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Author Topic: The truth about bitcoin  (Read 3937 times)
Doterti
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July 09, 2018, 06:01:14 AM
 #61

It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.
The true essense of bitcoin and it's system are not particularly in the terms of money, the real purpose of it is to have a much easiest, fastest and convenient ways of doing or making different transactions that can help to the people. Thus, to make bitcoin much useful and helpful to people it system can also use for investment where in people can earn a huge of money from it in just for a short period of time.
Just because there are also other purposes of bitcoin doesn't mean that the main purpose of bitcoin and blockchain technology will be forgotten. People only see what is the outer benefits of bitcoin and blockchain technology, maybe because of what they heard before entering or maybe influences, but for the better please do not forget also the other true purpose of blockchain and bitcoin.
Blockchain is a very big technology and it cannot be limited to bitcoins only. Not many people were aware of blockchian, until bitcoin came .As far as true purpose of bitcoin is concerned, it will only be fulfilled once we see bitcoin being used in real sale purchase, as fiat is used.

The bitcoin has a big value of price or money which it can help the people who are in need financial and also bitcoin itself has a big role to the market in which all the currencies are very related and it can lead also a better economy.
jj6080801
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July 09, 2018, 06:31:49 AM
 #62

Bitcoin is an advanced assest or cash. It is additionally obvious that bitcoin fills in as a genuine cash and help to man for progress. The greatest truth is that bitcoin can make anybody rich and create nation economy. Bitcoin is always gaining ground.
ys fs
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July 09, 2018, 06:42:55 AM
 #63

the truth I encountered in bitcoin is, it's hard to understand the ins and outs of bitcoin, and also the intricate workings,methods, but there is also a very risky risk....
avoxosuccesful
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July 10, 2018, 12:09:44 AM
 #64

The genuine essense of bitcoin and it's framework are not especially in the terms of cash, the genuine motivation behind it is to have a much simplest, speediest and advantageous methods for doing or making distinctive exchanges that can help to the general population. Therefore, to make bitcoin much valuable and accommodating to individuals it framework can likewise use for speculation where in individuals can procure a colossal of cash from it in only for a brief timeframe.
nagobinga
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July 10, 2018, 03:09:24 AM
 #65

the price of 1 BTC is very high reaching a hundred million more there is no news lie about it but it is surely there are ups and downs so they will wait for the high price to resell.
jimmydvd
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July 10, 2018, 03:46:14 AM
 #66

I agree with your opinion that there is no easy way to get the money it requires a process and effort and hard work so it is unreasonable if anyone offers a way to earn money easily so do not we easily fooled by such a thing
shawn995
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July 10, 2018, 04:14:24 AM
 #67

The bona fide quintessence of bitcoin and it's system are not particularly in the terms of money, the honest to goodness inspiration driving it is to have a much least difficult, speediest and beneficial strategies for doing or making unmistakable trades that can help to the all inclusive community. Along these lines, to make bitcoin much profitable and pleasing to people it structure can moreover use for hypothesis where in people can obtain an epic of trade from it out just for a short time allotment.
jeffer8035
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July 10, 2018, 04:34:53 AM
 #68

all investment carries a risk all investment takes time to receive its fruits bitcoin is a reserve of value for it to be exchanged in currency has to have a value already has that value a few years to go so that it is or over months nothing is easy in this life I believe that more than promises is a reality bitcoin is transparent this is what you can review in terms of the lost you bought very expensive maybe you see a lot of them have happened some time they are experiences of the market the time will say suddenly the other year is in 30000 and you recover your investment and you get a profit like that, bitcoin

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genuin
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July 10, 2018, 04:43:16 AM
 #69

you say that I think because you suffered a significant loss in bitcoin trading.
if you are a bitcoin offender from 2014 surely you love bitcoin.
every currency in circulation is a propaganda product of a handful of people, not just bitcoins and you have to admit it
hacsoi2799
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July 10, 2018, 05:32:10 AM
 #70

Bitcoin prone to theft: Early in 2014, Bitcoin suffered a heavy blow after the Mt.Gox in Japan is attacked. At that price, the stolen bitcoins were worth $ 460 million. It's the biggest bitcoin in history and it has raised concerns about the safety of the currency.
dohh (OP)
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July 10, 2018, 05:41:20 AM
 #71

It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.
The true essense of bitcoin and it's system are not particularly in the terms of money, the real purpose of it is to have a much easiest, fastest and convenient ways of doing or making different transactions that can help to the people. Thus, to make bitcoin much useful and helpful to people it system can also use for investment where in people can earn a huge of money from it in just for a short period of time.
Just because there are also other purposes of bitcoin doesn't mean that the main purpose of bitcoin and blockchain technology will be forgotten. People only see what is the outer benefits of bitcoin and blockchain technology, maybe because of what they heard before entering or maybe influences, but for the better please do not forget also the other true purpose of blockchain and bitcoin.
Blockchain is a very big technology and it cannot be limited to bitcoins only. Not many people were aware of blockchian, until bitcoin came .As far as true purpose of bitcoin is concerned, it will only be fulfilled once we see bitcoin being used in real sale purchase, as fiat is used.

The bitcoin has a big value of price or money which it can help the people who are in need financial and also bitcoin itself has a big role to the market in which all the currencies are very related and it can lead also a better economy.

This last "argument" of Yours should be penalized as crime. Its particularly the same, as to advice people in need of extra income to go and gamble.
Mazda17
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July 10, 2018, 05:54:40 AM
 #72

it is true any form of investment has risks. for bitcoin is an investment that has the greatest risk, but it will also be very profitable. behind all existing investments, for digital currency especially bitcoin is a good investment in the future because it is very promising.
Your opinion is very good and I agree with your opinion.
Yes it is true what you say that in every investing pasri there is a risk but it is profitable for us all because behind all existing investments, especially bitcoin is a good thing if investing for the future.
As far as I know every job there must be risk and also there are advantages so in the future we must be careful to move forward.
royalcrypt
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July 10, 2018, 05:57:37 AM
 #73

Bitcoin will eventually be used in buying more and more goods and services. Buy btc when it is low and spend it when it is high is the way that you can have the most utility out of your bitcoin.
solenn heussaff
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July 10, 2018, 05:59:53 AM
 #74

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.






I agree in your opinion. When you invest in bitcoin, you will take a risk because you can't control the bitcoin price but investing in bitcoin can give you a high profit. And it is worth waiting when you buy in low price and sell in high price.
jennygamilo
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July 10, 2018, 06:00:50 AM
 #75

The Truth about Bitcoin is ,it is not easy to use ! You need patience and perseverance for you to be able to have or to earn money bitcoin is an online investment but still it is not easy as easy as the other people think.
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July 10, 2018, 06:01:09 AM
 #76

Thanks for sharing this information
Xenrise
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July 10, 2018, 06:03:48 AM
 #77

There is NO good, easy, risk free money, that is available for everyone.

If you really wanted easy money without a risk, then you've entered something that you are not finding. It's not a good idea to go to something you aren't really into. Look at the emphasized word, NO EASY MONEY OR NO FREE MONEY WITHOUT RISK. Bitcoin and other crypto are worth to invest if you are good in risking money. There were some cases that some people are thinking that bitcoin is an easy money but no. Especially if you aren't joining bounties in order to invest, thus investing your own money.
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July 10, 2018, 06:16:57 AM
 #78

Warren Buffett, the most famous investor in the world, is not interested in bitcoin. One of the few times he talked about the virtual currency on CNBC was, "Stay away from it, it's an illusion. The idea of holding a huge virtual currency for me is just a joke. "
We should be careful when investing in this virtual currency.
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July 10, 2018, 06:20:12 AM
 #79

I agree with your opinion, because there is no easy way and no risk to make a lot of money, bitcoin is also like that although it can generate big enough money but has big enough risk too, so if we want to earn big enough money we also must be ready to take his or her risk.

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July 11, 2018, 11:58:29 AM
 #80

To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

There is NO good, easy, risk free money, that is available for everyone.

If the money good and risk free, it is called a heritage and it is not available for everyone.
If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.



More users did not really realize that thing, because they all want an easy money, in short they dont tend to realize how risky, or what is the situation of bitcoin as of now. They tend to do unpredictable decisions like pulling there stock, simple because they did not really analyze what the real thing is going on. But as we all know, patience is what bitcoin trying us to realize.

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