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Topic: Let's Say Bitcoin is scam - page 4. (Read 1901 times)

jr. member
Activity: 49
Merit: 6
September 16, 2021, 01:27:28 AM
I have never thought about this problem, because Bitcoin has derived more products and can even form an ecosystem. If it is a scam, are so many super tech geeks and investment institutions in the world all fools?
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
September 15, 2021, 05:44:14 PM
Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!
I love the game but assuming it was truly a scam
How long would it take to devaluate
If it was a scam how come the government never succeeded in banning it
If bitcoin was really a scam why are banks keep some reserve
If truely Bitcoin was a scam El salvador wouldn't have thought of making it a major legai tender.

Bitcoin is an eye opener to the revolution coming upon Earth space and it would really be absord if many even after the success bitcoin has achieved in just 11years of existence still lose of this opportunity
sr. member
Activity: 1400
Merit: 283
September 15, 2021, 05:33:27 PM
if bitcoin was a scam wouldn't you think that by now people would haven't figured it out by now, if it was a scam wouldn't it creator has gone and used his coins to get profit from it at some point, now in the worst case scenario that i can think about that could bring bitcoin down is if all the countries come together and agree on banning it so all companies related to it would go out of business and its price would start to go down and people will start selling it until it crashes.
sr. member
Activity: 588
Merit: 251
HELENA
September 14, 2021, 06:58:35 PM
Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!

I don't see it as a scam.Bitcoin exist for how many years and there are proofs that it is good in gaining some profits in trading. I really don't see any reasons that bitcoin will be done someday because bitcoin is still popular until now.
member
Activity: 434
Merit: 11
September 14, 2021, 12:07:01 PM
It is launched about 11 years ago but still I don't hear any complaint of Bitcoin. It is trusted platform for investors. There are some scammers in Crypto Market who scam innocent users we can't say that Bitcoin is scam.
hero member
Activity: 1316
Merit: 502
September 14, 2021, 09:15:56 AM
Even in the worst case scenario, I don't think it will fall to the point of disappearing easily, as there will be a large group of fans who believe in bitcoin
If its a scam its long gone from the point when the creator makes profit but as the years go by it is still standing strong. I never ever saw a scam that profits the victim.
Maybe you avoided the black book and didn't become a victim and bitcoin becomes your pride but many people are official victims, bitcoin becomes their disgust and condemnation, however this story is not the malice of bitcoin, bitcoin as well as a game by the developers, it is not meant to be a scam, it provides an environment, scam is the play of investors, they know the advantages and exploitation as well as the developer has randomly opened such a path. The scam is just a conflict in aspects and opinions, Bitcoin is only the broker in this conflict
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
September 13, 2021, 08:00:42 PM
Even in the worst case scenario, I don't think it will fall to the point of disappearing easily, as there will be a large group of fans who believe in bitcoin
If its a scam its long gone from the point when the creator makes profit but as the years go by it is still standing strong. I never ever saw a scam that profits the victim.
hero member
Activity: 1120
Merit: 887
Livecasino.io
September 13, 2021, 06:33:01 PM
I would ride this line of thinking that you have with bitcoin. If it really is a ponzi, then one sign of its impending collapse would be the disappearance or the massive sell-offs of the mining machines that people are using to create new bitcoins. Those ASIC miners have little versatility within them that repurposing them for other coins is not really viable. Next, you would see exchanges closing off and huge amounts of bitcoins being transferred or offloaded somewhere. Most of these exchanges would file for bankruptcy to get something off of their exit plan.

The market would be the last to know if this 'scam' is going to end. It will be started by institutions who built tens of millions of dollars worth of infrastructure around it, then the exchanges, then you, if all of it is already collapsing on its own since the giant pillars are already out in this game.

Hysteria is the word in the worse case scenario of bitcoin being a “scam”. While it might take some folks 3- 8 months hypothetically to pull out their assets, the “skeptics" would never. They would rather buy more coins believing that it’s a hoax and it will end.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
September 12, 2021, 04:58:09 PM
Bitcoin is not a scam, it is a good project that has a potential to change the way we do our financial transactions today. Bitcoin is a pioneer in the crypto industry and there are other good projects solving some different problems.

honestly I don't know how anyone on this earth would believe in something as nonsensical as saying that bitcoin is a scam when we see clearly how this project is a great genius, there are dozens of good projects in this crypto market that prove how this market is something fantastic. I currently don't hear anyone speaking ill of this market because hundreds of companies and the rich are already in this market because they saw the potential and legitimacy of this market.
full member
Activity: 700
Merit: 182
September 12, 2021, 03:00:28 PM
If anyone says bitcoin is a scam, then I just tell them to turn around and then I will kick off their as* and tell them to go to h***. It is my currency, and it is a currency for the world. It's financial freedom for me and for the world. It's an investment assest for me and for the investors. So what do you expect from the things that they provide? This is a thing for everything related to finance and for everyone. It does not matter which category, proffesion, or position you fall into. It's for everyone. So my dear friend, don't tell anyone it's a scam. because it's a thing that changed my life.
jr. member
Activity: 619
Merit: 1
September 12, 2021, 02:20:19 PM
It was only reasonable for someone to believe Bitcoin was a rip-off. That's a normal reaction, especially for those who aren't familiar with the specifics.
They only perceive incorrect assumptions or news that is based on falsehoods, not on facts. Bitcoins, on the other hand, have proven to be an essential component of the cryptocurrency industry over time. and debunking public falsehoods about the bitcoin fraud The fact that bitcoin is still the world's most popular digital money is confirmation of this.
hero member
Activity: 2268
Merit: 789
September 12, 2021, 12:06:55 PM
Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!

What determines the price of BTC is the law of demand and supply. In addition, its price is also dependent on how people purchase it on the market. That is why, BTC has been associated as the new era's "digital gold" where people have been investing it for long-term.

The question is, is BTC a scam? I don't think so. With its price steadily increasing on the market and more establishments have been accepting it as an alternative currency, BTC won't be tagged as a scam anytime soon.
full member
Activity: 812
Merit: 108
September 12, 2021, 11:25:06 AM
Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!
I see your impasse and not enough positive thinking to see the problem here, It is not clear. That's speculation without ideas. Ponzi or bitcoin bubble was an explosion that happened like an accident that non-believers couldn't witness what happens to bitcoin today.
newbie
Activity: 68
Merit: 0
September 12, 2021, 11:03:06 AM
According to my millionaire friend, there's no such thing as legit in crypto currency. Read, study and learn, That's the best thing we can do before investing. Well, here in our country just 10% of the population believe in crypto, when I ask them let's invest in bitcoin all of them said Bitcoin is a scam. But in my mind Crypto is not a scam it's just you need to know how it works. Many in my country was scammed, it's because they invest in a person to do the thing, But betrayed them. That's why Bitcoin is a scam for people who don't know how crypto and trading works.
sr. member
Activity: 924
Merit: 255
September 12, 2021, 10:47:43 AM
I think it's just an expression or a sign of feeling tired and feeling hopeless with Bitcoin price fluctuations, which is actually still showing the best side at a certain time, let's turn this towards a more optimistic direction than having to lower optimism. Bitcoin is still heading and gives bright hope for humans towards a more advanced life
hero member
Activity: 2436
Merit: 877
September 12, 2021, 08:03:05 AM
Bitcoin has the most community, some media mention that there are more than 500 million bitcoin holders. This makes bitcoin have strong fundamentals. Bitcoin may collapse, but it will be accompanied by the demise of technology.

Its too late now to call bitcoin a scam. If anyone called bitcoin a scam in early days like 2012-2015, then people might believe in it, but now bitcoin is one of the major currency / asset of the world and no one can deny this.
After retail and institutions, now the countries are also adapting bitcoin. This shows major adoption in bitcoin.
member
Activity: 630
Merit: 10
rocket.hashbon.com
September 05, 2021, 07:00:08 PM
if indeed bitcoin is a scam then I don't think it will last long until now and not many people will want it. although there are many other profitable investments, bitcoin investment is still a coveted investment. Looking at the worst case scenario for bitcoin, we can see that the crypto market is up and down and that's a normal thing and it often happens in the crypto world, so we just need to be vigilant and careful. if we ourselves don't believe in bitcoin then how will we benefit from it, that's what I have in mind.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
September 05, 2021, 09:42:00 AM
A word scam means to deceive trick used to cheat Specially Money. We not heared any news about Bitcoin scam. There are some scammers who scam Your money through Bitcoin. They tell you they are selling Bitcoin in half payment because they need money immediately and also use these types of sentences to convence you.

If Bitcoin was a scam, it would have never grown this big, if it was considered a big scam, like a fake crypto, just imagine the amout of crypto and cryptocurrency itself won't be this big today, or if Bitcoin was a scam, Ethereum would have been the biggest cryptocurrency today, that's the simplest answer you can get if your speculation about Bitcoin is a scam.
How will Bitcoin be a scam and still top all other Cryptocurrencies? Some people are out there to poison the mind of Bitcoin Investors, so that they can panic and sell their bitcoin with the intention that Bitcoin is not legit. Which is a big lie, If Bitcoin is scam, can then did it gained popularity through out the world? Bitcoin is definitely a legitimate digital asset. It have been in existence for a long time, and it continue to grow.
This thread is all about "what if" and none of them are really saying that Bitcoin is a scam.

But I agree with what you're saying: it was already legit before it became a popular cryptocurrency, based on the chain and the people that invested in it. So it's quite unlikely that bitcoin will be a hoax right now, given its big bull run and the large number of people who have invested in it. If bitcoin is a scam then no one will ever try to develop projects like ETH right now and people will get to afraid and avoid cryptocurrency forever.
sr. member
Activity: 1218
Merit: 279
September 05, 2021, 09:21:54 AM
A word scam means to deceive trick used to cheat Specially Money. We not heared any news about Bitcoin scam. There are some scammers who scam Your money through Bitcoin. They tell you they are selling Bitcoin in half payment because they need money immediately and also use these types of sentences to convence you.

If Bitcoin was a scam, it would have never grown this big, if it was considered a big scam, like a fake crypto, just imagine the amout of crypto and cryptocurrency itself won't be this big today, or if Bitcoin was a scam, Ethereum would have been the biggest cryptocurrency today, that's the simplest answer you can get if your speculation about Bitcoin is a scam.
How will Bitcoin be a scam and still top all other Cryptocurrencies? Some people are out there to poison the mind of Bitcoin Investors, so that they can panic and sell their bitcoin with the intention that Bitcoin is not legit. Which is a big lie, If Bitcoin is scam, can then did it gained popularity through out the world? Bitcoin is definitely a legitimate digital asset. It have been in existence for a long time, and it continue to grow.
sr. member
Activity: 1344
Merit: 261
September 05, 2021, 08:28:22 AM
A word scam means to deceive trick used to cheat Specially Money. We not heared any news about Bitcoin scam. There are some scammers who scam Your money through Bitcoin. They tell you they are selling Bitcoin in half payment because they need money immediately and also use these types of sentences to convence you.

If Bitcoin was a scam, it would have never grown this big, if it was considered a big scam, like a fake crypto, just imagine the amout of crypto and cryptocurrency itself won't be this big today, or if Bitcoin was a scam, Ethereum would have been the biggest cryptocurrency today, that's the simplest answer you can get if your speculation about Bitcoin is a scam.
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