Rising out of the niche of the drug trade (Silkroad), the crypto currency Bitcoin (BTC) today, due to its decentralized anonymity, promotes and supports highly illegal and highly destructive businesses such as drug and Arms trade, as well as child pornography and human trafficking (prostitution, forced- and child labor).
Not to be forgotten, the Bitcoin is also repeatedly used by hackers for their shameless extortion (see current hacker scandal at the Düsseldorf/Germany University Hospital of September 10, 2020). All in all, this coin has a strongly corrosive, global-social very destructive influence.
In addition, the BTC is a popular manipulation tool in the hands of a few large investors. Through targeted contact and Selling in very large quantities, the market is regulated and thus dominated. This price manipulation is always at the expense of innumerable small investors and day traders who hope for a quick buck to earn a little extra income for themselves and their families. Many private existences have already been destroyed or damaged in this way - which in turn leads to a dependency on said large investors who apparently offer their products and services against fiat currency and not against Bitcoin (!) On the world market.
An investment in this cryptocoin should not only be questioned from a moral point of view.
How do you vote?
Even the creators of Bitcoin are unknown, associated with some weaknesses as anything new in any field, it gave room for improvement in blockchain technology and cryptocurrencies hence the inventions of YEM but it shouldn't be attributed to most illegal activities in the world because they have been happening Even before Bitcoin existence with fiat currencies.
added by Anonymous 1226 days ago
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I don't consider Bitcoin as a high investment because of it's volotality it may even collapse to zero that's why I don't even consider it asafe Haven.
added by Anonymous 1551 days ago
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businesses such as drug and Arms trade, as well as child pornography and human trafficking (prostitution, forced- and child labor).
added by Anonymous 911 days ago 0 0
In addition, the BTC is a popular manipulation tool in the hands of a few large investors. Through targeted contact and Selling in very large quantities
added by Anonymous 912 days ago 0 0
Bitcoin is questionable because it is on public Block chain, it has unknown directors and founders.
It's hackable hackers still people money that is No trust not genuine.
Volatility is also leads people to loose there money buying in higher price and slow down that is why it's illegal to so many governments Not accepted.
added by 1001064425 1550 days ago 1 0
Well, Bitcoin (BTC) investors are worried because of constant flactuation in its price. If you compare it with YEM the value if YEM is increasing as the number if users increase too hence making YEM a safer investment for all participants.
added by Anonymous 1556 days ago 1 0
Yes because its booming on market and it will win all cryptos on markrts as a sign of an exchange after changing peoples lives.
added by 1001061550 1557 days ago 1 0
Bitcoin is anonymous, not easily minned so not reliable and not yet legal as far as IMF and UN are concerned.Besides Bitcoin has not got any Known projects in which it is used
added by Anonymous 1557 days ago 1 0
The bitcoin is is acurrency that l dont trust however much it is in corroboration with yem, but it is involved in many illegal businesses ans it is apublic business to me with alot of coffusion
added by 1000965722 1558 days ago 1 0
Bitcoin is a crypto that I cannot trust because of its on a public blockchain, slow pess transaction, high volotality it includes even in illigal business alound the world lastlly it's mining pool is not easy.
added by Anonymous 1559 days ago 2 0
Yes because Bitcoin business most of the people have scammed from it , Bitcoin left it's clients in the open hands of scammers .
added by Anonymous 1559 days ago 2 0
Actually BTC was is used as a gateway to the crypto world but in actual sense its now being manipulated in the hands of many hackers but we are happy God remembered his people thru rainbow currency indeed it's a rainbow Gods protection from the whiles of the devil.
added by Anonymous 1559 days ago 1 0
For bitcoin, even if you do enough research about it ,So Long as you are a new comet, it's a sure deal for you to expect frustrations and disappointments.
So encourage people not to think about bitcoin at all b'se it has no future in 10 years to come apart from rain bow currency.
added by 1000987739 1559 days ago 1 0
Indeed because of its decentralized character bad people are exploiting it since there is no regulation of it. In addition because it is not backed by a real product the big investors are using it as a tool to control the market therefore little men are seeing their fortune evaporated in a fraction of second.
In conclusion one should be very aware of the volatil character of bitcoin and look for another crypto alternative like YEM.
added by Anonymous 1559 days ago 2 0