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Here the reason why I hate Bitcoin
1.Extreme volatility
Investing in cryptocurrencies involves very high risk, as prices have been extremely volatile
2.Neither commodity, nor currency
The lack of clarity about its origin is another big issue related to bitcoin.
3.Don’t invest if you don’t understand
Some global bankers and experts have warned investors against investing in cryptocurrencies, because they are of the opinion that it is nothing but a bubble that is just about ready to burst
4.An unregulated space
Unlike other investment avenues, cryptocurrencies are not regulated by government entities or banks.
5.The issue of legality
One major hurdle in the path of Indian investors who are interested in investing in cryptocurrency, is the confusion about its legal status
6.Ponzi schemes abound
Aside from the operational issues of trading in cryptocurrencies, there is also a high risk of fraud.
7.Prone to illegal activity
Due to the lack of government control, terrorists and extortionists are also utilising the cryptocurrency space to their advantage.
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