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Author Topic: Bitcoin is only new to the newbie  (Read 682 times)
Zilon (OP)
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September 04, 2021, 06:39:10 AM
Merited by Trojane (2)
 #1

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies. I was discussing with some one about bitcoin and it's achievements over the years and how this past few years has gained massive ROI for investors and he was so concerned about how people got scammed using online platforms giving negative attributes to Bitcoin to him bitcoin is a Ponzi scheme.

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations
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September 04, 2021, 06:49:41 AM
 #2

With time. Some will attempt to educate themselves online and realize that Bitcoin is not a scam, some will FOMO in at some point in the next huge price rise, while some will pridefully think that Bitcoin is a scam no matter what happens. There are enough material online for Bitcoin education; just let Darwinism take its course.

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September 04, 2021, 06:56:50 AM
 #3

Let's just expect that not everyone is into bitcoin and even how it will become successful in the near future, there will still be a lot of folks that won't be aware of it.
And to those that have a bad impression to bitcoin just because they've got a nightmare and bad experience online. It's their fault but I'm sure that many of them haven't closed their minds with new opportunity. I agree to mk4 that it's just a matter of time that their perception towards bitcoin will change.

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September 04, 2021, 07:31:20 AM
 #4

providing good evidence is a way to recover from their bad experiences. bitcoin was not actually created for evil, it's just that people were shocked by the events that happened to them, it became one of the less favorable moments. I suggest providing education and understanding if bitcoin in the digital era has now become a profit-generating need and not for a negative thing
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September 04, 2021, 07:46:58 AM
 #5

Many still find it difficult to accepting this digital era because of their past experience with internet fraudsters and looters who made many bankrupt when ponzi was introduced. How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto generally would only make them aggressive with crypto investors and would still see the world the way men in the 80s saw it with lots of limitations

It's takes time, sooner or later people will realized what bitcoin is and what it can give to them in terms of financial stability. And those who find it difficult will eventually give up and slowly accept it, otherwise they will be left in the closet as we are marching towards digital era or even cashless society.

Don't worry about FUD, as you can knowledge and experience, you will just laugh on those negative news about bitcoin, because deep inside you know that it is not true. So why be affected by this rumor monger?

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September 04, 2021, 07:53:37 AM
 #6

The way to solve this problem is only to understand the truth and always try to avoid making a deal with the Ponzi, scammers, or else and always carefully if they read some news that offers a big profit in the short term.
Those who got tricks from the scammers need to open their minds about learning more about the real things they want to invest in so they do not follow the scammer's trap and give them money.
If people can open their minds and not become greedy to see a big profit in the short term, they will see that everything they want can not always happen shortly and everything will always need time before they can achieve.
So in this matter, only learning more will help them get out from the worst situation and make a profit in the future.
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September 04, 2021, 08:26:24 AM
 #7

One thing I have learnt during my journey with Bitcoin, is not to force people to buy bitcoins. In the beginning I could not stop myself from talking constantly about Bitcoin to my friends and family and people I came in contact with.. and they got sick of this. I soon realized that they are only enthusiastic, when I make huge profits. (800% profit in 3 years) ....so I changed my strategy.

I keep quite and I just buy nice things.... when they ask me where the money is coming from... I just casually mention that I made X amount of profit on my Bitcoins..... and this is the trigger... NOW, suddenly..they are interested and they want to buy too.  Grin

The fud and negativity will always be there and the butt hurt people who could not pull the trigger.. will also be there, so I say.. DO NOT waste your energy on them, because people seldom change their minds... rather be an example of success and they will come to you.  Wink

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September 04, 2021, 08:37:02 AM
 #8

A lot of people are not financially literate and have bigger problems understanding how bitcoin works. Lets just look Salvador, the first county to make BTC official currency. Now they have problems because only 5 % of population actually understands what bitcoin is and how is it used. Companies are already protesting against accepting BTC as payment currency.

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September 04, 2021, 08:37:20 AM
 #9

The major reason for it is not the past experience people had on the internet, it is mainly about the FUD that is being spread about bitcoin. Imagine for almost a decade you've been hearing a lot of negative lies about something, the only logical way to think about that thing would be negative! That is until something negates that FUD. Usually big adoption news does that, news such as a big company starting to accept bitcoin. Or the recent news about a couple of countries adopting bitcoin as legal tender.

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September 04, 2021, 08:41:28 AM
 #10

That person you're talking to is kind of an ignorant, I mean if they can't see past the negativity that has been spouted over by a lot of people against bitcoin then they don't deserve the benefits and merits of having bitcoin and the profit it could bring as an investment.
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September 04, 2021, 09:11:07 AM
 #11

You're right that people are often cautious about cryptos because they've been traumatized by something that was claimed to be an innovative idea before. At least, that was my experience, and people whom I know to be against Bitcoin are usually aged 60+. They remember ponzi schemes of the past and feel like it's another one. I try to tell them that it's different, but it's very hard to convince people who have their beliefs set in stone by dozens of years, so after a few attempts I just try to omit the crypto topic. But as more institutions and famous people express their trust in Bitcoin's future, it's getting better and sometimes people reconsider their views.

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September 04, 2021, 09:50:01 AM
 #12

I got the impression that bitcoin itself knows at what time and to whom it becomes interesting. Each of us at a different time comes to him. Someone came very early, and if he was not stopped by all the news backgrounds that bitcoin is a hoax, this person will become a true bitcoiner.
I never put pressure on people to refute their point of view about bitcoin. I believe that ignorance is only their problem. Why should I make an effort and argue with a person who doesn't want to hear anything at all? They watch and listen to zombie boxes, that is, TVs and news, where some kind of restrictions on cryptocurrencies are constantly being introduced. Until a person himself comes to an understanding and interest in bitcoins, all attempts to prove anything will be unsuccessful.

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September 04, 2021, 10:12:47 AM
 #13

Nothing much you can do about it. All of that is part of online and internet awareness, and financial education at the most fundamental levels. That is, how you interact with money, risk management, etc. Nothing really specific to do with Bitcoin anyway.

I say this because even for those who do know about or have Bitcoin... Many actually do not know how to or are not even aware of that there is a way to interact with Bitcoin as a user and as a participant. They all be happy having "bitcoin" in Paypal.

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September 04, 2021, 10:19:01 AM
 #14

There are many ways to let people know about bitcoin but still, there are many people who do not know anything about it and since many people especially the old people are scared of any new technologies they will cont bitcoin as a new ponzi system. Bitcoin is there for more than 10 years and still, it's new compared to many other assets and surely this will take much more time for the newbies to get to know about it. Here I believe everything depends on social media and who educational they can be to spread the word.

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September 04, 2021, 10:36:56 AM
 #15

I am still not surprised that many people leaving in this era still don't know about Bitcoin or digital currencies.

You should not be surprised about this, because not all people in the world are in a situation to have a chance to know about Bitcoin at all, simply because they do not have access to information. About 40% of people in the world still do not have access to the Internet, and that says enough about what we are like as a society.

In addition, it should be taken into account that Bitcoin is very differently represented in the media when we talk about different countries. So most US residents have heard of Bitcoin because it is very often the subject of their mainstream media, while the situation in the EU is completely different (at least as far as my country is concerned), and people mostly get information through friends, acquaintances or some websites.

How do you think this stigma can be dealt with and how do we get people out of this so the don't get left out due to their FUD letting them settle on their negative notion about crypto...

We can’t convince anyone to invest in cryptocurrencies, it’s just wrong. When it comes to financial responsibility and investment, everyone should decide for themselves based on the solid facts available online - and then they can seek help on how to make a crypto wallet and tips on how to properly safeguard their digital assets. If someone wants to live in the belief that Bitcoin is a Ponzi scheme that will sooner or later collapse, so be it.

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September 04, 2021, 10:56:54 AM
 #16

bitcoin is only new for beginners,, actually before we jump into bitcoin, we must first know about bitcoin, so that we don't fall into the game of scammers, who take advantage of beginners in their deception,, with their sweet promises, who promise to give more profits ..
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September 04, 2021, 11:15:29 AM
 #17

There are enough material online for Bitcoin education; just let Darwinism take its course.
I like it. The available educational materials about Bitcoin are increasing and they are customized to more learner categories. From young and middle ages to old and children.

With Darwinism, the age of bitcoiners will become younger and children now will be main force of bitcoin communities in the future. Just in a next 12 years, we will have another generation of bitcoiners. They are future of the world and of bitcoin communities.

They will have more easily to accept Bitcoin and contribute more developments over the world.

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September 04, 2021, 11:55:55 AM
 #18

YES, BITCOIN IS ONLY NEW TO THE NEWBIE
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September 04, 2021, 12:05:54 PM
 #19

Using a common knowledge, anything you know recently is new to you, like 2010 and 2011 not everyone in the forum knows about bitcoin but just of recent the awareness of bitcoin covered everywhere and people began to know bitcoin, and some geographical environment as we are discussing now don't know what's bitcoin while some knows, it's when you know bitcoin it will be valid or valueless base on the explanation and understanding of it, so many people has heard about cryptocurrency or bitcoin in particular but the challenge they are having is that they don't believe in bitcoin.

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September 04, 2021, 12:10:41 PM
 #20

bitcoin is only new for beginners,, actually before we jump into bitcoin, we must first know about bitcoin, so that we don't fall into the game of scammers, who take advantage of beginners in their deception,, with their sweet promises, who promise to give more profits ..
Unfortunately, not all beginners want to learn more details about bitcoin, how to avoid scammers and how to know if someone wants to scam or trick them instead of just following what they got from the internet. The scammers usually use a simple trick that offers big money to them quickly, but those beginners can not think if that offers just want to get their money. But I am sure with many bad stories out there, the beginners will read about the scammers and be aware of staying away from the scammers and not easily follow their tricks.

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