[2015-12-28] forbes.com:Should You Invest In Bitcoin? 10 Arguments Against.....

[CrimBit]

This is the second article in a three-part series on whether or not Bitcoin makes a good investment. Read the first, detailing 10 arguments in favor, here.

Disclosure: I own a small number of Bitcoin.

In 2015, venture capitalists poured more money into Bitcoin than ever before, but many such investments were centered around the underlying technology, called the blockchain. Meanwhile, the currency languished in the $200-$300 range for most of the year (after hitting highs north of $1,000 in late 2013), but in the last few months, Bitcoin has not only risen but broken through the $400 barrier in the last couple weeks and stayed there.


http://www.forbes.com/sites/laurashin/2015/12/28/should-you-invest-in-bitcoin-10-arguments-against-as-of-december-2015/

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[maku]

Some pretty weird statements and arguments are used there:

1. The parameters of the currency could be changed.

Of course they can, that is the whole idea of progress. If bitcoin was created as a rock withoyt ability to be upgraded it will be obsolete in a couple of years of IT progress.

2. Attack on the network could happen but  this scenerio will be highly unlikely. At this point more susceptible to attacks are centralized systems of banks.

3. The lack of a central authority prevents the protocol from progressing.

I think bitcoin developers and community will decide the best course of action when it will be necessary.

4.People get burned by it as an investment.

This is the problem with every possible investment, you can gain but it is not 100% secure method of earning money.