Bitcoin is a scam?!

[1kreasons]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

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[mk4]

they said it is a scam, what are the resons for them to say so?

Then ask them why they think so. They probably think that of bitcoin due to all the fud in the past by people like Jamie Dimon, Jordan Belfort(wolf of wall st.) etc.

[thrylos]

Bitcoin is not a scam but it becomes a tool of a scammer to scam someone. Remember that in every success there is an enemy always working against it whatever reason he/she has.

[jmiro1]

You are saying as if the whole internet world is a scam. It's not like that you see, Bitcoin is a currency. It's an online money. And Online or internet is not the right place for truth. Lots of people can misuse it and turn it into a scam in some people's eye. No bitcoin is not a scam, but yes sometimes people try to make it so. You should try to learn more about it, I sense some interest in you. Wish you all the best.

[fabioganga]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

Ask these people a single question: if Bitcoin was really a scam, how come it has lasted for NINE YEARS, keeps growing in value and is more and more widely accepted?

[gbenga88]

Bitcoin is not a scam but it becomes a tool of a scammer to scam someone. Remember that in every success there is an enemy always working against it whatever reason he/she has.

Bitcoin is actually a success but everyone decides what they want to use their currency for, either for legitimate business or scam. Actually i do not see bitcoin as a scam

[Febo]

they said it is a scam, what are the resons for them to say so?

Then ask them why they think so. They probably think that of bitcoin due to all the fud in the past by people like Jamie Dimon, Jordan Belfort(wolf of wall st.) etc.

Exactly. Why you ask us why they think Bitcoin is a scam. Just ask them. They have own opinion no one here knows what their reasons are.

I am sure high on their liest is that price of Bitcoin rose so much in past 9 years. But that's just my guessing.

[odolvlobo]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

I would ask them why they think it is a scam. Research their reasons (if they actually have any), and I think you will find that they are simply misinformed.

[Shingaling]

Bitcoin is not a scam,it is already proven by many people.Don't listen to those who says that it is a scam because they dont know any single details about bitcoin.

[Bitfort]

It's not.
Bitcoin is transparent from the very beginning. Was announced when it starts, how it works, how we can get them, how much of them going to be etc. ... and everybody had same opportunity to get in.

I believe the scam accusation is reaction to all those glorious claims "BTC price going to be XXXXXX USD in few years" and similar  ... which in reality is just pure speculations (or wish) and people who believed it and bought BTC few weeks ago (when price was higher than now) feels like they have been scammed.

IMO the main problem is they see it as investment and chance to make huge profits ( unfortunately these times are gone and that the early adopters were lucky and become rich does not mean it's going to continue  ... but lot of people do not think this way ). Thats not how it should be.

Consider it as something new, revolutionary  and as such we definitely should not put in all we have.

[Velkro]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?

Who knows? My best guess: probably they are noobs in terms of technology. They don't understand bitcoin, so their opinions are only from other people that most likely also don't understand bitcoin from technical perspective.
If you know how revolutionary technology it is, u wouldn't ever call it scam

[Onion_Azz]

No bitcoin is not a scam. its like the holy grail of crypto. I find a lot of people who dont understand crypto spreading FUD this is mainly due to the fact that they dont understand the technology behind it all

If you ever in doubt and need any help give me a shout, ill try my best to help you out

[buzzbeez]

I would ask them why they think it's a scam. Scam must fit a certain criteria. BitCoin does what it promises. Nothing more nothing less. It's possible that BitCoin is WAY overvalued but that could be the case for Google too. Over value is not the same as a scam.

[A Confused Shoe]

As people have stated, probably should just ask those people why they think it's a scam.

BTC has great monetary value, utility, and potential for further growth, but its value can be very volatile and unpredictable, especially in the short-term. One of the great strengths of BTC (the anonymity it affords) can also be used and seen in a negative light, as hackers/cyber-terrorists can utilize cryptocurrencies including BTC to fund their operations. Which is why the public perception and media towards BTC is not always so positive.

I am confident it is NOT a scam, but as with any relatively new commodity, it needs to be approached with thoughtfulness and planning. I was in your shoes not that long ago and there are many people in my life today that think I am a fool for getting into BTC. Nothing comes without some risk - this is true whether you invest in stocks, derivatives, real estate, etc.

Feel free to PM with any questions or concerns.

[diora11]

I guess, do not hesitate to ask them why they say that? Do they have a good reason to say that bitcoin is a scam? And you should explore the news about bitcoin on the internet, there are so many reviews of it.. So you can make sure that bitcoin is a scam or not.. But in my opinion, of course it's not a scam.

[uelque]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

How did you know all those people you respect are always updated about this topic, where I believe they are not even aware what is bitcoin, truly. Think of this, if bitcoin is a scam, a BIG scam, then why there are a lot of people subjected to this "scam" they are saying? My own definition of scam is where we don't benefit on anything related to such, then ask us did we? NO WE DIDN'T!
And if bitcoin is a scam, then we are a bunch of big scammers. And why do this community do the best they can to remove all worthless people/members?

This is my point of view;
They totally don't know what they are saying so don't listen to them because they are factions of respected losers.

[Crypt0nonimus]

It's never illegal! I highly suggest you use Peer to peer to process your trading

[El Il-mythos]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

It is not because they are respectful and knowledgeable person you already have everything from them to meet your expectations and on that matter its understandable. What is not understandable if after you spend your time here and then come out with same understanding.
Also you did great thing because you decided to came here and you did right. Congrats bro.

[George Khelashvili]

I am a newbie and i asked few people, and these people are people.i respect, because in terms of current news or financial situations of different countries, they are always updated or knowledgable about this topic, but how come when i asked them about bitcoin, they said it is a scam, what are the resons for them to say so?
I am new and haven't read much so i just want to get your POV.
TIA for your comments.

BTC is not a scam

[bit-freedom]

Different people have different opinions on Bitcoin. I notice that the financial people usually talk against Bitcoin and the technology people support bitcoin.

I suggest that you read and learn about bitcoin, and make your own judgement after that. For myself, I don’t think bitcoin is scam. The technology is amazing.