Assumptions of People who don't know about bitcoin... Ki

[aysg76]

We all are aware that bitcoin is no longer unknown to the people and i would say now enough of the population has come to know about that something like bitcoin exist ignoring the fact at the moment that whether through negative or positive sources.The world has now been introduced with bitcoin at much big level.

But we also know that it creates some types of divisional groups or say communities like who understands it and support the usage while others who don't understand it completely or say nothing but still spread rumours about it as the market provides free opportunities to express your thoughts to others.

So we all must be familiar with meme trends these days and enjoy sharing and watching them.But they are related to something that is happening really in the market at this time (speaking generally) presented in funny manner.There are lot of bitcoin memes also but some have deep meaning in them which we need to understand.

So here in this thread i also want to share one such image which truly represents how people who don't understand shit about bitcoin have their own perceptions about it and start talking the same way about it without prior investigation which we also say jumping to conclusions fast.They have blur picture of bitcoin in their mind but still believes they know whole fu*king thing about it.

Here is the image :

See how people make their own assumptions about bitcoin without fully knowing about it? This thread has created with the intention to make you aware that all the  negative assumptions people have in their mind about bitcoin are false because they have not learnt about it in detail.

It's same like the terms you have heard many times like :

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

2) Used for crimes : No need to say fiat is used more but spreading rumours about bitcoin is common practice.It is traceable if you don't use some mixing service but people assume it to be anonymous but in actual it's pseudo-anonymous

There are many more things which people have developed according to what they read about Bitcoin over those fake and paid articles but DYOR before that and read about it in detail.I am not convincing anyone to belive in bitcoin but if you make some efforts yourself there is no need to do that.

I have shared this image in WO but felt that also need to share along with you guys so if some newbie induces himself to be safe from some shitcoins in the market then it will be good.

Rest you make your choice but for me Bitcoin is the best.

[lovesmayfamilis]

It's true, there are a lot of rumors about bitcoin, and they often make me smile when I realize that people are spreading all these horror stories without understanding what they are talking about. If we talk about friends, I will always find time to explain everything to them and successfully convince them otherwise. But I will not impose love for bitcoin on people who have not matured it.
They say that the road to God is individual for everyone, someone is born with faith, and someone grows up to it.
I won't put bitcoin on that high level of faith, but it's comparable to understanding the value. For bitcoin, a person also needs to rise. Everyone has their path, and let people choose how to get to this path.

[mk4]

While it sucks, I really can't blame everyone. The first time I've heard about Bitcoin, I immediately shrugged it off after like 5 minutes of research because of how bizarre the concept is and how unlikely it was to succeed(this was like in 2013 or something). It took me a second time and with actual dedication(not half-assed) in learning about it that I finally grasped it. Hopefully the uneducated critics would also have their sort of "second coming" sometime in the near future.

[Coyster]

I think a lot of such misconceptions and assumptions stems from a lack of proper research, quite a lot of people get their understanding of Bitcoin from the media or from individuals who do not tell them the most important aspects of it, of course we all know the media is famous for highlighting Bitcoin as being negative, and also, more often than not people only tell others about how much they can make from Bitcoin, thus through such means, many individuals get the wrong perception about the network that prolly would not get corrected.

Having said that, for as many people that do their research about Bitcoin, they would want to be 'associated' with this network, if they can at least grasp a thing or two from their research, they will understand its pros and cons and know how well to handle them, and specifically understand that the network is not a get rich quick scheme as quite a lot of people assume it is.

[amishmanish]

I don't know but these posts talking about how "Bitcoin is misunderstood" are becoming old. Everybody knows that Bitcoin is the original cryptocurrency. Everybody knows that a lot of OGs got rich off of it. That is the most that newbies know and thats all they care about.

Most new people these days flock to communities in Web3, Alt-coins and the multiple chains out there. BTC is kind of like always in the background but in terms of sheer engagement, nobody really cares anymore.

Its like the boring old grandpa holding the keys to the fortune while everybody else wonders who will find a name in their will.

[Doan9269]

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

Some even call it a ponzi scheme because they lack the knowledge that bitcoin is a digital currency, that's why they tend to look at it with the ponzi approach that it may not last, but i will with time those wrong perspective will be corrected as bitcoin is evident in it results.

2) Used for crimes : No need to say fiat is used more but spreading rumours about bitcoin is common practice.

The misconception here is that some people believe once you are into an online digital form of business they tend to categorize everyone as a scammer, doing irrelevant and dirty stuff online just to cheat others which is a wrong mentality, crime rate in dealing with fiat is far higher than in bitcoin.

[Oluwa-btc]

I don't know but these posts talking about how "Bitcoin is misunderstood" are becoming old. Everybody knows that Bitcoin is the original cryptocurrency. Everybody knows that a lot of OGs got rich off of it. That is the most that newbies know and thats all they care about.

Most new people these days flock to communities in Web3, Alt-coins and the multiple chains out there. BTC is kind of like always in the background but in terms of sheer engagement, nobody really cares anymore.

Its like the boring old grandpa holding the keys to the fortune while everybody else wonders who will find a name in their will.

Talks about Bitcoin are fast spreading than expected, being the best amongst Crypto Currencies but I want to say not everyone knows about it already.
I paid a visit to my old mate's in junior school,had a brief talk about it and  funny enough they're totally blank about Bitcoin...Did a little brief about it's merit and how far it has gone and deeply in me I was happy I have advocated about Bitcoin.
Before it's adoption all over the world, more people still ignorant about it, this is why I don't find them irksome and boring.

About the crime aspect, this is true no doubts, but they fail to see the merits than demerits of Bitcoin.
While sharing news about this, teach people how to be on a low and live a private life, privacy will take them a long way when they posses Bitcoin.

xx Thanks.

[aoluain]

While it sucks, I really can't blame everyone. The first time I've heard about Bitcoin, I immediately shrugged it off after like 5 minutes of research because of how bizarre the concept is and how unlikely it was to succeed(this was like in 2013 or something). It took me a second time and with actual dedication(not half-assed) in learning about it that I finally grasped it. Hopefully the uneducated critics would also have their sort of "second coming" sometime in the near future.

Same as that, I first heard about Bitcoin around 2013 and my assumption were that
"the tokens were for gamers".

Unfortunately there will always be people who wont be interested, wont do enough
research, will think they know about it and will spread false information. The same
could be said about a lot of other things.

[dbc23]

In the world of ignorance careless assumption is inevitable. When i first heard of bitcoin i likened it to some sort of reserved virtual token earned by super mario players. because when i first saw the logo online i flashed back to some sort of similar logo seen on Mario game. But as time went on i discovered it was a different technology entirely

[JayTrain]

About 5 years ago, it seems to me there were more negative rumors about bitcoin than there are today.Thanks to some states that have accepted bitcoin as a means of payment, and perhaps such as Elon Musk, people's trust in bitcoin has become greater, but there are of course people who cannot be persuaded of their correctness, so how many people have so many opinions.

[Viscore]

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

People who are afraid and dont have any knowledge, think that bitcoin is a bubble, but smart people dont. And literally no one has a clue what they are talking about. I believe that once bitcoin and other crypto are totally accepted, then it will be taken a lot seriously worldwide.

[Sterbens]

There are always positives and negatives, from a society's point of view, Bitcoin is something terrible, but it is also something that is quite extraordinary. No wonder a lot of people will hate Bitcoin because they don't dig deep. It happened to me before it was on this forum. But as we all know there is a saying "don't know, then don't love" I have experienced it until now. Curiosity will haunt what we think is bad to encourage us to know more. And finally, we come to the conclusion that what we consider bad, will disappear as we get to know more deeply.

And that all applies to people who until now still think of Bitcoin as a terrible threat.

[milewilda]

There are always positives and negatives, from a society's point of view, Bitcoin is something terrible, but it is also something that is quite extraordinary. No wonder a lot of people will hate Bitcoin because they don't dig deep. It happened to me before it was on this forum. But as we all know there is a saying "don't know, then don't love" I have experienced it until now. Curiosity will haunt what we think is bad to encourage us to know more. And finally, we come to the conclusion that what we consider bad, will disappear as we get to know more deeply.

And that all applies to people who until now still think of Bitcoin as a terrible threat.

You cant please everybody in short or directly speaking.  . It is true that we do really have different kind of interest on things on which whether we do get curious on everything that we newly encounter
and some people doesnt really care or ignore it directly without having some in depth research and on the time that it do became main trend then this is where perception do really changes up.
You would normally assume on things that you dont even know and make out some direct comments and words without being knowledgeable on  it.

[CaVO32]

There are always positives and negatives, from a society's point of view, Bitcoin is something terrible, but it is also something that is quite extraordinary. No wonder a lot of people will hate Bitcoin because they don't dig deep. It happened to me before it was on this forum. But as we all know there is a saying "don't know, then don't love" I have experienced it until now. Curiosity will haunt what we think is bad to encourage us to know more. And finally, we come to the conclusion that what we consider bad, will disappear as we get to know more deeply.

And that all applies to people who until now still think of Bitcoin as a terrible threat.

Education is really the key to change the perspective of someone towards a specific topic or subject. If you are ignorant with something, the tendency is really to get away with it or have hesitations to touch it. But if you educate yourself, you will slowly understand things and you will not be scared of dealing with it. The more you know, the better understanding you have for the subject, which makes you less scared of the topic on hand. You will be more equip also when dealing with it if you have more knowledge.

[Ziskinberg]

1) Bitcoin is a bubble : This is the most common thing the community has said against it from the past and it could burst anytime but they are proved wrong each time.The prices increase they say it will burst out and when they falls they say it's crash but in reality they don't know anything about it.It is a currency and like any other asset can go up and down in value so what do you expect from it? But in reality btc is needle that is bursting fiat bubbles.

This is mostly what I've to hear from the people around before but today, upon asking them, you can hear different stories some will say "it was a profitable investment and any got rich" , while the others will still think it was a scam and it burst. It is likely to say that many were still not aware of the situation by now, many were never appreciates Bitcoin, in fact, it has already been proven so many times. And to argue with these negative people is just a waste of time, but I believe they'll change somehow sooner and they realize that they are wrong.

[DapanasFruit]

That meme is funny but still that is relatively positive way for people to be describing Bitcoin and their experience with it. On the negative side of things, the best description of Bitcoin is that it is a big scam and just another Ponzi scheme and therefore will not survive and will eventually get a zero value into the future. And there are so many famous and intelligent critics of Bitcoin who believe the same kind of thinking. Still, we in the crypto industry know that there is always two sides to the coin but why concentrated on the darker side when we already saw the light...the same conviction that lead El Salvador and its current president to declare BTC to be a legal tender?

[Oasisman]

This is all because of its increased usage on darknet, gambling and illegal needs.

Maybe I'm not well aware of, is there really a lot of underground or deepweb/darknet stuff BTC transactions that continuesly growing? I mean I know there are still silk road like market exist.  but it's not really that rampant now.  I haven't heard much about it.
I don't see any problems about gambling though. Because fiat currency is also used for gambling. The increase of crypto gambling platform means a lot of were adopting and it's really good for Bitcoin growth.

[Jawhead999]

This is all because of its increased usage on darknet, gambling and illegal needs. In the beginning it served as an exchange asset that helps to stay anonymous. Maybe in the future they'll realise the value.

Bitcoin wasn't created to served as anonymous asset, it's pseudonymous: all address and transactions can be viewed/tracked by anyone if they search on blockchain explorer, don't forget if you ever KYCed centralized exchanges... you don't have any privacy anymore.

Many articles on 2017 and 2021 back often discuss about Bitcoin price breaking new ATH, obviously they're already know the value of Bitcoin. But they're invest on peak and when the price decrease, they blame Bitcoin.

I have no idea why you include gambling among darknet and illegal stuffs, you need to look offline gambling do exist and it's legal (depends on which country is).

[Darker45]

On the other hand, there is a big difference between you don't know Bitcoin and you simply hate Bitcoin for whatever reasons.

I admit that there are a lot of people who have these wrong perceptions of Bitcoin. But I suspect that a lot of the negative Bitcoin descriptions are not coming from those who truly don't understand Bitcoin but from those who have so much at stake in the system that Bitcoin is trying to correct. So these descriptions are not actually misunderstanding or misperception of Bitcoin but plainly attacks on Bitcoin.

To add to Bitcoin is a bubble and Bitcoin is used for crimes, there are also:

• Bitcoin is a Ponzi
• Bitcoin destroys the environment
• Bitcoin is a gambler's money
• Bitcoin is a money-launderer's tool
• Bitcoin doesn't have intrinsic value
• Bitcoin is not money (you can't spend Bitcoin, you can't convert it, you can't withdraw it)
• Bitcoin is risky
• Bitcoin is a creation of the CIA
• Bitcoin is a fintech fad
• And more

[Cookdata]

Did you design the image? It says a lot, I think a part about plugging of money from Bitcoin should be included. When you try to discuss bitcoin as internet money, they think it's just a place where they can come and plug their own shares, which is funny to me how they view bitcoin.

There was a time when I had to keep things to myself, the Bitcoin revolution is real, and many people are informed about bitcoin, however, not everyone will want to adopt the positive aspects of Bitcoin as they've been distracted by the traditional system, try to convince them, teach them, they will continue to call bitcoin various names and see it in various images.

Some people don't just want to hear about bitcoin, that word irks them and always view it as gambling, try to educate them about bitcoin, they wrongly assume you are attempting to initiate them into gambling. I have concluded that those who will learn and embrace bitcoin's workings will, while the zombies who are tied to traditional money will remain until the end of the world.