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Author Topic: Thinking Bitcoin is Scam  (Read 821 times)
thesmallgod
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October 24, 2020, 06:33:49 PM
 #81

Just know that anyone that labels bitcoin being a scam have little or no knowledge about it. The majority of them were scammed by participating in high-yield investment programs and they concluded by calling it a scam. There is nothing that existed that does not face or have a major drawback. Even paper money has but it is better to focus on the positive rather than the negative ones

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October 24, 2020, 06:55:01 PM
 #82

Just know that anyone that labels bitcoin being a scam have little or no knowledge about it. The majority of them were scammed by participating in high-yield investment programs and they concluded by calling it a scam. There is nothing that existed that does not face or have a major drawback. Even paper money has but it is better to focus on the positive rather than the negative ones
^ Definitely right and you have a point right there. People who don't know what is bitcoin will always be scammed or next to be scammed.
HYIP investment that using bitcoin will most likely end up scam and then because they are using bitcoin they think that it is a scam. How about those Ponzi scheme using fiat that also an HYIP Ponzi scheme. They are also scams. Nevertheless, we can't blame them, instead, having a small correction to them will probably enlighten them from the fact and the truth that bitcoin is not a scam. 

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October 25, 2020, 01:58:32 AM
 #83

Until recently in the country Bitcoin is illegal but not banned by the government. I think bitcoin is not a scam, because until recently the price of bitcoin has always gone up from the start, so what makes you think bitcoin is a scam. i think people in my country not all know about bitcoin so little people invest

Bitcoin is not a scam.

We all know that but that is not just because Bitcoin pump in the recent days, weeks or months or years. It is a legitimate and the first decentralized cryptocurrency. The problem with those people is that when someone use it in a scam, people think that it is a scam, that project is a scam, that individual is a scammer, Bitcoin is just used.

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October 25, 2020, 02:29:46 AM
 #84

With a platform as big as Paypal, finally deciding to accept Bitcoin did have a big effect. It is proven that the price of Bitcoin continues to rise,
maybe many people who previously had doubts about Bitcoin, are now more and more convinced to buy Bitcoin. And those who didn't know
Bitcoin before, now starting to learn Bitcoin. I agree early adopters are very profitable, now people who think Bitcoin is a scam must have
realized the mistake. News Paypal accepts Bitcoin is currently a trending topic. And this has a positive effect on the crypto community.

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October 25, 2020, 03:11:33 AM
 #85

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 honestly don't think that most people feel that bitcoin is an illegal scam.  I do know that anyone who says this is in that majority of not knowing what they're talking about.  I do think there were also some people on the sidelines that didn't necessarily think crypto was a scam, but wanted some reassurance.  You are right though, PayPal ( and ironically because they are a scum bag company that does a lot of unethical stuff) bring a lot credibility to bitcoin and crypto and will only help drive it's adoption further.

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October 25, 2020, 04:18:23 AM
 #86

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.
Only primitive people don't trust with bitcoin have value and said scam because they can't know how to get money with bitcoin, I think some people not understand how bitcoin working because still not guide by some one else how to get profitable as investment in bitcoin. I know many people have get scam with investment project and give frustrated impact with never trusted any investment site anymore, but bitcoin have different with other where bitcoin is not investment way but as currency way for the future and have increasing value day by day.

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October 26, 2020, 03:45:45 AM
 #87

Newbies are afraid about bitcoin because they don't know about the process how it works even do not read the whitepaper of bitcoin.So this is a problem for them to deal with bitcoin.untill The process is understandable by anyone   where ever it get the acceptence it doesn’t profit bitcoin.

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October 26, 2020, 04:27:30 AM
 #88

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.
Lol those who thinks that way may change their mind or may think worst,But yeah this is one good news for all crypto users as the famous Online payment now adopted Bitcoin and some other altcoins as well.
so from here maybe little by little that PayPal users will soon try to learn and use crypto also and with that surely we will reach the top at last.
Newbies are afraid about bitcoin because they don't know about the process how it works even do not read the whitepaper of bitcoin.So this is a problem for them to deal with bitcoin.untill The process is understandable by anyone   where ever it get the acceptence it doesn’t profit bitcoin.
It is not newbies that we are talking here because it is PayPal costumer are the next target,though they maybe new in Bitcoin but with their trust and support to PayPal then they will consider crypto now.

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October 26, 2020, 04:35:49 AM
 #89

Yes, continue thinking it is a scam.   I hope the people that think Bitcoin is a scam continues thinking that as well because I am accumulating bitcoin every month as well. "Bitcoin is only risky to those who don't understand it"
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October 26, 2020, 04:55:22 AM
 #90

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.
Only primitive people don't trust with bitcoin have value and said scam because they can't know how to get money with bitcoin, I think some people not understand how bitcoin working because still not guide by some one else how to get profitable as investment in bitcoin. I know many people have get scam with investment project and give frustrated impact with never trusted any investment site anymore, but bitcoin has different with other where bitcoin is not investment way but as currency way for the future and have increasing value day by day.
There are people who trusted bitcoin but also get scammed and they thought it's the BTC's fault due to scammers who use BTC as an asset. That's the reason why there are plenty of people who distrust cryptocurrency. I guess they should blame themselves for not taking any research about it and the process of investment to assure your income. Bitcoin is very complex, you should learn from others who have done well or gather knowledge about it.

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October 26, 2020, 07:53:10 AM
 #91

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.

Ignorance towards bitcoin can lead to that kind of mindset. They are thinking that bitcoin is a scam because they don't know how it really works.

Adoption is an evidence that bitcoin is not a scam.

Although we are really slow in achieving it, at least there are improvements.

Bitcoin is really profitable once you study and learn how to manipulate it in the market. It is an alternative investment when you already using fiat currency. Bitcoin is only a scam if bad people use it in their schemes and destroy the reputation of bitcoin in every crimes that they do.

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October 26, 2020, 10:32:01 AM
 #92

I think says bitcoin scam is those who have invested in bitcoin but they do not profit from it, but they suffer an enormous loss. As happened in 2017-2018.
When FOMO will bitcoin because they bought bitcoin when the price was above. After that, bitcoin dropped in 2018 uncontrollably.
Eventually, they lost a lot of money. But because knowledge of bitcoin is not much, they panic sell and cut loose. They shouldn’t have done that.

As for PayPal adopting bitcoin, it has proven that now more companies know that bitcoin and crypto currencies provide benefits and advantages if they know how bitcoin and other crypto currencies work.


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October 26, 2020, 10:38:40 AM
 #93

I think says bitcoin scam is those who have invested in bitcoin but they do not profit from it, but they suffer an enormous loss. As happened in 2017-2018.
When FOMO will bitcoin because they bought bitcoin when the price was above. After that, bitcoin dropped in 2018 uncontrollably.
Eventually, they lost a lot of money. But because knowledge of bitcoin is not much, they panic sell and cut loose. They shouldn’t have done that.

As for PayPal adopting bitcoin, it has proven that now more companies know that bitcoin and crypto currencies provide benefits and advantages if they know how bitcoin and other crypto currencies work.

The truth behind those haters are the fact that instead of gaining compensation after investing their money it turned to the other way.

People who lose their money due to lack of understanding that this industry
is not a venue for quick money making opportunities, those who treated this
system as ponzi scheme.

Such mentalities let them to fall with failures and now they are all hating the
existence of this system without properly learning the feature offers of this chain.

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October 26, 2020, 10:40:46 AM
 #94

Yes it's true that many people are thinking that cryptocurrency is a scam since a lot of scammers are around claiming investment in Bitcoin
but in reality most of the people doesn't just have enough knowledge how crypto works. It's complicated and not all people will going to adapt it.

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gabbie2010
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October 26, 2020, 11:23:14 AM
 #95

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.
Its very common to hear people's divergent view about Bitcoin, some of them who care to dig dip somehow became disappointed with its complexity according to those I interviewed attributing it to the technology as you rightly said however its took a lot of persuations to encourage those who claims that Bitcoin is scam to convince them that its real and not a HYIP or Ponzi scheme their beliefs is because of its price fluctuation.

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.Duelbits.
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mirakal
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October 26, 2020, 11:26:03 AM
 #96

Yes it's true that many people are thinking that cryptocurrency is a scam since a lot of scammers are around claiming investment in Bitcoin
but in reality most of the people doesn't just have enough knowledge how crypto works. It's complicated and not all people will going to adapt it.

ya.ya.yo!

you said it right, it's complicated but if they will accept it, they will understand it.
Of course not all people will adapt bitoin since the "centralization" would still win, we have a government, they govern the world.

In time, it may not everyone will adapt but at least we will see a lot of people will adapt which would result to the increase on demand of bitcoin hence increase of value at the same time.

.
.Duelbits.
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EdenHazard
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October 26, 2020, 02:32:57 PM
 #97

Yes it's true that many people are thinking that cryptocurrency is a scam since a lot of scammers are around claiming investment in Bitcoin
but in reality most of the people doesn't just have enough knowledge how crypto works. It's complicated and not all people will going to adapt it.

ya.ya.yo!
Lazy thinker would cut the shit when you try talking and explain about bitcoin and just walk away.

Those kind people are crying now realizing how it has bright future with a lot of mainstream platform adapted it in massive way.
I never in that position to think bitcoin is just a scam since the first day i know about bitcoin , you know what? Because I'm the one who looking for bitcoin and looking for its benefit .

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plvbob0070
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October 26, 2020, 03:48:17 PM
 #98

I don't think those who say that bitcoin is illegal and a scam will care at all even if PayPal will allow buying/selling bitcoin. If ever they will hear or see about this news, they will probably just ignore it since, in the first place, they don't like nor care about bitcoin. What is just wrong is thinking that bitcoin is all about illegal or a scam when it's not. Although we know that it's a common misconception people think about bitcoin, it still needs to be corrected.

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finaleshot2016
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October 26, 2020, 04:23:22 PM
 #99

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.

People who only believe and trust Bitcoin will only be rewarded. We all know that it's hard to please people no matter how Bitcoin would show its potential and we can't do anything about that. Since we know that Bitcoin is legit and is continuously developing, I guess we don't have to force those people to believe its capability.
Agree, those who believe will gain profit as long as you have the knowledge required on this. It's hard to trust cryptocurrency due to scams and fake investments but if you have the guts to learn the capabilities of cryptocurrency, you deserve to be part of the community.

Crypto has a lot of potential and opportunities that can give to people, they should know that.

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October 26, 2020, 07:17:19 PM
 #100

Maybe when they think bitcoin is a scam because they have the same views as other online businesses such as hyip, mlm and others. But when they found out if this bitcoin was a technology they definitely wouldn't have thoughts like that. It's a little complicated what to learn from bitcoin and that's the reason they don't want to know bitcoin in more detail.
Experience is part of that thought.

And as you say, they probably have invested in those schemes and suddenly it turns out to fall and their money was run by those owners. They have given up early and don't want to be part of it anymore.

The thinking is they could possibly be scammed again even if it's the actual and real bitcoin they will hold.

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