Bitcoin Forum

Wishing you a very good day, I am a lover of blockchain and cryptocurrency. Haiz! But I'm not happy, when I wake up and read bad news about bitcoin, most of them are bitcoin related scams. I wonder when we can manage bitcoins avoid cheating and fraud, if I'm a normal person do not know about bitcoin, I certainly would not want to find out about it when the news I read about bitcoin is mostly negative as scam. The good news about bitcoin is minimal, mostly on blockchain technology, not many people understand the relationship between bitcoin and blockchain. All of this leads to bitcoin being difficult to accept as a payment method, at least for the moment.

These are the articles I read this morning: https://cointelegraph.com/news/report-google-g-suite-twitter-account-compromised-to-promote-10-000-bitcoin-scam

when you turn on your TV in the morning and watch the news you will see that they are talking about all kinds of crimes that happened recently: robberies, murders, rapes, car crashes, .... that is what the news does. they report these kinds of events that gets them more viewership. and there is no difference when it comes to bitcoin either.

It is really noticeable on social media, specially twitter. Pick any celebrity you want, go to their twitter and look for some of their tweets, on the comments below you will see a ton of cryptocurrency addresses, usually big coins like BTC and ETH. Even Elon Musk was involved in this recently.

There are many instagram bots with links on their bio which are bitcoin mining malware in most cases.

In Youtube comment section there's tons of spam of supposed crypto trading geniuses that will make you rich.

The thing is, automating moderation of all of that is really difficult, and human moderation is limited and not enough.

What can you do? when you see scams, report them. And do not get involved in scams yourself and don't click on any dumb looking links and you should be good.

bitcoin isn't involved in anything. bitcoin is just a currency like any other currency in the world and acts as a tool that happens to be used for a variety of reasons, most of which are good and legal but it also happens to be used for illegal activities too. the more popular bitcoin gets the more users will use it and usage of it for both legal and illegal activities will increase just like any other currency.
you just happened to stumble upon the negativity more than anything else because your source is news sites.

You're only affected by what you choose to pay attention to.

Bitcoin is storing value for the owners of bitcoin.

Who reads bitcoin related news? Is there going to be something happening other than side chains and 2nd layer releases over the next two years? It isn't dramatically changing in any way soon.

Following crypto related drama is the readers fault. It's not news, its garbage packaged to excite people who want something new in crypto currency to happen.

Bitcoin is just storing value and being secure. There is no news to write or read about that.

The complexity around buying bitcoin along with the scams in the media can be off putting, but when the media hypes the bull run they will join in and learn how it all works

The concern of those media is the rating, I mean they want more viewers who attracted and watch their tv program or news paper. If they spread the news about the good of bitcoin then it only attracts attention of bitcoin users, but if they spread about bitcoin related crimes then it can be more attractive. The "deceptive behavior" is only bad image that media create for bitcoin

that is only your personal perspective not what bitcoin is really about. and unlike what others say i don't think it is the news fault. it is your fault for only focusing on part of the news that is negative. otherwise there is a lot of positive news too. for example the news that is about millions of merchants accepting bitcoin all around the world and increasing their revenue and security.

LOL. Blame the people behind and not the technology. And learn how to grow thick skin as well. Those kind of news will always follow us no matter what we do. So we better used our common sense specially those "too good to be true" promotion in social media sites. Just as stated in the article someone spoof Elon Musk, do you honestly believed that high profile account will simply tweet and asking for your bitcoin as donations? I'm sure that as time passes by, you will just ignore this kind of negative images because of those fraudster and scammers.

You should listen to a Jack Johnson song called 'the news'. I have family members who never read or watch the news because it's always negative and sad. Bitcoin cannot be controlled and nor can those scammers, the only way that the scams will stop is if the people on the receiving end of them wise up.

We don't do investigation as we trust media reporting whatever it is and we find the truth on it. Certainly there are truths to what they are saying but they are not reporting what is good to it unless they are reporting something that themselves are going to benefit. Well reporting something bad like scams are beneficial to them, the people likes bad news on TV and newspapers. Discussing blockchain on newspaper ain't going to attract readers.

Given that bitcoin is considered as money and it's easier to get one's hands into it without having their identity known, I'd say it will be really plagued with scammers and fraudsters alike. This is no different with any other forms of money wherein bad guys also loom with their deceptive antics, so it shouldn't be much of a shock anymore. Besides, most people know that it's not the fault of the tech that causes such negative events to happen but rather the people who are conspiring to make it happen. Most people who are into bitcoin will just shake it off as if nothing happened since there's not much that can be done to control nefarious people from entering the bitcoin market.

If you consider yourself a lover of blockchain and bitcoin you would not believe every negative thing about it and you would know deep in yourself that it is just FUD, We can not control people that are giving negative comments about it and sometimes they have their own agenda in making that kind of statement either that they are angry or agaisnt about bitcoin or they want to manipulate the current value of it.

fraudsters and hackers must be very cruelly eradicated if this bitcoin will be safe and secure far from bad people and I urge you to be good at your bitcoin so that it is not stolen

Everything that holds value can be stolen or used for scam. There are tons of news regarding so many things, we cant blame money for robbery, same way we cant blame cryptos for scams.

Thank you for making me understand the problem. You're right if I'm a blockchain lover I should focus on the values it brings instead of news. I think it will not be long before people will see the really big values that blockchain and bitcoin can bring.

It's really noticeable on social media, especially twitter. Choose any celebrity you like, visit their twitter and find some of their tweets, on the comments below you'll see a ton of electronic money addresses, usually big ones like BTC and ETH.

See bad news? A typical thing for any bear market. Someone wants to buy more at low prices.

Don't be too affected by the news, you will feel confused yourself.  ;)
Bitcoin is an inanimate object and it is impossible to commit fraud by itself.
What needs to be dealt with is someone who uses bitcoin for fraud. It's only a matter of time to become a legal payment instrument.

If you want bad news continue to listen to News on TV, they know what they are doing by spreading sensational news, some are even targeted to bring the prices down. I decided sometimes ago to be selective on what I watch and read because I want limited influence on my life. Fraud, Scam, Drug, Rape stories are everywhere and also good news it is now left to you to choose which one to read

Those are the faults of its users not bitcoin fraud and scam is caused by greedy humans. Bitcoin is simply a innovative invention design to be freely use, a secured and decentralized way and free from exploit by banking institutions. Even the traditional fiat system have fraud by the mainstream media chose to highlight btc instead.

A very useful advice, i appreciate your advice.I learned a lesson from your opinion, I noticed that I was so preoccupied and worried about Bitcoin's bad news. I do not understand the nature of FUD of this market. As a newcomer to the forum, thank you for your useful comments

this market is still pretty small and as you may have noticed it is filled with a lot of newbies with little to no understanding of any market but a willingness to trade! that means they are always affected the most by emotions and the experienced whales always take advantage of that by using Fear Uncertainty and Doubt. they spread it and cause newbies aka weak hands to act irrationally in the market and help them make more money.

It is not bitcoin's fault. If you got scammed, it is sometimes the system's and most of the time, it is more likely because of your own security. First of all, you can avoid scams, if you feel something unexplainable about the transaction, if you're not so sure investing your time or your money on the transaction you are doing, don't hesitate to pull out the transaction. Sometimes it has something to do with our instincts, no one is 100% secured here in the cryptoworld, there is still a possibility that you might be scammed because we don't know what scammers can do to scam us.  :(

I hope that many newcomers to this market will read your comment, now I realize that I have quite a lot to learn with this market. If there is only passion, no knowledge, it is difficult to survive and make a profit with this market, thanks you so much!

While bitcoin gains people's attention, legal and illegal activities in bitcoin increase just like any other currency. People naturally tend to focus on part of the news that is negative. If you don't forget that you're only affected by what you choose to pay attention to and make conscious choices, you may control yourself.

Negative news is normal everytime you watch tv or heard news on a radio. If we observe, most of the news are in negative side. But dont be affected by that, if you really believe on bitcoin you will focus on it instead on the bright side of it.  Be open minded if you want to earn a good profit ,  dont be affected and dont let those  humors enter your emotions.

It does not involve fraudulent behavior, as it does not support these. Bad guys are using it to attract others and try to cheat on them. Bitcoin does not want this to happen, but the bad guys try to use it as a tool in their bad jobs.

The complexity of understanding bitcoin creates a problem. Because of this, it cant be adopted in many countries, because it is considered dangerous. However, there is nothing dangerous or negative about it. And this news is being distributed for an illegal purpose.

I think that following crypto related drama is the readers fault. It's not news, its garbage packaged to excite people who want something new in crypto currency to happen.

Bitcoin (and all cryptos) just allows a new avenue for all the same old scams. History might not repeat but it sure rhymes...
Send 0.1 bitcoin to get 1 bitcoin ask me how!

So true! When one thing gets more difficult for scammers to get away with, they usually come up with another. It seems that black market gift cards are quite popular these days. I hear it on the news a lot where someone poses to be a rep from the electric company and threatens to turn off a homeowner's power unless you pay their "delinquent" bill right away. They instruct the homeowner to go to a Walmart to buy Apple iTunes cards. Or a similar one where the scammer poses as a sheriff deputy (or IRS agent) who claims the victim has unpaid traffic tickets (or overdue tax payments) and if they don't pay right this instant they're coming to arrest them and put them in jail. They instruct the victim to go buy prepaid Visa cards or iTunes cards. I don't even know why this still makes the news. Are people that dumb to pay an "overdue" electric bill or traffic ticket with Apple iTunes cards? No one falls for the Nigerian prince scam any more. Why should people be falling for this type of scam?

I actually read an interesting study that some spam emails are written bad on purpose because they then filter out people who would question them. By setting a low bar you filter out people who won't fall for your trip. On another note... I am a representative of an exiled Nigerian prince. His bank account was seized. Luckily he was able to transfer out some money and funnel it into iTunes giftcards. Please send 10 dollars in bitcoin for 100 dollars worth of itunes giftcards...  ;D

There are too many negative news about cryptocurrency and bitcoin in particular nowadays. Anyone reading any of those negative news may decide not to even join cryptocurrency at all. What we do when we see these negative news or scam is important. As cryptocurrency enthusiasts, we can counter them with facts and advise people to ignore it, we can also expose and report scam where necessary.

Some news sources create FUD specifically so that the owners of these news channels can join the game at low prices. It's better to be guided by statistics than rely on news. Though fundamentals are important, there's almost no connection in between fundamentals and news that "they" are trying to feed people with.

Negative news isn't a bad thing, at least it creates awareness of bitcoin actually. Better than no one discussing bitcoin and having a limited niche market solely comprising of bitcoiners

it shows how enthusiastic and passionate people who want to get a lot of bitcoin immediately and I think that depends on ourselves, how do we want to get bitcoin with no capital and how we use it.

I think that the behavior of btc is affected by many factors on the market. Let's wait for some time and believe we will see how everything will change for the better in the nearest future

yes, there are many reasons why bitcoin is not accepted by the public for payment, some reason, such as what you mentioned.

I think that access the technological developments that have not yet reached the village is part of the reason.  specifically blockchain technology

Scam isn't new in our society and we can't fault Bitcoin when people use it for what it is not because with or without it, people like that will still remain in our societies. We should fight against those who are always on the lookout to scam others of their hard earned money.

Bitcoin is difficult to understand. It's the truth. Not everyone can understand it. Because of this, it cannot be accepted in many countries. It is necessary to improve the education of the population in the field of digital money and blockchain technology, then they will be ready for this.

The biggest problem as I see it with using bitcoin or altcoins for of payment is that most of us buy in as and investment, hoping to hit the big one. To use something as a payment method you need a low value stable coin, something that is not very appealing to most traders.

I'm also hoping for the increase in the market, It is better to have views on some changes and continue on crypto currency even though it is a tough year for every Bitcoin holders, May before this year end or the coming next year it will come back together.

With the growing number of people who understand how Bitcoin works and how it is related to blockchain technology, acceptance of Bitcoin as a payment will increase. Many people use dollars and euros, but people do not stop using them because of the news that dollars paid for a drug batch somewhere in Colombia or that a bank was robbed and a large amount of dollars were stolen or a gang engaged in counterfeiting dollars or euros was caught.

Fraud is present not only in the cryptocurrency sphere, but also in all other areas in which there is value. In the banking sector there are also manipulations, frauds, thefts, but from this people have not stopped using banking services, it will be the same with Bitcoin and cryptocurrencies, but this takes time.

indeed, the existence of bitcoin can not be understood at any time, because the existence of bitcoin nobody knows. therefore sometimes there are people who are bad and can manipulate the price of coins, and sometimes we also believe easily when it's wrong.

but I personally still believe in bitcoin. if bitcoin over time will still be accepted by law, even though until now many frauds have been circulating, but strapping bitcoin will run smoothly.

yes, maybe with bitcoin and some other cryptocurrency these fraudsters can wash their fraudulent money, so cryptocurrency can now be used for anything and can be a place of crime.

it is very true what you say and there is no rule or prohibition for someone or group that uses it for crime, in my opinion the bad crypto currency depends on the intention and purpose of the investor itself

I agree with you cause not all people's are intelligent and smart and some are not attended in school. We can't blame that other countries is not accept bitcoin cause they consider there people. And I think its better to educate people first about the new technologies of cryptocurrency, and I think if there people educate about cryptocurrency and they are ready to involve in crypto world.

Bitcoin has nothing to do with scammers. By itself, it does not carry anything bad. It's about how people use it. Unfortunately a man who knows nothing about him will think he's dangerous. After all, everyone used to believe everything they say on TV and other unreliable sources.

You are right with you view but I must say that the purpose of bitcoin is never for scam despite the fact that some people misused it never guarantee or labeled it scam, that a car was used in harm rubbery does not means car was manufactured to be used by harmed men. Many good medium even the full internet there are may scammers we just need to be watchful and promote bitcoin and crypto in general to those who are not well oriented

I think that people who are interested in cryptocurrency should get information about it from people who do it. You can't believe everything they say on TV. They always say what's good for the government. If it is against bitcoin, then the news will also be same. Therefore, people should think critically and not take anyone's word for it. It is better to analyze everything and make a decision own.

Scams will always happen - we can't protect everyone , sadly. All we can do is to educate on how to avoid scams and how to overall avoid  them in general

Yes i agree that Bitcoin still involve in anything, but Bitcoin is a crypto currency they used it for transaction such a gambling payment in anything but who use it?. People who want is just to be a multi millioner, people dont need anything just a money a foolish people and selfish. Why does Bitcoin deserve to blame, it is not right to do to blame this currency everything did is just people for the sake of money.

I think you like listening to negative news about bitcoin so that your thoughts are more negative. Scam or crime problems can be done at any time if there is intention, and I think bitcoin isn't as bad as you think.

In this case there was a fraud against Bitcoin there was no relationship with the banking system in general, such as high costs, bureaucracy, external factors at the currency level and others. for now many global companies worldwide decide to work with digital money systems.

With the increase in Bitcoin this is also an opportunity for bad people to commit Bitcoin fraud. In the past 4 years, data on fraudulent Bitcoin has been obtained in hundreds of millions of USD. the data is not 100% final.

I hope this can make the lesson for all to be more careful in managing money in the Online world.

very true what you say because any bitcoin or crypto currency can be used by anyone and anywhere for anything without anyone being able to maintain

True.
It can't be anything negative here. Bitcoin is a network of people who respect their own money. Bitcoin is a perfect technology thought out to the smallest details. Now it's scalable (thanks to the lightning network and other updates (https://cryptodetail.com/lightning-network-reduces-blockchain-fees)) and it can't be stopped. When you feel it, you never be manipulated by anyone, you just use it, hodl it, without any fear.

Please remember that media love to play on emotions. In 2017 they boosted the hype to harmful levels, which deceived many people who bought BTC near the peak. Then in 2018, they started to declare BTC as dead, what strongly contributed to the panic on the market and as well - the ban on cryptocurrency advertising, which is harmful to whole cryptocurrency and blockchain community.

And if you check some news, in 3 (or even less) days on the same website you will be able to see that they post mutually excluding predictions. This is why we should be sceptical, and avoid purchasing cryptocurrencies only because some whale stated that price of Bitcoin will reach $100 000 in 3 months.

We cannot stop people from doing shady activities in fiat so it is unlikely this is going to change in bitcoin as currency in which you have complete control of their coins, if we want to reduce the crimes that are related to cryptocurrencies then we need that people take more seriously the responsibility they have taken by becoming holders of several cryptocurrencies.

But the problem is not in the Bitcoin it is only in the people's mind so we cannot change some strategies in Bitcoin that thing that we have to change is changing the thoughts of the people with kind will not be what in future this thing will be strongly punched in the people's mind so we can change them to the good level.

It really hurt to see when some malicious people used bitcoins in a bad way, because some new investors will lose hope and some people that want to enter in the industry will not look at it anymore. that's the bad side effect of it. but if they can just see that the blockchain is not really used for deceiving people rather it is used to make advance on technology.

until now no one has been able to overcome this. because they also panic about the situation that has occurred. moreover until now the bitcoin is increasingly known and there are no government regulations available, criminals can freely go in and out as they please.

Its true that many people still thinking bitcoin is scam or a buble. But i think its because they dont have knowledge about bitcoin or blockchain technology. If government regulate bitcoin and cryptocurrency market, i think peoples perspective will change and maybe interesting to invest on bitcoin

Lots of hacking and lots of collusion, for obvious reasons such as BTC is difficult to trace.
There are many dishonest people in BTC, thats the reason for the deceptive behavior.
This is not the best area for you to take a interest in if 100 percent honesty is what youre looking for.

So you don't need to read that bad news if you don't want to feel not happy :D You don't have to do anything even if you read the bad news that says bitcoin price will go down less than $3000, it only makes you panic. I am sure right now people become smart, and they can divide which is the bad news and which are the good news, and they will decide base on what is happening in the market. Besides that, that website makes news from their side perception, and we don't know what other people perception about one thing because it's different and we need to search the other news related with what we read.

I don't believe that's the case. yeah sure it is difficult to understand, but that's not why it is not widely accepted. Its due to government control and to bring something this big like cryptocurrencies into a country that has already problems with government control would just end up chaotic. Education is very important and teaching people about how cryptocurrencies work and how you can benifit from them is very useful, but that will not solve all the problems.

actually, I have never seen any element of fraud that has bitcoin. actually, fraud is done by some people who want to get wealth quickly and easily. and fraud can be avoided by a good level of carefulness and carefulness.

There might be deceptive behaviour such as fraud and scams but that's because a minority of people use bitcoin for such activities. Bitcoin itself is totally legit, it is just a cryptocurrency and it's not bitcoin's fault if some people use it for illegal purposes.

bitcoin is being used by scammers, and I find this very bad. You see that almost everyone can easily own Bitcoin because it is especially anonymous. Scammers take advantage of its anonymity to be able to steal and not worry about revealing identity.

Well if you want to change the outside world who makes false information regarding bitcoin or scam using bitcoin it is a difficult thing to do because early rejection or resistance for any great invention is very common but it will reduce with time when btc goes mainstream and majority of people starts to use it for real practical needs for day to day life but until that this situation will continue but definitely it will reduced for some extend with increase of understanding among its users in the future

everyone can be exposed to fraud ... because the fraud can never be predicted ... even though it is careful though .. be careful also does not guarantee our security from fraud .. because sometimes fraud occurs in front of us.

Personally, I don't think Bitcoin is the reason for the fraudulent activities perpetuated by some people, with or without bitcoin scammers will usually find a means of stealing from people.

It would not be right to limit this to BTC only. Because all the crypto coins contain some risks due to their architecture and nature. Of course, since Btc is now a brand in the world, its advantages and disadvantages may be different from others.

you are right
the media always looking for press thrills and a few newspapers looking at the benefits of BTC
This is the performance pattern of most media
But I think that the BTC benefits , including the financial freedom it achieves and the freedom of third party power will force the media
From discussing them professionally.

Unfortunately, both people and the media are more interested in negative news, as they cause a greater resonance of the public. And bitcoin in this regard is no exception-people are only interested in information that bitcoin is a fraud. Even if it's not true.

Now in the crypto-currency world there are a lot of people who trusted scammers, and because of this they could not achieve any success with bitcoin. And so these people joined the ranks of skeptics and do not consider bitcoin a serious technology, and talk about it to all people in a row. And thus such a flow of negative news about bitcoin is born.

Many scam using bitcoin name right now. If we want to investing our money in bitcoin, better buying directly in exchanger and choose a big exchanger for transaction. Many bad news and negative news about bitcoin but if we trust bitcoin is good investment, i think we can hold it as long term investment

There is a big difference between illegal activities in fiat currency and bitcoin, in fiat nothing is traceable and you really cannot estimate the amount of money used for illegal activities, but that is not the case with bitcoin, every transaction will have a record that cannot be removed, if their plan is to have a record for every transaction sent then they will be using bitcoin, no one in the right sense will be using bitcoin for illegal activities as it will record each and every micro transactions.

We need to understand that the cryptocurrency market is more of a speculative one and so at times most of this fake news and rumour have a way of manipulating the price of Bitcoin or vice versa.
This is not something you can take away from the cryptocurrency space.
It's left for us to be cautious in following these news.

The Bitcoin to be more undervalued but it is not like that we can do lot of stuff with Bitcoin and it made a normal person to reach person within a quick span of time so it can be easily accepted by people then all problem we'll go through the outside

of course because crypto currencies can be used by anyone and anywhere and no one can regulate and ban people for investment, I think all depends on the intentions and goals of the investors.

You are never going to change the way people think, there are people that are just bad and you need to avoid them, this means that you cannot adopt cryptocurrencies and keep using your computer and your phone in the very same way you have used it all your life, you need to be a lot more conscious about your online security or face the consequences.

I think every day we will listen to the news of crime, because it is not only bitcoin that is experiencing crime news but in our country there is also news of crime that has been circulating. so we avoid news like that I think it's difficult. because in this world there is nothing eternal and avoid evil. indeed, evil is always beside us.