Post
Topic
Board Bitcoin Discussion
Re: Why I Disliked Bitcoin
by
Victorik
on 07/08/2022, 18:50:47 UTC
I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

Yea..I totally agree with you. Instead of completely rejecting a new concept, one should rather have an open mind towards it, you never can tell, you might miss out of a golden opportunity.

I share a similar experience with yours, I didn't want to have anything to do with BTC for a while due to my previous experience with Ponzi schemes. I did lost a lot of money to Ponzi, and I thought BTC was one of those schemes too, not until I started to listen to advice from a friend. That's when I finally accepted it