Those who still believe that Bitcoin is scam doesn't even know Bitcoin at all, or they don't spend time to know the truth.
Bitcoin has been or still being used to scam, but that doesn't mean that it is a scam, it is just a currency being used by scammers because of its anonymity for the users.
Topic: Is Bitcoin a scam - page 5. (Read 1221 times)
if anyone really thinks bitcoin is a scam. I only have one question for him.
when making a profit from the increase in the price of bitcoin, then withdrawing it into FIAT money and it actually happens.
or for example, you can buy a real item using bitcoin as payment. can it still be considered a scam?
maybe you say it's a scam because you buy bitcoin at a high price and sell it when the price is down. and it looks like you also need to read what investment is. because bitcoin is more precisely an asset to be used as an investment for the future, not a tool to multiply money in an instant.
when making a profit from the increase in the price of bitcoin, then withdrawing it into FIAT money and it actually happens.
or for example, you can buy a real item using bitcoin as payment. can it still be considered a scam?
maybe you say it's a scam because you buy bitcoin at a high price and sell it when the price is down. and it looks like you also need to read what investment is. because bitcoin is more precisely an asset to be used as an investment for the future, not a tool to multiply money in an instant.
There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.
Yes, there is no denying that bitcoin is the best digital asset to date, but how does it disrupt the global payment system and banking system that has existed for hundreds of years? I really can't imagine how bitcoin will do that? And do you think bitcoin can easily become popular if it tries to destroy the current monetary system while we live in a government-controlled world? Do you think governments will accept a bitcoin ETFs or legalize it if its purpose is to destroy their centralized system? Don't be too delusional, bitcoin is not an immortal god that can destroy everything.
Nothing will be destroyed by this and now no one can destroy this with we all will be going to stay together, just need to be some more realistic about bitcoin approach.
This brings good changes for the many those were never have any idea to have changed in life now they are enjoying with this all changes and also try to have bright future due to independent nature of this bitcoin.
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.
I don't blame people when they think about bitcoin just the way they feel because the truth is that they are ignorant of what bitcoin is, from experience I could remember when I haven't know about Bitcoin very well, I had some mindset about bitcoin that was so different about bitcoin. Having wrong mindset, understanding is very common with people who don't really know what bitcoin is that is why I don't even react when I see people intereprete bitcoin on their way. Even with the wrong interpretation people give bitcoin it is so good that bitcoin is different and far from what people thinks about it. There are so many things these peoples must understand to know why they are really a slave to the fiat system.
It is just a matter of time after now those who have a negative mindset concerning bitcoin will have a good understanding which will also benefit them in the future.
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.
That is the advantage possessed by Bitcoin because there are no entities that can adjust their travel in an inflisit because the price journey will be determined by the request and supply process. In contrast to the Fiat currency which has rules from their respective governments in terms of distribution and usually the value continues to decline because of problems that occur around the world economy and other events. Bitcoin has shown excellence in economic conditions that are in trouble like some time ago that occurred when the Covid disaster struck and the level of inflation that occurred so large Bitcoin could show its durability.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.
Although the government can print any money in any amount, but that does not mean they can solve the economic problem that is currently poor and the absence of the balance of money that is printed can affect the stability of the country. If not the country is so easy to solve the problem by printing as much money as possible but that is also not a concrete solution that can be run.
There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.
Yes, there is no denying that bitcoin is the best digital asset to date, but how does it disrupt the global payment system and banking system that has existed for hundreds of years? I really can't imagine how bitcoin will do that? And do you think bitcoin can easily become popular if it tries to destroy the current monetary system while we live in a government-controlled world? Do you think governments will accept a bitcoin ETFs or legalize it if its purpose is to destroy their centralized system? Don't be too delusional, bitcoin is not an immortal god that can destroy everything.
There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.
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.
I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.There are so many things these peoples must understand to know why they are really a slave to the fiat system.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.
If they believe its scam then so be it there's no good to argue with people doesn't have any knowledge about it since we will just end up having a conflict with other people and if we pick up their nonsense then we became same as them.
Its better to continue on what we are doing and if they don't like our investment on bitcoin then let him watch how we earn since once they see that we are earning good money on bitcoin for sure they will show up an interest to learn about this. But still I will not teach them if that time come so they don't blame us on any unfortunate incident happen to them and let them discover since at the end of the day they are the one held responsible for theirselves. If they continue to ignore it for sure they would regret the chance they miss once that 1 million figures will be achieved.
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.
I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.There are so many things these peoples must understand to know why they are really a slave to the fiat system.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.
Well, yeah, you just said that we all know, but I can't that it's a bad post. We just can't change what others think. Well, most of them at least.
Yes it's a scam, look at the growth of it's price in just a span of two years and then look how it dumps after rising in prices, you can also look at the market history of bitcoin starting from 2009 to March 2024, look at how it's a scam. Check also the people that have their lives turned upside down because they've invested in bitcoin, bitcoin is definitely a scam, there's no two ways about it. That's why I've been invested in bitcoin for a really long time too, it's because it's a scam and you can't change my mind OP, no matter how much you say that it isn't.
You know what the biggest scam is :
Bitcoin was and will never be a scam
**CoinL
, this is the only thing that people are allowing themselves to be a victim of scamming and this is the only scam that generates you so much profit while being in scam situation.. so this will never be an issue from me and for many of us also. 
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.
I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.There are so many things these peoples must understand to know why they are really a slave to the fiat system.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.
- Well, there is nothing we can do if there are people who think that way about bitcoin and that it will never go away, so don't expect that from those types of people.
There are even people who say that bitcoin is a god, even though it is obvious that it is not. These are the people who are blind to the truth; they are not a loss to those of us
We who believe in bitcoin, so let's just let them think what they want to think.
Another thing is that people have a different mindset. When they invest in an investment opportunity that is not really a scam, they consider it a scam because the capital they
used did not make a profit, even though they did not find a way to work it out. It's for them to make a profit.
The era we are now anyone can believe what ever they want to belive. Because they just don't want to take risk and all the excuse they are given is just because they don't want go lose money and they are looking for ways to dodge it. And there are a lot of them that still think that bitcoin is a scam. Some of them we act as if they have fallen of victim of something and it is all a lie. They are just scared because they said you can lose your money while investing in bitcoin. When it comes to bitcoin investment that is when you will hear all manner of thing tagging bitcoin as a God is a very wrong thing to do. There are even people who say that bitcoin is a god, even though it is obvious that it is not. These are the people who are blind to the truth; they are not a loss to those of us
We who believe in bitcoin, so let's just let them think what they want to think.
Another thing is that people have a different mindset. When they invest in an investment opportunity that is not really a scam, they consider it a scam because the capital they
used did not make a profit, even though they did not find a way to work it out. It's for them to make a profit.
If you want to invest you can invest peacefully and people should aviod looking for excuses. And another thing is that people should stop given excuses and come out straight instead of calling it scam.
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.
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.
Actually this is not completely true, but it is not wrong either. But indeed, they remain under the control of the authorities. And it will always be like that, centralized....taxes...
Taxes are always a structured dilemma. Anyway, regarding taxes in crypto, especially in my country, we will never run away from taxes as long as we still use local exchanges in our country, Indonesia. Because they immediately deduct a certain percentage of tax every time they make a buying and selling transaction. 
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.
I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.There are so many things these peoples must understand to know why they are really a slave to the fiat system.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.
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.
-
They never knew that the purpose of creating Bitcoin was to gain transparency against traditional currencies which still depend on central banks and financial institutions based on several explanations behind the main purpose of creating Bitcoin by Satoshi Nakamoto.
In the Bitcoin white paper, the introductory section that I read is still relevant to the current situation that trading on the internet still depends on third party financial systems. The presence of decentralized Bitcoin provides a very transparent system so that anyone can know every transaction that occurs.
Maybe those who think Bitcoin is a scam have never read the Bitcoin white paper so they are never willing to find out how the Bitcoin system works.
It's really not knowledge-based that people think Bitcoin is a scam.
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.
If Bitcoin were to be a scam how can it be so that Bitcoin has developed this much from 2009 till date. I think those who thinks Bitcoin is a scam has little or no idea about Bitcoin.If Bitcoin is a scam how was the scam meant to go? The adopters of Bitcoin is on the rise even countries like El Salvador are benefiting greatly from Bitcoin.
Good point out mate!
I think lots of people associate bitcoin to those projects who
rugpull. I have heard lots of people fall victim to new projects
and then they give their money they receive a few profit
and then suddenly the developers will run. The thing about bitcoin
is that even though technically the creator of it is nowhere to be found
it is still functioning perfectly and exceptionally well may I add.
The people who do not want to adapt bitcoin are just heavily misinformed.
There is nothing much we can do about this but give them the proper
knowledge. Maybe they think that bitcoin is too good to be true but
that is why we should tell them that there are still risks so as to not
paint the picture of a too good to be true kind of project because it is not
]
As long as I am certain, I know that bitcoin has long grown pass the stage of skepticism (whether or not it is a scam). Bitcoin has vindicated itself several times amidst all kinds of allegations of it being scam or some kind of Ponzi schemes. Maybe what people should be asking or considering is how long bitcoin is going to last. Whether bitcoin will be in existence as long as internet is functional or it will be defeated by the government one day
What you call the biggest fraud happens now with bitcoin also. Many people in different countries pay hugely in the name of cryptocurrency tax. The government of many countries have discovered how to successfully task bitcoin or crypto earnings.As long as I am certain, I know that bitcoin has long grown pass the stage of skepticism (whether or not it is a scam). Bitcoin has vindicated itself several times amidst all kinds of allegations of it being scam or some kind of Ponzi schemes. Maybe what people should be asking or considering is how long bitcoin is going to last. Whether bitcoin will be in existence as long as internet is functional or it will be defeated by the government one day
Well, that is kind of expected. The government might never have full control over it, but there will always be a time that come where they will successfully impose a tax to each and every person who gets involved with cryptocurrency mandatorily without a single hole to escape that biggest scam in life LOL.
Here in PH, they released a notice to the public that any crypto related transactions should be taxed, but there's no way they I can identify who owns one or trades one. So, now they are targeting the local crypto exchanges and even Binance, which they have threatened to ban in the country, but did a delay because they never got even a single response from the team.
Nevertheless, there are still people who believed Bitcoin is a scam, but I understand where they're coming from as they never had any idea one is Bitcoin since.
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.
Am really happy for this comment, you did reply so well. Anyone that thinks Bitcoin is a scam should start being a slave to fiat like the OP already stated, Bitcoin is not a scam but people doesn't understand what Bitcoin is and that is the main reasons why they think that Bitcoin is a scam. If Bitcoin is a scam it wouldn't have been were it is today. The man that invented Bitcoin just made it very different from fiat banking systems. Bitcoin is decentralized and that's the main reason why it can't be controlled by any body, so when they are saying Bitcoin is a scam I don't blame them because they don't understand all this things we are saying here. They thinks that Bitcoin is a scam because some people give scammers a chance to scam them their Bitcoin, I have also seen were a scammer scammed someone and collected his fait currency, which means fiat is also a scam 
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