Bitcoin Forum

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.

The core reason why people think that Bitcoin is a scam is a lack of understanding. Not everyone understands the concept of Blockchain, some people hear the "chain" and think it's a cycle just like Ponzi while some others find something to read meaning into. However, the most recent and prevailing reason is fraudulent activities that go on with the help of Bitcoin (You can't blame Bitcoin, it's a currency, anyone can do what they want with it be it good or bad). Today there are a lot of scams out there and it's just too much that it obscures the view of newbies. All the hacking incidents that have happened are also a contribution somehow. So, for these reasons, many people just feel it is not a straight path and that it is a scam.

you dont need to bombard them in techno-speak straight away

years ago the quickest way i convinced people was to order pizza/fast food with it. and while answering questions the food would arrive, they soon realised it was an accepted currency, then they got more interested in knowing the techno-speak stuff

these days the quickest way is to tell them about established institutions like blackrock. and how they have invested billions into bitcoin with all their projects and services. just show them their application to offer ETF shares rated in stored bitcoin. explain how blackrock spent years looking into the technicals and seen its a valid asset

Normally, we are all different; what it takes to convince Mr. A to do a particular thing is not what will be required of Mr. B. There are different classes of people in the world today, and the world is not just your country. You might be living in a first-world country with fancy tech, good info tech, and a lot of channels through which information and education about new technology can get easily passed to society, but in some other countries that don't have a good means of informing the whole society about a new technology, only those who have the opportunity to travel out to the cities around them would have more information about recent things than the others. I am living in one of the most beautiful cities in my country, and I know fully well that if I travel from here to my village and begin to ask some of the educated and uneducated youths and old people living there to invest in Bitcoin, they will first of all ask me what Bitcoin is, and if I can't show them any physical (asset) thing as Bitcoin, they will possibly think that I came from the city just to scam them. So, OP, there are people who still see Bitcoin as a scam, and the reason why it's so is because they don't have good knowledge about Bitcoin. If you see people like that who are willing to learn, then teach them if you have the time to spare.

A person will only look as a scammer if they forced people into investing to Bitcoin, or they exaggerate the presentation about Bitcoin like getting 1000x profit in just a short period of time or making use of the previous market profit that is not applicable today.

If a person is only spreading information about Bitcoin, its technology and how it can help the economy without stating the possibility of profit and investment, listeners will never label or see it as a scam.   Let them know about Bitcoin and let them discover it themselves that they can also invest in Bitcoin.  This way, we are not touching the sensitive area of influencing them to spend money and invest in Bitcoin, they should find it themselves and let them be the ones to ask us about Bitcoin and profit.

If you want to spread the word, then you will have to accept the consequences that you are going to be tagged crazy, a scam, or a cheat. That's what people who believe in bitcoin get when they're trying to talk to people about bitcoin and cryptocurrencies. It's something that isn't welcome by any means, but any new idea tend to get met with hostilities and instant discrediting of information unless you show them 'actual' results and real-world scenarios.

It's not you who's missing on the benefits and all the good stuff that bitcoin brings, anyway. At least, you shared the knowledge and you shared the possibilities. It's up to them to grab or believe it.

Honestly, I wouldn't worry about it. Bitcoin isn't going anywhere.

I can relate to this because this is what I also experienced in some of our locals here. It's just sad because they are the ones who are saying it's a scam or saying some negative things when they don't even have any knowledge of Bitcoin.
For me, this will continue especially bull run is fast approaching, and a lot of scams or hacks will involve Bitcoin and some people will start blaming Bitcoin for it.

Bitcoin is scam.
Bitcoin is dead.
Bitcoin is polluting the environment and harmful for the Earth.
Bitcoin does not have any value.

Misinformation can be debunked.
5 Resources to teach Average Joe about Bitcoin (https://bitcointalk.org/index.php?topic=5156874.0)
Debunking the "Bitcoin is an environmental disaster" argument (https://bitcointalk.org/index.php?topic=5325350.0)
https://bitcoincleanup.com/
https://endthefud.org/
Bitcoin Mining Council Reports (https://bitcoinminingcouncil.com/)

I disagree with you on this. There are situation that you people will look at you as a scammer even without you having a conversation with them talk more of forcing them to invest. I believe you may have come in contact with an Internet fraud that offered you 1000x profit that make you feel that the only we people can see you as a scam.
Just as Dr.Bitcoin_Strange, said in his example, in some villages or town there are people who are educated and yet uneducated on others things like bitcoin, with there vast knowledge or long time study they believe that whatever you tell them when you are not highly educated as them is rubbish. This kind people may consider as scam when you talk about something like Bitcoin to be a money that is not visible.
In some areas whatever the population is not aware of is generally considered as scam when introduced to them  because of ignorance. So is not only when you try to force people to invest that they can consider you as a scammer.


Wow that's quite different I never imaged that placing an order for pizza can be a convincing point. Maybe that's because you're in a city that is exposed or civilized, well over here I can't find where to buy stuffs with Bitcoin. The only place I have see that they accept Bitcoin is a furniture shop where  sofas are sold in wholesale.

Do you think it was easier back then to convince a pizza or fast food guy because they saw you paying in Bitcoin every time and one day wondered how in the heck are you purchasing so many things with it?  They do appear to get more interested if they see a real event occurring.  If they see some body paying with Bitcoin for instance.  Other wise, Bitcoin is just another subject for discussion to most of them it seems.

I find difficulty attempting to convince those around me today.  Even if I tell them established institutions are riding the Bitcoin wave as well.  The skepticism is still the air and it does not seem to get a lot better than it used to be.  It could be us explaining and having much different capacities of explaining and convincing too of course.  Country of origin as well.  Different experiences.  Different cultures.

I guess it is to be expected, specially when a new technology like Bitcoin comes along as it is the first time that we have witnessed crypto (although we have something prior and it gave Satoshi his inspiration). And with that, it's human nature to be afraid of what's new as we resists change, specially the fiat and the banking system. They see crypto more of a threat, but for us it's a alternative.

And Bitcoin is still fairly young to begin with, so there is going to be a learning curved, and there will be negative things that we will here from it's detractors specially in 2017 when it was one of the best year for Bitcoin as people around the world was very curious at the same time there are a lot of attacks. Nevertheless, we will continue to march in the next 10 years or so and I don't think that those misinformation will be enough to stop this revolution.

Addressing Bitcoin as a "Father" or a "King" is somewhat nonsense for me.
I mean why address it like it's a person or what? Father of crypto? I can't help myself, but to laugh. Anyways I will not focus on that one because I agree with what you said that misinformation in the internet is at it's peak right now.

There are still newbies out there who are still getting scammed because of misinformation. There are newbies out there who look Bitcoin as a scam because of misinformation. There are still newbies out there who don't want to invest into Bitcoin because they believe that it's a scam. Why? Because they absorbed information from the wrong so-called gurus, or influencers whatever you want to call to them.

It's pretty common nowadays especially when you're a newbie that you will experience the same thing you experienced. The good thing about you is that, you did your own research yourself, and saw that everything, or at least most of what they said to you was false. Those fraudsters will try to milk those newbies as many times as they want until they don't have money left. As long as there are newbies, there will always investors who will get scammed.

Well, educating them is the way to go, but be careful with the information that you're sharing to them because there might be times where what you're sharing to them are wrong. I guess just continue with what you're doing, and thanks for sharing the correct information to newbies out there. :)

It's just the rhetoric of those who don't like BTC and it's natural they don't understand. In fact, currently many eyes are on and BTC does have high appeal and is able to attract people who are worried about the direct control of national banks and any government.

What is certain is that if you are patient, users of this currency will get different benefits from traditional currency users, even when we drink coffee on the go if we have invested and we don't need to think about instability now and in the future if we play long term.

Every new concept , especially when it's linked to investing and fund, often face initial resistance before being accept as legimate. Typically aged people are mostly less familiar with new technology and doesn't want to take risk in new things. I remembered that once when bike was rate in our area , old aged people hesitated to ride sitting behind with the thinking that it is risky to set eventhough they rode bicycle daily.

Now with the accessibility of internet, everyone could easily research about btc. One can discover how many companies, services now embrace btc. calling Bitcoin scam nowadays is just showing ignorance of people.


You are doing a good job to teach new people about btc. you should first learn deep history and why people need btc. It's will help you to teach properly. Moreover you can learn all those questions which a newbie maybe ask you. No need to force anyone as this is not ponzi scheme which will give you fast profit but after some times nothing will come into your hands

I guess it's enough to do your part and let them do the rest. You tell them about Bitcoin but if they insist that it is a ponzi or any kind of scam, then don't argue with them. Just let them do their additional research and verify for themselves whether Bitcoin is indeed a scam or not.

I have also encountered people who are hard to convince. It's usually because they are already biased against the idea of Bitcoin. They already have assumptions. I don't want to exert too much effort just to win them over on Bitcoin's side.

people years ago thought it was not real money(2012-2015). so showing them that you can buy things with it is an easy convincer.
so showing someone spending bitcoin = pizza delivery was the easiest(of many ways).

back then it was easier to get merchant adoption. i personally convinced many merchants to start accepting it. but the thing that has become annoying to them merchants in more recent years is the $1+ tx fee
having a customer pay $1 tx fee. then the merchant has to pay another fee to move or spend. makes merchants think its not a good idea(for money) compared to fiat.. so i stopped the merchant adoption game. too much resistance/headache for little productivity..

yes there are subnetworks promoting cheap fees. but those have so many bugs and flaws and bottlenecks they too are not secure or fit for purpose to promote as the other means to expose merchants to.. (new subnetworks need to be build from fresh learning from old subnetworks mistakes)

these days bitcoin has transitioned from being money to being asset (from spending to investing) so you have to show the well known institutions that not only sing bitcoin praise. but also are really involved in it. not just investing in the coin. but setting up services and getting their lawyers to apply to the regulators to show its not just a fad but something serious

so right now bitcoin is settling into the realm of utility as an investment vessel of peoples store of wealth..

the whole misinformation game other play in promotions of old subnetworks as solutions was something i had to unravel and reveal as a plot to get people to leave bitcoin. the "bitcoin NFT" meme ordinal junk was another one. making sure contacts i knew didnt fall for those crap schemes, and so far they are listening to stick with actual bitcoin hoarding and avoiding the silly games pretending to be bitcoin next gen things

Bitcoin is a pioneer, but misunderstanding persists. Isn't it worrying how quickly perceptions can be skewed? The persisting misconception that Bitcoin is a scam reflects the fight against financial ignorance. Many start with your cynicism before adoring bitcoin. As you said, education is crucial.

Engaging the misinformed requires enlightenment and acceptance of their position. Offering knowledge without being harsh is difficult. Presenting Bitcoin's risk and reward, volatility, and inventive roots can open more eyes. You may connect with financially curious people by portraying Bitcoin as a decentralized movement rather than a money.

As you educate, examine each coin's tangible asset and intangible ideology. By discussing Bitcoin's philosophy and mechanics, you may help people overcome their financial despair. Every mind opened contributes to educated public discourse.

If it were me, I wouldn't take the time to explain bitcoin to anyone, let those who consider it a scam continue with that thinking. I would only give time to people who really want to learn about bitcoin and focus their time on their investment.

Furthermore, as you also said, you also considered bitcoin to be a scam and then you realized everything. So let's let people approach bitcoin that way, we need to give people and bitcoin more time. There is no need to rush to force people to do things they are not ready for or do not need.

The time has passed when people could believe that Bitcoin is a scam. The reality imposed by Bitcoin through its strong presence and overcoming all the great difficulties it faced, especially by governments, proves that Bitcoin is not a fraud and that it is here to stay.

Therefore, you do not have to convince people that Bitcoin is not a scam. Let them discover that for themselves. When they see Bitcoin reaching astronomical numbers and that large institutions begin to accept Bitcoin and invest in it strongly, then they will know the truth. But they will regret it at that time.

Bitcoin, a form of digital currency that has changed the way we view financial transactions, often comes with several misconceptions:
Some ordinary people assume Bitcoin is a fraud scheme or a form of pyramid, even though this currency is a deposit on various global exchanges.

 Understanding how Bitcoin works and the associated risks is a crucial step to avoid misinformation and make more informed decisions in its usage.

The discussion on Bitcoin misinformation should take a two-sided analysis. The first is on the part of the people who believe that Bitcoin is a scam which you spoke about, and you can't stop them from believing what they want to believe because their belief system is a function of the information they've previously received and the best you can do is to give them the proper education regarding bitcoin investment both in the short run and also the advantage of holding bitcoin in the long run. This might change their thought process but if it doesn't, you just have to let them be.

The second part should be on the people who paint Bitcoin as a get-rich-quick scheme and also the unguided misinformation that tends to equate bitcoin to other cryptocurrencies tempting uninformed people to invest in other coin that might be scams and worse of, hodl it with the hope of it appreciation in the coming years.

Couple that idea with the fact that a lot of scammers back then are using bitcoin as a way to entice victims and that a lot of illegal activities like drug dealing, money laundering, illegal gambling or even gunrunning, with those at the helm, bitcoin's bound to be painted in a bad light not to mention that the media isn't really on bitcoin's side ever since and we would see the result of those stuff with ignorant people being closed minded about bitcoin while repeating the shit that they've heard in the media about bitcoin which is almost always negative.

We live in the "fake news" era, where every information can be deviated in a misleading way.
I've seen Youtubers making long videos explaining why Bitcoin/crypto is a scam in a very logical way and a lot of what they are saying makes sense. Just look at the Youtuber James Jani for example. Many people, who watched his videos about crypto will be convinced that Bitcoin/crypto is a scam. That doesn't necessarily mean that Bitcoin is actually a scam.
You could keep explaining people why Bitcoin isn't a scam. I wouldn't bother with this. I think that most people should do their own research and make their own conclusions about whether Bitcoin/crypto is a scam or not.

Many people like myself too had this mindset that  Bitcoin was a scam before we took that bold step to join the industry.  While it is partly caused by lack of sufficient information or knowledge,  I believe those who have strongly refused to purge themselves of these negative mindset about Bitcoin are just scared of taking risks.  They backup their fears with negative news and rumours about Bitcoin,  soon they will realise themselves that they have been missing out on a great opportunity. There is no point imposing Bitcoin on anyone,  everyone should be allowed to do what works for them and what they are comfortable with. The aim is to earn income,  every man with his own hustle.

It can be a really sad thing when Bitcoin was undervalued in the past when many people considered it a Bitcoin scam. And at that time people were misrepresenting Bitcoin, and taking Bitcoin as a negative. But those people now have a lot of knowledge and after seeing all these changes in Bitcoin, they believe that Bitcoin is actually a trustworthy currency. But currently those who don't believe in this Bitcoin but see Bitcoin as a scam I would say lack common sense. But there are many scam currencies in the market where people lose money by investing and blaming Bitcoin, actually it has nothing to do with Bitcoin. But we can say that since the price of Bitcoin is increasing rapidly and we expect good things from Bitcoin in the future, we have faith in Bitcoin.

It's normal that the average person is often misinformed about Bitcoin. They don't want to take the time to look for more information about Bitcoin. And they also follow other people's invitations without checking them first. However, if they look for other information, they will see that investing in Bitcoin is true.

This is what scammers are doing to attract the attention of people who want to invest in Bitcoin. And people think that Bitcoin is a program introduced to them by scammers. Even though Bitcoin has nothing to do with these programs, this makes people think that Bitcoin has cheated them, even though it is the scammers who cheated them.

If they weren't lazy to look for other information, they would see that investing in Bitcoin could be a long-term investment. They no longer need to join other investment programs. And they only need to buy Bitcoin regularly using the DCA method and save the Bitcoin. That is more than enough so they don't need to follow price movements that could worry them.

Some people spread misinformation about Bitcoin for their own benefits but there are reliable sources like this forum itself to cross check everything. You should always do your own diligence before making any investment. Same applies to alt coins. There are so many alt coins and there is so much benefit in spreading misinformation about them that a lot of people actually do that. But you should have the judgement to filter reality from crap.

How many of them have taken their time in making research about the true identity of bitcoin, are there no scams in fiat currency, when we heard of something, it's a good thing to push forward in making research about it to know how how true it is, the mistake most of us do is that we only acted hastily on any information reaching us without taking our time in making research about them to know wether they are true or not.

The main reason why many people think Bitcoin is a scam is because they do not understand it and also have no knowledge about Bitcoin and that is already a classic reason. Actually it was their fault because at that time they did not take the initiative to do research, and after they found out that Bitcoin was not a scam, they regretted it but it was too late.
So, forget the past even though many people are now aware of it and don't waste your time investing in Bitcoin, do it now before you regret it a second time.
And this is the journey of Bitcoin that ultimately they will trust Bitcoin and get involved, and this will continue and ultimately Bitcoin users will continue to grow and also grow as time goes by.

Of course, I have also experienced that when I told my friend about bitcoin, he thought bitcoin was a scam and it didn't make sense if the price was so expensive. I tried to explain but since he doesn't know anything about bitcoin, I'd better leave it at that because it's hard to explain to people who aren't interested in bitcoin.

I can't force someone to like bitcoin or recommend they invest in bitcoin. I think gradually they will realize for themselves that bitcoin is a valuable asset. Bitcoin is becoming more popular every day so I think everyone will eventually know about bitcoin

   wish I could just scream NO at anybody who ask this question and tell them how Bitcoin is going to change the world. I will first start with features of Bitcoin. It is Easy Fast Secure Works 24*7 Decentralised Permissionless Then I will tell how it is better form of currency.It has limited supply. Unlike Fiat currency, only 21 millions Bitcoins will come to existence with the startup cryptocurrency investment company where you get double of your invested cryptocurrency.  No central government or organisation have monopoly over it. Only Federal Reserve reserves the right to print the US Dollars and on their own wish. You either buy or earn Bitcoins.You do not need permission of any bank or card to transact in bitcoins.
  it is excellent medium for exchange of goods and services It can be used to maintain accounts It is fungible. Moreover people like Bill Gates and John McAfee endorse Bitcoin. Then there are people like Andreas Antonopolis who works as evangelist for Bitcoins and make people aware about How Bitcoins is going to change the world and is not a get rich quick scheme.I would discuss about the poor condition of the world’s economy. Countries like Venezuela and Zimbabwe are on the brink economic meltdown. Bitcoins can give them freedom to transact again with the money which has value and not a piece of paper.Lastly I would tell story about immigrants in western countries and how expensive and slow it is for them to send money to their family. With Bitcoin is cheaper and faster way to send money back home to your parents, wife or kids. But I also know that nothing is permanent. With good there comes evil. Bitcoins has its own share of problems.

It's good that the op is trying not to push too hard, so that people don't see the op as a scammer.
People can have false information about Bitcoin, but, to be honest, I think it's way more than just Bitcoin. Education often does not include learning how to fact-check information, how to spot suspicious things, how to judge reliability of information, etc. Then there's also a lack of logical thinking skills, such as being able to make nuanced distinctions. For example, Bitcoin is not itself a scam, but many people pushing for Bitcoin can actually be scammers. If people use guilt by association instead of carefully sorting different information, it can lead to many mistakes.
I believe it's crucial for basic school education to transform and start consistently providing critical thinking skills to help people navigate the world in a better way, and those skills would help reduce the amount of Bitcoin misinformation as well.

People who think Bitcoin is a scam are of course due to a lack of knowledge about Bitcoin. There are many people who take advantage of their ignorance to become victims by luring them to invest in Bitcoin to get bigger profits. Even though what they are offering is not bitcoin, it is just another crypto but in the name of bitcoin. This often happened in my country several years ago.

Our only job is to teach them about the science of Bitcoin so that they don't make a mistake in choosing an investment. If we have taught them, let them make their own decisions, we don't need to force them.

While there a small population that still believe that bitcoin is a scam, that only proves that bitcoin is great at attracting open minded people.

Well bitcoin has been a huge controversy on financial stance from people and its government, while bitcoin offers decentralization government want to disrupt it because it is simply against their system.

Bitcoin does not care about being on top or being cared about, its purpose is to be a currency, which is not happening at the moment because we are using it as an asset, so let's not take a grudge to people who see bitcoin differently.

The honest truth here is let them think what they want to think, let them say trash about bitcoin because it doesn't even affect bitcoin so I don't see any reason you convincing anyone about bitcoin when the person is not willing and ready to learn. Sometimes the people talking trash about bitcoin saying bitcoin is a scam spreading false news about bitcoin  is either bitcoin stands as a threat to them or their business. The funniest part is when blogger or influencer spread false news about bitcoin people who are not educated will decide to listen to this information.

The funniest thing is that no one sees the financial system as a SCAM, which it clearly is. It's a shame, but a major obstacle in adoption is this kind of reputation that makes the average Joe run away.

I was expecting to read some facts, figures, or information that you think is the wrong one that we as newbies get to learn. But you were simply stating the heading in extended words without any real story behind it. We all got the idea of BTC wrong. It's not because we or I were misinformed, it's because we did not give ourselves proper time to educate ourselves. We thought it was a quick-rich scheme and all we had to do was do this and that to earn it.

But if we look at the the past, we realise that we are our own enemies because if we have given ourselves some time to read about it and get some sense of the market, for example, how it works and how we can get benefit from it, Then we might get a huge amount into our hands.

Other than this, most of us were latecomers, so we won't say anything about information or misinformation, but now I am glad that you are cooperative with others, even if you are are just new to this platform with 10 activities.

^^ That right there.

Anytime someone says Bitcoin is a scam, a fraud, a ponzi, a pyramid, is somehow bad, is going to zero, has no value, has no use, or anything like that, it is simply due to a deep lack of understanding.


Most people who have negative views about bitcoin fall into one of these cateogries:

1. They read a negative article(s) about bitcoin and all their beliefs around Bitcoin are based on what other people who lack understanding said.

2. They are skeptical about any investment that makes people a lot of money so by default they look at Bitcoin's success as an appreciating asset and they literally just can't fathom its growth trajectory so they assume it is some sort of scam.

3. They think bitcoin is bad for the environment because they don't understand how mining works and they likely read a negative article about mining written by someone with a lack of understanding of mining.

4. They think Bitcoin has no utility simply because it isn't yet generally used to buy things, and they don't understand that that use case comes later in its adoption and there is no reason to expect it to be used to buy things yet.

5. A politician or someone who gets their bitcoin news from politicians who thinks Bitcoin is bad simply because it is outside the control of governments.

6. They personally got burnt by getting into Bitcoin during a bull run and selling at a loss on the ensuing crash, because they didn't actually know what they were doing when they bought it.

7. They are confused about the different between Bitcoin, Crypto, and websites/exchanges in the industry. Because they conflate all these things they think when a hack occurs it means Bitcoin was hacked, or when something was a scam it means bitcoin is a scam, or if something went out of business or did something illegal it means Bitcoin is illegal or collapsed.

8. Simply not understanding volatility and Bitcoin's 4 year market cycle. Every single cycle most people assume Bitcoin is dead after the crash happens. Every single time they are wrong, but every cycle they keep thinking the previous peak was the final peak and the latest crash was the final crash that will keep going. It's just very short term thinking because they don't have any understanding about Bitcoin's value, they literally think its just some investment scheme so when it crashes they think oh that's it, it's done.


The common factor in all these area that they simply don't understand what Bitcoin is and the value is provides. I'm not even talking about understanding blockchain and how it works. I'm just talking about a lack of understanding of the basic value of what it means to be good money and why Bitcoin is extremely good money, as well as not understanding the market cycle and the general adoption path of such a thing.

Due to the popularity and reputation of Bitcoin, it is common to see scammers hide behind the coin to defraud unsuspected investors. They will always tell people that they are buying Bitcoin meanwhile, they are been introduced to shitcoins or a Ponzi scheme. People need to know that there is no connection between Bitcoins and altcoins but in some cases, people are deceived that they are similar. I would have joined the Bitcoin train a long time ago, but these scammers scared me away from the crypto space.


Getting correct information about Bitcoin is not as difficult as it used to be in the past. Now you can always verify the details you get because there are many genuine websites or media platforms where one can access Bitcoin education. The strength of Bitcoin is in mass adoption and this can be achieved through mass awareness programs. If you have the opportunity to tell people about this uncommon currency, go ahead and do it. But make sure they get a balanced message to avoid misconceptions.

People who do take bitcoin as a scam are the people who is very myopic of bitcoin, so I have to let some people know that bitcoin have to do with something that people who haven't verified well or inquire well will not understand the process of bitcoin, so therefore, I stand to say that bitcoin stand as elevation to support fiat currency but people who is myopic of bitcoin call a bitcoin a scam.

What I really want you to understand concerning bitcoin precisely is that you have to conduct a research of bitcoin before you conclude of bitcoin, some people said its a scam but they have not verified well concerning bitcoin investment, so therefore I will say that bitcoin is good currency but when you listen to government condemnation about bitcoin you will be discouraged to embrace bitcoin but when you take out your time to invest in bitcoin you also have to inquire as well

Usually, people who say that Bitcoin is a scam are those who don't know or lack knowledge about it. But those who know and understand the concept of Bitcoin don't think it's a scam. Most people may think that Bitcoin is a scam, but for most of them, it has not been proven that Bitcoin is really a scam.

You can only be misinformed if the person who tells or talks to you about Bitcoin either hates Bitcoin or is just saying it because he can't make a profit from it.

Telling about bitcoin to people who don't know anything about bitcoin is difficult, often bitcoin will be associated with fraud or gambling. Usually I will start by telling about the financial system and how paper money is often printed blindly, resulting in inflation. Apart from that, paper money is also influenced by the power, influence and dominance of a country. I will explain this before I talk about bitcoin and how bitcoin with the blockchain system works as the antithesis of fiat currency

Usually they will understand if we explain the financial system first, although there are still those who don't believe it, especially if they know that the price of bitcoin is very expensive. But actually it's not a serious problem because even though many people don't like bitcoin, the price of bitcoin is always high, especially if everyone knew about bitcoin, maybe the price would be many times higher than now.

It's really hard to combat misinformation when you don't say what it is exactly. You didn't say how you or others are misinformed.

I mean i can think of several fud reasons that are easy to brush off, but there are many different angles people are using to spread misinformation, and not all of them can be brushed off in same way. Some of them are not misinformation, but just data without context. Some of them are exaggerated claims, some pure lies, and some have seed of truth, some of them aren't really lies but told with bunch of lies. So that truth gets mixed with lies.

Most of the time people don't just understand the concept, or arguments get heated because apparently some protocols are too dangerous for people to play with.

I mean i have spoken for bitcoin, but i can't argue that all use cases are going to be positive. Like any tool, it can be used in many ways. And it's hard to say if all the people should have access to all the tools that can hurt there. It's whole another argument all together imho.

People who think bitcoin is a common scam are laymen who don't know what's what but they are only able to comment with the dirty word "scamers" even though they don't know about understanding bitcoin, this for me is no longer common because in our area there are still some who think bitcoin is deceptive because they see drastic price increases/decreases or their perspective leads to ponzi schemes.

I will educate those who come to me and want to learn about understanding bitcoin further about the basics that must be understood, I will not get involved so much in educating stubborn people because it will only spark unnecessary debates, people like that will remain skeptical of bitcoin, and usually when bitcoin flies high they will come and ask how to invest in bitcoin, it's not strange anymore.

Your past is some people's present, so some people are currently as misinformed and have doubts like you were just some time ago. Some people are not lucky enough and the first people they come across are people who do give them the correct information concerning bitcoins and that is what they then carry along. Misinformation has made many people not want to hear about investment in bitcoins and the bad thing is only a few of the misinformed will get to find out later that they had the wrong information.

I am not sure how you have been misinformed about Bitcoin. So far, I know that due to a lack of knowledge, a few people spread misinformation about Bitcoin; they just present it as an investment opportunity. Very few individuals know about Bitcoin technologies and uses. That's the most common misinformation spreading around us. If we know how Bitcoin works, then anyone can't say Bitcoin is a scam. So it's most important to learn and spread the right information.

No, some people believe that stocks are a scam. You cannot change people’s thinking over the course of several years, but it requires patience, and over a certain period you will find that all the people who were wary of investing in Bitcoin have become more open to it, either because they read more about it, or because more people bought Bitcoin because of the existence of a general regulatory framework for investing in Bitcoin, although I believe that such people would prefer to invest in Bitcoin indirectly.

You should avoid clicking on sites that provide misleading information because high views are what push them to continue lying.

You were not alone with that misconception and I don't blame those people who remained skeptical about bitcoin up until now, because of the several news articles that tackles about negativity about bitcoin and some crypto related scams.
You have no obligations to teach or educate these people, you will only get the same results just like when you were not convinced by other people who engaged in crypto before.

I had a friend who behaved exactly this way. He is into the crypto sphere however, when he makes an investment and waits for a while, a day or two after patiently waiting, the prices come back up and then he gets sad for selling too early. Afterward, he then calls crypto a scam (but he earns from it) because he feels someone could be regulating the price to not favor him. But I won't call his case misinformation, it looks more like frustration. Anyways, I generally think that it's easier to see the bad part than to see the good part so people tend to hold on to the bad side of Bitcoin so much that they don't see the good it does.

Misunderstandings are true in all countries, something like this is bound to happen, there are so many people who misjudge Bitcoin, even if it is explained, they still don't believe it because they have consumed wild information on social media. So it's not surprising that many people have pros and cons to Bitcoin, even in my country there are still many like that, there are more people who are skeptical of Bitcoin.

Sometimes I realize the situation, maybe in this world we really need balance. If everyone is pro bitcoin, demand is too high, the price will be very expensive, and I don't have many bitcoins yet. We really need people like Peter Schiff, Nouriel Roubini who are anti-bitcoin and who scare people to get people to sell bitcoin.

Bitcoin always seems like a scam to many people who don't understand how it works. I was in same category at first until I joined this forum and had to learn if its capabilities.
The media does more in enabling misinformation wherebeit the scam of FTX and other failed crypto projects has done well to give it such a say.

The misinformation also shows itself in the cases wherein it isn't the legal tender of a country or the government is trying so hard to control or regulate its activities.

There are indeed stubborn people that keep on believing on the misinformation they get without even digging the truth themselves.  As far as I observed, people who think Bitcoin is a scam are people  who got victimized by fraud company.   While other simply does not believe on the economics and system of Bitcoin.

If one encounter this kind of people, better try to have patience and never offer any Bitcoin investment idea because they may even tag us as one of those scammers.

When informing people about Bitcoin, we should not push the investment part.  I believe giving the basic information about Bitcoin and its revolutionary idea will make people interested.  There is no need to discuss about the profitability of Bitcoin market because they will find it themselves when they started researching about Bitcoin.

Once they have doubts and don't believe it, even if you explain it a thousand times and provide them with thousands of benefits about bitcoin, they will never bother. For me, giving advice to others is not explaining everything about bitcoin, it's just a waste of our time. Instead, you should show them proof, how you have changed thanks to bitcoin. Many people are even skeptical when you present living proof, let alone just tell them about empty theories. So I think we should only talk about bitcoin with people who have heard about it and are interested in it.

Scams happen everywhere even in the fiat system. Dozens of fraud are been committed everyday moving funds from bank to bank and are reported to banks but do you know that banks don't do anything about it? They just ignore the victims and move on like their customers are not important, I'd that system better than decentralized currency.

Bitcoin is not a scam, anyone scam of their bitcoin are only ignorant of how badly scammers are perpetrating and disguising into different means to get away bitcoin from the original owners of the bitcoin. The genesis of how this can be protected is making sure that your private key and seed phrase is never exposed, to make sure that they don't send their bitcoin to anyone incase or impersonation.

Always make sure you don't put your information in a wrong places, don't live your coins on the exchange and custodial services because if this places run away, you may lose your bitcoin. This are just few ways you can lost access to your bitcoin. Beginners should also embrace learning if they have bitcoin and should also make sure they read about bitcoin in reputable platforms.

Bitcoin is considered by many to be a scam. The reason is (MLM) business i.e. mobile letter marketing, in some countries this technology is used to mislead strangers so that they can get money. It was once widespread. Attempts to make illegal gains using this type of technology are generally considered fraud. At this time, more people are getting to know about Bitcoin technology and its utility and it is becoming more secure and trustworthy. However, it may take time for those who are involved with this technology (MLM) first. Bitcoin is a technology that is completely dependent on technology and geographical location. It is important to know what it is, how it works, and its social and financial impact. To create enthusiasm for Bitcoin, you can increase its institutional knowledge and trust. It is important for a user to know how to buy bitcoins and where to store them. This can be local or online enhancements, and can mean hardware or software manuals to stay secure at all times, as we say. In fact, the main point is that depending on my or your ability to explain or the process of explaining, Bitcoin is wrong information or correct information.

Many people already know the truth and are convinced that BTC is not a scam but there are still a small percentage left who are in doubt. There are people who are not yet aware of BTC and once they heard it, their reaction can still be dual. Either they will also doubt or they are now excited to join it. So, don't say that there is no need for us anymore to convince people that BTC is not a scam coin.

We should still do it and we should hurry because I'm afraid these people will heard the wrong info about it. BTC overcoming all of its obstacles won't be possible if without the help of the people and of course the man behind it which is Satoshi Nakamoto. So we should also give credits to them. You should be proud of your self if you are one of those people who didn't leave BTC through thick and thin.

Actually in this case when it is said that bitcoin is considered a scam it is not a very taboo thing because in my opinion it is a condition where it has become commonplace when there are a handful of people saying that for several reasons such as losing money or indeed control of the bitcoin is small so start trying to provide other doctrines so that other people do not want bitcoin because it is considered detrimental.

The average beginner also who has lost money says that this is a scam. but is it bitcoin's fault? of course not because in the end when someone feels a loss in bitcoin when trying to invest and trade it doesn't mean the bitcoin is wrong but they are the ones who don't really understand what bitcoin is that makes it difficult for them to be in bitcoin and consider this a scam.

I can confidently say that your experience is definitely not unique because a lot of people including myself initially dismiss Bitcoin as a scam because we don't understand how it works or what it's for but once we take the time to learn about it, we often change our minds. The truth is that we don't need to force anyone into bitcoin. It's something that everyone will understand and eventually adopt if they can dedicate out time to learn about it and how the system operates. It's normal thing to assume something as scam in the first experience but it is not normal to conclude and affirm your assumption without making more research about the thing in question. This misinformation are being disseminate by people who are still new in the system and believe that bitcoin is like a ponzi or get rich quick investment.

   I fell like its ignorant that cause most people not to invest in bitcoin, the lack of knowledge make them formulate all this rumor about bitcoin being scam, and those who fall for the scammers they basically do not have any idea about what they are getting into and how to go about it  that was why there were scam ignorance still comes to play. Knowledge is power and a very important tool to fight ignorance. Though not everyone will invest in Bitcoin, some people just like to invest in what they can have hold of, we still have the old fashioned folks too as well that don’t want to go with the transitioning.
   When making investments without being confident of the outcome, it is crucial to exercise caution. The assistance of roll consults limited can be used to recover cryptocurrency scams. It's critical to be aware of these con artists games and to stay away from anything that seems too good to be true. Before engaging in any transactions, always conduct due diligence to confirm that the source you are working with is reliable.

Education is always the key. A lot of us have been claiming that bitcoin is like this or like that, and that its a get-rich quick thing, and it turned out that everything we believe about bitcoin are not actually the facts since we never get the chance to do due diligence to research since we only rely on information coming from youtubers who have nothing to do but to hype bitcoin or to attack bitcoin negatively.

This was exactly like me way back before. However, when I enter the bitcointalk forum, I realized that I've been living with lies on bitcoin and maybe that's the reason that I fail to appreciate it. Bitcoin is the key to experience freedom from the shadows of the government. Bitcoin is our future. And with its decentralized blockchain, it's giving us the opportunity to use and invest bitcoin freely without the interruption of the government or from any third party or group.

In the end, all lay people who do not know about bitcoin will definitely have some kind of wariness about bitcoin and that is a normal thing and even when talking about experience, I previously even became one of the haters who moved many people not to be in bitcoin even though it came from work demands that did require me to convince people against fiat and banks but the hatred grew when bitcoin continued to rise and rise so that I did not like bitcoin. But now it is reversed where I who initially hated it was in bitcoin and became one of the people who invested in bitcoin.

All have such a process but in the end when we really study seriously then we will definitely choose bitcoin as one of the options for investment and I am such an example.

Correct. Education is very important in investing in bitcoin. Indeed, what you said is true, previously I also thought that Bitcoin was the same as other cryptocurrencies which did not have clear fundamentals, because at the same time I also saw that many cryptocurrencies ended up being scams and were not suitable for investment, especially for the long term. , I couldn't differentiate bitcoin and altcoin before because I thought they were the same.

After I was on this forum, I just studied more deeply, it turns out that Bitcoin is different from altcoin, even though they are both Cryptocurrencies, but their goals and fundamentals are very different. So it's important for us to learn about something fundamentally, don't just follow along with other people, education is the most important thing. Likewise, for many people who consider bitcoin to be a scam, perhaps they have not learned everything about bitcoin, this is a task for all of us to continue to educate bitcoin as the freest investment without the control of other parties.

Hmm, I never heard that anybody said that Bitcoin is However, it must have been heard that Bitcoin is highly volatile and there is nothing else but loss from investing in it. Anyway, it is probably their ignorance and stupidity that they consider Bitcoin a scam.

Honestly, guys, you know what Bitcoin is, whether it is a scam or not. I think there will not be a single person on this forum who is not aware of the benefits of Bitcoin. And everybody knows that Bitcoin is not a scam, but there can be no more authentic thing than that.
Moreover, you all are witnesses to bitcoin and have also experienced its benefits.

So it means that those people who consider Bitcoin a scam are ignorant; they have not benefited from something as valuable as Bitcoin. A rare invention like Bitcoin has not happened in the history of finance so far. If it were a coin, why would so many people in the world adopt it and earn money by investing? Rather, this is the argument that Bitcoin is not a scam.

You don't have to be worried; don't bother me any more. We can't expect everyone to accept whatever we accept; we all worship different religions; our faiths are different from each other; our beliefs are different from each other; what one likes and sees as the right thing might be the wrong one for the next person;

the issue of people seeing bitcoin as a scam; and all of that is not just based on misinformation because even most of those who are on the tech side and I believe know the true potential of the currency due to some personal reasons have been spreading fudz about the coin.
 
We just have to live with it, and everyone will not invest in bitcoin. Most people see everything only as a scam, not just bitcoin. Until those welcome reality and technological advancement into their lives, it will be hard for them to live in the modern age.

Get those surprises off your mind and take them for what they are. There will always be those who will never like bitcoin and see it for what it is. Even if you turn their heads into a memory circuit and transfer bitcoin knowledge into them, they will still choose to disagree.

You know, we can't expect the people to believe the same thing that we opted to believe. We all have different points and views about bitcoin and what is right for us may be wrong for their own interpretation. And that's okay since bitcoin is not perfect as it should be. And these people will eventually learn the reality about bitcoin in time when the rest of the people are into bitcoin and there's only few left who believed in fiat.

But if we can educate them about bitcoin as early as today then it would be better. However, convincing them to stick with bitcoin and believe just like how we see bitcoin is another story. That could end up as a scam. And we are obviously do not want to scam them, but to open their eyes on the realities about bitcoin that they fail to understand because their minds are focus more on fiat.

One of the reasons why many people are still behind bars is because they are too lazy to do their own research after getting some information from both legit and fake people. misunderstanding has led many people to stray more, especially those that fail to do their own research.
Bitcoin is a good means for investment and it can profit those that do their research and learn good strategies for them to hold for long. Some of those that fail to believe that Bitcoin is a good source of investment are being controlled by the government in one way or the other. They might also be scared, since when their government banned crypto-currency (Bitcoin) in their country, they might be scared of the government or lacking the knowledge of how to keep their privacy.

It is obviously annoying seeing that people tag cypto currency as scam, most especially the original of them all Bitcoin, most times I wander if some certain person are even ok, seeing with pure evidence what Bitcoin has offered to many life yet, they still tend to believe its a scam project that is about to crash in the next few months. Misinformation has lead to many conflict even in the early days when our fore father were never civilized, a piece of misinformed information could lead to war between two community. Same in the case of Bitcoin, the misinformation from other persons like president of a country has lead to the restriction of its adoption. They think, they are protecting their citizens, unknown to them that they are destroying the solution to their country's economy. I believe with time all will realize the mistake they made be fighting against Bitcoin network in the first place.

The forum had really open our eyes to understand what Bitcoin is truly is and what is capable of doing. There people complaining that the mempool is conjested and it will take high fees for a transaction to be processed which is true but it good for us to understand why this is happening. There are so many benefits we can get from just be an investor or trader giving us the opportunity to make some reasonable profits from the market. We should be looking at the future of Bitcoin and what we tend to benefit as a contributor of the platform.

IMO this method is too classic I think because if in the end they are really interested in bitcoin without the need for us to invite them they will look for themselves so educating is actually even good but it also depends on the situation and conditions because educating someone about bitcoin we also have to see who we will educate.
Now the development of technology is very rapid there is no need to ask other people if you really intend to find out about bitcoin because with the internet and the desire to do research, things like this will be easy to get but when there are still many people who until now think bitcoin is bad then there is something going on where when they only follow the views of others about bitcoin in their environment or indeed have learned but the way they do it is wrong so that it makes them lose and consider this a scam.

It is indeed ignorance as the reason why most people do not invest in Bitcoin but rather invest in Ponzi schemes and scams that uses Bitcoin as a front to lure people into their trap.  Worst this ignorance is paired with greed that makes them unable to think rationally and determine that the offer is too good to be true.

In the early years of Bitcoin in my country, many people are lured into a trap by these fraud companies.  This company uses Bitcoin trading as a front so that their members will get a fixed interest per week or day which blinds the investors because of huge returns.  Many of these investors especially those who are late to participate lost all their investment thinking that it was Bitcoin's fault that they lost their money and from then think Bitcoin was a huge scam.  But if we analyze, Bitcoin has nothing to do with it, and it was these fraud and scam companies that are responsible for these investors losses.



I agree, exercise caution and don't be blinded by greed.  Always verify if the investment scheme is legit or when it comes to Bitcoin, better to buy Bitcoin directly and hold it than participating in any companies Bitcoin investment scheme.

I will not blame those persons that still think Bitcoin is scam. This is because there are a lot of crypto scams in the world entirely and the easiest and fastest way to receive payment form distance without a third party is by cryptocurrency especially Bitcoin as the pioneer.

Just the same way you go to know about Bitcoin and your previous view on it changed that is how others will. The widespread of Bitcoin knowledge and adoption is gradually coming into place and in no due time everyone will be using Bitcoin. I am predicting the future lol  ;) and it is gradually happening.

People who get this wrong information are those same people that doesn't want to hear anything concerning Bitcoin, they see it as scam because is something they know people use it to scam people of their money, and having fiat on the mix has already spoken their mind, the people need what they can be able to see and is like the reality to them. Believe me if you weren't that exposed to the crypto world you would have thought of Bitcoin to be a scam.

These days is hard to get the best information about Bitcoin, even the government are ready to make sure many people see Bitcoin as something bad that can eat their money in just a second. That's why you always hear of some countries that doesn't support the use of Bitcoin. This misinformation is just from the government and they're happy to make Bitcoin die off, but is not that easy.
With you doing some findings and research it really helped you alot, but if you hadn't, you would have been like those people who ignore things that are important.
And is best you spread all you know about Bitcoin to educate them but you talk less without enforcing it on them so that their mindset about you won't change completely, talk less and let them see something as proof, that way it will be easy to buy their heart.

still a tricky way to introduce people to bitcoin in my opinion. Not a lot of people are aware of what blackrock is, even to those who are inclined into investing. The company for christ’s sake made it a point to not reveal themselves as the one pulling the strings in the background for decades now lol.

In any case I would agree with the rest of what you say, make it easy for them to grasp the concept of what crypto and bitcoin is by relating it to something they are very familiar with. In my case I used money in the bank, as well as retirement money for my old dog relatives who aren’t really interested in cryptocurrencies but are eager to know about it at the very least.

I really appreciate your sacrifices and help to make other people learn about Bitcoin. I believe that you did it well, we just can't force them what their beliefs on Bitcoin. The most important here is that you are helping Bitcoin to change the mindset of people. We know that the art of teaching is really important since it helps to make people convince and make their closed minded open from years. If you feel that you need to improve your art of teaching, you can do, but we have to make sure that not only you are experiencing this.

As long as you did your best for Bitcoin it really appreciated, just never force them.

That's quite true, there is lot of misinformation about btc, even when myself learned about it for the first time, I thought it's some illegal thing, but I guess eventually one learns what reality is.

People don't want to look for more information about bitcoin because they still think that bitcoin will give them a scam. This is because there are still programs out there that make false promises to those who want to join in order to get big profits in a short time.

This makes them deceived by those programs and causes them to lose their money. That's what makes them still say that bitcoin is a scam.
In fact, if they were willing to look for more information, they would find it interesting that bitcoin is a long-term investment. Bitcoin is different from other investments they may have used.

But if they still don't want to learn more about bitcoin, that's up to them. We can only give them suggestions and then it will be their choice.

The OP's intentions are good but I don't think the OP will be successful in educating people about bitcoin. I mean, bitcoin is an investment and we can only convince them if we achieve success in investing in bitcoin. And if we still don't get any success from our bitcoin investment then no one will listen to our explanation. Today's society is very pragmatic, you need to have evidence for what you say for people to trust you, otherwise, don't expect yourself to be able to enlighten anyone when you have nothing.

A lot of people are subjected to negative or misinformation about bitcoin because that's what sells the most for mainstream, misinformation and negativity. Can't blame people that experienced the same as you, in fact I admire you because people like you are in a way thinking for yourself and that people like you also decided to explore even though a lot of people around you are discouraging you from doing this, so to the people that are being too hard on themselves about the fact that they're once like that, don't be too hard because people like me admire you because that shows that there's character development. Now to what OP is concerned about, I think you not forcing them or being such a hard sell for bitcoin is the best route you can go to, you will know that the people that you're giving information about bitcoin are the people that will not easily fall prey to scams and such because they can think for themselves and they've decided to try it out for themselves out of the information that you've given.

Until now, Bitcoin has still been misunderstood by many people in different parts of the world. The only important thing is that we or you do not destroy the good understanding that we have seen in bitcoin.

Well, honestly, if they are relatives, I will just chat with my other cousins when they find out that Bitcoin's price value has increased again in the market, and they will ask me about it again. In short, they will buy Bitcoin when it is expensive.

It's so true. Today's people want you to have proof to show them so they will believe what you say. Scamming is also widespread today, so we can't blame them for their behavior. Maybe those people that are so hard to believe have experienced a scam before. So if they want proof, just provide it.

There are scammers who can provide more proof than those who don't, so sometimes they are still confused if the proof is real or not. But even so, it's still gratifying because there are still people willing to learn about Bitcoin.

The fact that in 2023, almost 2024, there still are people who consider bitcoin a scam is kind of mind-blowing. Not only we have internet, now we even have AI, so if you really don't understand what bitcoin is and how it works just ask the AI and it'll do all the work for you. We live in a time where ignorance is a choice, if people want to live without learning ok, that's fine, at the end of the day not everybody can be smart.

Who take bitcoin as a scam? It is certainly true that the first crypto coin was Bitcoin and Bitcoin itself is called the father of cryptocurrencies. the popularity of Bitcoin has led to the emergence of other coins. thats why it definitely can be called bitcoin as a father of cryptocurrencies.

It's commendable that you've done deep research on Bitcoin and realized your misconception. But not only Bitcoin, but in any case, it is not right to falsely discuss any subject without gaining complete knowledge.

It is definitely a good decision. yes Bitcoin is a thing where everyone is self motivated to invest so there is no need to force Bitcoin on anyone, it can lead to people having negative thoughts on Bitcoin as well as you as you mentioned

OP is not the only person I see trying to share and educate people about bitcoin after they realized what they were missing with bitcoin. But I think what they should do better is focus on themselves first instead of thinking about bigger things. Because if they have not had any achievements with bitcoin, sharing bitcoin with others will not bring the results they expect. Instead, they should find ways to improve their investments first, and then they will have enough confidence and enough evidence to convince anyone without too much difficulty.

Sad but true, Once you educate a person, they will never believe you unless you have a proof of what you've accomplished in life or how bitcoin affects your life.  It's more like they want to see the reflection of bitcoin to yours before you convinced them that bitcoin is not a scam or what. So for me, it's better to focus in our own crypto journey than sharing it to others, I've done my part and it's up to them if they will going to believe me or not. It's easy for them to make a research, I dont want to spoonfeed others.

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 think it's true, life today is very pragmatic and we should prove ourselves before giving advice to someone to avoid wasting both of our time. As for me , I don't like recommending bitcoin to people because I prefer privacy over being bothered and I don't want to cause trouble for myself.

I will not care about people I do not know so much, but I will force the correct information to people who are close friends of mine and I know have the wrong information about bitcoins and what it really is. I cannot be their friend who is knows the benefit of bitcoins and is benefiting from it to now allow them to be misled, I will not be a good friend to allow that especially when I know that these my friends and close people just need a little effort of mine to be convinced. Some people with wrong information just need a little effort from you to change.

Those people who says bitcoin is a scam they know themselves and they have not make a proper research of bitcoin, whatever they said about a bitcoin is like information without evidence, so when you feel that bitcoin is a scam, then you ask yourself while bitcoin being a scam without a proper investigation of bitcoin, so right now we say that the people who is carrying out a propaganda concerning bitcoin been a scam is government personnel's because most of the countries does not allow bitcoin to operate as a legal tender.

Yes, There is no doubt that people still have wrong assumption about Bitcoin as some still thinks it's a Ponzi scheme wherein some thinks it as gamble but they are not the problem because it's purely due to lack of knowledge and exposure they think that way but the major problem are the users who knows about Bitcoin but they were reluctant to invest into it or adopt Bitcoin at the early stage hence they are not ready to accept the facts about Bitcoin and still term it as bubble.

The worst sort of misinformation is that some think Bitcoin will make you richer and assume that it was created as n investment medium but they need to understand it was created for financial freedom and later people use it as investment and Bitcoin has it's own uses. Because those who thinks it just as an investment medium will never understand why was it even made. only proper education and awareness can stop these misinformation.

It is very difficult to tell people something they have not seen and do not know. In this case, people cannot be expected to easily adopt what they are told. However, Bitcoin has been in our lives for almost fifteen years, and I think the recognition, development and spread of Bitcoin worldwide in fifteen years is not bad at all. Bitcoin has some principles that haven't changed since its inception and never will. Imagine fifteen years of wearing the same dress, wearing the same accessories, having the same hairstyle. Imagine that this dress has not deteriorated for fifteen years, and that the accessories have never worn out. Since the first day of its emergence, Bitcoin has continued its working life without stopping with the values it offers uninterruptedly. Bitcoin is a proven asset, but we still have some time before it is fully adopted in the world. We're only at the beginning.

Yeah, this situation in the disparity of everyone not being on the same page goes to buttress that aphorism in my (our) community – Whenever one wakes from their slumbers is their morning. You've to understand that there are also many that won't catch the drift even as you're trying to make them understand what Bitcoin is ATM until when the scales literally fall off their eyes. Those I won't bother wasting my time talking to about Bitcoin are those who won't even bother to try it out. It's a waste of precious time. Just move on. They will catch on at their own time and become the late bloomers we've in every discovery.

Don't you also invest in bitcoin for that reason? Whether Bitcoin was created as currency or investment, that is no longer important, what is more important is how it is used by us. And it cannot be denied that everyone here sees it as an investment that brings wealth, including you and me. So I don't see anything wrong or bad when people take advantage of its volatility to seek wealth for themselves.
I also don't know what bitcoin is, I joined because I wanted to make a profit, but the more I learned about it later, I realized it brings more benefits than just investing.

Indirectly, actually for this I do not consider that this is a mistake because after all it is indeed an investment medium as well as when saying that bitcoin can be used as a tool to make you rich it is also not a mistake, it's just that in this case it is not too precise when saying that this will provide instant wealth.
In perspective this is just an assumption of some new people who are here but indeed I think almost everyone who is here will assume the same thing at first but when their understanding is greater about bitcoin when they learn more then indeed words like this will be reduced because after all this needs a process in learning and getting to know more about bitcoin because when they start to understand more about bitcoin then their views on bitcoin will be different depending on how each perspective is.

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I know some people that are fully aware about how Bitcoin is profiting some people but they still believe that it's a scam, I do get this one sentence from most people, 'just because it's giving people money doesn't make it a scam free investment, they do say this using my local language and since I've seen how serious they are about this I zero my mind and in fact I stop teaching people about Bitcoin.

But lately because I was annoyed about the mentality of people that judge without doing their own research I ended turning someone away, someone i shouldn't have, and I believe that's why this person decided to risk things himself and he cost him a lot of money, he fell victim to scam. If I have just teach him about how to Buy Bitcoin and hold, he wouldn't become a victim to that scam.

Honestly,  bitcoin can be very complicated for beginners, it's not a business where someone can just teach you straight away, and its not also something that's been thought in the schools, so obviously people will believe that it's another scamming method, but why condemn something you know nothing about? Sadly this is very common among people this days.

No, that’s not true. Like I said in my reply, one of the core reasons is lack of understanding. These people do not know and they are just saying based on what they’ve heard or the superficial things they’ve seen (maybe around volatility). Before you got to know about Bitcoin, If your friend told you that Bitcoin is a scam and he lost his money, just because you know him, you’re gonna have the same mindset. Hence, his lack of understanding is what will keep you from the truth.

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!!

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

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.

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.

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.


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.


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.

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.


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.


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.

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.

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.

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?"

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.

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.

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?

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.

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.

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.

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.

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

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

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.

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.

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.

you are right there were people talking negatively about Bitcoin before and there are still people who fear the success of Bitcoin, but despite so much misinformation, Bitcoin continues its successful journey. People who don't know about Bitcoin and don't know about cryptocurrency market seem to be more busy spreading such things.

  Still many people continue to invest in Bitcoin and consider Bitcoin as the safest and most reliable. If the ETF issue is resolved, it will bring further improvement for Bitcoin. The way Bitcoin has seen its price rise over the past few months proves that Bitcoin is a great investment option for everyone. Misinforms will never succeed.

That is the mindset that we should break, if you are currently financially stable doesn't mean it could last forever, it would still be better to have investments or savings in case of emergency, if you can't handle big amounts there are some methods like the DCA method. Plus for the future of your family, they wouldn't have to think financially. Bitcoin is literally free for everyone to use it could be any person, and the results would depend on their knowledge, skills, mindset, and funds. These factors affect their decision-making when it comes to investing in Bitcoin. I think some really wants to take the risk of accumulating Bitcoin, but it is the negativity, and they focus on its cons, of course, they are having second thought since they've seen how powerful Bitcoin is that it could change someone's life. But if you are living a good life you won't really hassle yourself to invest in something you don't know.

Where it becomes more annoying is when they give you that listening ears show so much attention like they're really ready, after saying all these things to them, giving them all the guidelines they need and the next thing you hear from them in the coming days is that someone scammed them of a huge amount, and they'll blame it on you, the thing there is that after telling them everything about Bitcoin, when you expect them to come to you for the real deal you hear them going behind you to trade or buy Bitcoin to get started. Humans are just hard to control.

not only savings and investments  but also must have own business instead even if its small but bringing us another smart money also aside from regular work that generates income to feed family .
we must always be prepared to how many coming expenses so savings and investments(in crypto) is not enough for me because the volatility of this market will send us to different outcome.
never put your money completely with this market because it cannot tell when will be the bull and when is the Bear.

Some people think that bitcoin is a scam as a result of their frequent encounters with fraudulent activities using bitcoin, and sometimes, bitcoin platforms.  No matter how genuine bitcoin as a currency is, frequent encounters of scam with it or its platforms  can change people's mind to consider it as a total scam without distinguishing between bitcoin and scam, but that is not appropriate.  For example,  for the fact that pound or dollar is a genuine currency, does not mean that scammers can not use them for scam, likewise bitcoin.

Misinformed about what? The entire technology behind it can be studied and is also taught in universities these days. Nothing is misinformative about it if you are looking at it in the wrong direction. These days kids also know what the use of Bitcoin is, high school grads can code cool stuff and post, and doc ones are creating blockchain-associated projects. This far we have come really and if you are going to just read over the internet some random articles from rooky blogs then man obviously one can get carried away.

Peeps are not misinformed they themselves are thinking about it differently. However if you start from the scratch like whitepapers, then dive into practical usage of Bitcoin then one starts understanding how bitcoin works and what it is meant for. :)

This is an oversimplification of how people gather and process information. Kids don't know what Bitcoin is about, but they do know that it exists. Misinformation is definitely an issue and the same way that people are misinformed or disinformed about wars, the same it is for technologies that threaten the legacy institutions. Bank have tried hard for so long to slow down Bitcoin's progress for a reason. They didn't do that because they didn't understand. In fact I believe most of them did understand what it is about and how it can change or shape the world. But they needed time to prepare for that and that is the reason why they suppressed any progress through spreading wrong information whenever and wherever they could. Those who were skeptical about Bitcoin consumed that information and built their own opinion based upon information spread by people or institutions they trust. And believe me, a lot of people still trust their banks without ever daring to look what's happening behind the curtains.

Most people don't even get the concept of money (and it is complicated). Since Bitcoin is more than money, how would those who don't get what money is then get what Bitcoin is?

I that was at the earliest time when people do not understand what Bitcoin really means and how to keep there Bitcoin safer. For those that had been holding Bitcoin for a long time now, they know how the market works and the best time to buy and hold Bitcoin because they had been in the market for many years. The misinformation people had then about Bitcoin are now been clarified when they see cryptocurrency investors and those that only invest in just ordinary fiat market or non cryptocurrency platform. The result is very clear and it is not something we need to compare at all.

Because you have been scammed by bitcoin multiple times before, that doesn't mean you should tag it as a scam. All you have to do is do more research about bitcoin, discover why you are being scammed, and learn how to protect yourself from scammers. Some people are looking for quick money, which is why they end up getting scammed. A lot of people have been scammed multiple times with fiat currency, so why is fiat currency not tagged as a scam? Why is it that people keep on using fiat currency? If you don't know about something, don't just tag it as a scam, try and do more research about it first before concluding.

Scammers are always trying to make use of any opportunity they have to scam people. Bitcoin is a currency, so we expect scammers to make use of it just the same way they are making use of fiat currency. All we should do is try and look for possible ways to protect ourselves from scammers. Every currency is being used by scammers, and just because scammers are making use of a particular currency doesn't mean we should stop using it.

It's just annoying when I see people saying bitcoin is being used by scammers. Those people don't have anything to say against bitcoin. That's why they do end up coming with things like that, because I don't see that excuse as a reasonable one to me. They are just looking for fault in bitcoin. Since they can't get it, they decided to start using bitcoin as a scam excuse.

Misinformation and rumors about Bitcoin increased a few years ago when people were not so smart and had no knowledge about Bitcoin and its work. if one person something heard about Bitcoin he forwarded it to many others without investigating whether this is authentic or not and they believed in it. Nowadays the most spreading misinformation is that the Central Bank's Digital Currency will destroy Bitcoin. Many Central banks indeed invented CBDCs and the start came from China where they said that this would go beyond the borders. But today's people are too smart they have easy access to the internet and can easily communicate with all informed people. CBDC does not have the potential to reach the Bitcoin level and if it occurs then it will require a century to destroy Bitcoin but how a centralized system destroys a decentralized system is impossible.

Some of these people don't even have any experience with anybody in terms of being scammed, they only work on their ignorance, they only hear stories of Bitcoin being used to scammed people or one story related to Bitcoin in a negative way.
These are the same people that need to be taught the in and out of cryptocurrency, 85% would learn while the rest would still live on fake information they have about Bitcoin.
They prefer to be scammed using paper money than Bitcoin, that's because they can see it, they can hold it and feel it (that's paper money) so that way to scam them is some how higher than using Bitcoin, only if Bitcoin is like fiat money I believe people would gain interest and see it as something genuine rather than seeing it as a scam.

People who think or say things like that about Bitcoin or cryptocurrencies lack basic knowledge about them or the industry as a whole. Someone who studies and has knowledge about Bitcoin and cryptocurrencies, wouldn't think that way and they would know that a platform or a person using Bitcoin or cryptocurrencies to attempt a scam doesn't make that thing a scam because there can be both positive and negative use cases for anything in the world and it's the user who should be considered good or bad and not the thing.

So, such comments or statements are usually made by new users or investors that have just joined the industry and might have incurred some losses because those who has knowledge or even if they don't but have earned profits wouldn't say such things about Bitcoin and cryptocurrencies.

Indeed, Bitcoin misinformation underscores a larger digital age challenge: separating fact from fiction. Bitcoin was initially misunderstood. Rumours travel rapidly, often unchecked. We're smarter thanks to the internet and a global community of informed people. CBDCs could overshadow Bitcoin plays on a familiar fear: old vs new, centralized against decentralized.

However, Bitcoin's decentralization is a strength. CBDCs are a major leap in digital currency, yet they lack Bitcoin's decentralization. Both can coexist, serving different purposes and beliefs.

People see Bitcoin as a scam may be, it is because of the experience they have had in the past on the internet, some people have this believe that any crypto-related stuff is a scam, and this kind of people needs reorientation, it could be very difficult to convince this kind of persons to succumb to your own ideology about bitcoin, this same mindset made some people not to invest in the past and they keep referring it, till this moment, I believe Bitcoin has advertised itself enough, this advertise has helped people a lot to make more findings about it, even though you are not sure about some stuff, trying it with a little amount wouldn't be a bad idea, let's not allow our past experience and negative ideology to hinder our chances of being where we want to be.

Generally, that was their view based on the rumors and scam news they'd heard, and some based on their experience. We can't deny the fact that scams are everywhere and they use the name Bitcoin to trick innocent individuals who really don't have any idea about it by promising big that exactly changes their mind.
We can accept the fact that news is too influential, we usually think that everything we read online is true but many of them are false. They really need some guidance to make it fully understand otherwise, they will think that they are right and we are wrong.

I wont deny Bitcoin's far from perfect.  But write it off for the risks, and you might miss the potential.  Consider how it's decentralizing finance making transfers more seamless globally.  Sure it's no guarantee, but for some its bringing empowerment.  Critics say wait for oversight, but maybe it's about time everyday people had alternatives.  Wild west? Perhaps.  But revolutions get messy.

Bottom line - approach Bitcoin with open eyes about downsides, but also patience as it evolves.  In my view we're witnessing an experiment that, with care, could make finance more inclusive.  So I say keep watchful, but keep open mind.

This is where a proper trading and money management system comes into play to gain profits .

Well, this depends on our perspective too. For those who have read what BTC is and what it is for, it will be very easy to understand, it's just that some people still like to read stupid news that criticizes BTC, for example news about the last big correction is always fried by the media.

Since Bitcoin had been in existence for long, why would a person still think that Bitcoin is a scam. It is obvious that there are people that uses Bitcoin for scam and that does not mean that Bitcoin is scam. Everyone have there own opinion and what they think about but for us that had been in the market for long time and knows how all works. It is our responsibility for us to educate people that do not understand what Bitcoin truly means and the motive of Satoshi for creating a payment system where people can use for transactions without any third party.

You don't have to blame those people because they thinking from that dimension because of what has happened to them before. And really those Ponzi Schemes have done something really bad to people in the internet so when the genuine ones came out people will be thinking that it is one those Ponzi Schemes. So when people think from that angle I don't normally blame them but instead I have to educate them about bitcoin. And when I tell about the benefits then I will complete or conclude it with the disadvantages so that they will be mislead.

The misinformation in sometimes is coming from those who are not well knowledgeable on bitcoin. Those who are well granted with bitcoin knowledge always know what to tell people when they are called upon. Many are still ignorant of the blockchain because they have not gotten the real information. There was a day a PhD holder asked me about bitcoin and he was asking what bitcoin can be used for and told the different things bitcoin can be used. And the simple way I told was, bitcoin can be used to buy things online, to pay goods and services, and transfer from one person to another as p2p. And after everything he was satisfied. And I left him.

Bitcoin: despite the mysterious story of its creator who rocked the financial world with its innovative presence since 2009. Using blockchain technology, BTC transactions are in the spotlight in the digital financial era.

Formerly; Each Bitcoin is achieved through a mining process that involves exciting mathematical competitions, strengthening the validity of transactions, and expanding the block chain. However, like a hero with a dark side, the value of BTC slowly rises and falls on the crest of a wave of market uncertainty.

Do you see Bitcoin as a promising investment or a dual weapon in illegal activities? One thing is certain: it's been a colorful journey from financial frog to digital superstar.

So, will we witness the next financial evolution or crypto drama?
Maybe time will tell.

I don’t like introducing bitcoin to strangers because they will end up making things look like you are a scammer. The only time I do introduce bitcoin to random people is when they come to meet me to seek for guidance. I will tell them everything they need to know, and I will also let them know that they are investing at their own risk and that I won’t be held responsible for any of their losses. So they should make sure they do everything possible to avoid losing their bitcoin.
 
Some people will end up learning about bitcoin from you, and then behind you they will do things that they are not supposed to do without even telling you about them before they do them, which will compromise their wallet and they will lose their bitcoin. And we all know scammers are always targeting newbies because they know that newbies are always having little exposure to cryptocurrency, and they believe they will easily fall for their trap.
 
If you are introducing bitcoin to anyone, make sure you warn them not to do any strange thing behind your back, they shouldn’t trust anyone, and they shouldn’t allow anyone to have access to their wallet. If they end up doing what they are not supposed to do, then they shouldn’t blame you for that.

This is not only "lately", but it has been around for a long time, one of the negative issues that has never subsided regarding Bitcoin is the assumption and accusations that Bitcoin is a scam. And there are more and more issues that add to it making it look bad, so that many people continue to hate Bitcoin no matter what the circumstances. So, this is one of the effects of negative issues which are always spread by certain parties for certain purposes. And the opinion that Bitcoin is a scam among the public, unfortunately, is still ongoing. Although in fact, this has started to gradually decrease compared to several years ago. We just need to be patient and continue to spread positive news about Bitcoin so that people really understand and clear up this misunderstanding. but this will not be easy for sure. That's why it requires continuous effort. But those who don't like it, will continue to hate whatever happens. So, don't let them disturb your mind.

If we all stop telling people about Bitcoin, how do we get more people to come on board? We need as many people as possible to be involved in Bitcoin because the more people we have using Bitcoin, the better.

I'm still grateful to the person that helped me get started with Bitcoin, he explained everything to me and how it can help me with payments and other things. I wasn't aware of Bitcoin then. Assuming he never told me about it, I wouldn't be here neither would I have achieved some of the things I achieved. We must try to share the knowledge of Bitcoin and ensure we tell people the truth about Bitcoin. One thing we must do is to ensure people know Bitcoin more from the perspective of usage before anything else.
 

To cap it all, they also believed that it's used for many illicit activities just like scam as you have mentioned and other means of financial extortion, vandalization or looting, but what can we do instead, we cannot fight everyone, but we can make sure that we are well exempted from any issue that could led to other people believing in those fake philosophy, be a good bitcoiner by example and try our possible best in educating others about bitcoin.