Topic: Is Bitcoin a scam - page 2. (Read 949 times)

We learn either in the hardway which have made many investors to quit or the easy way, which means stacking up profits with appropriate information. Been adamant to instructions that concerns bitcoin, don't blame them because most of them have suffered huge losses which have plotted the mindset of seeing bitcoin as a scam. It's facts, when one doesn't have a proper stands in the system and losing back to back to bitcoin, he or she will start sensing Bitcoin to be scam because there's no presence of evidence.

Those people who say that Bitcoin is a scam are ignorant of investing, I would say they have no idea about Bitcoin which is why they comment. Bitcoin is risky If we can check the market in Bitcoin and invest for long term with patience then surely we can get success in Bitcoin investment. Many times it is seen that if we invest by looking at bitcoin market urdu momentum then suddenly if bitcoin market goes down then we should not have volatility because bitcoin market is always volatile we think about that volatility and think about era if we invest bitcoin patiently  Of course we can succeed. But those who invest in bitcoins to get rich overnight I would say that if they invest overnight then they will not get a success .

Bitcoin will not be what it is based on what comments are made about Bitcoin, but Bitcoin will remain as it is. Just as there are people around us who have a positive mind about something, there are also some people with a negative mind who always think negatively about everything. Someone said bitcoin scam and bitcoin can disappear from the market anytime bitcoin scam is the thing but it is not like that at all. Basically, those of us who know about Bitcoin and have been involved with Bitcoin for a long time may have understood by now that Bitcoin is not a scam at all but Bitcoin is the most reliable digital currency. As much as we think, we should be in the thought that the other person said something, we should not give so much importance to it.

Whoever posted this quote bitcoin scam doesn't know what bitcoin is. He is addicted to alcohol and does not know what to talk about and what to say. This is a proper transaction method as this is the only P2P Bitcoin transaction that is completed without a third party. Bitcoin has gained the most popularity among the people of the world and around the world because of these transactions, so these secure transactions will play a more important role as time goes on. So we are never worried about posts saying that Bitcoin is a scam, because we all here know that Bitcoin is actually a safe transaction system.

You can’t blame them if they are adamant to Bitcoin and think it’s a scam because their whole life they knew only about fiat currencies. No matter how much you explain to someone who doesn’t have interest, they can’t see the advantages of Bitcoin nor why it is good. But we are all learning with time, so maybe in the future they could learn it from someone or somewhere else.

Only those people who loses their money because of their impatience, lack of research, undisciplined effort are those who tell that Bitcoin is a scam. End even those who are scared of Bitcoins downfall, because they cannot cope for the risk taking that the cryptocurrency would require. Little do they know that their whole life is in matrix of manipulation by those who are real influential. The taxes, the schools, the news, real state, housing loans, those are being setup to scam people. But most people cannot see or understand it. They are already brainwashed and can't scape to true reality. That most political issue are being setup and manipulated by big people over the world. That's why to escape you need much of generational wealth, and Bitcoin can help you achieving that if you know what you are doing in the market.

If Satoshi himself didn't want to waste time explaining what bitcoin was to people not interested in learning, nobody else should do it. If people are happy being enslaved by fiat currencies and paying a lot money for taxes, money that usually is either stolen or wasted, let them be. It's ok to talk about bitcoin if the topic comes up during a conversation but if the other person is not open to learn than it's pointless. Maybe they'll understand in the future.

There are so many things we need to learn so that we can understand what we need to call a scam and we don't have the right to call a scam. The government is the one scamming us and we need to open our eyes and ask why we are paying tax for everything we do.
Even with the fund we have already paid tax for, we still have to keep paying the tax because everyone see it as an obligation and anyone that don't pay would have to be penalized. Bitcoin is really saving lives for better and we should not miss the opportunity.

Bitcoin is not a scam and can never be, it has proven beyond expectations, all the purpose to which it was made for are unvailling spontaneously, it is the best when it comes to the world class largest digital currency. It is still best and will remain the best. Those who doesn't believe about the potentials Bitcoin has are only narrowing their mindsets about innovations.

Only newbies are the ones who would really be calling Bitcoin as a scam and not into those who are already been here on this market for a while now or a couple of years already.It would really be just that normal that they would really be having that kind of impressions on the time that they've seen their portfolio become negative and not on the time that it is really that increasing or profiting. Due to lack of knowledge on how this market behaves then you would really be having that kind of approach and impressions that you are too positive but it turns out to be that negative and this is something on which you would really be having those kind of impressions and approach on how things do looks like. Bitcoin is a scam? Sooner or later you would be able to laugh into yourself on how foolish you are on believing such joke.Although it would really be better that you should be expecting not something with it. Invest on what you can afford to lose as always so that you wont really be stressing up yourself on the time that the price would really be dropping. How much more if the market would really be experiencing such drop then it would really be normal that you would really be ending up on those mixed emotions.

Never i think like that. I think who have not enough idea/knowledge about Bitcoin he will tell Bitcoin is scam. But now a days Bitcoin is well established in world economy. It’s usability and credibility increasing day by day. Every sectors Bitcoin using now a days. Even now a days Bitcoin's marketcap and volume also increasing, as a result anyone cannot think without Bitcoin in economic sector. I think in future Bitcoin will more important in economic sector.

The general practice is that when they consider bitcoin as a pump and dump it will be considered a fraud, there is no real asset value based only on the speculation of certain people, yes that is the thinking of those who do not believe bitcoin let them be silent because after bitcoin continues to rise then it will silence the conversation.

There are still many people who view bitcoin negatively this is still very reasonable because it is not in line with the government that can control it, they prefer a definite investment even though I myself consider bitcoin to be definite and a good investment instrument than other assets or other property.

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

Millions of people go to work for a few thousand euros or dollars a month and they have to work several hours a day. Some 10 hours, others 5 hours, this 5 days a week, or more. At the end of the month they get the money into a bank account, which costs money and is controlled by someone else. The money you get on the account is taxed and if you want to buy something with it you have to pay taxes again. And now this: the state just print new paper money and that without an equivalent service in return. Just think about it and then decide what is best for you and your family and friends.

It is only those who are eager to learn and know what Bitcoin is all about can devote their time but as for those who are adamant, they will have to need time to really understand the fundamentals of Bitcoin and how it works so that they do continue in their misconceptions and being a a barrier to themselves from having knowledge of how Bitcoin works. I have had many experiences with this kind of people. We talk, we sometimes argue and we resolve to the fact that they have seen the reality with proof should facts to agreeing with my explanations.

The narrative about Bitcoin as a fraud will never disappear because it was deliberately created to influence the public, even though most people are no longer influenced by this narrative. Fraud has been thriving among society and even before Bitcoin was created there were many narratives of fraud that were always associated with fiat currency and other investments. The increase in price is clearly getting better from the beginning until now and the process of bitcoin's journey has provided an illustration of how bitcoin continues to increase after finding the next ATH.

Bitcoin price rises and falls are common because this asset is quite volatile, but what makes it more fundamental is because it always brings about a recovery process until it is in a halving condition. There is nothing to worry about and most importantly how can we continue to accumulate bitcoins responsibly to get huge returns in the next ATH.

You need to put something onto the mouth of these people that are persistent and keeps on mocking us that bitcoin is a scam. It's no longer an argument to them but more of wanting to flame bitcoin investors that's why giving some proof to them on how did you used bitcoin is going to make them silent. But if you're not into that kind of thing, it's also fine but for me, if I am not in the right thinking and they're already flaming too much, I'll just show them any proof that has benefited me from investing into bitcoin and it's not a scam.

 Blockchain is the technology behind bitcoin. The blockchain technology can be used for numerous application in business. Bitcoin is the means in which miners are paid for facilitating transaction throughout the blockchain. Without bitcoin the blockchain wouldn’t work. As blockchain technology becomes more widely used, so will bitcoin. Not only that, but bitcoin is a way for anyone , anywhere to send funds globally, securely, cheaply, and almost anonymously. However I am not saying you can't lose money on it. If you don't believe in the technology then definitely don't invest more than you can afford. Bitcoin is not really about money or investment. The coins have value and people do invest in them but Bitcoin is about allowing trustless trade over a digital medium. It’s pretty simple in how it works and is not controlled by anyone. And there is the reason it can't be a scam. Because no one is running it. The technology may fail to live up to the hype. The value may go up and down. But it is not a scam.
   Apologies to the BTC haters. And other idealist. BUT BTC is a real product. And therefore is not a scam. It may be as bad product as some like to argue the technical details. And it may not end up as the top coin in the future but right now it works, you can buy it, and more products like the lighting network are being built on it. Everything in life is a risk to some extent, it’s up to the individual to do their own research as to whether an individual investment is right for them. My best suggestion as a way to obtain the level of conviction I have in Bitcoin is to read widely (plenty of material in libraries on this), possibly follow the logic of Michael Saylor on Youtube Bitcoin, and from there you can draw your own conclusions as to whether its a scam.

Those who judge Bitcoin is open based on their knowledge will of course think that Bitcoin will make someone lose by holding it, but if they want to find out about Bitcoin of course they will be interested in using Bitcoin as their investment and it will certainly be very useful for their future.
You are right, by giving them the correct understanding of Bitcoin, of course this will reduce someone who misunderstands Bitcoin and this is very good because they will be able to teach other people about Bitcoin correctly according to what they already understand.

Not everyone who calls bitcoin a scam has no knowledge about bitcoin, there are still some people who understand bitcoin very well but they still spread bitcoin as a scam. But we cannot know what their real purpose is, maybe they want to deceive people or maybe they are jealous because they missed the opportunity with bitcoin.

You're right, no matter how good bitcoin is, we will always need fiat currency in many cases. But the funny thing is that when many people know about bitcoin, they like to badmouth fiat but they still use fiat every day.