Topic: Is Bitcoin a scam - page 7. (Read 1221 times)

If I'm not mistaken JP Morgan invested in a bank that owns MSTR shares and we know that MSTR is closely related to BItcoin, also with Warrem Buffet who invested in an entity that took part in the development of cryptocurrencies, this is natural to question why they are so, I think they actually have thoughts about bitcoin just not as brave as Larry Fink.
As a successful person in the world of investment I quite doubt that they do not jump on bitcoin, the logic is when bitcoin makes a lot of money and faster than a company stock, so my other thought is that they also buy bitcoin with other hands or anonymously because of a high sense of ego before saying that bitcoin is a SCAM for them. IMO

Personally,I think bitcoin remains a scam to whoever see's or thinks bitcoin is a scam.Even in this 21st century if the average adult in the society doesn't know about bitcoin's existence as a digital currency and equally thinks bitcoin is a scam,that person should indulge in a self improvement session;like sit down and have a serious conversation with yourself because its actually simple and easy to embrace the life changing opportunities like bitcoin that exists significantly.

Even scammers refer to bitcoin as a scam,if they don't agree with bitcoin system or they don't like bitcoin that's their headache.Why now recruiting a wide range of people within their reach to ascertain the same mentality they have against bitcoin.
Bitcoin is not for the weak and precarious individuals!!

Because they did not do their homework, research before investing.
They are sensitive and vulnerable to Bitcoin FUD and if media says something bad with Bitcoin, they will blame their losses to Bitcoin as a fraud.

If they realize their responsibility with their own capital and investment or  trading, they will not blame any loss on Bitcoin. It is quite strong evidence that with time, since 2009, Bitcoin price goes up.

https://charts.bitbo.io/yearly-candles/

If we look at yearly min price, the trend is upward and very bullish.

Fact sheet for bitcoin price (daily low, high, close price over years)

Bitcoin was not created for scammers but scammers can use Bitcoin as one of their tools to scam people. Like a saying, a criminal use a knife to kill people but a knife or company produces the knife is not the cause.

If you think about it: fiat money has more characteristics of a scam.

One day people will realize what a trap they are in. Bitcoin is a solution to the problem, not a scam.

It is very difficult to convince flies that flowers are much more beautiful than rubbish. It's useless to advise stupid people who have been enslaved by the fiat system, they still won't believe Bitcoin is much more profitable than Fiat. Educating the advantages of Bitcoin to people like this will get a negative reaction, they will be offended by the thought that we have tried to lead them down the path to a scam. But if they are wiser in receiving advice and are able to digest every advice that comes to them, they will look for justification and will reflect because they realize that the advice is useful for them.

Selfish people like this will continue to be trapped in a system that ensnares them, Bitcoin is freedom, everyone who has Bitcoin is free to do whatever they want with the assets they own. People like this should lower their ego a little by reading the history of bitcoin including the time Laszlo Hanyecz confirmed that he had successfully traded 10,000 bitcoins for two pizza https://bitcointalksearch.org/topic/m.1195.

If you convert 10,000 bitcoins into US dollars according to the current Bitcoin market value, 10,000 bitcoins are currently at $670,580,000 (please correct if the conversion value is wrong), if Laszlo Hanyecz saved 10,000 to date, he would have managed to earn money amounting to $670,580,000, just imagine how many pizzas could be bought at the current price Bitcoin is trading at. The unprecedented increase in prices has encouraged many investors to save their money in Bitcoin, so it is very difficult for common sense to accept that anyone still says Bitcoin is a scam.

I think People's opinions about Bitcoin being a scam don't affect its reliability. Bitcoin has already proven its worth as a decentralized currency. Bitcoin is not solely for profit but its main purpose was designed to revolutionize payment systems. Investment in Bitcoin or any currency its carries risk. That is why understanding the bitcoin volatility is very important for investors to success. acknowledge the risks involved in Bitcoin investment is very crucial for investors as price fluctuations in the last few weeks Bitcoin price broke All time 73,000$  high and then goes down to 60,000$ votality of Bitcoin can lead to significant losses for investors. I also think those people who understand Bitcoin as a scam aren't aware potential of Bitcoin or someone miss guide them.

Just let it go if there are still people who think Bitcoin is a scam. They are the ones who don't want to try to learn what Bitcoin is. They will remain like that even if someone tries to convince them that Bitcoin is not a scam.

Those who have benefited from Bitcoin will change their opinions about Bitcoin. They will try to open their minds to Bitcoin and learn more about it. These people can see things from a different perspective, especially when they can make profits from Bitcoin.

So don't be surprised if we still see people saying that Bitcoin is a scam. We don't need to respond to what they say and just smile. These people can't and won't try to learn what Bitcoin is really about. We should focus on accumulating Bitcoins rather than arguing with them.

Sometimes people believe that Bitcoin is a scam simply out of ignorance, because of confusing it with something else or listening to some misinformation. That can hypothetically be fixed pretty easily by sharing knowledge. But I also think that sometimes people are mistaken like that because they lack skills of analytic thinking. They hear something about crypto scams and associate cryptos with Bitcoin, reaching a conclusion that Bitcoin is a scam. Or they hear about scams, in which victims lost their BTC, so they associate those scams with a conclusion that Bitcoin is a scam. This is just lack of proper analysis or how stealing Bitcoin is different from Bitcoin itself, how cryptos don't equal Bitcoin, etc.

As for the op's words about decentralization and a fixed supply of Bitcoin, I agree with that, although I wouldn't go as far as to say that the traditional fiat and taxing systems are the real scam.

I agree here, Bitcoin is not for everyone just like trading on Forex or stock exchanges is not for everyone - people lose money constantly on various investments, but we will hardly hear that they will accuse a well-known (influential) company of being a scam because their shares lost overnight 20% or more in value. As in real life, people fiercely attack those who cannot or do not want to defend themselves, and given that Bitcoin is decentralized, it is very easy to say that it is a scam and that it consumes electricity like some country, and that we will remain in the dark because of Bitcoin mining.

Of course, scammers use Bitcoin to the limit, but you should never blame the tool, but the person who uses that tool. Besides, for a scam to succeed, there is always a need for a naive victim, and the fact is that we have millions of people who behave just like that thanks to governments that do not provide for their education.

Honestly I do not understand those who think that bitcoin is a scam. Do they think that our money just grows out of thin air? No it does not and there is a perfectly clear explanation as to how it grows. They just do not want to listen and honestly if they do not want to hear it then it’s better to just not talk to them at all.

There is no point in talking to someone with closed minds. If they are ready to understand everything then we can explain but otherwise it’s moot and useless.

Bitcoin spot ETF is now traded on the New York Stock Exchange and NASDAQ just like Amazon, Google and Apple stock are traded.

If bitcoin was a scam there is no way the government and SEC would allow it to trade on the biggest stock exchanges in the world alongside the most legit companies in the world.  
Point out this fact to anyone who tells you bitcoin is a scam and it should shut them up real quick.

Until now, there are still some of my friends who still don't believe in bitcoin, they call it gambling, ponzi... they still believe that one day it will collapse. But I think it's because they missed it, and I'm getting better off than them because of bitcoin, and they're just jealous of me so they continue to have those negative thoughts. But no matter what they or anyone else says about bitcoin, I don't care because I'm busy enjoying the wonderful benefits that bitcoin brings  . In my opinion, we should stop worrying about those meaningless things, they only waste our time.

No matter what intentions they have for us when trying to fight against bitcoin, I am sure of one thing, they will never help us when we are in trouble, but bitcoin will definitely be an opportunity for us to overcome difficulties. So I don't want to waste my time with those people.

Sure Bitcoin isn't a scam but would you still say the same thing of you loose 95% of your investments if Bitcoin falls down in it's price? Bitcoin as a gamble, you either loose or you fail. You win if you apply the right strategy, you loose if you get too greedy for quick wealth. I have seen someone that constantly say that Bitcoin is a scam because he lost 95% of his investments. He was greedy and he lost.

FIAT are controlled by the government and the banks. If you keep your money in the form of FIAT, then you are not completely owning it. The government or banks can anytime freeze your money by stating any laws and you are bound to follow that. Whereas in Bitcoins, thanks to its decentralised nature, you will only have the full access to your hard earned money. So if you really think Bitcoins are scam, then you need to do proper research.

Only those that have no idea about bitcoin will be thinking about all manners of things concerning bitcoin because they have failed to learn or developed interest in learning on new things, in digital currency and cryptocurrency to be precise, bitcoin has been the only most recognized digital and acceptable currency of making payments, this means that people value less the use of altcoins because they don't want to risk anything that has to do with them, instead chose bitcoin which everyone has the reliability of it use and consistency.

There is nothing that you can't find answers to using the internet, if people still judge something they don't understand in 2024, where internet is everywhere, then they are stupid people, i don't ever want to spend my precious time on such people, what are they using their internet for then? TIKTOK? Only fans? You can't save stupid people that don't want to be saved.

---

In this present day of Bitcoin, if anyone still thinks that Bitcoin is a scam then nothing can change the mind of such people, its been out for way too many years already and I won't want to waste my time with such people, we are not in the 80s, everyone has a smartphone or computer this days where they can find answers about bitcoin, and if anyone still belief that its a scam, its because they don't want Bitcoin to succeed and they are mad that it's already succeeding or they are just complete ignorant beings.

---

If this scam nonsense is coming from those tech-experienced people or popular millionaires, you shouldn't bother yourself, they are using their power to influence or manipulate some people who have trust in them, to probably try to attack the price of Bitcoin, mind you, these popular figures are also Bitcoin investors in disguises, you will be shocked what they are doing in the back.

We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

If you don't understand why JP Morgan Chase Bank CEO Jamie Dimon calls bitcoin a scam relentlessly, or why Warren Buffet calls bitcoin absolutely worthless..then make sure you find out why.  These two men are are wildly successful, but shrude cut throat businessmen and while everyone with a brain knows Jamie Dimon is human scum who'd steal a dollar from a starving puppy in line for a bone, many think old sweet man Warren is too.  Look deeper.  These two call bitcoin a scam for a reason, and it's because it isn't one.

I remember first hearing about bitcoin back in 2011 or 2012 because I used to follow financial news. And most of the time they were calling bitcoin a scam because how it lost 90% of its value and to never invest in it.

Then someone I know mentioned bitcoin and I told him it’s a scam and I am not interested. This was maybe in late 2012 and I regret reading that original article. Because if I invested in 2012 I would of been very wealthy today, that is if I didn’t sell everything in 2013 when it pumped again.