Every other things are scam except Bitcoin

[HajiBagi]

So if I understand you well as E be now na only Bitcoin be better investment the remaining ones na scam?  Na your opinion but no be only Bitcoin be better investment, there are many coins that people invest in and also earn something out it, Bitcoin fit be the best among the rest coin but that doesn't mean that we fit dey spoil the remaining because say Bitcoin dey popular and everybody like to invest in Bitcoin than any other coin, invest na invest and if you invest in any better coin you will earn profit as far say you invest in a good coin.

No go think about how people take dey give advise say it is better to invest than Bitcoin than any other coin, they are also good but the reason why people mostly advise about Bitcoin is because Bitcoin is very understand than other ones and it won't look like a risky invest for you, you fit get money to invest in Bitcoin make another person no get and there will be a good coin wey be say if he invest he will earn better profit, so make we no too spoil another investment to make people know that they are not a scam.

[DPHOR]

Bitcoin is known to be the most valuable assets out there and it's trusted than any other coin out there, I can clearly direct people to invest in Bitcoin than any other coin out there because you can't trust other coins. Newly coin are the worst set of coins to invest on because you can't trust the project owners and what they have in mind or planned to do with the investors funds. There are some reputable coin in the market we can trust such as top 20s or above are more reliable.

[CryptopreneurBrainboss]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

E get anybody wey wan disagree with you do. Bitcoin na the father of all crypto, without Bitcoin, crypto no for get level and if to say Bitcoin no succeed, no altcoins for get investors self.

But no talk say every other thing na scam, just that they're not worth it for most of the crypto projects out there and for those wey worth am still hodling Bitcoin is better than them.

If you want short term profits na them you fit they follow but if you want a longer partnership that guarantees your future, na only Bitcoin fit run am for you.

Majority of the projects wey they trend now and they hot for everywhere like them trump memecoins so no go dey around tomorrow but Bitcoin belike air, e go dey althrough the existence of the industry. Anytime wey Bitcoin die, the industry done finish be that.

[Richbased]

Bitcoin is known to be the most valuable assets out there and it's trusted than any other coin out there, I can clearly direct people to invest in Bitcoin than any other coin out there because you can't trust other coins.

No need to direct anyone to invest in bitcoin, you can tell them about bitcoin and every other thing they need to understand like it's volatility, market fluctuations and all that then you can also teach them to have a basic knowledge about it then if they bring out their mind to invest, it will be good but let it be that they choose to invest on their own and not being led by anyone.

Newly coin are the worst set of coins to invest on because you can't trust the project owners and what they have in mind or planned to do with the investors funds.

Sure newly introduced coins can be misleading to anyone who want to invest in them because most of them are scam projects that just want you to invest and before you know it, your money is gone and that is why it is better to invest in coins that have stayed for many years and has experienced growth since they were invented.

There are some reputable coin in the market we can trust such as top 20s or above are more reliable.

A coin being amongst the top 20 do not mean that they can be reliable, you have research thoroughly before you agree to invest in any coin.

[Yablee0]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

My bro, I comment your love and passion for bitcoin but the way you tagged every other crypto assets way no be bitcoin as scam na watin way no too make sense for my eyes.

You no cap well for that aspect, every body with there different choices in life, watin Mr Ben like for instant no be watin Mr John go like. You can decide to invest in bitcoin base on your love and trust for it and succeed while other invest in any other crypto platform and still gain success as well.


My advice and little take on this matter is that, before starting up a topic make sure you review it properly, think about it well if it is making sense or not, so that you will not end up having issues instead of merit that you desire. Thank you

[Agbe]

Since you know say everyone get their own opinion on a notional concept like this then you for make specific for other to understand am more because as e dey like na everything you dey refer am and not cryptocurrencies only. In philosophy there are some particular words we no dey use in public and "Every" na one of them. Everything means, all both  business and workers and bitcoin itself can't come out without businesses and jobs. If those things were not an existence, where you go think say, you go get money investment in bitcoin? Abi you hack people wallet? See there are some words you don't have to use in di public domain. You would have said in crypto community Bitcoin is the best and any other crypto is a scam. Simple as that.

[JB_F]

Making statements such as this makes one to question the kind of educational system we have in today's society.

Saying that every other thing is a scam apart from Bitcoin, without "quoting" your statement shows your level of understanding.
Bitcoin is indeed the biggest currency in crypto so far, but your statement emphasized on EVERY OTHER THING.

EVERY OTHER THING in the meaning of your statement may also mean the food you eat, money in your aza, air you breath, etc.

When you make hypothetical statement such as this, try and put parenthesis to it, this would show that the speaker only know the intent of that statement, and then further analysis would expatiate the very meaning of the statement for proper understanding of the audience.

[Lida93]

Generalizing every other thing as scam is inaccurate @OP. Don't you understand that everyone have choice of what they want to invest their money on and they can invest in every other asset apart from Bitcoin, do you mean that other asset are scam? The fact that you don't like other assets apart from Bitcoin, doesn't make that asset a scam. We (Bitcoiners) knows that bitcoin is a very great asset but yet there are still some rich dudes that made their money from other source of income.

If it is cryptocurrencies, majority of them are bump and dump. Bitcoin is far better. Cryptocurrencies are the scam that exists today that is beyond the control of regulators and governments. Although, some people can argue about it and use gambling to refer to something like that. We can not say gambling is scam. But it is good for people to understand what cryptocurrencies are before investing but they are not all scam.

For an experienced person within the cryptocurrency  it is not anything out of our knowledge that most of the cryptocurrencies  that are finding their way into the exchanges are  scam projects with a plumber and dumb pre-emptive strike on investors. But for the OP having to generalize his statement is where and what is raising the questions.  Absolutely, there's no coin as bitcoin and there Is no rival. The crypto space nowadays has become so porous that the government seem to finding it difficult to completely have control of it and that's what has made cryptocurrencies scams to continue escalating.  So it's no wrong to refer to altcoins investment as gambling because the risk is just something similar

[laijsica]

Bitcoin is undoubtedly a great investment that will give you huge profits, but you should set a long-term plan for it and consider a sure source of discretionary income and backup funds.

Investing in Bitcoin for the long term is guaranteed success from there, but we would be wrong if we think of this investment as a get-rich-quick method. Also as you mentioned that to invest in Bitcoin you need to ensure discretionary income and backup funds, maybe it's not quite right because if there is a source of income in the initial stage then you can start investing through that. When the market price of bitcoin falls, we use the backup funds to buy more bitcoins with less money or for other needs.

Need for a backup fund is important for long term Bitcoin because it allows you to keep it in line with real life such as if you lose your job for some reason or are sick or need money for other urgent needs then a backup fund will allow you to use your invested holdings. You can meet your emergency needs through a floating cash fund and at the same time continue to accumulation Bitcoin in the long term. This is a strategy to keep the capital of Bitcoin investment intact which will increase over time and accumulation Bitcoin regularly in each cycle.

You can start saving Bitcoin without a backup fund, and this is often the case for new investors. A backup fund is very important for the next long term cycle and front loading Bitcoin.

Other investments are good but they have a higher risk potential and at the same time the right choice may give high profits but it is an uncertain investment. op's idea is that there can be a lot of debate to come up with a logical solution to other scams besides Bitcoin. There are many cryptos in the market that give reasonable success and additionally huge losses due to price drops.

While it is true that we need to diversify our investment portfolio, there are some potential coins. Maybe they are very unlikely to be scams, but there are some Shitcoins that are outright scams. Many people lose a lot by investing in such coins, i.e. they lose all their money. Therefore, to invest, we should give Bitcoin the highest priority over other currencies, meaning we should invest the largest amount of money in Bitcoin.

Surely! You should be aware of potential scams so that you can determine the strategy for saving valuable capital properly. To get a diversified and decent portfolio you should give more importance to Bitcoin accumulate and diversify it by choosing other currencies at the next level. To diversify the portfolio you should be experienced in the crypto market so that there is no possibility of losing most of your invested capital even in the midst of huge market fluctuations. Because most shitcoins have a price drop that is higher than expected in a short period of time.

[knowngunman]

E get plenty cryptocurrencies wey be scam, but no be everything, remember say coin fit no dey perform well no mean say na scam. I be bitcoin believer and i no dey too go near altcoins, but i no gree say all altcoins na scam, Monero na good example, na better privacy coin wey plenty people dey use, and there are other examples too.

Wetin you go talk be say most altcoins dey like pump and dump coins and dem dey very risky. If you no dey ready to gamble or take too much risk, e better say you just buy bitcoin, come hodl am for the long term.

From the image wey Op share, that statement na general statement and not specific on whether it's cryptocurrency alone or including other aspects of our life. However, since it mentioned Bitcoin we'll assume the speaker is specifically talking about cryptocurrency but whatever the case maybe, that is entirely wrong perspective.

I agree with you on this because our people especially, they normally believe a project or coin is a scam if the price is not going with their expectation. Once they see the price of a coin declining, they will assume it is scam which is not always the case. Quite alright, I believe there are plenty of scam altcoins out there but generalising them all as scam is very unfair. We all belive in Bitcoin but we can not target altcoins or discourage people from using it, at least they are aware of the risk involved in both.

[Promocodeudo]

Bitcoin is known to be the most valuable assets out there and it's trusted than any other coin out there, I can clearly direct people to invest in Bitcoin than any other coin out there because you can't trust other coins. Newly coin are the worst set of coins to invest on because you can't trust the project owners and what they have in mind or planned to do with the investors funds. There are some reputable coin in the market we can trust such as top 20s or above are more reliable.

Buddy you're are very right, Bitcoin is the best digital asset and if you look closely to my comments here in the forum, I don't compare Bitcoin with any shity things, Bitcoin doesn't have any trust issue, this innovation and technology was built on tust and the technology behind it which is blockchain technology does not allow any form of trust issue and again entity or institution control.
As someone that understands cryptocurrency (Bitcoin) you must be careful of new and over hyped coins just as you said, for me it has always been Bitcoin, I know people will say why am I always saying this, yea the question may be right but in reality I have reason for my decisions and my reason is the fact that I don't want to fall victim to what I already know that isn't trust worthy, so why making such a mistake, am still acumulating Bitcoin and at this stage I wouldn't want any form of distraction so I prefer to concentrate than to be distracted with something that may lead me to regret.

[Huppercase]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

How do you define a scam?

scam. /skæm/ us. /skæm/ a dishonest plan for making money or getting an advantage, especially one that involves tricking people

Source: https://dictionary.cambridge.org/dictionary/english/scam

That's how scam define. Other coins are not scam literally, they just behave in a sort of way that they always interest of the team before anyone and that's the difference between them and Bitcoin. There is no foundation in Bitcoin while in altcoins, teams does have some coins as reserve, Bitcoin doesn't have team allocate, just mine and help secure the network but in altcoins there is team allocation and sometimes, they do hide some tokens in some other wallets to sell, lack of transparency. These things is why Bitcoin is better but that doesn't mean all altcoins are scam.

If you ask me which coins are scams, I will say meme coins. They are the worst of the worst I have seen in crypto but because it's been labeled as fun and play, people hide under that to carry out a lot of scams. A celebrity can launch one and sell the next day and call it a day. This is the worst thing we let exist in crypto but they love it anyways.

[rachael9385]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

Well, there's no coin that moves on the same pace as Bitcoin but that doesn't make all of them a scam. Over the years some altcoins have appreciated in price even though they don't move in the same speed like Bitcoin. So I'm going to correct you on that statement, just because they are not like BTC doesn't make them a scam. Some memecoins have made a lot of people lose interest in crypto because they bought and expected to have some profit only for them to end up losing. I'd take it that they are just after making quick money. BTC to some seems to be an investment that takes a lot of time to pay off.

[Dee_BlackdAddy]

Exactly,what you said is very correct other shitcoins are scam to me,I have a friend who is into shit coins all he do everyday  is complain about one shitcoin he bought last year that the way the schitcoin is decreasing in price that he doesn't even understand,which I have told him before that he should invest in BTC, right now his regretting why he didn't invest in BTC when telling him.

[adultcrypto]

By definition of what a scam is, I don't agree with you because there are several genuine cryptocurrency out there that have been around for many years and have even made many of their investors rich. To me scam is something design to steal people money so not every cryptocurrency was designed that way. How do you tell me that Ethereum that birthed the wonderful innovation of smart contract is a scam? DO you even know what you are saying? You may love bitcoin just like most of us do but please don't let such love blind your eyes to think that everything is scam except bitcoin.

[Asiska02]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

Bitcoin may have its exceptional values and what differentiates it from other to be outstanding but that does not mean that every other thing is scam and cannot be trusted or used. Bitcoin is very volatile and has its own drawbacks too. Any person that despise bitcoin because of its drawbacks is right and can’t tolerate banking on those things and may call it a scam or whatsoever name he wishes to and he can justify himself. Bitcoin is for those that cherish and see the good in it, so people should learn how to appreciate and hype what they know most to favor them and then disregard calling others that are not in their interest scams or bad names.

[Sonia_123]

This statement took a lot of things, although everyone may have his thoughts and meaning after looking at it, and some will even see it as a hasty generalization, but deep down this is the fact: as far as bitcoin remains genuinely and trustworthy, I believe this, but due to individual differences, we just have to think out of the box... moreover, bitcoin is the greatest of all time.
 What's your thought about this my Naija people?

I think when you want to discuss an issue we need to filter and understand our words before using them, because whatever thing we post goes publicly every one is watching,if you are not a fan of a particular thing does not make it useless.

[Out of mind]

,OP, you can't call everything a scam, because apart from Bitcoin there are many cryptocurrencies which are very popular and have a future. Not only Bitcoin has a future, but there are some high ranking popular coins which most people invest in along with Bitcoin. If you notice that apart from Bitcoin there are many other popular altcoins like Ethereum, BNB, Solana, XRP which are not scams then they are definitely good coins to invest in. So I think there are many other coins including Bitcoin which are good for the future and have good investors in them. But Bitcoin is the best project and its number of investors is the highest also most people believe in Bitcoin, and they believe in Bitcoin investment for long term.

[Tbillion]

Actually I don’t agree to the fact that everything is a scam!. Bitcoin has played its role so much over the years and still counting!!.actually when u take a deep look there are other productive cryptocurrency that are highly productive!!. The thing is very important for one to all do research before coming to a conclusion because u might never no which might be even more productive to you at a point!.

[Umulala-alala]

Generalizing every other thing as scam is inaccurate @OP. Don't you understand that everyone have choice of what they want to invest their money on and they can invest in every other asset apart from Bitcoin, do you mean that other asset are scam? The fact that you don't like other assets apart from Bitcoin, doesn't make that asset a scam. We (Bitcoiners) knows that bitcoin is a very great asset but yet there are still some rich dudes that made their money from other source of income.

Normally generalizing other coins as scam is not really advisable. because as far as I know, everyone have right to invest in any coins that they like. Because sometimes most of this coins normally yield profit at last, although in all Bitcoin still remains the best but doesn't mean that we can not try luck in other coins. However, as a good investor investing in other coins can increase your profits sometimes, if you invest wisely.

If you wan invest for any other coin outside bitcoin it is better we use little money so that if your money die for aza e no go too pain you because those coin no dey waste time crash but bitcoin no be like that as long as say you dey buy and you no dey sell.