Post
Topic
Board Bitcoin Discussion
Re: What is Bitcoin?? History of cryptocurrency.
by
Alone055
on 21/04/2024, 12:21:49 UTC
Finally, should you invest in Bitcoin? Anything that tempts you to get rich easily should not be invested in. Cryptocurrencies of all kinds, including Bitcoin, are still illegal in many parts of the world. But you can invest a percentage of your amount in the world at this stage. Bitcoin is a fad. I don't know. Satoshi Nagakoto I find it very strange that one person or group of people invented something like Bitcoin. Which can be an alternative to currency all over the world or has become an established digital currency. Yet this man or a group of men does not come before the world and say that we have made it.

Let me be honest, I didn't read the whole post and skipped to the end and read this paragraph that I'm going to respond to.

1. Why should Bitcoin tempt one to get rich easily? Does it say in its whitepaper that Bitcoin is a scheme where you get a certain percentage in return if you buy it? No, it doesn't, then why would someone think that way? It's because it has a growth mechanism and it tends to go up in price over time, but that is just one side of the coin, the other side says that it drops significantly as well, why do those who think it is a get-rich-quick scheme consider this fact as well?

2. It seems that you didn't do much research before coming here and writing a whole book in a single post because if you had done that, you would know that the creator of Bitcoin is Satoshi Nakamoto and not "Satoshi Nagakoto", and the reason why he or his group decided to stay anonymous is unknown to us but we can assume that he or they knew that if Bitcoin becomes famous in the future, it can be bad for them to be known to the public because it can become life-threatening. Imagine if Satoshi was known today, he wouldn't be able to live a peaceful live, wouldn't even be free or alive by now.