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    Author Topic: Do not get discouraged by the current price of Bitcoin  (Read 1961 times)
    serjent05
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    May 02, 2024, 07:11:14 PM
     #41

    I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam
    It’s crazy to think that in the year 2024 people still believe that bitcoin is a scam.

    It is crazier to think that in the year 2024 there are still people who do not know that Bitcoin exists.  Bitcoin adoption and information dissemination is still in the process to reach people that are yet to know about Bitcoin especially those who are in rural areas.

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    I just know that these people do not understand the actual concept of bitcoin that is why they say that it is a scam. I do know the dangers of scams particularly ponzi schemes however it has been well 15 years since bitcoin was launched and people still do not understand how different bitcoin is to a scam

    Well, there are people who were a victim of ponzi schemes and fraud company that uses Bitcoin as their "products" to entice people into investing in their company, so we cannot avoid that people who are a victim of these schemes may think that Bitcoin is a scam worst, probably they even spread their belief to their friends making these "friends"  think that Bitcoin is a scam without even knowing what Bitcoin is.  So it won't be surprising that there are still people think that Bitcoin is a scam, even in social media some known people still think Bitcoin is a ponzi scheme.

    But regardless, as long as a person understand the Bitcoin market, instead of being discouraged, they will be greatly encourage to accumulate Bitcoin especially when it price drops and it happened after the halving because the Bitcoin history shows that price surge after some months of the halving event, and this is the best time to enter and reenter the market.
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