⭐ Merited by amishmanish (1)
I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
I wish I cloud have reached to this conclusion earlier
====BTCNew Block added to the post
BTC=======
One Big point I forget to mention How any one can get BTC in the first place
I can only think of five options if you know any other way please share it
how come the currency which was built to remove the control of the government added very difficult levels just to get it
1-exchanges
you have to submit your passport /ID /Address /Bank Account statement to exchange to approve your account and wait 1-3 months
the reset of the options is very difficult too
2-1 cloud mining
( FREE Advise NEVER could mine its SCAM specially HashFlare Never trust bitcoin mining calculator like this one https://www.cryptocompare.com/mining/calculator/) they mislead you they will say this how much you will get after 1 year but they don't tell the difficulty level change every 2016 blocks (14 days) so any mining calculation is valid for 14 days max or less
some mining ask for BTCto mine BTC (if I haveBTC I wouldn't have come to you)
2-2 hard wade mining
its much cheaper and saver to buy BTC than to mine it
3- accept bitcoin as a payment for your service
who will pay you with his BTC now if he is expecting it to reach new high higher than $19K
4- ask some one who own BTC to sell you ( people charge 20% more than the current price)
5- SCAM the people
ask them to buy you new coin by BTC only and disappear
the one barrier BTC need to cross to dominate all other currencies is public adaption when you go to your grocery store and find the price in BTC on the other hand its very difficult to get it in the first place forget about the complexity of the wallet and forgetting your key/password which mean total loss of all BTC your for a normal user
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
I wish I cloud have reached to this conclusion earlier
====BTCNew Block added to the post
BTC=======One Big point I forget to mention How any one can get BTC in the first place
I can only think of five options if you know any other way please share it
how come the currency which was built to remove the control of the government added very difficult levels just to get it
1-exchanges
you have to submit your passport /ID /Address /Bank Account statement to exchange to approve your account and wait 1-3 months
the reset of the options is very difficult too
2-1 cloud mining
( FREE Advise NEVER could mine its SCAM specially HashFlare Never trust bitcoin mining calculator like this one https://www.cryptocompare.com/mining/calculator/) they mislead you they will say this how much you will get after 1 year but they don't tell the difficulty level change every 2016 blocks (14 days) so any mining calculation is valid for 14 days max or less
some mining ask for BTCto mine BTC (if I haveBTC I wouldn't have come to you)
2-2 hard wade mining
its much cheaper and saver to buy BTC than to mine it
3- accept bitcoin as a payment for your service
who will pay you with his BTC now if he is expecting it to reach new high higher than $19K
4- ask some one who own BTC to sell you ( people charge 20% more than the current price)
5- SCAM the people
ask them to buy you new coin by BTC only and disappear
the one barrier BTC need to cross to dominate all other currencies is public adaption when you go to your grocery store and find the price in BTC on the other hand its very difficult to get it in the first place forget about the complexity of the wallet and forgetting your key/password which mean total loss of all BTC your for a normal user