Quote from: Olubetty08 on June 05, 2024, 01:25:12 PM

Quote from: Yamifoud on June 05, 2024, 12:18:39 PM

Quote from: Onyeeze on June 01, 2024, 06:26:10 PM

Bitcoin is reliable but people who don't know will continue to castigate the name of bitcoin, the only that makes bitcoin to look as even is a scam is due to government and the level of attack they are attacking bitcoin, so I know very well that the procrastination of government towards Bitcoin is what makes people to have doubts of bitcoin, so without that I don't think that people may loss interest, upon government kind of bad character to bitcoin still bitcoin is still flourishing in the market, for me, I know very well that we need to understand that government is against bitcoin and that is why it look as if bitcoin is a scam.

Nothing has made Bitcoin a scam but just scammers and it ruins its reputation due to scam involvement using the name Bitcoin. This actually confuses the community because of the widespread scam issues but for us who know the situation and already have knowledge about Bitcoin, we can say it is not true.

Proper education is needed to correct all misconceptions about Bitcoin and the only solution to clear such issues. But until there are scammers, scams continue, and also because greedy people are easy to fool by sweet promises made by scammers.

Whether we like it or not, Bitcoin remains vulnerable to this scam issue as we can't stop scammers.

Yes, I agreed with you, I have been victim of cryptocurrency before even when I have a little knowledge about it, some countries put restrictions on Bitcoin not because they don't believe in the productive aspect of it but to protect their people from been a victim of scam, we still have a lot of people falling to the hands of this people everyday, even some so called professionals, I wonder how this scammers do upgrade their operation every minutes.The challenge here is that we can't trust any platform on cryptocurrency, but Bitcoin remain legit

Well, I assume you are referring to altcoins, meme coins, or shit coins. Well, those currencies or coins tend to become scams, or most of them are scams, but not all of them because there are still coins that are legit and can be profitable; you just have to find out which is which. Altcoins may be the second to bitcoin but when it comes to meme coin and shit coins, this coins are the most dangerous and suspicios currency you could invest into, meme coins are tend to be hype and after its ATH it will down significantly or rug pulled because investors will pull out all their assets, in short it has a short life span and tend to rug pulled, shit coins mean while are coins that has created out of no where, without a proper white paper or project but it is promoted, those currency are the coins that you should avoid because it has the higher chances that is is created by a scam.