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Author Topic: What is the biggest misconception of Cryptocurrency in your country?  (Read 662 times)
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July 02, 2018, 12:16:34 AM
 #41

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.

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July 02, 2018, 12:21:16 AM
 #42

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.

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July 02, 2018, 12:22:27 AM
 #43

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.
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July 02, 2018, 02:14:42 AM
 #44

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.

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July 02, 2018, 02:34:30 AM
 #45

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.

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July 02, 2018, 06:04:45 AM
 #46

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.

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July 02, 2018, 06:17:51 AM
 #47

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.


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July 02, 2018, 07:03:43 AM
 #48

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.
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July 02, 2018, 07:25:33 AM
 #49

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.

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July 02, 2018, 07:30:00 AM
 #50


In my country, people often equate BTC = MLM, phishing, virtual currency. Very few people understand what blockchain is.
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July 02, 2018, 07:30:36 AM
 #51

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...

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July 02, 2018, 07:35:32 AM
 #52

In my country, most of people classified it to as ponzi scheme and also scam, they never interested in making person research about it...
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July 02, 2018, 07:40:56 AM
 #53

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.
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July 02, 2018, 07:42:15 AM
 #54

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.

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July 03, 2018, 02:57:22 PM
 #55

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.
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July 11, 2018, 07:17:28 AM
 #56

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.

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July 11, 2018, 07:22:53 AM
 #57

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

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July 11, 2018, 07:30:06 AM
 #58

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

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July 11, 2018, 07:32:06 AM
 #59

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

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July 11, 2018, 07:33:33 AM
 #60

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
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