Caution Newbies Bitcoin is BTC

[mk4]

The difference is very clear but their are some person that don't pay attention to details. The sound and the spelling looks somehow alike and many uninformed persons might be deceived. In my country many people have been misinformed and scammed because some set of fraudulent individual choose to clone a particular product making it look like the original. Many shitcoins promoters claim that their coins are the same or even better than Bitcoin. That's why I always encourage anyone that engage in Bitcoin awarenesses projects because we really need them. We need to keep spreading the news of Bitcoin until it becomes a household name globally.

In this case, I personally don't think so. If you check their website, it doesn't seem to be trying to copy Bitcoin at all. And if they wanted to be masquerading as the "real" Bitcoin, they could literally pick other names like the hundreds of Bitcoin shit forks we have.

[tabas]

Maybe he just thought about the last part of hearing 'coin' on BFICoin as bitcoin but nonetheless, hearing both of it really can be determined the difference between the two.
Well, forget about that argument and just let your friend believe what he wants to believe as soon it will be dumped with what it has something to do with the advertisement. I don't know why but I have this feeling that this coin might collapse soon. Looking at coinmarketcap with its name as "Best Fintech Investment Coin" https://coinmarketcap.com/currencies/best-fintech-investment-coin/

[jayce]

Well then crypto isn't for him obviously if he has no idea about bitcoin. Recently there are so many shitcoins advertised and promoted by influencers out there, and your friend might be a victim , then blaming crypto as a big fraud. Though it's not hard for him to google the info himself about the difference between bitcoin and othercoin but instead he argued it to you. I checked if there is a bficointalk.org but luckily found none lol.

[Rruchi man]

Actually, they were advertising the Bficoin BFIC coin to which my friend thought that it was bitcoin.  I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply

Bficoin? bitcoin? both sound alike and can be confusing to newbies who may just think it is a typo. It reminds me of how people in my country copy the design of original products from companies and use very similar names that they may just change a letter in the spelling to ensure that people who do not look well before buying make mistake of thinking those products are the original.

He was of the view that since BFIC was advertised on national TV, it is a real coin and Bitcoin is just a clone or a scam. 
He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.

Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research.

[serjent05]

In my case, I'll just tell my friend the difference, give him link and other references.  I will advise him to do a deeper research, and if after all the explanation and showing proof, my friend don't believe me and insist on the things he know then I'll just let him be.  There is no need to push the truth to anyone who is in denial of the fact.  At least I have done my part of informing him the difference between BFIC and BTC.

Actually, they were advertising the Bficoin BFIC coin to which my friend thought that it was bitcoin.  I told him that this is not real bitcoin but he insisted that I was wrong. I told him that bitcoin has 21 million supply and he told that this coin also had the same supply

Bficoin? bitcoin? both sound alike and can be confusing to newbies who may just think it is a typo. It reminds me of how people in my country copy the design of original products from companies and use very similar names that they may just change a letter in the spelling to ensure that people who do not look well before buying make mistake of thinking those products are the original.

there is a huge difference, they don't sound alike bi-fi-coin sounds different from Bit-coin.  Even its ticker is way different see. BFIC - BTC.

He was of the view that since BFIC was advertised on national TV, it is a real coin and Bitcoin is just a clone or a scam. 
He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.

Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research.

We can't tell that the coin is a scam, the thing that it promoted itself on a mass media platform says that the project plans to be legit. But I think @OP's friend is trolling him, since there is a huge different on price between BFIC and BTC.  So anyone will never think that BFIC is Bitcoin.

[Z-tight]

Your friend wants to invest in a coin because he saw it advertised on TV, that is not how to invest in cryptocurrencies because there are many scam coins being advertised everywhere, even on TV, he believes what he is watching is real because he saw it on TV, and not because he did any research. This person would surely lose money if they eventually invest in any crypto at all, it is obvious they don't know what they are doing.

I think it is only in crypto you can see people investing without knowing what they are doing because they think crypto was created to make them rich, i don't think you will see people buy stocks without knowing the particular one they are buying, but your friend wants to buy something he thinks is BTC because its name ends with "coin".

[Jawhead999]

Looking at the website, it seems the developer has no intention to create fake Bitcoin project because the project discuss about ETH layer 2 solution. It's a clear difference, maybe your friend just really new with crypto space, so whenever he heard or see about any coin, he will think it's a Bitcoin. Just like how people always refer a fried chicken to KFC. He just need to learn from the basic, he might learn after he make a mistake too.

[LogitechMouse]

Kind of confusing? Maybe for some who are not attentive enough to make a research or not looking at it twice.

I mean even a newbie knows the spelling of Bitcoin right? The project is a different project and that's based on Ethereum blockchain. I don't know why your friend sees Bficoin as Bitcoin? Does your friend having a hard time reading the same word twice? Maybe teach your friend to read the same word twice.

~

Scammers can spend money to ensure that they get victims. An advertisement of National TV should not still be trusted, you must always do your own research.

I remember FTX with this one.

Spending huge amounts of money thru advertisements. They also spend some money giving donations to the politicians in the last elections. They even changed American Airlines Arena into FTX Arena. Ending? SBF scammed the users, the advertisers and all that is connected to the exchange.

[Mr.sprin]

many parties want to take advantage by deceiving other people, most of them use tricks with big profits so many people are tricked with big profits, even people are willing to spend money buying scam coins in the hope that they will get a profit in the future, therefore do not be careless in drawing conclusions, learn and understand so that you are not easily swayed by the lure of big profits.

[Cryptoababe]

Most newbies are ignorant. They don't like to listen to the truth. At times, when I explained a little and I see that they are not listening, I will just ignore them and stop talking.
This is why most of them get scammed. They want cheap things and they look for fast money also. Whenever I see any one who listen, I always try not to make them regret in any way.

[crunck]

This is how the young generation can easily get detracked because of a lack of knowledge. I was really sad to see people don't want to accept reality or even research.

It's a sad truth, but I won't mourn those people. If they get scammed and lose money, they deserve it because they are too lazy to research before investing. You don't have to try to explain it to them, losing money will teach them a lesson, a lesson they will never forget. Sometimes free knowledge does not bring any value, but when they spend money, they will appreciate it.

[KFC786]

I am also from that country and I will say that people are so dumb and that's why they loose a lot of money. And in my country I know how much challenges I am facing.

[hopenotlate]

I don't know — but there's a clear distinction between bitcoin and bfiCoin. If a person doesn't see the difference between the two, then he's bound to lose money in this industry.

Not only in this industry imo

[el kaka22]

This type of thing happened plenty of times before, it happened in my nation as well. There was a scammer who was selling securities based on bitcoin, like you wouldn't be actually buying bitcoin, you would be buying what they claim worths one bitcoin, so technically speaking you would pay them a bitcoin worths money and they promise that if the price of bitcoin goes up, you can still cash out.

Obviously that was a ponzi, and that ended up being something quite terrible at the same time because people lost nearly 80 million dollars to that guy. These type of things happens all around the world and unfortunately not that uncommon for many people to fall for it.

[thecodebear]

I'm sorry but your friend doesn't seem very bright. He refuses to believe that Bitcoin is Bitcoin and thinks something called Bficoin is actually Bitcoin? Even after you explained it to him he still doesn't understand? No offense but your friend seems like the kind of person that isn't smart enough to invest his own money. Sounds like the kind of person that scammers love.

[Casdinyard]

I think the main point is to misdirect the people and I know this type of abuse caters towards a certain type of audience and investor but this is just too funny. Imagine being fucked over by a letter exchanged and then switched out. You're basically phished by the project founders at that point. Then again, OP is right, newbies should always be wary not only of how they navigate across the internet but with whatever they put their money into as well. In cases like BFICoin there's the possibility you may mistake it for bitcoin or a different coin for a different bluechip crypto. Just proper awareness, knowledge, and common sense to avoid becoming a victim of things like these. Still though, if BFIcoin isn't a rugpull project I think the peeps who mistook it for bitcoin could still cash in on some profit after all.

[The Cryptovator]

They are not a fraud, lol. They weren't pretending to be any coins. Bificoin is the unusual name they choose. Obviously, it differs from Bitcoin. That your friend doesn't believe in you is plain foolish. Even he doesn't need to have faith in you because everyone can read. No worries if your friend actually purchased real Bitcoin and believes it to be bitcoin. It doesn't matter if he bought Bificoin, it's a altcoin. I don't understand how this might be confusing.

[Smartprofit]

I don't know — but there's a clear distinction between bitcoin and bfiCoin. If a person doesn't see the difference between the two, then he's bound to lose money in this industry.

In 2017, I became interested in cryptocurrency and registered on the bitcointalk forum. 

At that time, all crypto enthusiasts were discussing the upcoming bitcoin hard fork.  None of us was sure that Bitcoin (the first cryptocurrency) would not split into two equivalent coins, each of which could claim the title of Real Bitcoin. 

Fortunately, this did not happen.  However, bitcoin clones have emerged, such as Bitcoin Cash, Bitcoin Gold, and many others....

But in fact, there is only one bitcoin!  It's BTC!  All other bitcoins are impostors! 

Especially if the coin is called BFICoin....

[Cryptomultiplier]

I cannot be one to argue about the validity of the known Bitcoin which is BTC, with someone who thinks otherwise or has a name that is thought to be real one.  My knowledge came from the need to diversify funds and seek better investment and profit earning platforms.
When I see or read of such shit coins that bears a semblance in name to the real deal, I just shake my head and empathize with those who might fall prey and loose their investment.
It is wise for persons to be able to properly identify logos and symbols too, incase the names might be confusing as is the case of your friend, OP.

[Dr.Bitcoin_Strange]

and he asked me if he should buy Bitcoin as it was advertised in PSL ?
He was of the view that since BFIC was advertised on national TV, it is a real coin and Bitcoin is just a clone or a scam.  
He was not agreeing with me as he said if bitcoin was real, then it would have been showing at the PSL matches and not this coin.

LOL, but wow 😳.. you mean he said, "If Bitcoin was real, it should be advertised like Bficoin was?" That is to say, there are really people who are so badly unaware of Bitcoin. Even when I encounter some customers asking me some dumb questions about Bitcoin, I ask myself, Are these people in this world or are they from another planet? I guess the Bficoin project is probably supporting PLS; that's why it steadily gets advertised there. So you can start by explaining to your friend that the Bitcoin he took to be Bitcoin is just supporting PLS; that's why it gets advertised there; or if you know other reasons why, you can explain them to him. Make sure to let him know that the Bificoin is not the Bitcoin he thinks, and if he/she likes, he can listen to you or do what's on their mind, but already he has sought your advice on whether he should invest in the coin, so I hope you advise him not to buy that coin.

Bficoin seems to be a project developed in 2021; their Twitter page was created in 2021; the ATL and ATH of the coin were in the same year, 2021. So your friend has got to decide between Bitcoin and Bficoin who copied who; lol, that's just funny to me.