Bitcoin Has Never Been A Scam.

[Assface16678]

Those who still believes that bitcoin is a scam, then the only proof is what is the current price of bitcoin todat, bitcoin has proven itself multiple times and including of course the new ATH or all time high in bitcoin price, and many people for sure benefit from it but still there will still people that would spread bad news or fake news in order to pull bitcoin down, but with the current state of bitcoin, its too powerful that no fake news will make it fall, so trully bitcoin is not a scam its just too complex for everyone to understand and it is understandable, even I become hesitant with bitcoin at early stage but later on I started gatherinf info and try to risk and I can say that bitcoin is not a scam, rather it is an opportunity that you should not miss, so for those who still spreading bad humor or fake news about bitcoin, think again will you let this opportunity missed?

[Popkon6]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Bitcoin has been faithfully surviving in the market for a long time, so far it has not been scammed. Nowadays everyone has done transparent transactions in Bitcoin, because it is the only coin that has existed for a long time without any scams. Bitcoin is legal in the country I live in. My government will never legalize it.
The government of the country knows that if it is legitimized and the government cannot hold them accountable if they fall victim to corruption, the people of the country are more likely to commit corruption. We have been secretly using Bitcoin a lot because we know the benefits of Bitcoin.

[GideonGono]

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

[AmoreJaz]

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

People just need to educate themselves to understand better what they are thinking about the new market. Once they understood it, they will have better perspective of what crypto or bitcoin is all about. For sure, up until now, a lot of noncrypto users still think that bitcoin is being used mostly in fraudulent activities, hence, they have negative connotation on this market.

A person can gain more insights on this matter if he is just open to reading articles online, at least from reliable sites. This will give him better outlook on this technology, and how it can be of use to a regular individual. This is not a rocket science, so I would say, reading would be enough to gain information from this market.

[angrybirdy]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

well said, I'm not sure if until now others still think of bitcoin as a scam, but now more people are interested in trading and investing in crypto, especially since bitcoin has proven its financial stability in the past years, Maybe it's better to educate others when it comes to this matter because there are a few people who thinks negative when they hear the word bitcoin, because the word scam, pyramid scheme, deepweb and other illegal things related to money are attached to it and investment.

[LogitechMouse]

Re: Bitcoin Has Never Been A Scam.

Yes, Bitcoin itself isn't a scam, but it is a tool being used by scammers to scam people hence, they call it a scam.

You know who these people are? Newbie investors who got scammed by scammers with the help of Bitcoin. Scammers used Bitcoin to scam these newbies, and since they're newbies, they don't know much about it hence, they are a perfect target for these scammers. They will scam them, and if they become successful, these newbies will blame both the scammers, and Bitcoin for their loss. Like fiat money, Bitcoin is just a tool that are being used by these bad people to scam other people especially newbies.

We can say things like blockchain, easy transaction, transparent, etc. but for a newbie, it doesn't matter to them because what matters to them is the money they lost, and how they lost it. They'll think it's Bitcoin that caused them to lose money that's why they will call it a scam. I know the amount of people who are calling it a scam decrease significantly already, but there are still who are calling it a scam, and we can't blame them especially if they had a bad experience with it.

[re-start]

If you had asked me this question 5 years ago, I would have said that all governments would accept Bitcoin and Blockchain. However, now I have noticed that most of the corrupt governments of the world are adamantly against blockchain. Why? Because they are corrupt and against transparency. They can easily steal using their old system, and none of us can see this corruption.

[Reatim]

well said, I'm not sure if until now others still think of bitcoin as a scam, but now more people are interested in trading and investing in crypto, especially since bitcoin has proven its financial stability in the past years, Maybe it's better to educate others when it comes to this matter because there are a few people who thinks negative when they hear the word bitcoin, because the word scam, pyramid scheme, deepweb and other illegal things related to money are attached to it and investment.

Despite more people becoming more aware and interested in bitcoin, we cannot convince closed minded people. Until now when they see a small dip in price, they will immediately call bitcoin for what they think it is which is a scam. These kind of people are hopeless especially when there are lots of material out there that could teach them about crypto. If they are the ones who refuse to learn they will never do.

[CODE200]

Can you give an example of bitcoin system integration by regulatory bodies because I haven't heard of any of the recent memory, I know how awesome bitcoin is so I'm sure that there's some groups out there that would try to replicate if not integrate how bitcoin works but so far, I don't see how that can be the thing that's happening with all of this. I do agree though that bitcoin has never been a scam, I mean I've joined a bit too late to the real bitcoin gold rush so I'd know that I'm not in the wrong when I say that, the thing that weirds me out the most though is that people are still thinking that bitcoin is a scam or that it's just a way for someone to steal your money and a make believe thing, that's what fiat currency is, a make believe thing but the only difference with bitcoin is that no one has any control over it and there's no way to print more of it.

[MiF]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Bitcoin can never be a scam,it is the most trusted coin and it is decentralized,no one can control it so we will always feel safe using this kind of coin than any other coin from the government,it is safe because it is digital and no thief can get it from you if you place your private keys in a very safe place.

[Kristiyana]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Bitcoin can never be a scam,it is the most trusted coin and it is decentralized,no one can control it so we will always feel safe using this kind of coin than any other coin from the government,it is safe because it is digital and no thief can get it from you if you place your private keys in a very safe place.

Obviously bitcoin is not a scam, bitcoin has proven to be the most reliable and also the most profiting coin in terms of crypto investment. bitcoin is also a good asset that can profit One in the future, of course bitcoin is decentralized which means no one has authority over bitcoin, it works on it's own even the government does not have control over it. However I think that's the reason why they are fighting to put and end to this digital currency, because the government always want everything to be under there control.

[Essential10]

Right now I personally don't think that Bitcoin can turn into a scam in the next 20-30 years. Since Bitcoin is unregulated, there is no chance of it becoming a scam very easily. Cryptocurrencies are alive and well in the future because of Bitcoin. Yet many have ultimately failed to control Bitcoin. People are showing interest now, I think Bitcoin is just the beginning of a new journey, there is a lot more to see.

[fuguebtc]

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

Scam stems from human behavior and greed, bitcoin or fiat currency is just one of the tools used by scammers to scam people. But the irony is that people like to blame bitcoin and crypto every time they get scammed, they never admit that it is their fault. They never admit that it was their stupid greed that made them fall into the scammers' trap, and they don't stop there, they continue to propagate that bitcoin is a scam and is the cause of their lost money. For that reason, many people who are not yet involved in cryptocurrency think that the cryptocurrency market is a scam.

There have even been conflicts among market insiders, with many blaming altcoin projects for being scams and giving bitcoin a bad reputation. It is true that there are many scam projects created and those who criticize altcoins are not completely wrong but not completely right either. Because if we all know how to restrain our greed and not participate in projects that promise high profits, who can scam us? We ourselves are also contributing to creating scam projects because we cannot control our greed.

[Mophymac]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.

As you mention, the transactions are public information but what makes people trust bitcoin is the fact that it's an open-source project. We can trust in the source code and we know it will not have a weird move in the future that could affect the users.

Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

What financial stability?

Which companies are happy?

What legal rights?

In what country?

Lol, that last sentence from OP makes my brain melt 

(2) Many companies around the world have started accepting Bitcoin as a form of payment. Some companies like Microsoft, , Shopify, and Tesla and some many of them. These companies allow customers to use Bitcoin to purchase goods and services, improving the growth and acceptance of cryptocurrency in the business world.

[Mophymac]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.

As you mention, the transactions are public information but what makes people trust bitcoin is the fact that it's an open-source project. We can trust in the source code and we know it will not have a weird move in the future that could affect the users.

Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

What financial stability?

Which companies are happy?

What legal rights?

In what country?

Lol, that last sentence from OP makes my brain melt 

(4)..Some countries like United  State, Canada, Japan and some European countries uses Bitcoin as a mode of payment.

[khalidkhan82118]

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable  and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

How do you think this increased acceptance will impact Bitcoin's use in everyday transactions? Also, are there specific examples of companies successfully integrating Bitcoin into their systems?

[Baki202]

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

From the past years people know that bitcoin is not a scam and bitcoin have helped people a lot of people finically and the same time people have take advantage of its privacy to want to scam people but we know bitcoin is not scam and their is assurance that if you are scammed if you can get to the authorities they will know exactly what to do in such cases. People also use other currencies to also scam people so it is not only bitcoin. Since people started doing awareness people started understanding bitcoin because a lot of people did not even know what bitcoin was all about and all the idea they had was that if they invest the next they will lose their money all this was because they didn’t understand the concept of the investment but now people are more enlightened about bitcoins compared to then. And if they listen to fiancé news they would have made encounter with news about bitcoin is that scam then no.  Everything is based on informations, not just deciding that an investment is scam.

[Kelvinid]

Bitcoin is not a scam but unfortunately, scammers make use of the name Bitcoin as a tool for scamming.
So many people misunderstood it and we can't blame them either because of lack of proper education and some influence also from those who become a victim of scam through the name Bitcoin.

And I could say that no matter how reliable is Bitcoin to us but it has no escape from negativities spread around. And it was hard to convince people who already have negative in mind. That is why I don't encourage someone to invest here if doubts are in their mind, this is not meant for them.

[dzungmobile]

Bitcoin was launched with its genesis block in 2009 and back in that year, it has no price for trading. Satoshi Nakamoto did not create Bitcoin and sell it to anyone.

How is it called as a scam at start and early months?

There are scammers use the word Bitcoin or Bitcoin pizza story to launch their scam projects but Bitcoin is not scam coin.

Scam projects and coin die, Bitcoin is not scam and it is here to stay.

[Blitzboy]

Bitcoin has never been a scam, and anyone who argues otherwise is either ignorant or selling something. Blockchain technology makes Bitcoin transparent and secure. Bitcoin is finance's future. Its a novel way to move value internationally without government or bank interference. Its value cant be increased by reckless politicians. It empowers people and businesses worldwide.

Some bad actors have sought to use Bitcoin for evil, but thats true of any technology. Bitcoin is a powerful instrument that can be used for good or evil, so we must use it responsibly.