Post
Topic
Board Bitcoin Discussion
Re: The truth about bitcoin
by
dohh
on 25/06/2018, 11:11:47 UTC
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.

Im happy You agree. And especially I like Your idea, that everyone should be aware of all risks.

This is one risk, that enthusiasts dont like to discuss a lot: Bitcoin with decept propability, can be a monetary scheme, because service, that it is claimed to carry, may be worthless or very unreasonably priced. If this risk comes to reality, everybody, who actually paid real money for it, will lose everything.

Why I say so? because it requires only a mediocre sense of maths, one to understand, that mining of one coin is ridiculously expensive. Doesnt matter, that this money is scammed on the bill of electricity and not in dollars. Its still the same - there is no point to mine bitcoins. And if there is no point of doing so, it means product is empty... it only baseson (false) hopes and promises.