I was wrong about crime, although volatility scares me

[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.

[knowngunman]

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.

Telegram scam knows no boundary. It's popularly believe that Telegram is the social media with most scam cases and it is not only about bitcoin. In fact, scammers use Telegram to scam anything scam-able including telegram stars. This is why some people distance themselves from anything Telegram and inform their clients they're not on Telegram to avoid impersonation cases.

As for volatility, it's part of Bitcoin design and there is nothing you can do about it. If you are planning to invest, then you should plan to hold for long time and start DCA to start accumulating gradually. With this practice, you can not worry about it's volatility. It's the volatility that allows you to benefit in the long run.

[Ziskinberg]

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.

Volatility only scare those who are in panic buying or selling, but for those who are just calmly buying and holding, volatility is an asset that turns out the key why we get to experience sudden price pumps, as well sudden price dumps.

However, regardless of whatsoever the issue of bitcoin, it will always remained as a tool. Its the people that solely control their bitcoin, so if bitcoin projects wrong or bad impression, its not bitcoin that is at fault, it is clearly the bitcoin user who is controlling its function.

[Botnake]

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.

Because everyone of us here has different views about bitcoin. Some may view it as a bad tool, while majority still see it as an asset for bitcoin's brighter future, but the truth is, bitcoin only performs depending on how its owner manipulate its own function.

But the good thing about is, no matter how many FUDs or hypes we get to encounter about bitcoin, we won't fall to it. Because we think with what is right about bitcoin, not on its twisted facts that only those who don't truly understand the works of bitcoin believed on it.

[MRY]

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.

Because everyone of us here has different views about bitcoin. Some may view it as a bad tool, while majority still see it as an asset for bitcoin's brighter future, but the truth is, bitcoin only performs depending on how its owner manipulate its own function.

But the good thing about is, no matter how many FUDs or hypes we get to encounter about bitcoin, we won't fall to it. Because we think with what is right about bitcoin, not on its twisted facts that only those who don't truly understand the works of bitcoin believed on it.

Currently, many people still don't understand this technology, leading to excessive fear. Knowledgeable person in the basics of Bitcoin will not panic even when the bad news is being passed on. I support you in your notion that the only defense is a proper knowledge. It is time to stay concentrated on the initial system by its owner irrespective of the words spoken by others.

[Onyeeze]

When people say Bitcoin is used by people to commit crimes and probably put the blame on the network, I assume their knowledge of Bitcoin is very limited. Bitcoin does not ask you the reason you're sending money before confirming your transaction, that's one of its most important features. Bitcoin is a permissionless system and as such, will remain neutral regardless of the intentions of users.

It is the responsibility of users and ultimately the legal authorities to make sure it's not used for illicit activities not the protocol itself.

I personally don't think the main concern shouldn't be that criminals can use Bitcoin to perfect their dealings but that newbies are sensitized enough to know more about Bitcoin security and self-custody. That way, scam rates will be drastically reduced.

it is not everybody that accept such philosophy that bitcoin is being used to commit a crime, when such allegation comes up it was the time bitcoin was introduced and the many countries who we against bitcoin are the one that lamented that bitcoin is being used for a crime, but now they have noticed that bitcoin is not used for crime and they have also see the proposes of Bitcoin I think that is what meant bitcoin to stand today because from the time bitcoin was introduced many countries where again bitcoin and there was a lot of ban of Bitcoin in different countries, but now most of the countries that rejected bitcoin is now supporting bitcoin because they have noticed the value