Is Bitcoin a scam - page 6. | Bitcointalksearch.org

Lucius

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Quote from: seoincorporation on March 24, 2024, 06:25:41 PM

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.
And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

I agree here, Bitcoin is not for everyone just like trading on Forex or stock exchanges is not for everyone - people lose money constantly on various investments, but we will hardly hear that they will accuse a well-known (influential) company of being a scam because their shares lost overnight 20% or more in value. As in real life, people fiercely attack those who cannot or do not want to defend themselves, and given that Bitcoin is decentralized, it is very easy to say that it is a scam and that it consumes electricity like some country, and that we will remain in the dark because of Bitcoin mining.

Of course, scammers use Bitcoin to the limit, but you should never blame the tool, but the person who uses that tool. Besides, for a scam to succeed, there is always a need for a naive victim, and the fact is that we have millions of people who behave just like that thanks to governments that do not provide for their education.

btc78

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Honestly I do not understand those who think that bitcoin is a scam. Do they think that our money just grows out of thin air? No it does not and there is a perfectly clear explanation as to how it grows. They just do not want to listen and honestly if they do not want to hear it then it’s better to just not talk to them at all.

There is no point in talking to someone with closed minds. If they are ready to understand everything then we can explain but otherwise it’s moot and useless.

headingnorth

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Bitcoin spot ETF is now traded on the New York Stock Exchange and NASDAQ just like Amazon, Google and Apple stock are traded.

If bitcoin was a scam there is no way the government and SEC would allow it to trade on the biggest stock exchanges in the world alongside the most legit companies in the world.
Point out this fact to anyone who tells you bitcoin is a scam and it should shut them up real quick.

Ayers

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Until now, there are still some of my friends who still don't believe in bitcoin, they call it gambling, ponzi... they still believe that one day it will collapse. But I think it's because they missed it, and I'm getting better off than them because of bitcoin, and they're just jealous of me so they continue to have those negative thoughts. But no matter what they or anyone else says about bitcoin, I don't care because I'm busy enjoying the wonderful benefits that bitcoin brings Cheesy

. In my opinion, we should stop worrying about those meaningless things, they only waste our time.

No matter what intentions they have for us when trying to fight against bitcoin, I am sure of one thing, they will never help us when we are in trouble, but bitcoin will definitely be an opportunity for us to overcome difficulties. So I don't want to waste my time with those people.

AmaGold70

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Quote from: coinlary on March 24, 2024, 05:49:56 PM

Is Bitcoin a scam

It's so funny that at this stage and century , some people still believe that Bitcoin is a scam after it has proven itself over and over which has led to it's massive adoption.

If anyone still thinks Bitcoin is a scam then he or she is a slave to fiat system and believe it or not Fiat is brain rot.
There are so many things these peoples must understand to know why they are really a slave to the fiat system.

Decentralized nature
This is the major difference between fiat and the bitcoin, there's no influence or control from authority like government , no manipulation in transactions or values everything done in bitcoin is transparency as full nodes could be run by anyone,anywhere anytime without hidderance and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.

In fiat everyone is subjected to the power of governmentand its agencies, the supply ,circulation are always influenced by their Monetary policies.

Supply
Bitcoin has a specific fixed supply of 21M coin which will ensure protection against every from of devaluation , beside there's a smaller unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government and the supply will still be determined by that single entity which is still the government.

You know what the biggest scam is :

https://www.talkimg.com/images/2024/03/24/JOEAa.jpeg

Bitcoin was and will never be a scam

**CoinL

Sure Bitcoin isn't a scam but would you still say the same thing of you loose 95% of your investments if Bitcoin falls down in it's price? Bitcoin as a gamble, you either loose or you fail. You win if you apply the right strategy, you loose if you get too greedy for quick wealth. I have seen someone that constantly say that Bitcoin is a scam because he lost 95% of his investments. He was greedy and he lost.

Nrcewker

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FIAT are controlled by the government and the banks. If you keep your money in the form of FIAT, then you are not completely owning it. The government or banks can anytime freeze your money by stating any laws and you are bound to follow that. Whereas in Bitcoins, thanks to its decentralised nature, you will only have the full access to your hard earned money. So if you really think Bitcoins are scam, then you need to do proper research.

348Judah

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Only those that have no idea about bitcoin will be thinking about all manners of things concerning bitcoin because they have failed to learn or developed interest in learning on new things, in digital currency and cryptocurrency to be precise, bitcoin has been the only most recognized digital and acceptable currency of making payments, this means that people value less the use of altcoins because they don't want to risk anything that has to do with them, instead chose bitcoin which everyone has the reliability of it use and consistency.

Z390

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Quote from: Kakmakr on March 25, 2024, 02:16:24 AM

We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

There is nothing that you can't find answers to using the internet, if people still judge something they don't understand in 2024, where internet is everywhere, then they are stupid people, i don't ever want to spend my precious time on such people, what are they using their internet for then? TIKTOK? Only fans? You can't save stupid people that don't want to be saved.

In this present day of Bitcoin, if anyone still thinks that Bitcoin is a scam then nothing can change the mind of such people, its been out for way too many years already and I won't want to waste my time with such people, we are not in the 80s, everyone has a smartphone or computer this days where they can find answers about bitcoin, and if anyone still belief that its a scam, its because they don't want Bitcoin to succeed and they are mad that it's already succeeding or they are just complete ignorant beings.

If this scam nonsense is coming from those tech-experienced people or popular millionaires, you shouldn't bother yourself, they are using their power to influence or manipulate some people who have trust in them, to probably try to attack the price of Bitcoin, mind you, these popular figures are also Bitcoin investors in disguises, you will be shocked what they are doing in the back.

Kakmakr

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We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

ChiBitCTy

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If you don't understand why JP Morgan Chase Bank CEO Jamie Dimon calls bitcoin a scam relentlessly, or why Warren Buffet calls bitcoin absolutely worthless..then make sure you find out why. These two men are are wildly successful, but shrude cut throat businessmen and while everyone with a brain knows Jamie Dimon is human scum who'd steal a dollar from a starving puppy in line for a bone, many think old sweet man Warren is too. Look deeper. These two call bitcoin a scam for a reason, and it's because it isn't one.

adaseb

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I remember first hearing about bitcoin back in 2011 or 2012 because I used to follow financial news. And most of the time they were calling bitcoin a scam because how it lost 90% of its value and to never invest in it.

Then someone I know mentioned bitcoin and I told him it’s a scam and I am not interested. This was maybe in late 2012 and I regret reading that original article. Because if I invested in 2012 I would of been very wealthy today, that is if I didn’t sell everything in 2013 when it pumped again.

Nothingtodo

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To me Bitcoin is not a scam but to me it is a future savings and to me it is a future bank.
Bitcoin scams are for those who believe in paper money and do everything through fiat.
Bitcoin is going to be the most popular coin in the world in the future and most people in the world will want to use Bitcoin instead of paper money.

headingnorth

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Bitcoin is not a scam but ethereum and all the other ten million altcoins certainly are.

YUriy1991

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Quote from: coinlary on March 24, 2024, 05:49:56 PM

You know what the biggest scam is :

Nice Illustration.. Grin

. I think there will always be a pretext for the government to collect taxes. Of course, we as good citizens must follow all forms of regulations whether it is taxes or others. However, if the Crypto tax imposed is irrelevant, excessive and unfair, of course this is considered very burdensome for those who have been registered as taxpayers.

Yes. There will always be an assumption that it is a style of fooling and deception where they will always feel fooled where money from all business income is blatantly indirectly paid taxes on everything in their financial lives by tax collector who exist under various pretexts to support the continuity of government and the common good.

peter0425

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Quote from: coinlary on March 24, 2024, 05:49:56 PM

Is Bitcoin a scam

You know what the biggest scam is :

Bitcoin was and will never be a scam

**CoinL

There are 2 type of human that call bitcoin as scam and those are?

Don't know bitcoin but just hearing from news- they are those people that only listen to what they hear and never dig to what is the meaning of their accusations , in short term STUPID people.

Greedy that fails in investing - they are the people that invested in bitcoin but wanted to be a instant millionaire and now? they are crying because of not getting what they wanted and blaming bitcoin after.

BD Technical

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Don't spoil yourself by saying these unsolicited words. Don't spoil the quality of your post because bitcoin will never earn you entire market depends on it. In that case, digital marketing would not have done the whole market if bitcoin was not used. And even though they are not common in our Bangladesh, in their country everything is investment, everything is called share market, which means everything is dependent on editing. America America can never be too little.
I think the price of Bitcoin will drop very soon because I think the price of met may drop like it was going up in medicine because it won't take long to come down. Still let's see if bitcoin grows then good for good market good for everyone.

tranthidung

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To end all FUD attacks against Bitcoin, it is impossible but individually we can prepare knowledge for ourselves to be not affected by Bitcoin FUD.

Endthefud.org is a website for newbies to be enlightened with knowledge and be a stronger Bitcoin enthusiast.

It provides different categorical resources for learning
Energy
Justice
Bitcoin as money
Inflation
Control
Governments
Tech like Quantum computing.

Bitcoincleanup.com with its message "Bitcoin is already using clean energy.[/url]

Majestic-milf

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There's only so much one can talk about a scam project don't you think and for those who feel it's a scam are those who don't really know what it is or can't really define it or even differentiate between what's the main thing and what's not. For a long period of time now we've got people who feel that by accepting Bitcoin as a scam project or a waste of financial space will just make it fizzle out or something, thereby proving their beliefs are those who find it difficult to live with the fact that in some ways it's better than the traditional fiat.
There have been influential people as well who have spoken vehemently about it, trying to dissuade the public from contracting the virus which is Bitcoin so they can have a bit of control over them like a puppeteer does his puppets and are furious that Bitcoin is showing them the light, so definitely you'd hear thrash talk.
If Bitcoin were a scam, I doubt that something as historic as the Bitcoin halving will always occur every four years cause it takes something that has depth to be able to achieve something as remarkable as that. Let the haters hate. Bitcoin will keep growing and surpassing beliefs till they have no option than to accept it.

TravelMug

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There will be always two sides of a story, but fortunately for us, we are in the side of BTC and so we have proven it already that it is not a scam. And just let those individuals who think that it is scam. And don't make it hard for yourself, this kind of individuals have their mindset close, maybe they are old and traditional investors or really just anti-bitcoin for that matter. It's not our lost if they don't believed in it. The most important for us is that it give us so many advantage, like economic and financial freedom. And now that we are in a bull run, this kind of attacks are going to continue so better watch out for it. Grin

PX-Z

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It's an internet magic money, you can't force them to know and learn how things are going on why it has value and why there are lots of users, businesses (small and big) and even big personalities international used them and have interest on them.
Those kind of minds have nothing but stuck only on fiat system, or they know nothing about money, or i say dinosaur thinking.

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