Do scams harm Bitcoin's reputation in the mainstream world?

[sashavich04]

Do scams harm Bitcoin's reputation in the mainstream world?

[Alexthedefender04]

There has been a lot of scams within the crypto space over the course of its lifetime. Most recently, a Twitter hack that took the accounts of prominent figures within the mainstream world, has been all over the news. Mainstream media has been making people believe that Bitcoin is "bad" by tying it to the Twitter hack. While malicious actors demanded to be paid in Bitcoin, it doesn't mean that the cryptocurrency itself is a scam. Unfortunately, many people in the mainstream world have commented about Bitcoin negatively because of the recent hack. Despite these unfortunate series of events, Bitcoin and other cryptocurrencies are experiencing huge gains on the market.

[Mr. Cid]

There has been a lot of scams within the crypto space over the course of its lifetime. Most recently, a Twitter hack that took the accounts of prominent figures within the mainstream world, has been all over the news. Mainstream media has been making people believe that Bitcoin is "bad" by tying it to the Twitter hack. While malicious actors demanded to be paid in Bitcoin, it doesn't mean that the cryptocurrency itself is a scam. Unfortunately, many people in the mainstream world have commented about Bitcoin negatively because of the recent hack. Despite these unfortunate series of events, Bitcoin and other cryptocurrencies are experiencing huge gains on the market.

The issues about Bitcoin could affect the number of investors in the cryptocurrencies.

[darexgeorgieviya04]

Definitely as it seem that more scammers now taking the advantage of using bitcoin to scam others. There are many hackers and scammers with bitcoin this is why users are being careful. However, still being careful is not enough because these people doing fraud are also innovative and techie that can lured one on getting scam. Just like for an example using the malicious progra that could use to phished out important details on wallet like private key. These malicious program are those like ads popping or browsers extension maybe. Anyway just always be careful.guys..

[Newbie_trader]

It can affect the reputation not just the Bitcoin, but other crypto trading instruments too!

[AbdulShiek]

It can affect the reputation not just the Bitcoin, but other crypto trading instruments too!

My friend was about to invest in the crypto world, but he back out when he saw a propaganda about Bitcoin.

[PALM]

Although the scam situation that happened dont have effect on the bitcoin market but that doesnt mean bitcoin reputation was not harm or it global adoption was not affected by scam activities happening because we have some government which are planning to legalize bitcoin and the scam issue could change their mind. Besides, none of all crypto exchange site have adequate security save from hackers.