I think Bitcoin is totally illegal in Bangladesh. So your service mentions as a scam
Oh, really Sir? May I know where are you from? Are you a person from Bangladesh Government or Cybercrime department? Oh, C'mon Look like you always post One line low-quality shit everywhere. According to Investopedia, Bitcoin is illegal in too many counties including Bangladesh. Here is the list of countries:
- Algeria
- Bangladesh
- China
- Egypt
- Iraq
- Morocco
- Nepal
- Qatar
- Tunisia
Back to the point. Does it mean Little Mouse's Service is a Scam? While many of us selling Bitcoin to him and we didn't face any issue yet. So, based on what you just accused this? Could you please provide any further proofs that proved his service is a Scam? I will be happy and Request Other DT members to Tag him as a Scammer if you can prove it.
Take the challenge and prove it. don't post Single Line Shit again as usual you do.
Oh, I just realized that you are a Plagiarist. So I assume You do not have the ability to write anything on your own. Right? Bad try kid. Wait for Rusty's thick Pipe shot.
Another reason bitcoin has done so well is the expectation of a digital revolution. This is to say that bitcoin buyers believe the utility of paper money has come and gone. This could prove somewhat accurate with the pandemic highlighting the potential for physical cash to be a carrier of harmful germs. With the rise of peer-to-peer payment platforms, bitcoin looks to become the superior digital currency.
1. Bitcoin isn't really scarce
First of all, bitcoin is only as scarce as its programming dictates. Whereas physical metals, such as gold, are limited to what can be mined from the earth, bitcoin's token count is limited by computer programming. It's not out of the question that programmers, with overwhelming community support, could choose to increase bitcoin's token limit at some point in the future. Thus, bitcoin offers the perception of scarcity without actually being scarce.
2. It has a utility problem
The king of cryptocurrencies also has a utility problem. To date, only 18.51 million bitcoin tokens are in circulation, with an estimated 40% of these held by small group of investors. Even considering the fact that fractional token ownership exists, roughly 10 million to 11 million tokens in circulation aren't going to go very far. For context, global gross domestic product was $81 trillion in 2017. Meanwhile, bitcoin has approximately $114 billion to $125 billion in tokens freely circulating and not held tight by investors. There's minimal utility here.
3. There's a low barrier to entry
Bitcoin may enjoy first-mover advantage at the moment, but the barrier to entry in the cryptocurrency space is especially low. All it takes is time and coding knowledge for blockchain -- the digital and decentralized ledger that records transactions -- to be developed and a digital token to be tethered to the network. There's nothing unique about bitcoin's underlying blockchain that other businesses couldn't one-up.
The Full Post was Copied from here:
https://www.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/
