Is Bitcoin a scam

[coinlary]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Decentralized  nature
This is the major difference between  fiat and the bitcoin,  there's  no influence or control from authority  like government , no manipulation in transactions  or values everything done in bitcoin is transparency  as full  nodes could be run by anyone,anywhere anytime without hidderance  and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.

In fiat everyone is subjected to the power of governmentand its agencies,  the supply ,circulation are always influenced by their Monetary  policies.

Supply
Bitcoin  has a specific fixed supply of 21M coin which will ensure protection against  every  from of devaluation , beside there's  a smaller  unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings  about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

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[The Cryptovator]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it. 

[seoincorporation]

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.

And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

[AVE5]

I'm not in support to say anyone who has relied or the fiats is a slave to the fiats. Please let's not find anyone who's not a fans or an adoptor of the bitcoin to be adamant to good life. Let's just say they're missing a lot of good services and potentials which bitcoin has to offer. If we get so grieving with people who're in doubt of bitcoin, there'd also be ways they'd be grieved eiths sis for not believing what they also insights about other varieties in life.
Remember bitcoin is a decentralized digital currency which is non-custodian and not under control of any of the governments and the their authorities, so at the course, let's also be aware that there are not only bitcoin illiterates in the world but also illiterates to rh the digital schemes which means bitcoin is a digital currency for those in the digital world. Obviously not everyone are possible to meet up with the knowledge demands and lot of the masses feels bitcoin might not really be a scam scheme but they're in worries that whom would be questioned and hold responsible if any unwarrant transactions such as being scammed or lost of funds, who would they report to ? And who'll stand on the their behalf in getting to rh root of it?
These are how curious they're about in doubt of this bitcoin and its digital technology system.

[Odusko]

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.

And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

If having the basic understanding with the risk involved with bitcoin investment, you will know that you buy in was at a high price if you bought at $66,000 or above, and if there be a crash in the price of bitcoin because of bitcoin high volitility which is something we all have to understand before we decide to hold bitcoin and if the price crash I won't be declaring bitcoin as a scam since I still holds my bitcoin value in my wallet, and I will only lose if I decide to sell the bitcoin below the price I bought it.

[Rruchi man]

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

It is now no longer just funny but now it is just a pitiable situation because anyone having that kind of believe is clearly outdated with information and is clearly showing an actual absence in the ability to  check and verify whatever they know from the internet.

Do not stress yourself about this sort of individuals because if you have tried talking to them and they shown signs of belligerence you better let them be and focus on your own investment which is more important.

[serjent05]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

We can't avoid people thinks Bitcoin is a scam, they can hardly differentiate a company exploiting Bitcoin for their scammy agenda and the native Bitcoin blockchain system.  Many newbies especially those who relies on other peoples information without verifying the fact behind it are often subjected to this kind of idea until they do a research themselves and discover that they have been fooled by these scammy propaganda of people that they had trusted.

If anyone still thinks Bitcoin  is a scam then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Not necessarily a slave of the fiat system, probably because these people got swindled by a company pretending to be a Bitcoin company.  We had a lot of experiences like these in the history of cryptocurrency scams.

In short, due to the short-sightedness of people and being too lazy to know the actual fact, many are misled to believe that Bitcoin is a scam especially those who idolize known people who are against Bitcoin like Warren Buffett.

[PX-Z]

It's an internet magic money, you can't force them to know and learn how things are going on why it has value and why there are lots of users, businesses (small and big) and even big personalities international used them and have interest on them.
Those kind of minds have nothing but stuck only on fiat system, or they know nothing about money, or i say dinosaur thinking.

[TravelMug]

There will be always two sides of a story, but fortunately for us, we are in the side of BTC and so we have proven it already that it is not a scam. And just let those individuals who think that it is scam. And don't make it hard for yourself, this kind of individuals have their mindset close, maybe they are old and traditional investors or really just anti-bitcoin for that matter. It's not our lost if they don't believed in it. The most important for us is that it give us so many advantage, like economic and financial freedom. And now that we are in a bull run, this kind of attacks are going to continue so better watch out for it. 

[Majestic-milf]

 There's only so much one can talk about a scam project don't you think and for those who feel it's a scam are those who don't really know what it is or can't really define it or even differentiate between what's the main thing and what's not. For a long period of time now we've got people who feel that by accepting Bitcoin as a scam project or a waste of financial space will just make it fizzle out or something, thereby proving their beliefs are those who find it difficult to live with the fact that in some ways it's better than the traditional fiat.
 There have been influential people as well who have spoken vehemently about it, trying to dissuade the public from contracting the virus which is Bitcoin so they can have a bit of control over them like a puppeteer does his puppets and are furious that Bitcoin is showing them the light, so definitely you'd hear thrash talk.
If Bitcoin were a scam, I doubt that something as historic as the Bitcoin halving will always occur every four years cause it takes something that has depth to be able to achieve something as remarkable as that. Let the haters hate. Bitcoin will keep growing and surpassing beliefs till they have no option than to accept it.

[tranthidung]

To end all FUD attacks against Bitcoin, it is impossible but individually we can prepare knowledge for ourselves to be not affected by Bitcoin FUD.

Endthefud.org is a website for newbies to be enlightened with knowledge and be a stronger Bitcoin enthusiast.

It provides different categorical resources for learning
Energy
Justice
Bitcoin as money
Inflation
Control
Governments
Tech like Quantum computing.

Bitcoincleanup.com with its message "Bitcoin is already using clean energy.[/url]

[BD Technical]

Don't spoil yourself by saying these unsolicited words. Don't spoil the quality of your post because bitcoin will never earn you entire market depends on it.  In that case, digital marketing would not have done the whole market if bitcoin was not used.  And even though they are not common in our Bangladesh, in their country everything is investment, everything is called share market, which means everything is dependent on editing.  America America can never be too little.
I think the price of Bitcoin will drop very soon because I think the price of met may drop like it was going up in medicine because it won't take long to come down.  Still let's see if bitcoin grows then good for good market good for everyone.

[peter0425]

Is Bitcoin a scam

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

There are 2 type of human that call bitcoin as scam and those are?

Don't know bitcoin but just hearing from news- they are those people that only listen to what they hear and never dig to what is the meaning of their accusations , in short term STUPID people.

Greedy that fails in investing - they are the people that invested in bitcoin but wanted to be a instant millionaire and now? they are crying because of not getting what they wanted and blaming bitcoin after.

[YUriy1991]

You know what the biggest  scam is :

Nice Illustration.. . I think there will always be a pretext for the government to collect taxes. Of course, we as good citizens must follow all forms of regulations whether it is taxes or others. However, if the Crypto  tax imposed is irrelevant, excessive and unfair, of course this is considered very burdensome for those who have been registered as taxpayers.

Yes. There will always be an assumption that it is a style of fooling and deception where they will always feel fooled where money from all business income is blatantly indirectly paid taxes on everything in their financial lives by tax collector who exist under various pretexts to support the continuity of government and the common good.

[headingnorth]

Bitcoin is not a scam but ethereum and all the other ten million altcoins certainly are.

[Nothingtodo]

To me Bitcoin is not a scam but to me it is a future savings and to me it is a future bank.
Bitcoin scams are for those who believe in paper money and do everything through fiat.
Bitcoin is going to be the most popular coin in the world in the future and most people in the world will want to use Bitcoin instead of paper money.

[adaseb]

I remember first hearing about bitcoin back in 2011 or 2012 because I used to follow financial news. And most of the time they were calling bitcoin a scam because how it lost 90% of its value and to never invest in it.

Then someone I know mentioned bitcoin and I told him it’s a scam and I am not interested. This was maybe in late 2012 and I regret reading that original article. Because if I invested in 2012 I would of been very wealthy today, that is if I didn’t sell everything in 2013 when it pumped again.

[ChiBitCTy]

If you don't understand why JP Morgan Chase Bank CEO Jamie Dimon calls bitcoin a scam relentlessly, or why Warren Buffet calls bitcoin absolutely worthless..then make sure you find out why.  These two men are are wildly successful, but shrude cut throat businessmen and while everyone with a brain knows Jamie Dimon is human scum who'd steal a dollar from a starving puppy in line for a bone, many think old sweet man Warren is too.  Look deeper.  These two call bitcoin a scam for a reason, and it's because it isn't one.

[Kakmakr]

We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

[Z390]

We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

There is nothing that you can't find answers to using the internet, if people still judge something they don't understand in 2024, where internet is everywhere, then they are stupid people, i don't ever want to spend my precious time on such people, what are they using their internet for then? TIKTOK? Only fans? You can't save stupid people that don't want to be saved.
In this present day of Bitcoin, if anyone still thinks that Bitcoin is a scam then nothing can change the mind of such people, its been out for way too many years already and I won't want to waste my time with such people, we are not in the 80s, everyone has a smartphone or computer this days where they can find answers about bitcoin, and if anyone still belief that its a scam, its because they don't want Bitcoin to succeed and they are mad that it's already succeeding or they are just complete ignorant beings.
If this scam nonsense is coming from those tech-experienced people or popular millionaires, you shouldn't bother yourself, they are using their power to influence or manipulate some people who have trust in them, to probably try to attack the price of Bitcoin, mind you, these popular figures are also Bitcoin investors in disguises, you will be shocked what they are doing in the back.

[348Judah]

Only those that have no idea about bitcoin will be thinking about all manners of things concerning bitcoin because they have failed to learn or developed interest in learning on new things, in digital currency and cryptocurrency to be precise, bitcoin has been the only most recognized digital and acceptable currency of making payments, this means that people value less the use of altcoins because they don't want to risk anything that has to do with them, instead chose bitcoin which everyone has the reliability of it use and consistency.

[Nrcewker]

FIAT are controlled by the government and the banks. If you keep your money in the form of FIAT, then you are not completely owning it. The government or banks can anytime freeze your money by stating any laws and you are bound to follow that. Whereas in Bitcoins, thanks to its decentralised nature, you will only have the full access to your hard earned money. So if you really think Bitcoins are scam, then you need to do proper research.

[AmaGold70]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Decentralized  nature
This is the major difference between  fiat and the bitcoin,  there's  no influence or control from authority  like government , no manipulation in transactions  or values everything done in bitcoin is transparency  as full  nodes could be run by anyone,anywhere anytime without hidderance  and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.

In fiat everyone is subjected to the power of governmentand its agencies,  the supply ,circulation are always influenced by their Monetary  policies.

Supply
Bitcoin  has a specific fixed supply of 21M coin which will ensure protection against  every  from of devaluation , beside there's  a smaller  unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings  about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

Sure Bitcoin isn't a scam but would you still say the same thing of you loose 95% of your investments if Bitcoin falls down in it's price? Bitcoin as a gamble, you either loose or you fail. You win if you apply the right strategy, you loose if you get too greedy for quick wealth. I have seen someone that constantly say that Bitcoin is a scam because he lost 95% of his investments. He was greedy and he lost.

[Ayers]

Until now, there are still some of my friends who still don't believe in bitcoin, they call it gambling, ponzi... they still believe that one day it will collapse. But I think it's because they missed it, and I'm getting better off than them because of bitcoin, and they're just jealous of me so they continue to have those negative thoughts. But no matter what they or anyone else says about bitcoin, I don't care because I'm busy enjoying the wonderful benefits that bitcoin brings  . In my opinion, we should stop worrying about those meaningless things, they only waste our time.

No matter what intentions they have for us when trying to fight against bitcoin, I am sure of one thing, they will never help us when we are in trouble, but bitcoin will definitely be an opportunity for us to overcome difficulties. So I don't want to waste my time with those people.

[headingnorth]

Bitcoin spot ETF is now traded on the New York Stock Exchange and NASDAQ just like Amazon, Google and Apple stock are traded.

If bitcoin was a scam there is no way the government and SEC would allow it to trade on the biggest stock exchanges in the world alongside the most legit companies in the world.  
Point out this fact to anyone who tells you bitcoin is a scam and it should shut them up real quick.

[btc78]

Honestly I do not understand those who think that bitcoin is a scam. Do they think that our money just grows out of thin air? No it does not and there is a perfectly clear explanation as to how it grows. They just do not want to listen and honestly if they do not want to hear it then it’s better to just not talk to them at all.

There is no point in talking to someone with closed minds. If they are ready to understand everything then we can explain but otherwise it’s moot and useless.

[Lucius]

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.
And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

I agree here, Bitcoin is not for everyone just like trading on Forex or stock exchanges is not for everyone - people lose money constantly on various investments, but we will hardly hear that they will accuse a well-known (influential) company of being a scam because their shares lost overnight 20% or more in value. As in real life, people fiercely attack those who cannot or do not want to defend themselves, and given that Bitcoin is decentralized, it is very easy to say that it is a scam and that it consumes electricity like some country, and that we will remain in the dark because of Bitcoin mining.

Of course, scammers use Bitcoin to the limit, but you should never blame the tool, but the person who uses that tool. Besides, for a scam to succeed, there is always a need for a naive victim, and the fact is that we have millions of people who behave just like that thanks to governments that do not provide for their education.

[kryptqnick]

Sometimes people believe that Bitcoin is a scam simply out of ignorance, because of confusing it with something else or listening to some misinformation. That can hypothetically be fixed pretty easily by sharing knowledge. But I also think that sometimes people are mistaken like that because they lack skills of analytic thinking. They hear something about crypto scams and associate cryptos with Bitcoin, reaching a conclusion that Bitcoin is a scam. Or they hear about scams, in which victims lost their BTC, so they associate those scams with a conclusion that Bitcoin is a scam. This is just lack of proper analysis or how stealing Bitcoin is different from Bitcoin itself, how cryptos don't equal Bitcoin, etc.

As for the op's words about decentralization and a fixed supply of Bitcoin, I agree with that, although I wouldn't go as far as to say that the traditional fiat and taxing systems are the real scam.

[michellee]

Just let it go if there are still people who think Bitcoin is a scam. They are the ones who don't want to try to learn what Bitcoin is. They will remain like that even if someone tries to convince them that Bitcoin is not a scam.

Those who have benefited from Bitcoin will change their opinions about Bitcoin. They will try to open their minds to Bitcoin and learn more about it. These people can see things from a different perspective, especially when they can make profits from Bitcoin.

So don't be surprised if we still see people saying that Bitcoin is a scam. We don't need to respond to what they say and just smile. These people can't and won't try to learn what Bitcoin is really about. We should focus on accumulating Bitcoins rather than arguing with them.

[Farhan99]

I think People's opinions about Bitcoin being a scam don't affect its reliability. Bitcoin has already proven its worth as a decentralized currency. Bitcoin is not solely for profit but its main purpose was designed to revolutionize payment systems. Investment in Bitcoin or any currency its carries risk. That is why understanding the bitcoin volatility is very important for investors to success. acknowledge the risks involved in Bitcoin investment is very crucial for investors as price fluctuations in the last few weeks Bitcoin price broke All time 73,000$  high and then goes down to 60,000$ votality of Bitcoin can lead to significant losses for investors. I also think those people who understand Bitcoin as a scam aren't aware potential of Bitcoin or someone miss guide them.

[reagansimms]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

It is very difficult to convince flies that flowers are much more beautiful than rubbish. It's useless to advise stupid people who have been enslaved by the fiat system, they still won't believe Bitcoin is much more profitable than Fiat. Educating the advantages of Bitcoin to people like this will get a negative reaction, they will be offended by the thought that we have tried to lead them down the path to a scam. But if they are wiser in receiving advice and are able to digest every advice that comes to them, they will look for justification and will reflect because they realize that the advice is useful for them.

Selfish people like this will continue to be trapped in a system that ensnares them, Bitcoin is freedom, everyone who has Bitcoin is free to do whatever they want with the assets they own. People like this should lower their ego a little by reading the history of bitcoin including the time Laszlo Hanyecz confirmed that he had successfully traded 10,000 bitcoins for two pizza https://bitcointalk.org/index.php?topic=137.msg1195#msg1195.

If you convert 10,000 bitcoins into US dollars according to the current Bitcoin market value, 10,000 bitcoins are currently at $670,580,000 (please correct if the conversion value is wrong), if Laszlo Hanyecz saved 10,000 to date, he would have managed to earn money amounting to $670,580,000, just imagine how many pizzas could be bought at the current price Bitcoin is trading at. The unprecedented increase in prices has encouraged many investors to save their money in Bitcoin, so it is very difficult for common sense to accept that anyone still says Bitcoin is a scam.

[Ptb73]

One day people will realize what a trap they are in. Bitcoin is a solution to the problem, not a scam.

[LoyceMobile]

If you think about it: fiat money has more characteristics of a scam.

[dzungmobile]

I agree here, Bitcoin is not for everyone just like trading on Forex or stock exchanges is not for everyone - people lose money constantly on various investments, but we will hardly hear that they will accuse a well-known (influential) company of being a scam because their shares lost overnight 20% or more in value. As in real life, people fiercely attack those who cannot or do not want to defend themselves, and given that Bitcoin is decentralized, it is very easy to say that it is a scam and that it consumes electricity like some country, and that we will remain in the dark because of Bitcoin mining.

Because they did not do their homework, research before investing.
They are sensitive and vulnerable to Bitcoin FUD and if media says something bad with Bitcoin, they will blame their losses to Bitcoin as a fraud.

If they realize their responsibility with their own capital and investment or  trading, they will not blame any loss on Bitcoin. It is quite strong evidence that with time, since 2009, Bitcoin price goes up.

https://charts.bitbo.io/yearly-candles/

If we look at yearly min price, the trend is upward and very bullish.

Fact sheet for bitcoin price (daily low, high, close price over years)

Yearly low price of bitcoin:

Code:

     +---------------------------------+
     | year     min_l   percent_change |
     |---------------------------------|
  1. | 2013     65.53                . |
  2. | 2014     289.3           341.48 |
  3. | 2015    171.51           -40.72 |
  4. | 2016    354.91           106.93 |
  5. | 2017    755.76           112.94 |
     |---------------------------------|
  6. | 2018    3191.3           322.26 |
  7. | 2019   3391.02             6.26 |
  8. | 2020   4106.98            21.11 |
     +---------------------------------+

Of course, scammers use Bitcoin to the limit, but you should never blame the tool, but the person who uses that tool. Besides, for a scam to succeed, there is always a need for a naive victim, and the fact is that we have millions of people who behave just like that thanks to governments that do not provide for their education.

Bitcoin was not created for scammers but scammers can use Bitcoin as one of their tools to scam people. Like a saying, a criminal use a knife to kill people but a knife or company produces the knife is not the cause.

[harapan]

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

It is now no longer just funny but now it is just a pitiable situation because anyone having that kind of believe is clearly outdated with information and is clearly showing an actual absence in the ability to  check and verify whatever they know from the internet.

Do not stress yourself about this sort of individuals because if you have tried talking to them and they shown signs of belligerence you better let them be and focus on your own investment which is more important.

Personally,I think bitcoin remains a scam to whoever see's or thinks bitcoin is a scam.Even in this 21st century if the average adult in the society doesn't know about bitcoin's existence as a digital currency and equally thinks bitcoin is a scam,that person should indulge in a self improvement session;like sit down and have a serious conversation with yourself because its actually simple and easy to embrace the life changing opportunities like bitcoin that exists significantly.

Even scammers refer to bitcoin as a scam,if they don't agree with bitcoin system or they don't like bitcoin that's their headache.Why now recruiting a wide range of people within their reach to ascertain the same mentality they have against bitcoin.
Bitcoin is not for the weak and precarious individuals!!

[khiholangkang]

If you don't understand why JP Morgan Chase Bank CEO Jamie Dimon calls bitcoin a scam relentlessly, or why Warren Buffet calls bitcoin absolutely worthless..then make sure you find out why.  These two men are are wildly successful, but shrude cut throat businessmen and while everyone with a brain knows Jamie Dimon is human scum who'd steal a dollar from a starving puppy in line for a bone, many think old sweet man Warren is too.  Look deeper.  These two call bitcoin a scam for a reason, and it's because it isn't one.

If I'm not mistaken JP Morgan invested in a bank that owns MSTR shares and we know that MSTR is closely related to BItcoin, also with Warrem Buffet who invested in an entity that took part in the development of cryptocurrencies, this is natural to question why they are so, I think they actually have thoughts about bitcoin just not as brave as Larry Fink.
As a successful person in the world of investment I quite doubt that they do not jump on bitcoin, the logic is when bitcoin makes a lot of money and faster than a company stock, so my other thought is that they also buy bitcoin with other hands or anonymously because of a high sense of ego before saying that bitcoin is a SCAM for them. IMO

[DubemIfedigbo001]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it.

Well spoken bro, bitcoin has passed the stage of trying to impress or convince someone of its numerous importance or authenticity. Whoever is still in doubt should visit the history books, attest to its longevity, the hurdles it has surmounted and try relating to any scam projects that remains this consistent. Bitcoin is king and  cannot be rebate or measured with any of its competitors presently, maybe something promising might come up in the future, who knows?, but it will surely have a mountain to climb competing with bitcoin.

We're in a continious advancement stage whereby the  goal is to gear towards as much ma adoption as possible and in passing ways to the people and so far there are promising developments such as the bitcoin ETFs where people buy shares from portfolios of bitcoin as stocks. Or are they trying to convince me that the government of El Salvador its scamming his people?, of course not. He took a decision that will remain profitable and present him as a hero in the nearest future

Bitcoin is well above the marks and traces of being a scam project. So while they still call it a scam, lets make the best out of it with regular involvements and continue holdings. The billionaire journey is continuous for all the faithful.

[Bitco55]

You see, not everyone would accept something new. A lot of people are bent on remaining with the old and never changing or accepting change. So, not everyone would accept Bitcoin. A lot of people, even though they know the fiat currency has the probability of failing, would still put their trust in it because the fiat currency has failed and picked itself from the ground many times. So, I can't really blame anyone

And another reason would be the risk that is attached to Bitcoin. People would call what is a scam, a scam. There's a high probability that their experience with Bitcoin was a terrible loss or maybe they've heard of stories from and about someone who invested their savings in Bitcoin and lost it all. You don't actually expect such a person to believe in Bitcoin anymore. Of course, they already know it as scam, and as such it shall be addressed.

The best thing is to leave people with their different opinions and perspectives. Do you, and follow what you want to.

[Lucius]

If you think about it: fiat money has more characteristics of a scam.

There is no doubt about that - but fiat is a scam sponsored by nation states, and few people in real life will dare to say that publicly because those same states have mechanisms to make life miserable for anyone who dares to question such things. If we take a closer look at what is actually the real agenda behind the repetition of the expression "Bitcoin is a scam", then it is quite clearly visible that "they" are saying this for only one reason, and that is the fear of losing influence over people, which is mostly carried out precisely through fiat currencies.

This is why some countries like Turkey or Thailand (maybe others) do not ban Bitcoin as an investment, but they strictly forbid using it as a currency. Of course, I didn't mention China, which banned it almost completely, or India, which does everything to discourage its citizens from using it.

[Muchiratsky]

You see, not everyone would accept something new. A lot of people are bent on remaining with the old and never changing or accepting change. So, not everyone would accept Bitcoin. A lot of people, even though they know the fiat currency has the probability of failing, would still put their trust in it because the fiat currency has failed and picked itself from the ground many times. So, I can't really blame anyone

And another reason would be the risk that is attached to Bitcoin. People would call what is a scam, a scam. There's a high probability that their experience with Bitcoin was a terrible loss or maybe they've heard of stories from and about someone who invested their savings in Bitcoin and lost it all. You don't actually expect such a person to believe in Bitcoin anymore. Of course, they already know it as scam, and as such it shall be addressed.

The best thing is to leave people with their different opinions and perspectives. Do you, and follow what you want to.

Well people lose money in any kind of investment. And if they lose money, they tag it as a scam. In many cases, it only becomes a scam because people don't know how to handle or run their investments. Bitcoin, Etherium, Ripple, and other older coins are already established cryptocurrencies and they have people who made money and are making money out of them. So even though there are those seeing BTC as a scam, it's obvious that it isn't anymore at this point. It's just a little too expensive now for those who are just planning to buy BTC if you're not aiming for a long hold.

[KingsDen]

Is Bitcoin a scam

As long as I am certain, I know that bitcoin has long grown pass the stage of skepticism (whether or not it is a scam). Bitcoin has vindicated itself several times amidst all kinds of allegations of it being scam or some kind of Ponzi schemes. Maybe what people should be asking or considering is how long bitcoin is going to last. Whether bitcoin will be in existence as long as internet is functional or it will be defeated by the government one day.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

What you call the biggest fraud happens now with bitcoin also. Many people in different countries pay hugely in the name of cryptocurrency tax. The government of many countries have discovered how to successfully task bitcoin or crypto earnings.

[Mr. Magkaisa]

          -   Well, there is nothing we can do if there are people who think that way about bitcoin and that it will never go away, so don't expect that from those types of people.
There are even people who say that bitcoin is a god, even though it is obvious that it is not. These are the people who are blind to the truth; they are not a loss to those of us
who believe in bitcoin, so let's just let them think what they want to think.

Another thing is that people have a different mindset. When they invest in an investment opportunity that is not really a scam, they consider it a scam because the capital they
used did not make a profit, even though they did not find a way to work it out. It's for them to make a profit.

[Asuspawer09]

It's pretty normal for sure people to think this way, there are a lot of people who lose a huge amount of investment in Bitcoin especially if they invested at the wrong timing, like the last Bullrun the all-time high was around 70k$ when the market drops a huge amount the Bullrun ended drop to 5k$ something like that, your probably gonna lose a lot of money on that, due to FOMO congratulation you just lose a huge amount of your money, they panic sell at that market price. I mean if you just don't have enough knowledge on Bitcoin and are still a newbie on the market you surely gonna think that this is a scam. Not to mention the structure of Bitcoin could easily be a huge scheme where people could get scammed, I mean if the creator of Bitcoin is still alive he could easily drop the market because he simply has a huge amount of Bitcoin that he could use to manipulate the market. If you're going to think about it, it was obviously similar to pyramid schemes out there.

Even though Bitcoin doesnt have some kind of backup and the market price just depends on supply and demand, It surely proves itself to be a great investment, decentralization is probably the best thing that it has in my opinion, compared to fiat money that is being controlled by the government, Bitcoin surely has a lot of advantage compared to it, I mean what was really the point of fiat money, we are working every day for money, fiat money that has an unlimited supply, where the government could print money freely whenever they want to, and then saying about inflation? The truth here is we are slaves of the government because of the fiat money, Bitcoin is going to be our savior when it comes to fiat.

[Miles2006]

          -   Well, there is nothing we can do if there are people who think that way about bitcoin and that it will never go away, so don't expect that from those types of people.
There are even people who say that bitcoin is a god, even though it is obvious that it is not. These are the people who are blind to the truth; they are not a loss to those of us
who believe in bitcoin, so let's just let them think what they want to think.

People with this thought don't know about bitcoin and even with this thought bitcoin remain bitcoin, speech like this doesn't affect bitcoin, the risk and price fluctuation is kinda different from my view, if bitcoin is a scam why do people still profit for investing. Certain questions should be asked if people still view bitcoin investment as a scam scheme cause what story will inspire this thought, bitcoin is said as a risky investment but still it's not a scam scheme

Another thing is that people have a different mindset. When they invest in an investment opportunity that is not really a scam, they consider it a scam because the capital they
used did not make a profit, even though they did not find a way to work it out. It's for them to make a profit.

Profit making is totally different, before investing you need to know the right strategy and amount used or rather calculate properly before investing, and secondly everyone investing in bitcoin should know bitcoin investment is not a get rich quick scheme so if investors with similar mindest of getting rich quick invest in bitcoin they might end up withdrawing so early. I have never seen an investment with zero risk but definitely people still invest just like bitcoin investment growing with massive adoption.

[LogitechMouse]

You know what the biggest  scam is :
~

Taxes?
You want to avoid taxes? Borrow money. Use debt. Well, that's what Kiyosaki is doing that's why he's not paying any taxes, so does other rich businessmen in the US. Many average people are angry at them because the rich aren't paying taxes while they are.

Bitcoin  was and will never be a scam

Bitcoin itself isn't a scam, but Bitcoin is a tool that's being used by scammers to scam newbie investors.

Let's face it, as much as we've seen Bitcoin going up in price these past few years, there will still be people who will think that Bitcoin is a scam probably because they got scammed maybe through an investment that these scammers are offering or whatever it is. Let the people think what they want because at the end of the day, we can't control what they think. Instead of focusing on them, just focus on yourself, and your investment. Focus on grow, and don't focus on them. We will not benefit from them.

Let's do our thing, and let them do their thing. They think Bitcoin is a scam? So be it. We don't care.

[Dunamisx]

When it comes to paying of task, i know that not all of us would like doing so because we expect this to have been more advanced than what we are seeing today from the government under us but ruling over us, maybe all these are part of the reasons that Satoshi created bitcoin for everyone to remain being decentralized on a digital technology that does not need the payment for tax with bitcoin network.

[Dzwaafu11]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin is a scam then he or she is a slave to fiat system and believe it or not Fiat is brain rot.
There are so many things these peoples must understand to know why they are really a slave to the fiat system.

It is not funny to me because some people you see viewing Bitcoin as a scam project did not just do that because they are not knowledgeable about it. Most people have full knowledge about bitcoin, but what makes them see it as a scam is their past experience with bitcoin. Some of them bought it at a high price and then later sold it to lose money, so this is what poisoned their minds, and till date some will not come back to bitcoin investment, so you won't blame anyone. The fact that investing in bitcoin is not compulsory makes it a choice for anyone who wishes to do that.

However, if you say someone who thinks bitcoin is a scam is still a slave to fiat currency, what will I call you? because I know that you are also using the same fiat currency as those people are using because you won't tell me that you buy or sell using Bitcoin, so should I call you a slave to fiat because you are using it? Understand that investing in bitcoin doesn't mean you have already learned anything about it because you are also not performing the main function for which the currency was created.

When you start using it as a means of payment in a locality or country, that is when you should see other people as slaves to fiat currency because you are using the easiest way of transacting without any third party getting involved, so leave those who still believe that bitcoin is a scam to do that if you cannot educate them about it because it may be because of past experience or because they have yet to know about it. 

[Yatsan]

In a scam between two parties, one would benefit and one wouldn't. Bitcoin is a scam? This is a long term accusation and has never been proven. As far as I know, this originated from instances investors are losing, high market prices that suddenly drops or declines, legaloty of it and the likes. These things are simply due to its characteristics as a cryptocurrency. If you're an investor of Bitcoin who knows what is it as a digital currency, it shouldn't be a problem. In any investment, an investor is required to be 'all-knowing' in order to make valid actions on whatever it is to happen. No investment has no risk, keep this in mind if you are one of those who believes that Bitcoin is a scam. Bitcoin is profitable but due to inconsistencies in its market value and lack of proper knowldege from investor, a wrong decision is being made resulting to loss.

You see, not everyone would accept something new. A lot of people are bent on remaining with the old and never changing or accepting change. So, not everyone would accept Bitcoin. A lot of people, even though they know the fiat currency has the probability of failing, would still put their trust in it because the fiat currency has failed and picked itself from the ground many times. So, I can't really blame anyone

And another reason would be the risk that is attached to Bitcoin. People would call what is a scam, a scam. There's a high probability that their experience with Bitcoin was a terrible loss or maybe they've heard of stories from and about someone who invested their savings in Bitcoin and lost it all. You don't actually expect such a person to believe in Bitcoin anymore. Of course, they already know it as scam, and as such it shall be addressed.

The best thing is to leave people with their different opinions and perspectives. Do you, and follow what you want to.

Well people lose money in any kind of investment. And if they lose money, they tag it as a scam. In many cases, it only becomes a scam because people don't know how to handle or run their investments. Bitcoin, Etherium, Ripple, and other older coins are already established cryptocurrencies and they have people who made money and are making money out of them. So even though there are those seeing BTC as a scam, it's obvious that it isn't anymore at this point. It's just a little too expensive now for those who are just planning to buy BTC if you're not aiming for a long hold.

Most likely that's their defense mechanism to ease their regrets on their actions. If hou have bitcoin holdings and the market price declined in an instant, loss is just temporary as long as you do not choose to sell already to a purpose of cutting the loss. Check the charts and that would answer whether recovery has a chance or if it is hopeless. Valid actions will always result to a positive outcome.

[GeorgeJohn]

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

many people have their own Theory and their own understanding towards cryptocurrency especially bitcoin existence so saying that Bitcoin is a scam their own belief that bitcoin is a scam why bitcoin has gain more ground so I believe that those people who come up with such conception of theory does not really know what bitcoin is all about because across all the nation about 50% of them have noticed what is Bitcoin and know the credibility in Bitcoin, so therefore I believe that bitcoin does not engage in scam any longer and there's no time Bitcoin has been a scam it is people mentality and their understanding towards Bitcoin that give them such a narrative that bitcoin is a scam so anyone who don't want to adopt Bitcoin it is a personal decision and the personal understanding of digital currency and decentralized currency as bitcoin is.

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.

And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

That is why someone who is new in Bitcoin have to study the tradition of Bitcoin before the person invest in Bitcoin bitcoin does not have a constant growth, it rise and also fall in value, so whoever that purchase a bitcoin when the price is high and letter the price of Bitcoin decreases in value that is not a scam because the market of Bitcoin is not a market of a constant Rising it rise and  Fall has been the nature of Bitcoin, it will be decreasing and also increasing so people who want to venture into Bitcoin have to advocate time to read and the understand the procedures of Bitcoin before the invest in Bitcoin because when you invest in Bitcoin without having the real concept of Bitcoin and on the process the market decreases you will think about bitcoin is a scam why that is the method of Bitcoin for long time starting from the day it was introduced.

We have to be careful to "label" all people who distrust new technologies as "Fiat slaves" .... there are a lot of them that simply do not understand how Bitcoin work and it is human to distrust something that you are not familiar with.

It should be our mission to educate people on all things "Bitcoin" to remove that doubt and also to counter all "FUD" with facts and good information.

this point you make is one of the major reasons why some people distrust Bitcoin because they fell to make a proper investigation concerning Bitcoin before them justify it, a normal circumstances and the technologies of Bitcoin it does not have a constant Flux of increment in the market neither the price decreases or the price increases in the market that has been the systems of Bitcoin so when you are not familiar with the system you will think that bitcoin is a scam when you have not make your own search to understand how the systems of Bitcoin works before you venture into it.

FIAT are controlled by the government and the banks. If you keep your money in the form of FIAT, then you are not completely owning it. The government or banks can anytime freeze your money by stating any laws and you are bound to follow that. Whereas in Bitcoins, thanks to its decentralised nature, you will only have the full access to your hard earned money. So if you really think Bitcoins are scam, then you need to do proper research.

we cannot compare bitcoin and the Fiat currency because when you come in terms of the security measure in Fiat currency and they also in Bitcoin you will see that both of them differs because in Bitcoin you don't have a third party who hold your bitcoin for you you will be the one that is in charge of your Bitcoin why in fact currency banking system will be the one that is in charge of your fiat in the bank, so when you are having Bitcoin you have a rest of mind only thing that affect bitcoin is that the price is not constant you can see bitcoin price high today and later the price decreases, and another thing is the price loss a value while the price of fiat currency doesn't lose value, that is only different between fiat currency and bitcoin as digital currency, bitcoin is a boss of its own nobody controlled it except the Market, you will only hold your coin by yourself.

[Cryptomultiplier]

Is Bitcoin a scam

As long as I am certain, I know that bitcoin has long grown pass the stage of skepticism (whether or not it is a scam). Bitcoin has vindicated itself several times amidst all kinds of allegations of it being scam or some kind of Ponzi schemes. Maybe what people should be asking or considering is how long bitcoin is going to last. Whether bitcoin will be in existence as long as internet is functional or it will be defeated by the government one day.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

What you call the biggest fraud happens now with bitcoin also. Many people in different countries pay hugely in the name of cryptocurrency tax. The government of many countries have discovered how to successfully task bitcoin or crypto earnings.

If by scam you mean a joke that became real and is one of the biggest currency both as a cryptocurrency and as a legal tender , then Bitcoin sure excelled in that area.

At first people still thought it was a scam until Bitcoin started fulfilling its vision by creating initiatives that not only spurs other crypto currencies to do better but also brings profit to the investor who has faith in its modus operandi.
How else has Bitcoin got to show it's not a scam? Afterall, it has been adopted by several countries as a legal tender, have Bitcoin ATM machines and serves traders just as fine for payments and transactions across borders.

[kentrolla]

Nobody cares about what they think and they may term it as scam, ponzi scheme, pyramid scheme or even illegal stuff just to discourage people from adopting Bitcoin but they have failed in the past and they will be failing in the future as well. They may use all the propaganda tools they can but it's pretty clear what is Bitcoin and how it's used so it's not gonna affect the community except some newbie and those who have lost huge sum after investing during peak as emotions take over the logical thinking at such situations.

I am not sure about how others consider it it's still the decentralized P2P transfer medium for me without any third party involvement and it can be used as investment as well (which majority of us do though it was not meant to be an investment medium as it was more of financial freedom).

[BIT-BENDER]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it. 

If Bitcoin were to be a scam how can it be so that Bitcoin has developed this much from 2009 till date. I think those who thinks Bitcoin is a scam has little or no idea about Bitcoin.

If Bitcoin is a scam how was the scam meant to go? The adopters of Bitcoin is on the rise even countries like El Salvador are benefiting greatly from Bitcoin.

[Z-tight]

At first people still thought it was a scam until Bitcoin started fulfilling its vision by creating initiatives that not only spurs other crypto currencies to do better but also brings profit to the investor who has faith in its modus operandi.

BTC's 'initiative' is not what you have just said above, BTC has always been a decentralized and censorship resistant currency, and that is what Satoshi created it to be, as a p2p electronic cash, it had nothing to do with profit as you say it. BTC is not a scam because it is an open source project, and everyone can verify everything themselves and understand how it works. BTC is a tool that people can use to scam, just like every other tool, but it is not a scam in itself.

Afterall, it has been adopted by several countries as a legal tender

El Salvador is the only country that has adopted BTC as a legal tender.

[Manlikefrank1]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Decentralized  nature
This is the major difference between  fiat and the bitcoin,  there's  no influence or control from authority  like government , no manipulation in transactions  or values everything done in bitcoin is transparency  as full  nodes could be run by anyone,anywhere anytime without hidderance  and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.

In fiat everyone is subjected to the power of governmentand its agencies,  the supply ,circulation are always influenced by their Monetary  policies.

Supply
Bitcoin  has a specific fixed supply of 21M coin which will ensure protection against  every  from of devaluation , beside there's  a smaller  unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings  about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

Bitcoin is not a scam because it operates on a decentralized network, utilizes blockchain technology for transparency, and is accepted as a legitimate form of payment by reputable companies.

[Gladitorcomeback]

Nobody cares about what they think and they may term it as scam, ponzi scheme, pyramid scheme or even illegal stuff just to discourage people from adopting Bitcoin but they have failed in the past and they will be failing in the future as well. They may use all the propaganda tools they can but it's pretty clear what is Bitcoin and how it's used so it's not gonna affect the community except some newbie and those who have lost huge sum after investing during peak as emotions take over the logical thinking at such situations.

I still remember the initial days when I first came to know about Bitcoin, it wasn't priced very high, was probably below $1,000, and people all over the world, specifically the international media tried their best to show it in the bad light and make it look like something that should be illegal and shouldn't be adopted or accepted by massed, but as you mentioned, they failed very badly in that and look at where Bitcoin is today.

I am not sure about how others consider it it's still the decentralized P2P transfer medium for me without any third party involvement and it can be used as investment as well (which majority of us do though it was not meant to be an investment medium as it was more of financial freedom).

It is an investment asset because it generates profit. Whether satoshi created Bitcoin to become an investment asset or not, people saw potential profit in it because of its volatile nature and increasing demand and here we are, investing and earning money from it while it can still be used for the primary purpose it was created.

[puloweh555]

If bitcoin is a scam because old holders profit, then what is the scheme of fiat money? Because those who hold it for a long time and those who save a lot of fiat, the value continues to fall.

In my opinion, people consider Bitcoin a fraud because they fail to understand Bitcoin, only hear rumors or because there are some individuals who use altcoins as fraudsters so that ordinary people think altcoins are the same as Bitcoin even though everything is different because Bitcoin is the mother of all altcoins and Bitcoin has fundamentals. which is good for the long term.

In my area there are still many who think bitcoin is a scam because of the lack of education about bitcoin, it doesn't mean that those who don't invest in bitcoin are slaves to fiat, they just haven't gotten the right education about bitcoin.

[rachael9385]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it. 

Am really happy for this comment, you did reply so well. Anyone that thinks Bitcoin is a scam should start being a slave to fiat like the OP already stated, Bitcoin is not a scam but people doesn't understand what Bitcoin is and that is the main reasons why they think that Bitcoin is a scam. If Bitcoin is a scam it wouldn't have been were it is today. The man that invented Bitcoin just made it very different from fiat banking systems. Bitcoin is decentralized and that's the main reason why it can't be controlled by any body, so when they are saying Bitcoin is a scam I don't blame them because they don't understand all this things we are saying here. They thinks that Bitcoin is a scam because some people give scammers a chance to scam them their Bitcoin, I have also seen were a scammer scammed someone and collected his fait currency,  which means fiat is also a scam

[Oasisman]

]
As long as I am certain, I know that bitcoin has long grown pass the stage of skepticism (whether or not it is a scam). Bitcoin has vindicated itself several times amidst all kinds of allegations of it being scam or some kind of Ponzi schemes. Maybe what people should be asking or considering is how long bitcoin is going to last. Whether bitcoin will be in existence as long as internet is functional or it will be defeated by the government one day

What you call the biggest fraud happens now with bitcoin also. Many people in different countries pay hugely in the name of cryptocurrency tax. The government of many countries have discovered how to successfully task bitcoin or crypto earnings.

Well, that is kind of expected. The government might never have full control over it, but there will always be a time that come where they will successfully impose a tax to each and every person who gets involved with cryptocurrency mandatorily without a single hole to escape that biggest scam in life LOL.
Here in PH, they released a notice to the public that any crypto related transactions should be taxed, but there's no way they I can identify who owns one or trades one. So, now they are targeting the local crypto exchanges and even Binance, which they have threatened to ban in the country, but did a delay because they never got even a single response from the team.
Nevertheless, there are still people who believed Bitcoin is a scam, but I understand where they're coming from as they never had any idea one is Bitcoin since.

[Reatim]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it. 

If Bitcoin were to be a scam how can it be so that Bitcoin has developed this much from 2009 till date. I think those who thinks Bitcoin is a scam has little or no idea about Bitcoin.

If Bitcoin is a scam how was the scam meant to go? The adopters of Bitcoin is on the rise even countries like El Salvador are benefiting greatly from Bitcoin.

Good point out mate!

I think lots of people associate bitcoin to those projects who
rugpull. I have heard lots of people fall victim to new projects
and then they give their money they receive a few profit
and then suddenly the developers will run. The thing about bitcoin
is that even though technically the creator of it is nowhere to be found
it is still functioning perfectly and exceptionally well may I add.

The people who do not want to adapt bitcoin are just heavily misinformed.
There is nothing much we can do about this but give them the proper
knowledge. Maybe they think that bitcoin is too good to be true but
that is why we should tell them that there are still risks so as to not
paint the picture of a too good to be true kind of project because it is not

[AprilioMP]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.
-

They never knew that the purpose of creating Bitcoin was to gain transparency against traditional currencies which still depend on central banks and financial institutions based on several explanations behind the main purpose of creating Bitcoin by Satoshi Nakamoto.

In the Bitcoin white paper, the introductory section that I read is still relevant to the current situation that trading on the internet still depends on third party financial systems. The presence of decentralized Bitcoin provides a very transparent system so that anyone can know every transaction that occurs.
Maybe those who think Bitcoin is a scam have never read the Bitcoin white paper so they are never willing to find out how the Bitcoin system works.

It's really not knowledge-based that people think Bitcoin is a scam.

[Smartvirus]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.

[lalabotax]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

In fact, it's really sad because there are still many people or parties who think that Bitcoin is a scam. No matter how clearly we explain it and provide understanding, they will not change their minds.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

Actually this is not completely true, but it is not wrong either. But indeed, they remain under the control of the authorities. And it will always be like that, centralized.

...taxes...

Taxes are always a structured dilemma. Anyway, regarding taxes in crypto, especially in my country, we will never run away from taxes as long as we still use local exchanges in our country, Indonesia. Because they immediately deduct a certain percentage of tax every time they make a buying and selling transaction.

[Baki202]

          -   Well, there is nothing we can do if there are people who think that way about bitcoin and that it will never go away, so don't expect that from those types of people.
There are even people who say that bitcoin is a god, even though it is obvious that it is not. These are the people who are blind to the truth; they are not a loss to those of us
We who believe in bitcoin, so let's just let them think what they want to think.

Another thing is that people have a different mindset. When they invest in an investment opportunity that is not really a scam, they consider it a scam because the capital they
used did not make a profit, even though they did not find a way to work it out. It's for them to make a profit.

The era we are now anyone can believe what ever they want to belive. Because they just don't want to take risk and all the excuse they are given is just because they don't want go lose money and they are looking for ways to dodge it. And there are a lot of them that still think that bitcoin is a scam. Some of them we act as if they have fallen of victim of something and it is all a lie. They are just scared because they said you can lose your money while investing in bitcoin. When it comes to bitcoin investment that is when you will hear all manner of thing tagging bitcoin as a God is a very wrong thing to do. 

If you want to invest you can invest peacefully and people should aviod looking for excuses. And another thing is that people should stop given excuses and come out straight instead of calling it scam.

[Assface16678]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.

Exactly. The thing is, we can't affect other people's views on bitcoin, no matter what we do. If their mind is not open to something like bitcoin or crypto currency that is complex for them, I don't think they will be influenced. I have known many people or colleagues saying that bitcoin or crypto currency is not profitable as it will only make your money lose, but that's all they know; they don't know the true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them, because I know I will only waste my time explaining to them. What merit will I get if I ever explain or persuade them? So it's better to let those people who have poor thinking and a closed mind in crypto currency instead lead those who have an interest in bitcoin; they are the ones who deserve to be educated.

[kotajikikox]

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

Don't worry if bitcoin is scam? I WILL BE A WILLING VICTIM OF THIS SCAM  , this is the only thing that people are allowing themselves to be a victim of scamming and this is the only scam that generates you so much profit while being in scam situation.. so this will never be an issue from me and for many  of us also.

[pinggoki]

Yes it's a scam, look at the growth of it's price in just a span of two years and then look how it dumps after rising in prices, you can also look at the market history of bitcoin starting from 2009 to March 2024, look at how it's a scam. Check also the people that have their lives turned upside down because they've invested in bitcoin, bitcoin is definitely a scam, there's no two ways about it. That's why I've been invested in bitcoin for a really long time too, it's because it's a scam and you can't change my mind OP, no matter how much you say that it isn't.

[PIMPdev]

Well, yeah, you just said that we all know, but I can't that it's a bad post. We just can't change what others think. Well, most of them at least.

[BALIK]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.

Exactly. The thing is, we can't affect other people's views on bitcoin, no matter what we do. If their mind is not open to something like bitcoin or crypto currency that is complex for them, I don't think they will be influenced. I have known many people or colleagues saying that bitcoin or crypto currency is not profitable as it will only make your money lose, but that's all they know; they don't know the true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them, because I know I will only waste my time explaining to them. What merit will I get if I ever explain or persuade them? So it's better to let those people who have poor thinking and a closed mind in crypto currency instead lead those who have an interest in bitcoin; they are the ones who deserve to be educated.

There is no reason for us to convince anyone to believe in bitcoin because it does not bring us any benefits. If they invest in bitcoin, they are the ones who make profits, they are the beneficiaries, not us. But on the contrary, if they lose money, they will definitely blame us, so why are we trying to convince them to invest in bitcoin? Those who don't believe in bitcoin, just let them continue with that mindset, don't waste time worrying or convincing them. Let time answer them all and they will know what they missed when bitcoin reaches 1 million USD.

[Taskford]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

I don’t even care much on what people believe to be their reality of Bitcoin. When you find someone who is so firm on what he or she thinks he knows and even you approach is met with a strong resistance should you even try, I leave it to them and don’t care even less. It is their reality and you don’t owe it to anyone to persuade them to see through your lenses because they wouldn’t.
In fact, they would see it for a calculated attempt to scam them and worst still, should they see their coins dumped if they bought, should they misplace/forget their private key, should they be phished, should an exchange go wrong on them and the many other things that could result in lost of investment. Then you would have brought their fears to life and they have you to blame for it.
It’s just a best idea to let them be in their vague idea of safety. It works for them and so, it’s good for them.

Exactly. The thing is, we can't affect other people's views on bitcoin, no matter what we do. If their mind is not open to something like bitcoin or crypto currency that is complex for them, I don't think they will be influenced. I have known many people or colleagues saying that bitcoin or crypto currency is not profitable as it will only make your money lose, but that's all they know; they don't know the true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them because I know my true essence and what is happening in the crypto currency world or bitcoin itself. That's why I don't attempt to persuade them, because I know I will only waste my time explaining to them. What merit will I get if I ever explain or persuade them? So it's better to let those people who have poor thinking and a closed mind in crypto currency instead lead those who have an interest in bitcoin; they are the ones who deserve to be educated.

There is no reason for us to convince anyone to believe in bitcoin because it does not bring us any benefits. If they invest in bitcoin, they are the ones who make profits, they are the beneficiaries, not us. But on the contrary, if they lose money, they will definitely blame us, so why are we trying to convince them to invest in bitcoin? Those who don't believe in bitcoin, just let them continue with that mindset, don't waste time worrying or convincing them. Let time answer them all and they will know what they missed when bitcoin reaches 1 million USD.

If they believe its scam then so be it there's no good to argue with people doesn't have any knowledge about it since we will just end up having a conflict with other people and if we pick up their nonsense then we became same as them.

Its better to continue on what we are doing and if they don't like our investment on bitcoin then let him watch how we earn since once they see that we are earning good money on bitcoin for sure they will show up an interest to learn about this. But still I will not teach them if that time come so they don't blame us on any unfortunate incident happen to them and let them discover since at the end of the day they are the one held responsible for theirselves. If they continue to ignore it for sure they would regret the chance they miss once that 1 million figures will be achieved.

[retreat]

There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.

[Smack That Ace]

There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.

Yes, there is no denying that bitcoin is the best digital asset to date, but how does it disrupt the global payment system and banking system that has existed for hundreds of years? I really can't imagine how bitcoin will do that? And do you think bitcoin can easily become popular if it tries to destroy the current monetary system while we live in a government-controlled world? Do you think governments will accept a bitcoin ETFs or legalize it if its purpose is to destroy their centralized system? Don't be too delusional, bitcoin is not an immortal god that can destroy everything.

[lizarder]

Bitcoin  has a specific fixed supply of 21M coin which will ensure protection against  every  from of devaluation , beside there's  a smaller  unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings  about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

That is the advantage possessed by Bitcoin because there are no entities that can adjust their travel in an inflisit because the price journey will be determined by the request and supply process. In contrast to the Fiat currency which has rules from their respective governments in terms of distribution and usually the value continues to decline because of problems that occur around the world economy and other events. Bitcoin has shown excellence in economic conditions that are in trouble like some time ago that occurred when the Covid disaster struck and the level of inflation that occurred so large Bitcoin could show its durability.

Although the government can print any money in any amount, but that does not mean they can solve the economic problem that is currently poor and the absence of the balance of money that is printed can affect the stability of the country. If not the country is so easy to solve the problem by printing as much money as possible but that is also not a concrete solution that can be run.

[Rockstarguy]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

I don't blame people when they think about bitcoin just the way they feel because the truth is that they are ignorant of what bitcoin is, from experience I could remember when I haven't know about Bitcoin very well, I had some mindset about bitcoin that was so different about bitcoin.  Having wrong mindset,  understanding is very common with people who don't really know what bitcoin  is that is why I don't even react when I see people intereprete bitcoin on their way. Even with the wrong interpretation people give bitcoin it is so good that bitcoin is different and far from what people thinks about it.

It is just a matter of time after now those who have a negative mindset concerning bitcoin will have a good understanding which will also benefit them in the future.

[SATWAT]

There are many people who think that Bitcoin is a scam, but even so, it won't change anything about the fact that Bitcoin is the best digital asset in the world. It could even disrupt the payment system globally and make banks innovate their services so that it can be better compared to Bitcoin. Whatever people say that Bitcoin is a scam, let them be like that, because no matter how you explain it, they will still stick to their opinion that Bitcoin is a scam - and there is no need to waste your energy on people like that.

Yes, there is no denying that bitcoin is the best digital asset to date, but how does it disrupt the global payment system and banking system that has existed for hundreds of years? I really can't imagine how bitcoin will do that? And do you think bitcoin can easily become popular if it tries to destroy the current monetary system while we live in a government-controlled world? Do you think governments will accept a bitcoin ETFs or legalize it if its purpose is to destroy their centralized system? Don't be too delusional, bitcoin is not an immortal god that can destroy everything.

A negative mind-set which is moving around this for decade is still having nothing positive about this which is surely due to ill germs which is giving them shocks after shocks, and they are still trying to prove this as scam but fail with this is already died many times for them, but we are increasing in numbers and also many other aspects are going to have good future for the peoples those are involved and also trying to keep things on good level.
Nothing will be destroyed by this and now no one can destroy this with we all will be going to stay together, just need to be some more realistic about bitcoin approach.
This brings good changes for the many those were never have any idea to have changed in life now they are enjoying with this all changes and also try to have bright future due to independent nature of this bitcoin.

[arjunmujay]

if anyone really thinks bitcoin is a scam. I only have one question for him.
when making a profit from the increase in the price of bitcoin, then withdrawing it into FIAT money and it actually happens.
or for example, you can buy a real item using bitcoin as payment. can it still be considered a scam?

maybe you say it's a scam because you buy bitcoin at a high price and sell it when the price is down. and it looks like you also need to read what investment is. because bitcoin is more precisely an asset to be used as an investment for the future, not a tool to multiply money in an instant.

[GideonGono]

Those who still believe that Bitcoin is scam doesn't even know Bitcoin at all, or they don't spend time to know the truth.
Bitcoin has been or still being used to scam, but that doesn't mean that it is a scam, it is just a currency being used by scammers because of its anonymity for the users.

[Orpichukwu]

Well, yeah, you just said that we all know, but I can't that it's a bad post. We just can't change what others think. Well, most of them at least.

We can't change what most people think, but we can't also think the same way they do. We can help others by giving them the right information and changing their mindset towards how bitcoin operates and why it should not be regarded as a scam. 
 
Most people view and picture Bitcoin the way they picture it as a scam because of how they got involved with it. Most of them were introduced to Bitcoin through some scammer, which used that means to scam them. Some know about Bitcoin through some scam Ponzi scheme, so their mindset towards it is just based on those experiences, so we need to educate as much as we can on what bitcoin truly is.

[sulendra12]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

I bet they don't even know how Bitcoin works anyway. They only know about "Bitcoin" from news where they covered about bad stuff that they paid with Bitcoin and with so many crash in past few years thus they think that Bitcoin is a scam because of how quick you can become a poor if you don't know how to handle the situation. That's just how normies and mainstream people thinks and I don't really care about that.

[Sexylizzy2813]

Bitcoin has and can always be a scam to those who don't know much about it especially those who they have brain washed with so many lie, just like how bad the government have painted Bitcoin as fraud and so many things that's why they find it very difficult to make it legal.
And with the help of some of these corrupted individuals who uses the name Bitcoin to steal from those who can't detect scammers, it won't have a good name because of these guys, it will continue with the name "Bitcoin is a scam".

[batang_bitcoin]

It's never a scam but same as death, taxes are the same and here to stay just as Bitcoin. While we're all discussing about the wrong accusations of many about Bitcoin being a scam, there will be people that will always think of it as a scam even if you put proofs on the table that it's a legitimate thing, a legit money that can be spent to anything now in the world. Also, as an asset, it's genuine that we're able to prove it for so many years.

[Alone055]

there will be people that will always think of it as a scam even if you put proofs on the table that it's a legitimate thing, a legit money that can be spent to anything now in the world.

Well, maybe not everything just yet but we will get there eventually.

I wonder why we need to provide any proof or make anyone believe that Bitcoin is not a scam. Let them think whatever they want, it's not going to harm us or Bitcoin in general, nor are we going to get any benefit if they believe our words and stop thinking negatively about it. It's their loss if they are not taking Bitcoin seriously and still aren't mentally ready to accept its significance.

People from the past who used to do the same thing with Bitcoin are regretting their thought processes from back then because if they hadn't done that and instead adopted Bitcoin, they could become millionaires today. 

So, it's their loss, we have nothing to lose if they think Bitcoin is a scam.

[benalexis12]

Yes it's a scam, look at the growth of it's price in just a span of two years and then look how it dumps after rising in prices, you can also look at the market history of bitcoin starting from 2009 to March 2024, look at how it's a scam. Check also the people that have their lives turned upside down because they've invested in bitcoin, bitcoin is definitely a scam, there's no two ways about it. That's why I've been invested in bitcoin for a really long time too, it's because it's a scam and you can't change my mind OP, no matter how much you say that it isn't.

There are only two types of people in the world we live in, those are believers and unbelievers, negative and positive people, that's all. And that's normal for things to be balanced, right?
It's like with electricity alone, we won't have light or light if there is no positive and negative, it's that simple.

So let's be thankful because there are people who don't know anything about bitcoin, so they think it's a scam, so I think that's fine.

[Volimack]

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

[CryptSafe]

I have come to understand that people who are calling Bitcoin names are those who are not well learned about Bitcoin. They are always quick to judge whatever result that comes out from the mouth just to discredit Bitcoin but little did they know that Bitcoin is now all over the world and people are tuning in to adoption and acceptance. OP I think telling people about it would help alot to change their mentality towards Bitcoin and enlightenment which is very much important to keep them informed about Bitcoin happenings.

[Out of mind]

Yet if there is a person who does not believe in Bitcoin, then there is probably no fool like him in this digital world. Although we know there are many people who are older who do not believe in such virtual currencies, mainly they only believe in fiat currency. Especially the gurus in our area don't believe in this Bitcoin, but they consider it as a scam, but there are also many people who considered it as a scam but later realized the position of Bitcoin and accepted Bitcoin. Although they consider Bitcoin as a scam without knowing about it, if they could discuss and analyze different aspects of Bitcoin, maybe I would believe Bitcoin. However, since the elders and the elderly are the ones who believe in Bitcoin today, we think that the future generations who will come after us will definitely believe in Bitcoin. And the next generation will definitely not trust fiat currency, they will do everything on Bitcoin instead they will do all their transactions with Bitcoin.

[Solokan]

Of course we are not surprised to hear the words that Bitcoin is a fraud, but yes, it is very funny if someone says that because as we know, Bitcoin's price has now gone up and has reached a new level and people who bought BTC in the past, for example, at $67k, of course have our can make a profit as long as our have the strength to hold BTC and can sell it now or wait for the bull run, but for those who don't have the strength to hold BTC, who buy at that price and sell during a bear market, for example less than $20k, will of course make a big loss.

In my opinion, usually people who say Bitcoin is a fraud are of course those who don't know enough about Bitcoin because those who already know about Bitcoin will have the potential to make a profit.

but honestly, in my personal opinion, fiat money is still needed, as is bitcoin and of course everything also has advantages and disadvantages.

[Essential10]

I don't think bitcoin will die out as a scam anytime soon, at least not in the next few ages I believe. Bitcoin price is above $70k now, yes it is possible that the price of Bitcoin can go down. So to say that it will disappear this kind of thinking is really unthinkable to me. There is no denying that Bitcoin investing is risky, now if you invest while Bitcoin is above $70k. If later the price of Bitcoin starts to fall and then you lose patience and sell your Bitcoin at a loss, your money will die, not the Bitcoin. However I'm not that worried about this, I'm holding on to my bitcoins for now hoping to break $100k when the bull run starts.

[Iranus]

~snip

In my opinion, usually people who say Bitcoin is a fraud are of course those who don't know enough about Bitcoin because those who already know about Bitcoin will have the potential to make a profit.

but honestly, in my personal opinion, fiat money is still needed, as is bitcoin and of course everything also has advantages and disadvantages.

Not everyone who calls bitcoin a scam has no knowledge about bitcoin, there are still some people who understand bitcoin very well but they still spread bitcoin as a scam. But we cannot know what their real purpose is, maybe they want to deceive people or maybe they are jealous because they missed the opportunity with bitcoin.

You're right, no matter how good bitcoin is, we will always need fiat currency in many cases. But the funny thing is that when many people know about bitcoin, they like to badmouth fiat but they still use fiat every day.

[Lantind]

I have come to understand that people who are calling Bitcoin names are those who are not well learned about Bitcoin. They are always quick to judge whatever result that comes out from the mouth just to discredit Bitcoin but little did they know that Bitcoin is now all over the world and people are tuning in to adoption and acceptance. OP I think telling people about it would help alot to change their mentality towards Bitcoin and enlightenment which is very much important to keep them informed about Bitcoin happenings.

Those who judge Bitcoin is open based on their knowledge will of course think that Bitcoin will make someone lose by holding it, but if they want to find out about Bitcoin of course they will be interested in using Bitcoin as their investment and it will certainly be very useful for their future.
You are right, by giving them the correct understanding of Bitcoin, of course this will reduce someone who misunderstands Bitcoin and this is very good because they will be able to teach other people about Bitcoin correctly according to what they already understand.

[Youngkhngdiddy]

If you buy bitcoin right now at $66.7k and then you see it going down to $15k, how would you feel? For sure you will feel scammed because your investment loses 75% of its value. Bitcoin is not a scam, but is a high-risk investment and just like it can go up to the moon, it can crash hard, and not everyone can take that risk. So, bitcoin is not for all.

And even if Bitcoin is not a scam by itself, there are a lot of scams involving Bitcoin, and that only brings bad reputation to the coin.

 Blockchain is the technology behind bitcoin. The blockchain technology can be used for numerous application in business. Bitcoin is the means in which miners are paid for facilitating transaction throughout the blockchain. Without bitcoin the blockchain wouldn’t work. As blockchain technology becomes more widely used, so will bitcoin. Not only that, but bitcoin is a way for anyone , anywhere to send funds globally, securely, cheaply, and almost anonymously. However I am not saying you can't lose money on it. If you don't believe in the technology then definitely don't invest more than you can afford. Bitcoin is not really about money or investment. The coins have value and people do invest in them but Bitcoin is about allowing trustless trade over a digital medium. It’s pretty simple in how it works and is not controlled by anyone. And there is the reason it can't be a scam. Because no one is running it. The technology may fail to live up to the hype. The value may go up and down. But it is not a scam.
   Apologies to the BTC haters. And other idealist. BUT BTC is a real product. And therefore is not a scam. It may be as bad product as some like to argue the technical details. And it may not end up as the top coin in the future but right now it works, you can buy it, and more products like the lighting network are being built on it. Everything in life is a risk to some extent, it’s up to the individual to do their own research as to whether an individual investment is right for them. My best suggestion as a way to obtain the level of conviction I have in Bitcoin is to read widely (plenty of material in libraries on this), possibly follow the logic of Michael Saylor on Youtube Bitcoin, and from there you can draw your own conclusions as to whether its a scam.

[batang_bitcoin]

there will be people that will always think of it as a scam even if you put proofs on the table that it's a legitimate thing, a legit money that can be spent to anything now in the world.

Well, maybe not everything just yet but we will get there eventually.

I wonder why we need to provide any proof or make anyone believe that Bitcoin is not a scam. Let them think whatever they want, it's not going to harm us or Bitcoin in general, nor are we going to get any benefit if they believe our words and stop thinking negatively about it. It's their loss if they are not taking Bitcoin seriously and still aren't mentally ready to accept its significance.

People from the past who used to do the same thing with Bitcoin are regretting their thought processes from back then because if they hadn't done that and instead adopted Bitcoin, they could become millionaires today. 

So, it's their loss, we have nothing to lose if they think Bitcoin is a scam.

You need to put something onto the mouth of these people that are persistent and keeps on mocking us that bitcoin is a scam. It's no longer an argument to them but more of wanting to flame bitcoin investors that's why giving some proof to them on how did you used bitcoin is going to make them silent. But if you're not into that kind of thing, it's also fine but for me, if I am not in the right thinking and they're already flaming too much, I'll just show them any proof that has benefited me from investing into bitcoin and it's not a scam.

[lizarder]

I don't think bitcoin will die out as a scam anytime soon, at least not in the next few ages I believe. Bitcoin price is above $70k now, yes it is possible that the price of Bitcoin can go down. So to say that it will disappear this kind of thinking is really unthinkable to me. There is no denying that Bitcoin investing is risky, now if you invest while Bitcoin is above $70k. If later the price of Bitcoin starts to fall and then you lose patience and sell your Bitcoin at a loss, your money will die, not the Bitcoin. However I'm not that worried about this, I'm holding on to my bitcoins for now hoping to break $100k when the bull run starts.

The narrative about Bitcoin as a fraud will never disappear because it was deliberately created to influence the public, even though most people are no longer influenced by this narrative. Fraud has been thriving among society and even before Bitcoin was created there were many narratives of fraud that were always associated with fiat currency and other investments. The increase in price is clearly getting better from the beginning until now and the process of bitcoin's journey has provided an illustration of how bitcoin continues to increase after finding the next ATH.

Bitcoin price rises and falls are common because this asset is quite volatile, but what makes it more fundamental is because it always brings about a recovery process until it is in a halving condition. There is nothing to worry about and most importantly how can we continue to accumulate bitcoins responsibly to get huge returns in the next ATH.

[CryptSafe]

I have come to understand that people who are calling Bitcoin names are those who are not well learned about Bitcoin. They are always quick to judge whatever result that comes out from the mouth just to discredit Bitcoin but little did they know that Bitcoin is now all over the world and people are tuning in to adoption and acceptance. OP I think telling people about it would help alot to change their mentality towards Bitcoin and enlightenment which is very much important to keep them informed about Bitcoin happenings.

Those who judge Bitcoin is open based on their knowledge will of course think that Bitcoin will make someone lose by holding it, but if they want to find out about Bitcoin of course they will be interested in using Bitcoin as their investment and it will certainly be very useful for their future.
You are right, by giving them the correct understanding of Bitcoin, of course this will reduce someone who misunderstands Bitcoin and this is very good because they will be able to teach other people about Bitcoin correctly according to what they already understand.

It is only those who are eager to learn and know what Bitcoin is all about can devote their time but as for those who are adamant, they will have to need time to really understand the fundamentals of Bitcoin and how it works so that they do continue in their misconceptions and being a a barrier to themselves from having knowledge of how Bitcoin works. I have had many experiences with this kind of people. We talk, we sometimes argue and we resolve to the fact that they have seen the reality with proof should facts to agreeing with my explanations.

[MinoRaiola]

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Millions of people go to work for a few thousand euros or dollars a month and they have to work several hours a day. Some 10 hours, others 5 hours, this 5 days a week, or more. At the end of the month they get the money into a bank account, which costs money and is controlled by someone else. The money you get on the account is taxed and if you want to buy something with it you have to pay taxes again. And now this: the state just print new paper money and that without an equivalent service in return. Just think about it and then decide what is best for you and your family and friends.

[Onyeeze]

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

[ajiz138]

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

The general practice is that when they consider bitcoin as a pump and dump it will be considered a fraud, there is no real asset value based only on the speculation of certain people, yes that is the thinking of those who do not believe bitcoin let them be silent because after bitcoin continues to rise then it will silence the conversation.

There are still many people who view bitcoin negatively this is still very reasonable because it is not in line with the government that can control it, they prefer a definite investment even though I myself consider bitcoin to be definite and a good investment instrument than other assets or other property.

[RewFrew]

Never i think like that. I think who have not enough idea/knowledge about Bitcoin he will tell Bitcoin is scam. But now a days Bitcoin is well established in world economy. It’s usability and credibility increasing day by day. Every sectors Bitcoin using now a days. Even now a days Bitcoin's marketcap and volume also increasing, as a result anyone cannot think without Bitcoin in economic sector. I think in future Bitcoin will more important in economic sector.

[Fatunad]

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

The general practice is that when they consider bitcoin as a pump and dump it will be considered a fraud, there is no real asset value based only on the speculation of certain people, yes that is the thinking of those who do not believe bitcoin let them be silent because after bitcoin continues to rise then it will silence the conversation.

There are still many people who view bitcoin negatively this is still very reasonable because it is not in line with the government that can control it, they prefer a definite investment even though I myself consider bitcoin to be definite and a good investment instrument than other assets or other property.

Only newbies are the ones who would really be calling Bitcoin as a scam and not into those who are already been here on this market for a while now or a couple of years already.It would really be just that normal that they would really be having that kind of impressions on the time that they've seen their portfolio become negative and not on the time that it is really that increasing or profiting. Due to lack of knowledge on how this market behaves then you would really be having that kind of approach and impressions that you are too positive but it turns out to be that negative and this is something on which you would really be having those kind of impressions and approach on how things do looks like. Bitcoin is a scam? Sooner or later you would be able to laugh into yourself on how foolish you are on believing such joke.Although it would really be better that you should be expecting not something with it. Invest on what you can afford to lose as always so that you wont really be stressing up yourself on the time that the price would really be dropping. How much more if the market would really be experiencing such drop then it would really be normal that you would really be ending up on those mixed emotions.

[Tmoonz]

Bitcoin is not a scam and can never be, it has proven beyond expectations, all the purpose to which it was made for are unvailling spontaneously, it is the best when it comes to the world class largest digital currency. It is still best and will remain the best. Those who doesn't believe about the potentials Bitcoin has are only narrowing their mindsets about innovations.

[Bushdark]

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

There are so many things we need to learn so that we can understand what we need to call a scam and we don't have the right to call a scam. The government is the one scamming us and we need to open our eyes and ask why we are paying tax for everything we do.
Even with the fund we have already paid tax for, we still have to keep paying the tax because everyone see it as an obligation and anyone that don't pay would have to be penalized. Bitcoin is really saving lives for better and we should not miss the opportunity.

[Ale88]

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

If Satoshi himself didn't want to waste time explaining what bitcoin was to people not interested in learning, nobody else should do it. If people are happy being enslaved by fiat currencies and paying a lot money for taxes, money that usually is either stolen or wasted, let them be. It's ok to talk about bitcoin if the topic comes up during a conversation but if the other person is not open to learn than it's pointless. Maybe they'll understand in the future.

[Natsuu]

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

Only those people who loses their money because of their impatience, lack of research, undisciplined effort are those who tell that Bitcoin is a scam. End even those who are scared of Bitcoins downfall, because they cannot cope for the risk taking that the cryptocurrency would require. Little do they know that their whole life is in matrix of manipulation by those who are real influential. The taxes, the schools, the news, real state, housing loans, those are being setup to scam people. But most people cannot see or understand it. They are already brainwashed and can't scape to true reality. That most political issue are being setup and manipulated by big people over the world. That's why to escape you need much of generational wealth, and Bitcoin can help you achieving that if you know what you are doing in the market.

[oktana]

You can’t blame them if they are adamant to Bitcoin and think it’s a scam because their whole life they knew only about fiat currencies. No matter how much you explain to someone who doesn’t have interest, they can’t see the advantages of Bitcoin nor why it is good. But we are all learning with time, so maybe in the future they could learn it from someone or somewhere else.

[FinePoine0]

Is Bitcoin a scam

It's  so funny  that at this stage and century , some people still believe that Bitcoin  is a scam after it has proven itself  over and over  which has led to it's massive adoption.

If anyone still thinks Bitcoin  is a scam and depending only on fiat currencies then he or she is a slave to fiat system and believe  it or not Fiat is brain rot.
There are so many things these peoples  must understand  to know why they are really  a slave to the fiat system.

Decentralized  nature
This is the major difference between  fiat and the bitcoin,  there's  no influence or control from authority  like government , no manipulation in transactions  or values everything done in bitcoin is transparency  as full  nodes could be run by anyone,anywhere anytime without hidderance  and this a way for showing every transaction on blockchain making double-spend bitcoins impossible.

In fiat everyone is subjected to the power of governmentand its agencies,  the supply ,circulation are always influenced by their Monetary  policies.

Supply
Bitcoin  has a specific fixed supply of 21M coin which will ensure protection against  every  from of devaluation , beside there's  a smaller  unit that can be used in btc(sats) incase of any form of scarcity and scarcity brings  about increase in price , bitcoin price is also determined by the demand and supply in the market.

On the other hand, fiat currencies can be printed at will by the government  and the supply will still be determined  by that single entity  which is still the government.

You know what the biggest  scam is :



Bitcoin  was and will never be a scam

**CoinL

Whoever posted this quote bitcoin scam doesn't know what bitcoin is. He is addicted to alcohol and does not know what to talk about and what to say. This is a proper transaction method as this is the only P2P Bitcoin transaction that is completed without a third party. Bitcoin has gained the most popularity among the people of the world and around the world because of these transactions, so these secure transactions will play a more important role as time goes on. So we are never worried about posts saying that Bitcoin is a scam, because we all here know that Bitcoin is actually a safe transaction system.

[Patrol69]

Bitcoin will not be what it is based on what comments are made about Bitcoin, but Bitcoin will remain as it is. Just as there are people around us who have a positive mind about something, there are also some people with a negative mind who always think negatively about everything. Someone said bitcoin scam and bitcoin can disappear from the market anytime bitcoin scam is the thing but it is not like that at all. Basically, those of us who know about Bitcoin and have been involved with Bitcoin for a long time may have understood by now that Bitcoin is not a scam at all but Bitcoin is the most reliable digital currency. As much as we think, we should be in the thought that the other person said something, we should not give so much importance to it.

[synchronym]

Those people who say that Bitcoin is a scam are ignorant of investing, I would say they have no idea about Bitcoin which is why they comment. Bitcoin is risky If we can check the market in Bitcoin and invest for long term with patience then surely we can get success in Bitcoin investment. Many times it is seen that if we invest by looking at bitcoin market urdu momentum then suddenly if bitcoin market goes down then we should not have volatility because bitcoin market is always volatile we think about that volatility and think about era if we invest bitcoin patiently  Of course we can succeed. But those who invest in bitcoins to get rich overnight I would say that if they invest overnight then they will not get a success .

[Belarge]

You can’t blame them if they are adamant to Bitcoin and think it’s a scam because their whole life they knew only about fiat currencies. No matter how much you explain to someone who doesn’t have interest, they can’t see the advantages of Bitcoin nor why it is good. But we are all learning with time, so maybe in the future they could learn it from someone or somewhere else.

We learn either in the hardway which have made many investors to quit or the easy way, which means stacking up profits with appropriate information. Been adamant to instructions that concerns bitcoin, don't blame them because most of them have suffered huge losses which have plotted the mindset of seeing bitcoin as a scam. It's facts, when one doesn't have a proper stands in the system and losing back to back to bitcoin, he or she will start sensing Bitcoin to be scam because there's no presence of evidence.

[fuguebtc]

Bitcoin will not be what it is based on what comments are made about Bitcoin, but Bitcoin will remain as it is. Just as there are people around us who have a positive mind about something, there are also some people with a negative mind who always think negatively about everything. Someone said bitcoin scam and bitcoin can disappear from the market anytime bitcoin scam is the thing but it is not like that at all. Basically, those of us who know about Bitcoin and have been involved with Bitcoin for a long time may have understood by now that Bitcoin is not a scam at all but Bitcoin is the most reliable digital currency. As much as we think, we should be in the thought that the other person said something, we should not give so much importance to it.

To put it more simply, instead of listening to what others say and hastily believing what they say, we should verify for ourselves what is true. If we easily believe that bitcoin is a scam just because of what others say, then if they say our parents or relatives are scammers while we are the ones living with the family, then what Is that trustworthy? We can't ban people from saying bad things or thinking bad about bitcoin because that's their right, our job is to authenticate things ourselves instead of easily trusting someone.

[blckhawk]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it.

Exactly, bitcoin investors and hodlers will almost always get the last laugh anyways, they can scream all they want that bitcoin is made out of thin air and that it's a useless thing that we put value into but they're all hypocrites that still considers fiat and gold as variable when both of them are just the same as bitcoin, their valuation was based on how much someone thinks it's worth and the demand it have on the market. I really like to listen to this kinds of people though, talking brashly and arrogantly about the things that they don't know about thinking that they're suddenly an economist or a trader just because they've watched a 20 minute video about economics online. Bitcoin haters will continue to hate even if the price goes up to a million in the future, so let them be, they will never have their minds changed or anything like that, they will never be able to move on or learn something new. I pity them though because I know that those haters deep inside wished that they've bought bitcoin back when it was still a chump change apiece.

[DanWalker]

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

[arwin100]

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

Three people exist says that.

One is those complete newbie which crying for their losses on bearish condition and think about bitcoin is scam due to that matters.

There are also people who knows about bitcoin but they hate it its because they have other favorite coin that they support and saying something negative is their way to shift the attention of people and try to see their project and gain a new investor that will support them.

And last are those institutional investors who want to manipulate on the minds of people, they play mind games so they can influence people to do action that they like and they always get benefit if they can influence people either to have panic and sell their bitcoin or either they want to FOMO them and convince to buy.

[CODE200]

Those people who say that Bitcoin is a scam are ignorant of investing, I would say they have no idea about Bitcoin which is why they comment. Bitcoin is risky If we can check the market in Bitcoin and invest for long term with patience then surely we can get success in Bitcoin investment. Many times it is seen that if we invest by looking at bitcoin market urdu momentum then suddenly if bitcoin market goes down then we should not have volatility because bitcoin market is always volatile we think about that volatility and think about era if we invest bitcoin patiently  Of course we can succeed. But those who invest in bitcoins to get rich overnight I would say that if they invest overnight then they will not get a success .

I can agree to that but not all of them are ignorant for the sake of ignorant, some of these people are either really old or have been scammed before and they don't want to take risk in bitcoin because if they're old then that means that they've got an establish belief and most old people don't really have an open mind for new things, they're too old to try something new and so they close the door on the opportunity to invest or learn about bitcoin while those that have been scammed before, they want an assurance that it's not going to make their money disappear but this is difficult with bitcoin because you've got to remember that bitcoin is volatile which could lead to half of your investment gone because the value of bitcoin goes down, now for those people, they'd see it as a scam because how can that happen in such a short amount of time. The moral in this is that we should never really care about this people anymore, they're going to go on and hate bitcoin no matter what positivity it's going to bring, they'll always be hating on it.

[Rabbitqt]

I have been in this space since 2012 and have made a nice fortune from it, but I have full intentions of dumping the rest of my BTC on this bull. The only good thing to come from BTC is blockchain technology. 
 
This space has aged terribly, and it isn't getting better. If we are judging this by the original white paper, then its use case has completely gone out of the window. I honestly believe people put way too much faith into the limited supply of BTC without realizing BTC doesn't have a purpose other than speculation, and the only group of people using it in day-to-day transactions are still primarily criminals, and it hasn't grown past that. 

Now we have the ETF, which is nothing more than traditional money trying to gain control of BTC. 

Besides scams and empty promises, what is BTC these days? Something to manipulate the new generation? I used to be starry-eyed and hopefully of this space, but now it's a very bitter pill to swallow... There must be some oldies who feel the same way.
 
 

[oktana]

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

Actually it makes sense not to quickly judge them because we don’t know what they have been through. It could be a really bad loss. But despite that, it must have been a misunderstanding that caused them coming to that conclusion because you can’t blame Bitcoin if you didn’t have proper knowledge before investing. It could also be people who have been in a “Bitcoin” pyramid scheme. At the end of whatever reason it is, it’s a misunderstanding though.

[macson]

the narrative about bitcoin being a scam has often been said by many people, even some of the richest people in the world have said this. but are their words about bitcoin being a scam true? not really, that's just their opinion saying that bitcoin is a scam, and everyone has the right to have an opinion on everything. so it comes back to us again, whether we follow these words or remain firm in the opinion that bitcoin is not a scam and in fact it is the most innovative and secure transaction system in the world today.

[AnonBitCoiner]

If Bitcoin was a scam then no one would have invested and no one would have got such a good profit. It is very difficult to convince people who think negatively. Bitcoin is the king of the crypto market so how can bitcoin be a scam? We are very grateful to invest in bitcoin as it has given us very good profits and held back in this bull run. Move forward with positive thinking and you will get good things.

Yes of course if bitcoin was scam then people will quickly realised this fact because scam projects ends very soon but bitcoin is not ended yet and become more successful day by day therefore it proves that bitcoin is not a scam asset
.
I think that bitcoin investor will never think that bitcoin is scam but those who cannot buy bitcoin and have no knowledge will definitely share wrong information about bitcoin. There is no evidence that bitcoin is scam but if we ask about it from the its holders we will not find any negative thoughts from anyone.

[Magic-Money]

Bitcoin is not a scam and since 2012 Bitcoin has come to exist, assuming Bitcoin is a scam, it could not last for a long period of time and has short down since. But instead it keeps spreading and growing rapidly with price movement increase with a very high demand on the daily basis. Therefore Bitcoin is created for difference purpose and usage.

[dezoel]

Those people who thinks and said that Bitcoin is a scam must be living in a cave. If not, well, they are only trying to spread a FUD there and will take advantage of the situation by buying when the price dips a lot. Lastly, they can be the government or banks who thinks that Bitcoin is a big threat to their businesses.

There are still people who are aware of bitcoin and believes that it is legit. They can even use it but it's just that fiat is more legal on their country and let's admit it, it is much easier to use than Bitcoin. Another thing on why people won't use their Bitcoin daily like a fiat currency, is they think it's too valuable due to its properties (e.g. it has a very limited supply).

[boty]

Those people who thinks and said that Bitcoin is a scam must be living in a cave. If not, well, they are only trying to spread a FUD there and will take advantage of the situation by buying when the price dips a lot. Lastly, they can be the government or banks who thinks that Bitcoin is a big threat to their businesses.

There are still people who are aware of bitcoin and believes that it is legit. They can even use it but it's just that fiat is more legal on their country and let's admit it, it is much easier to use than Bitcoin. Another thing on why people won't use their Bitcoin daily like a fiat currency, is they think it's too valuable due to its properties (e.g. it has a very limited supply).

When people have a good understanding of Bitcoin, of course they have done research about Bitcoin in depth so they already know that Bitcoin will be very profitable if someone collects it and can make a profit if they understand well how to take advantage of holding Bitcoin and are very correct in what What you say is that the government and banks will certainly be very worried if everyone believes in Bitcoin and chooses not to keep their money in banks anymore, which is only profitable for the banks but very little benefits for those who keep their money in banks.

Some people who believe in Bitcoin can of course use it as a place to store investment assets for the future, because currently it is still very difficult to use Bitcoin as a means of payment and most people save as an investment for their future.

[DanWalker]

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

Three people exist says that.

One is those complete newbie which crying for their losses on bearish condition and think about bitcoin is scam due to that matters.

There are also people who knows about bitcoin but they hate it its because they have other favorite coin that they support and saying something negative is their way to shift the attention of people and try to see their project and gain a new investor that will support them.

And last are those institutional investors who want to manipulate on the minds of people, they play mind games so they can influence people to do action that they like and they always get benefit if they can influence people either to have panic and sell their bitcoin or either they want to FOMO them and convince to buy.

This is what we need to pay attention to most of all, I believe that celebrities, organizations, banks or anyone who talks bad about bitcoin on a daily basis has a larger purpose behind it. They don't want too many people owning bitcoin, they don't want to share the wealth with too many people...but many people are falling into their trap. I never believed what they said and I didn't laugh or get angry like some people because I knew they had a bigger purpose. For me, the winner is the person who has the most bitcoins, not the person who always praises and brags about bitcoins but only has very little bitcoins in hand.

[GeorgeJohn]

Let them think what they want to; if they think Bitcoin is a scam, it doesn't make any difference for Bitcoin. Bitcoin has already proven what's in it; those who want to call it a it a Bitcoin scam don't really know how a decentralised currency works. Bitcoin wasn't created to make us rich; it was a p2p decentralised cryptocurrency to make a solution for a borderless payment system without a third party. How would Bitcoin be scammed when it wasn't controlled by anyone? Due to a lack of proper knowledge, a few people think Bitcoin is a is a scam. We aren't concerned about it.

The people that will be making such a reference that bitcoin is a scam is people who does not value bitcoin and who is against bitcoin existence so from my understanding many people has worked with Bitcoin like holding bitcoin for period of time, investing in Bitcoin for long season many people has done that and they can testify of the goodness of Bitcoin... so people who is condemning Bitcoin saying that bitcoin is a scam it is left for them so there are people who is against Bitcoin and they are not ready to test the abilities of Bitcoin investment.

I remember first hearing about bitcoin back in 2011 or 2012 because I used to follow financial news. And most of the time they were calling bitcoin a scam because how it lost 90% of its value and to never invest in it.

Then someone I know mentioned bitcoin and I told him it’s a scam and I am not interested. This was maybe in late 2012 and I regret reading that original article. Because if I invested in 2012 I would of been very wealthy today, that is if I didn’t sell everything in 2013 when it pumped again.

that is another reason why we not need to believe anything that will see online because some bloggers I have a fake information so what they need is for you to click on their side and read and for them to make money from viewing their article, assuming you will invested when you know Bitcoin you will become a billionaire in Bitcoin, so you have also noticed bitcoin is all about and they know quite well that bitcoin is a sincere digital currency, if you want to compare and also condemn the attitude of Bitcoin since it existence by now nobody would have embraced Bitcoin because it is a scam, but bitcoin has proved them wrong the many people today is into bitcoin investment due to is the showing a good evidence and there's so many other people have tried to understand the systems of Bitcoin knowing that the price is not constant and it is based on the price increasing and decreasing what makes some people to think that the Bitcoin is a scam whereas bitcoin is on it own to help easy transaction of currencies across other nations.

Those people who thinks and said that Bitcoin is a scam must be living in a cave. If not, well, they are only trying to spread a FUD there and will take advantage of the situation by buying when the price dips a lot. Lastly, they can be the government or banks who thinks that Bitcoin is a big threat to their businesses.

There are still people who are aware of bitcoin and believes that it is legit. They can even use it but it's just that fiat is more legal on their country and let's admit it, it is much easier to use than Bitcoin. Another thing on why people won't use their Bitcoin daily like a fiat currency, is they think it's too valuable due to its properties (e.g. it has a very limited supply).

you will not actually blend some people who is into a bitcoin investment newly because I can see that what makes some people to think that bitcoin is a scam is when they have not understand the regulations of Bitcoin and when they invest in Bitcoin when the price is high they may think that that is the way the price may be going high and if the price happen to depreciate or reduce in the market they will conclude that Bitcoin is a scam based on they have not make a profit during the investment... so when looking at it will notice that no one who has invested in Bitcoin and make a profit in Bitcoin will you say that Bitcoin is a scam based on they have already benefited from it.

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

many people knows about Bitcoin but the thing is that some of them who are saying that bitcoin is a scam have not invested in Bitcoin before why they are condemning Bitcoin may be based on people have scammed them with their payment of Bitcoin and they may think that as they paid their scammers with Bitcoin that means bitcoin is a scam, so this is the Aspect people contradict bitcoin technology with a scam because you investing in Bitcoin or you purchasing the Bitcoin and left it in your wallet and the Bitcoin vanish from your wallet it is when you say a bitcoin is a scam but you purchase a bitcoin bitcoin is still there and continue to be there in your wallet, the only thing that will happen to it is that when the price decreases it will affect your Bitcoin in your wallet and investing to make a profit you'll be a targeting when the price is on dip and purchase and sell when the price is high..... in summary why some people are refuting the fact that bitcoin is a scam is because people's come them with Bitcoin and they make their payment of scam with bitcoin that is why the always emphasize that bitcoin is a scam while bitcoin is not a scam from my perspective.

[great12345]

Bitcoin is not a scam, it depend on the business involved, beside bitcoin is a legit business that connect world together as one price in the ecosystem.

[Blitzboy]

Whoever posted this quote bitcoin scam doesn't know what bitcoin is.

This is not necessarily true, there are also many people who are very knowledgeable about bitcoin but for some reason they don't like bitcoin and don't want people to like bitcoin so they spread lies about bitcoin. If we can learn bitcoin easily then so can others, don't look down on them just because they say wrong things about bitcoin. We need to find out what their real purpose is.

Just like many famous people in the past said bitcoin is a scam, bitcoin is only used for money laundering but so what, now they are one of the investors holding the majority of bitcoin. If I remember correctly, the CEOs of Blackrock and Microstrategy were also people who spoke ill of bitcoin in the past, and currently they are the ones who own the most bitcoin.

many people knows about Bitcoin but the thing is that some of them who are saying that bitcoin is a scam have not invested in Bitcoin before why they are condemning Bitcoin may be based on people have scammed them with their payment of Bitcoin and they may think that as they paid their scammers with Bitcoin that means bitcoin is a scam, so this is the Aspect people contradict bitcoin technology with a scam because you investing in Bitcoin or you purchasing the Bitcoin and left it in your wallet and the Bitcoin vanish from your wallet it is when you say a bitcoin is a scam but you purchase a bitcoin bitcoin is still there and continue to be there in your wallet, the only thing that will happen to it is that when the price decreases it will affect your Bitcoin in your wallet and investing to make a profit you'll be a targeting when the price is on dip and purchase and sell when the price is high..... in summary why some people are refuting the fact that bitcoin is a scam is because people's come them with Bitcoin and they make their payment of scam with bitcoin that is why the always emphasize that bitcoin is a scam while bitcoin is not a scam from my perspective.

Not Bitcoin, but how certain people utilize it. Like any great creation, it can be abused, but that doesnt make it bad. Bitcoin is a revolution in money thinking.

Skepticism is healthy. However, those who disregard Bitcoin are missing the point. Blockchain is one of the safest, most open technologies. Blaming Bitcoin for frauds is like blaming the internet for one lousy site. Bad actors, not tools, are the issue.

The smart money is learning. Learning about money and Bitcoin. Giving yourself digital power is the goal, not getting rich quick. Smart investors realize the risks. They know when to act and see Bitcoin's long term. Clearly, a sensible, informed investment is vital.

[strictly0nGod]

Of course Bitcoin possess the scam attribute. In the land of the living it is right to suit yourself however you understand the life. One saying Bitcoin is a scam is right cos of the nature of the market. Everyone cannot say good about Bitcoin, most people have experience the worse aspect of Bitcoin in various dimensions. But one thing I'm so sure is guaranteed in Bitcoin market is "profit" and "loss".

[Youngkhngdiddy]

Of course Bitcoin possess the scam attribute. In the land of the living it is right to suit yourself however you understand the life. One saying Bitcoin is a scam is right cos of the nature of the market. Everyone cannot say good about Bitcoin, most people have experience the worse aspect of Bitcoin in various dimensions. But one thing I'm so sure is guaranteed in Bitcoin market is "profit" and "loss".

No, Bitcoin isn't a scam, it's just a currency. It works pretty well for what it was designed to do. However I am not saying you can't lose money on it. If you don't believe in the technology then definitely don't invest more than you can afford. Bitcoin is not really about money or investment. The coins have value and people do invest in them. If you understood Bitcoin, you would not ask that question. Bitcoin is nothing more than a very secure digital currency. A cryptography based currency that is in my opinion less of a scam than any fiat currency that preceded it. People who says bitcoin is scam is because they lack the knowledge, When they can’t keep up with the fluctuating rates of bitcoin, they think that they are facing losses as bitcoin is a scam.
  However, ask yourself questions about the current monetary and financial system which is one of total opacity and which allows corrupt individuals to embezzle hundreds of billions of dollars every year. Is this unfair system for the people a scam? It's up to you to do your research and find the answer you consider to be right. I already have my own ideas on the matter. Additionally, not all places accept bitcoin as a means of payment, so one should be careful and investigate the place where the bitcoin will be used.

[Sexylizzy2813]

Of course Bitcoin possess the scam attribute. In the land of the living it is right to suit yourself however you understand the life. One saying Bitcoin is a scam is right cos of the nature of the market. Everyone cannot say good about Bitcoin, most people have experience the worse aspect of Bitcoin in various dimensions. But one thing I'm so sure is guaranteed in Bitcoin market is "profit" and "loss".

That's what many who think Bitcoin is a scam thinks, they only feel Bitcoin is all about making profit and they fail to understand that it is either you gain or you lose. "Some" of those who experience the positive side of Bitcoin will tell the novice the sweet part of Bitcoin investment and leave out the ugly side of it and I believe that in as much as it works for you it can't work for the next person the same way it went with you.
And I agree with you that not everyone can say good about Bitcoin especially those who fail in investing in Bitcoin and they are the type that send negative information or news about Bitcoin being a scam.

[Taskford]

The people who says that bitcoin is a scam you the people that does not know the fundamental of Bitcoin beside the government has been criticizing a bitcoin right from time but yet bitcoin is still in existence so people who does not know the welfare of Bitcoin is people that condemn Bitcoin so from my view of understanding Bitcoin it is quite right that bitcoin is something that has to do with technology and it might happen tomorrow what will supercedes bitcoin will come out, so therefore bitcoin is a technology that has no effect on government and its not a scam.

The general practice is that when they consider bitcoin as a pump and dump it will be considered a fraud, there is no real asset value based only on the speculation of certain people, yes that is the thinking of those who do not believe bitcoin let them be silent because after bitcoin continues to rise then it will silence the conversation.

There are still many people who view bitcoin negatively this is still very reasonable because it is not in line with the government that can control it, they prefer a definite investment even though I myself consider bitcoin to be definite and a good investment instrument than other assets or other property.

Only newbies are the ones who would really be calling Bitcoin as a scam and not into those who are already been here on this market for a while now or a couple of years already.It would really be just that normal that they would really be having that kind of impressions on the time that they've seen their portfolio become negative and not on the time that it is really that increasing or profiting. Due to lack of knowledge on how this market behaves then you would really be having that kind of approach and impressions that you are too positive but it turns out to be that negative and this is something on which you would really be having those kind of impressions and approach on how things do looks like. Bitcoin is a scam? Sooner or later you would be able to laugh into yourself on how foolish you are on believing such joke.Although it would really be better that you should be expecting not something with it. Invest on what you can afford to lose as always so that you wont really be stressing up yourself on the time that the price would really be dropping. How much more if the market would really be experiencing such drop then it would really be normal that you would really be ending up on those mixed emotions.

Maybe newbies are the one calling bitcoin as scam especially if their expectation towards earning easy richest will not meet. We see a lot of this and this people crying because they lose their money from their wrong decision to trade bitcoin at wrong time. If newbies could just do a good research on what they want to know about bitcoin for sure those expressions saying bitcoin will not came in their mouths. But they would correct their approach and say that bitcoin is good investment especially they could able to see the result of the efforts they exert for researching.

Of course Bitcoin possess the scam attribute. In the land of the living it is right to suit yourself however you understand the life. One saying Bitcoin is a scam is right cos of the nature of the market. Everyone cannot say good about Bitcoin, most people have experience the worse aspect of Bitcoin in various dimensions. But one thing I'm so sure is guaranteed in Bitcoin market is "profit" and "loss".

Scam attributes of what? Scammers just use that as currency and bitcoin name has been dragged then include it as part of scam. That's why research is important so people will not create a wrong impression on bitcoin since if you just think about bitcoin is all about profit and loss then maybe you cannot see its real potential or usage.