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    Author Topic: Bitcoin and misinformation  (Read 1325 times)

    • Stable090
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    November 13, 2023, 10:29:03 PM
     #101
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

    The government makes it look like nothing good can come out of bitcoin, they damage the reputation of bitcoin, they make a lot of people believe that bitcoin can only be used for illegal things, and scammers are making everything worse. Scammers are using bitcoin to scam people, so anyone who has fallen victim will find it difficult to have trust in bitcoin. They won’t want to do more research and discover why they lost their bitcoin, they will just change their mind and start supporting people who believe bitcoin is a scam.

    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    which I took it as one of these fraudster trying to milk the general public as mmm did, but with time,

    You should have just explained better what MMM is all about. I am from your country, and I know how MMM caused harm to lots of people that year, but you created the thread on the general board and not the local board, so you have to explain what you are talking about so that everyone will be able to understand what MM is all about. All I will say about Mmm is that it was a Ponzi scheme, and lots of people lost money in it during that time. I won’t be able to say much about it, I didn’t focus on it because I was not interested in it, but a lot of people wasted money on Mmm in my country.

    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

    Most people don’t understand what bitcoin is really all about, they just believe what they hear on the news about bitcoin, and they all believe that without doing more research about bitcoin to understand what bitcoin is all about, Some of these people hate bitcoin for no reason, if they understand what bitcoin is really about, I am sure they will be interested in it. Some people don’t understand what bitcoin is all about, and they don’t have anyone to guide them, so whenever anyone is opportune to explain bitcoin to people like this, we should try our best to do it properly and don’t even try to force anyone to invest in bitcoin.
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  • serjent05
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    November 13, 2023, 10:41:15 PM
     #102
    Quote from: Stable090 on November 13, 2023, 10:29:03 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

    The government makes it look like nothing good can come out of bitcoin, they damage the reputation of bitcoin, they make a lot of people believe that bitcoin can only be used for illegal things, and scammers are making everything worse. Scammers are using bitcoin to scam people, so anyone who has fallen victim will find it difficult to have trust in bitcoin. They won’t want to do more research and discover why they lost their bitcoin, they will just change their mind and start supporting people who believe bitcoin is a scam.

    Isn't these things been debunked? The reason why many government is accepting Bitcoin in their jurisdiction?  They just need to have regulations on how Bitcoin can be used in their country without any negative implications to their sovereignty.

    Quote from: Stable090 on November 13, 2023, 10:29:03 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    which I took it as one of these fraudster trying to milk the general public as mmm did, but with time,

    You should have just explained better what MMM is all about. I am from your country, and I know how MMM caused harm to lots of people that year, but you created the thread on the general board and not the local board, so you have to explain what you are talking about so that everyone will be able to understand what MM is all about. All I will say about Mmm is that it was a Ponzi scheme, and lots of people lost money in it during that time. I won’t be able to say much about it, I didn’t focus on it because I was not interested in it, but a lot of people wasted money on Mmm in my country.

    I believe MMM scam had spread out in many countries.  But I think it is not appropriate to compare Bitcoin to MMM because the two are very different.  While MMM is a centralized company that is proven to be a operating in a Ponzi scheme system, Bitcoin on the other hand is dependent on the Buy and Sell demand in an open market.

    Quote from: Stable090 on November 13, 2023, 10:29:03 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

    Most people don’t understand what bitcoin is really all about, they just believe what they hear on the news about bitcoin, and they all believe that without doing more research about bitcoin to understand what bitcoin is all about, Some of these people hate bitcoin for no reason, if they understand what bitcoin is really about, I am sure they will be interested in it. Some people don’t understand what bitcoin is all about, and they don’t have anyone to guide them, so whenever anyone is opportune to explain bitcoin to people like this, we should try our best to do it properly and don’t even try to force anyone to invest in bitcoin.

    Sadly people are more on gossip and rumors than digging facts.  I think it can't be help until a person is serious in learning about Bitcoin.

  • boyptc
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    November 13, 2023, 10:47:34 PM
     #103
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

  • n00ber
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    November 13, 2023, 10:53:40 PM
     #104
    Quote from: GbitG on November 13, 2023, 09:05:19 PM
    Quote from: nurilham on November 13, 2023, 06:39:53 PM
    Quote from: fuguebtc on November 13, 2023, 09:21:39 AM
    We should still share bitcoin with everyone, but let's share selectively , only share with people who are really interested in bitcoin and listen to what we have to say instead of arguing or criticizing us. If we encounter these types of people , it's best to ignore them to avoid wasting time.
    We only waste time with the people who aren't serious to know Bitcoin. Don't debate with them because they will never try to understand the truth!!
    This is absolutely true: we don't need to waste our time with those people who don't know about Bitcoin, what it is, and what the main aim of this is. Because if we told them thousands of times every once, they would call it sccame or blah blah. They didn't know what the purpose of the Bitcoin invention was.

    The fact is that they are not aware of what Bitcoin actually is, how it can be earned by investing in it, and how it can benefit. But in my opinion, it has become old-fashioned to say that Bitcoin is a scam. When Bitcoin created a new ATH in 2021–22, the whole world accepted that nothing good could happen from Bitcoin. Before that, people also said the same thing. We were that Bitcoin is nothing but a scam, but when Bitcoin made its new ATH, the first people who had this objection started investing. Said

    So the meaning of the saying is that you should not waste your mind and time on these people, but you should leave them on their own and think about yourself. How can I get better knowledge and become rich by investing more? Become one because Bitcoin is not only a technology but also a better investment asset.

    I agree with this, this is really outdated. At this point, if anyone still says that, it proves they are stupid and lagging behind the world. Or they are people who don't believe in bitcoin and now they think they missed out on bitcoin so they hate bitcoin and don't want others to invest in it like them. For these types of people, we should ignore them and don't try to argue with them because their ego is very big. Even when they know they are wrong, they still keep arguing with us, which only wastes our time.

  • Sexylizzy2813
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    November 13, 2023, 11:03:02 PM
     #105
    Quote from: boyptc on November 13, 2023, 10:47:34 PM
    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

    Forcing such on anyone will not only make you a suspected scammer, but wouldn't believe all you saying about Bitcoin even if you're saying the truth, with the way you say it might make someone who wants to walk away peacefully from the discussion, might start making enemy with you, that you want to lure him to do something he doesn't want to do.
     
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  • boyptc
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    November 13, 2023, 11:23:31 PM
     #106
    Quote from: Sexylizzy2813 on November 13, 2023, 11:03:02 PM
    Quote from: boyptc on November 13, 2023, 10:47:34 PM
    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

    Forcing such on anyone will not only make you a suspected scammer, but wouldn't believe all you saying about Bitcoin even if you're saying the truth, with the way you say it might make someone who wants to walk away peacefully from the discussion, might start making enemy with you, that you want to lure him to do something he doesn't want to do.
    Yeah and I've got to notice that in the past because I've got skeptic friends when I've shared about Bitcoin to them. I told them the truth and my own opinion about Bitcoin.

    I've made profit too by that time before I've shared it to anybody. But I've got negative opinions instead of them getting interested on it and I felt sad that on this market that I'd love and then I want them to enjoy it as well.

    Instead of the good response that I am expecting, I got nothing and even lied low friends.

  • Agbamoni
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    November 13, 2023, 11:48:45 PM
     #107
    Quote from: boyptc on November 13, 2023, 11:23:31 PM
    Quote from: Sexylizzy2813 on November 13, 2023, 11:03:02 PM
    Quote from: boyptc on November 13, 2023, 10:47:34 PM
    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

    Forcing such on anyone will not only make you a suspected scammer, but wouldn't believe all you saying about Bitcoin even if you're saying the truth, with the way you say it might make someone who wants to walk away peacefully from the discussion, might start making enemy with you, that you want to lure him to do something he doesn't want to do.
    Yeah and I've got to notice that in the past because I've got skeptic friends when I've shared about Bitcoin to them. I told them the truth and my own opinion about Bitcoin.

    I've made profit too by that time before I've shared it to anybody. But I've got negative opinions instead of them getting interested on it and I felt sad that on this market that I'd love and then I want them to enjoy it as well.

    Instead of the good response that I am expecting, I got nothing and even lied low friends.
    That is the right thing to do. If you care about your friends and want them to be successful with you on the Bitcoin journey, the best approach is to inform them about Bitcoin, ensuring they won't have any regrets in the future for missing out on participation. Additionally, sharing your experiences and the resources you've used for learning can be persuasive. I believe that alone can convince them, and they will make up their minds. Investing is a personal choice, and discussions about investment opportunities and benefits are only necessary for those willing and eager to invest. Once they have the desire, they'll start without needing much persuasion.

    There was a time when I introduced Bitcoin to my colleagues after a brief meeting in a collaborative project. One of them told me to start, and he would join me when he sees progress and returns. However, when Bitcoin went below 24k and was at 23k, he called me and said, "So how's your Bitcoin doing now that it's crashed?" People like him may not understand the technology and will likely seek ways to justify their decision not to invest. But yesterday, I called him again and asked, "How about the current price?"
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  • boyptc
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    November 14, 2023, 10:54:35 AM
     #108
    Quote from: Agbamoni on November 13, 2023, 11:48:45 PM
    Quote from: boyptc on November 13, 2023, 11:23:31 PM
    Yeah and I've got to notice that in the past because I've got skeptic friends when I've shared about Bitcoin to them. I told them the truth and my own opinion about Bitcoin.

    I've made profit too by that time before I've shared it to anybody. But I've got negative opinions instead of them getting interested on it and I felt sad that on this market that I'd love and then I want them to enjoy it as well.

    Instead of the good response that I am expecting, I got nothing and even lied low friends.
    That is the right thing to do. If you care about your friends and want them to be successful with you on the Bitcoin journey, the best approach is to inform them about Bitcoin, ensuring they won't have any regrets in the future for missing out on participation. Additionally, sharing your experiences and the resources you've used for learning can be persuasive. I believe that alone can convince them, and they will make up their minds. Investing is a personal choice, and discussions about investment opportunities and benefits are only necessary for those willing and eager to invest. Once they have the desire, they'll start without needing much persuasion.
    There were some that's convinced but they just can't because they have not enough money to invest. I've told them that they don't need to buy entirely one bitcoin at a single purchase.

    They can DCA as much as they can but they seemed to be discouraged.

    Quote from: Agbamoni on November 13, 2023, 11:48:45 PM
    There was a time when I introduced Bitcoin to my colleagues after a brief meeting in a collaborative project. One of them told me to start, and he would join me when he sees progress and returns. However, when Bitcoin went below 24k and was at 23k, he called me and said, "So how's your Bitcoin doing now that it's crashed?" People like him may not understand the technology and will likely seek ways to justify their decision not to invest. But yesterday, I called him again and asked, "How about the current price?"
    Those are like the typical jerk that only wants to mock investors like us, I've encountered a lot of them with the same words and sarcastic questions with the recent price of Bitcoin.

    Better to ignore them and let's just laugh at them when Bitcoin's price soars high.

  • Sexylizzy2813
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    November 14, 2023, 11:16:18 AM
     #109
    Quote from: boyptc on November 13, 2023, 11:23:31 PM
    Quote from: Sexylizzy2813 on November 13, 2023, 11:03:02 PM
    Quote from: boyptc on November 13, 2023, 10:47:34 PM
    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

    Forcing such on anyone will not only make you a suspected scammer, but wouldn't believe all you saying about Bitcoin even if you're saying the truth, with the way you say it might make someone who wants to walk away peacefully from the discussion, might start making enemy with you, that you want to lure him to do something he doesn't want to do.
    Yeah and I've got to notice that in the past because I've got skeptic friends when I've shared about Bitcoin to them. I told them the truth and my own opinion about Bitcoin.

    I've made profit too by that time before I've shared it to anybody. But I've got negative opinions instead of them getting interested on it and I felt sad that on this market that I'd love and then I want them to enjoy it as well.

    Instead of the good response that I am expecting, I got nothing and even lied low friends.

    Some people find it hard to even believe the truth rather they prefer to go for the lies people tell and that's how many people fall for scammers. I know you were expecting your friends to believe and take what you're telling them but what can you do when they choose not to believe what you're saying.
    Is good you let them be and supposing they agreed and things didn't go as you told them because some of them only have it in mind that they'll gain and gain no loss, what with would you do?
     
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  • Ale88
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    November 14, 2023, 12:58:13 PM
     #110
    Quote from: nurilham on November 13, 2023, 06:39:53 PM
    Quote from: fuguebtc on November 13, 2023, 09:21:39 AM
    We should still share bitcoin with everyone, but let's share selectively , only share with people who are really interested in bitcoin and listen to what we have to say instead of arguing or criticizing us. If we encounter these types of people , it's best to ignore them to avoid wasting time.
    I also did this way, I only share any information about crypto or Bitcoin to the people who are really interested in it. If the people aren't serious and seems not really interested in Bitcoin, surely it is better to ignore them because they will never care about Bitcoin. They will always claim Bitcoin as a scam although we show the real fact about Bitcoin. It is because they only view the Bitcoin from the bad (negative) side. They never try to view Bitcoin from a positive side and they have no intention to know the reality (fact) about Bitcoin.

    We only waste time with the people who aren't serious to know Bitcoin. Don't debate with them because they will never try to understand the truth!!
    Your thoughts applies to everything that has to do with money management, finance, and investments, not only bitcoin. And let's face, the majority of people don't care about these stuff, for them are just boring, you can try to explain them but they won't listen, they prefer to spend time on Instagram or watching something on Netflix. At this point I'm surprised when someone is actually interested when I'm talking about bitcoin for whatever reason.
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  • barisbilgili
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    November 14, 2023, 03:13:23 PM
     #111
    Quote from: Ale88 on November 14, 2023, 12:58:13 PM
    Quote from: nurilham on November 13, 2023, 06:39:53 PM
    I also did this way, I only share any information about crypto or Bitcoin to the people who are really interested in it. If the people aren't serious and seems not really interested in Bitcoin, surely it is better to ignore them because they will never care about Bitcoin. They will always claim Bitcoin as a scam although we show the real fact about Bitcoin. It is because they only view the Bitcoin from the bad (negative) side. They never try to view Bitcoin from a positive side and they have no intention to know the reality (fact) about Bitcoin.

    We only waste time with the people who aren't serious to know Bitcoin. Don't debate with them because they will never try to understand the truth!!
    Your thoughts applies to everything that has to do with money management, finance, and investments, not only bitcoin. And let's face, the majority of people don't care about these stuff, for them are just boring, you can try to explain them but they won't listen, they prefer to spend time on Instagram or watching something on Netflix. At this point I'm surprised when someone is actually interested when I'm talking about bitcoin for whatever reason.
    Some people who don't think about managing their finances well, of course won't think about investing, because they tend to spend the income they have without paying attention to their needs. Yes, that's right, if we explain about Bitcoin to people like that, of course they won't listen and even if they do, they won't be interested in what we explain about Bitcoin to them, because they only think about momentary pleasure by spending the income they have and doesn't think about what will happen if he can't have any more income.

  • bbigtart
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    November 14, 2023, 04:05:58 PM
     #112
    Quote from: boyptc on November 13, 2023, 10:47:34 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.

    There is no need to force that to someone that we know. We're just going to be looking like bunch of scammers if we're forcing them to invest.

    Been there done that.

    You let them go for themselves and don't encourage people that you know unless you are their first family. Or even with your first family, let them take care of themselves with their own assets and investments.

    Agree with this. Our job is only to provide valid information to those we don't know yet, we don't need to accompany them to buy crypto as we wish, let them make their own choices. This is the wisest thing to avoid misunderstandings, whether it is considering it as fraud if they lose or they will blame us when their wishes are not achieved.

    For families, it's best to do the same, providing guidance about BTC investment and the risks involved is our obligation, and let them make their own choices.
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  • danadc
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    November 14, 2023, 06:09:37 PM
     #113
    Before a few years ago, the Misinformation about bitcoin was so blatant that people who did not believe in bitcoin used to call out to anyone who had the adoption, the misinformation that exists now is bigger and more obvious, no one or most governments do not like that They know bitcoin, because the economy is something that is not going to be as prosperous as it could be with bitcoin, so these types of things are the ones that they should step aside and buy with other things and do what they know best , have everything under control and the best control is that others no longer know about ibitcoin, it gets a bad name and while they Continue buying cheap , spreading fear.
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  • boyptc
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    November 14, 2023, 09:30:14 PM
     #114
    Quote from: Sexylizzy2813 on November 14, 2023, 11:16:18 AM
    Some people find it hard to even believe the truth rather they prefer to go for the lies people tell and that's how many people fall for scammers. I know you were expecting your friends to believe and take what you're telling them but what can you do when they choose not to believe what you're saying.
    Is good you let them be and supposing they agreed and things didn't go as you told them because some of them only have it in mind that they'll gain and gain no loss, what with would you do?
    Yeah, there is nothing we can do with that.

    If they're telling that they are interested after talking to them and yet, you see them show actual no interest at all then let them be. That is how life goes on.

    Whether you're the best in explanation and stories, if the people listening shows you no interest after that, there is nothing we can do.

  • bettercrypto
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    November 14, 2023, 11:27:37 PM
     #115
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

    I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

    Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.


    When people don't know anything about Bitcoin, they all get really lost, and it's no wonder that they end up being misinformed by other exploitative people who can end up being victims of scammers.

    Therefore, it is still necessary that they have an idea, and they should also be aware of Bitcoin so that they are not fed the wrong information about it.
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  • btc78
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    November 15, 2023, 01:53:03 PM
     #116
    Quote from: bettercrypto on November 14, 2023, 11:27:37 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

    I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

    Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.


    When people don't know anything about Bitcoin, they all get really lost, and it's no wonder that they end up being misinformed by other exploitative people who can end up being victims of scammers.

    Therefore, it is still necessary that they have an idea, and they should also be aware of Bitcoin so that they are not fed the wrong information about it.

    I have a theory that most people think bitcoin is a get-rich-quick scheme which makes them think that it’s all a scam they think the money is just generated from nothing so people can’t differentiate cryptocurrency from the real scams

    Someone will promise them that their money will grow twice, thrice, or even quadruple just in a short moment of time without any effort put in and a lot of people are attracted to this kind of statements which are usually wrongly associated with crypto

    It’s not our responsibility to clear this for everyone some people don’t even want to be educated because they already have a preconceived notion about bitcoin or cryptocurrency in general

  • Xampeuu
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    November 15, 2023, 02:03:27 PM
     #117
    Quote from: Assface16678 on November 13, 2023, 09:38:18 PM
    Quote from: Forever101 on November 13, 2023, 08:32:27 PM
    Every technology has its generation, the generation ahead of us will find it difficult to accept bitcoins since they are sticked to their former way of investment. Telling them about bitcoins is just like introducing foreign element to their system. But the fact about bitcoins is that, it is difficult for a newbie to understand the working mechanism, no humans cares only about making money but love to understand it's technicality to be more sure and give their trust to the process

    Also, it's normal that if something is new to a certain person or to the crowd, they will be hesitant about it or have speculation about it without fully knowing what it is. You're right, it's like a foreign thing to them, and anything foreign or new tends to be scary or suspicious for almost all people. But what they lack is understanding and knowledge about bitcoin or crypto currency. The internet only worsens the image of bitcoin for those who are newbies in this field.

    That's why information and advertising for bitcoin or crypto currency are very important and impactful. With more advertising, many people will be interested in this field, but of course, with the right advertising, we need to educate them about the whole purpose of bitcoin and crypto currency. In that way, they can utilise the opportunities that bitcoin can give, and in that way, bitcoin will become more known and become more popular in the mainstream.
    correct reporting about bitcoin will educate people to learn correctly, so that their minds are open and not misleading information, because this can have an impact on spreading wrong knowledge about bitcoin, therefore we should also be selective in being able to assess the news correctly, so that we don't fall into a wrong understanding that ultimately harms ourselves and others. because currently there are so many people with shallow knowledge that bitcoin will easily and quickly make people rich

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    November 15, 2023, 04:06:08 PM
     #118
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.
    It's been a long time I saw anyone publicly making this statement of Bitcoin being a scam. Time have proven them wrong because Bitcoin beat all the targets given to it by the critics. I feel the world is waking up to the fact that Bitcoin have come to stay, no wonder major financial giants like JP Morgan have been keenly monitoring Bitcoin. Don't also forget that fiat payment system, Paypal have shown interest in cryptocurrency which is a confirmation that rather than seeing Bitcoin as a scam, it is being accepted as a welcomed development.

    With the legalization of Bitcoin by some countries, I am optimistic that many positive things will come out of it and many big organizations will also embrace Bitcoin. If you see anyone calling Bitcoin a scam at this point in time, it simply means the person is uniformed or just simply being unfortunate.

    It is my expectation that those of us who do not believe that Bitcoin is a scam are already buying and holding for the future.
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  • ndutndut
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    November 15, 2023, 04:39:17 PM
     #119
    Quote from: bettercrypto on November 14, 2023, 11:27:37 PM
    Quote from: Barikui1 on November 06, 2023, 10:49:44 PM
    Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

    I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

    Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
    but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.


    When people don't know anything about Bitcoin, they all get really lost, and it's no wonder that they end up being misinformed by other exploitative people who can end up being victims of scammers.

    Therefore, it is still necessary that they have an idea, and they should also be aware of Bitcoin so that they are not fed the wrong information about it.

    That is the importance of basic information and knowledge about bitcoin so that they avoid fraud and don't even consider bitcoin to be part of a scam. Without correct knowledge about Bitcoin, the information they will get will also be wrong.

    We need to educate friends or family first and teach them a lesson that what they have to remember is.
    1. The definition of bitcoin investment is saving bitcoins in the present with the hope of making a profit in the future
    2. Bitcoin investment must use leftover money (not operational money)
    3. Don't put your eggs in one basket, don't store your eggs in one bag, because if one breaks, they all will break. Create portfolios in various places.
    R


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  • MFahad
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    November 15, 2023, 04:46:21 PM
     #120
    Quote from: barisbilgili on November 14, 2023, 03:13:23 PM
    Some people who don't think about managing their finances well, of course won't think about investing, because they tend to spend the income they have without paying attention to their needs. Yes, that's right, if we explain about Bitcoin to people like that, of course they won't listen and even if they do, they won't be interested in what we explain about Bitcoin to them, because they only think about momentary pleasure by spending the income they have and doesn't think about what will happen if he can't have any more income.

    Some people don't think about future and spend whole money but don't realize that if hard time comes then what will they do. Everyone is familiar with bitcoin but some people don't accept bitcoin because they are unable to wait for such a long time. Who desires to invest in bitcoin will invest without learning from others but those who don't have any dream of investment will never understand even we teach them each and everything about bitcoin.

    When a person has money then they don't think about investment but if they don't have money then they say that if they wish to have some money that they can use for buying bitcoin. Those individuals who don't have any bitcoin yet will surely wish when they see other fellows to take benefit from it in 2024 but it will be too late as halving again will be four years later.








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