Bitcoin is for scammers, yea right!

[kr105]

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 totally agree! The world was already full of scammers and fraudsters before we met cryptocurrency. Sometimes media just acts like they were no criminals or scammers before crypto. It’s so stupid. Scammers always find ways to get what they want, they do it even with the most legalized businesses. No need to blame Btc for this type of stupid things.

[ubay]

To be honest, whatever can be used as a scam depends on the personalities of each person.

It is very easy to deceive people in modern times, such as utilizing the issue of bitcoin or cryptocurrency, but later you will get karma or your own bad reply for your actions.

Stay good and wise.

[Vinalians]

This is like the saying since the beginning even some experts are saying that bitcoin would disappear and the owner will just take the money of all people who invested in it. I mean don't you know that there are some experts who just give up saying that bitcoin would disappear and scam people? They are now investing in it and one of the hodler today.
Well, I am just saying that those people who said this should give up also saying that bitcoin is a scam. This is the evolution of money. Digital payments will be our future.

[scoftagel]

Scammers abuse bitcoin to usurp assets !!

[elisabetheva]

To be honest, whatever can be used as a scam depends on the personalities of each person.

It is very easy to deceive people in modern times, such as utilizing the issue of bitcoin or cryptocurrency, but later you will get karma or your own bad reply for your actions.

Stay good and wise.

Technological developments and progress are very rapid, of course not separated from the thing called fraud. almost all fields can happen, like what you say that can also happen in crypto with bitcoins. and misuse the way that what is done is like that according to the rules made. without us knowing that it is a fraud.

trying to prevent fraud from happening is sometimes very difficult. but it is necessary to remain vigilant

[fiulpro]

The word scam was itself originated in 1960's , stating unknown origins .

Bitcoins came in 2009 .

- what I want to say is that , was the scam rate zero before Bitcoins came ? Has it increased exponentially suddenly? Can't you do scams by just using any normal currency?

If you have bad intentions you will find a way , no matter for what a thing has been invented people will always find a bad side and use it for their own good .

It had nothing to do with Bitcoins .

If governments bans the Bitcoins and all just because it is used for doing scams then they should also ban normal bank accounts and paper currencies too.

[rodel caling]

Yeah exactly it's obvious scammers  can really use different strategies and ideas how get easily money, the is some people against bitcoin is they create fud news bitcoin is front to use of money laundering and easy to scamm because they can hide their identity but not. As OP said scammer can fake Identification to get enrol in the bank for their illegal activities.

[JPSelzer]

Cryptocurrency gives the temptation to use it for illegal purposes due to the fact that it is anonymous. This is true. But that doesn't mean she's dangerous. You are right, scammers also use fiat money, but we also use it for good purposes.

[Getmon]

That is why crypto education is needed. I am not suggesting that it should be integrated into college education, but if it is, it would be much better. I am only suggesting that crypto supporters like us should try to enlighten in our own simple ways the people who have heard about crypto wrong. The investment regulators of the government themselves should also try to study what is happening around. If they know about crypto, they could release a statement to the people not to believe about investments falsely using the name crypto.

[JeramiParan]

I think not, their are scammers anywhere even before bitcoin exist, it so happened that in crypto world or digital currency security is not that good, that's why scammers came in. Scams happen not just in digital currency but also in fiat.

[AndreuSmetanin]

To do this, it was necessary to create cryptocurrencies so that no one could challenge the transactions as well and find out who Alice and who Bob is.

[Tahsin Kabir Kollol]

Bitcoin is for scammers,  it is not right thinking. Scams can happen in every financial platform. Those people who want to scam, they always do scam in many ways. Scam can be done by Current currency. People who have not enough knowledge about bitcoin and do not want to accept bitcoin, they always blame bitcoin. Bitcoin is modern technology and it needs to right use. Because of some scammers, it is not right to say that Bitcoin is for scammers.

[Kocret02]

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.  Wink

It's true that there had been a lot of scam that is happening in cryptocurrency, however, being scammed in cryptocurrency is really people's fault. Lack of knowledge, greed of earning potential high reward in short span of time leads people to joining scam investments. So, they should not blame crypto for being greedy and for their lack of knowledge about crypto.

The number of scam happening in real-life which is not crypto related is still tremendous. As mentioned by OP, boiler scammers, ponzi scheme investment, and a lot more.

it can be said if the fraud in the cryptocurrency is managed neatly and wrapped in the name of investment. so I think maybe people should be more aware of crypto scams. it can be avoided and is more selective in that regard

[Sithara007]

No one is going to deny the fact that the incidence of scamming is higher in Bitcoins when compared to other forms of assets such as equities, bullion and real estate. But what is the real reason behind this anomaly? The government authorities have forced Bitcoin to go underground with their insane tax laws and refusal to legitimize cryptocurrency. 

[dimox]

my neighbor ask about trading, "can you make and withdraw money from trading?" and i said, yes i can. but he still unbelieve and ask more and more the same question. so i explain basic of trading.
actually they just less information about bitcoin, what they know is negative news, so they called it scam.

[Ayiranorea]

my neighbor ask about trading, "can you make and withdraw money from trading?" and i said, yes i can. but he still unbelieve and ask more and more the same question. so i explain basic of trading.
actually they just less information about bitcoin, what they know is negative news, so they called it scam.

This is the reality, rather than the good the bad news easily reaches the common people who keeps on running for their daily life. Bitcoin is nothing an exception. Very few understand in the right way and explain good about the good and true value of the cryptocurrency.

Another thing, some people without any proper understanding used to get into bitcoin usage and with their mistake they couldn't make big earning and might have experience big loss. This creates a negative thinking in their mind and the same will be spread, and these people never realize their mistake.

[imking]

my neighbor ask about trading, "can you make and withdraw money from trading?" and i said, yes i can. but he still unbelieve and ask more and more the same question. so i explain basic of trading.
actually they just less information about bitcoin, what they know is negative news, so they called it scam.

Yes, your right, I have the same issues. When they ask a question about bitcoin and answer it correctly, they keep asking and asking and ended up repeating the same problem. After that, they will still say that bitcoin is a scam,  I keep telling them that is not a scam other people use it to make some scam, but the bitcoin itself is not and if you want to know about bitcoin make your evaluations so that you have more information about it.

[Darker45]

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.  

And how about stretching the word scam a little further? If it is a dishonest or swindling scheme, then perhaps we can include those that are directly regulated by the government.

Here in the country I am living, the government itself has a lot of insurances whose membership are even compulsory to many employees. And since there are so many questionable rules and policies that are not even clearly spelled out to them, they often end up not benefiting anything from these insurances at all.

Look at that! I guess the largest scammer does not use cryptocurrencies at all. Or do governments use them?

[Lbowens1]

We  have been hearing this since Bitcoin started .
Funny cause some of those who calls it scam before are now into crypto.
Those who are against it are now using it to make money.
I think for those people like me who have been in crypto for years have already heard this a million times and it doesn't bother us anymore.

[darklus123]

To be honest, whatever can be used as a scam depends on the personalities of each person.

It is very easy to deceive people in modern times, such as utilizing the issue of bitcoin or cryptocurrency, but later you will get karma or your own bad reply for your actions.

Stay good and wise.

Yeah let's say you are right but the fact that bitcoin is one of the easiest tool that a scammer can use makes it really frustrating because of the anonymity feature of bitcoin. It became one of the greatest scammer's safe heaven. Aside from that the blackmarket bitcoin used is rampant , I still remember before that there are certain terrorists posting on the blackmarket buying weapons which is pretty scary