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Topic: Why Some People Dont Believe BTC is SCAM? (Read 518 times)

hero member
Activity: 1498
Merit: 507
Not your Keys, not your Bitcoin
August 05, 2018, 06:42:57 AM
#80
Bitcoin is a promising platform and many companies are adopting the Bitcoin so all are believe this coin. But few peoples are creating the negative rumours of Bitcoin so some peoples are confused in Cryptocurrency. I have more experience in Crypto platform so I know the scam and good project. If you don't believe the Bitcoin you are not fit in Crypto so better stay away in trading.
legendary
Activity: 2730
Merit: 1288
August 04, 2018, 03:04:06 PM
#79
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

Bitcoin reached $20k briefly and then dropped to around $15k. Where was only few days. From there went to $6k in few weeks.  That was not difficult, but quiet easy and fast. That was also quite normal and expected. That is like x3 fall.

Now you want it to go from $6k to $500? A 12 times drop. Now that we already had a x3 drop? That is not expected anymore. That would be quite irregular. Such thing could only happen with some fatal flaw in a Bitcoin protocol. I give it less then a 1% for that to happen and for that to happen in next year way less then a 0.1%.


But Bitcoin is not a scam or is a scam because of price. That has nothing to do with being one at all. I suggest you to search for reasons elsewhere.
hero member
Activity: 882
Merit: 517
cloverdex.io
August 04, 2018, 02:12:06 PM
#78
Appreciate  you  on  analyzing  the  growth  trend  of  bitcoin.  What  really made you  to feel  it’s a scam when  everyone  is  benefiting  out  of  bitcoin and  have  enhanced  their wealth  and life style  with  just  bitcoin.  Dude I would  say,  you  need  to  get more deeper into it.  Study  more  on each altcoin’s  growth  especially  bitcoin’s  growth. What really  made  you to get into  this community  unless  and until  you truly  believe  that  bitcoin would  yield something?  Just  do not  spoil  the  community members  especially  the new beginners  with  negative  thoughts and  impressions.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?
Do you really want to know that bitcoin is a scam or not?

You have an idea and knowledge about the all time high and still you don't know if its a scam or not? It's also easy for bitcoin to come back from $6,000 to $20,000 again.
member
Activity: 210
Merit: 40
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

Why don't you know now bitcoin is functioning? You obviously missed some basics.
newbie
Activity: 126
Merit: 0
We do not have to worry about the issue of bitcoin prices that are going down as it is today, because the current price still includes the high price and the initial creation of bitcoin has a very cheap price compared to the current price, so bitcoin will not be scam.
yes, just calm down.
bitcoin will never return to its walt price which is only equivalent to 3 pizzas, and I think this kind of panic is not at all important.
HODL HODL HODL that I can suggest for now.
newbie
Activity: 140
Merit: 0
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?
does your goal of making this tread is to persuade everyone to believe that bitcoin is a scam?
you are just doing nothing, the confidence in bitcoin is still on the rise.
and I see the market is starting to green.
member
Activity: 392
Merit: 10
Ccfound
think logically, most of peoples already take their profits from bitcoin or by investing in bitcoin. so what should make them believe or said that bitcoin was scam? did you lost your money here? or you have take your risk bt cutting your lost without any consideration to hold it for long term investment? or you expect too much from bitcoin to get rich quickly? we fed up enough by such thread,complaining the falling price of bitcoin and shouting to other to not invest in bitcoin.
full member
Activity: 462
Merit: 100
I think there are some people who still do not believe in bitcoin and they say bitcoin is a scam that is one of the people who are stuck in a place of bitcoin mining like ponzi, double, gambling and so on so they get a loss.
full member
Activity: 511
Merit: 100
People called bitcoin as scam and do not believe on btc because of focusing on the value only. Price drops from all time high and doesnt understand it's volatile that utter of scam. They dont know anything the truth behind of bitcoin as cryptocurrency so once they understand it they can say it is not scam.
legendary
Activity: 1666
Merit: 1001
The price can't be indicators that it is a scam, Bitcoin never intended become asset and being trade, Bitcoin supposed to become a currency that could be used in all countries, so the price going up and down is based on the transaction volume, so it's purely depend on supply and demand, the one that makes the price go from 20k$ to 6k$ is because all of us, some whales dumping and we see the price has fallen too deep we also contribute to sell,if we can convince more investors to invest the price will go up again
full member
Activity: 378
Merit: 100
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

People have different mindset and most of them did not want to take risk by investing and that is the reason why some of them think that cryptocurrency is a scam.
hero member
Activity: 2996
Merit: 609
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

A falling price does not make it a scam.

The price of an Amazon.com share went from $105 in 1999 to $8 in 2001. Is Amazon.com a scam?
Nice comparison and i wont really be surprised on these kind of thinking on where other people do have on their minds.When they do lose up money or do see such price dump they do directly judge that this is scam but well i can blamed those people yet online do have lots of scams involved where it cant really be avoided to have those views or impressions but in the situation of BTC it is entirely different because if we do try out to see its past or history of price movement we cant really say that this is a scam but due to volatility you can really lose up money but just basing only on its tech or innovation we can somehow assure that this would last up for some time.
full member
Activity: 486
Merit: 102
Oh really? You think bitcoin is scam? You understand technology behind it? If not read more than one time the whitepaper of bitcoin. Bitcoin is not a scam, and most of altcoins are not scam. Maybe you say that because you want to buy bitcoin with lower price, isn't you?
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Bitcoin is not a scam and I can confirm it to many people because I’m making a good money here.

Sorry, but you aren't helping anyone with what you are saying. So basically, Bitcoin according to you is not a scam because you (we have to assume that) are making money? The market and the money making aspect are unreliable and should never be used as argument why Bitcoin is good or bad. The only point of importance is that the network never fails to deliver in terms of decentralization and quick and easy transfer of value. Everything else is redundant and not important. While people keep panicking about the price being low and all that, Bitcoin itself has been progressing consistently, why can't people see that? Don't be blinded by the price....
I agree with this, the fact that a person is making money with a coin does not mean the coin is not a scam, we could easily point to a number of projects that were confirmed scams and yet people made money, an example was BitConnect many people made money with that coin and yet it was a scam and as a result many people lost money as well, so that is the wrong way to look at things, as long as the bitcoin network allows a safe environment to exchange value all over the world bitcoin has fulfilled its mission.
sr. member
Activity: 1176
Merit: 286
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

I said several times that prices will crash
i think bitcoin price  will drop to 3000 soon
Prices have been inflated
The price must be between 2000-4000 usd per btc
How can the market be under the canines of 1 bitcoin adress that have 20000 btc for example of totale Circulating Supply 17 149 300 BTC !! or if someone dump 20000 btc ... price will crash to 500 usd per btc !!! Huh


legendary
Activity: 1232
Merit: 1091
Bitcoin is not a scam and I can confirm it to many people because I’m making a good money here.

Sorry, but you aren't helping anyone with what you are saying. So basically, Bitcoin according to you is not a scam because you (we have to assume that) are making money? The market and the money making aspect are unreliable and should never be used as argument why Bitcoin is good or bad. The only point of importance is that the network never fails to deliver in terms of decentralization and quick and easy transfer of value. Everything else is redundant and not important. While people keep panicking about the price being low and all that, Bitcoin itself has been progressing consistently, why can't people see that? Don't be blinded by the price....
full member
Activity: 742
Merit: 144
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?

Those people knew the truth about how bitcoins is very profitable and maybe they are earning a huge amount of profit through trading in the market which they can actually use to sustain their daily needs.
Those are the real believers of bitcoin and they knew that bitcoin is not a scam so they continue to invest with it. Its normal to pump and dump the market, and those people think bitcoin is a scam better to stay away from this market.
full member
Activity: 2086
Merit: 193
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?
Lol, the value may continue to dump but it doesn’t mean bitcoin is a scam. Can you tell me some compang in the stockmarket who never dump? Bitcoin is not a scam and I can confirm it to many people because I’m making a good money here.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
20k$ dumped to 6K$ was difficult but happened, 6k$ to 500$ is very easy soon will be worthless,  So  Why Some People Dont Believe BTC is SCAM?
This is simple because bitcoin is not a scam, bitcoin is a completely new way to understand the economy and a currency so it is an experiment, it can fail but that does not make it a scam or you would call all of those business that fail scams as well? But the most likely scenario is one in which bitcoin succeeds and those crashes will be nothing when looking at the long term history of bitcoin.
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