Thinking Bitcoin is Scam

[Crptomagma]

The era when people think negative of bitcoin are long gone. Yeah bitcoin is being used as a means of collecting funds from people by scammers just like every other currency in the world. That’s why it is advisable to be sure of who you deal with in times of bitcoin transactions as the currency remains anonymous and decentralized. Many fall victim to scammers and their funds lost because of selfishness and lack of information about bitcoin scam activities. The world is becoming a global market and people are deriving ways to make money from the internet both in negative and positive ways.

Many people in some parts of the world are yet to know about bitcoin and many are still scared to invest in bitcoin because of its volatility. We live in a world where people capitalize on good things/names to extort or duped people of their funds or valuables and these can be found in almost all sectors of the world not just bitcoin. Scammers are everywhere so we don’t blame it on bitcoin.

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[raidarksword]

Only people think bitcoin is scam are those people who have no idea about it and lack knowledge about crypto currencies. Some greedy people used bitcoin in illegal ways that's why it's inevitable bitcoin image is being dragged down and getting negative reviews from scam victims and innocent people. As paypal news, it's another milestone achievement by bitcoin that being considered and adopted by one of the biggest online payment platform in the world.

[acener]

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.

Most people? I don't even know how many people really knows about Bitcoin or crypto and how many of them owns or hold crypto on their wallet.
So we couldn't assume that most of the people thinks that it is a scam or illegal but we could say that some of them thinks about it.
And early adopters already have their profit they could either take them or just hold it and wait till they need the funds.

[jamesde]

No, it's not a scam. You can see people everywhere talking about it, so this isn't a scam. Many individuals have invested in bitcoin in the past and are still investing to earn profits here. It is a physically free digital currency and you can make a direct transaction without any government or bank control with the other bitcoin user.

[Distinctin]

Don't believe these people who think that Bitcoin is a scam. They actually don't know yet what it Bitcoin, what they say is just their own affection, they don't have any proof to say it right.

Did Bitcoin scam you? The wrong here is not Bitcoin but the person which is the scammer used the name Bitcoin to fool innocent people, offering big returns, and lose their money. And the bad thing is that they put blame on Bitcoin, not the person who did this.

[ololajulo]

No, it's not a scam. You can see people everywhere talking about it, so this isn't a scam. Many individuals have invested in bitcoin in the past and are still investing to earn profits here. It is a physically free digital currency and you can make a direct transaction without any government or bank control with the other bitcoin user.

You might be disappointed that most people calling bitcoin scam have huge investment in cryptocurrency, no one can tell me bitcoin is a scam after my experience with it. At the moment while Jack Dorsey(as a top technology billionaire) showed his investment in it, Paypal's adoption and many institutional investment. This can convince more investments and adoptions.

[3meek]

Bitcoin is a working technology, such as the Internet or mobile... And if people do not know or do not understand the principles of bitcoin, they can not call it scam! This is very stupid!

[Xinarae*]

Bitcoin can never be a scam. Those who deal with scams have no knowledge of bitcoin and their country has not been legalized. Companies that have invested in it can also be scammed the crypto market Bitcoin top of the list. Bitcoin has no negative impact on its use and transactions are much better if the crypto market is not stable even if there is a difference in price if the demand increases bitcoin will increase again. Those who have made a profit by investing in Bitcoin can never call it a scam.

[FlightyPouch]

Now that Paypal has that, I think more and more people will be acknowledging what bitcoin has and it is not actually a scam as they think it is. Some will continue to think that bitcoin is still a scam even though Paypal accepted it, and I think most of these people still calling bitcoin are those people that are jealous of where we are right now.

[goldade]

It's absolutely normal for people who are ignorant of what bitcoin really is to claim bitcoin is a scam. They obviously do so simply because they are not aware of its advantages and the benefits it offers.
One should also note that some of those who claim bitcoin is a scam are those who bought when the price of was very high back in 2017 or so and sold panicky thereby losing money. They must have thought "this investment is a scam, I lost money"
However, it is an fact that bitcoin is not a scam. Bitcoin has been for more than a decade and revolutionizing the financial system of the world one step at a time. Sooner than later, bitcoin will be adopted massively in the mainstream world and eventually even those that see bitcoin as a scam will admit it is real and genuine

[adzino]

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  most people think that bitcoin is illegal or  a scam. Only "few" people believes that it is a scam and others that think its illegal knows nothing about their law I guess.

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.

Yeah, it is going to help more people get exposed to bitcoin, but I don't think it will make some huge changes. I mean, you can literally do the same thing with coinbase. Buy and sell crypto and use it for making payment. Now if only paypal provided something more unique. Maybe, something like you will be able to pay in every merchant/shop where paypal is accepted. Like they instantly convert your money to fiat and pays them. Oh, I also have some doubts on price being reasonable.

[mezzaluna]

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.

I'm still gonna call it a big move for Paypal since that is a right thing to do that no banks have ever done. Integrating Cryptocurrency within an International payment system is a big opportunity for Bitcoin to show what they can do. Lets just hope that it will be utilized properly and be used properly.

[CODE200]

Bitcoin is a working technology, such as the Internet or mobile... And if people do not know or do not understand the principles of bitcoin, they can not call it scam! This is very stupid!

But that's the reality. Those who are more knowledgeable with this industry in general, do like to label Bitcoin as scam, simply because they know nothing about it. Also, from what I observed, those people who are calling this technology a scam, are those who invested and who did not, which expectations are not met. The first impression from investing to cryptos or Bitcoin, as their term for all cryptos, is an easy profit probably due to what happened before when its market price started to increase which gave huge profit to those who held their Bitcoin for years. The moment wherein Bitcoin reached its ATH is a big time event for those who were able to buy Bitcoin at a low market price, perhaps in year 2013. This more likely gave them the idea that profit will come in an instant or that profit is guaranteed by just investing into Bitcoin. And ofcourse, we are aware that things will not come as easy as it may sound.

[finaleshot2016]

Bitcoin is a working technology, such as the Internet or mobile... And if people do not know or do not understand the principles of bitcoin, they can not call it scam! This is very stupid!

But that's the reality. Those who are more knowledgeable with this industry in general, do like to label Bitcoin as scam, simply because they know nothing about it. Also, from what I observed, those people who are calling this technology a scam, are those who invested and who did not, which expectations are not met. The first impression from investing to cryptos or Bitcoin, as their term for all cryptos, is an easy profit probably due to what happened before when its market price started to increase which gave huge profit to those who held their Bitcoin for years. The moment wherein Bitcoin reached its ATH is a big time event for those who were able to buy Bitcoin at a low market price, perhaps in year 2013. This more likely gave them the idea that profit will come in an instant or that profit is guaranteed by just investing into Bitcoin. And ofcourse, we are aware that things will not come as easy as it may sound.

Who aren't*
Of course, those who don't have any information about cryptocurrency will take it as a treat in finance. Ignorance will definitely make anything a bad thing 'cause it doesn't have an idea what it is and how does it work. Most of those educated people who even have small information about finance and technology will take crypto seriously and will see its potential. Those people who really trusted cryptocurrency are obviously those who stayed for a longer time or day-one investors.

[coolcoinz]

Let me add some logic to this thread. If there's a scam there has to be a scammer, right? Who would the scammer be in case of Bitcoin? Satoshi?
When you give a statement try to support it. You said most people think it's a scam? Any way to prove that? I don't know a single person who think it's a scam. I know people who think it might be unstable and crash to 0, but nobody who thinks it's a scam.
Also, PayPal is only a company. It doesn't legitimize Bitcoin.

[mersal]

There is a common myth among ignorant people which is bitcoin used by hackers and illegal activists and that can be broken if people started using their PayPal crypto money to buy things. But don't forget that paypal is at risk of getting hacked now because huge amounts will be stored in their integrated wallet and if the funds were stolen then there will be no refund to the people which can get backfired to the bitcoin itself.

[Mahanton]

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.

I cant deny into this insight where people do think off that Crypto is something illegal and to those who ignore it on the past might really be having already their second thoughts
that will might changed up their own views and insights towards bitcoin or the entire crypto market.Its the reality where people cant really just directly believe into things
because they do decide to stick on whats been mainly trusted all over the years.They are closing up their mind without tending to accept new ideas and innovation
that do exist but now adoption is on the move and did really prove something out.

[Fatemablabla]

Thinking bitcoin is a scam is gone way far in 2017-2018. Now only a few people think that bitcoin is a scam, mostly know this is a digital asset. But the reason behind the issue of people investing in BTC is it's an unstable price. Normal people can't predict bitcoin's price. They see it is going up and down all the time. For that, they feel like it is a scam and afraid to invest.

[Alert31]

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.

Only those people who doesn't believe and doesn't know about bitcoin can say that bitcoin is scam. Bitcoin is already more than ten years of existence and it was use not only as investment but also as payments methods. A lot of development in bitcoin had already done and there are already Bitcoin ATM in other places. It was very useful in many ways and it will become an alternative source of income during the pandemic. How could you say that it was a scam? Just learn more about bitcoin and tell to others what you have learned.

[taufik123]

Bitcoin is not a scam, scam or other ponzi scheme. Bitcoin is a digital asset that is not protected or regulated by any authority. People who consider bitcoin a scam are people who don't understand what bitcoin is.

-snip- paypal users has already huge amounts of money in their accounts. I don't think it changes much after accepting Bitcoin. users can change their holding into Bitcoin other than that there wont be much difference. maybe some new users join paypal as they might think storing bitcoins in paypal would be more secured.

Paypal users can only buy and sell bitcoin within paypal and are not allowed to make crypto withdrawals out of the paypal platform. Trade also uses US dollars, there won't be much difference. It's just that the adoption of crypto in paypal is only another payment option that is integrated with crypto. There is no safe place to store crypto when we don't have full rights to the wallets we use like paypal. Paypal does not allow users to hold their own keys. It is best to store in our own personal wallet with full control so that it will be our own responsibility as asset owners.