JP Morgan CEO Jamie Dimou said that the bitcoin is worse than a tulip bulb. Investors are wary and had declared that the big coin is one big digital scam. This year, bitcoin has increased value tenfold maybe due to the hype. What happens when people get tired of supporting the bitcoin?
Bitcoin is a scam?
- Thread starter Corzhens
- Start date
It's not a scam but some sites that claim to sell bitcoins are fake sites that just want to get access to your information. This is the main problem with bitcoin going public and becoming a fully legit currency. Because it is digital currency first - people can set up fake bitcoin sites similar to sites that look like paypal or amazon pages. So the more popular it becomes - the more people are going to stake out territory to lure in unsuspecting bitcoin buyers.
makemoneyfast
New Arrival
I have many resources to learn about Bitcoin and cryptocurrencies but I do not know why I have no interest to join any bitcoins site to do the mining. So, I am totally safe.
BenjaminSmi
New Arrival
I love danger and experiments. So I'm thinking of investing some money in bitcoins. I also read a lot of information about bitcoins and I'm sure this is the right decision 🙂 I'm also sure that this is quite safe (see what they write here about safe). I think that the cryptocurrency will soon replace real money. Just need to wait a few years)
TaylorCTU GM
Up-and-Coming Sensation
It's not a scam but there is some slight risk to it. Nothing good comes without some risk. My forum actually covers cryptocurrency if you're interested.
Bitcoin is not a scam. The reason why so many people invested into it was because of hype. Lots of people believed that the coin was a good store of value and there was a lot of demand for the coin which caused a potential bubble. There are many disadvantages with Bitcoin like slow transfer speeds and only be able to handle around 10 transactions per second and most importantly, they cannot handle the growing number of transactions which results in high fees.
makemoneyfast
New Arrival
Bitcoin is definitely not a scam since people keep buying and selling.
Even it is bubbling at current and drops to the value of 1 bitcoin - $1000, it will go up later.
You can check the history of Amazon bubble history.
Even it is bubbling at current and drops to the value of 1 bitcoin - $1000, it will go up later.
You can check the history of Amazon bubble history.
KanikaGoyal
Acquaintance
Please don't say bitcoin is a scam or it is worse because there are many consumers are invested in bitcoin.
David Miah
New Arrival
I don't think the digital currency is scam, because many people to be a rich person when trade them.
In fact, there are a lot of fake website and there is a few company in the world accept digital money.
In fact, there are a lot of fake website and there is a few company in the world accept digital money.
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