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.