Topic: Bitcoin Has Never Been A Scam. - page 3. (Read 854 times)
Bitcoin is very reliable in a sense that there's no way to fake it and there's no practical way to manipulate it. Some attacks are hypothetically possible, but require too many resources to be actually attempted. As for temporary price fluctuations, it seems that they can be achieved with dozens of billions of dollars, but the price eventually recovers anyway. That being said, if one isn't very familiar with how to use Bitcoin, there are certain pitfalls. For example, you might accidentally set a transaction fee too low and get it stuck, or set it too high without the possibility to get your money back. And if you lose your passphrase and password to your non-custodial wallet, you can't recover access and the money is lost.
Scams are created by humans, and they always find ways to justify wrongdoing through blame. With bitcoin, it's like saying it's used for criminal purposes, or a ponzi game,... 
Perhaps if criminals weren't bad, people who took advantage of greed would benefit,... then there wouldn't be any tension.
But it doesn't matter that on the journey of bitcoin receiving acceptance from everyone, skepticism is inevitable, after all, bitcoin still works the way it works, it's just the way we apply it.
Perhaps if criminals weren't bad, people who took advantage of greed would benefit,... then there wouldn't be any tension.
But it doesn't matter that on the journey of bitcoin receiving acceptance from everyone, skepticism is inevitable, after all, bitcoin still works the way it works, it's just the way we apply it.
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.
There's only one answer to it , that big investors that invest thousands of dollars in BTC have a control over the prices and market conditions. They manipulate the market like the way that benefit them.
I don't even know of any people that have said this about bitcoin, I'm pretty sure that no one is saying that anymore too, the only old narrative about bitcoin that I believe is still on the horizon is that bitcoin is a tool for money laundering. I feel like if you're with this type of people, you should entirely avoid them so as not to make any kind of acquaintance with them and it's probably toxic for you to be with them because they're only spouting garbage and many other stuff to you and other people.
This is the first time I've seen a post like this, Bitcoin can't be a fraud. Bitcoin is the king of coins in my opinion. try to pay attention to the market now, if the price of bitcoin goes up it will have an effect on other coins, likewise if bitcoin goes down it will also have an effect on other coins so is it possible that bitcoin is a scam that doesn't make sense.
Because I believe that this has been a thing back in 2010 or 2011 that this kind of thing has been popping up which is understandable, it's an Internet currency that you literally have to buy because you believe it has value and that the person/people that have made it is totally anonymous but bitcoin's already crossed the $20k price mark a long time ago, I don't think that it can be a scam if it can reach that point. 
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.
The government is trying their best to make bitcoin seem unsafe due to its lack of regulation and control from an authority. We can not deny that there really are some people who feel safer if it has the stamp of approval from the government. These are the same people who feel that bitcoin is not reliable because it isn’t backed by anything and is just created by a random person they don’t even know about. If that’s the case then they could purchase bitcoin through etf instead if they still want to be part of it somehow 
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.
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.
well said, I'm not sure if until now others still think of bitcoin as a scam, but now more people are interested in trading and investing in crypto, especially since bitcoin has proven its financial stability in the past years, Maybe it's better to educate others when it comes to this matter because there are a few people who thinks negative when they hear the word bitcoin, because the word scam, pyramid scheme, deepweb and other illegal things related to money are attached to it and investment.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.
It is not necessary anyway but I can only wish you a good luck for that. Before BTC, the negative words you listed there are already there, so they should not point it all towards BTC. The same when they say that BTC is damaging the environment. That's a ridiculous excuse.
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Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.
Really bad how people are believing the outside view of Bitcoin other than finding on their own the real nature of Bitcoin, I believe most people are just into accepting what the circle of people they find themselves together say about Bitcoin, if they talk good about it they try to invest and if they should condemn they just quit on accepting Bitcoin. Yet, in all the accusations we can still record an increase in the involvement of more people into Bitcoin compared to some years back, this should aswell serve as an inspiration and urge as many to avoid believing the condemning advise from people. Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.
Although bitcoin adoption and people's understanding of bitcoin is progressing quite slowly compared to our expectations, but I think bitcoin will soon become popular globally and people will have to compete to own bitcoin no matter how high the price is. To me, the popularity of bitcoin was inevitable.
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 .
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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.
Agreeably so, because of its consistent effort to ease international transfers with as much affordable fees than would have normally come off as expensive from normal bank transfers. Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
This is the first time I've seen a post like this, Bitcoin can't be a fraud. Bitcoin is the king of coins in my opinion. try to pay attention to the market now, if the price of bitcoin goes up it will have an effect on other coins, likewise if bitcoin goes down it will also have an effect on other coins so is it possible that bitcoin is a scam that doesn't make sense.
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 .
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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.
I am not sure I’ll say for easy transactions, instead I’d say it’s best for money you wish to be managed and controlled by yourself alone. Also, It’s a currency, saving is a choice. But it wasn’t designed to be used for savings. 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 .
Yes, it's true Bitcoin has never been a scam right from day one, but though it's ignorance is what have made people call it scam due to the fact they never understood how the project works, and today, no doubt, many people have come to the realization that Bitcoin as a digital currency has come to stay, been a tool to initiate simless transactions acrose borders, because just as fiat, so is Bitcoin liable to be use by anyone for whatever activity. Hence, that doesn't mean it promote scam, but rather privacy, and the ability for one to be in charge of his funds, as primarily, there are two kinds of people, that is who still thinks Bitcoin is still scam due to misinformation, and government who knows it's not a scam, but still yet tries to discover people from investing in Bitcoin but rather fiat where they code have control it.
Bitcoin and just like any other currencies are the ones being used by the scammers. While the noncoiners would think that it's the actual Bitcoin which is a scam.
No, it's those people that takes advantage of those that lack knowledge about it. They're the ones that are using it for their scamming activities.
But we can't please everyone even if we've been with Bitcoin for several years, if they are close minded people, they'll always will be.
No, it's those people that takes advantage of those that lack knowledge about it. They're the ones that are using it for their scamming activities.
But we can't please everyone even if we've been with Bitcoin for several years, if they are close minded people, they'll always will be.
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.
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.
Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.
Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.
Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.
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.
There is no gain I debating the obvious fact that Bitcoin is designed not to be a tool in the hands of a scammer or the bad actors on the internet, who misuse Bitcoin just to fulfill they evil act of taking what belongs to others under false pretends.Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
In my country, bitcoin is not yet legal but it is not banned, we can still freely use it according to our preferences. But many people around me still think that bitcoin is a scam, that's because they hear scam stories from ponzi projects that use bitcoin as a payment method. If they take the time to learn, they will realize that the creators of those projects are all scammers, bitcoin itself is just one of many assets that they use to commit fraud. IMO, ignorance is the leading cause of these misunderstandings.
Until now, media coverage is also still only focused on some news that results in bitcoin being viewed negatively such as about bitcoin which can indeed be used as a criminal tool or indeed environmental damage which continues to always be as if this is continuing to happen for bitcoin which makes ordinary people will definitely have a stigma that bitcoin is a bad thing so in this case our job is to provide an understanding if indeed they need clarity about bitcoin because indeed a stigma like this will continue to spread if it is not straightened out from the start.
Bitcoin is always seen as bad for those who have special needs in their fields, laymen and those who depend on others in investment so that when bitcoin undergoes correction they will definitely consider this a scam but in the end we can understand that for those who are laymen and those who only follow others to invest or be in bitcoin means that they still need more explanation about what bitcoin is.
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.
There is no gain I debating the obvious fact that Bitcoin is designed not to be a tool in the hands of a scammer or the bad actors on the internet, who misuse Bitcoin just to fulfill they evil act of taking what belongs to others under false pretends.Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
Much more also Bitcoin stand out to be verified in all it transactions, but the ability to trace because of Bitcoin high privacy made it seems to become a constant tool in the hand of scammers, but what we should take note of is the fact that anyone that have the basic knowledge and background understanding of the security that comes along with they Bitcoin should know how to protect their coins from getting into the hands of scammers.
Developed countries are happy to have things like these because they think about their peoples and better things for improving their life, which is not favorable in our third world.
Most of the developed countries provide perfect permission to maintain Bitcoin, so that some of them can interact with Bitcoin very profitably, and this is good for them and also certain countries, we have a unique insight into Bitcoin for the community for these countries. those countries and this really helps them with those Bitcoins.
And I don't know why? And if they know that cryptocurrency is a legitimate digital currency then they would have supported it with currencies so that things can develop fast but they against it
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.
So, by this, I believe we can say with confidence ; that Bitcoin is the most trustless financial instrument in the world.
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.
I am not sure that what country you are talking about, the legal rights of the currency are still a question in many of them. Some countries have legalized it, some have regulations for it, and some are still confused, there are no specific laws regarding cryptocurrencies in most countries even though people from there are still involved because Bitcoin has almost reached every corner of the world by now, almost.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.
People or organizations or governments that don't have any knowledge about Bitcoin might think it can be a scam because they don't know what it is and how it operates. I don't see how a system running by itself not having any central authority or person involved can be a scam, especially when it has been around for so long.
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