Sometimes a good explanation is all it takes.

[Outhue]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.  

Then I went on to tell them how crypto is very different to FTX, complete transparent and immutable is what crypto is compared to FTX and I was able to confuse two friends after this explanation, now they want to know more.

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

[1713524605]

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[_act_]

Then I went on to tell them how crypto is very different to FTX, complete transparent and immutable is what crypto is compared to FTX and I was able to confuse two friends after this explanation, now they want to know more.

You have to make it distinct for them to know that it is bitcoin that is transparent, that most altcoins are not too and many are resulting to money loss more than expected. 75% of ICOs in 2018 were scam, there are many ICO that are still scam. There are many other ways that people are losing money just because they are not following the right things to do.

[cryptoaddictchie]

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

Because what they see on social media can be a 100% true to them. Thats how the power of social media that could change someone decision or belief.

You should just explain to your friend wisely what is yout knowledge and ellaborate the difference of such important technical matter on crypto especially on security and transparency.

[fortunecrypto]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

Sometimes the mainstream media are the biggest culprit, their headlines and content are manipulated to make it appear that Bitcoin is a company, they even interview so-called financial experts to back up their claim that investing in Bitcoin is considered a high-risk investment, some even attach it to Ponzi scheme.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.  
Then I went on to tell them how crypto is very different to FTX, complete transparent and immutable is what crypto is compared to FTX and I was able to confuse two friends after this explanation, now they want to know more.

You can do that to open-minded people and awaken their curiosity and the good thing is it's easy now to educate Cryptocurrency because there are so many materials online that you can use to convert these people on the value of Cryptocurrency and blockchain to our present generation.

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

Because they believe more in what mainstream media are saying, these media prefer to broadcast the bad sides of Cryptocurrency, people believe that if it's unconventional it should not be accepted, I know of people who are involved in MLM and they believe that if Bitcoin has no main or central office then its a scam, I don't waste my time on them they will soon discover the value of Bitcoin.

[SatoPrincess]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.  

It’s foolish to use FTX scandal as a criteria to call crypto a scam, many do not seem to read and understand before they come to a decision. They simply follow trends and have a been programmed to believe whatever the media puts in front of them.

I was able to confuse two friends after this explanation, now they want to know more.

I believe you meant to say “convince”, you made the mistake twice so I’m guessing English isn’t your first language.

[LoyceMobile]

my friends are saying crypto is the biggest scam of all

Fiat money is the biggest scam of all. Think about it

[yazher]

This is what the mainstream media does especially those who are supported by banks and their allies. They really wanted to make bitcoins the bad guy when some exchanges failed or some fraudsters or scammers used bitcoins as props for their evil deeds, they will gonna highlighted the name bitcoin to make it as if it's the culprit. Yeah! good explanations and truthfulness is our key to cleaning bitcoins and the crypto industry itself. this is not a joke because these hostile people are funded to do their job and they are not gonna make it slide once they found a lope hole.

[examplens]

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

It's just human psychology, people are afraid of the unknown. when they don't understand something, only negative things are looked at and something "unknown" is belittled. I remember various fears over time that have become everyday things today.
When bitcoin and cryptocurrencies are accepted by such, then you will know that the implementation is over and that the mission has succeeded.

[Hyphen(-)]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

The news is everywhere, and it has caused some people to lose their wealth. It has also caused fear in the minds of people with little knowledge of cryptocurrency and Altcoins investors, causing them to panic and sell their coins.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.  

Then I went on to tell them how crypto is very different to FTX, complete transparent and immutable is what crypto is compared to FTX and I was able to confuse two friends after this explanation, now they want to know more.

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

Were you referring to Bitcoin?
Because bringing up crypto and explaining how it differs from FTX will only confuse them further. Why not use the term Bitcoin for them to differentiate your explanation? FTX is also a cryptocurrency coin, so mentioning crypto for them may confuse them even more.

[AbuBhakar]

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

Most of them are those who miss the opportunity to invest below that’s why they making negative comment for FUD to dump the price and make a lower entry price for them. It’s very rare for a people without knowledge on crypto to waste time on making negative comment on crypto.

Also. There’s a lot of well known people that making FUD on Bitcoin that turns into crypto supporters during the bear market. Some of them is just doing it to have lower price entry for there investment.

[348Judah]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

I bet you wouldn't want to confuse them the more than convincing them because there are a lot of craps in crypto as a matter of fact in which part if them were the likes of FTX experience and many other projects from all this so called centralized exchanges with their coins they promote along with other shitcoins, if i were you i wouldn't bother stressing myself on broad cryptocurrency but rather choose the best which is bitcoin and teach them about it leaving other cryptos behind.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.

But they've got FTT coin, people invested on it and all gone, most of this centralized exchanges have thier own shitty coins as well that they will always repackages just for you and i to buy and invest on them and get disappointed overnight with our investments.

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

If you must recommend cryptocurrency to someone them choose bitcoin and also give a sound education about how to buy and sell to them, do you know why they should start with bitcoin, because bitcoin will never scam and run away their entire asset like other coins do, bitcoin can only be volatile when there's a drop in price or a pump in price for them to make profits and will always remain relevance while their entire asset or investment cannot be lost.

[tech30338]

After the FTX fraud spreads to every corner in my country my friends are saying crypto is the biggest scam of all, they said one day everything will reveal, this is coming from those that shows no interest in crypto at all even when I tried to confuse them but I did something right.

I sent them a message through WhatsApp explaining to them that FTX is not crypto, that FTX is a private company that people aren't supposed to trust because it's centralised but they do and in the end FTX illegally use their money for their own selfish interests.  

Then I went on to tell them how crypto is very different to FTX, complete transparent and immutable is what crypto is compared to FTX and I was able to confuse two friends after this explanation, now they want to know more.

I have come to realize that many people bad mouthing crypto don't do a single research on the technology first ( complete disregard ) so I urge you to explain more to those ( friends and families ) that call or will call crypto a scam all in the name of what FTX did with customers' fund.

The scammers and a group of people who want's to control crypto currency make a bad image for digital currency, its not the coin, but the people behind them, coins have usecase but once this people decided to run with the money, everything about crypto is a scam for those who become a victim, so what should we do? as concern group of community we should educate this people and explain, what really happens, in this way we save the face of crypto, and help them realize that there is a good side of it, that will be good and profitable in the future.

[Solosanz]

I mean what's the point for you to spend more time and teach Bitcoin to them? there's no benefit for you, but you just increase a risk to being targeted by criminal or your friends. I believe there's many people who often ask for money when they see someone is richer than him, they will try to become a fake friend in order to take advantage over you. I would stay away when people are talking about Bitcoin and try to become stupid if someone ask about Bitcoin to me.

[JoyMarsha]

This is how the media spreads false information about cryptocurrency without providing the actual context that causes it. When bitcoin experiences an inappropriate event, the media loves to heavily discuss it in a way that will make people view crypto as a bad investment.

Due to how the mainstream media has portrayed cryptocurrency as a scam, it will take a lot of conviction to persuade someone who doesn't know anything about bitcoin to accept bitcoin.

I occasionally try my best to advise and educate my friends about cryptocurrency and the risks involved with investing in altcoins other than bitcoin since I don't want the media to indoctrinate them with illogical thinking.

[Sandra_hakeem]

Alot of strange things keep happening; sometimes as a coincidence just so peeps would rather believe the so-called truth ( which is it), and try to practicalise them -- it's always happens in due process and finally, you'll just realize that you got their minds blown away.
    I'm not gonna ascertain the fact that everyone of 'em would get to believe you, but I'll make it clear that everyone will hear you and SOMEONE would choose to try. This paragraph counters your topic sentence and, ofcourse yunno that some peeps get angry for being told what to do,.. but you're not to let that mindset overule them right.? Exactly, that's why you're trying.
Another thing is ; were you seriously tryna CONFUSE them? ..lol I thought that'd be the other way round??

Sandra 🧑‍🦰

[Taskford]

Sometimes a good explanation need also a visual proof since not all people can digest the information you say to them since there are people who's in denial with things they went thru especially if they get scammed and don't know what's going on.

Not also surprised if they associate the whole crypto on what happen to FTX since there are still many people un the world doesn't know the difference between crypto and companies who use crypto for scams.

[OcTradism]

Fiat money is the biggest scam of all. Think about it

Fiat money is a biggest scam.
Altcoins are second biggest scam type.
Stable coins are third biggest scam.

I put altcoins at a second place because we can not calculate how much capital was lost in altcoins.

Stable coins are altcoins but they are special altcoins and it is easier to estimate how much people lost in stable coins.

[Despairo]

Fiat money is the biggest scam of all. Think about it

Fiat money is a biggest scam.
Altcoins are second biggest scam type.
Stable coins are third biggest scam.

I put altcoins at a second place because we can not calculate how much capital was lost in altcoins.

Stable coins are altcoins but they are special altcoins and it is easier to estimate how much people lost in stable coins.

I wouldn't say fiat and banks are the biggest scam, because they're regulated and you can recover your funds since there's an insurance entity who have big reserved funds. Bank savings isn't to grow your money, but it just to protect your money. Although there's few things like fiat isn't being used for money laundering, banks can freeze your funds and they will ask more verification etc etc that make people mad about it.

But it's not like altcoins and centralized stable coins where you wouldn't get any insurance or you can report the CEO to go jail, many scam projects can easily avoid this.

After all most people are still using fiat and not use Bitcoin as a currency.

[pooya87]

my friends are saying crypto is the biggest scam of all

Fiat money is the biggest scam of all. Think about it

Fiat is not money, it's currency. That's the scam.
That is also the case with cryptocurrencies that are not even currencies at all which is part of the reason why they are scams.

[Outhue]

my friends are saying crypto is the biggest scam of all

Fiat money is the biggest scam of all. Think about it

Fiat is not money, it's currency. That's the scam.
That is also the case with cryptocurrencies that are not even currencies at all which is part of the reason why they are scams.

Boss pooya87 correct me if I am wrong, you said that Fiat is not money that it's currency, how is that when currency is simply one tangible form of money? Also crypto ends with currency too, is Bitcoin not cryptocurrency? Bitcoin fits money more than Fiat? 🤔🤔🤔 damn I'm confused.