Topic: Is Bitcoin a scam - page 2. (Read 1221 times)

That is simply the truth; let people continue to say bitcoin scam we know it is genuine, let them continue to say negative things about it. I am confident that people who say bitcoin is a scam either lack knowledge about it or are simply uninterested in online investing, and they will try to discourage others from doing so. Anyone who says bitcoin is bad, I simply look at them and smile because those people will never try to learn because before you say something is bad, you must first conduct research on it before you can say it is a scam. If you ask them why bitcoin is a scam, they cannot provide rational explanations. they think all online is scam but i don't blame them they don't have achievement on bitcoin because not any investment or business favour everybody some you succeed some you fail. and my main point someone should not call anything scam if he don't have a confirmation or prove that he can give to people so that they will beleave what is saying.

To cut long story short, bitcoin is not a scam and it will never be because no one controls it, anything anyone can control is what we can call a scam, but as is uncontrollable it's not a scam. Everyone can say what they like because there is freedom of speech but one still have to be mindful of what he's saying so he don't get into trouble. Paying tax to the governments is what is scam but slot of people don't say it because they are scammed of the government. The government is scared of Bitcoin that's why they don't want people to use it, and what surprise me most is that the government knows about more than we do but they are still scared because of they allows it many people will pay use the banks anymore.

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.

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.

The circulation of bitcoin cannot be controlled by anything, but we should never forget that the price of bitcoin on the market can be controlled by people who have a lot of money. Now more and more whales are trying to come in and move market prices according to their wishes. Meanwhile, for scams, we have to provide clear evidence of what the OP means. That way we can conclude how OP says Bitcoin is a scam. If it's just paying taxes then I see only paying transaction fees to make bitcoin transfers, Nothing else.

You will be cheated just because you don't know any basics when involved in investing and the fraud occurs because you don't understand what you are doing. Fraud involves individuals and it occurs because of your own mistakes in not being able to assess the level of truth that is produced. Bitcoin does not have the ability to deceive if it is not driven by people, that means fraud does not involve Bitcoin implicitly, but rather people who try to use Bitcoin to deceive you, me and other people.

You and anyone else must learn how to recognize the concept of fraud that people carry out and their habits are influenced by the desire to gain big profits in the wrong way. Never fall for the promises of big returns that people offer because you can try investing or trading on your own.

Well let them think whatever
It is what it is
Bitcoin can never be a scam, tell them to make good research about Bitcoin

I am also curious on what do you mean by scam attributes that bitcoin has possessed?  I mean how can bitcoin possessed such bad element or attribute when there is no one controlling it, unlike all the alts created in the market they are all run by a people/company.
If anyone you know got scammed using bitcoin, well, it's not actually bitcoin itself scammed those people, It was only used as a tool to scam people just like how they got their bank account balance, fiat currency, e-wallet balance, and any other form currency was being scammed by criminal minded individuals.
As far as I know there are no elements or attributes about bitcoin to be considered as a scam.

People would always want to think whatever,they own their thoughts.The fact that their thoughts doesn't change the value of Bitcoin then Bitcoin still remains a store of value regardless their thoughts.Those people who think Bitcoin is a scam are those who have no knowledge about bitcoin, that's why it's good to know about something before concluding wrong speech.Bitcoin is one of the realest and legit decentralized digital currency that eliminates third parties in a transaction.Bitcoin enthusiast have been exploring and using Bitcoin regardless of people's opinions around us.No matter what people say Bitcoin is a scam it doesn't change my mindset because I've gone too far to believe shit.

Maybe newbies are the one calling bitcoin as scam especially if their expectation towards earning easy richest will not meet. We see a lot of this and this people crying because they lose their money from their wrong decision to trade bitcoin at wrong time. If newbies could just do a good research on what they want to know about bitcoin for sure those expressions saying bitcoin will not came in their mouths. But they would correct their approach and say that bitcoin is good investment especially they could able to see the result of the efforts they exert for researching.



Scam attributes of what? Scammers just use that as currency and bitcoin name has been dragged then include it as part of scam. That's why research is important so people will not create a wrong impression on bitcoin since if you just think about bitcoin is all about profit and loss then maybe you cannot see its real potential or usage.

That's what many who think Bitcoin is a scam thinks, they only feel Bitcoin is all about making profit and they fail to understand that it is either you gain or you lose. "Some" of those who experience the positive side of Bitcoin will tell the novice the sweet part of Bitcoin investment and leave out the ugly side of it and I believe that in as much as it works for you it can't work for the next person the same way it went with you.
And I agree with you that not everyone can say good about Bitcoin especially those who fail in investing in Bitcoin and they are the type that send negative information or news about Bitcoin being a scam.

No, Bitcoin isn't a scam, it's just a currency. It works pretty well for what it was designed to do. However I am not saying you can't lose money on it. If you don't believe in the technology then definitely don't invest more than you can afford. Bitcoin is not really about money or investment. The coins have value and people do invest in them. If you understood Bitcoin, you would not ask that question. Bitcoin is nothing more than a very secure digital currency. A cryptography based currency that is in my opinion less of a scam than any fiat currency that preceded it. People who says bitcoin is scam is because they lack the knowledge, When they can’t keep up with the fluctuating rates of bitcoin, they think that they are facing losses as bitcoin is a scam.
  However, ask yourself questions about the current monetary and financial system which is one of total opacity and which allows corrupt individuals to embezzle hundreds of billions of dollars every year. Is this unfair system for the people a scam? It's up to you to do your research and find the answer you consider to be right. I already have my own ideas on the matter. Additionally, not all places accept bitcoin as a means of payment, so one should be careful and investigate the place where the bitcoin will be used.

Of course Bitcoin possess the scam attribute. In the land of the living it is right to suit yourself however you understand the life. One saying Bitcoin is a scam is right cos of the nature of the market. Everyone cannot say good about Bitcoin, most people have experience the worse aspect of Bitcoin in various dimensions. But one thing I'm so sure is guaranteed in Bitcoin market is "profit" and "loss".

Not Bitcoin, but how certain people utilize it. Like any great creation, it can be abused, but that doesnt make it bad. Bitcoin is a revolution in money thinking.

Skepticism is healthy. However, those who disregard Bitcoin are missing the point. Blockchain is one of the safest, most open technologies. Blaming Bitcoin for frauds is like blaming the internet for one lousy site. Bad actors, not tools, are the issue.

The smart money is learning. Learning about money and Bitcoin. Giving yourself digital power is the goal, not getting rich quick. Smart investors realize the risks. They know when to act and see Bitcoin's long term. Clearly, a sensible, informed investment is vital.

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.

The people that will be making such a reference that bitcoin is a scam is people who does not value bitcoin and who is against bitcoin existence so from my understanding many people has worked with Bitcoin like holding bitcoin for period of time, investing in Bitcoin for long season many people has done that and they can testify of the goodness of Bitcoin... so people who is condemning Bitcoin saying that bitcoin is a scam it is left for them so there are people who is against Bitcoin and they are not ready to test the abilities of Bitcoin investment.

that is another reason why we not need to believe anything that will see online because some bloggers I have a fake information so what they need is for you to click on their side and read and for them to make money from viewing their article, assuming you will invested when you know Bitcoin you will become a billionaire in Bitcoin, so you have also noticed bitcoin is all about and they know quite well that bitcoin is a sincere digital currency, if you want to compare and also condemn the attitude of Bitcoin since it existence by now nobody would have embraced Bitcoin because it is a scam, but bitcoin has proved them wrong the many people today is into bitcoin investment due to is the showing a good evidence and there's so many other people have tried to understand the systems of Bitcoin knowing that the price is not constant and it is based on the price increasing and decreasing what makes some people to think that the Bitcoin is a scam whereas bitcoin is on it own to help easy transaction of currencies across other nations.

you will not actually blend some people who is into a bitcoin investment newly because I can see that what makes some people to think that bitcoin is a scam is when they have not understand the regulations of Bitcoin and when they invest in Bitcoin when the price is high they may think that that is the way the price may be going high and if the price happen to depreciate or reduce in the market they will conclude that Bitcoin is a scam based on they have not make a profit during the investment... so when looking at it will notice that no one who has invested in Bitcoin and make a profit in Bitcoin will you say that Bitcoin is a scam based on they have already benefited from it.

many people knows about Bitcoin but the thing is that some of them who are saying that bitcoin is a scam have not invested in Bitcoin before why they are condemning Bitcoin may be based on people have scammed them with their payment of Bitcoin and they may think that as they paid their scammers with Bitcoin that means bitcoin is a scam, so this is the Aspect people contradict bitcoin technology with a scam because you investing in Bitcoin or you purchasing the Bitcoin and left it in your wallet and the Bitcoin vanish from your wallet it is when you say a bitcoin is a scam but you purchase a bitcoin bitcoin is still there and continue to be there in your wallet, the only thing that will happen to it is that when the price decreases it will affect your Bitcoin in your wallet and investing to make a profit you'll be a targeting when the price is on dip and purchase and sell when the price is high..... in summary why some people are refuting the fact that bitcoin is a scam is because people's come them with Bitcoin and they make their payment of scam with bitcoin that is why the always emphasize that bitcoin is a scam while bitcoin is not a scam from my perspective.

This is what we need to pay attention to most of all, I believe that celebrities, organizations, banks or anyone who talks bad about bitcoin on a daily basis has a larger purpose behind it. They don't want too many people owning bitcoin, they don't want to share the wealth with too many people...but many people are falling into their trap. I never believed what they said and I didn't laugh or get angry like some people because I knew they had a bigger purpose. For me, the winner is the person who has the most bitcoins, not the person who always praises and brags about bitcoins but only has very little bitcoins in hand.

When people have a good understanding of Bitcoin, of course they have done research about Bitcoin in depth so they already know that Bitcoin will be very profitable if someone collects it and can make a profit if they understand well how to take advantage of holding Bitcoin and are very correct in what What you say is that the government and banks will certainly be very worried if everyone believes in Bitcoin and chooses not to keep their money in banks anymore, which is only profitable for the banks but very little benefits for those who keep their money in banks.

Some people who believe in Bitcoin can of course use it as a place to store investment assets for the future, because currently it is still very difficult to use Bitcoin as a means of payment and most people save as an investment for their future.

Those people who thinks and said that Bitcoin is a scam must be living in a cave. If not, well, they are only trying to spread a FUD there and will take advantage of the situation by buying when the price dips a lot. Lastly, they can be the government or banks who thinks that Bitcoin is a big threat to their businesses.

There are still people who are aware of bitcoin and believes that it is legit. They can even use it but it's just that fiat is more legal on their country and let's admit it, it is much easier to use than Bitcoin. Another thing on why people won't use their Bitcoin daily like a fiat currency, is they think it's too valuable due to its properties (e.g. it has a very limited supply).

Bitcoin is not a scam and since 2012 Bitcoin has come to exist, assuming Bitcoin is a scam, it could not last for a long period of time and has short down since. But instead it keeps spreading and growing rapidly with price movement increase with a very high demand on the daily basis. Therefore Bitcoin is created for difference purpose and usage.