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Author Topic: Statement against people who say Bitcoin is a Scam  (Read 808 times)
haikalfahmi (OP)
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October 23, 2019, 01:28:17 PM
 #1

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?
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October 23, 2019, 01:39:45 PM
 #2

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?
I'll do nothing, why do we have to make everything clear? I mean why don't they just do their own research? if that's what they think of bitcoin then let them. We don't have to prove anything to anyone besides we have different perspectives, we just need to accept it and understand them since they don't have enough knowledge they'll judge bitcoin anyway so just ignore them. They don't understand that it is not bitcoins fault to be involve in scam situations, people was taking advantage and use it to deceive others because of the benefits they wanted.

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October 23, 2019, 01:41:39 PM
 #3

A scam is a conscious attempt to deprive people of something valuable (usually, money). When Satoshi created Bitcoin, I don't think that what this person had in mind was robbing people. And I think most people would agree about it. Bitcoin was not even a commercial project or something, not was it an investment opportunity. It was a kind of money people would be able to use without involving intermediaries or supporting certain countries by using their money. If people buy Bitcoin and then sell it when the price goes down and then call it a scam, I think it's their own misunderstanding of what Bitcoin is for and how it works, they should not blame Bitcoin for that.

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haikalfahmi (OP)
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October 23, 2019, 01:56:54 PM
 #4

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?
I'll do nothing, why do we have to make everything clear? I mean why don't they just do their own research? if that's what they think of bitcoin then let them. We don't have to prove anything to anyone besides we have different perspectives, we just need to accept it and understand them since they don't have enough knowledge they'll judge bitcoin anyway so just ignore them. They don't understand that it is not bitcoins fault to be involve in scam situations, people was taking advantage and use it to deceive others because of the benefits they wanted.
say it like this, if I look at it from another perspective, the things I explain to them can make the bitcoin community network in each region wider, and can also help others to invest in their own lives.
You know, I always think it's like I don't know someone, but I always think negatively about him because of other people's words without me knowing him personally.
but yeah, what you say isn't wrong either. and also, everyone is free to say or do what they want.
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October 23, 2019, 02:06:45 PM
 #5

Even now there is lack of true understanding about bitcoin and the backing technology. Most of the time bitcoin is termed as scam by users who have once got scammed in the name of bitcoin. Bitcoin is a high risk market as well a highly valued network. Here we need to be more careful in handling everything. Just on getting caught into s scam that particular person spread it as scam.

haikalfahmi (OP)
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October 23, 2019, 02:06:51 PM
 #6

A scam is a conscious attempt to deprive people of something valuable (usually, money). When Satoshi created Bitcoin, I don't think that what this person had in mind was robbing people. And I think most people would agree about it. Bitcoin was not even a commercial project or something, not was it an investment opportunity. It was a kind of money people would be able to use without involving intermediaries or supporting certain countries by using their money. If people buy Bitcoin and then sell it when the price goes down and then call it a scam, I think it's their own misunderstanding of what Bitcoin is for and how it works, they should not blame Bitcoin for that.
as you said, maybe because bitcoin is a type of money that people can use without involving intermediaries or supporting certain countries using their money. it causes people not to trust bitcoin too much. for example if I'm not mistaken in 2017 or 2018 (correct me if I'm wrong) there is news about regulatory issues in a country and at that time the price of bitcoin is down.
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October 23, 2019, 02:20:29 PM
 #7

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?
Explaining to a close-minded person would lead me to nothing. Everything you say to them, they'll just throw you off with arguments in which even if you can explain it, they'll just have another question. Commonly the elderlies who are more inclined into investing to real, liquid assets, are harder to educate regarding bitcoin. Most younger generations are easier to educste since they have the basic knowledge of how the digital world functions and they could grasp the idea and remove trust issues while learning.



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October 23, 2019, 02:21:04 PM
 #8

Talking to such people is pointless, so let's ignore them and do our job. let's show them the opposite of what they say by doing and I'm sure that when we get rich in Bitcoin and other Altcoin they will be really ashamed to show us.

So just keep going, and not paying attention to our haters, Don't be afraid of them, and let their words inspire us!
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October 23, 2019, 02:22:03 PM
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I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk. What do you think about finding people like that and how will you react to them?


We could NOT please all people in this world and people will always have different ideas, opinions and thoughts on something, and Bitcoin is no exemption. As a popular cryptocurrency, Bitcoin seems to have become a polarizing object...either you like/love it or you don't. We don't have the responsibility to convince anybody to also like and invest with Bitcoin. Can you just imagine of the maker of Coke will one day forced all people to drink its soda drink? That can be a big controversial move or even an anathema because there are also many people who are die-hard drinking fans of Pepsi. The same thing with Bitcoin. People who are convinced that it is a big scam should be allowed to do so, convincing them otherwise can be a big waste of time. Now, if they can be interested somehow, I am sure they can find a friend in Google.
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October 23, 2019, 02:37:03 PM
 #10

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?
Explaining to a close-minded person would lead me to nothing. Everything you say to them, they'll just throw you off with arguments in which even if you can explain it, they'll just have another question. Commonly the elderlies who are more inclined into investing to real, liquid assets, are harder to educate regarding bitcoin. Most younger generations are easier to educste since they have the basic knowledge of how the digital world functions and they could grasp the idea and remove trust issues while learning.
Yup, I also find it more difficult to explain crypto assets to my dad and it is very tiring, than when I explain to my friends
haikalfahmi (OP)
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October 23, 2019, 02:38:33 PM
 #11


I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk. What do you think about finding people like that and how will you react to them?


We could NOT please all people in this world and people will always have different ideas, opinions and thoughts on something, and Bitcoin is no exemption. As a popular cryptocurrency, Bitcoin seems to have become a polarizing object...either you like/love it or you don't. We don't have the responsibility to convince anybody to also like and invest with Bitcoin. Can you just imagine of the maker of Coke will one day forced all people to drink its soda drink? That can be a big controversial move or even an anathema because there are also many people who are die-hard drinking fans of Pepsi. The same thing with Bitcoin. People who are convinced that it is a big scam should be allowed to do so, convincing them otherwise can be a big waste of time. Now, if they can be interested somehow, I am sure they can find a friend in Google.
That's right, I can't please people, they have different thoughts, opinions, etc.
I don't force them to like bitcoin (it will be very tiring), but if they ask me about bitcoin or other crypto assets, I will be happy to answer what I know, and that is not the basis of coercion, after all, after they hear my answer, it is his business to believe or not. and I will not force my opinion on them either.
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October 23, 2019, 02:48:44 PM
 #12

i have never seen anybody say that genuinly. people who say it are either FUDsters trying to manipulate the minds of newbies for their own benefits or are newbies who are repeating something they have heard by the brainwashers.
in some cases when they say it they are targeting the altcoins which makes sense as a lot of them are indeed scams created for fast money grabs from the newbies who don't know much.

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October 23, 2019, 02:53:30 PM
 #13

It will be hard for us to convince people who are close-minded to believe in the positive effects and advantages of blockchain technology. We can't blame them since there are lots of people who are using crypto to scam and spread fraudulence. Let crypto speak for itself since it has proven a lot and has passed all the tests of time. Those people who are still doubting about it will realize that crypto isn't a scam when they witness the capability of the blockchain technology to change the economic situation of each country.
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October 23, 2019, 02:56:33 PM
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what do you think about finding people like that and how will you react to them?
I wouldn't normally find people expressing that opinion in my everyday life and if I did, I'm not sure I would do anything to try to convince them.  When I first heard of bitcoin I had the feeling that it was a scam, or at the very least that it would become worthless.  It seemed like some magical internet money, which is how it probably appears to people just finding out about it now.

Let people think what they like, because there are always going to be skeptics about crypto and people who will never get into it.  That's OK.  Bitcoin is certainly not a scam, but it's the kind of thing where you either fall in love with it or never end up understanding it and never use it.
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October 23, 2019, 03:02:23 PM
 #15

i have never seen anybody say that genuinly. people who say it are either FUDsters trying to manipulate the minds of newbies for their own benefits or are newbies who are repeating something they have heard by the brainwashers.
in some cases when they say it they are targeting the altcoins which makes sense as a lot of them are indeed scams created for fast money grabs from the newbies who don't know much.
Yes, sometimes I see that most groups on Facebook always tag and make people use their references (especially in the groups I follow), I don't blame them, but most of what I see they give references to websites which can be said to make personal profit.
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October 23, 2019, 03:06:07 PM
 #16

It will be hard for us to convince people who are close-minded to believe in the positive effects and advantages of blockchain technology. We can't blame them since there are lots of people who are using crypto to scam and spread fraudulence. Let crypto speak for itself since it has proven a lot and has passed all the tests of time. Those people who are still doubting about it will realize that crypto isn't a scam when they witness the capability of the blockchain technology to change the economic situation of each country.
yes, just like me who initially didn't really believe in bitcoin in 2016, and when I saw the price of bitcoin go up slowly I started feeling very sorry at that time
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October 23, 2019, 03:15:51 PM
 #17

I always find people who think that Bitcoin or cryptocurrency assets are busting money and sometimes there are people who always assume that investing in bitcoin is fraught with hacker risk.
on the other hand I cannot assume that their opinions are wrong, but on the other hand I cannot justify their statements.
I always think that people who have opinions like that are people who don't really know about blockchain technology, or they just read from one of the articles that happens to provide news about a "dark" case in bitcoin, so they often assume that bitcoin is a range against hackers and scam.

what do you think about finding people like that and how will you react to them?

This is very interesting statement, if they say that bitcoin is vulnerable to hacker risk then do they think that there money in the bank are 100% secure.  

Most of the people who don't understand the blockchain well will surely say this kind of statement but we cannot blame them as we cannot deny that there is a risk in placing your money in bitcoin or any crypto currencies. If I can find a people like this, there is only thing that I can say to them. Try it and see for yourself how secure it is if you just follow how to protect it and how beneficial it is especially the profit that they cannot get in storing their money in the bank.

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October 23, 2019, 03:17:15 PM
 #18

Any kind of investment is risky, and any kind of digital means of storing information (which, really, is what owning or having control of Bitcoin is, in a way) opens you to hacking risk. That's actually just normal and not in any way unique to Bitcoin.

What IS unique to Bitcoin to me is, and this is if you use it the way it's supposed to be used, that once you've lost access, there's simply no way of recovering it since no one else should ever have access to it.

It's more secure in that sense, but there is that 1 risk of you being the sole point of entry, if you die or lose access. That's the end of it.

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October 23, 2019, 03:28:19 PM
 #19

I ask them why. If they give a sorta long reasonable response, then I follow up what other information they know. Then I ask again why.

You can wing it from there and find out if they are just venting or ranting but not really interested in the technology.

As Satoshi put it "If you don't get it or don't believe it, I don't have time to try to convince you, I'm sorry."
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October 23, 2019, 03:29:34 PM
 #20

There are always people who doesn't feel like bitcoin to be the next big thing in this world. If i ask them what could be a bigger technology than blockchain, they can't as well think of any.  That should be their case when they know nothing about investing as well not even on any market. these are the kind of people who only thinks property and gold are the real ones. And it always end up with the argument like what if internet goes down. But i don't see that coming as well since the banking system also now is relying to Internet.

But what I do is show them the price of bitcoin since the start as its less than $1 and then look at what is its price right now and then tell me if its a scam.





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