Why would anyone else say this is a scam?
I also think one of the reasons why other people claim the cryptocurrency scam is due to lack of knowledge on the topic is.
We can't let people be critical and closed-minded when they hear it before. Especially it's related to money.
And that's normal and that's just how they react to their own protection. We also can't deny that there are new altcoins coming out now that the intention really is cheating.
These are the few reasons.
1. They don't know how to get it.
2. Get rich quick (they also think the money you get is from other people as well)
3. There is no law about bitcoin (no tax when you buy using bitcoins)
4. Price is unstable (When you buy bitcoin, the price goes up. When you sell the company running bitcoin the price goes down).
5. Similar to 4, buy and sell, supply and demand, long term holding your bitcoin in your wallet, economy, exposure bitcoin in public, many have. That's why bitcoin is rising and decreasing.
6. The big companies that used to be so small, you never know that they make money, one of the reasons why they are safe in business and not just bankrupt.
7. PC / Laptop / Android / iOS needs to be your wallet, of course not all of them are. USB and Paper Wallet are also available to 100% secure your bitcoin.
8. Transactions mean no traceable to anyone who is familiar with IT networks (CIA, FBI, NBI, etc ..) they do not know who is acting.
9. Your bitcoin has 2 addresses, it is pubic and private. You can spread the public key and hide the private key when hackers find out your private key, they will empty your wallet. You need a password to hide.
10. It will not be the local currency yet. The senators, especially the president, will not be complaining about this as the cause of the Philippines' economic loss due to the tax-free (the pesos will be used less).
It's so easy to earn here so other people think we're doing it wrong because they just don't know the full potential of cryptocurrency so that's their mentality.
Cryptocurrencies are really a blessing in our lives. especially now that we are facing COVID.
Therefore, as a cryptocurrency expert, it is our responsibility to impart knowledge to those who are less familiar with cryptocurrency. Do you agree with that? If yes, support this article.