Bitcoin Forum

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies. I was discussing with some one about bitcoin and it's achievements over the years and how this past few years has gained massive ROI for investors and he was so concerned about how people got scammed using online platforms giving negative attributes to Bitcoin to him bitcoin is a Ponzi scheme.

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

With time. Some will attempt to educate themselves online and realize that Bitcoin is not a scam, some will FOMO in at some point in the next huge price rise, while some will pridefully think that Bitcoin is a scam no matter what happens. There are enough material online for Bitcoin education; just let Darwinism take its course.

Let's just expect that not everyone is into bitcoin and even how it will become successful in the near future, there will still be a lot of folks that won't be aware of it.
And to those that have a bad impression to bitcoin just because they've got a nightmare and bad experience online. It's their fault but I'm sure that many of them haven't closed their minds with new opportunity. I agree to mk4 that it's just a matter of time that their perception towards bitcoin will change.

providing good evidence is a way to recover from their bad experiences. bitcoin was not actually created for evil, it's just that people were shocked by the events that happened to them, it became one of the less favorable moments. I suggest providing education and understanding if bitcoin in the digital era has now become a profit-generating need and not for a negative thing

It's takes time, sooner or later people will realized what bitcoin is and what it can give to them in terms of financial stability. And those who find it difficult will eventually give up and slowly accept it, otherwise they will be left in the closet as we are marching towards digital era or even cashless society.

Don't worry about FUD, as you can knowledge and experience, you will just laugh on those negative news about bitcoin, because deep inside you know that it is not true. So why be affected by this rumor monger?

The way to solve this problem is only to understand the truth and always try to avoid making a deal with the Ponzi, scammers, or else and always carefully if they read some news that offers a big profit in the short term.
Those who got tricks from the scammers need to open their minds about learning more about the real things they want to invest in so they do not follow the scammer's trap and give them money.
If people can open their minds and not become greedy to see a big profit in the short term, they will see that everything they want can not always happen shortly and everything will always need time before they can achieve.
So in this matter, only learning more will help them get out from the worst situation and make a profit in the future.

One thing I have learnt during my journey with Bitcoin, is not to force people to buy bitcoins. In the beginning I could not stop myself from talking constantly about Bitcoin to my friends and family and people I came in contact with.. and they got sick of this. I soon realized that they are only enthusiastic, when I make huge profits. (800% profit in 3 years) ....so I changed my strategy.

I keep quite and I just buy nice things.... when they ask me where the money is coming from... I just casually mention that I made X amount of profit on my Bitcoins..... and this is the trigger... NOW, suddenly..they are interested and they want to buy too.  ;D

The fud and negativity will always be there and the butt hurt people who could not pull the trigger.. will also be there, so I say.. DO NOT waste your energy on them, because people seldom change their minds... rather be an example of success and they will come to you.  ;)

A lot of people are not financially literate and have bigger problems understanding how bitcoin works. Lets just look Salvador, the first county to make BTC official currency. Now they have problems because only 5 % of population actually understands what bitcoin is and how is it used. Companies are already protesting against accepting BTC as payment currency.

The major reason for it is not the past experience people had on the internet, it is mainly about the FUD that is being spread about bitcoin. Imagine for almost a decade you've been hearing a lot of negative lies about something, the only logical way to think about that thing would be negative! That is until something negates that FUD. Usually big adoption news does that, news such as a big company starting to accept bitcoin. Or the recent news about a couple of countries adopting bitcoin as legal tender.

That person you're talking to is kind of an ignorant, I mean if they can't see past the negativity that has been spouted over by a lot of people against bitcoin then they don't deserve the benefits and merits of having bitcoin and the profit it could bring as an investment.

You're right that people are often cautious about cryptos because they've been traumatized by something that was claimed to be an innovative idea before. At least, that was my experience, and people whom I know to be against Bitcoin are usually aged 60+. They remember ponzi schemes of the past and feel like it's another one. I try to tell them that it's different, but it's very hard to convince people who have their beliefs set in stone by dozens of years, so after a few attempts I just try to omit the crypto topic. But as more institutions and famous people express their trust in Bitcoin's future, it's getting better and sometimes people reconsider their views.

I got the impression that bitcoin itself knows at what time and to whom it becomes interesting. Each of us at a different time comes to him. Someone came very early, and if he was not stopped by all the news backgrounds that bitcoin is a hoax, this person will become a true bitcoiner.
I never put pressure on people to refute their point of view about bitcoin. I believe that ignorance is only their problem. Why should I make an effort and argue with a person who doesn't want to hear anything at all? They watch and listen to zombie boxes, that is, TVs and news, where some kind of restrictions on cryptocurrencies are constantly being introduced. Until a person himself comes to an understanding and interest in bitcoins, all attempts to prove anything will be unsuccessful.

Nothing much you can do about it. All of that is part of online and internet awareness, and financial education at the most fundamental levels. That is, how you interact with money, risk management, etc. Nothing really specific to do with Bitcoin anyway.

I say this because even for those who do know about or have Bitcoin... Many actually do not know how to or are not even aware of that there is a way to interact with Bitcoin as a user and as a participant. They all be happy having "bitcoin" in Paypal.

There are many ways to let people know about bitcoin but still, there are many people who do not know anything about it and since many people especially the old people are scared of any new technologies they will cont bitcoin as a new ponzi system. Bitcoin is there for more than 10 years and still, it's new compared to many other assets and surely this will take much more time for the newbies to get to know about it. Here I believe everything depends on social media and who educational they can be to spread the word.

You should not be surprised about this, because not all people in the world are in a situation to have a chance to know about Bitcoin at all, simply because they do not have access to information. About 40% (https://datareportal.com/global-digital-overview) of people in the world still do not have access to the Internet, and that says enough about what we are like as a society.

In addition, it should be taken into account that Bitcoin is very differently represented in the media when we talk about different countries. So most US residents have heard of Bitcoin because it is very often the subject of their mainstream media, while the situation in the EU is completely different (at least as far as my country is concerned), and people mostly get information through friends, acquaintances or some websites.


We can’t convince anyone to invest in cryptocurrencies, it’s just wrong. When it comes to financial responsibility and investment, everyone should decide for themselves based on the solid facts available online - and then they can seek help on how to make a crypto wallet and tips on how to properly safeguard their digital assets. If someone wants to live in the belief that Bitcoin is a Ponzi scheme that will sooner or later collapse, so be it.

bitcoin is only new for beginners,, actually before we jump into bitcoin, we must first know about bitcoin, so that we don't fall into the game of scammers, who take advantage of beginners in their deception,, with their sweet promises, who promise to give more profits ..

I like it. The available educational materials about Bitcoin are increasing and they are customized to more learner categories. From young and middle ages to old and children.

With Darwinism, the age of bitcoiners will become younger and children now will be main force of bitcoin communities in the future. Just in a next 12 years, we will have another generation of bitcoiners. They are future of the world and of bitcoin communities.

They will have more easily to accept Bitcoin and contribute more developments over the world.

YES, BITCOIN IS ONLY NEW TO THE NEWBIE

Using a common knowledge, anything you know recently is new to you, like 2010 and 2011 not everyone in the forum knows about bitcoin but just of recent the awareness of bitcoin covered everywhere and people began to know bitcoin, and some geographical environment as we are discussing now don't know what's bitcoin while some knows, it's when you know bitcoin it will be valid or valueless base on the explanation and understanding of it, so many people has heard about cryptocurrency or bitcoin in particular but the challenge they are having is that they don't believe in bitcoin.

Unfortunately, not all beginners want to learn more details about bitcoin, how to avoid scammers and how to know if someone wants to scam or trick them instead of just following what they got from the internet. The scammers usually use a simple trick that offers big money to them quickly, but those beginners can not think if that offers just want to get their money. But I am sure with many bad stories out there, the beginners will read about the scammers and be aware of staying away from the scammers and not easily follow their tricks.

Actually most of the people, including kids and old people alike are actually very involved with the whole concept of Bitcoins and cryptocurrencies and also at the end of the day, these things only came into existence in 2009, therefore we have to realize that its not been that long, therefore I do believe that at the end of the day in few more years with the technical advancements we will be seeing more people interested in the whole concept of cryptocurrencies and bitcoins. Therefore till then we can do our part: telling them about it, this could mean a lot for your friends and family members because they are more likely to listen to you and to your option than go online and research, you can always provide the first push.

he is concerned with others more than himself but did he also got scammed before ?
if not then he shouldnt worry because you are there to guide him  .
we need to help them realize that bitcoin wasnt really a scam and to those that got scammed it can be thier fault because they maybe lacked of knowledge and yet they insist to continue  .

and in my experience, better wait for someone to approach you and ask about bitcoin or crypto, if in case they already know you are into crypto. because if you will insist it to them and try to explain things, the response is different. but for someone who is really eager to learn more, your time will be worth it as he will indeed listen to what you have to say. a lot are still hesitant because of the negativities they are reading and watching, and most of them don't want to educate themselves to further their knowledge in this new tech.

That’s really sad to hear that this type of frauds still happening and for this our bitcoin ecosystem is looking in a negative way.
The only way to make people believe that Bitcoin is good and worthy of investment is by some serious plan.
We can make some popular celebrity like Ronaldo do the promotion for Bitcoin.
As Ronaldo has many fans and thereby they will gain some believe on the coin.
This is a good way I guess to teach the newbies about Bitcoins and also to introduce the positive aspects of BTC.

well we cannot blame them its their choice, because indeed if they are really interested to become part of crypto currency such bitcoin, perhaps they will make a good research to avoid those frauds enthusiast that keep fooling around the internet. Indeed using basic research nowadays you can see some feedbacks from other people wherein if the site is totally legit or not.. Sorry to say but mostly newbies just want an easy money, i mean even before reason why until now they always fell to some ponzi scheme.

in my country, crypto ponzi schemes are very rampant, even thousands of people are deceived by fake bitcoin investments
From the data obtained, those who fall into the trap of fake investments are those who are persuaded by acquaintances/relatives

breaking the chain of fake investments is purely the work of the government
if they can't educate citizens about what investment is, how to identify scammers and give their citizens a sense of security then they shouldn't be sitting in their current position

bitcoin is only new for beginners, that's true, but if we believe and are serious about exploring bitcoin, I'm sure we will definitely be able to, because effort never betrays the results, if we are just learning we are still new, we have to crawl first, after that only then can we walk, and after that we can only run, but if we convince old people about bitcoin, I think it's really difficult, because old people are very difficult to believe in new civilizations..

There are people who heard of it before but are still skeptical about Bitcoin since the news that they heard before was that its a ponzi scam. I attended to parents and teachers meeting in 2018 where my kid goes we were talking about what we do for a living and i happen to mention that I tried making money online through Bitcoin trading. Some of them are looking at me like I'm a scammer.

Last year some of them reach out to me about Bitcoin and want to know about it. I chat about stores in other countries accepting BTC already that even the rich people like Micheal Saylor and Forex brokers are already adding Bitcoin in their market. Taught them how to buy in localbitcoins and I gave them the link to bitcoin.org and bitcointalk.org forum so they will learn from here. The next days when I saw them online again on my facebook messenger, I asked if they have already download some wallets, their response is no. I got disappointed how the only two parents who asked me about it still are not convinced despite the price going $40K. Newbies are hard to convince.

Bitcoin will always be a scam and fraud for people who still got no enough knowledge about it. Also, it only becomes Ponzi because of scammers who are using crypto to fool people. If we'll only do our own research then we'll see the real value and importance of Bitcoin as a digital currency. We'll never be a victim of crypto ponzi if we'll know how to get rid of it.

that's true because those who don't know and don't want to know about bitcoin and crypto will always think that what we're talking about is a scam.
especially for those who just entered and invested without any knowledge. most likely will experience a loss and he will consider it a fraud.

Majority of those who believe that Bitcoin is a scam are those boomers and probably those who lack knowledge about Bitcoin and cryptocurrency and are probably misinformed with the whole concept of Bitcoin, but I think we are slowly getting past through that old belief because more and more young people are being educated about Bitcoin, Blockchaind and cryptocurrency, I honestly think it does not matter if these boomers do not believe in Bitcoin, it's more of the next generation that we need to pass the information on, because they are definitely the ones who will continue this legacy.

I think that attitude is also natural because they don't really know how bitcoin works in the market.
but after understanding there should be an understanding open in his mind.
try to find out how bitcoin really has brought something new to the world market.

With the contribution of us who still believe that it is all just information that does not really prove the destruction of the crypto market. Over time, people have begun to open their minds and accept the existence of crypto, especially Bitcoin, as a profitable alternative investment.

Maybe in the past it was because of the inaccessibility of information, but now there is a lot of information and also the public's criticism of a problem by exploring it further. So we believe that at this time the optimism towards the crypto insight is beginning to be understood.

And our job is to be a disseminator of that information anywhere, even by chatting while relating crypto issues in it. I and the people in my place are familiar with crypto. This has shown a change in the paradigm of what was once a misunderstanding.

Because your friends are reading articles that are shared on facebook or twitter. If you look at the media, most of them just try to spread FUDs. They use clickbait and miss leading titles to gain some attention. You will notice that during a bull run you will see articles that talks about stuffs like "someone losing his bitcoins" or "how a guy lost all his coins because he threw away his old hard drive". Those articles are very old, but they start appearing again just to scare people. Your friend should be reading articles from  reliable source and stop believing everything he reads online. Why don't you help and educate him?

Thanks Captain Obvious, I mean that's the point of calling them a newbie, because bitcoin is a new thing/idea for them so it's not really that profound thing that's to be discussed too much.

Bitcoin shouldn't be to blame about this. Hackers and frauds are everywhere as we are living in the technology era. There is no way to get rid of them once and for all. We have a big responsibility because of this. We must be really careful about our actions. We must beware scammers. You might ask how you are going to do it. It is not that hard actually. For example, you should never make an investment into a coin or project before reading the whitepaper and doing a detailed research.

I my opinion btc is not very old, its still in its initial days. 10 years are nothing for a new technology. BTC is facing too much resistance for govt and its allied centralized bodies, they are busy in creating bad repute for BTC. With time people will get to know reality and we will see more people in BTC community. But for that we need to wait.

of 100% of the population, only 20% are new to and understand bitcoin, some of them have generally started to adopt bitcoin. so it's only natural that others can still be considered as beginners and in general they are not familiar with the current digital era. for us to convey about the growth of bitcoin may be a bit difficult and outright reject what we say. they think the information is just a hoax.

this is exactly me .
im just quite about my crypto works , im afraid of bragging it to everyone else because in my head what if they are going to say things like this or that ? later on they finally notice that im into cryptos and there are times that some of them approach me and ask tips how to get started .
people are now interested to cryptos because cryptos are now popular and more proofs are now being shared .

In my opinion BTC was born with the FUD news and emerging ponzi projects developed very quickly making many people think BTC is like a ponzi and they see BTC as a scam , Up to now BTC has increased by one amazing numbers , But still can't change some minds of BTC newbies and crypto market entrants.

It's all just their unwillingness to learn new things. Such people need tangible evidence in their immediate environment that has been successful in bitcoin. And open their eyes and open their mindset about the real bitcoin. And explain all the differences. If they can't accept it then it's our job to only spread good information. Maybe they are one of the many people who are losing money because they don't want to learn new technology.

I think trust can remedy this thought, I have a friend who is aged and also learned, but he engaged in this popular Ponzi scheme MMM and lost so much to it, and after wards anything online, digital that's finances he is not interested in it and felt same way to crypto-currency, not on till the person he trust guided him, now he is very much into crypto-currency and he is always like an ambassador, those type of people can never be forced, but can be guided by who they trust, like what Elon musk did, many people came into crypto-currency because of the trust they have in his judgment.

The education that exists on the internet is not in one place and is spread through the internet. If you have ever tried to explain Bitcoin to someone you need to refer to a place which has all the information in one place instead of trying to find a lot of different sources in different places. I can see why with the lack of a one place solution why people are not adopting Bitcoin because it is a hard subject and without theere being a comprehensive place to read about it they give up. Bitcoin.org is probably the best source but I would like to see more videos explain the technical side of Bitcoin.

In fact, if you look at it so far, most people already know and are quite interested in being on this path but the possibility that makes them still hold back is worrying about losing their money considering that until now there is still news that is not good for cryptocurrencies.
but I think this will be quite good because considering that if beginners jump in without thinking about other things that are a risk this will add to problems such as fomo and hype will be more widespread, besides that it will also be used both for influencers and people who really love the pump and dump line.
this will be very bad for them so while I think it is quite good even though for the future more people will be on this path, that's okay for sure they have to understand at least the basics and techniques when on this path.

If he can trust someone to change his perception on crypto, then that someone might be very effective. I also think its just a matter of self education and once you know already the facts about crypto, you will never be afraid in it anymore knowing its not a ponzi scheme that exists online.

I have encountered lots of people like this. For me, it is important too that we should be there in their learning process not just to guide them, but definitely clear out all negativities that became the barriers of not believing them in crypto.

Some people still claim that Bitcoin is a ponzi scheme and it is just ridiculous to be honest.  :D  I really wonder what makes these people say such things about Bitcoin. One person just makes up some lies and it spreads very quickly among people. If you ask them their reasoning, they won't be able to say reasonable things and I'm pretty sure of it.

And yeah, Bitcoin is new only to the new investors. And that's because they don't have much knowledge about Bitcoin yet. They just hear something about Bitcoin and it can be enough to draw that person's attention there. But as long as they know the importance of doing a research, they will figure out the real Bitcoin easily.

Actually, Their ignorance of Bitcoin and other Cryptocurrency makes them sometimes hate Bitcoin.
Because they only see from one side. Moreover, some of them actually asked the law of cryptocurrency to someone who influenced him but the person was not very understanding about Crypto.
So they did not get the right answer. Only actually adds to their dislike of Crypto, especially if it is associated with certain trust. It will be difficult.
Even though they are not people who are blind to technology, even though they may have also begun to use digital currencies, but they still have a negative view of Bitcoin and other cryptocurrencies.

Its more of an ignorance i think. People always draw conclusions without even doing researches at first so they will be able to discover the truth and not just relying on heresays without reasonable proofs. But i know it is only now that they become naive because as time goes if they chose to learn the facts about bitcoin, probably they will understand bitcoin and learn to grab every opportunities with bitcoin.

Time will definitely change everything. And that first impressions on bitcoin about ponzi scheme will definitely won't last. Bitcoin is only new to those who chose not learn from it.

First off, i don't think you should over concern yourself too much with preaching about bitcoin and cryptocurrencies to skeptics and those who have written it off, you can simply tell them about it and if possible, suggest a credible website where they can read more about it for themselves. Also such persons often with time have a change of opinion on their own, sometimes influenced by other people's testimony or results, but until that time...do not over stress on it, else they may think you are involved in scam activities as well. The simple truth remains that - Time will tell.

^ The problem with them is lack of knowledge that we should fulfill, we can teach them those who are willing to listen but if those who want to insist, let them free and forget them. Provide some evidence that proves BTC is not a scam. Only those people using BTC to scam others and I hope they will understand this. However, those who are willing to listen are yours, explain to them very well that BTC is not a good source of income, it is a currency that we can probably good alternate to fiat.

Well for numerous schemes scattering here and scams are so rampant for sure those people who want to get quick richest but lazy to do research about those multiple scam attempts will became a victim of frauds, I can't blame them if they decide to quit because they had bad experience then talk about bitcoin is scam because they don't understand how they get scam by frauds who use bitcoin for there own schemes.

Yeah many find it difficult to understand since bitcoin is really so hard to learn especially if you don't have anyone teach you about how it works that's why most of the newbies who have 0 knowledge tend to quite because they find it stressful and unworthy since they don't earn fast benefits on it.

That is what happens around me.
some times, I was tired of explaining cryptocurrencies to people around me. But in fact, they believe more in media with negative sides of crypto only. And always warn me about quitting this crypto world with their nonsense reasons.
So, if they first don't like Bitcoin and they don't want to open mined with crypto, let it be.
And if there are newbies who don't know about crypto and going to learn about crypto, just let them know and tell what we understand. And one important also never to promise them about being rich soon with crypto so that they will be aware at first.

What we can do is tell them that bitcoin is like fiat, neutral. What made it bad is the people, who take advantage from others with bitcoin and it actually can be done too with fiat.  So no need to blame bitcoin itself as a bad thing, people nowadays only see something and not learn deep about it.

Some who have suffered bitcoin scams are likely to overcome the stigma if they learn to use the technology correctly.
It is not easy to make people understand how to adapt and stay safe after losing money.
We need better solutions and user friendly so investors of all levels from beginners to experts can invest safely.
If we could bring the best information it would be easier so that people without knowledge about bitcoin do not suffer from money losses.

actually we can't force someone to accept or trust bitcoin because I think trusting bitcoin needs confidence from ourselves so that we can manage it well and get the benefits. but if we want to educate them, we can introduce them about bitcoin slowly and little by little, it takes time to convince someone to trust bitcoin. if the way to introduce us about bitcoin is correct then there will be a side of their interest to learn more. So it's not easy to convince someone with the trauma and it all takes time.

Most people are misinformed about Bitcoin, they are more likely to believe the news they read from the local media. Which is where most local media
are usually controlled by the government,  so they report information about Bitcoin according to the opinion of the government. We know
the government is afraid that Bitcoin will replace fiat, so sometimes governments say bad things about Bitcoin. Finally I also experienced what
you experienced, where many in my environment said bad things about Bitcoin, it's because they received the wrong information. Our job is to
educate these people by providing correct information about Bitcoin, but if we find some people are not open-minded, it's best to just let them be.
The most important thing for beginners is to find a trusted source of information,  which is indeed the source of the information knows the crypto
world well. So don't get the wrong information.

Many of them have at a time been scammed by online frauders and with that experience, they find it difficult to believe anything concerning Cryptocurrency. While a lot of people haven't heard of Bitcoin yet, it sounds strange to them. When I basically want to talk about Cryptocurrency to someone new to it, I often start by explaining in a language they will understand what Bitcoin is all about, when tell them the benefits of investing in Bitcoin. However, I believe with time, majority of the world population will know about Cryptocurrency and how it works.

I want to clarify things about ponzi, with respect on bitcoin there's a lot of schemes that used btc as their mode of investment without even letting the holders handle their asset. What they only offer to somebody was the promises that they'll earn more than their capital, and through huge expectations many innocent people fell on their traps and lost a lot of money.
Newbies without proper understanding what digital currency is, they're more vulnerable from ponzi scheme offerings.

Indeed, the reality is that there are a lot of newbies who are victims of scammers, because they really lack knowledge about Bitcoin. So don't
understand how Bitcoin works, then scammers take advantage of it by offering instant profits. Finally, newbies who don't have experience too,
are more easily fooled, because beginners are still new to the crypto world. Do not understand the dangers of the crypto world without knowledge,
only people who have knowledge can avoid being scammed. So it's best for newbies to learn all things related to the crypto world, before deciding
to invest in Bitcoin.

That's the most passive approach in my opinion but wouldn't it be better if we as a community at least try and continue to educate as much people as we can reach, remember that it's better to move even though you're losing than not doing anything.

There is actually no particular thing Bitcoin investors can do about people who are indifferent about the network, I mean, investing in Bitcoin is a personal decision and if people due to one reason or the other feel they do not want to get involved in anything relating to the decentralized network, then there is nothing you or I can do about it, but moving from the general to the personal, you can try teaching people who are close to you, family, friends or close relatives, you can try to correct some of the erroneous news they must have seen or heard on the media and swallowed it hook, line and sinker, imo, that's more like the best one can do.

Having said that, many people would get involved in the network not by anyone talking to them about it, but by just noticing how good it is, just like the scenario of the influx of institutional investors right after the pandemic struck, with the years more and more people would want to control their finances, they would want to be their own bank, thus they'll have one very good option with Bitcoin and go on to join the network for good.

We need to educate people about bitcoin.
The more people know about bitcoin, the quicker we will have adoption.

Newbies that invest in Bitcoin is possible to get panic if the price slowly decrease. They will negativity feedback Bitcoin investment and possible to post in social media. They didn't realize that before they should invest, they should know first what is Bitcoin investment and the possibilities. They think it is new investment but actually not.

In my country only totally disconnected from mass media person doesn’t know about crypto currencies. Sure only some of them invest and trade, ever less mine, but people are informed about BTC as digital money that cost excessive amount of money per coin. But it's still uncertain when they will start to use crypto, because they get sallaries in fiat, all shops sell products in fiat. People don't need crypto in everyday life. So BTC is not new but is not in very big demand yet.

These newbies should accept that Ponzis victimized them during the time it was prevalent; reliable information is more accessible now than before. The community is much cleaner now. Being swayed by scam programs and platforms is a phase that newbies usually experience; some learn it instantly, but unfortunately, some learn things the hard way. Doing our own research and asking someone trusted would help.

Its also new to us who spent it all  ;D ;D I spent 20ish btc in the past 5 years. Sold my first @300$ and 1000$ the rest.

This kind of stigma needs to be clarified, that the public can actually easily be given an understanding of Bitcoin investment, if you yourself are able to illustrate Bitcoin's integration with everyday trading life. If you realize that it's all just about implementation, that investing and trading in Bitcoin is often found in the daily lives of traders, online and offline sales stores. So, your job is to be able to illustrate it all and then relate it to the current era.

Yes, it is cleaner now than before. Even though there are still a few, it has failed because people are aware of it and are aware that it will turn out to be a scam. Well, I was in this phase where there were a lot of easy returns at the time, and I was also scammed when I was new to bitcoin, thinking it was bitcoin but it wasn't, so I lost hope at the time, but after a few months, I was able to recover. I believe that the majority of newbies are duped by easy money and promises of a return. However, even though you are a newbie, you are aware of it or have doubts about it.

I think not really, in fact, for developing countries, the rate of promoting industrialization and modernization is still rudimentary and slow to progress, but people's knowledge is still a luxury.  The media is mostly young people, so bitcoin awareness may be lower than in many other countries.  They take time, but we should be glad that anyone who knows bitcoin is still early at this stage.  Many people will be grateful for that

People always changes. And this process might take a lot of time. However, they will, eventually. And if at the end of their life, they still do not want to involve with bitcoin, it is their choice. You have to respect that. But our world will keep moving on and bitcoin (as well as cryptocurrency) will be used for daily purposes. Change is necessary. Always seek for new development and enhance our knowledge.

The thing to me is, I don't believe we can convince everyone to Invest in Bitcoin or cryptocurrencies in general even if those people have never been scammed in any way via internet scams or fraud. The human race is wired differently and people will approach investments differently. Some people already know about bitcoin and not having negative feelings towards it but still won't invest in it just for their own reason. I believe we should know that not everyone will invest in Bitcoin or accept it even with the continuous prove of success.   

It's strange to hear that there is still someone who doesn't know or has never heard about bitcoin, from what I see even in my country in poorer areas (see I live in a poor country) people know about bitcoin and its great advantages and they know about altcoin and mining, so if people from a poor country like mine know this as other people from countries that are better off don't know about bitcoin and its advantages and are still talking about ponzi schemes of the past

Just let adoption to do its move and its true that we cant really force everyone on engaging to bitcoin because not all would really be having that interest and some doesn't really have sufficient literacy on learning up something new but honestly it doesnt really need some technical or crucial knowledge to deal with bitcoin.

Simple understanding is enough but in reality this might be simple as it sounds.Lucky for those who do able to engage with bitcoin and do know on how to take advantage and grasp those chances
for them to make profits.

This isnt only talking about money making but also into its actual use-case.

There are many who fell for scamsters who advertised themselves as Bitcoin miners or some sort of corny positions and scammed the hell out of people. Even when you google you will find many scam websites popping up, not sure whether it is the same now. People used to search for mining and they fell into the hands of scammers and ponzi doublers and once they loose the money they will not further try to learn about the market.

You can never blame someone for their ignorance or being close-minded because somehow, this was caused by the environment they lived in the past. I would assume this person you talked to was at least of old age because this happens so often with old people. Might be that they got scammed in the past by someone over the internet or just plain-out fear of the unknown which is understandable, whatever that is, don't invest in people you will never get something back from. You would only be wasting your time, your energy, and possibly your money arguing with people who have already made their mind about bitcoin. Well seeing as we've literally surrounded ourselves with like-minded people that will help us pave our cryptocurrency journey it would really sound absurd to hear about people who still haven't had any information about bitcoin or cryptocurrency for that matter, but the thing is there is still a lot of people out there, millions probably, who still haven't caught wind of bitcoin and the wonders it can offer to everyone today and in the future.

There are still some people who want to remain ignorant about it because they already don't bother about the news about the success stories of the people who invested in bitcoins. I think they suffice themselves for whatever they have right now and don't want to further extend their assets to the next level. These kinds of people are contented and I think we should leave them for whatever they want to do with their wealth. Maybe they will follow the trend from other sources because this time we are not the only ones who are promoting it. the mainstream media are also involved and some of the big companies around the world are sharing good thoughts about it.

I think it is because many people don't understand bitcoin that they give us more opportunities. If bitcoin is popularized, the competition to create wealth will be fierce. Of course, there will be a more prosperous era then.

It is a live issue. I meet a lot of people that don’t know nothing about crypto apart from bitcoin, Bitcoin paizza day and that there were a lot of people who lost their money in this market. These people judge just from bad news, but usually people  themselves are to blame for their losses. Some forget seed phrases, some give their seed phrases to unauthorized people. Personally I am trying to tell such people about how to work in this market safely, but actually, it is so difficult to convince someone.

actually, I'm also afraid that there are so many scams out there, and the scammers are in the name of bitcoin, that bitcoin is being targeted as a digital tool to blame for the scams. In fact, I think the government also thinks that way, even though if we examine it more deeply, the problem is in education.

however, to get rid of thoughts of FUDs, scammers and other bad things, people who want or will be involved in crypto investment especially bitcoin, should seek in-depth information about it. best thing is to ask the experts, or find out information like crypto investing in forums like bitcointalk. many people are experts and will give advice to such people. So, as people who already know about this, it's best if we can't provide more in-depth information, it's better to give them basic education about crypto, then find out and ask what they know here, or in other trusted forums.

Many beginners think that all places of investment are the same. at most I find things like that on telegram. quite a number of foreigners are offering profitable investments in the name of bitcoin, and if it is a layman, they are likely to be easily deceived.

Yes, it's the same thing I experienced, usually those who are new to bitcoin, they are persuaded by a very high ROI, and high profits, without knowing the risks of the trade itself, they prefer to look at motivators who have been successful without looking at risk and learning about predictions. Many of those who are currently losing their assets due to getting into the wrong cryptocurrency, they need knowledge about cryptocurrencies, not just motivation to get rich quick.

Yes bitcoin I still new to some people in my country in particular some people don't even know about bitcoin they don't even know what bitcoin is and some people if you tell them about bitcoin they will believe you want to scam them they will believe you are a scam. So people that are just knowing about bitcoin it will definitely be new to them.

Some newbies still think that Bitcoin could be a scam project. But I don't blame it on them actually. That's because there is a information pollution about Bitcoin. Some people try to benefit from this situation and blemish Bitcoin with ridiculous claims. And this causes some people to start being afraid of investing into Bitcoin. But these people should already know that they will find the truth about Bitcoin when they do a detailed research rather than listening to people who have an ill will.

Most of them do jumped in because they have seen others had able to make big money and this is where their interest do poke up and get engage without any researching and on the time that they
had lost money then thats the only time they would really make up some realizations.

We dont start on being a pro specially on dealing with new things and thats why mistakes are inevitable since we arent perfect at all on the first place.Its new but doesnt mean that
our first impression would be always true.

 I was once in this shoe and so I can attest to this fact, the first time I heard about Bitcoin in 2017 from my friend, I didn't want to accept his information because I just lost money to Ponzi scheme. Not knowing it was real. I actually was afraid thinking it's another way to scam me, poor me little did I know it wasn't a scam not until Bitcoin started making waves. But it is normal for those who don't still know about Bitcoin I think this way especially when they or there friends or loved ones has ones had a terrible where they have been a victim of scam.also,  I know a whole lot of people who are not even aware of the existence of a digital asset know as crypto currency not to talk of Bitcoin just like me in 2017. But I think there is a solution. The solution can be in form of conferences to sensitize people. Maybe those who already know about Bitcoin can organize conferences in places like campuses especially where you can find Students community.

Many cryptocurrency newcomers may see a lot of negative news about bitcoin in the media news. They have misunderstandings and bad impressions about it. And bitcoin is a new thing in the financial system, and many people are unwilling to actively understand and accept them, and they will be cautious about these.
Under the current digital economy trend, many companies and institutions are gradually accepting the use of bitcoin. This will make more and more people begin to understand the value of bitcoin and the benefits it brings, and the strengthening of bitcoin consensus will also allow more Of people accept it.

Bitcoin is too old, because there are already many altcoins as a better alternative to bitcoin in any way, but anyone who is new to cryptocurrency is always started by getting to know bitcoin, even they call bitcoin the same as other coins.

There might be a handful of altcoins who possesses a better alternative to Bitcoin in terms of tx fee and tx speed, but they're no better than Bitcoin in terms of the trust from investors. Infact, hundreds of scam alts and projects tarnished Bitcoin's name to those people who has no idea about cryptocurrency. Those people thought Bitcoin was a scam.

Some people in this current timeline knew altcoins first than Bitcoin because of the NFT games.
And there are still a lot of people who has no idea about Bitcoin, or they have heard about it but doesn't have any idea about it.

It maybe that they're are not totally exposed to bitcoin related news and matters.
I would say I have been in the same state, not until I started associating with a friend that knows about it.
Bitcoin has given humans a whole lot of opportunities, hopefully they'll be enlightened soon.

Agree, there are types of people who cant open their minds when talking about bitcoin and keep on insisting that it is a scam because of their experience. Giving examples and education in order to understand what bitcoin truly is a big changer. Although they can educated themselves by researching, giving a good experience is much more reliable and valid. Furthermore, without noticing bitcoin impacts everyone and for those who don't, it will open an opportunity for them to explore what intangible asset is.

That is why they are called "Newbie" because they are new mate LOL.

how can you expect them to Knew Bitcoin when they are only new to this market and currency  ;D

made me laugh reading the title but the thread speaks well, being in this crypto world people must learn faster or else they will be missing more chances of gaining and profits.

sooner or later they will be , but at least they are ready to learn from news and they are also wide open in opportunity and possibilities .

To be honest, investing in BTC or in any cryptocurrency is really risky, and the fact that it's a decentralized currency makes it illegal in a way that there would be no government intervention just in case you got scammed. No one will be held responsible for their loss other than themselves when everything's gone wrong and we need to understand that not all people can handle this kind of investment.

@Sanugarid Every story has two sides. Our trust in fiat currency makes it valuable otherwise it is not backed up by any tangible asset. Even in central exchange banks we can only exchange money for money, we can’t exchange it for goods directly. In the same way many firms have started accepting bitcoin and if you are not sure about investment, you can always trade bitcoin and convert your earnings into fiat currency. Scams can happen even while using fiat currency, you just need to be a bit more careful.

I still don't understand why people say bitcoin is a ponzi scheme, this is a crypto market so of course there are losses and gains like buying and selling. Bitcoin was created for the new era of digital currency or long-term investment. maybe people like that just need a good education and experience to try how Bitcoin works

The level of public literacy about blockchain is still very low,
this should be a challenge for the crypto community to develop and popularize crypto
This is also the basis why this forum was founded, right? :)
To improve literacy.
Although full of controversy, crypto trends will be difficult to contain and the use of virtual currencies will become even more massive.
And it is a law of nature that the new technology will erode the old

Some people still think that Bitcoin is a scam, a "tulip." They do not have their own opinions. They only pay attention to the negative news about Bitcoin. When there is negative news, they will be happy.
But there are also more and more people who understand Bitcoin. Learn the knowledge of cryptocurrency. Like to pay with Bitcoin.
Nothing is perfect. They don't want to accept new things.
Those who cannot keep up with the times will eventually be abandoned by the times.

I agree. Some people just focusing on the negative sides of Bitcoin like reading the negative news about Bitcoin investment scam, sudden dump is not safe, unregulated investment is dangerous and many more. But there are also some who find Bitcoin investment as a new gold in digital aspect although intangible yet has a lot of potential to become more valuable as the years goes by. Negative people will be left behind.

Sometimes it is very hard to explain what bitcoin is specially to the old people. It is very hard for them to think that they can send and receive bitcoin by the use of internet. They are not aware what bitcoin is. I guess they really need to research and check the latest news now a days.

We cannot blame those people who show negativity towards bitcoin because even the government too is also contradicting bitcoin. So it's just between two groups, those who are positive or negative about bitcoin. But as more positive news come out that talk about bitcoin, maybe some will definitely change their minds. Except for those newbies who don't know crypto or bitcoin at all.

People refuse to know about bitcoin, it's either they are not inclined to it or their minds believed that bitcoin is a big scam. Hence, they become newbies in this case. But people change in just a matter of time. When all people will get educated about bitcoin and its blockchain technology, probably that will influence them to change their negative thinking about bitcoin.

The older generation tends to be afraid of the rapid advancement of technology and this is a common thing
The younger generation has the advantage of being able to absorb information faster through the technology they master better than the older generation

Blockchain is the future and the future belongs to the younger generation :)

People will keep on criticizing Bitcoin based on there past experience with cryptocurrency investment which must have scam them of there funds believing that Bitcoin and it entire cryptocurrency is a scam projects which is capable of making lose if they invest in cryptocurrency. I once had a friend who had lost so much in Bitcoin due to Bitcoin investment he joined that ended up being a scam losing everything he had worked for.

All we need is to try as much to convince people who might have had similar issues with Bitcoin with proof of what one had gained by just investing or trading. This is a psychological matter that would require much simplicity and patient for one to completely convince people that have been scammed with Bitcoin.

Many people think Bitcoin is a scam because they are influenced by FUDS, while they don't really know about Bitcoin well. If they are educated enough or have sufficient knowledge about Bitcoin, they probably don't state Bitcoin is a scam but they will say investing in Bitcoin is high risk. I am not so surprised to see that fact since many people aren't familiar with digital assets yet.

Yep. Actually, Bitcoin isn't a new thing anymore but not all people really know it even it already exists for a decade. Sure, it depends on who speaking is. For bitcointalk members, Bitcoin is absolutely not a new thing. While for some people outside there, they may just hear about Bitcoin today. Not all people always monitor the development in the digital world, some people may not even know what the internet is. So, how they know Bitcoin, right?  ;)

thats why, hard to make bitcoin as real currency. there are many people still dont know how gold or land works, sometime they just buy it for accessories than sell when they need money without knowing the real how much money they get. problem is people must share the information about that one, and remove investment thinking about crypto.

I think there are already a lot of people who have come to know bitcoin but there are also those who are still ignorant about bitcoin and does not even know that its existing. And most likely they are those residing in areas wherein modern technology is not yet fully practice and expect that most of them are illiterate.

But also bitcoin is new to some people who have been believing that its a scam when probably its not. Of course they are newbies knowing they don't know exactly what bitcoin is and its usefulness to the people.

although the development of bitcoin is getting better and many people know it, there are also many people who have not dared to enter into it. it's quite difficult to convince those who have a fear about bitcoin. invest in bitcoin like any other investment where there will be benefits and risks in it. we can only try not to get big losses. we must also know that investing in bitcoin is not something to play around with because it takes effort and patience in it to be able to achieve the desired goal.

I think it's true, and most importantly for Bitcoin investment requires large funds. especially for newbies who know about Bitcoin. most of them will turn down an offer to invest in Bitcoin. With large enough funds, the risk taken is also great even though the actual gains on bitcoin investment are greater than the losses.

Actually yes, Bitcoin and moreover cryptocurrency is new for newbies, and maybe it is also something strange and nonsense for people who don't really know about Bitcoin and crypto.
My parents also don't know about Bitcoin, even don't understand although I have told several times and explain it clearly. What they know is that I can get cash money from Bitcoin and crypto That is enough.
This is simplething.
People don't know Bitcoin and crypto because they're new or they really don't understand about crypto itself.
And if they don't know exactly but they are talking about Bitcoin opinion, it will commonly mislead and result in negative thinking about Bitcoin.

Eventually, this is happening. Most of our today investors are people who once believed that Bitcoin is a scam. But after making their researches, they've realized they were mistaken. Just eventually, people will keep learn more about Bitcoin and they'll see that it's not any scam.

There will always be a lot of skeptics who refuse new technologies. People were against computers in the beginning for being too big, then they were skeptical about internet because why would you need that if you have evening news on TV. They dont believe in electric cars and will keep forcing gas usage, dont even get me started about self driving cars etc... But no matter how hard they resist, technology will always catch up. Progress cannot be stopped.

Just a couple of years ago same kind of situation was there in my country but now i can say that almost 90% of the people know about bitcoin. Bitcoin and cryptocurrency are in a hype since the last year and now most of the people are aware of it.

They just need time to accept btc because not everyone understands the technology. Or it could be that they are tech savvy but they are less interested in the existence of btc because in their mind bitcoin is a scary investment like stocks that many people lose money without returning.

agree, many people know about it, but i cant find 'many' like what we talk about. im sure, if i come to my neighbour house and ask about bitcoin, they wont get it. and yeah, newbie is people who dont know exact about bitcoin, they just think about ponzi, or just number.

As time goes by, people's opinions and thoughts change. Their thoughts on Bitcoin are no exception. Those who still doubt, don't believe even think of Bitcoin as a scam because their bad experience may change their mind. It's difficult, but supported by the emergence of bitcoin on Google, it makes it much more reliable and can be known by many people. In addition, some of them will also learn from the mistakes they made when they joined crypto. Bitcoin is not as bad as people think it is like scams, scams, scams, hacking and others. Try to learn more deeply so that you don't misunderstand and you will actually benefit.

it is not easy to give understanding to anyone about bitcoin, they will understand after usually crowded on social media something happens related to bitcoin. it will be easier to explain to beginners because there is already a cursory understanding of the info through the social media.

but it is true what you said when it comes to money that will be used as an investment, they will think hard and are usually afraid that they will no longer listen to more detailed explanations that they may not know. Things like this are normal for beginners.