Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price
by
terrate
on 01/12/2018, 11:58:39 UTC
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's,  quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.

If u do CFD on bitcoin then bitcoin will be a stock. You will get history data. And the report u need to self collect on website/portal and analyse your own.
P2P is difficult because there will a lot of scam outside (like u buy from personal seller can be scam also) and also criminals will use bitcoin too and u need to face them carefully if u like to. Middleman is ok, but the problem is middleman (exchange etc) will need to do KYC if government involved in.
Sure bitcoin not fraud, but will affect by technical (example fork) and hacker will hack your things if u not careful or not familiar.