Crypto is a scam

[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.

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[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 .