Reasons You Shouldn't Buy Bitcoins

[bitfocus]

I don't see any reason to Stop Buying or Stop Investing in Bitcoin! Well, I agree on one point only, people who have no idea about Bitcoin, no idea about Investment and no idea about taking calculated risks in investment market should stay away from Bitcoin or else they will loose their money for their ignorance but will continue to blame Bitcoin.

[xDsoGood]

I think there is no reason not to buy bitcoin. Unless you have a proper knowledge about it. I think there is only reason not to buy bitcoin, because it was banned in the country.

[newgal2017]

There are a lot of reasons for you not to buy Bitcoins, most especially, if you're just a newbie. Here's why:

1. Insufficient knowledge about Bitcoin and its nature.
2. It may have been banned in your country.
3. You don't enough money to buy Bitcoin.
4. You're doubtful of its truthfulness and stability.
5. You don't have confidence in the capability of Bitcoins.

[zolfa]

I think you should read a lot and understand about bitcoin and bitcoin investments, unless you have doubts about the crypto world, so you should not invest.
people who are afraid and traumatized by the world of investing, it will be hard to believe, let alone believe in the crypto world. I think you should ask directly to people who have been successful in bitcoin

[Thermatic]

It's risky. If you're not into risk, stay away from cryptos

[reingelz09]

There are a a lot more explanations regarding this, I will try to give you one, Investing bitcoin is too risky, Thinking bitcoin can make someone rich or a give you profit in return, it's a NO! Just think of this nobody knows maybe tomorrow bitcoin will drop off! maybe next day, next month and so on. I am not discouraging in bitcoin investment or buying bitcoin, but if you  really love this, study, read and understanding is a must. One reason why shouldn't buy? It's is too risky. Invest what you can afford to lose.

[goaldigger]

The only problem of bitcoin is the fees but that is only minimal compared to what amount of money it has given to its investors. There is no reason why you shouldnt buy bitcoins. I suggest to buy more for this comming 2018.

[ChrisSand]

Well I can give you reasons why you shouldn't buy bitcoins. Bitcoins fees is high right now and is increasing day by day. Its too risky to invest in bitcoin because of the unstable movement if you are scared for a high risk investment then better not to do bitcoin.

[michellee]

maybe the reason bitcoin too expensive for every people which want to buy 1 bitcoin but unfortunately, some of the new people don't know that we can buy bitcoin for some portion and we don't need to buy 1 bitcoin if we don't have money. but if they know about this, I am sure that they don't have any reason to buy bitcoin and they will buy bitcoin without thinking about anything. and if they are worried about the risk of the price that might be down at any time, then they need to learn more about bitcoin so they can have a solution to prevent this.

[TheKeyLongThumbI]

There are a lot of reasons for you not to buy Bitcoins, most especially, if you're just a newbie. Here's why:

1. Insufficient knowledge about Bitcoin and its nature.
2. It may have been banned in your country.
3. You don't enough money to buy Bitcoin.
4. You're doubtful of its truthfulness and stability.
5. You don't have confidence in the capability of Bitcoins.

A person should also be prepared that there is still risk in buying bitcoin but because our belief is stronger than that so we don't really worry about those things anymore. If you buy and didn't know this things first then you are going to certainly sell it on your loss.

[MarkusIsaiah]

In my case, I dont invest my money in bitcoin. I just invest my effort to have a bitcoin. I dont used my pocket money too have bitcoin you know. All my investment and saving here in my bitcoin is my profit. Just be responsible and do your best and effort a lot in what your doing. you can earned bitcoin not using ung pocket money.

[cutecute]

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.

I think the best reason is because there's a possibility that you will be get scam. Others say that insufficient knowledge but I don't think that is the best reason because you can make your own research for your bitcoin so that you will know all the process here just like what I did I'm reading all the articles here and reading some ideas on this forum.

[Kakmakr]

You should not invest in Crypto currencies, if you have to use debt to fund the investment. Some people use credit cards or take loans to fund their Crypto investments and those people will crash & burn when something goes wrong.

You should also not invest if you think Crypto currencies are a "Get rich, quick scheme"

[Arngrim]

It will always be your choice.
They cannot tell you what to do but if you really believe in bitcoin then go for it.
Just a warning though. It is not for the weak heart.
You might panic anytime when you see a big dip just like what happened now and might lose a lot of money.
You need to have patience and have knowledge about where it will really go.

[cizatext]

This question is not mean for most of us in this forum, but the reason why some people doesn't have the zeal to invest in bitcoin and other cryptocurrencies is due to the fact that they have no knowledge about the digital currencies world and it potentiality. If not how will one not want to be part of this 21century financial revolution, cryptocurrencies has the capacity to transform the financial life of any individual so to get involve in it is the best for any one.

[ilham nur77]

coupons investing in Bitcoin is great because Bitcoin's future is better than any other coin. I also invest in Bitcoin because the price will definitely go up

[Kotone]

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.

I think the number one most reason would be to not invest in bitcoin is because it is still unstable and very unsteady and can be volatile at times. it gives you high rewards but can also test you when it gives you almost a laughable return on your investment

[tech72]

The only reason would be it is a bubble and might burst. Put in simple terms, it is an investment with chance of very high gains in short period of time. Along with the chance of doubling or tripling your money, you are at a risk of losing most of it in case btc falls hard due to some news.

This is case with investment. You make investment into anything with chances of gain with a bit of risk.

[Amajaa]

Not good to buy bitcoin if price  is high but definitely good when is its lowest.. But price of bitcoin now is fluctuating and have drastic dump sometimes but give fast pump too ..  so just keep in mind to be wise on investing... Me myself i didnt buy bitcoin i just earned  it on trading on other crypto thats what i keep on my wallet..

[moneyangel]

I think the RISK factor may you need to consider.
Nobody wants to loose there money but if you want to be profitable take the risk.