Reasons You Shouldn't Buy Bitcoins

[HongKong]

He will make me super wealthy that I cannot control everything. So better not to buy

Who are you talking about? Your answer has nothing to do with what the topic starter asked.

Read the post!

[Spoetnik]

Patience would be a key point if you intend on profiteering off of Bitcoin.. or other "coins".
The reality is few have it.
Which is precisely how the rich guys get richer from this stuff.
They can sell you garbage then wait you out.. until you dump.
All sold to you via a pie in the sky pipe dream over an 8 year old failed digital currency scheme.
It's been 8 years and Bitcoin just keeps getting worse.
You know.. HOW IT WORKS.

Why the fuck would you invest in some failed internet scheme that is clearly hyped up and in a bubble ?
FOMO .

[Kurokyy]

Why should you not invest in bitcoins, cryptocurrencies?

Why not? Investing in bitcoin is another big opportunity. Many people already become wealthy because of btc.

Is there any valid reason to stay away from cryptocurrencies?

If you do not have knowledge with new technology and negative minded person better to stay away with cryto currency

[alexandrofff]

BTC is a subject to hacking, cracking and govt sniffing around to regulate them. Right now they are not mature enough for that to happen, but its my only fear for assets in the digital space. In fact if that was to happen, you would see significant and sudden crashes in price on the exchanges if this freedom gets taken away. Again the govt like to strike while the iron is hot, and dip in the pocket of almost every living thing that is making money!.

[Canoppo99]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

There is no reason to not invest in bitcoin.although the increasing number of bitcoin users is not always good, it makes the price is rise and rise, it makes poor people unable to buy bitcoin also the transaction fee will getting higher and higher.but don't miss your chance to get profit from bitcoin.

[jseverson]

This is honestly not the place to ask why you shouldn't buy. You're going against the basic principle of 99% of the forum population, which is buy and HODL. I'll try to come up with answers though.

The most obvious reason is volatility. If you're looking for a short term investment, you're staring at one that could lose 20-30% of its value within a few hours. There are no trading windows either, so it could happen while you sleep. It's very easy to lose money.

Another is what FUDers would be more than happy to talk about: Bitcoin isn't backed by anything. It's pretty much just supply and demand, and its price only being as high as the next person is willing to pay for it has truth to it. In principle, if all of a sudden everyone becomes disinterested with Bitcoins, its price will plummet to zero.

One of the more overlooked reasons is that you need to know how to take care of it. Owning Bitcoins is really just as easy as creating a wallet, buying on an exchange and transferring, but you need to invest time into knowing how it works, and you need to always be up to date with what's happening with the community. You need to follow certain guidelines to keep your coins safe. It's not a no-brainer investment like some people would have you think.

It could also be a bubble, but that talk has been persisting for years and Bitcoin is still going strong.

[tr3yson]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

If you are not a risk taker and can't afford to lose anything then you shouldn't buy Bitcoins. We all know how risky it is so if you can't take it better stay away from it and to the crypto world. For me, this is just for adventurous people who want to take the rollercoaster ride of Bitcoin. I think that would be the only reason I can share since I'm very positive about it to the point that I can't think anymore any negatives or disadvantages of Bitcoin even though technically Bitcoin really had.

[Swopon]

There isn't such reasons that you shouldn't buy bitcoins.Amd now bitcoin is a very good position so you can buy now and will be rich tomorrow

[Collider]

Investment in bitcoin involves risk and if you are not a risk taker then bitcoin is not the best place for you to invest your money as no one can predict what price it will hold in future and if price crashes then you will be loosing all your money but that is very hard to happen as bitcoin's price is increasing now and it will be more higher in next few years so I don't see any reason in not buying bitcoins as it can give you huge profits in future if you start buying it now.

[L1looker]

Why not? Investments in bitcoin make it possible to get a good profit. But do not forget about the risks

[Usui-Chan]

If you are really bad at taking risks and exploring new innovative things, then you should get away from investing to cryptocurrencies but instead you can d o bounties and campaigns, at least the risk wasn't as effective as giving out your hard-earned money for a thing that you don't know how it works.

[khaled0111]

I can give you tons of reasons why you should start buying Bitcoin,
in the same time I can't find any reason that should stop you from doing so.
I think people don't buy just because they are afraid and do not trust digital currency.
Another reason I can think of, is the lack of knowledge and the ability to deal with new technologies.

Maybe my enthusiasm make me think that way and prevent me to see the negative sides of Bitcoin "if there are any"

[Spoetnik]

Why should you not invest in bitcoins, cryptocurrencies?

Why not? Investing in bitcoin is another big opportunity. Many people already become wealthy because of btc.

Is there any valid reason to stay away from cryptocurrencies?

If you do not have knowledge with new technology and negative minded person better to stay away with cryto currency

Hello my friend, ignorance is bliss yes ?

http://en.wikipedia.org/wiki/Optimism_bias

[Yieng7th]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

if you are in nipal, morrow may be put in prison if you buy bitcoin

[Catch-22]

If you can't handle the fluctuation in value, do not buy bitcoin.  You will loose sleep and might have anxiety attack.
Investing in bitcoin has a higher risk than any other financial investment.  Also, as per my experience, this investments needs constant monitoring. 
Although, as you can see the value of bitcoin now compared to the beginning of the 2017 is very encouraging.

[farhaan]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

One of the main reason for not investing in bitcoins may be due to not ready for accepting new innovative technologies and just feeling comfort to stay along with traditional systems.Also if you don't have risk bearing attitude,it would be much better to stay away from crypto currencies.

[Al Amin]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

Every investment will have a negative and positive side. Likewise with the investment in bitcoin classified as new technology must be many people who can not accept it and prefer to the traditional thing. Another fundamental reason for not investing in bitcoin is insufficient money because of the rising bitcoin price

[MotulDiesel]

bitcoin or any investment have their own risks. There are no specific reasons for deny an investment or judge it good or bad. Everything depend on you. If you research more about bitcoin and cryptocurrency with different point of view, you can see bitcoin or any atlcoin have their own advantage, person who can use those advantages will be a winner. Play safety not always a good choice !

[FasTroy]

Why should you not invest in bitcoins, cryptocurrencies?
Is there any valid reason to stay away from cryptocurrencies?
I think it is good to have some discussion here for our kind information.

Currently, I think investing in bitcoin is more profitable than investing in other altcoins. The reason is that a lot of people like to invest more in bitcoin, because it's too strong and it have a high potential compared to other cryptocurrencies, Also, i don't think that someone will hear about any other crypto before hearing about bitcoin, so this is why people like bitcoin.

[Psyloc9302003]

you don't have money to invest into..
you don't have the knowledge on btc..
you don't have the heart to do so..