Bitcoin is for scammers, yea right!

[vv181]

Conventional currency is still being used for scamming, money laundering, and terrorism funding, yet they all still blame Bitcoin. They want cryptocurrencies especially Bitcoin to be banned to prevent that while ignoring the fact, that most of the illegal activities still contain a regulated currency. Mainstream is jerkily being a double standard toward cryptocurrencies space.

[BitHodler]

Yeah, it's a little annoying to see that Bitcoin is being portrayed as a way to scam people for some but in truth, it is a revolutionary technology that could change the world. Bitcoin could be use in more ways. Bitcoin is going up again so we might hear more FUD coming.

It's not really annoying for me. I see it as ignorance, and this ignorance is exactly why you can still buy Bitcoin faaaaar below the $100k mark. Instead of seeing it as something negative, see it as an opportunity to accumulate.

By the time these people finally change their opinion on Bitcoin they'll be buying Bitcoin at +$100k levels because there is no way to ignore or trash it anymore. We are the true pioneers of this economical revolution, don't forget that.

[DoublerHunter]

This does not sound new for me, I always heard this since I discovered cryptocurrencies on my own and adopt on it, I always heard this.
They always make FUD on bitcoin and this sentiment will not give benefits to them, why not they accept the fact that the most happen scam is on centralized companies or even in governments they are regulated but there is always a corrupt that might scammed the money of government-citizen. We can ignore them instead of having arguments regarding this and stand for our belief.

[sehoon]

Bitcoin is for scammers and like fiat money, it can also be used in different scams. For example, is the Ponzi scheme or different networking companies. Especially here in the Philippines, there are a lot. Bitcoin and fiat money can be used in illegal activities but it doesn't mean that it is bad. It will depend on the owner of these currencies whether they will use it for good or bad.

[mk4]

So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.  

The irony will kick their ass. 

It totally baffles me how no one I personally know actually knows about what shady stuff some banks worldwide are doing. They mostly see banks as these very lawful and very legal entities that doesn't commit fraud whatsoever just because they're banks. They get surprised when I tell them what kind of fraudulent activities some banks in the United States are committing.

[sunsilk]

I guess I'm lucky to don't have that kind of argument, the people whom I talked to about bitcoin weren't highlighting this topic but they can't move on about bitcoin's bear market. All eyes are still on 2017 ATH and they can't even recover although we already had.

Bitcoin is for scammers and like fiat money, it can also be used in different scams. For example, is the Ponzi scheme or different networking companies. Especially here in the Philippines, there are a lot. Bitcoin and fiat money can be used in illegal activities but it doesn't mean that it is bad. It will depend on the owner of these currencies whether they will use it for good or bad.

This is another perfect example, people look at bitcoin this way because those networking companies are highlighting bitcoin. They are using the 2017's greatness to attract more investors that they can scam. In the latter, when they are about to collapse most of the investors will blame bitcoin and will have that kind of label instead of blaming themselves and the scam company.

[proTECH77]

Cryptocurrency's image is being scratched by scammers who use Bitcoin in their own ways. Even people who don't have enough knowledge about Bitcoin mostly the elderly people always define it as a scam. Being Scammed or using it in an illegal way isn't Bitcoin's fault because it has its own function and it works in a great way yet some users use it in a negative way.

I strongly believe that becasue, Bitcoin is been used by people called scammers, the people now called it scam. Sometime ago, my Dad asked me about Bitcoin and i proudly explained all need to explained to an elderly person, but he asked me a question, why is Bitcoin volatile?, i gave him the reply and he concluded by saying, it is a scam becasue, if one invest on it; there's no possibility of it yielding profits, then i said, on a long term profits are guarantee.

[Adriano2010]

Some people i think start to spread FUD either because their against all crypto or either want to spread FUD and after maybe someone will start sell their coins and they can buy cheap coins.

[uneng]

Although rules and regulations are useful to raise the safety in our societies, I can't deny there are some "regulated scams". I know some phone companies use very shady methods to earn money: they call a person every day, even if the person isn't interested on the service.
They use robots to make the calls and these robots ask questions maliciously, to force the person to accept a service and spend money. And it's a shame this kind of service is fine to operate in the country. The truth is that bitcoin is much more ethical than these regulated services, even not being regulated.

[MakeMoneyBtc]

Even though 99.99% of the people agree with something there is going to be that very small percent that doesn't agree with it and that's happening absolutely everytime, doesn't matter what we are talking about. There will always be bad news about bitcoin, people tried to convince others that bitcoin and crypto is bad but we all know the real value of bitcoin and we should not pay attention to this kind of news anymore.

[Whaleagent]

This is how to media works, they always prefer to promote negative news than positive. I heard this about BTC / Crypto from long time ago, the fact is that it's a complete BS. Soon they will join the revolution too.

[Pagri]

It is understandable that the financial authorities make every effort to "demonstrate" that the use of cryptocurrencies is characteristic of criminals and fraudsters. It is a way of preparing the environment against bitcoin, and predisposes people to take a negative stance against everything that involves the use of cryptocurrencies.

And although it is true that until now the vast majority of illicit activities continue to be done using the formal financial system and fiat money, many people do not seem to understand that and still have many prejudices against the cryptos.

[minersday]

Excuse me to say, only dumb people thinks Bitcoin is for scammers. In as much that the transactions of Bitcoin made of its blockchain network is quite private and anonymous, it is quite easy to track down transactions made and know the current destination of the sent Bitcoin on the Blockchain network. Since transactions are public and easily traced, there is no way scammers can be tracked on the network. Its high time people clear the old fashion mentality implanted in their minds and try to gain knowledge of Bitcoin and cryptocurrencies and how relevant they are to our current financial ecosystem. People should embrace the technology and try to understand the differences this technology can introduced to the entire world.

[samcrypto]

Some people i think start to spread FUD either because their against all crypto or either want to spread FUD and after maybe someone will start sell their coins and they can buy cheap coins.

There are so busy to spread shitnews, they really tried their best to make the price cheaper well its goind to happen if they have more holdings than the good whales. Spreading FUD is very common in the market especially with bicoin, the price can really hurt because of that so try to ride with it or counter that FUD news with a great positive news.

[traderethereum]

Some people i think start to spread FUD either because their against all crypto or either want to spread FUD and after maybe someone will start sell their coins and they can buy cheap coins.

There are so busy to spread shitnews, they really tried their best to make the price cheaper well its goind to happen if they have more holdings than the good whales. Spreading FUD is very common in the market especially with bicoin, the price can really hurt because of that so try to ride with it or counter that FUD news with a great positive news.

I guess they have their own purpose of doing that because they don't want to see bitcoin reach the famous among the people.
Or they are too late to join the bitcoin party, so they use many things to say bitcoin is not good for others.
What I believe is no matter how hard they are trying to spread bad news about bitcoin, bitcoin will be strong and will increase higher.
They could only watch for bitcoin without any chance to join in the bitcoin world because they are too late to realize that bitcoin is a new way to help them to make money.

[spydee1522]

bitcoin is for scammers, hhahahhahhaaha , since when and I didn't know as a minister of bitcoin affairs. bitcoin is now widely accepted and use as a means of buying airplane tickets, cinema tickets and various bank transactions at a fast rate. people read articles and others from poor sites and start saying their mind without any proper research on what they are talk about.

[Indrawan77]

Its funny to see this kind of things, when fiat being used for scamming nobody shout fiat as scamming tools, but when somebody do a little crime with bitcoin suddenly its being label as scamming tool, I think this is some kind of attempt from certain party to weakened the crypto usage and development

[rachellee]

If bitcoin is basically for scam, then even fiat. From petty pickpocketing to huge corruption, fiat has always been the subject of these crimes. I just wanted to point out that bitcoin, just like fiat, gun, knife and any other object that could be a tool in crime, is neutral. Its good and bad depends on who uses it. Bitcoin is designed to transform our economic landscape, freeing us from the third-party intervention. Scammers just take advantage of its privacy.

[hatshepsut93]

Scamming in Bitcoin and mainstream ecosystems are different, and they shouldn't be so directly compared, because the answer to "what is better for scammers" is not so simple. Fiat is used by everyone, while Bitcoin is only by very few, so those who target huge amounts of people, like spammers and callers would obviously go with fiat. But Bitcoin's features like pseudonimity, irreversible transactions, lack of regulations in its ecosystem do make it easier for scammers - ICO's are probably the best example of it, but there's also a plenty of exit scams. But this all might be not exclusive to Bitcoin and crypto, it might be a part of larger problem with Internet economy.

[Ronaldcoin2017]

Well i think bitcoin is not for scammer, but yhe scammer really wanted to use it because they see that the bitcoin is becoming more stronger in terms of gaining or investing, so maybe they found out that many people is a supporter of bitcoin so they maybe used bitcoin so that they can easily find a victim to make an easy money. Bitcoin is for all and we are all welcome to used bitcoin for good.