Latest posts of: Kodok Bencot

#PROOF OF REGISTRATION
Forum Username: Kodok Bencot
Forum Profile Link: https://twitter.com/kodok_bencot
Telegram Username: @Kamaroney
UNW Wallet Address: UVmgWhFEXdQjspP6qzm6RM3WR7jUJ5d4TS

Quote from: cheezcarls on October 10, 2021, 11:42:00 AM

The reason that I’ve missed Bitcoin is because of skepticism and listening to the negative opinions of others that it’s nothing but a scam and hype. This is why I have regretted until now in not buying some BTCs while I could still afford even if I am struggling off my finances that time.

The same as what I experienced, I got to know bitcoin in 2015 and at that time I believed more in negative news from various sources so I didn't invest or earn bitcoin from various sources which at that time were easy to earn bitcoin.

The value of bitcoin continues to increase so seeing balances and price increases is very pleasant, although sometimes prices drop but I am always optimistic and patient that bitcoin investment is the most profitable type of investment. I will make bitcoin for long term investment at least 2 years from now.

Bitcoin with a private key consisting of 52 characters is very difficult to remember, I wrote a private key in the agenda book which contains a lot of information about accounts payable so that if I die someone will find my bitcoin, bitcoin is a digital asset that we must provide various information to family members we trust.

Quote from: Kimberl2020 on August 11, 2021, 06:53:59 AM

There are five risks in the use of Bitcoin:

The risk of Money laundering
Bitcoin has the characteristics of anonymity and freedom from geographical restrictions. The flow of funds is difficult to monitor, and it will be very easy to circumvent government supervision, making it easy for criminals to conceal the source and direction of their funds, which provides convenience for money laundering, terrorist financing and evasion of sanctions .

They buy other people’s bitcoins through the exchange platform, and then bring the bitcoins to other platforms or their own wallets. Through multiple transfers, the tracking path is difficult or directly impossible to trace, and then through overseas trading platforms or black markets or directly Commodities purchased overseas are exchanged for foreign currency to complete a series of acts such as money laundering.

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For money laundering points then I don't agree, if people save money in bitcoin with due to money laundering then he will take a big risk, as we know that bitcoin is a volatile investment so it is too risky to save money because it can drop tens of percent in a day.