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    Author Topic: The truth about bitcoin  (Read 4048 times)

    • kemonojim
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    September 12, 2018, 08:10:01 PM
     #341
    You are right, there is no easy way to make money in every part of the world, there are no trees that make money anywhere ... Before you make money, you have to take risks and move before that can be achieved.

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    September 12, 2018, 08:19:25 PM
     #342
    Quote from: dohh on June 25, 2018, 10:53:26 AM
    To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

    There is NO good, easy, risk free money, that is available for everyone.

    If the money good and risk free, it is called a heritage and it is not available for everyone.
    If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
    If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

    If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.

    Summarizing what you have stated above:
    1. Taking care of your parents\grandparents would mostly give you good and risk free money only if you have good relations with them. Moreover, in this case you would be like 50-60 years old- so is it really worth waiting for so long?
    2. Starting your own business is a good idea but have you ever thought about related expenses? In the EU one has to pay up to 50% of their profit for taxes..
    3. Salary is OK, but it can be unchangeable for years even despite all your efforts put for the prosperity of the company.

    These are actually the reasons why people still follow false promises. Personally I am very much disappointed with the increasing number of scams that really disguise the whole idea of bitcoin and blockchain.

  • BitcoinPanther
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    September 13, 2018, 01:04:42 AM
     #343
    Quote from: Jyominall on September 12, 2018, 07:48:47 PM
    Okay, but who claims, that investing in bitcoin it's good and easy money with no risks? Conversely everyone are warn of possible risks when investing. So, it's only smart strategy can to determine the level of incomes

    I think that is the OP's driving point, scammers lead people to think that bitcoin is an investment of easy money. The OP is trying to explain how the risks has been dubiously concealed so that many others will be convinced to invest or significantly contribute.

    And from there, people becomes too lax, not exerting crucial efforts to understand what they are getting themselves into. Sad, but it is a reality that people are easily blinded by the promise of good profit with minimal efforts.

  • dimbaba
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    September 13, 2018, 11:36:34 AM
     #344
    They did not understand, how risky and volatile Btc.But for this you need to work hard, study a lot of information and constantly you are aware of the news.

  • tracy2233
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    September 13, 2018, 12:24:07 PM
     #345
    High risk is equal to high profit which inturn is equal to btc earning. Somewhere it is a game of fate as well. If u are lucky enough than its a boon and if not then other half is more like a tragedy.

  • rodriguezharris083
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    September 13, 2018, 12:54:29 PM
     #346
    Bitcoin comes from coin and bit and is an online payment system that started as open-source software. It is a new type of cash and an innovative system and also Bitcoin is very risky because its price is temporary, but if you really want to try it. Always think wisely and you will earn more money.

  • Marlo0619
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    September 13, 2018, 02:43:37 PM
     #347
    The truth about bitcoin is that, it is not stable at all. The price goes down and goes up every year. So if you want to buy bitcoins, then wait for the perfect moment which is when the price is low, then wait again for the perfect moment when the price becomes high again.
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  • gesdan
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    September 13, 2018, 02:50:24 PM
     #348
    yes i agree with your statement that there are no good money and doesn't have a risk, every activity and currency have the risk and if you want to gorw up in that things you need to take that risk, so if you want to grow up believe in yourself and take that risk

  • CryptocitySL
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    September 13, 2018, 10:19:00 PM
     #349
    This is a very good coin. It is also very high in value. This coin will make a big difference in the status of your coin. Make the most of your name in the bitcoin. Because it is trustworthy and high. It is also a perfect coin. You can invest without fear. This coin is used by people in the world today. This is a way of exchanging. Bitcoin's decline will change in the future. Everyone gets bitcoin to be a great success.

  • Ains_sama
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    September 13, 2018, 11:23:44 PM
     #350
    because there is still little about those who fully understand bitcoin. all activities that produce are always at risk, the greater the risk, the greater the profit. but between scammer, ponzi and bitcoin is different. Bitcoin will generate profits according to your ability, while ponzi. You just sit and bet with your money without doing anything. and too many ponzi systems that use bitcoin. so bitcoin looks bad. wake up good opinion about bitcoin is good. introduce bitcoin with its basic understanding. will make someone have positive thoughts about bitcoin.

  • FedorIzmailov
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    September 13, 2018, 11:27:40 PM
     #351
    I completely agree with the author that the bitcoin will not earn all but still it can be very well earned on it and this activity is not exactly a fraud Smiley

  • silentgenius
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    September 14, 2018, 01:01:40 AM
     #352
    Everyone is bullish of a stock they hold because if the price goes up they make money. Right now everyone holds BTC — or at least the vast majority of people in main street. Nevertheless, just because a lot of people want the price to go up doesn’t mean that the price is bound to do so. Too often, it does just the opposite. Nevertheless, the reason why I don’t hold bitcoin legacy has nothing to do with going against the crowd. It is a business decision based on risk. With bitcoin legacy such risk stems from one simple fact that no bitcoin legacy holder on earth can refute.

  • XiXiMios
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    September 14, 2018, 08:42:47 AM
     #353
    It has a potential to recovered again so that we are worry because it is on low price but we also know that it will rise again in aan unpredictable life  thier are too many bounty campaigns that is not successfull and had an scammed...in also experience  to be scammed. But since then thier are more bounty treads that can oay back at a time .

  • fipper
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    September 14, 2018, 09:12:09 AM
     #354
    Quote from: dohh on June 25, 2018, 10:53:26 AM
    To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

    There is NO good, easy, risk free money, that is available for everyone.

    If the money good and risk free, it is called a heritage and it is not available for everyone.
    If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
    If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

    If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.



    for now, bitcoin does not fully show the truth because bitcoin is still said to be good by investors themselves

  • mcabrito
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    September 14, 2018, 09:34:17 AM
     #355
    Quote from: fipper on September 14, 2018, 09:12:09 AM
    Quote from: dohh on June 25, 2018, 10:53:26 AM
    To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

    There is NO good, easy, risk free money, that is available for everyone.

    If the money good and risk free, it is called a heritage and it is not available for everyone.
    If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
    If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

    If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.



    for now, bitcoin does not fully show the truth because bitcoin is still said to be good by investors themselves

    they telling it as good because they are good in earning it, it's a skilled that if we can be able to have then we can also be good on earning huge profit using bitcoin.

  • Biet12
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    September 14, 2018, 09:39:24 AM
     #356
    rightly so,
    but it's not just bitcoin but other assets too, what's more when investing without a goal and learning first, will make it easier for others to cheat ...
    about the truth of bitcoin is true and other assets but all of that goes back to ourselves .
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  • dohh (OP)
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    September 14, 2018, 11:35:09 AM
     #357
    Quote from: mcabrito on September 14, 2018, 09:34:17 AM
    Quote from: fipper on September 14, 2018, 09:12:09 AM
    Quote from: dohh on June 25, 2018, 10:53:26 AM
    To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

    There is NO good, easy, risk free money, that is available for everyone.

    If the money good and risk free, it is called a heritage and it is not available for everyone.
    If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
    If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

    If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.



    for now, bitcoin does not fully show the truth because bitcoin is still said to be good by investors themselves

    they telling it as good because they are good in earning it, it's a skilled that if we can be able to have then we can also be good on earning huge profit using bitcoin.

    No, that is not true. What You can possibly earn is just a side product, when whales and p&d scheme archidects earn money. See p&d videos and You will understand, that Your earning possibilities are low and unfair. Thats what p&d is about.

  • Vermouth07
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    September 14, 2018, 11:57:55 AM
     #358
    Quote from: dohh on June 25, 2018, 10:53:26 AM
    To judge if bitcoin is worth to invest in, you may consider this universal monetary rule:

    There is NO good, easy, risk free money, that is available for everyone.

    If the money good and risk free, it is called a heritage and it is not available for everyone.
    If the money is good and available for everyone, its is called an entrepreneurship and its not risk free nor usually easy.
    If the money is risk free and available for anyone, it is called a salary, but that is usually not very good.

    If anyone claims, that money is good, easy, risk free and anyone can get their share of it, it is essentially a scam. Doesnt matter if You are being scammed with money, electricity or just waste of time. It also doesnt matter if there are several people who get scammed big time at once or millions, that are scammed bit by bit, it is still a scam. Any deal, where people are attracted with false promises and where the nature of their investment is kept hidden by purpose, is a scam. Bitcoin is not what promised and that fact is being disguised now.



    Indeed! No money is free and easy to have. Btc is so risky thats why you get what you deserved when you're lucky. And yes it's not a promise, everything will be gone if you're not careful. So beware.

  • oceantiger
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    September 14, 2018, 12:07:55 PM
     #359
    Bitcoin is not risk free, bitcoin is digital money for only P2P transaction according to the whitepaper. Bitcoin is not free so you must labor for it with your mental  and physical skills. Bitcoin is not scam because everything you need to do get bitcoin are laid out in bitcoin white paper. Whatever that makes bitcoin to look as if it is evil is being perpetrated by man and not bitcoin.

  • Blackhammer321
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    September 14, 2018, 12:09:16 PM
     #360
    Quote from: Beroximos on June 25, 2018, 11:01:40 AM
    I agree. It no free, not easy.
    Invest in BTC is very risky, and everyone should know all risks wich BTC is connected with.
    Everyone assumes his responsibility for a similar investment.
    But I hope people are not so stupid that donť know about it.

    I agree with this. Bitcoin is something that you cannot go without risk. Especially when you are joining into something, there you can see risk. Risk is everywhere and it is the truth in life, every market has its own risk and so as bitcoin, but then another fact is that bitcoin will help us in our future.
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