Fake Bitcoin can be generated like a Fiat Currency Note?

[Serbberq 724]

Bitcoin cannot be faked because it cannot be see and the inventors have not giving a way the codes that they can generate another bitcoin, the only way is to scam and there are many that have been scammed and some their wallet are hacked and they lose their bitcoins. 

[guatazoo 7150]

On 12/30/2019 at 8:14 PM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

Of course it is possible for scammers to generate fake bitcoins but they must also be having their fake wallets to keep those bitcoin, but those fake bitcoins cannot be eligible to be confirmed in really blockchain network. 

[m7md 0]

There are more than 5000 cryptocurrencies in the market, and more currencies are always launched, and many cryptocurrencies can be fake, so you must make sure that the currencies you want to buy are active in selling and purchase in order to make sure of its sincerity

[Amna Hareem 1213]

On 12/30/2019 at 10:14 PM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

Dear first you can't get any money from fake thing its clear that its fake and you can man fake coin and also generate them but you get curse of people and you also can't get money from that so never want anything do like this always think about also others not only about your own. Through fake coin many people lose their all money so avoid these things.

[Rozy 1918]

It is not totally impossible to fake  coin , in fact there are many cryptos that are a total scam and have no real value at all and they hide behind a fake email that no one knows to whom it belongs to, but I do not think this is the case with Bitcoin, it is not that easy to generate it or else we would have seen the markets flooding  with it and its value will drop severely.

[Khan 1414]

On 4/29/2020 at 8:22 PM, malik6314193 said:

i don't think it can be happen. In crypto currencies every coin have its unique adress and when we transfer these coins it confirms from this address and then moves. 

Right, I agree with you but the scammer and hacker always find a way to make people fool and they adopt latest trick like the tor browser hack and also the cryptopia hack.

[Russel 017 506]

Creating duplicate coin like bitcoin is quite hard because that coin can not work on real btc blockchain. People would find it from transaction speed or other features. 

[Quickbee 26]

In fiat currencies there has been problems of fake currencies. But in the digital world there are lot of scams that tempt you to deposit some bitcoins offering you more bitcoins in return and then scamming you.

[Arslan Ch 2163]

Bitcoin is a stable coin and has many good reputation so I don't think that there could be any fake BTC but Yes You can talk about cryptocurrency as There are many fake coins to do scams woth people so it means yes there could be scam and fake currency in Digital world also 

[Samotokika 1780]

On 12/30/2019 at 10:14 PM, Oxygen said:

This an interesting question, that like fiat currency some scammers produce fake notes and spread them. could fake bitcoin or any other fake coin be generated and spread? any one knows about it?

It is the way of the scammers to deceive innocent people and produce fake notes and spread along the people and steal there money.as we know cryptocurrency are totally virtual and they have no physical existence.

[Goyaa 2414]

Bitcoin cannot be counterfeited like ordinary fiat money. Bitcoin has a complex algorithm, where every bitcoin has a different algorithm. So bitcoins cannot be counterfeited because it is impossible for bitcoins to have the same algorithm. To be hacked is also very difficult, until now no one has been able to hack the blockchain network.

[Arratee877 272]

Several attempts has been made to invent fake BTC but unfortunately it doesn't see the day light, Bitcoin project is outstanding with unique features of block chain technology. So it's not possible to create fake BTC but rather create a coin probably in future with more interesting and impressive features to outshine bitcoin

[abohasnn9 2401]

My friend, since the inception of the digital cryptocurrency Bitcoin, it arose with the purpose of being electronic only, not paper or tangible, so it is difficult to create a currency for Bitcoin. This is not the purpose of its creation, so some may create this currency, but it will be a fake because Bitcoin does not agree to such an idea. Thank you.

[velasco19 1753]

It is not possible to forge Bitcoin because they use the PoW method in their Blockchain with which they generate Bitcoins by consensus and that gives validity to the crypto currency, plus you can follow the traceability of a transaction with the help of a browser

[Nupeboy 627]

Yes my friend don't forget that the scammers are always advancing everyday so it is very easy for them to create fake bit coin and confused people with it this shows that we have to be careful 

Edited December 30, 2020 by Nupeboy

[Kanji 965]

@glory50 I heard you say this some other time, there is a lot of effort , there are so many people are able  to try and find that effort that we have to level that is better for every better, the fake currency can be  really tough and today @davy22 I think there is a true story to it, there could be something behind the whole fake bitcoin but the good thing is that we have to  work and be sure about it

[Ameralsamt 2558]

Yes, my friend of course anyone who has the science of encryption and knows how to create cryptocurrencies, can create a digital currency like the name Bitcoin, but it will be revealed immediately because bitcoin has great characteristics that no one else can be like. 

[khan22 3478]

Fake coin generation is not possible becasue if this is possible then the scammers will do this and they can generate so many coins like this but it is not possible for the scammers and they do not do this.

[Ahmad ah 1212]

I don't think there is a counterfeit Bitcoin, but it is possible that new counterfeit and fake digital currencies aimed at fraud and theft will emerge.
Avoid falling into the trap of scammers and entering their sites because they are deceiving you with big profits, getting fake coins, asking you for your personal data and stealing money from your wallet. You must pay attention.

[AL SHAIMON 1293]

No this is impossible to generate fake bitcoin like fait money. We all know that bitcoin is a computer created coin. So you can not create exact bitcoin. Blockchain did not support this kind of steps. But you can make new cryptocurrency. 

[Adam786 560]

Yes of course it may be possible to make the fiat currency like bitcoin because scammers can use any trick to deceive the people and we can see that there are a lot of scam and fake currencies are existing on the exchanges therefore we should be careful to the scammers because they can cross any limit to stole the money of innocent people.

[khaler 1549]

There are many fake currencies that spread and then disappear suddenly, so you must follow the project of any currency that you enter in so that you do not fall victim to a fake currency and lose your capital.

[Samer1997 715]

Yes, it can, but for an expert or even an average person you can find out, only beginners will make these mistakes, so I always advise them to consult those who are more experienced in anything they want to do

[Dadouasaad123 902]

Certainly yes, there are a lot of fake cryptocurrencies, as well as unites fake paper currencies, like any field in which fraudsters create fake cryptocurrencies in order to defraud us in some way, we must beware of falling into such fraudulent operations.

[basel23 1722]

Certainly not, and this is considered one of the drawbacks of fiat currencies that cryptocurrencies solve, even if someone could create a token on a blockchain network and call it Bitcoin, this token will not have value, but he can sell it.