Bitcoin is an Illuminati Scam?

[anushkasachith888]

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project.  He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
  (You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
   ( the government cannot take any legal action against them )


I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

[JTPhotography]

Totally agree. I hitched a ride to Bilderburg with some friends in a UFO and they were all saying this exact thing.

[jona]

If you say bitcoin is illuminati scam than fiat currency is also a scam,it just a currency you need to spend for your daily needs and future investment,i do not by this idea.

[Brandtvig]

All of the facts that you just stated are what's so good about BTC. It's decentralized, no big corporations make money off it (no monopoly), and governments can't control your money. Bitcoin's value is solely decided by what the people are willing to pay for it. If your bank goes bankrupt, can you sue them?

 

[anushkasachith888]

All of the facts that you just stated are what's so good about BTC. It's decentralized, no big corporations make money off it (no monopoly), and governments can't control your money. Bitcoin's value is solely decided by what the people are willing to pay for it. If your bank goes bankrupt, can you sue them?

 

That's true. But in case my bank went brankrupt, central bank will intervene and will do some justice for me.

[DAVETUN]

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project.  He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
  (You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
   ( the government cannot take any legal action against them )


I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

I migth agree wit some of your statement,butthat will not stop me or anyone from holding and trading with Bitcoin,as it has change several peoples life,governement has failed us in my country,thanks to Bitcoin that deliver us from poverty

[anushkasachith888]

Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project.  He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.

1. Bitcoin is not a company, It has no corporate entity..
  (You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)

2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.

3. Bitcoin trading isn't regulated by any one.

4. If the internet goes down, Bitcoins cease to exit.

5. Very few accept bitcoins as form of payment. ( although this could grow)

6. Bitcoins transactions are not free and fee getting increased time to time.

7. You can't sue anything if you loose your bitcoins,

8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.

9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear

10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
   ( the government cannot take any legal action against them )


I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.

I migth agree wit some of your statement,butthat will not stop me or anyone from holding and trading with Bitcoin,as it has change several peoples life,governement has failed us in my country,thanks to Bitcoin that deliver us from poverty

Thanks for your respond. So As you say I feel like, this is a some kin of revolution. They can't stop it, Illuminati or Rotchild family can do nothing about this. That sounds good to me. 

[mk4]

1. Yes, and that's a huge selling point of bitcoin; not a disadvantage. Bitcoin never promised us any profits.

2. Yes. Because as you stated, bitcoin isn't a company. It's the money of the people.

3. Governments are actually slowly but surely regulating cryptocurrencies.

4. Which is next to impossible to happen.

5. Bitcoin is still a new currency. Look at bitcoin as like a project on it's pre-alpha stage.

6. Sure, some bank transactions aren't free either, as well as moving huge amounts of funds. Even PayPal has a fee. Not because we have high fees right now, it doesn't mean it will not be fixed in the future.

7. That's why crypto security is very important. You are your own bank. This still isn't a downside in my opinion.

8. I don't get what you mean in your statement.

9. Again. Bitcoin is at it's very early stages.

[anushkasachith888]

Totally agree. I hitched a ride to Bilderburg with some friends in a UFO and they were all saying this exact thing.

This is funny. Thanks for your respond. Anyways if you don't mind I would like to hear your real idea about this behind this jokingly saying..

[NavI_027]

All of the facts that you just stated are what's so good about BTC. It's decentralized, no big corporations make money off it (no monopoly), and governments can't control your money. Bitcoin's value is solely decided by what the people are willing to pay for it. If your bank goes bankrupt, can you sue them?

 

I agree with this I treat that list as positive traits of bitcoin also. Btc's decentralization was good because it only means that there is no one who can monopolize btc, therefore, greedy people can't take advantage into it and all is fair.

Also, I think that list is not a concrete proof for accusing btc as a work of Illuminati and besides we only have a very small information about this mysterious organization so we're not sure if they really manipulates btc.

[drunkcoin]

All our lives are God's scam, guys. Although I agree that bitcoin looks more suspicious than ethereum that has a person behind it. Bitcoin is growing to fast comparing to other coins.

[Marileno]

It isnt a scam but it is 100% pure speculation. Nothing wrong with that, as long as you understand the fact that there is no inherent value in BTC - like there is no inherent value in gold.

[Jet Cash]

Virtually all of the points you make apply to gold.

Bitcoin is not an illuminati scam, and it was created to help people to escape from the illuminati fiat currency scams. In fact they are so worried about a potential exodus, that I believe they are now buying Bitcoin in an attempt to cripple it.

[wilhb81]

OP, it's understandable that your friend claim Bitcoin is a claim, but I'm not understand at all, how was he related Bitcoin with Illuminati?  

If he thinks that Bitcoin is another creation of Illuminati's scam - then I have nothing much to say about it lol

[djorzgul]

I wouldn't say it's a scam or Illuminati mumbo-jumbo   But your points are in place.

My biggest issue is that I cannot use it for small transactions ( less than $100 for example) due to very high fees... That's why I personally find altcoins more interesting ( monero for example...)

[nareshrohra]

I disagree with some of the points. Here's my thoughts

1. It was the fundamental idea of bitcoin. Don't trust organisations/regulators. Rather, trust a community of people
2. So does USD, CAD, INR etc
3. Relates to point #1
4. If internet goes down, so does my credit/debit card, online banking and ... my job
5. yes, it will grow
6. yes, but still better than forex. although, I agree that this should solved
7. that is if you store in exchanges
8. so did gold miners
9. Didn't understand your point entirely. In my part of the world, exchange transactions take 2 days for security to credit in my account
10. It is on others to beleive or not. I would be lying if I said that I didn't lose money because of a stock market expert's prediction going wrong

[SamReomo]

I totally disagree with your points and stop calling the great Bitcoin as Illuminati. Bitcoin is anonymous, and can be used by anyone and everyone without any restrictions from governments, or jurisdiction related issues. Bitcoin isn't one person's property, it is for the whole world and that's why no one other than the holder earns any profits from it. Few places accept Bitcoin because it isn't stable at one price, and there are many ups and downs. and sudden surges in its price. Yeah, the transactions aren't free because miners also want their share. If you loose your Bitcoins that's your own fault not others, so there is no point for suing anyone.
Although, I agree with some of your points, but if you do deep research on it then you will know the truth.

[SummonKing2]

I think the bitcoin is not a scam, but some people say that it's a scam. In recent years, the U.S. government has moved as fast as a slime mold to catch up with financial wrongdoers. It missed the 2008 credit bubble in an epic way and was never able to head off major market dumps, particularly the mysterious "flash crash" a few years ago.

[mOgliE]

Hi,

Actually all the points you are highlighting can be supported indeed. The bitcoin, its market and its community are quite "new" so quite unsure and indeed there is an almost complete lack of regulation about it.

BUT

This doesn't mean there must be some kind of conspiracy. Illuminati, right? I cannot prove they don't exist and even saying just that makes me sound as a conspirator for those who believe in such theories. Just calm down.

Bitcoin is.. full of opportunities but also loaded with scams. Just learn from your mistake in order to avoid scams. And forget about illuminatis!

[anushkasachith888]

1. Yes, and that's a huge selling point of bitcoin; not a disadvantage. Bitcoin never promised us any profits.

2. Yes. Because as you stated, bitcoin isn't a company. It's the money of the people.

3. Governments are actually slowly but surely regulating cryptocurrencies.

4. Which is next to impossible to happen.

5. Bitcoin is still a new currency. Look at bitcoin as like a project on it's pre-alpha stage.

6. Sure, some bank transactions aren't free either, as well as moving huge amounts of funds. Even PayPal has a fee. Not because we have high fees right now, it doesn't mean it will not be fixed in the future.

7. That's why crypto security is very important. You are your own bank. This still isn't a downside in my opinion.

8. I don't get what you mean in your statement.

9. Again. Bitcoin is at it's very early stages.

Hi Friend, Let me explain no. 8 in details. It is something like this... if you are  BTC holder you need to promote BTC in order to make its value higher. So it is more selfish activity rather than rational analysis from you to people.. Hope this make clear for you.