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If I am told to choose Bitcoin or Litecoin, I prefer Litcoin, in terms of ease, Litecoin is in my opinion superior because its mining does not require super-strong technology, its transactions are faster, and its supply level is almost 4 times larger than Bitcoin. However, if I plan to use crypto currency as a medium of exchange in the transaction process, then Litecoin is a better option. But if I want to make digital currency a long-term investment asset, then Bitcoin is more reliable.
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I apologize for my mistake, but in this case I include it from the news and articles that I have read before, of course in my own country, all news about the negative issue of Bitcoin explains that most articles say Bitcoin prices are getting lower due the existence of things like that, actually I also didn't believe that before, but news / articles often display negative things about the price of Bitcoin.
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none of what you said makes any sense!
you say "many negative issues about bitcoin" then only talk about two things that are not "negative issues". one is price volatility and the other is some people scamming others!
the volatility is because of the smaller nature of the bitcoin market and the fact that it is still growing by the millions at a time each time there is a rise.
and the scams are happening like anywhere else in the world since money is involved and bitcoin is a currency like any other currency.
bitcoin price will not be affected by these.
I hear a lot of news about Bitcoin in my country, and many articles say that negative issues like the crime in Bitcoin like phishing crimes, scammers, fake websites that cause the price of Bitcoin decreases, I always look and read news / articles explaining about the development of Bitcoin, and most say that those issues are related to the Bitcoin price, so I ask if this is true? is it true that the price of Bitcoin declines because of such issues? |
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I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
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My answer still depends on the price of the request (the person who buys) and the price of the offer (the person who sells it). In the practical language is supply and demand. Example:
If (A) wants to sell oranges for $ 3 and (B) only pay $ 2 then the deal does not happen. But if (A) and (B) agree to a certain price, for example $ 2.5, then the deal occurs and the transaction takes place. In addition, there are also several reasons that led to the formation of prices. In determining the price of oranges, the context and the market environment will also affect the price.
1. In the summer, more people want to buy oranges, so the price of oranges will rise.
2. When natural disasters such as floods occur so that the supply of oranges decreases, more and more people have difficulty buying oranges so the price of oranges will also rise.
3. Citrus prices are also influenced by size, sweetness and so on.
In principle the determination of Bitcoin prices is the same as determining the price of oranges. There must be a deal between the bid price (the price of the people who sell Bitcoin) and the asking price (the person who bought Bitcoin). The difference is, Bitcoin and digital currencies are homogeneous. This means one Bitcoin is identical to the other Bitcoin.
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Factors that affect the bitcoin investment one of them because ...
1. Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
2. Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
3. Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
My advice is, be careful if you want to invest in Bitcoin, before that I expect to learn it first, in order to avoid things that are not desirable.
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I made this post because I want to warn again for the beginners, I know all the rules have been set and have been written in such a way, but I post this post because it covers from my own experience about banned permanently bitcointalk account, therefore I inform again in order not to do things like the above. Thank you also for your participation on my post, may be useful. |
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I've read it before, thanks for the information, I just took some aspects, to warn them (beginners) to stay away from things that are not desirable, because I also made mistakes, so I do this to tell the beginners to comply with the rules set by the forum, so that nothing like this happens in the future. |
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Hello all friends.
A little explanation of the Bitcointalk Account you use, be careful if you want to post a topic if you do not want to get BANNED, this has been explained by many other friends, a lot of friends affected by BANNED without their knowledge and why the account Bitcointalk they get BANNED, because they do not get used to read the rules set by Bitcoin Forum, and never ever use MULTIACCOUNT because it is also very dangerous your account.
If you want to avoid your account from BANNED, then you are required to ...
- Avoid making unreasonable post or off topic, get used to read OP title first.
- Stay away from negative / abusive words, because such things are potentially to be removed.
- Forbidden to paste inappropriate images in the post.
- Prohibited for SPAMMING with any link referral code.
- It is forbidden to make a discussion about creating, searching, starting an illegal trading website.
- Do not create quote pyramid posts, do not always quote the entire conversation if your post responds only to the last quote.
- Threads should be informative. In other words, a thread should not be about something 'useless' or uninteresting.
- Do not create a thread that would be disturbing. It is not allowed to create a thread about the same thing in the same time period, and each individual should not create too many threads. "Too much" depends on the quality of the thread itself.
- Do not ask / share anything about carding, phishing, and. Example: posting another person's credit card number, or asking how to phishing. When violated: BANNED.
From the above, there are many more rules that you must obey, my suggestion to stay away from negative things if you want your account to be safe, and use polite words against other friends if you want to post forum, thanks.
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Thank for the post. Because of the first time i do many airdrop so now my telegram have many trash group. If we aren't careful, we may be scam
Thanks again for your compliments, my message for you to be careful before doing anything, because not only in telegram, but there are still many ways for scammers to harm people. |
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Usually the scammers commit their crimes in telegram using a way by masquerading as important people like an admin or the other, so they can persuade us to believe that he is indeed an admin, and they will look for a reason that will persuade us to pay a money such as: they will persuade us that our tokens will not be taken unless we pay some money.
I do not know what else is the reason for them, that's all I know from telegram scammers, maybe there are many more ways to take our bitcoin in a rough way.
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Those scammers are the biggest problem in cryptocurrency industry. We have to be informative and knowledgable how it works to avoid being a victim of scam. This information you provided wilk be helpful specially for us newbies. Thanks!
Thanks to your participation and your praise, what you say is true, scammers are a matter to watch out for in the crypto world, it would be very harmful if someone holds bitcoin and does not understand the negative effects of bitcoin, my advice to all to learn first before entering this crypto world before things go wrong. |
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Yes, even if they have failed to do it too will do another way to get our bitcoin, I feel sorry for people who do not know scammers, would be very harmful if this is still ongoing.
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Discuss about bitcoin and cryptocurrency. For me, this is an interesting topic because bitcoin issues are often the talk, including confusion in many quarters. What is cryptocurrency? What is bitcoin? How does the regulator respond to the development of the current crypto currency? And how is the bitcoin phenomenon going forward?
In its purest form, cryptocurrency or crypto currency is a kind of electronic cash that can be sent directly from person to person (peer-to-peer) without going through financial institutions, or banks. Generally if we are currently sending funds or money to other parties, of course, must be processed through the bank. In this case, the bank serves as an intermediary. Well in this crypto technology, the payment is made directly without an intermediary. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography. Well, Bitcoin is one of the existing cryptocurrency types, and is popular. In addition to Bitcoin there are more than a few crypto currencies similar to various names, such as ethereum, litecoin, etc. Many of these crypto currencies are short of devotees until they die one by one. In Bitcoin, if there are transactions of two persons, the other party in the network that can decode or verify the occurrence of the transaction, will be rewarded with bitcoin. This step is known as mining bitcoin (mining).
From what I've learned before, that David Yermack, researcher at the Bureau of Economic Research, New York University (2016) that bitcoin still fails to meet the criteria as a currency. It cites the basic functions of a currency, the medium of exchange, the a store of value, and the unit of account. Of the three criteria, bitcoin does not qualify as money. Yermack doubts that bitcoin can be a currency or means of payment acceptable to today's audiences. I agree with the analysis. If we look at bitcoin volatility in recent years is very high, much higher than the existing currency. This has an impact on the difficulty of calculating the short-term risks of bitcoin. In addition, the exchange rate of bitcoin in the day to day does not correlate at all with any currency in the world, nor with commodities such as gold for example. This makes bitcoin useless in risk management and difficult for the owner to hedge.
Let's look at one by one the money function on bitcoin for more details. First, as a medium of exchange. Bitcoin has no intrinsic value, so its value will depend largely on its usefulness in the economy or consumption. But in reality, today is still very small parties who use bitcoin in everyday life to make various payments. Few traders (merchants) are willing to accept bitcoin. Some countries such as Japan, for example, allow bitcoin to be used as a means of payment (not as legal tender or legal currency). But if we go to Japan, just a few, not to say very little, the store is willing to accept payment with bitcoin. Especially in other countries, including Indonesia. In other words, payments using bitcoins are currently very rare.
Second, as a unit of account. For users or buyers, we certainly look for ease in buying goods. For example, a bowl of chicken noodles cost Rp 25 thousand, a cup of coffee costs Rp 15 thousand. This will make it easy to calculate. But in the use of bitcoin, various problems arise, mainly due to its extreme volatility. The value of bitcoin can vary drastically from minute to minute. This makes it difficult for the seller to determine the price of an item. In addition, there is no uniform or fixed market price associated with bitcoin. I also tried to check on some bitcoin markets around the world, and the prices vary. This disparity, in the theory of market value, violates the law of one price for a currency. Why breaking? Because it is open most likely people to do arbitrage in the same market (buy cheap and sell high in commodities and the same time).
Third, as a store of value. When a currency serves as a store of value, the owner certainly has the expectation that the currency he holds can be obtained easily and can be redeemed for future goods or services as needed. The economic value of goods or services purchased in the future is expected to be equal to the money used or stored now.
From the above analysis it can be seen that Bitcoin, according to Yarmeck (2016), still can not meet the criteria as money because it has the deficiencies as above. Generally people currently hold bitcoin instead of being used as a means of payment, but rather to speculative investment. Bitcoin is also increasingly difficult to accept because it is disconnected with the payment system and banking in many countries, because most authorities in the world forbid it to be used as a means of payment.
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I think there are many ways for them (the scammers) to commit the crime, not just above, social media is also used to take action to take your bitcoin, recently I found the incident in telegram, they reasoned that there is a problem with the distribution in my wallet, and I have to pay some money in order to continue his diatribus, they impersonate the admin, using the name of the admin in order for me to believe in it, hopefully you all are not fooled by their ways of not losing.
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Bitcoin is currently one of the popular currencies used by people. Even merchants who use Bitcoin as a means of payment also exist in some countries. Bitcoin itself becomes a warm conversation. At its all time high, the Bitcoin price was once equivalent to one troy ounce of gold. With its success, today many emerging similar currencies. Because the price is fantastic, Bitcoin is very popular among the public at this time. With the success of Bitcoin, many currencies are now emerging. Other cryptocurrency examples are Ethereum, dogecoin, litecoin, mrai, dashcoin, and many more.
Cryptocurrency does not have any monetary policy restrictions from any country, so it is simpler to travel abroad. Using bitcoin does not require physical transactions, making it easier for customers to transact. Compared to currency where you have to change your rupiah currency in money changer first, then cryptocurrency is more reliable
There are many conveniences and benefits provided by cryptocurrency, ranging from ease of payment, slowing of bitcoin growth, increasing global acceptance and very easy opening of accounts, but with all the convenience, you have to be careful of using cryptocurrency as a means of payment. There are some shortcomings that you should be aware of like ...
Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
There are many benefits to cryptocurrency, but it's also true if you have to be careful if you want to do something on cryptocurrency, so little knowledge of me, if there is a misunderstanding I apologize as much as possible.
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Maybe in that way they can attract the attention of many people, so that anyone of them is interested in the threads he made and gave them merit.
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Also scammers on the Telegram. There are tons of them!
They write admin's nicks in the 'about' section of their profile and sending PMs about the last post you wrote in a certain group to start a conversation! Be aware.
Yes, usually they (the scammers) use the name change as if he were an ADMIN on one of the projects, and they are looking for a reason for us to send some money to them, maybe for me there are still many ways to earn money easily, I not knowing how to get rid of the scammers, i am studying it. |
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If you are a BITCOIN user, of course you should know the negative and positive impacts of BITCOIN, not only that, you also have to be careful as a BITCOIN holder, a lot of scammer ways to get your BITCOIN, including PHISING, EXCHANGE FAKE, WALLET FAKE, PONZI, CLOUD MINING and so forth. The fantastic price is one of BITCOIN's traits which is what BITCOIN is so popular for, and public interest in Bitcoin continues to grow rapidly into a fertile ground for many con artists. Generally, they take advantage of the ignorance of interested people but do not really know Bitcoin. A little explanation of their ways to get your BITCOIN in my opinion is ...
1. PHISHING, one they often use is phishing, Be careful when you click on links from email inbox or ad sentence on various sites on the internet. A scammer who runs a phishing method will direct you to a fake page that looks like an official site belonging to a trusted company. If you have been deceived, you can be hooked to register on the fake website, malware, or even loss of Bitcoin.
2. FAKE EXCHANGE, If you find ad phrases like "Buy Bitcoin 5% lower than market price. Achieve Big Profits ", then feel free to move away from him immediately. It is one of the scammer marketing strategies that want to deceive prospective clients with the lure of unrealistic big profits. As far as I know if you log into Bitcoin Exchange look at the domain to make sure it is fake or original, If it only starts with "http: //" instead of "https: //, then Bitcoin Exchange does not have a reliable security protocol. To take safe steps, immediately leave Bitcoin Exchange so know the quality of the domain.
3. WALLET FALSE, Recognizing Bitcoin wallet scam is harder than unpacking Bitcoin Exchange scam mode as I understand it. This is because the wallet does not deal directly with the sale and purchase of Bitcoin, but the storage system only. However, users can lose a lot if the Bitcoin that has been collected suddenly stolen or diverted by a wallet providers who turned out to be a scam.
4. PONZI, Ponzi Scheme is a form of scam in the form of fake investment. Scammers who run this business model claim to be able to double the money in an instant, without any conditions, just by sending your money to them. In the case of Bitcoin, which is promised to be multiplied of course is the amount of Bitcoin itself. Another characteristic that is always embedded in Ponzi-shaped scams is the affiliate or referral feature with the downline system. If you understand the risks of money games or have followed the various cases of MLM fraud, it will be easier for you to decipher the depravity of the Ponzi scheme promising additional money just by multiplying affiliates, without selling any products.
5. CLOUD MINING, Cloud mining is a gathering place for Bitcoin miners who share hashpower. Here, those who do not have enough resources can raise funds to hire the super tech devices required in the Bitcoin mining process. Not all cloud mining is a scam, because there are some that proved valid and indeed bring profit to its users. However, there is also a cloud mining scam that if used only give very little results, or even not share profit at all.
I warn again to be careful if you are the owner of BITCOIN, so far I only know a little about the scammers, I apologize if there is a misunderstanding in this thread, and say thank you for your time.
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