Topic: Bitcoin Has Never Been A Scam. (Read 854 times)
When you’re dealing with people who aren’t used to traditional investing, you never know what they’ll do. In this community, the definition of a scam to some is whether or not something outperforms Bitcoin, thus everything is labeled a scam to them. I think even the most popular investment in the world (S&P500) would be considered a scam if someone here offered it.
Bitcoin is something you need to always trust and believe because of it transparency and how safe it is you will never hear a complaint that people lost their coin from bitcoin wallet or bitcoin has still their money that is not so unless you have been scammed or you make a mistake in wallet, that is the only reason where you notice that some errors has occur in your wallet and it's me look like it's a mistake from the bitcoin network that is nice it's just a mistake for an individual screen transparency is so successful, so many countries are accepting bitcoin as the media of exchange, I so much trust bitcoin because of it's understanding and trustworthy you can keep in money in your wallet it will remain them to only depreciate if the market falls but your money without anybody knowing what is going on in your life not even the government or the bank.
Well if you ask anyone who says bitcoin is a scam, how bitcoin works, they have absolutely no response because they have absolutely no clue how it actually works. I remember when people use to say this to me all the time back in the 2015/16/17 days. My first question to them would always be "Okay, do you know what the blockchain is, or can you explain how it works"..never once was any single one of these persons able to do so. So, there's really just a lot of noise out there.
I talk someone and asked him if he knew about bitcoin but surprisingly, he boldly said it was a scam thing. He told me that one of his friends got scammed from investing in bitcoin online by a stranger from social media offering huge ROI. I understand his stance because of his friend's experience and some people are saying the same. Some people who said that bitcoin is a scam are those people who literally don't have an idea how it works, those people/investors who slip into trusting strangers easily without validating their offer is true or a scam. A scam never happens if we do our part which is to research before investing something. Unfortunately, most of us did this after becoming a victim.
The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .
and like what you said Institutions and businesses are enteting bitcoin now so this shows how reliable and trustworthy this is.
Quote
Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
actually bitcoin is not reliable for easy transactions now because of the so much high in transaction fees many times happened just this year alone. Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .
Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
Those who know the use of bitcoin and its benefits can never call bitcoin a scam. Cryptocurrency scams are somewhat unique due to the emerging nature of the industry. Blockchain technology is so new and complex that many people think it's a scam when they don't understand it well enough to protect themselves from scammers blockchain transactions are considered anonymous which makes crypto more attractive to those with criminal intent.
Quote from: amihada
here we have to distinguish which one is a fraud, if someone uses bitcoin incorrectly as a tool to deceive others, it doesn't mean that bitcoin is a fraud, but the user is the one who uses bitcoin incorrectly, even people like that, all items that are sold can be used as a tool to cheat, so don't carelessly making assumptions.
There are some people that used fiat money to fraud people in the community and they can also use Bitcoin to fraud people which is very common among people in the community, but you cannot call fiat money a fraud or call Bitcoin a fraud than to call the person that use it such evil way a fraudster. I will not deny that people don't use Bitcoin to scam people, but it will be difficult for scammers to scam someone that understand Bitcoin very well, because the moment the scammers are approaching by chatting or sending some fake messages to the person, he will definitely know that they are scammers and he will let them know that they are scammers. That is why is advisable to have the knowledge of Bitcoin before investing in Bitcoin, because you will know the right time to invest without asking strangers question, because that is where some beginners use to fall victim to scammers.
A Bitcoin is a reliable since we can make an transaction without spending much of time and also way of saving some of the assets for a long periods time which if a person a patient it can have some of the gain on saving. Because is not like the bank that if we save of inside bank will been deducted some bank maintenance and so ever, the Bitcoin is not like that is very save in terms of transactions and trading.
The deduction of money when transferring a currency happens in every currency because when you send Bitcoin you will also be deducted some BTC but it is not for maintenance but for mining fees that goes to the miners that approved your transaction. The fees are low most of the time but sometimes it gets too high. Right now the fees are high due to congestion of the Blockchain but Bitcoin does not have any intention to scam anybody. Bitcoin is on a mission to gain global adoption, Bitcoin is very reliable because of the use of the Blockchain, Bitcoin is not controlled therefore its transaction can not be reversed after it has been sent. Any one calling Bitcoin a scam must have something against Bitcoin because if they use Bitcoin, they will realize that Bitcoin is more reliable than other currency.
The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .
Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
What you mentioned is correct, and that is the reason why there have also been various blockchain networks that have appeared in the field of cryptocurrency. That's because most of the copycats saw that she was beautiful and had the potential to not only become a trend in the future but also benefit from the majority of community investors who would have an interest in it.
It's been almost a decade, and even now we can still see the record history in the blockchain network of bitcoin and even in other blockchain networks in cryptocurrency as well.
Bitcoin is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.
Nothing has made Bitcoin a scam but just scammers and it ruins its reputation due to scam involvement using the name Bitcoin. This actually confuses the community because of the widespread scam issues but for us who know the situation and already have knowledge about Bitcoin, we can say it is not true. Proper education is needed to correct all misconceptions about Bitcoin and the only solution to clear such issues. But until there are scammers, scams continue, and also because greedy people are easy to fool by sweet promises made by scammers.
Whether we like it or not, Bitcoin remains vulnerable to this scam issue as we can't stop scammers.
The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .
Quote
Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
Bitcoin has a lot of benefits if you will use this properly that's why Satoshi nakamoto created the Bitcoin to become decentralized and more convenient to the users. One of the factor why Bitcoin have a bad imagine is because of the media like form of movies they are using the Bitcoin most likely in a illegal activities, also the people who tried to scam other people who are totally new into the crypto spaces actually not just the Bitcoin but other coins too they are using the anonymity of the crypto to pretend helping others but have a bad intention. Also the government actually somehow against on the Bitcoin because it's decentralized but sooner or later they are now widely adopting this feature. Only the user gives a bad imagine on Bitcoin.
For sure there would be a lot to get from this but a lots of people choose to think about bitcoin as other means for them. Since majority of new people joining in the scene think about that bitcoin is good for investment that's why a lot of those newbies fall from scam and they blame bitcoin as scam or just a tool that used by scammers. This is how they tainted bitcoin so bad and if they could just able to do a research regarding on those scams and possible how to use their bitcoins then possibly they can avoid to get compromised and also they know the multiple used of bitcoin for their daily life which they can take advantage with.
Maybe for now government is against on its existence because they want to endorse something that they think more beneficial as they can control people's activity. But if they don't have a choose and bitcoin growth will be unstoppable for sure these officials thinking negative about it might don't have a choice but to adopt.
Bitcoin is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.
Nothing has made Bitcoin a scam but just scammers and it ruins its reputation due to scam involvement using the name Bitcoin. This actually confuses the community because of the widespread scam issues but for us who know the situation and already have knowledge about Bitcoin, we can say it is not true. Proper education is needed to correct all misconceptions about Bitcoin and the only solution to clear such issues. But until there are scammers, scams continue, and also because greedy people are easy to fool by sweet promises made by scammers.
Whether we like it or not, Bitcoin remains vulnerable to this scam issue as we can't stop scammers.
Bitcoin has a lot of benefits if you will use this properly that's why Satoshi nakamoto created the Bitcoin to become decentralized and more convenient to the users. One of the factor why Bitcoin have a bad imagine is because of the media like form of movies they are using the Bitcoin most likely in a illegal activities, also the people who tried to scam other people who are totally new into the crypto spaces actually not just the Bitcoin but other coins too they are using the anonymity of the crypto to pretend helping others but have a bad intention. Also the government actually somehow against on the Bitcoin because it's decentralized but sooner or later they are now widely adopting this feature. Only the user gives a bad imagine on Bitcoin.
Bitcoin is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.
Nothing has made Bitcoin a scam but just scammers and it ruins its reputation due to scam involvement using the name Bitcoin. This actually confuses the community because of the widespread scam issues but for us who know the situation and already have knowledge about Bitcoin, we can say it is not true. Proper education is needed to correct all misconceptions about Bitcoin and the only solution to clear such issues. But until there are scammers, scams continue, and also because greedy people are easy to fool by sweet promises made by scammers.
Whether we like it or not, Bitcoin remains vulnerable to this scam issue as we can't stop scammers.
Those who believes in such way are either lacking knowledge of this industry or just trolling. This impression is due to people who invested with high hopes simply because there are actual people who won big amount. Without any investment plan, they will engage and embrace the risk from market price volatility. Once they suffered from big loss, they will panic and sell everything in beliefs of cutting the loss. However, what's best is to just continue. This happens simply because some investors are only after smooth winning outcomes and without also considering the rough journey. Bitcoin has never been a scam. It is a highly profitable asset IF you'd know how things really work in this blockchain.
Tip of advice; it would save your time and effort if you will have your readings first before making any unsolicited comments to something you don't know that much about.
Tip of advice; it would save your time and effort if you will have your readings first before making any unsolicited comments to something you don't know that much about.
There are a lot of people who talk a little bit aggressively or differently about the sector. In fact, the biggest reason why bad things are said about this sector is that people who talk about it have a good chance of reaching large audiences. For some people, it doesn't matter if what they say is right or wrong, the important thing is to get attention. That's why we shouldn't pay too much attention to the negative things being said about Bitcoin and the industry. There are a lot of people who say the wrong things to get some attention.
Bitcoin has never been a scam. For those who know Bitcoin and follow its development, Bitcoin has always been an opportunity.
here we have to distinguish which one is a fraud, if someone uses bitcoin incorrectly as a tool to deceive others, it doesn't mean that bitcoin is a fraud, but the user is the one who uses bitcoin incorrectly, even people like that, all items that are sold can be used as a tool to cheat, so don't carelessly making assumptions.
Not really. I have met some people who say Bitcoin is a scam and they do know how it works. They know even more than the average BTT user. They know the hashing work in building blocks, the know the nature of the code, stuff like that, but they started out calling BTC a scam because they thought the founder was maybe honeypotting for the CIA or similar 
Lol, that's interesting, I've never faced people like that. But what difference does it even make who Satoshi is? BTC works without him, it's and open book.
The idea here was that if CIA makes a honeypot of Bitcoin, then everyone who uses it marks them for the CIA, or they are looking for someone and hopes that they use BTC. I personally think it's dumb but then again Bitcoin was the reason they took down Silk Road and all those mixers. IF they used something else other than BTC they wouldn't get caught
How is he honeypotting for CIA if bitcoin is anonymous?
Bitcoin is not anonymous... Ask Silk Road people?
Bitcoin is reliable for easy transaction
Many are going to disagree on this when the time for Bitcoin's price has increased way higher. And that is because the fee will no longer be cheap.Even if it's going to be a few satoshis per transaction but that can be converted into $2 and more, ain't that cheap anymore.
It's easy but it's not going to be easy accepting the fact that the fees display an important part for every transaction to say that it's easy.
Hmm To be honest this is the reason for their mistake that they didn't even study the best things like Bitcoin, Blockchain, etc., and they say that it is a scam, high volital, blah blah. I say that if they dig even a little bit deeper into the topic of what Bitcoin is, I can confidently say that they will become a fan of Bitcoin more than us. Because it's clear as day light that Bitcoin/Blockchain technology is a highly capable technology that no one has ever seen in the history of finance the same immutable, decentralized ecosystem as Bitcoin. So if these ignorant people even read out little bit about the Bitcion that what it is, how we can benefit from it, etc., then I hope that those people will also consider Bitcion as prominent instead of considering it a scam.
This is a view that is too optimistic, the opinion of those people is based on their feelings and what they have heard other people say, it has nothing to do with the facts and the robust technology behind bitcoin, so even if you were to take the time to explain to them why they are wrong, they will still not change their mind, and if you refused to do this and let them to their own devices, I can assure you they will never take the time to read anything about how bitcoin really works. Jump to: