Cryptotissue
Member
 Offline
Activity: 150
Merit: 10
|
 |
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.
|
|
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
94K
Member
Offline
Activity: 350
Merit: 10
HiveNet - Distributed Cloud Computing
|
|
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.
|
|
|
|
Vickyrichy
Member
Offline
Activity: 209
Merit: 12
|
|
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.
|
|
|
|
|
|
izza123
|
|
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.
|
|
|
|
|
Marcel666
Jr. Member
Offline
Activity: 266
Merit: 2
The Premier Digital Asset Management Ecosystem
|
|
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.
|
|| ICONIQ HOLDING ||
The Premier Digital Asset Management Ecosystem, Powered by the ICNQ Token |
|
|
|
Allan Ramanda
|
|
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. |
|
|
|
|
ShowOffoN
Newbie
Offline
Activity: 112
Merit: 0
|
|
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.
|
|
|
|
|
popsywura
Jr. Member
Offline
Activity: 112
Merit: 1
|
|
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.
|
|
|
|
|
|
Rylei
|
|
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. |
|
|
|
|
|
toolucky98
|
|
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 |
|
|
|
|
|
carlisle1
|
|
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 |
|
|
|
|
Dadaro
Newbie
Offline
Activity: 124
Merit: 0
|
|
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.
|
|
|
|
|
Irwandho
Newbie
Offline
Activity: 83
Merit: 0
|
|
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. |
|
|
|
|
|
LDenis555
|
|
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.
|
|
|
|
|
drmanuel
Newbie
Offline
Activity: 8
Merit: 0
|
|
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.
|
|
|
|
|
|
Tashi
|
|
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.  |
|
|
|
bitbunnny
Legendary
Offline
Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
|
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.
|
|
|
|
|
macartem
|
|
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. |
|
|
|
|
abiola4real
Newbie
Offline
Activity: 210
Merit: 0
|
|
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.
|
|
|
|
|
Olayinka225
Jr. Member
Offline
Activity: 322
Merit: 1
|
|
December 22, 2018, 10:14:21 PM |
|
Yes...good question you ask here
I think the biggest misconception abour cryptocurrency in my country NIGERIA is that cryptocurrency is a ponzi scheme. Because a lots of ponzi scheme companies have come into the country, looted people's money and disappeared. So the country is now on the page, anything that comes through internet or any sort of is a ponzi and it's a dead end.
|
|
|
|
|
|
