Why most people think Bitcoin is a scam?

[BITCOIN4X]

~snip

Its hard to convince people who disagree with us and I think its just as difficult to change the mindset of the troll around the forum. Basically they will think that bitcoin is a scam attempt (if they never know about bitcoin at all), but for those who insist on saying bitcoin is a scam then they will never deserve to be and adopt bitcoin as an investment asset or a very valuable asset.

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[Toracee]

Bitcoin has been around for 11 years now, with a large ecosystem of exchanges, wallet providers, and apps behind it. There are now many governments recognizing it as legitimate, bringing a large number of investors into it. For just a short amount of time since its inception, I'd say that Bitcoin has achieved extraordinary results. While all of this sounds good, most people still seem to believe that Bitcoin is a scam or not worth their time. For instance, Warren Buffet criticizes Bitcoin telling that it'll become "worthless" over time. It's these negative comments, which make people sceptical about using Bitcoin and cryptocurrencies as serious money for day-to-day payments.

No matter how crypto-enthusiasts try to convince people to believe that Bitcoin is legitimate, everything seems to be the same. I'm starting to wonder why most people have this kind of mentality towards Bitcoin? After all, the pioneer cryptocurrency is being traded at legitimate exchanges. Even some governments have been collecting taxes from Bitcoin. But that hasn't changed people's minds about it. What are your thoughts?

What I have seen so far is that a lot of people that have heard about Bitcoin never take time out to study how it works. Lack of understanding about Bitcoin is their major issue. They will keep assuming in their ignorance until the whole world massively accepts Bitcoin.

[LimLims]

It doesn't cost anyone to say anything.
They just randomly give opinions on random matters.
There are also some people who can't figure out the deeper meaning of an object until and unless they use it.
This is also the same case for Bitcoins.
90% of people who says Bitcoin is a scam, i bet haven't used Bitcoin for once also.
They doesn't knows how the cryptos work or what are the benefits from it.
Nevertheless there will be an era come when BTC will be respected by each and every people in the society.
Best of luck to us.

[2double0]

Warren Buffet criticizes Bitcoin telling that it'll become "worthless" over time.

Warren Buffet is a historical trader, but that's what he will become - a history while Bitcoin is the future of money, and that future is now and forever. Warren buffet is worried about the traditional system that old guys have set up to rule us, and Bitcoin is here to rule them out. We should not justify anybody about Bitcoins because its price and the network speaks for itself how strong and secure can this crypto ecosystem be!

[coolcoinz]

Who are those people that you're talking about? Remember that it's not the one who screams the loudest that we should follow, but usually that calm and slow one, who shows confidence and wisdom. The mainstream media are loud, but they lack merit. They repeat the same thing over and over and you feel like it's the stance of the majority. It is not!

[peterpanda]

There is a lot of people around the world who are not familiar with bitcoin and for this reason they call bitcoin as a scam coin.

[suzanne5223]

Bitcoin has been around for 11 years now, with a large ecosystem of exchanges, wallet providers, and apps behind it. There are now many governments recognizing it as legitimate, bringing a large number of investors into it. For just a short amount of time since its inception, I'd say that Bitcoin has achieved extraordinary results. While all of this sounds good, most people still seem to believe that Bitcoin is a scam or not worth their time.

News travel fast especially the negative one and things are easy to destroy but hard to rebuild despite all the negativity it good that some governments was captivated by the beautiful potentials of bitcoin and i dont think we should expect all of them to give in so fast.

For instance, Warren Buffet criticizes Bitcoin telling that it'll become "worthless" over time. It's these negative comments, which make people skeptical about using Bitcoin and cryptocurrencies as serious money for day-to-day payments.

People like Warren Buffet wont make good statement about bitcoin because he's the owner of Berkshire Hathaway and it a multinational conglomerate company which mean bitcoin will definitely affect some of his investment if he publicly support bitcoin.

[desticy]

Bitcoin is a quiet technology, and quite complex. Any new technologies are much more easily assimilated by the younger generations, while the old ones try to bypass them. I am sure that among those people who consider bitcoin a scam, a much larger number of people of age than young people will prevail. Ignorance rules our world, but as conditions change, so do people's judgments. Bitcoin by its existence proves that it is not a scam, the longer it exists, the more people will be sure of it.

[Om.monata]

because many common people don't know what bitcoin is, if we say to people who are on crypto networks, they must say that 100% bitcoin is not a scam and instead gives a profit. So I thought maybe this is an opportunity to introduce them if bitcoin is not a scam and bitcoin is still profitable

[Zionatin]

People who think bitcoin is a scam are foolish. It is like blaming a hammer for a murder. A hammer is just an object. Bitcoin is just a payment method. A person decided to murder someone with the hammer. The hammer cannot think for itself. Same with bitcoin. Someone decided to take advantage of people and steal their funds. A scammer will scam you out of anything valuable. It doesn't have to be money it can be other things too. These people have no shame remember. Whenever something is bad or wrong there is always a human involved. Blame the problem on the people not on things. Exactly the same with drugs. Blame drugs & alcohol all day long the end of the day its the drug users/alcoholic fault if they do something wrong.

[Gotumoot]

The reason why they think that Bitcoin is scam because they always hear about it being used as a scam tool or misguided about it and having a wrong information.
They don't know what Bitcoin is and doesn't seems to acknowledge it so they would just simple think of it as scam.

[Zemomtum]

When you say most people, it sounds as those who embraced Bitcoin is among. Those category that calls it a scam are the affected one of those whom the technology still remain a mystery, all in all, eyes has began to open into the reality and revolution that blockchain brought to us.

[FlightyPouch]

People started to think that bitcoin is a scam when the local news reported that an individual is scammed using it. Even if it is twice reported being related to scam, peoppe would think it is a scam since it is in the news. Another thing might be the fact that it is a decentralized crypto currency.

With anyone behind it, people think it is a currency made to be a bubble that would explode soon.

[dimastegar]

No matter how crypto enthusiasts try to convince people to believe that Bitcoin is legitimate, everything seems to be the same. I'm starting to wonder why most people have this kind of mentality towards Bitcoin? After all, the pioneer cryptocurrency is being traded at legitimate exchanges. Even some governments have been collecting taxes from Bitcoin. But that hasn't changed people's minds about it. What are your thoughts?

I think only some people think Bitcoin is a scam. The funny thing is, they are people who don't understand at all about crypto.
But I emphasize once again, that not everyone thinks Bitcoin is a scam. Because now the number of people entering the crypto world continues to grow. Slowly but surely, I believe negative thoughts about Bitcoin will disappear.

[verita1]

I think most people hold their opinion that Bitcoin is a scam because there are malicious actors who commit illicit acts with the idea of ​​filling their bags with Bitcoin. But it is no secret to anyone that it is a technology that requires a basic knowledge and that it must be handled with caution, especially volatility.

[MainIbem]

"Seeing is believing"!

In my opinion, the above belief is the reason why some people, rather than most people, still don't believe in bitcoin. Bitcoin is 100% virtual. You don't see it. Neither can you touch it. The wallet you keep it is virtual so people who believe in what they see find it difficult with bitcoin.

[ethereumhunter]

"Seeing is believing"!

In my opinion, the above belief is the reason why some people, rather than most people, still don't believe in bitcoin. Bitcoin is 100% virtual. You don't see it. Neither can you touch it. The wallet you keep it is virtual so people who believe in what they see find it difficult with bitcoin.

Maybe their minds can not accept if they can not see the opportunity, so they think that bitcoin is a scam. If they can see and use the benefits of bitcoin, they will know that bitcoin can be their option to make money, and they will still use bitcoin without thinking about the scam news out there. It is how we can open their minds to accept the new thing and realize that they can now make money from the internet.

[affandi]

It seems that there are still many people who believe more in the centralized nature of banking, which they think is easier and safer and protected by the government. but let them, we as a community who care about the future of Bitcoin should be more focused on the development of cryptocurrency technology (especially Bitcoin). I am sure, those who hate bitcoin will slowly realize that the technology that bitcoin has is very useful.

[Yatsan]

The reason why most people think that Bitcoin is a scam is because they choose to believe on that ideology being set and said by the government, the banks and even the mass media saying negative thoughts about Bitcoin and the whole cryptocurrency  industry as well. They have been planted the idea that engaging into Bitcoin and other cryptocurrencies will tolerate scams and even money laundering and other related stuffs. It is because it is a new idea that they do not understand and choose not to explore further which makes them think that it is a scam. The general thought and idea circulating in the society for those who do not truly know what Bitcoin is, becomes a generic idealization that upon hearing Bitcoin and other cryptocurrencies they always relate it to scam. Maybe it is duly because other people who have tried and got victimized by scams have testified the thought which is somehow true because they engage without knowing anything and have taken advantage by the scammers around and that serve as generalization to them which is partially true but not all. There are scams but there are still legitimate ones and that can be proven if you will explore further. But since the idea have been set into the negative one, the people tend to think that cryptocurrencies as a whole including Bitcoin is a scam.

If only that idea would be corrected, people will surely reconsider and will take a chance to engage into Bitcoin and prove to themselves that Bitcoin is not really a scam, the scam is the people doing the scam schemes and not the crypto itself.

[raidarksword]

People who doesn't have knowledge on bitcoin are those mostly saying that bitcoin is scam but people like us here we are hundred percent is pure legit. Only bad people making bitcoin a bad name to the community and future investors. Bitcoin is merely a victim from greedy people want to take advantage of it and it's straight facts. Despite the negativity, bitcoin still growing and expanding the adoption throughout the globe to continue the ideology of embracing the future of digital currency.