Is Bitcoin a scam

[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.

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[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.