Bitcoin is an Illuminati Scam? - page 14.

anushkasachith888

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Quote from: hadisaw on December 20, 2017, 09:44:12 AM

Bitcoin scam? That means you are also scam because you are in a forum that you say a scam.

The fact you are talking about is still very weak, there is not even a real bite.

Hi This is not my idea but some one else's idea, I published it here so that I can get educated from more educated people about BTC and Crypto here. I have already got lot of information through this forum. I think it is better to have conversation like this, Then only we can see thing clearly.

Shikaina

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Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project. He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )

I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

Most of what you say is true but some are not exactly true. I think bitcoin investment is better than investing in stock market. Yes we dont have any hold on it, it is not even physical, but so wonder-full that it catches people’s attention and trust on the matter since everything mentioned above is true.

greatfariola

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I doubt it is one of those Illuminati linked or owned things. Bitcoin was meant to be decentralized and as far as I know, the Illuminati are working toward a singular world order.

mybtcasset

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Trust fait currency and u can see the same whats happening in Venezuela and Zimbabwe and Hyper currency inflation

anushkasachith888

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Quote from: Marileno on December 20, 2017, 08:24:30 AM

It isnt a scam but it is 100% pure speculation. Nothing wrong with that, as long as you understand the fact that there is no inherent value in BTC - like there is no inherent value in gold.

Yes, There is not inherent value in BTC , And no inherent value in Gold as well. Therefore risk is always there. but fiat money's inherent also depends on inflation.

anushkasachith888

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Activity: 546

Merit: 12

Quote from: alfs75 on December 20, 2017, 09:42:57 AM

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project. He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )

I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

What's the point that accusing bitcoins is a games of the devil or that you called illuminati scam,because this is a serious accusation and you dont have a proof to justify that bitcoins is a fraud or ponzi, because as far as i know that bitcoin is created for the purpose of helping the people and helping the economy more progressive in terms of digital currency business.

hmmm.. I get your point. I am not in to any conclusion. my personal view too, BITCOIN is not a illuminati scam. But I would like to open my mind for other people's view so that I can apply their ideas so that I can come to a conclusion. Thanks for your view buddy...

coynedterm

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Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project. He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )

I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

Here I would like to remove all types of doubts about bitcoin from point to point .
At first bitcoin is not a company but it is made up of whole world which is more than a company because all value and prices of bitcoin is due to demand and supply that going on with bitcoin and buyers and sellers .
If internet get down then Ofcourse not only bitcoin but also you will loss everything in this present time data that is stored in banking sector services .
At point 5 you are wrong that only few people are accepting bitcoin Because only few countries are only which have banned bitcoin and most of the countries have no rules and few have fully legalised bitcoin .
And at end bitcoin is not regulated by anyone that is a cool thing because we can use own money in any way , it is your own duty if you have gold in your house to make it safe .

Ico Friends

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The BTC is the future. Is not a scam!! Do You know all the most important banks in the world have got many cryptocurrency experts in their teams? Just a mistake of them? I don't Think so!!

Digitalbitcoin

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Quote from: SamReomo on December 20, 2017, 08:47:34 AM

I totally disagree with your points and stop calling the great Bitcoin as Illuminati. Bitcoin is anonymous, and can be used by anyone and everyone without any restrictions from governments, or jurisdiction related issues. Bitcoin isn't one person's property, it is for the whole world and that's why no one other than the holder earns any profits from it. Few places accept Bitcoin because it isn't stable at one price, and there are many ups and downs. and sudden surges in its price. Yeah, the transactions aren't free because miners also want their share. If you loose your Bitcoins that's your own fault not others, so there is no point for suing anyone.
Although, I agree with some of your points, but if you do deep research on it then you will know the truth.

Well explained I agree with SamReomo. Still, since from 2008 people are saying Bitcoin is scam by comparing it with other things, but my straight question is if you believe in Bitcoin then you will be sole responsible for results and outcomes.

I see in forum many newbies are in frustration, due to huge increase in price of Bitcoins against fiat currency globally.

The fact is, Bitcoin is a combination of Blockchain and Cryptography which have basically zero value, but algorithm and power used for Proof of Work is very costly. More interest of user is taking bitcoin price to higher level and in future adoption of blockchain and decentralized technologies will give more dominance, growth, importance, security and value to Bitcoin. Now its up to user how they accept truth of future.

CryptoTamer

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Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)
2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

Indeed Bitcoin is not a company and there is no promise in Bitcoin so don't equate Bitcoin with investment in the company

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

3. Bitcoin trading isn't regulated by any one.

Bitcoin prices are determined by supply and demand, These are the basic things to consider when you are interested in Bitcoin

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

4. If the internet goes down, Bitcoins cease to exit.

The internet goes down? I think that's impossible

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

5. Very few accept bitcoins as form of payment. ( although this could grow)

While it can grow then it is not a problem

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

6. Bitcoins transactions are not free and fee getting increased time to time.

Now this is a problem that I think should be solved

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

7. You can't sue anything if you loose your bitcoins,

It's true and and the loss of Bitcoin is usually caused by user carelessness

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

Sorry I never advise people outside this forum to buy Bitcoin because it's just wasting my time

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )

Everyone is free to speculate and, see my answer at number 3

mk4

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📟 t3rminal.xyz

Quote from: anushkasachith888 on December 20, 2017, 09:32:56 AM

Quote from: mk4 on December 20, 2017, 07:50:05 AM

1. Yes, and that's a huge selling point of bitcoin; not a disadvantage. Bitcoin never promised us any profits.

2. Yes. Because as you stated, bitcoin isn't a company. It's the money of the people.

.....

Hi Friend, Let me explain no. 8 in details. It is something like this... if you are BTC holder you need to promote BTC in order to make its value higher. So it is more selfish activity rather than rational analysis from you to people.. Hope this make clear for you.

If you hold BTC it doesn't mean that you need to promote it. I'm a BTC holder and I almost never promote it in real life.

Some people aren't in it for the money. Some people really just want bitcoin to simply succeed. Promote bitcoin = rise in price, and more people know about it. Win-Win situation.

knien

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Quote from: Brandtvig on December 20, 2017, 07:22:03 AM

All of the facts that you just stated are what's so good about BTC. It's decentralized, no big corporations make money off it (no monopoly), and governments can't control your money. Bitcoin's value is solely decided by what the people are willing to pay for it. If your bank goes bankrupt, can you sue them?

I fully agree with you sir. We should print these facts on posters and spread them everywhere. This is the best bitcoin commercial ever made

BTG-BTC

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crypto currency is still a little wild west but I imagine that this is how born the great thing is long to regulate a volume as massive as represents crypto currency

hadisaw

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https://keepcalm.finance/

Bitcoin scam? That means you are also scam because you are in a forum that you say a scam.

The fact you are talking about is still very weak, there is not even a real bite.

alfs75

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platform for everyday business

Quote from: anushkasachith888 on December 20, 2017, 05:56:53 AM

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project. He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )

I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

What's the point that accusing bitcoins is a games of the devil or that you called illuminati scam,because this is a serious accusation and you dont have a proof to justify that bitcoins is a fraud or ponzi, because as far as i know that bitcoin is created for the purpose of helping the people and helping the economy more progressive in terms of digital currency business.

anushkasachith888

member

Activity: 546

Merit: 12

Quote from: mk4 on December 20, 2017, 07:50:05 AM

1. Yes, and that's a huge selling point of bitcoin; not a disadvantage. Bitcoin never promised us any profits.

2. Yes. Because as you stated, bitcoin isn't a company. It's the money of the people.

3. Governments are actually slowly but surely regulating cryptocurrencies.

4. Which is next to impossible to happen.

5. Bitcoin is still a new currency. Look at bitcoin as like a project on it's pre-alpha stage.

6. Sure, some bank transactions aren't free either, as well as moving huge amounts of funds. Even PayPal has a fee. Not because we have high fees right now, it doesn't mean it will not be fixed in the future.

7. That's why crypto security is very important. You are your own bank. This still isn't a downside in my opinion.

8. I don't get what you mean in your statement.

9. Again. Bitcoin is at it's very early stages.

Hi Friend, Let me explain no. 8 in details. It is something like this... if you are BTC holder you need to promote BTC in order to make its value higher. So it is more selfish activity rather than rational analysis from you to people.. Hope this make clear for you.

mOgliE

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Hi,

Actually all the points you are highlighting can be supported indeed. The bitcoin, its market and its community are quite "new" so quite unsure and indeed there is an almost complete lack of regulation about it.

BUT

This doesn't mean there must be some kind of conspiracy. Illuminati, right? I cannot prove they don't exist and even saying just that makes me sound as a conspirator for those who believe in such theories. Just calm down.

Bitcoin is.. full of opportunities but also loaded with scams. Just learn from your mistake in order to avoid scams. And forget about illuminatis! Wink

SummonKing2

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I think the bitcoin is not a scam, but some people say that it's a scam. In recent years, the U.S. government has moved as fast as a slime mold to catch up with financial wrongdoers. It missed the 2008 credit bubble in an epic way and was never able to head off major market dumps, particularly the mysterious "flash crash" a few years ago.

SamReomo

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Top Crypto Casino

I totally disagree with your points and stop calling the great Bitcoin as Illuminati. Bitcoin is anonymous, and can be used by anyone and everyone without any restrictions from governments, or jurisdiction related issues. Bitcoin isn't one person's property, it is for the whole world and that's why no one other than the holder earns any profits from it. Few places accept Bitcoin because it isn't stable at one price, and there are many ups and downs. and sudden surges in its price. Yeah, the transactions aren't free because miners also want their share. If you loose your Bitcoins that's your own fault not others, so there is no point for suing anyone.
Although, I agree with some of your points, but if you do deep research on it then you will know the truth.

nareshrohra

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I disagree with some of the points. Here's my thoughts

1. It was the fundamental idea of bitcoin. Don't trust organisations/regulators. Rather, trust a community of people
2. So does USD, CAD, INR etc
3. Relates to point #1
4. If internet goes down, so does my credit/debit card, online banking and ... my job
5. yes, it will grow
6. yes, but still better than forex. although, I agree that this should solved
7. that is if you store in exchanges
8. so did gold miners
9. Didn't understand your point entirely. In my part of the world, exchange transactions take 2 days for security to credit in my account
10. It is on others to beleive or not. I would be lying if I said that I didn't lose money because of a stock market expert's prediction going wrong

Topic: Bitcoin is an Illuminati Scam? - page 14. (Read 1558 times)