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Author Topic: Bitcoin has turned into a scam coin  (Read 1643 times)
elmstreet
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December 07, 2017, 11:24:45 AM
 #1

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit

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December 07, 2017, 11:38:55 AM
 #2

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit
I am sorry for that but you can not say that bitcoin is a scam just because of what you have experienced. Bitcoin is not a scam. 

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December 07, 2017, 11:43:34 AM
 #3

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit
The reasons you have given are not enough to call it a scam. Bitcoin's success and its shortcomings are the major reasons why all the other coins exist in the first place, so calling it a gimmick means the other coins are also gimmicks.

Exchanges getting hacked, banks also get robbed should we also blame the dollar for the banks getting robbed?  Undecided

elmstreet
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December 07, 2017, 12:17:10 PM
 #4

Bitcoin cannot be compared with Dollars The fact is that the big players are holding big chucks of bitcoin that can be dumped any time just do yourself a favor and find the Rich list on bitcoin you will see massive amount there The moment all those are sold bitcoin will not be more then 1000 usd or even less The Goverment is launching Bitcoin Futures to get the most out of bitcoin so the goverment can control massive chucks of bitcoin and then they can do anything with it They can kill it yes offcourse as they are very much wanting to control bitcoin from a long time ITS A BIG CONSPIRACY therefore it will be the goverment that will have the decentralized rights on the cryptocurrency Bitcoin futures will actually KILL BITCOIN  . This is the main moment where goverment will have massive amount of bitcoins and manipulate it heavily.
Bitcoin Futures will not only centralized bitcoin but it will also start taxing bitcoin The whole motive here of decentralization has failed.
People are speculating that bitcoin will eventually become digital gold and litecoin will become a cryptocurrency.. There are things that we need to think right now. I don't even think what we started as decentralization movement against goverment has just been similar to a Pump and Dump
Pumped the idea of Decentralization and dumped to become centralized.

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December 07, 2017, 12:22:34 PM
 #5

Bitcoin's price is surging high due to wall street companies entering it and the very high media exposure its getting nowadays.

I don't know which sites have problem in sending and receiving bitcoins.

Exchanges getting hacked could not be mentioned as a problem of bitcoin.If only bitcoins in our wallet gets hacked,we could see it as a serious issue.

With lightning network soon to be activated,all the transaction problems would get solved.


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BobBct
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December 07, 2017, 12:32:30 PM
 #6

BITCOIN is NOT a scam coin, The reason is BTC is very very bullish and there is NO proof that BTC is a scam! Yes, there's a bit of people who are making BTC to MLM.

But i think the reason you made this is because your part of a bank or you knew BTC since it started and you thought it is rigged and scam until now. It's your choice if you don't want to be rich.

elmstreet
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December 07, 2017, 12:38:33 PM
 #7

BITCOIN is NOT a scam coin, The reason is BTC is very very bullish and there is NO proof that BTC is a scam! Yes, there's a bit of people who are making BTC to MLM.

But i think the reason you made this is because your part of a bank or you knew BTC since it started and you thought it is rigged and scam until now. It's your choice if you don't want to be rich.
Everything that has happenned looks a scam Firstly the bitcoin is all popular for its decentralization if the decentralization is wiped off bitcoin then who will want to use it and wait several days to receive their GOLD.. It has a problem and the problem in their outdated source has never been able to retrieve And making it now a centralized currency has made bitcoin a failure in terms of its aspects what it promised to be..
I am not buying the idea of thinking it will become 1 million USD when the main motive has been wiped off bitcoin what remains is the cover of a new technology that happens to have issues REST FAILS

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December 07, 2017, 01:18:13 PM
 #8

No one forced you to buy bitcoins and it up to an individual because it is their hard earned money so they can decide where they want to invest.

But I don't think that Governments can control these bitcoins because not everyone going to sell so that one or two guys can control bitcoin prices. Now there are plenty of people are holding bitcoins. Since prices went up a lot so we can expect some correction in short-term after all those new features launches.

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December 07, 2017, 01:20:12 PM
 #9

i do not think so mate,
because of the jam you said Bitcoin turned into scam coin while basically it did not take anything from you.
the transaction very slow due to traffic and of course the fees itself.
i sent a quite many Bitcoin lately using 100.000 satoshi and i got this for only around 2 hours or less than that.
it's all about the transaction fees and the traffic itself not because of 'Ponzi' or something like that.

many exchanges get hacked,
so what is the relation between Bitcoin and them ?
it's their mistake and their problem with their security not because of Bitcoin.
they get hacked due to hold a lot of Bitcoins in their wallets,
because of that the hacker targeting their system to get a lot of money in return.
it has nothing to do with Bitcoin at all.

yeah there're a lot of coins that can be used to send our money fast,
they fast because not many people use it unlike Bitcoin.
if we're using it,and there're no place to encash it in our local exchanges or international exchanges does that mean it's a scam coin?
because it has zero value.
so it's all about viewer perspective and for me i disagree with your comment

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December 07, 2017, 01:20:19 PM
 #10

Everything that has happenned looks a scam Firstly the bitcoin is all popular for its decentralization if the decentralization is wiped off bitcoin then who will want to use it and wait several days to receive their GOLD.. It has a problem and the problem in their outdated source has never been able to retrieve And making it now a centralized currency has made bitcoin a failure in terms of its aspects what it promised to be..
I am not buying the idea of thinking it will become 1 million USD when the main motive has been wiped off bitcoin what remains is the cover of a new technology that happens to have issues REST FAILS
Did I just read that right or were you really calling BTC a centralized currency. Who says that Bitcoin transactions are taking over 24 hours ? You should put enough fees to make the transactions done on time. You can call high fees an issue but not delayed transactions as that depends on the amount of fees you put on for the transaction.
For example : you can't just put 10 sats per byte as the fee and wait for your transaction to be confirmed within minutes. I just did a transaction last night and it was done by when I woke up.
The increase in price of BTC is becuase many big investors are buying BTC these days and the fact that supply is limited to 21 million BTC is surging the price more than it should. Stop calling BTC a scam and do a proper research. I do accept that are issues with BTC but then they can be solved with proper attention and support from people.
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December 07, 2017, 01:26:49 PM
 #11

I like analitics like you. You dont have any information, but you can say what gonna happen. Lol

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December 07, 2017, 01:32:34 PM
 #12

I am sorry for that but you can not say that bitcoin is a scam just because of what you have experienced. Bitcoin is not a scam. 

Correct, anybody can not blame bitcoin as scam just because small thing like this. Its happen because so many transaction are waiting due to many people are using that platform.

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December 07, 2017, 01:32:47 PM
 #13

I guess you opened this topic just beacuse you blame yourself you didn't buy BTC in time and now it's the best asset. And if it's a scam, don't buy it, leave it to us!
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December 07, 2017, 01:36:12 PM
 #14

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit
Bitcoin is not a scam coin, it's actually the first crypto coin that was created that made use of a blockchain. It's the technique that every other altcoin uses to make their currency decentralized. If you think that Bitcoin is a shitcoin, then you shouldn't use any other coin because these are just copies of Bitcoin. Yes it's true that Bitcoin faces scalability issues but Bitcoin developers have found a solution for it, which currently being developed called the 'Lightning network'. Although you're not right about the altcoins being better because these coins don't have to handle the extreme amount of transactions Bitcoin has. Some coins might have increased the block-size but that doesn't really solve the problem permanently, it's just a way to handle the current flood of transactions temporary. This increase also brings side-effects with it, like more centralization which is basically the opposite of what Satoshi intended his currency to be.

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December 07, 2017, 01:42:19 PM
 #15

it is not bitcoin itself that turned into any scam coin, bitcoin cannot hack anyone but people hack bitcoin users account. bitcoin is attractive to hackers, thats why they want it and wouldn't want to do the needful andf i their coveteousness hack bitcoin accounts.

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December 07, 2017, 01:45:18 PM
 #16

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit

LOL. Are you trying to scare us and not to get bitcoin? Or are you butthurt that you are late getting into bitcoin. How can it be a scam when its been with us for almost a decade now? I agree that transaction are very slow but it can't be the only reason for calling it a scam.

Just go back to your altcoins and enjoy the fastest transaction you can have. But there's no doubt that people are going into bitcoin because of profit. If you don't like profit then what are you doing here? This is a bitcoin forum, then why hate it? I'm sure that you are one paid schill to create FUD here.

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December 07, 2017, 01:46:03 PM
 #17

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit

I agree with you.
It ll switch to a better technology,
Some of Atlcoins are better
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December 07, 2017, 01:51:16 PM
 #18

Currently its over 15550 USD The transactions on bitcoin network is taking me more then 24 hours no wonder the price is going up its a ponzi scheme and because its slow people are locked as they are not able to trade it
ITS just a shit coin with a hype on it. Exchangers Being Hacked Many sites having problem sending and receiving bitcoins How is this even the future. There are many other coins which has fastest transactions this is just a gimmick
BTCig shit

Bitcoin transactions maybe slow due to more number of pending transactions but it will be resolved in a day or two,so it is not a good reason to say it is a scam coin,if you think it is scam just stop using bitcoins.Bitcoins price is reaching new high due to the upcoming fork so all the people are selling their altcoin to buy bitcoin which causes demand for bitcoin.
I never faced any problem with bitcoin exchanges and wallets,if your wallet being hacked you need to keep your bitcoins in a software or hardware wallet then it is impossible to hack your wallet.

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December 07, 2017, 01:59:16 PM
 #19

It is not a scam coin. But recent upward trend is quite unnatural. Within a month or two, it has gone from 3k-4k to 15k. Nobody expected such an abnormal growth.

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December 07, 2017, 01:59:36 PM
 #20

Everybody should start using segwit addresses, you'd pay a lot less fees that way.
Also, hopefully lightning network will come pretty soon, then we'll pay even less fees than we are with just segwit addresses.

There are a couple of wallets that support segwit, though I don't think any mobile wallets do yet (IOS & Android) But correct me if I'm wrong.

Here's a short video about using segwit addresses:
https://www.youtube.com/watch?v=hlFcgbeuHQM (Title: Bitcoin SegWit Transaction Fees Are Low!)


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