Quote from: Genemind on Today at 04:15:36 PM

Quote from: Abiky on August 07, 2020, 09:28:31 PM

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

We can't deny the fact that despite passing lots of tests of time, there are still people who think of it as a scam. I think one of the main reasons why there are people who don't trust Bitcoin is because most fraudsters and scammers have ruined its reputation before. Lack of knowledge and understanding about its features and advantages is also a reason for them to think of it as a scam. Bitcoin can please everyone but lucky are those who trust and believe in it.

Yeah that is the truth thing we can't get out of their minds. It is mainly because of the worthless scammers who are actually taking advantages of people who don't still know what bitcoin or cryptocurrency really is. There are some people that are starting and using their own money to try invest here but for some reasons they are being scammed maybe because their knowledge on cryptocurrency or making transaction is not enough. After getting scammed the only thing that comes into their mind is that bitcoin is a scam which is not true, and we all know that. It is all because of the scammers and other people who don't really know what cryptocurrency is.