Topic: Is Bitcoin a scam - page 7. (Read 949 times)

We can't avoid people thinks Bitcoin is a scam, they can hardly differentiate a company exploiting Bitcoin for their scammy agenda and the native Bitcoin blockchain system.  Many newbies especially those who relies on other peoples information without verifying the fact behind it are often subjected to this kind of idea until they do a research themselves and discover that they have been fooled by these scammy propaganda of people that they had trusted.


Not necessarily a slave of the fiat system, probably because these people got swindled by a company pretending to be a Bitcoin company.  We had a lot of experiences like these in the history of cryptocurrency scams.

In short, due to the short-sightedness of people and being too lazy to know the actual fact, many are misled to believe that Bitcoin is a scam especially those who idolize known people who are against Bitcoin like Warren Buffett.

It is now no longer just funny but now it is just a pitiable situation because anyone having that kind of believe is clearly outdated with information and is clearly showing an actual absence in the ability to  check and verify whatever they know from the internet.

Do not stress yourself about this sort of individuals because if you have tried talking to them and they shown signs of belligerence you better let them be and focus on your own investment which is more important.

If having the basic understanding with the risk involved with bitcoin investment, you will know that you buy in was at a high price if you bought at $66,000 or above, and if there be a crash in the price of bitcoin because of bitcoin high volitility which is something we all have to understand before we decide to hold bitcoin and if the price crash I won't be declaring bitcoin as a scam since I still holds my bitcoin value in my wallet, and I will only lose if I decide to sell the bitcoin below the price I bought it.

I'm not in support to say anyone who has relied or the fiats is a slave to the fiats. Please let's not find anyone who's not a fans or an adoptor of the bitcoin to be adamant to good life. Let's just say they're missing a lot of good services and potentials which bitcoin has to offer. If we get so grieving with people who're in doubt of bitcoin, there'd also be ways they'd be grieved eiths sis for not believing what they also insights about other varieties in life.
Remember bitcoin is a decentralized digital currency which is non-custodian and not under control of any of the governments and the their authorities, so at the course, let's also be aware that there are not only bitcoin illiterates in the world but also illiterates to rh the digital schemes which means bitcoin is a digital currency for those in the digital world. Obviously not everyone are possible to meet up with the knowledge demands and lot of the masses feels bitcoin might not really be a scam scheme but they're in worries that whom would be questioned and hold responsible if any unwarrant transactions such as being scammed or lost of funds, who would they report to ? And who'll stand on the their behalf in getting to rh root of it?
These are how curious they're about in doubt of this bitcoin and its digital technology system.

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.

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it. 

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 :



Bitcoin  was and will never be a scam

**CoinL