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Is bitcoin a scam?

Posted on October 30, 2022 by admin

Is bitcoin a scam?

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Answer Is bitcoin a scam?

Reddit is a popular social network that stood by Bitcoin in its early days, and the community of Bitcoin followers on Reddit is one of the largest out there.

but.

When searching for the word “scam”, the first result that appears is “Bitcoin” from Reddit.

What is the explanation for that? Has Reddit turned its back on the cryptocurrency space, or is there some confusion behind the seemingly defamatory search results?

Bitcoin has already been called many negative things by those who have a vested interest in its demise.

JP Morgan Chase CEO Jamie Dimon called bitcoin a “scam” in September 2017.

Bitcoin has also been called “rat poison” by Warren Buffett.

It is not surprising that these Bitcoins are attacked because they belong to the old system.

Read:Cryptocurrency You’ve Probably Never Heard Of: 80,000% Achieved In 14 Days

There are many who have a clear self-interest in maintaining the current global financial situation and join the ranks of the Bitcoin naysayers.

On Reddit and when you visit the homepage and quickly search for the word “scam.”

The results will show that the subreddit r/Bitcoin is in the top three results and correlates with the word ‘scam’.

So instead of referring to the first viable cryptocurrency to be categorized as a scam by some Reddit overlord, the results simply display sub-patterns in which the word is frequently used as explained by user u/roman-remus, who stated:

Due to the reddit search algorithm, the most frequently used word is used in this subcode, so when you search for it, you will get results from the subreddits you use the most.

There is no shortage of obvious scams surrounding Bitcoin and other digital assets, and when you search for such fraudulent schemes, you will see scams and the first results come out for Bitcoin.

The recent “PlusToken” incident for example is a particularly notable example which will inevitably add to the total number of times the word “scam” is mentioned on the subreddit.

Read:Study: 37% of survey respondents want their government to certify Bitcoin

The total number of the term “fraud” increased and was significantly associated with the “Bitcoin” currency alone, especially after the ICO bubble in 2017 and 2018.

If someone unfamiliar with the nuances of the industry searches Reddit for the term “scam” the site will return r/Bitcoin.

This gives the character that Bitcoin is a fraud when in the original it is completely different.

As what is uttered in her right and the evil uses associated with her made her appear in this way.

Read also:

The 5 most controversial scams in the history of the cryptocurrency market

The Litecoin Foundation warns of a scam that tempts to distribute 100,000 “LTC” units


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