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Author Topic: Some of my friends still think Bitcoin is scam and Ponzi  (Read 1538 times)
jpespa
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February 12, 2018, 06:55:36 AM
Merited by Bolt Brownie (1)
 #41

Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?

Bitcoin is a digital currency that can be used to pay a good or service online as long as it is accepted by the merchants. Ponzi is an operation where the operator generates profit from older investors through money paid by the new investors. For example, ponzi scheme may be an online website where you can invest bitcoin and they will promise you an ROI ranging from 5%-11% depending on amount invested.

In this case, your friends should already realize that Bitcoin is JUST a digital currency used in "Fraudulent acts such as Ponzis". In fact just being able to convert bitcoin into any other currencies can already convince you that it is not a scam. Just like with our fiat money, it can be used also in Ponzis and Pyramid schemes where they will promise you also a good return of investment if you will join their program and recruit more people to join. It is not the bitcoin itself that is to be considered a scam, but how it was used by somebody is what it makes look like a scam.

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February 12, 2018, 06:58:59 AM
 #42

Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?

Actually with how bitcoin is defined and how it is, a lot of people can actually be in disbelief how this can turn into a money making scheme woth how you are dealing with currency that you cannot even see or touch and how its value can be determined. Which is why their fears are balid and its up to us the people immersed in the cryptocurrency community and bitcoin to explain and show them the way

Y U MAD AT ME
markmillan1215
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February 12, 2018, 07:07:11 AM
 #43

You’re not the only one. Most of my friends too think that bitcoin is a scam and they do not want to research about it. They are closed minded about bitcoin and hates me when I brought it to the topic. My way to show that the bitcoin is not a scam is to show them what i’ve got since I am into bitcoin. Thought I didnt earn much atleast I earn and I hope they will believe me one of this days.
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February 12, 2018, 07:22:32 AM
 #44

You don't need to do that, just do what you believe, while doing that, make a lot of money, make your bank account fat, buy cool stuff and after that show them all what you get from bitcoin
I believe one by one will curious from where you get that and if that time come
Boomm! Its from bitcoin bro say that with proud😁

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February 12, 2018, 07:26:44 AM
 #45

Most of them do not understand the whole idea of crypto, this is the reason. Try to educate them.
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February 12, 2018, 07:38:14 AM
 #46

You don't have to tell them, because they think the boom and bust must be behind it because it's a ponzi scheme. They don't know about bitcoin, they don't know the blockchain, so when they know about bitcoin in the future, you just need to give them a smile.

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February 12, 2018, 07:43:46 AM
 #47

Dear all,
I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.
So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?

Honestly, I'm not trying to persuade someone who doesn't want to believe anything.
If they do not accept it, that's their job and thats it. Just let them see your crypto results.  Smiley

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February 12, 2018, 07:54:57 AM
 #48

if I think whatever the judgment of a person let it go, we all know how to work and systems in this world of crypto, we work hard and then our results are rewarded according to our work, so in my opinion there is no fonzi system or money laundering, Smiley

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February 12, 2018, 08:36:33 AM
 #49

Maybe some of your friends think that bitcoin is a kind of scam or ponzi. I will not blame them of how they think about bitcoin but I think it's too harsh to say bitcoin is a scam or ponzi especially if you don't have enough evidence and you didn't experience it on your own . It's true that Don't judge the book by it's cover especially if you don't know the story behind it.
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February 12, 2018, 08:42:47 AM
 #50

It is funny to know that your friends still think that bitcoins are scam as they will be the once who belong to that category who is not updated about anything that is going on the society and they may be the once who are stuck in their own little fancy world where they only know on how to do social networking and chatting and wasting time on unwanted things . The could even understand what bitcoins are if they at least spend some time with the news paper or find little bitcoins time to check the news that is going on in the world.All i got to say is they belong to the category of idiots who has no idea about what is going on in the world. In fact they can be called as bunch of idiots as bitcoins is trending everywhere and it is being the main topic every news media .
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February 12, 2018, 08:44:18 AM
 #51

Show them the graph which indicates the price of BTC at the beginning of 2009 and show them the current price of BTC as of today or in the beginning of this year. Tell them there are pretty good chances that bitcoin will cross $25k this year. Tell them the benefits of using BTC as a currency and let them know how much profit others have made investing in Bitcoin. At last you must say them if not bitcoin there are 1500 other currencies as well which still have a bright future ahead. They will then know that cryptocurrencies are here to stay for long.

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February 12, 2018, 08:59:19 AM
 #52

Since you are friends, it's better that you tell them what Bitcoin can do in the future. If they don't believe then just ignore them. One day they will realized what they've done. Smiley
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February 12, 2018, 09:02:27 AM
 #53

Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?


first you should know, your way to convey good knowledge and understanding. this is important, you should do step by step slowly. and give them good insights, direct illumination. shows the market. yes quite difficult and hassle I guess.
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February 12, 2018, 09:17:05 AM
 #54

Yes that is true. My friends and classmates really thinks that bitcoin was only a scam but now they change their mind because of several proofs that in Bitcoin we can really earn.
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February 12, 2018, 09:28:00 AM
 #55

Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?
From the start, I just tempt my friends with the payouts in my signature & bounty campaigns. Then once they are interested in bitcoin, I explained it to them to have knowledge on it. Now they are thinking much and making succeding questions. Making them knowledgeable about bitcoin can really be self satisfying because I could educate them the possibilities of bitcoin in the future.

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February 12, 2018, 09:52:08 AM
 #56

To be honest, my friends all think bitcoin is a ponzi scheme.
When I first entered the cryptocurrency market, I thought it was a ponzi scheme, but only when you really understood the blockchain and bitcoin did you change your mind.

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February 12, 2018, 10:03:34 AM
 #57

Show them the graph which indicates the price of BTC at the beginning of 2009 and show them the current price of BTC as of today or in the beginning of this year. Tell them there are pretty good chances that bitcoin will cross $25k this year. Tell them the benefits of using BTC as a currency and let them know how much profit others have made investing in Bitcoin. At last you must say them if not bitcoin there are 1500 other currencies as well which still have a bright future ahead. They will then know that cryptocurrencies are here to stay for long.
Good point. So many people fail to observe how bitcoin has rapidly risen in value ever since its inception way back in 2009. Something worth a couple of cents is worth thousands of dollars at the moment which is seriously insane and worth appreciating if you think about it. Coins like Bitconnect etc are some of the main reasons why many people shy away from the crypto world since they fail to observe the legit coins hidden among the plethora of scam coins out there. Bitcoin is here to stay and there is no need to convince anyone regarding this since its upto them if they wish to be a part of this revolution or not.

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February 12, 2018, 10:32:46 AM
 #58

Dear all,

I just heard some of my friends chatting in a gathering and they think Bitcoin is scam and Ponzi. I just give them a smile and wish they will educate themselves a bit.

So, I would like you to give me some suggestions, how I can give them some hints with soft words which can change their mind or at least give them some more space to think twice?
If you know many things about bitcoin then share it to them then ask what is the definition of "Ponzi" and "Scam". In my experience, the people who are saying bitcoin as a ponzi or scam doesn't know really what is the definition of these 2 terms.

You want so give them some hints? They are your friends right? You know how they are thinking about a certain thing and as you said, they think bitcoin as a scam. You don't need to give some hints to them. What are you going to do?? Just continue earning and let them see what you have achieved in earning here in cryptocurrency and that is the time that they will change their mind and will join in what you are doing. You don't need to educate them especially if they are close-minded.

Just continue earning and show it to your friends in the future that the thing they say its a scam is the thing that will make you rich in the next years.

 
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February 12, 2018, 10:38:19 AM
 #59

winyau8888, it is better to leave them thinking so,if they want to learn about BTC and cryptocurrency they can just go online and search for facts.Sometimes is better leave things to evolve in natural way,if you try explain them some things some of your friends could invest the money and lose it for some reason(hack,lost private key/seed,big price drop).

When it comes to money and investment people should take responsibility for themselves.If somebody thinks BTC is scam&ponzi let him continue to think that,at the end every opinion should be respected.

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February 12, 2018, 10:40:56 AM
 #60

well, what the change in the world will happen if your friends would stop think the btc is a scam and ponzi?
they correct answer is - nothing)
so just do not waste your time trying to prove them something) just enjoy good time with your friend. imho.   Roll Eyes
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