I don’t think it’s a scam , but it’s a risky investment as compared to stocks, bonds and funds. But there is a drawback , since this does not have any tracking details it becomes a perfect way for the scammer to take your money without no trace and unfortunately we cannot stop the transaction since it does not involve any third party .
Basically Bitcoin has become one of the best assets over the last decade and it will give a huge returns in the coming years .
Topic: Is Bitcoin a scam (Read 1257 times)
World's major countries are behind this Bitcoin, but in the end they failed to control it.
This is one conspiracy theory that i have heard so many times, i wanted to tell you to take off your tinfoil hat, but if this is what you truly believe, then fine, i'll let you have your own opinion.Bitcoin helps protect the privacy of your money. There may be some illegal activity involved in Bitcoin transactions, so I cannot question the validity of the coin. Where your money is private, no one can find out about your Bitcoin money,
The BTC blockchain is a public ledger, so there is no privacy in the BTC protocol, if you want privacy, you have to use BTC in addition with privacy solutions, i.e. mixers, coinjoin, BTC->XMR->BTC, etc. However, if you use BTC without a privacy tool, anyone can see your tx on the blockchain, but without your true identity.Actually bitcoin is a scam in the eyes of those people who do not know anything about bitcoin, countless time I keep seen people talking about bitcoin being a big scam. wherever time I see people talking about bitcoin being a scam always laugh, reason is because I think they are mistaken bitcoin for other coins. though if you check very well you're going to find out that they have a reason for saying that bitcoin is a big scam maybe I guess they most have experience loses in the market, that is why I don't always blame them for saying that bitcoin is scam.
Of course, some people who only get a little information about Bitcoin will think so, but if they can try to find out information about Bitcoin then I think it is very likely that they will be interested in being able to take advantage of the opportunity to invest or trade Bitcoin, for some people there are many experiencing losses from investing or trading Bitcoin is of course their own fault because if they invest or trade with little understanding of Bitcoin of course they will easily lose money on investing or trading it, so I think it is important for someone to get information from sources trusted so that they do not have the wrong understanding about Bitcoin.Getting information from reliable sources so that they won't have the wrong understanding about bitcoin, I totally agree with you on that because the reason why most people consider bitcoin as scam is due to the information they get from those people who has vow not to go into crypto investment. However after getting information from this set of people even when you try to convince them that the information is from a wrong source they won't give you a listening ear, because they think they have gotten the right information about bitcoin.
Suppose you bought a bitcoin today for $100, and in a few days it drops to $25, and you feel like you've been scammed. To most of the people in the world, Bitcoin seems to be exactly the same, because they often make big mistakes and blame the coin.
Sadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
Yes, that person only wants to profit but does not want to lose, so when it drops 75%, they will say bitcoin is a scam. LolSadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
If they doubt, don't ever invest in bitcoin because it will only add to their burden but remember bitcoin is a digital asset that can beat other assets in a short time.
Don't ever think that bitcoin is for getting rich quick, there is no rich scheme.
But people will see bitcoin when it is bullish then many are fomo after entering bearish he will say it's a scam and kapok investing, then that is a doubt for them.
Suppose you bought a bitcoin today for $100, and in a few days it drops to $25, and you feel like you've been scammed. To most of the people in the world, Bitcoin seems to be exactly the same, because they often make big mistakes and blame the coin.
Sadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
People that still think bitcoin is a scam, are they really seen what is happening in the world, the financial sector is taking in new shape, and with the analysis you gave if the initial price that you purchased bitcoin is 100 dollar and it dropped to 25 dollar, it is something we are aware of that things like this can happen in the market, and it is not new, the last bear market the price of bitcoin dropped drastically that people almost lost hope to the crash. and if you don't want to get scammed you must read proper safety measures to take when you are holding assets. people make mistakes and blame bitcoin for it, and does that blame are the cause of there own problem but eventually if you look at its a two sided coin its either you are making profit or you are losing money. you can not always make profit, and the same time you can reduce your chances of losing money starting from controlling our greed. Sadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
World's major countries are behind this Bitcoin, but in the end they failed to control it. I don't know why Bitcoin is called a scam. Where this digital currency called Bitcoin provides transparency and security of transactions through blockchain technology. Bitcoin helps protect the privacy of your money. There may be some illegal activity involved in Bitcoin transactions, so I cannot question the validity of the coin. Where your money is private, no one can find out about your Bitcoin money, but it is important to always be careful when doing Bitcoin transactions because if you send money to a wrong place, you cannot get it back. To interpret Bitcoin as a scam without proper knowledge seems misleading to me. A team try to failed attempt to keep Bitcoin away from everyone.
Well let them think whatever
It is what it is
Bitcoin can never be a scam, tell them to make good research about Bitcoin
It is what it is
Bitcoin can never be a scam, tell them to make good research about Bitcoin
For sure they know that since for so many years bitcoin exist it proves for so many times that what those negative people think especially for bitcoin haters is not true. But they continue to ignore the greatness made by bitcoin since they have their own personal agenda since maybe they are promoting something and they need to disturb some good happening to bitcoin so they can gather attention then maybe promote what they think best or beneficial for those people. So instead of giving them an advice which for sure they would never follow maybe better ignore this type of persons and just focus on those people trying to explore some opportunities they can get from bitcoin since they are more worth to spend our time to discuss anything about bitcoin.
I wonder why many of us try to convince or spend so much time arguing with those who call bitcoin a scam. How does that benefit us?
Personally, I would ignore or even delete them from my friends list if they were so stubborn about bitcoin being a scam. Trying to argue with them is just a waste of our time, even if we convince them, we won't get any benefit from it. So I will choose to ignore them and focus on my investment. Besides, I thought, if only I could change my life thanks to bitcoin, that would be the most convincing explanation for them. And if they are still stubborn when they see my results, it proves that they are just jealous of me and do not have good intentions towards me.
And besides, nothing is perfect, even though we think Bitcoin is perfect, there are definitely some people who hate it and even consider it a scam or other negative things. So just ignore them, and there will come a time when they will regret what they have done after people who use or own Bitcoin rise to high levels, they only started after the price of Bitcoin was very expensive and that must be painful.
You're right, nothing is perfect without drawbacks, and bitcoin is no exception. If they stubbornly only look at bitcoin's shortcomings and ignore its advantages, then we shouldn't waste our time with those types of people.
Is Bitcoin a scam
It's so funny that at this stage and century , some people still believe that Bitcoin is a scam after it has proven itself over and over which has led to it's massive adoption.
If anyone still thinks Bitcoin is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe it or not Fiat is brain rot.
There are so many things these peoples must understand to know why they are really a slave to the fiat system.
Decentralized nature
This is the major difference between fiat and the bitcoin, there's no influence or control from authority like government , no manipulation in transactions or values everything done in bitcoin is transparency as full nodes could be run by anyone,anywhere anytime without hidderance and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.
In fiat everyone is subjected to the power of governmentand its agencies, the supply ,circulation are always influenced by their Monetary policies.
Supply
Bitcoin has a specific fixed supply of 21M coin which will ensure protection against every from of devaluation , beside there's a smaller unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings about increase in price , bitcoin price is also determined by the demand and supply in the market.
On the other hand, fiat currencies can be printed at will by the government and the supply will still be determined by that single entity which is still the government.
I still have friends who think that crypto is a big pyramid scheme. To be honest, at the beginning I tried to convince them otherwise, but I've given up trying now. No matter how many times you give them the example of the fiat currency, which is simply printed every day and has not been backed by gold reserves for a very long time, many people still feel more comfortable when they believe that this piece of paper is much more reliable than a normal digital currency. It's 2024, and some people feel like they were born yesterday.
He/She have no economic knowledge who said bitcoin is scam.
Bitcoin is a digital power of public and economical support network. Most of the people don't know the deep about bitcoin also most of the people know well about it but secretly buying.
Bitcoin is a digital power of public and economical support network. Most of the people don't know the deep about bitcoin also most of the people know well about it but secretly buying.
Of course, some people who only get a little information about Bitcoin will think so, but if they can try to find out information about Bitcoin then I think it is very likely that they will be interested in being able to take advantage of the opportunity to invest or trade Bitcoin, for some people there are many experiencing losses from investing or trading Bitcoin is of course their own fault because if they invest or trade with little understanding of Bitcoin of course they will easily lose money on investing or trading it, so I think it is important for someone to get information from sources trusted so that they do not have the wrong understanding about Bitcoin.
There are many sources of information about Bitcoin that we can search for and our job is just to try to verify these sources so we don't get caught up in fake news. Open access to information in the midst of technological sophistication makes it impossible not to gain understanding unless we try to find out. The problem of losses when investing will be minimized when people understand how, unless it concerns trading because even though we already understand there are times when trading will result in losses at certain times.Risk cannot be separated when we invest, but what we can do is try to minimize it. The way to do this is to try to learn first so that when you get involved in it you have an idea of how to make the right investment. The mistake people make is not trying to learn first and instead being too hasty in investing without the right knowledge.
Actually bitcoin is a scam in the eyes of those people who do not know anything about bitcoin, countless time I keep seen people talking about bitcoin being a big scam. wherever time I see people talking about bitcoin being a scam always laugh, reason is because I think they are mistaken bitcoin for other coins. though if you check very well you're going to find out that they have a reason for saying that bitcoin is a big scam maybe I guess they most have experience loses in the market, that is why I don't always blame them for saying that bitcoin is scam.
Of course, some people who only get a little information about Bitcoin will think so, but if they can try to find out information about Bitcoin then I think it is very likely that they will be interested in being able to take advantage of the opportunity to invest or trade Bitcoin, for some people there are many experiencing losses from investing or trading Bitcoin is of course their own fault because if they invest or trade with little understanding of Bitcoin of course they will easily lose money on investing or trading it, so I think it is important for someone to get information from sources trusted so that they do not have the wrong understanding about Bitcoin. 
It's so funny that at this stage and century , some people still believe that Bitcoin is a scam after it has proven itself over and over which has led to it's massive adoption.
At this point, I don't even need to convince anyone - especially if indulging in crypto is against their will. I seen alot of vandalism and derailing videos about Bitcoin; truth is that the media carries both exaggerated and alleged informations. Anyone that believes Bitcoin to be a scam is nostalgic!Quote
If anyone still thinks Bitcoin is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe it or not
We've all been slaves for as long as the world never knew what bitcoin was, not until SATOSHI came forth with its white paper. People have been hypnotized into paying unnecessary taxes/levies and at some point, with no other options to choose from, that has slowly become the usual thing.
Actually bitcoin is a scam in the eyes of those people who do not know anything about bitcoin, countless time I keep seen people talking about bitcoin being a big scam. wherever time I see people talking about bitcoin being a scam always laugh, reason is because I think they are mistaken bitcoin for other coins. though if you check very well you're going to find out that they have a reason for saying that bitcoin is a big scam maybe I guess they most have experience loses in the market, that is why I don't always blame them for saying that bitcoin is scam.
Bitcoin is a scam.
People who own Bitcoin aren't a scam.
If enough people believe something is NOT a scam, then it is not a scam until they believe it is a scam.
When the electric grid fails, then people will believe that both, bitcoin and fiat are scams.
People who own Bitcoin aren't a scam.
If enough people believe something is NOT a scam, then it is not a scam until they believe it is a scam.
When the electric grid fails, then people will believe that both, bitcoin and fiat are scams.
Suppose you bought a bitcoin today for $100, and in a few days it drops to $25, and you feel like you've been scammed. To most of the people in the world, Bitcoin seems to be exactly the same, because they often make big mistakes and blame the coin.
Sadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
Sadly but true, Bitcoin is not for everyone, because just as Bitcoin can go up, it can also go down. So I would say Bitcoin is not a scam, it is a high-risk investmen
Those people who say that Bitcoin is a scam are ignorant of investing, I would say they have no idea about Bitcoin which is why they comment. Bitcoin is risky If we can check the market in Bitcoin and invest for long term with patience then surely we can get success in Bitcoin investment. Many times it is seen that if we invest by looking at bitcoin market urdu momentum then suddenly if bitcoin market goes down then we should not have volatility because bitcoin market is always volatile we think about that volatility and think about era if we invest bitcoin patiently Of course we can succeed. But those who invest in bitcoins to get rich overnight I would say that if they invest overnight then they will not get a success .
How would a decentralized system be a scam, what I understand here is that some people do not understand this digital asset thats why they will castigate what they do not know, Bitcoin is built on trust and thats why it has always been the best coin that has ever existed, many people doubted it way back and they have live to regret it, the best approach to succeed in any investment is to make personal findings and investigation about the system before investing, there is know hidden thing in Bitcoin, every transaction is open unless you allow yourself to be scammed through a dobious means, it has been said countless times that Bitcoin is not a get rich fast investment, in Bitcoin everything is done through a process that's is transparent.
Well let them think whatever
It is what it is
Bitcoin can never be a scam, tell them to make good research about Bitcoin
It is what it is
Bitcoin can never be a scam, tell them to make good research about Bitcoin
For sure they know that since for so many years bitcoin exist it proves for so many times that what those negative people think especially for bitcoin haters is not true. But they continue to ignore the greatness made by bitcoin since they have their own personal agenda since maybe they are promoting something and they need to disturb some good happening to bitcoin so they can gather attention then maybe promote what they think best or beneficial for those people. So instead of giving them an advice which for sure they would never follow maybe better ignore this type of persons and just focus on those people trying to explore some opportunities they can get from bitcoin since they are more worth to spend our time to discuss anything about bitcoin.
I wonder why many of us try to convince or spend so much time arguing with those who call bitcoin a scam. How does that benefit us?
Personally, I would ignore or even delete them from my friends list if they were so stubborn about bitcoin being a scam. Trying to argue with them is just a waste of our time, even if we convince them, we won't get any benefit from it. So I will choose to ignore them and focus on my investment. Besides, I thought, if only I could change my life thanks to bitcoin, that would be the most convincing explanation for them. And if they are still stubborn when they see my results, it proves that they are just jealous of me and do not have good intentions towards me.
And besides, nothing is perfect, even though we think Bitcoin is perfect, there are definitely some people who hate it and even consider it a scam or other negative things. So just ignore them, and there will come a time when they will regret what they have done after people who use or own Bitcoin rise to high levels, they only started after the price of Bitcoin was very expensive and that must be painful.
Bitcoin is not a scam, it depend on the business involved, beside bitcoin is a legit business that connect world together as one price in the ecosystem.
Yes. friend. If it is a scam, BTC has not been heard from until now and the fact is that BTC is now the main concern of the world's economies and investors and just waiting for their action in giving a positive response to be able to be mass adopted in our daily lives in the future.
Maybe when many are still hesitant and this is not too interesting for those who are skeptics but I have a hunch and this makes me smile they will also go to BTC eventually too. Yes. Financial technology continues to move forward instead of backward.
*Snip
Thank you for such a wonderful thread and information you shared, with all that Bitcoin have achieved since 2009 it came into existence, single handedly creating an entire new type of money system we all know as the cryptocurrency ecosystem today, I think it's absolutely foolishness for anyone to still consider bitcoin as a scam even at this stage.But then on the other hand, I might not want to blame those who consider bitcoin as a scam, they possibly have never heard of bitcoin or know what it really all about, for this type of people, I think it's alright for them to call bitcoin a scam, but it will be foolishness and ignorance on them if they fail to really research what bitcoin is, or if after researching, they still see bitcoin as a scam, then it's completely their loss and I have no pity for such people.
We have different sight about bitcoin, and if there are people who think that bitcoin is scam then let them think it that way, because only people who are lack of understanding will believe that bitcoin is a scam, bitcoin is not scam but some people used bitcoin name to scam others, that is why sometimes people will think that bitcoin is also a scam but its not. They are wrong and if they only new what bitcoin is maybe they will not think that bitcoin is a scam.
Jump to: