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Question: Do you hate bitcoin
Yes
No
Sometimes
Only when it falls
Only when transaction fee goes high

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Author Topic: The reason why I hate BITCOIN  (Read 3985 times)
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October 22, 2017, 06:01:07 AM
 #101

I think why I hate about bitcoin is its volitility in price. I love to use bitcoin as a way of payment for my business but how can I accept it if its price is not stable enough. I do delieve that time will come that bitcoin will get its stable range but as for now I will settle for fiat as my way payment. And with regards to users, many are still not aware about bitcoin and what is its use  but I think we still have a long way to tackle but eventually we will get there.

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October 22, 2017, 06:27:00 AM
 #102

Quote
1000-5000% ROI in 2-3years time anymore but with altcoin that is possible


I’m pretty sure while you were typing this line your brain was somewhere else. Do you think that investment is kind of joke or do you think that it runs on business of getting profits only. I don’t think so I mean there is thing called as security of your funds or investment which you put into assets. Have you really typed correctly while you were saying 1K to 5K% of profits. Lols. Not possible for sure no matter what crypto community says.
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October 22, 2017, 06:28:32 AM
 #103

i must admit that if BTC wasn't so difficult to get into for newbies it'd be alot more popular.

that being said, its getting easier

 Shocked

If it wasn't for youtube im not sure i'd be into crypto.

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October 22, 2017, 06:34:59 AM
 #104

I can't find any reasons to hate Bitcoin.  Day by day it giving us high profit. So why I have to hate? Yes there is many Alt coin in market also they can give you profit. It does not mean I have to hate Bitcoin.  It's totally my personal opinion. If you have any reasons then you can explain us.
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October 22, 2017, 06:37:48 AM
 #105

ike any currency, there are disadvantages associated with using Bitcoin:

Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

Wallets Can Be Lost
If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned.

Bitcoin Valuation Fluctuates
The value of Bitcoins is constantly fluctuating according to demand. As of June 2nd 2011, one Bitcoins was valued at $9.9 on a popular bitcoin exchange site. It was valued to be less than $1 just 6 months ago. This constant fluctuation will cause Bitcoin accepting sites to continually change prices. It will also cause a lot of confusion if a refund for a product is being made. For example, if a t shirt was initially bought for 1.5 BTC, and returned a week later, should 1.5 BTC be returned, even though the valuation has gone up, or should the new amount (calculated according to current valuation) be sent? Which currency should BTC tied to when comparing valuation? These are still important questions that the Bitcoin community still has no consensus over.

No Buyer Protection
When goods are bought using Bitcoins, and the seller doesn’t send the promised goods, nothing can be done to reverse the transaction. This problem can be solved using a third party escrow service like ClearCoin, but then, escrow services would assume the role of banks, which would cause Bitcoins to be similar to a more traditional currency.

Risk of Unknown Technical Flaws
The Bitcoin system could contain unexploited flaws. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.

Built in Deflation
Since the total number of bitcoins is capped at 21 million, it will cause deflation. Each bitcoin will be worth more and more as the total number of Bitcoins maxes out. This system is designed to reward early adopters. Since each bitcoin will be valued higher with each passing day, the question of when to spend becomes important. This might cause spending surges which will cause the Bitcoin economy to fluctuate very rapidly, and unpredictably.

No Physical Form
Since Bitcoins do not have a physical form, it cannot be used in physical stores. It would always have to be converted to other currencies. Cards with Bitcoin wallet information stored in them have been proposed, but there is no consensus on a particular system. Since there would be multiple competing systems, merchants would find it unfeasible to support all Bitcoin cards, and therefore users would be forced to convert Bitcoins anyway, unless a universal system is proposed and implemented.

No Valuation Guarantee
Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the system, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.
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October 22, 2017, 06:40:52 AM
 #106

I can't find any reasons to hate Bitcoin.  Day by day it giving us high profit. So why I have to hate? Yes there is many Alt coin in market also they can give you profit. It does not mean I have to hate Bitcoin.  It's totally my personal opinion. If you have any reasons then you can explain us.
Bitcoin has many ways to offer a person can earn income. There are many ways each of us to gain money from bitcoin by investing that is buy and selling bitcoin. Even the price has its pump and dump, I don't see any other reasons to hate bitcoin because even me I'm getting a lot of opportunity from bitcoin.

       
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October 22, 2017, 06:45:00 AM
 #107

the reason is because i really hate to see bitcoin increase its price so fast it cause my heart to beat fast i might die from excitement
i really hate bitcoin because its the next generation of keeping your money that made banks useless and this bitcoin craze might kill them

i really hate bitcoin because my friends started asking me why are you earning this big that i should've believed in you way back when you are starting
i really admit that i hate my self because bitcoin is changing my life..
This is a bitter hatchet but is based on excitement as the value of bitcoin gets higher and can make a lot of people feel happy knowing the bitcoin digital currency to be a promising investment asset of the future. so did the same thing that I experienced bitcoin able to change my economic system to be better than ever.

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October 22, 2017, 09:08:24 AM
 #108

I don't hate bitcoin because of the low return in just a few years because if you are an early adopter of bitcoin then you could possibly reach that percentage of gain but if you are not an early adopter then you will not reach that. Bitcoin is like altcoins in its starting age that the return is big but you need to realize that the rate of returns in bitcoin is getting lower because it is getting more matured than before.

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October 22, 2017, 09:12:23 AM
 #109

You can just get out and go to an altcoin forum like /biz/. Buy altcoins is like gambling, Bitcoin will fix the monetary system

I prefer to live a day like a wolf than a hundred years as a lamb.

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October 22, 2017, 09:12:35 AM
 #110

I was asked by a friend why I don't promote Bitcoin { why i hated it} but love promoting altcoins. My reply was that Bitcoin can't give me 1000-5000% ROI in 2-3years time anymore but with altcoin that is possible.

I notice that each time I promote Bitcoin, I'm giving the early investors easy passive income why I settle for chicken gain.

Honestly I will prefer $50,000 in altcoins (with possible potential, underpriced and undervalued) than in Bitcoin.

Do you hate Bitcoin? Give reasons why you do or don't

All people like money sure.

But the main reason that I like Bitcoin it is to have a fair money system which finishes with inflation. If we have a faire money system all people will profit from this in our daily life, is not that good enough?

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October 22, 2017, 09:14:31 AM
 #111

yes i can understand why you hate bitcoin, like when bitcoin price rise more than 6100$ but altcoins also dropped dramatically, that very disappointing because most of my payments is form altcoins, I hope Altcoins can rise again dispite bitcoin rising.

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October 22, 2017, 09:18:18 AM
 #112

That doesn't look to be a fair thinking from the Op. All that's happening with bitcoin is promised growth, whereas with altcoins you need to be lucky enough to get such an increased profiting or growth in large multiples, because every altcoin is not pumping regularly or growing higher.


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October 22, 2017, 09:27:49 AM
 #113

Hating bitcoin will not have good things to come into, maybe embrace bitcoin and you'll find how good bitcoin was. Well, I can't disagree with what you are believed in because I know we have different perspective about bitcoin and altcoins too. I have no doubts also in altcoins since some of them are really have good potential to be a good cryptocurrency too.

Quote
I notice that each time I promote Bitcoin, I'm giving the early investors easy passive income why I settle for chicken gain.
But this opinion you said about promoting Bitcoin to early investors is really a pure greediness and selfishness to yourself and not giving other chance to have what you have. Hope that you'll realized that it is good if you help others rather than complaining, remember we didn't hear anything negative about the creator of bitcoin even if he/she helps many people in this kind of digital money.
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October 22, 2017, 09:34:51 AM
 #114

I was asked by a friend why I don't promote Bitcoin { why i hated it} but love promoting altcoins. My reply was that Bitcoin can't give me 1000-5000% ROI in 2-3years time anymore but with altcoin that is possible.

I notice that each time I promote Bitcoin, I'm giving the early investors easy passive income why I settle for chicken gain.

Honestly I will prefer $50,000 in altcoins (with possible potential, underpriced and undervalued) than in Bitcoin.

Do you hate Bitcoin? Give reasons why you do or don't
I don't think that it is hateness for you because it is a type of use that in which you use .
Here I can also say that I hate with the bitcoin much but in actual this is not  ,Here for me bitcoin is a medium to use another cryptocurrency Because we can't use altcoins all without bitcoin , Because most of the trading sites offers only bitcoin with altcoins only trading market .
Here in actual why I hate in small also is that because we  need confirmation to wait and sometimes ( yet not for me ) results into more wait due to more traffic of transactios .
All over i don't think that I have any reason to say that bitcoin is not better , while altcoins are better things for making profit but without the use of bitcoin trading will not be possible for us .

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October 22, 2017, 09:39:56 AM
 #115

I hate bitcoin because it is untraceable, if someone hacks our account we cant trace who hacks us and wheres my bitcoin balance. If we sent im wrong address we dont have a chance to get all back.

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October 22, 2017, 09:42:13 AM
 #116

I'm not an ungrateful person nor am I a jealous type who wouldn't promote bitcoin just because someone else has more of bitcoins than I do and me promoting bitcoin would benefit others more than myself. Bitcoin has given me a new income opportunity and bitcoin has made my life easier than it was before so hating bitcoin is beyond my imagination, I can't hate it I love it. Of course some of the altcoins are good too and they have the potential to earn me good money but that doesn't mean I should hate bitcoin, no I don't and I can't even think of hating bitcoin.
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October 22, 2017, 09:48:36 AM
 #117

Bitcoin is totally giving good amount of money, so why you bother with that? Otlr you just make  avery wrong timing on getting your profit? This may reall cause you to hate bitcoin at all, maybe even me can cause to hate bitcoin, but when I learned to to manipulate things on it then I already have it, I can manage to make money. But it is also good to try more into alt coins around but just be very careful.

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October 22, 2017, 09:51:27 AM
 #118

You have to take care yourself since not altcoin is goo, some are scam.
More ROI is more risk, thats the law.

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October 22, 2017, 09:53:48 AM
 #119

If you ask me, which one i am choose? whether i hate it or not? i simply answer, if i had one bitcoin. then why should i hated this great bitcoin? if you compare its growth rate with altcoin. of course altcoin can growth much more than bitcoin these days. but, why should hate it? just because the early holder get the passive income? that is such an nonsense in my opinion  Smiley

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October 22, 2017, 10:03:50 AM
 #120

I was asked by a friend why I don't promote Bitcoin { why i hated it} but love promoting altcoins. My reply was that Bitcoin can't give me 1000-5000% ROI in 2-3years time anymore but with altcoin that is possible.

I notice that each time I promote Bitcoin, I'm giving the early investors easy passive income why I settle for chicken gain.

Honestly I will prefer $50,000 in altcoins (with possible potential, underpriced and undervalued) than in Bitcoin.

Do you hate Bitcoin? Give reasons why you do or don't
Since it is the truth that bitcoin is that part of of the cryptocurrency that cannot be ignore at any case because here bitcoin is our basic need , without the bitcoin we can't imagine the market of the cryptocurrency perfectly Because it was the bitcoin which entered in the online virtual currency first time , so known as king also .
Here I don't think that we should have any reason to say that we have any negative thinking with the bitcoin or have any negative hate with bitcoin .
Here I am.innthe bitcoin from.lomg time but never thought anything bad is associated with it but some questions about the bitcoin Makes me doubtful that who is the real owner or atleast can anyone show me the face of that person , well these things are off topic , here we should use bitcoin for our profit and proper and Better use .
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