Is Bitcoin a scam - page 3. | Bitcointalksearch.org

AnonBitCoiner

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Quote from: Volimack on March 28, 2024, 12:01:19 AM

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

Yes of course if bitcoin was scam then people will quickly realised this fact because scam projects ends very soon but bitcoin is not ended yet and become more successful day by day therefore it proves that bitcoin is not a scam asset
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I think that bitcoin investor will never think that bitcoin is scam but those who cannot buy bitcoin and have no knowledge will definitely share wrong information about bitcoin. There is no evidence that bitcoin is scam but if we ask about it from the its holders we will not find any negative thoughts from anyone.

macson

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the narrative about bitcoin being a scam has often been said by many people, even some of the richest people in the world have said this. but are their words about bitcoin being a scam true? not really, that's just their opinion saying that bitcoin is a scam, and everyone has the right to have an opinion on everything. so it comes back to us again, whether we follow these words or remain firm in the opinion that bitcoin is not a scam and in fact it is the most innovative and secure transaction system in the world today.

oktana

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Quote from: DanWalker on March 31, 2024, 04:34:21 AM

Quote from: FinePoine0 on March 31, 2024, 12:29:56 AM

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

Actually it makes sense not to quickly judge them because we don’t know what they have been through. It could be a really bad loss. But despite that, it must have been a misunderstanding that caused them coming to that conclusion because you can’t blame Bitcoin if you didn’t have proper knowledge before investing. It could also be people who have been in a “Bitcoin” pyramid scheme. At the end of whatever reason it is, it’s a misunderstanding though.

Rabbitqt

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I have been in this space since 2012 and have made a nice fortune from it, but I have full intentions of dumping the rest of my BTC on this bull. The only good thing to come from BTC is blockchain technology.

This space has aged terribly, and it isn't getting better. If we are judging this by the original white paper, then its use case has completely gone out of the window. I honestly believe people put way too much faith into the limited supply of BTC without realizing BTC doesn't have a purpose other than speculation, and the only group of people using it in day-to-day transactions are still primarily criminals, and it hasn't grown past that.

Now we have the ETF, which is nothing more than traditional money trying to gain control of BTC.

Besides scams and empty promises, what is BTC these days? Something to manipulate the new generation? I used to be starry-eyed and hopefully of this space, but now it's a very bitter pill to swallow... There must be some oldies who feel the same way.

CODE200

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Quote from: synchronym on March 31, 2024, 12:40:18 AM

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 .

I can agree to that but not all of them are ignorant for the sake of ignorant, some of these people are either really old or have been scammed before and they don't want to take risk in bitcoin because if they're old then that means that they've got an establish belief and most old people don't really have an open mind for new things, they're too old to try something new and so they close the door on the opportunity to invest or learn about bitcoin while those that have been scammed before, they want an assurance that it's not going to make their money disappear but this is difficult with bitcoin because you've got to remember that bitcoin is volatile which could lead to half of your investment gone because the value of bitcoin goes down, now for those people, they'd see it as a scam because how can that happen in such a short amount of time. The moral in this is that we should never really care about this people anymore, they're going to go on and hate bitcoin no matter what positivity it's going to bring, they'll always be hating on it.

arwin100

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Quote from: DanWalker on March 31, 2024, 04:34:21 AM

Quote from: FinePoine0 on March 31, 2024, 12:29:56 AM

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

Three people exist says that.

One is those complete newbie which crying for their losses on bearish condition and think about bitcoin is scam due to that matters.

There are also people who knows about bitcoin but they hate it its because they have other favorite coin that they support and saying something negative is their way to shift the attention of people and try to see their project and gain a new investor that will support them.

And last are those institutional investors who want to manipulate on the minds of people, they play mind games so they can influence people to do action that they like and they always get benefit if they can influence people either to have panic and sell their bitcoin or either they want to FOMO them and convince to buy.

DanWalker

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Quote from: FinePoine0 on March 31, 2024, 12:29:56 AM

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

blckhawk

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Quote from: The Cryptovator on March 24, 2024, 05:01:32 PM

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it.

Exactly, bitcoin investors and hodlers will almost always get the last laugh anyways, they can scream all they want that bitcoin is made out of thin air and that it's a useless thing that we put value into but they're all hypocrites that still considers fiat and gold as variable when both of them are just the same as bitcoin, their valuation was based on how much someone thinks it's worth and the demand it have on the market. I really like to listen to this kinds of people though, talking brashly and arrogantly about the things that they don't know about thinking that they're suddenly an economist or a trader just because they've watched a 20 minute video about economics online. Bitcoin haters will continue to hate even if the price goes up to a million in the future, so let them be, they will never have their minds changed or anything like that, they will never be able to move on or learn something new. I pity them though because I know that those haters deep inside wished that they've bought bitcoin back when it was still a chump change apiece.

fuguebtc

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Quote from: Patrol69 on March 31, 2024, 12:37:52 AM

Bitcoin will not be what it is based on what comments are made about Bitcoin, but Bitcoin will remain as it is. Just as there are people around us who have a positive mind about something, there are also some people with a negative mind who always think negatively about everything. Someone said bitcoin scam and bitcoin can disappear from the market anytime bitcoin scam is the thing but it is not like that at all. Basically, those of us who know about Bitcoin and have been involved with Bitcoin for a long time may have understood by now that Bitcoin is not a scam at all but Bitcoin is the most reliable digital currency. As much as we think, we should be in the thought that the other person said something, we should not give so much importance to it.

To put it more simply, instead of listening to what others say and hastily believing what they say, we should verify for ourselves what is true. If we easily believe that bitcoin is a scam just because of what others say, then if they say our parents or relatives are scammers while we are the ones living with the family, then what Is that trustworthy? We can't ban people from saying bad things or thinking bad about bitcoin because that's their right, our job is to authenticate things ourselves instead of easily trusting someone.

Belarge

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Quote from: oktana on March 30, 2024, 06:56:53 PM

You can’t blame them if they are adamant to Bitcoin and think it’s a scam because their whole life they knew only about fiat currencies. No matter how much you explain to someone who doesn’t have interest, they can’t see the advantages of Bitcoin nor why it is good. But we are all learning with time, so maybe in the future they could learn it from someone or somewhere else.

We learn either in the hardway which have made many investors to quit or the easy way, which means stacking up profits with appropriate information. Been adamant to instructions that concerns bitcoin, don't blame them because most of them have suffered huge losses which have plotted the mindset of seeing bitcoin as a scam. It's facts, when one doesn't have a proper stands in the system and losing back to back to bitcoin, he or she will start sensing Bitcoin to be scam because there's no presence of evidence.

synchronym

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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 .

Patrol69

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Bitcoin will not be what it is based on what comments are made about Bitcoin, but Bitcoin will remain as it is. Just as there are people around us who have a positive mind about something, there are also some people with a negative mind who always think negatively about everything. Someone said bitcoin scam and bitcoin can disappear from the market anytime bitcoin scam is the thing but it is not like that at all. Basically, those of us who know about Bitcoin and have been involved with Bitcoin for a long time may have understood by now that Bitcoin is not a scam at all but Bitcoin is the most reliable digital currency. As much as we think, we should be in the thought that the other person said something, we should not give so much importance to it.

FinePoine0

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Quote from: coinlary on March 24, 2024, 04:49:56 PM

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.

You know what the biggest scam is :

Bitcoin was and will never be a scam

**CoinL

Whoever posted this quote bitcoin scam doesn't know what bitcoin is. He is addicted to alcohol and does not know what to talk about and what to say. This is a proper transaction method as this is the only P2P Bitcoin transaction that is completed without a third party. Bitcoin has gained the most popularity among the people of the world and around the world because of these transactions, so these secure transactions will play a more important role as time goes on. So we are never worried about posts saying that Bitcoin is a scam, because we all here know that Bitcoin is actually a safe transaction system.

oktana

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You can’t blame them if they are adamant to Bitcoin and think it’s a scam because their whole life they knew only about fiat currencies. No matter how much you explain to someone who doesn’t have interest, they can’t see the advantages of Bitcoin nor why it is good. But we are all learning with time, so maybe in the future they could learn it from someone or somewhere else.

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Quote from: Volimack on March 28, 2024, 12:01:19 AM

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

Only those people who loses their money because of their impatience, lack of research, undisciplined effort are those who tell that Bitcoin is a scam. End even those who are scared of Bitcoins downfall, because they cannot cope for the risk taking that the cryptocurrency would require. Little do they know that their whole life is in matrix of manipulation by those who are real influential. The taxes, the schools, the news, real state, housing loans, those are being setup to scam people. But most people cannot see or understand it. They are already brainwashed and can't scape to true reality. That most political issue are being setup and manipulated by big people over the world. That's why to escape you need much of generational wealth, and Bitcoin can help you achieving that if you know what you are doing in the market.

Ale88

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Quote from: coinlary on March 24, 2024, 04:49:56 PM

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.

If Satoshi himself didn't want to waste time explaining what bitcoin was to people not interested in learning, nobody else should do it. If people are happy being enslaved by fiat currencies and paying a lot money for taxes, money that usually is either stolen or wasted, let them be. It's ok to talk about bitcoin if the topic comes up during a conversation but if the other person is not open to learn than it's pointless. Maybe they'll understand in the future.

Bushdark

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Quote from: Volimack on March 28, 2024, 12:01:19 AM

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

There are so many things we need to learn so that we can understand what we need to call a scam and we don't have the right to call a scam. The government is the one scamming us and we need to open our eyes and ask why we are paying tax for everything we do.
Even with the fund we have already paid tax for, we still have to keep paying the tax because everyone see it as an obligation and anyone that don't pay would have to be penalized. Bitcoin is really saving lives for better and we should not miss the opportunity.

Tmoonz

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Bitcoin is not a scam and can never be, it has proven beyond expectations, all the purpose to which it was made for are unvailling spontaneously, it is the best when it comes to the world class largest digital currency. It is still best and will remain the best. Those who doesn't believe about the potentials Bitcoin has are only narrowing their mindsets about innovations.

Fatunad

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Quote from: ajiz138 on March 30, 2024, 01:48:48 PM

Quote from: Onyeeze on March 30, 2024, 01:19:01 PM

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

The general practice is that when they consider bitcoin as a pump and dump it will be considered a fraud, there is no real asset value based only on the speculation of certain people, yes that is the thinking of those who do not believe bitcoin let them be silent because after bitcoin continues to rise then it will silence the conversation.

There are still many people who view bitcoin negatively this is still very reasonable because it is not in line with the government that can control it, they prefer a definite investment even though I myself consider bitcoin to be definite and a good investment instrument than other assets or other property.

Only newbies are the ones who would really be calling Bitcoin as a scam and not into those who are already been here on this market for a while now or a couple of years already.It would really be just that normal that they would really be having that kind of impressions on the time that they've seen their portfolio become negative and not on the time that it is really that increasing or profiting. Due to lack of knowledge on how this market behaves then you would really be having that kind of approach and impressions that you are too positive but it turns out to be that negative and this is something on which you would really be having those kind of impressions and approach on how things do looks like. Bitcoin is a scam? Sooner or later you would be able to laugh into yourself on how foolish you are on believing such joke.Although it would really be better that you should be expecting not something with it. Invest on what you can afford to lose as always so that you wont really be stressing up yourself on the time that the price would really be dropping. How much more if the market would really be experiencing such drop then it would really be normal that you would really be ending up on those mixed emotions.

RewFrew

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Never i think like that. I think who have not enough idea/knowledge about Bitcoin he will tell Bitcoin is scam. But now a days Bitcoin is well established in world economy. It’s usability and credibility increasing day by day. Every sectors Bitcoin using now a days. Even now a days Bitcoin's marketcap and volume also increasing, as a result anyone cannot think without Bitcoin in economic sector. I think in future Bitcoin will more important in economic sector.

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