Some Bad Sides of Bitcoin!(Part-2)
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Assalamu Alaikum
1- Since the personal information of the recipient and sender of Bitcoin transactions is confidential, and it is used for criminal activities, such as Bitcoin transactions in the case of buying and selling illegal goods, even DarkWeb Bitcoin transactions,
And precisely for this reason, Bitcoin lending has been banned in various countries to avoid crime.
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- We all know that there is no limit to Crypto Currency transactions, and criminals use that advantage to launder money, and that's why Bitcoin has been declared illegal in various countries.
- Since Bitcoin Decentraliz does not involve any third party, if someone mistakenly sends their Crypto to someone else's wallet, there is no hope of getting it back.
- The price of Bitcoin is always unstable, so there are various problems to transact, like if someone has sent a certain amount, it becomes less or more after the wallet arrives.
- At present, some criminals are using Crypto Currency and doing huge Scam from Crypto Market, they are creating new coins, scamming common people by trapping them, people are losing their trust in various good coins including Bitcoin.
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Everything in the world has its good side and we also see its bad side, real Bitcoin is an online currency, now using this currency for good and bad purposes is completely personal, and for this problem it is completely wrong to think that Crypto Currency is illegal,
When bitcoin is pumping big, then bitcoin gets headlines in different media, good comments are given, it promotes bitcoin, and when bitcoin has a bad time, those media make bad comments about bitcoin, and bitcoin gets a bad impression, in fact, the media always Crypto Currency presents poorly with Sabah,
This is the end of today, everyone, be well, stay healthy, Allah-Hafez,
https://twitter.com/RakibInsid68546/status/1785850616264175860?t=Xk6LuOwR0JaVxYLK-tSG_g&s=19
One thing that gives Bitcoin bad reviews a lot is the fact it facilitate criminal transactions giving them the annoymity the crave, well apart from that though good things are found in Bitcoin. Thanks for sharing this information on Bitcoin friend.
While Bitcoin gains appeal around the world it's essential to recognize its downsides together with its advantages. Bitcoin's privacy assists in criminal tasks like getting illegal products coupled with performing purchases on the Dark Web causing restrictions on Bitcoin offering in some nations. Furthermore, the absence of purchase restrictions allows cash laundering adding to its unlawfulness in specific territories. In addition the decentralized nature of Bitcoin postures difficulties such as permanent deals coupled with cost changability making it vulnerable to frauds. It's essential to browse these intricacies to make certain the accountable and also moral use cryptocurrencies.
Nicely discussed the badsides of Bitcoin. Thank you brother.
Thanks for your Beautiful comment,