This is what I feared the most as a Newbie this thing that by the time we start earning the bitcoin will fall short and loses it's high rise value but I also believe that bitcoin will make a comeback maybe this thought just came in to my mind because i'm just a newbie and I didn't fully explore what bitcoins is truly all about. I believe bitcoin will last for a very long time.
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I'm impress about the whole system like how they do it. and the best that impresses me the most abut bitcoins is how my friends earn without putting out money they just follow bitcoins and "poof" they earn not just small amount they are earning huge amount. I can't really put in the exact words how this thing amazes me. it's just amazing bro!
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I think some of the biggest disadvantages of bitcoins are
- the price its so unpredictable - its hard to understand at first - some think that bitcoin is illegal - because some government ban bitcoins
As a newbie that is some of the reasons why bitcoins is in disadvantages.
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Of Course! It's too risky! you should not do it! let me give you an example. if you put all your money in the bitcoin then we say you have an emergency when you need money instantly and at the same time the price of the bitcoin goes down. it's your loss because you had o choice you need your money so you end up getting your money back in lower value. not a good move to make.
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I don't think its greedy, I mean we should refer it as a strategy because some people just keep their bitcoins and wait for a higher prices where they can sell it on a higher value but this is not a sure thing that the bitcoin will continually rise its value I think for the people for are holding their bitcoins is that they trust in bitcoin that's why they keep it. they trust that it will continue to rise!
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The best time to buy is now! because we can never tell but the moment you hesitate you may lose something good and regret it for a while just believe in your guts if think the right time is now then buy don't hesitate. trust in bitcoin! this is the future of money!
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Thank you for this! I am just a newbie in bitcoin, hmm let me say little do I know about what bitcoin is. right now all I do is to look into the forum read replies to the post and maybe I can gain some knowledge. I'm like a child who is really willing to learn something new. I hope I may gain some new knowledge to this thread and learn more about bitcoin does and how it operate, how can I earn. thanks a lot!
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Great! I also a newbie and I'm still finding some more ways on how can I understand what bitcoin is all I know right now is that bitcoins are Crypto Currencies. it is a digital currency that only exist electronically.
I'll keep an eye on this post, Because I also want to understand more about what bitcoin is. by the way i'm also doing some research about bitcoins I watch youtube videos and google some terms.
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that is something we cant be sure of because the value of bitcoin is like the one in the stock market we can't predict when it will go up or when it will go down if the demand on bitcoiin is high then surely it will go up but there will also a time when the bitcoin goes down.
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