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Author Topic: Do you think bitcoin ever be safe for any investment ?  (Read 4256 times)
nursahath07
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November 10, 2017, 04:10:57 AM
 #1

At present situation government actually not so much concern about such kind of currency for that  reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the  lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.
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Youghoor
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November 10, 2017, 04:17:08 AM
 #2

Every person uses bitcoin for different purposes, i use it to try to increase my capital, and this is the main reason of why i have been buying bitcoins for more than years, it is simple as that.
I think that we all are in here for the same, but some of us use bitcoins for other kind of purposes.
But bitcoin is safe if you know how to take care of yours, if you use a bad wallet you are probably going to be hacked, it is upto you.
and bitcoin is much more safer than other investments, it depends on how are you looking at it.

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November 10, 2017, 04:30:44 AM
 #3

I'm assuming you both are from locations where banks and money transfers are relatively easy with the systems that have been in place for decades.  If you're in the US, you have many options.  Banks that are trustworthy for the most part.  You have FDIC assurance.  The US dollar is a relatively stable currency.  ACH transfers, while they take a few days, work great.  Bitcoin is not meant for us.

Go to places with capital controls like China.  Go to places with currency instability like Venezuela or Argentina, where the native government issued currencies are not as easily usable. 

There bitcoin is actually welcomed with open arms.  I bet more people in Venezuela use bitcoin on a daily basis just to survive and buy every day things than people who know what bitcoin is in the US.

The US and a few other countries that have stable currencies are the exception, not the rule.  Bitcoin is meant for the rest of the world to facilitate easier transfer of money, to hold on to value what people currently have, and to easily use the currency for transactions.

Now a lot of people still don't have bitcoin, even those for whom the currency is really meant for.  There's a finite supply.  In a few years a majority of the world, say at least 4 billion worth will be trying to get their hands on just 21 million bitcoin. 

I think the value will be there as an investment.
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November 10, 2017, 05:03:18 AM
 #4

For me, bitcoin is another way of safe investment and best way to muliply your money unlike putting your cash in a bank nowadays. You are managing your own funds using your own ledgers, passwords and online accounts. There are a lot of opportunity when you put an extra effort in bitcoin. It was being recognize in any part of the world and being regulated on those countries who are super concern by their people. The negative side of bitcoin is that you will never know when it will increase or decrease the price and it was being used by scammers to victim an innocent and those person who dont have enough knowledge what is cryptocurrency.
yes off course bitcoin is forever the safe and easiest place of investment because there is no scene still come about investing in bitcoin which proof that bitcoin is the safest place for investment and i also suggest you that if you can invest in bitcoin now then you can earn more and more profit in future because the rate is still low and it will increase with time as the users of bitcoin is increased.

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November 10, 2017, 06:28:54 AM
 #5

The only time Bitcoin is going to be a safe investment, is when people don't regard it as an 'investment' or 'trading coin' and when it's MAJORITY used as a currency and not as it is now which it is a coin that is mostly traded on exchange for massive amounts of profits.

Plus, the people that are 'invested' in Bitcoin right now are the people that are trying to make QUICK money out of Bitcoin as they think it's their way to getting rich, they will quickly find out it's not but they're the people that are ruining it for the rest of us.

So yes, but it will take some time.

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November 10, 2017, 06:43:59 AM
 #6

The only time Bitcoin is going to be a safe investment, is when people don't regard it as an 'investment' or 'trading coin' and when it's MAJORITY used as a currency and not as it is now which it is a coin that is mostly traded on exchange for massive amounts of profits.

Plus, the people that are 'invested' in Bitcoin right now are the people that are trying to make QUICK money out of Bitcoin as they think it's their way to getting rich, they will quickly find out it's not but they're the people that are ruining it for the rest of us.

So yes, but it will take some time.

How will the use case of Bitcoin influence the security of the investment? If you use Bitcoin more as a currency, it will actually be exposed a lot more to hackers and scammers. People who use Bitcoin as a commodity tend to hoard their coins in cold storage, so in theory these investments will be more secure/safe. 

Not everyone using Bitcoin at the moment are interested in making money. Some people just want to protect their wealth from greedy Bankers and Remittance services and even some corrupt governments and failed politics. ^hmmmmm^

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November 10, 2017, 09:45:55 AM
 #7

Bitcoin being decentralized and transactions irreversible, it's quite difficult to put Bitcoin under existing consumer protection policies.

In 2015, New York State Department of Financial Services (NYSDFS) introduced BitLicense, a stringent regulatory framework for digital currency businesses operating in New York. It was aimed at providing consumer protection, but still it wasn't taken well by the Bitcoin community.

We might be seeing countries coming up with their own licenses for Bitcoin businesses. As far as they offer consumer protection and doesn't lead to too much centralization or stifle innovation by barring new entrants, it is good.

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November 10, 2017, 10:59:41 AM
 #8

At present situation government actually not so much concern about such kind of currency for that  reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the  lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.

What you have highlight is the ideal thing that should happen for government to protect the citizens investment irrespective of where they choose to keep their money either in fiat by ensuring that there is security of life and property, in the bank by ensuring that banks don't fail and people lose their money and even in digital currency to ensure that the investment is safe.

However, the other two options were made possible because government can regulate the way its being done and even the statistics of how its being printed and distributed. But for the latter, it can only be possible if government can regulate bitcoin and that also comes with its own cost which might be something that does not augur well with major participants or even difficult to do because of the decentralized nature of bitcoin.

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November 10, 2017, 02:33:21 PM
 #9


untuk saat ini masih aman saja.untuk jangka panjang belum ada yang tau apa perkembangan bitcoin masih bisa dipercaya oleh semua orang

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November 10, 2017, 02:47:59 PM
 #10

Through Bitcoin one can control ones own money without any intervention of government. You are in charge of your money and not giving any part to government. You are also responsible for your action then. Decentralisation has it pros and cons. If you want to control your money you need to secure it as well. Bitcoin in itself is very secure. If one get scam it is because of his own mistake.
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November 10, 2017, 02:55:17 PM
 #11

there are different classes of investments with trading and hype sites where you can invest in just keeping your BTC up there while at home but on the hype site there's a lot of scum and you're right there. So for me the good is trading.

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November 10, 2017, 03:02:38 PM
 #12

Through Bitcoin one can control ones own money without any intervention of government. You are in charge of your money and not giving any part to government. You are also responsible for your action then. Decentralisation has it pros and cons. If you want to control your money you need to secure it as well. Bitcoin in itself is very secure. If one get scam it is because of his own mistake.

I agree on this, Bitcoin is safe for any investments and you could take charge of your money as well for as long as you have a 2fa on your wallets, no one will ever get hold of your Bitcoin if these coins are well kept. That's the great thing about Bitcoin, because it is decentralized of course the government can not get hold of your own money, and yes if you ever get scammed then probably you were not careful enough.

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November 10, 2017, 03:08:50 PM
 #13

What if the government does not accept Bitcoin? Nothing can bind Bitcoin, no one can control or monitor any Bitcoin trading activity, it is invalid. Do you know that? Bitcoin deals are always safe if you choose the right merchant site and you will never be fooled if you have been here too long until now.

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November 10, 2017, 03:27:08 PM
 #14

The most common form of investing in Bitcoin is buying the currency in hopes it will appreciate in value  or hodling. and research or background check  the crypto company if they are legit or not before making an investment. It's better to be knowledgeable for what you are investing so you will not regret.
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November 10, 2017, 03:30:36 PM
 #15

I think that will take lot of time to happen in reality. Not every government or nation is happy with the bitcoin and the way it is operating. Most of them think it as very vulnerable currency which can invade into economic system of the nation and could destroy it in mean time or at least deprive it for long time before everything could be reset to normal one.


Im sure for government to take part into crypto currencies they will have to be very strict about the rules and regulation and make it more happening. But again the decentralised nature of the bitcoin will come in their way or may be it could happen that the decentralised nature of the bitcoin will get disturbed due to laws. So that would be exciting to see where everything goes.

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November 10, 2017, 09:47:59 PM
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untuk saat ini masih aman saja.untuk jangka panjang belum ada yang tau apa perkembangan bitcoin masih bisa dipercaya oleh semua orang
kindly post in other languages section, you can only post in English language here, Don't know why people don't understand the rules of this forum,  I mean  one can not able to write English comes here to earn bitcoin, I think this would be Impossible.

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faceoff97
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November 10, 2017, 10:26:15 PM
 #17

At present situation government actually not so much concern about such kind of currency for that  reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the  lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.

Actually, our government is starting to recognise bitcoin as a form payment for both good and service. And its true that government recognition is a factor which makes more people trust and invest with bitcoin. I have seen in my country how the demand for bitcoin really increase, more and more people feel safe and secure to invest. Government has really no control over bitcoin, and it ia its basic nature. The only part of government is to regulate it because it is decentralized. I can say that it is safe to.invest with bitcoin, you have ypur wealth at your own hand.

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November 10, 2017, 10:37:47 PM
 #18

I honestly find your post contradicting to reality.. The government is concerned to cryptocurrency that is why more news of regulation and banning is always a prime topic in the press section.. Bitcoin is a widely used now instead of PayPal and other currency before that.. It is only a decade old currency but the company that accepted and the investors is doubling its number every year..
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November 10, 2017, 10:41:15 PM
 #19

Not until it becomes so widely adopted that the volatility decreases drastically. This would happen if Bitcoin reached a price in the $100k to $500k range, so it won't happen for several years if ever.

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November 10, 2017, 11:06:01 PM
 #20

What if the government does not accept Bitcoin? Nothing can bind Bitcoin, no one can control or monitor any Bitcoin trading activity, it is invalid. Do you know that? Bitcoin deals are always safe if you choose the right merchant site and you will never be fooled if you have been here too long until now.
Agree.Even if the government will not accept bitcoin as a payment system,still it could not intervene from any bitcoin activities since its decentralized from the start.Bitcoin has always been safe from any investments from the start,its already our own responsiblity to monitor our investments so we could be assure of a higher profit in the end.Let's be carefull all the time to avoid scam at all.

 
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