The good and bad of bitcoin

[kerjakuat]

Bitcoin benefit is sure being anonymous transfer.. easy to use and to buy and sell with peoples around the globe. The bad thing is for me is the high ridiculous fees for a low transaction sure are killing me. yeah bitcoin also has no insurance if our money lost or being hack. so used bitcoin with carefully and always not get phishers.

[Juliedarwin]

For me in my own opion from the good and bad of bitcoin is not an issue at all. For the good things as I experience from bitcoin is the salary that I received since from the day I started to join in bitcoin..is...im happy and gladly appreciate those things, And the bad issue from bitcoin is the always changing prices goes down and it's hurt me because I never had to convert my tokens from the good value.

[RodeoX]

GOOD: The financial freedom it represents to hard working, rational people.

BAD: The threat to financial security it causes people who delude themselves into taking stupid risks.

[Dreamchaser21]

Bitcoin always gives me profit because my money that I invest before I alreadt withdraw it and the bitcoin I’m trading with is from the profit I got in a signature campaign, so for me Bitcoin is really good. The price are still high compare to the time I enter in this market. So far I don’t experience major problem with bitcoin.

[oppasong]

bitcoin can help in any way and can give us a lot of income even though we know that together the price of bitcoin is very unstable sometimes it rises but also drops and has many risks so we have to be smart in using bitcoin both investing in trading and mining so we need patience in using the world crypto.

[Othuke]

The security of Bitcoin is exceptional and amasing. Those who promote the theory of hacking in cryptocurrencies are grossly mistaken. The reality is the cryptographic algorithms makes it near impossible to hack into the network. Its transparency enables you to make transactions anytime without any interference...as with the case with the conventional fiat currency system. Bitcoin, like other cryptocurrencies, offer the world split second transfers, fraud and identity theft protection, elimination of sky high transaction fees and much more. As a business man, I can do business even in areas notorious for fraud and crime because Bitcoin public ledger, aka block chain, protects me from being cheated. And of course Bitcoin protocol cannot be manipulated - not even by the government - because Bitcoin is cryptographically secure. To be frank, Bitcoin has disrupted the global financial order in more ways than Satoshi Nakamoto ever envisaged when he created it.

Nevertheless, there are some disadvantages. For instance, too many people are still in the dark concerning Bitcoin and cryptocurrencies.  It lies in our hands, then, to educate the world about this 'miracle' so everyone can key into this breakthrough. Similarly, more businesses need to accept Bitcoin as a legal tender. There is also the volatility concern, but I think that as more trading centers and businesses accept Bitcoin, the price will eventually stabalise.

If you ask me, I think that the advantages of Bitcoin far outweigh the above concerns - or any other concern for that matter. The truth is Bitcoin is still evolving, and if in its infant stage, Bitcoin has achieved great feats, how much more will it achieve when its full potential is realised?

You and I have a role to play. So, let's spread the word. Bitcoin has come to stay! No one can stop it...and as they say 'if you cannot beat them, join them.' Let us all preach the gospel of Bitcoin!

[Jocuserious]

The Bitcoin can give me good profit anytime,most likely investment, trading also give us good ways to income money increase for the bitcoin.i never bad time with the Bitcoin because I have to panic time and knowledge about market situation.so the market will consider and come back soon is possible.

[SoiledDove]

Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)

also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.

however, it will assist you with being more dependable about your record.

What is the great and the awful thing you can say in regards to bitcoin??

Like you, my greatest attraction to Bitcoin is having improved access to my money.  To be able to send money to any country of the world for a fraction of the cost is surreal. I love that. This is the way money should be. Now maybe I'm jumping the gun or asking for the moon, but there's one thing I do not understand. If Bitcoin is all recorded and the blockchain is impossible to forge or alter, how come it's possible to hack Bitcoins? See if my SIM card for the phone is stolen, I can have the card blocked and get a new one. Same with my debit card. But how come I can't do that with crypto? Surely the blockchain should be able to block the stolen money and keep it secure? I just don't get that part.

[lamcouz]

Cryptocurrency is like a weapon. It remains good while it's used for defense purposes but can become bad once it got into someone's bad hands. The weapon can't be bad or good for itself. It all depends on the one who uses it and what is it used for.

[cutecute]

Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)

also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.

however, it will assist you with being more dependable about your record.

What is the great and the awful thing you can say in regards to bitcoin??

The good of bitcoin is just helping other people to be rich and successful in a very young age. The bad of bitcoin is the chance that you will be bankcrupt if the price of it drops.

[untugede]

The Bitcoin can give me good profit anytime,most likely investment, trading also give us good ways to income money increase for the bitcoin.i never bad time with the Bitcoin because I have to panic time and knowledge about market situation.so the market will consider and come back soon is possible.

yes, bitcoin has benefited many people, someone who wants to invest by buying bitcoin at the current price for them to hold for a long time, of course that person will get a huge profit, because bitcoin will someday according to my analysis raise the price even higher than the highest price level, someone investing in bitcoin will not suffer losses or losses, for example they will not make mistakes.

[Slow death]

What is the great and the awful thing you can say in regards to bitcoin??

no doubt is slowness, you have no idea how stressful stay more than 30 minutes waiting for a confirmation. Another day I sent bitcoin to someone and I stayed more than 30 minutes waiting for a confirmation at least. can not sleep until I had a confirmation, imagine if I was a super market in my country for example, I would already be in trouble. bitcoin needs to be faster, sometimes the person needs money urgently and this slowness does not help. the big thing is the profits.

[Choyor]

The good side is that when we are introduced to digital currency technology where we are given some convenience in terms of the economy, for example with Bitcoin makes it easier for us to transfer money, while the bad side is when this technology is misused by parties who do not responsible, because of its anonymous nature Bitcoin may be used for crime.

[luckybit1]

The good aspect of bitcoin is ,lot of people have gained money in their long term investment, And the bad aspect of it is its takes longer time than excepted.

[MonaLeeTracy]

The good aspect of bitcoin is ,lot of people have gained money in their long term investment, And the bad aspect of it is its takes longer time than excepted.

the good aspect of bitcoin does get results from investment. but getting results also depends on us who can run it. even if this is good, but we cannot run an investment, it's the same as bad.

[Getcoinsite]

~snip~.

My bad is that, any mistake made in transfer of coin, is as good as gone. That is why it takes me time to finally press the send button  

Well this is the hardest part from what the positivity of bitcoin when you send this wrongly theres no claiming back.not like in fiat(banking)that you can reverse the transaction and may win over the amount again

What is the great and the awful thing you can say in regards to bitcoin??

no doubt is slowness, you have no idea how stressful stay more than 30 minutes waiting for a confirmation. Another day I sent bitcoin to someone and I stayed more than 30 minutes waiting for a confirmation at least. can not sleep until I had a confirmation, imagine if I was a super market in my country for example, I would already be in trouble. bitcoin needs to be faster, sometimes the person needs money urgently and this slowness does not help. the big thing is the profits.

What transaction are you referring to?Maybe its a local exchangers?That need a long hours of transacting?This is because of the third party involvement,the problem is you provider and its not a bitcoin of blockchain transaction itself..and what about that example if you are in supermarket?Does this mean that in your country bitcoin is accepted as payment for goods?

[kissme09]

Everything has good and bad sides. Bitcoin always has two teams to the truth so if you want to look for short-term profits. Make sure you find the significant risk for your investment. So accept the reality of Bitcoin.

[usekevin]

Everybody has a remark about bitcoin whether it's great or terrible, and for me for the most part is great you can send cash whenever you need without the agent (banks)

also, low expenses or free and last is the speculation, the main terrible thing about that I can state is the point at which somebody hacked your record and you can never again get it back.

however, it will assist you with being more dependable about your record.

What is the great and the awful thing you can say in regards to bitcoin??

Most of the people know this, hacking is the black mole in the bitcoin from long .But now it's reduced I think , because people got knowledge about hacking.Many had started to safe their wallet with some security setup. You can try two factor authentication ,I had a try with that.It's still safe.The good one in bitcoin is the price fluctuations,it allow us to get some huge profits.

[bonammeo]

The strength of bitcoin is its huge profit if you invest in the right time. Not only that, it is safe and secure. But the price of bitcoin is not fixed, no one knows what it will be tomorrow. But do not worry too much, bitcoin is the future currency, it will rise again.

[stiffbud]

The good and bad of bitcoin is the volatility of the market,you can buy it today and tomorrow the price is below what you just bought but all the same there is no need to panic about this definitely the price will come up again but is just a matter of time and patient.

Bitcoin is the combination of both good and bad thing. First we talk about good things about bitcoin. Bitcoin good  things are its transactions facility, which is more secure, safe then that of normal bank transactions. And also charge low transaction cost then that of normal bank transactions. And bitcoin International transaction are also less untraceable and uninterrupted. Bitcoin also use for many online shopping etc. The bad news about bitcoin is its volatile nature which is creat lot of problems for many investors. And its untraceable and uninterrupted money transaction facility promote many criminal activities.