Post
Topic
Board Bitcoin Discussion
Re: Thinking Bitcoin is Scam
by
Casdinyard
on 23/10/2020, 05:55:38 UTC
As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam.
i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.
Bitcoin is a scam to those people who are that knowledgeable to this technology but to us who are more inclined with it, ofcourse we value its advantages more than them. People often call it as "fraud" or scam because it does not meet their expectations of easy profit. We all know here that the market value is naturally volatile, thus profit is not always guaranteed especially during bear market situations. The situation nowadays are quite not the same but there are differences already.
More companies are accepting cryptos as mode of payment which establishes trust in this technology.And also, there are still issues being observed by other governments to not adapt to such technology.