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Bitcoin => Bitcoin Discussion => Topic started by: kiddddddd on March 23, 2018, 04:33:54 PM



Title: What is the biggest misconception of Cryptocurrency in your country?
Post by: kiddddddd on March 23, 2018, 04:33:54 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: clrpod on March 23, 2018, 04:37:07 PM
Biggest misconception I hear is that it's not backed by anything physical and shouldn't have any worth. People don't seem to get the simple idea that all value is assigned by peoples perceptions, irrespective of it being something tangible or not.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: staywoke081 on March 23, 2018, 04:42:27 PM
Outside the scam and no backing allegations it doesn't get much weirder or obscure than this. I have however been told it is all going to 0 and that I am wasting my time doing what I am doing, that felt nice :). Even if I thought another human was wasting their time, if I wasn't close to them I certainly wouldn't say something like that. But apparently with Bitcoin everybody has something to say and they want to say directly to your "dumb" face.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: babarian on March 23, 2018, 04:58:37 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
in my country bitcoin or other crypto currency has been banned, but many people who succeed with bitcoin hence the thought or assumption of others that bitcoin is an indisputable scam


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: befriendmywater on March 23, 2018, 05:02:38 PM
In my country, the government has banned people from entering the crypto market in any way. So important messages and emergency messages can not come to us soonest and we have to suffer losses when we do not update the news as soon as possible. And I think that is the biggest misconception of my government.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: oppasong on March 23, 2018, 05:12:32 PM
they do not really believe because bitcoin is not physically like a country's legitimate money and most people think bitcoin is a fraud


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: DdmrDdmr on March 23, 2018, 05:21:44 PM
Most people here only see what comes out in the news. That is every now and then, when a massive pump/dip happens or a the tax minister says something in the line of regulating and taxing to come in the near future.

Either than that, street talk on this matter is not regular and when there is many have a predefined idea that is some sort of pyramidal ponzi scheme.

Those that are tech savi or related to investments normally differ and see it as a source of potential income, but those all in all are a small part of the population so far.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: 13abyknight on March 23, 2018, 05:38:28 PM
I believe there is a big, common misconception among many countries that they possess the authority to regulate and govern cryptocurrencies as and when they wish. This pushes them to try and set rules and regulations for trade of cryptos within the country with the imposition of taxes on it. Only when they realize that it is not really under their control even after their futile efforts, then will they give up on their stupid notions of regulatory dreams.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: PauloLuks on March 23, 2018, 05:46:15 PM
The most common misconception in my country is that Bitcoin transactions are anonymous and Bitcoin is only used for money laundering or criminal activities. The truth is, unless we are very careful about covering tracks, the Bitcoin transactions can be connected to us. And the transaction records on Blockchain can never be changed or deleted, wich means they can always be searchable by authorities or anyone else.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: ChangeNOW on March 23, 2018, 05:46:54 PM
Biggest misconception there is about crypto in my country is that all of them are a fad because they are not required. That is the biggest nonsense in the world! If you think about it, it would be like saying that, back in the day, cars weren't required because horses "did the job," or like saying that digital cameras weren't required for the same reason! A lot of people here are failing to see that cryptocurrencies and, in particular, blockchain technology, have the power to transform several industries so much to the point that even companies like Facebook are being threaten (TRX). These people (those who fail to look beyond their noses) will be hurting in the near future because they will miss out on what will likely be the biggest opportunity of a life time.

There are also many people who are not getting into crypto because the government is supposed to be taxing every single trade and they also want to avoid identity theft. So many people give up on crypto without even starting. The sad part is that there are tools that can enable anyone to remain completely anonymous when trading crypto (given that their wallets aren't attached to a site that requires KYC). Thus, people would run no risk of being traced back by anyone—it's a shame people don't learn about tools like this one (https://changenow.io/) early enough. It is still a good time to get in though!


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: coinminerdotcom on March 23, 2018, 05:57:41 PM
Its common to hear that Bitcoin isn't backed by anything besides a concept and isn't going to last through the year. I hear it repeatedly when I run into people that don't know anything about Bitcoin. But unfortunately for them, they are missing out on a great investment opportunity.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bramovick on March 23, 2018, 06:06:55 PM
in general, governments in my country strongly forbid their crypto world to think that bitcoin fraud friends as well as at very high risk.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: gabbie2010 on March 23, 2018, 06:08:16 PM
In my country people equates bitcoin to scam due to the recent ponzi scheme MMM that scammed many unsuspecting investors. It's been a harculean task for me to convince my people why they should invest in bitcoin due to their past unfavorable experience in the hand of these unscrupulous scammers except a few of them who really embraced the idea and sees reasons why bitcoin investment is very profitable.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Tyrantt on March 23, 2018, 06:12:30 PM
Nah, ever since I've started talking to people about bitcoin, back in 2013, most of responses I've god were "mhm,mhm" or from a little older people "it's most likely a scam". So, I'd say that that the biggest misconceptions are that btc is a scam and that it's free money.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: darkangel11 on March 23, 2018, 06:12:50 PM
The most common misconception in my country is that Bitcoin transactions are anonymous and Bitcoin is only used for money laundering or criminal activities. The truth is, unless we are very careful about covering tracks, the Bitcoin transactions can be connected to us. And the transaction records on Blockchain can never be changed or deleted, wich means they can always be searchable by authorities or anyone else.

You don't need to be "very careful". You just have to avoid exchanges and if you have to trade, do it with cash. That's all you need to do to remain anonymous on the blockchain. The only way someone can identify you is if you, yourself, put the name in the transaction, for instance by creating an account under your own name somewhere and sending coins to that account.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: cryptoroi on March 25, 2018, 03:00:21 PM
In terms of my country, there is no particular policy or regulations about the market access of cryptocurrency. So sometimes, important and urgent messages do not reach properly to the users and they suffer losses as they fail to prepare themselves on time.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Hssn on March 25, 2018, 03:06:37 PM
In my country bitcoin is in a neutral situation the problem is if any news channel or big websites spread fud against bitcoin people sell their coin so quickly, the problem with this is people are losing so much money with
This and loosing intrest in cryptocurrency.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: petloer on March 26, 2018, 06:01:48 AM
The biggest misconception of the people about cryptocurrency is not leading by physically and it’s not centralized by any bank etc. But all value of crypto by assign people’s perceptions. This is only an embracement situation for the crypto people.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: FlightyPouch on March 26, 2018, 06:05:59 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

Most people here in our place also think that Bitcoin is a scam since the first news about digital currencies, which is Bitcoin is a guy being scammed using this digital currency. Well, some of them starts to understand digital currencies in the further time but the others stick to the idea of it as a currency usually used by criminals, scammers and money launderers.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: boyshx on March 26, 2018, 06:06:06 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

I am pretty sure there is very less number of people who actually understand the crypto currency at all and about the block chain the knowledge is next to zero brother! There is one simple explanation to this act, people here just want to earn it as much as they could and trade it for the fiat currency and nothing else. Thats what there main goal is and thats why no one is willing to learn the blockchain in technical ways.

They are not saying that bitcoin is scam or something like that because they are already enjoying the payments in bitcoin form and most of them have cashed it out so they believe in it as real thing which pays them.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bambazamba on March 26, 2018, 06:07:59 AM
I think one of the biggest misconception regarding crypto currency is that people think it is a scam thing which will eventually make their money lost, but one should understand that how strong this industry and potential it has in the future.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: tech72 on March 26, 2018, 06:10:13 AM
It is that crypto as a whole is a scam. They think it is a fraud since people claim to double there money in a day. Some have heard the money multiplied by 10 times. This sudden easy money growth is always considered a scam schemes, no matter where you are in world. Hopefully, Bitcoin will grow out of it and people will start believing it is legit.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Kakmakr on March 26, 2018, 06:16:25 AM
The strangest thing I have heard is all the negative comments coming from people who has never invested in Crypto currencies. How can you make any judgement on something, if you have not walked the walk? Once you start asking these people questions about the technology, you find out that they have made these conclusions, based on things that they have read in the media.

Would you take advice about anything, if the person that are giving you the advice, have not experienced the thing that they are giving you advice on?


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: isaac_clarke22 on March 26, 2018, 06:32:23 AM
Biggest misconception that happened in my country, for at least, was that it was a "purely scam" that it doesn't return anything. It could be true when the value of Bitcoin is truly determined but since we can say that it is a really an unstable currency with an unstable value, there are still values. It was a really good thing that our government didn't ban the use of cryptocurrency. Adoption is still lacking though.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: darkangel11 on March 26, 2018, 10:45:25 PM
Nah, ever since I've started talking to people about bitcoin, back in 2013, most of responses I've god were "mhm,mhm" or from a little older people "it's most likely a scam". So, I'd say that that the biggest misconceptions are that btc is a scam and that it's free money.

That's correct. The biggest misconception is being repeated by the media around the world and it  lies in the name "virtual money". Older people or those who aren't tech savvy associate virtual with non-existent. To them virtual reality means fake reality and virtual money is fake money!
In reality BTC is electronic money, just like your fiat money on a credit card or a bank account. The bank doesn't have your money in physical form! This is why you can't simply go to a bank and liquidate an account that holds 1 million USD. To do that you have to contact the bank first and agree on a specific date, because they need to get the money for you. Also, it's commonly known that banks have enough cash to cover all virtual transactions.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: kiddddddd on March 27, 2018, 05:19:41 PM
In my country very few people understand what is it and how it works. Most people think, it’s not gonna last long. But positive thing is, BTC is getting much more attraction these days. People are at least asking questions.

agree with you, last year when I was talking to my friends I opened up few things about blockchain and bitcoin and they are just like *oh cool* *that's nice* then changed the conversation I end up feeling ashame then learn how to basically ignore and not to speak again about BTC., and guess what last month 10 of my friends keep asking me what is BTC and how it works; haha i just say it is so complicated for me to explain go to youtube and google and study about it. It's really funny tho for me, those who believe that Bitcoin is a scam and whole blockchain thingy is just a bubble, scheme or whatsoever they should go back in late 1980s  and read some articles about cypherpunk movement, David Chum and people who had been studying cryptography back then.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: daarul50 on March 27, 2018, 06:28:37 PM
The biggest misconception in my country is that the government and society consider bitcoin to be the currency. Is it possible because bitcoins have value so they assume that bitcoin is the currency (I consider it fairness with perception like this)? But what I need to straighten out is bitcoin instead of currency but a digital asset. All assets must have value as well as bitcoin.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Harrisonimo on March 27, 2018, 06:51:21 PM
The biggest misconception of the Cryptocurrency in my country is that of the damaging effect ponzi has left behind for many. A lot can't even stand or be patient to comprehend the details of what it entails. And to worsen the situation, the Central bank has also warned the citizens to be careful and that they are not liable to any loss experienced by anyone!


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: BitCryptex on March 27, 2018, 07:05:37 PM
I am pretty sure there is very less number of people who actually understand the crypto currency at all and about the block chain the knowledge is next to zero brother! There is one simple explanation to this act, people here just want to earn it as much as they could and trade it for the fiat currency and nothing else.

Lack of education about cryptocurrencies isn't a problem here. Most people are not interested in economy, they can't even explain basic terms that are widely used in the news a few times in one month. We should start with encouraging people to start reading about current economical situations of their countries. Unfortunately, I guess that we will fail anyway, there will be always few people who won't bother with all of this things. Is it because of education or does it depend on the person? Who knows.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: sabine80 on March 27, 2018, 07:17:50 PM
some days ago i saw a documentation about Mark Karpelès in the tv. in the documentation they talk every time, that he use fake bitcoins. in the documentation they didn't understand the bitcoin system and the most in this documentation was not very good researched. but this was the only misconception about bitcoin i saw. most of the documentation in my country are most positive and better researched.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Happyniall on March 27, 2018, 07:20:39 PM
In my country the government associate crypto currencies with drug dealers, gangsters sending money worldwide and russia trading with North Korea and Iran


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: boranes on March 27, 2018, 07:29:19 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Many believe that bitcoin is not real, many don't understand that money isn't everything what is printed on paper.
Some say bitcoin is ponzi, others won't believe it even if you buy something or withdraw money in front of them.

And there are many people who are afraid to invest in bitcoin or any other crypto because of its risky nature, and these people are worst because you can touch jealousy coming from their eyes!


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: StonedWolf on March 27, 2018, 09:09:43 PM
The biggest one i have ever heard was that you can get virtual money for free , and you can cash it whenever you want wherever you want. You can get rich in 2 days, but you should be aware that you can get hacked easily when you use it. And if you get hacked , the goverment will come for you.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Ondre on March 29, 2018, 05:34:36 AM
The misconception about cryptocurrency here in our country are: they don’t believe in digital currency only fiat currency.  They have negative reactions to cryptocurrency and ussualy thought that it’s a scam. There’s so much unawareness of people about cryptocurrency that’s why we are introducing it to them.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bering on March 29, 2018, 05:46:46 AM
until today there was misconception meaning for bitcoin that some people in my country thought all of cryptocurrencies including altcoin recognized as bitcoin and they says bitcoin was scam because related to Ponzi or HYIP and for those who involved for bitcoin they says can considered as part of ponzi scheme


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: jfsayo18 on May 22, 2018, 04:44:39 PM
It is also the same here in our country they also thought bitcoin is just a scam. When they heard the word bitcoin they will say scam, pyramiding, etc. That's the reason I don't waste my time teaching the people around me about cryptocurrency. They will just think i'm a scammer too.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: walemil on July 01, 2018, 11:10:51 PM
The bitcoin misconception in my country too is scam. Ponzi scheme became very popular at a time and as a result, so many people were scammed. Many of these scam schemes used bitcoin as deposit currency so because of that, many still fear bitcoin till date.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: MiiDoViic on July 01, 2018, 11:14:54 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Since I'm from an arabic county , they think that crypto is only use to launder money and help fund terrorism. So they blindly made it illegal. I mean to be expected from a third world country who dosn't even let their people have their own business without inforcing crazy laws on them.
To hell they go with it tho . No one care here about that law since they are so technologically retarded and crypto is untracabe.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Roberttran on July 01, 2018, 11:21:49 PM
In my country. Government  banned buying and selling , exchange of cryptocurrency. along with mlm leader ponzi.  They set up multi-level projects disguised by bitcoin.  Everyone thought that bitcoin was scam


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: cryptostardom on July 01, 2018, 11:44:18 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Many people in my country think that Bitcoin is just a utility where anyone can just invest into and will start to gain portfolio returns. Many only heard of Bitcoin price hikes and how it made investors enjoy significant profits over the news.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: zoeylee on July 02, 2018, 12:16:34 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
For me, the misconception I've heard  is BTC is a scam and theirs no value. Even before i didn't believed on it but when i joined bounty campaign i realized that everything is real. And hoping it for the better future with BTC.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: BagzMM on July 02, 2018, 12:21:16 AM
Well, based on my experienced the misconception about BTC was just a scammed. Profit is not uncertain, it really takes time to gain because of the volatility market.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: silentbook on July 02, 2018, 12:22:27 AM
This guy kept asking me "why do you buy bitcoin if you need fiat money to buy bitcoin". I didn't bother telling him about how investments work.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: patz22 on July 02, 2018, 02:14:42 AM
They can't believe how crypto works as here it is not officially acceptable by the government and also because of bitcoin scam that happened earlier this year. I believe one of the reason why it is not known yet in our country because of lack in advert, education as well as probably our people are just scared in change as in fact most of us still feel secured holding cash instead of cards.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: adamlillian on July 02, 2018, 02:34:30 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
In my country, everyone thinks Bitcoin is a scam because they bring a lot of money to those who enter the Crypto market. In addition, my country's media channels always posted bad news about Cryptocurrency and made a lot of people fear Crypto.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: 135cc on July 02, 2018, 06:04:45 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
In my country, i ever heard ridiculous opinion about crypto saying that crypto has no advantages, and full of scam. I think that is so ridiculous because they judge crypto without learning the positive side about it first.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: AliMan on July 02, 2018, 06:17:51 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Many people in my country think that Bitcoin is just a utility where anyone can just invest into and will start to gain portfolio returns. Many only heard of Bitcoin price hikes and how it made investors enjoy significant profits over the news.
Well most of the time bitcoin has been hailed as scam system im my country. A lot of people doesn't believe with its benefits and advantages rather than calling it as fake. They tend to believe false news about bitcoin. Cryptocurrency for them is not legit and just a waste of investment. Sad thing is that they haven't tried it yet.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Raiwenkai on July 02, 2018, 07:03:43 AM
Like what others said cryptocurrency in our country is just a scam that is the biggest misconception because they don't believe until they don't have the proof that you can earn from it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: BLAST2MARS on July 02, 2018, 07:25:33 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?



Same as my country. I often heard stories from my fellow crypto enthusiast who are always accused of scamming people when they tell that they get their money from bitcoin/altcoin/cryptocurrency. It  became a stigma because of the reports of bitcoin scams on TV.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Thalassadna on July 02, 2018, 07:30:00 AM

In my country, people often equate BTC = MLM, phishing, virtual currency. Very few people understand what blockchain is.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: classictee on July 02, 2018, 07:30:36 AM
Many people in my country see bitcoin as mlm just because mmm which was so popular then introduces providing and getting help with bitcoin and when mmm failed, they believe bitcoin too already failed and gone...


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: adejoke444 on July 02, 2018, 07:35:32 AM
In my country, most of people classified it to as ponzi scheme and also scam, they never interested in making person research about it...


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: BitBite5 on July 02, 2018, 07:40:56 AM
Maybe sounds strange but some people think that because it's virtual that bitcoin actualy doesn't exist.
Also, many are scared of scams and big loss of value.

We always forget that here on forum, in bitcoin community, are everyone that are involved with bitcoin or some other cryptocurrency but outside this there are still many people who haven't even heard about bitcoin and don't know how to use it and also have many prejudice regarding bitcoin. This should be changed and we have to promote bitcoin even more.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: chidrawarster on July 02, 2018, 07:42:15 AM
The main misconceptions are money maunder in and using for illegal activities. I still feel when the crypto world would be regulated many things would fall in place and also the misconceptions also wills start reducing. Let's wait and see what we have in the future and then further investments would be made accordingly.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: billsted86 on July 03, 2018, 02:57:22 PM
I think the most biggest misconception regarding crypto currency. People think it is a scam which will eventually makes their worth or money lost. But everyone should understand that how strong this industry and potential it has in the future. But my country bitcoin has baned in a few years. I think our goverment get permission to legalize it to use in our country very quickly.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Bitcoinislife09 on July 11, 2018, 07:17:28 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

Here in our country the government doesn't recognize cryptocurreny as a legal tender and an official mode of payment. Also, there is this active idea that cryptocurrency tends to be used for money laundering or any illicit activities. Avoiding the disruption of the use of traditional money. Due to this government warns the public about the use of such system to avoid being a victim of scam. And yeah most of the citizen believe it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: rez303 on July 11, 2018, 07:22:53 AM
In my country, the government has a lot of negative thoughts about Bitcoin and cryptocurrency. They think Bitcoin and blockchain technology are just bullshit on the internet and can not make a profit. So they forbid anyone to use Bitcoin because they think people will encounter scammers Bitcoin


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: dmcx on July 11, 2018, 07:30:06 AM
when before, the government in my country thought Bitcoin was like online gambling sites. I think that's a big mistake for them to think of when thinking wrong. But now my government has some positive thoughts about Bitcoin


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: casternetwork on July 11, 2018, 07:32:06 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
The government in my country says that cryptocurrency is a dangerous currency used in black markets to trade in illicit weapons. They also say that people who use Bitcoin are in the terrorist organization


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: ibrarak92 on July 11, 2018, 07:33:33 AM
the most common view is that bitcoin is something like a pyramid and that all this will burst one day and everyone will lose their money


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: piterpie on July 11, 2018, 07:33:46 AM
I do not know, all about Bitcoin and blockchain in my country are all good. The government is very right about the features of blockchain technology. But they still advise people to invest in a reasonable and safe way


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: lelangsabun on July 11, 2018, 07:35:22 AM
yeah should agree with that, people have to much missconception for what a crypto currency look a like, they thik this is an easy money, but is not, people who have become millionare they deserve that becasue they investing in it when the price are still just a few bucks,


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: doreraj on July 13, 2018, 06:07:05 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

suppose the same as anywhere
misunderstanding how something can work on out of governmental control.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: mahibul49 on July 13, 2018, 06:38:29 PM
same here in our country.govt think its scam but they didnt research it well but surely oneday they will realize and people will know what is blockchain.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: LeGaulois on July 13, 2018, 06:43:50 PM
One if the biggest misconception about Bitcoin in my country, but not only, worldwide too. Considering Bitcoin as an investment scheme because it isn't what Bitcoin, or the basis of any cryptocurrency, is supposed to be for. If Bitcoin was never considered as an investment then perhaps Bitcoin could be a lot more adopted today.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Sijan677 on July 13, 2018, 06:50:00 PM
In my country, the government has banned people from entering the crypto market in any way.But many people who succeed with bitcoin hence the thought or assumption of others that bitcoin is an indisputable scam


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Choyor on July 13, 2018, 07:10:50 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
Because it has no formal basis and regulatory authority, so some people consider bitcoin prone to be abused for illegal transactions, to money laundering. they also consider that the circulation of bitcoin is also a fraud because there is no legalization of the government.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: s31joemhar on July 15, 2018, 02:25:14 PM
I think the biggest misconception of cryptocurrecny in our country is judging the legality of bitcoin without hearing the reason behind of it
because of being close minded about business.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: 1993jochico on July 15, 2018, 02:33:37 PM
Here in my country there are also many people that think's BTC is a scam, but there's also a lot of people here invested on BTC and do mining because they study about it before they judge only those people that dont conduct a study will think that BTC is a scam. They did'nt notice that it is important for them to join us now so therefore when cryptoworld is already used by most of the people they will just starting to study and give attention to it. Its always better to be early.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: pokang13 on July 24, 2018, 02:09:26 PM
they do not really believe because bitcoin is not physically like a country's legitimate money and most people think bitcoin is a fraud

Many people think it is a scam.It is not real.People are skeptic and pessimistic about it because it is not tangible.They cannot see it and cannot use it instantly.People say it is risky to invest in Crypto because you do not know who to blame when crypto fails.
But I belive it ia time for people to change ther view and start studying it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: r32godzilla on July 24, 2018, 05:49:50 PM
In India,the government doesn't encourage crypto currencies.Rather the centra bank RBI has initiated all the other banks to close accounts related to crypto trading.T he Indian government is in an idea to launch its own digital coin named as Lakshmi.Also the Indian government wants to totally stop anonymous transactions and for this,its trying to digitalise all payments.So it would not be ready to allow cryptos which are mostly used for anonymous transactions.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: webtricks on July 24, 2018, 06:20:07 PM
In India,the government doesn't encourage crypto currencies.Rather the centra bank RBI has initiated all the other banks to close accounts related to crypto trading.

This is a half truth buddy. Banks aren't closing accounts of every trader. RBI had notified banks that they are no longer allowed to provide any service to individuals and firms engaged in the commercial business of crypto trading. This definition includes only exchanges and other allied service providers.

Individuals selling their holding or buying from another holder are not included in above definition and they can still continue to buy/sell cryptocurrencies without any restrictions except the fact that they can't use exchanges for that.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: emmiebrizzie on July 24, 2018, 06:25:23 PM
Where am from, majority of the people still don't know the different between bitcoin and blockchain. And some other people think bitcoin is something you buy today and get rich tomorrow.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: andohyeb on July 24, 2018, 06:41:14 PM
In my country cryptocurrency is a seen as a sophisticated technology which only the savvy or computer geeks can enter. It is also believe that any bitcoins holder is a wealthy person .


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Xenoph0bia on July 25, 2018, 06:55:35 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
In my country in India 🇮🇳 for now, bitcoin is still banned and Reserve Bank of India has strictly banned the crypto currency from India and has warned all the people in India that they have to warn all the money that they has invested into bitcoin in the notice regarding 03/04/2018 and then the notice came in the July that RBI is discontinuing all the services for bitcoin and all the Indians will be responsible for all the loses now but still there are expectations that there could be some amendments in this notice.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: micle222 on August 05, 2018, 03:43:28 AM
In my country on the basis of rejecting Bitcoin, including me because I used to be less interested in Cryptocurrency.
Then I saw that Bitcoin was increasingly rising in price and could not be pursued by my elimination while working.

The rest of my country is opening up for cryptocurrency but to lose money etc is at my own expense.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: connexus on August 05, 2018, 03:50:01 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

There are countries and people do really thinj that bitcoin is scam. They lack knowledge about bitcoin and how they will benefit from it. They never experienced yet the good thing that bitcoin may bring to their lives and with that belief surely they will regret it in the future.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Markscott86 on August 05, 2018, 04:04:59 AM
I think one of the misconceptions about cryptocurrency is that people think it is a scam that will eventually make their money lose, but one should understand that this crypto technology is powerful and potential in future.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Innerpumper on August 05, 2018, 04:08:47 AM
My bitcoin country banned because they thought bitcoin is only used the corruptor, terrorists even bubbles.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: vladmamedov657 on August 29, 2018, 08:27:57 PM
In our country it was legalized, even in universities and study ;)


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: SilverCup08 on September 03, 2018, 05:19:11 AM
Same thing here but only for those who are not really into it. You know, the traditionalist and we can't blame them because of the news that are going out about scams on cryptocurrency although those in the trading system are already quite comfortable with it already.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: al maruf on September 03, 2018, 06:27:00 AM
In my country, the government has banned the crypto market. And take legal action against the people involved. This is a serious criminal penalty. The government and some people think that this is merely a coin, which is just fraud. And by this many big crimes are organized. The government can not know which committee. And many money can be trafficked to be a country. As the government here can not monitor And by this it can cooperate in the forest work. So the government has banned the crypto market.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: flying_bit on September 03, 2018, 06:54:17 AM
In our country, this are weird things people think of bitcoin and cryptocurrency
1. Those who don't believe in bitcoin think It's the biggest scam of all time. People think of cryptocurrency as a scam only. Not only because they don't understand what is blockchain and crypto is but because it is widely use to scam people.
2. Those who's just starting in bitcoin usually think Bitcoin can be earned and mined easily. Yup, funny but people think cryptocurrency is easy money and that just few investment they can get rich. They also think that just one antminer and on their own, they will be able to mine 1btc in no time which is a complete joke specially with kind of internet connection we have. Also, here in our country people think they can mine bitcoin in their android phone, yup we're one of those country who will stake our precious .001 btc believing we will get 1btc in a month and will complain and whine when we get scam.
3. They are firm believer and supporter of XVG and TRX and for then one of this two coin is the  future of cryptocurrency. No explanation needed!


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Haunebu on September 03, 2018, 07:16:26 AM
In India,the government doesn't encourage crypto currencies.Rather the centra bank RBI has initiated all the other banks to close accounts related to crypto trading.T he Indian government is in an idea to launch its own digital coin named as Lakshmi.Also the Indian government wants to totally stop anonymous transactions and for this,its trying to digitalise all payments.So it would not be ready to allow cryptos which are mostly used for anonymous transactions.
This is true, but you are partially right. Based on what I have read recently, it seems that the Indian government never intended on banning cryptocurrencies outright and instead are focused on regulating it while the RBI(Cryptocurrency newbies) decided to ban it in the hope that the crypto would disappear from the 2nd highest populated country in the world.

This turned out to be the wrong move since P2P trading has become popular now which means that they cannot track financial transactions and they have themselves acknowledged that they do not possess a deep understanding of the cryptocurrency market.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: richman3451 on September 03, 2018, 07:39:52 AM
in many countries, people get the idea that bitcoin and crypto currency is a pyramid or a hoax that people will lose their money. in fact, this is done specifically to ensure that people can not stop controlling people


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: jekquenkinkas on September 03, 2018, 08:27:42 AM
many countries forbid bitcoin as a means of payment, including in my country Indonesia prohibits the use of bitcoin as a payment instrument.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: EmmaBen on September 03, 2018, 08:31:58 AM
People see as an untraceable medium to launder money, while others outrightly call it scam. When you tell some people that you are into bitcoin, they will ask: "what's that?", some with apprehensive facial expressions.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: IamKnowledge on September 03, 2018, 08:32:43 AM
In my own country, the biggest misconception is that bitcoin has not come to stay- Bitcoin will die very soon. However, I have always stood in to prove my people wrong


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Olalomi on September 03, 2018, 08:55:15 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
I always have an hectic task convincing people about the misconception about bitcoin in my country, a lot of them opinionated that it is a scam and ponzi scheme of course we all knew that bitcoin doesn't a fixed value ie always fluctuating in view of that convincing people to adopt and invest in it becomes difficult.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Ilegendph on September 03, 2018, 09:14:19 AM
In my country, bitcoin is though to give a source of income trough this forum and I am one of those who become interested. At first, I search what is bitcoin, altcoin, how it works, what is blockchain etc. until I get the answer I want and the overview of what is cryptocurrency all about. The biggest misconception in my country is that cryptocurrency is money making scheme although its half true, the other side makes it worst for those who try it because of someone telling them to invest as it guarantees profit which is not true. Actually, only a few percentage that gets in the industry that makes millions in a shorter period of time. Most of the millionaires here are invested their money in bitcoin 5 years ago which is I think a good time to invest if we just believe in bitcoin.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: skisport92 on September 03, 2018, 10:06:06 AM
in Russia, 90 % of people know nothing about cryptocurrency. and out of the 10 % who know, half think it's a Scam, a pyramid scheme, financial and other nonsense.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: skisport92 on September 03, 2018, 10:07:26 AM
a friend of mine says: "you all shake on the money!"at the same time spends on drink every day more than it earns per month) the question is, who rocked on the money?)


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: BeeRoach on September 03, 2018, 10:09:02 AM
In my country people are mostly positive about cryptocurrencies but also a lot of them, especially the older ones are scared of it and call it a ponzischeme.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: lamcaicmm009 on September 03, 2018, 10:12:40 AM
In my country, really bitcoin is not well known, especially young people present when referring to bitcoin also do not know what it is? Only those who learn and work quietly know about it and they are less likely to point out each other about using bitcoin, almost exclusively working individually unless they do. Working together for a long time or some other special case.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: nguoiyeutao696 on September 03, 2018, 10:15:50 AM
There are still limits in my country, they are not really aware of the importance of bitcoin, although the world has talked about the virtual currency. Some people do not understand the concept of bitcoin. When it comes to developing countries like China (which has a very high bitcoin ratio)


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bitterdog on September 03, 2018, 11:15:31 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
As a Indonesian person, i think the biggest misconception about cryptocurrency in my country is cryptocurrency only for scammer and criminal action, we can not expect the benefit from cryptocurrency. I think thats the biggest misconception.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Ahimoth on September 03, 2018, 11:22:32 AM
Same thing here but only for those who are not really into it. You know, the traditionalist and we can't blame them because of the news that are going out about scams on cryptocurrency although those in the trading system are already quite comfortable with it already.
I think not just in my country but all over the world that cryptocurrency has been misconceived as a scam. Many people are trying to take it down because they tend to believe it's a scam. Well right now let me tell you that it is legit and a great system indeed. Don't let ignorance make you a fool and just educate yourself about crypto currency.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: sidodadii on September 03, 2018, 11:51:08 AM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
i think its like in your country. bitcoin is scam, ponzi, and the other thing like that. bitcoin is gambling, but there are people say that bitcoin is trading's activity. so, when i say im collecting bitcoin, they think im trader. in a fact, there are many ways to earn bitcoin.
i dont care about what they say, as long as its not harm them, ill do what i want.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bitcoindusts on September 03, 2018, 02:25:21 PM

so everytime they will hear bitcoin people will say you should stop that because its a Scam.


It's nearly the same for most countries, bitcoin is perceived to be a scam.

Mainly because the only newsfeed the general masses usually receives from the tube revolves around the same aspect. And if by chance they do try to explain what bitcoin is, people are left with mouths gape open wondering what they just heard.

It's really exhausting trying to make people understand what bitcoin is and more so to convince them that it is not a scam. Sadly, a lot of people are still taking advantage of the hype that bitcoin produced deterring the image of cryptocurrencies more and more.



Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: ajaymukund on September 03, 2018, 02:59:08 PM
In my country too, they probably have not grasped the trend and potential of bicoin. In my opinion bitcoin is not bad, you need to spend time to learn it thoroughly, follow it every day, evaluate its potential development will bring good profit for you.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Dacosta Osei-Tutu on September 03, 2018, 03:27:47 PM
People in my country have this strong belief that bitcoin is for fraudsters. So most people who are into it usually hide it from the society


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: znation on September 03, 2018, 03:39:22 PM
My country does not recognize bitcoin and see it as a virtual currency that is illegal, easy to deceive.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: hachiman13 on September 03, 2018, 03:46:35 PM
They think that Cryptocurrency is completely anonymous--no one can track you. This then leads them to believe that bitcoin and all other cryptocurrencies are only used for illlegal things. To make matters worse, the people who are not scared of crypto thinks that it is just another investment tool that will make them rich in a short time--which leads to plenty getting scammed.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: coinwizard_ on September 03, 2018, 03:49:33 PM
Bitcoin often hits the media when there is a big crypto jacking virus running wild like wannacry, this makes bitcoin guilty by association. Not helped by people buying drugs on the dark net. Overall, not a great reputation so there is work to be done


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Google+ on September 03, 2018, 03:56:50 PM
I think in my country cryptocurrency is very neutral and some cities already have offices and cryptocurrency ATMs or Bitcoin ATMs that can be used to carry out bitcoin cryptocurrency transactions.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: YoungMaster on September 04, 2018, 02:12:16 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

We are in the same position dude.
People in my country are too skeptical towards cryptocurrency as they told me if all crypto coins are definitely scam and used for illegal activity. And the funny thing is they didn't want to understand any words from me when I explained them what cryptocurrency and blockchain.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: goldSkylark on September 05, 2018, 01:43:40 AM
Biggest misconception I’ve heard so far is that crypto is all hype and just a fad. Which is frustrating because it simply means that there are still people who don’t understand what it is and what it can do for society. What do you think will help people trust bitcoin or the concept of cryptocurrency?


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Justin Jones on September 05, 2018, 08:59:59 AM
In my country, Bitcoin is cracked down and the government always discourages people from investing in and using Bitcoin. They declared that Bitcoin and other virtual currencies are not legal tender or permitted means of payment in the country. Also, they said that services hosting bitcoins have been shown to be at high risk of being hacked, stolen, or have their database exchanges and exchanges stopped. Really sad.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Pamela Andrade on September 05, 2018, 09:00:20 AM
I always find some people really ridiculous to deem Bitcoin as a Ponzi Scheme. It is absurd to label bitcoin a Ponzi scheme. At any rate a Ponzi scheme uses current inflows to pay “profits” to the earliest “investors” and the earlier you get in the more you make while the last one into the scheme finds he has no chair when the music stops. Bitcoin market, in contrast, works exactly the same as stocks market, nowhere near being a Ponzi Scheme. I can't understand what they are thinking.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Brandon Thompson on September 05, 2018, 09:01:16 AM
Many people in my country think that Bitcoin is only used by crimes for illegal activities. That is the biggest misconception of Bitcoin that I have ever heard. It seems to me that those people don't know anything about Bitcoin as well as cryptocurrency. they say that due to the lack of governmental control and proper regulations, Bitcoin is irresittible for crimes and frauds. I don't know how to deal with them.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: John.Verdon761232 on September 05, 2018, 09:10:43 AM
Rumors about the fact that this is all a big bubble and deception, that this is a new pyramid, designed to take money away and deceive people.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Samantha Walker on September 05, 2018, 09:41:01 AM
The most absurd that I have heard about Bitcoin is that Bitcoin will lead government to the verge of collapse. They say if Bitcoin becomes so popular that it can replace fiat money, governments will be stripped of the power to manipulate currencies to advance nefarious ends, governments will collapse, and we will live in an anarcho-utopia. Wow, such  a weird misconception! I think, following their logic, the governments should collapse from very long time ago, because until central banks were invented in the 17th century, the money supply was unregulated even if governments did stamp coins. Other unregulated or private currencies have emerged from time to time.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: passeroutpass on September 05, 2018, 10:07:33 AM
In my country, as in most countries, it is believed that bitcoin is a bubble that should soon burst.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: giantrobot on September 05, 2018, 10:59:01 AM
My country is like that, so sad. The government prohibits Bitcoin because it does not enrich the national budget, it also implies the risk of crime. In addition, most people have a bad view of Bitcoin in particular and virtual currency in general, they think it is scam.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: omone1 on September 05, 2018, 11:06:45 AM
Because of some bad experience from ponzi schemes in my country rendering some participants homeless and causing divorce due to greed. So the public who are yet to research about Cryptocurrency think is another well packaged ponzi to send many to hell of financial ruin.One has to pursue his believe.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: IndigoRed on September 06, 2018, 12:32:02 AM
Most people believe that bitcoin and other cryptocurrencies are a scam or just a vehicle to do criminal things. I guess the fact that it’s digital, gives it an air of mystery –like the black market. It’s obvious that skepticism is brought about by ignorance. People need to be educated about cryptocurrencies. And thank goodness there are schools now teaching it. Education is the foundation of trust, which will then help establish this new financial paradigm. But what other ways do you think we can help society trust in cryptocurrency more?



Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: kendra1107 on September 06, 2018, 12:52:49 AM
One pretty obvious and common misconception about cryptocurrency in our country, particularly Bitcoin, is that it's a scam. Many of my countrymen do not understand that cryptocurrency cannot be a scam in its very sense. Crypto is just being used as a tool by frauds who want to take advantage of others. This is what stains the image of Bitcoin and crypto as a whole.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Suketlapangan on September 06, 2018, 12:59:28 AM
they do not really believe because bitcoin is not physically like a country's legitimate money and most people think bitcoin is a fraud

indeed it is difficult to make it difficult for them to believe that bitcoin is true, because bitcoin which is intangible like banknotes is valid in my country, until they think that bitcoin is just a fraud ..


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: KKH84 on September 06, 2018, 01:40:00 AM
In my country a lot is wrong about understanding bitcoin. Not infrequently this misunderstanding is more easily spread than true Bitcoin understanding, there are five things about bitcoin misunderstanding.
1. Bitcoin is just a giant ponzi scheme
2. Bitcoin is widely used by criminals
3. Bitcoin can only be used online
4. Bitcoin is easily stolen
5. Transactions are completely anonymous

For that bitcoin education is very important to do so that people avoid mistakes in perceiving about bitcoin.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Golftech on September 06, 2018, 01:56:23 AM
One pretty obvious and common misconception about cryptocurrency in our country, particularly Bitcoin, is that it's a scam. Many of my countrymen do not understand that cryptocurrency cannot be a scam in its very sense. Crypto is just being used as a tool by frauds who want to take advantage of others. This is what stains the image of Bitcoin and crypto as a whole.
The mentality of being a quick way to earned money and calling its system as an scam when things won't favor their side, I guess that's the factors
of misconceptions from my end, many people here didn't bother to understand and make things clear before investing their money, they are just hoping that by joining their money will grow faster, the big mistake is they already didn't bother to understand the risk and when the time comes and downfall
happen for long term, they will begin to cry out loud and call this chain being an scam one.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: walemil on September 12, 2018, 11:52:48 AM
Till date, so many people still take cryptocurrency to be scam, especially bitcoin. Many of them have had the bitter experience of scam in the past and tend to want to steer clear once they hear cryptocurrency. This is a big misconception because cryptocurrency is not what they think it is.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: SUDARMONO on September 12, 2018, 11:58:34 AM
it is absolutely true and I think in your country it is also not much different from my country, in my country there are also many people who think that bitcoin is just a fraud and a scam.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Cryptotissue on September 12, 2018, 12:02:30 PM
The biggest misconception in my country about bitcoin is that, bitcoin is just a means for people to steal and laundered money without being traced. I believe people don't want to accept change and adopt to the change.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: 94K on September 12, 2018, 12:09:48 PM
People are now thinking that whenever anyone starts to join the crypto world, that means the person is corrupt and at the same time a hacker as well but this shouldn't be. Even now what they frown to is always sitting by your PC and browsing.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Vickyrichy on September 12, 2018, 12:10:46 PM
My country has no misconception about cryptocurrency. Only about 10% of the total population of my country have knowledge about cryptocurrency, and out of this 10% about 2% are  into bitcoin investment and the remaining 8% just have knowledge on what cryptocurrency is.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: izza123 on September 12, 2018, 12:14:06 PM
Same as in other countries. Most people believe that the crypto-currency market is a bubble, a casino and a scam.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Marcel666 on September 12, 2018, 12:14:50 PM
In my nation, most people regard cryptocurrency as a ponzi scheme, the skepticism around it has hindered most from acquiring the basic knowledge of cryptocurrency.
Most people like to join a bandwagon, and by then it might be quite late.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Allan Ramanda on September 12, 2018, 12:19:11 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
in my country there is nothing strange with bitcoin, the government says it's true that digital currencies like bitcoin are very risky, because bitcoin has an unstable price. there is a lot of fraud in cryptocurrency, therefore the government prohibits bitcoin trading.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: ShowOffoN on September 12, 2018, 12:24:37 PM
Same thing in our country. Even some of my relatives told me to stop because it's a scam and no matter how I explain it to them, their mind is closed about it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: popsywura on September 12, 2018, 12:25:48 PM
People tend to believe in my country that cryptocurrency and bitcoin is a mere ponzi schemes. Their misconceptions is not far fresh from the fact most people in my country got scam in a popular online pear to pear ponzi schemes which alot of them lost so much money. And they henceforth believe anything not tangible and regularise by government is purely ponzi schemes.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Rylei on September 12, 2018, 01:32:52 PM
they do not really believe because bitcoin is not physically like a country's legitimate money and most people think bitcoin is a fraud

indeed it is difficult to make it difficult for them to believe that bitcoin is true, because bitcoin which is intangible like banknotes is valid in my country, until they think that bitcoin is just a fraud ..

Here also, people think that bitcoin is not true because it is a cryptocurrency and exists only in the internet and not regulated. What fired up their thought that bitcoin is a scam is because of the news that some people who invested their money on bitcoin got scammed, and that bitcoin is associated with higher risks because of its volatility.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: toolucky98 on September 12, 2018, 01:56:04 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?
people just hard to accept new things before they see the testimony from a lot of people, because there are too many scams in this world they think that crypto is a scam too, sometime i heard that they know the cryptos are misuse for subsidize the terrorist and if you join in it means you support the subsidize for terrorist


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: carlisle1 on September 12, 2018, 02:04:57 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

Why not mention what country you belong so we can share thoughts,but talking misconceptions I believe that all the people in every country’s has this same first thought because truthfully who will believe in a virtual money that having this huge value and very unpredictable.so we cant blame them and admit it or not we all have this thing in mind the very moment we hear abiut crypto currency


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Dadaro on September 12, 2018, 02:27:44 PM
Same in my country, they see the next big thing in internet as a scam. It's saddens me every time i hear people says that. That's why i educate those who i can reach. We as a believer of cryptocurrencies should spread the advantage of it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Irwandho on September 12, 2018, 02:34:46 PM
Same thing here but only for those who are not really into it. You know, the traditionalist and we can't blame them because of the news that are going out about scams on cryptocurrency although those in the trading system are already quite comfortable with it already.




I think that is the biggest misunderstanding of my government.
In my country, the government has banned people from entering the crypto market in any way. Messages that are so important and emergency messages cannot come to us as soon as possible and we must suffer losses when we do not update the news as soon as possible.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: LDenis555 on September 12, 2018, 02:37:23 PM
The misconception is that everything is too easy in cryptocurrency, it was very difficult to understand the current situation in the cryptocurrency market, which is trapped and many prices will jump.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: drmanuel on September 12, 2018, 03:27:17 PM
here in my country people see bitcoin to be something without future since it has no legal backing. trust me despite the numerous misconceptions that people have about bitcoin most people has also taken it upon themselves to make something good and big out of it.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: Tashi on September 12, 2018, 07:19:50 PM
Probably the biggest misconceptions are:

Bitcoin is a ponzi scam and that people should avoid because it's scam and expensive.
Bitcoin is a currency in dark web that people use for illegal transactions; to avoid tracking from the government. :'(


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: bitbunnny on September 12, 2018, 07:24:05 PM
In my country not so many people are familiar with cryptocurrencies and many of them are thinking that Bitcoin is some kind of scam or ponzi scheeme, other think that is highly complicated and sophisticated so they wouldn't understand it and some think it's connected to criminal and illegal activities so they don't want to have anything to do with it.
I beleive it's similar in many countries that is why we need more information and education about Bitcoin and cryptocurrencies and more positive promotion.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: macartem on September 12, 2018, 07:37:36 PM
Here in my country they thought bitcoin is just a scam only few people can fully understand what is blockchain and crypto currency so everytime they will hear bitcoin people will say you should stop that because its a Scam.
How about you? What is the weirdest thingy you heard from people about bitcoin or crypto currency?

The strangest expressions I've heard from people in my country are: "what is your bitcoint?", "what it eats?  ??? ??? ???", "it's a pyramid that's about to burst."... LOL, But in general, in my country do not really know what bitcoin is, and that bitcoin in my country is not popular.


Title: Re: What is the biggest misconception of Cryptocurrency in your country?
Post by: abiola4real on September 12, 2018, 07:44:31 PM
There are as never been any misconception of crypto currency in my country. I have never heard about government talking any thing concerning bitcoin. Be it scam or ponzi scheme. There is nothing like that.