Bitcoin is for scammers, yea right!

[LUCKMCFLY]

We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  

I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts. <obviously created with fake ID documents>  

In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)

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.  

You're quite right, and this is mostly incredible, but even by CNN News, in the economics part, when they talked about cryptocurrencies and bitcoin, they gave them bad references, like they're not backed up, they do not have any kind of stability, and that's why it was not safe to invest there.

And the films that encourage that, they just show that part, maybe they send a message from FUD so that people sell their cryptoactives much cheaper than normal and benefit those who actually know the potential and what it represents in development for the market.

In the traditional economy is where most major scams are generated and have, but try to apaciaguarlo with FUD to cryptocurrencies, however, people are waking up every day of that nightmare that they have when thinking that this technology is only applicable to the bad, they have not realized that there are more good things that can be achieved than bad ones.

[Leonardo7]

The regulated financial system like the bank has the highest volume of use case by scammers. A scammer may even think his client would suspect them if they are asked to send cash with a cryptocurrency, and they think about the process of getting it to cash and their client understanding of crypto. They will have to stick to their traditional money system.

[CryptoBry]

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.  

I read somewhere of a report stating that according to facts, a great majority of all the scams perpetrated every year is done using the fiat money and only a certain percentage is done using Bitcoin or cryptocurrency. This is just the case of sensationalization since Bitcoin is relatively new unlike the fiat money which has had been here for centuries. Once a country is adopting its own regulations on cryptocurrency, scams can be investigated, traced and have the perpetrators punished.

[Afnan_faizah]

We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  

I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts. <obviously created with fake ID documents>  

In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)

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.  

Movie producers just create movie which the content are what people want to see although it is not the true fact. There are many industry that accept bitcoin as medium of exchange so that bad image should be removed. Scammers use anything to scam people so it is not bitcoin fault.

[lionheart78]

We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  

I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts. <obviously created with fake ID documents>  

In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)

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.  

I agree, one of example is bank. Banking sytem is one of the largest scam next to the government financial institution.  I say it because, when you saved money to bank they only offers you small  annual interest while when you borrow your own money from them, they add huge monthly interest.  When we failed to pay our loan to these financial institution they file a case against us or put a penalty with huge interest and when they gone bankrupt and close their institution, we can only get the amount that is insured by the institution.  Aside from that, they can freeze or seize our account anytime they wanted. 

[qmclak]

Lol😂😂😂, That's what everyone think in the province i live. They all think Bitcoin is scam. But everytime they see someone spend few thousands of money from bitcoin or from crypto they also thought might doing some scam or illegal stuff.

[nauane]

Lol😂😂😂, That's what everyone think in the province i live. They all think Bitcoin is scam. But everytime they see someone spend few thousands of money from bitcoin or from crypto they also thought might doing some scam or illegal stuff.

People need to change their point of view about bitcoins. Bitcoin is not for scammers only. I agree that scammer use bitcoins to perform illegal activities but the fact is that they only use bitcoin to perform illegal activity and we cannot blame bitcoin for it. The scammer can also use Fiat for bad purpose too.

[BrewMaster]

Lol😂😂😂, That's what everyone think in the province i live. They all think Bitcoin is scam. But everytime they see someone spend few thousands of money from bitcoin or from crypto they also thought might doing some scam or illegal stuff.

based on what i have seen only people who have been scammed by some scammer think bitcoin is scam and usually that involves them investing in something fake like cloud mining, bitcoin doublers, or many of the altcoins. when they get dumped on or when the scammer runs away with their money, instead of blaming themselves for being stupid they start blaming bitcoin!

[pawanjain]

Scams happen in every platform with every type of money whether it be gold, fiat or crypto. The thing is that cryptocurrency scams are highlighted in a way that people give it more importance and make a big fuss out of it.
Bank robberies, chain snatching, printing duplicate fiat currencies etc.. are some crimes that we all would have heard quite often. Although it makes a difference but crypto scams grabs more attention.
I think one of the reason this happen because less people invest in crypto and hence the others get a chance to say that this is why I don't invest in crypto because crypto is a scam.
Why do they don't realize that scams happen all the time with all the types of money. I am sure the wise ones would still invest in bitcoin which is the reason they are wise 

[Nhor1011]

Bitcoin is for scammers? Why there are people that become millionaire through bitcoin,do you think they are scammers? Bitcoin adoption keep on increasing which means bitcoin is for everyone who believes and has knowledge about it and not just for scammers who wants to make millions out of bitcoin. Also being scammed maybe is our responsibility to avoid.

[The Cryptovator]

This FUD spreading by anti bitcoin community, that bitcoin using for scam. If someone scam with fiat/USD so it does mean that fiat/USD isn't potential? Same like bitcoin also, peoples using bitcoin to scam others. Its nothing with bitcoin. It's true due to anonymity bitcoin become easier and popular way to scam peoples. But it doesn't mean just bitcoin is responsible for that. There is lot of scam with other currency as OP describe but they are not highlighted like bitcoin.  

[proTECH77]

Lol😂😂😂, That's what everyone think in the province i live. They all think Bitcoin is scam. But everytime they see someone spend few thousands of money from bitcoin or from crypto they also thought might doing some scam or illegal stuff.

Indeed, even at the lace of my work, there are many people who are skeptical about my survival and have explained to them time without number that, Bitcoin is not for scammers even though many bad guys uses it for illicit activities. Bitcoin is not for scammers, Bitcoin is for serious minded people that need freedom, transparency and stay anonymous.

[Kakmakr]

Scams happen in every platform with every type of money whether it be gold, fiat or crypto. The thing is that cryptocurrency scams are highlighted in a way that people give it more importance and make a big fuss out of it.
Bank robberies, chain snatching, printing duplicate fiat currencies etc.. are some crimes that we all would have heard quite often. Although it makes a difference but crypto scams grabs more attention.
I think one of the reason this happen because less people invest in crypto and hence the others get a chance to say that this is why I don't invest in crypto because crypto is a scam.
Why do they don't realize that scams happen all the time with all the types of money. I am sure the wise ones would still invest in bitcoin which is the reason they are wise 

The reason why Bitcoin crimes are highlighted are simple :

1. Bitcoin is not a single organisation that can sue you for deformation or slander. 
2. Not enough people know how it works and what it is all about, so they make up shit.
3. Bitcoin has a lot of competition from companies and people with hidden agendas.
4. It is a technology that offers anonymity features and anonymity are linked to crimes. 

Some sharks are on the brink of extinction, because the movie industry sensationalized it's killer instinct and this gave those sharks a very bad reputation. 

[Broly46]

It is hypocrites I read the title with ironic, I supposed ts want to prove something like contradicting the general opinion, and showing Bitcoin is not for scammer. So bitcoin is definitely for scammer, it didn't change anything when you try to justify it by calling the bitcoin a better option than the worst of all scams.

[Duzter]

As every process associated to cryptocurrency happens through internet connectivity and are interconnected scammers find it easy to trap the users. In recent days around the world there is more number of scams got promoted with the name of bitcoin. More users have suffered it and has lost big. With this people term bitcoin is for scammers which is truly not the right thing.

[okala]

As every process associated to cryptocurrency happens through internet connectivity and are interconnected scammers find it easy to trap the users. In recent days around the world there is more number of scams got promoted with the name of bitcoin. More users have suffered it and has lost big. With this people term bitcoin is for scammers which is truly not the right thing.

Yes one can not deny that fact that there have been great number of scams in recent time and all through the use of bitcoin but even at that it not that scamming activities is not taken place in the traditional financial system e.g the bank. But bitcoin is seen as evil due to it nature as it exist only on the internet.

[shield132]

We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  

I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts. <obviously created with fake ID documents>  

In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)

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.  

Governments are a huge scam with their banking systems.
All they want is to make image of bitcoin very bad, that's all. Everyone knows history of deutche bank and others, how well were millions laundered. But no, bitcoin is still main target.
Then logically linux is an operating system that supports scammers + VPN and proxies are automatically in list. But if we think like them, then it seems electricity is an huge supporter of scam/criminal. When it is at night, you can do bad things online, when it's not available at night, it's easier to steal/robe and etc. Very illogical.

[Alpinat]

Well, I guess they are just not holding bitcoin that's why they are creating so many FUDS on the internet to decrease the value of bitcoin and finally buy some of it. I saw many popular people did that.  The only thing that we can do about this is just to ignore those not optimistic.

[bhabygrim]

We just need to tell them that every currency could be use  for scam.
Anything is being used Fiat and gold is also being used so don't just point on crypto.
Fiat is being used to money laundering like crypto and used for scam investment.
The only difference is crypto is much more easier to use.
Scammers would use anything that they could use to get some money.

[creeps]

Well, I guess they are just not holding bitcoin that's why they are creating so many FUDS on the internet to decrease the value of bitcoin and finally buy some of it. I saw many popular people did that.  The only thing that we can do about this is just to ignore those not optimistic.

Its hard to ignore that honestly because even if the market are good now if people react on the FUD it will still dump. I think they really want to make the market cheap that’s the main reason for them to do that. Those who think negative will not last in the market, newbies should ignore any FUD and avoid selling.