Post
Topic
Board Bitcoin Discussion
Re: Negative influence of bitcoin
by
sokani
on 05/05/2023, 20:50:44 UTC
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
There are many men of God preaching about Jesus Christ, but is it everyone that's receiving this message? Hell no... It's the same with bitcoin.. some persons choose ignorance over knowledge that can put power in their hands.

2. No refund to anyone who incurs loss through keys, seed phase or fraud.
When you're careless with your debit or credit card information and it gets into the wrong hands and your money is wiped off from your bank account... Do your bank give you a refund? Hell no.

3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
Scammers, fraudsters can never stop trying to use it to defraud people but that doesn't make Bitcoin bad either.

5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
Bitcoin is a volatile asset, the price is not stable and that's one of the things that makes it beautiful.