Why are people quick to refer to Crypto specifically bitcoin as scam?
This person bought bitcoins worth £383 in May 2022. As at December 6th 2024, it was worth £1,000. This is over 161.1% increase. He withdrew half of it and said he wants to leave the other half. What baffles me is that he still went ahead to say, Crypto is still a scam. That it has eventually favoured me doesnt mean its not a scam. Infact he opined that it is unexplainable wealth. This human behaviour that is strange - skepticism persisting even in the face of its success. For me, the real scam is choosing not to understand Bitcoin and missing out on its potential benefits. Share your opinions.
If this person considers bitcoin a scam, and he made money on this "scam", then who is he in the end? Scamer?
He just quickly (due to disbelief in this asset and fear of going broke) tried to make some money on bitcoin and he succeeded. His attitude towards bitcoin was initially negative (fraud) and even the profit didn't change this, which is not surprising. Because he invested in this asset without faith in the technology and financial asset itself, but only as a quick way to make money on a "
scam-scheme" that, for now, can bring profit.
This is not a problem with bitcoin, but a problem with the perception of this person.