I was wrong about crime, although volatility scares me

[HajiBagi]

Bitcoin is a currency and an asset, so anything that has the value of money must be targeted by both good and evil people. That Bitcoin is used by criminals doesn't make it a bad coin. Bitcoin is like a vehicle that can be used to transport both criminal and non criminal yo their destination. That a vehicle is used by criminals for robbery doesn't make it bad but the people making used of it are bad. So Bitcoin on its own is very important tool and it is very helpful regardless of how people use it for ulterior motive. Bitcoin will always be good despite how scammers want to paint it black.

Everyone will have their own opinions about bitcoin and that is not something we should be panic about because as an investment, there are people who will say good about it and say bad about it that is why before you invest in bitcoin you should know about it and how it works, some people will criticise bitcoin because they did not like or it is too expensive for them to buy and some will not like it base on what they have heard about it and that is why joining this forum is the best for every beginners, i dont know about other but i always see bitcoin as a good thing and i never doubt it from the beginning, those who don’t understand bitcoin may have their reasons but my advise for them is to understand bitcoin and know how it works.

[YellowSwap]

After reading most of the replies i got from my previous topic i'll be honest, some of you have made me rethink my statement. https://bitcointalk.org/index.php?topic=5586241.msg66855157#msg66855157

"Perfect for laundering" was probably wrong because I just learntt that it wasn't the purpose of Bitcoin creation. Moreover, it's a digital money so anyone can use it including criminals.

The reply that convinced me most was "Bitcoin is like a knife and it's function depends it's owner". Meaning that people can use it for good or for crime and the fact that criminals use it doesn't make it crime coin. https://bitcointalk.org/index.php?topic=5586241.msg66855533#msg66855533

Concerning the last post, i was just being cautious cause the scams on Telegram with Bitcoin is getting too much out of hand, but I've now learnt that Bitcoin doesn't choose who uses it or what they use it for. Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative  to fiat. Although there are questions on volatility I'll ask later.

I'm sure that people have given you the best answer they know but I don't see anyone focusing on your topic as it is saying something else apart from your Bitcoin crime reasons.

I am talking about "although Volatility scares you", why though? Because Volatility is a big reason why Bitcoin should look attractive to you, we are in a bear market right now so the path is still way down.

Volatility makes Bitcoin looks like the right investment, even beginners will be able to have new opportunities to acquire some Bitcoin and just so you should know, Volatility doesn't last forever.

[Zlantann]

As far as the track record is concerned, however, Bitcoin's volatility could create wealth for you if you hodl.

People will always have different views of an asset or business idea. While many people are interested in Bitcoin because of its volitility other are seeing it as a disadvantage. I guess that some people will not invest in Bitcoin if the price eventually remains stable. Volatility is what makes Bitcoin profitable to investors. A stable Bitcoin will promote it as a currency since many businesses might start accepting it. But the idea of Bitcoin as an asset will start declining. So the OP should take advantage of the opportunities volatility offers instead of becoming scared of it.

[Localhostspeed]

I'm no longer moved by what people are saying about bitcoin because I know that not everyone truly understand how it works, I'm always careful not to let others decision and inconsiderable act destruct me from making my investment in Bitcoin because of the FUD the propagate online about bitcoin and what it is not.

We are expected to have forum like this as our major source of reliable bitcoin information and discussions, some other random platforms and influencers may not be a good source for us, because they can easily discourage us from what they are saying despite they don't know anything about it.

One thing about this market is that people are going to say what they want regardless and they will not buy. They will want to kill your vibe and discourage you, they don't want Bitcoin and they also don't want you to buy Bitcoin, some of them do this because they don't want you to be better than them, there are people that are into other businesses that if you ask to buy Bitcoin, they will tell you all sort of stories because they don't want you to buy Bitcoin.

Anything that is said bad about Bitcoin, it already an existing problem and I don't think there is any crime so close to that of the one done by fiat. There is insecurity in my country and there has been one day that the kidnapping money that are paid to bandits to release victims are done with Bitcoin, it's always cash that even tge government can't track but they feel Bitcoin is their problem. I will let people do what they want, it's their opinion but it wouldn't stop Bitcoin.

[Y3shot]

Concerning the last post, i was just being cautious cause the scams on Telegram with Bitcoin is getting too much out of hand, but I've now learnt that Bitcoin doesn't choose who uses it or what they use it for. Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative  to fiat. Although there are questions on volatility I'll ask later.

Bitcoin is a valuable asset that many people are interested in acquiring. Some people think Bitcoin can make them rich, while others believe it can be obtained for free, perhaps as a reward. Because of its value and the way people think, scammers take advantage of people's understanding of Bitcoin. In Telegram, there are many investment or crypto platforms, and there are some people who want Bitcoin for free, as well as some who may have lost their Bitcoin and are looking for a way to recover it. Scammers exploit these people's problems. The reason why scammers exploit Bitcoin is that a lot of people don’t understand it, and they will always take advantage of what people do not understand well.

[retreat]

Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative  to fiat.

Bitcoin was created as an alternative to fiat currency that allows people to securely transfer value without having to rely on a central authority. The goal is clear -- but we cannot control how Bitcoin is used by its users. After all, it is the people who use it who will determine its functions and benefits. Some use it as a store of value, a means of transferring value, for money laundering, or for various other purposes -- it is up to the user and no one can restrict them. So, to reiterate, Bitcoin is merely a digital currency for value transfer, and its use is entirely up to its users.

[uneng]

If volatility scares you, be careful with how much you are investing in Bitcoin. Analyze carefully how much risk you are able to take and how much money you are able to risk in this investment, especially if expect quick returns.

Bitcoin is supposed to be a long term investment, exactly due to the volatility aspect of it. On long run, however, Bitcoin has been performing positively since its launchment. You can notice this by checking Bitcoin charts and history along the years.

[Hamza2424]

Concerning the last post, i was just being cautious cause the scams on Telegram with Bitcoin is getting too much out of hand, but I've now learnt that Bitcoin doesn't choose who uses it or what they use it for. Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative  to fiat. Although there are questions on volatility I'll ask later.

It is a good way to update the community and I like it despite what the first commentator is saying, because I might not know what it is that you learned from that topic and what your final decision is now. Well, this way I know.

I am glad that the information people shared there changed your mind, but it was not rocket science, as just like the internet, VPNs, and everything else that is being used for criminal activities, a gun is used by terrorists and attackers and then by the defence too, so it all depends on the mind of the person who is using it and for whatever reason.

So you have just solved one thing which is whether it is made for drug money or not. Well, you could have got the exact answer to this from the Bitcoin whitepaper which aoluain has mentioned, but you still did good by asking because others had the chance to share information. That topic was a good read.

[bhadz]

"Perfect for laundering" was probably wrong because I just learntt that it wasn't the purpose of Bitcoin creation. Moreover, it's a digital money so anyone can use it including criminals.

Anything that has a monetary value can be used for that purpose, and that's why even bitcoin, privacy coins and other cryptos are being used to that by the criminals.

The reply that convinced me most was "Bitcoin is like a knife and it's function depends it's owner". Meaning that people can use it for good or for crime and the fact that criminals use it doesn't make it crime coin. https://bitcointalk.org/index.php?topic=5586241.msg66855533#msg66855533

That's right, if a tool is being used for good, then it can be used oppositely. But that depends on us and the intention we have, if we're going to use it for good then there's nothing to worry about it.

Concerning the last post, i was just being cautious cause the scams on Telegram with Bitcoin is getting too much out of hand, but I've now learnt that Bitcoin doesn't choose who uses it or what they use it for. Well I'm not going deep into it yet but I'll take it more seriously now I'm convinced that it's a very good alternative  to fiat. Although there are questions on volatility I'll ask later.

It's best for you to step away from telegram and any other channels that you have an idea that these scams are often happening. Protect yourself from that and stick to what plan you have in your mind like entering through small purchases of Bitcoin and holding it for a long time.

[MRY]

If volatility scares you, be careful with how much you are investing in Bitcoin. Analyze carefully how much risk you are able to take and how much money you are able to risk in this investment, especially if expect quick returns.

Bitcoin is supposed to be a long term investment, exactly due to the volatility aspect of it. On long run, however, Bitcoin has been performing positively since its launchment. You can notice this by checking Bitcoin charts and history along the years.

It is the wisest thing a new person in the market can do before venturing in calculating the risk. The currency you carry must also be secure so as not to be subjected to the market stresses. I think it would be much safer to keep Bitcoin in the long run. Individuals that wait for their returns diligently will see their assets grow even higher.

[X-ray]

Volatility scares people who are in FOMO and bought at the top, it never scares people who bought at the bottom.

Finally you understand that bitcoin is just a tool. Whether for good or bad, depends on the user themselves and saying otherwise would be reaching.

Bitcoin is really useful in the scenario where you have tyrannical government and you are in a doubt whether your money in bank will be safe.