The truth about bitcoin

[@ophiuchuss13]

bitcoin is the same investment as share, the only difference is that this is a new technology and a view into the future and if people panic, they just do not understand what it is, or focus their attention only on the growth and price drop, but we do not speak about today's divots, we are looking to the future.

[dohh]

bitcoin is the same investment as share, the only difference is that this is a new technology and a view into the future and if people panic, they just do not understand what it is, or focus their attention only on the growth and price drop, but we do not speak about today's divots, we are looking to the future.

No, my friend, there is A HUGE fundamental difference. Netflix is a new technology, proven to have working a product behind, having growing user base, understandable potential for growth, understandable income mechanism etc.

BTC is not a new useful technology, it is just CLAIMED to become a new technology after scalability problem is solved. Now, read this very carefully: many IT people think, that this problem CAN NOT be solved in a way, that BTC remains uncentralized and used a reasonable amount of ressources. Therefore there is no viable product behind BTC, just empty promises.

[Akenosi]

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."
The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros they're produced by computers all around the world, using free software.

[Mazda17]

Bitcoin is a digital assest or currency. It is also true that bitcoin works as a real money and help to man for success. The biggest truth is that bitcoin can make anyone rich and develop country economy. Bitcoin is constantly making progress.

Good opinion and I like your opinion.
Yes, that's what you say that Bitcoin is a digital currency that resembles paper money that always helps many people to succeed in providing for their families. So the truth is that bitcoin is the most true, it makes many people rich and able to develop their economies in many countries, even I feel bitcoin continues to progress.

[edisystem]

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

Yep that's the truth there, some people keep thinking it's easy to earn free money with bitcoin, get rich with bitcoin and many else, but the reality is it's not that easy and you need to do something to get bitcoins. It's not free, the only free thing on bitcoin is faucet, yes easy but the amount is super small.

[Bgbolahan]

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 dont think bitcoin promise anything, it just provide a medium to transfer money in a decentralized way,the price is derived on how useful is it, that is all

[dimbaba]

One that must not be disregarded even in the world of cryptocurrencies. I know that some folks were introduced into the market the very wrong way. They described Bitcoin in the wrong way.You are exploring new ways to benefit from it.

[sandaru]

Truth about bitcoin is it is a marvellous digital currency which has been produced basing on the blockchain technology and it is reliable. But i cannot predict for sure the direction of the value of the bitcoin according to technical analysis because it is always not true. But i know that it has been created with a great concept and no one cannot challenge it.

[dohh]

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 dont think bitcoin promise anything, it just provide a medium to transfer money in a decentralized way,the price is derived on how useful is it, that is all

A limitation with 21M coins is a promise of its scarcity.
A halvening payment for solved blockchain is a promise of payment.
Outsourcing transfer validation, to keep this process 3rd party and non-centralized same time, is a promise.

[Elerntta]

Of course earning with bitcoin is not a freebie. But it's much easier than working in a factory, or even as a school teacher, because all your work is concentrated in a computer.

[raden1922]

if we talk about money and investment. there are definitely risks and benefits. both are interrelated and cannot be separated. not only BTC has a high level of risk, but many other things also have risks. just follow the plot.
 

[Lorin]

If you want to earn money you need to work hard for it or take a risk. In bitcoin, if you want to earn a lot you need to take a risk for investing, yes it may loose your money or not but its all your decision on how you will handle your money. Learn first before you invest, because investing is not a joke .
So many says that bitcoin is a scam because of the easy money but thats not true , yes you may get a free money on bitcoin but it is a small amount if you want to earn a good profit you need to work hard for it.

[malilale]

Yes, absolutely, there will be no gain without risk. Do not make an investment that will risk your life. If you make an investment that will risk your life, this is not an investment. suicide happens.

[LastRolling]

Of course earning with bitcoin is not a freebie. But it's much easier than working in a factory, or even as a school teacher, because all your work is concentrated in a computer.

i agree with you, bitcoin is much more easier than having a job, as far as i know no one became rich working 8-10 hours a day. Bitcoin is giving all of us the opportunity to earn and also have knowledge as well.

[privedvelosiped]

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.

From your example, I would take bitcoin to the first group-heritage. I didn't find the time when bitcoin was$1 or even lower I found a legacy from descendants.... who developed it...But the fact remains, bitcoin is a risk...

[Alamin9884]

Bitcoin is a open source project, it is also true that bitcoin worked as a reach money. Bitcoin help us to reach our dreams to become successful in the future..

[Dwey]

Yes, absolutely, there will be no gain without risk. Do not make an investment that will risk your life. If you make an investment that will risk your life, this is not an investment. suicide happens.

yup, you need to face the risk if you want to earn here in the crypto world. Even if there’s risk in investing in bitcoin there’s still a good side of it,there’s so many benefits investing in bitcoin, one of the main benefits is that there are no transaction costs and taxes involved. The transactions made, whether online or through a mobile device, cannot be traced back to the user. Obviously, since this is not a paper currency, bitcoins cannot be stolen unless someone gains an unauthorized access to your computer.

[DAVETUN]

To make it real big in life you must not be scared to take risk, else you remain at the same position and tends to regret at the long run, Bitcoin is the currency of this age and the answer to the cashless policy revolution, it worth it to invest and be part of the community, just ensure you are being strategic in order to earn.

[Nanacoin]

Bitcoin is a true and genuine way of making good money. Bitcoin is not a scam. You just need to invest at a lower risk and make your better

[kemonojim]

You are right, there is no easy way to make money in every part of the world, there are no trees that make money anywhere ... Before you make money, you have to take risks and move before that can be achieved.