Caution Newbies Bitcoin is BTC

[yohananaomi]

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.

It seems that since the past fraud with the aim of taking advantage at all costs has been carried out but since a few years it has gotten out of control. It's no longer unusual that at any time we can see the behavior of fraudsters in an increasing variety of ways, and it's surprising that many still experience this fraud.
new projects grow a lot by giving unfair profits and it should already be known that this is impossible, but there are still those who buy. when the coin was launched, the price was very worthless, not even a few ran away without a trace.
that's why now it's rarely seen and lonely with new projects because the response that wants to invest has been much reduced. hopefully in the future there will be a better movement like in 2017.
agree with you not to hesitate before buying to study and listen to information from other colleagues, so as not to draw conclusions and analyzes that are actually different from most of the others.

[Bitcoin_people]

There are many people in crypto today who don't recognize the Bitcoin logo well. And they get cheated by seeing the logo of fake bitcoin and investing. Now it is seen that there are various advertisements using the name of Bitcoin, there are many unknown people who invest in what they think is Bitcoin. Eventually they get scammed so know well and invest carefully to avoid such scams.

[LastKiss]

~snip~

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.

Yeah I agree, nowadays young people are really easy to be tricked by small differences. Maybe he insists to say that Bitcoin because he sees the potential of that coin  Maybe surpassing Bitcoin? Well, the difference between that coin and Bitcoin is already visible, its name, its price, its popularity, etc.

[maydna]

Just leave him with his stance because no matter how you explain it, he still won't accept it. I guess he doesn't know much about crypto so he assumes that bitcoin is not real and bficoin is real. You can't force him to believe even to make him realize his mistake. But you can still explain to him that what he believes is wrong and bficoin is not bitcoin.

You will see what will happen to him and if it is later proven, you should not blame him because he is against you; it will only prolong the problem. He will regret not doing what you say when he realises his mistake.

[Kelvinid]

Not that I see it was a trick but a person can read and know Bitcoin, it is impossible he got fooled into investing in other projects that he presume it was also Bitcoin. I'm not sure if newbies would still fall into a such thing because I know that they are also doing research prior to investing in crypto. If someone will invest bfiCoin, it was their choice, not because they'll think that they are still investing in Bitcoin. If that could be a mistake, I don't know if they were able to read it carefully or not.

[nimogsm]

Such a primitive advertisement but it worked.More in this story it upsets that a person does not want to do his own research, but believes everything that is said on TV. "Thanks" to such cryptocurrencies that only spoil the overall impression of worthy projects. There is an expression: good does not need advertising.

[kryptqnick]

I see why a company would choose a confusing name and Bitcoin's supply, as they probably rely on people mixing it up with Bitcoin and/or investing because of believing that crypto is a big thing, without differentiating between coins. Companies like that benefit from the lack of regulations of the altcoin market, as I believe in other fields that would be called unfair competition and misleading behaviour and might be a punishable offence. But since Bitcoin isn't a company or a trademark, and altcoins are regulated more loosely, people can do all sorts of things.
Those who say Bitcoin and Bficoin can be told apart are correct, but it's the same with Adidas and Abibas/Adibas, and yet the latter is frowned upon if not considered illegal.

[CryptoHeadlineNews]

Yesterday i came across an unfortunate incident and i never thought people will be so dump here

We are having a PSL season 8 (a very popular cricket tournament where local and International players play the game) and it is being broadcast over the national sports channel locally and also worldwide.

One of my friend told me that he has heard about bitcoin as it is being advertised in that tournament and he asked me if he should buy Bitcoin as it was advertised in PSL ?

I was shocked as I never saw a bitcoin advertisement on national TV but later the whole story fold up.

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 https://www.coingecko.com/en/coins/bficoin 

The difference between both coins are clear, both in spelling and price value, of which even a new born baby can testify to that. Because since Bitcoin is a very popular project, the developers of this coin "bficoin" must have used a similar name, so as to lure people into investing in their coin, and at such campaign through football sponsorship, hence, making ignorant newbies believe it's the true Bitcoin, whereas, it's just a shitcoin.

However, I'm happy you were there to enlighten your friend on the difference between both coins, because just as the price value of "bficoin" is currently $18.5, the current price of Bitcoin is $21,488

[Fatunad]

Yesterday i came across an unfortunate incident and i never thought people will be so dump here

We are having a PSL season 8 (a very popular cricket tournament where local and International players play the game) and it is being broadcast over the national sports channel locally and also worldwide.

One of my friend told me that he has heard about bitcoin as it is being advertised in that tournament and he asked me if he should buy Bitcoin as it was advertised in PSL ?

I was shocked as I never saw a bitcoin advertisement on national TV but later the whole story fold up.

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 https://www.coingecko.com/en/coins/bficoin  

The difference between both coins are clear, both in spelling and price value, of which even a new born baby can testify to that. Because since Bitcoin is a very popular project, the developers of this coin "bficoin" must have used a similar name, so as to lure people into investing in their coin, and at such campaign through football sponsorship, hence, making ignorant newbies believe it's the true Bitcoin, whereas, it's just a shitcoin.

However, I'm happy you were there to enlighten your friend on the difference between both coins, because just as the price value of "bficoin" is currently $18.5, the current price of Bitcoin is $21,488

True, even a simple read up and using up your own common sense could be able to tell on whats the main difference and you wouldn't really be that blind nor really that dumb on not to notice it out.  
If you are a noob which did really make out some mistake then for sure on next time you would really be that aware because we know that experience is the best teacher and out of those errors and mistakes
are the things which would really make you that learn.Its not necessary for you to commit out some mistakes which you could eventually be able to avoid if you are really that
reading up others experiences.

[ethereumhunter]

Such a primitive advertisement but it worked.More in this story it upsets that a person does not want to do his own research, but believes everything that is said on TV. "Thanks" to such cryptocurrencies that only spoil the overall impression of worthy projects. There is an expression: good does not need advertising.

Maybe it looks primitive but many people believe and even deny that it is not bitcoin. We also can't force them not to believe that it's not bitcoin because they already feel confident about it. The only thing that could change that was when they saw how the project wasn't doing well and how bitcoin could become more popular. At that point, they're just starting to wonder what the truth is and if they dive straight into it, they'll find that what they believed all along was wrong and not bitcoin. If that had happened to me, I would have walked away from it and wouldn't force it and let them figure it out alone.

[ultrloa]

Yesterday i came across an unfortunate incident and i never thought people will be so dump here

We are having a PSL season 8 (a very popular cricket tournament where local and International players play the game) and it is being broadcast over the national sports channel locally and also worldwide.

One of my friend told me that he has heard about bitcoin as it is being advertised in that tournament and he asked me if he should buy Bitcoin as it was advertised in PSL ?

I was shocked as I never saw a bitcoin advertisement on national TV but later the whole story fold up.

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 https://www.coingecko.com/en/coins/bficoin  

The difference between both coins are clear, both in spelling and price value, of which even a new born baby can testify to that. Because since Bitcoin is a very popular project, the developers of this coin "bficoin" must have used a similar name, so as to lure people into investing in their coin, and at such campaign through football sponsorship, hence, making ignorant newbies believe it's the true Bitcoin, whereas, it's just a shitcoin.

However, I'm happy you were there to enlighten your friend on the difference between both coins, because just as the price value of "bficoin" is currently $18.5, the current price of Bitcoin is $21,488

True, even a simple read up and using up your own common sense could be able to tell on whats the main difference and you wouldn't really be that blind nor really that dumb on not to notice it out.  
If you are a noob which did really make out some mistake then for sure on next time you would really be that aware because we know that experience is the best teacher and out of those errors and mistakes
are the things which would really make you that learn.Its not necessary for you to commit out some mistakes which you could eventually be able to avoid if you are really that
reading up others experiences.

But for newbie who doesn't have knowledgeable person beside them this new information to read is kinda bit confusing especially when searching it up on media platform for sure they will lead to hyip or many ponzi schemes which offer to good to be true returns if they invest using bitcoins.

But if they know how to digest the learnings thru their experiences maybe they can learn a lot from those things.

[Farma]

why is he sure that it is bitcoin, while the advertisement clearly says BFICoin? if the ad only showed the logo, I think it might happen, but by advertising BFICoin, people wouldn't spell BFICoin as bitcoin. you know what i mean.
However, your friend needs a very deep education for this. I'm pretty sure that if a project names their coin with the name bitcoin 3.0 or a name with elements of bitcoin, and has a total supply of 21 million coins, then he or she will probably feel that it's the next generation of bitcoin.