Thinking Bitcoin is Scam

[Ridwan Fauzi]

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.

Many chances for bitcoin to be known by most people in this world, bitcoin is like new technology, in the early there will not many people who think this is a usesless thing and they should avoid it, moreover with money matter they will reluctant to try having it. But, technology is technology we can't live without it now, as you can see there is many new technology which help and make easier human life. This is will do with bitcoin, we just need a time to make bitcoin to be known by most people although there will be a government who will at least deterred everyone from starting to use it.

[GeorgeJohn]

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.

Their is no two ways about it, doubting people who their emotions is that bitcoin is a scam, it's here I realised that if you are not informed you are totally deformed, because those who try to castigates the images of bitcoin are not informed about Btc, therefore their ideas or suggestions shall see as a contribution of novice cryptocurrency especially bitcoin transactions and investment's.

[ReiMomo]

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.

Paypal never cares about bitcoin, they always care about their business and want to manipulate people's fund by enforcing to have KYC.

People who think that bitcoin is a scam are those people who don't know how bitcoin works. Bitcoin is just a digital currency that prone to abuse, just like fiat currency that I guess also may abuse by someone else. Bitcoin possible to use in a scam but those victims usually lack knowledge. For me, I don't see bitcoin is a scam because I know who are those scammers not just because of bitcoin itself.

[plast555]

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.

Illegal and scam are two different things. people who think Bitcoin is a scam are dumb. but assuming crypto is illegal without knowing that specific country's law and regulations about bitcoin is even worse.
Bitcoin is indeed illegal in some places as Govt don't like (for obvious reason). but now it is changing. people using it without caring about it's legality. and Bitcoin is Decentralized. so govt can't stop people to use it.
and only those early adopters will take benefits who still hodling it. those who sold their bitcoins are probably regretting now. or will regret forever. and 2nd thing. it is still not very late people can still adopt bitcoin and cryptocurrency. buy and hodl.

[wxa7115]

  They said bitcoin is a scam, but we don't think so. If you can see, the crypto industry is growing rapidly, so let them say what ever they like but we know that crypto as a whole is taking over the world.

While it is obvious they are mistaken I think it is a mistake to have the attitude of just letting them say whatever they want without a response, if people were scammed and the scammers were using cryptocurrencies then they have all the right to be mad.

But we need to counter with the argument that the ones that scammed them were the people behind the scheme that eventually took their money and not bitcoin, it does not really makes sense that people blame bitcoin for the scam as when people get scammed with fiat they do not blame fiat currencies, so this is a case of misdirected anger.

[sapnu]

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.

Their is no two ways about it, doubting people who their emotions is that bitcoin is a scam, it's here I realised that if you are not informed you are totally deformed, because those who try to castigates the images of bitcoin are not informed about Btc, therefore their ideas or suggestions shall see as a contribution of novice cryptocurrency especially bitcoin transactions and investment's.

Indeed, I can say that scam and illegal are different. We all know that illegal is not authorized by the law while scam is an act that deceiving people to satisfy their own wants. There is no point in thinking that bitcoin is a scam, there are lots of people that have that kind of thinking. If you try to really understand, there is an opportunity for you to make a profit because of investments, as long as you are well-knowledgeable.

[BuNga_cute]

In my opinion, if someone thinks that Bitcoin is a scam, it is likely that the person is not knowledgeable about Bitcoin. Or that person
really hates Bitcoin, I will explain a little about why Bitcoin is legit in my opinion. Because several countries have started legalizing Bitcoin,
and only a few are banning Bitcoin. And also Bitcoin has begun to be accepted by several large companies, one of which is Paypal. Isn't it
that Paypal won't accept Bitcoin if it's a scam. Think about it with your logic, surely you will find the fact that Bitcoin is legit.

[tanjiran]

In my opinion, if someone thinks that Bitcoin is a scam, it is likely that the person is not knowledgeable about Bitcoin. Or that person
really hates Bitcoin, I will explain a little about why Bitcoin is legit in my opinion. Because several countries have started legalizing Bitcoin,
and only a few are banning Bitcoin. And also Bitcoin has begun to be accepted by several large companies, one of which is Paypal. Isn't it
that Paypal won't accept Bitcoin if it's a scam. Think about it with your logic, surely you will find the fact that Bitcoin is legit.

we really can't force other people to trust bitcoin. it depends on the understanding of each. we only need to provide education, that bitcoin can be used properly and provides benefits, even though there are downsides related to certain individuals who use it for illegal activities.
I agree about PayPal, it is impossible for a company as big as PayPal to carelessly related to the use of BTC. so don't worry, adapt well by understanding the risks in BTC.

[Dsdaq]

it’s because of the pump-and-dump scheme, the likes of which the world has never seen. Especially the recent ones like the defi that's why people think crypto at large is a Scam.

[LogitechMouse]

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

Your first sentence is wrong already.
What is your basis that most of the people think that Bitcoin is a scam and illegal?? It will depend on how they introduced it to them and if they did a research on it.

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.

Maybe for those people who saw Bitcoin being used as a tool for scamming and for those people who see Bitcoin being used by criminals then maybe they see it as an illegal thing but for most of the people who are involved in crypto for quite some time already, we know that it isn't a scam at first place. Regarding these companies who are supporting it, its expected already. The crypto industry is booming already and its being known by many people already and in order for them to get some profit at least, they will integrate it into their business like what Paypal did. Holders are now happy .

[Raflesia]

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.

Paypal never cares about bitcoin, they always care about their business and want to manipulate people's fund by enforcing to have KYC.

People who think that bitcoin is a scam are those people who don't know how bitcoin works. Bitcoin is just a digital currency that prone to abuse, just like fiat currency that I guess also may abuse by someone else. Bitcoin possible to use in a scam but those victims usually lack knowledge. For me, I don't see bitcoin is a scam because I know who are those scammers not just because of bitcoin itself.

In KYC on Paypal it has been a long time ago, even for the benefit of their personal data who want to make transactions on Paypal.
Paypal is now eyeing Bitcoin because of its many uses and that's all of course with the analysis they made before allowing the sale/buy in paypal.

However, the fact is that people with no knowledge will perceive it as a scam because they are deceived or have no definite experience.
All types of fiat and digital money have been abused by fraudsters even in the real world, many have done it so I ignore the news and will remain positive about the use of bitcoin in the future.

[Shasha80]

Naturally,  many people think that Bitcoin is a scam, because there are still many who don't understand and know Bitcoin.
Even I, who have known and studied Bitcoin for more than 5 years, still don't fully understand Bitcoin. Especially regarding
the technical part, because I really don't have a basic programmer. Moreover, many politicians and the media provide misleading
information about Bitcoin, and also many scammers who use crypto to commit fraud, which is what makes Bitcoin look bad.
So our job as a crypto community must promote and educate many people, so that many people get the correct information
about Bitcoin.

[gamer4156]

Bitcoin can never be a trick. The individuals who manage tricks have no information on bitcoin and their nation has not been legitimized. Organizations that have put resources into it can likewise be misled the crypto market Bitcoin first spot on the list. Bitcoin has no negative effect on its utilization and exchanges are vastly improved if the crypto market isn't steady regardless of whether there is a distinction in cost if the interest builds bitcoin will increment once more. The individuals who have caused a benefit by putting resources into Bitcoin to can never consider it a trick.

[Debonaire217]

Even the adoption of PayPal for me isn't actually the best improvement I can say, they are offering bitcoin transactions but they own the private keys of the wallets you are using, I am already clear, bitcoin is not a scam, people that use bitcoin in negative ways are the scam. What bitcoin is providing us is the freedom to take a path whether to use it accordingly to its white paper, or to deceive people in a way that we show them how to support it but in fact, we just want to take control of it by being one hell of a big financial system to regulate bitcoin.

[Oshosondy]

They called bitcoin a scam but they missed out of the bitcoin bull runs, some people's life would have changed supposing they have bought bitcoin some years back. Bitcoin is now accepted by many electeonic payment companies like Neteller, Skrill, and very soon will be included in PayPal, many banks are now working towards adopting bitcoin. If now someone still stand and saying bitcoin is a scam, it is obvious that the person knows not of what he is saying and being foolish.

[Darkelf11]

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.

We can't avoid that thinking, there will always be some people who are not fond of using bitcoin. One of the factors why is because of a few platforms who disguised itself as a legit site and scams people. Ofcourse it will deal a great damage to the image of bitcoin when some people choose to use and stain the name of that cryptocurrency. Also, learning is always complicated and it applies to studying the cryptocurrency, you should be focused on one goal and have more patience to know everything about bitcoin.

[Boov]

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.

Even on first time i heard where i really dont know what the word cryptocurrency is, i thought that maybe it was one of the scam scattered in the social media. Well until i have opened this to my friend and luckily he knows about what cryptocurrency and then here i am now part of this forum, one of the living witnessed the worth of cryptocurrency. Though bitcoin wasn't still in the legal system, going through a process of legality i still hope one day may come that the world may accept this digital currency as part of economic growth of each every nation.

[Dorodha]

Investors in Bitcoin can never call Bitcoin a scam because they know the use of Bitcoin and it is a much more profitable currency than other currencies. Investors in Bitcoin who have no idea who the losers are are deceived into being scammed. You need to know and learn about Bitcoin first many people publish misinformation in order to scam in which case you need to know about Bitcoin by doing market research yourself so that there is no fear of being scammed.

[lifeforcepools]

Yes, I also see this as another step towards public recognition of cryptocurrencies. But unfortunately this is not the last step.

[xSkylarx]

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.

There are reasons why some people think bitcoin is illegal. Like my parents who are born before the internet, they think it's a scam because it's not tangible and can't be used somewhere. I can't blame them because even if you explain it to them, they will find it difficult to understand. There are others too who become a victim of a scam so they only think of bitcoin as a scam. We should not be gatekeeping or belittle those who hate bitcoin instead we should enlighten them that it is not and it has a lot of benefits in the future.