Thinking Bitcoin is Scam

[HunyB]

As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam. But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin , Etherium , USDT and etc. So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.

[1715303488]

1715303488

[pooya87]

As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam.

i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.

But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin

unfortunately that is not proof of anything. case and point they added shitcoins alongside bitcoin. for example we all know bcash is a fraudulent project, ethereum is centralized and mutable, Tether is owned by a shady company that has never been able to prove the tokens they keep printing is backed by actual USD,... and yet they added them to their platform just like any other cryptocurrency exchange would just for the profit.

[tbct_mt2]

It is time to invite you listen to the music on Youtube: https://www.youtube.com/watch?v=-hlN2nel5HI

How many times bitcoin was said it is dead? After more than 10 years and many times like that, Bitcoin is Bitcoin, it is here. It is not dead and will never be dead.

Bitcoin is not a scam coin. Never. People who are scammers can try to abuse bitcoin, its name, to scam investors but Bitcoin is bitcoin and not a shit coin or scam coin.

[maydna]

It is normal if people think that bitcoin is illegal and scam, especially if they try to invest in bitcoin in 2017-2018 when the price is high. They say that after seeing the bitcoin price jump to the lowest price, they don't imagine seeing that price. And that moment, they lose big money in bitcoin because the bitcoin price is down deeper. So they said to other people that they know about bitcoin is a scam, and I already lose my money.

If they can learn more about bitcoin, the price will not always go up, but the price will always fluctuate, and if they understand that, they will not say that bitcoin is a scam. And now, with  Paypal announce a new feature to buy bitcoin from the member's account, I think that can give people an understanding of bitcoin. Hopefully, that can attract more people to join in bitcoin, and crypto can grow more.

[Casdinyard]

As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam.

i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.

Bitcoin is a scam to those people who are that knowledgeable to this technology but to us who are more inclined with it, ofcourse we value its advantages more than them. People often call it as "fraud" or scam because it does not meet their expectations of easy profit. We all know here that the market value is naturally volatile, thus profit is not always guaranteed especially during bear market situations. The situation nowadays are quite not the same but there are differences already.
More companies are accepting cryptos as mode of payment which establishes trust in this technology.And also, there are still issues being observed by other governments to not adapt to such technology.

[romero121]

As of now we have very small user community for bitcoin usage compared to the fiat usage. This means bitcoin is slowly widening its market and slowly big players are getting into the cryptocurrency usage as investment and on other needs. People find it hard to understand the cryptocurrency in the very beginning. Whenever one tries to learn about bitcoin, surely one will go through the history of bitcoin. Here one will get to see more form of illegal activities done using bitcoin and more other scams. Maybe for this people understand it as a scam.

There are more other cryptocurrencies that existed prior to bitcoin, but for some reason they aren't available in the market anymore. If bitcoin hasn't got its real-time usage or if it is a scam, now this could've got out of it usage. Bitcoin is legit, but some use it a way to scam. It is good to understand, analyse and use it.

[kentrolla]

When BTC was launched people were busy speaking that this is a new techniques of scammers, when gradually it started to grow they said it's a new technology let's see how it goes.

After all when it went over the moon in 2017, all started worrying. This is nothing new people are always there to speak negative of every stuff, it's always better to research on our own and plan accordingly rather than trusting others.

[davis196]

As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam. But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin , Etherium , USDT and etc. So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.

It is true that having a big company like Paypal in the crypto world adds some credibility to the big cryptocurrencies like Bitcoin and Ethereum(even though I'm not a big fan of Paypal).
However,FUDsters will remain FUDsters and Bitcoin haters will continue with their preaching.
Most the Bitcoin users,who were scammed in the past know,that they can't blame Bitcoin for the fact that they were scammed.Scammers will exist forever,it doesn't matter if they are using Bitcoin or fiat.

[Upgrade00]

There really is no intelligent argument which suggests the Bitcoin is a scam. Lack of understanding of a particular technology does not mean it is a scam, the only people who hold and spread this fud are the government and probably others who regret not buying bitcoins, and PayPal adoption of cryptocurrencies would not change this idea. There is a chance it would help educate those who do not fully understand Bitcoin technology, but these profit oriented companies would give the version of Bitcoin they want their customers to know, a centralized payment system, which is as convenient as managing fiat.
Most people and establishments have been relatively skeptical about bitcoin, as is natural with any new technology especially a monetary software system which functions as an alternative to the norm.
One of the issues with adoption of Bitcoin by centralized platforms, is that it can be dropped very easily should a government launch their CBDC, and users who only adopt Bitcoin when it is convenient would as easily switch to operating the blockchain fiat

[Oshosondy]

How is crypto deemed illegal? Or how is bitcoin deemed illegal? Well, some countries do not legalize bitcoin, but many countries legalized bitcoin, that is why bitcoin ATM which is obvious and increasing daily, having more than 11000 bitcoin ATMs in the world now. Only few countries did not legalize bitcoin. Most countries in Europe, Americas, Australia and Africa legalized bitcoin since many years back, and bitcoin is getting stronger.

Even, without PayPal making moves to make bitcoin, ethereum and litecoin as a payment form on their platform, cryptocurrencies had been deemed very legal, that does not mean I will even make use of the service but it will let many people to be introduced into crypto and increase its adoption.

When BTC was launched people were busy speaking that this is a new techniques of scammers, when gradually it started to grow they said it's a new technology let's see how it goes.

After all when it went over the moon in 2017, all started worrying. This is nothing new people are always there to speak negative of every stuff, it's always better to research on our own and plan accordingly rather than trusting others.

Ignorant people will surely think bitcoin is a scam, also people that no nothing but only misleading other people will say it is a ponzi, while bitcoin was non of these, it has only just been the first successful decentralized currency that is now a great asset to the world.

[mk4]

i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.

It's still somewhat true. People calling bitcoin a scam and a ponzi scheme are still around especially on Facebook, and also, I actually have relatives that look down on my interests and investments because they think I'm taking part in a pyramid scheme lmao. Though one thing's for sure, they're slowly but surely getting less. Unfortunately there are a lot of people that call bitcoin a scam solely because they're bitter that they missed out on the gains.

[pooya87]

i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.

It's still somewhat true. People calling bitcoin a scam and a ponzi scheme are still around especially on Facebook, and also, I actually have relatives that look down on my interests and investments because they think I'm taking part in a pyramid scheme lmao. Though one thing's for sure, they're slowly but surely getting less. Unfortunately there are a lot of people that call bitcoin a scam solely because they're bitter that they missed out on the gains.

maybe, but people on the internet saying something a lot doesn't represent what "most people" think. there is a lot of FUD campaigns against bitcoin so obviously we will see a lot of cases that are calling bitcoin this and that but it doesn't represent the majority. for example a lot of people were saying bitcoin will fall to $1000 not so long ago, that didn't mean "most people" or even those who were saying it believed it. it was just FUD.

[Nalbo]

Illegal and scam are different things. No one controls or could individually modify bitcoin, while anyone can join in mining and trading it. It's obviously not a scam. As of claim of bitcoin to be some sort of ponzi or pyramid scheme, we need to first realize that bitcoin is one of the most distributed currency. Not a single person have large enough of them to individually manipulate market. Though there are whale movements in every financial sector, bitcoin is much more distributed than any stocks or fiat.

[bL4nkcode]

What I only know people who keep saying that bitcoin is scam are those who are fan of ponzi scheme without having the actual knowledge of bitcoin and those bch and bsv fanbois.

Well, this is a desperate move of paypal having getting behind from square cash.

[Reatim]

As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam. But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin , Etherium , USDT and etc. So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.

remember that Paypal/crypto thing now assures nothing so far and we have to meet halfway before believing everything that it is a Adoption coming or ETC.

Paypal is yes a popular online Money but not all its users will trust Bitcoin or other altcoins so it will take time to be felt by everyone inside cryptoworld.

Illegal and scam are different things. No one controls or could individually modify bitcoin, while anyone can join in mining and trading it. It's obviously not a scam. As of claim of bitcoin to be some sort of ponzi or pyramid scheme, we need to first realize that bitcoin is one of the most distributed currency. Not a single person have large enough of them to individually manipulate market. Though there are whale movements in every financial sector, bitcoin is much more distributed than any stocks or fiat.

yeah i think OP is exaggerating here about in title it is Scam and then it was Illegal and two different thing.

[verita1]

What most people think about Bitcoin is a very diverse thought. It can be many things such as that people do not know how to use it due to technology and there is a lack of knowledge and disinterest in Bitcoin. The prohibition in some countries but that will be left behind. Paypal is recognized worldwide and will offer its users to obtain Bitcoin in its tool which will mean more users of Bitcoin and crypto.

[Karartma1]

One of the issues with adoption of Bitcoin by centralized platforms, is that it can be dropped very easily should a government launch their CBDC, and users who only adopt Bitcoin when it is convenient would as easily switch to operating the blockchain fiat

If I read you correctly are you implying that once a central bank digital currency is going to be implemented that would be the end of bitcoin? What do you mean that (bitcoin) can be dropped very easily? No CBDC can replace the very characteristics which make bitcoin and its protocol special. CBDC will be an entry in a SQL database

[lovesmayfamilis]

Perhaps all the negative reviews that are attributed to Bitcoin are part of the illiteracy of those people. Bitcoin is a very complex technology, and for many, it seems very difficult to understand. And of course, to understand Bitcoin, you must first study it.
Without literacy in cryptocurrencies, you can make a lot of mistakes, this will include errors with money transfers and incorrect storage of keys. And, as always, it happens when people lose something, they tend to blame anyone else, but not themselves. Having lost a significant amount in bitcoin, many people stop believing in it and call bitcoin a fraud and a bubble.

[proTECH77]

Bitcoin is a decentralized currency worldwide.
Those who think bitcoin is a scam and not legalized in any where in the world, are  those who don't know anything about BTC. Many thought bitcoin will not last more than 5years  which bitcoin is more than 9 years now and it is dominating all over the world to assist all bitcoin community to grow and develop their businesse.
Cryptocurrency has improved in another danmention by introduce PayPal account that got many that though cryptocurrency is a scam to them. Cryptocurrency is not a scam and it will never be a scam to crypto users because  most of the users took their time to do some research about cryptocurrency that make them believed  that cryptocurrency can never be scam any where in the world.
Those who is getting it wrong with crypto currency are those who don't have any idea concerning cryptocurrency.

[piebeyb]

how many people say bitcoin is a scam even often said to be dead, but bitcoin is still alive and there today, even bitcoin continues to get better every year, just look it looks like besides paypal maybe there are other companies that will join crypto currencies including bitcoin, I believe in the next few years bitcoin will be big