Topic: Why Some People Dont Believe BTC is SCAM? - page 4. (Read 519 times)

Because not all people are noob like you, they have already seen massive volatility and are pretty much confident that market will recover soon.

Don't forget that price once got dumped from $1k to $200 but later pumped to over $20k after recovering from $1k in less than a year period same can occur if price will recover above $20k again.

How can the crash from $20k to $6k justify that Bitcoin is a scam? Even if the Bitcoin become worthless what is the correlation of it to scam? Bitcoin behaves just like stock market and do they say that stock market is a scam? Let me answer those questions for you: it cannot, nope, and nope. Your argument about Bitcoin being a scam is very much flawed.

If you are just basing everything on the price then your assumptions is wrong at the very beginning so obviously your argument is flaw. If bitcoin is a scam, this crypto currency will not last long enough. Scams are caught easily when the hype died down and someone took off with the money. But bitcoin is design not to take money but makes us more of it. Those saying bitcoin is scam has either other motives behind or doesn't really understand how the market operates.

People don't believe because bitcoin is not a Scam. Many bankers and governments want to inspire people that bitcoin is a fraud because they do not want to part with the monopoly on the distribution and control of banknotes. But the world will never be the same as it was before the advent of cryptocurrency.

will not fall to the $ 500 price 
You say bitcoin is a scam, then your destination in this forum what? You just want to seek knowledge or discuss? nonsense.

People don't believe it's a scam because it's obvious it's not. It's an open source protocol that's been going since early 2009 and has been wildly successful.

If you think normal market movement and supply and demand is indicative of a scam, then you must think basically everything involving money is a scam.

It's not a scam. It's not a failure either. Bitcoin is simply outdated

BTC has been on the playing field for over 7 years... And what should we expect from such a coin? To still be standing strong among all the others?
No, I'd have rendered it worthless long ago already, yet it's still standing and the largest coin at the moment!

There are so many coins that are much more potent than Bitcoin, offering faster & cheaper transactions, more anonymity/easier regulation or other awesome features.

Bitcoin was a great step that had to be taken to start the era of cryptocurrencies and so I would not call it a scam. I wouldn't call it a failure either. It's very simply an outdated coin and I expect it to steadily decrease in value, until it reaches a "collector's item" status. But with 21 million coins available and only a couple collectors, I doubt Bitcoin will stick at a high price.

The main cause of its current reasonably high price is the ignorance of people... There are a lot of inexperienced investors who don't know a lot about Cryptocurrencies and only see Bitcoin in the news. What is the result? They put their money on bitcoin! The second reason is a bit harder to overcome: Bitcoin is by far the most accepted cryptocurrency... If I look for webstores that accept cryptocurrencies, there are quite some stores that accept Bitcoin but I rarely see any accepting other cryptos.

So to answer your question: Is bitcoin a scam? No, it isn't. It's simply an example of outdated technology.

Bitcoin is not scam. I don't believe you because if bitcoin is scam many people will complain about this coin but look the people who are thankful to bitcoin becauss they earn money. Downing price of the bitcoin it's because of us because we are the seller of the bitcoin. If you don't believe to bitcoin better if you do not brainwash the people here.

Because bitcoin is not scam.  Bitcoin is the best cryptocurrency and best of investment. Bitcoin has proved itself that bitcoin is not a scam. Proven until now more and more people who invest in bitcoin even some countries legalize bitcoin. Even to this day bitcoin still survive and the price increases every year.

ugh. people who don't know the first thing about bitcoin and apparently about investments in general should not be creating threads.

Yes that happened but compare today's price from the past.

July 2018 = $6,605
July 2017 = $2,521
July 2016 = $639

Really? have you sold most of your coins @ $500?

Stop spreading FUD.

Bitcoin did fall/crash but it doesn't mean it is a scam.

Yes that would be right. Just because the price fall from $20k to $6k you would immediately say it is scam? Just like the example above, Amazon is clearly a legit company and the same would be applicable to bitcoin. It is not a scam because no one intends to defraud people about bitcoin by creating it and then creator run with the money because even if we don't know the creator of bitcoin, his bitcoin is still there and it wasn't touch.

Some people would just say bitcoin is scam because of lack of knowledge about it. If they would deeply understand it then they can say that the company that uses bitcoin to scam others are the one that are illicit but bitcoin alone is not scam.

I think that the people who do not believe in btc and believe that it is a scam are those people investing btc that do not have enough knowledge and understanding about the the currency. The most important thing they should do is to familiarize and study the market trend movement prior to do invesment. They should consider to invest during bear market and hold while waiting when btc will recover.

You are conflating volatility with being a scam. Bitcoin has always been a highly volatile asset due to being a relatively new technology. In fact its volatility has been among the biggest things attracting investors to it. However, as the technology matures there will probably be less volatility.

Because it isn’t! I think people should know that by now. The only people I know that still think of bitcoin is a scam are those who lost money big time and those who don’t know what cryptocurrency is.

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.

People don't believe BTC is SCAM mabey because the Value of btc is golden and 24/7 trusted of all users.This is easy ways to invest and earn a lot.

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?

I think this is very reasonable ....
because there is some news that is very discouraging BTC so they mengatan fraud
and maybe new investors are buying at high prices and when prices are low and never come back at this time they can not hold back and be patient so sell them for a very low price and in the end they think bitcoin is a scam.
but for how much bitcoin prices for the foreseeable future we do not know but do not ask for the possibility that all speculation will become real

I really can not believe that bitcoin is a scam, if we look at bitcoin price before 20k we surely know that bitcoin price is very cheap compare to current price.