How Can Bitcoin Grow When All Exchanges are Scams?

[triciaa478]

Couldn't you have made your point without bringing FREEMASONS inside? what has they got to do with scam exchangers? By the way not all exchanges are fraud. They are in business to make money and most are regulated. That is why verification and AML issues are taken seriously by them. Coinbase, EXMO and Cex.io are all reliable exchanges I do trust my hard earned money with. Freemason is not evil so next time do your research well. S.M.I.B

[devcracker]

The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE

Well, this isn't right to declare all exchanges as scam. All exchanges are not scam their are much many reputed exchanges i you spare some time and search for it. Their exists some scam and untrue exchanges, and it's your own responsibility to distinguish between scam and well reputed exchange. Bitcoin is open to all and every third person is getting in this platform. So while you exchange you have to first look for the trustworthy exchange.

[johnrickdalaygon]

Not all exchanges are scam, but if this will happen I guess it will not make a huge affects to the price of the bitcoin instead it will make scammers to become rich.

[Herbert2020]

your title is pure bullshit. becasue simply when bitcoin was created, it was not in order to become a trading object, an speculation tool or in other words something you use only on exchanges.
when bitcoin was created and until today, it has always been a peer to peer currency. you don't go buy USD, you earn it, you trade goods for it also known as selling something for money. that is how bitcoin is supposed to be gained not by trading on a centralized exchange with fiat. that is how a currency works and bitcoin should work like that too.

as for trading which is inevitable i agree that we need more decentralized exchanges but when you want to trade with fiat, you have no other option.

[akram143]

Which exchange is scam?

I am using localbitcoins to buy and sell,there is no problem for me ever with this exchange.You need to pick popular exchange for trading your bitcoins and you need to pick the good traders too,because some offers low price than market price.

[globe-biz]

What about bisq non centralized exchange?? any feedback on that

[cryptokingmaker]

every exchanger have scam allegation and recently Bitgril exchanger scammed it is very sad to see the loss of investors

[drukoz2]

So who is forcing you to keep your money at exchanges and expose themselves to danger? Keep everything on your wallets and will not be disappointed that all around the crooks. It is an investment...

[adolf512]

Indeed, on all stock exchanges, different rules and different percentages are removed to enter and withdraw funds (which we might not like). We can agree with this and work with this exchange, we can - not work. The choice is always ours, do not blame anyone!

[nikjain422]

The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE

I don't think all exchanges are scam and i can understand your feelig but right now we can't to anything.The US officials are doing it what they feel is is best to put down bitcoin or cryptoworld and not only US government but many countries government are doing what they can do and with that they agree that this system is very advanced and revolutionary in IT world and they are planning tboring that in banking system as well.These are double faced activities but every investor has to believe in bitcoin.

[Washball]

Of course there could be exchanges that you could call a scam, but definitely not all exchanges are scams. Some governments have banned exchanges, but that does not mean those were a scam. These governments had other reasons why they banned exchanges.

[Jalum]

Of course there could be exchanges that you could call a scam, but definitely not all exchanges are scams. Some governments have banned exchanges, but that does not mean those were a scam. These governments had other reasons why they banned exchanges.

What they do with the money is up to them, they may want to just run away with the coins. Some pay back the money.

[Pan Troglodytes]

First of all, not all exchanges are scam, it is a very strong statement and ungrounded accusation on your side. Some are scam, some are victims of scam, some are victims of stupidity, and some others: they are very sound.

Secondly, there are means to keep your founds secure even when using the exchange, like using 2FA or keeping your private keys on a hardware wallet. You always need to have security in the back of your mind when dealing with crypto and that's it. Doing some crazy and lightheaded stuff is not very healthy, it holds true both to crypto and to real life.

[danherbias07]

I am seeing a lot of hatred from different exchanges.
For my part I dont like how HitBTC is taking a lot of token just for deposit. I will swallow the withdrawal part but not the deposit.

Why should I pay for depositing one token when they will have a lot of income from the traders and I will be one of it once I got my token in them.
This is an idiotic or just really a greedy system of that website. Will never use that again.

I agree with the name of the OP.

[BADecker]

Bitcoin is decentralized in this way. Anybody can send or receive bitcoins from anyone else, as long as they both have a wallet, and the bitcoin client. The blockchain is completely decentralized.

The next step is to make a completely decentralized exchange, where there are no people involved, except the two people doing any particular transaction. It would be something like a totally automated LocalBitcoins - https://localbitcoins.com/.

Having such would completely take the taxing authority out of the picture... at least in the USA, where freedom to contract is outside of the IRS, if the people involved are simple individuals.

[Niya]

The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE

Don't forget there are already some decentralized exchanges out there. For example the best one I like to use is Waves DEX. Moreover you may trade peer-to-peer with another used here on bitcointalk or on another community. So there's really no need to worry so much about exchanges...Just avoid centralized ones and you'll be fine!

[Pan Troglodytes]

The next step is to make a completely decentralized exchange, where there are no people involved, except the two people doing any particular transaction. It would be something like a totally automated LocalBitcoins - https://localbitcoins.com/.

Having such would completely take the taxing authority out of the picture... at least in the USA, where freedom to contract is outside of the IRS, if the people involved are simple individuals.

Sounds like a business idea However, please note, that the US can come into any jurisdiction and make them apply KYC regulations. For instance, they even brought swiss banks to US courts for not disclosing some dealings with US customers, when the bank in question operated on Swiss soil and under Swiss law. Can't the same happen to the crypto exchange like the one you described?

[Blackrain13]

      We know that scammers are scattered arround us specially in online businesses like in bitcoin and other currency. But not all bitcoin exchanges are scam,there are still good and trusted exchage out there just do searching. Government try to hold bitcoin by putting rules and regulation but it is not easy because bitcoin is decentralized which means that there is also a decentralized exchanges for bitcoin.

[SaShiRaJaVu]

Government try to hold bitcoin by putting rules and regulation but it is not easy because bitcoin is decentralized which means that there is also a decentralized exchanges for bitcoin.

The rules and regulations are for the fiat currency to be moved to crypto currency and no government can regulate bitcoin just like that,i am not sure what OP is referring to as scam exchanges,but there are decentralized exchanges right now but the problem is that the volume is really low and i am sure decentralized exchanges will be used in the future when regulations are implemented.

[raypinch]

Because bitcoin is not a scam and other alts are actually dependent on bitcoin , not the other way around.