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[InvoKing]

i like bitcoin
low fee but more scam
what about scammer ?

Let's compare btc-wallet vs usd-bank
If you keep your btc in your wallet then check it after few years, you will find exactly the same amount that you left there and the probability that someone steal it is ~0.
Now if you keep your money-usd in a bank, you have fees to pay for each period / transaction / withdraw, maybe even locking your funds like Greece...etc

If you want to gamble, trade, invest in ponzi's like scheme, keeping your money in an online wallet or an exchanger then you have to assume.

[1714868833]

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[teddy5145]

i like bitcoin

low fee but more scam

what about scammer ?

Scammers in Bitcoin world is really easy to see
Don't trust me? Turn on your common sense and go to the lending sections
hopefully with that common sense you can see and spot which one is a legit loan and the one who will run away with your money
It's that easy to spot scammers

[amacar2]

Not only the bitcoin payments are irreversible out there. You may know about perfect money, okpay etc which are also irreversible. So it is not wise decision to say bitcoin being used to scam. Smart people buying with trusted and known retailers and using escrow to deal with unknown people don't ever get scammed with bitcoin.

[erikalui]

Online wallets can easily be hacked and it's nothing different from fiat cash in bank accounts. Because few people associate this currency with crime and scams, it doesn't make the currency bad. People misuse gold and dollars as well which haven't ruined their name.

[neochiny]

i like bitcoin

low fee but more scam

what about scammer ?

well scammer is every where digital money or not. its your choice to be more cautious or not.
im sure you can tell if someone is trying to scam you.

[GannickusX]

i like bitcoin
low fee but more scam
what about scammer ?

Let's compare btc-wallet vs usd-bank
If you keep your btc in your wallet then check it after few years, you will find exactly the same amount that you left there and the probability that someone steal it is ~0.
Now if you keep your money-usd in a bank, you have fees to pay for each period / transaction / withdraw, maybe even locking your funds like Greece...etc

If you want to gamble, trade, invest in ponzi's like scheme, keeping your money in an online wallet or an exchanger then you have to assume.

Unfortunately the price could have gone to 1$ so I dont see much benefit there. Storing bitcoins for years is not a very good idea and the probability of steal may not be high in your wallet but you will eventually have to do something with those bitcoins and the chances start increasing every time you are depositing to an exchange or site.

[mezzomix]

Storing bitcoins for years is not a very good idea and the probability of steal may not be high in your wallet but you will eventually have to do something with those bitcoins and the chances start increasing every time you are depositing to an exchange or site.

Storing fiat for years is a really bad idea. You will lose most of your money because of inflation. With Bitcoin nobody forces you to sent your money to a third party without any safeguard like multisig-escrow. It's your choice and your responsibility. With fiat you have no choice.

[avatar_kiyoshi]

i like bitcoin

low fee but more scam

what about scammer ?

What your direction for? to exchange or to personally? if you trade with person you should use trust escrow, it's important, if your direction to exchange, you shouldn't store your money for long term use only for exchange only.
a scammer is never gone from this planet.

[mezzomix]

Yes, but with Bitcoin we have tools to make life much harder for the scammer. It's the free choice of the people to not use those tools and to become the victim of a scammer.

[tnrmedia]

Yes, Scammers are every where. So when we trade with other be cautious.

[BitcoinMagician]

i like bitcoin

low fee but more scam

what about scammer ?

well scammer is every where digital money or not. its your choice to be more cautious or not.
im sure you can tell if someone is trying to scam you.

I guess OP is saying that with Bitcoin, scam attempts are more prone due to its pseudonymity. It does represent a problem since it isn't recognised as a legal currency by countries yet and if you get scammed, it is impossible to get it back. As it grows, I won't be surprised to see more of such things. Bitcoin multisig escrow is trustless but it needs a neutral party and takes a long time for the transaction to complete.

[ashly]

Scammer hide their identity,, scammer fake their email,, scammer hav many gmail,, scammer know social engineering )

[Light]

Online wallets can easily be hacked and it's nothing different from fiat cash in bank accounts. Because few people associate this currency with crime and scams, it doesn't make the currency bad. People misuse gold and dollars as well which haven't ruined their name.

The thing is though in most cases if you have been legitimately hacked (and not casually given someone you're password to commit fraud - which is stupid because it's easily traceable) the bank is willing to reimburse you're losses. Bitcoin is the exact opposite - if you are ever hacked - you're completely screwed, there is no recourse, no one who will help you.

[crazyivan]

It s not so hard to avoid scams. All you need to do is use your brain and ask questions. If people fail to answer your questions or provide some BS response, something like, "nah, we cannot show you photos our cloud mining farm cause it s high tec", you just pass on it. No transparency, NO MONEY. Your common sense is the best bullshit detector.

[GannickusX]

Storing bitcoins for years is not a very good idea and the probability of steal may not be high in your wallet but you will eventually have to do something with those bitcoins and the chances start increasing every time you are depositing to an exchange or site.

Storing fiat for years is a really bad idea. You will lose most of your money because of inflation. With Bitcoin nobody forces you to sent your money to a third party without any safeguard like multisig-escrow. It's your choice and your responsibility. With fiat you have no choice.

You have no choice? Yes you do, with fiat you can pick trusted websites that are regulated and won't scam you. Bitcoins on the other hand, how many websites are regulated that use bitcoin? ''When you make a payment with a credit card, if later on you do not get the product that you paid for you can request a "chargeback" With bitcoins that's not possible because all the transactions are final.

[Luqman]

Scammers are always to be part of Bitcoin, is it true so you have to make sure you're save 

[dollarneed]

i always transaction with bitcoin only with people who trusted or used escrow for first transaction so far i never get scammed, since bitcoin is irreversible so using escrow is recommended
good luck

[InvoKing]

You have no choice? Yes you do, with fiat you can pick trusted websites that are regulated and won't scam you. Bitcoins on the other hand, how many websites are regulated that use bitcoin? ''When you make a payment with a credit card, if later on you do not get the product that you paid for you can request a "chargeback" With bitcoins that's not possible because all the transactions are final.

Don't forget that bitcoin is still making its first steps comparing to fiat.
I don't see the fact that the irreversible btc payment is a problem, I will give an example: company x like eBay/aliexpress could be the intermediate between the buyer and the seller. Me the buyer purchased a product from a seller with or without trust rating, first i will send my payments to a btc address that the company provides and once I receive my purchase i have to confirm it else if I didn't in 60 days it will get auto-confirmed. Now confirming that I received it in a good condition is ok but if I said it isn't the case i have to resend it to the seller (like in fiat)...
Another possibility like in the play store tho, the app maker have to deposit money before advertising his app in case someone that purchased his app claim a refund. So the seller in our example have to deposit few coins  in a specific btc address of the company in case of problems. Then everything will return like a normal payment procedures, don't forget that eBay or aliexpress have everyday many unsatisfied users from their purchase.

[GannickusX]

You have no choice? Yes you do, with fiat you can pick trusted websites that are regulated and won't scam you. Bitcoins on the other hand, how many websites are regulated that use bitcoin? ''When you make a payment with a credit card, if later on you do not get the product that you paid for you can request a "chargeback" With bitcoins that's not possible because all the transactions are final.

Don't forget that bitcoin is still making its first steps comparing to fiat.
I don't see the fact that the irreversible btc payment is a problem, I will give an example: company x like eBay/aliexpress could be the intermediate between the buyer and the seller. Me the buyer purchased a product from a seller with or without trust rating, first i will send my payments to a btc address that the company provides and once I receive my purchase i have to confirm it else if I didn't in 60 days it will get auto-confirmed. Now confirming that I received it in a good condition is ok but if I said it isn't the case i have to resend it to the seller (like in fiat)...
Another possibility like in the play store tho, the app maker have to deposit money before advertising his app in case someone that purchased his app claim a refund. So the seller in our example have to deposit few coins  in a specific btc address of the company in case of problems. Then everything will return like a normal payment procedures, don't forget that eBay or aliexpress have everyday many unsatisfied users from their purchase.

Of course that would work, that's how it works with fiat BUT companies that use bitcoins, including exchanges, casinos and other companies are not always regulated and therefore they can do whatever they want, of course they can tell you this and that but if you have no information about them they could end up stealing all your bitcoins and you wouldn't be able to do anything at all.

[Patatas]

Only people who think they're over smart and are bored to read the conditions mentioned here are likely to get scammed.Despite of so many threads here on helping "spotting a scammer" or "always use an escrow" people still choose to have private transactions on skype or yahoo and get scammed.I suggest to read through this forum for about a week before getting into any transactions.