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Author Topic: What you do when someone say bitcoin is illegal thing?  (Read 1828 times)
tranduc2101
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August 01, 2018, 05:04:14 AM
 #81

Most of the common people think that bitcoin is used only by hackers and criminals,even one of my friend said that it is used by hackers when I am telling about crypto currency to him.Later I explained what is bitcoin and other crypto currencies but still he confused,he can only get what is bitcoin when he research about himself.

In this situation how can we explain that what is real bitcoin?
I will explain to him about the blockchain technology. And then I will tell him about the advantages and the technology platform blockchain bring to life. Bitcoins are representative of blockchain and Bitcoin will also have many advantages and benefits if we use Bitcoin for good purpose.

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August 01, 2018, 05:04:33 AM
 #82

Most of the common people think that bitcoin is used only by hackers and criminals,even one of my friend said that it is used by hackers when I am telling about crypto currency to him.Later I explained what is bitcoin and other crypto currencies but still he confused,he can only get what is bitcoin when he research about himself.

In this situation how can we explain that what is real bitcoin?
Just tell them to learn and read more about bitcoin before they can say like that..

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August 01, 2018, 05:11:09 AM
 #83

Sometimes, it can be difficult selling your idea to someone especially when they already have a misconception relating to the topic in question and the subject matter of bitcoin is no different.
Not everyone knows exactly what and how bitcoin run which means there will be a lot of misconception but the first thing you will need to do is not getting angry but taking your time in explaining what it is by differentiating Fiat currency and cryptocurrency, explaining blockchain and encouraging the person to do a little research and ask you questions. By so doing the person will be involved in the process actively and that will make it a lot easier

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August 01, 2018, 07:19:23 AM
 #84

I will say bitcoin isnt illegal thing to them, bitcoin is just decentralized
just like other currency as long as it can be use for payment of goods and services its fine for me.
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August 01, 2018, 07:33:47 AM
 #85

I have seen and met several people that call bitcoin scam and says other sort of negative things about it, the only reply i do give them is to make deep research about it and understand the concept.
Rajamuda
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August 01, 2018, 07:40:49 AM
 #86

It's been a lot of people like that, but well there is no reason to declare that actually bitcoin has a good role and has a more positive side towards about the excess. They only judge without more thorough, we who are long closer to bitcoin there is no reason to explain the truth and prove that bitcoin is not something that only smells negative.
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August 01, 2018, 07:44:44 AM
 #87

This use to happen every time, even myself too have said this before i later realise bitcoin is future online digital currency, i now tell them by explain how it works.
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August 01, 2018, 08:09:38 AM
 #88

Most of the common people think that bitcoin is used only by hackers and criminals,even one of my friend said that it is used by hackers when I am telling about crypto currency to him
In my opinion, it is the thinking of a stupid people. Which is completely blind to bitcoin or similar virtual currency.

In this situation how can we explain that what is real bitcoin?
Simple. Bitcoin exists and is real as a virtual currency. We have a wallet to store and pull out bitcoin, we must keep bitcoin in the safest places, bitcoin used as a medium of exchange, like a fiat currency. Which is each of currency has the same functions as that.
Scott Freemann
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August 01, 2018, 08:15:01 AM
 #89

It's not wrong to say that Bitcoin is a illegal thing and used for illicit activities. In some countries, Bitcoin hasn't been laid legal grounds yet. In some others, the governments ban Bitcoin and don't acknowledge it as a legal tender. And actually, Bitcoin is being taken advantage by crimes. But the key thing is that Bitcoin is more than these bad things. It is a digital asset stored online and can be used to buy goods and services online. Since it has big potential, many put money in it and treat it as an investment to earn money. You should say to them lke that.
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August 01, 2018, 08:15:15 AM
 #90

If your friend isn't brainwashed by Bitcoin-skeptics, it's possible that you can raise their awareness of Bitcoin. Explain to them that Bitcoin is a new kind of medium of exchange. You can use it to buy goods and services like regular money. Bitcoin is supported by the Blockchain technology, therefore when you transfer money, third party like banks is unnecessary. Due to some of its unique features like anonymity, cheap fee, and being borderless, it has been used by criminals to launder money and buy illicit stuff such as drugs and weapons. bitcoin itself isn't bad, but people misuse it and cause its bad reputation.
Rebecca Bragaa
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August 01, 2018, 08:15:35 AM
 #91

You need to clear their mind about Bitcoin. It's only illegal in some countries which introduce the Bitcoin ban.Those nations haven't found right way to treat Bitcoin so they temporarily ban Bitcoin for fear of rising in illicit activities facilitated by Bitcoin. But Bitcoin can be used for various good purposes, not only for criminal activities. For example, Bitcoin speeds up money transference, and make it easier for international transactions. Also, Bitcoin is a profitable investment. That's what I think I'll say to my friend if I'm in your situation.
Justin Regoo
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August 01, 2018, 08:21:17 AM
 #92

You need to show them Bitcoin's features: Bitcoin doesn't require personal information when you transfer money, which ensures excellent  privacy. Making use of this characteristic, criminals use Bitcoin for money laundering, trading illicit goods and services, and money blackmailing without fearing detected by authorities like it is with banks. Due to this, some governments have banned Bitcoin from their country. So it isn't a legal tender in those nations. You should vindicate Bitcoin like that.
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August 01, 2018, 08:21:32 AM
 #93

There are a large number of people outside are using Bitcoin for legal transactions to pay for legal goods and services. Many are investing money in it to earn profit and not a small number of them have made a killing. If it were only used by criminals, then it wouldn't be publicly traded as it is now, but banned by  almost all countries.
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August 01, 2018, 08:43:55 AM
 #94

It's been a lot of people like that, but well there is no reason to declare that actually bitcoin has a good role and has a more positive side towards about the excess. They only judge without more thorough, we who are long closer to bitcoin there is no reason to explain the truth and prove that bitcoin is not something that only smells negative.

our task is simply to straighten their negative outlook, we do not have to force them to believe because they have a personal way of thinking, I think there will always be a country that does not ban bitcoin even informally, it is evident that many Chinese and Indians choose to actively trading in the hongkong market and Japan instead of thinking of negative things in their country, nothing can stop them in the online world because bitcoin does have positive economic benefits from a more potential side.
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August 01, 2018, 10:02:35 AM
 #95

Perhaps as a trader should not be easily affected by the news that has not had any real proof because such problems can create a panic and to earn an income every time becomes difficult when the optimistic attitude is not owned by the trader.

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August 01, 2018, 10:46:42 AM
 #96

Unfortunately this is because of the FUD  spreading by people who doesn't like bitcoin,. And they are partly right about this being used by criminals. You just have to tell that friend that it is not all bout criminals and tell the pros of bitcoin.
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August 01, 2018, 10:53:39 AM
 #97

Most of the common people think that bitcoin is used only by hackers and criminals,even one of my friend said that it is used by hackers when I am telling about crypto currency to him.Later I explained what is bitcoin and other crypto currencies but still he confused,he can only get what is bitcoin when he research about himself.

In this situation how can we explain that what is real bitcoin?
Its been very difficult to change the mindset of some people who usually castigates bitcoiners I had also met many individuals who said btc is hyip, scam, mmm and makes many unsavoury remarks about btc however all these remarks does not deterred me from convincing them the truth and facts about btc.

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August 01, 2018, 11:09:11 AM
 #98

First thing we all should understand is we cannot change the opinion of others if they have a negative mentality. Every currency has advantages as well as disadvantages. People tend to think that when there is anonymity, it is illegal. there may be hackers who use bitcoin because of this anonymity. But we cannot conclude bitcoin is illegal because of this. Bitcoin is a great currency which allows decentralization.It lessens the transaction fees and helps in quick transactions.
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August 01, 2018, 11:22:46 AM
 #99

Many friends say that because bitcoin is prohibited in my country. But they do not understand, which is prohibited only use as currency, and not prohibited if used as a commodity and investment. The government only warns that bitcoin is a high-risk investment. Often I justify the misunderstanding, and explain more about cryptocurrency, well there are those who will understand and some do not.

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Ibizugbe1
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August 01, 2018, 11:51:09 AM
 #100

I simply let them see how it works and its usefulness in trying to solve our everyday problem. And I try to let them know how many big shots are involved in the community and the general market base.
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