Crypto Is Scam!!!

[Majestic-milf]

This is clearly stated, those points are obvious reasons.
Interesting is the part where they are waiting for it to crash 😂

It seems funny but that's the truth. These kinds of people exist to prove to others that no matter how much FUD they spread, BTC would still grow. Many of those who claim that Bitcoin is a scam project often turn around and end up adding it to their portfolios, so I often ignore such statements when I see them.

[Orpichukwu]

Ignorant people don't criticize crypto like those who are regretting not taking action when they're supposed to. Most of them get a sense of satisfaction from badmouthing what they don't benefit from. Another reason is that most fake projects of crypto backing have seen people lose lots of money including scan investment platforms who uses wallet drainer sites to steal funds from wallets connected to it. You can't blame some of them for criticizing crypto owing to their bad experiences, but their greed always leads them to their ruin.

Because you had a bad experience about something does not justify the reason why you should hate it; if the mistake to why you encounter such a mistake is from you, then you should accept it and save yourself from the stress of blaming something else for your own mistake. Those criticizing bitcoin are just running some free promotion for bitcoin and making it as popular as possible without even realizing it; even those who have no reason to hate just fall into that part because they can't control it; the only thing they can do is talk against it.

[Renampun]

This is clearly stated, those points are obvious reasons.
Interesting is the part where they are waiting for it to crash 😂

It seems funny but that's the truth. These kinds of people exist to prove to others that no matter how much FUD they spread, BTC would still grow. Many of those who claim that Bitcoin is a scam project often turn around and end up adding it to their portfolios, so I often ignore such statements when I see them.

Jamie Dimon once mocked crypto but eventually he became one of the developers of crypto services.

If we look back at the years that have passed, we will find that people will never stop mocking Bitcoin, they really hope that Bitcoin will collapse and become zero, but that is just a delusion that they create, because out there there are many intelligent people who believe in Bitcoin and adopt it, the FUDers are just a handful of people, so don't care too much about them, don't give them a stage.

[Majestic-milf]

Jamie Dimon once mocked crypto but eventually he became one of the developers of crypto services.

If we look back at the years that have passed, we will find that people will never stop mocking Bitcoin, they really hope that Bitcoin will collapse and become zero, but that is just a delusion that they create, because out there there are many intelligent people who believe in Bitcoin and adopt it, the FUDers are just a handful of people, so don't care too much about them, don't give them a stage.

Please call someone who we know is a serious antagonist of BTC and not Jamie Dimon. That man in all honesty doesn't know his left from his right concerning crypto, he's just being a business man. For the better part of 2014, he kept speaking ill of the digital coin and in 2017, September to be precise he referred to Bitcoin as being worse than tulip bulbs, referencing it to Tulipmania or the tulip bulb bubble then in the following month, uncle Jamie is now an advocate?
 In business, you have to employ every strategy in and out of the book to one up your competition and that's what these naysayers have been doing but as always, Bitcoin gets the last laugh.

[Taskford]

This is clearly stated, those points are obvious reasons.
Interesting is the part where they are waiting for it to crash 😂

It seems funny but that's the truth. These kinds of people exist to prove to others that no matter how much FUD they spread, BTC would still grow. Many of those who claim that Bitcoin is a scam project often turn around and end up adding it to their portfolios, so I often ignore such statements when I see them.

Jamie Dimon once mocked crypto but eventually he became one of the developers of crypto services.

If we look back at the years that have passed, we will find that people will never stop mocking Bitcoin, they really hope that Bitcoin will collapse and become zero, but that is just a delusion that they create, because out there there are many intelligent people who believe in Bitcoin and adopt it, the FUDers are just a handful of people, so don't care too much about them, don't give them a stage.

They criticized it because they don't know what's going around with crypto before, but when they realize what they have just said about it before is wrong they are here now adapting it then take advantage with the new system which provably beneficial to them.

Same goes with other people since even if they say something bad about it for sure there would be some time that their narrative will be change especially if they gather good information that Bitcoin or the whole crypto is not actually bad.

We should not pay much attention with Fudders since they are just creating small troubles which doesn't give much effect on the market and if they always skeptical as that for sure they are the one who's at loss because they are losing chances to gain from crypto.

[knowngunman]

Are we still in the era where people condemn what they have no knowledge about? Or crypto is actually a mirage?

Just venting and open for more. Tell me what I don't know.

What do y'all say?

Various things are at play here. While ignorance is the genesis of every controversies surrounding crypto, experience also form part of it and you won't blame people for calling crypto a scam if they once fall victim to scammers. One problem we are having is that we prioritise money over knowledge this days since those that have it have control over others. People rather risk their hard earned money to make more money instead of taking out their time to learn and relearn.

In the process of being eager to make this money from whatever way possible, many have fallen victim to scammers in crypto space either by investing or pump and dump coins or some crypto investments platforms that offers them high returns. Anyone who fall for this trap will be quick to tag crypto as a scam. Some of them will later change their view about it when they later realise they were swimming in ignorance before but others will remain adamant with what they initially believed either because they don't longer have interest or they don't care to seek knowledge.

[Y3shot]

I think those who talk bad about cryptocurrency are either ignorant or traders. There are thousands of people in the world who are not related to cryptocurrency in any way. They basically start spreading bad words about crypto after hearing the name of cryptocurrency from someone else and hearing about its disadvantages. As a result, many ordinary people start saying the same thing. Which happened to me too. If I had not joined the forum, my misconception would never have changed.

Majority of people who criticize crypto are either ignorant or people who are filled with regrets of not using their opportunities rightly when they had it to buy at a cheaper amount.  There are tons of bitcoin critist who are now massive bitcoin holders with FOMO any potential time they have now to accumulate more. So no matter how much people criticize bitcoin, at the end they'll all come to a conclusion that is not what they taught it was. Bitcoin is not a shit project that we should expert a serious dip of crash

It is too late for criticising bitcoin to make it fail even when bitcoin was very tender this has no effect on bitcoin.  Those that are criticising bitcoin are ignorant and it's just a matter of time they will know they have been ignorant for a longtime. Bitcoin investors will keep on accumulating more bitcoin and make good profit from their investment in the future. No amount of criticism can change bitcoin,  instead all criticism will surely ends in regret.

[ndutndut]

I think those who talk bad about cryptocurrency are either ignorant or traders. There are thousands of people in the world who are not related to cryptocurrency in any way. They basically start spreading bad words about crypto after hearing the name of cryptocurrency from someone else and hearing about its disadvantages. As a result, many ordinary people start saying the same thing. Which happened to me too. If I had not joined the forum, my misconception would never have changed.

Majority of people who criticize crypto are either ignorant or people who are filled with regrets of not using their opportunities rightly when they had it to buy at a cheaper amount.  There are tons of bitcoin critist who are now massive bitcoin holders with FOMO any potential time they have now to accumulate more. So no matter how much people criticize bitcoin, at the end they'll all come to a conclusion that is not what they taught it was. Bitcoin is not a shit project that we should expert a serious dip of crash

It is too late for criticising bitcoin to make it fail even when bitcoin was very tender this has no effect on bitcoin.  Those that are criticising bitcoin are ignorant and it's just a matter of time they will know they have been ignorant for a longtime. Bitcoin investors will keep on accumulating more bitcoin and make good profit from their investment in the future. No amount of criticism can change bitcoin,  instead all criticism will surely ends in regret.

In the past, many people criticized bitcoin but now they invest in bitcoin because they see the increasing growth of bitcoin. In the past, many people even wanted to fight bitcoin by badmouthing bitcoin but bitcoin remains strong even now bitcoin has become a valuable asset because bitcoin is freedom.

And now there are still some people who believe that crypto is a scam, this is because of their own ignorance or because they have had bad experiences with crypto so they think all crypto is a scam. In fact, if they study it properly they will regret calling crypto a scam. Because they will realize that Bitcoin is not a cult or a Ponzi scheme. Bitcoin is the opposite, a monetary network based on principles and Bitcoin cannot be controlled by certain parties, even now it is fiat that is fraudulent by printing money at will which causes inflation.

[Africolo]

It is too late for criticising bitcoin to make it fail even when bitcoin was very tender this has no effect on bitcoin.  Those that are criticising bitcoin are ignorant and it's just a matter of time they will know they have been ignorant for a longtime. Bitcoin investors will keep on accumulating more bitcoin and make good profit from their investment in the future. No amount of criticism can change bitcoin,  instead all criticism will surely ends in regret.

It's late until late to invest in bitcoin. There have been couple of chances to invest in bitcoin but what do you experience? Losses do come as surprise because none of us would rather expect losses to exceeds the maximum ratio of profits. I'm seeing the brighter side of crypto, and I'm not given up when the market is here to make our lives a better one. We take good use of opportunities when we easily spot one, and making swift moves to penetrate through these hurdles, so it will either take lengthy period or mot.

What make them unbelievers in the prominent future of bitcoin? There have been up rising moment for everyone to accumulate profits but some vast numbers choose to be reluctant and ignorant about the whole bitcoin and cryptocurrency. Their thoughts are dominating by the negative losses that will come their path instead of focusing on brighter future, having high hopes of the system, everyone have the right to either be persuasive about accumulating huge profits or settling for lesser outcome.  In anyway, we tend to do what is favorable for us.

[Xril2024]

So says an ignorant fellow.
Hearing people talk about cryptocurrency as a digital asset, made me think how was this asset manufactured? It turned out David Chaum's effort to enable anonymous transactions led to the introduction of ecash, in 1990. This is an easy find, it doesn't take much look to get information.

Well, recently I started looking and correlating it with the globe being a digital village, I am still learning though.

Isn't it awesome how some crypto projects are geared towards solving real life problems. Interestingly, this space evolves. This is a clear pointer that there must be something about cryptocurrency.

Rather than read to acquire knowledge someone sits in the middle of their ignorance to declare crypto a scam. Like they were forced to accept cryptocurrency for a transaction.
I think the fear of the unknown and unwillingness to try new things got some people bound in fetters.

Now, haven carried out a few transactions successfully, I am convinced, hence my interest in this space.

With the little knowledge of crypto that I have, I am wondering how someone can be in the dark and feel comfortable about it. Worse off is arguing blindly over what they know little or nothing about.

Is this the case of a closed mind, or ignorance, what exactly could be this?

I believe the Internet is a home to all who seek knowledge, even though you might get lost if you are not guided.

Are we still in the era where people condemn what they have no knowledge about? Or crypto is actually a mirage?

Just venting and open for more. Tell me what I don't know.

What do y'all say?

Many people still do not know about crypto currency or Bitcoin. Those who have heard a little may not know it well, which is why they often make negative comments. Meanwhile, those who are involved in the traditional financial system do not want to get out of that system easily. As a result, they also do not like crypto currency. But anyone can commit fraud in these traditional institutions. However, crypto currency or Bitcoin is a completely transparent and decentralized platform. No one can commit fraud here if they want. However, caution should be exercised when trading. And it is important to choose trusted platforms for trading.

[Bushdark]

I think those who talk bad about cryptocurrency are either ignorant or traders. There are thousands of people in the world who are not related to cryptocurrency in any way. They basically start spreading bad words about crypto after hearing the name of cryptocurrency from someone else and hearing about its disadvantages. As a result, many ordinary people start saying the same thing. Which happened to me too. If I had not joined the forum, my misconception would never have changed.

Majority of people who criticize crypto are either ignorant or people who are filled with regrets of not using their opportunities rightly when they had it to buy at a cheaper amount.  There are tons of bitcoin critist who are now massive bitcoin holders with FOMO any potential time they have now to accumulate more. So no matter how much people criticize bitcoin, at the end they'll all come to a conclusion that is not what they taught it was. Bitcoin is not a shit project that we should expert a serious dip of crash

It is too late for criticising bitcoin to make it fail even when bitcoin was very tender this has no effect on bitcoin.  Those that are criticising bitcoin are ignorant and it's just a matter of time they will know they have been ignorant for a longtime. Bitcoin investors will keep on accumulating more bitcoin and make good profit from their investment in the future. No amount of criticism can change bitcoin,  instead all criticism will surely ends in regret.

There are many millionaires and billionaires that had criticized Bitcoin before but now they are the ones advocating for the adoption of Bitcoin because they have seen that it has a great importance input lives. I know their are still people that had been antagonizing the Bitcoin adoption and it's only going to take sometimes for them to realize that Bitcoin or the adoption of Bitcoin is not something they needed to fight against. We have been seeing different crypto scams on exchanges and individuals which is enough reason why we need to keep our crypto portfolio safe from the public.

[Onyeeze]

Like five years ago many people were saying that cryptocurrency is scam, believe me so many of them that condemn cryptocurrency as for that time, they're people who is into cryptocurrency, so I know very well that cryptocurrency is not a scam except that you are interested on something and scammers use cryptocurrency to ask you to make a payment knowing that its difficult to trace cryptocurrency, so people they have scam, I think that they scam with cryptocurrency and that is the reason you people condemn cryptocurrency as scam, its someone who is naive that will say cryptocurrency is a scam, for me cryptocurrency is not a scam and it depends what they use cryptocurrency to do, so that can make it a scam,

[Cryptohygenic]

This is clearly stated, those points are obvious reasons.
Interesting is the part where they are waiting for it to crash 😂

It seems funny but that's the truth. These kinds of people exist to prove to others that no matter how much FUD they spread, BTC would still grow. Many of those who claim that Bitcoin is a scam project often turn around and end up adding it to their portfolios, so I often ignore such statements when I see them.

They literally acts like energy of progress because their expressions about bitcoin being scam when knowing their closed persons are Investing on bitcoin and are making good profits out of it so, this critics speculating that bitcoin is a scam and waiting for it crash is like anticipating for the downfall of those invested on bitcoin.
So kindly, they will keep expecting and the day never comes. So they goes behind to invest on same bitcoin formally criticized of being a scam.
Shameless. I dont also blame them because everyone have their opinion and views about the decentralized industry.

[Stable090]

Like five years ago many people were saying that cryptocurrency is scam, believe me so many of them that condemn cryptocurrency as for that time, they're people who is into cryptocurrency, so I know very well that cryptocurrency is not a scam except that you are interested on something and scammers use cryptocurrency to ask you to make a payment knowing that its difficult to trace cryptocurrency, so people they have scam

People that said cryptocurrency was a scam years ago are now into crypto, but they missed the opportunity to buy 5 years  ago when they were condemning bitcoin. When most of them were condemning bitcoin, they should have just used the opportunity to learn about bitcoin then, and invest, instead of condemning bitcoin, and they had little or no knowledge about bitcoin.

Scammers don’t use bitcoin alone to scam, they make use of fiat currency also, so why is it that people are not calling fiat currency scam, and they are just against bitcoin. Scammers making use of bitcoin to scam doesn’t mean bitcoin itself is a scam, people are just miss interpreting everything.

[Glowy]

Like five years ago many people were saying that cryptocurrency is scam, believe me so many of them that condemn cryptocurrency as for that time, they're people who is into cryptocurrency, so I know very well that cryptocurrency is not a scam except that you are interested on something and scammers use cryptocurrency to ask you to make a payment knowing that its difficult to trace cryptocurrency, so people they have scam

People that said cryptocurrency was a scam years ago are now into crypto, but they missed the opportunity to buy 5 years  ago when they were condemning bitcoin. When most of them were condemning bitcoin, they should have just used the opportunity to learn about bitcoin then, and invest, instead of condemning bitcoin, and they had little or no knowledge about bitcoin.

Scammers don’t use bitcoin alone to scam, they make use of fiat currency also, so why is it that people are not calling fiat currency scam, and they are just against bitcoin. Scammers making use of bitcoin to scam doesn’t mean bitcoin itself is a scam, people are just miss interpreting everything.

They are confident in fiat because they have seen and touched it, maybe (this is just my thought)
Bitcoin on the other hand seems like a mystery. It sounds like story from story books. They don't see it, they can't touch it. It's some imaginary currency.

[Zanab247]

Must everybody agree crypto is not a scam before you will believe crypto is not a scam. Carry out your personal research to know what crypto users are enjoying when they follow due process to buy and hodl for long time before they can sell, you will know that crypto is not a scam. But if you follow short cut to buy your crypto, it may lead to scam in the future because all those scammers have some strategies they are using to scam some crypto users.

Now that I have the knowledge of crypto, there is nothing that will make me think crypto is a scam because I have hodl BTC and other cryptocurrencies in my wallet and it allow me to achieve a good profits in the bull run.

[DiMarxist]

Snip

You would have structure tour subject to fit the third person pronoun. Like "Some said crypto is a Scam". But the way you placed it, it looks like you are the one saying it. And for those that do not read the content before replying from the topic might say contrary to your content. You have a semi long thread and this not the first time someone has said that. And investment that someone has been doing for about 16 years will never be a scam. And those who have been saying this have been joining the investment so your friend or whatever he is to you case will not be different.
When I started, many warned me but today they are sending their children foe me to teach them.

[Alone055]

When I started, many warned me but today they are sending their children foe me to teach them.

Lol, good one. 

Things change with time, and so do people's perspectives on things. I remember the time when the mainstream media used to call Bitcoin a bubble and used to say that it's going to pop one day and everyone investing in it will regret their decision because it's like a ponzi scheme and investors coming later will lose money eventually, but they were all proved wrong, and those who were investing back then must be swimming in profits if they held onto their assets from back then, and I bet every single person that thought of Bitcoin negatively back in the day is regretting it badly to this day seeing Bitcoin's popularity and value.

The same thing is going to happen with those who are calling Bitcoin a scam even today, and I really feel pity for them because they are still aren't able to see the reality even though Bitcoin has proved itself in front of the whole world and even the industrialists and billionaires are now into Bitcoin because they have realized the potential it has for the future.