Why most people think Bitcoin is a scam?

Ronan

New member
Lets be reality here, the OP has some point in his statement even though it has no backing to begin with but words on the street are bitcoin investment is risky, it's a scam, Ponzi scheme etc. In my country the most common in regarding cryptocurrency related project are Ponzi scheme because that's what the people know. The big so called cryptocurrency project that organized seminars etc are Ponzi scheme like the likes of the very first which was MMM , zardfund and currently forsage and Lionshare.

Although not all uses bitcoin, some used ethereum still it paint a bad image to the bitcoin community since when cryptocurrency are highlighted bitcoin is the most famous and ones dey get scammed in other cryptocurrency business they linked it to bitcoin saying "they're are scams". The media houses too aren't helping matter as they're constantly painting the currency bad always overemphasizing cryptoscam news.
 

Karson

New member
Bitcoin has been around for 11 years now, with a large ecosystem of exchanges, wallet providers, and apps behind it. There are now many governments recognizing it as legitimate, bringing a large number of investors into it. For just a short amount of time since its inception, I'd say that Bitcoin has achieved extraordinary results. While all of this sounds good, most people still seem to believe that Bitcoin is a scam or not worth their time. For instance, Warren Buffet criticizes Bitcoin telling that it'll become "worthless" over time. It's these negative comments, which make people skeptical about using Bitcoin and cryptocurrencies as serious money for day-to-day payments.

No matter how crypto enthusiasts try to convince people to believe that Bitcoin is legitimate, everything seems to be the same. I'm starting to wonder why most people have this kind of mentality towards Bitcoin? After all, the pioneer cryptocurrency is being traded at legitimate exchanges. Even some governments have been collecting taxes from Bitcoin. But that hasn't changed people's minds about it. What are your thoughts?
Huh
Non tech savvy people are always skeptical about "internet stuff".That's why I don't talk about Bitcoin around older people.They simply won't understand anything and think it's a scam.
If you were an old non tech savvy person and some young guy was preaching about a digital currency that isn't backed by anything and you can sell that currency and buy real goods and services,would you believe him?I don't think so.
You are wrong about "most people" thinking that Bitcoin is a scam.Most people don't know anything about Bitcoin and don't care about Bitcoin.
 

Arlo

New member
No matter how crypto enthusiasts try to convince people to believe that Bitcoin is legitimate, everything seems to be the same. I'm starting to wonder why most people have this kind of mentality towards Bitcoin? After all, the pioneer cryptocurrency is being traded at legitimate exchanges. Even some governments have been
Many "Bitcoin haters" see it as a Ponzi scheme, so without doing any research or understanding what Bitcoin really is, they accused it being a scam. Aside from that, there are lots of criminal due to the "decentralized" nature of BTC exploited it and use the name Bitcoin to scam lots of investors.
 

Tobias

New member
Generally, people might label bitcoin as a scam because they are not very familiar from it, they knew nothing about it. Maybe they have heard about bitcoin from someone who were not able to explain more about it, and it made them think that bitcoin isn't trustworthy.
Probably some of them have been victim of frauds from people who used bitcoin to fool others.
Movies and some known personalities also affects someone's view about bitcoin.
 

Brady

New member
Lets be reality here, the OP has some point in his statement even though it has no backing to begin with but words on the street are bitcoin investment is risky, it's a scam, Ponzi scheme etc. In my country the most common in regarding cryptocurrency related project are Ponzi scheme because that's what the people know. The big so called cryptocurrency project that organized seminars etc are Ponzi scheme like the likes of the very first which was MMM , zardfund and currently forsage and Lionshare.
Very true! I guess each countries has this kind of individuals who deceives people to believe that investing Bitcoin through their company is very profitable and gives a promising return. This is where they start to suspect that Bitcoin is a kind of scam.
Same scenario just happened in the PH last year when a lot of ponzi schemes came show up and become a trend to most of the people in the middle class. These companies and groups made them believe they're an experienced crypto and forex traders that could make volumes of profit consistently. It turns out to be a scam on the latter.
Now, people still didn't learn from their mistakes and are willing to become a victim again with this "forsage" eth scam this time.
 

Clayton

New member
From the beginning, all good discoveries have overcome various obstacles. So, the same goes for bitcoin as well. Few people will think its Ponzi or scam, but eventually, they will be forced to believe in bitcoin when they will realize how bitcoin is recognizing. We can't stop their mouth right now, and we have to build more strong community worldwide.

Even my country's administration thinks that bitcoin is a Ponzi scheme. Besides there, there are lots of bitcoin lover like me who believe bitcoin is a future currency which would rule the digital currency world. Who doesn't believe in bitcoin, simply they aren't aware of bitcoin technology & potentiality. Hope the world will tech them once a time.
 

Francisco

New member
Simply because they dont know where it came from and what is it all about behind it.. People dont trust easily, either me before think that btc is a scam but after Doing my own research I can prove it isnt a scam
 

Zander

New member
From my point of view, we could not change other people's perspectives towards bitcoin because not all of them are really interested to buy bitcoin and other cryptocurrencies due to false news that bitcoin is all about scam and fraud, and only a waste of time and money. It is why we should ignore other people's opinion about bitcoin because it will not benefit us or make us rich.
 
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