Let's Say Bitcoin is scam

[Imran232]

If anyone says bitcoin is a scam, then I just tell them to turn around and then I will kick off their as* and tell them to go to h***. It is my currency, and it is a currency for the world. It's financial freedom for me and for the world. It's an investment assest for me and for the investors. So what do you expect from the things that they provide? This is a thing for everything related to finance and for everyone. It does not matter which category, proffesion, or position you fall into. It's for everyone. So my dear friend, don't tell anyone it's a scam. because it's a thing that changed my life.

[Slow death]

Bitcoin is not a scam, it is a good project that has a potential to change the way we do our financial transactions today. Bitcoin is a pioneer in the crypto industry and there are other good projects solving some different problems.

honestly I don't know how anyone on this earth would believe in something as nonsensical as saying that bitcoin is a scam when we see clearly how this project is a great genius, there are dozens of good projects in this crypto market that prove how this market is something fantastic. I currently don't hear anyone speaking ill of this market because hundreds of companies and the rich are already in this market because they saw the potential and legitimacy of this market.

[Davidvictorson]

I would ride this line of thinking that you have with bitcoin. If it really is a ponzi, then one sign of its impending collapse would be the disappearance or the massive sell-offs of the mining machines that people are using to create new bitcoins. Those ASIC miners have little versatility within them that repurposing them for other coins is not really viable. Next, you would see exchanges closing off and huge amounts of bitcoins being transferred or offloaded somewhere. Most of these exchanges would file for bankruptcy to get something off of their exit plan.

The market would be the last to know if this 'scam' is going to end. It will be started by institutions who built tens of millions of dollars worth of infrastructure around it, then the exchanges, then you, if all of it is already collapsing on its own since the giant pillars are already out in this game.

Hysteria is the word in the worse case scenario of bitcoin being a “scam”. While it might take some folks 3- 8 months hypothetically to pull out their assets, the “skeptics" would never. They would rather buy more coins believing that it’s a hoax and it will end.

[Assface16678]

Even in the worst case scenario, I don't think it will fall to the point of disappearing easily, as there will be a large group of fans who believe in bitcoin

If its a scam its long gone from the point when the creator makes profit but as the years go by it is still standing strong. I never ever saw a scam that profits the victim.

[geegaw]

Even in the worst case scenario, I don't think it will fall to the point of disappearing easily, as there will be a large group of fans who believe in bitcoin

If its a scam its long gone from the point when the creator makes profit but as the years go by it is still standing strong. I never ever saw a scam that profits the victim.

Maybe you avoided the black book and didn't become a victim and bitcoin becomes your pride but many people are official victims, bitcoin becomes their disgust and condemnation, however this story is not the malice of bitcoin, bitcoin as well as a game by the developers, it is not meant to be a scam, it provides an environment, scam is the play of investors, they know the advantages and exploitation as well as the developer has randomly opened such a path. The scam is just a conflict in aspects and opinions, Bitcoin is only the broker in this conflict

[haasanjui]

It is launched about 11 years ago but still I don't hear any complaint of Bitcoin. It is trusted platform for investors. There are some scammers in Crypto Market who scam innocent users we can't say that Bitcoin is scam.

[chichigirl]

Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!

I don't see it as a scam.Bitcoin exist for how many years and there are proofs that it is good in gaining some profits in trading. I really don't see any reasons that bitcoin will be done someday because bitcoin is still popular until now.

[Shenzou]

if bitcoin was a scam wouldn't you think that by now people would haven't figured it out by now, if it was a scam wouldn't it creator has gone and used his coins to get profit from it at some point, now in the worst case scenario that i can think about that could bring bitcoin down is if all the countries come together and agree on banning it so all companies related to it would go out of business and its price would start to go down and people will start selling it until it crashes.

[Zilon]

Let's just it is scam
How Long from Today we have left until Bitcoin will be done?
Let's say its scam we know today so how long we have time until it collpse?
Just humble speculation Let's play out the worse case scenario hope for the best prepare for the worse!

I love the game but assuming it was truly a scam
How long would it take to devaluate
If it was a scam how come the government never succeeded in banning it
If bitcoin was really a scam why are banks keep some reserve
If truely Bitcoin was a scam El salvador wouldn't have thought of making it a major legai tender.

Bitcoin is an eye opener to the revolution coming upon Earth space and it would really be absord if many even after the success bitcoin has achieved in just 11years of existence still lose of this opportunity

[Tashana]

I have never thought about this problem, because Bitcoin has derived more products and can even form an ecosystem. If it is a scam, are so many super tech geeks and investment institutions in the world all fools?

[donaldlloyd]

If bitcoin was a scam (IT IS NOT) then it still would have not been the rage it is now. You would ask why. Well, it’s because the people who believed in it at the initial days and are earning huge amounts, would be the ones incurring huge losses, but they aren’t.

[Luzin]

Are you making this bad news to buy at low prices? Many people talk like you but the BTC community is still going strong. As long as the trustworthiness of blockchain technology and its perks I'm not sure BTC will be a Scam. I think this is just the beginning, it will grow bigger. Mass adoption will make a transaction revolution. Just look at El Salvador, he dared to legalize BTC for payments, then there was news that Ukraine wanted to follow. That's one proof that more and more people believe in Bitcoin. So I don't agree BTC Scam

[zanezane]

I have never thought about this problem, because Bitcoin has derived more products and can even form an ecosystem. If it is a scam, are so many super tech geeks and investment institutions in the world all fools?

Not just that but also the fact that the long-term hodlers and people who have invested big money should've been duped by now because bitcoin was just an elaborate ploy to scam millions of people with their money.

[Dhoe]

if you say bitcoin is a scam, maybe bitcoin will explode from the first, from the beginning there may be someone who is at a loss, and no one will ever want to invest in bitcoin, but the proof is now bitcoin is very popular, and many companies have accept bitcoin, there are even countries that have legalized bitcoin, if someone says bitcoin is a scam, surely no one will believe it..

[taufik123]

if you say bitcoin is a scam, maybe bitcoin will explode from the first, from the beginning there may be someone who is at a loss, and no one will ever want to invest in bitcoin, but the proof is now bitcoin is very popular, and many companies have accept bitcoin, there are even countries that have legalized bitcoin, if someone says bitcoin is a scam, surely no one will believe it..

If someone says bitcoin is a scam right now, you can be sure that person has never known about bitcoin or has invested in bitcoin but has suffered huge losses.
Bitcoin or cryptocurrency has a big risk, therefore investing in Bitcoin must have basic understanding and knowledge about how to manage assets in crypto.
Everything can be a scam, depending on how they view it.

[Ridi]

I don't think this sentence is true. Because of some people who thought that Bitcoin is scam doesn't mean Bitcoin is really scam. Bitcoin is best platform many people earn from Bitcoin it helps to many. See scamming is everywhere in every platform.

[kanayaTabitha]

if you say bitcoin is a scam, maybe bitcoin will explode from the first, from the beginning there may be someone who is at a loss, and no one will ever want to invest in bitcoin, but the proof is now bitcoin is very popular, and many companies have accept bitcoin, there are even countries that have legalized bitcoin, if someone says bitcoin is a scam, surely no one will believe it..

It's just a speculation game and anything could happen in cryptocurrency, even the professional bitcoin and cryptocurrency traders always warn us to invest money that we can afford to lose that means there are no guarantee that bitcoin could disappear anytime.
What if it's really happen, do we ready for that moment or we still rely our financial economic to bitcoin / cryptocurency ?
We all hope that won't happen but it's not bad to prepare the worst case

[Issa56]

Why will you say bitcon is a scam, don't you think is funny you calling bitcoin a scam. Bitcoin have been in market since 2009 which as at then it worth less than a dollar today bitcoin is $47k if bitcoin is a scam do you think it will survive the market since then. Don't you see other coins which are unable to survive the market and they are not even scam coin. If bitcoin is a scam it will have been dead by now.

[BITCOIN4X]

If someone says bitcoin is a scam right now, you can be sure that person has never known about bitcoin or has invested in bitcoin but has suffered huge losses.
Bitcoin or cryptocurrency has a big risk, therefore investing in Bitcoin must have basic understanding and knowledge about how to manage assets in crypto.
Everything can be a scam, depending on how they view it.

Bitcoin has never fooled anyone and has never scam anyone, but people can use bitcoin to fool others and deceive others in various ways. This is tantamount to abuse of bitcoin in illegal activities and ponzi investments. It is unnatural to blame bitcoin as an asset that should be held responsible for the lack of user knowledge and abuse by scammers. If anyone says it's a scam, then they really don't understand this technology properly. If there are, don't feed them.

[Murtaza345]

No bitcoin will never be scammed, because bitcoin is now created big hype in the whole world ,and afte us dollar bitcoin is the second world most popular currency,and now there are many biggest multinational companies have been involved in the bitcoin so if anyone says bitcoin is scam it's sononsance.
And online world bitcoin is one of the most famous currency,and you can see near future the world Will be excepted bitcoin like ud dollar so no need to worry about bitcoin,and bitcoin is my most favourite currency for reading.