Crypto is a scam

[Bill buffalo]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

[bhadz]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

If it is a scam then why this?

I have a stolen bored ape yachts club nft it's worth $65000  but am willing to sell it for half the price

NFTs are also cryptos and part of the ecosystem so, if you're telling that it's a scam then you should get nothing out of it. But am I reading it right that you've stolen one? Not gonna ask how you'd do it or if it's for real. But going back to the point saying that crypto is a scam and with all of that gap between the rich and poor, there's always a boundary in each market that won't be favorable to each of us.

[rat03gopoh]

The gap will always exist even without crypto. Remember that crypto can't change your financial level by itself. It only helps you break boundaries if you're looking for opportunities in the wider business space. Again, you have to try to find those opportunities yourself.

[sheenshane]

I tend to agree above of my post.
Though it has the potential to offer new opportunities and break down certain barriers, it's not a silver bullet that can automatically uplift everyone's financial situation.

The very important in this field are skills and knowledge so that you will not get scammed.
Because scammers are commonly there of those who offer potential financial opportunities.

[Fline Han]

Is Crypto a Scam?

The balance between the rich and the poor has always been there, even if there were a free source of financial freedom, some folks would still remain poor because they wouldn't learn, and they wouldn't put to work what they have learned (if they manage to learn). Cryptocurrency's attempt to bridge the gap between the poor and the rich in my own opinion was successful because many have taken the opportunity to scale up their status while others waste away valuable resources because they are looking for a get-rich-quick scheme, they follow the advice of people that may not have the experience and capacity to predict the market with precision.

[TheUltraElite]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Fiat currencies have their own problems - Bitcoin was created to solve those problems. It was never meant to solve the rich-poor divide.

Crypto is not a silver bullet to poverty. It is money and it is going to more in the hands of those who already have money or in other words the rich will remain rich and the poor will remain poor. To solution to poverty is a different topic of discussion. But to solve cenorship, centralization - bitcoin is your go-to currency.

If you think that owning crypto will turn you from poor to rich, you are mistaken.

[Bitcoin_Arena]

You are the type of people who rush to crypto thinking you will become miraculously Millionaire overnight without even putting any much effort yourself and then after a reality check, all of a sudden, crypto is scam.
The purpose of Bitcoin was to make you have complete control over your money. Now whatever you do or how you become rich is all on you.

[hugeblack]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

All projects that claim this are scam. None of the Bitcoin developers promised that you would become rich, and everyone says that it is a payment system without the need to trust a third party, and no one mentioned the issue of wealth and poverty.
I do not think that we will reach a world in which everyone is happy and rich. This is the world and there must be a distinction between classes, but in the worst cases, there should be no meaning in obtaining the basics, as any individual can, with simple effort, obtain a home, warm food, and clothes, etc. In the form of a job or support.

[lixer]

Is Crypto a Scam?

The balance between the rich and the poor has always been there, even if there were a free source of financial freedom, some folks would still remain poor because they wouldn't learn, and they wouldn't put to work what they have learned (if they manage to learn).

Not balance though, because I think there are more poor than the rich. But there might be a reason on why it's like that. We already know why actually. Bitcoin is an example of financial freedom but it does not mean that each poor are now going to get rich when they use it.

It's true meaning is actually to transact freely and to have a currency that we totally own, which are free from manipulations ( inflations ). You shouldn't judge poor people easily and say that they don't learn or work. Many does that actually. But it's just there is some kind of force that prevents them to change their financial status. This why many can say that being rich, also has to do with being lucky.

[tabas]

@OP, you're wrong. The main point of crypto which started with Bitcoin is all about transfers like remittances(P2P transfers) and from there, you'll not be able to justify about the gap and of rich and the poor because there's no thing such as that comparison you've mentioned. Do you have something where you're pulling off this disappointment of yours? Like the fees of btc transfers now aren't cheap and this makes you think that there's something wrong with what you believe? If you're the type of guy that believes that you'll be an overnight rich guy because of crypto, gone are days that you'll able to do so like being one of the earliest adopter of Bitcoin. But even the early adopters of Bitcoin, many of them didn't thought on how big it will be this time.

[MainIbem]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Crypto is like a game for the smart people and if you aren't smart and ready for it I don't think you will be among those who will make money from cryptocurrency, also have this in mind that your lose is another's benefits while your benefits is another man lost, it depends planning if you sets yourself properly you would see that it's not scam rather a game of survival for the fittest so you have to map out when is good for your investment and when to take profits because I can understand that those with little or no experience will call it scam.

[goldenmonke]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

crypto is not a 'scam.' e.g. btc is a permission-less way to transfer value. there is of course speculative price activity in this relatively new domain.

[bluebit25]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Can you be more specific? I noticed a lot of this user's posts express judgmental opinions without explanation. What would you think if someone called you crazy or a scam? ,bad things that aren't sure about you but they keep making that assessment.

This space has both positive and negative things, but rather that assessment is determined and imposed by people themselves, what do we seek from it, yes but the goals in mind and This is like a playground for everyone to show off their abilities. I have also encountered a lot of dissenting opinions in this space, but I don't like to follow one-sided trends without any basis. It only causes more misunderstanding than sharing useful things.

[m2017]

You are the type of people who rush to crypto thinking you will become miraculously Millionaire overnight without even putting any much effort yourself and then after a reality check, all of a sudden, crypto is scam.

Unfortunately, this happens to many people when their cherished desire to become a millionaire immediately after buying a couple of shitcoins doesn't come true. Once they got into shitcoin, such people begin to think that all cryptocurrencies are scams.

Not all cryptocurrencies are garbage and among them there are decent coins with good potential. Just need to be able to discern these diamonds in a mountain of shit, which not everyone can do, especially beginners.

The purpose of Bitcoin was to make you have complete control over your money. Now whatever you do or how you become rich is all on you.

Bitcoin is truly unique and stands out from other cryptocurrencies. In skillful hands, this financial instrument provides unimaginable opportunities. And in the inept, of course, even bitcoin will turn out to be "Crypto is a scam".

[TheUltraElite]

I guess the OP started their journey on the get-rich-quick path and go washed away quickly, which is obvious and hence for them, it all seems like a scam. A very childish way of thinking but a primitive and feral one indeed. If they had applied the logic they would see that crypto was never meant to make the rich poor and the poor, rich. It only helps bridge some gaps in fiat currencies properties which lead to problems.

With proper background knowledge crypto can be used easily and with great effects. But if you are only here for the riches, then you are in the wrong place.

[vennali]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

I would consider this an argument if you posted some facts and figures or at least some examples along with it. It's just a generic statement. I hate 20 degree C weather, unfortunate that someone likes it.

[decodx]

Crypto itself is not a scam.  It's a new technology that could make finance more fair and available to regular people.  But like with any new thing, there's always folks looking to take advantage for themselves.  But some people see crypto as a get-rich-quick scheme, which gives the whole thing a bad name.  People like you specifically. They are a real scam!

[ghost424]

Imagine posting on the Bitcoin Forum just to spite people. Hahaha bro, they will eat u here alive. Most people here have created a living out of cryptocurrency and its only a matter of time that it is accepted well into establishments.

[hugeblack]

With proper background knowledge crypto can be used easily and with great effects. But if you are only here for the riches, then you are in the wrong place.

Such concepts are fueled by YouTube channels. Search for Bitcoin/cryptocurrencies and you will find that synonyms for these words are always linked to positive income, how to become rich, how to achieve $100 an hour and other false promises and dreams that beginners believe and soon find themselves losing everything.

[criptoevangelista]

Apparently you only live in the past, you have to start looking forward... Remember that today you can buy satoshis for a cheap price...

Always remember that in the future the mining reward will be less than 1 BTC.

So you can already imagine what will happen, right?

[virasog]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Well, it is how you think about it. Let's see on the macro perspective, with Fiat money, the government keeps on printing it and those on the higher authorities keep enjoying the free printed money. With Bitcoin, this cannot be done as its supply is limited and if you want to have a lot of bitcoin BTC, you need to buy it from the market at the current market prices. This means that Bitcoin does not have inflation. and hence you can see the difference quite clearly.

However, don't think that crypto will be evenly distributed between rich and poor, you need to have skills, business or any other form where you have the money to invest in crypto. Just like you have to work for paper money, you need to work for bitcoins too but the difference is that your bitcoin will be valuable over the period of time while fiat money just depreciates with time.

[milewilda]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Well, it is how you think about it. Let's see on the macro perspective, with Fiat money, the government keeps on printing it and those on the higher authorities keep enjoying the free printed money. With Bitcoin, this cannot be done as its supply is limited and if you want to have a lot of bitcoin BTC, you need to buy it from the market at the current market prices. This means that Bitcoin does not have inflation. and hence you can see the difference quite clearly.

However, don't think that crypto will be evenly distributed between rich and poor, you need to have skills, business or any other form where you have the money to invest in crypto. Just like you have to work for paper money, you need to work for bitcoins too but the difference is that your bitcoin will be valuable over the period of time while fiat money just depreciates with time.

Usually these kind of lines came from into those people who dont appreciate nor really that even aware on what cryptocurrency is or simply they had really that lost up huge or bigtime into their investment and this is why
they would really be saying up such things on which it is really just that obvious that they would really be saying up things on witch on the things that the do have in mind. Its a  common approach and its a common
words with those people who didnt been able to slurp up some profits on this crypto space. Scam on the sense that they had been experience scams literally. Just like been said that just let them be able to realize
those things ahead on their own and sooner or later they would really be just jumping in again into this market just because they have realized something.

Crypto is a scam on which you would say and it would really be just that normal that you would really be having those thoughts if you werent that been informed
on what crypto is or just basically molding up those words on which you are really that believing into something which it isnt really
even true.

[Bushdark]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

I think you are misunderstanding something since you don't have concrete idea about cryptocurrency. Those that invest in cryptocurrency and are very patient are the ones that would profit from the market. Not everyone is ready tominvest in cryptocurrency and not everyone has the money to invest so sometimes they think that crypto is just for a particular group of persons. We need to keep that thought under the carpet.

[ultrloa]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

I think you are misunderstanding something since you don't have concrete idea about cryptocurrency. Those that invest in cryptocurrency and are very patient are the ones that would profit from the market. Not everyone is ready tominvest in cryptocurrency and not everyone has the money to invest so sometimes they think that crypto is just for a particular group of persons. We need to keep that thought under the carpet.

Its understandable their frustration towards the whole crypto market especially if they lost a lot from it. But they should consider their mistake made while investing on crypto since they would not lose their money if they just do right decisions and to acquire proper knowledge about crypto. Those people commit a lot of mistakes usually do a shortcut on investment since they think crypto is easy for them and they just need to buy low and sell high but sudden unexpected came they lose and now they act the same with OP.

I can say that crypto is not for everyone so research is important here and only those hard working people will get the real benefits of this industry. Those people want easy money will surely collapsed then quit easily.

[MFahad]

Crypto is a technology made by humans for other human's convenient, Crypto and Bitcoin itself cannot be a scam.. now it is on people that how they choose to use them. some people used them for good purpose and some people use them for scamming others, but those scammers should be blamed not crypto. if we blame a currency because people use that for scamming people then it won't be fair.
now speaking of the gap between poor, and rich, I think that gap was also made by humans. and crypto cannot remove that gap unless we don't want to.. I think that gap will be here forever because that became part of human nature now.

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

I think you are misunderstanding something since you don't have concrete idea about cryptocurrency. Those that invest in cryptocurrency and are very patient are the ones that would profit from the market. Not everyone is ready tominvest in cryptocurrency and not everyone has the money to invest so sometimes they think that crypto is just for a particular group of persons. We need to keep that thought under the carpet.

Well said. Patience and ability to take risk are very important to gain profit in crypto. without them it is very difficult to survive in crypto.

[jpbh81]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Crypto is more than that, is an idea, project, master plan .... whatever you want to call it, something mathematical and logical, crypto is freedom, freedom equals peace so the Op's I guess he just want some 5 minutes attention.  Sometimes it is better to get the information from the right source and not this 2024 social media content, it is an innovative technology that you can search through github or whitepapers.

[DapanasFruit]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see.

I don't think that is really THE goal of cryptocurrency based on the things I learned so far from the very vision of Satoshi Nakamoto though anybody can have a program or a project using cryptocurrency for that certain goal but so far those type of projects never made a light in the market. Even if all Bitcoin will be distributed among all the poor, it will never make a big difference at all to bridge the gap between the rich and the poor as there is no simplistic solution to this global problem knowing how complex human nature is and the dire situations many people are into. Now, am interested to know what are your good ideas to address the poverty problem.

[JustineCollins09]

Do you really know how much is the average transaction made through each crypto currency? you will find out how you are wrong. It looks like you lost your money in it with bad decisions

[Ravichnadra]

Well i think its 50/50

But to be fair I too lost a fortune when I invested.

I can't say its a scam. but it's all luck that favors.

[boyptc]

The gap for what?

Crypto is meant not to be like that. There's much more and better reason why crypto has been started and even before the popularity of it has risen, there were the same concepts in the past that have been seen and made.

People really have to change their minds and understand more things clearly when they all assume that it's always about the money why crypto has been made.

[cute nmp]

Even thought there are lots of scams,I cant believe the fact that many people say anything related to cryptocurrency is completely scam can anyone give me a solid reason to believe it . Wish someone can because there are so many things in crypto that are real and legit .

[Samlucky O]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

People make it to be so.  what is ment to be simple, becomes difficulty due to over analysing and emphasising and gradually becoming the opposite side of what you explained.

[Reatim]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

You are free to say anything you wanted but at least make some good point because you are accusing the market that you are trying to make money , even asking for a loan here in crypto market but calling it a scam meaning you make yourself a scammer too?

if this is a scam place then you should never deal with this so you will never be part of scamming.

[peter0425]

Do you really know how much is the average transaction made through each crypto currency? you will find out how you are wrong. It looks like you lost your money in it with bad decisions

I think this is more appropriate to say , sometimes our own decisions made us losers but just to clear our mind we are looking for someone/something to blame on and yeah this becomes the crypto but in reality we are the one to blame.
Losing money in crypto is not the end but just the beginning for us to try more and create new strategy as we have all experienced failure , and for me you cannot be called investor if you don't experience losses.

[rodskee]

Well i think its 50/50

But to be fair I too lost a fortune when I invested.

I can't say its a scam. but it's all luck that favors.

well in a short thing Gambling and investment are brothers , you need Luck to earn or win so I
agree on that , and about scam ? yeah there is small part but not that 50/50 i may say 30/70 because
what is the result of our action is reflected of our attitude.
most are  losing because of greed and sometimes because of lack of knowledge .

[Volimack]

There is nothing between the rich and the poor to be involved in crypto. Just as there are opportunities to lose money there are ways to recover money these must be mastered through proper research. Crypto is not responsible under any circumstances there will be scams in all workplaces. How to avoid losses and prevent them you have to find the right strategy and invest. Investing in the right place has less risk of loss.

[Pi-network314159]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

What do you actually mean? Are you trying to say Bitcoin was made for the rich? I think Bitcoin was even made for the poor or the common man. because there was no place recorded that Bitcoin is for some set of people. Bitcoin mission was to eradicate financial crises and also a store of value those who believe and saw the future it holds where the people that hold and majority where the common man who believe one day they will be rich and decide to hold it while the rich took advantage of the poor when they start seeing that the dream of the common man have started manifesting. That is how the power was taking away from the poor and the rich made it more expensive because they started buying in bulk and creating scarcity and demand became high.

[moneystery]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

where do you get readings like this that crypto was created to reduce the gap between the rich and the poor?

crypto was actually created to facilitate transactions between users wherever they are, for example, bitcoin, with a fee of only $2, you can send any amount of funds to other people, apart from that bitcoin has also been used as a protector of asset value.

in short, crypto was created not to make you rich but to make you rich and make you your own bank.

[kotajikikox]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Not because the process or system does not comply to your desire and your expectations meaning it is scam,it is still on your plans and your actions.
Gap is always there because the world must have rich and poor ,there must be master and slave and if you cannot carry having that then create your own coin or create your own world.

[cute nmp]

It depends on how you do it ,Crypto has made make many people millionaires and vice versa don't know why people viewed it as a scam while it is not .Invest wisely and you will definently make a lot of profit from it .

[bitterguy28]

It depends on how you do it ,Crypto has made make many people millionaires and vice versa don't know why people viewed it as a scam while it is not .Invest wisely and you will definently make a lot of profit from it .

Let him have it man , it is His own perception but look at him staying in Bitcointalk , now who is the scam? bitcoin or OP? 

Thats what happened if people can't get what he wanted and yeah will blame the market and that is a normal scenario from those losers who thought this market is an easy ticket of becoming rich people and they got nothing but failure.

[Thy7ace]

That where the learning aspects comes in most people just want to earn in this crypto space without having good knowledge about it which is sad. True that it's shows the different between the rich and the poor. But still doesn't change the fact that you can become successful through this space at first take your time and learn and finds the part you are good at and base there. You would surely no that is no scam doesn't some projects can't be used as a scam

[BADecker]

Crypto is one of the scams that will bring down the corrupt fiat banking system.

[Mehedi72]

If so then there are many platform where people can trade and make money. like forex market, stock market and others. Do you think these are also scam? Actually there'll be always difference between rich and poor. A person can't be rich without develop himself more than other. A crypto will give you opportunit,y, allow you to hold or keep altcoins in wallet and you can sell whenever you want. So it will totally depend on you how you would like to manage crypto.

[Fatema Begum]

No never crypto still now alive and never scam crypto but some crypto currency related project are fails and got scam project is scam not crypto scam,,

[MissNonFall9]

I'm sorry I can't agree. I would never be where I am today from nothing if crypto was a scam. Crypto will only be a scam if I can not properly apply my conscience skills and intelligence. Again crypto will be scammed only when you expect money from it without doing any work.
It is possible to earn more than expected and stay away from crypto scams by applying the right intelligence staying away from greed maintaining and applying skills. There is a saying in economics, don't put all your eggs in one basket. By following this policy it is possible to stay away from crypto scams.

[bitterguy28]

What are you talking about? of course you can not expect someone with much resources and someone with none perform a miracle and level the playing field but crypto has still made it possible for a not so rich person to try and improve his or her lifestyle or economic status,, i dont know what you want crypto to do there are always rich and poor people and the poor will always be chasing down the rich guy whether we like it or not and the poor guy all can do is to make wise decisions and make sure he becomes the rich guy someday

[peter0425]

No never crypto still now alive and never scam crypto but some crypto currency related project are fails and got scam project is scam not crypto scam,,

It is not the whole crypto that scams you but mostly it is you that allows them to scam you because of your attitude and your desire in crypto earning .
How much you wanted to earn and how long you need to keep .

I'm sorry I can't agree. I would never be where I am today from nothing if crypto was a scam. Crypto will only be a scam if I can not properly apply my conscience skills and intelligence. Again crypto will be scammed only when you expect money from it without doing any work.
It is possible to earn more than expected and stay away from crypto scams by applying the right intelligence staying away from greed maintaining and applying skills. There is a saying in economics, don't put all your eggs in one basket. By following this policy it is possible to stay away from crypto scams.

maybe OP is a complete loser that is why he kept blaming crypto with it.

[corel]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

This is because scammers will get in everywhere

[R1dwanRz]

The whole point of crypto was to make the process even the gap between rich and poor unfortunately it is doing the opposite quite sad to see

Well to be honest crypto is created to have all control over your funds and you decide what you do with.
And you have to think it's real life as well. Because you won't get rich overnight. The key is to learn about different projects and invest wisely to make money. if crypto was a scam, people would have abandoned it long time ago.

So learn things around, you can do airdrops to get your started with little funds and turn that value into thousands with research and of course with your blood, sweat and tears to it.