Why Bitcoin Is a Scam

[Kal Di]

Bitcoin and other cryptocurrencies are used for drug, kidnapping, identity theft, and child sex trafficking transactions.

Most people don't care about any negative aspects of crypto and just want to "invest" in it.

Your thoughts?  Have you made money on crypto?

There are negative aspects when investing in anything. We hope that CEOs will run their business to turn a profit for their shareholders in an ethical manner, but there are many instances that CEOs don't do exactly that.

It's true that cryptocurrencies is being used for crime, but so is cash. The only difference is that one has a dead person's face on it and the other is an intangible currency.

I have made money from cryptocurrencies and it is one among several reasons why I support them. I don't know any other way for a person to earn 25-75% APY on their investment (versus the stock market that gives you 8% APY on average). With the rising inflation, many people are suffering from negative interest (the bank gives you 1-2% APY minus the 5-7% inflation).