Topic: Bitcoin is an Illuminati Scam? - page 8. (Read 1558 times)

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.

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 this is true, save the following:

3. Its not regulated everywhere, but trust and believe there is at least a basis of regulation in some markets, like China and the US for example. Its property here; the same laws that govern maximum transaction value before reporting affect btc.

4. you could have a consensus with a wide enough LAN

7. Depends on who lost them LOL. If you lose them from a privately managed wallet then no, but if they are on an exchange, TOS doesnt always remove them from this liability (ask MTGOX)..

9. Wat? Stock sales take three days to clear, as do deposits. Contrast that with 15 minute deposits, and instant transactions and withdrawals. This is actually one of the major points of rhetoric when comparing stocks to crypto assets, crypto is much, much faster.

Bitcoin is not illuminati. If anything, it is the exact opposite. The leaders of the illuminati (The Rothschilds) own all the government banks which use fiat. They would never push a currency that would make them lose money and discontinue the use of fiat. Bitcoin is decentralized which means it can't be regulated and tracked. Two of the biggest things the illuminati does to us.

if Bitcoin is an Illuminati Scam, then fiat, gold, all the investments, antibiotics, internet and all the modern technologies are Illuminati scams, too. Come on man, we don't need any more conspiracy theory!

It is not a scam i would have agreed with your statement if you said this back in 2009 now the whole world accept btc so its foolish to think btc as a scam .

Bitcoin is risky and risk mean fast money.

Bitcoin different than gambling in gambling you will lost all while with bitcoin will lost half or win more.

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.

Nice one 

Totally agree. I hitched a ride to Bilderburg with some friends in a UFO and they were all saying this exact thing.

I strongly agree with your words all the facts that you say are true but bitcoin decentralized no central entity / institution that makes money, but money is printed by the user. This is what causes Bitcoin to emerge as a decentralized system, and the government can not control the bitcoin price. therefore bitcoin trade is not regulated by anyone.

I think there is big company or a bunch of billionares are on control of BTC market