Don't buy bitcoin because it won't be fine

[fxsurfer]

I think that bitcoin will be fine and deserving to have because it can provide benefits, everyone has their own thoughts and I prefer to think of bitcoin as a way to get profits, and from that I will stay with bitcoin.

Of course that Bitcoin can provide benefit, but... only if new investors buy it by bringing non-crypto products with them, i.e. products that have end consumers (dollars, goods or services). From Bitcoin alone nobody can benefit since Bitcoin is just number associated with an address. As such, it can only be passed from person to person, like promises of big returns are passed in pyramid schemes, but it cannot be consumed like food is consumed by hungry people, dollars by borrowers, or picture by art lovers. So, if products that have end consumers, i.e. products that are brought into the Bitcoin scheme by new investors, render Bitcoin beneficial, then every pyramid scheme is beneficial also. And saying that a pyramid scheme will be fine, is not so rational, given the clear empirical evidence that all such schemes eventually collapse.

[abhi777]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

before you buy bitcoin you have to think carefully. because bitcoin has a huge loss. so you have to think not to be disappointed. bitcoin sometimes also has a high selling price and sometimes a low selling price.

[munareal]

When the internet was created a lot of people were skeptical about it. Now today, Our lives depend on it because of the ease and convenient has bought to our lives. Likewise bitcoin, People are also skeptical about it but a time will come that the crypto-coins will be used by half the population of the world just  like the internet today

[maxamus]

sounds like this topic written in 2012.its shame that we are still talking about the bitcoin's-crypto's future.its already started dude, only problem we have is how can crypto grow up and adopt to current system.

Yes this topic is old it seems, Bitcoin have started and reached all over the globe and it is one of the biggest coins in crypto world though there are ups and downs on the value it become standard and most of have earned lot of profit from bitcoin in earlier years. come on folks understand the current trends & research bit on the happenings in market.

[idontcare]

I can only say that this is not true news right now. Currently, we need to buy bitcoin right now, because the price of bitcoin is increasing very fast in the market then we will have the highest profit possible. I think should buy BTC right now.

[bdc2343]

As far as I'm concerned, nowadays buying bitcoin is the smartest act when you are investing in crypto. Bitcoin follow me, is up and going up again so buying on us will surely be profitable.Where is not that okay? 

[Deallove9]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

[MAJICOIN]

If we just say that bitcoin is not fine the benefit is not ours but those who are ruling in the market they will survive forever and we will not enter into the crypto world and this time is good why because the price for now is much less than last year and it is predicted that this growth will come again in this year too so I am mentally ready for the bitcoin buying and those who are used to it they will avail this opportunity I think bitcoin is fine for buying now, Bitcoin is expanded to the whole world.

[fxsurfer]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

[RokokGudangGaram]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

it's true the problem is investing in bitcoin must first understand how to use it in transactions and risks, because the risk of bitcoin is large but the results of the profits to be received are also large in proportion to the risk

[buwaytress]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

Not really in practice! I can think of at least two examples where Bitcoin is taken out of circulation permanently or "consumed" in your version of consumption:

- irretrievable/lost private keys
- burn addresses

Perhaps also dust-collecting wallets where fees per input size would exceed the amount of dust, I know I've abandoned several wallets with these tiny amounts.

Gold in jewellery and industry can be recovered at least.

Just saying

[fxsurfer]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

Not really in practice! I can think of at least two examples where Bitcoin is taken out of circulation permanently or "consumed" in your version of consumption:

- irretrievable/lost private keys
- burn addresses

Perhaps also dust-collecting wallets where fees per input size would exceed the amount of dust, I know I've abandoned several wallets with these tiny amounts.

Gold in jewellery and industry can be recovered at least.

Just saying

Consumption is the action of using up a resource as a means of satisfying human needs. It has nothing to do with losing something.

Just saying

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

[Chicksteen]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

before you buy bitcoin you have to think carefully. because bitcoin has a huge loss. so you have to think not to be disappointed. bitcoin sometimes also has a high selling price and sometimes a low selling price.

You have to be ready on long term investment because it is worth for long than use in trading. It will depress you when you are not ready to take the risk because sometimes it more fall but recovery comes after that you just have to patiently wait or else you gonna loss profit.

[Tahir460pk]

Here alot of predictions about bitcoin price and future and mostly opinions expressed that its time to invest because as it's price drop down soon it will be pumped  up so it's all depending on market and capital it's a risk and in a position to take than must be take.

[Elizabethkjenkins]

It will depend on the market. The price go up and down like usual.

[bandungan]

sometimes people's opinions differ from ours, I am still sure if bitcoin still has the potential to be used as a purchase, I am still optimistic that this will happen, so maybe use a few percent of money to buy bitcoin in order to generate profits.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

[Naughty Princess]

Yes probably it won't be fine now.  But for me in my own opinion this is an opportunity to buy while it's still affordable and stable. Because for sure soon or later it will jump again without knowing. So for those who want to obtain profits in the near future i suggest to don't hesitate to buy and hold now. Because on this circumstance bitcoin will never go down more indeed. If you guys assuming it will collapse more before year end. 

If you believe on the potential of the coin to grow again, do not doubt it because you gonna regret it later. I do not hesitate to buy more volume now that it falls because it takes longer to wait this value in the market. The price will be fine and I patiently wait till the price recovers on the market. I know it gonna worth to wait longer.

[gajebo]

Basically, bitcoin has a very good development and continues to provide good points for its holders, if it is able to manage bitcoin then the results obtained also do not disappoint, all this depends on those who buy and manage it.

yes you are right, everyone can buy bitcoin but not everyone can manage it well, if you can manage it in the right way the results will definitely be good, but if you don't understand how to manage it the results will be disappointing.