Bitcoin is for scammers, yea right!

[imstillthebest]

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.

it's hard to explain for those who have a different view from bitcoin. and I think we leave them and answer them from the achievements that we can, like being able to buy a car, house, or other property. usually such people will believe in evidence. after they realize they just want to learn

before we started our careers here in bitcoin  ,we also have a different view but we forced our selfves to learn because we want to earn  . same as them we  can say that they dont have interest to bitcoin but they can also learn like us if they really wanted to   . showing proofs are okay to make them more convinced on joining   .  but you guys story didnt differ on me , people here on our place also mistaken btc as a scam  , not until i educate them .

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[virasog]

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 so true that everyone of us get the same sort of answers when we tell anyone about bitcoins. Those who are not aware of bitcoin, never take our words seriously and keep on criticizing bitcoin.
Recently trump told some negative words about bitcoin and now those negative minded people have another argument of not accepting the bitcoin benefits.

[Nnuego]

Albeit many criminal act are been carried out using bitcoin as mode of transaction. This a terrible issue facing the crypto world cos the king of crypto is been used in such dealings. 

[Allura74]

Albeit many criminal act are been carried out using bitcoin as mode of transaction. This a terrible issue facing the crypto world cos the king of crypto is been used in such dealings. 

Scams are everywhere ever since without crypto scammers are already scattered over the net and crypto is not exempted on that because money is hot and there are people who are taking advantage over the popularity of crypto, so its unbelievable that crypto is just for scammers.

[princesspoppy]

Whenever people don't like something, they are doing anything they can for others to feel the same way towards it, and that is exactly what they are doing to bitcoin. There are lots of people who are not in favor of using bitcoin and those are the people who do not see it's potential at all. They spread FUD and accusing things to it - whether it is used in illegal transactions and that it is just another kind of scam. Yes, maybe the word "bitcoin" or "cryptos" are used by some scammers out there in order to scam people but that doesn't mean that bitcoin is a total scam.  There are lots of good things bitcoin offers and if only people are trying their best to learn everything about it, they will be able to know the risks they'll take and they will never experience scam and losses.

[DmitFomin]

In fact, with the help of fiat currencies, the largest frauds and other crimes are committed. Even during an ICO, many scam projects raised money in dollars. Simply, people are afraid and do not understand what bitcoin is, so they accuse him of all sins. But I remember that in exactly the same way many people blamed the Internet, computers and called it all evil, but gradually it came into our life and became habitual, so we need time to change the attitude of people to Bitcoin.

[wattcrypto]

I mean the amount of scams that happen around BTC is pretty massive. Might not be the same as fiat but that also has to do with total market cap and tracking. Just last quarter they reported having more than $1.2 billion stolen due to thefts, scams and fraud https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

[Moiyah]

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.

We can't erase the fact that scammers are doing all to make crypto users fall for them. I, myself encountered it one time and good thing I recocered my account. They are using bitcoin as an excuse to scam people. Aside from btc's price has a high value now, more and more people are encourage to do illegal activities using crypto. Sad but the reality is that there are still people who doesn't aware will still fall for that.

[Little_king]

Many still think bitcoin is a scam and also lead the way to money laundering but what surprise me most is that this btc is just 10years old and ever since I was born there has always be money laundering issue even when the bank account t can be trace to the link but govt has not been able to curb those criminal but thinking btc is the major problem is what makes me laugh , cos it has a clear and well decentralized system that can be trace , unlike the money bank that even have money and can't be point out .

[bitbunnny]

It seems that it's very hard for Bitcoin to fight against bad reputation that was its burden from the very begininig. No matter all the progress that was made many people still think that Bitcoin is currency for criminals and scamers, for money laundering and other criminal activities. But they forget that fiat currencies are also used for all that but no one isn't calling them criminal tools. Everything that could be misused, people will misuse it, including cryptocurrencies.

[Anonylz]

Albeit many criminal act are been carried out using bitcoin as mode of transaction. This a terrible issue facing the crypto world cos the king of crypto is been used in such dealings. 

For decades crime has been in existence and are been carried out daily through many forms and in every sectors, fiat has been in existence long before crypto will ever think of been in the picture, my point in essence is crypto is not the root or cause of criminal activities, yes some people use this for bad intentions while others use it for the opposite, and same applies to fiat, can't totally rule it as bad.

[kennen1113]

Bitcoin isn't for scammers, but the features of bitcoin was very advantageous to the scammers. Here some truly believe bitcoin is for scammers, for illegal needs and for gambling. When someone gets into bitcoin usage for the first time if he caught into the trap of a scammer, he leaves the community experiencing a loss and when he makes a conversation related to bitcoin he'll indicate it a scam. This is how there is lot of people stating it as a scam.

Yes, bitcoin is not just for scammers, it's for everyone who cares and wants to create a different life from Bitcoin but in the process, many people are like you said, using bitcoin's features to become professional scammers. A person got caught in a trap then many people, and many rumors were pushed out of life, all of which have created a non-optimistic view of bitcoin for many newcomers but the nature of the story is not related to bitcoin, it is obviously related to some bad components and some ignorant users

[boris2470]

Bitcoin is a great tool for fraudsters and I think they will use crypto more and more every year. As a rule, fraudsters operate with large amounts of money and sometimes it is difficult to transfer or withdrawal this money. Bitcoin simplifies this process many times.
It is unfortunate that Bitcoin what was created with an idea to deal with financial structures and third parties is used by bad people.

[Naughty Princess]

Albeit many criminal act are been carried out using bitcoin as mode of transaction. This a terrible issue facing the crypto world cos the king of crypto is been used in such dealings. 

Scams are everywhere ever since without crypto scammers are already scattered over the net and crypto is not exempted on that because money is hot and there are people who are taking advantage over the popularity of crypto, so its unbelievable that crypto is just for scammers.

I agree. Everywhere has scammer even without crypto, and crypto is not only for scammers for those who work on it. Careless people are just victim of those greedy people on the internet whose stealing is just a habit. You are responsible for your security.

[Spaffin]

Fraudsters use the anonymity of cryptocurrency and until this problem is resolved, we will not be able to deal with fraud in the cryptocurrency market.  I understand that each of us values ​​the fact that anonymously owns cryptocurrency, but we still need to think about the security of our funds and the safety of our family.

[raidarksword]

I totally agree with you, it's been used by scammers and fraudsters for quite a long time now and it's not stopping because of it's anonymous transactions that cannot be identified by the authority that's why it's been abused for illegal acts. Some governments are afraid to adopt bitcoin because of that facts and i hope this issues will be solved in the future in order for bitcoin to be fully be adopted.

[Janation]

I totally agree with you, it's been used by scammers and fraudsters for quite a long time now and it's not stopping because of it's anonymous transactions that cannot be identified by the authority that's why it's been abused for illegal acts. Some governments are afraid to adopt bitcoin because of that facts and i hope this issues will be solved in the future in order for bitcoin to be fully be adopted.

And did the government stopped the scammers using the real currency?

They did not right? I don't think we should linger in this since it is a decentralized cryptocurrency. We should educate ourselves more rather than hate these scammers. Don't get me wrong though, we should hate scammers but we should also hate ourselves from being scammed since that is our fault not educating ourselves about them.

[bryant.coleman]

The results of a study by the Massachusetts Institute of Technology (MIT) and Elliptic came out today. They analyzed more than 200,000 transactions, worth more than $6 billion. Around 2% of the transactions were suspected to be made for illegal purposes. And this figure is roughly in line with the findings by Chainalysis, which claimed that 1% of all the Bitcoin transactions are linked to illegal activity.

I doubt whether this news will ever make any difference. The mainstream media will continue to bash Bitcoin as an anonymous currency used for illegal purposes. And many of the prospective investors will defer their plans to invest, as a result of this propaganda. But the fact remains that the vast majority of the Bitcoin transactions are perfectly legal and the amount of coins being used for illegal usage is going down every year.

[finaleshot2016]

I totally agree with you, it's been used by scammers and fraudsters for quite a long time now and it's not stopping because of it's anonymous transactions that cannot be identified by the authority that's why it's been abused for illegal acts. Some governments are afraid to adopt bitcoin because of that facts and i hope this issues will be solved in the future in order for bitcoin to be fully be adopted.

And did the government stopped the scammers using the real currency?

They did not right? I don't think we should linger in this since it is a decentralized cryptocurrency. We should educate ourselves more rather than hate these scammers. Don't get me wrong though, we should hate scammers but we should also hate ourselves from being scammed since that is our fault not educating ourselves about them.

Agree tho, we should educate ourselves first and make a move for the development of bitcoin. If they can see on us that we're using bitcoin freely and they observed that there are good advantages, it will give a good impression also.

Scammers are everywhere, even in the online platform, there's a lot of them. We can avoid those, there are people that use a thing in a bad way.

[Cheesus]

Most of the illegal activities are having done through cash or online money or through the bank. Though it is right that Bitcoin and some other currencies are being used in the darknet regularly but in the comparison between Bitcoin and Cash money, the money is available everywhere. Some people always want to blame on something that they don't know. Everything can be used in two ways, good way and a bad way. It's not the fault of the currencies, it's the fault of those bad human!