How do I convince people that Bitcoin isn't a financial pyramid?

[panganib999]

ahhh sad story, me too, i don't even know how to tell my family what bitcoin is about, even though bitcoin has been explained on national tv somehow the scheme the pyramid cannot be removed , probably because national tv just reported about price go up like now, and like big correction happen on 2018 , but never explained about the technology in the detail, they even didn't tell reason why bitcoin was created.

Many people misunderstood Bitcoin, about cryptocurrency, because they have been blocked by negativity. The influence of TV news, social media, and those people are talking about negative before you has already been planted in their minds. As long as they have that kind of situation, that is a big challenge for us to make them understood and empty their mindset.

Maybe telling them every day, showing them proof that you are actually making money from this, guarantees that they will show an interest one day.

I agree. I think most of the people now aren't inti butcoin because they believe that it will always a bad thing yet they just dont know how it works and what are the good things about it. I think if you explain well the idea of it, people might understand everything about it and might be able to have interest. And I also agree to the idea that showing some proof might give them some interest in order to also make them also into it and make some profits as well as invest in order to have savings for their everyday and emergency needs.

[TheUltraElite]

Maybe telling them every day, showing them proof that you are actually making money from this, guarantees that they will show an interest one day.

I am still skeptical about this method of teaching - one where the commodity being discussed has a bigger negative image from the start.

Instead letting them come to you to learn is what I feel has the more number of acceptance. However the bad effect of this is that they will be very late by the time they realize but seriously speaking that is not our problem, not ours. In case we are talking about family members and close friends, this will hurt to see but we cant do anything to help them if they are not willing to help themselves.

After all, it is their choice whether to use bitcoin or not. Everyone has their own reservations and another person is defenitely not the one to change that.

[7788bitcoin]

Maybe telling them every day, showing them proof that you are actually making money from this, guarantees that they will show an interest one day.

I am still skeptical about this method of teaching - one where the commodity being discussed has a bigger negative image from the start.

The dangers of this way of convincing is that it looks like a typical ponzi and you cannot convince anyone by saying that the price would rise on a daily basis and how they will convince during a bear market. The only way to convince anyone is to explain about how the financial system works and the difference between centralized and decentralized currency and touch upon market recession and inflation citing examples of different countries and if the other person has any idea about economics then it would be easier if not it is a big hurdle to make them understand.

[415jeremy]

Why do you want spend you time explaining evident facts? Just show them a financial pyramid definition and stop casting pearls before swine.

[Wawa2013]

It is not easy to convince others that Bitcoin is a good asset to buy. Because most people still don't understand the real Bitcoin, they only read
the news that is spread on the internet and watch television. Which media that describes Bitcoin is usually under government control, and also
some of  the economists who explain Bitcoin are government people. So the news that is widely spread Bitcoin is illegal and widely used by criminals.
This is done by the government to increase the reputation of the bank, therefore a detailed explanation is needed so that people can really understand
that Bitcoin is not as bad as they thought.

Even in my country, many think Bitcoin is a gambling game, I do have to spend a lot of time explaining to people around me about the real Bitcoin.
Even though it is tiring, it is our job to convey the truth about Bitcoin. So that Bitcoin can be accepted more quickly by many people.

[bitterguy28]

Don't convince them Instead just let them ask by showing them how beneficial Bitcoin to you and your family and friends .
If they saw everything is good then trust me they will ask you how and why this is helpful and not pyramiding scam.

[Pamadar]

Maybe telling them every day, showing them proof that you are actually making money from this, guarantees that they will show an interest one day.

I am still skeptical about this method of teaching - one where the commodity being discussed has a bigger negative image from the start.

The dangers of this way of convincing is that it looks like a typical ponzi and you cannot convince anyone by saying that the price would rise on a daily basis and how they will convince during a bear market. The only way to convince anyone is to explain about how the financial system works and the difference between centralized and decentralized currency and touch upon market recession and inflation citing examples of different countries and if the other person has any idea about economics then it would be easier if not it is a big hurdle to make them understand.

The usages and the system inside this industry is the best convincing tool.

People who doesn't understand how this market works will keep having a bad impressions to this industry, you just need to bring up what are the benefits and not just the earning opportunities, there are other things that may gathered interest aside from the investment side, you just need to explain further.

[Sophiya]

It may not be worth convincing anyone, most often a person will still remain unconvinced until he tries for himself and is convinced by his own experience.  I think now you can find any information, study it and compare it, if there is a desire and interest.  And if it is not, then no amount of persuasion will help.  It may happen that you convince someone that bitcoin is absolutely reliable, but this person will not succeed, he will lose money and blame you for it, without understanding the reasons.  Or maybe someone does not need information about the cryptocurrency at all, in general, everything is individual

[seoincorporation]

Why would you waste your time trying to convince people? As satoshi says:

“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.”

If you think about who convinces us to be in this crypto world you will realize that people only have to understand how it works to convince themselves. No one has to be telling us the benefit or why it worth to be part of this movement.

[gurunanakji777]

No need to waste your energy in arguing or convincing anyone about bitcoin. In recent times you notice many institutional and big influential people start investing in bitcoin. You know nobody convinces them. They saw the potential in Btc so they invest in it like this more and more investors will take interest in BTC as BTC keeps booming. Certainly current bull run of Btc caught the attention of many new investors. Those who understand the bitcoin potential are actively buying BTC and hold it for the long-term.

[AakZaki]

The potential of bitcoin and its increasing price attracts many people. so that many are entering into bitcoin. if bitcoin is associated with the Financial Pyramid, of course they are misrepresenting it. Some ponzi projects that use bitcoin are just trash projects under the guise of bitcoin that people are attracted to, while bitcoin itself is just a tool.
People who understand completely about bitcoin certainly understand what bitcoin is and not as a financial pyramid, people who say bitcoin as a financial pyramid are only people who fail in projects on behalf of bitcoin or don't fully understand it.

[online73]

I agree with those people who say that there is no point in convincing people, especially those with an engineering background or simply holding a solid position in society, that Bitcoin is not a pyramid. Those who believe in cryptographic progress are already here. The space of the Soviet Union was filled with pyramids in the 1990s, but the Internet was not widespread then and people are very easily misled. Now you can find expert opinion on any issue from different points of view. Personally, I don't care what definitions the official propaganda of my state assigns to Bitcoin. I earned thanks to bitcoins and will continue to earn, and whoever does not believe in bitcoin - I just feel sorry for them, but I will not persuade them - I would rather spend this time monitoring the situation in the cryptocurrency world and the opportunity to buy bitcoins even more in the upcoming correction.

[Vaskiy]

It is technology, money, solution that eliminate the third party involvement. We can keep on briefing about the cryptocurrency in different ways, on the opposite side one needs to be ready to hear it.

Arguments make conversation interesting, but some people without sense keeps arguing. With those people just explain the basic and leave it. Let them learn further if required, and I have did this way in the past. Some people who never believed and kept arguing without sense came back and asked suggestions on investing.

[doomloop]

With more and more influential people and companies getting involved with Bitcoin there's been a lot of talks about the crypto world among regular people, to whom Bitcoin is still something new and unknown.

As you might expect, many of these people believe that Bitcoin and all other cryptocurrencies will not benefit the economy, but rather only make it worse, and many are convinced that Bitcoin is yet another pyramid. And what upsets me the most is that among these people are economists, financial advisors, they should know better, than that...

So how do I prove them wrong?

I have seen a lot of people who believed that bitcoin and cryptocurrencies are just another pyramid schemes and I when I see these people I don’t really stress myself in getting to explain what it is to them, because when I try to say it they will keep saying that it is a scam, so I just don’t stress myself. The truth is that you can’t really force people, if they don’t want to believe in it there is nothing you’re going to do to them to convince them that they are wrong, even if it’s possible it’d going to be a really difficult thing for you to do.

What you have got to do is to keep teaching those that wants to learn and as for those who don’t want to learn, don’t stress yourself, it’s all with time and they are going to realize that they have made a huge mistake of getting in when they were told about it.

[conected]

I agree with those people who say that there is no point in convincing people, especially those with an engineering background or simply holding a solid position in society, that Bitcoin is not a pyramid. Those who believe in cryptographic progress are already here. The space of the Soviet Union was filled with pyramids in the 1990s, but the Internet was not widespread then and people are very easily misled. Now you can find expert opinion on any issue from different points of view. Personally, I don't care what definitions the official propaganda of my state assigns to Bitcoin. I earned thanks to bitcoins and will continue to earn, and whoever does not believe in bitcoin - I just feel sorry for them, but I will not persuade them - I would rather spend this time monitoring the situation in the cryptocurrency world and the opportunity to buy bitcoins even more in the upcoming correction.

- From the very beginning, many people held a fearful and disbelieving attitude in bitcoin, choosing to believe in the traditions of the nation, persuading them is difficult because our actions and presentations have so much appeal and incentives, more precisely, we are acting as salespeople, the product reputation is less while deceiving the user is mainly, that's their mindset. There's no need to create such an obnoxious cover on everyone, our advantage cannot be improved by these convinces, believe it or not is for their benefit

[uneng]

Don't convince them Instead just let them ask by showing them how beneficial Bitcoin to you and your family and friends .
If they saw everything is good then trust me they will ask you how and why this is helpful and not pyramiding scam.

Many people will only realize they have lost a golden opportunity when they see the early adopters' fruits by their own eyes and once this happens, they will start being curious about bitcoin more than ever.
For these people only time can tell and prove to them bitcoin isn't a financial pyramid, so there is nothing we can do on the present moment besides waiting. The opportunity is open and accessible to all. People just need to use their free will guaranteed by God. That is the most important aspect regards this matter.

[bryant.coleman]

Why would you waste your time trying to convince people? As satoshi says:

“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.”

If you think about who convinces us to be in this crypto world you will realize that people only have to understand how it works to convince themselves. No one has to be telling us the benefit or why it worth to be part of this movement.

Completely agreed here. Back in 2012, when I first entered the cryptocurrency sector, I was also trying to convince a lot of people. I was ideologically driven at that time, and wanted to end the exploitation by the central banks and achieve financial freedom. I tried to reason with my friends and relatives, but received ridicule and insults in return. That said, some of those who insulted me back then are now queueing in front of my house now, to learn how to invest in cryptocurrency.

[Skol600ml]

Aswering the topic's title.

Why would you do that?

You don't have to convince or invite people to buy bitcoin. Inviting people to believe or invest money is exacly what pyramid schemes is about.

Just nod and wave.

[hemzer]

Quit convincing people. If they need convincing then they are not ready.
All you have to do is make sure they are asking themselves the right questions?
And give them resources like these.
https://www.lopp.net/bitcoin-information.html

With more and more influential people and companies getting involved with Bitcoin there's been a lot of talks about the crypto world among regular people, to whom Bitcoin is still something new and unknown.

As you might expect, many of these people believe that Bitcoin and all other cryptocurrencies will not benefit the economy, but rather only make it worse, and many are convinced that Bitcoin is yet another pyramid. And what upsets me the most is that among these people are economists, financial advisors, they should know better, than that...

So how do I prove them wrong?

Though I'm not a professional economist, still I've come up with some arguments as to why Bitcoin ISN'T a financial pyramid:

1. There's no single beneficiary
In financial pyramids, there's always someone, an organization, or a group of people who benefit from peoples' investments. Who benefits from Bitcoin? Anyone can become that person if he/she invests enough money, there's no one, who controls it.

However, a friend of mine argued that there are people, who benefit: electric companies from large energy consumption due to mining and the companies that develop and sell the miners.

But that's just crazy, to believe in that we'd have to assume that they're all in collusion.

2. There's no need for new recruitment
That's probably my favorite. The main reason why financial pyramids survive is that they constantly recruit new customers. Without that - the pyramid falls.
But there's absolutely no need to recruit new people for Bitcoin to function, am I right? Without new users, there'll be just redistribution of what there is among the current users, txns will still be going and the miners will have work to do. So there's no required amount of users for Bitcoin to function like there is in the pyramid. I see no potential flaws here.

3. There are no promises
In financial pyramids, it is common that an organization lures people in by promising that they can easily "turn $100 into $1000", for instance. There's no such thing with Bitcoin. Yes, there's a potential for it to grow, you can make money out of it, but there's also a potential for it to drop, everyone invests knowing this can happen and sometimes it does happen, we go in here being aware of the risks.

That's about it.

Also, one thing that people keep telling me and get me cornered with is that there's no actual value behind Bitcoin. And that the economy can't function like that. Making Bitcoin only requires resources (e.g. energy, machines), but Bitcoin doesn't give anything in return. They say that behind the fiat there's an actual value, which is why we can avoid inflation: precious metals, country resources, plus it is fixed to the GDP, which is why the economy can be stabilized.
Without that - fiat is just paper. And while Bitcoin has nothing like that fixed to its price - it is also nothing.
They say you can't just "create" money out of nowhere. The only way Bitcoin can function as a part of the economical system - is if we replace the fiat with it. What can you say about that? Sounds reasonable, but I'm not a specialist. Is that really true?

Don't hesitate to point out if I'm wrong somewhere, it'll help a lot. Also, it would be very helpful if some of you could come up with more arguments, proving that Bitcoin isn't a financial pyramid.

I know it isn't and I also want other people to know that it isn't, and for that, I need as many arguments as possible.

[Zemomtum]

I think people will get more confused when their merchants like Paypal, Visa, and other big institutions bring it as part of services which is already happening, then they will not that it has nothing to do with the financial pyramid but a pure legit means of exchange