What are the Bitcoin advantages and disadvantages?

[jamehooperr]

Hello everyone

 

Few days ago, I was looking to start playing with Bitcoins, but I was not confident enough about Bitcoins, so one of mt friend suggested me to get a brief before playing. 

 

So, I started reading about Bitcoin history and everything, then I found an article related to its advantages and disadvantages and I feel very good that people have actually shared discussed about it. 

 

I read all the advantages like there are no chances of fraud, transactions speed is very good, no charges to pay for transacting your wages, and many more. But, I have been through disadvantages too, which were very less. 

 

However, my main concern is that I want to know more about the Bitcoins. If any one can help me by sharing more information about its pros, cons or anything else,then it will be great and I can take a relevant decision that should I go for bitcoins or not. 

 

Thanks & Waiting for some helpful response!!!

[Afi4wins]

Well, Jamehooperr, honestly speaking, I would be the last person you would want to ask about Bitcoins!

 

Why? Because what I have found out about Bitcoins from its old history, has turned me off completely, because I'm a true believer of 'good'! In my honest opinion, Bitcoin started its life on not a good intention, but that's a story that almost everyone do not believe in, except myself...and probably a few other experts too. These experts have tried to express their points of view in the media...but the media has already been under control...so whatever published comments by those experts had been shortened and controlled. You can only read what 'the controllers' allow and want you to read - all other 'suspicious' comments would never be published!

 

There has also been published articles indicating that Bitcoin cryptocurrency is currently being 'hyped to the maximum', but you wouldn't find any comments or reasons given on the whys it is so! There has also been reports saying that Bitcoin's current uptrend in its value has no tangible bearings at all...yet no details were given! Proofs that the media are indeed controlling what you see and what you read about Bitcoin!

 

Having said all that, I cannot deny the fact that 'these people' have made Bitcoin cryptocurrency to be so very convenient for the public to buy and use, and have also made it so very tempting with exceptional premises of huge profits, of new millionaires in the making...so who wouldn't want to believe them? Greed blinds everything else! Not only that, they have even got so many financial institutions to support Bitcoin, but I personally believe that all these institutions have been 'induced' to be supporters by 'them'! Nope, I can only make suppositions - getting proofs would be mission impossible!

 

Casinos? Of course! They would gladly support Bitcoin, voluntarily or otherwise, and make it even more convenient for the public to use.

 

Anyway, I have already repeated myself so many times before this, without anyone even blinking an eye, so I'd better lay off for now. Believe what you want. Do what you want. But yes, Bitcoin cryptocurrency will one day be THE currency in this forsaken world! 

[yeti8102]

I have been wondering the same thing myself. Even more so, I went ahead and downloaded CoinBase to my phone in preparations to begin utilizing BitCoin. I haven't fully dedicated to using it, but I cannot deny the temptation of the near instantaneous payouts people are receiving through this method.