The history of bitcoin or cryptocurrency at large as been one of a wild one and that of resilience.
It was created by an anonymous Satochi Nakamoto at around 2008 but not much was about it untill the ponzi regime of 2016.
It was the currency of the ponzi scheme and due to its flexibility and the ease of transactions, scammers jumped into the bandwagon. All these portrayed bitcoin as scam to the general public.
Of note is MMM the Sergi Mavrodi Movement that promised 50% per month on bitcoin pledges whereas promised 30% on fiat (government owned) currency. At this stage people where asking questions about this magic money. At the time everyone woke up from Mavrodi"s and other"s ponzi nightmare, it is already too late to separate bitcoin from ponzi scheme.
As if it is not enough hype programs came on board taking the advantage of bitcoin minning phenomenon to scam people.
of note are the likes of coin2u, icrix and many others that promise a certain percentage of deposits to be paid daily or weekly or as applicable. Little do people know they are not bitcoin mining firms but website designers that do nothing but to scam unsuspecting victims. Icrix went away with thousands of dollars as checked from the blockchain.
In the wake of these developments are also icos (initial coin offering). As real as many could be like the xrp, many are fake carting away people's funds before their tokens could become coins.
As if it is not enough, government of many countries and their central banks dissociated themselves from blockchain transactions terming it as unsafe, scam and capable of financing terrorism.
Despite all these bitcoin experienced an astronomical increment in hundreds of % in 2017 and stabilized after dropping to half of its value in 2018. All these made bitcoin one of the greatest miseries of our modern day world though unnoticed and uncelebrated.
A factor that could be changed while adopting blockchain transactions is public enlightenment. Bitcoin transactions are undoubtedly volatile but could go a long way in making our financial world more independent and interesting.