cryptohunter1086 (OP)
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
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pekcoin01
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April 24, 2018, 06:19:42 PM |
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Bitcoin prices have fallen so much is the biggest reason. We used to be able to dig a lot of money in the past, but because the prices have fallen, people have no confidence in the crypto stock exchange.
In fact, prices are low and can be taken for investment purposes. But will prices continue to fall? This is a risk.
But what if the prices go up?
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mason13
Jr. Member
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Activity: 159
Merit: 5
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April 24, 2018, 06:22:16 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
One of main issues is that when you will need to withdraw huge amount of bitcoins to your bank account (in EUR, USD..) you might have big troubles, especially in Europe Union countries. Because tax agency will ask you - where those money are from? |
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First77
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April 24, 2018, 06:44:56 PM |
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0.001 Bitcoin = $92 and 0.001kg of Gold = $42 = $42. Who will buy Bitcoin ?? Looks like "traders cartel" have the Bitcoins. Could be illegal money from terrorists and criminals getting pumped into Bitcoin because of it's anonymity
$1 to $10,000 in 9 years is super-HYIP
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hodlftw
Full Member
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Activity: 326
Merit: 104
Santa Coin
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April 24, 2018, 06:45:47 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
imagine the american banksers will introduce universal basic income and then deregulate their financial system, then 9000 usd might be like 9 usd tomorrow. good luck then On the last of things that will never happen is this. Why would the top 1% give money to everybody just like that? It would be a long process giving everybody UBI and won't happen overnight. I myself fear regulation more as too much regulation could hinder the growth that is clearly incoming. |
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KingScorpio
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April 24, 2018, 06:52:33 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
imagine the american banksers will introduce universal basic income and then deregulate their financial system, then 9000 usd might be like 9 usd tomorrow. good luck then On the last of things that will never happen is this. Why would the top 1% give money to everybody just like that? It would be a long process giving everybody UBI and won't happen overnight. I myself fear regulation more as too much regulation could hinder the growth that is clearly incoming. the 1% have equity not access to the money printing trump himself said he was going to deregulate, he doesnt care he has his golden tower in manhatten |
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avikz
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Activity: 3080
Merit: 1500
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April 24, 2018, 06:57:43 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
Nothing can be flawless in this world. Every system has its own flaws and so does bitcoin. However, improvement is also being done on that. Bitcoin transactions are slower compared to many other altcoins so lightening network is being tested to improve the speed. Bitcoin transaction were costlier earlier, adoption of segwit helped it decrease. So it's an ongoing effort. But the traditional banking system has more flaws than bitcoin and you have a very little freedom when it comes to financials. There are state agencies and tax authorities waiting for an anomaly to be discovered in your financials. Bitcoin can at least change that where you will be the supreme power holder of your own finances. |
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bitmover
Legendary
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Activity: 2296
Merit: 5942
bitcoindata.science
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April 24, 2018, 07:03:22 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
Mining Centralization is a flaw now, in my opinion. I think that in general everyone should have at least a small of their investment portfolio in bitcoin. Something like 0,5 - 5% i think is a very health for every portfolio. Bitcoin has a risk totally disassociated to other investments, such as gold, stocks, bonds. In the right percentage, bitcoin could even lower the risk of your portfolio. One important thing is to never over-invest. When you put more than you can afford to lose, most people become paranoid and make bad trading decisions. |
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leonair
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Activity: 1232
Merit: 390
★Bitvest.io★ Play Plinko or Invest!
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April 24, 2018, 07:08:40 PM |
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There is no perfect things in this world and Bitcoin is not exempted, the price of it means something if you just think of it.
There are people that already using it and believe to entrust their money into it because they think it has a future. We all knew that there are problems that occurring and that's inevitable in anything but the Bitcoin developers always think of the good improvement of Bitcoin itself, for as long it's growing and keep on moving forward I can't think of a reason not to invest in Bitcoin.
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bobo012
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April 24, 2018, 07:10:04 PM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
Your two negativities are not even negative. Everything is used for dark purposes, and volatility is normal when price discovery phase is in place. Only negativity is to not buy bitcoin |
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Radio-Active
Member
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Activity: 523
Merit: 10
YOUC - https://www.youengine.io/
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April 25, 2018, 05:08:06 AM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
I think this is not a main reason for not using bitcoin. You can use other than bitcoin for illegal activity too. my reason to not invest in bitcoin is because the tx fee is expensive. There are many altcoins that have a fee much lower than bitcoin. |
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tangsanzang7
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Activity: 52
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April 25, 2018, 05:38:49 AM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
Thinking can't keep up, don't understand |
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HanaTenun
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April 25, 2018, 05:39:10 AM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
there may be many different reasons nowadays one of them is the fear of bitcoin prices that plummet and fear of losses, the occupied state prohibits access to bitcoin and probably many more reasons why not invest with bitcoin |
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Indrawan77
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April 25, 2018, 05:55:34 AM |
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The only flaw I can see see is the transaction speed which is slow, so it cant be used in some stores, but in the future this problem will be easy handle by the developers, most of the time people hate bitcoin because of that people invest in the wrong time and lost money, and then people hate bitcoin because they don't understand with bitcoin and only believe in the negative news publish by the media
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Zanuar Erik
Newbie
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Activity: 187
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April 25, 2018, 06:00:43 AM |
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Bitcoin prices have fallen so much is the biggest reason. We used to be able to dig a lot of money in the past, but because the prices have fallen, people have no confidence in the crypto stock exchange.
In fact, prices are low and can be taken for investment purposes. But will prices continue to fall? This is a risk.
But what if the prices go up?
people who survive and struggle will get results and become winners. be ready to become a millionaire when the price goes back up. |
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Babyrica0226
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April 25, 2018, 06:41:16 AM |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
There are many investment scheme which has been scattered in different nations. Now, investing into something would depend on your trust and belief. Becasue bitcoin as we all know is very open to any investors and open for legal or illegal activities depending on your purpose. |
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sashulya7979
Member
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Activity: 266
Merit: 10
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April 25, 2018, 09:50:19 AM |
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Investing in bitcoin is a reasonable investment, this can be well earned, provided that you will understand the trade bitcoin
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Dudeperfect
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April 25, 2018, 03:40:23 PM |
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For me, the biggest reason not to invest in Bitcoin is that there is no certainty of the future and hence I am not investing my entire wealth in it. However, I am impressed with the core philosophy of Bitcoin and I am optimistic about it and hence I am investing my some part of the wealth which I can afford to lose because I want to participate in the process of global transformation which takes place once in the century and that side is always bigger than possibility of losing my funds. I can earn money later but this opportunity won't arise again in my entire life so I am okay with 100% loss of capital considering the other side.
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1993jochico
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Activity: 364
Merit: 46
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April 25, 2018, 03:43:52 PM |
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I think this forum is not the right place for you because all users here trust bitcoin and you cant get an answer to your question here we will not look at its negative side because we sincerely beleive in it.
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dedmaroz
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April 25, 2018, 03:53:18 PM |
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I do not see any major drawbacks in bitcoin absolutely. Except bitcoin is not as perfect compared to other crypto-currencies. In my opinion, altcoins have more advantages both in terms of technology and in terms of growth of price of the token.
So, bitcoin is a good tool for investment, but do not just dwell on it.
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