The light and the dark side of Cryptocurrency

[Imaankhan 208]

On 11/9/2019 at 7:28 PM, Rg123 said:

Well, the good side of crypto is we all know that this is the source of money some how, and the bad side of crypto is the fluctuation of it, its because the price of bitcoin in every hour it can be higher or lower.

Yes i agree with you completely it is obviously the good side that we can earn from crypto with few strategies we can have good profit but yes everything has a bad face also the price keeps going up and down we have to face it.

[Red-Jones 1150]

everything that is created to be used with great wisdom and to make life easier for us is used for very wrong purposes by small groups of people. Look at beer as an example of what I'm talking about, people drink too much and get in a car accident and die, others get serious health problems because they drink too much, other people become addicted and have high debts. Cryptos is no different

[Ms.o 3322]

As we all know,good sides of crypto is the convenient way of transacting,buying stuffs and earning money from it without the needs of going to work,but every good side has its bad sides and one of this is its votality in price,and price depends on the demands so we will never know what else crypto can give to us in the future,as it has no stable price so we either win or loss.

Edited February 3, 2020 by Ms.o

[Ayush Singh 1175]

The light side of Cryptocurrency is that it gives great earnings through the coins from which till now many users has made high profit and the dark side of Cryptocurrency is the fluctuation rates of it coins which can be overcome by having patience.

[Ashkwik 122]

On 11/9/2019 at 7:28 PM, Rg123 said:

Well, the good side of crypto is we all know that this is the source of money some how, and the bad side of crypto is the fluctuation of it, its because the price of bitcoin in every hour it can be higher or lower.

You are right. Your point of view on the subject matter is understandable the price of Bitcoin in every hour can be higher or lower

[Hanan951 841]

Good of course , but the crypto also have a lot o rules from countries bug countries that is really make it need note time to grow up, alpt of countries been blocked from using crypto..

[Armcannon 858]

The light and dark of cryptocurrency is it's price volatility.people and investors may get a huge profit when it's price increase but it also has a chance to drop it's value even in a single day so. I suggest everyone to monitor its price consistently.

[ArsalMajeed 178]

Well as you know everything has dark as well as good aspects. So nlockchain technology is also same. The biggest benefit is fee free cross border transactions . It has enabled us to pay in dependently and make most re secure payments. However if we discuss its use in darkweb & criminal activities by underworld so it is also true that this was started by the US security authorities for some illegal operations during Afghan war so we cannot blaim some single individual or authority.

[Cryptotakl1 0]

Crypto currency is a popular and expensive currency in the present world .in crypto currency if you have knowledge and confident .

[Brushless4500KV 4214]

4 hours ago, Armcannon said:

The light and dark of cryptocurrency is it's price volatility.people and investors may get a huge profit when it's price increase but it also has a chance to drop it's value even in a single day so. I suggest everyone to monitor its price consistently.

Volatility can be light for some and dark for others. Those who have earned profit from fluctuations will see it as the light side and those who have lost money will think of it as the dark side. But cryptocurrency is not only about volatility. For me the light side of crypto is that no one can restrict your transactions to particular regions. You can send money to any part of the world. Another light side is that creating a crypto wallet doesn't require any paper work. It is done very fast. You can open as many wallets as you like but you can have only a few bank accounts.

[Xaurum05 1]

Indeed, the great side of crypto is we as a whole realize this is the wellspring of cash some how, and the awful side of crypto is its vacillation, this is on the grounds that the cost of bitcoin in consistently it tends to be sequential.

[Epic 289]

I see crypto as a good source of income for a lot of people in the future. A lot of online jobs will use crypto as a mode of payment in the future and crypto will be a form of relief for most people who have to pay huge taxes in their earnings. The bad side is most governments would likely be more strict when it comes to people who trade in cryptocurrency because they will see this individuals as someone who tries to undermine their right to tax every source of income.

[Cryptominded 704]

On 11/9/2019 at 3:12 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

The driving force for creating cryptocurrency was not just to provide a means for buying and selling on the internet (there were already a number of those) but to have a payment network that by-passes a third party especially the banks and the authorities. That makes the possibility to have tamper resistant transactions one of the lights of Bitcoin. On the other hands, scam and hacking activities have been all time high with the emergence of cryptocurrency, because some criminal minded people like to hide under the anonymousand decentralized  nature of the coins to commit crimes.

[Ricardo Walker 196]

There are many good sites of cryptocurrency which is light or dark. the best side is we can earn huge amount of cryptocurrency from the crypto world but the bad side is there is much possibility of your crypto getting scammed.

[Cryptoba 37]

Well every side has its good and bad face..but according to it its depends on user whether what he will do I myself find cryptotalk is a excellent way of earning money but somehow some people is killing its reputation through evil vows like money laundering,trafficking,spamming etc

[amara123123 76]

The most amazing features of crypto market and blockchain technology to fast transactions confirmation and verse things is huge volatile prices of this market. 

[Sedy 670]

On 11/9/2019 at 7:42 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

The future of crypto currency seems bright and also a haven for bussiness and companies ,it makes transactions much easier without going through all the paper works , crypto currency according to me would be used as payment of salaries ,introducing new coins for different field of work. Binding all together as one common currency would be bitcoins.

[Cryptominded 704]

On 2/8/2020 at 1:36 PM, Hasan01611 said:

Well, the good side of crypto is we all know that this is the source of money some how, and the bad side of crypto is the fluctuation of it, its because the price of bitcoin in every hour it can be higher or lower......

I don't agree with your take that because something is a source for making money it can be rated as good and the fluctuation in price is not indeed a bad thing because that is the reason profit making becomes possible in the first place. If the coin were stagnant, profit making would have been a tall order.

[James001 2]

I am no longer moreover attracted in new projects at this time.  Just follow by the side of and suppose free coins.  Because there are exceedingly scores of playoffs and falsehood in every forecast at the moment.  All having one goal is individual gain, not mutual promote in the crypto world.  So the norm of the Bitcoin norm has been abandoned a group nowadays.
 

[Whited35 15285]

I am more concerned due to bitcoin limitations. Black market activities could damage the reputations in the crypto world, in BTC network once you lost your funds or sent to wrong address, that can go forever because there is no chargeback or refund function. 

[Hanan951 841]

On 2/4/2020 at 1:18 PM, ROCKETonBIT said:

Some darkness of Crypto Currency occur because of the users itself so all in all this bad side is not came from the Crypto coins itself. But it's benefits is the perfect way to improve the payment system in the society.

Nothing is bad we just make it bad you know by the way we do use it. But okay crypto coin make everything more quick. 

[guatazoo 7150]

2 hours ago, Raisat Jahan said:

Bitcoin should not be made illegal by nations just because it is used by criminals. Well there is a point to be made that the anonymity of Bitcoin makes it a favorite among criminals. In fact, there has been an increase in ransomware attacks in recent years, as outlined in the graph below.

been used by criminals is nit the main reason, you see crypto is not controlled and people are doing business in crypto without paying taxes, that is a threat to the governments.

[Sedy 670]

On 11/9/2019 at 7:42 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

The light side of crypto currency is due to the nature of its fast ,reliable and safe transactions which are private and untraceable giving the buyer and seller an advantage to not expose themselves to public .. on the other hand ,crypto currency are utilised by criminals for criminal activities in privacy the only downfall of crypto currency is if it lands in the hands of scammers,criminals, and money laundering by terrorist.

[Sid 589]

On 11/9/2019 at 9:12 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

In my opinion, the positive side of crypto currencies in the future is that transactions between countries will be very easy and fast so that trade between countries is really smooth. Maybe the negative side is that illegal goods transactions will also be easier and harder to trace.

[Romaan1987 601]

On 11/9/2019 at 7:12 PM, GhoulSlayer said:

Cryptocurrency was started as a means to buy and sell through the internet. Once blockchain technology was released to the world it opened up the buying and selling worldwide and for anything, whether legal or illegal. Law enforcement has been busy trying to follow this trend because of the dark web. The selling of human trafficking to real underworld activities began.

But there was also the light side of cryptocurrency where one could buy goods for instance, real estate, food, clothing and not have anyone know what you are buying. No tax, no paper trail. Sounds like the good ole' days of the 1800's when there was still free enterprise, where one was free to buy and sell under their own terms.

What do you see as the future, good and bad, coming from cryptocurrency?

I am very hopeful for bitcoin in near future that we will definitely have a clean and clear financial system for bitcoin. The lighter side of bitcoin is bigger than the darker. Financial authorities would definitely find a way to resolve the disadvantages of crypto curerncies.