Topic: Does the world still see Bitcoin as a scam, or is it just a lack of interest? (Read 557 times)

I agree with your analysis. Bitcoin is not a scam, but it is also not for everyone. It requires a certain level of risk tolerance, financial literacy and long-term vision. I think the best way to increase adoption is to educate people about the benefits of Bitcoin and how it can empower them to have more control over their money. Bitcoin is not just an investment, but also a tool for freedom and innovation.🚀

That is the dream of their day. They think bitcoin was created through the obnoxious policies of the so call government. Let them wait while their mates are making it from bitcoin every day. They are still sleeping they will wake in the year 2090 and by then they will regret.

Government can't regulate bitcoin and the only thing or institution that government can control is the exchange platforms because those onez operate under their jurisdiction but bitcoin is a global asset that has no specific office for questioning.

Many people are waiting for Bitcoin regulation to start getting involved but it's impossible because Bitcoin is not a security like how the SEC hoped for, so therefor those who wishes for a regulation will wait forever, some people do think that Bitcoin is a huge Ponzi scheme but I believe that those who are waiting for the government to give them the buying order are so many, People have gotten used to following what the government says, only small portion of the world population likes Bitcoin better.

Both. People are somehow divided when it comes to cryptocurrency and how they see bitcoin, there are some who views bitcoin as a form of scam and without the government's support, that just added another fuel to the fire to confirm about their view even though it is not really true. And there are also some people who doesn't have any interests at all, factors may vary but it will still end in the same road as if there is no dedication, it's just impossible to learn about it.

It seems to me that many people still consider bitcoin as a scam, otherwise bitcoin would have more mass adoption, because its advantages are hard to deny. The number of transactions, in my opinion, cannot be considered an objective indicator of the mass interest of people in this asset, because here it is rather interesting how many new people join the network, how activity among newcomers increases. It is clear that among those who are already familiar with bitcoin, interest remains. But the question is whether it is enough that this interest is supported by "internal" users, or is it still necessary to strive to attract new people from outside.

Some people still consider it a scam, Ponzi. My neighbor is a real estate broker, they have heard a lot about bitcoin, but they still call it a scam model because they don't believe in the huge profits it generates, and it is the result of a lack of knowledge. Furthermore, what OP is saying is bitcoin is not yet widely accepted and used, he is not mentioning its price and value. If you look at the world population and the percentage of bitcoin users, there is a huge disparity, less than 3% of the world population knows about bitcoin.

Both lack of interest and it been called a scam has their role they're playing in making people not believe in Bitcoin, the government has been attacking the market and has spoiled the mind of people. Bitcoin been called a scam is the reason we have many people not interested in learning about Bitcoin because they believe one day the government will wake up and ban the Bitcoin and other altcoins as well.

The world can see bitcoin as it wishes but it'll keep growing, the growth might be in a moderate rate because of all the negative things the government are doing to make bitcoin distrustful but at the end it'll prevail because Bitcoin is built different and can't be stopped by the Fed.

Yes, the community keeps on growing everyday and even we're still not that much of the percentage of the world population. If we'll look at the brighter side that we're growing and just keeps on growing, that's already a win.

You see some members here are from those countries that have mentioned and has a law that bitcoin is illegal and yet, they're here and hold bitcoin. It depends on the individuals and from that situation, we can say that even if the government bans it then there will still people that'd be on it.

I don't think it's for both of them at this time, people are afraid of punishment from the government if they have it, especially if it's a country that is really anti-bitcoin,
judging by the development of btc and other crypto, it is very good in its distribution and the effects it gives, although sometimes a few people use it to cheat

There is no proper awareness on bitcoin. Specific people engage themselves in doing good for the community, whereas the majority doesn't want to take the risk and end up the plan of spreading the word. People very easily conclude it is a scam and they won't be in a situation to understand how things have changed over time based on its demand. This is all because of bitcoin not having a physical presence. Not everyone understands the reality and the innovation.

I guess the end bottom of this is that these kind of people have not received proper education about bitcoin. Yes, they know and are aware that bitcoin exists, but they don’t know actually how valuable it will be in the future. Otherwise, regardless of its on going adoption, people might have been in competition with buying bitcoin just to own a portion of it so they can also benefit it when the bullish market happens.

I think that it is really the lack of interest for most of the people who claims it as scam, it is easy to educate yourself about it on how Bitcoin or crypto works on how this investment or trading works.
But they just want to ignore it and think of it as a scam because they don't want to acknowledge it, they don't want to waste their time studying it or learning it.
We couldn't really force them to believe in it or say that it isn't a scam because they wouldn't believe it and they wouldn't acknowledge whatever we say about it.

The world doesn't see bitcoin as a scam, just as a high-risk investment, and as we know the high risk can give us big wins or a big loss, there is where the risk is at. And I don't think there is a lack of interest, I mean, the amount of transactions we have each day is still huge and the price is still really high compared with how much it was bitcoin worth at the start of the year. We are talking about bitcoin started this year at $16.5k  and now is $27k, still a huge win for those who invest this year.

People who sees bitcoin as a scam do lack the interest to invest in it simply because they don’t have the adequate knowledge when it comes to bitcoin. Instead of craving to own one of it because of its high value, they hold onto the wrong idea and grip theirselves not to be attached with bitcoin. But this is not the case right now. People have started to like and embrace bitcoin seeing big countries are already adopting bitcoin as part of their payment system.

You forget that it wasn't the people who needed Bitcoin the most who mostly advanced the Bitcoin ecosystem. It was very likely mostly the people who needed it the least.

The whole OP title is misleading because asking whether "the world" still sees Bitcoin as a scam implies that the world in its entirety ever saw Bitcoin as a scam. That's not true. I have never seen Bitcoin as a scam. I have seen scammers using Bitcoin, but that is quite normal. I have heard there are thieves escaping with a bike, but that doesn't make the bike a scam. I believe that most people don't care, some people think it's a scam, some people hold it, some people truly embrace it and few people advance the industry.

It significantly depends on the peoples' experience as well and what their sources of information are. If they talk to someone they know, the impression could be positive unless that someone got ripped off in an alt coin ponzi scheme and says Bitcoin is to blame, which happens quite often. Or people believe it is a scam because an exchange got hacked and that is dominating the news, claiming that Bitcoin is the problem.

Many different issues that would and could have to be discussed in detail in order to derive reasonable conclusions what "the world" right now thinks of Bitcoin. An aggregated, well analyzed broader public opinion requires a lot of work.

That's false, BTC is a currecy and can be used as a form of payment through merchants that accept payment in BTC, and there are so many of them. You don't need fiat transfer to send BTC from your BTC wallet to a merchant who accepts it or by scanning their QR code for payment, once sent, the merchant would release the commodity to you, just like every normal payment method.

Most people still see BTC as a scam for an obvious reason: they simply don't need it. Cryptocurrencies are interesting for certain groups of people, since there are no possibilities to use it as an everyday payment method, at least now. Nearly nothing can be bought nor sold via BTC without fiat transfers.

But it is still not the same before that majority of the people who heard bitcoin will think that it is scam, right now only few of them as other somewhat already have little knowledge on bitcoin and not treating it as a scam, most of the reason why others are not jumping to bitcoin is because of the volatility and the risk that it gives to the people and added to that the inflation which most people don't have extras for investment. But  no matter whats the reason is as the time or years goes by adoptions will increase overtime and no one cant stop it.

And what kind of education should be about bitcoin? The study of cryptocurrencies is entirely the initiative of an individual, we are not talking about some kind of national training program here. Most governments are either not interested in mass distribution of bitcoin, or do not know how to interact with it. But this is not a reason for individuals not to engage in self-education, especially since in many countries it is bitcoin that becomes the way out for people whose living conditions leave much to be desired. That is, it is in their interests. Then why sit and wait for the government to accept bitcoin, thinking it's a scam?

I think it is due to a lack of knowledge, bitcoin is not recognized in many countries, there is no education about bitcoin, and too many scammers take advantage of bitcoin's reputation to do bad things. So it's no surprise that many people consider bitcoin a scam. Bitcoin will always be considered a scam until the government accepts it.