Reviews about Bitcoin
Bullruns and falls in Bitcoin are accompanied by numerous publications in the media, forecasts of major investors and technical solutions to network problems.
However, at the moment, the fortunes of Bitcoin depend more on adoption by ordinary users than on investors and programmers. So what do miners, traders and other community members think about the prospects and state of Bitcoin? In this article we will look at reviews about Bitcoin.
- Bitcoin reviews: popular platforms
- Reviews about Bitcoin mining in 2022
- Bitcoin trading reviews 2021
- Earning Bitcoin: real reviews
Bitcoin reviews: popular platforms
Bitcoin reviews
Let us clarify in advance that most of the reviews for this and subsequent sections are taken from bitkointalk.org - the largest forum dedicated to Bitcoin and cryptocurrencies.
And so, on platforms for buying/trading, Russian-language reviews date back to last year, but the situation has not changed since then, so these reviews about Bitcoin still remain relevant.
Here are several platforms where Russian citizens can buy Bitcoin:
Exchanges for purchasing cryptocurrencies in the Russian Federation
Although in general, as users note, the situation with ru-exchanges is still deplorable and p2p trading through LocalBitcoin is often used as an analogue.
Here, for example, users share verified peer-to-peer platforms where you can buy cryptocurrency:
Tested platforms similar to Localbitcoin
This is in case you didn't know that LocalBitcoin has analogues, or if you can't choose one of its many clones.
Well, here are a few more methods for Bitcoin that are relevant for the Russian Federation:
Additional ways to buy Bitcoin in Russia
True, we are not entirely aware of how you can buy Bitcoin from a Forex broker, but maybe this review will allow you to discover a new method of receiving cryptocurrency at a normal rate.
The essence of making money
The method of earning money on digital currency that we propose is not much different from the usual and familiar to all of us bank deposits: the investor is invited to make a deposit for a certain period (or unlimited) at a percentage of the investment amount.
On the Internet you can find dozens of websites of companies and services offering to invest Bitcoin or altcoins at interest (a considerable proportion of which, by the way, may turn out to be outright fraudulent resources). We will only talk about those sites with which we dealt in practice (reviews of which were posted on the pages of our site). These are cryptocurrency exchanges, which, in addition to their main tool - trading, offer their users to invest free funds at interest, and automatic trading services on crypto exchanges.
Reviews about Bitcoin mining in 2022
Bitcoin mining in 2022
The situation with mining in 2021 is ambiguous. On the one hand, Bitcoin has shown good growth over the year and mining it has again become profitable; on the other hand, the hashrate and complexity of the network have also increased significantly, effectively knocking retail miners out of the game.
☝️
We recommend reading: Mining in 2022 – how profitable is it?
Here, for example, are calculations for Bitcoin mining on Antminer S9 in Ukraine. True, these are the figures as of January 2019, when Bitcoin was worth about half what it is now:
Profit from Bitcoin mining in Ukraine
Here is another review about Bitcoin to confirm the previous one. True, one of the users is confident that after all the “unprofitable” miners leave, the rest will be able to receive more money (don’t ask how, we don’t know):
"Positive" aspect of low mining profitability
To be fair, it is worth noting that in recent reviews of miners, we made an approximate calculation of their profitability and with the cost of Bitcoin at $8,000, Antminer S15 can produce $60 per month in Ukraine. Which is still far from the profits of miners in 1917.
☝️
We recommend: Earning money on cryptocurrency: 11 ways without and with investments
But for example, an article from tadviser.ru, we took it because... the authors refer to the opinion of a real person, which is also a kind of review about Bitcoin. And so he says that it’s hard for miners these days:
Interview about mining with the founder of RocketBounty
Well, here is a message from October 24, 2019 in one of the trader chats. On this day, Bitcoin dropped by $500, but:
Trader's review of the difficulty of Bitcoin mining
But a participant in the English-language bitkointalk thread believes that the miners are already late (and this was last year), since it will be extremely difficult to mine the remaining bitcoins and it will be more likely for large mining pools to do so than for private miners:
It's too late to start mining Bitcoin
His opinion is also supported by Russian-speaking fellow miners. Although they recognize the profit from mining, they understand its real level and costs. Therefore the situation is approximately as follows:
Feedback on the futility of mining
And here they note that it is unprofitable to mine not only Bitcoin, but also top altcoins, which also have decent computing power:
Mining Bitcoin and top altcoins alone is unprofitable
☝️
Most users agree that Bitcoin mining in 2019 is unprofitable for individuals. Especially considering the new bearish trend according to some traders, which, according to some estimates, could bring Bitcoin down to $6,000.
But, since the hashrate and complexity are constantly growing, we can conclude that large pools and corporations are increasing their computing power in order to squeeze as much profit from the network as possible.
Bitcoin mining in 2022
Peculiarities
pros
- Additional earnings Passive investments in Bitcoin (or other cryptocurrency) generate income due to the growth of the coin rate. Profit is formed due to the difference between the purchase and sale prices. Investing cryptocurrency at interest until it is sold is an excellent opportunity to earn extra money.
- Passive income Requires virtually no time or attention. The level of income directly depends on the amount of the deposit. Depending on the investor’s goals, profits can be withdrawn/cashed out and used at your own discretion, or reinvested, increasing the deposit amount.
- Favorable interest Deposits in cryptocurrency will provide a much more favorable interest rate on the deposit than the traditional bank deposits already mentioned above. Starting from “moderate” profit (36-48% per annum), ending with a profitability of 10% per day (or more).
Flaws
- Perhaps the only, but quite significant, disadvantage of investing cryptocurrency at interest is non-trading risks, such as, for example, the option of closing the exchange, resulting in the loss of all invested funds. However, this equally applies to any crypto trader trading on the site. Often, non-trading risks are simply ignored by most who trade as unlikely. And banks in the vastness of our country are not particularly reliable.
Bitcoin trading reviews 2022
Bitcoin trading reviews
Trading in 2021 feels better than mining. This is due to both the growth of the Bitcoin exchange rate and the specifics of the activity. For example, on Bitkointalk they quite rightly note:
The main advantage of trading
As for Bitcoin trading specifically, English-speaking traders now prefer to play long, despite the bearish trend. It is better to “buy when it’s cheap and wait until it’s expensive”:
Non-professional traders are better off buying Bitcoin for the long term
This opinion is also shared by a participant in the trader chat mentioned above:
Custom Bitcoin Trading Strategy
True, he admits that he could lose everything by playing for the future, but the chances that Bitcoin will completely collapse are extremely small.
But here is another opinion from Bitkointalk and its author believes that playing a long position is now extremely risky:
Risk of buying Bitcoin for the long term
Well, and a comprehensive answer to several questions on the English-language thread. In short, the point here is that analysts are wrong, no one can predict for sure where the Bitcoin rate will go (not even Novogratz), so it’s better to trade rather than walk coins:
Unpredictability of the cryptocurrency rate and advice to trade short
☝️
Unlike miners, traders do not consider their activities unprofitable or unpromising, although they say that speculative play on Bitcoin will not work now, and it is better to place bets on long-term growth. Nobody believes in X’s anymore, but the coin is still held in high esteem by investors and traders with patience.
Cryptocurrency BitCoin (BTC) - reviews
1987Ekaterina1987
This is generally a scam, and a friend is trying to make money on referrals. You were right when you said the analogue of a pyramid. If you don’t believe me, stop watching the advertisement, the whole schedule is written there with exact calculations. Well, you might earn 100 rubles a day.
Andrey
https://kudavlozitdengi.adne.info/otzyvy-o-bitcoin/
I don’t know why there is such a stir around these bitcoins, in my opinion this is another US operation to solve the problem of its external debt, everything is very simple, raise the bitcoin rate to a very attractive height, convince the states holding US government debt to transfer these debts into bitcoins, and then collapse the rate this unsupported pseudo-monetary unit. there were trillions of debts will become billions or millions, everything is simple, but for some reason no one wants to see it. the balls were filled with supposed profits, no one will ever allow you to withdraw your finances from bitcoins, at the beginning it was and will be on the rise for some time, but soon within 10 years I think, although maybe faster, when everyone takes the hook deeper, there will be a huge mess , and the states are in chocolate and without debt.
Sanya Legkobit
https://vk.com/topic-132420576_35383269?post=18
In short, Bitcoins really don’t bother me, you ask, so I’ll answer, I think it’s better to earn money in normal currency in hryvnias or dollars, these are bank currencies and will not disappear anywhere and are very reliable than Bitcoins since Bitcoins cannot be considered a reliable currency. This is not a bank account; here all responsibility lies with the person himself. no one manages the money, except the owner, no one can freeze the account and close it! and I think on the contrary, for example, I wouldn’t go to the store with bitcoins because no one will take them!!!!! This is not convenient and very confusing in my opinion!
Elencka
https://otzovik.com/review_5824658.html
Advantages:
At least for a while people will feel rich!
Flaws:
Virtual world! And we live in the real! Don't forget about it!
I read about this cryptocurrency Bitcoin and I’ll tell you what. This is an illusion... a trick of your imagination! Why did I decide this... And here's why! This cryptocurrency... the cash equivalent is not confirmed by anything! That is, nothing is guaranteed! Not gold... not oil... not medical developments... not other precious metals and even things. It is growing because... people are investing their real money in this project. I have friends... who invested... that is, bought this cryptocurrency on the Internet. And their deposits increased tenfold. But there are no acquaintances... who would withdraw this money and hold it in their hands! There is a lot of advertising and PR... a lot of people want to get rich... that’s why people fall for this whole PR campaign and put their money into accounts on the Internet! My dears... as soon as a way to withdraw money is found... everyone will rush to withdraw it... And everything will burst! Who doesn't agree... Write! But I’m telling you for sure... it will happen! He will fall with real speed! And everyone will say: “They deceived us again.” But it’s all you yourself. Money doesn't like risk! Remember this once and for all!
MacDac
https://businesslike.ru/payments/zarabotok-na-bitkoinah
I tried to earn these BTC on 23 sites at once in one day, with this help I earned 50,000 satoshi, in total I get 0.04 cents. As a result, in order to earn 1 BTC, you need to click these captchas on these 23 sites every day for 20 hours for 1 year.
Bottom line: A SCAM of advertising companies!
Rakitin Sergey
https://www.bolshoyvopros.ru/questions/2550039-bitkojn-bolshoj-lohotron-kakie-otzyvy.html
There have been many similar examples in history. One of the most famous is the tulip boom in Holland in the 17th century. The point was this: when tulip bulbs were brought from Turkey to Holland, the locals liked them so much that prices for planting material went up sharply. This madness continued for several years until the price reached an astronomical level - for an onion you could buy a decent house in Amsterdam. But then there was a collapse - when the total cost of tulip bulbs exceeded the total amount of money in circulation. Suddenly, one not very pleasant day, it turned out that there were problems with the sale of bulbs. The market was in a stupor for several days - prices stopped rising, but there were still no real transactions. The most impatient, who urgently needed money, began to reduce the price, but there were still no sales, because... people believed that the price would fall further, so it was not worth buying now what would cost less tomorrow. As a result, the process began to develop like an avalanche - within a month, prices fell several thousand times and tulip bulbs began to cost as much as they should have - like a glass of beer or a loaf of bread, but not a mansion in the city center.
Why did I tell all this? Yes, to the point that the history of Bitcoin will repeat the “tulip madness”. At one not-so-great moment, a fairly influential group of people will say: “Bitcoin is bullshit, a “digital nothing,” useless garbage on a disk and worth nothing.” And after some time everyone will agree with this.
PS If the example with tulips is not convincing, you can take a more recent case - the dot-com crash in the United States in 2001, when the prices of shares of Internet companies collapsed hundreds and thousands of times.
Marat
https://kudavlozitdengi.adne.info/otzyvy-o-bitcoin/
Bitcoins will be illegal from 2022. The government has already developed a bill. Only idiots believe that Bitcoin will be the official currency... the euro ruble and dollars are backed by gold or securities, and Bitcoin is nothing... Draw conclusions and sell before it collapses to 10 rubles per piece.
