Bitcoin Has Never Been A Scam.

[Marvell1]

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Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.

Really bad how people are believing the outside view of Bitcoin other than finding on their own the real nature of Bitcoin, I believe most people are just into accepting what the circle of people they find themselves together say about Bitcoin, if they talk good about it they try to invest and if they should condemn they just quit on accepting Bitcoin. Yet, in all the accusations we can still record an increase in the involvement of more people into Bitcoin compared to some years back, this should aswell serve as an inspiration and urge as many to avoid believing the condemning advise from people.

That's not necessarily too bad because everything takes time and we should also give people more time to understand bitcoin better. As you said, although there are still many people who are ignorant and still misunderstand bitcoin as a scam. But as we have also seen the number of people participating in bitcoin increase every year, it shows that people are gradually becoming more open to bitcoin and starting to love it.

Although bitcoin adoption and people's understanding of bitcoin is progressing quite slowly compared to our expectations, but I think bitcoin will soon become popular globally and people will have to compete to own bitcoin no matter how high the price is. To me, the popularity of bitcoin was inevitable.

[redsun114]

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.

For sure there are still people who are negative, un-openminded , and un-explorable to think that BTC is a scam. BTC is stable in a way that it's not collapsing hard and can always recover but not stable because of its active price fluctuations. If you have plenty of time, patience and other resources... you can proceed with your plans on educating the people towards it.

It is not necessary anyway but I can only wish you a good luck for that. Before BTC, the negative words you listed there are already there, so they should not point it all towards BTC. The same when they say that BTC is damaging the environment. That's a ridiculous excuse.

[Onyeeze]

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 is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.

[btc78]

I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.

The government is trying their best to make bitcoin seem unsafe due to its lack of regulation and control from an authority. We can not deny that there really are some people who feel safer if it has the stamp of approval from the government. These are the same people who feel that bitcoin is not reliable because it isn’t backed by anything and is just created by a random person they don’t even know about. If that’s the case then they could purchase bitcoin through etf instead if they still want to be part of it somehow

[blckhawk]

I don't even know of any people that have said this about bitcoin, I'm pretty sure that no one is saying that anymore too, the only old narrative about bitcoin that I believe is still on the horizon is that bitcoin is a tool for money laundering. I feel like if you're with this type of people, you should entirely avoid them so as not to make any kind of acquaintance with them and it's probably toxic for you to be with them because they're only spouting garbage and many other stuff to you and other people.

This is the first time I've seen a post like this, Bitcoin can't be a fraud. Bitcoin is the king of coins in my opinion. try to pay attention to the market now, if the price of bitcoin goes up it will have an effect on other coins, likewise if bitcoin goes down it will also have an effect on other coins so is it possible that bitcoin is a scam that doesn't make sense.

Because I believe that this has been a thing back in 2010 or 2011 that this kind of thing has been popping up which is understandable, it's an Internet currency that you literally have to buy because you believe it has value and that the person/people that have made it is totally anonymous but bitcoin's already crossed the $20k price mark a long time ago, I don't think that it can be a scam if it can reach that point.

[God bless u]

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.

Yes it has the transparency in transactions upto an extent but the thing here is that how it's volatile then. Why the market is not responding like the way we expected that it would after halving. These are some questions the have no answers.

There's only one answer to it , that big investors that invest thousands of dollars in BTC have a control over the prices and market conditions. They manipulate the market like the way that benefit them.

[bluebit25]

Scams are created by humans, and they always find ways to justify wrongdoing through blame. With bitcoin, it's like saying it's used for criminal purposes, or a ponzi game,...

Perhaps if criminals weren't bad, people who took advantage of greed would benefit,... then there wouldn't be any tension.

But it doesn't matter that on the journey of bitcoin receiving acceptance from everyone, skepticism is inevitable, after all, bitcoin still works the way it works, it's just the way we apply it.

[kryptqnick]

Bitcoin is very reliable in a sense that there's no way to fake it and there's no practical way to manipulate it. Some attacks are hypothetically possible, but require too many resources to be actually attempted. As for temporary price fluctuations, it seems that they can be achieved with dozens of billions of dollars, but the price eventually recovers anyway. That being said, if one isn't very familiar with how to use Bitcoin, there are certain pitfalls. For example, you might accidentally set a transaction fee too low and get it stuck, or set it too high without the possibility to get your money back. And if you lose your passphrase and password to your non-custodial wallet, you can't recover access and the money is lost.

[Mrbluntzy]

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.

If Bitcoin was a scam, you will not see people proceed into  investing in Bitcoin like the way lots of people are investing in it today. Bitcoin has made some people to be extremely rich, including some traders who have become rich because they are trading Bitcoin on centralized exchange. There's no way to allegedly prove that Bitcoin is a scam, only the people that don't have legit knowledge about Bitcoin will think that it is a scam.

[Andrija Branislav]

If Bitcoin was a scam, you will not see people proceed into  investing in Bitcoin like the way lots of people are investing in it today. Bitcoin has made some people to be extremely rich, including some traders who have become rich because they are trading Bitcoin on centralized exchange. There's no way to allegedly prove that Bitcoin is a scam, only the people that don't have legit knowledge about Bitcoin will think that it is a scam.

It's not BTC that makes people rich, friends, BTC is an investment tool which, if done correctly, will bring profits and the time period is also short. This is one thing that is different from other ordinary investments.

If it says BTC it is a scam. Of course, my opinion is the same as what you expressed above, no, that's far from my current thinking.

[rodskee]

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.

You have told us everything that the goodness of bitcoin in the market and in its believer this is the same
reason why we are still in thos and investing keeping our holdings and using this as payment as well.

Scams are created by humans, and they always find ways to justify wrongdoing through blame. With bitcoin, it's like saying it's used for criminal purposes, or a ponzi game,...

correct this is why it sounds stupid when people
 are putting scam to its name because that is impossible and not the reality ,
this is a currency and not something that act towards the process.

[0t3p0t]

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.

Only people with little to no knowledge about it will think Bitcoin is fraud and scam. Bitcoin is just a tool that scammers use to trick innocent people. It is a tool we can utilize to make gains. Financial institutions, billionaires and professional investors even trusted Bitcoin as one of their asset. If Bitcoin is a scam then why it is one of the most valuable asset to date?

[justinlamode]

Bitcoin should be about the most transparent currency out there that is not under the control of anyone. If we want to refer to anything as scam, it should be the fiat system that governments print as much as they want, fix the rate and manipulate everything. That is what scam means yet they attempt to convince us that Bitcoin is a bubble or scam. No doubt some bad players uses the popularity and other features of Bitcoin to commit scams but that does not mean that Bitcoin itself is a scam. Bitcoin is clean, accessible and very far from being a scam.

[Iranus]

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 is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.

We already have bitcoin ETFs in the US and Hong Kong, and more countries have also legalized bitcoin and it is growing every day. How can you say that the government is against bitcoin and that's why people misunderstand bitcoin as a scam?

Also, let's say the government is against bitcoin but documents, information, knowledge about bitcoin are still rampant on the internet and anyone can find them easily. Why don't you think that it is because of the ignorance and laziness of many people that has caused this misunderstanding? According to you, if you are greedy and want to get rich quickly, and you participate in a Ponzi project. Do you think this is the government's fault or is it your greed and ignorance?

[Nheer]

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.

Alot of people make conclusions about bitcoin being a tool of scam without actually knowing and understanding anything about it. For instance in my country most people believe any online platform to be scam because of how some previous ponzi platforms scammed them in the past making it so difficult to convince them into accepting bitcoin. Alot of them have realized their mistakes and are now finally getting the concept of bitcoin.

Bitcoin has presented us with lots of opportunities to benefit from but contrary to your statement, regulatory agencies and financial institutions in some countries are not encouraging the adoption of bitcoin only a few of them have given their support because they feel bitcoin has challenged their authority and with the general adoption of bitcoin they will lose control over people’s finances. Despite the government and authorities fighting against bitcoin it has still grown to become widely accepted by people and now regarded as one of the best asset and investment. It still has the potential to grow beyond imagination.

[Blitzboy]

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.

Alot of people make conclusions about bitcoin being a tool of scam without actually knowing and understanding anything about it. For instance in my country most people believe any online platform to be scam because of how some previous ponzi platforms scammed them in the past making it so difficult to convince them into accepting bitcoin. Alot of them have realized their mistakes and are now finally getting the concept of bitcoin.

Bitcoin has presented us with lots of opportunities to benefit from but contrary to your statement, regulatory agencies and financial institutions in some countries are not encouraging the adoption of bitcoin only a few of them have given their support because they feel bitcoin has challenged their authority and with the general adoption of bitcoin they will lose control over people’s finances. Despite the government and authorities fighting against bitcoin it has still grown to become widely accepted by people and now regarded as one of the best asset and investment. It still has the potential to grow beyond imagination.

Wow, so many people critique Bitcoin without grasping the basics. They hear "crypto" and think "scam,". I understand. Like any industry, crypto has unsavory personalities and scammers. But shaming Bitcoin because of a few rotten apples is wrong. Like throwing out the baby with the bathwater.

Bitcoin is revolutionary and could revolutionize how we think about money and finance. Its decentralized, transparent, and secure, giving people more financial control. Its a currency and a movement away from established financial institutions that have dominated for so long.

Naturally, major banks and governments are unhappy. They're used to being in command, but Bitcoin threatens it. They propagate fear and falsehoods to deter people. Bitcoin is here to stay and will only grow.

[Yatsan]

Those who believes in such way are either lacking knowledge of this industry or just trolling. This impression is due to people who invested with high hopes simply because there are actual people who won big amount. Without any investment plan, they will engage and embrace the risk from market price volatility. Once they suffered from big loss, they will panic and sell everything in beliefs of cutting the loss. However, what's best is to just continue. This happens simply because some investors are only after smooth winning outcomes and without also considering the rough journey. Bitcoin has never been a scam. It is a highly profitable asset IF you'd know how things really work in this blockchain.

Tip of advice; it would save your time and effort if you will have your readings first before making any unsolicited comments to something you don't know that much about.

[ChiBitCTy]

Well if you ask anyone who says bitcoin is a scam, how bitcoin works, they have absolutely no response because they have absolutely no clue how it actually works.  I remember when people use to say this to me all the time back in the 2015/16/17 days.  My first question to them would always be "Okay, do you know what the blockchain is, or can you explain how it works"..never once was any single one of these persons able to do so.  So, there's really just a lot of noise out there.

[Sakanwa]

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.

we all know Bitcoin is reliable and potential for legitimate use, but the government don't really see Bitcoin this way they see Bitcoin as a treat to the society. Why because their are so many platforms out there and it's something they think it's a fraud to youth's, who are investing towards it and that's why the government made Bitcoin Decentralized and not making it Centralized cause they're afraid of it. Everyone who's into Bitcoin investments knows that Bitcoin is what will need for ourselves, but their are some people who doesn't want Bitcoin to become Centralized of which they can operate with banks as well. And if they work with the banks that means they Centralized so what I mean is that we know how legitimate Bitcoin is but the government don't see it that way.

[slaman29]

Well if you ask anyone who says bitcoin is a scam, how bitcoin works, they have absolutely no response because they have absolutely no clue how it actually works.  I remember when people use to say this to me all the time back in the 2015/16/17 days.  My first question to them would always be "Okay, do you know what the blockchain is, or can you explain how it works"..never once was any single one of these persons able to do so.  So, there's really just a lot of noise out there.

Not really. I have met some people who say Bitcoin is a scam and they do know how it works. They know even more than the average BTT user. They know the hashing work in building blocks, the know the nature of the code, stuff like that, but they started out calling BTC a scam because they thought the founder was maybe honeypotting for the CIA or similar