been using fiat currencies for centuries for the same thing, but we never saw anyone saying that fiat currencies should be banned for this because they know it's them who are in total control of the money.

If they say that Bitcoin and cryptocurrencies are not traceable and that is the reason why they are against them and think they are easily usable for criminals, even cash that is used by criminals doesn't leave any traces for them to catch the criminals, if a criminal is using a specific currency for any crime, the money is then mixed in the economy and they can't find the criminals based on that.

There are not too many countries in the world that ban bitcoin anymore, most of them are starting to have a more positive view of bitcoin. So I think we should stop paying attention to what governments that are still hostile to bitcoin say about it. Sooner or later those countries will have to change their views on bitcoin if they don't want to fall behind the world. I'm still living in a country where bitcoin is still illegal but I'm optimistic about its future in my country. No country can stop the development of bitcoin unless they want to completely separate themselves from the rest of the world.

As I said in my previous post, it's not like they don't know the positivity of Bitcoin. They know it but they don't want to give the chance to their people to use it so they don't miss any profit. If you notice, Bitcoin is banned mostly in corrupt countries. My country is one of the most corrupt countries and Bitcoin is still banned here.

Most government employees are old aged and they don't understand the tech well. They don't know how it works. So asking them to legalize Bitcoin is absurd at this moment.

That's right, and you're right; that's all other governments can do because they don't have the ability to control Bitcoin, so in return, they will talk negatively about Bitcoin.

But no matter what negative things they say about Bitcoin, its popularity continues to rise, which shows that many people really believe in Bitcoin in the reality that is happening now in the field of this business industry.

You spoke well in the respect of Bitcoin function by comparing it to others source of financial sector transaction, especially local bank transaction from one account to another without irreversible after sending the funds, which is absolutely applicable to Bitcoin been creation as a simple means of digital currency assets which is highly demanded in the global market.

Yes, there are definitely positive and negative sides to Bitcoin, and apart from Bitcoin, there are definitely positive and negative sides, for example vehicles or factories also definitely have positive and negative sides because they usually cause bad pollution as well as other businesses. The point is that nothing in this world is the name does not contain positive and negative sides. but what is clear and my personal experience is of course I feel the positive side of bitcoin because with bitcoin my economy has become more advanced and because of bitcoin I can get to know this fun forum, and in this case of course we have to accept reality and enjoy life, make life happy and always think positively.

This is happening because despite all the lies they like to spread about bitcoin people are deciding to give it a chance and they are finding it to be useful for their goals, something that we should not find too surprising, as with the economy in some countries presenting a high level of inflation and unemployment it is natural for those people to look for alternatives which will help them to somehow deal with such a difficult environment.

To many negative words spread by those people who didn't believe on bitcoin or have bad motive because they have other something to promote but none of them succeed since bitcoin still been supported by majority and even if we see some flaws like high fees when there's a problem on the network still people find it normal event happening. That's why any entities that want to destroy bitcoin will not succeed since people already know that bitcoin is not really perfect but already show some positive result that's why many people still believe the strength of this coin.

If they keep their hate on this coin and to many good events will happen like legal adoption also more bull run for sure those people will miss a lot of opportunity that they might regret later on.

I don't know the details but if for some reason you make a wrong wire transfer the bank should be able to get the money back. And if you receive some money that you were not supposed to receive and you decide to simply keep it/spend it then you are going to be in some serious troubles. With bitcoin none of this happens and I never know whether consider it something good or bad.

I want to correct your statement, bank transactions are reversible and it's simply possible with a single click from the banking side and the common term we see is chargeback. Whereas in Bitcoin the transactions are impossible to reverse and the difficulty becomes higher and higher along with number of confirmations so how can you say it as bad thing?

But it's not easy for you to convince the bank to help you get your money back once you've sent it. If it's just a small amount, you won't have a chance to get your money back after transferring it to someone else. If it is a large amount of money, you will certainly have to present a lot of evidence and ask the police to intervene and you will spend a lot of time waiting for the bank to process it. In general, I think getting your money back in a banking transaction is not simple if the error is on the user's side.

Its like seeing the glass half full, right? Transaction irreversibility is unique. Sure, its decentralized, but like you said, if the other person's cool, they might just send your coins back. Its a trust thing, more about people than the tech itself. The market's fluctuations? Your point is clear. Some appreciate an exciting rollercoaster. Buy cheap, hold, and hope for a bull market; a risky but potentially profitable strategy.

 Its not Bitcoin's fault it gets into crime stuff. Bitcoin is a tool, and people utilize it. Democracy vs. capitalism is a complex debate. You favor socialism, which is good. It may benefit by mixing elements of various systems. Maybe maintains balance? I agree on Bitcoin's problems. Sometimes, what doesnt break you strengthens you. These faults could make Bitcoin stronger over time. We must adapt and evolve with it.

Bitcoin has the least volatility in all the cryptocurrency except stable coins such as USDT, USDC, BUSD, and etc. But if you compare Bitcoin to forex market we can say that Bitcoin is so volatile especially if you used to trade forex for a long time. Aside from that, most trading pairs in forex market are fiat which is stable, that's why they used "lots" to earn huge profit even with a small movement of the price.

Wise words!
Nothing in life is perfect. Perfection is beyond humanity, Soo no one should expect it from human inventions.

Every form of investment is risky, so it is not just peculiar to Bitcoin. There are so many persons who have lost huge sum of money in forex, stocks and other forms of commodity trading.
So, it is quite laughable that some people will be bad mouthing Bitcoin and claim that it is too volatile.

I mean there are levels to that, you are capable of doing it if you want to, like chargebacks, but it is not that easy. The ability to chargeback a charge on your credit card and trying to reverse a wire transfer is not the same, there are difficulty differences. In one case it could be done, and in another it might be an issue.

I believe that we need to make sure that it is not a wrong transfer, we need to be aware of what we are doing and we need to take care of the parts that we have. Otherwise, we are going to end up with a trouble and we should try to avoid that. If we make a wrong move in crypto, there is no way to reverse that, it's gone, but it's not that easy like a click of a button in fiat neither, so we should still be careful.

But we can still have chances in life to get to the right track, every chance in our life is yet another opportunity in which we can achieve something and mostly people did but some of them just lost the track and thus they fail, even though they are not failed but they think they are going down. Although achieving success requires struggle which needs time to understand.



Even the entire crypto is risky in a sense I must confess because I have never seen a person in the crypto industry who is happy from even a single coin, every person has a problem with a coin which give him loss even. That is just the thinking of different traders, we should only think on our side and decide for ourselves how to manage even when we are in loss.

I highly think that this is the only argument that the government that can think of. With all the advantages and benefits that one can gain from just earning BTC, people may still find a way to focus on its negative aspect and make it like a non-negotiable thing with them.

I just find it really funny whenever I read posts arguing that BTC should be avoided because it is a "tool for terrorism" due to its anonymity factor. I mean, anything an be a tool for terrorism; even money or fiat can be used by these people for illegal and illicit activities.

In this world nothing is perfect and so Bitcoin. But still it is a king and can rule all crypto. It is a future and many people use it for greater good. I made of my little life because of crypto. And those people who can understand will rule and that's good and in near future Bitcoin might cross 1 million dollars.

Those in control and power barely care about the rest of the world, all they care about is themselves and how much control and power they have that they can't afford to lose and they find Bitcoin to be a threat to that. They know that if Bitcoin is adopted by everyone within the country, their currency won't have the same value for everyone and people will also start using Bitcoin more than traditional payment methods or payment storages such as banks.

So, I do hope that countries that are against Bitcoin change their views regarding it and start supporting it in the future because that will be better for them and their country, but I doubt some of them will ever do that unless the people in control change and new government officials are appointed who are more open to such things and opportunities.

Nothing about this life is perfect, everything is under being managed and we try to adapt to how they are, we work on what we want in other to bring their perfection out, if we can have something like bitcoin to serve us in our financial daily lives, we have nothing than to embrace the rare opportunity it offers because that's what we have and none is available than bitcoin, any other choice are counterfeit, we are making the best and desired expectations with it.

Please don't speculate too much , there's nothing wrong with being optimistic about the development of Bitcoin, but we also have to be realistic about current conditions. We have heard many statements like this and even realistically the crypto market is still very small compared to the gold market. It is true that gold also has shortcomings, but these shortcomings have been accepted for a long time. And now Bitcoin has not been accepted globally even though it started from El Salvador.

Instead of thinking about 1 million USD for the price of 1 BTC, I'd better focus on some important decisions such as the Bitcoin ETF and the upcoming halving. And soon it will be the Christmas season, I think I saw something surprising when Christmas arrives.

And instead of focusing on Bitcoin's shortcomings, wouldn't it be better to just empower Bitcoin's advantages so that the wider community can learn about Bitcoin without having to think negatively first.

Apart from what you have mentioned, if you believe that the main source of profit here is in the trading activity that we can do in Cex and DEX, you should know and be aware of what can happen, and of course, the losses. That's normal; it's not possible that you don't experience losses; that's why you're called traders.

That's why it's essential in trading that you really have knowledge so that you have an idea where to go to make possible the direction you're doing trading activity here in crypto trading skills called.

For a long time, I have not seen the government calling bitcoin a terrorist tool in mainstream newspapers. But I still see some people here continuing to spread this, I see that it is we who are spreading these negative arguments, not the government. It's true that they once considered bitcoin a terrorist tool, but things have changed. If they still consider it linked to terrorism, why have more governments started accepting it? We should stop spreading these negative arguments because the world is gradually becoming more positive about bitcoin.

Whatever is created by humans will certainly never be perfect, but we look for something better than many shortcomings. Bitcoin provides freedom and bitcoin can make someone more productive in generating profits if invested correctly. There are many advantages in Bitcoin and there are also disadvantages so that we can verify it ourselves because that is where caution is needed for users.

Have you never used bank products because they can also return your funds? I remember several cases that have occurred where bank customers sent money to online purchasing services but because the goods never arrived, the victim reported it to the bank and the perpetrator's bank account was frozen. But in many cases banks don't want to do that for privacy reasons to protect the customer's identity, even though it is clearly a fraud.

What you need to do is check the transfer fees when you move your money and calculate whether they are still worth it because The integrity of the underlying Bitcoin network is not affected, but they still contribute to the decline of public trust in the currency whether in the forex market and other exchange markets.

It is true that nothing is perfect in this life and every thing that has advantages of course also has disadvantages in other respects, being able to have Bitcoin will certainly be very helpful in fulfilling our lives and also if we can invest or trade of course we will be able to earn The benefits of these two things, when we can feel the benefits of Bitcoin, it will be very difficult for us to believe in anything else because the benefits we get from Bitcoin are enough to help meet our needs.

Fire can take a life and we use it for making food and other good things, water can take life too and we drink it for health benefits, guns are good for protection and hunting yet it's capable of taking lives, I think the problem is the user, and in generally everything good can be use for bad things, I can remember a woman using a glass cup to break and cut his husband neck in the neighborhood, we use that for drinking water and tea.

If Bitcoin doesn't exists today people will use Fiat to fund their illegal activities, and even till today, smart crime lords prefer Fiat than anything else because they can easily get away with it than using the block chain, lack of knowledge is why criminals will prefer to use Bitcoin for anything because it can be trace back to them.

Bitcoin is not perfect and we don't need it to be perfect, I can see many people complaint about it's transaction fee, well I am affected as well, I can't send my BTC to any exchange and I will have to wait till the amount I want to send is worth the transaction fee.

I think Bitcoin will act as an economic force for the people of the world.
Bitcoin's separate satellite could make Bitcoin stronger.

Yea. Even in secular and conventional trading, traders often times lose money, also they make profits.
So also in crypto trading, some times you make gains sometimes it could be a lose.

But the bottom line is that your gains should out number your loses. If your gains are more in numbers and volume than your loses, then you will be alright, if not, then there's a serious problem.

Understand that your gains in crypto is someone else's lose. So you don't expect everyone to be happy with a coin. While some bought very early, some bought at all time high, and you won't expect those who bought late to be happy when the coin starts to dip, because definitely they will be at a lost.

Bitcoin is not perfect and we can make it better! 150sats for transfer, what a shame lol

For those Bitcoin haters, it will be a reason not to use Bitcoin.
Even though Bitcoin does not always experience network congestion, it is only because of the effect of Ordinal BRC20 that the network has many transaction queues.
I was even stuck on the network for more than 20 hours.

But, seeing how Bitcoin performs, what coin can match Bitcoin?
It all depends on how Bitcoin moves and if they say their network fees (other than Bitcoin) are cheaper, then see how bitcoin impacts when Bitcoin starts to leave them or when Bitcoin crashes, of course, Altcoin will crash heavily.

Bitcoin will continue to grow and that's for sure.
To get cheaper fees, you can use the Lightning Network and that is the current solution.
But as long as the Main Bitcoin Network remains stable, the cost is still quite cheap and it is worth it with how Bitcoin develops and provides benefits.

Bitcoin, like fire, water, or any other tool, shows what its owner wants it to do. Criminals opting for Bitcoin due to ignorance? Haha. They're making a digital confession without meaning to. The fact that Bitcoin can be tracked is both good and bad.

Also, lets not fool ourselves: Bitcoin has some problems. Why are transaction fees so high? A real pain, especially when moving small amounts of money. The interesting thing is that Bitcoin's flaws dont change its value, just like a diamond's flaws dont change its value.

What if we start to see Bitcoin's high fees as a filter that separates small transactions from big ones? Or even better, as a spark for new ideas in how transaction fees are handled? Its about changing and adjusting. Rather than just a currency, Bitcoin is a big change in how we think about and use money. Is it perfect? Its not needed. Making progress? Of course. Lets not just complain; Its not just about Bitcoin; its about how money will work in the future. But thats where the real fun is, my friend!

Not only are transaction fees high, if comparing transaction speeds, bitcoin seems slower than other altcoins and other disadvantages. But that doesn't mean bitcoin isn't worth using and investing in. Because nothing in this world is perfect, everything has pros and cons. Bitcoin is slow, transaction fees are high, but in return it gives us privacy and safety with its decentralized nature. Meanwhile, no altcoin can provide those things and more, what we need is decentralization.

To be honest, high transaction fees sometimes affect me but I can wait for better fees, but once my privacy is lost, I will never get it back. So even though bitcoin is not perfect, I would still choose bitcoin over altcoins.

Everything can always get better. There's always room for improvement in every innovation and Bitcoin will definitely grow. These are part of the reasons why I say it's not perfect. Besides, this is not a permanent issue, it will normalize with time.

The needs if are going against censorship and being decentralized then of course bitcoin is the best way to go instead of any other shitcoin. But you need both fiat and crypto to survive in the world where fiat came first and has become a part of people's lives.

So many coins have come trying to replicate what bitcoin has done but none of them have surpassed it. Even then we could cherry pick and say that bitcoin is having flaws and all, but I think they are manageable and none of them are life-threatening/too serious.

Like currently the fees are too high, this leads to FUD topics coming up and all. Just ignore them and wait it out.

Bitcoin trading ,mining and stalking is a good business and positive activity. It depend upon the user how he is using it negatively or positively. Althoug, Bicoin is not perfect and there is nothing perfect in this world. Everything and man۔There is room for improvement in every human being and everything in the universe. Only God is perfect. But I think that bitcoin is a very good business. There always remained desire for betterment and development in bitcoin. But it has good potential  and excellent force of progress in this business.

I prefer decentralization over centralization, there are many ways banks can reverse transaction and that is a big concern which is why I love bitcoin. It can never be reversed, not even a president of any country can oder for such thing, the highest they can do is to flag the receiving wallet address. However, banks can do whatever they like with any transaction, even the government can other banks to confiscate your money if they like which is very bad.


Terrorism started not today because Osama Bin laden started war with  US since 1996 and where was he having guns and bombs from, the money came from fiat, bitcoin was never conceive that time and terrorism was everywhere but bitcoin that was born in 2009 is now there problem. I'm not sure if there has ever been terrorism like before than now that we much technology. Bitcoin is money and money attract bad people, including the US government because they also have bitcoin.


The government knows what they are doing and even the people know that democracy is a scam but how many of us are ready to change the democracy to another form of government without forming a parallel government. It will be difficult but it is possible.

Bitcoin is not meant to change all this but if it happens, it will clear things including the people that don't like it will like bitcoin, time will tell for sure.

Yes, no. I used to think that Bitcoin was a perfect thing that was perfect in all components, but now, due to some reasons, I am forced to think that there are actually some reasons that can reduce Bitcoin in the eyes of people and that there is a problem with fees. And when I monitor, there is a lack of concept in Bitcoin due to fees, and this is a big sensitive issue for Bitcoin enthusiasm, but this issue can present a hurdle to Bitcoin adoption in the world. Moreover, two weeks have passed since my signature payment, but the manager has not sent us his payment because of the fee. Which I think could be a big issue for Bitcoin.

The fees problem was why SegWit and Lightning Network was conceived. You can start by reading about how the LN works and gradually start using it, although we have a lot of anti-LN voice in this forum too. Whether it can reduce the enthusiasm? I dont think so, because the fees are usually high when the price is rising and that increases enthusiasm as well. It was low when the market was bearish so fans should have bought at that time. Hence someone buying when the fees are high is also making a wrong move.

Another option is to use a different altcoin to tide over the high fees temporarily. In future we might get new features from the devs to solve this problem.

Managers will decide how to solve this issue at present. Some have used LTC as payment if LN of BTC is not used by the participants.

Well, nothing made my man is completely perfect, and since bitcoin is also one of such man's creation, so it's bound to not be perfect, and I agree sincerely that, the fees is a big issue, it indeed can act as a stumbling block to bitcoin's global adoption, but the beauty of blockchain, which also is a great help for bitcoin, is that, we all don't have to only depend on bitcoin payments alone, anybody can still take any other altcoin as payment for his or her goods or services in times when the bitcoin fees are too high, atleast, using alternatives in times like this will also help decongest the mempool and help the fees come back down.

And also worthy of mention is that, the high fees are not permanent, it goes up or comes down, depending on the activity on the bitcoin. network.