Is Bitcoin a scam

[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.