Quote from: Notalony on Today at 04:58:17 AM

Quote from: Viscore on June 27, 2024, 09:30:00 PM

Quote from: DrHodler59 on June 27, 2024, 03:16:47 PM

Hello!

I would be interested to know what you think is the biggest criticism of Bitcoin or where you see the biggest weakness?

And what would you respond to this criticism if you were confronted with it in a conversation?

Thank you for your critical thinking!

Yours, DrHodler59

I will not go far but I guess Bitcoin will always be criticized as a get rich quick scheme because the government always supported that accusation. Now asking how to defend that, I would not actually go in details but always tell the people to do their own research. I think that's the best favor I can do for bitcoin, not easily believing on lies but learn to verify those criticisms through in-depth research first.

Bitcoin is not a quick and get rich quick scheme, for any one to have benefits from Bitcoin as an investment it will take alot of time with patients and consistence investing, another criticism is that most people always said that Bitcoin will crash some day buti usually let them know that Bitcoin is not a scammed project just like most of other coins, while they will be having negative feeling about Bitcoin others will be taken advantage of Bitcoin, but there is no reason for arguments perhaps Bitcoin is not for everybody and it is not by force for anyone to be convinced about Bitcoin potentials.

Some will even add that bitcoin price is highly unstable and that there is no guarantee that anyone is going to get returns from it, thats their fears and there is no point, convincing anyone to invest in bitcoin. Bitcoin is not for weak people who are scared of taking risks, if anyone fears so much that he might lose his money while investing, then such a person should not bother investing because they might not be able to endure the pains if what they fear the most finally happens.

Only those who truly understand the worth of bitcoin should invest and wait patiently for whatever the outcome of their investment may be. I am a top fan of Bitcoin and there's no going back on this.